= Update 04/21/06 = How to draw BUY/SELL Swing Trading charts
= Update 04/01/06 = Posted my reflection of stock trading, 3SOF, Swing Trading and knowledge base. I will continue posting more on Knowledge Base this weekend.
= Update 03/19/06 = Posted the Beta Rotational Swing Trading Template on below topic 5 below
= Update 03/18/06 = As I posted at the swing trading MB, I started the "Rotational Swing Trading" post below topic 5 below. ;)
= Update 03/16/06 = See topic 5 below
= Update 03/15/06 =
Starting tonight, I am revising this knowledge base to benefit the "absolute newbies" to stock trading. My goal is to make this knowledge base very user friendly to someone totally new to stock trading so that they can benefit from this knowledge base and the complimentary swing trading MB. It will take some time for me to revise and write the content, but I will post the revisions in red for short time so that you can easily follow the new content. After a few days, I will change the color to blue.
For those in the "newbies" group, you can jump to "3. What is stock trading" below. I will try to have this "Intro" content cleaned up a bit soon. [/font]
= Welcome to Stock Trading Basics to Swing Trading! = :D
This 3StocksOnFire.org (3SOF) Message Board (MB) thread was created in the spirit of "community forum" of 3SOF for those new to the world of stock trading or traders seeking more information to become effective stock traders.
You are here because you have asked one or more of the questions below or someone kind enough has referred you to this "3SOF Knowledge Center" MB thread:
"What is stock trading versus investing?"
"What is 3SOF?"
"Who are David Randolph and Frederick Ramsburg?"
"After I buy, the stock goes down. Why?"
"After I sell, the stock goes up. Why?"
"I keep losing money stock trading, how can I start making money?"
"I am trading with quality stocks, but why are my entry/exit timing bad?"
"The stock keeps going down and I lost too much money already, should I sell it?"
"Why do I keep missing out on all the good stock buying opportunities?"
"Am I not making money because we are in a bear market?"
"Why am I losing money in a bull market?"
"What is swing trading?"
If you are in the right place, please go on to the next post. If you are not, thanks for visiting but do check back in the future because this MB thread will continue to develop and contain more and more effective trading information. ;)
To post questions/replies/comments and discussions, click on link:
http://www.3stocksonfire.org/trading/index.php?topic=3635.0#msg32735
= newbies update 03/18/06 =
The Swing Trading templates below (short-term and mid-term) have been developed at the Swing Trading MB as a stock trading tool to help you make buy/hold/sell decisions. As you learn the stock trading basics, the Swing Trading template will be an integral part of your stock trading activity, providing an objective guidance when subjective emotions run high (oh yes, and they will). ;)
Once you have become effective with swing trading, you will learn the more advanced trading principles and techniques such as "Rotational Swing Trading" I have been using for some time, but have not posted on 3SOF MB or here on the Knowledge Base. I will start posting the "Rotational Swing Trading" info this morning.
To post questions/replies/comments and discussions, click on link:
http://www.3stocksonfire.org/trading/index.php?topic=3635.0#msg32735
INDEX OF TOPICS:
1. Introduction
2. What is swing trading?
3. What is stock trading?
4. How does stock trading different from stock investment?
5. How does law of supply and demand affects stock prices?
6. Why does stocks prices move up and down?
7. What is Technical Analysis? (for newbies)
8. Why should I open a Roth IRA account?
9. What percentage of my portfolio should I "swing trade" with?
10. Why should I approach each trading day as "brand new?"
11. What benefit is keeping a trade log?
12. How do I set my "sell target?"
13. What is profit taking?
14. How do I select my stocks to swing trade with?
15. What is 20-40 stock list?
16. Why should I return to a stock that I just sold?
17. Why should I be concerned with "Institutional/Money Manager" buy/sell activity?
18. If I am still losing money swing trading, what should I do?
19. What is bullish trend?
20. What is bearish trend?
= To Be Continued ... =
To post questions/replies/comments and discussions, click on link:
http://www.3stocksonfire.org/trading/index.php?topic=3635.0#msg32735
1. Introduction
= update 03/15/06 =
The primary focus of this knowledge base will be (for now) mid to longer-term swing trading (weeks to months). This was requested by majority of the people in the second group of newbies to stock trading that I am currently supporting. The short-term swing trading will be a secondary focus, but since it is a very important tool in minimizing stock trading loss, I will cover in detail later.
= upate 11/18/05 =
Repost from "application" MB (15th post from top) http://www.3stocksonfire.org/trading/index.php?topic=3635.30
I am going to "focus" the objective of this MB thread and the knowledge base thread to pursue effective stock trading (regardless whether you are day/swing/trend/long-term trader) based on definite disciplines, methods and techniques.
If the knowledge base and this "application" MB threads are to serve to introduce "newbies" to stock trading and to be "effective" traders, "critical and essential" principles MUST be covered so that "newbie" like me, start off trading on the "right" solid foundation (long before more advanced concepts and techniques are utilized).
I sent several emails out yesterday responding to new traders who HAS NOT made any money stock trading!!! 3StocksOnFire exists to provide service to all levels of traders, especially new traders. I will make it my objective to serve this segment of the membership with this MB and the knowledge base MB threads.
We are in the "transitional" phase into bullish market trends. To not make money, and worse yet, "lose" money in this market condition is not acceptable! 3SOF portfolio and members know how and made money during the worst "bearish" market trends of July - September, including this newbie. As we head into "bullish" market trends of November - January, stock trading should only get easier to make "more" money.
Let's trade!
= update 11/19/05 =
Repost from 3SOF MB (15th post from top)
http://www.3stocksonfire.org/trading/index.php?topic=3401.msg34056#msg34056
Wow... sometimes we get caught up and don't see the big picture.
First of all, I want to say this. I came to 3SOF as a newbie who was losing money stock trading. What I found at 3SOF was a welcome invitation from members who "openly" shared their trading knowledge and experience.
Secondly, there are supporters of 3SOF (premium and public members) who devote a tremendous amount of time posting valuable stock trading information (which by the way, I use on a daily basis). The entire swing trading and knowledge base MB threads are the "combined result" of what I have learned from 3SOF (David/Frederick and supporters) and countless Yahoo finance/Raging Bull MB threads. These two MB threads are my "thank you" and "passing forward" of the knowledge and wisdom shared by all of you who tirelessly research and post to share the wealth of information so that it can benefit "thousands" of 3SOF members and visitors each day.
You can call 3SOF a "collective" of individual "retail" stock traders (yes, that's what SEC calls us) that come together in a "community forum" to share "real-time" stock trading data on a hourly/daily basis. As I have emailed David and Frederick before, we are in the "infant/beginning" stage of 3SOF evolving and developing into an entity that I believe will be something "unique and amazing" in the months and years to come. I have visited many stock trading message boards and no other MB is as "professional and informative" as 3SOF.
As you can see from countless new members to 3SOF, the word about 3SOF is spreading fast around the stock trading/finance circles. David and Frederick have created (and now supporting this website project full-time. Thanks! :D) a very special "community forum" for us that will now grow "exponentially" and potentially become an "influential" collective of individual "retail" stock traders/investors.
Can you imagine what 3SOF members do to a penny stock or micro- and even small-cap stock with their buying/selling volume? In the past, it was not a factor, but as the membership/viewership increase on a daily basis, this volume influence will be a factor (for some stocks, it probably already is) that cannot be discounted in the near future. Many 3SOF members are now moving 5K, 10K, 50K and even 100K+ blocks of shares!!! Combined, these are Institutional/Hedge Fund/Money Manager level of volume!!! Do you believe that various brokerages, fund managers, and stock brokers are maybe tracking and monitoring what is posted at 3SOF? Perhaps. But if they are, then what happens at 3SOF will now "influence" the movement of stock prices based on 3SOF MBs. Instead of 3SOF MBs "following" stock trends, 3SOF MBs may now "trend" the stocks they cover.
The numerous supporters of 3SOF who devote themselves to research and post at 3SOF (you know who you are ;)) are the "core foundation" of 3SOF, and this newbie is very proud to be a contributing member of 3SOF!!! :D
I thank you all, and applaud you all for what you have taught me and what you teach me on a daily basis! I post because stock trading is my "hobby" and I enjoy the "practice" of stock trading. I look forward to what 3SOF will become in the future.
Hi! :D My name is John (LiveLife).
Brief Bio: 39/M/Married/California/swing trader as a "serious" hobby. ;)
I "dabbled" with stock trading about 6 years ago and tried to learn "Elliott Wave Theory," but got married and got busy raising a family. July of this year, I decided to get "serious" about stock trading and started back with $5,000 Scottrade account ($7/trade! Yes!).
After losing $1,200 in the month of July (Just about every stock seemed to go down after I bought them, and go up after I sold them :D), someone on Yahoo finance Message Board referred me to 3StocksOnFire.org (3SOF). What a find! After having "less than desirable" experience at Yahoo MBs, 3SOF was a breath of fresh air!
I spent the next entire month reading as much as I could at 3SOF. Many "kind" and a lot more knowledgable stock traders than myself at 3SOF took "pity" on this "newbie" and shared with me some valuable information that I am sharing with you here. I am "passing forward" the generosity of David Randolph/Frederick Ramsburg and the supporters of 3SOF (along with "my" often crazy take on stock swing trading ;)). With renewed confidence and desire, in August, I rejoined the still bearish market with $30,000 (my wife let me have the extra $25,000 with a promise of a Corvette - I bought her a 2001 Corvette ZO6 this November)
"What is 3SOF and who are David Randolph and Frederick Ramsburg?"
(David/Frederick, correct me if I am incorrect)
David Randolph and Frederick Ramsburg are founders of 3StocksOnFire.org.
With about 9 years of stock trading experience, they started with $100,000 portfolio this April and currently experience a 189% gain. Their buy/sell records are documented with stock names, dates and buy/sell prices. This October, David and Frederick quit their jobs to pursue 3SOF website full-time and the website went premium ($50/month to access premium content boards and to receive David's daily 3SOF stock alerts along with other premium services).
David and Frederick have created an invaluable "community forum" based stock trading website for us individual "retail" stock traders, and the wealth of knowledge and experience of David, Frederick and the numerous supporters make 3SOF a great place for new stock traders and traders seeking stock trading information. Most of this wealth of stock trading knowledge and the membership is free. If you have benefited from 3SOF, donations can be made in any amount, or you can become a "premium" member to access all the "premium members-only" contents (believe me, it's worth the small membership fee!).
To post questions/replies/comments and discussions, click on link:
http://www.3stocksonfire.org/trading/index.php?topic=3635.0#msg32735
2. What is swing trading?
Originally, I planned on doing "What is stock trading?" as my first topic, to cover the stock trading basics. But the many requests and support of newbie stock traders prompted me to "jump" right into the "core" of this knowledge base thread - swing trading.
Ok. First, some definitions:
Here's Investopedia's "simple" definition of swing trading:
http://www.investopedia.com/terms/s/swingtrading.asp
"A style of trading that attempts to capture gains in a stock within one to four days.
To find situations in which a stock has this extraordinary potential to move in such a short time frame, the trader must act quickly. This is mainly used by at-home and day traders. Large institutions trade in sizes too big to move in and out of stocks quickly. The individual trader is able to exploit the short-term stock movements without the competition of major traders. Swing traders use technical analysis to look for stocks with short-term price momentum. These traders aren't interested in the fundamental or intrinsic value of stocks but rather in their price trends and patterns."
And here's more "expanded" definition from an introductory article on swing trading:
http://www.investopedia.com/articles/trading/02/101602.asp
"In reality, swing trading sits in the middle of the continuum between day trading to trend trading. A day trader will hold a stock anywhere from a few seconds to a few hours but never more than a day; a trend trader examines the long-term fundamental trends of a stock or index and may hold the stock for a few weeks or months. Swing traders hold a particular stock for a period of time, generally a few days or two or three weeks, which is between those extremes, and they will trade the stock on the basis of its intra-week or intra-month oscillations between optimism and pessimism."
My current swing trading practice doesn't exactly fit the Investopedia definition (I will cover more on my current practice later on this thread). I actually like the following definition better, although it still is not "exact" representation of what I do.
Here are some more definitions from About.com
http://daytrading.about.com/cs/educationtraining/a/shortterm_types.htm
Types of Trading
There are several types of trading styles that persons seeking to profit from short term trades in the market may wish to use. Here is a brief description of the most widely used short term trading styles.
Day Trading
Day traders buy and sell stocks throughout the day in the hope that the price of the stocks will fluctuate in value during the day, allowing them to earn quick profits. A day trader will hold a stock anywhere from a few seconds to a few hours, but will always sell all of those stocks before the close of each day. The day trader will therefore not own any positions at the close of any day, and there is overnight risk. The objective of day trading is to quickly get in and out of any particular stock for a profit anywhere from a few cents to several points per share on an intra-day basis.
Day trading can be further subdivided into a number of styles, including:
Scalpers: This style of day trading involves the rapid and repeated buying and selling of a large volume of stocks within seconds or minutes. The objective is to earn a small per share profit on each transaction while minimizing the risk.
Momentum Traders: This style of day trading involves identifying and trading stocks that are in a moving pattern during the day, in an attempt to buy such stocks at bottoms and sell at tops.
Swing Traders
The principal difference between day trading and swing trading is that swing traders will normally have a slightly longer time horizon than day traders for holding a position in a stock. As is the case with day traders, swing traders also attempt to predict the short term fluctuation in a stock's price. However, swing traders are willing to hold stocks for more than one day, if necessary, to give the stock price some time to move or to capture additional momentum in the stock's price. Swing traders will generally hold on to their stock positions anywhere from a few hours to several days.
Swing trading has the capability of providing higher returns than day trading. However, unlike day traders who liquidate their positions at the end of each day, swing traders assume overnight risk. There are some significant risks in carrying positions overnight. For example news events and earnings warnings announced after the closing bell can result in large, unexpected and possibly adverse changes to a stock's price.
Position Trading
Position trading is similar to swing trading, but with a longer time horizon. Position traders hold stocks for a time period anywhere from one day to several weeks or months. These traders seek to identify stocks where the technical trends suggest a possible large movement in price is likely to occur, but which may not be fully played out for several weeks or months.
= To Be Continued =
To post questions/replies/comments and discussions, click on link:
http://www.3stocksonfire.org/trading/index.php?topic=3635.0#msg32735
= "newbies group" update 03/15/06 = Start here for now. You can cover the "introduction" content above later. Below is the first lesson. You can then review "2. What is swing trading?" next
3. What is stock trading?
This will prompt many simple to complicated answers depending on who you ask.
Simply, stock trading is buying and selling shares (stock) of a company.
a) Of course, the next obvious question is, "What is a stock?"
When a company reaches a certain level of growth, it will go "public" and sell shares of the company to raise capital (money) to continue the growth of the company. People that buy shares of the company buy in anticipation of this growth and either trade (buy/sell short-term) or invest (buy and hold long-term) with the shares of the company. This buying and selling of shares of the company is what we do - stock trading.
b) There are at least two types of stocks. Simply, common stocks are shares traded on the open market, but if the company goes bankrupt, common stocks hold the last position of interest (after debtors) and often common share holders receive none of the proceeds of the company assets (can you say "Enron?").
For the "newbies group," just remember that common stocks are what we (retail individual stock traders) buy and sell on the open stock markets (NYSE, Nasdaq, AMEX, etc.).
c) There are many ways you can stock trade. You can buy/sell with cash accounts. You can buy/sell with "borrowed money" on margin accounts. You can trade with options or "short" stocks. These different ways of stock trading will be covered later. For now, we will primarily focus on buying and selling of stocks with cash stock trading accounts. (I will cover how to open a stock trading account at a later lesson).
d) So, how do you make money stock trading?
This really is the most important question. Many people stock trade, but not all of them make money stock trading or make money on every trade they make. What I have learned is this - You can make money stock trading ONLY if you learn the basics of stock trading and apply the principles of effective stock trading. Once you learn the rise and fall cycle patterns of stocks, you can buy low and sell high to make money, and repeat the buy/sell on the same stock or move onto another stock.
e) What are basics of stock trading?
Following are the "Basics of stock trading":
1. Intro to stock trading - What is stock trading?
2. Basic knowledge - What do I need to know?
3. Stock trading account - Which account type to open and how?
4. When to buy - What is a good entry point?
5. When to sell - What is a good sell/profit taking point?
6. Practice - What is "virtual" practice trade account?
7. Stock trading with real money - Let's swing trade!
f) What are principles of effective stock trading?
Once you learn the basics mentioned above, you must then learn and apply the principles of effective stock trading. The stock trading basics will provide an objective "general guidelines" to stock trading. To optimize or maximize stock trading gains, you must learn more "advanced" stock trading principles and techniques (such as Rotational Swing Trading) to become more effective in stock trading.
To post questions/replies/comments and discussions, click on link:
http://www.3stocksonfire.org/trading/index.php?topic=3635.msg51648#top
= newbies lesson update 03/16/06 =
5. How does law of "supply and demand" affect stock prices?
In every way.
We all know that large supply and little demand causes price drops in consumer markets. And that little supply and large demand causes price increases like the price of oil.
Stock prices are absolutely affected by this supply and demand influence.
How?
Let's say, there is one seller selling 10 shares of a stock and 10 buyers want to buy them. If they all want to buy the same 10 shares, the stock will be sold to the highest bidder in a typical "auction" style sale. In daily stock market trading, if there are more buyers wanting to buy stocks than sellers, "ask price" (sellers) of the stock will continue to go up as "bid price" (buyers) try to catch the ask price, often matching or surpassing the sellers' ask price.
On the other hand, what if 100 shares of stock are being sold by 10 sellers (10 shares each) and there is only one buyer. The buyer will pay the lowest price asked by the sellers in an "open price offer" sales situation. In daily stock market trading, if there are more sellers than buyers, the sellers will keep lowering the "ask price" to match the "bid price" by the buyers in the hopes of securing the sale. The sellers can ask a higher price than the "bid price," but the sellers may not find a buyer willing to pay a higher price when there are plenty of shares from sellers willing to match the "bid price" being offered by buyers.
a) So, the buyers ALWAYS dictate the price of stocks.
Don't believe me? Trying selling a stock at $10 when it is only trading at $5. You won't be able to find a buyer willing to pay that price. But when the "bid price" by the buyers is $5 and you ask $5 to match, you will find buyers all day long.
b) So how does buyers setting the price of stocks have to do with the law of "supply and demand?"
The amount of buyers (buying interest or buying pressure) is indicated as VOLUME of shares traded for each stock.
A good daily volume for a stock is generally 1+ million shares. If a stock has a 3 month average volume of 500,000 shares traded and one day trades 10 million shares, this volume increase in shares traded indicates something significant. Here are two opposite examples:
1. If a stock gains in price with matching volume increase, this indicates that there are more buyers willing to pay the higher "ask price" by sellers than sellers.
2. On the other hand, if a stock drops in price with matching volume decrease, this indicates that there are more sellers willing to take the lower "bid price" asked by buyers.
c) Daily volume of shares traded is one of "indicators" used to make buy/sell decisions by stock traders.
If a stock begins to gain in price with increasing volume, this is a positive indication to buy this stock. If a stock begins to gain in price with decreasing volume, this is not a positive indication and price may soon fall back down. (I will cover more on volume later) ;)
d) "For every share sold, there is a buyer who bought that share"
This is absolutely true. We often hear of "stock selling off" or "profit taking." as stock price falls. If you think about it, every share that was sold was BOUGHT by someone.
e) The key to effective stock trading is to be on the "proper or right side" of the trade. Stocks in general either go up or down (and sometimes stays flat or go "sideways"). ;)
The goal of every stock trader is to be buying as stock is coming out of a bottom (rebound) and selling as the stock is peaking. If you are buying low and selling high, you are on the "right" side of the trade. If you are buying high at top and selling low on bottom, you are on the "wrong" side of the trade. For every share of stock traded, there is always one seller selling and one buyer buying. Which side of the trade you end up is your decision and the ultimate mission objective of this Message Board thread.
To post questions/replies/comments and discussions, click on link:
http://www.3stocksonfire.org/trading/index.php?topic=3635.msg51648#top
= update 03/18/06 = Since I started my support for a new group of stock trading newbies and reposting of the knowledge base, requests have been made by those that have become effective with swing trading to move on to advanced stock trading principles and techniques.
So I started the "Rotational Swing Trading" posting at the swing trading MB. I will place the content here for now.
What is Rotational Swing Trading?
History:
Several weeks back on this MB, I outlined that the short-term swing trading template represents the smallest of the wave patterns of Elliott Wave Theory. http://www.stockcharts.com/education/MarketAnalysis/elliotwavetheory.html
With the short-term swing trading template proven to be effective 95%+ for trending stocks, many asked how they should stage and line up the next stocks to be short-term swing traded.
I have been thinking about finding indicators to represent the larger groups of Elliott Wave Theory wave patterns and initially developed the draft of mid-term swing trading template undergoing tests right now.
Then it hit me one day that my method of staging stocks off the 20-40 stock monitoring list needs to be improved. You see, I have been staging stocks that are "good" candidates but as I focus on the stocks I am holding, often good buy/sell entry/exit points pass by for other stocks. While wishing I had more money to trade on these good buy/sell points I realized something.
For the past month or two, I have been focusing on 1-3 stocks and buying/selling at short-term swing trading template buy/sell points. Often, I would be holding two or three positions at the same time. This often resulted in missing the bottoming of MACD/RSI for stocks that are lined up.
Creation of Rotational Swing Trading:
If you follow the short-term swing trading template's buy/sell indicators, you can essentially buy low as MACD is bottoming and rebounding with RSI at (30-50) and sell high as MACD is peaking with corresponding RSI hitting 70-80+.
= This is for advanced swing trader = What if you take several stocks you are familiar with and can accurately time the bottoming of the MACD of those stocks and put them on a "rotational schedule" and perform Rotational Swing Trading as each stock's MACD is bottoming and peaking? Impossible? Well, we have demonstrated that we can accurately time the buy/sell points of one stock based on the short-term swing trading template's indicators.
If you have been trading for some time, you will be familiar with a group of stocks and their previous performance (we need about 3 months time period). If you are willing to spend some time calculating the MACD bottom/peak cycle and projecting the bottoming of stocks that started their price correcting drop, you can estimate the bottoming of the MACD and schedule the stocks for Rotational Swing Trading, so you are always buying at bottom and selling at peak and immediately buying the next stock on rotation where the MACD is at or near the bottom and rebounding.
I have been doing some of this rotation this month and last month. My timing is getting better within 1-3 days, but I see potential for even more accurate timing because you only need 2-5 stocks to perform the rotation.
= Rotational Swing Trading Template Update 03/19/06 =
Ok, I finished my first "Beta" draft of the Rotational Swing Trading Template (see below). It is the first version and I need to put it to test next.
Like the Short/Mid-term Templates, it will continue to evolve and be refined as time goes on. Take a look at the Instructions and the Template itself and see what you think.
The Short/Mid-term Template represents the smallest of the Elliott Wave Theory wave patterns and the next group of wave patterns while the Rotational Swing Trading Template allows the trader to simplify the lining up and timing of the buy/sell cycles of multiple qualifying trending stocks on a single template. ;)
= For newbies to swing trading = Since the Rotational Swing Trading Template is a Beta draft version, please master the effective use of the Short-term Swing Trading Template before moving on to the Mid-term or Rotational Swing Trading. However, you are more than welcome to practice the more advanced template use "on paper."
Have fun and enjoy! :D
to be continued...
To post questions/replies/comments and discussions, click on link:
http://www.3stocksonfire.org/trading/index.php?topic=3635.msg51648#top
= Update 04/21/06 =
Here's a primer on how to draw the basic BUY/SELL charts for Swing Trading: (I will use CDIC as an example)
0. Select a stock (You can use 3SOF stocks, stocks off stock screeners/filters, etc.)
1. Pull a 3-4 month chart using daily period (I use stockcharts.com's free sharpcharts)
2. Draw the charts with 5/20 Simple Moving Averages, RSI (14), MACD, colored candlesticks
3. You can use the "Annotate" feature or draw the BUY(Blue)/SELL(Red) arrows and lines manually using ruler and colored pens
4. Wherever you see MACD bottom, drop a Blue BUY arrow and put a vertical line
5. Wherever you see MACD peak, raise a Red SELL arrow and put a vertical line
That's it! Really, it's that simple to draw the BUY/SELL chart for Swing Trading.
So, looking at the BUY/SELL chart, you can tell where the BUY/entry points are and where the SELL/exit points are. They typically correspond with RSI bottoms of 30-50 and peaks of 60-80+.
Once you got the Short-term Swing Trading down pat, you can then line up 1-5 stocks to do Rotational Swing Trading.
Keep practicing drawing the BUY/SELL Swing Trading charts. The more you practice, better and faster you will get. Really, Swing Trading CAN be this simple.
To post questions/replies/comments and discussions, click on link:
http://www.3stocksonfire.org/trading/index.php?topic=3635.msg51648#top
Since this 3SOF MB thread is a "knowledge base" thread to convey information, another "mirror" 3SOF MB thread exists to post questions/replies/discussions and to "apply/express" information covered here with "real life" stocks and money. The link is here:
Since this 3SOF MB thread is a "knowledge base" thread to convey information, another "mirror" 3SOF MB thread exists to post questions/replies/discussions and to "apply/express" information covered here with "real life" stocks and money. The link is here:
Since this 3SOF MB thread is a "knowledge base" thread to convey information, another "mirror" 3SOF MB thread exists to post questions/replies/discussions and to "apply/express" information covered here with "real life" stocks and money. The link is here:
Since this 3SOF MB thread is a "knowledge base" thread to convey information, another "mirror" 3SOF MB thread exists to post questions/replies/discussions and to "apply/express" information covered here with "real life" stocks and money. The link is here:
Since this 3SOF MB thread is a "knowledge base" thread to convey information, another "mirror" 3SOF MB thread exists to post questions/replies/discussions and to "apply/express" information covered here with "real life" stocks and money. The link is here:
Since this 3SOF MB thread is a "knowledge base" thread to convey information, another "mirror" 3SOF MB thread exists to post questions/replies/discussions and to "apply/express" information covered here with "real life" stocks and money. The link is here:
Since this 3SOF MB thread is a "knowledge base" thread to convey information, another "mirror" 3SOF MB thread exists to post questions/replies/discussions and to "apply/express" information covered here with "real life" stocks and money. The link is here:
Since this 3SOF MB thread is a "knowledge base" thread to convey information, another "mirror" 3SOF MB thread exists to post questions/replies/discussions and to "apply/express" information covered here with "real life" stocks and money. The link is here:
Since this 3SOF MB thread is a "knowledge base" thread to convey information, another "mirror" 3SOF MB thread exists to post questions/replies/discussions and to "apply/express" information covered here with "real life" stocks and money. The link is here:
Since this 3SOF MB thread is a "knowledge base" thread to convey information, another "mirror" 3SOF MB thread exists to post questions/replies/discussions and to "apply/express" information covered here with "real life" stocks and money. The link is here:
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Welcome to Stock Trading Basics to Swing Trading! :D
This 3StocksOnFire.org (3SOF) Message Board (MB) thread was created in the spirit of "community forum" of 3SOF for those new to the world of stock trading or traders seeking more information to become effective stock traders.
The "knowledge base" for this MB thread is located at 3SOF "Knowledge Center" here:
http://www.3stocksonfire.org/trading/index.php?topic=3633.msg32632#msg32632
This is the application/expression "mirror" of the "knowledge base" MB thread to put to practice the stock trading information using real life stocks and money. "Put your money where your mouth is" ;)
The goal of this thread is not to be the "ultimate or be all" of stock trading, but to focus on a small component of stock trading world of "swing trading" for newbies to stock trading and for traders seeking information to be more effective traders.
The purpose of "swing trading" is to monitor the rise/fall movements of stocks (20-40 stocks monitored and 1-3 stocks swing traded at a time) to maximize the gain (buying low on dip/pullback/profit taking/selloff and selling high on gain/peak and buying back more number of shares on dip, etc., etc.) on a short-term basis (typically 1-3 or more days) to end up with larger number of shares at the time of the "final" sell of stock for that "episode" of swing trading than initially bought or to end up holding "cash" instead of "shares" when the stock begins dropping/selling off. Once the "episode" of swing trading is completed, you move onto the next stock(s) on your list of 20-40 stocks. You may "swing trade" the same stock/sector several times during the year returning to "maximize" the gains on rebounds. ;)
= Update 03/18/06 = I have posted the Swing Trading template at the 3SOF Knowledge Base. The short-term template is designed for trades within 1 week while the mid-term template (in first draft version still undergoing trial tests) will focus on weeks to months of swing trading. I will also start posting a more advanced swing trading principle/technique of "Rotational Swing Training" at this MB and the Knowledge Base. ;)
Due to this "specific and narrow" focus of short-term swing trading, absolute "OBJECTIVE AND DISCIPLINED" stock trading methods/techniques must be applied (the stock trading basics and methods/techniques can be found here - see index of topics: http://www.3stocksonfire.org/trading/index.php?topic=3633.msg32632#msg32632).
For this "swing trading" MB thread, no emotional/personal attachment to any stock should be maintained. ;)
If you don't mind the often "fast and furious" objective and short-term world of "swing trading" or want to "speculate" with a small percentage of your portfolio, please start with reading the "knowledge base" MB thread at "Knowledge Center" and join us back here to "maximize" gains. ;)
This MB thread will be maintained in the spirit of 3SOF "community forum" to benefit us "individual retail stock traders" and welcome all input/support of 3SOF members (public/premium) and visitors.
Let's swing trade!
- John
Repost from 3SOF MB (15th post from top)
http://www.3stocksonfire.org/trading/index.php?topic=3401.msg34056#msg34056
Wow... sometimes we get caught up and don't see the big picture.
First of all, I want to say this. I came to 3SOF as a newbie who was losing money stock trading. What I found at 3SOF was a welcome invitation from members who "openly" shared their trading knowledge and experience.
Secondly, there are supporters of 3SOF (premium and public members) who devote a tremendous amount of time posting valuable stock trading information (which by the way, I use on a daily basis). The entire swing trading and knowledge base MB threads are the "combined result" of what I have learned from 3SOF (David/Frederick and supporters) and countless Yahoo finance/Raging Bull MB threads. These two MB threads are my "thank you" and "passing forward" of the knowledge and wisdom shared by all of you who tirelessly research and post to share the wealth of information so that it can benefit "thousands" of 3SOF members and visitors each day.
You can call 3SOF a "collective" of individual "retail" stock traders (yes, that's what SEC calls us) that come together in a "community forum" to share "real-time" stock trading data on a hourly/daily basis. As I have emailed David and Frederick before, we are in the "infant/beginning" stage of 3SOF evolving and developing into an entity that I believe will be something "unique and amazing" in the months and years to come. I have visited many stock trading message boards and no other MB is as "professional and informative" as 3SOF.
As you can see from countless new members to 3SOF, the word about 3SOF is spreading fast around the stock trading/finance circles. David and Frederick have created (and now supporting this website project full-time. Thanks! :D) a very special "community forum" for us that will now grow "exponentially" and potentially become an "influential" collective of individual "retail" stock traders/investors.
Can you imagine what 3SOF members do to a penny stock or micro- and even small-cap stock with their buying/selling volume? In the past, it was not a factor, but as the membership/viewership increase on a daily basis, this volume influence will be a factor (for some stocks, it probably already is) that cannot be discounted in the near future. Many 3SOF members are now moving 5K, 10K, 50K, and even 100K+ blocks of shares!!! Combined, these are Institutional/Hedge Fund/Money Manager level of volume!!! Do you believe that various brokerages, fund managers, and stock brokers are maybe tracking and monitoring what is posted at 3SOF? Perhaps. But if they are, then what happens at 3SOF will now "influence" the movement of stock prices based on 3SOF MBs. Instead of 3SOF MBs "following" stock trends, 3SOF MBs may now "trend" the stocks they cover.
The numerous supporters of 3SOF who devote themselves to research and post at 3SOF (you know who you are ;)) are the "core foundation" of 3SOF, and this newbie is very proud to be a contributing member of 3SOF!!! :D
I thank you all, and applaud you all for what you have taught me and what you teach me on a daily basis! I post because stock trading is my "hobby" and I enjoy the "practice" of stock trading. I look forward to what 3SOF will become in the future.
BTW, I post to benefit newbie stock traders and those seeking to be more effective. And I will continue to do what I believe and enjoy. I post to benefit those that seek stock trading information. If there are some that don't agree or appreciate the information I am sharing, the countless many that do more than make up for that!
Once again, thank you and post away 3SOF "core" members!!!
runforthedoor,
I reserved 100 reply post spots to post my 100 topics regarding stock trading fundamentals (see Topic Index) so as to maintain a "continuity" of knowledge base for newbies and visitors.
Please post your replies/questions/comments and discussions at the 3SOF "swing trading" thread here:
http://www.3stocksonfire.org/trading/index.php?topic=3635.0#msg32735
If you are new to this thread, please start from begining here:
http://www.3stocksonfire.org/trading/index.php?topic=3633.0
Thanks! - John
I get it...I'm a little slow. ;D I am looking forward to the posts and everyones thoughts on this subject...I deleted my post on the other thread. ;D
Great thread livelife,
Ive always been interested in swing trading but have never tried it. I'm interested to see what develops here.... Applauds. ;D
-fousc
Can anyone suggest any good books to help supplement what is discussed here ?
Hi LL,
THANK YOU FOR YOUR GREAT WORK AND KNOWLEDGE SHARING GENEROSITY!!!!!
Wayne
LL,
I have a question. How would you allocate the percentage of investment capital that should be swing traded at any one stock? I know 3sof only invest 6.66% on any given stock. You said swing trade 1-3 stocks, would that means 33% of your investment capital maximum? or depending on how attractive the stock is?
Wayne
rurouni,
I do swing trade 1-3+ stocks (100% - 33.3%) with my entire stock trading account, but I must clarify something in regards to my portfolio (I'll make portfolio percentage one of the "Knowledge Base" topics).
When David started his "Fast 3SOF" folder, he allocated $15,000 (I believe about 6.66% of his portfolio) to buy 3 positions of $5,000.
In addition to my Scottrade "stock trading" account, which is my "hobby" account, (This information is for US stock traders) I have a separate 401K account for my retirement. I also have two Roth IRA accounts, for myself and wife, with Scottrade. Unlike traditional IRA, you can withdraw some or ALL of Roth IRA at age 59 TAX FREE! :D
You can also pull out your initial/subsequent Roth IRA contributions AT ANY TIME. So, you can initially fund your Roth IRA (say $100 - $4,000, the current annual cap), but after significant "growth" of your Roth IRA, you can pull out your initial/subsequent contributions without penalty to, perhaps, add to your "swing trades."
I have my 401K money in mutual funds (T. Rowe Price Mid Cap Growth Institutional during bullish market conditions and Vanguard GNMA during bearish market conditions). My selection of available mutual funds through my employer is limited and these (and others) have been "acceptable" performers.
For now, Roth IRA accounts are "parked" 100% in HANS (Hansen Natural Soda). I will be looking to diversify Roth IRA accounts into 3-5 stock positions. I DO NOT swing trade with Roth IRA funds and look for "long term" growth stocks. (Roth IRA for US stock traders is one of the topics I will be posting in the "Knowledge Base")
Now comes my "hobby" stock trading account. I swing trade with 1-3 stock positions, but they DO NOT represent 33.3% - 100% of my "over all" portfolio, only my "hobby" stock trading account.
For many, short-term swing trading will be "speculative" and I recommend that you only swing trade a "small" percentage of your portfolio that you feel comfortable with (maybe 5% - 10% to start with, until you are more "comfortable" and "proven effective" with profittable swing trades under your belt).
- John
Hi LiveLife,
Thanks for this thread. I'm more of an intermediate to long term trader. But, I'm always open for "other" ways of making money in the stock market and swing trading came across many times. From your post I can see that you've picked up very quick and you are willing to share your knowledge with others. I'll be more then happy to learn from you. Thanks again and GLTY.
Waiting for the pointers.
Gielda
I understand, you have a good mix of low, medium and high risk investments. :) Thanks LL.
I bought TIII at $3.05 (yes, 100%) this morning. BTW, TIII is one of David's "Fast 3SOF" (Thanks again David! :D).
I am not sure how high it will go intraday, so I will put a "trailing stop" sell order at 5% (If I was more certain about how high the stock would go, I would have used "stop limit" sell order.)
Well, I am off to work!
Good evening!
Looking at the intraday chart, "stop limit" sell order at $3.15 ($0.10 gain) may have been more appropriate than "trailing stop" sell order (But since I am not daytrading, I could not have known that).
I am a day-to-day swing trader, still learning the "ropes" and "evolving" with the market each day.
If you look at the StockChart below closely, instead of candlesticks I have used in the past, I am trying the HLC bars. I am examining if HLC bars (more simple to read than candlestick patterns IMO) are better indicator to use for short-term swing trading. Time will tell.
RSI is high at 80, indicating "overbought" condition, but instead of a declining selloff, the stock is showing spiking gains.
I pulled a StockChart for HOM as a comparison. If you look at the blue oval, the RSI is above 70 at several points with corresponding decline, but the stock continued to gain (blue box) over all. Not until HOM hit $5+, did the stock take a $1 pullback (Red ovals), only to continue back towards $6. Of course, TIII chart may not be representative of HOM's performance, but just a thought and comparison.
= update = LOL, since many of you asked which you should buy (TIII or HOM), I added a 5-day comparison chart below. ;)
HI LL,
Just wondering, what made you jump into TIII this morning and why at that time? Is it because of increase in volume and increase in price? and how did you notice this stock this morning?
Thanks in advance.
Wayne
With my Scottrade account, you can have 20 "streaming quotes" per window. I have my 20-40 stocks (I will post how to select 20-40 stocks to monitor in the "knowledge base") in the windows and each morning at market open, I watch for gain/volume activity.
I noticed this morning that TIII had a significant gain with "acceptable" volume level in comparison to other stocks (20-40 stocks) and I made a decision to buy.
Good morning!
Repost from Yahoo TIII MB this morning:
Since I am new to TIII as of yesterday, thanks for all the previous informative posts on TIII.
I am a short-term swing trader and I do take profits on "significant" gains, only to buy back on dip/pullback more shares, and so on, to end up with more shares at the final "sell" of the stock.
However, if TIII's current gain performance is similar to or repeat of HOM's recent 4 month gains, then I may "hold" my swing trading and allow TIII to gain, until significant profit taking takes place. If TIII remains bullish after profit taking, then I will buy back more shares. Time will tell, and I will watch TIII very closely in the coming days.
This is Technical Analysis composite indicator from Barchart.com. Can you get any better "BUY" indicator? :D
http://quote.barchart.com/texpert.asp?sym=TIII
Wow, what a morning!
I took TIII profit at $3.15 - $3.17 this morning (my initial sell target at buy in was $3.15 and I bought in at $3.05).
So, onto the next trade. I will return to TIII in the future if the conditions are right.
I've been waiting for NVAX to rebound after $6 to $3 dollar fall. Well, this moring may have been the "bottom" I've been waiting for. I bought in at $3.18.
Below are comparison charts of TIII and NVAX (TIII vs NVAX1) at the moment of TIII sell and NVAX buy.
= update = I also added followup comparison charts since the sell/buy (TIII vs NVAX2). It's neck and neck at $3.23.
Which stock will prevail?
I thought about holding 50/50 position, but with recent $5-$6 memory fresh on a lot of traders' mind and with TIII hitting new 52 week high, many may take profit on TIII. By comparison, NVAX is rebounding from bottom.
= update = Dang, this is like watching a race! (see TIII vs NVAX3) I am thinking about doing 50/50 again.
= update = Well, looks like NVAX may have the upper hand (see TIII vs NVAX4)
Great trading LifeLife.
Question: TIII looks really overbought. Isn't that a good candidate for a short?
Well, this is where I go off to work. I wll hold NVAX for now (I haven't set my sell target yet, since I anticipate a "significant" rebound for NVAX towards $4 - $5 range)
OneStockMind, this newbie (since July of this year) hasn't learned the art of shorting and option trading, YET! ;)
See you after work.
= update =
Good evening! Wow, I guess NVAX won the race (TIII vs NVAX6)!!!
Here's the my quick recap for today. I will post more analysis after dinner. ;)
For the "unbelieving" Yahoo finance MB posters, here's copy of my Scottrade closed executions:
OneStockMind, many have asked about "shorting a stock" and I started my "continued learning." Here's an article that explains "shorting"
http://biz.yahoo.com/opt/051017/696f9c7a3ccc7b633e572112f6f9db08.html
"BACK TO BASICS: The Stock Shorting Process Explained, Jeff Neal
Monday October 17, 1:30 pm ET
Shorting stock! "What you talkin' 'bout, Willis?" A valid questions indeed, especially about a strategy that has unlimited risk. But many traders/investors really do not understand the process, and, like most market positions, this type of strategy can be implemented with relatively low risk when employing options. By shorting stock, traders have the ability to take advantage of a declining market by selling or shorting shares of stock.
The trader's objective when shorting stock is to sell the stock first, and then hope it will decline in value so that it can be repurchased at a lower price. Of course, the profit or loss would be determined by the difference between the selling price and the purchase price. Before this process can take place the trader must first borrow the shares from their broker. In some cases, it might not be possible to find the stock. This is especially true of less liquid or less actively traded shares.
To find the stock shares to lend, typically a broker will look in four places. The first will be from other customers who are long the stock in their margin accounts. If that does not work the broker will look in three other places, which include its own inventory, securities borrowed from another brokerage firm and/or securities borrowed from institutional investors. If the broker comes up empty after exploring all of these options, then the short seller will not be able to borrow and short that particular issue.
If a trader is able to short a particular stock then they will profit if the stock price declines. However, it is important for the short seller to know that if any dividends are paid by the stock, then the lender, not the short seller, is entitled to them. The person holding an open short position must pay the amount of the dividend to the lender. Another important point is that the lender retains the right to demand that the stock be returned to them at any time. This is certainly one of the major risks of short selling since the lender may demand that the shares be returned before the stock has made its move downward. In addition, if the stock surges to the upside, the short seller is exposed to unlimited risk and potential margin calls.
A far better way to accomplish the same type of objective is to just purchase a straight put or implement a bear call spread position. This is much better than actually short selling stock because you have limited risk versus unlimited risk and you can still profit from a decline in the stock price. In addition, the trader is not subject to any unwanted margin calls should the position go against them. Ideally, a put could be purchased when either the options on the stock are experiencing low implied volatility and are cheap; and a bear call spread constructed for a credit when the underlying is showing high implied volatility and are ex! pensive. Either way these two methods have a much better overall risk-to-reward ratio versus the short selling of stock.
Happy Trading."
NVAX percentage back up to 8.24% on Merrill Lynch Nanotech Index - NNZ!
http://www.amex.com/?href=/othProd/prodInf/OpPiIndComp.jsp?Product_Symbol=NNZ
Quote from: LiveLife on November 15, 2005, 12:00:28 AM
I noticed this morning that TIII had a significant gain with "acceptable" volume level in comparison to other stocks (20-40 stocks) and I made a decision to buy.
Hi LL,
What would you consider as an acceptable trading volume? as in comparison to what? (e.g. above average trading volume, etc)?
Quote from: LiveLife on November 15, 2005, 09:03:36 AM
I am a short-term swing trader and I do take profits on "significant" gains, only to buy back on dip/pullback more shares, and so on, to end up with more shares at the final "sell" of the stock.
What is your definiton of an acceptable gain in comparison to the purchase price and do you do trailing stop loss when you are gaining?
Thanks again for your help LL, sorry for the many questions but I am very anxious to learn.
Wayne
rurouni, I welcome the questions. That's why this MB thread was created, to learn and practice what we learn, as newbies to stock trading and traders wanting to be more effective. ( I am still a newbie from this July, and still on "learning mode." Heck, I don't even know how to short or option trade!) ;)
Quote from: rurouni on November 15, 2005, 11:44:58 PM
What would you consider as an acceptable trading volume? as in comparison to what? (e.g. above average trading volume, etc)?
I trade in 5,000 - 10,000+ share blocks and I must buy stocks with big enough volume. Otherwise, I won't be able to buy all the shares I need or can't sell when I need to take profit. I generally look for stock with 1-2+ million shares/day, more the better (I noticed that high volume stocks tend to also have more volatility for gain/loss). TIII traded 1.5 million shares compared to 17 million shares NVAX traded.
Quote from: rurouni on November 15, 2005, 11:44:58 PM
What is your definiton of an acceptable gain in comparison to the purchase price and do you do trailing stop loss when you are gaining?
You MUST have a sell target before and especially immediately after you buy (Thanks David and other 3SOF supporters that "pounded" this discipline into my head! :D).
Since I bought 10K+ shares of TIII, a $0.10 gain equals $1,300+ and "acceptable gain" for me. $0.20 - $0.30 gain of NVAX equals about $3,000 - $4,000+ in gain and "more than acceptable" gain for profit taking. Of course, I will watch NVAX closely at market open for any "gap up" or significant gain and sell as NVAX gains. It's better to take smaller gains than take losses.
I use trailing stop sell order(with 5% loss) for stocks that I am not "certain" where the intraday high will go to (I work at a full-time day job and can't daytrade - I am thinking about asking for flex, 3/4 or 1/2 time work schedule tomorrow so I can daytrade from market open to noon PST). For more familiar stocks, I use limit stop sell orders to maximize on any spiking gains and to minimize loss in case stock drops intraday.
Good morning!
= update = Since I am swing trading, I must take profit on any significant gain. My new sell target would be $3.40 - $3.60 this morning after yesterday's buy in at $3.18 - $3.26, unless market opens with a gap up (bid/ask is currently $3.70's), then I will look for higher sell target. I will watch the market open closely for early morning profit taking or spiking gains. And buy back if rebound continues, if not, then onto the next stock on the 20-40 list (I am curious to see what will happen to CPST after deal with Walmart).
Since this MB thread is primarily for "swing trading," I posted key slides from Nov 7th conference presentation with CEO/President and Chairman of the Board at the NVAX MB: (4th post from top)
http://www.3stocksonfire.org/trading/index.php?topic=2478.new#new
I resumed my "knowledge base" postings at the Knowledge Center MB here:
http://www.3stocksonfire.org/trading/index.php?topic=3633.0
Nice jump this morning at market open! :D
= 0720 PST = If you look at the Scottrade streaming quote chart, red ovals represent good sell points (always good to sell as the stock rises). The blue oval represent a good buy back point. (Yes, I took profit at $3.83 - $3.85 but bought back at $3.88 - $3.90 when I saw a second spiking gain - so I thought. ;)) I was anticipating for the early morning profit taking, and wasn't sure if that small drop was it. Any way, now I wait for the next sell target around $4! If it falls below $3.70, I will sell.
= update = I sold NVAX at $3.71 - $3.70. On to the next swing trade!
Ok, I spent the time after I sold NVAX to "scan" for the next swing trade stock.
As I mentioned on the earlier post, I thought about buying CPST, I decided that I may do better to catch the rebound of NVAX. I am back in at $3.67.
Looking at the Activity4 chart, I am going to "gamble" on NVAX today (I am still up from $3.18 - $3.26 right? ;))
Off to work I go - I will be asking for flex, 3/4 or 1/2 time work schedule.
See you after work.
Good evening!
Well, I got my approval for flex-1/2 time work schedule so I can trade from 6:30 AM PST market open til 10:30 - 12:00 noon!
This will allow me to focus more on "swing trade" and "knowledge center" MB threads and improve my trade decisions instead of "rushing" the trade decisions because I have to get to work.
