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.
After reading Penny
what I realize is, FGFC could do with about three more Pennies and we'd all be very happy!
Press release on share structure/buyback
October 5, 2006 - 12:53 AM EST
First Guardian Financial Corporation Addresses Shareholders Concerns Regarding Share Structure
First Guardian Financial Corporation (Pinksheets: FGFC), after an emergency meeting of the Board of Directors, responded to shareholders questions and concerns regarding the company's share structure.
The company, as previously announced, is currently executing a buyback of its common shares on the open market, the company expects this to be completed by the end of the month, including the 100 million shares bought back from the previous management, at that point the company will retire/deposit with its transfer agent the acquired shares and will also correct any discrepancy at that point with The Secretary of State of Delaware and its transfer agent.
It has been brought to the attention by many shareholders that the share count per the transfer agent has increased by 30 million shares; this is true as the company has issued restricted shares (in lieu of cash payment for services) these shares are not saleable (free trading) for 2 years and will not impact the company's overall objectives. The company opted to issue restricted shares opposed to hard earned cash.
The company is committed to having the least amount of free trading shares as possible and as the company generates more revenue, it will continue to buy more of its shares back as possible on the open market, as the company's business plan going forward to the OTCBB is to as little shares in the public's hands as possible.
Good point, easy
Showing my newbie-ness to the stock there. But it does look very good all around at this price level.
First Guardian's PPS potential
According to the company's website, they're generating $7 million in annual revenue and expect to realize about 15 pecent net income from that.
With 140 million shares outstanding that means a net income of .0075 per share. Which puts FGFC at a a forward-looking PE of 2 here. A PE of five would bring it to .035 per share. A 10 PE = 7 cents.
But another big positive is they promise to "retire a large block of shares" and move this to the OTCBB.
Say they retire 20 million shares, that'd increase the EPS to .009 and put it closer to a PE of 1 at this level!
I'd say your odds of getting a three- or four-bagger here soon are very good.
You can read the same
"recent headlines" stories from IPKL that I can... My reading is weeks or a few months. Certainly not years.
Hosey, on "pump n dump" comment
First of all, it's Friday.
Secondly, IPKL is up from a base of .0006 last week to the current levels and the uptrend is still intact. People who made triple or quadruple their money since .0006 have been "dumping" in the past week, but new buyers have come in. (I figure apprixmately $500,000 worth of dollar volume here on a Friday alone) realizing that the stock is still vastly undervalued.
Thirdly, this was being "pumped" by the CEO of Ipackets on MoneyTV in January of this year when the stock went from .03 (yes three cents, just one zero) to four cents before steadily declining to .0005 levels.
The question is, who has the patience -- or who will be lucky enough to time it correctly -- to be in the stock until and when the press release comes out announcing that the Chinese government has purchased the first IP Mine kit for deployment in one of their 80,000 mines? The promise of that event is the key to this uptrend that is STILL ongoing.
Anyone got an extra buck?
I'd just like to see a 2,500 buy go through. Add to my daily excitement please.
Stalemate
.0018 x .0022
You know, I do understand that with the construction of a $50 million dollar maufacturing facility being built for IPackets by YongAn in China the book value of IPKL is now around 5 cents per share, and that IPKL is officially undervalued by a mulitple of a 25-bagger, but I REFUSE to pay .0022 when it might drop to an ASK of .0020 any minute!
Oh, look, it just happened!
Many here believe
.02 soon. And there are several posters pledging to hold for .20 cents or higher. Think about the first day the Chinese government buys the first IPackets kit for one of their mines...? WOW
QBIT or IPKL
I don't know much about QBIT, but I do know that IPackets is looking at well over a billion dollars worth of revenue in China for their technology and they have under a billion in shares OS, so the share price could and will be worth dollars and it's currently trading at under one fifth of one penny. If QBIT has better upside than that, I'd be very surprised.
300m float
we have had a complete float turnover and then some in the past two days, no? That seems bullish to me... uptrend and voume interest still intact.
Can say IPKL now = $50 million book value
Because this stock became a quick four-bagger from .0006, it retraced from .0027 due to natural give and take trading.
