Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Well there should definitely be buying pressure in the morning, and I think it can goto 3 cents very easily, after which I'll be looking for the MM"s to start covering their shorts.
Good luck to you...hope this pops :)
BIBO: Did anybody else notice the 3,300,000 shares @ 0.017 at 16:12 after market? Seems to me like theyr were shorts by the MM's. If all goes well and the stock price shoots up, they should be scrambling to cover their shorts at some point. My guess is, that will be when BIBO hits 0.034...I think that they usually start covering when the stock doubles their short price, in this case they shorted at 0.017, so they should have to buy back 3.3 mill shares at 0.034. Thats just an educated guess derived on observing these suckers! I've been right before about this before, hope I'm right this time too!
BIBO: No, you're not wrong. However, its an OTC company, of course they aren't making tons of money, otherwise they'd be in NASDAQ. Most OTC companies which we trade have negative financials. If you trade based on SEC filings, thats ok, but i dont see how that works in OTC stocks. Money is made in OTC stocks by riding the momentum. Get in when the stock starts moving, and get out at a certain point along the ride.
BIBO: Mach, hows this for an undervalued company? Check this out:
-Their stock is under 3 cents,
-They secured $10 million in financing this year
-Float is in the range of 15-20 million
-They have launced a digital showroom, they presented their product (clothing & apparel) at the famed trade show MAGIC in LAS VEGAS, they distribute their product through stores such as Walmart, TJ MAXX, 7 th Avenue, amongst others, plus theyr on a major marketing campaign. They have no negative news as far as their business is concerned.
Check it out and tell me what you think.Good for an easy profit on monday?
http://finance.yahoo.com/q?d=t&s=BIBO.OB
BIBO: 150% up, and exhibiting breakout characteristics. Its just touching the upper bollinger, typical of a breakout about to occur. The MACD hasn't crossed the zero line yet, and RSI is around 50, showing this stock has a lot more potential before it reaches its high. Its still under 3 cents, looking at the charts, it should close higher than that on Monday. Good for a quick profit IMO.
News on BIBO:
http://finance.yahoo.com/q?d=t&s=BIBO.OB
BIBO: ok lowdawg, checked into what ur saying, and i think ur fairly correct, my bad. For calculation purposes only, If BIBO is at 3 cents, there will another 1.6 mill into the float. After the MM's short 3-5 mill shares on an average, to me I guess 1.6 mill is not much. Whichever way you look at it, as long as the float stay around 15 -20 mill, its all good, still a low float for a penny stock. As long as i can make money, I'm still playing this. (which is why im into this game)
As for long term, well I only believe BIBO can be a long term play, looking at what they got going on for them. $10 mill in financing, launch of a digital showroom, brand promotion, effective distribution channels etc. And when i say long term, I only mean a few months. But that's just an opinion. I also read on another board that theyr gonna launch a new line of brand apparel in August... this i have to confirm, but i don't see any reason for it not too be true.
After looking at most other penny stocks that we play, I just thought BIBO has some good business idea and implementation going, on a comparitive basis.
EVO stock hippie lowdawg, u guys are hilarious
i donteven know what to say
lowdawg, thanks for the info on BIBO. I've already dug into that, and what you're saying is only half the story. If you read the rest 10Q carefully, you will see that they did several conversions after March 31. The 15 million float figure already takes into account all these conversions.
Point being, 15 mill is still a low float, and a quick gain is on the cards.
As for BIBO being a long term hold, if all/most of the conversions have been done and the company actually has $10 mill in financing, plus let's not forget theyr making serious efforts to succeed, as you can see from their news releases, I think there's a chance that the company will be in a much better position than it is today. Right now its trading at 2.5 cents, if all its efforts succeed and the debentures are completely finished, I think this will be trading at a much higher level.
BIBO chart:
Notice the ballinger, seductively being teased :))) Coming breakout this week?
BIBO: Seems to be one of those rare OTCBB companies that actually seems to be making hard efforts to succeed. (BIBO's into making, marketing and selling of branded/non-branded apparel to lucrative age segments)
Did some DD last night, and these are the discoveries, as to what BIBO is and why it might be a lucrative play:
i) The stock has approx 14.8 mill in the float. For a stock @ 2.5 cents, thats a pretty thin float. Buying pressure causes it too burst into an intense ride quite easily. So it meets the criteria for a lucrative profit in quick day/2-3 day trade
ii) For the long term traders, or those who wanna play it safe by investing in a good company, BIBO seems to be in an excellent condition. Reason:
-They secured $11 million in financing a couple of months ago, which is a lot of money to effectively implement business ideas, and last them for quite a while, -They marketed their apparel at a trade show in Las Vegas, and it was successfully noticed, and they launched a hot website for their brand apparel. This implies the company is seriously making efforts to promote their business. -They'r distributing their products (clothes) through major retailers such as TJ Maxx, Sam's Club and Walmart, amongst others. So their distibution channel is definitely effective and smart, since they piggyback off retailers that have millions of customers a day.
