The first resistance was 0.0040. The first time it tried to cross that was around Dec 14, 2003. It finally broke resistance on Jan 12, retraced & has been tarding sideways above 0.0040.
The second resistance point was set on Jan 12 when it reached 0.0070 but could not break it & retraced back.
This is where the 0.0070 resistance comes in. It now has to break the 0.0070 before going further to 0.01
posted
"Mahalo". 1. Thanks, gratitude; to thank. NOW EVERYONE SAY IT!!!! I found out this is really a one word prayer for Hawaiian's. Beautiful eh'. Maybe I'll be able to learn more once this thing hits .05! HOLY COW!, IS THIS BOYS TERM!!! Now don't you go and sell @ 9:30AM on Monday if u don't see the PR....cuz if you look at all of the rest of their PR's they came out around lunch time give or take. Also, the other thread said if it doesn't come out Monday it'll be out the first of the week....so I'm thinkin Wed the latest. MAN WHAT A RIDE THOUGH! IT BROKE NICELY PAST MONDAYS HIGH! WHICH MEANS CHART STILL IS TASTY! Remember even if the PR doesn't come out when a post says it will...just hold on cuz it'll come sooner or later. I personally would rather be holding when a PR comes out than have sold and missed the Northbound Train for a small gain. Good Luck, and COMON CTKH....MAKE THEM FUEL CELL CO's HAPPY!!!
IP: Logged |
Good morning all, read this about naked short selling, just one more plus for our side! takes affect feb, 20! This is great got this email in.. read about shorting..
NEW YORK (Dow Jones)--Taking most market participants by surprise, the National Association of Securities Dealers has drastically tightened one of its rules governing short selling.
Known as affirmative determination, the NASD rule stipulates that brokers and dealers engaged in a short sale transaction must make sure that shares can be delivered by settlement time, three days later.
"We closed a loophole," said Steve Luparello, executive vice president of Market Regulation at NASD.
Until now, non-NASD members, like specialists, option markets and foreign brokers, weren't covered under the affirmative determination rule. That means that non-NASD members didn't have to represent to the NASD broker through which they conducted a short sale order that they would be able to deliver the stock by settlement date.
A short seller typically borrows stock from a broker to sell it into the market, betting that the share price will fall so that he can buy the stock back at a lower price and pocket the difference.
The amended NASD affirmative determination rule, which was recently approved by the Securities and Exchange Commission, will particularly affect short sales conducted through foreign brokers, most specifically Canadian brokers which have often been used by investors to sell short the stock of small U.S. companies trading on the Over-the-counter Bulletin Board or OTCBB.
Because it's often impossible to borrow the shares of companies trading on the OTCBB, investors and hedge funds looking to take negative bets on these often-overvalued development-stage companies have traditionally been trading through Canada where it's not required to borrow stock before selling it short. The practice is known as naked shorting.
That trading avenue has now been effectively closed.
The new NASD rule doesn't cover Canadian brokers, since most are not members of the association, instead it makes it the responsibility of U.S. brokers trading with non-members to make sure that their counterparts will be able to settle a transaction before completing a short sale.
"It's part of (a broker's) supervisory responsibilities," NASD's Luparello said, adding that a non-member's previous failures to deliver should be a good indication of whether or not it will in fact be able to complete the transaction by the settlement date.
Market makers engaged in bone fide market making activities will continue to be exempt from affirmative determination.
Luparello said that, unlike a parallel SEC initiative to tighten short selling rules on the small-cap markets, the new NASD rules did not originate from worries over mounting failures to deliver stock into the national clearing system. But Luparello said the amended NASD rule fits nicely with the new short selling regulations now under consideration by the SEC.
"I think it addresses a gap and (shows) that we, like the SEC, are looking at a variety of things in this area," Luparello said.
The NASD proposal was first submitted to the SEC in November 2001, well before alleged abuses of naked shorting became the focal point of a campaign lead by some OTCBB companies in the U.S that say they have been victimized by the practice.
While some investors argue that short sellers provide a needed service to the markets, others have called for the complete abolition of short selling because of the undue pressure its puts on the shares of companies.