But my reading is that the recent China mining JV news, involving the $50 million funding for a new manufacturing facility, has not nearly been priced into the stock yet. Look specifically at this paragraph from the joint venture PR:
"The joint venture will be responsible for the manufacturing, distribution, sales, marketing, installation, deployment, and support of iPackets' iPMine solution to the mining industry in China. The operation will be based in the province of Henan, China's second largest coal producing province. According to the agreement, YongAn will provide funding of up to US$50 million to the venture, and over 10,000 square meters of land to build and outfit a world-class manufacturing facility in Henan."
My reading is that after picking through three different suitors for the joint venture, IPKL chose YongAn and YongAn brings to the table $50 million for the manufacturing plant in exchange for a cut of the future profits of IPackets technology sales in China. That means no cash or shares of stock went to YongAn, yet IPKL gets a $50 million dollar facility.
With 900 million shares outstanding and $50 million handed to the company, I would put forth here that the new and (very much) improved book value of IPKL becomes 50 million bucks divided by 900 million, or .055 cents per share -- MINIMUM. Considering IPKL is trading currently at less than one fifth of one cent per share, basic math shows this stock is undervalued by a factor of 32 times!!! (32 x .0017 = .055)
Would YongAn put up $50 million to build a manufacturing plant in China that isn't profitable? Of course not. Which makes .055 cents a share just the beginning of what IPKL is worth. Meanwhile, once those short-sighted flippers who got in below .001 are done selling their shares finally by tomorrow or Tuesday, satisfied with a mere 2- or 3-bagger, the run to pennies should resume with gusto, IMO.
Shakerzzz is probably being more realistic about a 7-bagger from this level, short-term, but still I think most holders here are in agreement with what several posters have delcared about this stock -- IPKL's run is only in its infancy.
That loud drying-up sound
you heard today was the few remaining shares available to be grabbed at this level being vacuumed off the bottom of the soda cup.
From 13 million shares traded Friday -- price up
to
3 million traded Monday -- price down
to
2 million traded Tuesday -- price down slightly
to
300K traded Wednesday -- price sideways
Might there be a rocket scientist in the room who can take a wild, wild westerly guess as to what is about to happen to the share price of this stock next?
Why I think PGPM is about to run
Before I talk chart, here's the leading reason why I think the stock is headed higher very soon.
My reading of the resource evaluator's report in question makes me think stock is undervalued.
The numbers I paste below are copied from the "Resource Evaluation Report On The Pilgrim Petroleum Corporation Interests in Archer and Wichita Counties, Bend Arch-Fort Worth Basin Province, Texas, USA
Prepared on Behalf of Pilgrim Petroleum Corporation
15 September 2006
By Gustavson Associates, Independent Qualified Reserves Evaluators."
In section 3-2 the report lists "Prospective Resources" as...
Oil Gas
Low Estimate 996 MBbl 3.98 BCF
Best Estimate 1,831 MBbl 7.32 BCF
High Estimate 2.676 MBbl 10.70 BCF
(Acronym definitions, MBBL = Thousand Barrels; BCF = Billion Cubic Feet)
So what are these "prospective resources" likely to be worth? Do the math using the "expected prices from section 2.11 of the same report:
2.11 EXPECTED PRICES
Current oil and condensate prices for the area are about $59.75 per barrel. Well-head gas prices are estimated to be $4.65 per MCF as of the date of this report.
Low estimates: Oil, 996,000 x $59.75 added to 398 x $4,650 = approx $60 million.
The "Best estimate" of reserves in the report is double that, or approx. $120 million. 358,841,164 outstanding shares, divided by $120 million = .29 per share.
What really makes this a hot stock is not just the above numbers from the report, but the anticipation of a second "prospective resources" report soon to be forthcoming
Quoting Rafael Pinedo, President of Pilgrim Petroleum Corporation: "In its efforts to become a fully reporting company, Pilgrim Petroleum concluded its initial phase of acreage resource estimation and economic valuation. It will continue to value and put in line the additional properties recently added to its asset portfolio, while implementing its ongoing well re-activation program."
Now I would like to quote fellow IHub poster Willie Mac who wrote a very convincing post ( at least to me) last week:
"... it is foolish to sell now for anyone who has been waiting a while for this report because it isn't finished. It doesn't take rocket science to figure out that the 15,700 acres in Clay County are not being reported here and that considering that area, it will at least double if not triple the current figures."
