SIRIUS XM SATELLITE RADIO FORUM
I just put this post in so you wouldn't get zonked by a big chart.
Hi Gang,
Interesting day.
I have a lot of trades to modify tomorrow looks like. Then from there, I'm really cutting back - I can't manage all of these and get anything else done during the day. The pinks are ok, since I'm not putting big money into them, so I don't have to sweat too much.
Anyway...
BCLE - inside day, meaning candle is completely within the previous day, so consider that a scratch. No short term trend at the moment. But I like where the price sits. Though, the low side of the reverse symmetrical triangle still is at 0.016 or so, but that's not like a 90% loss or anything.
BEHL - still shows an overall uptrend using various criteria, but I'm weary of the daily candles - I wouldn't enter at this price (for me), but if I was holding it, I'd feel ok. The 60 min EMA's are holding up.
MGLG - I bet the MMs are playing this one a little, there is the potential to finish a descending triangle on the 60 min (again, classic patterns mean less on these time scales) by hitting 0.0010, which is also support and resistance for the gap area. I wouldn't doubt it if it gets taken there before an upswing, or even to the lower end of the gap (which its not technically a gap with the wick of the candle 4 candles previous (again, all on a 60 min chart)... but at the end of the day, the fate of the triangle must be decided.
SIRI - broke out of a descending triangle today finally. I keep a closer eye on this guy, but haven't scanned for targets. Back in april - multiple TA targets going back from a few weeks to years ago to 2003 all pointed to 0.57 to 0.62, so I was good to sell a penny shy at 0.56, but took 0.62 after it hit 0.60. This time, its not so clear cut, and I actually want to be long this stock, but with all free shares in my cash account, so I'll take a closer look since I'm not in the 100% free zone, and look for a possible sell point. Though, if it chugs slowly up, I may not cut any out at all.... a big ass spike though could aid in the goal though.
AAPL - AAPL is at a turning point (not sure if you guys care about this), but after we talked about longer term charts, a break to $140.50 with a close would pierce a weekly trendline, and confirm the daily bounce off the 50 SMA and lower trendline - at which point, I cover my short, and go long possibly. 1000000 new iPhones sold can't be too wrong.
Free wifi - I got the stilletto installed today, and since it picks up sirius on wifi, I noticed it looks for signals and says which are locked... so I don't need an iphone for this afterall - though - it doesn't cover the 40 other apps I wouldn't mind wasting time with, haha. First songs I heard was something from Elton John, followed by Seether's metal version of Wham's "Careless whisper".
Last edited by Dr. Dave; 06-25-2009 at 10:22 PM. Reason: I wrote "the seether" not "seether"
The production numbers are inevitable now!He who flips...will miss! We are moving on up to the Eastside! It is just when the day is this week or next. Karen said the numbers are coming.
I sure hope there is a good response to the numbers.
If I set all you guys up for a big disappointment I'm gonna feel terrible.
Hey buddy,Originally Posted by ShotsII
What I am going to say here is NOT directed towards you. I am just thinking out loud.
How in the world could this be bad? I guess I don't get it. They drill the hole and have gas and oil. They have 24 holes producing gas right now. They couldn't sell it because the BTU level was too high (too hot for those not familiar with btu's. The government will only let 11000 British thermal units and less to be sold.). They have solved the problem with a compressor and are now producing. They have 11 more leases that they just purchased and two more shale projects. Right now they are looking to buy additional leases and more wells.
It is true that in the last few months, during the money crunch, the diluted the stock to bring in more money to keep the company going, but they are past that problem now. I personally believe that they might buy back stock or r/s in the future, but not now.
Everybody has been waiting for the production numbers on the gas. Karen sent the email posted above last Thursday and nobody picked up on it.
I talked to her today, personally on the phone, for about 15 minutes and she told me the same exact thing that is in the email, but in more minute detail.
Do I have rocks in my head? She said the numbers are coming. Everybody has been bitching about the numbers not coming out. Now they are coming out as she said. She said they are imminent and that the day traders will miss out.
Am I nuts??
This information should be hailed in my opinion.
Shots, nobody can ever blame you, me or anyone else. Even if the stock went tits up, they have nobody to blame. The stock went up and made mega cash and they all had their chance to get out.
JMO, but this is going to skyrocket in the next week or two again and bigger. Nobody knows how to figure production figures, lol!
You are a great man! And thanks!
I hate to see anybody lose any money. This is the market and it is risky, especially with pennies and sub-pennies. You can get rich or lose your ass. I have an overly big conscience like Shots does. We just do our best with the information that we have.
Bill
Last edited by billhart22; 06-25-2009 at 11:53 PM.
WOW!!! Look at all the purty colors!!!
OK, lets see what we have here today.
OCNF: will be postponed from its originally scheduled date of Thursday, June 25, 2009 to Monday, July 13, 2009 at 10:00 a.m., Athens time. The Company has amended its proposal (Proposal Two) to increase its authorized capital stock to provide that only the authorized common stock will be increased. The authorized preferred stock will remain the same. The postponement will afford the Company's shareholders sufficient time to consider the matters on the agenda.
http://www.marketwire.com/press-rele...F-1004180.html
This is old news for OCNF but, it will be something to watch coming up.
RAMS: This one almost broke into the .60 range today
I personally like that price to buy in, baring any unseen news that may pop up.
NOG: Has been bouncing around the 6.00 mark, then broke out today on suspect volume. Really hard to find the plateaus on this one.
UAUA: The financial suicide stock, I thought for sure it would break below 2.00 this week. It got close, then popped on average volume. I won't even think about touching this clown unless it goes below 2.00.
Even then it scares the hell out of me to consider buying into this one.
CLNE: Now this is an interesting stock, not only does pelosi have around 150k invested in this green stock, I am sure it will benefit from the tax and kill bill. If they defeat this bill in the house, SHORT THE HELL OUT OF THIS ONE!!!! If not, might as well try an ride this one up too.
Sectors to watch if all hell breaks lose!!!
Utilities / Energy / Consumer-non-cyclical / Transportation / and the water transports too.
I have a feeling tomorrow will be a very uneasy day, for me anyway.
Have a good one people!!!
Disclosure: If you want to lose money, then listen to me!!!!
you cant do that... i bought in @ .0003 bought some at .0015 with some profits from behl.. im still freerolling this bad boy.the PR will come out when its ready.
looks more and more like BCLE bearish trend is reversing..will need more confirmation.
i still have an eye on cdiv and looking for an entry point. not sure where i wanna get it yet...i am anxious to see if gains from last run hold...shots , i dont wanna tell you what to do with your money, but be cautious...that was a hugggggggeee run up...man you couldnt find this 1.5 months ago??? and you call yourself a doctorjk..
bill et all, hope is well..does anyone know , when they took MJ on the ambulance, did he request a childrens hospital?
Congratulations to everyone on SSCCQ!!!!
I hope everyone made a killing on this one!!!!
Hey Jim -
Ya, tomorrow will be really interesting...It gives me chills.
That is terrific info on OCNF....I can't believe that they are going to dilute! I know they had some problems within the last 6 months, but apparently they have some bills to pay like MGLG did.
I will tell you , I expect a lot more of this from previously great companies. OCNF has made me and a lot of other people a lot of money. Once the cost for carbon gets combined in, if passed, then just bend over.
If you run across anything else it would be appreciated. I know that you keep up on specific bills in the house and senate.
Thanks for the heads up buddy!
Bill
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