While market participants in the U.S. and abroad are well aware of the new short selling regulations being put forward by the SEC, known as Regulation SHO, most said they knew nothing of the NASD's plan before it became final.
"It's taken us by surprise," said Richard Thomas, head of compliance at Canadian brokerage firm Pacific International.
Although separate from it, the amended NASD rule fits tightly within the SEC's SHO which is now under review by the SEC staff after a period during which market participants were invited to comment on it.
As it stands, the new SEC short selling rules will make it easier to short large-cap stocks since they would do away with the "uptick" rule, which bans short selling on a stock when the price is falling.
But it when it comes to the small-cap markets, where it's often impossible to borrow stock, the impact of SHO will be the opposite, making it harder to short sale stock.
The new SEC rule sets a predetermined level of so-called clearing fails - cases in which a broker or investor cannot deliver stock within two days after settlement - which will trigger a 90-day blackout whereby the customer will not be allowed to short sell that security. That 90-day exemption would affect trading of U.S. securities in and outside the U.S.
The new NASD affirmative determination rule will take effect on Feb. 20.
posted
Anyone else see this? NEWS NEWS...$$$ come to Daddy!!!
Cetek has announced that it has been licensed by Motorola Inc. to produce and use Carbon Nanotube Triode (CNT) technology, which is expected to form the basis of the flat-panel display.
How the Cetek nanotube display works was not explained but it could be based on principles similar to those of the field emission display; using the areas of carbon deposited on a ceramic substrate as a source of electrons that are then accelerated to activate phosphors.
The company claims that prototype displays demonstrate the potential of a process that could produce 60-inch panels as easily as 2.5-inch displays.
In addition the company said that displays have demonstrated a display technology with a lifetime in excess of 10,000 hours that offers better viewing angles than active-matrix LCD.
This is achieved at one third the manufacturing cost and one tenth the power consumption of AMLCD, Cetek claimed. The low cost arises from the use of manufacturing equipment used in thick film technology and the process is ready to transfer with no modifications.
Cetek is seeking funding to establish a facility in the U.S. and expects through affiliation, partnering and strategic alliance, to establish two additional production facilities in the Far East.
"This agreement has been a long time in coming to fruition, and we are extremely pleased to have achieved this major milestone for Cetek," said Fayiz Hilal, Cetek president and chief executive officer, in a statement. "We expect to move very quickly, with regard to the production facilities, to take full advantage of the massive worldwide market."
For the past five years Cetek has been researching the manufacture of a large, smooth and flat ceramic substrate with critical mechanical and electrical characteristics. During the same period Motorola has developed its CNT technology and demonstrated its operation on a ceramic substrate from Cetek. Prototype displays have been produced at a Motorola facility in Phoenix, Arizona, Cetek said.
posted
Sorry, that was old news. I got a little excited and did not dig deep enough. Guess I will have to wait until Monday. Did not mean to mislead.
IP: Logged |
posted
Hajinator Easy to get excited about whats to happen to this stock. Should be a good week.
Good Luck
quote:Originally posted by hajinator: Sorry, that was old news. I got a little excited and did not dig deep enough. Guess I will have to wait until Monday. Did not mean to mislead.
posted
I am shocked there are not more people disscussing CTKH on this board! The title of this thread is totally true! CTKH is by far the HOTTEST STOCK AROUND! Up 45% Friday! With news likely on Monday, this thing is gonna take off. I feel decent news will easily drive this over .01, good news over .02 and with great news we should see .05 easily!! But remember, this is just the opinion of a newbie. **Marissa**
IP: Logged |
posted
Their was a new SEC rule, that will end NAKED short selling on shares that are unable to be obtained during the 3 day settlement period. This is going to cause some penny stocks to explode, as Market makers run to cover their short positions.
IF you all place your shares above .50 cents, this will keep your shares out of reach, and they will not beable to be borrowed for others to short...
Everyone follow suit and they will have to move the price higher. Everyone posting on RB is already lining up getting their orders in. Come on guys, you have nothing to lose and much to gain!
Get your orders in before the opening in the morning!
posted
alright everyone....i'm in and pumped about the potential for nanotech my brother is in school for electrical engineering at steven's tech...he said nanotech is the future and a hot topic around the "watering hole" at campus
IP: Logged |
Well, I learned some new things, FROM a PATENT LAWYER,
I understand why, HILAL is not going to file for a patent.