I have received a lot of emails seeking information on "how not to lose money" stock trading and what "essential basic" information is necessary for effective stock trading. ;)
I will be carefully reviewing the Index of Topics and post information that are "essential and functional" to basic stock trading and swing trading for "newbies"
Of course, not all trades will be positive on this "swing trade" MB thread, but that's how we gain knowledge and experience. (Wisdom is gained from experience and experience is gained from making mistakes ;))
It is my hope that this MB thread will guide new stock traders (like me) identify what/how/when stock trades make/lose money in relation to stock/market trends.
In time, we'll be more effective in our trades and hopefully "enjoyable!"
If you look at the 5 day chart, it certainly looks like a "profit taking" day today. Looking at 3 month and 6 month chart, NVAX appears to be marching up the chart, while taking the "obligatory" pullback and price correction. IMHO.
Good trading!
Lycos I-watch is "real time" streaming, so it won't show this morning's activity (I believe there was a sell execution early morning), but Institutional/Money Manager interest is still very much active.
I believe NVAX should pick up where we left off on Tuesday's close.
Time will tell at tomorrow's market open.
Merrill Lynch Nanotech Index - NNZ increased their holding percentage of NVAX up from 8.24% to 8.38%
http://www.amex.com/?href=/othProd/prodInf/OpPiIndComp.jsp?Product_Symbol=NNZ
I made a swing trading mistake, and here's my review of that mistake.
After taking profit on NVAX, I needed to be objective and non-emotional about any stock and look for "actively gaining" stocks to swing trade with. I will admit that I thought the small rebound point (red oval) was bottom for yesterday and I didn't worry too much when I left for work (BTW, I got approval for flex-1/2 time so I can trade from market open to around 12 PST :D)
After I took profit on NVAX, I "quickly" looked at many other stocks I could swing trade with and returned back to NVAX after seeing that small "rebound" - big mistake.
I received many emails last night about what should be done to effectively swing trade, since many haven't turned a profit stock trading since they started. My initial response to emails like these is "start a stock trading log and review your mistakes, and DO NOT repeat the mistakes with future trades." If you don't repeat what you did to lose money, then you will move towards becoming more effective stock trading.
Here are my mistakes that I MUST NOT repeat with future trades:
Mistake #1 - After taking profit on a stock, I must take "adequate" time to "properly" assess the next stock(s) to swing trade with.
Mistake #2 - For this short-term swing trading, I must remain objective and non-emotional with any stock, and not return on "hope" that rebound will spike up.
I looked at buying CDE at the same time NVAX rebounded (blue oval). What a costly mistake of not buying CDE!
I did a quick TA on CDE and 10 MA is approaching 50 MA with RSI around 50 with MACD about to turn positive.
Daily volume is acceptable to me and although CDE has had big gains the last few days, it appears to be on a bullish run up. I will take profit on next significant gain (I am bought in at $4.35 and will sell above $4.45 - $4.50)
Dang, this is day/swing trader's dream and/or nightmare! :D
Yes, I saw the NVAX spiking rebound and quickly sold CDE and bought back NVAX at $3.49 - $3.50.
Wow, what swings! NVAX has returned to be day traders' dream again!
If you are daytrading, there was $0.25 swing up in less than 30 minutes!
I took a timeout and decided to re-examine my 20-40 stock list and "practice what I preach"
Take a look at the TA charts for NVAX and GNBT.
Both are rebounding from significants drop in stock price with RSI very low (below 50) indicating "underbought" condition and both stocks have a lot to rebound up.
I sold enough shares of NVAX to buy 10,000 shares of GNBT.
Now I will watch.
I am continuing to check the rest of my 20-40 stock list and SANM had a nice rebound as well (now that I have flex-1/2 work schedule, I can do more of short-term swing trade stock monitoring and post their charts here for all of us)
While looking at the 20-40 stocks, I noticed AVII's gain activity. I sold all of my positions and bought AVII at $3.45
Took a small profit of $0.05 and bought back NVAX $3.45.
Dang, this is my first "real" day of daytrading...this is work!
Dang, lost count of daytrades I made today! I am exhausted!!!
CDE definitely prevailed today! There was large Institutional/Money Manager selling of NVAX.
I am going to convert to cash and let my head clear from today's daytrading! (I don't know how the daytraders do this day after day!!!) :o
I will do a review this evening after work and determine the future of this MB thread, now that I am mostly daytrading.
Well, I am off to work!
= update = Dang, call me crazy, but I am buying CDE back in case it gaps open again like the last two days!
Don't pay attention to thompson FN - those "buy signals" are usually contrarian if anything.
On another note - Nvax looks terrible here. Testing descending triangle support. Probability trading strongly favors a breakdown of 3.30....back to 3.06 - Although 3.45 is a bulish breakout buy signals.
Those are my pivot points...
Pivot Long - 3.50
Pivot Short - 3.30
For the new swing traders I would strongly encourage you to take a look at this site... http://chart.nu
Type in any stock symbol you want, once the chart comes up click on "swing signals" under the TOOLS menu... experiment with it
Hey Calven. I visited chart.nu and find it pretty interesting.
What is your experience with it so far and how you use it?
Absolutely love the site. I have found voodoo's HILO / trendline signals to be extremely accurate....
Basically the site swing formula analyzes:
1) Ratios of highs and lows of a trading day
2) Volume of these trading days
3) Relationships to trendlines and short term moving averages
If factors in these three things in a complicated formula based on GANN studies...
http://www.investopedia.com/articles/technical/04/042804.asp
If you enter a symbol.... Lets use IBM as an example. Once you enter the symbol, press enter. A chart with trendlines should appear. Next move your mouse to the TOOLS menu to the left. Click on SWING SIGNALS. Next adjust your chart settings to MEDIUM timeframe and HILOCLOSE instead of candle. Now you should have a menu above your chart of IBM. The background of that menu should be highlighted green. If its not you should adjust your monitor's brightness. The background of the menu on top of the IBM chart changes color as the the system turns bullish and bearish on stocks....
Here are some of the abbreviations on that menu:
WR7 = widest range in the past 7 days
NR7= narrowest range in 7 days
trendtest = testing a trendline on the chart
inside = both the high and low of the day were inside the previous day
++ = both high and low were above previous days high and low
^ = bearish/neutral day in an uptrend - no change in sentiment - consolidation
turtle soup buy or sell = 1 day signals for the comming day, possible swing sentiment change
trend false break = false breakdown of the trendlines
Hope this helps you out...
Hi Calven,
Thanks for the link. Great tool!!
I agree! Great link calven... I will applaud you as many times as I can before I pass out tonight. :D Thank you.
VooDoo rules!
Very interesting - Thanks Calven.
GLTY,
Gielda
calven, Voodoo Trader is awesome!!! = applaud =
= Notice =
After what happened today and what I have realized about stock trading along with numerous email requests, I am going to completely "restructure" the knowledge base MB thread.
I am going to "focus" the objective of this MB thread and the knowledge base thread to pursue effective stock trading (regardless whether you are day/swing/trend/long-term trader) based on definite disciplines, methods and techniques.
If the knowledge base and this "application" MB threads are to serve to introduce "newbies" to stock trading and to be "effective" traders, "critical and essential" principles MUST be covered so that "newbie" like me, start off trading on the "right" solid foundation (long before more advanced concepts and techniques are utilized).
I sent several emails out yesterday responding to new traders who HAS NOT made any money stock trading!!! 3StocksOnFire exists to provide service to all levels of traders, especially new traders. I will make it my objective to serve this segment of the membership with this MB and the knowledge base MB threads.
We are in the "transitional" phase into bullish market trends. To not make money, and worse yet, "lose" money in this market condition is not acceptable! 3SOF portfolio and members know how and made money during the worst "bearish" market trends of July - September, including this newbie. As we head into "bullish" market trends of November - January, stock trading should only get easier to make "more" money.
Let's trade!
I would like to post some ideas I follow when trading...
# Trade with the trend ALWAYS (trend can be as little as 1 week or 1 year. Just identify the trend - (doesnt apply when playing the breakout IE CNTF OLGC)
# Do not try to buy "stocks at bottom" - chances are you won't (unless very experienced or the 3SOF STAFF tells you to) why not buy stocks going up? Don't be a hero...a lot of base hits are better than the occasional homerun followed by 3 strikeouts... - compounded gains
# Diversify to limit risk with large amounts of money or "non speculative money"
# Never let a sizeable profit turn into a loss - if you are up 15% or more set a trailing stop...
# Never add to a losing position - this goes along with trading the trend and diversification
# Cut losses, let profits ride - (place stops under support levels...)
# Plan your trade and trade your plan. no emotion unless you are up 500% then maybe some emotion...haha
# Know when to cut losses (STOP orders under support levels) and take profits (trading the plan)
# Be more concerned with protecting capital than increasing profits - beginners.... if you blow all your money you cant ever make it back....
Most importantly, never stop learning (this board is a great place to learn - I have learned a ton - thanks everyone) and learn from mistakes...
I like all the ideas you put up... but I don't like the 8-10% cut loss rule. I usually put a stop-loss at a major support level or at a 20% drop. I've made about 80% on SWIR... and I got in a little bit too early. If I had followed the 10% rule, I would have gotten out about 4-5 weeks before the move from 7 to 12.25. I bought in at 7.49 and averaged down at 6.89 about 2 weeks before it hit a 52 week low at 6.33. A little more than a month later it started up and it's sitting at just under 13 now. I've sold about half of my position. I try to put a 16-20% "rule" in. It's seemed to work better for me :D. But I've got an investment horizon of 40 years to make up my losses so that helps a little bit ;D. Good work on the other tips though.
I definately agree, I will change the rule.... thanks (applause)
Quote from: dwest718 on November 17, 2005, 09:35:49 PM
I usually put a stop-loss at a major support level or at a 20% drop.
dwest718,
How do you define a MAJOR SUPPORT? Is this calculated my the number of bars supporting the price leve (the more the better)?
Thanks.
It is hard for me to articluate what "Major supports" exactly are but I tend to set some guidelines or notice trends (on 3 or 6 month charts):
1) If a stock has spent several weeks at a certain price (whether bouncing off of it or sitting on top of it before moving gradually off), then I call that a support. The longer the stock stays at that level, the stronger the support is.
2) If a stock has repetitively bounced off of a certain price and gone up after each bounce off of that price, then this is a support. I usually qualify 3 bounces (5% or more) but sometimes I'm okay with 2 if the most recent move is accompanied with volume. The more it touches and recovers, the stronger the support is.
3) If a stock repetitively bounces off of a resistance but then breaks that resistance, the resistance becomes a support. The more it bounces before it breaks out, the stronger the support line. <<< IMPORTANT: ANY "MAJOR" RESISTANCE TURNS INTO A STRONG SUPPORT ONCE BROKEN!
4) A trendline that can be drawn to show general price action for a 3 to 6 month period is usually a good indication of support (or resistance).
5) A 52 week low is a strong support level.
These 5 "rules" are not absolutes as you can see by some of the iffy language in my 5 "trends" :D. I am a mid-term trader b/c I do not have a lot of money to tie up in the markets right now so support levels can often come into play for me. If you want an example of some of these supports in action check out the SWIR thread.
http://www.3stocksonfire.org/trading/index.php?topic=3403.0
If anyone wants to comment... go right ahead. Like I said, sometimes I have a hard time articulating exactly what I'm trying to say so some of that might have been questionable and I just don't see it.
Calven... you are on fire tonight... I owe you 6 applauses now. Don't post anything tomorrow or else i won't be able to give you all of them :D. Could you check out the SWIR thread for me and tell me what you think ;D.
The ideas you posted are generally what I dig...
...but, man are we far apart on this stop loss thing. I will set stops wicked tight. My average is -3.5%, but I've set them even tighter.
This goes back to the emotion element and a simple bit of math...
Emotion: I bought this stock because it's supposed to go up...if it goes down then I was wrong. Sitting there taking a 8-10 or 20% loss waiting for it to go back up...I fail to see how that could be based on ANYTHING besides emotion. If you did your analysis and concluded that a stock could go down 20%...why would you buy it? To me, it's all mechanical. If I was wrong the position exits on hitting my stop loss and I put the money into either another idea or a trade that is already profitable.
Math: It's just not my style, I see waiting for a losing trade to turn profitable as a loss even if it does turn to your favor. Why? Because that money could have been in a profitable trade while it was 20% underwater...thats just my opinion, I could be dead wrong, but what calven said about compounding? Think about it. Say you wait for a month for a trade to turn from -20% to where you bought it. In that same time period I have a slow month...only 5 trades for an average 5% gain per trade. At the end of the month, I'm up 27% on you...
The roulette thing makes no sense to my mathematical-oriented mind. Each spin of the roulette wheel is a statistically independent outcome. It doesn't matter if red came up n times in a row, on spin (n+1) the odds for red vs. black are exactly the same...I get the point, I just think it's a bad way to illustrate it.
OK, I don't want it to sound like I'm being negative by questioning the things above without contributing a few thoughts of my own so here goes:
Someone earlier today asked me why my charts have no technical indicators on them...GREAT question!
If I asked you to come into my apartment, open your eyes for 1 second, and then shut them and tell me what you saw, I'd bet that you could name most of the important stuff: a guitar, a couple lamps, the couches, the paintings on the wall. If I were to press you, you could probably even recollect the dimensions of the room, the colors of the items in it, the texture of the carpet, the approximate height of the ceilings etc...all that from a 1 second glimpse.
What if I were to ask you to design a robot that could do the same thing you just did? That is, examine an optical image for 1 second and be able to determine all those things...it would require computing power that does not exist!
The brain is designed to recognize patterns and relationships. It is actually quite poor at logical additions, which is what computers do best.
If you understand what a technical indicator is supposed to indicate, your brain can actually "picture" what ANY NUMBER of technical indicators should look like simply by looking at the price action and volume. So whats the point? Why have your brain take this extra step when you can just make your graphing software draw it?
Have you ever had that hunch? That instinct? Your charts and info tell you to do A, but an inner voice says "no, do B". That hunch is right alot, isn't it? It's not some magical force, that is your subconscious mind processing things that you are not consciously looking for. Your subconscious mind doesn't want to do all that "weird" math and stuff, it wants to look at patterns and relationships. It sees things you aren't looking for, and that is what your hunch actually is.
So here's my humble advice: pick 2 or 3 indicators, no more than that. Learn all about them and how they work (you guys have probably already done this). Now memorize the relationship between price + volume and these indicators. Don't memorize the formulas or anything like that...learn what your brain naturally wants to learn, the patterns and the relationships. As your confidence grows, remove those indicators from your charts. You will see things you never saw before, I guarantee it...you will see techinical indicators that no one has invented yet. Your brain, with proper training, will naturally spot relationships between price and volume and eill not be encumbered by any preconcieved ideas about which indicator means what.
What to most people is just a "hunch" or "gut feeling" that they may question will become to you an advantage which can be exploited to consistently take profits out of the market...
Thats why there are no technical indicators on my charts...as I said before, I could be dead wrong...
Repost from NVAX MB today:
stopthemadness,
I wasn't planning to post my "take" on NVAX tonight because what I think will undoubtedly make a lot of people certainly upset and angry. But I believe some of you (like me) may need to hear this, so here it is.
After weeks of solid blue Institutional/Money Manager activity with almost little or no selling, today there was a day long solid red activity in blocks of 100K - 200K.
I posted in the past that when I see Inst/MMs start selling, that I would sell also.
I am back in "full" swing trade mode, so I held cash several times as NVAX took profit and sold off. Each time I sold NVAX, I quietly "hoped" that NVAX would rally back and rebound back to $4, $5, $6 range. I mean, could all of the Inst/MMs be wrong? Their unwillingness to sell kept my hope going, and I truly believed that the profit taking and selloff were just a temporary price correction. You could see this level of conviction by the number and comprehensiveness of my posts with NVAX here.
I posted in the "swing trade" MB this morning that due to this "emotional and personal" attachment to Novavax, yesterday I chose to buy back NVAX instead of CDE (see comparison intraday chart NVAX vs CDE) and missed out on around $4,000 gain and worse yet, took several thousand dollars of loss with NVAX: (http://www.3stocksonfire.org/trading/index.php?topic=3635.30#bot)
I got approval from my employer yesterday to work part-time so I can trade from market open (6:30 AM PST) to around noon, and today was my first "real" day of daytrading. As I traded frantically to make up the loss of yesterday, I began to realize that I am a stock trader, not an investor of Novavax. This point was made "painfully" as I watched the intraday chart for NVAX and my heart sank as I saw the solid red arrows and bars show up on Lycos I-watch charts.
Although CDE gained intraday, I felt very "uneasy" all day.
Will I buy back NVAX in the future? You bet! If the rebound activity is there, I will do it tomorrow, to swing trade NVAX! But I will do it as a swing trader, not as an investor of Novavax.
Richard,
Funny you mentioned "hunch/gut feeling"...
Yesterday when I was faced with two stocks with similar pattern and pricing, my "gut feeling" said CDE, but my "brain" went with NVAX with "hope" of spiking rebound to $4 - $5.
Had I gone with my hunch/gut feeling, I would be typing a different post right now.
Let's trade! "with our hunch/gut feeling!?" ;)
An article why precious metals rose this week:
http://www.platts.com/Metals/News/6139432.xml?p=Metals/News&S=n
Sold CDE and bought BIOM this morning!!! = BUY ALERT = for swing trading!!!
http://www.google.com/search?oi=stock&q=stocks:BIOM&prev=/search%3Fq%3DBIOM%2B%26hl%3Den%26hs%3DtD8%26lr%3D%26client%3Dfirefox-a%26rls%3Dorg.mozilla:en-US:official
BLP25 Liposome Vaccine phase 2 study interim results indicate no safety concerns with reformulated vaccine
Thursday November 17, 6:00 am ET
EDMONTON, Nov. 17 /PRNewswire-FirstCall/ - Biomira Inc. (Nasdaq: BIOM - News; TSX: BRA - News) today announced the interim results of a phase 2 non-small cell lung cancer (NSCLC) single-arm, multi-centre, open label study of BLP25 Liposome Vaccine (L-BLP25) showing that the new formulation of the vaccine is not different from the previous formulation from a safety perspective. The reformulated vaccine incorporated manufacturing changes intended to secure the future commercial supply of the vaccine.
= update = My 20-40 stock streaming quote is turning green with market recovery, but BIOM is flat. I will cash out for the weekend and start back on Monday.
= update = Dang, what to do, what to do... (see BIOM activity4) ... I bought back at $1.65!
Nice strong finish up at close with volume gaining! ;)
Have a nice weekend!
I will post my analysis after work this evening! ;)
Richard I would generally agree with what you said about the indicators... to me I believe in the theory of "jack of all trades, master of none" What I mean by that is master 2-3 analysis methods, dont try to utalize everything out there...
For me its this order: Trendlines, volume, chart patterns (channels, wedges, triangles etc)
I throw in the occasional MACD but thats about it.
Not sure i fully agree with you on "wicked tight" stop loss orders. Are you from out east??
When trading stocks with large volatility I believe you need more of a cushion than 3.5% especially if the trend is up. This is especially true for the long term investors.....
I applaud your post though and i see exactly where you are coming from. I just have those two ideas I wanted to point out.
Richard have you read this website. http://chart.mine.nu/ Its probably the best technical analysis website i have ever seen!
-cal
Quote from: calven on November 18, 2005, 06:15:49 PM
Not sure i fully agree with you on "wicked tight" stop loss orders. Are you from out east??
I have a friend visiting from Boston this week...everything is wicked this and wicked that, figured I'd try it out...:)
I'm willing to listen to anyone's ideas regarding stop losses and where to set them. 3.5% just seems to work for me. I've noticed that most of the picks around here are $1-$5 stocks, I think it's harder to get away with a tight stop on stocks like that.
Tight stops just seem to really suit my individual trading style. Plus, I have yet to loose more than 3.5% on a trade :)
Repost from NVAX MB:
2ez,
I am sure there are still a lot of Institutional/Money Managers still holding NVAX shares. But I have posted in earlier posts that weeks of accumulation with little or no selling was very "unusual" but I would recommend sell once the Inst/MMs start selling. They started selling all day yesterday and today. (see Lycos I-watch charts below for yesterday and today)
I am a short-term swing trader and cannot afford to wait through the up/down swings. In fact, I must ride the up/down swings to maximize my gains.
Swing trading (and now daytrading) must be pursued aggressively to make the most of your trades in achieving the goal of making positive gains with each swing trade, to end up with more gains overall than holding through the ups and downs. That's why I created a separate swing trade MB thread:
http://www.3stocksonfire.org/trading/index.php?topic=3635.45#bot
Have a nice weekend and good trading!
FYI, after today's activity, I will be checking out VRA on Monday's market open.
Good evening!
Today was a lot better than yesterday's "daytrading from hell" >:D
I spent a lot of time thinking while updating the contents of the "Knowledge Base" and realized that I much prefer the "slower" pace of swing trading. I used to buy a stock and go to work, not worrying about what would happen to the stock. If it gained, then my trade was good, if it didn't, well ... you know.
For this morning, I wanted to see what CDE did (will it continue the last two days of stellar gains or sell off for profit? - well, it chose to take profit early.
When I saw the gains on BIOM, I quickly sold CDE and bought BIOM, took profit and was thinking about buying back NVAX, but BIOM held steady after profit taking ... so I thought BIOM would resume its gain activity and bought back.
For Monday, once again, I would watch for continued gain or delayed profit taking.
Also, VRA had a nice gain today and I will be watching on Monday's market open for my next swing trade stock. If BIOM continues to gain, I may do a 50/50 split and take profit on both.
= dinner time = to be continued with "simple" TA charts for BIOM and VRA
Took a much needed nap after dinner ... I am posting the "simple" TA charts for BIOM and VRA before bedtime.
BIOM looks like maybe it's repeating a definite cycle for a good swing trade. VRA may have a "shorter" window for swing trading this cycle ( perhaps 1 day?):
Repost from 3SOF MB (15th post from top)
http://www.3stocksonfire.org/trading/index.php?topic=3401.msg34056#msg34056
Wow... sometimes we get caught up and don't see the big picture.
First of all, I want to say this. I came to 3SOF as a newbie who was losing money stock trading. What I found at 3SOF was a welcome invitation from members who "openly" shared their trading knowledge and experience. As a newbie, I was not aware about the applaud/smite feature, and I focused on learning (I read for an entire month - sorry I did not applaud the countless informative posts :-\). I will try to make up for the past 4 months! ;)
Secondly, there are supporters of 3SOF (premium and public members) who devote a tremendous amount of time posting valuable stock trading information (which by the way, I use on a daily basis). The entire swing trading and knowledge base MB threads are the "combined result" of what I have learned from 3SOF (David/Frederick and supporters) and countless Yahoo finance/Raging Bull MB threads. These two MB threads are my "thank you" and "passing forward" of the knowledge and wisdom shared by all of you who tirelessly research and post to share the wealth of information so that it can benefit "thousands" of 3SOF members and visitors each day.
You can call 3SOF a "collective" of individual "retail" stock traders (yes, that's what SEC calls us) that come together in a "community forum" to share "real-time" stock trading data on a hourly/daily basis. As I have emailed David and Frederick before, we are in the "infant/beginning" stage of 3SOF evolving and developing into an entity that I believe will be something "unique and amazing" in the months and years to come. I have visited many stock trading message boards and no other MB is as "professional and informative" as 3SOF.
As you can see from countless new members to 3SOF, the word about 3SOF is spreading fast around the stock trading/finance circles. David and Frederick have created (and now supporting this website project full-time. Thanks! :D) a very special "community forum" for us that will now grow "exponentially" and potentially become an "influential" collective of individual "retail" stock traders/investors.
Can you imagine what 3SOF members do to a penny stock or micro- and even small-cap stock with their buying/selling volume? In the past, it was not a factor, but as the membership/viewership increase on a daily basis, this volume influence will be a factor (for some stocks, it probably already is) that cannot be discounted in the near future. Many 3SOF members are now moving 5K, 10K and even 50K+ blocks of shares!!! Combined, these are Institutional/Hedge Fund/Money Manager level of volume!!! Do you believe that various brokerages, fund managers, and stock brokers are maybe tracking and monitoring what is posted at 3SOF? Perhaps. But if they are, then what happens at 3SOF will now "influence" the movement of stock prices based on 3SOF MBs. Instead of 3SOF MBs "following" stock trends, 3SOF MBs may now "trend" the stocks they cover.
The numerous supporters of 3SOF who devote themselves to research and post at 3SOF (you know who you are ;)) are the "core foundation" of 3SOF, and this newbie is very proud to be a contributing member of 3SOF!!! :D
I thank you all, and applaud you all for what you have taught me and what you teach me on a daily basis! I post because stock trading is my "hobby" and I enjoy the "practice" of stock trading. As of yesterday, my part-time stock trading hobby has become a full-time practice for me, with my job going part-time. And I look forward to what 3SOF will become in the future.
BTW, I post regardless of what my rating is. And I will continue to do what I believe and enjoy. I post to benefit those that seek stock trading information. If there are some that don't agree or appreciate the information I am sharing, the countless many that do more than make up for that!
Once again, thank you and post away 3SOF "core" members!!!
- John
This MB thread is the "application" mirror of the swing trading "knowledge base" in the 3SOF Knowledge Center. You can browse the stock trading basics here:
http://www.3stocksonfire.org/trading/index.php?topic=3633.0
I wouldnt doubt it if we have already had professional traders or money managers take a look through the site... Too much success for it not to happen at some point. This website and the 3SOF staff routinely outperform most of the 1 year gains by professional money managers in only 2-3 months!
Furthermore there are over 4k members here already. If each member had say 10k on average to invest with that would already be 40 million dollars if im not mistaken. Now add in all the people that these 4k members may affect with stock tips and the like. We are talking 100 million dollars ! This website is starting to become a force. Just one stock heavily endorsed by "senior" members - eliteg, 3SOF staff, aussie. stocky, and whoever else im missing could be supported by this community and driven by 3sof members alone. Just something to think about...
Applaud your post ^ above
>:D
Hey folks - just wrote an article on a particular trading pattern called the Wolfwave. I think you all will find it helpful and very usable. I would encourage you to read more about the WW pattern in the other section of 3stocks message board system under "Technical Analysis" or you can use this link: http://www.3stocksonfire.org/trading/index.php?topic=3732.msg34117#msg34117
Cal >:D
Drove 12 hours this weekend with family to visit parents for thanksgiving and didn't get to do any posting. :(
I sold BIOM this morning and bought VRA. Nice volume activity!
Dang, I miss my "High Speed" Internet!!!
I struggled with "sometimes on, sometimes off" internet connection of my parents today ... :(
Anyway, VRA wasn't showing signs of life, so I sold and bought SVA and later HOM at the day's low near the close.
Nice gain day for TIII (One of David's Fast 3SOF picks!) - I thought about getting back into TIII for rebound ... but that's stock trading life - you win some, you lose some. ;)
Well, I gotta approach each trading day as a "brand new" trading day, so I will watch the market open action for SVA and HOM, and take it from there.
I will be doing some review of my 20-40 stocks, 3SOF MB stocks, 3SOF and Fast 3SOF picks tonight.
Ongoing "thanks" to all the supporters of 3SOF posting valuable information!!! :D
Repost from 3SOF NVAX MB:
stopthemadness,
actually, NVAX looks ready for another gain cycle and I may be buying NVAX tomorrow if there is sign of another rebound (the swing trader in me ;)). I watched NVAX all day today and it held above previous close despite some selling pressure.
Time will tell tomorrow, but with bullish market trends returning there are a lot of good stocks in rebound or gaining pattern (just look at HANS today!) and as a swing trader, I must participate in these "swings."
Here's Lycos I-watch activity for today and week. Looking good, and I will follow the Institutional/Money Manager's lead and look to buy back in tomorrow for another swing trade with NVAX. ;)
I normally don't swing trade with penny stocks, but at $0.0183/share (10K share = $183 ! :D) I may take a look at GZFX.OB tomorrow also especially with 456,896,461 (can this be true? Yes it is!) shares traded and $0.0042 (29.79%) gain.
At this price, I certainly can afford to "speculate" the heck out of this stock. ;)
= BUT BE CAREFUL WITH ANY PENNY STOCK "SPECULATION"!!! =
= I RECOMMEND THAT YOU ONLY "SPECULATE" ON THIS STOCK WITH MONEY THAT YOU DON'T MIND NEVER SEEING AGAIN!!! ;) =
I can afford to "speculate" around 50K - 100K shares ($915 - $1,830).
Thanks pensandoenti67 for the post from Yahoo MB.
"11/21/05 11:48 pm
Msg: 78085 of 78092
The GZFX Word Is Out!
I think the word is out about GZFX and it only gets bigger from this point on this was a great post from a member called BT from another board...
Listen guys & girls. I've been trading based on technicals for a long time now and very successful at it. It doesn't just take Team work (I'll get to that later) but it also involves reading the charts. GZFX is borderline from multiple 30-60% price increases.
The things you need to look at when buying stock is: Volume, uptrend(I never buy into a falling knife!), money flow, and Strength!
I'm sorry but I can't find a bearish sign in GZFX yet and there are other factors that keep confirming a bullish move ahead. Such as the Golden Cross (When the 50dma moves past the 200dma). That hasn't even touched yet. I also learned that if that Golden Cross is crossed almost level, the stock will be weak, but when it crosses practically vertical to one another, the stock is STRONG..that's what GZFX is showing signs of!
Now, people will come in and out of this stock all day long but rest assure there were a lot of pissed investors when they saw this stock wasn't dropping enough below where they sold it. This is where Team work comes in. I noticed when there was no volume, the bid/ask wasn't changing. Suddenly they raised the bid/ask and orders were going through. That to me signified that sellers were dried up, nobody was selling.
When nobody sells, the Market Makers WILL raise the bid/ask. In OTC there does NOT have to be a seller for the buyer. The MMs have accumulated shares from all the sells over these months and what they're doing is distributing them now. So as they're raising the bid/ask, they are filling BUY orders.. They will continue to raise the ask to sell their own shares at a higher price. It makes sense and thats how they make money. A lot of it.
I was playing around today on paper and was saying at 1pm, I'm selling now at .0168. Volume stopped, bid stopped, price continued up... Luckily it was for play only and that confirmed I will not touch my shares yet. It is not done."
I don't mean to spam folks but since this section is about learning new trading concepts I thought I would offer you all a link to a website I helped create: http://www.craftytrader.com
The website is completely free other than google ads which basically cover hosting costs.... I stand to make nothing out of it except having the satisfaction of helping you out.
Enjoy, its a work in progress.... ;)
Here's more info on GZFX.OB for you to form your "own" opinion.
http://biz.yahoo.com/iw/051114/0101174.html
GameZnFlix Now Offers Over 40,000 DVD & Game Titles to Its Members
Monday November 14, 1:16 pm ET
FRANKLIN, KY--(MARKET WIRE)--Nov 14, 2005 -- GameZnFlix, Inc. (OTC BB:GZFX.OB - News), an online provider of video game and DVDs for rent or purchase, announced today that it now has the capability to rent over 40,000 titles to its members.
ADVERTISEMENT
"Through our relationships with vendors like Video Products Distributors, Inc., we have been able to secure the ability to have an even larger base of titles, and make them available to our members," said Donald "Chip" Gallent, president.
Tom Kielty, Senior Vice President of Sales and Purchasing for Video Products Distributors, Inc., adds, "We are extremely pleased to be associated with GameZnFlix. Their commitment to providing online subscribers with a wide spectrum of entertainment for the whole family is a exciting endeavor that we are thrilled to be a part of."
Video Products Distributors, Inc., based in Folsom, California, is one of the nation's leading wholesale distributors of pre-recorded DVDs and related products. Video Products Distributors, Inc. has been working with GameZnFlix since July 2005 by supplying both DVDs and games to the company.
GameZnFlix is a company that offers video games/DVDs for rental or purchase on the Internet with access to over 40,000 titles. With four different membership levels beginning at $8.99 a month to annual membership with an average price of $20.75 per month, subscribers can rent a combination of both video games and/or DVD movies with no late fees or due dates or members can purchase video games and/or DVD movie titles at a membership discount.
Quote from: calven on November 22, 2005, 12:06:59 AM
I don't mean to spam folks but since this section is about learning new trading concepts I thought I would offer you all a link to a website I helped create: http://www.craftytrader.com
The website is completely free other than google ads which basically cover hosting costs.... I stand to make nothing out of it except having the satisfaction of helping you out.
Enjoy, its a work in progress.... ;)
Thanks Calven. I will read that site.
Hey LL,
I saw the GFLX post on NVAX board, but didnt take it too seriously. But since you are having a look, maybe I will gamble away a few hundred on it, I have certainly gambled MUCH more on NVAX lol. Here is what I turned up:
There is already substantial competition in this area, NFLX is beating the competition. On of those competitors is the stock that David thought might rebound recently, MOVI.
http://finance.yahoo.com/q/bc?t=5y&s=NFLX&l=on&z=m&q=l&c=movi
Now here is an internet ranking comparison between GFLX and NFLX:
http://www.alexa.com/data/details/traffic_details?&range=6y&size=medium&compare_sites=netflix.com&y=t&url=www.gameznflix.com#top
Note its a logarithmic scale, and netflix is trouncing gameznflix.com in rank. But lets say all things are equal, then traffic reach is the important thing. GZFX reaches 50 out of 1 million people per day, per the above link, and netflix reaches 2150 per day out of 1 million per the following link
http://www.alexa.com/data/details/traffic_details?url=netflix.com
Alexa.com is the closest thing you can get to arbitron ratings on the net, though they dont count netscape traffic or aol traffic....
Now NFLX with a market cap of 1.56 billion and GZFX with a market cap of 16.93 million means that NFLX is valued at 95 times GZFX, even though they only have 43 times their traffic.
OK, none of this means much in terms of earnings, but its the best I could come up with since its hard to really know much about a penny stock. Netflix probably gets much higher conversion rates for sales due to their brand recognition so the stock could be close to fairly valued now. however, as a new upstart competitor, it can probably grow faster.
I dont know if this is real, got it of the NFLX board (about GZFX):
"The Company reported gross revenues of $130,607 and $536,362 for the three and nine months ended September 30, 2005, respectively. During the three and nine months ended September 30, 2005, our subscriber base averaged approximately 3,000 subscribers per month. We continue to focus on growing our subscriber base through marketing and affiliate partnership programs whereby a referral fee is paid for each new subscriber signed. Since our DVD and video games rental activities have a limited history, we are unable to provide any meaningful churn figures. Churn is a monthly measure defined as customer cancellations in the quarter derived by the sum of beginning subscribers and gross subscriber additions, then divided by three months. Customer cancellations in the quarter include cancellations from gross subscriber additions, which is included in the gross subscriber additions in the denominator. Once we have more operational activity history, management will use churn as a measure to evaluate whether we are obtaining new subscribers while retaining our existing subscribers in accordance to our business plans. "
tokyopua,
That's why I put the disclaimer on GZFX.OB that it should only be a very "speculative" trade with money you don't mind never seeing again.
At 10,000 shares being $183, I will buy about $1,000 worth tomorrow and "forget" about the stock. If I lose all of $1,000, I won't lose any sleep over it.
If the company does well to continue competing with Netflix and stock does go up in price, then great! If not, I will more than make up the loss with my "regular" swing trades.
In addition to 3SOF, David also maintains 3 Penny SOF to "speculate" on stocks that have potential for significant growth.
This swing trading Scottrade portfolio is my "hobby account" (I have separate 401K and Roth IRA accounts with much "conservative stocks/mutual funds") and I am having fun while I continue learning the process of stock trading. Heck, I haven't even learned to short or option trade yet!
I picked up 20K shares at .019, and just like you I think I am just going to let them ride.
From what I saw, NFLX traffic is basically flat, but www.gameznflix.com was growing at 32% per 3 month period. Who knows, maybe this thing will hit a dollar one day and we will be all smiles that look like this when we see that :o ;D And if it doesnt, it was like buying a small call option, sort of all or nothing. So far I made $40 after comissions in 30 minutes, it does seem to be on an uptick...
Like Cramer says, you need some speculation to keep you interested in your money.
I found a nice MB thread started since October in "3SOF Penny Stock Picking"
Here's the link for more information and analysis:
http://www.3stocksonfire.org/trading/index.php?topic=2047.msg34458#msg34458
Repost from Pennies MB by setravis:
http://www.3stocksonfire.org/trading/index.php?topic=2047.msg34458#msg34458
There seems to be a lot of intrest in this equity.
I have been accumulating GZFX for the past 3 weeks. It looks great technically and the business model is excellent. All they need to do is to execute the plan well and this will be a winner.
Lots of room to move up with the association with Circuit City. With the Holiday buying season upon us this company is going to run long and hard. IMHO
This thing is gonna go huge. Have you seen the circuit city website? Nov.20 the circuit city holiday flyers get mailed out (100,000,000 or so) and this company will be on it! If you're not in, where have you been?
Technicals
Record Price High
Most Actives
Record Price Break Out
Stochastic - Bullish
Percentage Gainer
The Golden Cross is about to take place. The 50 dma crossing over the 200 dma
WOW!!! setravis you just let the cat out of the bag!!!! ;D
I found the Nov 20 Circuit City weekly flyer and THERE IT IS on page 5!!!
And it's in the SAME ISSUE AS THE RELEASE OF THE NEW XBOX 360!!! This is "DIVINE" intervention for GameznFlix!!! WOW!!!
Here is what you see when you click the Circuit City/GameznFlix link:
(http://www.circuitcity.com/ccd/genericContent.do?BV_EngineID=cccfaddgfjihlmjcfngcfkmdffhdfgo.0&oid=137784&BV_SessionID=%40%40%40%402005589368.1132680659%40%40%40%40&BV_UseBVCookie=yes&WT.mc_n=132976&WT.mc_t=U&cm_ven=INTERNAL&cm_cat=MERCHANDISING&cm_pla=LANDINGPAGE-%3ENA&cm_ite=56846%20GAMEZNFLIX_VURL&cm_keycode=132976)
And this is GameZnFlix homepage:
http://www.gameznflix.com/
Over 364 Million (Yes, 364,357,394) shares traded and going STRONG!!! WOW!!!
Tokyopua, here's a comparison between GZFX and NFLX.
Repost from "Pennies" MB:
setravis,
I've been wondering, if GameZnFlix is now Circuit City partner (see picture below), does that mean that GamesZnFlix link will appear on "EVERY" Circuit City weekly flyer and website???!!!
This is HUGE!!!
Yes, GameZnFlix has permanent link on Circuit City "Home > Services" page!
http://www.circuitcity.com/rpsm/oid/117127/rpem/ccd/genericContent.do
GameZnFlix doing the "right thing" with the console gamers!
http://www.marketwire.com/mw/release_html_b1?release_id=98294
GameZnFlix to Offer Xbox360 Titles on Day One of Release to the Video Game Market
FRANKLIN, KY -- (MARKET WIRE) -- 10/18/2005 -- GameZnFlix, Inc. (OTC BB: GZFX), an online provider of video games and DVDs for rent or purchase, announced today that its primary distributors will have rental inventory of Xbox360 titles to GameZnFlix for delivery to its members beginning on Tuesday November 15th.
"Our gamers are ready for this hot new platform," said Donald "Chip" Gallent, president of GameZnFlix, Inc. "You can login to GameZnFlix.com right now and begin placing Xbox360 games in your queue - as soon as they're released to us we will ship them out."
The Xbox360 console will be on store shelves beginning Tuesday, November 22nd. GameZnFlix is making the titles available in anticipation of the release so that their members can have the games in hand ready to play when they receive the new console.
GZFX tracked on German(?) stock trading site! (I used Google "translate" feature, and content may contain grammatical errors)
http://translate.google.com/translate?hl=en&sl=de&u=http://www.finanznachrichten.de/nachrichten-aktien/gameznflix.asp&prev=/search%3Fq%3Dgameznflix%26hl%3Den%26hs%3Dflc%26lr%3D%26client%3Dfirefox-a%26rls%3Dorg.mozilla:en-US:official
Here's their coverage on "Podcast":
FRANKLIN, Ky., June 21/PRNewswire FirstCall/-- GameZnFlix ( message ), Inc.. (BULLETIN BOARD: GZFX), to on-line provider OF DVDs and video games for rent or purchase, today announced that it has become the exclusive sponsor OF "DVD Weekly" -- A weekly podcast program covering hot DVD release and news.
"DVD Weekly's popularity is surging -- the show is fantastic and they provide excellent content and commentary about DVDs," said chip Gallent, President OF GameZnFlix, Inc.. "DVD Weekly has produced less than A dozen shows and is already topping more over 1.000 downloads by show."
Podcasting of enables independent producer ton create self published, syndicated "radio" shows in A way that users CAN subscribe ton of audio feed and receive new audio files automatically tons their computers or portable audio more player. Users CAN thus directly down load and would list tons of thesis shows from their websites. DVD Weekly is available RK http://www.dvdweeklypodcast.com/.
"We're growing nearly and GameZnFlix is A great partners for our show because they offer tons our listeners what we're talking about -- DVDs and the the news surrounding the best releases," says Don Schockow, great CO host OF DVD Weekly. "incoming goods of acres so excited ton have them on board and look forward ton the synergies incoming goods CAN more offer one more another."
I know you guys are busy with GZFX. However, I just wanted to mention that for those who are interested in my WW tutorial/thread the COMPX has just completed step 6 of the WW formation.
http://www.3stocksonfire.org/trading/index.php?topic=3732.msg34518#msg34518
Cal >:D
This is off Netflix support site, and if the second comment in bold is a representation of users sentiment, then GameZnFlix has a great shot at increasing market share of this ever increasing market!
http://www.hackingnetflix.com/2005/10/gameznflix_offe.html
GameZnFlix Offers Xbox360 Games
GameZnFlix announced that they will be renting Xbox360 games in time for the November 22nd release.
"Our gamers are ready for this hot new platform," said Donald "Chip" Gallent, president of GameZnFlix, Inc. "You can login to GameZnFlix.com right now and begin placing Xbox360 games in your queue - as soon as they're released to us we will ship them out."
Netflix does not rent games, but Blockbuster's monthly coupons can be used to rent games in stores.
October 19, 2005
Just for the record, Gameznflix is taking HUGE strides and I guarantee it puts netflix out of business in the next year or two. Gameznflix will be offering music and book rentals as well soon. This site is cheaper and more efficient.
Posted by: Michael | November 05, 2005 at 11:09 PM
GameZnFlix supporting US military personnel by offering discounts! (Blue oval)
Military.com is a Monster.com company (red oval):
http://benefits.military.com/misc/DC/DealCategories.jsp?cat_id=304
Repost from marketmillionaires MB, thanks forabuck for the post!
http://www.marketmillionaires.com/showthread.php?t=255&page=24&pp=15
"... CC [Circuit City] needs to compete with Best Buy, therefore it needs to have a competitors stance on every product out there. So if BB has netflix, CC will have GZFX.
And when this happens, it will be a life changing experience for all the people that held the stock instead of cashing in on quick profits.
There is so much going on with this company and there is nothing remotely negative. The charts looks good, its marketing looks good, its getting pub from xbox, cc you name it and everything is on the upside...."
Here is an exerpt from their 8-k filing regarding the Circuit City partnership:
http://www.sec.gov/Archives/edgar/data/1099234/000109432805000215/games8k100505.txt
"On October 4, 2005, the Company entered into a Services
Agreement with Circuit City Stores, Inc. (see Exhibit 10). Under the
terms of this agreement, the parties will run a pilot program, to
commence on November 1, 2005 and ending on January 15, 2006, in 17
retail stores and on the Circuit City website to promote the service
offered by the Company. If the pilot program is deemed a success by
both parties, the parties will expand the pilot program to the
remaining approximate 600 retail locations of Circuit City in the
United States by adding 55 Circuit City stores per month. Under the
terms of this agreement, the parties will share in the revenue from
the sale of Company memberships through Circuit City."
Full filings link here:
http://yahoo.brand.edgar-online.com/default.aspx?cik=1099234
Another 500+ million share day!!!
Repost from Yahoo MB - Thanks bigomaha21 for the post!
just waited in line outside of cc for 1 of 30 xbox 360s, they only sold it as a bundle with gameznflix service. Also the news was there covering it also talked about gameznflix...so thats one store sold 30 X Box 360s/Gameznflix so far today.....
Great update also coming off the GZFX board is they have contacted CC web team and they have confirmed that the new spot under services were the GZFX banner is, will not be taking down. WOW!
http://www.circuitcity.com/rpsm/oid/117127/rpem/ccd/genericContent.do
Also members on the other boards have been calling the CC stores demanding GZFX!!
And pictures to come soon of GZFX flyers being handed out on the streets. Great work guys!
What a way to work
Isn't there a seperate forum for penny stocks??
Yes Richard,
But this is "swing trading" MB and I also posted info at the "Penny" 3SOF MB here:
http://www.3stocksonfire.org/trading/index.php?topic=2047.new#new
Quote from: LiveLife on November 22, 2005, 09:35:55 PM
Yes Richard,
But this is "swing trading" MB
LOL are you kidding? Your'e posting pictures of Circuit City flyers...
XBOX frenzy has already started, and will only fuel demand for GameZnFlix service!
http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh34962_2005-11-22_23-25-25_n22411425_newsml
UPDATE 1-New Xbox in short supply, gamers want premium unit
Tue Nov 22, 2005 06:25 PM ET
(Updates eBay sales and average price)
By Lisa Baertlein and Nicole Maestri
LOS ANGELES/NEW YORK, Nov 22 (Reuters) - Graduate student Christopher Thompson set out early on Tuesday morning with the goal of taking home a new Microsoft Xbox 360 video game console and was one of the lucky ones to succeed.
Thompson, 27, was sixth in line when he showed up at 4 a.m. at a Costco in Santa Clarita, California, north of Los Angeles. A winning raffle ticket let him snatch up one of 48 Xbox 360s in the store.
"I feel great that I have it, but I feel bad that people who were there before me didn't get one," he said.
The sleek white machine from Microsoft (MSFT.O: Quote, Profile, Research) is the first of a new generation of gaming consoles that offer more power, nearly movie-quality graphics, and connect gamers over the Web and to their computers and music players.
Retailers, who would not reveal how many units they received for the North American debut of the Xbox 360, reported widespread sell-outs on the system, which is the first from a major console maker in four years.
By the early afternoon in California 2,300 machines had traded on auction Web site eBay (EBAY.O: Quote, Profile, Research) for an average of price $660. The new Xbox sells for $400, with a 'core unit' derided by some hard-core gamers because it lacks a hard drive to let it play older games, going for $300.
With millions of XBOX 360 that will be sold, demand for GameZnFlix will only climb!
http://biz.yahoo.com/ap/051122/precious_xboxes.html?.v=5
Internet retailer Amazon.com Inc. and the Web sites for Circuit City Stores Inc., Best Buy Co. and Wal-Mart Stores Inc. all listed the consoles as being sold out Tuesday. Best Buy spokesman Jay Musolf said the company also sold out...
Microsoft has said it plans to sell 3 million of the new Xbox 360 consoles worldwide within 90 days of its launch.
The Redmond company has said it is producing Xboxes as fast as it can, and that there aren't any production problems. Some retailers have said they expect to be able to restock their shelves weekly between now and the holidays, although most won't divulge how many consoles they will get each week for competitive reasons.
http://biz.yahoo.com/iw/051123/0102130.html
GameZnFlix Began Shipping Xbox360 Titles on November 15th
Wednesday November 23, 9:00 am ET
FRANKLIN, KY--(MARKET WIRE)--Nov 23, 2005 -- GameZnFlix, Inc. (OTC BB:GZFX.OB - News), an online provider of video games and DVDs for rent or purchase, announced today that it began shipping Xbox360 games as scheduled on November 15, 2005.
ADVERTISEMENT
"Our members began receiving the new games as early as Wednesday. We are continuing to add new titles each day as 18 titles are released during November," said John Fleming, Chairman/CEO of GameZnFlix, Inc. "We are watching the demand each morning and are updating our ordering systems to keep ahead. Our suppliers are working closely with us in this process."
