is ... YES - Another Profitable Day!
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The timing is not right just yet to buy DPBE. It just broke down out of large descending triangle formation and shows no signs of price firm support just yet. It could find support around $0.0025 or $.0002 but, it's way too early to know that for sure.
I do not believe that DPBE (Deep Blue Marine) http://alldeepblue.com/site/ is the same company that ORRV signed an agreement with. I believe that ORRV has an agreement with Deep Marine Salvage http://www.deepmarinesalvage.com/#!
Oh! Yes, that can happen. So, you are saying that ORRV bought the SHELL and then changed the name and reissued shares? That's possible, I suppose.
It seems to me however, that if the shipwreck finds are real, and the manifest information is real, and there is known cargo down there that would be worth funding a salvage operation for, then somebody will eventually show up with the money to launch the project. Think about it! IF I came to you with a will researched project and had some kind of evidence that there was a minimum of $2-Billion that could be recovered, and could show you more that one wreck site so you could see there was plenty more in the near proximity of that shipwreck, and we knew where that was as well, as long as there is real money to be made, somebody will fund the project. So, it still looks like a worthwhile speculation to me.
A consultant is hired because it is their specialty. Afterward? I didn't need the money anymore so I retired and became a full time investor. You see I paid attention while I was there.
In 1995 ORRV had a different name and different symbol but when you look up that 1995 company by it's new name and new symbol, you are connected to the archives of that same company's historical data. I was a consultant to NASDAQ for crying out loud! I know how their archives work. It makes no sense for them to link same symbols together. They link same companies together regardless of symbol changes or name changes. It's all spelled out in all the paper work for the company when it changes it's name as well. I think some of you guys just imagine how you think things work and then get excited about the idea so you post about it. But, regardless of the name or symbol back in 1995, I sure would like to know the story on WHY that stock was worth that much at that time.
That's right! Same company, different name and different symbol. It's the same old book by any other name theory? Get it?
Well Spinner if what you say is true, why in the world would they bother to do any PR at all on any of their projects? What benefit is to to then company to do that? Oh yeah, the NASDAQ archives follows the history of one company no matter how many name or symbol changes that company goes through and they always relate it to the current company name and symbol. I can understand why you did not know that. The only reason I know that is because I was a consultant to NASDAQ for almost a year.
What you are saying does not make sense. According to NASDAQ, ORRV has gone through name and symbol changes but the history of the stock that they keep in their archives is for the same company regardless of the changes it has gone through. If ORRV had no previous history, it would not be reflected at NASDAQ.
Perhaps you should have investigated the link in my post. According to the NASDAQ, what I said is true. If the company changed it's name along they way, or reorganized or whatever, NASDAQ still sees it as the same stock! It's all on the charts for ORRV that are available on the NASDAQ web site. I didn't make it up!
ORRV Trivia - Did You Know That - On December 31st, 1995 ORRV stock price closed (and NO, THIS IS NOT A TYPO it came directly from the NASDAQ web site) at $81,294.52 per share? ARE YOU KIDDING ME??? I have no idea what happened back then for the price to go this high and I do not know how many outstanding shares there were at the time or what the PE Ratio was or any of that other good stuff but, at one time at least, this stock was a huge high flier! On June 30th, 1997 ORRV closed at $26,224.04 per share and on July 31st, 2003 ORRV closed at $2,097.90 per share. You don't believe it? Check it out for yourself - http://www.nasdaq.com/aspx/dynamic_charting.aspx?symbol=ORRV&selected=ORRV - Today, I am told that the number of outstanding shares is slightly less than 1.3 Billion. So for the stock to retain a price of $1.00/share at 20 times (conservative) earnings, they would need to show a net profit of $260,000,000 and if, it's true that the estimated cargo on the 5 ships in International waters is $1.2 billion then maybe after adding in all the other shipwrecks and assuming they get a good deal on their share of the profits, I suppose we could see more than $1.00/share eventually. The reality is that when the news hits the street about result from a salvage operation there will be hundreds of new traders discovering this stock for the first time who know little or nothing about the company or fundamentals and they are likely to drive the price per share up to 100 times earnings or more before any earnings are actually reported. So, no matter how speculative this one is, it still looks pretty good to me.
DNN Had a real nice day today! Looks like a Key Reversal day for the bulls. I'm also watching URG and it currently shows a small ascending triangle that could easily break to the upside and retest support around $1.85 or so.
Do they need them for that International Waters find?