So overall, the company's business plan looks solid.
iii) Their stock used to trade in the 20-30 cent range, back in February. The price started moving down becuase they were convering certain CD's, but I believe they've executed most if not all the CD's which means no more dilution, the float stays at approx 15 million when trading resumes on Monday. With the CD issue out of the way, the interest is back, and buying pressure is building up. There is a possibility that, we might see BIBO heading back to its normal trading range of 15-20 cents. If that happens, we all know how happy we'll be :)))
iv) For the chartists and hard core believers of tech analysis, we can see consolidation near the upper bollinger, which implies an impending breakout. All the indicators also showing potential.
Good luck to all, I'm hoping this will pop this week. :))))
WLDI: this could be good, only thing is i see a lot of dumping all the way till 12 cents, from those who bought in earlier
TFCT: Some unusual buying yesterday:
BIBO: mad potential in this one. Just touched the upper bollie today, still under the 200 DMA so there's potential, MACD, WIlder's both showing plenty of untapped potential, in the sense that further buying can cause it to go higher. Still doing weekend DD on this one, let's see what happens
ITCV: went up nicely today, looks well poised for a breakout, dont know why its happening, but will check it out
ITCV lvoley today!
Nice try !!! LOL !!!!!!!!!
:))))))))))))))))))))) patience is a virtue
and unfortunately i dont know you :)))))
UVCL dissappointing, I still made it out witout losing, but definitely not the way i had expected this one to go. Beautiful while it lasted
missed ONEV? i know how that feels, its all good, covering up for it on UVCL, hopefully
hey exactly, its all part of the game...as long as ur making more than ur losing, its all good IMHO :))
ONEV, TALL and UVCL are probably the highest movers in the last few days. Good stuff :)))
UVCL: ok this is what i think is gonna happen tomorrow. From watching level 2's in the last half hour, it seems to me that the last buys were short coverings, at least thats what it seemed tome. IMO the short covering should continue tomorrow. Omni was right about the 0.02 resistance being a breakout point (of course, no doubt there) and i believe I was right abt the short covering happening at 0.03. So basically tomorrow, there should be a pop,and the bull should be loose!
Good luck to all!
Dude, if thats the case, and BB's penny board is so unimportant despite being featured on the home page some time ago, and if stocks like UVCL and ONEV and how many others in this boards history are so useless, then its simple: GO DO UR OWN PICKS!
UVCL: blowing up, moving up real fast :))) time to get on before the pop!
UVCL: yep lunch time it is. I'm not worried, coz when lunch time hits all OTC stocks go quiet. and the reason im not worried is this: After first pullback, it went to 0.022, then ponced back up to 0.029, within i believe about 30 minutes. Now its holding strong at 0.024 x 0.026, at a slow dead hour like this. IMO, its a good time to either get in or average down, because if this closes anywehre near 0.03, which it should, the MM's should have to cover tomorrow, leading hopefully to a pop.
UVCL: damn this board is active! Right now, as every trading day, lunch time, trading is slow. UVCL went back to 0.022 on the first pullback, was back upto 0.029 within half hour. IMO, the day should see a hot close, in the last half hour or so. I'm very happy this went the way it did, I know plenty are holding this here, so all the best and may the bull be with you!
UVCL: well it started to move back up, 0.027 x 0.029....so i could be right :))
UVCL: ok this is what i think is happening: in the morning, stock moved really fast, and im sure that when by the time it got to 3 cents, many people must have had to change their orders a couple of times to be able to get in. While the stock was moving, i think people had their orders in for 0.022-0.028 cents. Then it hit 0.03, and the MM's stopped started playing games.
Now the pullback is in motion, and people getting in at 0.022, including myself averaging down. Basically i think that as people notice, this stock is gonna close high, and i think there's a possibility that beyond 0.03, this will pop. Why? coz i saw the MM's were trying to play games when UVCL went to 0.03, I think that might be their breaking price. If they are forced to settle tomorrow, causing a buyback, me will be one happy girl! Holding my horses to see what happens. All the best people! :))
UVCL weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
UVCL: I told u so!
thank you! I'm waiting for the UVCL pop, hoping for a good run to 17, even close will be good. NOw if my freaking level 2's would work!!!
thank you! Omni had said if UVCL broke past 0.02, then it will be a breakout, so breakout it is! :)
UVCL level 2;'s please?
hye UVCL? my level 2's are crapping out
TIA
Good luck to those playing UVCL, hope them MM's have to cover their shorts sooner or later, and hope for the pop. By the way, Americanbulls rated UVCL a BUY:
http://www.americanbulls.com/StockPage.asp?CompanyTicker=UVCL%20%20%20%20%20%20%20&MarketTicker=...
I sure hope so!
lol
EVO's waiting for my pic..UVCL howz that..hehehehehhe
UVCL chart check: Just checking to make sure the breakout indicators are in place :)))
Me good, just excited about tomorrow, :))) starbucks huh? i luv their tazo chai!