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Solazyme, Inc. Message Board

  • retiredscienceteacher retiredscienceteacher Dec 18, 2012 8:48 AM Flag

    short term technicals

    Hoping the stock will continue making, what I call, a mini-cup formation.

    Beginning Friday mornings peak, stock has come down, filled the gap, and then rose and leveled out. It spent time both Friday and Monday above the Bollinger Band.

    The 4dma crossed the 50dma yesterday, today or tomorrow the 13 day should cross. Once it is clear it is going to close above $8.70 it should run back up to near $10 in short order.

    This will also help to begin to complete a longer term Cup dating back to late September when the stock began its uninterrupted descent to the 6's.

    Next catalyst-
    Run at Peoria using a sugar glycerol blend
    Funding from Brazil
    DoD, Hawaii deal
    Australian JV
    Moving up date of Clinton Plant being operational
    Estimates of 2014 revenues being in the $400,000,000 range

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • This consolidation level at 8.50 is exactly the kind of support we need to make a monster run . . and I'm looking for someone to throw an upgrade out soon after this recent scaling revelation . . Creating oil you say ? . .. I've been telling everyone I know about this company . This price is a gift.

      Sentiment: Strong Buy

      • 1 Reply to bluvit74
      • According to news sources, unless I am mistaken, after the scale up news, there has been neither an upgrade in the stocks ranking, or in increase in price target by any of the analysts. Sometimes they sit on these until their clients are fully vested so they can get in at a lower price.

        I've listed the following as future catalysts, any others?

        Run at Peoria using a sugar glycerol blend
        Funding from Brazil
        DoD, Hawaii deal
        Australian JV
        Moving up date of Clinton Plant being operational
        Estimates of 2014 revenues being in the $400,000,000 range

    • Technicals look good. Validation of a 4/20 cross should move us to 10. More good news relating to catalysts impacting any one of their 4 product lines my cause a short squeeze and a move to the 11-12 range.

 
SZYM
7.91-0.34(-4.12%)Sep 22 4:00 PMEDT

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