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support for BKX and Dow have been tested and have held...so far. If these lines hold it will give some help to DXO.
*Dow is having trouble staying above 7200. Not looking good. I'm on the sidelines.
DXO may be trying to fill the gap, but with the BKX and the Dow heading south, DXO will follow. Looks like the Dow wants to revisit 7200. Always watching the BKX as a forward indicator. It is my canary.
spreads are narrowing in the futures. April wanting to rally, which will pull us along.
http://finance.yahoo.com/q/fc?s=CLN09.NYM
It would help put the wind at our backs if the market would lend a hand. BKX as a forward indicator is having trouble getting into the green. If we can get the BKX on our side, we will fly.
Oil inventories decline. Analysts were expecting an increase in inventories. This is helping buoy the price of crude. March futures expire Friday!
http://money.cnn.com/2009/02/19/markets/oil/
The Gold:Oil chart is telling. Either gold is coming down or oil is going up...or a combo of the two. Soon, and it might be rather dramatic. 3yr weekly chart.
http://stockcharts.com/c-sc/sc?s=$GOLD:$WTIC&p=W&yr=3&mn=9&dy=0&i=p92725331996&a=161612928&r=7772
The US Department of Energy publishes its weekly report on American energy inventories tomorrow (Thursday). The speculation has been that the inventories have increased - one of the factors keeping a top on crude.
Next OPEC meeting is mid-March. It has already been mentioned by member nations that they will discuss cutting output.
http://thechronicleherald.ca/Business/1106841.html
Look at the volume! At least there is a big gap that needs filling. Let's hope the buying around $2 holds. Indicators appear to be hugging the bottom. Who's sweating?
I see the Cotton Snake Oil Show is still doing its thing. It's hard to believe he is still attracting buyers.
Oh, boy, here we go again. Bob likes to shake hands with the Chinese and then put out press releases about it as a hobby. The Chinese will meet with anyone who claims they will have material to bring to market. How many times have we seen this with Bob? He will then blame the Chinese for not financing his business. These Chinese guys are shrewd and don't suffer fools.
...and back to .0001. Big surprise.
Huh? You jumped on board with 100K? Um, you invested $40?
You gotta kinda admire Cotton's ability to exploit the desire to believe. The artistry of a snake oil salesman.
And the chart painting on this one may be the most brazen I have seen. People see those 50%, 80%, 200% gains in a trading day and trip over themselves in a rush to get their hands on a bigger piece of the dream, when often the gain is based on a $5 trade.
ah, fraud is criminal, not civil, right?
I actually think it is 6. He doesn't go through with it. He files to thwart lawsuits and then has it discharged when the heat is off.
Sounds like yet another lawsuit is taking aim at Cotton. He's probably talking to a bankruptcy lawyer right now. That's what he does when anyone threatens to sue him. How many times has he filed for bankruptcy? Is it 6 times?
Remember last time Cotton was sending out the 'China is on board' PRs? He got the investors all excited with the PRs and then basically ended up blaming the Chinese companies for not giving him the money to get the minerals out of the ground. The man is...um...unique.
The 100s of millions will never materialize. Who would do business with this man? He files for bankruptcy every time someone threatens to sue him. The Chinese are on the hunt for raw materials. They'll take meetings with anyone who claims that they will soon have raw materials to bring to market. the Chinese say you dig it out of the ground and we will buy it. Then Cotton puts out a PR as fast as he can. The only problem here is that nothing will come out of the ground. Soon the PR will follow that everything was ready to go but the Chinese wouldn't help him get his mining operation started. I'm beginning to think he's not really a crook. I think he might be a little mental.
The only reason Cotton orchestrates a bounce in this "company" is to pick your pockets. Kinda sad to watch the enthusiasm here when some of us knew what was about to happen. There are real companies out there to invest in. The only reason to follow this one is for entertainment. Don't let Cotton steal your money with crazy PRs that have nothing to do with reality.
How in the world do you play a TA angle on this one when there is no volume? Sure, millions of shares get traded but this is a triple zero soon to be scraping the bottom. A million shares at at .001 (I'm being generous) is $1,000. Maybe you can work TA if you have a couple hundred in the pot, but is it really worth it, especially since the fundamentals on this one are not working in your favor. And if you have thousands in the pot, you likely won't be able to get your orders filled quickly, which can leave you holding the bag at .0001.
Folks, these promising PRs have been coming out for a very long time. The one constant here is that none of them (NONE!) ever come to fruition. Bob is either a madman or a crook. Neither situation provides a favorable outcome for anyone opening his wallet.
I've got some swampland in Florida to sell you all. It's a great deal. I'll be getting a press release out really soon. Better jump on board now before others catch on.
Lambs to the slaughter.
You might as well go out right now and give your money to the first person who smiles at you. Did any of you even bother to research the corporate officers? Degrees from community colleges and drug charges. Not one PR that this "company" has ever put out has ben realized. Not one! Oh, and let's not forget that the main man Bob has filed for bankruptcy multiple times to thwart lawsuits against him.
same, we are in a gold bull. Buy weakness and sell strength, not the other way around. .20 was the support target as we have been declining. The time to buy was/is .20. That's not the time to sell. I've had a buy order in for weeks at .20 and am glad it was finally met. I was worried that we weren't going to get there before the new year.
The LNXGF weekly chart is looking very similar to the price action in the fall of 2005. The next leg up is the big one.
