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Sir! Yes, Mr. Moderator! Sir!
Sir! The yellow thing at the end of the chart is the active day candle, sir! If you will please note, sir, there are now 4 white candles, sir. There is a long white candle and 3 short white candles, which adds to become a single white candle, which means we now have 2 long white candles side by side, sir! Moreover, the last candle is a white hammer in an engulfing pattern, sir. If you believe in TA for Pinkies, and I don't, sir, then we now have one of the most bullish patterns set in motion. Bulls now outnumber bears, sir! And, that is a GOOD thing. Sir!!
OK, finished loading. Those were my final hundred shares that went through at 1.80. Now I am ready for the epic ride of my life.
See that one coming our way. The one just off the horizon? That really, reeaaaly big one coming our way? That's the one I'm gonna ride. Let's get the peak and you break left and I'll go right. Gonna be a long, long ride, he, he.
PRs are wasted on shortened holiday weeks. If Parkin is seasoned, and I undertsand that he is, he knows this is true. I'm certain that more updates and such will come next week, along with the return of north movement. Big Money returns from the "Hamptons" on Monday. Can't do anything meaningful with the SP, except maybe tank it on thin buying, until Big Money returns to the "office".
Agree, Boy of the Hamptons. PRs are usually wasted on shortened holiday weeks. Especially the big, juicy, bring your money kind. Next week will be different for sure, no matter what direction it takes.
How's that for covering all possibilities?
When I lived in Manhattan, I used to hit the East Hamptons to get my surf-rocks off. It was particularly fun during hurricane season when mid-Atlantic storms would cause nice forming, long-running swells at Pinecones. Lefties was always a little hairy though epic.
Buying pressure begins next week. Big Money returns from the Hamptons Monday. Second team and shorts control the action this week. May actually see SP return to .20 plus late tomorrow as positions are taken off the table for the weekend and current "players prepare for the return of Big Money. Might even get some buying EOD. But just my opinion and I've been wrong before.
By the way, I think one of those numbers today had a 7 (.175) in it so looks like the gap filled. Must be up from here and full head and shoulders complete with perfect textbook symmetry. Sceond team was playing by the rules.
World Spot is recovering in NY from a 24 hour dip.
WSM: I wouldn't mind one. EOM
I'm sorry Bushie, but where is the confusion between the site and the PR? 2.3 million bbl for following 12 months through 2007 and 2.3 million bbl for 2006, are those not both 12 month periods? Are those not consistent numbers no matter the date inclusion? Interpolate just a little will ya? Both mean a flow rate of 191,700 bbl per month. Both mean $958,500 per month at a wellhead price of $50 a barrel. What the hell is ambiguous about that? Didn't you pass high school math? Talk about nit-picking mohair.
OT: Of course, I've seen that one. That is the natorious Dr.F. DDS. Hilarious. yes. He actually once said during a break on the set after finding his gin bottle open and empty, "Whose the SOB that let the cork out of my lunch?" That line, minus the "SOB", was used in a number of films after that.
2C, me thinks they was a'coverin'. With reckless abandon for facts and fictions, alike.
I'll go out on my usual limb. We move up tomorrow after a short visit to red-land.
Agree MSG, but I hope he uses a native english speaking proofreader. Forget it. I hope he jots down notes and lets a professional native speaking writer draft the entire thing.
Ahh, the good T/A. Las Vegas as a lad with my head in the stars and a few gin and tonics. What was her name...
Oh, sorry. Lost in the past, again.
Where were we. TA only applies to pinkies when nothing else works. One can always retrofit the current circumstances to fit a TA textbook scenario. Once identified, however, it's always amazing how the pattern will follow the textbook for a few more sessions before all chaos reigns once again.
BIGN profit taking after a nice run. Should be some funds off the table at BIGN making the way over here, shortly. I said that on AURC board, but many of the same players on all 3 issues.
LOL. I haven't been called a "bad dog" since I divorced my 2nd wife.
Still a gap on the 60 minute chart at .17. Will it fill now that we are so close? Tomorrow will tell the story. Bwaaaahahahahaha!
Now, I can't agree with you more. And, don't forget to read the ROC and RSI and MAC lines to know when to take your profits after the next run.
Sorry Ed, but the interpretation still involves 50% plus one. also, rules of corporate charter come under the jurisdiction of Florida. As a pink sheet, and in the absence of SEC oversite, rules of Florida take precedence. The deal is done, shareholders will be notified, and the merger will be ratified at the next scheduled meeting --SEC pre-14C if the company is reporting-- under the 50% plus one rule. SOP.
