I can lead a horse to water, but I can't make him drink !
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very profound, "Grasshopper"..
apparently, nothing to get excited about!
When the news comes out, I'm sure everyone will be "Yappin it up"
I think everyone, including me, is tired of the same old boring sideways, slow, low volume trades.....
we need some spikes to make us all come alive !!!
Since Feb.10th, CCTC has had higher lows.....
...more recently, since Feb. 24th, CCTC has had higher lows and higher highs, even though they've been small.
Make no mistake, with a rising set of moving averages, pps, and MACD line, this price pattern is BULLISH !
One can view this as a Pennant Formation, or a sideways symmetrical triangle.....both are BULLISH !
IMO, CCTC will see a one, or possibly two day spike, or spikes when the price breaks out of this pattern.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=1&dy=0&id=p28950375022
A Technical comparison,S&P 500 vs CCTC
...shows:
both have a Reverse Head & Shoulders Bottom pattern, which is BULLISH...
both have rising 9 & 18- day moving averages.....
both have rising MACD lines.....
both have the pps displaying higher lows and higher highs...
CCTC is lagging, however, it would only take a one day jump in its price to catch up to the S&P 500 and be at its current level in terms of pattern.
IMHO......a PR of substance, right now, would bring CCTC up to $1.00 and finish the completed mirror image pattern of the
S&P 500.
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=3&dy=0&id=p30410762844
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p08288193388
I recall reading once, that a stock that tests a resistance area twice and is unsuccessful, usually makes it thru it on the 3rd try.
CCTC has attempted to penetrate .18c twice now.....maybe on the 3rd attempt, it will make it thru.
I think you're right.....
I could see (them) releasing the next PR
at around the after lunch time frame, just to catch
the shorts offguard.
That's what happened with DCGNQ on the 16th of Dec.
The stock was at .08c all morning, then suddenly, out of nowhere, at 1:57 pm comes the PR, and the stock zoomed to .30c over the next 2 hours.
http://stockcharts.com/h-sc/ui?s=DCGNQ&p=D&yr=0&mn=6&dy=0&id=p01507627600
Most PR's released after 15th of month
...and in the morning.
check out the dates on the last 8 PR's
Could be that Dr.Pennystock wants..
to BUY shares of CCTC.....and this is a "plant",
so he can pick up a lot of shares.
Anyone think that is possible?
Very interesting read...
I hope this is all wrong.
http://www.benzinga.com/trading-ideas/short-ideas/134026/clean-coal-techs-inc-is-a-short-target-by-tim-sykes-cctc
I guess we'll find out today if Dr.Pennystock is reliable, or not.
If the stock soars, we know to use his calls as a "contrarian view".
Dr.Pennystock
http://www.drpennystock.com/
...he has dropped CCTC from his list.....
he's telling his Gold Members to sell
Timing of next Press Release.
I did some research and found that of the last
7 releases......
half were released at 6 am
half were released at 7 am
and 1 was released at 10:52 am
...so I guess one could presume that we still have a chance for a PR at 10:52 am, since 6 am and 7 am have passed by us this morning already.
CCTC was dropped by this writer.
How reliable is this writer....does he have a good record for stock picks?
Dr.PennyStock:
CCTC – The Gold members received a sell recommendation at .0155 yesterday, a 5% profit, it’s a sell and is out of the list.
Do you see anything in the "technicals" of the chart that tells you when the next move up will be ?
When in March, do you think the signing will happen?
Some say March 15th.
Has been testing .155c for 3 days now.
Nothing but air underneath....will probably move down to .145c, and possibly fill the "Gap" at .13c any day now.
http://realtime.bigcharts.com/chart.asp?symb=CCTC&time=5dy&freq=15mi&compidx=aaaaa~0&lf=268435456&ma=0&uf=0&lf2=0&lf3=0&type=4&style=330&size=3&mocktick=1&35736
Sideways Wedge pattern implies lower prices possible.
....probably at tomorrows open and throughout the day.
Friday, or Monday for the BIG move possibly.
http://realtime.bigcharts.com/chart.asp?symb=CCTC&time=5dy&freq=15mi&compidx=aaaaa~0&lf=268435456&ma=0&uf=0&lf2=0&lf3=0&type=4&style=330&size=3&mocktick=1&35736
The 9 & 18 day MA's are converging closely.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p96374269892
A breakout should be near !
I think we'll see it hit .145c today,
and then a rally into the EOD close.
One certainly needs a lot of patience with (this) stock.
The last time I was this bored with a stock was when I owned DCGNQ....It was trading for .08c, and it seemed like it would never breakout of it. Then, at 1:57pm, out of nowhere, with no warning....the company released a PR, and for the next two hours the stock climbed to .30c and ended at .27c.
