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On the high end I'd say it might fill that gap up towards .60, on the low end .40
Once CMIN can get past this .23 area resistance clears out considerably
GRNO is #8 on the breakout board today. Should be an interesting day...
Yup, plus we got that bottom on the daily at .076 (My other target for a potential bottom...had a bid down there but it didn't get filled...I feel sorry for the suckers who sold it down there). Tack on a nice close above the 9 day MA and we may have something here. Stochastics & ADX look good too, bollis should tighten soon. Ladies and gentleman, I think we have a winner :)
I agree. It may be too early to call it definitively, but yesterday's bottom at .079 was meaningful IMO from a technical point of view.
I'm willing to bet they expect a better return than that. I'll admit I was a bit worried when I saw the financing, but the price action on CMIN has remained bullish so I'm happy. With gold breaking out now (downtrend line snapped when it broke above 1340) CMIN should continue to do well.
Sorry Lowjack, 3 isn't going to happen today.
I hope so too, only so that the sellers can capitulate and get out. Plus at .015 buying PCFG is like taking candy from a baby.
It might be. It has the shape of a bottom to it, guess we won't know for sure until tomorrow.
It better...I'm already in an oil stock (GRNO) that does nothing but go down even when oil moves higher, the last thing I need is a gold stock that goes down when gold moves higher.
I think that's the first T-trade that brought the price up, usually they happen at the LOD. I can't believe this sold down today though, doesn't make any sense with gold moving higher. I'm done adding until the technicals improve. What happens next, they announce production and it sinks to .015?
I don't have a problem with it either. I'm content to sit and wait it out. Also, as I just posted, the change in law firms might be the reason for the decision to be quiet. It's all good, just giving me the opportunity to trade other names so I can buy more HLNT at the right time.
Legitimate questions IMO, and something the company needs to clear up ASAP if they want to attract & retain investors. More clarity by GRNO is exacty what is needed.
FWIW I don't doubt there are reasonable explanations for the differences but it shouldn't be a guessing game to figure it out.
Okay, that's a legit explanation. I hadn't thought about that.
That's a possibility but doesn't sit right with me somehow. I doubt public communication would jeapordize a settlement but it is possible the lawyers told HLNT to keep quiet.
BTW, I'm not casting aspersions on HLNT or Chad,just commenting that the legal matters shouldn't cause HLNT to cease communication IMO.
Yup, PCFG chart looks good, gold looks good.
I bought more PCFG today.
I agree it odesn't make any sense. The original lawsuit has existed for several months now (since the spring I believe) yet HLNT was communicating with shareholders freely. Why would they need to be quiet now?
I saw that as a possibility too, until I checked the volume on the last trade at .0049 yesterday. Only 1,000 shares so it's unreliable. Somebody painted the tape.
HLNT is back below .0045 (300 day MA), not a good sign for any positive momo.
At least that. Shortly afterwards, they announced that December was a record month with $600,000 in revenue so that probably pushed them above the $1.8 million mark.
I don't follow your logic. How do GRNO's cost increase as oil moves higher?. Costs should stay about the same while revenue increases.
Awesome. Thanks for the update. Definitely worth waiting for IMO.
In this one for the long haul.
Blue horseshoe loves JEDM :)
Thanks for clarifying, I wasn't aware they had all been sold, but looking back I just saw the October press release on that.
T-Trades. I think this may have something to do with it. Would make sense if it does. The second half of the conversion represents about 22 million shares hitting the market before March 5th.
http://finance.yahoo.com/news/Pacific-Gold-Corp-Agrees-to-iw-2766647511.html?x=0&.v=1
Press Release Source: Pacific Gold Corp. On Tuesday September 7, 2010, 3:19 pm EDT
TORONTO, ONTARIO--(Marketwire - 09/07/10) - Pacific Gold Corp. (PINK SHEETS:PCFG - News) announced today that it has reached an agreement to amend the remaining $220,000 debenture originally due to Crescent International Ltd. ("Crescent") on October 5th 2010.
Crescent and the Company have agreed that Crescent will convert the entire remaining balance of the debenture into common shares of the Company at a conversion price of $0.00495 per share (an almost 100% premium to the current market price), with 50% of the debenture being converted before September 30, 2010 and the balance converted on or before March 5th, 2011. The debenture has been amended to extend the maturity to March 5th, 2011.