The Xbox360 console is now on store shelves as of midnight. GameZnFlix began making the titles available in anticipation of the release so that their members can have the games in hand ready to play when they receive the new console.
I am not sure how long GEPT can hold on to the gains, but the article says "Installation expected to support other airport sales"
http://biz.yahoo.com/bw/051123/20051123005240.html?.v=1
Global ePoint Wins First Airport Order for Digital Surveillance System
Wednesday November 23, 10:30 am ET
Installation Expected to Support Other Airport Sales
CITY OF INDUSTRY, Calif.--(BUSINESS WIRE)--Nov. 23, 2005--Global ePoint, Inc. (Nasdaq: GEPT - News), a leading manufacturer of security technologies for the aviation, law enforcement, and commercial / industrial markets, today announced that its digital surveillance system has been chosen by the Laughlin/Bullhead City International Airport, which serves a tri-state area centered on southern Nevada. The order will be Global ePoint's first-ever airport installation.
Quote from: Richard on November 22, 2005, 10:56:41 PM
Quote from: LiveLife on November 22, 2005, 09:35:55 PM
Yes Richard,
But this is "swing trading" MB
LOL are you kidding? Your'e posting pictures of Circuit City flyers...
LL is just being informative. It takes dedication and committment to post as often as he does. I do appreciate his information sharing generosity.
Thanks rurouni!
What a strong finish for GEPT with $0.98 gain!
Now to the crazy and exciting realm of "fractional daytrading!"
With more than "doubling" gain of GZFX.OB the last two days, profit taking was more than anticipated. GZFX dipped to $0.0170, but rebounded to $0.0185.
Yes, call me nuts, but I bought 1 million shares of GZFX at $0.0175 - $0.0177 to do "fractional daytrading" where 1/10th of penny = $1,000. Yes, this is one "heck" of a way to day trade, but $0.0015 gain = $1,500 on 1 million shares.
=I DO NOT recommend fractional daytrading to anyone! It is very volatile and you MUST have very STABLE and FAST internet connection!!! =
If you speculated with GZFX (with money you don't mind never seeing it again), I would hold for long term gains (I would say for now $0.03 - $0.10 as the near future sell target).
I pasted GameZnFlix and Circuit City intraday charts to compare with Netflix, Blockbusters and Best Buy.
As GZFX rebounded in the afternoon, NFLX, BBI and BBY seem to have dipped. Who knows if this means anything, but I must be "nuts" to buy 1 million shares of GZFX, right? ;)
Have a nice Thanksgiving everyone!
I believe today's $0.98 gain for GEPT was solely due to the airport order news. I am not certain if the gains will continue or if GEPT is even "trendable" at this time. Time will tell on next market open. ;)
Here's GZFX.
XBOX 360 and console gaming will continue to be "BIG" this holiday/Christmas season. GameZnFlix being partnered with Circuit City and being included in every Circuit City weekly flyer under DVD/Game pages and on CC website will only increase the membership and exposure to GZFX. My son is a "die hard" first person shooter gamer (America's Army, Quake, Call of Duty, Doom, Unreal Tournament, etc.) and services like GameZnFlix allows gamers to "try out" $50 - $60 games before deciding to buy them. And of course, like DVD, each week, there are new game titles being released to consumers, and there lies the "continued viability" of services like GameZnFlix. IMHO
Here's today's news link about Circuit City:
http://biz.yahoo.com/prnews/051123/dcw012.html?.v=31
Holiday Shopping Season Kicks Off the Day After Thanksgiving
Wednesday November 23, 9:23 am ET
Circuit City Invites News Media to Visit Stores
MEDIA ADVISORY
RICHMOND, Va., Nov. 23 /PRNewswire/ -- The day after Thanksgiving marks the traditional start of the holiday shopping season, when crowds of customers often line up at stores before dawn, eager to find the best deals.
ADVERTISEMENT
Home electronics are high on holiday gift lists for many Americans, and Circuit City stores are inviting news organizations to visit any of more than 600 locations nationwide early on the morning of November 25, 2005. Doors open at 5:00 a.m. local time.
About Circuit City Stores, Inc.
Circuit City Stores, Inc. (NYSE: CC - News) is a leading specialty retailer of consumer electronics. The domestic segment operates through 625 Superstores and five mall-based stores in 157 U.S. markets. The international segment operates through more than 930 retail stores and dealer outlets in Canada. Circuit City also operates Web sites at http://www.circuitcity.com and http://www.thesourcecc.ca.
Thanks hhhhh430us!
http://biz.yahoo.com/iw/051123/0102196.html
GameZnFlix Acquires Game Inventory of Gamechoice.com
Wednesday November 23, 11:42 am ET
FRANKLIN, KY--(MARKET WIRE)--Nov 23, 2005 -- GameZnFlix, Inc. (OTC BB:GZFX.OB - News), an online provider of DVDs and video games for rent or purchase, and Gamechoice, LLC, an online provider of video games for rent, today announced that GameZnFlix, Inc. has acquired the inventory of Gamechoice, LLC (approximately 2,750 copies) for an undisclosed sum.
ADVERTISEMENT
As part of the agreement, Gamechoice.com members will be offered the opportunity to become GameZnFlix subscribers.
"This is a great acquisition for GameZnFlix in that we are acquiring thousands of great video game titles to further expand our rental inventory and having the opportunity to gain new members," said Donald "Chip" Gallent, President of GameZnFlix.
"We recently had some unfortunate technical problems with our system and this interrupted service to our members," said Matthew Shafeek, CEO of Gamechoice. "GameZnFlix gave us an opportunity to quickly reestablish service to our customers by not only offering them the same access to games, but adding DVDs as well. Under the agreement, our members will be given a free month of service when they signup at www.gameznflix.com."
Repost from Yahoo MB:
Some homework on gzfx, cc
by: zen_reflection (26/M/Omaha, Ne)
Long-Term Sentiment: Strong Buy 11/23/05 09:44 am
Msg: 73469 of 73573
Do your own investment homework. My thoughts are my own; I provide them to clarify the pro/con position of CC and GZFX for myself alone. I share them to give a point of further research for someone else. Good luck.
I still state that CC will continue to be around $20-25 this holiday season with a january effect drop back down to the high teens until mid summer. What I'm underestimating are the strength of DVD sales and the appearance of xbox360 marketing. If Sony does the same thing with their marketing in spring 2006 and CC continues to capitalize on both Sony and Microsoft's gain in DVD rentals and sales, then we could see CC in the twenties for most of 2006 with a target of $28. It'd take something incredible to push them to $30.
My previous position of a GZFX target of 0.05 by the end of the year is looking to happen. I still believe that pending an agreement by CC for a longer term deal that GZFX could reach 0.50 and if the business plan pitched at the investor's conference is well executed,then a target price that pushes upwards of $5-$10 even without a possible reverse stock split. It all depends on how Q4 2005 looks.
A death knell for GZFX would be losing the deal with CC.
Privately, I wonder if GZFX has the markings of a 5-10 dollar stock. NFLX continues to hover at $29 with a market cap of 1.59B. GZFX shows an existing market cap of 18.87M.
Signs of a stronger position for GZFX would be the release of more information regarding the success of their xbox360 offering, as we will see a repeat of this with Sony and Nintendo in 2006.
http://biz.yahoo.com/iw/051123/0102130.html
Signs of weakness would be
1. public disclosures of inability to meet shipments. There have been no disclosures.
2. signs of a bad relationship with CC. None seen.
3. Technicals that don't add up. A 5% overhead on the last investment go around is something to keep an eye on, but it isn't unreasonable.
4. Fundamentals that change. Deviation from the stated business plan would be something else to keep an eye on.
There'll likely be a sell off at 0.03, witha drop back to 0.02 once or twice, and then there'll be momentum to push 3 to 4 after thanksgiving to pre-christmas.
Repost from Raging Bull MB:
Posted by: Brytex
In reply to: Brytex who wrote msg# 37626
Date:11/23/2005 4:09:23 PM
Post #of 42213
Here's the new Thanksgiving CC insert...
Gameznflix is featured on two pages this time.
Posted by: Brytex
In reply to: Brytex who wrote msg# 41924
Date:11/23/2005 10:59:30 PM
Post #of 42252
CLARIFICATION AND APOLOGY!!!
The circular pictured below is not for Thanksgiving day, as I had previously posted.
Instead it looks to be the one for this weekend's newspaper.
My humblest apologies to the entire board for this error.
FF4, though I erred, thanks for giving me the benefit of the doubt.
Brytex
Repost from Raging Bull MB:
Here's GameZnFlix management lineup. October 25th Conference call link here:
By: chicagostock 23 Nov 2005, 10:11 PM EST
http://viavid.net/vvdce/U76650/E00002A28.asx
Thanks bb72mo for the link from Raging Bull MB:
23 Nov 2005, 10:41 PM EST
http://www.marketwatch.com/tools/industry/focus.asp?siteid=mktw&bcind_ind=ncy&bcind_period=3mo
Thanks bb72mo for the link from Raging Bull MB:
23 Nov 2005, 10:57 PM EST
http://kiplinger.stockgroup.com/sn_newsreleases.asp?symbol=GZFX&newsid=5501430
www.MarketGainer.com: Market Gainer Releases Profile for GameZnFlix Incorporated
Nov 23, 2005 (M2 PRESSWIRE via COMTEX) --
MarketGainer.com strives to find dynamic issues that are unknown but because of their technology, approach, executive team, recent discoveries or other key factors, could advance in the market. MarketGainer.com has identified the following company based on these issues.
GameZnFlix Incorporated (OTCBB:GZFX) is a company that offers video games/DVDs for rental or purchase on the Internet with access to over 30,000 titles. With four different membership levels, subscribers can rent a combination of both video games and/or DVD movies with no late fees or due dates, or members can purchase video games and/or DVD movie titles at a membership discount.
Company Shares of GameZnFlix Incorporated slithered up 4 percent in trading today from the previous close $0.0204. Rising up $0.0008, the current value sits firmly at $0.0212. Today the company boasts high volume with over 64 million shares changing hands. This company shows strong past trades with a steady progression in the 5 day chart. Recent buzz in trading is triggered by the company's announcement of preparation for a busy retail season.
Thanks chicagostock for the link from Raging Bull MB:
23 Nov 2005, 11:39 PM EST
"Ever get tired of spending countless hours searching for something on the Web?
I did. That's why I created this Quick and Easy comparison guide of Video Game Rental Clubs"
http://www.video-game-rental-easy-comparison.com/?source=GO020911
Thanks jackdogva for the post from Raging Bull MB:
24 Nov 2005, 12:31 AM EST
Msg. 162552 of 162631
Jump to msg. #
Just at thought....
I live in the hometown of Circuit City and closely follow their moves...always just ahead of, or more often in response to Best Buy....one doesn't do something without the other duplicating it. Best Buy has Netflix as a "partner site" on their web site and in stores. Circuit City has countered with a "trial" of Gameznflix....it is obvious that they are going to partner with someone.....why would anyone think that they will bag Gameznflix and then give another company a "trial"?....this would be VERY confusing to their customers and they don't want to create confusion.
So,
1. They are going to partner with an online movie (and game!) company to match and actually one-up Best Buy.
2. They have begun "trial" with GZFX
3. Continuity would be in their best interest.
4. Odds are outstanding then that partner will be GZFX.
This is the reason, I believe, for the unusual giddiness of the shareholders here. NOT FUNDAMENTALS IN PRESENT TIME....SPECULATION...as with all stocks. Many believe, and understandably so, that GZFX will be rolled out into all CC stores in 2006. If this is the case, yes even you bashers or self proclaimed "realists", where do you see the pps in FEB, APRIL, JULY of 2006?
Buy on rumor, sell on news, right? Won't then the pps continue to grow as we get closer to Jan 15 decision as "speculation" continues to grow that GZFX will be in all CC Stores. And if "it" then happens, won't earnings skyrocket year over year further growing pps?
So .10, .20, .30 sounds reasonable to some....why not?
ALL IMO...welcome responses.
Thanks ragingbull1955 for the post from Raging Bull MB:
24 Nov 2005, 12:43 AM EST
Msg. 162554 of 162631
(This msg. is a reply to 162552 by jackdogva.)
Jump to msg. #
You are on the money.
But the drop dead date is december 15th.
CC has 30 days prior to Jan 15th to back out per the contract with gzfx.
John fleming mentioned that cc wants the roll out early so this stock will increase the pps many many times over what people here think that it will go to.
Thanks robcabe71 for the post from Raging Bull MB:
24 Nov 2005, 12:49 AM EST
Msg. 162556 of 162631
Jump to msg. #
Shortsgotacover, remember, Gameznflix is a start-up, they've learned to walk, now there taking the fast-track to learning how to run. Buy now, come back in 3 months, and be pleasantly amazed.
By: robcabe71
24 Nov 2005, 12:51 AM EST
Msg. 162559 of 162631
Jump to msg. #
Food for thought is...
As per conversation(s) between GZFX CEO John Fleming and wallst.net, he stated that GZFX would be profitable at 15,000 subs, and as of that conversation they were in his words 'over halfway there'.
Well, John Fleming was stating that they were in talks of aquiring a company that already has 25,000 subs.
If today's news is of that company with 25,000 subs, i would only assume that the majority of those subs would continue service under GZFX.
So...
7,500 plus (GZFX subs) + 12,500 plus (at least half of GameChoice subs) = (being very conservative) 20,000 subs which means we are ALREADY PROFITABLE!
Oh yeah, and not to mention the new subs we've picked up by the CC partnership.
Two words... *Chah CHIIINNNNGGGG*
How many 'start-ups' do you know of in the otc.bb that are profitable? Food for thought.
Thanks firefight4 for the post from Raging Bull MB:
24 Nov 2005, 01:12 AM EST
Msg. 162587 of 162631
Jump to msg. #
oh shorty! MUST READ imo. Gameznflix vs Netflix and Gamefly......we all know that Netflix offers only movies. Gamefly offers only video games. Gameznflix offers the convenience of renting movies and games all under one roof. ....lets see, subscribe to Gamefly and Netflix which will cost you
14.95 for Gamefly to rent one game at a time(9.95 for the first month)
9.99 for Netflix to rent 1 movie at a time
for a total of 24.95 a month meanwhile.....
Gameznflix costs 16.99 a month to rent 3 movie/games at a time. So you are getting one more movie/game at a time for almost 8 dollars a month less than having seperate accounts with Netflix and Gamefly. Plus with Gameznflix you have the convenience of having everything from one company on one website.
Hold on, this gets even better, with Gamezflix you can sign up for an annual subscription for 249.00 and take out 6 movie/games at a time. Thats approx. 21 bucks a month meanwhile the Netflix and Gamefly combo will cost you almost 300 dollars a year for 1 movie and 1 game out at a time.
And, if you wanted to match the 6 movie/game scenario using Netflix and Gamefly it would cost 17.99 a month to rent 3 movies at a time from Netflix plus 21.95 a month to rent 2 games at a time from Gamefly(didn't see a 3 game option available on the website) for a total of 40 bucks a month and a total of 480 dollars a year to rent 5 movie/games at a time. Gameznflix gives you 6 movies/games at a time for only 249.00 a year! WOW!
Gameznflix proves to be a much better deal imo.
50 day Moving Average crossing 200 day Moving Average, the "Golden Cross"!!!
Repost from Raging Bull/Market Millionaires MBs:
There are many "right" things converging for GameZnFlix right now:
- Partnership with Circuit City (revenue is shared for CC linked new subscriptions, but this legitamizes GameZnFlix as a solid company soon on "national" basis with 600+ Circuit City stores and website)
- Launch of XBOX 360 - This is the "ultimate" for console gaming and as we have already seen, the demand and following is tremendous, the likes of Star Wars! I mean, people were "camped" out in front of stores to get their XBOX!!! These same gamers will drive the subcription with GameZnFlix to "fuel" their desire to play on the new XBOX (BTW, I posted on 3SOF the comparison chart of various game renting services and GameZnFlix has the "LOWEST" price!!!)
- Holiday Season and historical "bullish" market of Nov - January! What timing!!! Circuit City will be open at 5AM on "Black" Friday!!! All the kids and gamers are "SCREAMING" at their parents and grandparents for the new XBOX 360 for Christmas!!! And instead of spending $50 - $60 for each new game ($500 - $600 for just 10 games!!! Wow), parents/grandparents will see CC flyer advertising GameZnFlix that will allow their kids (and probably themselves like me) to play all the games they want for low monthly subscription price!!! What a deal!!!
- 50 MA is crossing 200 MA, the "Golden Cross" - With GZFX moving 400-500 million shares daily (I know, some of the volume is repeated daytrading buys/sells, but still very impressive). This crossing of 200 MA will trigger many new buyers to GZFX on Friday and next week. Many hedge/private fund managers are looking at the same market data about DVD/XBOX 360/Holiday Season/Bullish Market trends as we (individual "retail" investors/traders) are and thinking the same thing. With such a "huge" gain potential and "tiny" share price of sub-2 penny, many fund managers/investors will buy to not "miss out" on GameZnFlix potential.
- Many have fresh memory of Netflix going against the "brick and mortar" DVD/VHS movie rental houses and winning BIG. The buzz on Netflix (NFLX) MB is that GameZnFlix is doing the same thing to Netflix it did to Blockbusters, Warehouse, Hollywood Video, etc. Netflix only offers DVDs and movies. GameZnFlix offers DVDs AND Games, and soon books and music!!! Yes, GameZnFlix last year and early this year wasn't the "perfect" startup company (but who was? even Yahoo had very "humble" begining) and they have made some "significant" strides this summer and fall (I have posted October conference call link at 3SOF MB). Things are definately looking up for GameZnFlix right now, and this potential for growth is what we (money managers) should be looking at.
- Low share price. I mean sub-2 penny is CHEAP!!! Would things be different if GZFX was $1? or $5? If the share price was higher, I believe things would be even better because there are many Institutional/Money Managers that have $1-$5 restrictions. If GZFX was at $1-$5, we would see the Inst/MM jumping in big time!!! BTW, GZFX already have some Inst/MM/hedge/private fund ownership (I will post the chart at 3SOF after Thanksgiving dinner - getting ready to drive off to wife's uncle's) and this will only increase as days/weeks to come.
- Effective Management - I posted the GameZnFlix management line up at 3SOF MB, and as we already have seen, the CEO was successful in arranging the deal with Circuit City!!! Think about it, how was this small "online company" beat out other DVD/Game renter services to get Circuit City partnership??? Think about what GameZnFlix CEO presented to CEO of Circuit City. What did the CEO of Circuit City see that made him "CHOOSE" GameZnFlix over other more "established" DVD/Game renter services like Gamefly (which was probably the best, but costs more than GameZnFlix). Was it just subcription price? I don't think so. Gamefly and other services have not been able to "fully" service their customers.
Perhaps, with Circuit City backing, the two CEOs are planning to joint-venture a new "comprehensive" online DVD/Game/book/music rental service that will run away from the pack and give Best Buy/Netflix (with DVD only) a "one up" Who knows, but I am really pondering why Circuit City CEO/board would approve GameZnFlix over other companies, unless they saw something very positive and promising.
Well, I need to drive the family to Thanksgiving dinner now. Take care and have a nice Thanksgiving everyone!!!
I will post back this evening (I will be thinking about the Circuit City thing all afternoon) LOL
- John
This is a great find! :D Thanks theslick56 for the link from Yahoo MB!
Hi all !
GZFX's CEO is the Vice President of Ford Motors and he owns 1 quarter of the O/S himself !:
http://biz.yahoo.com/t/34/3837.html
Go where the money flows !
= update =
I couldn't believe it, but thanks to gysgtsantiago (from Yahoo MB) found verification on Ford Corporate webpage.
However, I am still trying to figure out if these two are the same person. Can someone verify this?
http://www.ford.com/en/company/corporateGovernance/officers.htm
= update =
I did a google search and it appears that two John Flemings are "different" persons. Looks like Yahoo posted the info based on "same" name.
Thanks toysrusucks for the link from Yahoo MB:
Gzfx up 21% overseas (European markets were open on Thanksgiving, which is a US holiday only)
(Note: Yahoo must be rounding off fractional of penny, but the percentage gain up should tell the gain activity)
http://finance.yahoo.com/q?d=v1&s=GZFX.be
Thanks morrow95 for the link from Raging Bull MB:
24 Nov 2005, 07:03 PM EST
Circuit City - GameZnFlix bundle:
http://ragingbull.lycos.com/mboard/boards.cgi?board=GZFX&read=162879
Thanks luvnpeace2u for the link from Raging Bull MB:
24 Nov 2005, 04:30 PM EST
Circuit City XBOX 360/GameZnFlix kiosk:
Thanks luvnpeace2u for the post/links
http://ragingbull.lycos.com/cgi-bin/static.cgi/a=rules.txt&d=community
24 Nov 2005, 04:30 PM EST
GZFX WEBCAST HIGHLIGHTS...
17% of members request movies only.
66% requests both games and movies.
23% are pure gamers.
Ad Campaign:
Opt Email
Pop up ads
Sponsorship and Endorsement program.
Considering at Florida, Texas, Northwest, Midwest, and Hawaii.
CSTV agreement targeting college students going to campus in 20 major universities (Nov 1st).
Online advertising 10 - 20 million impression in the 4th quarter.
Male oriented websites: IGN, Hollywood, Mensfitness, Road & Track.
Advertising will not get ahead of inventory and growth!!
Redirecting to online marketing. No plans to move into TV yet. GOOD!
Market Research and development:
Direct download pay per view basis.
Revenue sharing to maintain all copyright in relation to inventory.
UK expansion moved to late 2006 to focus the circuit City opportunity.
17% of members request 100% movies on the gameside. 66% requests games and movies.
16.5 million of funding
75% will go to inventory
25% advertising
Reviewed by auditor
Operational Capacity:
New mailer performed better than expected.
Ship thousand of titles only 3 - 5 have been broken.
Delivery time now averaging 48 hours and 24 in the proximity of distribution.
Along with Ingram entertainment: Signed 2 new distributors: baker & taylor, VPD.
Inventory leveling like Netflix to pull out of stock inventory from the next closest distribution center
Prebooking titles (new releases) at minimum of 6 weeks stock.
Circuit City Relationship:
Store managers have been trained.
Significant store promotion
Products will be in store Nov 1st.
Gameznflix will also be online on CC website.
Gameznflix will be on the CC circular to 50-100 mil households
across the country (profit / membership projected to jump).
No Plans to going to Canada as of now.
Website makeover:
Updating website in the next few weeks.
Separate section for each platform.
Improving search feature with more options.
Cross-promotion in website.
Web infrastructure is in place ready for the spike.
Acquisition outlook:
Looking at all acquisition, other direct download companies, movie companies, game companies.
Thanks luvnpeace2u for the link from Raging Bull MB:
24 Nov 2005, 05:35 PM EST
Msg. 162853 of 163039
In case noone has noticed:
http://www.wallstreettape.com/messageboards/?ticker=GZFX
look at the most popular searches on that site all this week.
Thanks stealth2270 for the link from Raging Bull MB:
24 Nov 2005, 06:27 PM EST
GameZnFlix is traded on many world markets, like Netflix:
Thanks stockpick10 for the link from Raging Bull MB:
24 Nov 2005, 06:56 PM EST
http://news.com.com/2240-10755_3-0.html
Interesting post that may apply to stock trading in general. ;)
Thanks mrtrader1 for the post from Raging Bull MB:
24 Nov 2005, 10:53 PM EST
Msg. 162993 of 163040
Gzfx - Stage 2 Perhaps
A Penny Stocks Life or Market Cycles
Stage 1 - Accumulation. Stock is quiet, trading sideways and without a lot of volatility. Most everyone ignores the stock because it has no sizzle. Insiders hold large blocks of stock and quietly gear up for the distribution.
Stage 2 - Breakout. Volume jumps up, psychological barriers are broken. Insiders begin to tell their friends of upcoming significant fundamental change. Pros take notice and buy the stock on the coat tails of the well informed. The public ignores it because they have not read about the company in the paper yet. It must be a scam.
Stage 3 - Uptrend. As a larger audience learns of the company and its promise, more buying comes in to the stock and it begins to climb. Pros begin to sell, but slowly. Average investor begins to buy.
Stage 4 - Pullback. The stock has gone up too fast, and some profit taking arrives. The jumpy investor who got the entry timing right but lacks confidence in his or her decision sells the stock with a small profit, and smiles in the mirror. The Pro holds on, Average Investor looks through the newspaper to find justification for ownership of the shares.
Stage 5 - Resumption of the Uptrend. The pull back is short lived, and the stock bounces and continues higher. The wannabe regrets the sell, but provides self counsel on the merit of making a profit, albeit a small one. The Pro might sell a little bit more, but still holds the majority of the original position. The Average Investor is getting excited now, and thinks about what could have been if only he had bought when he first noticed the stock.
Stage 6 - Exhaustion of the Uptrend. The media takes notice, and communicates the company's merits to the masses. The masses buy the stock, and it goes up sharply with strong volume. The Pros sell with enthusiasm. The Average Investor owns it now, and is telling everyone who will listen. The wannabe Pro jumps back on, after all, he was smart enough to buy it when the trend started, so he knows the stock well. Will hope make it go higher?
Stage 7 - Gravity Works. Pro selling begins to weigh on the uptrend, and the stock fails to go higher despite high volumes. The stock starts to go down instead of up, and the Pro is almost sold out. The Average Investor continues to cheer lead, hoping to rally support. The wannabe ignores what the market is telling him, taking a loss is too painful to consider. The company is featured on the cover of a magazine.
Stage 8 - The Second Guess. The stock bounces and starts to go back up. The wannabe Pro averages down while the Average Investor gets back to advising friends of his stock picking acumen. Pros sell their remaining holdings and begin to look for another deal to play, or perhaps start short selling the stock.
Stage 9 - Out of Gas. The bounce is a fake out, and the stock moves lower again. The public own this stock, and they have no more power to buy. The Pro are making money on the short sales now, but are despised by the masses. Calls for short selling to be made illegal are made by the Average Investor, after all, the short sellers are the demons causing the sell off.
Stage 10 - Dead Cat Bounce. The Average Investor and the wannabe Pro have no pain tolerance left, and finally sell for a big loss. The short selling Pros are the only buyers to take the share off their hands, and provide the needed liquidity. The stock bounces, and some short term traders make a quick profit. The Average Investor either swears to never buy a stock again, or tells lively stories over drinks about the one that could have been.
Stage 11 - Post Mortem. Pros have forgot about the stock and are considering carpet samples for their new home in Florida. Average Investor continues to follow the company and buys loads of cheap stock to try and overcome the regrettable loss.
The stock market is mean. You can be a good analyst, but if you can't overcome the psychological traps of trading, you will do what the crowd does. To be successful, you have be one step ahead of the crowd, and trade with unemotional discipline. There are strategies to take advantage of each stage of the market cycle that can be applied just by looking at a stock chart. They just require a bit of knowledge.
Author Unknown
Repost from Penny GZFX MB:
Bart, nice link!
I pasted the link content:
http://www.rentingdvdsonline.com/GameZnFlix-dvd-game-rentals.php
Thanks melvinthemopboy for the post from Raging Bull MB, same thing happened at my Thanksgiving dinner!
25 Nov 2005, 10:56 AM EST
Msg. 163278 of 163312
Proof enough for me
If this thing continues to be promoted properly and Circuit City continues its partnership I feel this company could make some serious noise. At my aunts for thanksgiving I told all the younger kids there about GameznFlix. No lie they ran into the other room and asked their fathers/mothers if they could dump Netflix and switch to GameznFlix. Their parents seemed shocked that you could get movies AND games for less money than Netflix charges. They all wrote down the website. Then after dinner while I was outside enjoying a coffee two of the fathers came up to me and said my mother told them I invested in the stock. When I told them it was under 2 cents they damn near shat themselves. They took down the ticker symbol and said they would be buying.
Now that is just one experience from one day. I'm sure conversations like that are taking place all over. If Circuit City and GameznFlix do this right they could have a HUGE winner here in my opinion.
Wow what a day for GZFX!!!
50 MA crossed the 200 MA, the "Golden Cross"!!!
With $0.0218 close and $0.0175 - $0.0177 buy in, that's about $0.004 x 1 million shares = $4,000+ gain!!! Wow!!!
With short trading day after Thanksgiving, today's volume activity was not representative of all the traders/investors that were away from their computers/offices. Monday looks to be very exciting for GZFX!
Good trading!
P.S. - We got 12 hour drive back home so I may not post until Saturday evening.
Have a nice weekend!
Here is Barchart.com's Technical Analysis composite indicator:
http://quotes.barchart.com/texpert.asp?sym=gzfx
This is the new Circuit City weekly ad. As you can see, GameZnFlix is now showing on Games (page 34) and DVDs (page 38)! This exposure will continue "week after week" and "month after month" promoting GameZnFlix on a national level and GameZnFlix subscription will only increase.
http://weeklyad.circuitcity.com/circuitcity/Default.aspx?action=browsepagelarge&storeid=2396994&rapid=205766&pagenumber=34
http://weeklyad.circuitcity.com/circuitcity/Default.aspx?action=browsepagelarge&storeid=2396994&rapid=205766&pagenumber=38
GZFX is mainitaining its interest on MB searches:
http://www.wallstreettape.com/messageboards/?ticker=GZFX
GZFX moved up from 7 to 5 on Cnet's most searched term!
Notice that XBOX 360 is the "number one" searched term!
http://news.com.com/2240-10755_3-0.html
This indicates Microsoft wanting to "saturate" the gaming market with XBOX 360 to create a "huge" demand pool for XBOX 360 games. With over 5.5 million consoles to be sold by June 2006 now, XBOX 360 already beat Sony PlayStation 3 and Nintendo Revolution to the market by "monopolizing" this holiday season!!! Nice move on Microsoft.
Think about this. As each new console gaming units gets launched, online game rental services like GameZnFlix only stand to benefit as the cost of each game is $50 - $60!!! It will be very apparent to parents/gamers that annually, renting console games is "cheaper" than buying just a few games each year.
http://news.com.com/Microsoft+loses+money+on+each+Xbox/2100-1043_3-5970560.html?tag=pulse.pop
Microsoft loses money on each Xbox
By Reuters
Published: November 24, 2005, 8:20 AM PST
The cost of building a Microsoft Xbox 360 video game console is nearly 40 percent higher than the retail price, technology and microchip research company iSuppli said on Wednesday.
The firm estimated the total cost to manufacture and test a premium Xbox 360, the software giant's sleek and powerful new gaming machine, which debuted on Tuesday, was $552.27, compared with its retail price of $399.
Microsoft aims to sell about 5.5 million premium and lower-priced basic Xbox 360 units by the end of June. The machine will compete with the PlayStation 3 from Sony and Nintendo's Revolution, each due out in 2006.
Console makers have historically subsidized manufacturing costs by creating and selling their own video games and by collecting fees from publishers who make titles for their systems. Several new Xbox 360 games are priced as high as $60.
... The release of those machines is expected to reignite hardware sales growth. Crotty said iSuppli is forecasting 38.5 million video game consoles sold next year, up from 28.5 million in 2005.
Here's a website that has consolidated press releases and investment opinions about GZFX:
http://investor.news.com/Engine?Account=cnet&PageName=NEWS&Ticker=GZFX
http://www.smallcapcenter.com/snapshot_news.asp?page2=shownewsrelease&oldpage2=&ticker=GZFX&storyid=5499260&newspage=&coname=GameZnFlix%2C+Inc%2E+%28OBB+%3A+GZFX%29
GameZnFlix, Inc., an online provider of video game and DVDs for rent or purchase, announced that it now has the capability to rent over 40,000 titles to its members.
"Through our relationships with vendors like Video Products Distributors, Inc., we have been able to secure the ability to have an even larger base of titles, and make them available to our members," said Donald "Chip" Gallent, president.
Tom Kielty, Senior Vice President of Sales and Purchasing for Video Products Distributors, Inc., adds, "We are extremely pleased to be associated with GameZnFlix. Their commitment to providing online subscribers with a wide spectrum of entertainment for the whole family is a exciting endeavor that we are thrilled to be a part of."
Video Products Distributors, Inc., based in Folsom, California, is one of the nation's leading wholesale distributors of pre-recorded DVDs and related products. Video Products Distributors, Inc. has been working with GameZnFlix since July 2005 by supplying both DVDs and games to the company.
Dang, nice post fringe_remnant from investorhub MB:
http://www.investorshub.com/boards/read_msg.asp?message_id=8640655
Date:11/27/2005 9:58:14 AM
Resistance is Futile
GZFX On NEW GROUND with Technical Trend Confirmations
Before Monday's Open, a recap of technical events behind the stock may offer some perspective on the play unfolding...
Friday was an important day for GZFX. Validation of the direction the stock is taking came in on increased momentum, depth, strength, and continuing build out on investor interest during what can sometimes be a terrible day for equities, while the volume was a mere 80MM on a short trading session.
I believe GZFX, the stock, entered a new era on Friday.
It is now a getting ready to range more freely. Resistance ahead is spotty, and the convergence (at $0.035 - 0.05) between the Ascending Channel mid-line and the PPS hugging the Lower Pitchfork Tine offers us a chance to assess the stock's strength at RRR. The closer we get to this point in time and space the more exciting this play gets. I expect the stock to fully reveal itself at this juncture, technically speaking.
I think lancebps hit it on the head earlier today when he said that GZFX could quite possibly be the entity that single-handedly redefines the penny stock market for the Fall season, bringing it back to life.
Support for the above notions is found in the following:
RSI CONFIRMED Friday that it is very happy in the Power Zone, grinding it out in the Plus70 area, driving this stock forward. This is an environment that can make or break a stock, where only the fittest survive. Look closely at what is happening to RSI on GZFX. And look also at the weekly RSI... outstanding crossover here.
UltOSc best describes an indicator's Investor Sentiment. It never stays at 70 for long. If a stock is strong, UltOsc will move through a series of mild retracements bouncing along the underside of 70, strengthening, and pushing off again, all while respecting an ever rising trend line. This activity takes place in conjunction with an RSI+70 feature, and it is happening to GZFX as we speak.
ADI is bouncing off the ADX trend Line, now in the Plus40 Zone, the Power Trend Trampoline.
OBV Confirmed a Trend Line that is singularly aggressive, remarkable in the attack. Volume, and sister OBV, are one of the two main stories behind this play. The indicator is not shy in its message: OUTTA MY WAY!
ChiOsc is the other half of the story here, and also Confirmed a Trend Line Friday which is just beautiful to observe. Volume is in, and so is da money. And, it's sticking.
Williams%R signalled that it is more than willing to go into battle again, and will cross up into the Power Zone early Monday morning coming, giving us a sustained run from here into uncharted territory.
The Accumulation/Distribution Line has now confirmed it's own Trend up over the last few sessions. Friday nailed it. Look at that long, bellying attitude of the trend line..... very strong, very healthy.
MACD exhorts all of this in one simple indicator. And that indicator is on a powerful upsurge that is nothing short of remarkable.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
All of the above points to the distinct possibility that new territory for GZFX is in the offing. It is becoming plausible now that the stock, once confronting the aforementioned congestion at 0.035- 0.05, will punch up sharply from there, reaffirm that breakout point briefly, and assault much higher PPS levels before the New Year, if events unfold the way they are indicating they may.
Thanks seabiscuit for the post from InvestorHub MB.
I did not know Canada had 930 CC and affiliates! I wonder if Canadian CC ads will cover GameZnFlix soon?
http://www.investorshub.com/boards/read_msg.asp?message_id=8640742
Date:11/27/2005 10:11:03 AM
Thanks , Edge , and duly noted as 630 C.C. stores in the U.S. and 930 C.C. stores and Affiliates in Canada .
Thanks rolo731 for the post from InvestorHub MB.
Date:11/27/2005 10:11:57 AM
Investwise, everyone must realise that for Circuit City this deal is a WIN - WIN situation. With the high cost of the new x-box, any avenue to lessen the cost to provide games/dvds for the consumer will be greatly appreciated. This helps CC in three ways 1)There will be more foot traffic in the stores to buy x-box's 2)It's a no brainer to let your kid try out a new game before you decide to buy it (at CC ?) 3)Add'l revenues for a service that increases customer loyalty.
Thanks shomidamoni for the post from InvestorsHub MB.
27 Nov 2005, 12:23 PM EST
Msg. 164937 of 164943
(This msg. is a reply to 164914 by qwaisy2.)
QWAISY2, The difference between last year's Dell dude commercial and this year's CC effect on raising GZFX subscription is that, last year, GZFX was not quite ready to supply the demand of subscribers, Shipping of DVDs and games took a long time too. These subscribers were dissatisfied and eventually drop their subscription, Management has learned from this and this year. Increase of subscribers will be controlled by management so they can ensure that they can supply the demand of subscribers. Shipping is now averaging 48 hours in most places and will continue to improve in the following days due to added distribution centers. Increase of subscribers Bottomline, GZFX will increase and KEEP SUBSCRIBERS!
Thanks boofusboy for the post.
27 Nov 2005, 12:40 PM EST
Msg. 164955 of 164959
(This msg. is a reply to 164855 by tskinner71.)
tskinner71 ... with that said, a membership with GZFX is a no brainer as well (Buying stock in GZFX is the other no brainer). Compare prices to all the others. The service is great so far for my family. The method of receiving, viewing/playing and putting the disk back in the PREPOSTAGED SELF-ADDRESSED envelope to send back at GZFX's expense is a MAJOR cost savings in itself! Think about it for a moment: (This is one of my pet peeves..just mho ok?)
Summertime: I'm done with the movies. I gotta get in the car, drive 2 miles (it's hot..the traffic sux at times) to the post office. Drive the 2 same miles back. Time it takes? Oh...anywhere from 15 to 30 minutes..just to return movies/games we just saw and enjoyed.
Solution to this: Pop the Gameznflix movie/game back in the SELF ADDRESSED,PRE POSTAGE PAID by GZFX in my home mailbox and let the mailman do all the dirty work. Benefit?..Time savings. To me..money is time. Not to mention GZFX has everyone beat on price and Value.
Wintertime: I'm done with the games/movies. I gotta get all winterized dressed up. Go out to the car...wipe off the snow, scrape ice off of the windshield and windows. Start the car and turn on the defrost. Then I gotta break out the snow blower/shovel (depending on how much of the white stuff is dumped the night before or dumping at present) and clear the driveway. Drive the same 2 miles..sometimes traffic infested.
Solution to this: Pop the Gameznflix movie/game back in the SELF ADDRESSED,PRE POSTAGE PAID by GZFX in my home mailbox and let the mailman do all the dirty work. Benefit?..Time savings. To me..money is time. Here me? TIME IS MONEY!
IN BOTH situations, all I have to do his open my front door, lean over and get the disks out of my mailbox..and when I'm done put them back in. The mailman does all the work. Now that's a deal! Lazy? No...let's just say TIME IS MONEY!
You say other companies like NFLX has this same benefit? WRONG! NFLX has no games AND the price is higher to deal with NFLX. Again, there's that factor that is all important. MONEY. TIME and MONEY... things that matter. No?
Now..couple these above mentioned issues and solutions with a pps that is so cheap it is rediculous for an up and coming company that has all the makings of a solid move up on strong volume... and it has been for weeks now without let up in sight. GZFX fits the bill. ALL THE WAY AROUND!
Come on Monday! Bring it on baby!
Thanks shomidamoni for the post from Raging Bull MB:
27 Nov 2005, 02:03 PM EST
Msg. 165056 of 165059
(This msg. is a reply to 165007 by firefight4.)
Firefight4, I agree. For my fellow newbies info, GZFX Management has a vision. They realize that they will have competition, so their goal is to become the top online family entertainment business. That is why they will not restrict their services to movies, and games. Gameznflix will also provide Video on Demand direct download which is on beta testing. Also wil provide books, audio tapes and music in the future. But for now,growth on DVD and game rentals alone is huge! Baby step at a time.... We are on the tip of the iceberg...
Hi LL,
I can see you are all over with the GZFX. Are you planning to go long on it or just still swing trading?
GLTY,
Gielda
Hi gielda2003, I left a reply post for you at NVAX MB.
I am a "full on" swing/day trader. By definition, I must take profit at the earliest "trendable" point, which for me, is dictated by RSI rising above 60, and certainly by 70-80 (see chart).
I anticipated profit taking on Friday with RSI above 70-80, but the bullish buying pressure was such that the price continued up. For Monday, I also expect some profit taking, but I believe the traders that missed out on buying opportunity this holiday week along with new buyers learning about GameZnFlix will increase the buying pressure, which may overcome the selling pressure.
Just about everyone I talked to this weekend said, "if you can buy 10,000 shares for about $200, I am in and won't care what happens to the stock." I had many that plan to buy more than $1,000 worth of GZFX to hold long term on pure "speculation." Many know about and gained from Netflix and see GameZnFlix as the "next" Netflix. I just reminded them to only "speculate" money they can afford to never see again.
As to my swing trading and "fractional daytrading." After GZFX goes through another profit taking session (if the buying pressure is great on Monday, it may not happen like Friday) my next (swing trading) sell target is $0.03. I am bought back in at $0.0175 - $0.0177 with more than 1.2 million shares (which would be around $16,000 gain).
If GZFX does take an extended price correction and trades down or sideways, I may "fractional daytrade" with 1/10 of penny equaling $1,200.
I have answered numerous emails and posts this evening about the current bullish market and GZFX taking a dive. I am just a newbie (since July of this year) swing trader who can now daytray til noon (PST) and I am continuing to do what grabs my attention and makes me "comfortable." There are several great stocks (I recommended HOM and PTN to my last email response), but as we continue with the bullish market trends, I will be reviewing and updating my 20-40 stocks as more and more stocks will be back on "gain" cycle, especially those stocks that trend with the market.
Why GZFX? I like the 400-500 million daily volume and the tremendous amount of buzz and interest it has generated on the searches (#5 as of today on cnet search item with XBOX as #1) and on the message boards. I have spent the latter part of last week and today on Yahoo CC, Raging Bull, Market Millionaire and InvestorsHub MBs and the interest is amazing!
There's even a growing "grass roots" movement where stock holders are distributing GameZnFlix/Circuit City flyers (http://us.share.geocities.com/goldleader71/Golds_version.png) to spread the word about GameZnFlix online DVD/game rental service, which is lower in cost than competition services offering both DVDs and games, unlike Netflix and Gamefly. Here's one of their sites: http://www.geocities.com/goldleader71/gzfx5.swf
Just about everyone I talked to about the XBOX 360 launch and game rental cost vs buying games agree that they would prefer to pay less and rent than to buy. I mean, this may be the start of something much bigger than this short-term swing/day trader may believe.
So, for now, I will continue with my swing trading practice of taking profit at the next sell target or "fractional daytrade" with GZFX. If GZFX does become profittable (I believe CEO stated that at 15,000 subscribers GameZnFlix will be profittable - they have about 7,500 now) and buying pressure continues, I may put some of my gains into mid-long term holding of GZFX. Time will tell. For now, I need to focus on Monday's market open.
I am still enjoying this crazy world of stock "swing/day trading" and hope to benefit others with my "transparent" trading practice documented on this MB.
Hope you all had a nice Thanksgiving.
Good trading!
- John
Thanks LiveLife.
I agree, the interest in GZFX is tremendous now. The deal with CC is huge. If (when) they will go to all CC location it will keep generating big momentum. $1000 will give you 50000 shares now- IMHO worth a risk - could be a story stock. Maybe like NFLX - maybe not (way too many shares) but worth a risk.
Thanks again and good luck,
Gielda
Thanks dfwyatt for the link: http://photobucket.com/albums/c173/dfwyatt/
This is "In your face" promotion by Circuit City!
Will the consumer "notice" GameZnFlix?
Shameless...
Gameznflix was advertising before they even had the ability to process credit cards, as I have stated in other threads I have nothing to hide and no reason not to be 100% frank and candid...so where's the beef?
It appears that alot of the gamers that have tried this service have quite a beef...
Here's a few comments off a NetFlix blog:
http://www.hackingnetflix.com/2004/11/has_anyone_trie.html
Quoteterrible.. lost dvds.. slow delivery times.. it's almost like they restored their database from a backup once or twice because my queue has changed multiple times back to how it looked a day or so ago. i WISH i would have found reviews for these game companys before i subscribed.. because their sign up page was such ass when i started i accidentally signed up for 4 months..
QuoteI gave them a shot once. Never even recieved a single game and I waited two weeks. The games that I had in my queue never even shipped. Terrible service! I would never recommend them.
QuoteGameznflix claims to have tons of titles but they really don't. I have gone a month without receiving anything from them and I have 24 movies/games in my list. They claim they are too busy and/or have to special order some things.
Reseller rating has an average score for this company of 1.88...thats BEYOND terrible, a few select words from customers:
http://www.resellerratings.com/seller8112.html
QuoteTerrible service. I signed up for the two week trial. After 4 days, the first movie sent. I had 50 movies in my queue, so three should have sent at that time, they didn not. One movie was all that sent the entire time. All the others were not in stock.
Customer service replied with your basic sterilized non-helpful "thank you for choosing gameznflix -- please add more to your queue"
apparently 50 wasn't enough.
Useless customer service for a useless site. I'd suggest signing up to any of the many other rental-by-mail sites before this one.
QuoteWorst service I have ever used. I had 50+ games in my Queue they were out of EVERYONE! I called and they said if they hasd one in stock that it would be sent. but could'nt even look up my account. I am reporting them to BBB for charging me for services not used I.E. a month charge for which I did not recieve items.
This company has spent A LOT of money on advertising, marketing, and hype...mostly hype for their stock. The nuts 'n bolts ain't there. Do your own due diligence and talk to some gamers that have actually tried this service..most say it's crap.
Say what Richard? :(... i hate that kind of sevice :-\..Netflix service is the best, but so far they don't have rental games, maybe in the future ;) .... if that happen they will knock down GZFX out of business...
Richard and Terlisa, thanks for the comments!
I have spent quite a few hours yesterday answering emails and posts about the concern for GameZnFlix. Wow. So much interest!
Well, this is my position.
Richard, yes, GameZnFlix has not delivered the "service" to their customers last year and early this year. And many of the online reviews and comments from gamers will reflect that.
However, since the summer of this year, GameZnFlix really has worked hard to turn the company around. And as you stated, seeing more marketing, PR and promotions and landing new deals like partnering with Circuit City and buying out the inventory of Gamechoice is demonstration of this company going from "bad customer service" to better.
Many on other MBs decided to find out this for themselves and signed up for GameZnFlix subscripton, to see if the company actually provides good, timely and effective customer service. I am thinking about doing the same, since they offer free trial subscription. What have you got to lose? If GameZnFlix can deliver the online DVD/game service, then the current level of service is all that matters.
As to stock trading for this swing trader, as I stated many times before, by definition I must take profit at the first available opportunity. With each market open, I will watch the stock very carefully and buy/sell/buy back. If the stock doesn't perform, then I will move on to the next stock, like I have since I started this MB thread. This MB thread is not the "emotional" and loyal MB thread, it is a swing trading MB thread to demonstrate fast and objective stock trading to maximize gains, trying to ride the gains and be holding cash while stocks take profit.
One thing I do have to say is that there is a lot of interest in this small company and stock. Just look at the posted charts of search item results and MB buzz at Yahoo, Raging Bull, Market Millionaire, InvestorsHub, etc. Raging Bull's MB is like a ticker tape that's not stopping! Even though chart trends say RSI is above is 70-80 and stock is "overbought" and watch for profit taking, extreme bullish pressure will overcome the selling and drive the stock price higher. I have seen this before, recently with HOM the past several weeks/months.
