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100% Bottom Breakout Confirmed!
There is no head and shoulders, it fails 2 key volume tests.
From Stockcharts.com...
Volume: As the Head and Shoulders pattern unfolds, volume plays an important role in confirmation. Volume can be measured as an indicator (OBV, Chaikin Money Flow) or simply by analyzing volume levels. Ideally, but not always, volume during the advance of the left shoulder should be higher than during the advance of the head. This decrease in volume and the new high of the head, together, serve as a warning sign. The next warning sign comes when volume increases on the decline* from the peak of the head. Final confirmation comes when volume further increases during the decline of the right shoulder*.
*In both cases volume decreased on the decline. This is normal and healthy for a stock to experience a light volume pull back.
There is little doubt we have a double bottom, possible triple bottom breakout pattern in effect. This was confirmed after yesterdays close. Both are very strong bullish signals that a trend reversal is near!
Make sure you check volume levels and other tests as they are very important in technical analysis. There are some good sites out there like stockcharts.com where you can learn more about T/A.
Here is more information about double bottom pattern and why AVTI fails the confirmation.
http://stockcharts.com/help/doku.php?id=chart_school:chart_analysis:chart_patterns:head_and_shoulders_t
GLTA
Once the shoes hit the shelves by mid September and we have a new PR we will see an increase in price per share, no doubt.
A Naked Short will sometimes post negative or misleading information about a stock in an attempt to cause fear or panic sell offs. I think we may be seeing some of this happening now in AVTI, however this is actually a good sign! Once this happens a condition known as a Short Squeeze is likely to occur that will force the price even higher.
Investopedia explains this well, as the stock starts to rise rapidly, the trend may continue to escalate because the short sellers will likely want out. For example, say a stock rises 15% in one day, those with short positions may be forced to liquidate and cover their position by purchasing the stock. If enough short sellers buy back the stock, the price is pushed even higher.
Ref URL:
http://www.investopedia.com/terms/s/shortsqueeze.asp
I have no doubt we will see the 0.005 range as projected by Ludlow Capital in the alert, and most likely continue to rise from there.
Ref URL:
http://www.wallstreetnewscast.com/news/2010/july/avti.html
At the end of the day it is best to do your own due diligence (dd) and research the claims that are made. Many times you will find they only hold a shred of truth, or are completely false.
GLTY
The daily chart is showing a big sell off right now on SHAR and it appears that the price may pull back further to test support @ 0.001. GLTU
Johnny and Johnnie are the same, this issue has already been addressed. It was a typo in the PR and has been posted here many times before. Here is a PR that mentions both names including the website for johnnyfamousshoes.com. I especially like the price target of 0.005, that will be a very nice gain from current support levels.
NEW YORK--Ludlow Capital issues research opinion on Avitar, Inc. (OTC:AVTI), a holding company focused on investments in joint venture projects, with an adjusted valuation target of $0.005 per share, near-term.
http://www.wallstreetnewscast.com/news/2010/july/avti.html
You can also read Johnny Famous Bio page where he mentions the shoe line.
Today Johnny Famous has redefined his image and has expanded his talents into other areas in entertainment, such as acting, producing, fashion design and emcee hosting. 2008 was the break out year for Johnny Famous Shoes, reintroducing cult classic designs to the men’s shoe line marking excellence in men’s wardrobe.
http://johnnyfamous.ning.com/page/johnnys-bio
The fundamentals are very strong in the stock. It is very undervalued at the moment, there is little doubt the price correct very soon and we will see a huge run up to .005 and beyond once the shoes hit the shelves by mid September.
Can you create an annotated chart for AVTI? Thanks in advance!
Looking at the charts we have STRONG support @ 0.0006 so I do not expect to see it go any lower. Technicals also show many reversal signs so it is up from here imo. There is some resistance at 0.0008, and once we cross this we will see a big bounce back to upper 0.002's and 0.003's. This stock is looking very good. There is a lot of anticipation about the shoes hitting the shelves by mid September, we should see huge returns soon!
You have an interesting opinion, however I would still have to disagree with you. Most of the board members here are long, so it is important for us to use factual information and not focus too much on conjecture or speculation when it comes to the company or CEO.
