I'll be putting in a few studies on CRC.v into the public charts...
I have been watching this one for weeks... both on Level II and charting it renko and candlestick. Level II suggests the bottom is in at (0.85 TO .095) if you reference the charting with the renko trend indications.
It is due for for a financing, but is likely to come in at .09 cents or higher.
Dilution will not be a factor IMOP.
There may be a surprise announcement in the financing... but that is my own personal speculation...
There is a huge amount of activity of insider buying from .30 cents and down (no insider selling)and just recently I am seeing some very positive action on level II with the teardrop effect.
A recent call into CRC has assured me Canaccord will not be involved in any financing (We'll see). You can expect dilution of about 15 million shares or more in one form or another. It is my opinion it will be an investment.There should be no fear of institutional selling into strength by a huge overhang as a result.
Again my speculation and it is not something I would post without further proof... I would expect the financing should cover the work in the pipeline till the end of the year...
There is still time to buy in, so don't chase... .085 would be a good buy up to .13 cents for near term gain. However the potential for a 10 bagger is there if they hit hot on the drilling... scheduled soon.The burn rate is a loose 40,000 per month moving up to 400k per month during drilling.
This is a long hold looking to 1.00 or higher with the right news.
With great news we could see much higher. We'll call this your lottery ticket...
For entertainment only.
GLTA Lostoutwest
Kenuck SmallCap Trader
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Friday, March 5, 2010
Thursday, March 4, 2010
SQI.V
I've been following the stock for 2 weeks on Level II, and charting the progress in various different charting studies ( there is a total of 20 different studies, and I flip through them like a movie clip...) I like to crystal ball with some of the envelope studies... the premise is that these studies (envelope) can reveal what is not commonly known as a run away price move.... I use them, and some other check points to go after new highs and continuation patterns that would cause a diminishing supply to wash out before the bulls run out of steam. When the price breaks out of the top envelope, the price is considered to be run away. It may move slow , it may move fast, but until it closes below the envelope for one session, if the trend is up, the potential for a new high is better than average so it is quite reasonable to expect the unexpected.
We have a break above the envelope in the last session...
There are some prerequisites that must be factored in ...
heavy institutional selling. check (hit the median point at .28 cents)
drop in price from relative new high. check (Back fill)
strong retail investor interest. check (strong volume and persistent rise against the ask on Level II)
high volume. check (the trend is up, so continued strong volume drives the price with trend)
up trend still intact. check (volume is still strong)
buying must move into the position on low momentum white soldiers. check
bollinger should be pinched. check
The assumption of the study is that supply is diminishing... the consolidation is washing... the move is still to the upside.
The fundamentals are very good from a speculative perspective, and the price is about 2 to 3 times under what other comparable stocks with good speculative points of consideration have achieved over time.
Considering the wide difference of opinion on the board(confusion), and the positive divergence in the charts... I like to believe the charts price everything in...
I have taken a position at .35 with a tight mental stop... the news release this morning appears to be good and there is no pre-market volatility. Level II bids are solid as of 1/2 hr before open (not necessarily an indication of anything)and twice the selling ask.... the bulls are ferocious. LOL.
GLTA
GLTA Lostoutwest
Kenuck SmallCap Trader
National Post
Grandich
StockCharts Public Chart List
CBCnews
Please read our Complete Disclosure
If you see the hand... click on screen shots to enlarge them.
We have a break above the envelope in the last session...
There are some prerequisites that must be factored in ...
heavy institutional selling. check (hit the median point at .28 cents)
drop in price from relative new high. check (Back fill)
strong retail investor interest. check (strong volume and persistent rise against the ask on Level II)
high volume. check (the trend is up, so continued strong volume drives the price with trend)
up trend still intact. check (volume is still strong)
buying must move into the position on low momentum white soldiers. check
bollinger should be pinched. check
The assumption of the study is that supply is diminishing... the consolidation is washing... the move is still to the upside.
The fundamentals are very good from a speculative perspective, and the price is about 2 to 3 times under what other comparable stocks with good speculative points of consideration have achieved over time.
Considering the wide difference of opinion on the board(confusion), and the positive divergence in the charts... I like to believe the charts price everything in...
I have taken a position at .35 with a tight mental stop... the news release this morning appears to be good and there is no pre-market volatility. Level II bids are solid as of 1/2 hr before open (not necessarily an indication of anything)and twice the selling ask.... the bulls are ferocious. LOL.
GLTA
GLTA Lostoutwest
Kenuck SmallCap Trader
National Post
Grandich
StockCharts Public Chart List
CBCnews
Please read our Complete Disclosure
If you see the hand... click on screen shots to enlarge them.
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