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It is all a matter of trust now...you lose investor's trust and this is what happens!
Comstock better pull a rabbit out of a hat or this is going back to penny land.
I am disapointed but not as much for myself as I am for others who I encouraged to invest in the Comstock Mining Company (LODE).
Personal research (DD since '07), previous forcast ('10), price action showing investors bitting at the bit, huge run up in the price of gold reinforcing supply and demand, promise of productions reiterated ('11) all gave the green light...if you think this is a disappointing dip you wait to see the drop if they don't follow thru on promises made for next year!
Maybe I should apply for Hotel Mgn position.
Years ago I was a night hotel mgn for Super 8 while studing for Real Estate examine...surely nothings changed!
I've been wondering the same thing? Its nice to see the strength in this support level.
Are we going to use the excuse of being tide-up for the winter again?
Makes you wonder...
I know..there are investors who will PUMP this stock with the right PR!
I wouldn't think DTC would have any reason to postpone business (stock trading) as unusual for SFIO now that this is over? Would you?
They're under different rules now...they need to be careful!
Another head scratcher!
How can the price of a stock be .14 and there is consecutive buys/purchases of 1000 shares each at .14 for two days in a row and those orders are filled - with NO record of sells, NO records of shorts-sell with a conclusion of a sum total volume at 2000 shares and the price remain the same?
How can a stock be held back with no record of shorts or sells?
At times I have seen the Bid a little higher and Ask much higher than current price..(?). Ex., currently the price is $2.06 with the Bid at $2.09 and Ask at $2.20 and remaining as such for some time now.
I missed that 101 trading class..comments anyone?
Maybe this is what their hoping for. "Return to Gold Standard? Why Price Would Hit $10,000"
http://www.cnbc.com/id/44891595
Someone's nibbling...interesting...
My suspicion: we'll see a lot of this kind of action til the LOCK is lifted..I don't like giving advice to others so let me just say I'm NOT doing a thing till this LOCK is lifted!
My Position: I have a good base with an average .03 and that will have to do til this thing is lifted. Diversify is the name of the game. Putting strong support in both precious metals and certain holding companies with proven records/solid managed/growth that will provided a promising future as this economy turns itself around. And it will this is nothing new to the stock market.
My Views on SFIO and personal goals: I think SFIO has a unique product with real potential yet a speculative LONG-TERM investment none-the-less. My vested interest has been only what I can afford to lose. If the company doesn't fold or reason to execute those 200 to 1 splits that so many other penny stocks seem to create (prior to AMEX approval) then I stand to make a substantial profit of which I likely will remove a 1/3 from the table to pay Caesar, tithe, dine and reinvest.
Considering I stand to make more from her success than a tax write-off - I will not stress which ever direction she goes.
Life is too short as it is!
Regards
Concerning your "sneaking suspicion" sounds more logical as the AM progresses.
But if this turns out to be another pump and dump I pity those involved…if FBI/FTC/SEC what ever shook down the previous culprits you'll surely have no place to hide!
Our Canadian investor either knows something or this is just another pump and dump.
Currently we've got a %55 chance to turn bullish. This stock is way oversold. And even though gold is slightly upward I think investors have a lot of concerns.
"3 DAY CHART ALERT -10, Strong bearish 3 day chart pattern.
-1, Not significant 3 day distribution
MONEYFLOW -1, Not significant bearish 1 day moneyflow by 1:25 pm ET (15-20 min delayed),
BREAKOUT WATCH for possible breakout above 2.06, no resistance in area just above.
Type: Continuation breakout from single resistance.
Target: 2.38, 22.1% Stop: 1.83, Loss: 6.2%, Profit/Loss ratio: 3.6 : 1 - Excellent
Breakouts are an exception to the normal indicators which can at the same time indicate bearishness.
Breakout stock patterns
BREAKDOWN WATCH for possible breakdown below 1.91, no support in area just below.
Type: Continuation breakdown from single support.
Target: 1.59, 18.5% Cover: 2.07, Loss: 6.2%, Profit/Loss ratio: 3 : 1 - Good
Breakdowns are an exception to the normal indicators which can at the same time indicate bullishness."Stock Analysis/Stock Charts
http://www.stockconsultant.com/consultnow/basicplus.cgi?&symbol=LODE
What are the concerns...volatility for one...what controls volatility and other concerns you'll have to do your own DD!
Obvously in order for buyers to give their best offers they are waiting to see what becomes of the conclusion of the Euro debate/vote.
I think everything hinges on its outcome and how the market will react to their solution (will it be a long-term or short term fix).
If the Euro dollar stays in tack then the Euro Union will likely continue and Poland for example may give in to joining among other good things. Reaction to that success will obvously determine the direction of the US dollar...which will give the buyers a reasonable outlook of a relative price for MXSG cables.
The price of MXSG is getting very tempting...they obvously have the goods...hummm what to do..
Margin turns a speculative position into a rotten miscalculated gamble when you consider the economic situation this country is in!
Modesty forbids me to mention the name of the ding-dong who estimated that surely we would hear sometime of production by now. As if that would make a difference…next time you come across this guy he really needs a swift kick in the @$$!
There went a chunk of change! AAAAAAAAAAaaaaaaaaaaaaaaaaaaaaaaaa!
Dang it, dang it, DANG IT!
Sweet isn't it!?
O' Yea! And it will have been worth the wait!
I've been here with yea...
Wait time can be frustrating!
