I will be posting throughout the holidays... right into the New Year..
A 1/2 day ...Markets closed 1/2 hour ago.... Monday and Tuesday (closed) next week are in lieu of Saturday and Sunday (Christmas and Boxing Day).......
TSX and Venture
Open Dec 29 2010 Wed to Dec 31 2010 Friday for 3 full days...
Closed 3 days (Sat to Sunday of course) and Monday in lieu of New Years day falling on Sunday in the New Year......
Market open.... Tuesday in the New Year... Jan 4th 2011.
Happy holidays.
GLTA Lostoutwest
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This blog does Technical Charting on Online Canadian, and American Stock Plays to find the movers
( This site is not about being pretty... It's about self education in the art of gorilla charting and swing trading!
Friday, December 24, 2010
Update GQC.V
This news release may bring the price down... It is much the same as a financing at.20 cents... Hope you kept some powder dry... The reaction should spook some selling...
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 24, 2010) - GoldQuest Mining Corp. (the "Company") (TSX VENTURE:GQC)(FRANKFURT:M1W) advises that it will issue on December 24, 2010 early expiry notices to the holders of approximately 9,465,400 share purchase warrants (the "Warrants") which were purchased and issued pursuant to a unit private placement which was completed in April 2010 (the "Closing Date"). The Warrants are exercisable to purchase one common share per warrant at a price of $0.20 per share.
The Warrants contain a provision whereby if the weighted average trading price of the Company's common shares for 10 consecutive trading days between the date that is four months following the Closing Date and the expiry date of the warrants exceeds $0.35 on each of those consecutive days, the Company may give notice in writing (the "Early Expiry Notice") to the Warrant holder within 30 days of such an occurrence that the Warrants shall expire at 4:00 p.m. (Vancouver time) on the 30th day following the giving of such Early Expiry Notice, which will be January 24, 2011 (the "Early Expiry Date"), unless exercised by the Warrant holder prior to the Early Expiry Date. The Company's common shares have now traded at a weighted average price of greater than $0.35 for 10 consecutive days. Any Warrants remaining unexercised after the Early Expiry Date will be cancelled and will be of no force or effect.
Although it is unknown how many of the Warrants will be exercised, in the event that all presently outstanding Warrants are exercised, the Company will receive approximately $1,893,080 which will be added to working capital.
The Company has received to date $257,000 from the exercise of 1,285,000 Warrants issued pursuant to the aforementioned private placement.
On behalf of the Board of Directors,
Anna Stylianides, President & Chief Executive Officer
GLTA Lostoutwest
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 24, 2010) - GoldQuest Mining Corp. (the "Company") (TSX VENTURE:GQC)(FRANKFURT:M1W) advises that it will issue on December 24, 2010 early expiry notices to the holders of approximately 9,465,400 share purchase warrants (the "Warrants") which were purchased and issued pursuant to a unit private placement which was completed in April 2010 (the "Closing Date"). The Warrants are exercisable to purchase one common share per warrant at a price of $0.20 per share.
The Warrants contain a provision whereby if the weighted average trading price of the Company's common shares for 10 consecutive trading days between the date that is four months following the Closing Date and the expiry date of the warrants exceeds $0.35 on each of those consecutive days, the Company may give notice in writing (the "Early Expiry Notice") to the Warrant holder within 30 days of such an occurrence that the Warrants shall expire at 4:00 p.m. (Vancouver time) on the 30th day following the giving of such Early Expiry Notice, which will be January 24, 2011 (the "Early Expiry Date"), unless exercised by the Warrant holder prior to the Early Expiry Date. The Company's common shares have now traded at a weighted average price of greater than $0.35 for 10 consecutive days. Any Warrants remaining unexercised after the Early Expiry Date will be cancelled and will be of no force or effect.
Although it is unknown how many of the Warrants will be exercised, in the event that all presently outstanding Warrants are exercised, the Company will receive approximately $1,893,080 which will be added to working capital.
