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GSL
PSAR about to flip, MACD, RSI under 30. Careful though, this one is supposed to get some resolution on its credit facility Fri 31 Jul and it trades low volumes.
AEZ ready for a move up?
AEZ ready for a move up?
AEZ ready for a move up?
AEZ ready for a move up?
What happened to 100 million authorized and the fact that Nevada SOS is still showing their status as default? Is the 100 million authorized in effect or is it still 2 billion?
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=T%252bq%252fzU1uzKn71j442j1w7Q%253d%253d
Looks to me like .04 is the support for now. Yesterday's action seemed shady to me. If a stock actually has 10 million in the float and a half a million of buying (assuming those were buys) blocks doesn't move the ask up something is going on--either a prearranged buy or a dump. I'm honestly not sure what to think of this co yet and have only invested a small amount to keep my interest. One thing I can see is that they like to PR. They might want to rethink that until they have something truly material as it seems to have lost its effect.
Golden Cross
Don't think anyone has mentioned it but a golden cross of 50 day crossing above 200 day moving averages is going to hit any day now. This is typically extremely bullish for a stock. If they could get some buying volume in instead of this half assed low volume trading we could have something to hang onto.
On another note the co could help itself by getting Nevada SOS to update their filings as they are still showing 2 billion authorized. This was supposed to be updated within a week and it's now 11 days. They are also still showing default and if they are current this should also be updated.
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=T%252bq%252fzU1uzKn71j442j1w7Q%253d%253d
.002 will be strong resistance now but I think it'll break that on its way to .003.
Revised my Estimates Based on today's action/volume
I just noted that the 10/20/50 SMA's are lined up on top of each other in an ideal position for a large updraft. The MACD is moving up and is above the zero line, something that hasn't been seen in a very long time.
I am suspending my normal negativity on this stock and am now calling for a move up to .003 or so based on the resistance level hit around last Sep/Oct 2008. This move could actually exceed that target. All my opinion.
Two days early not that it makes me happy.
Were you around this weekend? Do you follow TAKI's undervalued penny stock thread or the many other threads that he discusses stocks. Believe me or don't but you NEVER would have seen that volume level of 100 million if he and many of the traders on IHUB didn't see a whopper in the making. IMO no one "knows" anything or were "positioning" themselves. This was a pure PPS chase up. Hey I hope it keeps going but don't count on it.
Seriously? Um OK.
Prediction: .0009/.001 by Friday at latest. Pump is over.
I just know these moves seen it a million times. Not saying this isn't a good company that won't eventually be valued fairly if they ever get their shit together on the share structure but anyone coulda seen this pump from 100 miles away starting this weekend. Nothing moves up this fast without getting profited on. You'd be foolish not to if you had a gain.
Looks like 15 was it. Great pump, went WAY higher than I thought! Congrats and beautifully done! See ya back at .001/.0011 or lower EOD.
A lot of the action at .001 is probably selling. Days like today traders can take advantage of the volume and get some high volume ASK sells.
NGD Golden Cross hitting today
Stock under pressure but looks like the GC is almost here.
50/200
Looks to me like some weekend pumpers took advantage of the .001 bid and got some profits.
Are you asking if the company is going to make a blanket decision to unrestrict everyone's shares that owns the XPGH restricted from the XLPI spinoff? I'd like to know that too. Would rather wait for that than spend 200 dollars and fill out a bunch of ridiculous (have you seen the paperwork to unrestrict? Oy, what a mass of a mess--if anyone has done it before please chime in) timewasting paper.
The concurrent drop in A/S is the key feature as it indicates no intent to further dilute but only to pare down the O/S to make the stock more moveable. The further dilution prospect is what kills the standard R/S. If there wasn't to be a commensurate drop in A/S, the whole thing would be highly detrimental. I don't know if he has considered what I'm talking about or not. Maybe he and others figure that just the fact of an R/S, regardless of the A/S drop, would be seen as a negative. Certainly, as I have said, if there would not be a plan to trim the A/S, a reverse split is extremely bad for shareholders.
Been Thinking Regarding Share Structure.
This has probably occured to others...what would be the possiblity of doing a reverse split, say 1-10, along with a concurrent R/S of the A/S of the same amount, dropping the authorized to, say, 100 million at the same time. Then there's no possibility of raising the O/S again since the authorized dropped right along with the outstanding shares. Immediately move the PPS to around a penny but the authorized would remain at the same relative amount, 100 million shares and maxed out just like it is now.
I think our main problem at this point, besides lack of visibility, is we're hobbled by a billion O/S. This way, if good new comes in, we could really get some blast off potential from, say, .01 with only 100 million in the outstanding. I've seen this done before with other pennies and it gets some good mojo going because it is an attempt to support shareholders directly and removes the possibility of the CEO simply R/Sing and not changing the authorized, so he can potentially dilute into it again.
EEOUCH, better check the O/S.
I don't think many shareholders would take kindly to that scenario as he has stated emphatically that no A/S raise and no R/S. OK, well and fine, and I hope for my sake he sticks to that. However, in my opinion, many longtermers would simply take the hit and say bubye if he pulled that. I know I would because what would there be to hang onto at that point? I think this CEO needs to know this and temper his future decisions on raising cash with this in mind.
If it happens there won't be any warning in my opinion. Keep on top of the Nevada SOS site.
I think everyone, regardless of anything the CEO has said, should be on HIGH A/S watch at this point. This is a very dangerous position to be in, to be virtually out of shares to sell, for a pinksheet company. All my opinion and not saying it's going to happen just be careful here.
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=xDtvLGKTzitzBd4fHrct7Q%253d%253d
New Gold (NGD) getting some positive press:
A couple of articles from today
http://finance.yahoo.com/q?s=NGD
New Gold getting some positive press:
A couple of articles from today
http://finance.yahoo.com/q?s=NGD
I'm just saying that given some time and impatience, if there isn't anything PR'd in the few weeks, this will probably sell back into the high trips. Keep some powder dry. Good company here but the stock has a history of struggle and I don't see that as changing until something hugely material such as a WMT or Lowes contract. Also remember that you have essentially a billion OS now.
In my opinion it will drift back to the upper .000's, around .0008 or .0009 as the "CC" excitement wears off. I would hold off til then to pick some up.
EXPH--Monday could see .002 with the right news. Maybe this one's finally gonna have its day.
It's really obvious now how important it is for them to release financials. Once he puts his signature on them and all the world can see, that's what will drive this toward fair value. That's assuming of course that they're worthy of a higher valuation. I've gotta think though that at less than a million marketcap, if he releases anything close to what he's talked about, fair value will be at least a penny.
.0015 close?
.0009 (5) X .001 (1)
.0007 (1) X .0011 (2)
WOW, MMs really have a lot of supply at .001!
There ya go no sooner spoken...
Charts Predict: DOW Fading, 7500 Likely
USD to Strengthen.
http://www.cnbc.com/id/31058579
The CEO has publically stated that there will be no R/S and no raise in the A/S. A/S is a billion and OS is around 900 million. So, I would think there is some good news in the pipeline.
900 million shares.
RSI touching 30--Oversold, may be a good time to start some accumulation.
That was a paint but for the chart's sake, I'll take it.