I believe we will see financials, it is just a matter of time. The product, shoes and brand they are establishing provide strong fundamentals. Additionally the 8-K filing means they want to be transparent and establish a solid foundation with share holders.
I am not too worried about Gelmon this is a strong company and we will see a nice run by September when the shoes hit the shelves. They have a solid product and brand name, thats good enough for me.
GLTU
Interesting, I would disagree with you on fundamentals, this company has very strong fundamentals imo. Many of us have it word of mouth from the CEO himself that financials will be released. Obviously there is not a 100% guarantee this will happen, but considering they are leaning toward transparency by releasing the 8-K form, I can see this being a strong company for Gelmon. I realize some of his other companies may not have turned out to be too successful, however that is the nature of the business world, and it is dog eat dog. If you talk to any large company officer, manager or director I am sure many will tell you they have been involved in a failing company at some point in their career. I don't think it is important to focus on his previous companies as much as focusing on the current company, product and potential. Personally, I feel this company has a very strong future and when the shoes hit the shelves in September the stock will be running strong.
GLTA
Interesting, I see accumulation is down slightly for Thursday and Friday but on an upward trend overall.
We close above the 50 MA (0.0009) next week.
I see support holding well and testing twice on the 75 MA (0.0007). We could possibly test at the 100 MA (0.0006) briefly before starting the next leg up, but it is very doubtful that we will ever see a test back on the 200 MA (0.0004) anytime soon.
Another important thing to note is that both the RSI and Williams are both very oversold. This is an indicator that the current pps is undervalued and a price correction will occur.
Also if you take a look a the MACD you will see it is ready to cross and begin upticking, the Slow STO chart shows a cross under the 20 and ready to uptick, and there is steady accumulation occurring. These are all very strong bullish signals.
GLTA
I would agree 100% this is a buy and hold period, it would not make sense to sell now, especially since we are so close to the shoe hitting the shelves in September. It will run big time by then no doubt about it.
Even with a conservative estimate like yours from today's price @ 0.0008 to 0.005 would be a %525 gain. That is nothing to sneeze at for sure. I think we might be closer to a penny, but I would certainly take 0.005 also.
I agree with you and think the charts are looking even better today. We see a Doji Candle Pattern forming on support, which is a strong reversal indicator, plus the RSI and Williams charts indicate the stock is quite oversold meaning the current price is a bargain and undervalued. We should be seeing a bounce from here.
GLTU
You have a good point there. This stock has great investment potential, and will run like crazy by mid September once the shoes hit the shelves. I would not be surprised to see it trading at 1 or 2 pennies by then.
Bar Chart looks like a reliable resource to me, I would agree with the BUY rating for AVTI. They base their recommendations on technical analysis. I did not see the disclaimer you mentioned.
Overview
http://www.barchart.com/quotes/stocks/AVTI
Technical Analysis
http://www.barchart.com/technicals/stocks/AVTI
Trader's Cheat Sheet
http://www.barchart.com/cheatsheet.php?sym=AVTI
They do use intraday charts so the buy or hold ratings can change throughout the day depending on the current pps.
Cheers!
I love it, the walls of conspiracy are crumbling down, AVTI is ready to run no doubt about it, load up today last chance at these prices IMO.
Could you please post the link to where it says they actually owe the money? Or should we just take your word for it? The plot thickens....
The fact is you keep coming on this board and posting baseless speculation and unfounded rumors. Stop posting misinformation, the stock is going to run huge, we get it you need to earn a living.
These charts show the rest of the story the tide is indeed coming, heading north by September this stock will be rocking baby!
THANK YOU BHD!!! THERE YOU GO, NUFF SAID JACK O' MAN AND LIABLE? OR SOME OTHER CONSPIRACY YOU CAN DREAM UP LOL...EOM
Repost from TheBlueHotDog...
3.1 Excluded Liabilities. Buyer shall not assume, discharge or become liable for any of the liabilities, obligations, debts, contracts or other commitments of Seller of any kind or nature whatsoever, known or unknown, fixed, accrued, contingent or otherwise, existing on, before or after the Closing Date or arising out of any transaction entered into, or any state of facts existing, on, before or after the Closing Date, which liabilities and obligations if ever in existence shall continue to be the liabilities and obligations of Seller (the " Excluded Liabilities ?). Seller shall hold Buyer harmless and indemnify Buyer from the Excluded Liabilities any and all claims, including without limitation rejected and returned goods, arising from the sales of goods by Seller on or before the date of the Closing.
you are not the only one that feels that way, many have expressed this over and over again, especially on this board in particular.
