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Yes, watching very closely. Really depends on Monday's open. This one seems to have good potential, unlike most stocks at this level. lol
Woah. I'd say that's a good sign.
TOFS is a favorite for some time now (thanks to Leonidas). Surprised I haven't missed the OTCBB uplist.
Not currently. Been watching it for several months. 0.012 was a good price.
Nice gap up on Friday. MACD moving positive.
I forgot to post specifics on the gain. Bought in at 0.006, averaged down a small amount at 0.002, R/S moved my buy-in prices to 0.6 and 0.2, sold a small portion of my shares on Friday at $1.00, and sold the rest at 0.65.
While I contemplated whether 0.65 would hold and move higher or buckle and drop lower, 2 things were going through my mind:
1. Losses unsustained hurts less than profits gained. (Or, better to gain a smaller profit for sure than a riskier, larger profit.)
2. The 1 minute chart for the day indicated that the pps would continue downward. I decided to go with the chart rather than trust any of my instincts (which would have been wrong probably).
The lesson learned from FAVE is, when dealing in the pink sheets, wild circumstances can arise. Therefore, it might be helpful to research the company a bit before investing off the chart purely (common sense). Still, I don't think there were many indicators from FAVE that it would tank. The only real indicator to me is that the symbol change had not occurred yet and the A/S were 11 billion. In the future, if a company has such circumstances, one should be wary of a possible R/S. Also, it would be wise to check the daily list (on OTCBB.COM) in such a circumstance to provide early awareness of problems such as an R/S. The pps tanked after everyone found out about it.
I intend to post new picks on Sunday.
Got out of SMEV today, fortunately, right before it sunk. Actually, I managed to get out right before the 0.65 support disappeared. I ended up positive (+34%), but let's call this one a break-even since a significant amount of volume (almost 20,000 shares) were sold at 0.65 and I called the buy ~0.60 (0.006 before the R/S).
Another thought, I have shares in another stock that recently had a symbol change and R/S. It's been over a week, and I still can't sell those online (reads, "call broker"). I'm not in any hurry to sell that one. Therefore, I've been waiting to see how long it will sit like it is. SMEV seems to move more quickly than this other one.
Dump at 0.25 hurts...
It seems some brokers are faster than others, unfortunately. This appears to be the primary reason why the price sharply jumped... most people are still probably unable to sell at this stage.
.006 x .007
Scottrade is displaying a graph of the sales. Outside of that, http://finance.yahoo.com will show a delayed graph (not very useful). I'm not sure about a free service that isn't delayed.
Yipe, bid just dropped to 0.13. Apparently, the support at 0.65 is now gone. Hmm...
Curious to see how long the support at 0.65 lasts... somebody is buying quite a few shares there...
G'morning, all.
. (dupe msg posted, please delete)
SMEV +50% on today's open. +40% right now. +400% on yesterday's close. R/S doesn't seem to stop this one.
SMEV +400% yesterday and +50% on today's open. R/S seems to have given it some momentum.
Nice open. $1.5!
Incredible gap up today. Usually, pps movement supposedly proceeds in the direction of the gap. If this holds true, we should see higher trades tomorrow.
From: http://www.streetauthority.com/terms/gaps-candles.asp
A genuine "breakaway" gap will often not be filled for weeks or months (if ever).
Incredible gap up today on SMEV. Usually, pps movement supposedly proceeds in the direction of the gap. If this holds true, we should see higher trades tomorrow.
SMEV, recent 1:100 R/S and symbol change, broke out for 400% gain on $1,000 volume today (see http://investorshub.advfn.com/boards/read_msg.asp?message_id=26086295&txt2find=smev+ ). Low float after the R/S. <1 million outstanding (closed at $1). Might be worth a look tomorrow.
SMEV... Noticed the jump in price today to $1.00. NICE. Very curious to see how this goes tomorrow... there really aren't very many shares outstanding now... <1 million. This could get out of control and quickly fly.
Hey, on the charts, I suggest stockcharts.com.
What I do is just past this into a web browser (in the address field up top) after changing the symbol:
http://stockcharts.com/c-sc/sc?s=SMEV&p=D&yr=0&mn=2&dy=0&i=p32904265710&r=4114
See the symbol SMEV in middle of the link? All you have to do is change that to whatever symbol you want, paste it into your browser's address field, and you have a 2 month daily chart.
