Monday, August 14, 2006 10:03:14 PM
Update SLJB
i owned SLJB until right before the spike, i sold it prematurely based on a PR i found saying they were increasing A/S by 300mil to 800mil in anticipation of a R/S, i abbhor R/S's right after i sold they PR'd they were no longer considering a R/S and the stock took off along with some other outstanding PR's, this one is tough to call right now, i believe people are seriouly chomping at the bit to get this moving, i also believe they are holding back on the anticipated balance sheet and holding the pps down till the UAE buyer has gotten his 25% worth of shares in the company, i think that ivestor awareness has seriously grown here in last two weeks and they are having problems keeping the pps down now, looking at the chart that has shown the last two days, but even today did not break out of the downtrend it is in, there will be no holding this stock back once that balance sheet is made public and it is what the investors are looking for
TA - minuses - still in downtrend and bollingers are still wide open, volume has decreased and so has M/F, macd has not crossed back over
TA - pluses - the pluses look real good, M/F is still pos, A/D is on the rise again, RSI starting to move up, with a good day tomorrow macd has a chance of crossing over, stochs are in a good pos to go,
this stock is just too hard to call right now one way or the other, it could break out tomorrow without the balance sheet or any news, it could stay in the downtrend, if i was to guess, and believe me this is a gues, i would say it continues down until UAE man gets his shares and balance sheet comes out, this is only my opinion and is not necessarily the view of the other members who work this borad, any new DD would be appreciated and always do your own DD and invest wisely
midas
i owned SLJB until right before the spike, i sold it prematurely based on a PR i found saying they were increasing A/S by 300mil to 800mil in anticipation of a R/S, i abbhor R/S's right after i sold they PR'd they were no longer considering a R/S and the stock took off along with some other outstanding PR's, this one is tough to call right now, i believe people are seriouly chomping at the bit to get this moving, i also believe they are holding back on the anticipated balance sheet and holding the pps down till the UAE buyer has gotten his 25% worth of shares in the company, i think that ivestor awareness has seriously grown here in last two weeks and they are having problems keeping the pps down now, looking at the chart that has shown the last two days, but even today did not break out of the downtrend it is in, there will be no holding this stock back once that balance sheet is made public and it is what the investors are looking for
TA - minuses - still in downtrend and bollingers are still wide open, volume has decreased and so has M/F, macd has not crossed back over
TA - pluses - the pluses look real good, M/F is still pos, A/D is on the rise again, RSI starting to move up, with a good day tomorrow macd has a chance of crossing over, stochs are in a good pos to go,
this stock is just too hard to call right now one way or the other, it could break out tomorrow without the balance sheet or any news, it could stay in the downtrend, if i was to guess, and believe me this is a gues, i would say it continues down until UAE man gets his shares and balance sheet comes out, this is only my opinion and is not necessarily the view of the other members who work this borad, any new DD would be appreciated and always do your own DD and invest wisely
midas
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