The Company has received to date $257,000 from the exercise of 1,285,000 Warrants issued pursuant to the aforementioned private placement.
On behalf of the Board of Directors,
Anna Stylianides, President & Chief Executive Officer
GLTA Lostoutwest
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Three Gold Miners
This link leads to a Seeking alpha article...
Three Gold Miners
They will be added to Public Chart List and charted for entry to be posted to the StockHouse Public Watch list.
GLTA Lostoutwest
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Three Gold Miners
They will be added to Public Chart List and charted for entry to be posted to the StockHouse Public Watch list.
GLTA Lostoutwest
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Links List
Street Wise:....
The Gold Report ......... The Energy Report
These two (2) sites above have 3 different link lists that you may wish to surf.... "Analysts" ... "News Letters" and "Web sites" ...all pretty much in the loop. Saves me a lot of time archiving (organizing) research links.
I use this page to scan through the different sites that offer insight and updates to popular picks, and the sites are pretty much in the loop... If stocks are mentioned... there is usually some type of reaction that can be charted... As well at the bottom of this post is a further list of default links that are included with each new post that is always placed on the most current post on the main board
The Market Oracle The_Gold_Report (a most favorite Bill & Ted stop)
Canadian Insider Canadian Insider
Sedar Sedar
Thursday, December 23, 2010
Update SQI.V
From a charting perspective.... SQI.V is looking pretty beaten up ... level II is deadlocked... and we know the shorts moved in over the first 2 weeks of December albeit it is tax selling as well ( I hate to sound evasive but it is also a fact that many spike ups come from a break just like this), and the break in the 200 day average shows no momentum as in the adx turning up to confirm the break is a run down... YET!
In my opinion when you can't know what is the right answer.... protect yourself. Depending on your position and strategy the opinion I'm presenting may not apply.
In the last update I suggested to think about a strategy if the break was in the wrong direction and I hope you did... still ... If it was me I would go safe until the chart cleans up.. unless your in love and are willing to take the longer speculation... If I consider averaging down.. I go to cash and exit the position and chart the consolidation or down move and then re-enter at a different spot...when the chart suggests a bottom...
You can always re-enter... if the price reverses and moves back up.... you can always re-enter.. this is my opinion and not advice........ ... the lower bollinger has been spiked past and before the day is out... it should come back up to .60ish.......... for an exit ... if your spooked.
GLTA Lostoutwest
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In my opinion when you can't know what is the right answer.... protect yourself. Depending on your position and strategy the opinion I'm presenting may not apply.
In the last update I suggested to think about a strategy if the break was in the wrong direction and I hope you did... still ... If it was me I would go safe until the chart cleans up.. unless your in love and are willing to take the longer speculation... If I consider averaging down.. I go to cash and exit the position and chart the consolidation or down move and then re-enter at a different spot...when the chart suggests a bottom...
You can always re-enter... if the price reverses and moves back up.... you can always re-enter.. this is my opinion and not advice........ ... the lower bollinger has been spiked past and before the day is out... it should come back up to .60ish.......... for an exit ... if your spooked.
GLTA Lostoutwest
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Wednesday, December 22, 2010
Heads up PGR.V buy .215 to .24
This is in an early uptrend with a prefered buy about .215, the last reaction bounce came in at .19 cents cleared up the asks on level II turning them into bull bait playing the teardrop on level II... Paragon Minerals Corp 32.9 mil shares not accounting for options and warrants... Book value per TD Waterhouse ... .41 cents.
Coffin brothers participated in the finance so they say... I'm accumulating the back fills... hope it is a good thing to do...
Some insider buying recently just under .20 cents by a director for $25,000 sounds like a good buy to me ...
No shorts... zip nada nothing as of Dec 15th... here's a link to an ADX trader study...