Yes, I am speculating with GZFX, and I already cautioned members/visitors of this MB thread to only speculate with money they don't intend to never see again. If they are speculating, then ultimately it is their decision, and not yours. With 400-500 million shares being traded each day, people are going to buy/sell regardless what they read and see on the MBs. Even though HOM's RSI was above 70-80, people kept buying and drove the price up. If I was posting on HOM MB not to buy and sell because the chart trend and Technical Analysis said "sell" what would have been my position? ="ignored"=
The whole intent I made on page 1 of this MB thread was to document and make transparent my swing trading (and now daytrading also) activity in the hopes that others new to stock trading can benefit, that's all.
Take care everyone this morning!
Good trading!
- John
http://news.com.com/2240-10755_3-0.html
http://www.wallstreettape.com/messageboards/?ticker=GZFX
Nice gain activity for PTN after morning spike up and nice rebound gain for HOM!
What a day for Nasdaq! Down 23.64!!!
PTN and HOM fared quite well ;)
Next to the GZFX "speculation" ;D
Nice profit taking in the morning with rebound followed by more profit taking! I actually thought $0.0229 would hold, so I left for work early. I see that it closed lower at $0.022 after a slight climb.
This must be taken into consideration with Nasdaq taking 23.64 point dip following five days of gains. If there was generalized profit taking, then GZFX fared very well, closing up positive. There were many stocks that lost quite a bit. Netflix, for one, lost $1.67 (5.71%) and went down even lower after hours by $0.06!
With increased volume from Friday (holiday absence for many) to 276 million shares, GZFX actually did better than I anticipated with RSI being above 70-80. I thought GZFX may close in the negative after overdue profit taking. This indicates significant bullish buying pressure. I agree with fousc that there may be further retracement before resuming gains, but after huge dip of Nasdaq, there may be a lot of rebound activity tomorrow!
Yes, this is "speculation!"
Good trading!
GZFX moving up to #3 from #5 on cnet search! The "buzz" is on!
http://news.com.com/2240-10755_3-0.html
http://www.wallstreettape.com/messageboards/?ticker=GZFX
Good morning!
http://biz.yahoo.com/ap/051129/wall_street_premarket.html?.v=4
"Stocks Set to Open Up on Economic Data
Tuesday November 29, 8:37 am ET
Stocks Set to Open Higher on Durable Goods, Consumer Confidence Data"
We may have a nice market rebound after yesterday's dip. GZFX stayed positive even after a significant profit taking and this is good. Should be an exciting day!
GZFX continues to be the "buzz" on the stock trading MBs and still remains #3 searched item on cnet!
http://news.com.com/2240-10755_3-0.html
http://www.wallstreettape.com/messageboards/?ticker=GZFX
Interesting repost that may apply to stock trading in general.
Perhaps GZFX in Stage 4? For this swing trader, I am back in to see where GZFX will go, if it doesn't I will sell and move on to the next swing trade! ;)
Thanks mrtrader1 for the post from Raging Bull MB:
24 Nov 2005, 10:53 PM EST
Msg. 162993 of 163040
A Penny Stocks Life or Market Cycles
Stage 1 - Accumulation. Stock is quiet, trading sideways and without a lot of volatility. Most everyone ignores the stock because it has no sizzle. Insiders hold large blocks of stock and quietly gear up for the distribution.
Stage 2 - Breakout. Volume jumps up, psychological barriers are broken. Insiders begin to tell their friends of upcoming significant fundamental change. Pros take notice and buy the stock on the coat tails of the well informed. The public ignores it because they have not read about the company in the paper yet. It must be a scam.
Stage 3 - Uptrend. As a larger audience learns of the company and its promise, more buying comes in to the stock and it begins to climb. Pros begin to sell, but slowly. Average investor begins to buy.
Stage 4 - Pullback. The stock has gone up too fast, and some profit taking arrives. The jumpy investor who got the entry timing right but lacks confidence in his or her decision sells the stock with a small profit, and smiles in the mirror. The Pro holds on, Average Investor looks through the newspaper to find justification for ownership of the shares.
Stage 5 - Resumption of the Uptrend. The pull back is short lived, and the stock bounces and continues higher. The wannabe regrets the sell, but provides self counsel on the merit of making a profit, albeit a small one. The Pro might sell a little bit more, but still holds the majority of the original position. The Average Investor is getting excited now, and thinks about what could have been if only he had bought when he first noticed the stock.
Stage 6 - Exhaustion of the Uptrend. The media takes notice, and communicates the company's merits to the masses. The masses buy the stock, and it goes up sharply with strong volume. The Pros sell with enthusiasm. The Average Investor owns it now, and is telling everyone who will listen. The wannabe Pro jumps back on, after all, he was smart enough to buy it when the trend started, so he knows the stock well. Will hope make it go higher?
Stage 7 - Gravity Works. Pro selling begins to weigh on the uptrend, and the stock fails to go higher despite high volumes. The stock starts to go down instead of up, and the Pro is almost sold out. The Average Investor continues to cheer lead, hoping to rally support. The wannabe ignores what the market is telling him, taking a loss is too painful to consider. The company is featured on the cover of a magazine.
Stage 8 - The Second Guess. The stock bounces and starts to go back up. The wannabe Pro averages down while the Average Investor gets back to advising friends of his stock picking acumen. Pros sell their remaining holdings and begin to look for another deal to play, or perhaps start short selling the stock.
Stage 9 - Out of Gas. The bounce is a fake out, and the stock moves lower again. The public own this stock, and they have no more power to buy. The Pro are making money on the short sales now, but are despised by the masses. Calls for short selling to be made illegal are made by the Average Investor, after all, the short sellers are the demons causing the sell off.
Stage 10 - Dead Cat Bounce. The Average Investor and the wannabe Pro have no pain tolerance left, and finally sell for a big loss. The short selling Pros are the only buyers to take the share off their hands, and provide the needed liquidity. The stock bounces, and some short term traders make a quick profit. The Average Investor either swears to never buy a stock again, or tells lively stories over drinks about the one that could have been.
Stage 11 - Post Mortem. Pros have forgot about the stock and are considering carpet samples for their new home in Florida. Average Investor continues to follow the company and buys loads of cheap stock to try and overcome the regrettable loss.
The stock market is mean. You can be a good analyst, but if you can't overcome the psychological traps of trading, you will do what the crowd does. To be successful, you have be one step ahead of the crowd, and trade with unemotional discipline. There are strategies to take advantage of each stage of the market cycle that can be applied just by looking at a stock chart. They just require a bit of knowledge.
Author Unknown
Good re-entry point after swing trading profit taking (blue oval)
= Update 9:00 AM PST = lunch time in New York. ;)
Well, is GZFX rebound after the anticipated profit taking sustainable? It will depend on buying pressure and new buyers learning about this company and Circuit City connection. GameZnFlix and Circuit City should do a Press Release regarding GameZnFlix subscription increase and company profitability. Time will tell. Let's watch.
= Update 11:00 AM PST =
Nice daytrading gain! but I am seeing a pullback on GZFX, I am wondering if the overall market is also doing a pullback.
Yes, if you compare with GZFX and Nasdaq intraday charts, not too far off. I also pulled other stock charts in comparison.
Along with the general market pullback, I also found some more "relevant" news that may be influencing GameZnFlix price because of "association" with Circuit City, perhaps. Often, sector as a whole will respond as a "group." Netflix got a nasty downgrade and price drops reflect it yesterday and today. (see below link)
This swing trader is bought back at $0.019 and I am off to work. For GZFX, yesterday and today's profit taking was overdue and anticipated. Will GZFX go through further retracement before climbing? I am not certain, so I will hold my shares overnight and see what happens to the tech sector as a whole and GZFX at market open tomorrow. If money left the tech sector I wonder if it got converted to cash to hold on sidelines or got moved to another sector. I will check on that tonight.
http://finance.yahoo.com/mo
12:30PM : No change to the prevailing trend as the afternoon session gets underway. Retail stocks, however, have recently inched into negative territory. Weakness has been most prevalent in computer & electronics retailers (i.e. BBY, CC and RSH)...
1:49PM Netflix - - 50 Day Alert (NFLX) 27.08 -0.50: -Technical- The stock trades at session/3-week lows just above its 50-day simple ma (26.98). Note the 50-day exponential lies below at 26.71.
I pulled the 5 day Nasdaq chart to see if there is a correlation of GZFX movement with the market.
I will let you come to your own conclusion.
Good trading!
Good evening!
Many of you emailed me asking "What happened today?"
If you look at the StockCharts technical analysis, as RSI dropped below 70 (RSI above 70-80 indicates "overbought" condition and stock usually sells off, unless there is extreme buying pressure) the anticipated retracement continued (fousc, you were right again! ;)).
The volume remained healthy at 235 million shares and MACD is still in the positive territory. Additional factors that may have contributed to today's drop may be due to market, especially tech heavy Nasdaq, took a day long dip after early gain (see Nasdaq Intraday chart).
I posted several other intraday stock charts for comparison. Even IBM took the same day-long drop (BTW, IBM makes the CPU for the XBOX, FYI :D). Circuit City and Best Buy both took it hard today along with Netflix, which continued it's decline after a "down grade" rating cut.
So, what's next for GZFX? If GZFX is trending with Nasdaq and other "tech" stocks, then if Nasdaq and tech sector rebounds, GZFX should follow with rebound. I held my shares through the night (I bought back at $0.019) after fractional daytrading in the morning, and I will be watching for rebound. If not, I will sell and watch for rebound.
Good trading!
Here are more comparison intraday charts:
And here's Intel, I think you get the message.
Thanks michaelsilata14904 for the post from Yahoo MB:
11/29/05 08:53 pm
Msg: 73910 of 73914
First of all I have both stocks , CC and GZFX, and I wish all of us and the two companies the best. I just listened to the conference call and to say the least I am very impressed. You can go to wallstreet.net to listen to the one today. I have a lot of major Dow 30 stocks and this conference call just as insightful . Gallent stressed that they are constantly watching the demand which is No. 1 priority. Membership has increased 25% since the beginning of the month and he states at least twice that we are in growth mode. I believe he wanted to say so much more but of course he had to hold back. In ending, I believe the CC is definately on. Management is so concerned about future demand and acquisitions. The reason is so simplistic, this deal and others are on. Be prepared you true longs for tremendous benefits in 2006. Same earmarkings as Sirius, nothing different.
Thanks bigomaha21 for the post and link from Yahoo MB: This is the conference call highlights by CEO of GameZnFlix with wallst.net. I am listening to the conference call now.
Good update for GZFX!!!
11/29/05 08:57 pm
Msg: 73911 of 73914
GZFX Subscriptions up 25% since begining of november.
CCity deal is going excellent
"gameznflix is now at the point when we are no longer a start up business, we are in growth ... Everything is in place for us to grow "
Aquisitions very agressive over next 12 months
Revised website in first quarter next year. New website during holiday season not a good idea.
Expanding advertising and marketing / distribution centers
Expansion into Europe
Playstation 3 Games in spring / HD DVD in Fall
More marketing partners
Retaining members better than ever.
All Straight from wallst.net's interview (www.wallst.net)
Nice conference call by CEO of GZFX with wallst.net! The subscription increase update (25% since November 1st!!!) is very timely and will certainly boost GZFX stock price!
Here's the transcript of the call:
http://www.gameznflix.com/press.asp?pressID=44&archive=0
http://www.wallst.net/
Today we would like to welcome Chip Gallent, president of GameZnFlix Inc., ticker symbol GZFX, on the over the counter bulletin board.
Welcome Mr. Gallent.
Thanks for having me.
Can you give us a brief overview of GameZnFlix, what you do and markets you serve?
GameZnFlix is in the on-line rental business of both games and DVDs, we are one of very few that do that, and what it allows us to do is really to serve the home in a way that no one else can in the on-line rental business. Our goal is to provide the family with a broad variety of rental choices, taking into account of the game market as well as the movie market and provide that value for the home entertainment dollar.
What do you think is the value proposition for your customers? What do you think separates GameZnFlix from its competitors?
The main thing for us is, like I said, we are the only major company in this market who offers both games and movies. And it really is helping us to establish its own category because traditionally, you had to go in either direction, either to on-line renter of movies or on-line renter of games to get the same thing that you get from us. For example, one of our competitors in the game space, offers two titles out at a time program for $21.95. On the DVD side, you can get three titles out at a time program for $17.99, that's $39.94 in combined rental expense to the home to get the same thing we offer for $16.99, now that's our three out program.
If you want to look at purely apples to apple, you have to spend almost $30 to get with game provider that offer one out plan with a movie provider to get the same thing of $16.99 that we offer. The fact that who we serve and who our customers are, the majority of people that we deal with are males. Our age demographic is 24-39, half of them are married. So we are really penetrating the home entertainment value for that home, and it's allowing us to serve, maybe their son or daughter who's a gamer, dad might be a gamer, mom might be a gamer. But then again, mom and dad might want to watch movies on the weekend, or kids might want to watch a particular movie. We are giving a lot more choice for their investment in the on-line subscription.
Tell us about the company's relationship with Circuit City.
We are in a program with Circuit City where by we are testing in stores the sale of our service through a box that we have designed that's sitting on their shelves and they are selling for us. The pilot program we are running with them right now, and we are hoping that that will lead to further expansion into the rest of their stores, which is going very well right now for us. All we can say at this point is that it's going well, and we are hoping that it will lead to us being in more of their stores.
When can investors expect the company to see uptake of subscriptions and revenue?
We are, for example, we have historically reported information, we are coming out of fourth quarter, you will be able to see those results in our annual report that will be filed some point in the first quarter. The most encouraging news today is that, just looking at the month of November, we are already up 25% in our membership from where we began on November 1st, and so that's very encouraging for us right now. A lot of things we've been working towards over the last couple of quarters are really beginning to work for us. Our new mailer is working very well for us.
We are striving to have as many titles on release day is as possible. That's one of the things we, through some of the research, we have identified that our members really like about us. Most of people in this business do not have the inventory from on day one. They wait until the titles are available on the used market, and they bring those titles in 2, 3, 4 weeks after release date.
What our research tells us is that the primary drivers in this industry are new releases, specifically on the DVD side. On the game side, it is very much with the new releases very much in line with genre specific titles be that shooter, role-play any number of genres that the gamer has. Having the day one stock is very critical for us and a key advantage that we have over a lot of people in the industry.
We have seen what happened when we launched our XBOX 360 program in the fact that we had titles on the shelf on day one, shipping to our members, and what that did to the demand for the titles and what that has done for us in helping us increase our membership, by having more variety for people to choose from.
Is the company currently capitalized to achieve strategic objectives through the next 12 months?
Absolutely, through our investment partners, we are very well capitalized and GameZnFlix is now at the point where we are no longer a startup business. We are absolutely in the growth and expansion mode and we are well capitalized to take on that state of the business.
How much growth through acquisitions can the investors expect in the next 12 months?
I think more than anything you will see that this industry is at a point in time where consolidation makes a lot of sense. There has been a lot of people who have been in the business for a number of years. A lot of companies that are privately funded who are not public, and are really at the point, in order to take the next step, they need access to capital and/or partners. What we look for in a company is for any type of acquisition target, is someone who is just that. In order to get to the next step, they need money. They've done a good job getting it where it is, but they just haven't been able to break through ceiling of some sort, whether it be marketing expense, inventory expense, growth expense, infrastructure, so on and so forth.
Another thing that we look for in a company is that is the company on-line rentals of movies or on-line rentals of games? Do they make good fit for us strategically? Are we like minded in the way we approach the business philosophy around the business do they have sound membership base? Do they have good inventory on hand that we can bring into our fold and help us expand the inventory that we have? You are going to see from us, that we are very aggressively looking for acquisitions right now in over the next 12 months, you are going to see us very aggressive in that side of the business.
Tell us about the company's management team.
Number one, we got a great management team. We got a core group of five individuals that cover the gamut when you are looking at the business, obviously finance, operatins, marketing, technology, human resources and the core people we have, Mr. Flemming, myself, Chris who runs the web operations side of the business, Arthur, CFO everybody has unique experience in and around the on-line business. We obviously been working to get to this point now for two or three years. Mr. Flemming has laid the ground work for us. So, our management team is really one where we got the right people to help us grow. We are looking for additional people to help us grow in other parts of the business. As we keep continuing to grow in member, We are looking for other parts of the business continue to grow in membership, the number of title, the number of distribution centers we have to continue to bring in good people to take us to the next level. We are obviously not done, and we will be adding others as we grow as we see fit and as the need arise. But as far as the core, we are very sound and have a great team to work with to get us where we are looking to go.
What are some milestones over the next 12-18 months the investors should watch for?
Number one, we already hit on, which is acquisition, in finding companies that are good fit companies to help us grow, can bring subscriber number to us as well as inventory as well as good people Probably in the first quarter is going to be the revised website. We were looking to get that out sooner, but we were counseled that releasing a new website during the holiday season was not a good thing for us to do at this point in time because of all the issues that surround releasing new technology out into the market.
The other thing is expanding our advertising and marketing. And really getting to the point where marketing and advertising is more science. And we understand exactly how people come to us, what drives them to us and what drives people to stay with us, for as long we can serve them, as long as they have a need for on-line subscription. We are looking at things like sponsorship and endorsement programs at different levels. Different sales channels we can look at for offering our service. We are looking at things like, is there potential for us to offer a way for groups and organizations to sell our service as a fund raiser, and are those kinds of things possible?
Obviously the other thing is expansion. Where do we go with distribution centers? How do we expand the business in a smart way in line with membership growth so that we are closer to pockets of members; therefore, so that our turn around time is better Another thing that is very strong for us is what is the evolution of rental business?
We are aggressively looking at a download model or paper view model, one that would allow us to offer to our members a title that is electronically delivered, you know that is the next stage of this business. And whether that be through a computer, to a media center PC that is attached to the television, or satellite system of some sort, or an IP based television, that is something we are aggressively looking at because the technology and more importantly, the market for that may not be here right now, we know that some of the things that has happened in and around the business, that it is absolutely coming, and we want to be ready for it in anticipation of what that is.
Another strong thing for us is expansion into Europe and what that may entail, either through organic expansion or through acquisitions. And really the next things that are internal to the business is you got two new game platforms coming on-line in the spring, Playstation 3 [and Revolution]. You also have, probably in the summer or fall time frame, HD DVD, which is whole new world for us in respect to DVD and its technology. So, those products as we see them are going to be strong for us going into, which they are released and we will want to stay on top of those. So, that's kinda of a laundry list of things we are working on and we are striving for the next 12-18 months.
Do you have any closing comments?
I think the biggest thing is to reiterate that GameZnFlix is no longer a startup business. Everything is in place for us to grow. We are adequately funded. Our internal infrastructure, both from capacity to shipping and receive is in great working order. Our IT infrastructure is at a point in time where we have more bandwidth and more capability especially with things we will be viewing at the website, from que one, is better than we have been with respect to web operatons. Marketing is qued up and ready to go. Our relationship with Circuit City and other relationships we are working on with marketing partners. Website sponsorships and other programs that we are looking at to help grow members, we are very excited about. Everything in essence, is ready for us to take off. We are retaining members better than ever before. We are growing at a rate better than we have ever before.
And it is now time to just "sit back," not necessarily sit back, that's the wrong term, but to manage the growth of the business. And we have to be very strategic The growth is managed in line with everything. the demand doesn't get ahead of supply we don't bring in an exsorbant amount of members that we can serve. Everything has to be done in line so we don't overextend ourselves. One thing about this business is that you have to be very very careful is we are constantly watching the demand. We are reordering customers are satisfied, our ship time to and from the customer are better than it has ever been. Our day one stock is better than we have ever been. We are serving the customer better than we have been because we are watching those things on a daily basis. And so if there is anything I am completely encouraged with the state of the business is just that, we are in growth mode.
And finally, is there a website where investors can go to find more information?
You can go to our website, in the about section of gameznflix.com.
I know it's 1:30 AM (PST), but I wanted to see how the European markets did with GameZnFlix.
Both Berlin and Frankfurt are up 12%. I hope this is in response to the CEO conference call yesterday with wallst.net and indication of US market performance for GZFX later today.
Time will tell, I am off to bed - see you in 4 hours!
Here's a pic of GZFX billboard - Thanks jrod from investorshub MB.
Hi Livelife,
I hope you're fine..
Take a look @ this news...:
About...u know...CBMX;
---->>>>>>>>>>>>"This has a huge market potential ...."<<<<<<<<<<<----------
by: mpetisth1
Long-Term Sentiment: Strong Buy 11/30/05 04:51 am
Msg: 21246 of 21246
"This has a huge market potential in the Asia Pacific region and we look forward to a long and fruitful relationship." ...Mr Steven Fang, Group CEO, CyGenics.
http://www.acnnewswire.net/article.asp?Art_ID=30903&lang=
...What do u think of it ?
It will run....
Good morning! Wow, that was a quick 4 hours ;)
Hi Doyle, I not sure if that news would be sufficient to push CBMX price up. You may want to consider NVAX (BTW, David Randolph is buying back NVAX after yesterday's gains) instead of CBMX. NVAX dropped from $6 to $3 recently and I have been waiting for a rebound since. I have bought NVAX several times in the past two weeks, only to sell because the "true" rebound activity was not evident.
Yesterday, it went from $3 to $3.27 (see chart) with volume support. Also, it appears Institutional/Money Managers continued to accumulate NVAX during the past month as NVAX dropped with little selling (see Lycos I-watch chart),and I may buy back NVAX to swing trade.
http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?t=NVAX&range=30&mgp=0&x=22&y=12&i=3&hdate=
As to GZFX, yesterday's CEO conference call with wallst.net is great news! 25% subscription increase only since November 1st is very timely positive announcement that a lot of GZFX holders have known and was waiting to hear announced publicly.
Both Berlin and Frankfurt markets sustained GameZnFlix's 12% gain today despite the fact that European markets are mostly down today (see charts) and this may indicate US market performance for GZFX today. I will be watching both GZFX and NVAX very closely at market open.
Good trading!
Nice daytrading NVAX.
I bought GZFX at $0.0157 - $0.0159 for the rebound.
The retracement took much lower than I thought. Some on other MBs mentioned that money managers may have pushed the price lower to buy shares at a lower price. Perhaps.
Well, back to the rebound!
Why should we "bother" with chart trends and technicals?
Many of you have asked about the RSI (Relative Strength Index) in regards to stock price.
For this newbie swing trader, my "simplified" definition is:
RSI above 70 - Stock Overbought - Time to Sell
RSI below 30 - Stock Oversold - Time to buy (for my short-term trades, I use 50)
You can find more comprehensive definition and application here:
http://www.stockcharts.com/education/IndicatorAnalysis/indic_RSI.html
I use RSI (14) in conjunction with Moving Averages. Since I am a short-term trader, I use the 10-50 MA instead of more long-term 50-200 MA. (Yes, I learned this here at 3SOF, thanks David and Terlisa! ;))
David Randolph is a strict technical trader, so he will monitor a stock's 10-50 MA and buy as the 10 MA climbs up towards 50 MA, if supported by volume and sell as 10 MA drops down towards 50 MA (Of course, he uses more in-depth technical analysis techniques/methods, but you will have to get that from David ;))
In practice, since I am a short-term swing trader (by definition, making 1-3 stock position trades within 1-3 days), I use RSI approaching above 70-80 as a signal for profit taking, unless extreme buying pressure sustains the price up (I thought perhaps this was the case with GZFX with 400-500 million share volume, but GZFX followed the chart trends and technicals, another lesson learned). As RSI drops towards 50 (not 30 because I am a short-term trader) I use this as a buy signal.
If you look at the chart below, you can see the RSI patterns with stock price up/down movement.
To see the patterns more closely, I did a one month chart (see StockCharts GZFX 1 mo)
I am basically a swing trader, so I don't mind holding stock shares overnight to benefit from any "gap" up or early market spiking gains (which is often the case with a lot of stocks), but since I can daytrade until noon PST, I will take profit if opportunity is presented, to maximize my gains.
I hope this helped and answered many questions about RSI and stock price.
Good trading!
= Update =
I added another chart with RSI (2) to show more exaggerated swing of RSI.
= Update 10:30 PST =
If you look at the intraday chart, steady climb back up. We will know in time if retracement is done and we are back on the rebound gain.
Repost from GZFX "Penny" 3SOF MB:
tommyt and ehos,
If what tommyt said about wallst.net is true, I have no way of confirming that. It is tommyt's opinion based on his/her experience and observation about the wallst.net site.
I spent 4 hours yesterday evening listening to the conference call with CEO and wallst.net (over 10 times!!!) and painstakingly transcribed the conf. call for my benefit and other 3SOF members/visitors and for those that I am teaching stock trading in person (yes, swing trading). ;)
At the request of many (newbies to stock trading and not) I started this MB to chronicle my swing trading, as I continue to learn the "art" and "techniques" of stock trading (trend, position, swing, and even day trading!). I do not have to maintain this MB nor spend time posting at other MBs (Yahoo, Raging Bull, InvestorsHub, MarketMillionaire and other 3SOF MBs). But I devote the time and energy to post for those that are trying to learn the often "challenging" aspects of stock trading (in person, by telephone and by emails). I am like them, another newbie trying to learn why stock goes up and down. That's all.
I came to 3StocksOnFire in July and became a member. I came here having lost money stock trading on my own. I came to learn and as I spent an entire month reading the various posts (of course, they weren't perfect, and they made and lost money - July-Sep is historically the bearish market of the year). I did not question the posters why they posted what they posted or why their opinions varied, I just read and took in the information I wanted and discarded information I didn't want.
The several months I spent reading, I hardly posted at all. I was "soaking" in all the information. I wasn't here for idle chat or "socializing" I was here to "seriously" learn about stock trading from those that traded effectively. Thanks to many generous 3SOF members who openly shared stock trading information and "demystified" the difficult concepts of technical analysis (Thanks David! and countless contributing members - you know who you are :D) I am now pursuing stock trading full-time and my full-time day job became part-time.
My only objective is to continue to stock trade and learn to be effective. I am certainly not perfect and I will make mistakes. And unlike most, I chronicle my trades here with transparency. I am still in learning mode, learning each day and continuing to "soak" in information. Heck, I still don't know how to short a stock (shorting GZFX and NVAX would have been nice effective trades! (I don't know if you can short penny stocks). All I know is that money is made in the market whether it is bullish or bearish. Money is made on listed blue ships (large cap), mid-cap, small-cap, micro-cap and even penny stocks! I am in pursuit of learning to effectively trade to make money on all these stocks using as many techniques and methods (even shorting and option trading in the future, I am sure) I am learning right now.
Good trading!
Here's a "bigger" retracement chart for GZFX. Below is intraday chart for Nasdaq. I am not sure if GZFX is "influenced" by tech/consumer sector, but there may be a correlation.
I will hold GZFX through the night and see what happens tomorrow. I have learned to rely more and more of my swing trading (by definition, swing traders use technical analysis) on chart trends. I will wait for retracement to end and rebound gain to resume.
Of course, if it is not, I can always sell and wait for the rebound (like NVAX did after more than 2 weeks!, Dang) and continue swing trading.
Time for lunch and I gotta get ready for work.
Good trading!
Just out of curiosity, I checked to see how the GameZnFlix closed at European markets.
What do you think? (top chart is Berlin and bottom chart is Frankfurt)
While eating lunch I noticed the 2.8 million shares at $0.0159!
I wonder who bought it?
The blue color (cyan) is coded by Scottrade as follows:
"Trade data is color coded so that it is easier to see the momentum of the trades.
* Green color = trade occurred on the Ask,
* Red color = trade occurred on the Bid,
* Cyan color = trade didn't occur on the Bid or Ask,
* Yellow color = trade broke either the High or Low for the day."
= Update =
FYI, I called the Scottrade office and they told me that even if you buy 1 million shares, your buy may be represented by several 100,000 or 200,000 or any combination of blocks.
Well, I am off to work!
Nice solid green "Ask" buys!!!
Thanks dart1961 for the chart post from InvestorsHub MB:
Date:11/30/2005 8:39:10 PM
Post #of 47719
= Move the scroll bar at bottom to see the right of the chart =
Thanks fringe_remnant for post from InvestorsHub MB:
= use the bottom scroll to view the comment on the right column =
Date:11/30/2005 4:05:33 PM
Post #of 47723
Correction: That Was a Beautiful Close
... if you believe that this is a local retracement, and know that it is healthy. If you understand the fundamentals of this play, then you are wringing your hands with glee, especially if you are a buyer.
And if you are a holder, you know the bounce will be great.
I am both today.
Good morning!
Today is the first trading day of December! Looks like many trades were closed out yesterday to finish the month of November (even David Randolph closes out his Fast 3SOF folder at the end of each month and is starting his new trades this morning for December!).
All the European market are in the green (see charts) and both FTSE and DAX are up significantly with momentum building in the latter part of the trading day!
If US market rebounds today, especially with Nasdaq, then good news for tech/consumer sector which has taken a dip the last few days. If GZFX has been trending with this sector, then it may trend up if the rebound occurs. As always, time will tell.
As to GameZnFlix, the more people I talk to, the more are expressing their inability to get the movies they want with Netflix and are willing or already have switched to GameZnFlix to give them a try or to benefit from combination movies and game rental. With 25% increase in the month of November alone, as the word spreads about and people learn of GameZnFlix, the continued increase in subscription will be a "matter of time."
Have a nice trading day everyone!
Many have asked about retracement and how low it is supposed to go.
My wife and I looked at many charts all morning and did a "rough" trendline for GZFX.
If the current price is at the trendline with RSI(14) below 50, then we should be rebounding from now.
I also did another chart (see below) with vertical lines right at the bottom of RSI(2) drops that correspond with gains. I know many have questioned the "technical" trending of stocks, but the chart looks fairly compelling.
(I didn't want to lose detail, so use the scroll on the bottom of chart to see the right of chart)
fousc, what do you think?
= update =
Am I happy to see the rebound! Well, gotta get ready for work!
BTW, market is closing up!
fousc, I see your chart at "Penny" GZFX board!
Good morning!
Here's the world/us market snapshot. The European markets are once mostly green again today, and both FTSE and DAX are up from yesterday.
If you look at the 5 day Nasdaq chart, yesterday was a nice rebound after several days of drop. Looking at the 3 mos Nasdaq chart, we are continuing with the historical Nov-Jan bullish market.
Now onto the "speculative" GZFX! ;)
As a comparison, GameZnFlix is up in both Berlin and Frankfurt market (although European and US markets don't always trade the same, most of the time, they do mirror each other).
Looking at the intraday and 5 day GZFX charts, yesterday was a welcome rebound after 3 previous days of profit taking (retracement)!
Yesterday GZFX "bottomed" at the trendline and rebounded, which was a very good indicator. If the chart trend and TA RSI indicators are reflective of today's activity, we should see continued rebound activity, supplemented with bullish European and US market gains.
Thank you livelife for your posts and analysis. Otherwise it would have been very hard to hold this the past 3 days.
Lalitha
Hi LL,
Which site did you go to find out quotes/charts on other world market (e.g. GZFX in Berlin) and how did you know that GZFX was offered at other markets and which markets?
Thanks,
Wayne
lalitha0 and rurouni, thanks for your comments.
toysrusucks provided the link from Yahoo MB for GameZnFlix being traded in the European markets. BTW, Netflix and many other stocks are also traded on the European, Asian and other world markets:
http://finance.yahoo.com/q?s=PQJ.BE
http://finance.yahoo.com/q?s=PQJ.F
rurouni, I use the Yahoo finance site to get the world market quotes.
(Yahoo > Finance > Investing > International > Indices > Europe)
http://finance.yahoo.com/intlindices?e=europe
Finally! Here's the PR for the GameZnFlix CEO interview with wallst.net. (Better late than never! If PR was released Mon-Wed, things may have been different. Still good news for GZFX) ;)
You can read my transcript of the interview here: (4th post from top)
http://www.3stocksonfire.org/trading/index.php?topic=3635.165
= Dinner time, so I don't have time to add any commentaries to the chart, so I will post back later! (I've been talking to newbies I am teaching intro to stock trading, and I am thinking about doing "Template" trading for them. I will post it this weekend. =
http://biz.yahoo.com/prnews/051201/lath027.html?.v=34
GZFX, SECU and QCOM Update the Investment Community in All-New Interviews With WallSt.net
Thursday December 1, 7:00 am ET
NEW YORK, Dec. 1 /PRNewswire/ -- On November 28, Donald Gallent, Chairman of GameZnFlix, Inc. (OTC Bulletin Board: GZFX - News) updated the investment community in an all-new, exclusive interview with Wall Street Network (www.wallst.net). Interview highlights include detailed discussions on the following topics:
* progress of Circuit City deal
* on-demand platforms
* current capitalization
* acquisition strategy
* competitive edge
* management team
* upcoming strategic and financial milestones
To hear the interview in its entirety, and to read an in-depth report on the Company, visit http://wallst.net/superstock/GZFX/gzfx.html
About Wall Street Network
Wall Street Network is owned and licensed by Wall Street Direct, Inc. All material herein was prepared by Digital Wall Street, Inc., a multimedia provider of original, insightful commentary and news from North America's leading publicly traded companies giving a direct link to the management of today's fastest-growing companies through encompassing executive interviews and sector seminars. The company provides a free service to consumers, and a paid, premium monthly subscription to its members. Digital Wall Street, Inc. has received thirty three thousand four hundred eighty dollars from GameZnFlix, Inc. for media and advertising services. Digital Wall Street, Inc. has received three hundred ninety seven thousand restricted shares of SECU from the company for media and advertising services. For a complete list of our business relationships, visit www.wallst.net/disclaimer.asp .
Contact
Nick Iyer
Digital Wall Street, Inc.
800-4-WALL ST
Source: Wall Street Network
As usual, great infos and thanks again LL.
Hi All,
I have been learning a lot of things through this great site (3SOF) and I would like to thanks all the generous traders (LL, Fousc, Richard, etc) that are willing to take the time to explain their TA.
Since I have been watching LL and a few other traders on their comments, I think I have a good picture of when to sell.
However, I am still a little grey on WHAT TO BUY (WHY THAT STOCK IS ATTRACTIVE TO YOU) and WHEN TO BUY (HOW DO YOU CALCULATE AT WHAT PRICE WOULD YOU CONSIDER THE STOCK IS REASONABLE). How would you judge a good stock?
First a stock must have a good volume trading or building. How would you determine if the price is underpriced or overpriced (P/E ratio) or would you not care since you are stricly concern only to technical indicators and patterns?
Many thanks in advance!
rurouni,
Same question has been asked by several people (newbies to stock trading) I am working with. What I decided to do was develop a "template" for them to use to check off if a particular stock meets the "criteria" for buying. I will also post stock selection process.
I will post the template tomorrow, I am rewriting the "knowledge base" to cater to mostly "newbies" and swing/trend trading, not daytrading. I am doing my first "class" tomorrow afternoon in person and I will use the "Knowledge base" posts as my lesson plan.
- John
Thanks LL,
I will look forward to it.
Sorry about the stock buying "template" and class info. Our son was sick all weekend and the class had to be cancelled. I think I am beginning to be get what he has :-\ and trying not to be sick also.
I didn't spend anytime this weekend on 3SOF or stock trading.
I will post the info on the "knowledge base" as I get a chance.
Thanks noaholiva for the comparison info below from Yahoo MB - I think people can see that GameZnFlix has a very strong "competitive" position against two "top" DVD/game renters, Netflix (DVD only) and Gamefly (games only).
With GameZnFlix's free 14 day trial, many that I know are trying GameZnFlix. So far, their experience has been good (typically receiving DVDs/games in about 2 days) and consider this "acceptable" since they had problem getting new releases and their choice of movies in their que with Netflix. Being able to rent games for their kids is a bonus, and they don't plan on spending money on new games for their kids. ;)
For long-term, I believe GameZnFlix has a good shot at increasing subcriptions significantly to be more than profittable (I am buying GZFX for my Roth IRA account to replace some of HANS). Short-term stock price gain/loss, now that's another story, and at this point I can't say, but I will have to let the market dictate that in the coming weeks.
12/04/05 10:51 pm
Msg: 74107 of 74107
for those of us who actually research,some information I have collected in the past couple of days, any comments, just email me
[email protected]from company pages
Netflix-
50,000 dvds
37 distribution centers
1 day delivery
$18 a month (3 DVDs)
Gamefly-
3,000 video games
1 distribution center
2-4 day delivery
$21.95 (3 video games)
Gameznflix-
40,000 video games and dvd's
4 distribution centers
1-4 day delivery
$16.99 a month (3 video games or DVDs)
With my family finally in bed, I started back on my GZFX research. I decided to go to the source and check out GameZnFlix website knowledge base. My findings are very "illuminating!"
Enjoy! (I posted the corresponding graphics below)
Here's the link to knowledge base: http://www.gameznflix.com/support/categorized.asp
This is a recent post (Dec 2 2005) on GameZnFlix knowledge base asking why some Circuit City stores are unaware of GameZnFlix (see "GZFX and Circuit City"):
I did not know Circuit City sent out 50,000,000 flyers out each week!!! = WOW =
http://www.gameznflix.com/support/issue_view.asp?ID=14909
I had to smile when I read this on gameznflix website asking if GameZnFlix stock price will go up (see "GZFX stock price"):
http://www.gameznflix.com/support/issue_view.asp?ID=13369
The fact that GameZnFlix responded to the this question asking for the outstanding share information is positive, in my opinion (see "GZFX outstanding shares"):
http://www.gameznflix.com/support/issue_view.asp?ID=14119
This question is regarding how shares are sold (see "GZFX new shares"):
http://www.gameznflix.com/support/issue_view.asp?ID=14778
= continued on next post =
GameZnFlix website knowledge base continued.
This is GameZnFlix "grassroot" questions where "fans" are making flyers and distributing them!!! Yes, it is true! Some people are actually doing this! Can you believe? What dedication... (see "GZFX grassroot"):
http://www.gameznflix.com/support/issue_view.asp?ID=14582&CATE=6
Here's another question on GZFX (see "GZFX stock"):
http://www.gameznflix.com/support/issue_view.asp?ID=14899
I thought this question was very good, as to GameZnFlix 40,000 titles (see "GZFX 40K titles):
http://www.gameznflix.com/support/issue_view.asp?ID=14697&CATE=6
This is regarding GameZnFlix being listed in European markets (see GZFX Europe):
http://www.gameznflix.com/support/issue_view.asp?ID=15003&CATE=6
This is very interesting. According to knowledge base, "BETA" version of "online movie download" program is READY!!! Yes! (see "GZFX Beta Movie Download"):
http://www.gameznflix.com/support/issue_view.asp?ID=14995&CATE=6
I wonder how many websites would be interested in GameZnFlix's affiliated program? (see "GZFX affiliate program"):
http://www.gameznflix.com/support/issue_view.asp?ID=19&CATE=8
Here's one website that is interested (see "GZFX affiliate program interest"):
http://www.gameznflix.com/support/issue_view.asp?ID=471&CATE=8
Another affiliate program related Q&A (see GZFX affiliate Q&A):
http://www.gameznflix.com/support/issue_view.asp?ID=20&CATE=8
Here's one stock holder speaking his mind (see "GZFX Mr Fleming"):
http://www.gameznflix.com/support/issue_view.asp?ID=14916
Here's a question regarding Circuit City national rollout (see "CC National Rollout"):
http://www.gameznflix.com/support/issue_view.asp?ID=14636
Here's the 17 Circuit City stores piloting (see "17 CC Pilot"):
http://www.gameznflix.com/support/issue_view.asp?ID=14286
Here's XBOX 360 launch and GameZnFlix "pre-releasing" the games before the console. Great going GameZnFlix! (See "GZFX XBOX 360):
http://www.gameznflix.com/support/issue_view.asp?ID=13896
Thanks coingeek for the post from Raging Bull MB:
05 Dec 2005, 09:57 AM EST
Msg. 174870 of 174920
I have been visiting the stores near me sinced Nov 1st. My visit to the CC closest to me yesterday is all I needed to convince me that I've got something here, and to wait out all of this MM baloney.
I visit these stores regularly so I can "monitor" my investment. I have had some concern in the past because initially the DVD jackets didn't seem to be moving that fast. (Of course, you never really know how much back stock they have either.)
The store I visited yesterday has two separate displays of the GZFX DVD jackets. One is located near the main aisle at the beginning of the DVD section, the other is an endcap display in the middle of the section. As I walked down the main aisle, I came upon the GZFX display and couldn't believe it. It was wiped out. HOLY CRAP! There were only a couple of DVD jackets left on this display. Just last week, this display was packed full. So I immediately went to the endcap display. It too was well depleted (however there were still a handful left here.) It is obviuos to me that these things are moving.
Next, as I always do, I singled out a salesperson to ask him about the promotion. (I do this so I can get a random sample of their knowledge.) Once again I was not disappointed. He knew the program to the T, and was pumping it to me with enthusiasm. This is exactly what my first report said I felt they needed to do. So I asked him, "do you get some kind of incentive for selling this?" He wouldn't answer me directly, but said, "Every salesperson here has be instructed to suggest it to every customer".
BINGO! That's all I needed to hear. There is no doubt in my mind CC is taking this seriously. And there is no doubt in my mind I won't be parting with my shares until I see how this unfolds - completely.
Good luck to all, whatever your position.
But as to current stock price activity, I believe what is happening is this post:
= In the spirit of the "swing trading" method, you sell and buy back more shares. You can also do this as the stock is going down in price, so when the stock rebounds, you will still have more shares. Of course, as I posted numerous times before, at any time you are "uncomfortable," holding cash is a very viable trading option and buy back when you are "comfortable again."
Thanks pagdinger3 for the post from Raging Bull MB:
05 Dec 2005, 10:01 AM EST
Msg. 174875 of 174922
Just remeber folks take profit when you can, limit your losses. No company has ever survived financing with no bottom limit to warrents. So buy on dips where you see bounces and take profit.
Thanks lta_guru for the post from Raging Bull MB:
05 Dec 2005, 10:02 AM EST
Msg. 174876 of 174927
MUST READ! THE RELEASE OF MICROSOFT CORP.'S (MSFT) Xbox 360 just two days before Thanksgiving juiced videogame rentals during that key holiday-shopping week. U.S. consumer spending on rentals shot up 44% to $24.4 million during the week ended Nov. 27, from $17 million in the prior week, according to point-of-sale research by Rentrak Corp. (RENT) Among the top Xbox 360 titles rented that week were Activision Inc.'s (ATVI) "Call of Duty 2," and Electronic Arts Inc.'s (ERTS) "Need for Speed Most Wanted" and "Madden NFL 06."
This is just my opinion.
When the last 5 days of profit taking and sell offs, all the "nervous" and "uncomfortable" sellers probably took profit or sold at loss.
Those that took profit and watched the stock price fall will buy back at some point and "hold" shares along with long-term holders until the next sell target.
= Stock price up and down is dictated by the law of "Supply and Demand." When the sellers out number the buyers, stock price goes down. When the buyers out number sellers, stock price goes up. If stock holders are not selling, "Bid" price must be continuuously increased to "entice" the holders to sell. Yes, this rule of "Supply and Demand" applies to every stock (with some exceptions merger, buyouts, etc. - and perhaps money manager/market maker influence. Penny stocks, unlike "listed stocks" (NYSE, Nasdaq, AMEX) don't need a seller to buy. Outstanding shares can be bought directly without going through a seller. - correct me if I am wrong - ;)). =
When the share price rebounds, it will bring in more buyers (who sold at loss and new buyers learning of GameZnFlix (probably through Circuit City, GameZnFlix flyers/website, internet/MB "buzz" and word of mouth).
Whether this is the case, time once again will be the judge.
Good trading!
I have just had a discussion with my wife about GZFX (buy/hold/sell).
This is just my "theory"
Let's say, if you are "in the know" group of GameZnFlix or Circuit City who have the current and future projections, and let's say the outlook is good (let's say CC is going national with GameZnFlix and about to break the news this month).
Would you want the stock to take off right now?
I believe you would want to "accumulate" as many shares before the "big climb" up after any future positive announcements that will push the share price up. I know, the outstanding shares can be bought directly, but what about the "lowly" GameZnFlix employees (the ones packing and mailing out the DVDs/games) who have to buy shares like us retail traders?
I told my wife I will give GZFX this week to show signs of rebound, it not, I will sell and wait for more rebound activity. If GZFX rebounds this week, then I will hold.
Good trading!
I am holding cash to see where GZFX goes.
I would like to see an uptrend on RSI, both (14) and (2).
When it rebounds, I will buy back.
Good morning,
I am bought back this morning at $0.0105 - $0.0107 (1.2 million shares).
Good trading!
LL,
GLTA invested in GZFX.
It's coming back up.
Gielda
I took profit at $0.012 and swing trading SPEX (Thanks David!)
I will watch for more rebound activity and buy back GZFX.
What a day for SPEX (Spherix Inc.)! Thanks again David for picking SPEX for your Fast 3SOF portfolio!!! (he already took profit, but I will swing a little longer until I see profit taking) ;)
Day #2 of spectacular gains for obvious reasons. Spherix Inc. makes Naturlose (sweetner like Splenda and Nutrasweet) which just received FDA approval for phase 3 clinical trials on Monday: http://biz.yahoo.com/prnews/051206/dctu024.html?.v=36
Here are some facts:
Nutrasweet (Aspartame) becomes unstable at high temperature and breaks down, so it is not suitable for use in products that are cooked/baked at high temperature or pasteurized.
Splenda (Sucralose) is stable at high temperature, but some of its 32 patents are expiring in 2006 and its maker, Tate & Lyle (TATYY), is facing lawsuits for "misleading" marketing.
http://www.businessweekasia.com/bwdaily/dnflash/jan2005/nf20050119_5391_db014.htm
"The US district court of Central California ruled that the Sugar Association had the right to continue its research into whether the Splenda campaign is deceptive with its slogan, "made from sugar, so it tastes like sugar", misleading consumers into thinking the artificial sweetener was "natural".
If the industry body does – as it is sure it will – find proof of deceptive advertising it will no doubt seek corrective advertising from McNeil Nutritionals or some sort of apology from the firm saying it has mislead the American consumer."
http://www.foodnavigator-usa.com/news/news-ng.asp?n=59605-splenda-to-sweeten
Here's more info on Splenda and Tate & Lyle:
http://www.mercola.com/2005/may/11/splenda_competition.htm
"Trouble for Tate & Lyle?
Tate & Lyle, the UK-based makers of Splenda, may have good reason to be concerned about the future of its artificial sweetener. Why? There's been a buzz around the business press that the exclusive patents on Splenda may be expiring as soon as 2006.
Currently, Tate & Lyle own 32 different patents (from commercial blends and products to processing) on Splenda.
What's more, investment bank Goldman Sachs downgraded Tate & Lyle to 'underperform' from neutral, and have suggested that the artificial sweetener will face competition from alternatives soon, heralding lower costs for food and beverage makers as sucralose makers compete for market share. Analysts say the pressure of generics is creeping up on the firm." More on link
And Naturlose from Spherix is one of the alternatives! This is from Naturlose website:
http://www.naturlose.com/naturlose-what.htm
"What is NATURLOSE?
Naturlose is our brand name for tagatose, a naturally occurring ketose that is found in some dairy products and other foods. We have patented the use of it as a low-calorie, full-bulk sweetener, and also the process to make it starting from whey, a dairy by-product. Naturlose has been determined to be a Generally Recognized As Safe (GRAS) substance in the U.S., with the FDA permitting its use in foods and beverages. Naturlose has also been determined GRAS for use in cosmetics and toothpastes, and in drugs.
Naturlose can currently be used as a sweetener in toothpaste, mouthwash, and other cosmetics, and can also be used as an excipient (non-active ingredient) in over-the-counter and prescription medications." More on link.