I agree with willie mac that this first prospective resources report from Pilgrim released on Sept. 15 shows you about roughly half of the underlying value of this company. Thus, the $120 million should more correctly seen as closer to $200 million.
Now let's look at the CHART.
I see a base of around .035 to .04 cents going back several months. I see this as level of solid support. I see there was a positive impact and change in the base, a very big uptick, last Friday with 13 million shares traded, for a dollar value of approx $800,000 to the upside... In the two days following what cynics have labeled a "pump," but what I consider a "breakout" there have been between 3-4 million shares traded on Monday, and between 2-3 million traded today (Tuesday) for a total dollar value of approx. $400,000. I see this movement, up on big volume Friday, and down on lesser volume on Monday and Tuesday as very bullish. Stronger hands getting in and weaker hands getting out while it maintains a level above Friday's low.
It all adds up to minimal downside risk at this level, considering the prospects this stock has , including possible listing on the Toronto stock exhange soon and OTCBB next year.
Conclusion: PGPM is primed for a run to .10-.15, short-term. All it will take to trigger is a close above .055 sometime this week to regain the momo and start a buying stampede.
Good Night and Good Luck
Run will start in a day or two, after
the impatient sellers finally stop selling here in the .045 range and when we then uptick above .05 again sometime this week. I am guessing tomorrow afternoon, a close of even .052 on either Wednesday or Thursday will set us off on a run to .15, sans news.
I was encouraged by the dropoff in volume over the past two days since the big 13 million shares volume green surge on Friday.
Up on big volume, down on much lower volume = bullish. Congrats to those who grabbed shares in the mid to low .04s. That is just smart buying. (Smarter than me.)
Great stock, went all-in this afternoon
at .058 and .055. My .058 fill was an offer that I made below the ask at the time, which was at .063 and .064 and .06 and above the bid which was at .055. It took 25 minutes to fill!
I felt I missed the boats on both CSHD and AWYB (waiting for a profitable trade on NMEN to settle) and while scouring the penny market today for the next home run I rediscovered PGPM following today's news. I recall that it was profiled by the penny investor site a month or so ago which cited a short-term price target of .10 per share. (My second favorite choice today for the next double or triple was buying ITSI at the open for $1.07, but I was too bothered by its lack of liquidity.)
Your assessment that this will hit many radars over the weekend is quite true. My estimation is that those who were willing to part with their shares for a 25 or 30 percent one-day profit in the five or six cent range did so today and they were the ones who kept the price from running for the remainder of the day (allowing me to get in, thank you!). But this is clearly still a very undervalued oil company. With today's heavy volume it has established a new base above five.
The toughest decision I foresee with PGPM next week is whether or not to hold after it hits .10, allowing a doubling of my stock portfolio to ride for the next leg up.
Have a good weekend all.
NMEN could hit $1 tomorrow
by the way it's acting on news
Han, This is what I consider a silly statement:
"they won't let it happen because .15 was the last major resistance. It will not happen unless we have PR on the AF."
Stocks make powerful moves in the absence of p.r.s all the time, in anticipation of events. The impatient doubters who were likely to sell have been doing so since early last week.
You anticipate day six and seven of selling here under .15 cents??? If so then you are the one without a clue. This thing is on the verge of a another MAJOR move up, not at all dependent on the "PR on the AF"
Watch and learn.
Han you and I read it differently
Point blank Petar stated that the official audit is of the third-party variety -- that's what gives it legitimacy. And by virtue of that fact -- that it's third party -- Sulja Bros. has no direct control over when it is released. The only "deadline" , as you refer to it, that the company issued regarding the release of the independent audit was the use of the word "soon."
The doubters have mostly sold by now -- my read.
Key trading action today...
Han, never bet against a price per share rise in anticipation of a positive event sans news. We already saw anticipation of Petar's statement last Monday take this to a high of .205 before he released any p.r.
Now the impatient and the "It can't happen until the audit is out" naysayers are coming forward again -- even as the price creeps up again a la the way it did back when resistance was at .085 cents per share.
You do realize that almost every body who was going to sell SLJB in the low teens has been grinded out here in the past five days an d stronger holders are coming in and as every day goes by until the stanmped audit goes public the likelihood of a jump to the next level -- .35 cents, say , becomes more and more likely. How hard do you think it's going to be to get SLJB back to .20 per share by tomorrow or wednesday if this thing closes anywhere in the neighborhood .15 cents today?
