posted
Well stick at least we aren't plummeting first thing this am. I don't figure we are going to do much until Paul and gang have time to fully execute their plan. Sure wish they would hurry it up now.
what does the tentative pbls timeline look like right now? also, how do the L2s look? (wondering if i have enough time to flip)
Posts: 1711 | Registered: Oct 2005
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timeline is a tough call. pr's suggest this month for form 10 filing. Many believe next month and some are saying fall.
My guess is yeah you have enough time to flip...but you never know it could go at any time. There has been some intense buying pressure lately. Right now the MM's are walking it down on low volume. That's to be expected.
quote:Originally posted by WarpedMind: Remind me again...
what does the tentative pbls timeline look like right now? also, how do the L2s look? (wondering if i have enough time to flip)
To Later I think They seemed to walk the PPS down fast this Morn Time to jump back in Ima looking for .032 now I love free shares
Posts: 1068 | From: Utah and Put-In-Bay Ohio | Registered: Jan 2004
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posted
Man, I think I missed my opportunity to flip safely. If I sell now at .033 or .034, I might not be able to get back in. What do you guys think?
Posts: 1711 | Registered: Oct 2005
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posted
warp...you gotta quit stressing man. MM's are just pathetic pencil dicks. It will all work itself out. They can't artificially hold a good stockdown forever. Besides this is just a retraction...heck we aren't even to the 20 day MVA yet. Relax.
posted
Nah nah... I'm not freaking out at all. I'm fine. I'm just wondering how to interpret the weird activity (so I can learn), that's all.
Posts: 1711 | Registered: Oct 2005
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quote:Originally posted by OILDOG: I dont know. May be Im trying to prod "management" to do what they said and tell us whats going on. Fluff PRs with little or no substance get irritating.
Mac-I work weird hours,up at 3 to get my reports in. Catnaps as caught.24/7. Very few days off last 3 yrs.
OILDOG, i appreciate your input on pbls. just of curiosity, whats your opinion, as someone working in oil industry, on BIGN?
Posts: 287 | From: prague | Registered: Jan 2006
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From a technical point of view I would say the cup and handle pattern broke down yesterday. The Cup runs from Jan-May. The handle was from May to June.
In a "traditional" cup and handle pattern the second side of the cup only comes up half way which is what we saw in May. The current 3 month cup and handle pattern doesn't really fit the bill IMO.
I still stand be the fact that pinks don't really trade by normal technical rules tho. I think we are seeing a retraction to the 20 MVA and then a continued uptrend. No reason for explosive growth without some big news...it is still a pinky after all.
BTW those are just my thoughts and should not be taken as a fact. Heck no technical analysis should be taken as a fact.
posted
Pepa- have not looked at or paid much attention to BIGN,so cant help there. I'll try to look later. I know they are one of the ones using Hydroslotter, and I've tried to find if they(Hydroslotter) are a publicly traded company or a subsidiary,no luck yet.Canadian company. Been swinging XTO & DVN, got my butt kicked when the market tanked!!!! Do NOT want to hold through summer!! aaarrrrgghh Im a looonngg!!
-------------------- It takes a lot of attaboys to make up for an aww chit Posts: 483 | From: OK | Registered: Aug 2005
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From a technical point of view I would say the cup and handle pattern broke down yesterday. The Cup runs from Jan-May. The handle was from May to June.
In a "traditional" cup and handle pattern the second side of the cup only comes up half way which is what we saw in May. The current 3 month cup and handle pattern doesn't really fit the bill IMO.
I still stand be the fact that pinks don't really trade by normal technical rules tho. I think we are seeing a retraction to the 20 MVA and then a continued uptrend. No reason for explosive growth without some big news...it is still a pinky after all.
BTW those are just my thoughts and should not be taken as a fact. Heck no technical analysis should be taken as a fact.
Good Luck everyone
Especialy if your tech analysis uses terms like " cup and handle, bull flag, bear flag, head and shoulders, tripple top, flying pocket rocket, yadi,yadi,yadi....
Reading charts is not about picking out patterns,that some one penciled into a little pocket manual, or quick cash textbook. LEARN ALL THE RULES you can, and you might be amazed at how much a good chart is like haven a crystal ball..
Posts: 3209 | From: poohville ohio | Registered: Apr 2005
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posted
river rat, I have traded based on techs for a lot of years. I fully understand what they can and can't do. And no I don't search for IBD patterns. As a computational scientist TA was the most natural means of trading for me. In fact I will go so far as to say if you are not developing your own computer models to trade techs with then you are so severely disadvantaged that your chances for long term success are small...except maybe in the pinks.
Oh and forget all the rules you learned in a book. You need to search for new rules that are relevant in today's market. And that my friend lies the true problem with TA. You can't really back test TA indicators because the best one's are arising every few months. The big guy's have rooms full of computers using neural networks, genetic algorithms, and particle swarm optimizers to scan the markets, (intra day data as well) for every possible opportunity. In essense you are competing against 100's of PhD's from pysics, computer science and other computational fields with pretty much unlimited funding. Trading is no joke and it isn't as accessible as a lot of people would like to believe. Oh and yes I have developed numerous computer models to trade with...and yes I have a small cluster of computers to run these models on...and yes the pro's models are typically much better because of the access to intraday data as well as insider info.
IMO the best way to compete with the "machines" is to use intuition...they don't have it and aren't likely to for many years to come. My best TA indicator is to try and get a feel for investor psychology about the overall market and the stock in particular. When I trade I still use my models to select stocks from, but I then dig in with research and good ol gut feeling.
But Hey that's just me. And I stand by the fact that most pinks don't trade based on techs...they are purly news driven. If you want to see a great example of a stock that is traded almost totally by computer go watch NBR for a week...it's amazing. After one week you can pick out every pattern and say hell yeah I am gonna make some serious money. The next week when you jump in to trade you loose your arse. why? The pro's models changed..but after another week of watching you can easily see what the computers were doing. In fact the NASDAQ is almost totally computerized and mechanicl now. But like I said computers still have no intuition about market forces.
posted
I think we got our bounce today. I think tommorrow will be all telling. If we move up on strong volume then the uptrend continues. If not then I say we bounce around between 3 and 4 until more news.
Honestly I don't think any of the current price levels mean anything. I am prepared, *gulp*, to take a drop down to a penny if need be. Once Paul and gang open the flood gates on this one I expect a bare minimum of 25 cents. If we become fully reporting and stay that way for a few quarters then perhaps TA will help us a little more. It was the large volume spikes earlier this month that notified me of PBLS....it was bond that convinced me to stay..well bond and hours upon hours of dd.
What I am really hoping for is a continued up trend and a consolidation at 5 cents or more while we wait for news. I would much rather wait on news up significantly then down. Right now I am only up like 15%...which in penny land can go bye-bye in 5 minutes!
posted
LOL.. I don't think it will hit 030...it sure is gunna tickle the edges though...
Posts: 3209 | From: poohville ohio | Registered: Apr 2005
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posted
Hey that was a nice trade you made real. Did you sell aroun 39 and get back in at .0305? That is pretty sweet. Next time we runup on no news I am flipping PBLS as well....only to get more shares of course.
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Do NOT want to hold through summer!! aaarrrrgghh Im a looonngg!!