Paragon
The chart looks like it is particularly strong... Backfill should be accumulated..... then with momo, we should break .30 cents in the new year...
Updated '.. Stockcharts Public List
Recently financed: Paragon Minerals Closes $3.0 Million Non-Brokered Private Placement December 3, 2010
Coffin brothers participated in the finance so they say... I'm accumulating the back fills... hope it is a good thing to do...
Some insider buying recently just under .20 cents by a director for $25,000 sounds like a good buy to me ...
No shorts... zip nada nothing as of Dec 15th... here's a link to an ADX trader study...
Paragon
The chart looks like it is particularly strong... Backfill should be accumulated..... then with momo, we should break .30 cents in the new year...
Updated '.. Stockcharts Public List
Recently financed: Paragon Minerals Closes $3.0 Million Non-Brokered Private Placement December 3, 2010
Update LI.V
LI.V has moved out of the sweet spot into the coveted position of the golden cross above the 200 day average and is in position for historically long runs from this position... It's a long hold until proves different. Support would be 1.20 and that would be the area to buy over the holidays and early January if the opportunity opens to make a controlled risk entry. Stockcharts Public List
GLTA Lostoutwest
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GLTA Lostoutwest
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Update SQI.V
Getting a reaction in the price off the open... there can be no real supply from retail... so I'm watching for shorting into the strength.
Silver Quest Intersects Gold and Silver at Capoose, BC
08:00 EST Wednesday, December 22, 2010
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 22, 2010) - Silver Quest Resources Ltd. (TSX VENTURE:SQI) (the "Company") is pleased to report assay results for diamond drill holes D-10-143, D-10-144, D-10-145 and D-10-146 recently completed on the Capoose Project ("Capoose") located in north central British Columbia, 185 km southwest of Prince George. The assay results confirm that gold and silver mineralization extends to the east of the west arm of the deposit and further confirms that mineralization is open at depth on the east arm of the deposit. Mineralization remains open at depth and in all directions.
Silver Quest is planning to update the current NI 43-101 inferred mineral resource estimate of 53.45 million tonnes grading 0.41 g/t gold and 23.93 g/t silver for 699,000 contained ounces of gold and 41,120,000 contained ounces of silver (see news release dated March 4, 2010) to include the drill results from this summer's exploration program in early 2011. For more information and property maps see the Company's website at http://www.silverquest.ca/.
GLTA Lostoutwest
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Silver Quest Intersects Gold and Silver at Capoose, BC
08:00 EST Wednesday, December 22, 2010
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 22, 2010) - Silver Quest Resources Ltd. (TSX VENTURE:SQI) (the "Company") is pleased to report assay results for diamond drill holes D-10-143, D-10-144, D-10-145 and D-10-146 recently completed on the Capoose Project ("Capoose") located in north central British Columbia, 185 km southwest of Prince George. The assay results confirm that gold and silver mineralization extends to the east of the west arm of the deposit and further confirms that mineralization is open at depth on the east arm of the deposit. Mineralization remains open at depth and in all directions.
Silver Quest is planning to update the current NI 43-101 inferred mineral resource estimate of 53.45 million tonnes grading 0.41 g/t gold and 23.93 g/t silver for 699,000 contained ounces of gold and 41,120,000 contained ounces of silver (see news release dated March 4, 2010) to include the drill results from this summer's exploration program in early 2011. For more information and property maps see the Company's website at http://www.silverquest.ca/.
GLTA Lostoutwest
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Update DEI.V
DEI.V has moved into a trading range.... Accum/Distr and On balance volume have a strong showing... the range looks bullish and trendline support would come in at .35 cents short term. with the financing at a premium this is looking to move above .50 cents in the new year.
