is looking for the next breakout opportunity!
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I think the right edge needs to come up a little further, but TA is obviously seldom text-book when applying to the real world
Pretty interesting!
Thanks for posting :Thumbsup:
Broke through one of the resistance levels but more ahead - particularly 3.10 range and 3.55-3.73
On a positive note though, looks like an inverted head and shoulders to me
http://www.chartpatterns.com/invtdheadandshoulderschrts.htm
I agree
Added this week
Currently three analysts track the stock. One says it’s a “strong buy”, while the other two say it’s a “buy”. The average price target is $5.50. The company currently holds $318.5 million in assets and $227.5 million in liabilities. With $68.3 million cash on hand and a market cap of only $66.83 million, the company’s stock trades below total cash per share.
Technical analysis wise, over the past 14 months the stock has retreated from $6.59 to the $2 range and appears to be establishing a solid support level. The company has a forward P/E of 2.48, Price/Sales of 0.60 and PEG ratio of 0.20. Insiders hold 15.59% of the shares outstanding, while institutions hold 15.20%.
Purchased CHLN for semi-longterm
Currently three analysts track the stock. One says it’s a “strong buy”, while the other two say it’s a “buy”. The average price target is $5.50. The company currently holds $318.5 million in assets and $227.5 million in liabilities. With $68.3 million cash on hand and a market cap of only $66.83 million, the company’s stock trades below total cash per share.
Technical analysis wise, over the past 14 months the stock has retreated from $6.59 to the $2 range and appears to be establishing a solid support level. The company has a forward P/E of 2.48, Price/Sales of 0.60 and PEG ratio of 0.20. Insiders hold 15.59% of the shares outstanding, while institutions hold 15.20%.
You're welcome
Needs to break 8.40 and hold
Showtime for ARNA...
Descending triangle on Intra-day
Not much time left for it to decide to keep downtrending or break through the triangle
Yep, actually ended up selling on the EOD run up. Might have given up some nice returns, but can't complain with what I made.
Will be watching closely tomorrow... will surley have a nice return when it decides to bounce
Pipe line: http://www.arenapharm.com/pipeline.aspx
Lead compound failed in NDA
yep, just needs a slight downward tilt to it for a couple/few weeks
Yes, next resistance is $59~
Needs to consolidate and hold it's new support level (old resistance) though before moving up further
Yep, very strong break of the $45-47~ resistance
Still holding on to FEEC
http://www.bloomberg.com/news/2010-09-09/blackrock-soros-fund-buy-stakes-in-far-east-energy-seeking-gas-in-china.html
Related News:China · Energy Markets · Funds .BlackRock, George Soros Fund Buy Stakes in Gas Producer Far East Energy
By David Wethe - Sep 9, 2010 10:10 PM GMT+0200
BlackRock Inc., the world’s biggest money manager, and a fund related to billionaire George Soros have acquired stakes in Far East Energy Corp., a Houston company that’s raising cash to develop natural-gas properties in China.
Far East sold new shares representing a 9.95 percent interest in the company to New York-based BlackRock for about $9.5 million, Bruce Huff, the gas producer’s chief financial officer, said today in a telephone interview. Far East sold the same size stake to a mutual fund that Huff declined to identify and an undisclosed number of shares to a Soros fund and other buyers, he said.
The sales, which were completed on Aug. 25, totaled $34.8 million. Far East is accelerating production of coalbed methane, a type of natural gas contained in coal deposits. Output in the Shouyang Block of China’s Shanxi Province surpassed 1 million cubic feet of gas a day, the company said last month. Far East has to burn off the fuel it’s producing until pipelines are in place to gather the gas later this year, Huff said.
“That’s why we’re moving so quickly to accelerate production,” he said. “The purpose here was trying to raise sufficient capital in order to really make a major impact on not only the production level, but also ultimately the potential valuation of the company.”
Far East plans to double or triple its production within four to six months, Huff said.
Melissa Garville, a spokeswoman for BlackRock, declined to comment on the investment. Michael Vachon, a spokesman for Soros, didn’t immediately respond to telephone and e-mail messages seeking comment.
Far East rose 3 cents, or 7.5 percent, to 43 cents as of 4 p.m. New York time in over-the-counter stock trading. The new shares were sold at a price of 33 cents. BlackRock fell $1.20 to $150.74.
Nice! Thanks for posting
Good to be reminded of the major players that are/have taken stake in this company
Very true, words of wisdom :Thumbsup:
Response to PM:
There is definitely resistance from here until $6. The indicators are pretty hot, but have room to go a little further.
Good observation on the developing cup & handle pattern. Of course, most of the time the handle has a slight downward tilt to it, so with the indicators getting pretty hot, we'll probably see a retrace either way before $6.05 is broken.
Keep in mind, the longer it takes to form the cup, the longer it will take to form the handle.
Looking really good for us right now.... got to hold this
Kudos to you eastunder for posting that chart. Led to me taking a position before Friday's pop
Awesome!
Really well my friend. Business is good and made some nice trades so far this year (haven't had time to make many, but the ones I did have turned out quite nice)
How's life treating you?
Nice!
You too!
Not sure what the pop is all about, but have to say I have never had worse timing with any stock than this one. Love the story and huge potential over the long term, but it has been very frustrating turning a short term profit on this one while waiting pateintly.
Great to hear!
I like Chili's lol jk
Pretty happy with it
The chart was text-book although this morning's action sure wasn't expected after yesterday's lousy trading
Out ROIAK
Up 14% right now
Wanted 1.50~ but can't pass up these gains in this kind of time frame
I'd wait for the $2~ support level established years ago
ROIAK purchased on the afternoon dip
Bought ROIAK on the afternoon dip
Credit goes to OTC_Showcase for bringing it to my attention
You too!
Hey SIIX, just keeping busy as usual :Thumbsup:
Haven't noticed any... BP might offer opportunity depending on where it opens Monday. Could have almost gambled some before close, but you never know what will happen.
Glad to hear your other trades are doing better. Drink that kool-aid haha
You too!
Thanks :)
Still hoping it goes much higher long term
Not a perfect company, but love their potential
What makes you say that? Because the stock price is down EOD?
Loving the recent action on FEEC!
Up 12%~ now on top of earlier gains
Up 8.09% on nearly 900k shares
Thanks for the post Mike