I love technical analysis! If you want to learn from a master, get John Murphy's book on Technical Analysis. It's great! But, do your own research and see what works for you and then use that. Murphy gives you all the stuff to know but, I only use a small subset of what's in that book for my day to day treading. Knowing it all however gives me things to go to for confirmation when my own analysis is indecisive.
Looks like SIRI might want to rally next week. Only time will tell.
Strong Bullish Technicals - Nice divergent buy signal on this chart, and it's confirmed by the recent move up in price. The chart should form a nice uptrend now but, there would be a danger in the price rising too quickly. If that happens, profit taking will likely come into the market and a price correction will take place to bring it back to where the trend line would have been had it risen more slowly.
I believe the time if finally right to buy this one. I can now say it's a low risk / high probability of success trade. Whadayathink?
You say ... "so many other factors involved ... that you cannot predict" - I agree with that! But, that is exactly why you need technical analysis.
The chart patterns and the Technical Indicators collectively give you a clear view of what is happening with the price of the stock. And, as an investor, the most important thing is the price of the stock, is it not? Since (as you say) you cannot predict or even know what all the other factors are that have an influence on the price of a stock, doesn't it make sense then to study the price of the stock itself and how it behaves no matter what the other influences are?
Recently on another board here at iHub I noticed a rising wedge on the chart. Usually that is a sure sign that prices are about to collapse. At the time some 95% or more of all the posters on that board we very excited about what they perceived to be great fundamentals and they were eagerly buying into the sharply rising prices in that rising wedge formation. I was kind enough to point out the wedge to them but, most of them chose to believe all the fundamental propaganda being published about the stock rather than the tried and true technical analysis that has been studied and perfected over many years by many very smart and extremely successful traders. Well, within a week, the price plummeted from around $0.0375 all the way back to $0.01 and account balances of $37,500 were all of a sudden reading $10,000 in only 7 trading days. The biggest drop coming in just ONE DAY from $0.0365 to $0.0115. All of those OTHER FACTORS underlying the drop in price were not reflected at all in the news. But, the rising wedge price formation was there a week earlier warning of the coming drop in the price of that stock.
When it comes to Pink Sheet stocks which really have virtually NO sound fundamentals, the only thing that is usually holding up the price is the enthusiasm of the investors. So, when that enthusiasm is shaken by even a slight drop in price, they simply panic and bail out and huge price drops can be seen in the Pinks.
Lets talk fundamental analysis for a moment. Sound fundamental analysis is based upon several factors about a stock. These are:
1. Earnings per Share – EPS
2. Price to Earnings Ratio – P/E
3. Projected Earning Growth – PEG
4. Price to Sales – P/S
5. Price to Book – P/B
6. Dividend Payout Ratio
7. Dividend Yield
8. Book Value
9. Return on Equity
TYTN (for instance) does not yet have any of those factors to consider in a fundamental analysis of the stock at this point so, it is not possible to say just how sound the fundamentals of this company really are, is it? Of course not. So, what do we really have to go on besides technical analysis? The news? Awfully late information there, don't you think? It's also possible that much of the news could actually be misleading or inaccurate. Isn't that right?
From my perspective, especially when it comes to trading Pink Sheet stocks, there is no better friend to have on your side then sound technical analysis. It has certainly saved me a great deal of money over the years. All I'm saying is, learn about it. Then decide for yourself. But, do your due diligence and find out what it is all about.
Ever Look st the WEEKLY Chart? ORRVs weekly charts is interesting. There is long line of solid support seen at $0.001 that goes back more than 2-1/2 years. Occasionally, the price will penetrate that support but it always comes back again and supports there once more. So, here is a What IF for you ... Suppose you put a standing order in at say ... Oh, perhaps ... $0.0002 for 1,250,000 shares or more. You know at that price, 1-1/4 million shares is only $250. Hell, even an unemployed person can afford a million shares at that price. So, what if you were actually able to buy 1-1/4 million shares or even 10 million shares at that ridiculously low price and the price bounced up to say $0.005. It seems to happen every year on the weekly chart. You could sell off those $250,000 shares get back your $250 and pocket a $1,000 profit. Not bad, eh? But then, What IF they bring up a $100,000,000 worth of Gold or Silver to the deck and the news gets out and hundred of new investors who don't know anything but that news jump in here and start buying up shares and drive it all the way up to $1.00 share? Ah, what then?
This market is finally showing signs of becoming oversold. Don't get too excited though. No buy signals yet and a market can stay oversold for weeks or even months before the trend will reverse.