I was told, if he files for a patent, his technology becomes PUBLIC, and someone else with larger funding will come along and take his invention change it slightly and file their own patent. THIS is why he is so secretive.
ONE SCREW UP, and he is finished.
I was told, he should not allow anyone know the entirety of the invention and its exact specifications, and the people that do work with the product, should have some kind of stake in the company to protect the integrity and security of the technology.
WHY would you want to file a patent, NEED TO GET FUNDING, and A MAJOR AGREEMENT before filing a patent, to secure a deal, and beable to finance the project.
[This message has been edited by JAYBIRD (edited January 26, 2004).]
posted
A VERY GOOD SIGN. CTKH HAS HELD IT'S OWN IN THE FIRST 30 MINUTES OF TRADE. OUTSTANDING!!MOVE MAY BE SLOW. NEED TO BREAK THAT .007 LEVEL. A LITTLE PROFIT TAKING BUT THE STRONG ARE HOLDING.
quote:Originally posted by realityinc21: A VERY GOOD SIGN. CTKH HAS HELD IT'S OWN IN THE FIRST 30 MINUTES OF TRADE. OUTSTANDING!!MOVE MAY BE SLOW. NEED TO BREAK THAT .007 LEVEL. A LITTLE PROFIT TAKING BUT THE STRONG ARE HOLDING.
x2...I have had my eyes on that forsaken .0070 for a while.... yesterday hit it and saw a retrace....lets try to break it now
Early Stock Market Alerts for Tuesday, January 27, 2004: GTEC, CAAS, CTKH, ARBA ( ) WESTON, Fla., Jan 27, 2004 (PRIMEZONE via COMTEX) -- TheSUBWAY.com names Genesis Technology Group (OTCBB:GTEC) to its Stock Watch List. GTEC is new to TheSUBWAY.com, and we expect great things from this stock! Watch this company; it just announced big news, and we think it is due to make a move in the near term! Other stocks highlighted include: China Automotive Systems (OTCBB:CAAS): Market Perform,
Cetek Technologies Inc. (PINK SHEETS:CTKH): Market Perform,
posted
what is going on...i bought in today before work and expected to come home to .008-.01 and it hasn't done anything...is this a lemon?
IP: Logged |
quote:Originally posted by usasail: Yep looks like everyone is doing their duty by holding. NOW COMON PR!!!!
STOCK IS MAINTAINING WELL THRU THE DAY. A POSITIVE SIGN. GOOD STRONG HOLDERS.. IF WE HOLD TO EVEN THRU THE CLOSE TODAY--WILL BE A GOOD SIGN OF POSITIVE TRADING FOR THE A.M. JMHO
posted
Would be great to here anything about their buyback plan which was mentioned in their Oct 27 PR
Quote / Unquote
"...Last year, the board of directors unanimously authorized the management to purchase back some of the company's common shares. In lieu of a reverse split, management intends on initiating this effort beginning in the fourth quarter of 2003..."
They should have some kind of progress by now, hopefully....
The price did close very nicely resisting above 0.0060. Maybe a downward resistance is set & it would be a lot easier to break the upward 0.0070 resistance.
posted
I found this post on another board today(hedgehog) so take it for what you will. I tried checking for it on Mr. Stock (assuming that's what he's referring to) but couldn't find it.
"Cetek Technology Facts:
According to Mr. Hilal and Mr. Stock, news will be out by the end of this month.
500,000,000 share buyback was completed to increase shareholder value.
CEO stated that there will be no more reverse splits.
Cetek is involved in nanotechnology, ceramic substrates, fuel cells, aerospace, flat panel displays, super aluminum reclamation furnaces (first of their kind) etc.
Cetek Website should be launched very soon to give investors more information on the happenings at Cetek.
"Cetek Process" is a term coined by Mr. Hilal.
The last PR stated that profits are up and they are looking to build additional plants in U.S. and in Asia.
These are very interesting aspects about Cetek. The management team has alot of experience and are pioneers in technology. The next few weeks should be very exciting!"
Again, the quote is not mine - was found on HedgeHog.