Here's more info on Naturlose:
http://www.naturlose.com/naturlose-what.htm
http://www.spherixinc.com
And here is Spherix Inc. website:
http://www.spherixinc.com/
http://biz.yahoo.com/ap/051207/spherix_mover.html?.v=1
Spherix Up on Plans for Clinical Trial
Wednesday December 7, 3:53 pm ET
Spherix Shares Up After FDA Says Co. Qualified to Begin Late-Stage Clinical Trials for Naturlose
BELTSVILLE, Md. (AP) -- Shares of Spherix Inc. jumped Wednesday to a new 52-week high after the provider of biotech and information technology services said that the Food and Drug Administration told the company it was qualified to begin late-stage clinical trials for a sugar aimed at diabetics.
Spherix shares rose $1.40, or 37 percent, to $5.15 in afternoon trading on the Nasdaq at more than 100 times their average volume. Shares hit a new 52-week high of $5.85, surpassing the old one of $3.95 set last December, after sliding to a recent 52-week low of $1.19. Company shares are up 59 percent on the year so far.
The company said that the FDA reviewed data from its early and mid-stage clinical trials for Naturlose, the brand name for the low-calorie natural sugar tagatose. The Phase III clinical trial would study the use of Naturlose in patients with Type 2 diabetes, or adult-onset diabetes where the body does not properly use insulin and produces low levels of the hormone.
With a successful Phase III trial, the company said it would submit an application to the FDA to market the sweetener.
Tate & Lyle (sole manufacturer of SPLENDA® Sucralose) is traded in the US as TATYY.PK and in London as TATE.L.
http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh20138_2005-12-08_08-51-35_kla831981_newsml
Thu Dec 8, 2005 03:51 AM ET
LONDON, Dec 8 (Reuters)
Tate & Lyle (TATE.L: Quote, Profile, Research) was another weak spot, shedding 1.5 percent as Morgan Stanley started coverage of the sugar and sweeteners firm with an "underweight" rating, dealers said.
The stock was also depressed by an announcement that its finance director had slashed his holding in the company."
I wonder why?
Good morning!
With SPEX jumping from $1.27 to $4.92 in two day, I do not believe the stock is "trendable" for the moment - I still posted a chart below anyways.
For this swing trader, the question is when will the long-term holders who bought below $1.50 and new buyers who bought at $2.00 - $4.00+ take profit? As the news of SPEX with FDA Phase III approval for Naturlose (possibly next high temperature sweetner like Splenda) spreads, more buyers may drive the price even higher short-term (yesterday's late afternoon dip may indicate daytraders closing out their trades).
I will wait for signs of profit taking and sell when it happens.
As to GZFX, Wednesday's gain turned the RSI (14) up and rebound should continue as RSI approaches 70-80 (that would be my next sell/exit point).
Here's Lycos I-watch activity (week) for SPEX
http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?t=SPEX&range=7&mgp=0&x=10&y=9&hdate=&hdate=
Thanks setravis! Here's link to more SPEX TA charts:
http://www.3stocksonfire.org/trading/index.php?topic=3911.0
http://www.spherixinc.com/news.html
Wild day for SPEX! After two days of spectacular gains, profit taking.
As for GZFX, rebound activity wasn't evident, but the loss was small - $0.0004 3.24%
I will wait for more definite rebound activity to buy back.
I would say watch for a break of the descending triangle, with support at 4.40 - not that this was the level of resistance for the small ascending triangle during the breakout on wednesday too (circled).
if it breaks downward, it will probably go below $4. Upside potential is easily back up to the 5's. That iis when we will know if this stock is beginning to become trendable.
Thanks Scottish Trader! This newbie is still learning the art of "chart trending." ;)
Quote from: LiveLife on December 05, 2005, 03:15:55 AM
Sorry about the stock buying "template" and class info. Our son was sick all weekend and the class had to be cancelled. I think I am beginning to be get what he has :-\ and trying not to be sick also.
I didn't spend anytime this weekend on 3SOF or stock trading.
I will post the info on the "knowledge base" as I get a chance.
As to what I quoted above, my entire family (including me) has been sick all week and I have been slowly working on the new "knowledge base" and "stock trading template."
For those that are not familiar with the start of this swing trading MB thread and the basics to stock trading knowledge base MB thread, I am a newbie stock trader since July of this year who came to 3SOF losing money stock trading. With the information I have learned since coming to 3SOF, a community based forum for individual retail stock traders like us, I have gone part-time with my work and stock trade full-time now.
http://www.3stocksonfire.org/trading/index.php?topic=3635.0
Why am I doing this? I have gotten numerous emails from new and not so new stock traders who have yet to make money stock trading or worse yet, lost money stock trading. I have been sharing what has worked for me stock trading with traders in person, by phone and emails. I am still learning each day to be a more effective stock trader, and I have started this swing trading MB thread (1-3 stocks traded within 1-3 days by definition) for these new and not so new stock traders who wants to be more effective stock trading.
I am supporting a new group of people who are brand new to stock trading who do not have enough money to daytrade ($25,000 minimum for Scottrade). For this group and many who have emailed me with the same stock trading restrictions, I have completely "revised" my approach to this and the knowledge base MB thread.
Swing trading can be an effective stock trading tool for new stock traders and not so new stock traders. My renewed goal of this and the knowledge base MB thread is to provide the stock trading basics to these groups of "newbies" to stock trading and swing trading to be more effective stock traders and avoid the common mistakes that are often made by stock traders (of all types) that lead to losing money.
I will cover my swing trading template on the next post.
Ok, finally, here is the swing trading stock buy/hold/sell template I have devised. This was created in response to countless requests/emails asking me when they should buy/hold/sell certain stocks.
= Please, use this as a guideline only and always do your own research prior to making stock buy/hold/sell decisions! =
For those that are new to stock trading I am supporting, this has helped them make "practice" buy/hold/sell decisions. For those of you that are not new to stock trading, this template can be used to "double check" your buy/hold/sell decisions. - another tools of the trade - BTW, you are free to copy, paste and distribute this template! Enjoy!
So, how do you use it?
1) Since swing trading is done short-term, I use 3 month chart. You can use 6 month or 1 year chart if you prefer. I use "free" SharpCharts at StockCharts.com (you can use other website charts, but make sure the indicator settings are the same - RSI (14), Moving Averages 10/50 etc.): = for some reason, the entire chart link won't post, so copy and paste the url or make sure you change all the indicators to match the sample chart below =
http://stockcharts.com/def/servlet/SC.web?c=GZFX,uu[l,a]daclyyay[db][pb10!b50][vc60][iLb14!La12,26,9]&pref=G
2) Look at the chart and "circle" the applicable indicators in the buy/hold/sell columns. If majority of the circles are in the buy column, then indicators favor a "buy" If majority of the circles are in the hold or sell column, then indicators favor "hold" or "sell" - simple enough?
3) Practice looking at charts of other stocks and "test" when you should have bought and sold (Yes, swing trading emphasizes "profit taking" on gains!!! You MUST take profit and buy back on dip more shares or buy some other stock(s) for maximizing your gains!) ;)
4) Keep learning from your mistakes and DO NOT repeat them. Approach each trading day as "brand new." At any point, if you are uncomfortable about your position, sell and hold cash! Holding cash is an excellent stock trading option when you are uncertain.
5) Live Life! (I will resume my "revised" stock trading basics knowledge base as soon as I get a chance).
= Update, I revised the template, I hope this will work better =
= Update = I revised the 10/50 MA row.
LL,
It may interest you.
Check it out EEEI. There was a huge news AH.
http://biz.yahoo.com/prnews/051208/nyth143.html?.v=29
Electro Energy Inc. Receives Substantial Purchase Order From EaglePicher Technologies, LLC
Thursday December 8, 4:15 pm ET
DANBURY, Conn., Dec. 8 /PRNewswire-FirstCall/ -- Electro Energy Inc. (Nasdaq: EEEI - News), a leading provider of advanced battery technologies and associated systems, today announced a contract award for the manufacture of nickel sintered plaque for batteries to be produced by EaglePicher Technologies, LLC (EaglePicher). This purchase order is released under the long-term supply agreement between Mobile Energy Products, Inc. (Electro Energy's wholly-owned subsidiary operating in Colorado Springs) and EaglePicher.
ADVERTISEMENT
Martin G. Klein, Electro Energy's Chairman and CEO, said, "We have remained confident that orders under our supply agreement with EaglePicher would rebound. Shipments under this purchase order scheduled for Q1 2006 will exceed prior-year same-quarter revenues generated under the long-term supply agreement with EaglePicher by 337%."
The contract will require EEEI to fabricate the nickel sintered product using its heritage processes and procedures. This product is used exclusively in the highly reliable EaglePicher nickel-hydrogen battery cells. EaglePicher is considered the largest supplier of nickel-hydrogen cells and batteries used in various space applications.
The Colorado Springs facility has been manufacturing nickel sintered plaque for advanced nickel-cadmium and nickel-hydrogen batteries for many years. The operation is capable of making two types, slurry sintered nickel and dry sintered nickel, which are considered the standards for nickel electrode technology in both terrestrial and space applications. Electro Energy's subsidiary, Mobile Energy Products, Inc., has designed and manufactured batteries and cells for over 60 different government and commercial satellites programs.
About Electro Energy Inc.
Electro Energy Inc., headquartered in Danbury, Connecticut, was founded in 1992 to develop, manufacture and commercialize high-powered, rechargeable bipolar nickel-metal hydride batteries for use in a wide range of applications. Its Colorado Springs operation supplies aerospace-grade high quality nickel cadmium batteries and components for satellites, aircraft and other specialty applications. Electro Energy Inc. is developing high power lithium rechargeable batteries utilizing the Company's proprietary design. In May, EEEI announced plans to acquire significant manufacturing assets near Gainesville, Fla., by the end of 2005 to accelerate commercialization of its battery technology.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the companies, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include, among other things, the following: general economic and business conditions; competition; unexpected changes in technologies and technological advances; ability to commercialize and manufacture products; results of experimental studies; research and development activities; changes in, or failure to comply with, governmental regulations; and the ability to obtain adequate financing in the future. This information is qualified in its entirety by cautionary statements and risk factors disclosure contained in certain of Electro Energy Inc.'s Securities and Exchange Commission filings available at http://www.sec.gov.
Pursuant to a December 1, 2004 agreement, Consulting For Strategic Growth I, Ltd. ("CFSG") provides Electro Energy with consulting, business advisory, investor relations, public relations and corporate development services, for which CFSG receives a fixed monthly fee for the duration of the agreement. Independent of CFSG's receipt of cash compensation from Electro Energy, CFSG may choose to purchase the common stock of Electro Energy and thereafter sell those shares at any time it deems appropriate to do so.
CONTACTS:
Audra J. Mace Stanley Wunderlich
Chief Financial Officer Consulting for Strategic Growth
Tel: (203) 797-2699 Tel: (800) 625-2236
Fax: (203) 797-2697 Fax: (212) 337-8089
E-mail:
[email protected] E-mail:
[email protected]Source: Electro Energy Inc.
(http://chart.mine.nu/chart?ticker=EEEI&m_start=3&y_start=2005&filter=13)
(http://chart.mine.nu/chart?ticker=EEEI&w&m_start=1&y_start=2002&filter=5)
GLTA,
Gielda
I hope to get in in the pre-market. Should be a good one.
Look at After Hours:
http://quotes.nasdaq.com/quote.dll?mode=frameset&kind=&symbol=VPHM&symbol=NVAX&symbol=EEEI&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&selected=EEEI&FormType=&mkttype=AFTER&pathname=&page=afterhours
After Hours Trade Reporting Thursday December 8
After Hours
Last: $4.30 After Hours
Best Bid: N/A After Hours
High: $5.10
After Hours
Volume: 81,848 After Hours
Best Ask: N/A After Hours
Low: $3.92
After Hours
Time (ET) After Hours
Price After Hours
Share Volume
18.23 $ 4.30 300
18.21 $ 4.30 100
18.13 $ 4.30 500
18.07 $ 4.30 748
18.07 $ 4.30 1000
17.53 $ 4.30 992
17.39 $ 4.30 292
17.39 $ 4.30 100
17.39 $ 4.30 608
17.30 $ 4.30 100
17.30 $ 4.30 392
17.30 $ 4.30 100
17.30 $ 4.30 500
17.29 $ 4.30 100
17.29 $ 4.30 100
17.29 $ 4.30 200
17.17 $ 4.31 100
17.17 $ 4.31 100
17.08 $ 4.31 492
17.08 $ 4.30 500
17.08 $ 4.30 3600
17.01 $ 4.27 200
17.00 $ 4.27 300
16.56 $ 4.35 100
16.56 $ 4.33 450
16.56 $ 4.48 100
16.56 $ 4.32 200
16.56 $ 4.32 592
16.56 $ 4.32 200
16.56 $ 4.57 100
16.56 $ 4.46 100
16.56 $ 4.46 100
16.51 $ 4.58 700
16.51 $ 4.59 100
16.51 $ 4.45 500
16.49 $ 4.40 4000
16.47 $ 4.40 910
16.47 $ 4.40 200
16.47 $ 4.40 1000
16.47 $ 4.40 300
16.46 $ 4.40 900
16.46 $ 4.40 300
16.46 $ 4.50 100
16.46 $ 4.50 100
16.46 $ 4.50 300
16.45 $ 4.40 400
16.45 $ 4.40 100
16.45 $ 4.40 800
16.45 $ 4.40 200
16.45 $ 4.40 500
Next
GLTA,
Gielda
gielda2003, perfect "test" for the template! ;)
gielda2003, also, I have to maintain the focus of this MB thread for swing traders who cannot daytrade. I will keep this in mind as I post this point on. This also means this MB thread will look at stocks that are more appropriate for swing trading, not stocks that can be quickly daytraded for quick gains (which I have been doing in addiiton to swing trading).
As to EEEI, of course time will tell, but I would be more inclined to find another entry point when more "BUY" indicators are present.
Hi LL,
I totally agree with the template, cool tool.
In case of EEEI it will go up on the news - check the past news and chart corelation. Also AH trading indicate the raise in the pps.
Thanks for your input.
One more time - cool template :)
GLTY,
Gielda
Thanks gielda2003!
I hope the template benefits the 3SOF members and visitors in making money instead of losing money stock trading!
Good trading!
Template history/instructions on page 15, 12th post from top
= I just revised the template, hope this will be better =
= Update = I revised the 10/50 MA indicator row.
Dang, I thought I was feeling better than the rest of my family, but I am not over the "flu" yet. >:( and with naps I have been taking, my sleep pattern is all messed up!
Well, if I can't sleep, I will do some posting.
I have started to apply the template to other stocks I have traded recently and currently trading.
NVAX recently gained from $1.50 to $6 and dipped $6 to $3. Many asked when or if they should buy back NVAX. When RSI dipped below 50, it finally rebounded. Below are current template and chart.
If you look at the two vertical red lines, they correspond to the "buy" indicators (red ovals) of the template. The blue ovals represent the current "hold" indicators.
Here's the template applied to GZFX.
With recent spiking gains, I do not know if SPEX is trendable still, but I applied the template.
HI LL,
I APPLAUD AND THANK YOU FOR THE TEMPLATE!! I know this template will be a good tool for me to use and follow.
Wayne
Thank you rurouni,
Here are charts and templates for NVAX and GZFX.
Will be holding NVAX and GZFX and sell as RSI approaches 70-80.
Hey LiveLife, thanks for showing us how the swing trading is done, your templates is awsome! :)
Good morning!
I haven't done much posting due to my family and myself still being sick this past weekend (I spent the entire weekend in bed). :(
Those that are new to stock trading, you can use the stock trading template and continue "practicing" with historical (3-6 month) charts and "test" where your buy/sell points should have been.
You can use stockcharts.com or other websites for free TA charts: (for some reason, the entire url won't post, so copy and paste the url into the address bar)
http://stockcharts.com/def/servlet/SC.web?c=GZFX,uu[l,a]daclyyay[db][pb10!b50][vc60][iLb14!La12,26,9]&pref=G
Good trading!
Good evening!
Nice gain day for GZFX. $0.0017 (13.49%) gain is great!
An "even break" for NVAX, but $0.02 gain after hour trading. As RSI approaches 70-80, it should indicate a "sell" signal.
GZFX is once again the "buzz" on MBs. Is this indicating "buy interest" seen last month?
Nice day of gain for NVAX and GZFX. As NVAX RSI is approaching 70, need to start looking out for profit taking.
Hello Live Life, very interesting your template. I have a question for you: You mention 2 RSI in the template. By default My chart program uses RSI(14). Which is the another? Or is just one is for the value and other is for the trend, but the indicator is the same???
Thanks!!!!!!!
Nica33
nica33, thanks for your comments.
Yes, the two RSI indicators are the same (one for value and the other for trend) - I will make the change in the template (see below).
I have found that RSI (14) has been a good "early" indicator of stock price movement, compared to 10 MA, which I have found to be a "late" indicator, although consistent also. That's why I modified my template twice (I am thinking about modifying the 10 MA comments even more or even using a "narrower range" MA).
Since this MB is gearing up for newbies to stock trading, I am simplifying RSI rule to 30-50 with rebounding or rising RSI (14) as "BUY" and 70-80+ with falling RSI (14) as "SELL" indicators. It is working for me so far, so I will continue using it. :D
As to the stock trading template, my initial "testing" has been going very well with NVAX, GZFX, SPEX and other stocks in "forecasting" short-term stock price movements of less than one week (or I am getting lucky).
Time will tell as to how consistent the template will be. So far, those new to stock trading has received the template very well in setting their buy/hold/sell points and found it to be relatively easy to use, which was the primary objective of the template - to give newbies some guidelines to follow instead of chasing stock prices up and down.
As I stated in the beginning of this MB, as a newbie swing trader, I will continue to learn and "evolve" to be more and more effective as a swing trader to benefit this 3SOF community of members and visitors and consolidate the learning in the "knowledge base" for others to learn from - "Teaching a trader to fish"
Profit taking for NVAX and GZFX.
Hi Live Life, Thanks for the answer. You wrote that maybe the 10 MA could be a little late. I've been using MA 5,20 and it works fine for me. Of course it depends of the time frame that each person uses for the trades.
Bye, :) ;D
nica33, yes, I am thinking about "tightening" the MA. I found that MA less than 5 days just becomes a duplicate of current price.
I am looking at HOM (see chart below) to swing trade next. RSI (14) hit 30 and rebounding.
SPEX (see second chart below) is also rebounding, and may be a good stock to hold brieftly for it to hit RSI of 70-80 again.
Bought SPEX this morning for my "brief" swing trading. I will sell as RSI gets above 70-80.
TIII is also rebounding as well to consider for swing trading.
Man, looking at SPEX chart it really looks like a book example of G-pattern.
I'm afraid to get in now but tempted.
OneStockMind,
I was wondering what was driving the rebound of SPEX to spike this morning. Apparently European Union approved Spherix's tagatose (Naturlose) to be used as an artificial sweetner (like Splenda and Nutrasweet). When such news affects stock prices, stock no longer becomes trendable. So for this MB thread, SPEX must be treated as a "speculative" play only for now.
http://finance.yahoo.com/q?s=spex
Now, back to swing trading. As to HOM and TIII, nice rebounding gains.
I have been looking at redoing the 10/50 MA with 5/20 MA, but I am not sure if it can be used as an effective short-term swing trading indicator. I am going to take more time looking into it. Any comments?
FYI ... What do you think? I have seen this at work at Yahoo and Raging Bull MBs.
Thanks elexir16 for the link from Yahoo MB:
12/15/05 08:22 pm
Msg: 103410 of 103445
Bashers' Hidden Agenda. (8th paragraph down on article)
http://www.advancedsmallbusiness.org/positionpaper.htm
How They Operate
The criminals are short-selling bashers, and illegal stock manipulators, who repeatedly post outrageous known lies or distorted half-truths with a dogged determination and single-minded purpose – use any means possible to drive the stock price down.
In the small and micro cap market, most increases in value to a stock occur when more people buy more shares. Any such occurrence will automatically result in relentless postings that the company is a pump and dump scheme. The bashers will post as many as a dozen posts at a time under multiple aliases in order to dominate a chat board. On some message boards that give you the option, they continuously post under multiple aliases with a strong sell sentiment, even if they may only post about the weather or some other nonsense post, so that a person visiting that chat board would see an overwhelming majority of the posts and posters with a strong sell sentiment. They disparage the company's products, employees, management, business plans, and anything else about the company so they can create serious doubt about the company in the minds of investors and potential investors. They post their opinions but make them appear to be facts. They make very slanted interpretations of anything the company does as if they were giving an expert analysis, with their conclusions always being the most negative they can be. When the company issues a positive press release, they state that the press release is all hype, released only to increase the stock price. If an insider makes a sale or exercises an option, they post false claims that management is dumping the stock because it is getting ready to drop. They ask questions about the company and its products such as: "What studies have they done to prove that their products are safe?" and "What's to say that their products don't cause cancer?" and "Don't you think that the SEC should look into the way this company does business?" All comments made are negative or are cleverly and carefully worded posts intended to damage the company, by either giving people the idea that the company's products are unsafe or cause cancer, that the company's management is incompetent or dishonest, or to make people think that the company is doing something illegal and needs to be investigated by the SEC.
Honest investors, who happen upon the board, will often get buyers remorse from seeing an overwhelming negative sentiment and immediately "panic sell" the stock, which creates additional downward pressure and serves the criminal campaign well. Occasionally, an investor will attempt to say something positive about the company, but the resulting attacks on them will be vicious, thereby hurting their confidence in their investment decision and causing them to promptly abandon the board and usually the stock altogether. They simply do not realize that the bashers are on the board 24 by 7 because that is their job. That is how they earn their living. ...More on link
Hey LL,
I agree with you. Nowadays, bashers >:D are a common pest on the MB's like Yahoo and Raging Bull. They have a hidden agenda to get the pps down and to create chaos. But I would say the pumpers are guilty as well. You can see the Pump and Dump actions way too often. As you can see, more and more posters become suspicious so they stop exchanging information with other posters (especially newbies).
This MB (3StocksOnFire) is different. I don't see much pumping or bashing. Especially for a new investors/traders this MB is very usefull. :)
I applaud your work and encourage you to continue sharing your knowledge with all of us.
Your stuff is really great. ;)
GLTY,
Gielda
Great stuff live life
good resource for all
GREAT INFO LL, THANKS.
I think one way we can help is that whenever we notice bashers actively posting in an MB we then should also join the MBs and post the link or quote the link http://www.advancedsmallbusiness.org/positionpaper.htm to remind the unawared of what the basher's intention is.
By the way, I notice that there is a rating under everyone's handle. What is that? How do you credit someone to boost their rating? I think I owe LL a few.
Quote from: rurouni on December 17, 2005, 03:33:57 PM
By the way, I notice that there is a rating under everyone's handle. What is that? How do you credit someone to boost their rating? I think I owe LL a few.
From the Forum Rules:
Now, about some of the Forum features:
- The «Applaud» and «Smite» features, that you can click when you are reading a post, should be used with the main goal of motivating the post author to continue good post quality. This means, that whenever you read a good post, you should vote «applaud» in order to give the author a good feedback. Every «applaud» will increase the poster Rating in +1 point, which will certainly prove the author that he is doing a nice «job» on our message board, and will encourage him to continue that way. Every «Smite» will decrease the user rating, and you should only use it when the poster is making a silly or bad job on our message board. Note: In order to protect this feature, you are only allowed to vote «applaud» or «smite» once per hour.
- The Private message feature, could be used whenever you want to send a message to a forum member, you can directly click on the online/offline link and send a message, or you can click on the nickname link and find the message option. This is an easy way of communicating with all the 3Stocks members.
Any questions about this, should be made on our HelpDesk board.
Also, we'll be changing the ratings feature from now on... Right now, we don't allow «newbie's» to vote applauds or smites. To do this, the members need to have at least 50 posts on the board.
www.3stocksonfire.org/trading/index.php?topic=2618.msg20284#msg20284
Hope it helps,
Gielda,
Hi Gielda,
Thanks for the info. That explains why I can't yet applaud. :-[
Hi rurouni,
Just 5 more posts for you ;)
GLTY,
Gielda
Good morning,
I had a relapse of my flu and haven't been able to do any posting (spent the entire weekend in bed again) >:( So I will keep it short (I got up to take my antibiotics).
HOM continues to rebound well
After 3 days of nice rebound gains, HOM took two days of loss. If you are going by the template, you should sell and buy back when more buy indicators are present.
TIII is another stock I am watching for a rebound.
SVA is bouncing off RSI 30 with strong buy indicators
Hi LL,
I applaud you for your ever dedication to this thread. I believe I owed you a few applause. Hey, welcome back and hope you feel better.
Thanks rurouni for your comments!
I think the antibiotic is finally kicking in. :D
Today was first day the doctor would let me go back to work (oh my, I got so much work backed up it's not EVEN funny!!!) :(
I will pick up where I left off as to swing trading; but as I stated in the begining, this MB thread will evolve as time goes on and try to become more and more effective with stock trading. With the MB now focused primarily at new swing traders who cannot daytrade, I will focus on stocks and trades that are better geared towards their account restrictions.
I will also make changes to the template so it will be more usable for us.
SVA continues with the rebound from RSI 30 today.
I am continuing to watch TIII for it to rebound.
Also, I am also watching NVAX to see when it may rebound. If you recall, I took profit as RSI hit 70.
Howdie LL
did you pick up some HOM on this dip? Looks to me like the dip is over, would you agree? there is a little fear in me that this monday could be a repeat of last... if so it could test the $3.80 support and that would hurt!
Comments form anyone on HOM I am holding a mixed position from the high fives and 4.60's... Using your chart it looks like a hold
happy holidays to all
cheers joe
joet,
I bought SVA after I sold HOM as I saw the RSI approach 30 and rebound.
If you look at the template and RSI, it looks like it may be bottoming and rising.
For those that are holding cash, I would recommend you wait to see more buy indicators.
For those that are holding shares, I would recommend you see what the market open will do. If it starts to fall, sell and buy back when more buy indicators are present. If it starts to gain, then hold.
As always, if you have any doubt, SELL and hold cash to minimize your loss. There are plenty of stocks that are gaining.
Hope I helped.
= update =
I posted a 1 month chart to see if we can see the trend more clearly.
= update =
Well, the 1 month chart really didn't look like it helped, so I changed the RSI (14) to RSI (2) and you can see the rise
Happy Holidays LL
Thanks for the attention on HOM... i am holding for now... yet i feel it is a toss-up which way the next .50 move will go, i think that i see a few more bullish signs than bears.
What did you do with your SVA today? Have you looked at IVAN?
Cheers
Joe
Merry Christmas to all.
joet,
Stock trading, even at best (using all the analysis and tools), in my opinion, is still "educated" gambling that can't predict 100% of stock price movements.
When I studied playing the card game Black Jack (21), using most of the techniques gave you a better than average edge, but still did not give you a 100% advantage.
With stock trading, I found that no trader will be able to "predict" 100% of the times the absolute movements of stock prices. It is my goal and goals of many other traders to have more gains than losses, so that you end up with a net gain on an ongoing basis.
Friday was mixed with SVA and TIII with losses, but with NVAX gaining. HOM was just about break even with $0.01 loss.
Many have asked the question "What will happen to the stock?"
Using chart trends and technical analysis only gives you future "extrapolation" based on "past performance". There are factors that will make a stock no longer trendable (an example is what happened to FORD on Friday - one announcement and stock drops 31%!).
Chart trend and TA looks for "repeatable" trends based on past performance of a stock. There are stocks that trend more "predictably" than others. For traders to use chart trends and TA effectively, factors must be taken into consideration to "narrow" the stocks down for trades.
As to IVAN, although RSI is below 30, the stock has not hit above 70 for almost a year and I would be cautious and wait for signs of rebounding before I buy. Like I said, chart trends and TA will only give us a future "extrapolation" of past performance. I like to swing trade with stocks that have shown "repeatable" past performance. Of course, you make your most gains from a stock that is rebounding from a good drop. Hence, stock trading is at best an "educated gambling."
As a newbie swing trader, I am continuing to learn more about stock trading on a daily basis. It is my ongoing objective to continue to develop the swing trading tool (template) and other swing trading guidelines so that new stock traders have as much of an advantage as possible and make money on an ongoing basis.
I like to compare the template to Black Jack card playing template that tells you how to play based on the presented cards of the dealer. For new players, this template will keep the card game objective and keep the emotions out of each hand. I hope the swing trading template will serve the same purpose of keeping stock trading objective and prevent new traders from losing money by making "emotional" trades by often "chasing" stocks up and down.
Take care everyone and wish you and your families the best!
Thanks for All Your Work!
Hope You Feel Better!
God Bless You & Yours Merry Christmas!
-Kendra & Bill
Good morning.
Yesterday, I was out with the in-laws who were visiting and found the market dip in the evening, ouch! There was generalized selling acrosss the board.
Perhaps, David Randolph is right when he believes that the bear market may be returning.
I am thinking about selling my positions and holding cash while I examine the market.
After yesterday's large gain, I sold MDII which I bought yesterday morning and bought SPEX back this morning. If the bearish market conditions are returning, we need to be even more careful about our trades.
Sold SPEX and bought EGHT this morning.
Market is still volatile.
Happy New Year everyone!
I am still holding EGHT, but HOM looks like it may be rebounding
What do you expect on EGHT, to late/risky to jump in?
Good evening everyone.
Wow, nice rebound day for some stocks. Both EGHT and HOM did very well.
Se7en, if a particular stock is indeed trendable (which means stock price follows chart trend/technical analysis - some stocks don't), for swing trading, buy is done as RSI (14) rebounds from 30-50 and held until RSI (14) approaches 70-80 and stock is sold.
Recently, stock market became volatile and bearish which prompted generalized sell offs. If EGHT is trendable, it should gain as RSI (14) approaches 70-80.
Those that want to speculate, GZFX is also rebounding well.
These are difficult time for stock traders and I am guessing that many are nervous and taking profit quicker than normal. I am also cautious, and taking profit earlier than usual.
So, look out for profit taking earlier than RSI (14) approaching 70-80 and I would stick to stocks with high volume in millions in the near future.
And here's GZFX. There may be earlier profit taking with GZFX as RSI (14) approaches 70.
Here's an example of a stock that is trending well. Look at rebound points off RSI (14) 30-50 (blue ovals) with corresponding price gains (blue vectors) along with MACD rising.
With RSI (14) above 70-80, I anticipate profit taking. We can monitor this stock to see what happens in the next several days.
Hi livelife. Definitely your method works very well. If it's possible, I want to hear your opinion for the technicals of 2 stocks: MRB and GROW. Thanks a lot and Happy new trading year!!!!!
;D
nica33, thanks for your comments.
MRB may be ready for profit taking as RSI (14) is approaching 70-80. As for GROW, even though it is rebounding off RSI (14) 50, I would wait for more buy indicators.
Here are examples of trending stocks. Notice the RSI rebounds with corresponding price increases until MACD peaks and begins to fall.
Also, profit taking took place before RSI hit 70-80. Perhaps with these stocks, MACD rebounding and peaking is more accurate indicator of buy/sell (entry/exit) points.
These are some of stocks that are monitored by 3SOF members, check them out and monitor them to swing trade when the buy/sell indicators are present. Thanks!
I am also watching SVA and NVAX again for rebound
And what do you think about TIII?
Good morning, I was helping a friend yesterday evening and didn't get to post.
Point of interest is GZFX. Circuit City and GameZnFlix extended their trial period to March 15 instead of ending at Jan 15 to go nationwide, which caused a panic sell off yesterday.
If you are speculating, this would be a good entry/buy point for GZFX.
EGHT should continue to gain as RSI (14) rises above 50 to 70.
I have updated the template this weekend.
10/50 MA, although it is a short-term indicator, for current market conditions and the purpose of swing trading, hasn't demonstrated to be a fast enough indicator.
I replaced 10/50 MA with 5/20 MA and it should be a better shorter-term indicator.
I couldn't post due to 3stocksonfire.org not opening. Looks like it's back up now.
Apparently, 3stocksonfire had some server problems.
Let's do some catch up. EGHT failed to gain and RSI dropped back down towards 50. Perhaps early profit taking. Will it gain back towards RSI 70?
Here's template for TIII two days ago. Keep in mind that TIII trading volume is generally not that high. I normally recommend that you focus on stocks with high volume.
AVNX may be rebounding also.
Another point of interest is ENG. Although its price was above the $5 target I use for swing trading, perhaps I may start looking at higher priced stocks for swing trading. It's recent gains were tremendous. With RSI way above 70-80, look for profit taking.
Hi livelife!!!! I like the change in the MA. It works better in the short term :D
Thanks nica33. The change in MA was recommended previously and I agree also. Just trying to develop a better tool that 3stocksonfire members and visitors can use to make money instead of losing money stock trading. ;)
I completely missed CNXT. Snooze and you lose. This is one of many reasons why you should continue to monitor the recommendations of 3stocksonfire.
Look at the volumes traded!
EGHT, AVNX rebounding activity today with CNXT continuing it's climb. According to template, TIII should continue rebounding. As indicated by RSI above 70-80, profit taking with ENG.
I didn't get much chance to do posting. Getting ready for a trip out of town this weekend.
Those speculating with GZFX, nice rebound today. Have a nice holiday weekend everyone!
If you use the template and follow the RSI (14), ENG and CNXT took profit as RSI rose above 70-80. EGHT continues its climb and AVNX gained well.
Also, notice the MACD. If MACD has peaked and declining, price may continue to fall before rebounding. If you look at MACD for EGHT and AVNX, MACD has bottomed and rebounding, and price should gain until MACD peaks.
At the beginning of this MB thread, I mentioned HANS for Roth IRA. If you look at the chart, HANS once again gained from $50 to $100. HANS went from $5 to $100 in about a year and split last fall. It may split again to repeat the cycle.
HANS makes natural soda and energy drink Monster, which has gained market share away from Red Bull energy drink.
YES, LL
I have marveled at your guts to put large amounts in one place.. HANS is doing great, i have stood by and watched all the way from the recent $65... never jumped in, RSI has been so high for so long! Similarly with Whole foods, WFMI.
Do you have any up your sleeve currently that you see this kind of growth?
One of the solid posters here at 3 stocks compared ADAM with HANS... Thoughts
I like your template, but do you have another way of looking for longer term? With the swing trade template these would have been sold long ago and missed big upside? Have you tried applying this template to ETF's or Funds?
I bought some more GMFX at .0107, today to average down my Turkey day exuberance buy at .0223!! Will see if i can come out ahead in that one. HOM is doing well for me, sold most of NVAX and am hoping for another pull back below 4.
Cheers Joe
joet, thanks for the comments.
By definition, swing trading is short-term stock trading with 1-3 stocks traded within 1-3 days using short-term technical indicators and therefore do not take into consideration of long-term indicators like company fundamentals (earning, P/E ratio, debt, cash flow, etc.). So the swing trading template won't help much for long-term stock trading.
For longer-term stock trading (more than 1 week) you can start with a "stock filter" like the one at moneycentral, Yahoo, etc. to narrow down the stocks:
http://moneycentral.msn.com/investor/finder/deluxestockscreen.aspx?query=One-Week+High-Volume+Gainers&btnQryFrm=Go
I like using the "quick and easy" filter at moneycentral because with one click of the mouse, you can choose the mostly commonly used filter parameters (volume gain intraday, week, month, etc. with 50/200 MA crosses). Using the various filter parameters such as Institutional ownership gain and 50/200 MA crosses, you can further narrow down your choices to select the stocks for long-term gain.
My theory is that if a stock gain is supported by volume increase with large interest by institutional fund managers (mutual fund managers typically buy for long term) and the stock is crossing 50 and 200 MA, it indicates a "BUY" for longer term stock trading.
Perhaps, I can work on a "long-term" stock trading template in the future. ;)
I haven't done much work on long-term stock trading, so I can't comment on ADAM, WFMI, GMFX nor applying the template to ETF's/funds.
I will work on posting other filters and tools I have used in the past for you and other 3SOF long-term traders later this week.
AVNX continuing its rebound
Nice rebound gain for EGHT today.
This is a follow up to joet and many others' request for longer-term stock trading. If you recall the "quick and easy" stock filter, AVII was on top of the list - it still is the weekly volume leader:
For this short-term swing trader, I am walking on uncharted territory here - to develop a longer-term stock trading template. Perhaps this can be a "mid-term swing trading template" :D
Here we go. (Note: If you look at AVII's chart, you will notice that I have changed the MA to 10/50 and I have increased the time frame to 6 months. This will give us a "bigger" picture for longer-term stock trading.)
So, how can we develop a template for longer-term stock trading? Bear with me, and let's struggle together with this. ;)
#1. As I stated before, I think "one week high volume gainer" is a good filter to start with.
http://moneycentral.msn.com/investor/finder/deluxestockscreen.aspx?query=One-Week+High-Volume+Gainers&btnQryFrm=Go
#2. 10/50 MA is what I learned from David Randolph. If you look at the 10/50 MA, you should buy when 10 MA (blue) bottoms and begins to cross the 50 MA (red). David normally holds as long as 10 MA stays above 50 MA.
#3. Let's use "Institutional Ownership Up Last Month" as our second filter. I will go more in detail later as to why this is significant.
http://moneycentral.msn.com/investor/finder/deluxestockscreen.aspx?query=Institutional+Ownership+Up+Last+Month&btnQryFrm=Go
Another tool I have used in the past is the "Lycos I-Watch" I have found that I-watch is not accurate, but a good guideline to use in respect to Institutional/Mutual Fund manager interest in a stock:
http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?t=AVII&range=30&mgp=0&x=10&y=13&hdate=
Light/Solid Blue indicates "buy" interests and Pink/Solid Red indicates "sell" interests.
So, if we find a volume gainer stock that has significant institutional interest, it should be a good candidate for our "mid-term" swing trading.
It's 1 AM, and way past my bed time. I will continue on with the next post.
Good night.
I ran a 6 month chart for ENG and it would have been a good mid-term stock.
I also checked about the first 20 stocks on the volume leader list and RTK looked very good. Also, there wasn't much I-watch activity for ENG and there was for RTK.
And how about ALTI from the list also?
Challenge for developing a mid-term swing trading template is to identify these stocks as they start their gain and/or rebound. It will be a learning experience for me. ;)
QuoteMy theory is that if a stock gain is supported by volume increase with large interest by institutional fund managers (mutual fund managers typically buy for long term) and the stock is crossing 50 and 200 MA, it indicates a "BUY" for longer term stock trading
LiveLife great site you have here! i think this filters you are using are pure gold....i use the same since december....this institutional ownership does really means something...but it is just monthly...it should show it weekly...but still ...i also like the intraday volume gainers...i look at the list after the market is closed then i try to trade triggers with the best stocks the next day (sure market conditions needs to be ok)....i can put them with trade triggers (ameritrade)....mostly as you know the trigger price is then when the stock breaks the high of the last day...then i buy mostly...important is to wait around 30 minutes to get a save entry....stock that triggers in the first minutes of the day are risky.... Then i can programm 3-4 stocks that might trigger the day....the risk/reward is quite good. I learned it at www.greatstockpix.com....
ket1390 :o
Thanks for the comments ket1390.
Here's another point to consider.
When I started stock trading last summer, I tried to learn trend trading. I was looking for mid to long term stocks to buy and hold.
What I kept hearing and seeing was "profit taking." What I did was to treat these profit taking price drops as "normal" price corrections and anticipated that stock prices would recover and resume their gains.
One such example was NVAX when I bought in at $2.02 and stock soon hit $6.00 with the frenzy of Avian bird flu scare. If you look at the chart you will see many such profit taking/price corrections. Like many, I just held through the profit taking price drops in the hopes that the stock price would continue to climb until it hit $10.00+.
Well, it did not happen and after a brief $6.00 hit, price dropped to $3.00. My wife kept telling me to "take profit" as the stock rose to $6.00 and I did not. I did not want to miss out on a spiking gain to $10.00. Well, my greed for gains costed me $20,000 worth of profit taking.
It was events like this that "pushed" me to become a short-term swing trader, being quick to take profit and holding cash while stock took profit taking dips and buying back more shares on the rebound or buying another stock altogether.
For longer term stock trading, I have looked at many charts this week and saw the similar profit taking price dips.
I initially considered defining mid-term stock trading as 1+ week. But looking at these profit taking price dips on the charts, I am looking at ways to anticipate such price dips so we would take profit and be holding cash while waiting resuming of price gains.
Many have commented that they don't have a problem picking good entry points (buy), but they do have problem picking exit points (sell). ;)
ket1390, yes I do realize that "monthly institutional gain" filter maybe too late of an indicator for us to profit from. And by the time stocks make the "weekly volume gainer" list, much of large gains may have already taken place.
For this "swing trading" MB thread, we need to find ways to indicate profit taking/sell points so we avoid losses and maximize gains. If you are taking profit on gains (even though small) on majority of the trades, you will be able to buy back more shares or buy another stock that is actively gaining.
I have been a "bag holder" too many times already and I HATE >:( being in that position hoping and waiting for the stock to rebound back to where I bought in. Best way to avoid being a bag holder is to not buy high on hype or greed.
The mid-term stock trading template is in early draft form and will be a work in progress for a while. It will be interesting how it turns out. :D
Good trading!
Livelife, I think you'd have to be Rainman or a Tarot card reader to predict moves like that. I feel like its simply impossible. You can't sell every single top and buy every single bottom.
LOL bjc :D,
I did the NVAX chart to make a point, not to demonstrate what we must do.
During the ride up from $2 to $6, there was much discussion on the NVAX boards (3SOF and Yahoo Finance) about entry/exit points.
After NVAX hit $2+, many that bought just above $1 took profit. After NVAX hit $3+, there was another profit taking. A lot of us began to "dream" about NVAX going to $10+ and held through $4+. That's 100% gain! But for many, including me, greed kept me from taking profit and even as stock went to $5+, I did not take profit.
When NVAX crashed from $6 to $3, RSI (14) dipped below 50. I did buy back NVAX, but was a lot more cautious and was much quicker to take any realized profit.
Looking back with more objective eyes, profit taking should have occurred at $4+ with 100% gain. More reasonable thing to do was to buy back with the profit gain and take another profit at $5+. And buy back when RSI (14) dipped below 50 on the rebound at $3+ and take profit at $4+. But I am looking back in time as an "armchair quarterback." ;)
I am kinda excited about developing a mid-term stock trading template now. It has forced me to look at indicators and company fundamentals (earnings, P/E ratio, debt, etc.) that I have pushed aside as a short-term swing trader.
The short-term swing trading template has done well to provide some guidelines for newbies to short-term swing trading. Many have expressed that the aggressive short-term stock trading is not their style and asked for another template for longer-term stock trading.
I think it will be more difficult to develop a working template for mid-term stock trading, but I love stock trading and this has given me a new project to work on! :D I believe, in time, we can fine tune a template that can be effective for mid-term stock trading (longer than 1 week).
If not, I will die trying!
Let's see if I can say in english what I think......
Live Life, I admire your dedication I feel the same in so many ways, but I don't write here a lot because my first language is spanish, and it's a little difficult for me to do it. When I start with stocks I read a O'Neil book "How to make money in stocks". I learn a lot, but I had very confused ideas because inside me I wanted to be a "swing trader" and that book is about investments (long term) ( Now I know the difference ;D ;D ;D). So I have been learning with test and error, sometimes making profits sometimes not, and the most important reading a lot. After all this. I am pretty confident that you can make decent profits with swing trading. For example, I look the list of High volume weekly gainers, which mostly refers to stocks with heavy instit. invest., choose stocks under 10 $ ( those maybe are starting their uptrend), see the chart....and wait with patiente for a pullback. And finally I had found that your template really works.!!!!!!
nica33, thanks for the comments.
In addition to HANS, I have long been a fan of AMD (all 4 of my computers at home run on AMD Athlon and Athlon64 processors :D).
AMD would have been a good candidate for longer term stock trading.
Another thing I am realizing is that for longer term stock trading, $10 cap may not be applicable since many "established" growth companies have already exceeded that stock price.
I screen for stocks under $10 for short-term swing trading with micro-small cap stocks. For mid-term stock trading, we may have to broaden the stock price (perhaps to $20-$30?) and look for micro-small-mid cap stocks.
Like I said, this is going to be a work in progress, and we have just begun.
I've been continuing to check for stocks that would have been a good candidate for mid-term stock trading. ELN would have been a nice one too.
Actually, ELN technicals look good for short-term swing trading also.
Like NVAX, GTE also showed similar SELL points especially with RSI (14) hitting above 70-80.
Look at the drop from $4 to $2 and rebound back to $4!
Also, I have traded ESLR several times in the past and would have made a good long-term stock.
= Mid-term swing trading template development update = This is what goes on in my head 24/7. ;)
This week and today, I have been reviewing my past trades and charts of stocks to see if I can find "factors" that would have allowed us to identify stocks that have had good mid-term (several weeks to months) gains.
Also, I examined the various filters and indicators I have used in the past (chart trends, technical analysis, fundamentals, stock filters, etc.).
As indicated on previous posts from earlier this week, such filters are often latent (late) indicators. Here's my proof. Check out the current "weekly high volume gainer" filter below:
http://moneycentral.msn.com/investor/finder/deluxestockscreen.aspx?query=One-Week+High-Volume+Gainers&btnQryFrm=Go
The top "weekly high volume gainer" list changes all the time based on high volume of stock shares traded and gains in price. In fact, many great stocks for mid-term stock trading will never make this list.
Why? Hmmmmmm. I know, I asked the same perplexing question.
So, this is what I have been pondering:
1. When I day trade or short-term swing trade, I scan my list of 20-40 stocks (I use current and past recommendations from David Randolph, 3SOF MBs and from other filters I use) that I like and see if which are actively gaining. The process I used to make buy/sell decisions of these stocks on day/short-term basis has become the short-term swing trading template, which over the past months has shown to be effective for trendable stocks for "normal' market conditions (I know, of course it is not 100%! ;), remember, it was only a guide?).
2. When I decided to develop a mid-term swing trading template, things got challenging. The short-term swing trading template does not reflect stock price movements of several weeks to several months accurately.
Our initial thought of using various longer range filters and expanded 10/50 MA (and 50/200 MA "golden cross" break for even longer range) will identify buy/sell (entry/exit) points for mid-term swing trades, but will not indicate "profit taking" sell points (yes, trying to be Rainman or tarrot card reader, lol :D).
But as I stated, I hate being a bag holder and taking losses. After painfully learning my lesson of not taking profit, I am now very cautious and quick to take profit.
So, how can we develop a mid-term swing trading template that can also predict short-term profit taking sell points?
3. Call me crazy, but here's my "draft" proposal for the "evolving" swing trading template:
What if we developed a working mid-term swing trading template, but to anticipate short-term profit taking selloffs, we ALSO utilized the short-term swing trading template?
This way, we can focus on mid-term stock trading (several weeks to months), but when our short-term template indicates "SELL" we can take profit and hold cash to buy back if stock continues to gain or be smiling if the stock takes a nose dive.
I posted a "rough" template below with short and mid-term templates side by side. Perhaps in the future, we can have short, mid and long-term templates.
Of course, I have not put the indicators for mid-term template. That's what we will work on next.
What do you think?
Applaud for your great work... I am waiting for the completion of the guidelines as I am going paste it on my investment wall to always remember it..
- Dhiraj
OK, I modified the draft template for short/mid-term swing trading.
This is what I have so far.
I revised and cleaned up the draft template so it is more "readable" with larger fonts.
Hello Live Life, You're doing a great job.!!!!
Let me give you a suggestion: I guess, speak about volume in "absolute" terms is "relative", since it depends largely of float and averages. Maybe if you can express it in terms of averages could be better???? For example, for short term you can use avg. daily last 2 weeks and for Long term avg. daily last month or last quarter?
In my own filters I look for stocks with at least 2 times the avg. daily for a long position.
