is... a buy and hold investor of dividend US and Canadian stocks
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from americanbulls.com:
Today a Black Candlestick was formed. This represents normal selling pressure.
For more about this candlestick click here.
The last two candlesticks formed a Bearish Harami Pattern . This is a bearish reversal pattern that marks a potential change in trend. However, its reliability is low and it definitely requires confirmation.
Funny, I entered spinglefluke and that site does not even know what it is... you would think they would keep these sites up-to-date.
let's concern ourselves with more serious matters. This stock hit a low in late Feb due to a horrible earnings report. One thing about retail is that things do not change overnight. It is widely expected that the next earnings report will be poor as well, as although they have new brands in, they are still cleaning out their old inventory and the effect of the cost cuts and store closings will persist for awhile.
Based on that, the current stock price is not justified.
However, it picked up for no apparent reason other than hope, a general rise int he market, and wishful thinking after that report. So, maybe the same pattern will repaeat itself. Plus, this market upswing is about petered out in the face of the reality of the continuing recession. Understanding that, maybe there will be a buying opp once the next earnings report is out. Let it fall, settle, then strike. Having gone from a low of 1.00 to over 3.oo is one heck of a capital gain...
on the day.. I was thinking more like position trading... maybe a little longer term.. it has not been a bad day for the (Gerry) Springer fluke I admit that.
The Jigsaw defeats the Singlefluke after All! er.. Spinglefluke. Sorry Brig. After all you are the Master of all types of Springle and especially FLUKE formations.
waiting until after earnings would be a good bet, maybe a buying opp... reality will set in.
actually what we have is a REVERSE, INVERTED triangular "<" formation. what does it mean? have not got a clue.. let's ask BRIG!
so what is it now? just curious. I checked the news, it was not immediately obvious... did not see any news creating this...
wtf happened today?
The SpingleFluke can form over ANY duration. You should know that, that is basic charting stuff!!
But the Brig formation is usually limited to a 12-hour period and is typically an overnight pattern.
well, you can't get overly excited about this... the last time it did this it was just an exercise in frustration. You could buy at .02 now I would think. Just my .02.
Maybe.. jjjuuuuussst maybe... I see an INVERTED SPINGLEFLUKE FORMATION forming in the chart...
if this is indeed the case.. we should all BUY IMMEDIATELY.
are my eyes deceiving me or did APTD finally break out of it's firm grip on .02?
actually I just made that up after I came back from this horror movie.. and I think there are a few sequels too.
Don't mess with the jigsaw either.
not to mention the awesome continuation pattern.
honestly.. w t f k. who ,, the .. __ knows. at the end of the day, that is about all charting will tell you.
(despite the awesome predictive power of the previously though of extinct spinglefluke.)
damn th siminglefluke! type.. ah leave it.
oh... OK, well, maybe I am full of it when it comes to spingleflukes... I am going to have to research that more fully.
Actually, rumors that the spinglefluke is not extinct persist. The last sighting was off of the coast of Newfoundland around the turn of the last century (1900). Apparently they like cod and the Romans ate them as a delicacy.
If either one of you can prove to me that it is a spinglefluke or an inverted spinglefluke... I will admit my idiocy and...
NEVER POST HERE AGAIN.
btw, the spinglefluke was a whale-like mammal that became extinct thousand of years ago.
no way. A spinglefluke is usually characterized by high volumes along the negative gradient of the moving average. And the magnitude of the swings usually will result in mma in the hundreds, not dma?
what are you smoking>?
so it was at about 2.60 when you posted this... did you make $$ by swinging on this one?
Voila! Accurately predicted again...
hooray..!
I have found that the issue with charting generally is that the signal generated by the indicator tends to lag the actual price movement. That is contrary to what most books on charting say.
I have fouind the MFI to be about the most useful indicator. I used to use the RSI, but have found the MFI more useful.
Good luck.
