Copper King Mining Corporation fka CPRKQ

[double/down]

CPRK still in pincher mode, the right side hasn't been confirmed yet!

To get out of pincher mode the PPS needs to break out of the wkly channel on the APChart hold above that trend line channel to .019 break and hold!

but we are on the right side of the daily DBR pincher (double bottom reverse)finding the bottom

right now dilution and tax write off sells are pushing the PPS lower

20D and Psar are resistance, ,.005

(these are key support areas,the lower they go> the more likely .0049 will be broken)this is where u shud add !

The DBR is going to take time (when it happens is the best time to sell)

rite now .007 .0051 trading range..mite go lower

pincher chart

the square boxes tell us where we are/left side before it ran to .019/now the right side (find bottom first ,then the run to .038-.05)just be patient ,could take months!

learn to trade> not fall in love with the crap this company puts out

http://stockcharts.com/h-sc/ui?s=CPRK&p=...


this year CPRK diluted 3.25B shares with the PPS running about .014

yes u got the mill,but next year to keep that mill runing (operations) will cost "way" more then the mill or anything chance it has to grow itself!( this is why CPRK is a pink not a Start up company) ..it does not have to file the overhead costs rite now! the numbers are bad..bigtime debt)revenues way off!

next year the dilution will be alot heavier for two reasons!

1. the expense's to run the mill(operations)

2. PPS in .005-.01 range >>to raise money will cost alot more shares to be printed ( heavy dilution)

3.until CPRK becomes fully reporting(hint they will keep putting this off as dilution rises)you'll never know if any revnues are coming from the copper!

if i low ball AS @ 6.3B expect 10B

CPRK will have have a bigtime News event (next year) that'll run the price up..i say take it .038-.05


CRPK in a pickle end of year PR pickle ( PR with nothing in it forces more EOY selling vs. EOY selling anyways (taxwriteoffs)

understand what dilution will do for your investment

holds the price down first!!

Posted by: obamanomicz Date: Tuesday, November 17, 2009 7:03:25 PM
In reply to: None Post # of 45062

why hell does the OS AS FLOAT matter

everybody grab the phone we going to a 7yr low!

u r holding a bag

time to get out of this rut rite???

have patience DBR will be your second chance with CPRK!

Double Bottom
Double bottoms are also trend reversal formations, but this time we are looking to go long instead of short. These formations occur after extended downtrends when two valleys or “bottoms” have been formed.



You can see from the chart above that after the previous downtrend, the price formed two valleys because it wasn’t able to go below a certain level. Notice how the 2nd bottom wasn’t able to significantly break the 1st bottom.

www.babypips.com/school/double_bo...

now the APChart

this is a wkly chart with the trend lines

Note: CPRK's trend line has been down for two years..it fell to the bottom of the trend line last week!

no PR is gonna help this..will more likely hurt it!
note: this chart shows you to only swing trade in the channel...also lower lows lower highs..each step down will be harder to get out off
http://stockcharts.com/h-sc/ui?s=CPRK&p=...