GLTA Lostoutwest
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GLTA Lostoutwest
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Tuesday, December 21, 2010
Heads Up MIN.V
I wouldn't be a Grandich fan if I didn't put this out... I have been watching MIN.V post rollback for hope we could see a good in under .30 cents but alas it isn't looking to be... I always get tingles when he talks like that Can't help myself I took a position, and will be looking to add if it drops back... there is a small short position about 279,500 last showing.......... if I remember post consolidation fully diluted was going to come in under 50 million shares... to identify the players and set up funding...
This is an early play (as well just trading publicly = bonus)....so the chart hasn't developed except to be undeveloped has it's benefits too... still I have updated a chart into the: Stockcharts Public List
GLTA Lostoutwest
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This is an early play (as well just trading publicly = bonus)....so the chart hasn't developed except to be undeveloped has it's benefits too... still I have updated a chart into the: Stockcharts Public List
GLTA Lostoutwest
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Heads Up ABR.V
I'm still looking this over as it was passed over to me from a long time poster aquaintence last week among some other stocks he was watching.... 40 million shares .... I hear will be 100 million fully diluted ( haven't read the details yet, doesn't quite make sense) from a recent buy in PP from Premier Gold Mines to Acquire Stake in Ashburton @.08 and more .13 cent warrants... this is now in the money so I'm seeing some paper on Level II... there are ways to lock the profit in before they can be sold... there was a wack of shorts as of the 15th of December( over 2,200,000... so I suspect the volume blew them out of the water and they have come back in force .... out with the old in with the new.maybe to do with the financing....., but overall once the paper is gone... the PP is set to close by Dec 22, 2010 this could see some new highs as the chart looks particularlly intersting and I will update this ABR.V... No big strike depths yet, but some real hot spots... A quick look and I see too much distribution on a very deadlocked level II to get excited... but you never know... when volume is concerned..
ABR was one of most heavily traded stocks on the Venture last week.
ABR was one of most heavily traded stocks on the Venture last week.
Tax Loss Selling
In canada for 2010 because of the settlement period which has to be completed by the 31st of December you would have to make the sale by this Friday DEC 24th 2010 to meet the settlement requirements for making a tax loss.
The rest of the post is compliments of ....
MoneyinMetals.com
"Tax-Loss Selling
As the tax - year draws to a close, tax loss selling may be an opportunity you could use to your advantage. Instead of paying tax on capital gains accrued during the year, consider selling out below-water positions to generate offsetting losses. Only your net capital gain is subject to tax. Net capital losses may also be carried back three years or forward indefinitely to apply against net capital gains.
With tax loss selling, the selling transaction must settle before the last business day of the year. (The three day settlement period implies the deadline may be before Christmas Eve). Given the subtle differences between the ways Americans and Canadians can apply this practice, MoneyinMetals advises you to seek out professional financial and/or accounting advice before you do this.
Why would you want to generate a tax-Loss?
Most of our subscribers have considerable exposure to gold, silver, and other resources which have generally risen in value throughout the year. Where you have taken profits off the table, consider sheltering them with an offsetting capital loss. Why pay the government any more tax than necessary?
But what if you really like the stock, can you but it back?
Yes, as long as you are aware of the superficial trading rules (wash trades – in the US).
Superficial Loss Rules
If you sell a security to trigger a loss, and you or an affiliated person (for example, your spouse, a corporation you control, or a trust where you have a major beneficial interest, including an RRSP) purchases an "identical security" within 30 calendar days before or after the sale date, and that person still owns that security 30 calendar days after the sale date, then the capital loss is denied to you and added to the cost base of the person who bought it. This rule also applies if you or the affiliated person buys an option or a right to buy the security that was sold. For example, shares of competing companies within an industry should not be considered "identical securities," while index funds which track the same index would be considered "identical securities," for purposes of the superficial loss rules. In addition, professional tax advice will be needed to determine whether similar mutual funds are "identical securities." Please note that the capital loss will be denied if the buyer of the property is an RRSP under which the seller or seller's spouse (or common-law partner) is the annuitant. Therefore, swapping or contributing eligible securities to an RRSP will result in the denial of a capital loss, even though accrued capital gains would be taxable."""""""""""""""