How many times do I have to say this? A Diamond Formation (or any chart formation) does NOT cause a price drop. But, it can be used to predict a price drop. The reason for the drop is not known at the time the price pattern is forming. The reason will usually come out after the fact in the form of news, rumors, etc. So, the smart money, always watches how the market is behaving in terms of technical indicators and price patterns and they use those indicators and price patterns to make buy and sell decisions that enable them to protect their profits and take advantage of conditions in the market. Personally, I do not care what the reason was for the price drop. But, I do care that technical analysis in this case was able to predict it. Some of you folks are really thick headed when it comes to technical analysis. I might suggest to you that you should first learn about technical analysis and then with that knowledge, if you find fault with it, then criticize it intelligently. At least look at it with an open mind. Do your due diligence when it comes to technical analysis and it can be worth a lot of money to you.
Great Technicals! Check it out! - There is a little known way of reading the Slow Stochastic in relation to the price movement that is called a Trend Continuation signal. There appears to be one on the YIPI chart Right Now!
What is it? Ok, notice the Slow Stochastic reading back on May the 23rd just before the huge rally. Now notice how much lower the Slow Stochastic is today. Now notice where the price was on May 23rd and where it is today. If you were to draw a straight line connecting the low prices on the 23rd today and also a straight line connecting the stochastics from the 23rd to today, you will notice a divergence in the lines. You will see that while the price is rising, the stochastics are falling during that same period. So, what the stochastics are telling us here is that the market is more oversold today at today's higher prices than it was on May the 23rd at those lower prices. When that happens, it is generally a signal that the trend which you can now consider as up (the 200 day moving average is now rising ever so slightly) will most likely continue. Will we see another huge rise in the price here? It's possible but, whatever happens now, there is a higher probability that the price movement will continue to go up from here. How far and how fast, can't really be determined from this situation but, it does look to me anyway that it's a lot safer to buy into this stock now because the recent price correction appears to be over and the market is now oversold again. Just an FYI for you Techies. Something that perhaps you may have never noticed before.
Patience Pipe! $0.0016 is a lot closer than you might imagine! The market is not oversold and shows no signs of slowing down this correction or supporting anywhere for long just yet. Best chance at support right now is $0.0016
I see your point and why you feel that way, I just disagree. In my experience, the 50 day MA never really proved much to me so, I don't use ti at all. I use an exponential moving average based upon a three month lunar cycle which is exactly where the market found support on Wednesday. I've never watched the 100 day, so I don't know but, I do watch the 200 day because, that one baffles me to no end. It's almost like a huge number of traders worship it or something and so they act on it and pretty much cause the events to take place, just like the book says. I see the major support you point out on the weekly chart but, following a confirmed market top which we have now, and no subsequent indication of a bottom following that top, you have to expect the first level of support on the weekly chart to fall. Just below that support level is another weekly support level at $0.0016 (also currently the 200 day MA). Exactly where this market will find firm support and build a base from which to launch the next wave up is still a mystery. But, wherever that turns out to be, we will see some kind of a buy signal at that location. Right now the market is not even reached an oversold condition so, we have a ways to go before we can expect it to find firm support. IF this was a normal correction and not an interim top, I think you could be correct. But, the diamond formation spells top and so the correction will be more sever that just the first support level it finds on the way down. I've wrong before, the market can fool anyone once in a while but, this one seems cut and dried so far. Gap gets filled, Gap becomes resistance. Market falls to support at 200 day average and then, assuming it does support there and form a base, we may see another wave up. If support fails at the 200 day MA, then we could see 000 numbers before we see a buy signal.
You might be right but, there is a strong tendency for a market to fall back to test the 200 day average after moving through it. I suppose there are exceptions, but, I have not seen any that I can recall from my own trading experience.
The GAP is from 0.0030 to 0.0033 - If you look at that chart, you will see that from one day to the next the price did not trade at all in that range. That constitues a GAP. Typically that GAP will eventualy get filled. In this case, the GAP could easily get filled tomorrow but, in my opinion, you won't see a price tomorrow higher than $0.0033 if it does get filled. The close tomorrow will most likely be lower than today's close. The market has not yet attempted to support at the 200 day MA and that will likely come before any continuation of the uptrend. The 200 Day MA is still hovering around $0.0016. Typically the a GAP down which this GAP is, will become resistance for amy subsequent tally attempt until firm support is achieved and I see no evidence of firm support at this point.
Well, good luck! Personally, I think it's time to buy! It's getting more attractive every day here now!