I'd like to hear your thoughts about why you think that PR is only a few days away, Admiral.
Do you see a technical set up timing wise?
or, do you have another reason.
Looks like no move again today,
...unless (they) have the strategy of unleashing the news at mid-day and catching the shorts off guard, the stock is in for another boring sideways trading range that will end lower on the day....which would set up a down day tomorrow (Thursday)...and then Friday would be a possible BIG move up day.
IMHO
a short squeeze is a rapid increase in the price of a stock that occurs when there is a lack of supply and an excess of demand for the stock.
Short squeezes result when short sellers cover their positions on a stock. This can occur if the price has risen to a point where short sellers decide to cut their losses and get out. Since covering their positions involves buying shares, the short squeeze causes an ever further rise in the stock's price, which in turn may trigger additional and short covering.
In the time from of 2/17/10-2/18/10 (2 days) CCTC Clean coal technologies went from .0449 to .42, an increase of nearly 1000% due to naked shorting and recently being on the REGSHO list.
The possibility of a short squeeze is one reason some analysts look at a high amount of short interest as a bullish indicator. Short Interest is the fuel, performance is the fuse.
CCTC "Short-Interest" reported Feb. 26th is up a staggering +7,882%.
Short-Interest JUMPS +7,882% reported Feb.26th......the average daily share volume is 28,124,337.
A rise in short-interest is considered very BULLISH !!!
(see it on Pink Sheets Board.)CCTC
Todays pattern, on a 15 minute chart, looks to be similar to that of last Wed.,and a continuation of the pattern could mean that tomorrows trading would be flat on the day, and that Thurs. could be a down day, and possibly Friday could then be the up day we've all been anticipating.
Is it safe to take a nap; will I miss a move up?
Seems like more of the same lack of action we have been seeing now for the last 5 days.....
Isn't the "Naked Short-List" rule for 13-days?
CCTC went on the list at EOD March 1st....so it's been on the list for 8 days roughly...4 or 5 days to go, right?
Will CCTC come off "The Short-List" this week?
Are back to back news announcements common?
Is CCTC technically poised to run upward today?
Does anyone have an opinion about the stock price as it relates to this news ?
Judge Peter J. Walsh also gave an order granting sale procedures of deCode Genetics, Inc.’s assets on December 11, 2009.
Saga Investments LLC has been determined as the stalking horse bidder for the debtor’s assets with a purchase price of $14.12 million.
The offer consists of $3 million in cash and the $11.12 million DIP, provided by Saga.
According to the approved procedures, the deadline for submitting a competing bid has been determined as January 11, 2010.
Initial overbid should be of $0.74 million and subsequent overbids must be in an amount equal at least to $0.1 million.
The stalking horse bidder is entitled to receive up to $0.5 million as expense reimbursement fee and a break-up fee equal to 3.5% of the base cash price, if it loses at the auction.
In the event a competing transaction is submitted, debtor will conduct an auction on January 12, 2010 and the hearing on the sale approval has been scheduled for January 14, 2010.
I hope not.
Seems like the market feels .03c is a good support, as well as .06c
i'm hoping for a bigger bidder to step up and out-bid Saga's $14M offer.....
Do you think Pfizer or some other company will step up ?
Will DCGNQ go above 0.30c ?
Is the stock done?
Is the stocks January Effect over?
Does this company have any other interested higher bidders?
Will DCGNQ emerge from Bankruptcy this month, and will the stock move up on that news ?
Saga was named as a “stalking horse” bidder that has agreed to buy its core operations, though other companies may still top its offer.
http://www.timesonline.co.uk:80/tol/news/science/genetics/article6920653.ece
I wonder if the "January Effect", along with the above information, will combine to cause the stock to go up strong soon !!!!
Ed
I'd like to believe that the stock could spike up thru 0.30c on the release of news.
The CEO said, "We should be out of this (Bankruptcy) process in early January". a direct quote.
Here it is, early January.
I'm hoping that the stock will move up on the basis of somekind of news, similar to the news that the company released on December 16th, when the stock jumped at 1:57 pm, from a low of 0.07c to the days high of 0.30c.
Since that time, the stock has erased all the gain, and made a double bottom at 0.03c, moved up to 0.10c and found a short-term footing at 0.07c currently. To me, 0.05c seems to be a support level.
I find it interesting that CGEN news was posted on the NASDAQ board regarding its findings. I wonder if there is a connection, and if it is possible the two companies are in private talks.
Partnership between DCGNQ and CGEN ?
Yes. It is DCGNQ