;)
nica33 thanks for the comments. That's a nice filter criteria to use (I think I will start using that for my trades ;))
Like I said, the Mid-Term swing trading template is going to be a "work in progress" for a while. At this point, I haven't even considered the indicators that should be used. All indicators that are proper for Mid-Term swing trading should be considered and incorporated into the Mid-Term template.
I also revised the "BUY" criteria.
I bought GNBT at $1.15 this morning. Generex makes non-injectable form of insulin. Can GNBT be a mid-term/long-term stock? I will treat GNBT trade as a short-term for now, if it has longer-term legs, I will reassess my position. Thanks ven_cap_red for the link from Yahoo Finance MB:
http://www.in-pharmatechnologist.com/news/ng.asp?n=65365-generex-bentley-insulin-biotech-diabetes
"New insulin therapies – big players beware of biotech...
Kirsty Barnes
27/01/2006 - The big pharma companies may have dreamed of launching the world's first non-injectable insulin, but it has been Canadian biotech company Generex that shattered this dream, bypassing EU and US regulatory processes and launching its inhaled insulin in Ecuador last November. But do biotech companies prove a real threat?
The approval of Oral-lyn, an oral (buccal) insulin spray product, which is delivered into the mouth by the company's proprietary RapidMist system, was mainly based on the results of clinical trials in Ecuador involving only 250 Type 2 diabetics.
Oral-lyn is now available in Ecuador for Type 2 diabetics and the company hopes to soon have it approved there for Type 1 diabetes and is now conducting a six-month study in this patient population.
In addition, the firm is planning to roll Oral-lyn out in several other South American countries later this year, however, Oral-lyn's success will ultimately depend on whether it is able to receive approval and break into the more lucrative international markets.
The large-scale Phase III clinical trials required by regulators in the US, Europe, and elsewhere have not yet begun and whether Generex's product can stand up to the much tougher international standards remains to be seen." More at link.
Nice gain day for GNBT. 8.7% gain for me for the day. As you can see from the chart and template, I will be looking at short-term profit taking tomorrow as RSI (14) approaches 70.
Will it regain after profit taking?
That's the question I've been asking all day today - What indicators can we apply to predict the mid-term performance of this stock?
This would be a good opportunity to inquire and apply the various indicators to see if we can start narrowing down the choice of indicators to use for our mid-term swing trading template.
nica33, btw today's volume of 9 million was more than twice the average volume of 3.7 million.
Interestingly, GNBT did not make the "Intraday High Volume Gainer" list:
http://moneycentral.msn.com/investor/finder/deluxestockscreen.aspx?query=Intraday+High-Volume+Gainers&btnQryFrm=Go
I have been running charts on David Randolph's 3Stocks/3Pennies picks all evening. BTW, thanks David, they are great picks! :D If you haven't yet, you should check them out!
http://www.3stocksonfire.org/trading/index.php?topic=4434.0
http://www.3stocksonfire.org/trading/index.php?topic=4436.0
While looking through the charts, I realized something. If we focus on RSI (14) and MACD bottoming, we should be able to "filter" for stocks getting ready to rebound.
Then it hit me. I have always wondered why the moneycentral "quick & easy" filter contained winners AND losers:
http://moneycentral.msn.com/investor/finder/deluxestockscreen.aspx?query=One-Week+High-Volume+Losers&btnQryFrm=Go
Now I know. By running the filter for stocks that are losing, you can monitor the RSI (14) and MACD activity to determine when the stock is bottoming and will rebound. ;)
Well, it's one more thing to consider for the mid-term template.
I am calling it quits for tonight. Good night.
There's a lot of interest in GNBT with MBs buzzing with buy interest in anticipation of February 10th talk with FDA regarding Avian flu vaccine.
http://biz.yahoo.com/ap/060123/generex_bird_flu_vaccine.html?.v=1
The technical composite looks good with resistance set at $1.37. If the resistance is broken, then GNBT may continue to gain short-term.
http://quotes.barchart.com/texpert.asp?sym=gnbt
There was a lot of buying pressure this morning, so I held off profit taking. As RSI (14) is approaching 70+, I will be taking it day by day.
Also, I am considering using "stop limit sell" to execute a sell if there is a significant gain or loss.
New resistance set at $1.38 with support at $1.20.
FYI, there are some exceptions. Take a look at AVII chart with RSI (14) way above 70-80+ and price gaining!
nice job on your work long livelife, take a look at HOM the technicals look good and the fundamentals are very strong... I think HOM can pop to 6 very quickly. And perhaps you can get more detailed on the profit taking exit point... perhaps have a strategy ex. if you get 5% gain or more hold if technicals are good, but if PPS is droping to your 5% gain mark on certain techincal indicators sell. There several ways to find a good exit point I think it takes strict rules to follow and a good sense of what a gain is worth to you. I have been taking profit between the 5%-30% gain area and not looking back, of course unless the stock is shooting up faster then I can count in a 3 day period of time I will hold for a chance at a 30-50% gain but that doesnt happen often.
Thanks for the comments nullzero.
I agree. Taking specified percentage profit and not looking back will ensure that you will get out with gains instead of losses. Very good strategy. I normally lean to 10% or more, but lately, I have grown very cautious and quick to take profit, and run to the next stock that's lined up. That's why incorporating the short-term template for profit taking is essential to the mid-term to longer-term swing trading.
Also, another aspect to candle stick and chart pattern that my wife pointed out tonight is that she noticed some stocks have a pattern of gain. An example is a stock taking three or so days of gain and taking profit. It seemed so simple, but if this applies, then looking out for profit taking after the 3-4 days of gain would be prudent. ;)
As to HOM, previously, RSI (14) dipped to almost 30 before rebounding. I think volume would be the best indicator along with confirming rebound in price and RSI (14).
Hi Live Life. Like always, you're contributing a lot!!! Thanks!!!
I like your idea of watch losers stocks and wait for MACD and RSI to signal for an entry point. But it's important to look deeply how is the volume. If it's big, maybe could tell you that it's starting a downtrend and those entry points can be not enough strong. Big volume in uptrend, low volume in downtrend!!!! this is a key point for me
:)
Applaud LiveLife.
Keep up the good work :D
Thanks for the comments Jimbo and nica33.
Good point on volume. I do believe current volume vs. average volume should be one of the mid-term indicators for the template (for BUY). But keep in mind that as stocks fall, often volume increases to reflect selling activity (see HOM chart below). The drop in price is shown in red and price gains are shown in blue. We need to work on this indicator more.
Also, we should have "filtering" components as part of the mid-term swing trading template to identify stocks on the rebound from significant fall, such as "losers list" with MACD and RSI (14) signaling an entry with confirming rebound indicators.
As to GNBT, as anticipated, profit taking this morning. Support is at $1.20, so profit taking shouldn't take the price below that. What would have been even better (my backseat stock trading wife says) is to have sold yesterday above $1.30 to buy back on dip. Dang, how can I argue with that. ;)
Next, we look for rebound of GNBT and if not, look at the next stock to swing trade. :D
BTW, HOM RSI has turned up this morning. If RSI (14) continues to rise, then price gain. If you look at the chart, HOM has shown that it takes profit earlier as RSI approaches 60 instead of 70-80+.
So, how does profit taking/price correction work in practice for swing trading?
Interesting thing about profit taking/price correction is that for every share that is sold, there is a buyer who is buying that share.
Let's use GNBT as an example, so once traders who bought in below $1.00 takes profit, and new traders buy in at current price, another round of profit taking won't take place until "reasonable (10-30%+ gain)" sell targets are reached, and so is my theory. IMHO.
The whole premise of swing trading is to ride this wave of buy/sell cycles for "actively gaining" stocks (although, swing trading can work for actively losing stocks also), and to sell on profit taking/price correction and buy back more shares on dip/rebound. And so on.
Many stocks follow this pattern, as such, the definition of short-term swing trading is 1-3 stocks traded within 1-3 days. If you look at GNBT's recent gain cycles, it seems to follow this theory. Maybe my wife's observation was correct about stocks gaining in 3-4 day pattern cycles. Hmmmm. ;)
Now on the flip side of the buyers, they (we) will look for this profit taking/price correction drop in price and buy on dip in anticipation of another gain cycle. ;)
So the challenge is how do we incorporate all these into our mid-term swing trading template?
Good Morning LL,
Thank You For All Your GREAT Work Here!
My wife and I were in the Flu Swing (GNBT NVAX etc.) Trades back in Dec.
Wow what a ride! Your Stock Trading Basics have been edifying.
We go to the IBD for Long Trades and investment ideas.
TheStreet.com offers subscription services for Alan Farley with his The Daily Swing Trade
and Action Alearts from Jim Cramer. I would like to check out their Stocks under $10 & the New Breakout Stocks. Alan Farley has some good tips at his personal site link below.
We follow this board as well as BHSH and many others.
Your current volume vs. average volume theory is the Key to the Swing In Point & Out Point. Surf the Highs & Lows. First in First Out. Learn to feel your Trader Instincts and Trade on them. Having your wife with you should double your trading confirmations.
BTW did you get the new scottrade Pre-Post Market Upgrade? We have been using their
Trade-ideas to scan setups for swing trades.
Well thanks again!
-BPKC
Trade-ideas:
http://www.trade-ideas.com/
Alan Farley Swing Trading Site
http://hardrightedge.com/
Other Boards:
http://www.trade2win.com/
http://www.buyhigh.net/index.php
HOM is approaching the 5 mark... :) I think we are going to see 5 today for sure....
Update:
5 was almost accomplished today in normal trading hours ;), a strong close at 4.98. However 5 has been hit in AH. Im expecting the next few trading sessions to be very rewarding with gains :); the 5% gain today was just the start.
Thanks MoabHQ for your comments and sharing your resources!
I want to remind everyone that this MB thread was started for "newbies" to stock trading and to swing trading. Many that started stock trading were overwhelmed by the vastness of information that is "over" their heads and requested "easier to understand" introduction to stock trading basics.
My continuing objective is to keep this MB thread dedicated to simple and easy methods for those that are new to stock trading. My push for swing trading for these newbies (including this newbie ;)) is so that they minimize their losses.
I have received many emails from new traders who have yet to make a profit from their stock trading, and this is disheartening! My difficulty is to take the often complicated world of stock trading and narrow down the vastness of information and make it readily understandable and followable for new traders that I support. So far, the short-term swing trading template has been working well for them and they are reducing their stock trading losses. :D
Of course, once they establish a sound foundation of stock trading basics, they will undoubtly venture out and seek more information and resources that are available at their disposal. MoabHQ, I still use Scottrade basic service, partly as a testament to these newbies that stock trading can be done simply with minimal amount of time and resources.
My "grandiose" attempt at writing the stock trading basics "knowledge base" has taken a back seat due to my illness and my re-thinking of these newbies who can't daytrade on margin with limited time at their disposal. This has allowed me to re-draft the knowledge base contents that are much more effective and easier to understand. With the trial of the short-term swing trading template working out well, I am more eager to resume the knowledge base.
And our current project of developing an effective mid-term stock trading template is off to a good start. Thanks for all of your input! (I am always learning and seeking out things that actually work instead of just looking and sounding nice.)
3SOF has been a blessing with David and Frederick maintaining a community forum that benefits us individual stock traders. Please let them know and return the favor if this website has benefitted you.
MoabHQ, hopefully other 3SOF members and visitors will share the stock trading resources they use so we can develop an effective tool to benefit those that are just getting started with stock trading with gains instead of losses. ;)
nullzero, as to HOM, nice rebound gain today. It should continue to gain at least to RSI (14) 60 (instead of 70-80+ as indicated previously), but I would look out for profit taking at that point.
Take care everyone.
How can we apply technicals to stocks like TGB?
Volume and MACD? MA?
For HOM, as indicated by short-term template, nice gain this morning.
Bought back GNBT for rebound at $1.24.
If RSI (14) rebounds, short-term gain for GNBT.
A lot of money flowing into GNTA this morning, combined with a down market this morning.
We'll see where it goes today.
Rough day for the market. HOM still closed in the green.
Will the market bounce tomorrow?
I will be looking at more mid-term stock charts tonight.
Lifelive you have a position in HOM? Im currently still holding a position and was very pleased with the strong close even though the market was in the toilet today. Tomorrow if the market bounces, I would expect a nice gain for HOM.
nullzero, no. If HOM continues to trend, should gain until RSI (14) hits 60, then may take profit as before. Yes, nice gain for HOM this morning, but looks like the market dip took the afternoon down like many other stocks.
Would you consider buying RHEO after a huge drop on bad clinical trials data?
hi,
bought at 4.05 this morning and sold at 5.03 ;D i
knew it would be good for a morning pop. jumped out as soon as it hit 5,
maxi
Nice work rickjust. A lot of people lost money today. So, what will happen to RHEO with 1 year average of $7?
Continuing gain for HOM and rebound for GNBT.
HOM may look to profit taking as RSI (14) approaches 60 (that would be Monday) as it has around Jan 17.
Generally, stocks take profit as RSI approaches 70-80+. If HOM continues to gain past RSI 60, then look for profit taking as RSI approaches 70
Nice gains for HOM and GNBT this morning.
Current resistance for GNBT is $1.35 with support at $1.09. For HOM, it is $5.68 and $4.82.
Perhaps we can look at TGB and GNTA to formulate an indicator for mid-term growth. Short-term, These stocks are gaining due to recent good news. If the gain is sustained, then we would have to figure out why a stock would gain as RSI rises above 70-80+.
Nice gain day for HOM and GNBT. HOM did not break the resistance of $5.86 today, but stayed above the support of $4.82. New resistance is $5.64 with support at $5.24.
Intraday volume of 1.1 mil was below average volume of 1.3 mil (3 month average).
If HOM continues to trend and gain, profit taking may not occur until RSI (14) hits 70-80+. If not, look for profit taking soon.
GNBT broke the $1.35 resistance intraday and stayed above the support of $1.09. New resistance at $1.46 with support at $1.18. BTW, GNBT after hour trading is up to $1.36 and 52 week high is $1.51.
= FYI: some traders will sell as stocks test the 52 week high and buy back after the break through =
GNBT had a nice gain with large volume (6.9 mil), which was almost twice the average volume of 3.4 mil.
RSI (14) is approaching 70, so start looking out for profit taking. But as Feb 10th talk with FDA approaches, profit taking may be delayed.
As to formulating our mid-term swing trading template. Both GNTA and TGB continues to gain with RSI (14) way above 70-80+.
Will the daily volume (double the average volume) be one of the indicators?
And what about stocks like INSM? Would you consider "lining up" INSM for rebound?
And when will it rebound? When RSI (14) hits 30?
A lot of pre-market activity for GNBT. Anticipation of Feb 10th talk with FDA may drive up the price significantly.
Yesterday, resistance of $1.35 was broken. Next resistance is at $1.46 with 52 week high of $1.51.
http://quotes.barchart.com/texpert.asp?sym=gnbt
= Update = Wow, resistance broken in the first 5 minutes of market open!!!
Wow, nice gain day for GNBT. HOM fared well with a late rebound despite a generally down market day.
GNBT resistance was broken within the first 5 minutes of market open and set a new 52 week high of $1.54 and continued to gain in after hours trading to $1.61! :D New resistance is at $1.64 with support at $1.34. http://quotes.barchart.com/texpert.asp?sym=gnbt
As previously posted, as RSI is hitting 70-80, profit taking should be considered, but the anticipation of Februbary 10th talk with FDA may push the gain further. Today's volume of 11.7 mil is way over the 3 month average volume of 3.4 mil! Wow.
HOM recovered with a late rebound despite a generally down market day. Resistance of $5.64 was not broken and new resistance is set at $5.65 and support at $5.23. http://quotes.barchart.com/texpert.asp?sym=hom
Today's volume of 1.2 mil was less than 3 month average of 1.3 mil.
RSI (14) is flattening and may indicate profit taking tomorrow.
GNTA continued to gain today with nice volume, but TGB finally took profit.
And how about INSM? Nice gain today. I am looking for a little more buy indicators to show. ;)
GNBT resistance of $1.64 broken in 30 minutes!
Could today be considered as a "mini profit taking" for GNBT? There was early market open dip with quick recovery followed by morning long drop with afternoon gain.
Resistance of $1.64 was reached early and was attempted again in the afternoon's trading. New resistance is at $1.72 with support at $1.38. BTW, 52 week high of $1.54 was broken yesterday. http://quotes.barchart.com/texpert.asp?sym=gnbt
Trading volume remained high at almost 11 mil compared to 3 month average of 3.5 mil.
RSI (14) is above 70, so I must approach each trading day by day and look out for profit taking. But the anticipation for Friday's meeting with FDA may continue to push the price up.
As anticipated, looks like profit taking day for HOM.
Ok, let's look at INSM more closely. More buy indicators today. Almost bought at $2.25 this morning, but wanted to see what happened in the afternoon.
Today's trading volume of 1.7 mil is lower than 3 month average of 2.6 mil. I would like to see more increase in volume.
How about monitoring FNSR for rebound?
Good evening LL,
THanks for the posts, I did jump into INSM today at 2.25, i was never in GNBT but watched and learned... Be careful with HOM i only sold 1/3, i believe that this will hit 6+ by earnings (around feb 14) there will be a dip but i believe that if there is a significant dip it will be short lived. On the other end if it makes it over 6.25 i will take another 1/3 off and hold the last 3rd.
FNSR does not look as appealing to me... more thoughts?? SVA has more potential to rebound in my eyes, the next 2 days should confirm on your template if it is to happen need some volume there
I am excited about SMTX and NWD this week... Target for each is 2.50 range... GLTY cheers joe
Thanks for the comments joet.
That's the "neat" aspect of this world of stock trading. There are tens of thousands of stocks to trade. And you don't evern have to trade at all. If you have any concerns at any time, you can continue monitoring "on paper" or sell if you are holding shares. You should only buy any stock if you are "comfortable" with the buy. No one is holding a gun to our head to buy any stock. The decision to buy any stock or not is absolutely ours to make. ;)
You can always buy back shares or if it doesn't work out, or you can pursue another stock(s).
And that was the objective of this MB thread after all - to learn and continue to "evolve" so that we can all be more effective stock traders.
Good morning,
I've been getting ready for the trip out of town this weekend, so I will do a concise post and probably won't be able to post until late Sunday or Monday holiday.
As anticipated, profit taking for GNBT (sure looks like we are following the 3-4 day gain cycle - then rebound should return next trading day?). HOM had a small rebound, but continuing profit taking this morning. INSM and FNSR had a nice rebound also. TGB is resuming its gain while GNTA continues to sell off.
According to template, INSM looks to continue gaining until RSI approaches 70-80+ again.
Have a nice valentine's day everyone.
should I hold my GNTA?
camaaron,
If you had followed this MB thread, you would have sold GNTA as RSI hit 70-80+. Unless sell indicators move to the buy indicator column, there may be more selling before GNTA rebounds.
Good evening, just returned from our weekend trip.
Nice gain day for GNBT with HOM rebounding also. Generex meeting with FDA fueled the price gain jump. I also noticed GNBT on CNBC ticker this morning.
Gotta unpack, so I will keep this short.
Good evening,
Will GNBT resume its gain and what will happen to HOM?
Good morning,
Will GNBT rebound?. NVAX and INSM may be rebounding as well. NVAX gain may be due to PR release, so look for short-term profit taking http://finance.yahoo.com/q/h?s=NVAX Also, GNTA rebounding.
I am watching RHEO for rebound also.
If RHEO does rebound now, it may be a steady gain as RSI climbs back to 70-80+. Perhaps RHEO may be a good mid-term candidate?
=mid-term template update =
Good evening,
For the past few weeks, I've continued to look at what indicators could be used for the "mid-term" swing trading template. Believe me, it's been harder than I originally thought. I figured that if I looked hard enough, "obvious" longer-term indicators would make themselves evident. I was wrong. :(
When I thought I found an indicator that would work, I applied it to 6 month and 1 year charts. What I found was that it did not consistently "predict" the movements of stock prices on a longer term. :-\
So far, I have tried 3 month average volume versus current volume, various combinations of moving day averages, different stock filters, and numerous technical analysis tools. All with little success. ??? So, now what? Back to the drawing board? :'(
Well, I do have some good news. ;) And that's the reason for this mid-term template update. Some years ago, I started my introduction to stock trading by studying Elliott Wave Theory. Those not familiar with this stock trading theory can read more about it here: (You can see the sample pictures below)
http://www.stockcharts.com/education/MarketAnalysis/elliotwavetheory.html
As I did some review of the Elliott Wave Theory, I realized something.
1) If the short-term stock trading template represents the groupings of the smaller waves,
2) then could we develop a representation of the larger wave grouping?
3) So I kinda applied the Elliott Wave Theory concept to the 1 year chart as a test.
If you look at the two charts of NVAX below, top chart is drawn with daily stock price activity. The bottom chart is drawn with weekly stock price activity, 5/10 MA and I drew the volume separately for more clear viewing. RSI (14) and MACD remains the same.
The daily chart appears chaotic, yet the weekly chart seems to show a "broader" stock price trends. Do you see what I see? :D
I am going to spend a little more time reviewing the Elliott Wave Theory this week and weekend. I believe we may have something here. ;)
Good morning,
Back to short-term swing trading. GNBT continuing to gain, and as I posted last night, NVAX looking positive also.
Now, let's take a closer look at RHEO.
I have been watching RHEO since the "big drop" and RHEO doesn't have all the buy indicators, but is extremely oversold (RSI below 30) due to recent drop based on a single bad news. Because nothing else about this company has changed (fundamentals, balance sheet, etc.), I believe the large price drop was due to panic. If you look at the 1 year chart, RHEO has been trading in the $6-$8 range with recent gain to $12 on anticipation.
With such a large drop from $12 to $3.50, many that bought at $8+ range may hold to recover their loss and new buyers may be buying in anticipation of "normalization" of the stock price after the panic sell off (not back to $8, but perhaps to $4-$6+ range short-term?).
Because of the large drop, any increase in price and volume will improve the technical indicators (RSI, MA and MACD) and make RHEO an attractive buy.
Another point to consider is this. Institutional/Manager activity has been active for RHEO for the past month and I wonder if they even had a chance to sell. Probably not. Looking at the one week activity chart, there appears to be a lot more of buy requests than sell requests.
Lycos I-watch is not a true indicatior of institutional/fund manager activitiy, but does provide some insight into their activity.
http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?ticker=rheo
Current resistance is at $3.65 with support at $3.35. Breaking through this resistance will be significant and may lead to true "rebound" activity.
Nice rebounding day for RHEO! :D
Late in the trading day, the resistance of $3.65 was broken to $3.68 and pushed the price up in after hour trading to $3.73! 1.3 mil shares traded was more than the 3 month average volume of 1.0 mil. New resistance is at $3.84 with support at $3.32.
Lycos I-watch showed more institutional/manager buy requests today. A nice confirming indicator.
http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?ticker=rheo
As you can see from the template, if the rebound continues, RHEO may be a good mid-term stock to hold for a steady gain up.
Gain day for GNBT and NVAX.
New resistance for GNBT is at $1.71 with support at $1.49. As to NVAX, new resistance is at $4.88 with support at $4.30. Technicals are very bullish for both of the stocks, but as a short-term swing trader, I would caution that they need to be watched on a day-by-day basis as RSI levels are approaching previous profit taking points.
Has SPEX done falling?
I am doing my review of Elliott Wave Theory and technical indicators.
http://www.investopedia.com/university/technical/
http://www.investopedia.com/articles/technical/111401.asp
While reading on RSI (Relative Strength Index), I came across another definition of oversold. I believe RHEO definately qualifies as being oversold. (see definition below)
If you look at the "bad" news that caused the massive panic sell off more closely (as it's been addressed at Yahoo finance MB), it DOES NOT indicate that RHEO treatment did not work for Macular Degeneration (often called AMD or ARMD for age-related macular degeneration). http://www.allaboutvision.com/conditions/amd.htm
In fact, IT DID WORK! Here's the quote from the link: "As expected, the treated group demonstrated a positive response." The problem was that the control group also showed improvement. So the problem is with the control group, not with the RHEO treatment. http://biz.yahoo.com/bw/060203/20060203005252.html?.v=1
I anticipate a clarification PR from the company after they examine what caused the improvement in the control group. The next PR should have a signicant influence on the stock price (up if good, down if bad). ;)
Well, back to my review of Elliott Wave Theory.
Oversold - What does it Mean?
http://www.investopedia.com/terms/o/oversold.asp
A condition in which the price of an underlying asset has fallen sharply, and to a level below which its true value resides. This condition is usually a result of market overreaction or panic selling.
A situation in technical analysis where the price of an asset has fallen to such a degree - usually on high volume - that an oscillator has reached a lower bound. This is generally interpreted as a sign that the price of the asset is becoming undervalued and may represent a buying opportunity for investors.
Identifying areas where the price of an underlying asset has been unjustifiably pushed to extremely low levels is the main goal of many technical indicators such as the relative strength index, the stochastic oscillator, the moving average convergence divergence and the money flow index.
could you take a look at PXT?
nata489,
Unlike RHEO, PXT's large drop (in history of PXT) is due to "actual" hurricane losses in the range of $700+ million. The initial drop was from $25 to $13 the past few months. After last week's increase in hurricane loss estimate from $400+ mil to $700+ mil, the second drop from $13 to $4 happened. The huge loss will change company fundamentals, balance sheet, etc. http://finance.yahoo.com/q/h?s=PXT
RHEO's drop was due to one bad trial news that did not change company fundamentals.
With that said, time will be the judge. You can follow PXT's technical indicators to see if it rebounds.
Hi LL,
I am still following and enjoying your great posts. I applaud you for your dedication.
I have been reading about 2006 economic forecast and apparently a lot of sources has been saying that we will be downturning by the middle of this year through next year.
Just wondering what is your opinion about the current economic condition and what do you use to select what stock to purchase in the case of current economic condition? (E.G. the best company in the best industry, etc)
Thanks,
Wayne
Thanks rurouni (Wayne) for your comments.
Actually, it was easier for me to trade during the bear market of last summer/fall. ;)
But, like so many "investors" I used to try and anticipate the influence of the US and world markets/economy had on specific stocks. I even followed the Dow/Nasdaq/AMEX daily to see if it had affect on the stock price. I even did the "sector rotation" stock trading thing too, without much success.
That's why I've become an aggressive short-term swing stock trader. Like David, I trade technically now. No more sector rotation or long-term buy-and-hold (buy-and-hope) for me.
I will continue to trade short-term or convert to all cash if the market really turns bearish and wait for recovery. (I am sure we will all see that if/when it happens)
When the mid-term template draft demonstrates effectiveness, I will start trading longer term (weeks instead of days). Actually, I am thinking that RHEO may be my first mid-term candidate. Time will tell. ;)
= Mid-term stock trading template update =
At last, here it is! The first draft of the mid-term template!
Thank you for all of your support! (your positive emails of you making money using the template is my ultimate reward!) :D And I thank David Randolph and Frederick Ramsburg for maintaining this public forum for us! (If you benefit from this website, return the favor and donate or become a premium service member. David and Frederick quit their jobs to support this site full-time last year! They got to eat too, you know. ;))
Below is the latest "revised" swing trading template with instructions for short-term and mid-term. (For daily posting, I will use the templates only).
After examining many indicators to use for mid-term trading (more than 1 week), I have found that Elliott Wave Theory concept of using wave cycles was the key. While doing the review of the Elliott Wave Theory, I realized that the short-term template was basically focusing on the smallest of the wave cycles (see wave cycle samples below).
To get a picture of the "grand wave cycles" I increase the charting period from daily to weekly, 3 months to 1 year, 5/20 MA to 5/10 MA (but for weekly charts, 5/10 stands for longer periods). I have applied the mid-term template to various stocks and it seems to work!
Since I am a swing trader by heart, I recommend that short-term template be the primary tool to be used and mid-term template be used selectively for stocks that demonstrate longer-term gains. I am still pondering where company fundamentals (P/E ratio, earnings, etc.) should fall in, but that's for later. For now, we got something to work with.
So, we can start our trial period for the mid-term template. Feel free to use the draft mid-term template and provide feedback as to how it is working for you. I have reposted NVAX short-term and mid-term charts so you can see the difference.
Remember, that this MB thread is here to support the newbies to stock trading and traders seeking to become more effective. All of our tools are work-in-progress. The templates will continue to evolve (we are at version 6) to become more effective in time. Don't rush your trades, do your practice of running charts and become familiar with the patterns (RSI, volume and MACD rise/fall cycles specifically). A little time spent learning the charts/stock patterns will increase your probabilities of making profit stock trading. So, let's do some stock trading!!!
"Give a man a fish, you feed him for a day. Teach a man to fish, you feed him for life." ;)
Hi LL!!!!!! Great job!!!! ;)
I'm wondering if you need to fix the volume for the long term template. Since you are working with weekly chart, The vol. must be bigger (weekly) than vol. used in short term template?
nica33, thanks for the comments.
And nice catch! I forgot to multiply the volume for the weekly chart.
I went ahead and multiplied by 5 for 5 days of trading days for the week. Like I mentioned on previous posts, the templates are work in progress and we'll continue "fine tuning" them to make them more effective.
Below is revision 7 of the templates. :D
Wow, nice day for GNBT, NVAX and RHEO!
Since I am posting with Intraday, 3 months and 1 year charts with the template, I will do one stock per post (3SOF limits 4 pics per post).
GNBT had a steady climbing gain of $0.30 (18.52%) all day after a large jump up at market open and broke through the resistance of $1.71 early right at market open! 15 mil shares traded far exceeds the 3 month average volume of 3.6 mil. New resistance is at $2.13 with support at $1.61. With RSI above 70, I will be watching day-to-day for any profit taking activity. http://quotes.barchart.com/texpert.asp?sym=gnbt
= update =I will also post Lycos I-watch activities that are applicable. There was little or no Inst/Manager buy/sell activity the last week. I-watch chart below is today's buy/sell request activity.
http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?ticker=gnbt
Having said that, I also applied the mid-term template. What I realized was the volume reported on the weekly chart only shows today's volume. So I used the previous week's volume for the mid-term (we need to work on this).
I am begining to think that GNBT may have longer legs. We can add GNBT to the mid-term stock lineup during the trial period of the mid-term template draft. Time will tell. ;)
Nice gain day for NVAX.
NVAX closed up with $0.38 (8.26%) gain with 9.6 mil shares traded which is almost double the volume of 3 month average of 4 mil. The resistance of $4.88 was broken through fairly early and support was never tested. New resistance is at $5.42 with support at $4.50. http://quotes.barchart.com/texpert.asp?sym=nvax
RSI is above the previous profit taking point and I recommend taking it day-by-day for looking out for profit taking activity.
= update = I will also post applicable institution/manager buy/sell request activity on Lycos I-watch. http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?ticker=nvax
I also applied the mid-term template to NVAX, and the analyst target of $6 may be very reachable.
RHEO survives another day of gain with a late afternoon rally! ;)
RHEO gained $0.23 (6.3%) and closed at $3.88. The 1.06 mil shares traded is slight higher than the 3 months average of 1.04 mil shares. New resistance is at $4.15 with support at $3.45. With additional day of gain, the technicals are improving.
http://quotes.barchart.com/texpert.asp?sym=rheo
There was continued institution/manager buy request activity on Lycos I-watch.
http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?ticker=rheo
Well, well. PXT recovers after early morning drop.
PXT recently went from $25 to $12 to $4 on $700 million loss from the hurricanes. ($12 to $4 drop was caused by increase in loss estimates from $400 to $700+ million)
What got my attention today was the 10 mil shares traded which is way above the 3 month average of 1.2 mil shares. I am curious as to what's going to happen to PXT. $700 mil is a lot of money to lose.
Lots of sell requests by Inst/Managers today on I-watch.
http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?ticker=pxt
;D...xlive...
Everyone's been waiting for the "drive to five" since the "hype" pop. Wasn't in the last one, stacked up pretty good in the stock now though...
I've got long term shares in 3 of 5 ports I direct or control...traders in the other two. I would expect NVAX to have a fairly rough time closing and holding $5.00 this week, but Earnings PR was announced for March 1st PRE-MARKET!!! The CC will be at 10:30 same day...NVAX does NOT do this!!! If you did not listen to the webcast of the Bio Investor's Conference last week, and are serious about the stock AT ALL...I would suggest you do so. Rahul is hard to understand when he speaks normally, and is very difficult when he's excited, which he was (at least to me) during this 25 minute presentation.
He let several cats out of the bag, and hinted at several more. There is so much good news going on here I cannot fathom being out or short this stock for the next 90 days, minimum. Conservative price target for that time frame (IMHO) is $8.50...
Here's the link, have a listen...
http://www.novavax.com
Click on the microphone when you get to the homepage...
Regards vet24 ;)
retvet24,
I know, the NVAX CEO's speech is hard to listen to.
Today was a good day for Avian stocks:
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B53C9291E%2D0D9F%2D4979%2D8058%2DB537642C9240%7D&source=blq%2Fyhoo&dist=yhoo&siteid=yhoo
Here's the line up (A-Z):
AVAN 1.97, +0.13, +7.1%
BCRX 19.67, +0.60, +3.1%
GNBT 1.92, +0.30, +18.5%
HEB 3.98, +0.84, +26.8%
NVAX 4.98, +0.37, +8.0%
VICL 4.45, +0.25, +6.0%
This is why it pays to keep monitoring stocks you traded in the past.
As indicated, profit taking for GNBT and NVAX. RHEO closed unchaged.
GNBT closed down $0.05 (-2.60%) at $1.87 with 9.3 mil shares traded which is greater than the 3 month average volume of 3.8 mil shares. New resistance is at $2.01 with support at $1.73.
http://quotes.barchart.com/texpert.asp?sym=gnbt
http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?t=GNBT&range=0&mgp=0&x=8&y=11&hdate=
As indicated, profit taking for NVAX.
NVAX closed down 0.10 (-2.01%) at $4.88 with 3.6 mil shares traded which is less than the 3 month average volume of 3.9 mil shares. New resistance is at $5.18 with support at $4.58. http://quotes.barchart.com/texpert.asp?sym=nvax
RHEO remained unchaged at $3.88. Actually, RHEO dropped to $3.72, but recovered back to $3.88 in afternoon trading. 1.3 mil shares traded is more than the 3 month average volume of 1 mil shares. New resistance is at $4.19 with support at $3.57.
http://quotes.barchart.com/texpert.asp?sym=rheo
Continuing inst/manager buy requests at Lycos I-watch today.
http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?ticker=rheo
I am watching these stocks among others:
PXT GNTA CNXT
hi LL, could you give me an opinion for CNVX ...
thanks in advance!! ;)
nica33,
Price has been falling with corresponding RSI drop. Volume has also fallen to low levels and MACD is falling from positive towards negative.
If you are looking to buy, I would recommend that you wait for 5 day MA to rebound up or look for another stock with 5 day MA below 20 day MA that is rebounding like CNVX did early January.
If you are holding shares, I would recommend you sell. For this swing trader, I would cut my losses and regroup and look for other stocks. There are sooooo many other stocks in the similar price range that are actively gaining! ;)
= Mid-term swing trading template update =
I spent some more time looking at the mid-term template draft. If you look at the IOTN 1year weekly chart below, you can see that bottoming of MACD with corresponding RSI bottom works well to indicate a longer term gain cycle of 1-2 months.
GNBT closed unchanged at $1.87 after high-volume early market open profit taking with a strong recovery. 5.7 mil shares traded is higher than 3 month average of 4 mil shares. New resistance is at $2.00 with support at $1.74.
Longer term, technicals are very bullish. With Avian flu spreading and news coverage increasing, GNBT has demonstrated to be one of the leading Avian stocks in addition to the oral spray non-injectable insulin product they market. I am considering GNBT to be a longer-term hold.
NVAX recovers after morning drop. NVAX closed up 0.04 (0.82%) with 2.9 mil shares traded, which is lower than 3 month average of 3.9 shares. New resistance is at $5.27 with support at $4.55.
What will be the fate of RHEO? and how far will PXT, GNTA and CNXT go?
= Morning update =
GNBT resuming its gain and GNTA MACD hit bottom and is rising.
I sold some GNBT and holding 50/50 GNBT and GNTA.
= Update = Sold GNTA after morning gain and bought GNBT back. ;)
I will keep a close eye on GNTA still.
Wow, what an amazing day for GNBT!!! :o
GNBT blew past the $2.00 resistance early and never looked back! Gain of $0.35 (18.72%) with an amazing 19.6 mil shares traded which is almost 5 times the 3 month average volume of 4 mil shares! New resistance is at $2.61 with support at $1.69.
GNBT is gaining past RSI 70-80+ due to extreme buying pressure after a "brief" profit taking of last two days. Long term technicals look very bullish.
Ok, now to GNTA. Nice rebound early and kept the it up all day with gain of $0.18 (7.06%) and 5.3 mil shares traded which is slightly lower than 3 month average volume of 5.5 mil shares. New resistance is at $2.89 with support at $2.45.
I had bought GNTA this morning, but sold when I saw the buying pressure on GNBT (and I am glad I did). If GNTA continues to rebound, it should gain to the previous profit taking points.
NVAX resumes its gain today with $0.20 (4.07%) gain and 3.8 mil shares traded which is slightly less than 3 month average volume of 3.9 mil shares. New resistance is at $5.42 with support at $4.72.
retvet24, I also agree that INSM is worth watching for rebound.
Here's an interesting article regarding insulin delivery. Thanks meuptonada from Yahoo MB for the link.
http://www.biopharma-reporter.com/news/ng.asp?n=65898-nektar-therapeutics-novo-nordisk-insulin-device-non-injectable-insulin
"Insulin delivery devices – an industry under threat
Kirsty Barnes
17/02/2006 - The insulin delivery devices thriving in today's market will slowly be replaced as new and better technologies continue to rise from the R&D pipeline.
... Their success will inevitably be at the expense of traditional insulin device manufacturers of syringes, pens and other gadgets, who will begin to feel the pinch.
This pinch will grow stronger, as other budding biotech companies with non-injectable insulin delivery devices in the pipelines, such as, Alkermes, Generex, MannKind, and Innovata, move in for their share of the market over the next few years.
When this occurs, companies involved in all aspects of traditional injectable insulin manufacturing will suffer, right across the spectrum, from manufacturers of syringes and pens, to sharps containers. ...
... However, the new threat arising from the biotech boom, looking to eventually wipe out injectable devices altogether, is like nothing this industry has seen before, and BD and many other existing companies now involved in pen manufacturing may struggle to adapt their businesses to the new technologies. ...
... What is clear though, is that the formerly placid insulin delivery systems industry is facing a period of rapid change and the stakes are high."
Ok, there's a lot of talk and requests as to what will happen with GNBT.
As long as there are continued buying pressure and high volume, like AMD and HOM, a stock like GNBT "can" keep gaining with RSI above 70-80+ (HOM continued gain with RSI above 70-80 during July - October of 2005). If you notice, during the AMD and HOM high RSI gain period, the MACD stayed in the positive territory. GNBT MACD has remained in the positive territory during the recent gains. As long as the MACD remains positive with continued buying pressure and high volume, GNBT could gain like AMD and HOM.
Also, take a look at STX's gain as RSI was 70-80+. As such, GNBT may follow in their foot steps and temporarily become less trendable. If this happens, then we need to use the volume as our primary gauge and support our buy/hold/sell calls with technical indicators second.
A lot of requests for SIRI. If you look at the daily chart, RSI is headed back down to 30 after a short-lived rebound. MACD looks to go lower and technicals are very bearish (96% SELL) with resistance at $5.29 and support at $5.07: http://quotes.barchart.com/texpert.asp?sym=siri
I also pulled the XMSR chart because they are two major competitors in the market. Well, XMSR has already gone through two short-lived rebounds and is continuing to fall. I would be very cautious with both and look for another short-lived rebound with SIRI. If the entire sector is bearish, individual stocks in the sector may not rebound fully until the entire sector recovers.
Here's the repost of an interesting article regarding insulin delivery from the previous page. Diabetes is a significant US/global health issue with a fast-growing patient base. This is a huge market and companies like GNBT marketing an alternative to the traditional "injected insulin" delivery will certainly take a big share away from the "traditionals".
GNBT is not just an Avian play, and I believe the non-injectable oral insulin spray they market may be the reason for the recent gains in anticipation of what's addressed in the article below:
http://www.biopharma-reporter.com/news/ng.asp?n=65898-nektar-therapeutics-novo-nordisk-insulin-device-non-injectable-insulin
"Insulin delivery devices – an industry under threat
Kirsty Barnes
17/02/2006 - The insulin delivery devices thriving in today's market will slowly be replaced as new and better technologies continue to rise from the R&D pipeline.
... Their success will inevitably be at the expense of traditional insulin device manufacturers of syringes, pens and other gadgets, who will begin to feel the pinch.
This pinch will grow stronger, as other budding biotech companies with non-injectable insulin delivery devices in the pipelines, such as, Alkermes, Generex, MannKind, and Innovata, move in for their share of the market over the next few years.
When this occurs, companies involved in all aspects of traditional injectable insulin manufacturing will suffer, right across the spectrum, from manufacturers of syringes and pens, to sharps containers. ...
... However, the new threat arising from the biotech boom, looking to eventually wipe out injectable devices altogether, is like nothing this industry has seen before, and BD and many other existing companies now involved in pen manufacturing may struggle to adapt their businesses to the new technologies. ...
... What is clear though, is that the formerly placid insulin delivery systems industry is facing a period of rapid change and the stakes are high."
This is repost from Yahoo MB, thanks app814 for the post:
02/25/06 02:18 pm
Msg: 98629 of 98651
"This is their Vice President of Medical Affairs...Looks like he has some nice connections here in the states from his past work. Also, he is still a member of American Diabetes Association committees.
Dr. Bernstein, M.D., F.A.C.P. graduated from Dartmouth College and Tufts University School of Medicine. He is board certified in internal medicine (1966) and endocrinology and metabolism (1973). Dr. Bernstein is an associate clinical professor at the Albert Einstein College of Medicine in New York. He is an attending physician at Beth Israel Medical Center, and physician emeritus at Lenox Hill Hospital and Montefiore Medical Center, all in New York. He was formerly Director of the Beth Israel Health Care Systems Diabetes Management Program. Dr. Bernstein was president of the American Diabetes Association in 1998-99 and was for many years a member of the ADA's Board of Directors and its Executive Committee. He received the ADA's Banting Medal for Service in 1999. Dr. Bernstein presently serves on several ADA committees and on the Board of Directors of the American Diabetes Association Research Foundation.
And do you think this guy knows a couple people South of the border as well. Connections, connections...
Dr. Roberto Cid
Vice-President of Marketing & Sales
for Latin & South America
Dr. Roberto Cid has 30 years' experience in the international pharmaceuticals industry. He holds a Doctoral Degree in Pharmacy and Chemistry from the University of Chile and a Master of Business Administration degree from Columbia University in New York. He has also undertaken graduate studies in strategic management at Harvard Business School. Dr. Cid has held executive positions with Schering-Plough Corporation, Pfizer Inc. and Merck & Co., Inc. He served as General Manager & Regional Director of Latin America for Pfizer.
Very nice!
It could be also interesting to see what comes out of the Bird Flu summit at which they are one of only two biotech presenters.
Connections... "
Repost from Yahoo MB, thanks ronfrak for the link.
http://www.ediets.com/news/article.cfm/cmi_1148617/code_12738
Oral insulin making strides
Updated: February 25, 2006
For the first time in history, the notion that insulin cannot be given by mouth has been challenged. Generex Biotechnology reported completion of a pre-market clinical trial using a fine mist oral spray, Oral-lyn™, which allows insulin to be absorbed through the lining of the mouth. Oral-lyn™ was given as a replacement for fast-acting mealtime insulin in ten individuals with type 1 diabetes.
Results showed that over a nine-day period, subjects were able to successfully replace mealtime insulin injections with Oral-lyn™ and maintain equivalent glucose levels. In fact, a short-term marker of glucose control, fructosamine, was slightly better with the use of the oral insulin mist compared to injections. Larger studies will begin soon with the hope of eventual FDA approval on the horizon."
Company Profile 1 of 3
http://www.generex.com/fact%20sheets/cfs_12_05.pdf
2 of 3
Hi, LL
Reading your thread and learning a lot.Your "SWING TRADING TEMPLATE" IS a huge help in making design to buy, hold or sell. Thanks for that.
But I have a question:
QuoteI had bought GNAT this morning, but sold when I saw the buying pressure on GNAT (and I am glad I did). If GNAT continues to rebound, it should gain to the previous profit taking points.
Why you sold and glad you did when you saw
buying pressure - doesn't it show increased interest and ability to move price higher
QuoteGNAT continues to rebound
I didn't get it - why you sold?
Thanks in advance
lana
PS: I don't know if I post in a right place. Can I post questions to you here or should do it somewhere else?
3 of 3
lana2b, thanks for the comments.
I had PXT, GNTA and CNXT lined up as my next stocks to buy when they rebounded. When I saw that GNTA started the rebound, I sold portion of GNBT and bought GNTA on Friday market open and held 50/50 position.
The actual comments I made on Friday are:
Quote from: LiveLife on February 24, 2006, 08:20:19 PM
I had bought GNTA this morning, but sold when I saw the buying pressure on GNBT (and I am glad I did). If GNTA continues to rebound, it should gain to the previous profit taking points.
When I saw the large buying interest in GNBT (6 million shares in 2 hours!), I decided that GNBT gain may be higher than GNTA rebound gain (Yes, I made a judgement call or "gamble"). lana2b, I have been day trading/swing trading for 6 months now and calls like this gets made on the fly - I had a growing bullish longer-term feeling with GNBT and when I saw the volume take off, I acted on it.
As to GNTA, it should rebound to previous profit taking points. But as you may suspect, I believe next week, the buying pressure and interest in GNBT (Generex) will continue. If not, I will sell.
And feel free to post your questions and comments here. This MB thread is dedicated to newbies to stock trading. We all learn from each other. ;)
Thanks LL
Now I see my mistake- I thought you are talking about the same stock and it was two different
lana
Here's a comical break, thanks jackomoeski for the link.
http://mm.dfilm.com/mm2s/mm_route.php?id=2817872
http://www.paperboy.nl/show.php?PID=A36CB301-E0D6-CD7C-D88461A0B1F4AB4E
This will hit hard on the EU and US media. It will finally hit "home" and fears will be actualized. This will drive the price of Avian stocks even higher next week, IMHO.
France confirms bird flu strain
France has confirmed the deadly bird flu virus H5N1 has been found on a turkey farm in the east of the country.
It is the first time a European Union farm has been infected. France has already had cases in two wild ducks.
About 80% of more than 11,000 birds at the farm have died in the past week, and the rest have been culled.
Despite assurances that cooked poultry is safe, sales in France have fallen by 30%, and Japan has announced an import ban with immediate effect.
... more on link
http://news.bbc.co.uk/2/hi/europe/4749666.stm
Repost from Yahoo MB, thanks sirenebekim for the post.
02/25/06 08:51 pm
Msg: 98955 of 98964
"I'd like to post some of my opinions that I have gathered during my research of Generex.
...
Now to the company. Generex is currently involved in a revolutionary drug delivery system of such magnitude words cannot explain. With a possible two-thousand and five hundred different drugs to be delivered through the buccal mucosa. This is a very pivotal time in medicine, and very few people can recognize this before everyone else. Let me tell you, personally, that this is revolutionary. There are many possible scenarios that arise that could have turned out for the better if their were drugs available on-demand. With buccal drug delivery, you can get the medicine that is needed on-demand. On-demand is when the drugs can be carried with you at all times, such as an asthmatic carries his or her inhaler. There are limitless possibilities here.
The company is currently focused on next developing oral sprays for pain and blood pressure medication. These are both very large world markets. The money will not just flow, it will flood. This company with the current float will raise one dollar for every 65 million it gains in market capitol.