Special Situation worth a look see ...
http://investorshub.advfn.com/boards/replies.aspx?msg=58471454
Yes, I do! Check it out here: http://investorshub.advfn.com/boards/replies.aspx?msg=58471454
Low Risk - Big Potential - Highly Speculative Special Situation! Anytime a stock is trading in the subpennies per share, there is oppotunity to profit from a substantial bounce that comes from periodic news reports. Currently trading at $0.001 to $0.0011, ORRV presents an interesting Special Situation trading opportunity. The company Oceanic Recearch & Recovery is a deep sea salvage company that is in the beginning of a well researched 5-year project to locate and salvage multiple shipwrecks near the Phillipine islands (three shipwrecks have been located to date). In addition, they have recently discovered a cluster of 5 shipwecks in International waters with salvage operations scheduled for the end of this year. According to the original manifests from ships they have identified, there is in excess of 2-billion dollars worth of cargo in the 5 shipwreck cluster alone. Once news hits the sreets that ORRV has actually recovered and brought to the decks any of the valuable cargo that these ships contain, the stock price could easily sore at least temporarily, allowing the shrewed speculator to sell off part of his/her holdings and fully recover the initial investment plus a small profit and still have several shares left that will constitute a FREE. From that point on, as more cargo is recovered over the next five years, there will be opportunities to trade and accumulate this stock for a move toward the $1.00 level. Of course there are no guarantees that the price will move at all but a brief look at the history of the price movement will show you that brief advances in the price do happen periodically. It should also be noted here that this is the first time they have undergone such a significant and well researched recovery operation and the prospects for the future appear to be brighter than ever before in the history of the stock. The company has announced plans to emerge from the Pinks onto the OTC:BB which will give this stock a much higher visibility and attract new investors. All in all, as speculative as this company is, this appears to me to be a very attractive opportunity indeed and one that is well worth your further investigation.
Lower Highs and Lower Lows still spell down trend here. However, the market does appear to be getting good buying support anytime the price dips below $0.0125 so that's a good sign. Anyone who bought more shares below $0.0125 has probably got a really good price.
Technically speaking, we have the makings of a DOUBLE BOTTOM on the daily price chart. This could prove to be an opportune time to buy this one. All we would need to confirm that double bottom is a rally here, and if it comes, and that rally drives the price back above the $3.00 level, we could have a bull market again for a while. If we do get a bounce here, it would be best if it were accompanied by unusually high volume as well. All those things would confirm a double bottom and we could look forward to higher prices over the next several months.
On the weekly chart however, support appears to be closer to the $1.75 to $2.00 price level. Both the daily and weekly charts are providing oversold readings and there are the makings of a nice divergent trend continuation signal on the weekly chart as well.
Patience is the key here. Let the market dictate where the bottom is. Another thing to notice that makes this look like a turning point for this market is the fact that yesterday was a full moon. Historically markets are more susceptible to changing direction during the week of a NEW or FULL moon.
No clear indication of a bottom yet! I did not expect it to go this low either. The Stochastics are not yet giving an oversold reading. Williams %R is. But, when the market becomes oversold, it can stay in that state for weeks or months without a significant bounce back. There are obviously still shorts in this market so, a short covering rally will take place at some point. Market momentum is still in favor of the bears. I think you folks made the bears mad when you laughed at that rising wedge formation.
On the weekly chart, there appears to be pretty firm support around the $0.005 mark so, that looks to me like a concrete floor that it probably won't go below. It is likely that it will find support here at $0.01 to $0.0125 but, it could dip into the 00 numbers at least briefly now. There are several things that could happen here. The best one would be for market to form a V bottom and rise sharply back up to a firm support point somewhere above. It could also see a long slow saucer bottom formation form someplace after a short covering rally. On the weekly chart there is also support seen at $0.0075 and if the market finds support there, it could settle into a trading range between $0.0075 on the low end and the recent high price before the fall of around $0.04. IT would be best if it bounced right here and supported at $0.0125. On the weekly chart, the market is not even close to being oversold. The 200 week moving average is relatively flat so that shows no weekly trend at all and for the market to form a trading range here should be easy. It's an unsettled market right now and attempting to take any kind of sizable position here is extremely risky for both the bulls and the bears. If you are buying here, in my opinion, you need a lot of patience now to see a return on your investment because it could be a long time coming.