Not very hard at all. Still holding long and strong and believing that I have a legit stock worth net income of somewhere between 3 and 11 cents per share even without the huge cement contract factored in and other deals stil be to be announced. Translation: a stock worth a PPS of from .30 to $2 and Nasdaq-bound.
I think you are blatantly trying to get some low priced shares now that you have witnessed the undeniable strength of the stock again today.
As Sinatra sang, du-bai do-buy dooo....
an audit in the night ....
Here is Flight277's eminent wisdom
In a nutshell:
Posted by: flight277
In reply to: None Date:9/12/2006 9:34:33 PM
Post #of 87327
12ring, quit living in the past....those days when stocks flew was when the nas was at of above 5000. qcom was at 25 and went to 600. its in the past. those days are over....this is a non reporting issue and its going nowhere in my opinion.
i feel for those who bought at 10 cents and higher!!
-------------------------------------------------------
Thanks for warning us away from the stock while it was trading at six or seven cents, flight. You are a true humanitarian.
Yes, Rruff I'd rather have a tight capital
structure.
And, by the way, I also have a feeling the audit is IMMINENT.
Awesome, but not all that surprising,
right, longtime Longs?
---------------------------------------
whaddaya think, resume' material?
... for my future stock picker website?
--DASH
-------------------------
Posted by: dashrip417
In reply to: None Date:9/14/2006 11:38:00 AM
Post #of 73062
My own reading of the chart
and anticipation of the impact of a look at the audited financials for the wider market, makes me believe that SLJB is about to run north of .10 today, maybe as high as .14.
Look out above!
-------------------------------------------
Posted by: Suljak
In reply to: dashrip417 who wrote msg# 71950 Date: 9/14/2006 11:49:10 AM
Post #
I sure do like your interpretation dar,
You sure you weren't sipping a little vino today?? LOL
The "is about to run North of .10 etc" is acurate but maybe not today?
Glad you see the light man. GLTY
Okay...I'm going to hold you to your prediction!
.10-.14 it is!!!! I can dig it. Back to .084...I'm looking out above!
There you have it Suljiers...the run up is near!!!
Anything under a quarter is a gift.
-------------------------------------------
Posted by: dashrip417
In reply to: fringe_remnant who wrote msg# 71998 Date:9/14/2006 12:15:15 PM
Post #of 73066
Where we're at on that chart
In my opinion, where we are at today is at a very similar point to the three green candles you see back on the chart in the area of July 24... see where the third green candle dips to start the day below the previous day's high and then ends up a massive bullish candle by the end of the day in a huge breakout. That's the basis for my reading of .10-.14 today. Same four red candles preceding the breakout... (mid July) same set up leading into breakout, similar hugely positive reason to anticipate the breakout with the release of financials coming.
I agree with snips that action is coming ths afternoon. the sellers will really have dried up by then. Nowhere to go but up into Monday.
Thank you for posting the chart fringe.
GLTA
--------------------------------------------
Posted by: fringe_remnant
In reply to: dashrip417 who wrote msg# 72003 Date: 9/14/2006 12:21:08 PM
Post #
"I agree with snips
... that action is coming this afternoon"
"the sellers will really have dried up by then. Nowhere to go but up into Monday."
How do you know the direction? NOBODY DOES. This is a carefully managed crapshoot, high risk. The chart is revealing nothing about forthcoming events, other than one will happen soon, IMO.
fringe
----------------------------------------------
Posted by: dashrip417
In reply to: fringe_remnant who wrote msg# 72005 Date:9/14/2006 12:27:51 PM
Post #of 73066
Fringe, about direction
I respectfully disagree with you that this is strictly a crapshoot. If it was, I would not be here. If I actually enjoyed shoting craps or playing casino games I would just go to the casino. From my experience in investors' behavior and reading charts and anticipating events in advance of news, direction is something that I believe you can in fact discern. Look at it this way, those people who doubt that SLJB is for real and that the numbers will propel it higher next week have most likely bailed by now. There were a number of down days and weak sideways trading days preceding the anticipated release of the audit. Ample time to bail. And yet the stock has traded sideways... believers replaced by non believers and no downward spiral of the sock, infact a climbing patern has been established. Now in the absence of news through Monday, you are telling me that people are just as likely to bail out on Thursday and Friday as they are to buy. By what logic do you come by that? I say they would have bailed already. Hence the only momo that I expect to see between now and release of news is up. Do I know it with absolutely certainty? Of course not. But it is a crap shoot? Of course not again -- it's an educated assessment based on my experience in watching charts and trades.