The first drug to be delivered buccaly will be Oral-Lynn. This delivers insulin through the buccal mucosa for diabetics that depend on insulin for daily life. This will eliminate the need for shots. It can also help prevent diabetes in patients that are young enough but do not wish to receive shots. Do parents really want to see there child go through unnecessary pain based on a chance the child may develop into further more severe diabetes? Probably not. If there was a pain free, less invasive process, they would be more than happy to use preventative therapy. Not just preventative therapy will Oral-Lynn focus, but maintenance therapy as well. The world of diabetics has been increasing dramatically and it will just continue to get worse with the daily lifestyle of todays modern citizen. McDonalds, BurgerKing, etc., all help fuel the diabetic fire. This is a prime time to capitalize on this market while helping those that currently suffer from Diabetes.
Antigen express is currently one of two companies that have pandemic volume manufacturing capabilities. The buccal delivery system also offers a great way to manufacture and package the drugs, and have them dispensed in time for a pandemic. The current threat of H5N1 has brought the medical world to alert. The virus is only two mutations from being human to human transmittable. If we can stop it while it's still bird to human, we can avoid the pandemic. A lot of investors know this already, and thats the explanation for the recent increase in share price. Continued.
02/25/06 08:52 pm
Msg: 98957 of 98965
When Generex completes the above three areas of buccal delivery, I estimate their market to be around 50 billion dollars. The world's demand in these areas is huge, and that is the reason of focus on these drugs. The fact that they can get insulin, a very large molecule drug, to be absorbed into the buccal mucosa is amazing. This is the hardest drug, as science has failed many times in the past trying to deliver it in a fashion other than shots. The most recent attempt would be exubera [by Pfizer], but that will not be on the market long since it is proven to reduce lung capacity due to the use of powder being absorbed through the lungs. Delivering the medication buccaly produces no side affects, with no taste. This is clearly monumental and will continue to bring extreme profits and revenue for this company until the 20 year world patent on their proprietary buccal drug delivery compound expires. ..."
My repost from Yahoo MB:
02/25/06 10:03 pm
Msg: 98976 of 98977
I will be honest. I will admit that I am a hard-core swing trader who will sell GNBT in a second to take profit.
However, consider this reality. If you are stock traders/investors looking for your next trade/investment, say in Bio-Tech, what will you find?
You will find many traditionals. And if you are looking for growth potential (my specialty), GNBT priced at $2 has a lot of room to gain/grow short-term/long-term compared to other Bio-Tech/Nano-Tech companies.
With recent gain performance that GNBT put, going from $0.70 to $2.22 in a relatively short time, it will get noticed. If you turn on the TV, you will see GNBT scroll by on the ticker day after day, week after week.
I see arguments about $2.22 being over-extended and time to sell. The new class of volume buyers are used to buying stocks priced $5 - $50.
And, don't forget the institutional/fund managers who are constantly on the lookout for "growth" stocks to buy. Inst/Managers been buying NVAX for almost a year!
I see growth potential for GNBT that's better than NVAX.
Like I always say, time will tell.
Just some more things to consider with GNBT...
LL,
Do you think it's gonna retrace? Is there a possible entry lower in the future?
Give us the old institutional buying graphic please. Hey, I like your work, thank you!!!! Applaud--Ship
shipman, thanks for the comments.
Ok, I will respond again to the "question of the day": Will GNBT retrace and is it too late to get in?
Technically, RSI is above 70 and GNBT should be considered "overbought", a condition that "normally" triggers a price correction. With that said, there are exceptions, which I have posted earlier (AMD, HOM, STX, etc.) where buying pressure overcomes the normal price correction and the stock continues its gain.
At this point, the stock becomes "untrendable" and as I stated before, the daily volume and buying pressure need to be the primary indicator and the technical indicators second. If the volume and price falls, sell. If the volume and price continues up, buy/hold. But take a look at the MACD. As long as it remains in the positive territory, I believe GNBT will continue to gain like AMD, HOM, STX, etc. If MACD falls into negative territory, we may look to selling.
Will there be profit taking/price corrections in the future? Of course! No stock goes up forever. There are "sawtooth-like" gains that even stocks like HANS follow, but stocks that have extreme buying pressure and volume, these price corrections are short-lived and minor as we saw on Wednesday, Thursday and Friday with GNBT (see 5 day chart). Although, many stocks get sold off on Friday afternoon as daytraders/short-term traders close their trade week to cash, so Friday's afternoon's drop needs to take this into consideration.
As to Lycos I-watch chart, GNBT past price of sub-$1 was too low for many institutional managers to consider (many funds have strict stock price restrictions). Other private fund managers may have bought GNBT at lower prices, but if you look at the chart, the 52 week high was at $1.51. As I stated before, many sell as stock approaches the 52 week high, in fear that the stock may not breakthrough (you will see the red "sell" requests on the I-watch chart to correspond with this). Since the breakthrough of the 52 week high at $1.51, GNBT has been setting new 52 week highs on a weekly, sometimes, daily basis.
Like NVAX's $1 to $6, as GNBT continues the climb up, I believe the perspective of the buyers will change from thinking $2 as the top to $2 being a low price to gain to $5+.
Will there be a possible lower entry in the future? I believe what will happen on Monday's market open is that those wanting to sell will sell early, driving the price of GNBT down, unless there is a gap up open that is significant. After this early sell off, I believe GNBT will resume its gain up, especially if the volume activity we saw on Friday continues.
Remember this. There were 19 million shares bought on Friday alone at price close to $2 and $2+. Many bought their shares at $1.50+. What are their sell targets? For some reason, the $5 target keeps popping up at Yahoo finance MB. I am guessing, but I believe the $5 target is achievable short-term with some profit taking/correction along the way. Will it happen? Time will tell. Will GNBT go higher? I am not a fortune teller, I am just a swing trader.
= Update = I also posted the Yahoo finance Major Holders for GNBT as a baseline. As you can see, I-watch buy/sell activity is probably due to private fund managers. If we see an increase, we will know for sure if Institutional Holders are buying more.
I have to repost this article, since I feel that this represents the future of non-injectable insulin press/media coverage.
Any reporter wanting to cover the non-injectable insulin story will have to address/mention Generex in their story because Generex is the only company (among many) that is actually MARKETING such a product! And as a side note, they will also mention that Generex is also an Avian flu vaccine play. = WOW =
As the word "Generex" circulates with press/media coverage and as investors watch the stock symbol GNBT scroll by on CNBC/Bloomberg/etc. as market volume gainer (as it did the last few weeks), buying interest will only increase, driving the price higher. At $2, it's cheap. At $5, it will be a bargain for Institutional/Mutual Fund managers. IMHO. ;)
http://www.ediets.com/news/article.cfm/cmi_1148617/code_12738
Oral insulin making strides
Updated: February 25, 2006
For the first time in history, the notion that insulin cannot be given by mouth has been challenged. Generex Biotechnology reported completion of a pre-market clinical trial using a fine mist oral spray, Oral-lyn™, which allows insulin to be absorbed through the lining of the mouth. Oral-lyn™ was given as a replacement for fast-acting mealtime insulin in ten individuals with type 1 diabetes.
Results showed that over a nine-day period, subjects were able to successfully replace mealtime insulin injections with Oral-lyn™ and maintain equivalent glucose levels. In fact, a short-term marker of glucose control, fructosamine, was slightly better with the use of the oral insulin mist compared to injections. Larger studies will begin soon with the hope of eventual FDA approval on the horizon."
Almost my bed time, good night all.
If you want more GNBT TA/articles/links, check out page 27 (and previous pages) posts.
Points of interest:
GNBT was the most searched item on finance MBs:
http://www.wallstreettape.com/messageboards/?ticker=gnbt&submit=GO%21&ivlbb=1&RagingBull=1&cnbc=1&investorhub=1&Yahoo=1&ClearStation=1&SiliconInvestor=1&MotleyFool=1
GNBT was second most searched item on cnet:
http://news.com.com/2240-10755_3-0.html
My repost from Yahoo MB in response to GNBT release of warrants question:
02/26/06 11:56 am
Msg: 99258 of 99262
"If you pull the 8-K for ANY stock, you will find filing for more warrants, especially for small cap.
Yes, GNBT is a small cap listed with Nasdaq.
How do small cap stocks raise money while they are developing new products/services?
They sell stock shares!
The capital generated is used to pay the salary, buy new equipment, pay for Research and Development (R&D) of new products, buy buildings/leases/supplies, etc.
So Generex is releasing several million shares to do what small caps are supposed to do.
With the recent interest and high volume activity, several million shares will have a temporary affect on share price, but the best time to dilute is when the stock is actively gaining with large interest in the stock. The affect will be minimized and stock price gain will resume with volume support.
Consider the facts: Did AMD and HANS offer warrants as they were growing as a small cap company? You bet!!!
Did VPHM offer warrants during their $2 to $20 climb? Yes!
Where are they now?"
My repost from Yahoo MB:
02/26/06 01:05 pm
Msg: 99311 of 99311
Another good point on profit taking sirenebekim.
Yes, profit taking is also an "integral" part a stock's life.
As buyers of lower price (sub-$1) take profit, new bases form as stock price increases. If we "flushed out" the buyers that bought below $1.50 last week, then majority of the holders are bought in at $1.50 - $2+ range.
I post the resistance and support to represent this situation. Current support is at $1.69 which means that stock price is unlikely to go below this level.
My feeling is that majority of the holder of GNBT is bought in at $1.50+ and will hold for higher selling target. With 19 million shares bought on Friday alone at $2 range, I feel that price drop below $2 is unlikely.
Besides, as long as the buying pressure continues, warrants or not, the price will probably continue up. Stock prices are set by the buyers. Compared to many other stocks in the Avian play (like NVAX, HEB, SVA, etc.), GNBT is lowest priced stock with non-injectable insulin product already on the market!!!
Like I said before, GNBT is a "no brainer" for Bio-Tech buy for trade or investment. The company will do what it has to in growing the company and secure its future. The traders/investors often think only $$$ gain. Well, if you are playing on greed, GNBT has much more to gain, I say, at least to $5 range short-term.
Either case, it still is no brainer.
I am still very bullish on GNBT"
Hi, LL! Hello everybody!
Need help or rescue!!!! :( :o ???
The gas company- CHK here is the situation:
Market Value, $K: 10,340,669 Shares
Outstanding, K: 344,689
Number of Institutional Shareholders: 510
Percentage of Institutional Shareholders: 51.4%
Last Quarter Sales, $M: 1751.0
Last Quarter Net Income, $M: 452.5
Last Quarter EPS: 1.11
P/E Ratio: 12.0
Annual EPS, $: 2.51
Most Recent Earnings, $: 0.84 on 02/23/06
- bought in september, average $36
- october- CHK complite acquisition of Columbia Natural Resources, an Appalachian Basin natural gas producer
- price start to decline(usually does a little after acquisition)
- Price down 30%
- was so in love with CHK and didn't notice negative divergence in dec- jan -should sell @ $34-35
-was waiting prices jump up after earnings-
QuoteResults are a little muddled by the impact of hedging activities and the exchange of preferred for common stock, but it's still clear that this was a strong quarter. Revenue jumped 86%, as the company coupled 27% production growth with higher price realizations. Despite ongoing cost increases across the sector, Chesapeake also boosted its profitability; it grew adjusted EBITDA by 91% and more than doubled adjusted earnings.
Fools who've followed this company know that it's been busy on the acquisition front, so it's no great surprise that proven reserves grew by 53% for the year. That puts the reserve replacement ratio at an eye-popping 659%. Just as impressive, the company would have achieved 223% reserve replacement through the drillbit alone -- that is, organic growth through its own exploration, development, and drilling efforts.
For last 8 month insiders buying on $$$ millions @ $30-34
-they hedged 80% $7-9 so if gas prices continue down - they are save
EVERY THING LOOKS BEAUTIFUL- except they are continue going down
Actually can't read the chart at all - confused, lost, upset I;m down $6,000.00
Appreciate any advice, help, TA
Thanks in advance
lana
hi lana2b,
CHK looks to continue rebounding short-term, at least until RSI hits the previous profit taking points (RSI 60).
If you are holding CHK, hold as RSI approaches 60 and look for profit taking and SELL at that point!
Also, please, DO NOT fall in love with any stock. If you bought high in September, you could have sold in mid December as RSI hit 60 and you had other chances in late January/February to almost recover your capital.
= Those new to swing trading template, PLEASE look out for profit taking as RSI approaches previous profit taking levels (typically 70-80, sometimes early at 60) = ;)
I fall in love with puppies and BBQ! (I used to breed German Shepherds) ;)
GL
Thanks a lot, LL
You gave me a hope
lana
Some speculation on Yahoo MB as to where GNBT may go if Generex receives FDA approval.
Here's one by hacksneezecough:
"GNBT should pop on FDA news. News of FDA should make GNBT 10 bucks easy."
Before FDA, GNBT will face Canada first. With meetings/presentations scheduled for GNBT in the coming weeks and months, I believe $5 short-term is very achievable. With FDA approval, that will change everything.
Quote from: LiveLife on February 26, 2006, 01:52:42 PM
Those new to swing trading template, PLEASE look out for profit taking as RSI approaches previous profit taking levels (typically 70-80, sometimes early at 60)
GL
But in Elite-G's area GNBT is promoted big at the moment with a RSI of 81.6 (per my ScottradeELITE). If we cannot assume big profits will be taken right soon, how do we justify buying when we should be selling? This confuses me somewhat.
May I insert my thanks here for the help the old-timers give to us relative newbies in the market. I've gone back in the pages here and have not located the swing trading template as yet, but I'll keep looking <g>
I really appreciate what you discussed on GNBT. Thanks a lot, Livelife.
davidzwq and Tirebldr, thanks for the comments.
Tirebldr, if you read the earlier post, I said the follow:
Quote from: LiveLife on February 25, 2006, 11:27:44 PM
Technically, RSI is above 70 and GNBT should be considered "overbought", a condition that "normally" triggers a price correction. With that said, there are exceptions, which I have posted earlier (AMD, HOM, STX, etc.) where buying pressure overcomes the normal price correction and the stock continues its gain.
At this point, the stock becomes "untrendable" and as I stated before, the daily volume and buying pressure need to be the primary indicator and the technical indicators second. If the volume and price falls, sell. If the volume and price continues up, buy/hold. But take a look at the MACD. As long as it remains in the positive territory, I believe GNBT will continue to gain like AMD, HOM, STX, etc. If MACD falls into negative territory, we may look to selling.
And welcome to swing trading MB where newbies to stock trading is the focus! This newbie (since July 2005) is still learning daily to better support those new to stock trading and for those traders wanting to be more effective. ;)
I reposted the template rev 7 below for you also:
A picture is worth a thousand words.
If you look at the 6 month chart below, the 50/200 day MA is the "long term" indicators of a stock. Very bullish.
Technical composite very bullish:
http://quotes.barchart.com/texpert.asp?sym=gnbt
http://www.cnn.com/2006/HEALTH/conditions/02/26/birdflu.europe.reut/index.html
First bird flu case in Switzerland
Sunday, February 26, 2006; Posted: 10:18 a.m. EST (15:18 GMT)
GENEVA, Switzerland (Reuters) -- Switzerland has confirmed its first avian flu case ... more on link
GNBT is still the most searched item on finance MBs:
http://www.wallstreettape.com/messageboards/?ticker=gnbt&submit=GO%21&ivlbb=1&RagingBull=1&cnbc=1&investorhub=1&Yahoo=1&ClearStation=1&SiliconInvestor=1&MotleyFool=1
#2 searched term according to CNET news.
http://news.com.com/2240-10755_3-0.html
CNBC is doing a 7-7:30 PM (4-4:30 PM PST) program on Insulin called "dLife: Your Diabetes Life"
I am watching it right now!
I will post an update of the show as to what new technology they mention.
= Update =
Program covered the history of diabetes and insulin, historical negative effects of diabetes due to poor treatment, and the revolutionary diabetes breakkthrough because of insulin. The program also covered improved testing methods/equipment and the evolution of insulin delivery: syringes to insulin pump. But no mention of Pfizer/Generex lung/mucosal delivery.
Now, why would CNBC all of a sudden do a program on insulin???
Bird Flu Summit starts tomorrow in Washington (Feb 27-28)! Thanks gotfsm for the link from Yahoo MB.
http://www.new-fields.com/birdflu/agenda.htm
With the recent spread of Avian bird flu to France and Switzerland along with this summit in Washington, interest in Avian stocks will only increase next week!
= Weekend Summary =
Boy, what a weekend! Haven't done this in a while. ;)
A lot of interest in GNBT since Friday! The question now is what will happen on Monday and next week?
As GNBT is setting new 52 week highs with extremely high volume and with RSI above 70-80 level, it is now up to the market to determine the fate of this stock. Chart trends and technicals may not apply until GNBT becomes more trendable again.
Will GNBT dip on market open? Will GNBT gap up on open? Will GNBT set new 52 highs all next week? Will GNBT sell off? - All these are questions we cannot answer tonight.
I can only base my decision to hold GNBT shares on my experience with NVAX. I bought NVAX at just above $1 and rode it all the way to $6, but rode it back down to $4.50 (my initial GNBT buy in was at $1.15). If you check the 3SOF NVAX board, you will see my countless posts "hyping and pumping" NVAX. Yes, I will admit I did "pump" NVAX.
I will also admit that I did some "pumping" of GNBT this weekend, but for different reasons. When I developed the stock trading template, I wanted to be objective and not let emotions get in the way of trading. And as you can see from the past few weeks of posts, I have done that, commenting strictly the technical indicators and charts.
As I reviewed GNBT more and more, I came to realize that GNBT has great potential for growth. Yes, a lot of the Avian flu issue may be more hype than facts, and there is no certainty as to which Avian plays will get the "big" government contract/funding in the end. But GNBT "does" have the non-injectable (oral spray Oral-lyn) insulin delivery on the market in Ecuador. That a fact that no one can deny.
If you are trading or investing for certainty, Oral-lyn is a tangible factor to trade/invest with. Future of small cap stocks are often uncertain, but that's where the most growth potential lies. Those wanting security can invest in mid/large caps like AMD, HANS and such. Those that seek growth potential will have to pick the best of the uncertainties. For now, my pick falls on GNBT. Is GNBT the "best Avian/BioTech" stock for growth? Time will tell.
What if GNBT doesn't gain? Well, then I will sell GNBT and go onto the next stock. Simple.
See you at market open.
Before I sign off, I do want to repost the below article/link because I believe that's where the future of GNBT is:
"I have to repost this article, since I feel that this represents the future of non-injectable insulin press/media coverage.
Any reporter wanting to cover the non-injectable insulin story will have to address/mention Generex in their story because Generex is the only company (among many) that is actually MARKETING such a product! And as a side note, they will also mention that Generex is also an Avian flu vaccine play. = WOW =
As the word "Generex" circulates with press/media coverage and as investors watch the stock symbol GNBT scroll by on CNBC/Bloomberg stock ticker as one of market volume gainers (as it did the last few weeks), buying interest will only increase, driving the price higher. At $2, it's cheap. At $5, it will be a bargain for Institutional/Mutual Fund managers. IMHO. ;)
http://www.ediets.com/news/article.cfm/cmi_1148617/code_12738
Oral insulin making strides
Updated: February 25, 2006
For the first time in history, the notion that insulin cannot be given by mouth has been challenged. Generex Biotechnology reported completion of a pre-market clinical trial using a fine mist oral spray, Oral-lyn™, which allows insulin to be absorbed through the lining of the mouth. Oral-lyn™ was given as a replacement for fast-acting mealtime insulin in ten individuals with type 1 diabetes.
Results showed that over a nine-day period, subjects were able to successfully replace mealtime insulin injections with Oral-lyn™ and maintain equivalent glucose levels. In fact, a short-term marker of glucose control, fructosamine, was slightly better with the use of the oral insulin mist compared to injections. Larger studies will begin soon with the hope of eventual FDA approval on the horizon."
I came by to see what the German market is doing with GNBT.
They are all positive on open. The XETRA is still showing Friday's price.http://de.finance.yahoo.com/q/cq?s=gnbt&d=v1&m=a
The England's FTSE is not showing Generex activity yet.
http://uk.finance.yahoo.com/q?s=gnbt
1.9 - 1.93 Euro = $2.25 - $2.28.
Well, back to bed. See you later at market open.
Good morning!
Wow, Generex continuing to do well in German markets:
http://de.finance.yahoo.com/q/cq?s=gnbt&d=v1&m=a
2.03 - 2.07 Euro = $2.40 - $2.45.
Really looking forward to market open.
US Pre-market ask/bids at $2.38/$2.39!
This just in!
February 27, 2006 09:00 AM ET
Generex Biotechnology to Present Pandemic Influenza Vaccine Program at Bird Flu Summit in Washington, D.C.
http://news.moneycentral.msn.com/provider/providerarticle.asp?Feed=MW&Date=20060227&ID=5537695
Generex Biotechnology Corporation (NASDAQ: GNBT) announced today that Dr. Douglas Powell, Ph.D., Director of Immunobiology of Antigen Express, Inc., the Company's wholly owned subsidiary, will make a presentation at an international conference on the Antigen Express program for the development of a novel synthetic peptide vaccine designed to protect against the potentially pandemic avian influenza virus. ... more at link
Generex closing higher in German markets:
http://de.finance.yahoo.com/q/cq?s=gnbt&d=v1&m=a
2.17 - 2.19 Euro = $2.57 - $2.59
Generex doing well in England FTSE as well:
http://uk.finance.yahoo.com/q?s=gnbt
Currently at $2.50
Wow, what a day!
Just look at the intraday activity with volume! Wild ride! ;)
I guess we all know now as to what "would" happened to GNBT on Monday after much discussion this past weekend:
1. Gapped up on open
2. Early market sell off
3. Sharp gain
4. Two episodes of profit taking sessions
5. Still closed up $0.16 (7.21%) and broke through the resistance intraday, and continued up in after hour trading $0.07 (2.94%).
6. All this while trading 38 million shares of volume, which is waaaaaaaaay more than the 3 month average of 4.3 million shares!!! = WOW =
New resistance is $2.94 with support at $2.00.
So, the next question is what's next?
Like I said this past weekend, GNBT is not trendable and we must use daily volume and price activity as our primary indicator.
This is my take:
1. Many took profit today as recent gains were very large.
2. Even with profit taking, 38 millions shares were BOUGHT by new buyers at mostly $2.40 - $2.50 range with plenty holding from $2+ range (from 19 mil shares Friday). These new buyers will look towards $3 - $5+ as their sell targets.
3. Previous support of $1.69 was never tested today.
4. Increasing buy request interest at Lycos I-watch for Inst/Managers.
For tomorrow, these options exist:
1. If you took profit, you can buy back.
2. If you are holding, you can continue holding.
3. If you are looking to buy, you can buy at any time.
4. If you are holding but are uncomfortable about tomorrow, you can sell.
Just watch the volume and price activity.
Now to NVAX and GNTA.
Nice gains for NVAX. And as anticipated by the swing trading template, GNTA continuing to rebound.
FYI, take a look at the sell requests on Lycos I-watch by Inst/Managers. I would take this into consideration.
Generex/Antigen Express to present at Bird Flu Summit on Tuesday:
http://www.new-fields.com/birdflu/agenda.htm
Thank you--very nice. 8)
Thank you and welcome shipman,
Actually, your weekend question of GNBT retracing may have happened today mixed in with the 38 million shares traded.
There were two definite profit taking sessions.
What we need to keep in mind is that for every share that was bought, someone SOLD.
We used the term "profit taking" loosely to describe the saw-tooth like fluctuations of stock prices.
I recommend we continue using the daily volume/price activity as the primary indicator for GNBT until it becomes more trendable.
Nice mention
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B01BF5003%2D4191%2D4726%2D909D%2DBFC70F3E4D28%7D&source=blq%2Fyhoo&dist=yhoo&siteid=yhoo
Generex meeting with Canada on Wednesday, March 1st.
Company Will Seek to File a New Drug Submission in Order to Market and Distribute Generex Oral-lyn in Canada
http://biz.yahoo.com/iw/060119/0106769.html
TORONTO--(MARKET WIRE)--Jan 19, 2006 -- Generex Biotechnology Corporation (NasdaqSC:GNBT - News), a leader in the area of buccal drug delivery, announced today that it has received notification of the scheduling of a Pre-NDS meeting for the Company with the Biologics and Genetic Therapies Directorate of Health Canada on March 1, 2006. The topic of the meeting will be Generex Oral-lyn, the Company's proprietary buccal (oral) insulin spray product (no lung deposition). The Company believes this is the first non-injectable insulin to be the subject of a Pre-NDS meeting.
The purpose of the Pre-NDS meeting will be to discuss the presentation of Generex Oral-lyn data in support of a New Drug Submission (NDS). An NDS is an application submitted to Health Canada in order to market and distribute a drug product in Canada. Such applications are generally filed after clinical trials have been completed and all data has been collected and analyzed. This process is similar to a Pre-NDA (New Drug Application) meeting with the U.S. Food and Drug Administration.
Hey, Livelife, are you holding any GNBT shares, if so, @ what prices ?
REALDEALS21, yes.
My initial buy-in of GNBT was $1.15, and I have been trading GNBT according to the swing trading template until of last Friday when GNBT became untrendable. I am using daily volume and price activity until GNBT becomes more trendable.
You think it will go to its 52 week high this week ?? You sold any from the initial 1.15 price you paid ??
Hi LL
What do you think about SGLS. I know it doesn't fit ST Template to buy, but in general ?
I don't know why I feel like to get in.
And what about GNBT with all these good and bad news. I'm in yesterday at 2.39, little late
Thanks
lana
REALDEALS21, yes I sold several times according to the swing trading template and bought back on rebound. I will continue to do the sell-peak/buy-dip until MACD falls to negative territory. Nice rebound off support around $2, good buy back point. ;)
Today was a combination of the general market drop with Generex exercising their warrants, but this now gives Generex a very strong cash position. I anticipate that Generex recovers from the drop due to warrants. 23 million shares traded, heavy volume.
http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?ticker=gnbt
Generex Biotechnology Receives $11 Million From Warrant Exercises
Tuesday February 28, 8:58 am ET
http://biz.yahoo.com/iw/060228/0111377.html
Company Now Has in Excess of $31 Million in Cash-on-Hand
TORONTO--(MARKET WIRE)--Feb 28, 2006 -- Generex Biotechnology Corporation (NasdaqSC:GNBT - News) announced today that it has received an aggregate of $11 million as a result of the exercise by existing Company investors of previously issued warrants. The receipt of these funds has put the Company's cash-on-hand at more than $31 million, its strongest cash position in more than four years.
lana2b,
SGLS is rebounding off RSI 50, but it's already at RSI 70. It looks to continue short-term, but look for profit taking soon. As to buying GNBT at $2.39, if you are still holding shares, I would wait to see what recovery GNBT does after the warrants were excercised. After today's drop to $2, GNBT made a nice recovery in the afternoon. I still believe that GNBT will steadily climb to $5+, but let's watch the daily volume and price activity.
NVAX continues gaining with GNTA falling with the market.
There's more discussion on yesterday's warrants excercised by GNBT and today's 8-K release:
http://biz.yahoo.com/e/060301/gnbt8-k.html
My take is that no stock goes up forever. They all take their breaks along the way and form new bases and resume their gain. Profit taking brings in new buyers who will sell at even higher sell targets, and so on.
Generex as a growing small cap company is raising capital to support their operations of the company. Short-term, this affects share prices, but long-term the capital raised will grow the company.
As I always said, if you are "uncomfortable" with a stock at any time, you can sell.
I believe GNBT has growth potential, especially due to their non-injectable insulin delivery (Oral-lyn) for diabetes, which is a huge US/world health related market.
BTW, Generex is meeting with Canada is today regarding their non-injectable insulin delivery Oral-lyn: http://biz.yahoo.com/iw/060119/0106769.html
Repost of article link:
I have to repost this article, since I feel that this represents the future of non-injectable insulin press/media coverage.
Any reporter wanting to cover the non-injectable insulin story will have to address/mention Generex in their story because Generex is the only company (among many) that is actually MARKETING such a product! And as a side note, they will also mention that Generex is also an Avian flu vaccine play. = WOW =
As the word "Generex" circulates with press/media coverage and as investors watch the stock symbol GNBT scroll by on CNBC/Bloomberg/etc. as market volume gainer (as it did the last few weeks), buying interest will only increase, driving the price higher. At $2, it's cheap. At $5, it will be a bargain for Institutional/Mutual Fund managers. IMHO. ;)
http://www.ediets.com/news/article.cfm/cmi_1148617/code_12738
Oral insulin making strides
Updated: February 25, 2006
For the first time in history, the notion that insulin cannot be given by mouth has been challenged. Generex Biotechnology reported completion of a pre-market clinical trial using a fine mist oral spray, Oral-lyn™, which allows insulin to be absorbed through the lining of the mouth. Oral-lyn™ was given as a replacement for fast-acting mealtime insulin in ten individuals with type 1 diabetes.
Results showed that over a nine-day period, subjects were able to successfully replace mealtime insulin injections with Oral-lyn™ and maintain equivalent glucose levels. In fact, a short-term marker of glucose control, fructosamine, was slightly better with the use of the oral insulin mist compared to injections. Larger studies will begin soon with the hope of eventual FDA approval on the horizon."
I Just got home, had to work late on a project at work, so I will keep it brief.
Well, gain day for GNBT of $0.10 (4.52%) with 9.3 million shares traded which is more than the 3 month average volume of 5.3 million shares. After another morning of sell off down to $2.21, the day's open, GNBT recovered in the afternoon. New resistance is at $2.43 with support at $2.15. RSI is still above 70+, so I am continuing to use daily volume and price activity as my buy/hold/sell indicator.
NVAX fell all day down $0.11 (1.90%) with 9.4 million shares traded which is more than the 3 month average volume of 4.2 million shares. New resistance is at $6.20 with support at $5.36. There was an analyst target set some time back of $6.00. I wonder if this set a "cap" on NVAX price. Short-term swing trading template indicates sell.
Hi, LL
Didn't have chance earlier to say thanks for your reply. Didn't get in but will watch for "Swing Trading"
Thanks again
lana
You are welcome lana2b,
As to SGLS, I would wait for MACD to rebound off negative territory and sell as MACD peaks with matching RSI peaking to 70+ (see chart for buy/sell points):
Bought RHEO
= update = I sold for now. I will continue to watch for more rebounding.
For those in the "speculation" game, I also bought GZFX in anticipation of Circuit City going nationwide with GameZnFlix on March 15.
Finally.
I have been watching these two stocks for some time to see when/if they might rebound, and rebound they did today!
RHEO gained $0.37 (9.71%) with 2.6 million shares traded which is more than double the 3 month average of 1.1 million shares. I know, I bought RHEO this morning, but sold. But I am all smiles because GZFX gained $0.0037 (50.00%). Yes, 50% gain in one day!
As to GZFX, nice rebound today.
GZFX closed up $0.0037 (50.00%) at $0.0111 (Yes, this stock gained 50% in one day!) with more than 424 million shares traded, which is more than 10 times the 3 month average of 36 million shares.
GZFX price fell in January-February after Circuit City extended GameZnFlix trial period to March 15. This time, indications look good that Circuit City will go nationwide with GameZnFlix. For those not familiar with the company, GameZnFlix rents DVD movies and video games online, like Netflix.
Even though I sold GNBT, I will continue to monitor for rebound gain activity.
Hi Livelife I was wondering if you could give me some analysis of DYMTF based on your buy/sell chart. The RSI is approaching 80 but I am hesitant to sell. The reason is Big News will be out and I am wondering would that nullify the RSI. TIA.
It was confirmed on the phone that more Circuit City locations (including Florida) just received GZFX packets. This tells me that a cancellation is out of the question.
But do what makes you feel comfortable. A delay is always possible.
If I had to guess, it would be 95 % that the deal happens this time around.
It is trading exactly as I expected in my posts from a month ago.
And you need to understand how big the AAFES deal will be. It dwarfs the Circuit City deal.
The play is to get in before the gap up with a string of news, imo.
Everybody will click " buy " all at once sending GZFX soaring.
Being hesitant due to the past is understood. Do what is comfortable for you and never second guess the decision.
Good Luck.
pompano,
I pulled 2 charts for DYMTF. If you look at the 3 month chart (sorry for the mess), RSI is certainly over 70 (actually 80). DYMTF gained $0.10 (8.02%) today and moved 2.5 mil shares which is almost three times the 3 month average volume of 785K shares.
I also use MACD to spot my buy/sell points (BUY when MACD is bottoming and rebounding and SELL as MACD is starting to peak). If MACD hasn't peaked yet, DYMTF may continue to gain short-term.
I also pulled the 1 year chart with weekly period (5/10 MA). This charting gives you a "big" picture of how a stock performed over a longer period of time. Moving day average is very bullish, but the RSI is once again approaching previous profit taking point. If you look at the large volume points in the 1 year chart (blue arrows/lines), it corresponds with the price peaks of past year.
Yes, news/PR/patents all affect stock prices. I would recommend you keep monitoring daily volume and price activities closely next week and watch for profit taking.
Thanks fill_the_gap for the info. Here's the link to GZFX MB: http://www.3stocksonfire.org/trading/index.php?topic=2047.495#bot
Like RHEO ($12 to $3.50 drop), GZFX may go through an "adjustment" period where "nervous" holders may sell off to head off any potential drop. RHEO rebounded and sold off briefly, but is back on the rebound. Today's GZFX activity is certainly understandable after the post Jan 15 drop.
Once the "nervousness" diminishes and Circuit City going nationwide with GameZnFlix is more certain, I believe the buyers will push the price back up. From what fill_the_gap has been posting, things are looking positive for GameZnFlix, in addition to CC going nationwide.
I am bought back in at $0.0093 range and I will hold out to allow for this "adjustment" period. If it rebounds, I will hold. If it approaches my buy point, I will sell.
That brings us to RHEO and GNBT.
Both rebounded well today. = dinner time= I will post back later.
Ok, I am back. If you look at the template, RHEO looks to continue gaining.
Thanks Livelife
As to GNBT, MACD has peaked and falling. I still recommend taking GNBT on a day-to-day basis since RSI is above 70.
I normally stay away from low volume stocks, but I did some checking today and take a look at these two low volume stocks (one listed and other penny).
I am wondering if I should monitor for such low volume stocks that recently experienced 1000%+ gain.
I did taxes this weekend.
= Those new to stock trading and doing taxes, this is important! =
= Following information is for individual USA trader who is required to do IRS tax filing (this is not legal tax advise. Consult your own accountants for tax issues.) =
Stocking trading gain/loss information must be reported to the Internal Revenue Service on 1040 Schedule D (D-1): http://www.irs.gov/formspubs/lists/0,,id=97817,00.html
1. Stocks traded need to be grouped by the same stock symbol (I alphabetize A-Z).
2. Trades must be separated into short-term (held less than 1 year) and long-term (held more than 1 year).
3. On 1040 Schedule D, list the total number of shares and stock symbol traded, dates bought and sold (if multiple trades on same stock, put "various" for both), Sales price (Sell price), Cost price (Buy price), and Gain or Loss.
4. If you need more space, use 1040 Schedule D-1.
5. Capital gains tax must be paid on the gain and stock trading loss can be deducted, but there's a limit to how much you can deduct per year and you may have to spread the deduction over several years (refer to tax instructions).
I use Scottrade for stock trading, and Scottrade has a nice software called "GainsKeeper" (Home > My Account > GainsKeeper > Export Data) that allows you to export your trade activities to TurboTax/TaxCut software, Excel Spreadsheet format, or text file format.
Don't put off doing this because it does take some time if you are not using TurboTax/TaxCut software - I had thousands of transactions that had to be grouped and tallied.
FYI. ;)
rv,
Past history is indicative of future behavior.
They (Circuit City) extended the program on the 5th of January, taking it out to March 15th. The verbage can be taken many ways. But they did extend it exactly 10 days ahead the last time. That would have been March 5th this time. This would have been last Friday or today in my view.
Sure, they can probably cancel at any time. But why ? It is a Cash Cow for CC. And why did they not just extend it more than 2 months the last time ?
And then explain the new Circuit City locations in Florida beginning the program last week. Why do much more than the stated number of Pilot stores in the filing if it was not a go ? And why new Circuit City stores added as of last Friday ? They would be taking the displays down, not adding new locations. The Sunday Circular and online advertising also remains.
My opinion is that CC wanted the 10K early by GZFX showing company cash. CC wanted to see the DVDAvenue acquisition take place for more titles and another Distribution Center. And CC and GZFX wanted the new website (which I confirmed with Chip to be coming this quarter). It is important for CC to know that GZFX can handle the traffic.
Only a PR will tell the story. But I certainly like it more and more now that the 5th has come and gone. Many people remember the extension and are waiting to buy until concrete news.
The play for me is the immediate appreciation on the news. All of the people chasing the Price will make for an outstanding return, imo.
It is unbelievable how well the price has held on absolutely no news. Any news and we take off, imho. So many traders are waiting to pull the trigger on GZFX upon CC confirmation.
It is the perfect time to be long, imho, ahead of the news. This is how the pennies work.
Moving up over 50% the past few trading days on no news is powerful.
Imagine the immediate appreciation when something crosses the wire.
We will certainly see soon enough.
I remain 100 % invested in GZFX for the news. Do what makes you comfortable. But to answer your question, I would not worry about a cancellation based on the Florida events and the amount of straight Profit to Circuit City.
Repost from GZFX MB:
http://www.3stocksonfire.org/trading/index.php?topic=2047.msg49965#msg49965
fill_the_gap, I agree. The Florida store being added only affirms that Circuit City cancelling the deal with GameZnFlix an unlikely event. If Circuit City was intending to cancel the deal, they would be scaling down the GameZnFlix display and reducing store locations, not expanding store locations and resuming print/online/store advertisements.
If you look at the intraday chart below, the early morning drop was followed by a strong recovery up to $0.0115, surpassing the opening pop of $0.0112. I attribute the afternoon drop to daytraders closing out trades followed by general market sentiment (look at the Dow/Nasdaq intraday chart and see the drops in the afternoon).
What's significant today is that GZFX remained positive all day without going below the opening price of $0.0102! 106 million shares traded in volume is healthy compared to the 3 month average of 35 million shares.
Of course, there are many that are holding their breath to see what will happen "this time around" but as fill_the_gap and many other posters on other MBs have pointed out, situation is different and GameZnFlix as a company is in much stronger position than before. The 50% rebounding gain with 424+ million shares traded last Thursday is very significant for me indicating that there is tremendous interest that will jump in once rebound indicators remain positive.
Today's gain will continue to improve the rebound indicators and ease the "nervousness or uncertainty" of GZFX. Since last year, GameZnFlix as a company has been working to improve market position and new pipelines such as on-demand download service. As fill_the_gap posted, we should consider "all" aspects of the company operations such as the deal with AAFES. As GameZnFlix market position grows stronger (their next PR should include subscription number increase), Circuit City deal may become gravy, and not the "only" deal for GameZnFlix.
RHEO is continuing to rebound with $0.22 (5.19%) gain and 1.5 mil shares traded which is more than the 3 month average of 1.2 mil shares.
StockCharts.com seems to be having problems with their charts, and only showing March 3 chart data. Pulled wrong info for GZFX also, showing $0.0019 drop when GZFX gained $0.0004.
I will be out of town for the next two days and I won't be able to post until late Wednesday night.
See you then. :D
Repost from GZFX MB:
http://www.3stocksonfire.org/trading/index.php?topic=2047.510
fill_the_gap, nice eye for catching the "Pilot" to "National Rollout" on the 8-K. This should firm up a lot. ;)
"Something interesting to consider from the 8-K.
Note the change in language from " Pilot " to " National Rollout ".
This may give more of a decision for the Agreement this time around.
... On December 28, 2005, the parties entered into an amendment to the Services Agreement (see Exhibit 10.2). Under this amendment, the parties agreed to extend the pilot program until March 15, 2006. Thereafter, if the parties mutually agree that a national rollout of this program is mutually beneficial, they will enter into a definitive agreement for such national rollout."
GameZnFlix website Q&A page has an update about Circuit City trial (to be "national rollout" soon ;)): http://www.gameznflix.com/support/issue_view.asp?ID=26378&CATE=2
"Everything with circuit city is going fine and we couldn't be happier. If you have any other questions that need answered all answered will appear on our web site. If an answer cannot be found it has not been released to the public and as soon as any information is known we will release a press release. Thank you.
[--- UPDATED: 3/4/2006 8:48:03 AM BY AGENT: CSindia ---]"
Good, stockchart.com is back on with GZFX data:
Hi LL,
Love the thread. Keep up the fantastic work.
What do you think about GNTA's action lately?
I just drove back into town.
Calstar, thanks for the comments.
GNTA is one of stocks I monitor and have on my "lined up" list. If you look at the template, the 5 day MA hasn't rebounded yet and not all the buy indicators are in place, such as volume increase and MACD rebounding.
To be certain that the rebound is real and sustained, I would recommend that we wait for 5 day MA and MACD to bottom and rebound.
More and more, I am begining to realize that buying at MACD rebound point (negative territory) and selling at MACD peak (positive territory) with corresponding RSI and volume increase are the best "entry and exit" points. So, if GNTA continues to rebound and shows MACD, RSI and volume increase, then it would be a good buy point.
Ok, onto GZFX "speculation" ;)
I was gone last two days and I see that we have two days of "uncertain" sell. March 15th is only 4 trading days away, and I am still willing to wait for the Circuit City announcement of rolling out GameZnFlix nationwide.
I will hold on a day-to-day basis.
RHEO continues to gain. I am tired from 10 hours of driving, so I will keep this short.
One more before bedtime (I am heading in early tonight). Good night all and see you in the morning.
Will GNBT rebound or will MACD turn negative?
Ouch, the Fourth Quarter report of loss sent the price down at open. I sold and bought back at $4.00 when it rebounded.
Good news is the much anticipated clinical trial data review showed that RHEO process did improve the vision of "dry form" of macular degeneration. Unfortunately, the timing of the quarterly report was untimely. :P
http://biz.yahoo.com/ap/060309/occulogix_study.html?.v=1
OccuLogix Says Revised Trial Results Show Rheo Blindness Treatment Did Improve Vision
Thursday March 9, 1:25 pm ET
NEW YORK (AP) -- Canadian drug maker OccuLogix Inc. on Thursday said revised results from a recent study of its Rheo blindness treatment were better than originally thought, although regulators may require the company to do more testing. More on link.
Still holding my breath on GZFX.
A good day so far for GZFX. ;D
GZFX looking strong today.
Can anyone confirm the talk of a signed deal with TARGET to go along with Circuit City?
Other boards are discussing it.
Yes fill_the_gap, nice gain day for GZFX (dang, I had white knuckles :D)
As to Target, I believe the issue was raised that if Circuit City went nationwide with GameZnFlix, that other store chains may consider joining in, but I believe it was only a theory.
GZFX gained $0.0012 (12.77%) with 197 mil shares traded, which is far greater than 3 month average of 35 mil shares.
As to RHEO, the morning recovery was followed by afternoon drop.
If MACD peaked, I may sell and buy more GZFX or GNBT on Monday. GNBT MACD may be bottoming.
Hello LL
This thread is so useful and I am so impressed on your work. Keep up your good work.
Could you please tell me about SOFO based on your template? I hope this will go up but the RSI is above 80+. ???
Thanks for the comments sivgeet.
Sonic Foundry makes a very popular audio recording/editing software called Sound Forge and many other digital media/internet software.
I am not sure if the recent PR had any affect on the recent price gains, but the PR was released on March 2nd, but the price gains were on 8-10th of March.
http://finance.yahoo.com/q?s=sofo
The 4.5 million shares in volume Friday is very significant compared to the 3 month average of 201K shares and in just 3 days, MACD went from negative to very high positive. This kind of stellar gains are usually due to some very positive news or anticipated PR.
As I posted before, when stock prices move based on such news, I recommend that you base your buy/sell decisions on daily volume and price activity and less on the technicals. As we have seen on this MB on stocks like TGB, GNTA, GNBT, etc., stellar gains are often followed by profit taking sell offs. Once the stock becomes more trendable (follows chart technicals), you can apply the stock trading template more accurately.
If the stock is bound for longer term gains, it will continue to gain after profit taking drop. If you are looking for an entry point, this drop may be a good point. Keep in mind also that on Friday, 52 week high of $1.40 was broken through without any resistance and 2 year high was $2.40. Generally, there are some cautious sell offs as stocks approach their 52 week high point, and this stock breaking through the 52 week high without any resistance is something to consider.
If you are holding shares of SOFO, I recommend that you monitor the stock very closely next week for profit taking activity. If you are looking to buy, I would recommend that you look for profit taking dip and buy on rebound.
= This is for newbies to stock trading = Chasing an actively gaining stock is very tempting. If large gains are based on news, many will sell to take profit on their very short-term gains. Yes, you may experience a short-term gain on such stocks, but I recommend that you "train and discipline" yourselves to study charts and buy stocks as MACD rebounds off negative and sell as MACD peaks on positive territory with supporting RSI and price activities. I have found this to be the most accurate short/mid-term buy/sell indicators.
Remember also, that not all stocks are trendable to technicals all of the time and that use of the stock trading template should be a "guideline" only. ;)
Thanks for your reply, LL
You are very welcome sivgeet.
If you are looking for an entry point on SOFO, I recommend that you wait for MACD to bottom (yes, even while MACD is in positive territory) with corresponding RSI and price bottoming.
Nice gain on RHEO today. I am still on the fence with GZFX.
= Important Announcement =
I am starting my support for a new group of people who are brand new to stock trading, some of them as young as 15 years old and some of them 50+!
Due to this reason and many of your requests for a "brand newbie" intro to stock trading knowledge base posting, I will be focusing my posts for the near future more on the knowledge base than the daily trading posts.
This MB thread was created to support the newbies to stock trading and I may have deviated from that original intent. I recently had some absolute newbies to stock trading who are interested in learning how to trade take a look at the swing trading MB content. They were lost.
What I thought was a fairly straight forward and simple posting was greek to them and they could not understand or comprehend what all the charts and templates meant. :P
So, I will start with the absolute basics like what is stock trading and how do you open a stock trading account, etc. I will admit that I have failed to properly support the knowledge base I have started several months ago. :( This will give me a chance to completely revise the knowledge base and post the crucial information for the newbies to stock trading. Also, this will continue to maintain the "public forum" concept of 3StocksOnFire, supporting new and traders seeking to be more effective through sharing knowledge and experience.
Having talked to the new group of people initially, I will be focusing more on the "basics" than the "fast and furious" mechanics of swing trading. As I posted this weekend, I believe using the MACD bottom/peak cycle with corresponding RSI/price activity will be the core of the basics I will outline - this has helped me look for more longer-term stocks than the 1-3 day swing trading stocks. :D
Many that have used the swing trading template reported success with their trades. I feel that for now, this MB thread has achieved what we set out to do several month ago - continue to evolve and develop ways to trade more effectively.
While I take a "break" to write the knowledge base for this new group, I will continue to support any questions you may have regarding stock trading on this MB. For this new group, I am actually putting together a "manual or handbook" which I will be posting at the knowledge base as chapters or lessons. I will post the link as each chapter/lesson gets added at this MB.
The individuals in the group will start with $500-$1,000 to as much as $10,000 as base capital. Most have expressed that they prefer the less aggressive mid-term swing trading (more than 1-3 days) than the short-term swing trading. So, I will focus on stocks that are better suited for longer-term swing trading.
I can post pertinent discussions/Q&A's covered with the group and group's progress if you like on this MB.