Where's Waldo?...I mean where's Cotton? Maybe he caught a whiff of iron or copper in the Cayman Islands and is there rolling up his sleeves and getting business done.
There are no buyers. Cotton and crew have been busted. No one believes the bulls**t PRs. There were 300 shares traded on Friday. Um, that's a bit more than $7. LOL. It's about time for him to fold up shop and move on to his next scam. But it has been kinda interesting to watch.
I've almost made back, since selling, the money I lost. No bitterness. My own stupidity. Great education.
The bollingers are narrowing in on .15. Something has to give one way or the other...and soon.
Duh, what did they think was going to happen when they paid debt with stock? Big surprise. Nice to see that the last 3 payments are going to be paid with cash. That still leaves Sept. and Oct. before the craziness stops. Where exactly are they getting this one million? They have no money.
The problem is that there is no money. Without financing they will have to start selling property...or playing games with shares to raise cash. And there is little support at .25. If we can't get a boost from the strength of precious metals, we are heading to .20 and likely into the teens.
Are we going to get a lift with the gold price rising, or are we going to bounce off resistance and head toward .10? It's nice to see the volume picking up a bit. The shorts are probably about gone. As of last month the shorts dropped to about 77,000 shares ( a 10% decrease from the previous month), and with the volume increasing it's less than one day to cover...if they aren't already gone.
LNXGF needs to drill one impressive hole to get the share price flying and to encourage the interest of its big-boy neighbors.
Where's jersey? Why isn't he touting his stellar investment prowess? Maybe he's on the phone listening to Bob tell him all is well?
Yes, I'm still a little ruffled about abandoning my investment rules. I'm a sucker for a good story. CWRN killed that innocence. Never again. But I sure am glad I sold before the forward. One of the most important things when making an investment decision is vetting the corporate officers. I put my money on this AFTER I found out Bob's son was involved enough to be one of the main employees listed. He has two years (or is it one?) of community college. And I overlooked the poorly worded, seemingly hastily thrown together PRs. If a pink is putting out press releases with dodgy grammar and mispellings, watch out.
...wasn't a granville pick in 2006; it was late 2005.--just correcting my previous post. looking at the chart.
Oh, yes, I believe you're right. Was it May? I seem to remember LNXGF was a Granville pick last year before the quick rise from the teens. He called for $1. Didn't quite get there. He picked it again. Everthing is lining up for LNXGF to have a nice run. Of course, the most important thing to get it moving would be a discovery. I think there are a lot of folks watching from the sidelines. A 5 bagger from this price is very doable.
Just reread my post from June 1. I called it exactly--patting myself on the back. Unfortunately, I wasn't at my desk that day the price dropped below .15. Will I get another chance at prices below .15? I hope not. Trying to trade exact tops and bottoms is kinda dumb and dangerous, but it's fun to try to figure it out.
They love to trot out the top pick on the newsletter info, but wasn't that a year or so ago? And wasn't the price projection $1? Well, um, we didn't quite get there. BUT with the outlook for gold looking better and better, LNXGF could very well get a nice rise from the price we have now. I wish they would stop kicking the dirt and actually get going with some agressive exlploration.
I've been on the sidelines for awhile and finally started buying in the .15-.17 range. I'll hold for awhile, knowing this is a total gamble. I do like that LNXGF has a lot of neighbors pulling shiny stuff out of the ground. But this could be the neighbor with a yard gone to seed and a mangy dog chained to a tree in the front yard.
I see the saga is continuing. So glad I ate the loss and moved on. There are some new folks here pulling up chairs around the campfire. Be warned, don't be seduced. If it's not a scam, it's at least a huge fiasco flirting with criminality. I stopped even trying to keep track of the machinations. It just gets more and more bizarre.
--make that up 175% for the day. that's less than 18 thousand $. the machinations of these pinks are astounding.
Okay, when Bob gets things going and shakes off the pink, I will consider opening my wallet. Until then, I'm moving my money where I can actually see a gain. Parked money starts to stink. I can only play the hope game for so long, especially when the pied piper annoys me....Although, I would like to see our Bullit in those puffy short pants playing a flute and skipping as he leads us toward iron Oz. Oh, and a hat...a hat with a long feather that bounces as he skips.
Okay, I'll try Langan's. That's not too far from me. Two for me and two for you...and two for...well, six is a nice number; but I have to make sure I'm at home and sober before the trading day ends--watching a hot stock. God help me.
Please, don't pawn grandma's heirloom wedding ring.
Jersey, I hope you're right. I'll be watching from the sidelines. It's much more comfortable over here.
Seemingly promising forward-looking statements that NEVER come to fruition take their toll. I know, I know, CWRN is on the cusp of greatness. Those dividend shares are going to pay off big time, and CWRN is going to get on its feet and get revenue flowing even though it's most valuable, and viable, assets have been tossed into a new JV company. Things are on the upswing. These are exciting times.
I got out today, which means the price will triple by the end of the week.
I tell ya, pressing that sell button and seeing CWRN disappear from my portfolio is a relief. Now I'm going to walk through the park and go out for lunch (in NYC)...I need to find a place with a cheap menu. I'm feeling happy that I escaped with ONLY a 2/3rds loss. You guys who have been in for the long haul and are deep in the red (ouch!), I'll make a toast to you at lunch.