See where it says yr or mn or dy? That's year, month, or day. Right now, you can see mn=2 and the others are 0. That's why you see the 2 month chart. I can change the 2 to a 3 and get a 3 month chart.
Hope this helps. I'll try to post something soon on gaps.
Posting new chart of SMEV (formerly FAVE). Very interesting harami cross indeed. LOL. I'm kidding of course... 0 volume.
SMEV
I'm fairly certain the new CEO sold discounted shares for his "private funding." This is my opinion on why the price dropped. Not sure about the bottom. This is why I exited the stock. It burned me pretty bad.
FAVE burned me badly as well. I didn't expect the 1:100 R/S.
From: http://www.executivedisclosure.com/executives/126319/860131/James-A-Ditanna.aspx
Mr. Ditanna is a graduate of Drexel University, Philadelphia, Pennsylvania, receiving a Bachelor of Science degree in Business Administration with an accounting and taxation major. Mr. Ditanna graduated from the University of Pennsylvania with dual masters degrees (MBA/MGA) magna cum laude. Mr. Ditanna is also affiliated with the American Financial International Group, which has offices throughout the United States and in London, England. Mr. Ditanna was Chief Financial Officer of Nexmed, Inc., a publicly traded company; a Director of Ideal Accents, Inc., a publicly traded company, he is a significant shareholder in Azur Holdings, Inc. (AZHI.OB), and is Chairman, President and sole Director of Dynasty Energy Resources, Inc.
Yes, dragonfly doji is nice, tends to indicate upward momentum. MACD now very positive. Very curious to see the action tomorrow.
CLME Followup - The pps got all the way up to 0.105 several times. Since this is likely the buy that would've occurred on the 10th, I'll call this a break-even.
CLME followup -
This one is tough to call. It opened above the prior long real body's close and hung there all day until the last seven minutes in the day, when it dropped to 0.08 (-33% from doji). Strange enough, 2 after-hours trades occurred: one at 0.09 and another at 0.10. Therefore, the after-hours close is actually, 0.09. This would still warrant a sale. I would either have not jumped into this or sold due to the lack of movement in PPS throughout the day. That's just playing it safe, however. We'll determine the actual loss for the board tomorrow at the open. If the open is anything above 0.095, I will mark it as a sell (with a loss, if necessary).
Another point I would like to add is that the MACD is very negative on this stock. That may be useful in the future. If there is a high negative push on the MACD, it may be unlikely the force from the harami cross will counter.
From a prior post:
If the pps closes below the prior long real body's close, sell, even for a loss, as the trend is likely to continue downard.
Bullish engulfing pattern formed. This is after a bullish harami cross (formed 12/31) and a nice hammer (developed 1/4). All roughly occuring within 1-1.5 weeks.
Surely, the above indicates we're either now in a bullish reversal or very close.
Unfortunately, this ticker sometimes is quiet... for months.
Bullish engulfing pattern on FAVE. We'll give it a few more days before I jump out. MACD is now positive.
CLME
Let's see what this does over the next few days...
4 days after call, +32% on USSU. Nice. Buy in at 0.73 1-3 days after the call, and sell at today's close, 0.97.
I have no idea.
This may have already been posted, but here are the two patents FAVE lists as worth $120,000 in their unaudited financial data from late last year.
Device for Determining Distance and Transmitting Data in a Motor Vehicle:
http://www.freepatentsonline.com/6913572.html
Spa Capsule:
http://www.freepatentsonline.com/6913572.html
The Spa Capsule patent is interesting as it provides good detail on their apparent primary product.
I've heard big volume at the close means shorting. However, I suspect this is rarely accurate.
Thanks! I pop in occasionally and really like that board. There are many people on iHUB that are MUCH better at examining charts than me. :) I try to learn as much as possible by reading through the forums.
There are a few other shells in which Ditanna had his hands. These are posted on the AINI board. In both cases, if I recall correctly, an R/S occurred. However, I feel like an R/S will not occur with this one due to the low float.
Would they change the symbol without a buyer? Surely, the symbol is usually named after the buying company. Seems like extraneous red tape to change it before knowing the buyer.