--------------------------------------------------------
Posted by: couchptado
In reply to: dashrip417 who wrote msg# 72013 Date: 9/14/2006 12:34:42 PM
Post #
Great logic - -
I`m saving this post to show to my WIFE !!! lol
Couch
---------------------------------------------
Posted by: Mel Williams
In reply to: None Date:9/14/2006 12:39:16 PM
Post #of 73067
Look, I hope you're all right that the forthcoming events lights a fire. As I've said before, it's my opinion that future events are discounted in today's stock price. Today's stock price is $.08. With all of the supposedly assurance that events are going to unfold as hoped, I would think today's price would discount that, no?
-----------------------------------------------
Posted by: dashrip417
In reply to: Mel Williams who wrote msg# 72028 Date:9/14/2006 12:41:53 PM
Post #of 73067
Mel, today isn't over yet
We have traded over $500,000 worth of stock thus far and it's upticking. The break of .085 is what will convince sideliners to join the game.
-----------------------------------------
(this post is from a few minutes after the PPS of SLJB hit.086)
Posted by: dashrip417
In reply to: None Date:9/14/2006 12:48:19 PM
Post #of 73070
And now Mel, fringe and the rest of you fine fellow board members,
This is where I shut off my computer and say see you Monday.
My work here, proving the obvious, is done.
Enjoy the run.
DASH
--------------------------------------------------
Posted by: dashrip417
In reply to: None Date:9/14/2006 3:28:54 PM
Post #of 73072
Checking back. Surprised? NOT
Funny to read posts from those who sold today before the run that has just begun is near done. Bah bye now. You can't have any of my shares bay bay.
-------------------------------
Hey, whaddaya think, resume' material?
... for my future stock picker website?
--DASH
-------------------------
Posted by: dashrip417
In reply to: None Date:9/14/2006 11:38:00 AM
Post #of 73062
My own reading of the chart
and anticipation of the impact of a look at the audited financials for the wider market, makes me believe that SLJB is about to run north of .10 today, maybe as high as .14.
Look out above!
-------------------------------------------
Posted by: Suljak
In reply to: dashrip417 who wrote msg# 71950 Date: 9/14/2006 11:49:10 AM
Post #
I sure do like your interpretation dar,
You sure you weren't sipping a little vino today?? LOL
The "is about to run North of .10 etc" is acurate but maybe not today?
Glad you see the light man. GLTY
Okay...I'm going to hold you to your prediction!
.10-.14 it is!!!! I can dig it. Back to .084...I'm looking out above!
There you have it Suljiers...the run up is near!!!
Anything under a quarter is a gift.
-------------------------------------------
Posted by: dashrip417
In reply to: fringe_remnant who wrote msg# 71998 Date:9/14/2006 12:15:15 PM
Post #of 73066
Where we're at on that chart
In my opinion, where we are at today is at a very similar point to the three green candles you see back on the chart in the area of July 24... see where the third green candle dips to start the day below the previous day's high and then ends up a massive bullish candle by the end of the day in a huge breakout. That's the basis for my reading of .10-.14 today. Same four red candles preceding the breakout... (mid July) same set up leading into breakout, similar hugely positive reason to anticipate the breakout with the release of financials coming.
I agree with snips that action is coming ths afternoon. the sellers will really have dried up by then. Nowhere to go but up into Monday.
Thank you for posting the chart fringe.
GLTA
--------------------------------------------
Posted by: fringe_remnant
In reply to: dashrip417 who wrote msg# 72003 Date: 9/14/2006 12:21:08 PM
Post #
"I agree with snips
... that action is coming this afternoon"
"the sellers will really have dried up by then. Nowhere to go but up into Monday."