GLTA Lostoutwest
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|| Stockcharts Public List ||
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Please read our Complete Disclosure
The rest of the post is compliments of ....
MoneyinMetals.com
"Tax-Loss Selling
As the tax - year draws to a close, tax loss selling may be an opportunity you could use to your advantage. Instead of paying tax on capital gains accrued during the year, consider selling out below-water positions to generate offsetting losses. Only your net capital gain is subject to tax. Net capital losses may also be carried back three years or forward indefinitely to apply against net capital gains.
With tax loss selling, the selling transaction must settle before the last business day of the year. (The three day settlement period implies the deadline may be before Christmas Eve). Given the subtle differences between the ways Americans and Canadians can apply this practice, MoneyinMetals advises you to seek out professional financial and/or accounting advice before you do this.
Why would you want to generate a tax-Loss?
Most of our subscribers have considerable exposure to gold, silver, and other resources which have generally risen in value throughout the year. Where you have taken profits off the table, consider sheltering them with an offsetting capital loss. Why pay the government any more tax than necessary?
But what if you really like the stock, can you but it back?
Yes, as long as you are aware of the superficial trading rules (wash trades – in the US).
Superficial Loss Rules
If you sell a security to trigger a loss, and you or an affiliated person (for example, your spouse, a corporation you control, or a trust where you have a major beneficial interest, including an RRSP) purchases an "identical security" within 30 calendar days before or after the sale date, and that person still owns that security 30 calendar days after the sale date, then the capital loss is denied to you and added to the cost base of the person who bought it. This rule also applies if you or the affiliated person buys an option or a right to buy the security that was sold. For example, shares of competing companies within an industry should not be considered "identical securities," while index funds which track the same index would be considered "identical securities," for purposes of the superficial loss rules. In addition, professional tax advice will be needed to determine whether similar mutual funds are "identical securities." Please note that the capital loss will be denied if the buyer of the property is an RRSP under which the seller or seller's spouse (or common-law partner) is the annuitant. Therefore, swapping or contributing eligible securities to an RRSP will result in the denial of a capital loss, even though accrued capital gains would be taxable."""""""""""""""
GLTA Lostoutwest
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Shorting
If you google any type of subject that you think will be a good google search you will likely come up with not very much,,, it seems that shorting can be done by retail investors, but the records and statistics are reserved for institutional investors... this makes it hard to take a productive part in such an endeavor.
That being said it now comes down to how to best use some type of strategy to pick good potential shorts.
They should be stocks that are above the dollar threshold for 1 of many reasons, but the most probable is that the broker your dealing with won't allow shorting of stocks under the dollar threshold.
The second consideration would be to short obviously poor stocks that have no money, are in debt, and have extremely higher floats, and that have spiked or had good runs to nosebleed heights for share price which are on the cusp of a broad market downturn.
You must be able to accurately recognize the trend as down... The reason for this is that a broker can close your position even if you have shorted a stock that is protected by the broker... meaning they have a supply that they can borrow stock from for you to sell. Shorting is a volatile adventure and your margin could easily be overdrawn without the proper forethought, resulting in your position being liquidated while you are in a position of loss.
Day trading shorts is a very low average profit producing trading strategy against a high average of potential pitfalls.
If your going to do it then you need to consider Market Club trending triangle trade technology
Dave GLTA
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Update DEI.V
There has been some selling recently and I suspect with the new financing going on in the middle of it there has been some participants that are letting out with the old and bringing in the new... why the shorts figure into this could be hard to fathom... without checking the existing options and warrants. Those positive numbers in the volume column represent the increased short and the negative numbers in the Change column represent the cover... we need to cover at this point ... - 222.000 shares to remove the short...
