I added some good sized chunks recently at .53 and .54 on the theory they would want to run it up a bit and show some strength going into the conference call. So much for that theory. If they don't go 'dark' it could be a very nice profit, but it could either way. This one is for pure gambling money.
LOL Trade. I am happy if I am able to get within a percent or two of a short-term top or bottom; it is blind luck when I hit any trade to the penny.
Trade, you are absolutely correct that daily short volume is primarily MM and brokers and is therefore of limited value. My buy order yesterday comprised a large portion of the trading. I watched all day as MM kept the displayed buy a fraction of a penny above my bid, and a fraction of a penny below level 2 sell orders. It doesn't surprise me a bit that the majority of trades were considered short, even if the short existed for only a fraction of a second as MM captured the Delta on these fractions of a penny all day long. The ONLY use I have for daily short volume is for comparison purposes. When there is sudden spikes lasting more than a day or two (up or down), I've found that particularly in lower volume China RTOs, it can be a leading indicator: high short volume often means MM (or more accurately, the automated trading program) thinks the bottom is in and is willing to scalp for fractions of a penny on even the smallest of trades.
Trade's soliloquy is nothing more than an attempt to inject a little humor mixed with history to kill time while we await whatever real move is forthcoming. Yeah, it's a little off topic, but if the moves up or down a few cents on a penny stock is so serious you can't have a little fun with it, well, then I suggest such a person is way, way over-weighted in this stock. They don't get much higher risk than CHOP, although the reward can be equally high. If you are not prepared to lose everything you have in this one, then you have too much in it. Relax, enjoy the short "cease fire" and prepare for the next offensive.
At first glance the daily chart looks like at least some level of capitulation. But looking at the 3 decent-sized sell orders compared to the much lower volume buy orders, it just doesn't look like it is there yet. Maybe tomorrow. Tomorrow is probably sink or swim day. Will be interesting to see if it holds $.53
It's dead money until we see a form 4 filed and/or at least a scent of some buying by the company. I'll jump back on the bandwagon when that happens. Until then, I'm out and merely a spectator.
Interesting news out this morning about Shandong Yuhuang Chemical Co (SYCC) committing to a $1.85b new plant in Louisiana. One of their business lines is fuel additives. I haven't done any research on them yet, but it looks like an interesting read, if for nothing else than to compare against GURE.
I agree it does look like consolidation is about done and its ready for a significant move (narrowed BB, stable RSI, sitting on the 200MA, etc). And while I do agree we could see a pop to $2.50 starting next week after options expiration, such outlook is not based on any objective metric. Any particular metric you are looking at to indicate the move is up?
Trade, if you want an absolute gold mine trading stock, try GLUU. It has a .92 correlation over a 2 year period to the fast stoch crossing 80 for a sell signal and crossing 20 for the buy signal. It doesn't get any better than that. I've been trading it on those parameters for over 2 years now. I've had one losing trade (I bailed with a very minor loss as I got cold feet around an earnings release) on it. I've lost track of how many round trips I've taken on it, but I think it is somewhere around 15 in the last couple years. Of course, all bets are off on earnings day release. I sold out of my last round trip yesterday.
trade, yes, that's a pretty accurate summary all the way around. I used to 'swing for the fences' years ago and I have fond memories of a few grand slams (to extend the metaphor). No greater rush than nailing it! I also remember a few major 'whiffs' along the way (one got me so bad I moved everything into index funds and refused to trade for about 5 years). Each to their own. And by retirement, all that means is I get ownership of my day back. I plan to do volunteer work with a few of my causes for as long as I am physically able. Good luck Trade, I truly do hope you continue to nail the big trades.
True, but there is a certain amount of pleasure just knowing it's more money out of the pockets of shorts who can't trade while they are also continuing to have to pay the borrow interest. I'm no fan of CCCL, but anyone who shorts a stock at this level deserves to get burned.
You are both far most optimistic than I am. I see very little chance of a merger or buyout unless the company can get rid of all those loan guarantees. If an acquirer has to take those into account, almost all of the cash value is gone. Other than the possible pop above $1 on a trade, there aren't a whole lot of reasons to be in this stock. And the way the volume is going, there is a risk of getting trapped with a large holding you can't trade without crashing the price. Yes, I'm still long but I'm not overloaded.
I thought about adding at around $.70 but volume is just dead. I haven't been watch Level II on this lately, but trying to buy or sell a 30k block without getting screwed on the spread appears difficult. So, for now, I guess I just sit back and wait and watch. If it does approach $1, I suspect there will be a ton of selling at $.99 and $1.00
8k out showing not one single vote against the incumbent board. Who says you can keep everyone happy, as apparently 100% of shareholders of this company are.
kmattack12, they already do limited bulk distribution in the US. Several years ago when I was a shareholder I looked up their distributors and went to a store in FL selling SPU juice. It was actually quite good. The store owner let me look at the box the concentrate came in and it was clearly from SPU. I cashed out of SPU several years ago not because of the product, but because I don't trust the company. After that fiasco where the spouse of one of the executives sold all their shares on a manipulated 2 day spike upward, then dove down, and the executive didn't file the form 4 until months later, I just lost confidence. That was about the same time frame all those related party transactions came to light. If they are willing to flaunt these laws, it makes every investor worry about what else they are willing to do. This company needs to restore trust if they ever want to get above reported cash value. I follow in hopes someday they will make that effort.