Agree WSM. They need to read up on what constitutes majority stockholders and how a voting quarum is formed. Unless otherwise stated in the charter, a quarum is 50% plus one share. When they say that they will inform stockholders and abide by their decision, they mean the 50% plus one majority. Usually, the result of the vote is issued weeks later as an announced board meeting with a letter that says, "This is not a call for participation in the voting. You need not send in a proxy..." Done deal.
My bid is .18, but probably will not fill until spread hits .175 bid. Looks like a lot of short covering at this point. West might be on the bid too. But, he never talks. Should be some BIGN money walking back over here today. Major profit-taking day after that fine run.
MBP, I think .18 will be your re-entry point here, but could be a penney lower. But, don't blink or you will miss it.
jstick2000, Reread my response to Honest Ed. Go to Wikipedia and read up on buyouts, mergers and acquisitions. Then we will have a discussion. Until then, I'm not going to waste my valuable limited keyboard skills on someone who pretends not to understand how a private and public company can structure an exchange of shares that have agreed upon values.
Honest Ed. The buyout offer was set at the price 2.17. Acquisitions nearly always involve shares and cash, combined.
From Wikipedia: "A friendly takeover consists of a straight buyout of a company, and happens frequently. The shareholders receive cash or (more commonly) an agreed-upon number of shares of the acquiring company's stock."
http://en.wikipedia.org/wiki/Takeover
I don't know where you are coming from when insisting that a buyout offer for NDOL requires $500mm in cash. When Carlisle Group bought out Verizon Tel, the cash part of the offer was only originally $500mm for a $3 billion company. A judge overseeing the merger/acquisition forced Carlisle to come up with extra cash to cover 1/3rd the offering price. Buyouts can be structured with less than 10% leveraged capital. In fact, the merger structure for NDOL could just as easily be called a "buyout" by placing a dollar value on the share distribution.
Me thinks you are not as honest as your name would have us believe, or you are a newbie trader, know-nothing.
But, let me give you a hand here, assuming the more innocent newbie, read some Wikipedia beginning with the link provided, and follow their links to sources and don't stop reading until you fully understand buyouts, mergers and acquisitions. Then, come back here and post threats about lawsiuts after you know a little bit.
Wallstreetman, Look at the symmetry from April to present. If you know where this is headed in the next few days --and when it happens, it will happen fast-- there is a major strengthening of position coming for already strong hands. This is textbook. The hand-wringers need to read up on this stuff. Bashers and hedge-funds exploit it. So, WSM, looking at your "model chart" in post #8271, where do you think we are right now?
I love cycles combined with a timeline. RSI headed toward oversold, complete head and shoulders of a classic strong-hands/weak-hands pattern, shift to a higher trading venue soon after June 1, shorts attacking the stock on schedule to cover before the share accounting. Buy 'em guys and gals cause in 30 days a few cents will seem like nit-picking specks off a mohair. This is headed back to $1 in very short order. (Pun intended.)
I think that sign-off was Walter Cronkite's. "And thats the way it is,..." But then, David Brinkley probably deserves credit if only for having started the gene-line that resulted in Christy Brinkley. 8-}
I agree. I think that waiting and selling on a run is a mistake. Better to go against the market and pick up a little more at current levels. Then sell those at the target price to offset the original investment. But, we all have our own strategies.
No, Lowman, I believe it is that the tortoise always finishes the race, while the hare is like an ADHD child on Ritalin. Finishing the race slow and steady is always enough to be winner. Oh, that's what you meant. Never mind.
IHDR, The question is a repeat. In fact, repeated several times now. How can you state "I haven't seen this questioned before" with a straight face and without a wink and a nod? Just wondering.
Honest E. Let us know when you find an attorney to take your case. I love covering my bases in both directions.
Ruellit, I concure with your assessment. See #1428. Woo Hoo!!
Only my opinion, but after years of observation, yes, I think the shorts have a losing position from 89+ days ago when they lost control of the SP before they could cover. So, take that 89 trading days and add another 5 trading days before listing which takes us back to the SP of early January when a huge spike down to .0125 level took place. However, short covering competed for shares with many buyers who considered levels below .03 to be no-brainers. Since then, shorters have been forced to average forward in order to raise the trigger price.