How do you know the direction? NOBODY DOES. This is a carefully managed crapshoot, high risk. The chart is revealing nothing about forthcoming events, other than one will happen soon, IMO.
fringe
----------------------------------------------
Posted by: dashrip417
In reply to: fringe_remnant who wrote msg# 72005 Date:9/14/2006 12:27:51 PM
Post #of 73066
Fringe, about direction
I respectfully disagree with you that this is strictly a crapshoot. If it was, I would not be here. If I actually enjoyed shoting craps or playing casino games I would just go to the casino. From my experience in investors' behavior and reading charts and anticipating events in advance of news, direction is something that I believe you can in fact discern. Look at it this way, those people who doubt that SLJB is for real and that the numbers will propel it higher next week have most likely bailed by now. There were a number of down days and weak sideways trading days preceding the anticipated release of the audit. Ample time to bail. And yet the stock has traded sideways... believers replaced by non believers and no downward spiral of the sock, infact a climbing patern has been established. Now in the absence of news through Monday, you are telling me that people are just as likely to bail out on Thursday and Friday as they are to buy. By what logic do you come by that? I say they would have bailed already. Hence the only momo that I expect to see between now and release of news is up. Do I know it with absolutely certainty? Of course not. But it is a crap shoot? Of course not again -- it's an educated assessment based on my experience in watching charts and trades.
--------------------------------------------------------
Posted by: couchptado
In reply to: dashrip417 who wrote msg# 72013 Date: 9/14/2006 12:34:42 PM
Post #
Great logic - -
I`m saving this post to show to my WIFE !!! lol
Couch
---------------------------------------------
Posted by: Mel Williams
In reply to: None Date:9/14/2006 12:39:16 PM
Post #of 73067
Look, I hope you're all right that the forthcoming events lights a fire. As I've said before, it's my opinion that future events are discounted in today's stock price. Today's stock price is $.08. With all of the supposedly assurance that events are going to unfold as hoped, I would think today's price would discount that, no?
-----------------------------------------------
Posted by: dashrip417
In reply to: Mel Williams who wrote msg# 72028 Date:9/14/2006 12:41:53 PM
Post #of 73067
Mel, today isn't over yet
We have traded over $500,000 worth of stock thus far and it's upticking. The break of .085 is what will convince sideliners to join the game.
-----------------------------------------
(this post is from a few minutes after the PPS of SLJB hit.086)
Posted by: dashrip417
In reply to: None Date:9/14/2006 12:48:19 PM
Post #of 73070
And now Mel, fringe and the rest of you fine fellow board members,
This is where I shut off my computer and say see you Monday.
My work here, proving the obvious, is done.
Enjoy the run.
DASH
--------------------------------------------------
Posted by: dashrip417
In reply to: None Date:9/14/2006 3:28:54 PM
Post #of 73072
Checking back. Surprised? NOT
Funny to read posts from those who sold today before the run that has just begun is near done. Bah bye now. You can't have any of my shares bay bay.
-------------------------------
Puts us on the Do-Buy exchange, does it not?
At higher than .10 cents, or $50M market cap, correct. More upside tomorrow and Monday.
Checking back. Surprised? NOT
Funny to read posts from those who sold today before the run that has just begun is near done. Bah bye now. You can't have any of my shares bay bay.
And now Mel, fringe and the rest of you fine fellow board members,
This is where I shut off my computer and say see you Monday.
My work here, proving the obvious, is done.
Enjoy the run.
DASH
Mel, today isn't over yet
We have traded over $500,000 worth of stock thus far and it's upticking. The break of .085 is what will convince sideliners to join the game.
Fringe, about direction
I respectfully disagree with you that this is strictly a crapshoot. If it was, I would not be here. If I actually enjoyed shoting craps or playing casino games I would just go to the casino. From my experience in investors' behavior and reading charts and anticipating events in advance of news, direction is something that I believe you can in fact discern. Look at it this way, those people who doubt that SLJB is for real and that the numbers will propel it higher next week have most likely bailed by now. There were a number of down days and weak sideways trading days preceding the anticipated release of the audit. Ample time to bail. And yet the stock has traded sideways... believers replaced by non believers and no downward spiral of the sock, infact a climbing patern has been established. Now in the absence of news through Monday, you are telling me that people are just as likely to bail out on Thursday and Friday as they are to buy. By what logic do you come by that? I say they would have bailed already. Hence the only momo that I expect to see between now and release of news is up. Do I know it with absolutely certainty? Of course not. But it is a crap shoot? Of course not again -- it's an educated assessment based on my experience in watching charts and trades.