Looks very promising, if we can break resistance on the 13 EMA and find support there it would be very strong bullish indicator we are starting our next leg up. We definitely have support on the 50 MA and that is huge! Everything says GREEN on the daily chart, this stock has legs! I would not be surprised if we are back in the 2's or 3's by end of next week!
AVTI - Daily Candlesticks
I think you are right 100% agree with you.
You summed it up quite well, you are a wise man LOL :P
You are very welcome, I simply like dealing with facts and not hype or conspiracy games. The fact is this is going to be huge come September when the shoes hit the shelves and we will be seeing pennyland very soon IMO.
I think we are both saying the same thing, Johnny Famous AKA Big Scoob is the same person as Johnny Famous Shoes. I have heard the podcast also, and agree they are the same person, even says so on his bio page. I think this conspiracy theory can be put to rest now. LOL
http://johnnyfamous.ning.com/page/johnnys-bio
She is the CEO of Johnny Famous Shoes obviously, the PR only mentions company names not company officers. Avitar, Inc. (PINKSHEETS: AVTI) announced that it has entered a Joint Venture Agreement with Johnnie's Famous Shoes, Inc. ("Johnnie's") of New York for the purpose of financing, producing and distributing its summer run of high end, luxury, Men's footwear. There is nothing unusual they are marketing Johnny Famous not Monica Braxton LOL.
Please stop spreading misinformation.
Not at all, most pinks are run from a home office, especially startups. You should know that if you have dealt with them before, nice try however!
Read the record of who filed the patent information!
From this page click on the TARR Status button and scroll to the bottom of the page.
http://tess2.uspto.gov/bin/showfield?f=doc&state=4001:74fvd5.3.1
Also...
On Friday, July 16, 2010, a U.S. federal trademark registration number 76703810 was filed by Johnny Smith with the name JF JOHNNY FAMOUS NYC with the description Traveling Bags, Hides, Leather, imitations of leather goods.
http://www.trademarkia.com/correspondent-johnny-smith-1-927659
Please stop spreading misinformation!
OMG it's on his freaking BIO page what more proof do you need? LOL
Did you take the time to read the post??? LOL it says right in the bio he is the same guy!!!
Today Johnny Famous has redefined his image and has expanded his talents into other areas in entertainment, such as acting, producing, fashion design and emcee hosting. 2008 was the break out year for Johnny Famous Shoes, reintroducing cult classic designs to the men’s shoe line marking excellence in men’s wardrobe.
http://johnnyfamous.ning.com/page/johnnys-bio
What more proof do you need? LOL
Its the same guy, read his bio, you will see the following highlighted "Today Johnny Famous has redefined his image and has expanded his talents into other areas in entertainment, such as acting, producing, fashion design and emcee hosting. 2008 was the break out year for Johnny Famous Shoes, reintroducing cult classic designs to the men’s shoe line marking excellence in men’s wardrobe"
Here is the screenshot from the page
http://johnnyfamous.ning.com/page/johnnys-bio
definitely agree, it adds to the validity of the company, and the certainty that this is going to be huge come September when the shoes hit the stores, pennies for sure.
Ok, getting tired the continuing conspiracy drama here. I sent Johnny Famous the following email.
Hi Johnny,
I was wondering if you could clear some things up. I am an investor in a company called Avitar, Inc. They recently released a press release that is titled "Avitar, Inc. JV Agreement With Johnnie's Famous Shoes Update". I notice the spelling is different from "Johnny Famous Shoes".
I know you are a busy man, and I appreciate your time, can you help to clear up some things for investors please? Is Johnnie's Famous Shoes and Johnny Famous Shoes the same company and or brand? If so can you please make sure the spelling is correct with the next press release?
Thanks in advance, here is the press release I was talking about.
finance.yahoo.com/news/Avitar-Inc-JV-Agreement-With-iw-901830600.html?x=0&.v=1
Regards,
Big Fan
I will let everyone know once I get a response.
Cheers.
yes, it becomes very transparent when the record keeps skipping...keeps skipping...keeps skipping...keeps skipping
LOL