For a few seconds there I thought you were trying to insult me as being an overly detail-oriented technical person. You mean "Technical Analysis"? aaahhh that is better.
Here is the chart:
The best I see it doing is a ">" stabilization pattern settling at about $2.50. This is a recovery from whatever happened in early March.
Let me know when you get over this fantasy of the NYSE compliance being a major stock price driver. In the meantime, I will take a closer look at the financials and come up with better ideas about what I would do about the non-compliance issue.
Did it ever occur to you guys that the NYSE may not be the right place for them?
I don't pick stocks in retail, I rather focus on technology, but I never found what I was looking for on the NYSE. The only tech stocks you find there are well-established ones that pay dividends like IBM. At the other end of the spectrum, the OTC market is trash. If you are looking for high-growth companies and capital gains the best markets are the NASDAQ and the TSX Venture Exchange in Canada.
In looking at their chart they have been a max of $25 back before the dot-com crash in 2001, and then they made it back to $8 in 2008.
Maybe the NYSE does not make sense.
I was just having a stab at it. you must admit, if they have a requirement to get Market Cap up, the first thing that pops into an investment banker's heads is not how to get the share price up. that is a function of themarket.
I am not an unemployed Corporate finance guy, so i really don't know what the solution is.
Again, lots of hitech companies have lots of cash. It does not seem to matter if they are not using it effectively.
I do not know their financials as well as you do... maybe between interviews I willt ake a look.
What makes you think that the stock price is in any way going to be driven by a need to regain compliance? The plan would be to get the Market Cap over $75M. If I were management the first thing I would be thinking about is issuing more shares, thereby diluting the stock and reducing the stock price. What are they going to do, issue a plan saying they are going to generate all kinds of positive "news" to get the stock price to an acceptable level or something?
I think this stock still has a ways to go... down!
Nostradamus
what do you base that prediction on?
Nostradamus.
well everybody has their .02, which is coincidentally what the stock is worth... so the profit potential is huge if/when they turn it around.. which brings me to the important question..
when do they report next?
I find it kind of ridiculous that you are making claims like that in the face of those numbers... if they are talking about their advertising business they are just saving face. Their core business must be dying.
Interpretation of revenue is according to GAAP. Since most accounting firms are reputable and interpret things the same way, if I am reading something like that and had to make a choice between believing a company's management and an accounting firm I would take the accounting firm any day of the week. An accounting firm is supposed to be objective. If a company is searching for a firm that will interpret things their way.. usually it is the company that ends up being wrong.
Well... my uninformed opinion tends to disagree, but it is uninformed. I would have to do considerable research to see if you are correct.. so for the time being I will defer to your greater experience.
well... I am reading between the lines a bit, but I would think it is pretty obvious. They are being nice to the accounting firm, but any other time I have seen this the case was that the accounting firm was doing their job and the company just was not willing to face reality. We will see how it pans out.
yes we will... but you are talking about since December? because those Q4 results from last year are really bad... do you agree?
I just read the 8k plus, if I am not mistaken, they released financials yesterday (Thursay) for the Q ended Dec 31, 2008.
Really bad numbers. I did not read it in detail, but someone posted that their advertising revenue was up. Well, it had better be because everything else is sucking badly, like their core business.
The 8k related to the BOD firing their accounting firm, because the firm is saying they may not be bale to continue as a Going Concern. That is basically saying they are done. Alphatrade is hiring a new firm as of April 16. That is pretty important and it is hard to say for the outside looking in who is right and who is wrong.
But this latest Q numbers are bad. Revenue way down, big loss..
interesting comment...
"how much for your wife? how much for our (oops.. your) daughter?"
excuse me I got to go and get my black suit and sunglasses..
KA... ?
this will be shortlived. Retail crap. Nothing beats the profit potential of a tech sleeper like BluePoint Data Networks (BLP - TSX Exchange). Slowly but surely getting ready to pop.
where is the link between these two stocks? are you dreaming?
lol... EOM