Short History
Symbol Report Date Volume Change
DEI - V 2010-12-15 222,000 222,000
DEI - V 2010-11-30 -20,000
DEI - V 2010-11-15 20,000 20,000
DEI - V 2010-10-15 -15,000
DEI - V 2010-09-30 15,000 15,000
DEI - V 2010-09-15 -1,000
DEI - V 2010-08-31 1,000 1,000
DEI - T 2004-03-15 77,934 77,934
DEI - V 2002-11-30 -791
DEI - V 2002-11-15 791 791
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Short History
Symbol Report Date Volume Change
DEI - V 2010-12-15 222,000 222,000
DEI - V 2010-11-30 -20,000
DEI - V 2010-11-15 20,000 20,000
DEI - V 2010-10-15 -15,000
DEI - V 2010-09-30 15,000 15,000
DEI - V 2010-09-15 -1,000
DEI - V 2010-08-31 1,000 1,000
DEI - T 2004-03-15 77,934 77,934
DEI - V 2002-11-30 -791
DEI - V 2002-11-15 791 791
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Update GQC.V
GQC.V has a great looking chart and the overall suggestion in spite of the recent price ranging, is that we are in a strong uptrend... the shorts are small and covering... On Balance is up, so if anybody is shorting into this chart.. unless they are institutional.... they are going to eat it (IMOP). I had a funny thought and probably should keep it to myself, but I like to share....... so.... it is possible we would be moving faster, but if those shorts are mainly retail... only retail would short into a rising trend... (without institutional presence in a broad market downtrend it is somewhat suicidle to short without great experience)........ this whippy bit of rising consolidation could be made up of "BUY ON STOP" cover orders (kind of like a stop loss run)... Been there before and that's why I only short in a broad down market................
Short History
Symbol Report Date Volume Change
GQC - V 2010-12-15 100,000 -37,500
GQC - V 2010-11-30 137,500 137,500
GQC - V 2010-10-31 -175,000
GQC - V 2010-10-15 175,000 135,000
GQC - V 2010-09-30 40,000 40,000
GQC - V 2010-08-15 -175,000
GQC - V 2010-07-31 175,000 100,000
GQC - V 2010-07-15 5,000 5,000
GQC - V 2010-04-30 -107,000
GQC - V 2010-04-15 107,000 107,000
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Short History
Symbol Report Date Volume Change
GQC - V 2010-12-15 100,000 -37,500
GQC - V 2010-11-30 137,500 137,500
GQC - V 2010-10-31 -175,000
GQC - V 2010-10-15 175,000 135,000
GQC - V 2010-09-30 40,000 40,000
GQC - V 2010-08-15 -175,000
GQC - V 2010-07-31 175,000 100,000
GQC - V 2010-07-15 5,000 5,000
GQC - V 2010-04-30 -107,000
GQC - V 2010-04-15 107,000 107,000
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Update SQI.V
Looking over the short data it can be seen that the shorts have been hitting the bid (It's legal to do that... no uptick rule in place anymore)... as the short positions have indeed risen over the Dec 1 to Dec 15th period and likely the pressure continues... It could be just a tactic that is being used to get a best price over the Santa Rally period... (who knows), but I use an indicator of which to be honest is said to be representative of Institutional distribution and accumulation.... although much like the On Balance Vol..... which is said to represent retail exubeerance.... the Accumulation/Distribution (Accum/Dist l) derives the average calculations much the same, but does over a longer time frame... If they both are tracking up in an uptrend... it seems such stocks they track are on a tear.... IF THEY HAVE BEEN CONTRARY THEN WHEN THE ACCUM/DIST TURNS UP... CAN BE LIKE A ROCKET.
A Stock can be on an uptrend with On balance bullish and tracking up even in the face a down trending Accumulation/distribution... Institutions selling the retailers, but the demand is strong enough to run the price up even with the selling into strength.... When I examine the two indicators side by side... I can see the ON Balance (retail) is ranging.... and the Accumulation/distribution (institutional is selling) falling... (Certainly could be construed as an over sold condition), but it is also potential stop loss run... I was not happy to see the shorts putting the pressure on.... I AM READY FOR A SURPRISE MOVE IN EITHER DIRECTION... Maybe a reaction bounce coming soon......... the dip before the pop(a common occurance)..... or just remove the short... it could be whippy.