Where we're at on that chart
In my opinion, where we are at today is at a very similar point to the three green candles you see back on the chart in the area of July 24... see where the third green candle dips to start the day below the previous day's high and then ends up a massive bullish candle by the end of the day in a huge breakout. That's the basis for my reading of .10-.14 today. Same four red candles preceding the breakout... (mid July) same set up leading into breakout, similar hugely positive reason to anticipate the breakout with the release of financials coming.
I agree with snips that action is coming ths afternoon. the sellers will really have dried up by then. Nowhere to go but up into Monday.
Thank you for posting the chart fringe.
GLTA
My own reading of the chart
and anticipation of the impact of a look at the audited financials for the wider market, makes me believe that SLJB is about to run north of .10 today, maybe as high as .14.
Look out above!
Great post
All the way through, momoney, including that spectacle with AWYB.
As for SLJB, I'm one of those people who bought a large block (for me) and have been sitting on it with the idea that the stock ought to be and may be more fairly priced in the dollar(s) range by 2007 at least.
That was more than a paint job
That looked like a serious chunk of shares bought at .08 at the close. It looked to me in the last 2 minutes the volume jumped from 10.4 M to 10.7-plus M and it was buying at the ASK!
Smart money, too!
Oops your chance at an ASK sub.08
apparently just went "poof!"
If I was a sideliner and not all-in on SLJB
and I was looking at this chart overnight, I would be thinking seriously about jumping in at the open tomorrow/Wednesday morning before it zooms past 08 again.
Things are looking good
So if SLJB closes at .077 or higher today
and it's one day closer to the promised release of financials showing this is a .03 to .11 cents per share net income company, and after following five red days where it consolidated tighter and tighter in the low 7s, those rocket scientists and brain surgeons who are flipping today, or those on the sidelines waiting to buy, actually expect to buy this thing at -- where? -- low sevens again? .071, or upper o6s? yeah. Keep dreaming. If it was going to go down to the mid sixes again, it would have done so already.
Kirk out.
So if SLJB closes at .077 or higher today
and it's one day closer to the promised release of financials showing this is a .03 to .11 cents per share net income company, and after following five red days where it consolidated tighter and tighter in the low 7s, those rocket scientists and brain surgeons who are flipping today, or those on the sidelines waiting to buy, actually expect to buy this thing at -- where? -- low sevens again? .071, or upper o6s? yeah. Keep dreaming. If it was going to go down to the mid sixes again, it would have done so already.
Kirk out.
This is a seven-bagger from .07, short-term
Look at the obvious signs: Stock symbol change and it spiked / opened at .15 for a high. Retraced to .06... accumulation, more accumulation, climbs to a base of 07 runs up to .085 this week, retraces... audited financials waiting in the wings to prove that this company earns at least three cents per share, taking in over $200 million in profits per year.
There are GARBAGE penny stock companies out there, people, that earn maybe a million bucks a year with a vague promise of doing better and that have hundreds of millions of shares outstanding and they are trading upwards of .20, .30 cents to a buck or more! you don't want to pay seven cents for a company that sells hundreds of millions of dollars in building supplies and cement with more projects in the Middle east pipeline and elsewhere?
That CEO bungle this week was regrettable, yeah, so you still have time to get into this stock. Not a ton of time but enough. My prediction: It breaks past .09 next week or the week after and runs fairly steady to about .50 before a retrace. A seven-bagger from here.
So as not to neglect the serious "questioners" on here who like to dwell on whether the sky is about to fall let me respond in kind: BLAH BLAH BLAH
Gwikley, I'm right with you in thinking
about the cash value traded per share. That says something. That's a lot of real dollar-interest in a stock. For example, the other stock I'm holding has grass growing under it with very little interest (although it's a solid buy too in my opinion) PRVB, Powder River, with 57K shares traded today on a .45 stock, that's only about $25 thousand bucks worth of trading. YAWN. Now this... different story. Much more exciting and those who sell Sulja here can expect to either chase hard, or miss the boat, short-term.