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Tuesday, August 23, 2005 4:30:27 PM
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Welcome! This note assumes that you have referred to the DD on the home page of this board and that you are ready to proceed further.
The stock is on a tear, as you know. It is moving back to its previous levels of $0.083 dating from May of this year. All this is on speculation of news regarding the rebuilding of the stock in the eyes of the SEC, the substantiation of its legitimate 4.8MM O/S count and forcing a buyback of the illegitimate shares on the market, and the possibility of an R/M into a clean shell which could provide a vehicle for Thomas Megas's $60MM European real estate holdings as a public venture on the world's premier stock exchange. PR's from Megas' office are the source for these expectations.
Resolution of the fundamental issues, and the short squeeze that the MM could soon find himself in, put speculation of the PPS of this stock out of reach of this author.
The accompanying chart puts some perspective on where the stock stands in all of this, technically speaking...
The trending zone for the PPS, the ascending channel, is progressing forward intact, hitting resistance now at 0.023, but will bump past that easily on the incredible momentum that has now built this into an unprecedented BULL RUN pattern, in my opinion.
The stock is obviously technically RSI and Stochastically overbought on the daily charts. However, nobody, but nobody is selling. The MM's are looking for shares now, and one broker that we know of is not selling anymore, just buying.
Technically overbought does not qualify a retrace, nor does a mathematical completion of a continuation pattern. A stock in this state can move like a shorted small float equity under any volume buying pressure. And, it is.
Charting this, while still in the trending channels on the daily charts, is becoming difficult. The ’three white candle’ of advancement theory has now been formally thrown out the window. The weekly chart indicated herein is the last sane window onto the state of this stock, technically and visually.
If there is any consolidation it is eaten up almost immediately, intraday. The shakes are getting smaller and small, and have almost now disappeared. YOU KNOW WHAT THAT MEANS.
The MM has been managing this stock's ascendance well, but soon he will be in trouble. The only thing that he will have to bank on from here on in is our greed and fear. So far, we have held this in check well, a seasoned group on this BB. They are holding out for MUCH more than what you see here.
Good luck in your decision on whether to go further with this. As I am not an investment advisor, please do your own DD.
fringe
Welcome! This note assumes that you have referred to the DD on the home page of this board and that you are ready to proceed further.
The stock is on a tear, as you know. It is moving back to its previous levels of $0.083 dating from May of this year. All this is on speculation of news regarding the rebuilding of the stock in the eyes of the SEC, the substantiation of its legitimate 4.8MM O/S count and forcing a buyback of the illegitimate shares on the market, and the possibility of an R/M into a clean shell which could provide a vehicle for Thomas Megas's $60MM European real estate holdings as a public venture on the world's premier stock exchange. PR's from Megas' office are the source for these expectations.
Resolution of the fundamental issues, and the short squeeze that the MM could soon find himself in, put speculation of the PPS of this stock out of reach of this author.
The accompanying chart puts some perspective on where the stock stands in all of this, technically speaking...
The trending zone for the PPS, the ascending channel, is progressing forward intact, hitting resistance now at 0.023, but will bump past that easily on the incredible momentum that has now built this into an unprecedented BULL RUN pattern, in my opinion.
The stock is obviously technically RSI and Stochastically overbought on the daily charts. However, nobody, but nobody is selling. The MM's are looking for shares now, and one broker that we know of is not selling anymore, just buying.
Technically overbought does not qualify a retrace, nor does a mathematical completion of a continuation pattern. A stock in this state can move like a shorted small float equity under any volume buying pressure. And, it is.
Charting this, while still in the trending channels on the daily charts, is becoming difficult. The ’three white candle’ of advancement theory has now been formally thrown out the window. The weekly chart indicated herein is the last sane window onto the state of this stock, technically and visually.
If there is any consolidation it is eaten up almost immediately, intraday. The shakes are getting smaller and small, and have almost now disappeared. YOU KNOW WHAT THAT MEANS.
The MM has been managing this stock's ascendance well, but soon he will be in trouble. The only thing that he will have to bank on from here on in is our greed and fear. So far, we have held this in check well, a seasoned group on this BB. They are holding out for MUCH more than what you see here.
Good luck in your decision on whether to go further with this. As I am not an investment advisor, please do your own DD.
fringe
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