I see! That's called creative accounting, I suppose. Ok, it's back to technical analysis then. That's the only effective way to determine whether the price of a stock is going to go up or down anyway and from a technical point of view, it looks pretty good right now. Thanks for the lesson in modern Finance! I wonder what companies will conjure up next to cloud the mind of the fundamental investor?
Well, I'm a new share owner so, I don't have all the history on this company quite yet but, the thing that I don't understand is why a $0.33/EPS is only providing a price of $0.045 per share? Even at an ultra conservative 8 times earnings, this stock ought to be worth $2.64/sh. I'm also assuming here that the other three quarters earnings will be flat. So, this has got to be the most undervalued stock I've seen and it just does not add up. Maybe after digging around I can figure it out. But right now, from my perspective right now, if they continue to show even as little as $0.15/sh on a quarterly basis, this stock could be worth as much as 15 times earnings (still conservative) and that would put it at $9.00/sh.
Am I missing something here? Did I misread the quarterly report?
Technically speaking, the market has supported very nicely at the 200 day Moving Average (MA), there was a bullish divergence prior to the recent move up and I see no reason why we won't see a rally back to at least $0.0025. The trend is up and there are no obvious indications that the the price will go anywhere else. Patience. If it should take a dip to support at $0.0005, that should be seen as a buying opportunity. But, we many not see that level again for a while now.
Technically speaking now, we have a GAP lower opening. That's usually considered very bearish. But, don't panic. There are two things two consider here now.
1. The market will have a tendency at some point (the sooner the better) to mount a rally back to fill that GAP ($0.0030 to $0.0033). That will not likely be the start of a continued bull market because the market correction is just getting under way. But, it will be an opportunity to still take profits at a higher price.
2. The other tendency is for the market to continue to fall and to test support at the 200 day MA (currently at $0.0016). The 200 day MA is dynamic so a sooner than later rally to the GAP will cause the 200 day MA to move higher more quickly. Both of these tendencies are likely to fulfill themselves before the next move up or down can be determined.
A moving average is not always a firm place for a market to support. Face it, it's a moving target. So, it should be noted that there is market support at $0.002/$0.0019 and also at $0.0015 With the 200 day MA in between both right now, firm support could come either higher or lower than the actual 200 day average.
You also need to be aware that there is a nice line of previous market resistance which should now prove to be support at $0.0008. Yes, that is three zeros. IF the downward market momentum should continue to increase, then that level could be achieved if only briefly. It's difficult to predict where investors will begin to view this market as severely oversold so all of those possibilities need to be considered.
If the market should drop sharply here over the next few days, then providing it finds support at the 200 day MA and begins to move back up, then (since today is a full moon) the possibility still exists that a trend continuation rally could begin here (within a few days of the full moon) that would find only temporary resistance at the GAP and after a brief correction would establish a new leg up and confirm a bull market.
From a sailor's point of view we are in the doldrums here. Lack of interest alone could still bring us triple zero prices for awhile which could be a good thing. That would Make it a whole lot easier for the little guy to pick up a million shares. Patience is the key. If you get too bored, you might take a look at Uranium stocks. They look ripe for a rally here.
Inside day today proves the bears are still alive but, also presents a low risk opportunity to take a long position. Uranium stocks have been getting a lot of good press lately. It's mostly speculation that perhaps these markets are becoming oversold which they are. Technically speaking, as I pointed out we have the makings of a divergent buy signal and all that is needed to confirm that signal is a nice rally. The price has fallen well below the 200 day MS and it is due to rally back to it at the very least to test resistance there. If that resistance should hold then for the time being it would confirm the bear market status at least for a little while. But, one way or the other, this does look like a very nice trading opportunity for the bulls.
Yeah, me too! Maybe we should pool those dimes and retire on the interest. Oh yeah, I forgot, that word IF sort of kills that idea doesn't it? Well, at least the lessons learned were more valuable than than all those dimes in the long run, you know what I mean?
I never make a decision based entirely on the moon. I just speculate on where a turn in the market could occur based on the high probability that it will occur within a few day of a full or new moon. So, even though I thought it was possible, this week does not look like a good time to buy this market. But, $0.0016 to $0.119 still looks possible to me and maybe, when the market gets there or even before, it will find firm support and flash some signals to buy. I like to speculate on where a market turn could occur but, I never take a position until it looks pretty obvious to me that it's underway.
Not to worry, I dumped it when it broke support. You do know that the trend is ALWAYS down at the bottom of the market, right? It may actually still find support here now. The market is extremely oversold. If I see evidence that it will rally, I can always get back in.