I'm still on the fence. The big selling from a couple of weeks ago seems to have calmed down, but I don't see any real motivated buying either, not enough to break it out. HLNT may need to level off and let the moving averages become support rather than resistance before making another run at the top. Seems like breaking back into the .006s is going to be a tough nut to crack right now. Of course there is so much news swirling around with this one it could all change any day for better or for worse.
Obviously they do when they have something to say, otherwise we wouldn't know about the equipment on order.
I acknowledge the difference (it's the reason I have a bigger stake in PCFG than CMIN), but obviously the market isn't impressed with PCFG right now, not in the same way it is with CMIN. It may be that the market is waiting for PCFG to open their mouth about where they are at in terms of production. CMIN has been more forthcoming. Also, CMIN is sitting on a mountain of cash compared to PCFG. That always helps.
Good post, thanks.
Your numbers for CMIN are incorrect though, they just issued 75 million shares to retire debt and issued warrants for an additional 75 million more. So O/S is either 163 million or 248 million, depending on whether or not the warrants have been exercised.
I hear what you're saying about PCFG's market cap though, that's why I've been reluctant to add more until I see confirmation of an uptrend. Even with gold above 1300/oz they'll have to start producing quite a bit to warrant the market cap. Price action today leaves them in undecided territory. Look at the weekly chart, wedged right betweent the 20 week MA which is trending higher and the 9 week MA which is trending lower. Next week is going to be important.
I don't thing being on the pinks has much to do with it. The rest I agree isn't working in their favor. It's still a joke though, although I suppose the joke is on me since I own it. Seems like the only time this stock goes up is when it's backed into a corner. It'll pop again at some point, probably when the bollis tighten in a week or two. Maybe next week it'll trend a bit higher, that gravestone doji on the weekly shows some promise for marking a bottom.
Nobody even interested enough to try and paint the tape. Typical...
The real funny part is watching the ask get raised AH...as if anyone interested in buying thinks that'll hold come Monday morning.
Yeah I hear that, but obviously if oil goes substantially higher, GRNO's profit potential increases. I wouldn't think GRNO would spike on higher oil, but it definitely shouldn't sell off on it.
Oil up almost 5%, GRNO down over 5%...
Yeah, that makes sense.
I have such a love/hate relationship with this stock. Still long, but in utter disbelief over how weak the price action is. If oil spikes up over $100, GRNO should get a huge benefit from that, but morons will probably sell it down to the .07s again.
Correct.
I agree. Look at the price action in CMIN today compared to PCFG. The difference being that CMIN announced a test production run in the next few weeks. The uncertainty over when PCFG will be in production (I think they already are) is what is holding them back IMO.
You may be right. Either way way, the equip order was announced Jan 3rd, so we're in the 4th week.
The press release from December said that revenue had doubled and expenses had been halved. I don't see any reason why they won't generate a profit. My cocktail napkin calculations say .013 EPS for FY2010, obviously only a rough estimate and based on incomplete information.
Great price action today. CMIN was holding up steady when gold was going down, now that Gold is bouncing....Wow!
2 max. This is the 4th week since the press release was announced, and the key wording was "within 6 weeks". Also, it's highly likely the equipment was ordered before the new year for tax purposes. Could arrive next week for all we know.
Agreed. If that's the worst thing that GRNO is guilty of, it puts them light years ahead of most of the companies listed on the pinks.
Audited quarterlies for 2010 aren't unrealistic given that BDH is going to have to review the entire year in order to audit the 10-K. I wouldn't expect that GRNO will provide audited quarterlies for 2011 though, as that would incur the extra time and expense you're talking about. IMO you're making a mountain out of a molehill.
I'd like to add more as well, but I have enough at this level. Now I'm either waiting for breakout confirmation or a big enough dip to put more cash to work. The weekly chart shows PCFG at an important pivot point IMO.
Not yet it hasn't. It's close though, but we'll have to close the week above .089 at least. The daily stochastics look encouraging but there have been plenty of fakeouts in the past few months for those to be reliable.