Sulja Bros. Building Supplies, Ltd (SLJB)

[PowerPole]

re: SLJB's charts...At this time, it's charts can't say much...It's a Fundamentals play right now, and a lot depends on any kind of news the company can give us right now in these times of disaster...

Anything positive and verifiable they can give us might help the pps move up, but after the loss of confidence in the CEO, and the terrible press coverage he is receiving at this time I kind of doubt this one will ever recover, unless the Audited Financials are made public and they look good...

I'm not going to hold my breath that they release the AF's anytime soon...That is truly the ONLY thing that can save this company now IMO...

The five minute and the hourly charts are extremely hard to read due to the Fat Fingered Freddy trade that went off at .27 at noon on Thursday...

IMO, this was the MM's taking out all of the leftover limit orders to sell stock (with a Fill or Kill order) that were skipped on the fall from .09 to .01 in the first 4 minutes of trading that day...

It's also a trick the MM's use to skew the Technical Indicators on the charts to make them unreadable...Plus it throws off the candlesticks and makes them so close together that reading any chart patterns that develop hard to read...All we can go by now is the overall look of the Technical Indicators...

The five minute chart shows Accumulation (the light blue line) upticked at the end of Thursday, and closed at Friday at about the same level...OBV (smart money-yellow line) looked fairly strong at the end of Friday's session...



The hourly chart shows CMF Money Flow (solid green) actually went positive at the close on Friday...The rest of the Technical Indicators are fairly flat, but the most interesting thing I see on this chart is the MACD fast line crossing up through the slow line Friday at around 2pm, and the MACD Histogram was steadily upticking and went positive above the zero line at about the same time...The MACD Histogram is called the "headlights around the corner", and let's you see what "may" be coming in the future...



The daily chart is obviously in bad shape, with NONE of the Technical Indicators showing any sign of improvement...



You asked "do the charts show any stability at three cents?"...

Like I said, it's not about the charts now...It's up to the Company to issue the AF's or a press release that explains exactly what is going on with this Company in an attempt to salvage any creditability they have left, which IMO is nearly zero at this point in time...If a new CEO is announced before the opening bell on Monday, that might help the creditability issue here...

It's obvious now that the CEO has mislead his shareholder's in every PR he has put out in relation to the releasing of the AF's...And also on the Blog on the company website...

No news from the Company on Monday-three cents will offer no support at all...

Release the AF's no matter how bad they really are-and a bit of creditability returns and the pps may have a chance to go up again...

I say "may", because there are way too many people out there have put this one behind them for good already, and will never play it again...

Plus they have lost the chance that any new investors will be interested in this stock if they have witnessed the developments of late last week...

Of course, all of this is purely IMVHO...

Good Luck! to us all...We're going to need it...