Similarly, short sellers forced the price down again following three peaks from late April to early May. Part of the current consolidation is a combination of covering from earlier positions while simultaneously buying and covering following the 3 peaks that form the recent head and shoulders pattern. Players in control of bids/ask will continue to box the price until they are flush, and MMs have accumulated enough shares.
A second reason for holding the SP at current levels is that AURC is once again a micro-cap by being below the $25mm cap aggregate. Micro-caps come under a new set of trading and reporting enforcement once the cap is over $25mm. Normally, I would be very concerned that there was a purposeful boxing of the SP to hold it below .24, but there is a sister company that has already emerged from the micro-cap area. The presence of NDOL confirms my suspicion that the price-boxing comes from outside the company, and is not part of the management strategy. Usually, when the strategy comes from within the company, it is the result of dilution that pressures the price downward. With AURC, there has been no increase reported by the TA over the course of the current consolidation below the micro-cap cutoff price.
So, to answer your question, no they need not force the SP lower (although this would be ideal fro them), as they have found that below .21 they start competing with real buyers. However, they do need to hold here until fully covered at the lower prices in order to prepare for the next short-selling oportunity, which I estimate to be in the .60-.90 range, depending on the associated news.
OK, I usually don't know what I am talking about, but it looks to me like we are in an extended consolidation. Yes the valuation makes no sense, but the 80+ days of Reg SHO listing does mean something here. The shorts can't seem to get that deep penetrating spike down that marks the start of a new bullish leg. Maybe that is what we are looking for. Whatever the case, shorts need to average over an extended period in order to cover without, or at a minimal, loss.
I think that NITE is one of the prime culprits in boxing the price in order to cover heavy short losses. I keep hearing from others that a couple of million dollars is nothing with these big money operators like NITE, but I completely disagree. They are very aggressive and refuse to write off losses, especially when those losses total above the 100s of thousands of dollars. I've watched how they operate too many times in the past not to recognize that they think nothing of killing a company to prevent short position losses when they believe there is no need to cover at a loss.
Rosso: "Ignore this poster" I suggest everyone push the same button. Rosso should have dropped the subject before it started.
DJIA is flirting with the psychological bottom 11,000. Penetrate that and the next support is 10,700. The DJIA drags the rest of the market with it. Except, perhaps, energy and metals. Waaa hooo.
Rosso: Then you are revealing information that was stated in private. I also would place no trust in someone who approached me in private and then posted my remarks on a public forum. Sorry, dude, you have lost credibility on both counts. Either you are a liar, or you have betrayed a confidence. Personally, I would take the liar.
“Then you should have died! Died, rather than betray your friends, as we would have done for you!” --Kathleen Rowling
“One should rather die than be betrayed. There is no deceit in death. It delivers precisely what it has promised. Betrayal, though ... betrayal is the willful slaughter of hope.” --Steven Deitz
Gold is up on the day, but AURC closes even. Still, things could be like F, GM, AAPL, PG, MSFT, BRK, AIG, GE... You get the idea. I'll take it, too.
Closed going up. Bodes well against the backdrop of nearly all other US stocks. I think this week EDEX will close out above .11, and base between .11 and .12. But, I've been wrong before. Once. When I was young and still in swaddling clothes.
Sun is beyond the yard arm, did I hear a cork?
rkor, thanks for that bit of dd. I hope someone has a contact for him so we can jumpstart this project. Seems to be bound up in the red tape of Sacramento and the governator's office.
I'm still here in the corner. Go ahead and turn out the lights, but leave the night-light on so I can find the toilet.
I think you did good at .06. Bid/ask is tightening without a drop in bid. Last week, trades went through at .04, so that looks like the floor. A PR, or even a rumor, will send the SP north, again. Also, look at the broader market. Way down across the boards, gold and oil up, metals and energy up or sideways. I think we are in the right palce at the right time.
Cal has an ethonal program already in place, and Calusa is surrounded by one of the largest rice producing regions in the world. Hell, one of the great food producing regions of the world. Lots of biomass to work with. And, the BS out of the state capitol, also near by, just adds to the raw material.
Well, pumpers are arriving and lining up on RB (Rabid Bull...) so I would expect to see a big pump next week. Then RB EDEX board should get its first resident basher the following week as speculation drives the pps back into the high teens or low 20s. JMHO 'cause I really don't know what I'm talkin' about.