However, with reviewing their progress and trying to see things/the business and everything involved in opening a mine to production. .I've decided to accept this as a necessary time delay... and reactivate my own little accumulation phase.
I know this time next year I will have wished I never stopped!
Did you hear latest analysis on CNBC projecting the price of Gold topping $2,400 an oz in the next couple of years?
I've recently rolled over my employee Stock Options plan in purchasing LODE and still adding.
In reviewing the charts I want to believe you are correct...and I am deeply grateful!
The only one I see at $2.20 is the November '10 and that was filled.
PRICE 2.75, -0.11 pts (-3.8%),
Wednesday 14 Sep 2011, 12:25 pm ET (15-20 min delayed)
-7, strong down from yesterday's close.
Daily typical price range from yesterday's close : ± 0.09 pts, ± 3.2%
1.5x: ± 0.13 pts, ± 4.8%
2x: ± 0.18 pts, ± 6.4%
86% of the time a stock's intraday price remains within the 2x range.
VOLUME 137.1k shares, +196% compared to
typical volume of 46.32k by 12:25 pm ET (15-20 min delayed).
High Volume alert!
Typical daily volume is 105.3k shares over the past 6 months.
Overall Summary A summary of bullish and bearish indicators. Summary Help
Should only be used as a general guide. Please look at the indicators for more detailed understanding.
BULLISH Probability - Intermediate trend possibly bullish, Sideways trend near lower support.
Confirmation - at support
BEARISH Confirmation - Strong bearish 3 day chart pattern with Extreme 3 day distribution.
Confirmation - Extreme bearish 1 day moneyflow
SUMMARY 1 bullish probability indicators. 0,
1 bullish confirmation indicators. Neutral, short term (1-6 wks)
---- 50%, Bullish
2 bearish confirmation indicators. 50%, Bearish
RALLIES/PULLBACKS Typical: 19.6% (0.54 pts) stock price move occurs 25% of the time.
** Current price area Extreme: 25.5% (0.7 pts) stock price move occurs 5% of the time.
Position Indicators Indicators for positioning trade entry and exits. Position Help
1 DAY PRICE CHANGE -7, strong down (-0.11 pts, -3.8%) from yesterday's close.
SHORT TERM DIRECTION -6, pullback.
OVERBOUGHT/SOLD -6, Near Oversold, odds slightly favor long trades.
1 MONTH TREND 2, Mild Up trend.
INTERMEDIATE TREND 5, possibly bullish,
** Past 4 months Sideways trend near lower support.
RESISTANCE/SUPPORT 2.75, at support, 2.81 ± 0.09, type double, strength 4
Res/Sup Help Resistance Above : +9.1% at 3 ± 0.1, type triple+, strength 10
Support Below : None.
Timing Indicators Indicators for timing trade entry and exits. Timing Help
3 Day Chart Alert analyzes over 120 three day candlestick patterns!
3 DAY CHART ALERT -10, Strong bearish 3 day chart pattern.
-9, Extreme 3 day distribution, occurs 10% of the time.
MONEYFLOW -10, Extreme bearish 1 day moneyflow by 12:25 pm ET (15-20 min delayed),
occurs 5% of the time.
BREAKOUT None.
BREAKDOWN WATCH for possible breakdown below 2.72, no support in area just below.
Type: True breakdown from double support.
Target: 2.31, 16% Cover: 2.91, Loss: 5.8%, Profit/Loss ratio: 2.8 : 1 - Good
Breakdowns are an exception to the normal indicators which can at the same time indicate bullishness.
It was on mine this morning thats how I found out. Now I noticed it has been removed.
Just a little curious...how did we jump .04 around 10:00AM with no volume? I’ll take it just wondering how that came about.
I pinched off a little more at .15.
Interesting..wonder why..its in the portfolio news section but not the e-trade-pro news brief.
I'm in!
And then there were twelve!
Thanks..been reviewing the video's reading the 10k etc..just bought me a pinch! Thanks for the tip!
Been buying more LODE the last couple of days also! :)
I know I need more about them and currently doing so..care to offer anything to my DD?
Thanks for the update!
Good post..LOL...as far as I see it- its not over til its over.
Anything could happen. My experience is that this thing will drop to much of nothing if SFIO or DTC doesn't give some PR/hope that this thing is about to be resolved.
Surface gold all but gone CNBC special reports explain..you would think investors would be backing up the truck on this one.
I guess they would rather chase it!
Are we a defensive play for the market?
Just got to love it!
Well I am no one of authority so don't look at me.
I do believe however those if the DTC was letting this thing go to ruin it would have happen by now. But this is a viable company with a legitimate business that investors have interest in and a product that the market has a demand for.
I think Naked Shorts are holding their positions until they are discovered and that the fine doesn't off set their profit margin in the least.
I'm under the impression that the bounces we are seeing are just that - shorts covering..NOT naked short positions because there are shares to cover these short positions! My understanding is that the drop we've experienced was from naked short positions discovered forced to cover, fined, but because there were no shares to cover for those positions the stock price fell hard! That and among others who just wanted out before the total lock down and who can blame them?
One other thing to consider (my assumption) is that the short position covered today wasn't a forced issue by the DTC...I believe they simply believed this was the end of the road and took profits before this thing bounces...which would have been on news that the lock down is being released.
That’s my hopes at least.
Looks like someone got kick off the ship and others brought aboard.
I think the powers at be are making things possible for this company to be a success if you ask me.