Short History
Symbol Report Date Volume Change
SQI - V 2010-12-15 558,900 134,641
SQI - V 2010-11-30 424,259 -142,141
SQI - V 2010-11-15 566,400 -123,525
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A Stock can be on an uptrend with On balance bullish and tracking up even in the face a down trending Accumulation/distribution... Institutions selling the retailers, but the demand is strong enough to run the price up even with the selling into strength.... When I examine the two indicators side by side... I can see the ON Balance (retail) is ranging.... and the Accumulation/distribution (institutional is selling) falling... (Certainly could be construed as an over sold condition), but it is also potential stop loss run... I was not happy to see the shorts putting the pressure on.... I AM READY FOR A SURPRISE MOVE IN EITHER DIRECTION... Maybe a reaction bounce coming soon......... the dip before the pop(a common occurance)..... or just remove the short... it could be whippy.
Short History
Symbol Report Date Volume Change
SQI - V 2010-12-15 558,900 134,641
SQI - V 2010-11-30 424,259 -142,141
SQI - V 2010-11-15 566,400 -123,525
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Monday, December 20, 2010
Update EVG.V
Level II is heavy on the bid side for lots of support with the asks medium to spotty on a good looking daily uptrend chart study just working through the weak hands.. I think a best buy at this point would be under 1.10,,, we may get lucky from the looks of things on level II....... but likely the best we could hope for would be somewhere just over that over the holidays... otherwise I think the supply is getting lighter and a breakout would have much less resistance and as such C Money Flow (accumulation) would reflect better in the daily chart..... we are just clearing medium term MACD 12,26,9 trigger line resistance as can be seen in a weekly chart...
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Update GQC.V
Here's a chart of a good looking potential new high in the works going into the Santa Rally and January Effect 2011... strong fundamentals and some good analyst speculation (two I know of unnamed)... positioned early in an upmove just having broken the .32 cent barrier. updates in the Stockcharts Public List
GQC.V
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GQC.V
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MKR.V
Great looking chart...
I'd love to jump in ... looks ready for a move up, but the ask keeps on refreshing as if it is an Iceberg of unknown size... irritating but not critical.... problem is, I can see no known PP and a look at the latest financials suggests they need cash to go through with the project and that is just what I'm going to phone and ask the investor relations... where the money is coming from, or did I miss something (could be they are getting cash from execisng option paper). Still it could pop over the holidays!
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I'd love to jump in ... looks ready for a move up, but the ask keeps on refreshing as if it is an Iceberg of unknown size... irritating but not critical.... problem is, I can see no known PP and a look at the latest financials suggests they need cash to go through with the project and that is just what I'm going to phone and ask the investor relations... where the money is coming from, or did I miss something (could be they are getting cash from execisng option paper). Still it could pop over the holidays!
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One thing for sure... BAN.TO
The market has every known thing factored into the price... take BAN.TO... for instance ...just released a PP for 30 million shares @ .50 cents ...talk about the selling pressure recently in order to take positions likely held by insiders..... however a pretty positive spin for a good looking chart to suggest a reason to buy. Post financing I love it. We may get lucky and see some NR selling to drift to the .50 cent range PP where it would technically be a great buy for risk control in this traditionally down week... but it's not likely unless a house magically appears to clean up a position, making room for the PP of a client... we have block support @ .55 (100k) with a range gap to .59 on the open showing on level II... that could change closer to the open.
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Updates to the "You're gonna have some Fun Charting"
New links have been added.... bottom patterns... topping and swinging... some refresher video chart indicator topics... I hope they are helpful..
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