My outline for this group is as follows:
1. Intro to stock trading - What is stock trading?
2. Basic knowledge - What do I need to know?
3. Stock trading account - Which account type to open and how?
4. When to buy - What is a good entry point?
5. When to sell - What is a good sell/profit taking point?
6. Practice - What is "virtual" practice trade account?
7. Stock trading with real money - Let's swing trade!
Quote from: LiveLife on March 13, 2006, 11:21:14 PM
= Important Announcement =
The individuals in the group will start with $500-$1,000 to as much as $10,000 as base capital. Most have expressed that they prefer the less aggressive mid-term swing trading (more than 1-3 days) than the short-term swing trading. So, I will focus on stocks that are better suited for longer-term swing trading.
I can post pertinent discussions/Q&A's covered with the group and group's progress if you like on this MB.
My outline for this group is as follows:
1. Intro to stock trading - What is stock trading?
2. Basic knowledge - What do I need to know?
3. Stock trading account - Which account type to open and how?
4. When to buy - What is a good entry point?
5. When to sell - What is a good sell/profit taking point?
6. Practice - What is "virtual" practice trade account?
7. Stock trading with real money - Let's swing trade!
Hi LL
It's great idea, and this is what I wanna know.......
I'm here to learn for trading, and trading for pleasure.. 8)
Bye
YUNUS
Hi LL It's its a great idea your work for the newbies!!!! congratulations. I know that I'll learn a lot with it as always with your posts!!!!!!!!!
Could you check pleas the HEB chart??? I guess could be a buy!!!!!
Thanks!!!! ;D ;D
Thanks for the comments YUNUS and nica33. I will do my best to support the new group of newbies to stock training and 3SOF newbies on this MB. :D
As to HEB, MACD is bottoming in the negative territory and RSI is rebounding off 50. If MACD continues to rise to positive territory with corresponding RSI/price gain, it should continue gaining until RSI hits previous profit taking points (70-80) and until MACD peaks in positive territory.
If you are looking to buy, look for a dip on market open and hold until MACD turns positive and starts peaking to sell.
Hello LL,
I first read you on NVAX BB and followed you to this site. I started out in October with a 10k investment in nvax at 3.26 per share and its now worth about 25k. I have bought and sold it twice. Sounds Great but I have no idea what I am actually doing. I do not really even know what a short really is, other than everyone seems to hate them. I think you are doing a wonderful service for Newbies and I would like to be counted among them. I look forward to your teaching. :) ;
soccer321
Quote from: soccer321 on March 14, 2006, 07:43:46 PM
I have no idea what I am actually doing. I do not really even know what a short really is, other than everyone seems to hate them.
:D :D :D
That's hilarious!!! Nice job on the nvax, as well!!! sounds like you are off to a great start. Remember... Shorts are bad... mmmmmmmmkaaaayyyyyy??
g
I had to work late last night again and going in early today for a project. :P
Thanks soccer321 and gambler2075 for your comments. Yes, I too have traded NVAX quite a few times last year and this year. NVAX got some great new PRs that should be checked out: http://finance.yahoo.com/q/h?s=NVAX
I have gotten great response for the start of the new group, which is growing each day. And soccer321, don't feel bad. :D. Most in the group don't even have a stock trading account and don't know anything about stock trading!
I look forward to supporting this new group and the various stock trading issues, topics, tools and techniques we will be covering in the weeks to come. Of course, I will be posting the information covered with the group on this MB and in the Knowledge Base section to maintain and support the "public forum" concept of 3StocksOnFire.
As to "shorting a stock" or shorts, the simple definition is the opposite of buying a stock to anticipate a gain. We buy stocks that are anticipated to rise in price. Shorts buy stocks that are anticipated to fall in price or stocks that are actively falling in price. The reason why many traders on Message Boards hate shorts is because they often "bash or trash talk" the stock to drive the price down, so they can make even more money. They do this because if the stock rises in price, they lose money in the same manner we lose money when a stock falls in price.
With that said, in certain bear market conditions, shorting stocks is a wise thing to do. JFK's father made his money by shorting stocks during bear markets. David Randolph (founder of 3SOF) in the recent past shorted some stocks when market conditions were bearish.
I do not short stocks (for now) and do not recommend newbies to short stocks (for now) or trade stocks on margin or do options trading. I believe shorting, margin or options trading should be set aside for now to newbies until they are very well experienced in stock trading and learn the detailed processes to perform these more advanced trades effectively.
Yes, I have considered shorting stocks many times because the swing trading template indicates when the stocks will rise AND fall. For now, I have dedicated this MB thread to support the newbies to stock trading, and I will focus on buy-low and sell/profit take-high for now. Perhaps in the future, I may start a new 3SOF MB thread for more "advanced" stock trading concepts and techniques as this newbie (stock trading since July of 2005) learns more stock trading tricks. ;)
For those that asked, I sold my stock positions yesterday and bought back GNBT and NVAX at market open. I will do more comprehensive posting for GNBT and NVAX after work today. You can check out NVAX info and my previous NVAX posts here: http://www.3stocksonfire.org/trading/index.php?topic=2478.msg51456#top
Well, I gotta get ready for work (going in early for a project today).
Agree with fousc on GZFX.
Take some off the table if needed. We have no idea when news may come.
Remaining on the Circuit City site tonight is important too. Coming off of there just like the circular ad would be devastating to the price.
The reality is probably a heavy selloff today without CC news.
This is a frustrating company to trade.
Hi LiveLife
CYAN : when I did search on this stock you'rs was at top so this is where I'm at.
I don't know if you'll agree but I'm puting alert on this stock for all who want's to put it on their watch list.
What is you're TA,would appreciate you're comments. Also it's a great thing you're starting for new traders to help increase their knowledge in the market place.
Applaud :)
Goodluck trading
fill_the_gap, I feel your frustration.
I was waiting for a PR from either Circuit City or GameZnFlix regarding the nationwide rollout. If you look at the 5 day chart, I had no choice but to sell above my buy price of $0.0094 Monday morning.
There are many actively gaining stocks like AVNX, and with the new group of stock trading newbies I am supporting, I need to focus back to more "trendable" and tradable selection of stocks. I will take a break on "speculation" stocks for now, but I will keep my eye on GZFX, just in case.
Take care.
wrangler, thanks for your comments! :D
Glad to do an analysis on CYAN. If you look at the template, there's a lot of sell indicators.
If you look at MACD, the last "buy" point where MACD bottomed and rebounded was in mid February. It appears that the MACD has hit the "sell" point as it peaked in the first week of March.
My recommendation is that you wait for the MACD to bottom and rebound again before buying, unless you see a significant volume increase with matching price/MACD increase like in late December.
Nice rebounding gain on GNBT as MACD bottomed Monday and should continue to gain until MACD peaks. Since RSI is at 70, there may be some short-term profit taking. Perhaps GNBT will experience another 2 months of MACD in the positive territory? Time will tell.
As to NVAX, what can I say. I bought NVAX last fall at $1+ and rode it all the way to $6 and sold down to $4.50. Wild ride with many trades during that run. NVAX rebounded from $3 in December and hit $7 today! Wow!
I will consider GNBT and NVAX my "longer-term" plays but will be "sensitive" to short-term profit taking. I am even thinking about riding through the short-term profit taking dips (dang, am I slowly becoming long? ;)).
As I write the intro to stock trading for the knowledge base, I am mindful of stocks such as AVNX which experienced 200%+ gains in recent months. Search for such stocks will be the primary focus of the new group of stock trading newbies I am supporting - swing trading on a longer-term time period (weeks to months).
Like I posted in earlier posts, this MB thread will continue to evolve as time passes. I will establish the basics in the knowledge base for the absolute newbies and keep this MB content easy to understand and use for the newbies actually trading (practice or for real). Supporting this MB thread and the interactions I have experienced the past several months have been very rewarding! I really enjoyed all of your participation and the report of you finally becoming effective and making profit on your trades! :D
= Stock Trading Basics to Swing Trading Basics Lesson Plan =
Those interested in the lesson plans for the Swing Trading "class" can follow the Knowledge Base link. (I will post the link to the Knowledge Base from now on at the bottom of my posts)
I am writing the "Intro to stock trading" right now and will be posting at the Knowledge Base in about an hour. I will post the link on this MB once it is posted at the Knowledge Base.
You can check back here later.
Ok, a quick NVAX and GNBT update.
For those that asked about the sharp afternoon gain, my theory is that holders of other Avian plays may have sold and bought NVAX.
Coincidently, 3SOF NVAX MB is titled "... next VPHM?" and the recent $22 to $17 drop of VPHM may have brought in new "serious" money to NVAX. HEB, BCRX and VPHM all dropped in the afternoon as NVAX gained sharply. Will NVAX be the next VPHM? As always, time will tell, but if Novavaxx receives any government linked funding or contract, it is very plausible.
And about GNBT? One strong product Generex has going for it is the Oral-lyn oral spray insulin. I believe this product alone can push the price of GNBT to $5 - $10. And GNBT is another Avian play. The Avian flu money will not go to a single company. I believe it will continue to be distributed to many companies. Generex happens to have other lines in the water other than Avian flu vaccine, and I believe that makes GNBT an attractive "long-term" play.
Below are Intraday and 5-day comparison charts for NVAX, VPHM, HEB and BCRX:
= 3SOF Knowledge Base Update =
I started my revision of the knowledge base on the link below. You can follow the "lesson plans" for the second "newbie" group there (new content in red).
= Please, DO NOT try to post questions or comments at the knowledge base, it is locked. Post your questions and comments on THIS MB. Thank you ;) =
http://www.3stocksonfire.org/trading/index.php?topic=3633.msg32636#msg32636
= For those that need to file tax return for USA =
= All USA traders must claim capital gain/loss for stocks sold in 2005 on 2005 tax return using Schedule D =
Here's a very valuable MB thread started for tax filing for USA traders:
http://www.3stocksonfire.org/trading/index.php?topic=4709.msg51674#msg51674
New PR this morning:
Novavax Receives Additional Government Funding for HIV/AIDS Vaccine Research
http://biz.yahoo.com/prnews/060316/nyth065.html?.v=38
"MALVERN, Pa., March 16 /PRNewswire-FirstCall/ -- Novavax, Inc. (Nasdaq: NVAX - News), announced approval today from the National Institute of Allergy and Infectious Diseases (NIAID), a component of the National Institutes of Health (NIH), of an additional commitment of approximately $1.0 million to fund the third year of a 4 1/2 year research program. Novavax is developing a novel HIV/AIDS virus-like particle (VLP) vaccine as part of an NIH Integrated Preclinical/Clinical AIDS Vaccine Development Program comprised of scientists from the University of Alabama at Birmingham, Emory University, and Harvard Medical School. All three institutions are working with Novavax in a collaboration to accelerate HIV/AIDS vaccine development." more at link.
http://biz.yahoo.com/ap/060316/premarket_movers.html?.v=1
[NVAX] announced approval from the federal government for a third year of research in a four-and-a-half year program to develop an HIV/AIDS vaccine.
The company, which is also working on a vaccine for bird flu, has seen its shares enjoy a huge run-up in the last half year, rising nearly sevenfold since late August. Shares added 19 cents, or 2.7 percent, to $7.19 in heavy premarket trading on the INET electronic exchange. Shares closed at $7 on the Nasdaq Wednesday.
Generex Biotechnology Receives Patent in Mexico
http://biz.yahoo.com/iw/060316/0113474.html
TORONTO--(MARKET WIRE)--Mar 16, 2006 -- Generex Biotechnology Corporation (NasdaqSC:GNBT - News), a leader in the area of buccal drug delivery, announced today that it has been granted a patent by the Mexico National Registry of Patents titled "Proteinic Drug Delivery System Using Aerosolized Membrane-Mimetic Amphiphiles." The patent, an extant United States Patent registered by the Company, relates to an improved delivery system for the administration of large-molecule pharmaceuticals, particularly through the oral and nasal membranes. More at link.
Wow, what a nice gain days for GNBT and NVAX with great PR/news! :D
Despite Nasdaq taking a dip in the afternoon, both stocks fared very well.
As I stated before, Generex already has the non-injectable oral insulin spray (Oral-lyn) marketed in Ecuador. With today's PR announcing patent from Mexico with recent oral insulin spray data controlling blood sugar, Canada's FDA counterpart approving Oral-lyn is becoming a closer reality. Add to this the Avian flu vaccine component, GNBT is very attractive.
With that said, here's the objective technicals. MACD rose to positive territory today after 3 days of rebound off negative bottoming and RSI is just rising above 70. Volume increases of the last 3 days correspond with price increases and chart looks very bullish. Will GNBT experience another 2 months of MACD in the positive territory? With GNBT setting new 52 week highs each day, GNBT may easily hit $5 - $10 short to mid-term.
Of course, as GNBT demonstrated the last two months, expect short-lived profit taking along the way.
I am long on GNBT.
As to NVAX, very nice news release of government funding for their ongoing HIV/AIDS vaccine research. Although the funding wasn't for the Avian flu vaccine development, as I stated before, any government linked funding will attract interest for Novavax and firm up many thoughts about possible government connection/talks NVAX may have. Novavax also has a marketed product that delivers estrogen hormone in a cream suspension (Estrasorb) that already has FDA approval. It all results in more buy interest in the company that just recovered from the $1-$6-$3 run and rose from the ashes of $3 to $7.30, setting new 52 week highs this week! Nice performance. :D
[D] Investor sent me an email question asking if NVAX train has left.
Technically, MACD has been rising from bottoming the last 4 days. The RSI is at 80 with very high volume and spiking gains in price. Is NVAX ready for some profit taking? It may be. But as I posted before, there are exceptions to technical where buying pressure overwhelms the chart trends. If you look at the intraday chart, there was some selling pressure in the afternoon, but it flattened despite the sharp fall of Nasdaq.
My take is that as long as MACD remains in the positive territory, NVAX may experience the inevitable profit taking dips, but will continue to rebound and gain. The $10 target we talked about last year don't seem so far away now.
I am also long on NVAX.
More NVAX info here: http://www.nvax101.com
Thanks sandmand9571 for the post from Yahoo MB:
03/16/06 10:30 pm
Msg: 166866 of 166890
"We have had a number of tumultuous trading days in row now and maybe a good time to consider where NVAX is in the context of future events. The overall background of the progress of the virus continues to worsen by the day and this will not change.
NVAX has had 3 news events that have propelled the current move: the Bharat joint venture, the Rodman Renshaw upgrade and the government grant for the HIV vaccine.
This move cleared the 5.68 conversion level so quickly we still may be seeing some of the note holders converting into NVAX common and then selling to record their gain. This should be the next piece of news from the company. It is a POSITIVE to be rid of this interest bearing note. It will relieve NVAX of a sizeable annual interest payment. Do not let shorts or bashers tell you otherwise. On that note, to you shorts and bashers, please think of some new tack in your posts. You are the same people who posted at 4, 5, and 5. Do you really think you are having ANY effect here?
We are due several announcements conerning the drug delivery technology each of which should be accompanied by an upfront payment. There should be a worldwide deal for Estrasorb, a deal with Ranbaxy and a deal on a second drug. Any of these will serve to underline the value of NVAX's FDA approved drug delivery technology. This area of the company is totally overlooked with the focus on avian flu.
The avian flu program will get a huge boost from the impending government grant. NVAX will respond to 3 RFPs, however, NVAX has also submitted its own proposal outside of the RFPs and I believe this approach has been going on since last December. I believe the government will respond to the NVAX proposal in a strong way spurred on by the current crisis. It is this particular event which will push NVAX into double digits.
I firmly believe that Kleiner Perkins is in firm control of the NVAX PR process now. They know how to market a company as well as a concept. There will be no doors closed to NVAX now. There may be an excellent chance of some of the Gates Foundation money supporting NVAX as Klausner who chaired the Gates Foundation is overseeing the Bharat JV and Kleiner ran some of the foundation's funds. The Gates foundation has a keen interest in vaccine research as it just donated a quarter of a billion dollar to Malaria vaccine research.
NVAX is up a lot in a short period of time but the valuation still does not reflect the promise of this company. I have looked closely at the other companies in this area and nothing approaches NVAX. There will be increasing volatility as NVAX heads higher but to serious longs I'd just say remember what you own and remember what is coming. There may even be a surprise or two along the way."
Thank you for directing me to the tax info!
I appreciate it....now for the fun tax stuff... :-\
You are very welcome 422fwhp.
Here's a repost of tax info for those that still haven't done their tax return yet: ;)
= For those that need to file tax return for USA =
= All USA traders must claim capital gain/loss for stocks sold in 2005 on 2005 tax return using Schedule D =
Here's a very valuable MB thread started for tax filing for USA traders:
http://www.3stocksonfire.org/trading/index.php?topic=4709.msg51674#msg51674
Wow, another nice gain day for GNBT and NVAX fared the much anticipated "profit taking" day quite well. Actually, if you look at the NVAX analysis below, as I theorized on previous post, holders of VPHM probably sold and bought NVAX pushing the price back up in the afternoon - VPHM lost 33% today and is back down to $10 from $22!!! Wow. :o
GNBT gained $0.32 (12.21%) with almost 21 million shares traded which is more than 3 times the 3 month average volume of 6.9 million shares. I posted in the Knowledge Base last night for the newbies group that price increase with matching volume increase indicates strong buying pressure that will sustain price gains. GNBT is demonstrating such example.
Now to the technicals and the swing trading template. RSI is at 80 and rising with MACD firmly in the positive territory after going negative to positive two days ago. Chart looks very bullish with strong rise in volume. GNBT is approaching previous profit taking point based on RSI, but MACD just turned positive two days ago. If the buying pressure continues (perhaps as holders of other Avian/Bio-tech stocks sell and buy GNBT), profit taking activity may occur soon, but as seen with NVAX, maybe short lived.
Longer-term, GNBT may experience another run as long as MACD remains in the positive territory as seen during Jan-Feb run.
I am very bullish and long on GNBT.
Now to NVAX.
There was much "buzz" as to NVAX being due for some profit taking and it happened at market open. The drop was not as bad because I suspect with VPHM was selling off in a big way all day long, the sellers of VPHM probably bought NVAX, minimzing the profit taking drop and actually pushing NVAX into the green in the afternoon. (Oh, I feel for the ones who bought VPHM at $22+ and suffered the drop to $10 today. Ouch! And as I posted last night in the Knowledge Base, that's being on the "wrong" side of the trade).
= update = VPHM large drop was probably due to VPHM's Vancocin being allowed for "generic" production by other pharmaceuticals by FDA:
http://biz.yahoo.com/bizj/060317/1261456.html?.v=2
NVAX gained $0.06 (0.82%) with 9.2 million shares traded which is more than twice the 3 month average volume of 4.3 million shares. There was some drop in volume from yesterday and RSI is flat at 80 with MACD still rising due to the afternoon gain. I believe if it wasn't for VPHM drop that may have pushed the price of NVAX up, NVAX probably would have closed in the red.
So, what now for NVAX? I anticipate that NVAX may take further profit taking drop early next week, but as long as MACD remains in the positive territory, it should rebound its gain.
If you are trading according to the swing trading template, you can take profit and buy back on rebound. ;)
Good morning,
I spent the early morning updating and "cleaning" up the Knowledge Base. As many of you requested, I also posted the "blank" Swing Trading Instructions/Templates (version 7). The newest posts are in RED and gets changed to BLUE after a few days:
http://www.3stocksonfire.org/trading/index.php?topic=3633.msg32636#msg32636
After breakfast, I will start posting the info on "Rotational Swing Trading" here and also at the Knowledge Base. I see Rotational Swing Trading as a natural advanced trading principle/technique progression as the newbie trader becomes effective with swing trading.
See you all later.
My repost from Yahoo MB:
03/18/06 11:48 am
Msg: 128093 of 128093
FDA approval process in the US is so long that a small company with limited revenue stream such as Generex will go bankrupt waiting for clinical trials (often takes years).
Generex was very smart to receive "retail marketing" of Oral-lyn in Ecuador where they can start selling their product in a retail consumer market setting.
This data along with their clinical trial data, which is ongoing, will continue to be added to their existing database to be presented to the NEXT country's FDA equivalent (like Canada).
Generex receiving the patent in Mexico is huge because of the market share and the proximity to US. Don't you think many diabetics won't go to Mexico to buy Oral-lyn if it is effective for Diabetes? Heck, I don't like needles and if I can spray Oral-lyn 20 min before meals and 20 min after, I will make monthly trip to Mexico and get some Oral-lyn. Think about that...
Ok, now that you had time to thnk, Generex was very smart to go to Ecuador and Mexico and Canada. With the money raised recently from sale of warrants, Generex as a company can keep growing and raise revenue (even with recent sale of more stocks, GNBT price kept going up). I posted previously that best time to release more warrants to raise capital is when the stock is hot and rising in interest/price.
With money on hand and the sale of Oral-lyn in Mexico a certainty, approval in Canada is not far away. This all helps FDA approval in US. Generex will probably approach European Union next, if they are not already in talks with EU.
Oh, and Generex is also an Avian play. Dang, this stock's got several pipelines that just keeps going with their buccal (mucosal) delivery of medications.
This is why I am long on GNBT. Check the links below: (Thanks tecam1950 for the link)
http://www.drugdevelopment-technology.com/projects/oral-lyn/
http://www.generex.com/news/default.asp
Yahoo GNBT MB has been crazy all morning on a weekend day again! Over 128,000 posts!!!
My repost from Yahoo MB:
03/18/06 03:38 pm
Msg: 128265 of 128265
ggekko558,
And there will be many more such alerts for GNBT as it rises above the stock radars.
I see a nice gain week next week as "BUY" alerts go out from many stock brokerage houses.
This week's performance by a tiny micro-cap company called "Generex" will get a lot of new attention like NVAX did when it was trading around $1-$2 in the fall of 2005.
But Generex has much more going for it then just the Avian flu vaccine. The non-injectable oral spray insulin has great potential that has world-wide sales market base. That's big.
My repost from Yahoo MB:
03/18/06 04:48 pm
Msg: 128283 of 128284
The traders here can't see the global diabetic market that's not being serviced.
Oral spray insulin will not only provide "comfort" of not having to inject, but do you know that each dose of insulin uses individual "disposable" syringe?
You multiply several syringes times the total number of insulin users worldwide, the cost saving of syringe production is staggering.
As far as I know, the Oral-lyn is delivered in common spray pump bottle that can hold many doses, perhaps days or even weeks' worth.
If the cost savings is there, there will be a massive shift in insulin delivery, regardless of "comfort" issue or not. Money is money, world wide.
03/18/06 04:50 pm
Msg: 128284 of 128353
And, currently, the insulin syringes must be disposed of as "medical sharps waste" that either gets incinerated or goes to landfills if properly treated.
Oral spray eliminates these extra steps/costs and saves our landfill/environment also.
Yes, Oral-lyn is enviromentally friendly. Will it get the support of "green conscious" world?
Oh yes!!!
03/18/06 06:27 pm
Msg: 128374 of 128374
ronfrak,
Generex is a Canadian company. If Oral-lyn is sold in Mexico and Canada, Generex don't even have to get FDA approval. Diabetics in US will get Oral-lyn from either Mexico or Canada!!!
Think about that!
More GNBT buzz at Yahoo MB ... and this is about annual cost of Oral-lyn for diabetic patients in Ecuador and potential future revenue for Generex: Thanks sp1ketrader for the post.
03/18/06 06:46 pm
Msg: 128388 of 128391
"So lets go with the info we have - 50$ a month per patient in Ecuador, and that Oral-lyn will be marketed for about that, probably a bit more, say 60$ a month per patient (and that is in South America).
I'm guessing that the real value here is with the 'RapidMist' patent, which will probably allow them to sell it anyway they choose to.. not to mention the size of the potential market.. anyone had a chance to think through the numbers ?
Lets see.. revenues.. 60 * 12 = 720 dollars per patient per annum
Even with 'just' say 100,000 users in 2006 we get to 72 Million in revenues this year -
A Million users in 2007 and the revenues spike to 720 Million...
10 Million in 2008 and we have 7,2 Billion...
Even with relatively near-term earnings of say 100 Million, and a PE of say 30, you are looking at a Market Cap of 3 Billion - a 15 bagger from here...
And thats just one of the products in the Generex pipeline... "
Another issue was raised at Yahoo MB by ivalexy but corrections were provided for his misinformation already covered by previous Generex PR's:
"..."Oral-lyn spray will only be used to replace the injectable insulin before meals. Even with Oral-lyn, the patient still has inject himself in the morning and the evening..."
THAT'S NEWS TO ME....
I thought all along that Oral-lyn will replace insulin injection altogether. It really teases you a bit...it really will not avoid the
pain and trauma of injections. Did Generex ever clarify or mention this Oral-lyn limitation?"
and here is my response:
03/18/06 07:12 pm
Msg: 128405 of 128407
ivalexy,
Obviously you are not familiar with Diabetes. Oral-lyn is a short-acting regular insulin replacement.
No diabetic will take short-acting regular insulin in the morning or at bedtime. If they do, they will go into hypoglycemic shock.
Instead, diabetics will take long-acting insulin like NPH or 70/30 mix. I am sure Generex will make Oral-lyn for the longer-acting insulin, since the delivery is the same regardless of the medication.
That is why Oral-lyn is used to replace the short-acting regular insulin for meals.
= update = LarryMacc's post states, according to GNBT Investors Relations, Generex will be working on the longer-lasting insulin delivery to eliminate any injections:
03/18/06 09:28 pm
Msg: 128486 of 128490
"Apparently, their (GNBT) next focus will be on a system that will eliminate those two Needle requiredments."
Oh my, it's been another "frenzy" day on Yahoo GNBT MB. The new interest in GNBT is amazing.
Well, back to the topic of swing trading.
As of today, I will start posting a natural progression of swing trading I will coin the term as "Rotational Swing Trading." I will also post the Rotational Swing Trading info at the Knowledge Base:
http://www.3stocksonfire.org/trading/index.php?topic=3633.msg32636#msg32636
What is Rotational Swing Trading?
History:
Several weeks back on this MB, I outlined that the short-term swing trading template represents the smallest of the wave patterns of Elliott Wave Theory. http://www.stockcharts.com/education/MarketAnalysis/elliotwavetheory.html
With the short-term swing trading template proven to be effective 95%+ for trending stocks, many asked how they should stage and line up the next stocks to be short-term swing traded.
I have been thinking about finding indicators to represent the larger groups of Elliott Wave Theory wave patterns and initially developed the draft of mid-term swing trading template undergoing tests right now.
Then it hit me one day that my method of staging stocks off the 20-40 stock monitoring list needs to be improved. You see, I have been staging stocks that are "good" candidates but as I focus on the stocks I am holding, often good buy/sell entry/exit points pass by for other stocks. While wishing I had more money to trade on these good buy/sell points I realized something.
For the past month or two, I have been focusing on 1-3 stocks and buying/selling at short-term swing trading template buy/sell points. Often, I would be holding two or three positions at the same time. This often resulted in missing the bottoming of MACD/RSI for stocks that are lined up.
Creation of Rotational Swing Trading:
If you follow the short-term swing trading template's buy/sell indicators, you can essentially buy low as MACD is bottoming and rebounding with RSI at (30-50) and sell high as MACD is peaking with corresponding RSI hitting 70-80+.
= This is for advanced swing trader = What if you take several stocks you are familiar with and can accurately time the bottoming of the MACD of those stocks and put them on a "rotational schedule" and perform Rotational Swing Trading as each stock's MACD is bottoming and peaking? Impossible? Well, we have demonstrated that we can accurately time the buy/sell points of one stock based on the short-term swing trading template's indicators.
If you have been trading for some time, you will be familiar with a group of stocks and their previous performance (we need about 3 months time period). If you are willing to spend some time calculating the MACD bottom/peak cycle and projecting the bottoming of stocks that started their price correcting drop, you can estimate the bottoming of the MACD and schedule the stocks for Rotational Swing Trading, so you are always buying at bottom and selling at peak and immediately buying the next stock on rotation where the MACD is at or near the bottom and rebounding.
I have been doing some of this rotation this month and last month. My timing is getting better within 1-3 days, but I see potential for even more accurate timing because you only need 2-4 stocks to perform the rotation.
I will post the Rotational Swing Trading Template draft later this weekend.
to be continued...
Nice point sp1ketrader, from Yahoo MB. Generex is a Canadian company and I suspect that Canadian government would certainly "help" a native company with such a "global" health solution (BTW, the Canadian government stands to benefit from the Generex revenue also) 8)
03/18/06 09:15 pm
Msg: 128472 of 128478
I also find it very interesting (fortunate) for Generex that the revised Health Canada policy came into effect on March 1st and that Generex seem to be the first to benefit from it!
"This revised policy statement is effective as of March 1, 2006 and replaces the previous policy dated February 1, 2003."
(I'd like to think this is more than a coincidence and that it shows that Canada Health clearly see the benefits of Oral-lyn and know it can help reduce the harmful effects (and associated costs to the state) of missing injections...)
http://www.hc-sc.gc.ca/dhp-mps/prodpharma/applic-demande/pol/noccrev_acrev_pol_2006_e.html
Wow, another early morning of frenzy on Yahoo GNBT MB and I can barely keep up with the number of posts! (128600+)
These are comments from diabetics themselves regarding Generex's Oral-lyn (oral insulin spray):
03/19/06 09:13 am
Msg: 128595 of 128694
I am a diabetic, have been for 20 years and I have been on many different oral drugs and in some cases many at the same time. Why? Because they lose their effect on the body. After the pills the natural path is insulin. Insulin works. I can prove it, I'm still here, Yup, 76 and still kicking. So why not just stay with insulin? I intend to. I have so many needle marks in my body you would thing I have a new set of pores. 3 times a day the needle enters my body. Three times a day I swab with an alchol swab and load a needle and inject it into my body. I rotate the spot of injection so as not to cause a reaction. Sometimes I hit a blood vessel and some blood comes out. Sometimes the injection turns black and blue.
None of these things can be helped. The injection sites are the upper arm, the stomach and the upper thigh. The stomach is the one that gets me. I'm fat and can't see the injection site. Yea, I know, I am on a diet. Lost 22 lbs. Anyhow! Oral-Lyn is a welcome addition to my fight to stay alive. Its not a cure all. To date nothing has cured diabetes, but it sure as hell will make life better for me. It won't stop all of the pricking of my skin though. I still have to test my blood sugar levels. So I stick a pin in my fingers 3 times a day, sometimes 4 or 5 times a day. Boy if they could figure a way to check the sugar level in the blood without sticking a needle in my skin I would be walking on air. I'm sure that will come some day, but for now I can hardly wait for Oral-Lyn. AND you bet your ass I own this stock. Any company that saves me this much pain deserves my support.
03/19/06 09:37 am
Msg: 128601 of 128696
I feel your pain, at least in my fingers. I am a type 2 diabetic so although I test my blood sugar 3X daily I do not have to inject myself would insulin. I cannot imagine having to do that.
Would it be nice for some journalist to do a story on someone in Ecuador who is now using Oral-lyn and how it has changed their life? We all know what Ora-Lyn can do. We need a personal up close if you will news story.
This would be huge for GNBT but even more to the people like you, to give them hope in disposing those needles forever.
My repost from Yahoo MB:
03/19/06 12:53 pm
Msg: 128714 of 128714, Msg: 128720 of 128747, Msg: 128743 of 128748
I am an aggressive technical swing trader and normally would recommend that you take profit at this point as RSI is above 70-80+ and MACD having reached the positive terriotory in just 4 days from the negative rebounding point. However, because the buy interest has been so high last week (almost 30% gain last week!) with increasing volume as we approached the end of the trading week (typically stocks sell off on Friday afternoon as daytraders and position/trend traders close out their trades), GNBT GAINED on Friday afternoon - very bullish indicators for Monday market open. We are certainly due for some profit taking, but I believe it will be short lived or overcome within intraday.
I have been trading GNBT since sub-$1 range and what I see is the same as NVAX and VPHM of last year ($1 to $6 for NVAX and $2 to $22 for VPHM).
If you run the 1 year weekly chart with MA 5/10, RSI and MACD, chart is very bullish and RSI has already surpassed the previous profit taking run of Oct-Nov: (remember this is a 1 year weekly chart, not daily) http://stockcharts.com/h-sc/ui
I rarely go long on a stock, but I am recommending that you hold GNBT long at least until $5-$10+ range. Any more good PR/news/patents (newest one was issued in Mexico for Oral-lyn in March 2006), GNBT has the potential to go much higher.
Yes, there will be profit taking activities along the way as GNBT climbs, but many are kicking themselves for having sold NVAX or VPHM at $2-$3 range when these stocks went much higher.
The key is MACD. GNBT experienced sustained gain during Jan-Feb with MACD in the positive territory. The early March dip was due to release of warrants which allowed Generex to raise much needed capital and they currently hold $31 million, which is the best cash position they have held in history. The balance of warrants to be exercised is small (about 800,000 left) and should not affect GNBT price since its daily trading volume is so high right now. The release of warrants was a win-win for Generex and traders because it generated working capital for Generex and allowed many to buy GNBT shares on dip.
I anticipate that as long as MACD remains in the positive territory, GNBT will sustain its steady climb towards $5 - $10+ range. Generex has been very active and I anticipate that they will continue to keep releasing pertinent PR/news about the status of their product pipelines.
BTW, like many bio-tech stocks, GNBT was trading at $10 - $25 range in 2000 and dropped with the rest of the bio-tech sector. Many bio-tech stocks that are Avian plays have made their rebounds (like NVAX) and others are making steady comebacks as sector as a whole has received new buying interest and long-term gain prospects with higher and higher analyst targets (NVAX went from $3 in December with analyst target of $6 and now trades at $7+ with increased analyst target of $10).
At $1, I said GNBTwas cheap. At $2-$3, GNBT is still cheap. With Generex having great pipelines such as Oral-lyn and Avian vaccine development, as price gains, it will draw the attention of more individual retail traders/investors and Mutual/Hedge/Institutional fund managers' interest. At $3 - $5, GNBT will be a bargain for fund managers looking for non-injectable insulin play. After last week, GNBT will rise above many stock radars and start qualifying for these "serious" long-term investment money.
slurppy123 posted on Yahoo MB that AMGN once traded at $2. ;) Yes, I have traded AMGN before and for Generex to reach such price levels, it will need to continue to grow and improve their company fundamentals. Generex is a tiny mico-cap bio-tech company with huge growth potential. If they manage and grow the company well, world-wide market distribution of their buccal delivery lines of products (like Oral-lyn) may take them to AMGN levels.
Time will tell.
Thanks digitaltradz for the post from Yahoo MB:
03/19/06 03:13 pm
Msg: 128845 of 129032
CEOCast NEWS JUST OUT---
New 52-week high: Shares of Generex Biotechnology Corporation (NASDAQ: GNBT), a leader in the area of buccal drug delivery, reached a 52-week high of $2.98 after the company announced additional preliminary results (10 weeks) of a long-term (six month) clinical trial of Generex Oral-lyn, the company's proprietary oral insulin spray product, in adolescent and young adult patients with Type-1 diabetes mellitus. This data showed that adolescents and young adults with diabetes continued to control their blood sugar levels when they switched in a clinical trial from injectable insulin to a kind that can be sprayed into the mouth. In the first 10 weeks of a six-month trial Type 1 diabetes patients started off with standard insulin injections to stabilize their blood sugar, and then switched over to the oral insulin spray Oral-lyn around the fifth week where patients' blood sugar levels remained stabilized into the tenth week of the study. Additionally, Generex announced that it has been granted a patent by the Mexico National Registry of Patents titled "Proteinic Drug Delivery System Using Aerosolized Membrane-Mimetic Amphiphiles." The patent, an extant United States Patent registered by the company, relates to an improved delivery system for the administration of large-molecule pharmaceuticals, particularly through the oral and nasal membranes. The patent covers formulations for the delivery of peptidic drugs, vaccines, and hormones and enhances the company's existing drug delivery platform patent portfolio. The stock climbed 74 cents to close the week at $2.94.
http://finance.yahoo.com/q?s=GNBT
= Rotational Swing Trading Template Update =
Ok, I finished my first "Beta" draft of the Rotational Swing Trading Template (see below). It is the first version and I need to put it to test next.
Like the Short/Mid-term Templates, it will continue to evolve and be refined as time goes on. Take a look at the Instructions and the Template itself and see what you think.
The Short/Mid-term Template represents the smallest of the Elliott Wave Theory wave patterns and the next group of wave patterns while the Rotational Swing Trading Template allows the trader to simplify the lining up and timing of the buy/sell cycles of multiple qualifying trending stocks on a single template. ;)
= For newbies to swing trading = Since the Rotational Swing Trading Template is a Beta draft version, please master the effective use of the Short-term Swing Trading Template before moving on to the Mid-term or Rotational Swing Trading. However, you are more than welcome to practice the more advanced template use "on paper."
Have fun and enjoy! :D
I also added this post to the Knowledge Base:
http://www.3stocksonfire.org/trading/index.php?topic=3633.msg32636#msg32636
Good morning.
Very nice pre-market activity with bid at $3.10+ and 500,000+ shares traded.
Nice gain day for GNBT and NVAX! :D
As I posted before, as RSI for both stocks are above 80+ and with the buying pressure and volume extremely high, daily volume and price activity must be used as the primary indicator on a day-to-day basis and less on the technicals.
GNBT gapped up right at market open and gained $0.39 (13.27%) to close at $3.33 and was up additional $0.12 (3.60%) in afterhour trading, finishing at $3.45! All this while trading an amazing 27 million shares in volume which is almost 4 times the 3 month average of 6.9 million shares! Wow! There was a lot of talk of GNBT being overbought and due for profit taking over the weekend. Well, I believe profit taking did take place, but as I posted this past weekend, with buying pressure so high, the profit taking may be short-lived or be "absorbed" intraday like what happened to NVAX last Friday.
NVAX also showed fairly early gain and continue to gain steadily all day long adding $0.95 (12.91%) to close at $8.31 and like GNBT was up additional $0.09 (1.08%) in afterhour trading to finish at $8.40! 15 million shares in volume traded is 3.5 times the 3 month average of 4.3 million shares. Looks like Friday's intraday profit taking paved the way for NVAX to continue gaining into setting new 52 week high of today.
As I posted this weekend and last few weeks, Bio-tech sector and especially Avian plays have experienced a large drop post year 2000 and many have not rebounded fully. With the Avian bird flu scare on the world-wide media 24/7, I believe this sector holds some nice stocks with growth potential. As an example, GNBT was trading around $20-$25 range in 2000 and with promising PR/news/patents/sales of their product lines and continued Avian Vaccine development, GNBT and other Bio-tech stocks may well reach and surpass their previous trading ranges.
Time will tell, but I am all smiles here. ;D
Another Bio-tech stock I have been monitoring, but have not covered is HEB because of its low daily and average trading volume. I normally only cover stocks with higer than 1 million daily volume and HEB broke through that mark recently.
If HEB continues to maintain the volume level, I will continue to cover until MACD and RSI reaches previous profit taking levels of 80. Will HEB surpass previous profit taking levels like GNBT and NVAX? We can monitor this stock and keep applying the Swing Trading Template and see if it does.
GNTA is another stock I monitor for my 20-40 stock list. Last week, I was not sure of the true rebounding activity so I did not post (in midst of GNBT 30% gain frenzy ;)), but GNTA continues to improve the technical indicators.
The daily volume has fallen, and I attribute this partly to the massive volume of buying activity of Avian related Bio-tech stocks like GNBT and NVAX. If the rebound continues with sustained volume levels, GNTA may rise to the previous profit taking levels.
= Rotational Swing Trading =
Those that are thinking about putting the "Beta" Rotational Swing Trading Template to the trial test, consider this. I am putting together my 2-5 lists of stocks to use for my Rotational Swing Trading, and volatile stocks such as HEB and GNTA with predictable MACD/RSI swings are what I am looking for.
Stocks such as GNBT with almost linear gain pattern should be held "long-term" or until technicals indicate that the stock is becoming more volatile. GNBT is my first "long" recommendation and coming from this aggressive swing trader, it means a lot to those that follow this MB.
I will continue to chronicle my trial of the Rotational Swing Trading Template with other qualifying stocks. To be continued ...
Good morning.
News of NVAX releasing 5.2 million shares at $7.30 has lowered the premarket trading at about $7.76 with 2 million shares already traded. I recommend selling NVAX and buying back on rebound.
http://yahoo.reuters.com/stocks/QuoteCompanyNewsArticle.aspx?storyID=urn:newsml:reuters.com:20060321:MTFH35645_2006-03-21_13-33-46_BNG205955&symbol=NVAX.O&rpc=44
GNBT is already trading at $3.54 ($0.20 more since yesterday's close and even afterhour trading of $3.45!) moving over 900,000 shares!
http://biz.yahoo.com/ap/060320/bird_flu_mover.html?.v=1
Investors Buy Into Bird Flu
Monday March 20, 4:48 pm ET
Bird Flu Vaccine Maker Shares Jump on Heightened Fears
NEW YORK (AP) -- As U.S. health and government officials nervously wait for the bird flu to land on U.S. soil, investors wasted no time in buying up shares of companies working on avian flu vaccines and treatments.
= I am speechless = WOW =
As of market open this morning, I was vested 100% in GNBT after NVAX news of releasing 5.2 million shares.
GNBT gapped up again at market open and I thought the brief selling might indicate much anticipated profit taking activity, but GNBT rebounded right back to the market open price and continue to have "stellar" gain in the afternoon with the gain of $0.90 (27.03%) and traded a whopping 41 million shares which is almost 6 times the 3 month average volume!!! Truely amazing!!!
GNBT's afternoon gain comes in light of market's general fall in the afternoon. Perhaps many bio-techs and other stocks sold off and bought GNBT as represented by the comparison intraday chart.
As I posted before, I will use daily volume and price activity as my primary indicator until GNBT becomes more trendable.
For some reason, AVAN, which is a stock I also have been monitoring but the technical indicators have been getting worse the last two days with relatively low volume, but shot up $0.66 (35%) to close at $2.54 while trading 6.7 million shares. This is with no release of PR/news today.
I am puzzled. Was this because of GNBT being the lowest priced Avian Bio-tech stock (for now ;)) with huge growth potential (due to non-injectable oral insulin and buccal delivery system) and AVAN got a "me too" spiking gain? If anyone knows why AVAN spiked up today I would appreciate it.
I think they got $40 M
For many that asked about the long-term future of GNBT:
I stated since the $1-$2+ range that I see Generex as the "best micro-cap bio-tech Avian play" with the best long-term growth potential due to non-injectable oral insulin (Oral-lyn) already marketed in Ecuador with recent patent from Mexico and 'Fast Track' application to Canada's equivalent of US FDA. In addition, Generex is an Avian play, which makes this stock more attractive than your regular Avian stock due to Oral-lyn and patented buccal delivery system pipelines: http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2Fsearchbool.html&r=0&f=S&l=50&TERM1=generex&FIELD1=&co1=AND&TERM2=&FIELD2=&d=ptxt
Yes, GNBT is my first "long-term" recommendation made on this Swing Trading MB for the reasons mentioned. GNBT has much more to gain as Avian bird flu spreads to US. First news of Avian bird flu case discovered in US will push many Avian stocks even higher than they are trading right now. http://www.generex.com/news/
Near-term, I believe the $5-$10 range is very achievable. With anticipated PR/news of Avian spread to US and Oral-lyn sales/approvals, $20 may not be too far of a target with current rate of gain with sustained buying interest for GNBT that's been demonstrated this year.
= Rotational Swing Trading Template Trial update =
Here's the trial Rotational Swing Trading Template in action. As you can see, I am holding GNBT long-term until it becomes more trendable.
HEB is the first Rotational Swing Trading stock and should continue to gain until technical indicators move from HOLD to SELL column.
Good morning.
Wow, GNBT already trading at $4.41 premarket with over 1 million shares traded!
= update = Now trading at $4.29 premarket with over 1.2 million shares traded.
= update = Now trading back up at $4.32 premarket. Looks to be a volatile day.
What happened to GNBT this afternoon is suspicious.
According to Yahooo, Generex financials were released at 9:00 AM EST (6:00 AM PST) and this should have had an affect early not during the last hour of trading.
http://finance.yahoo.com/q?s=GNBT
There has been some talk of profit taking as GNBT approaches the $5 mark, but the sudden drop in the afternoon seems much more than that. On Yahoo MB today, there's some talk about stock manipulations by MM's, but I am not sure if that's all there is.
Good news is that GNBT had a very strong rebound during after hours trading of $0.1555 (4.82%). Many stocks would be happy to see 4.8% gain during a trading day! ;) If this represents anything, I am not sure if MM's have much control during after hour trading. What happens pre-market tomorrow morning should tell us more about GNBT.
I've been trading GNBT since the sub-$1 range and have very comfortable "pad" on GNBT. I have experienced with NVAX that popular fast gaining stocks become volatile at times as profit margins grow very high. Regardless of what caused today's drop (I assume the release of financials and many taking short-term profit as GNBT approached $5 mark), with today's large drop, I anticipate a rebounding gain as elements of GNBT and future growth potential remain the same.
I am still long on GNBT. As I always post, if you are "nervous" or "uncomfortable" about a stock at anytime, you can sell and buy back on rebound or when your comfort levels improve. Stock trading certainly has its share of risks. If you are not aware of these risks and are not willing to take these risks for your overall portfolio gains, then there are always mutual funds.
= update = Many on Yahoo MB are posting that they took profit today and will be buying back tomorrow. With such a large drop, this far surpasses "profit taking" and I anticipate a rebounding day because many traders will hope to capitalize on buying back at the lowest "bottom" of profit taking sessions. Time will tell.
Hello LL
Hope GNBT will rebound. I am learning a lot from you.
Today I noticed STTK which looks similar to GNBT and has more volume because of recent company news. What do you think about it?
Ok, I can dust myself from the fall and "examine" the bigger picture.
If you look at the BUY/SELL points chart, today's SELL was indicated by RSI "overbought" condition with very rapid peaking of MACD. Holding a long position with GNBT, I was prepared for a 5% profit taking, and perhaps even 10% drop. I was not ready for a 23% drop in one day (actually 19% drop if you take into account of 4.8% gain in after hours trading) ;)
I have traded GNBT since the sub-$1 range and have a very comfortable "padding" built in. It would have been nice to take profit today and buy back tomorrow (I am certain many who took profit today will do just that). This newbie is still learning. :D
sivgeet, I also ran the BUY/SELL points chart for STTK and you can see that RSI and MACD peaking is similar to GNBT. I recommend that STTK has reached the qualifying SELL point with RSI indicating "overbought" condition with MACD peaking. If STTK continues to gain, it will be a short-lived gain.
Here's a recent example of sustained gain with very high RSI as long as MACD remains in the positive territory.
I know, I watch SWB, but it is a low volume stock. I use the daily volume of at least 1 million for the Swing Trading MB.
May be I will have a sub-section that tracks low volume high gainer. ;)
Good morning,
Premarket action is very positive! Bids already up $0.3555 (11.02%) at $3.58.
= update = premarket around $3.55 at 10%+ gain.
= update = premarket back upto $3.57 at 10.7% gain at 06:16!
= update = back up to $3.58 at 06:21!
= update = pushing through $3.60 at 06:29 with over 2.5 million shares traded!
I have a good feeling about rebounding today.
Nice rebounding day for GNBT.
I posted yesterday that the sudden large drop in the last hour of trading was suspicious. Certainly there has been much discussion on the MBs as to the drop being an "over-reactive" price correction to stock manipulatin by MM's. I will post more on this later.
GNBT rebounded with the gain of $0.27 (8.23%) after jumping up at market open to $3.60. GNBT went through several cycles of rise/fall intraday, representing the extension of profit taking of yesterday afternoon (With such swings intraday, you also have to factor in daytraders activities). ;) 31 million shares were traded, which is more than three times the 3 month average volume of 9.4 million shares.
With yesterday's large drop, RSI is now below 70, but as RSI rebounds back above 70, I want you to compare GNBT with SWB's extended gain run even with RSI at 70-80+ as long as MACD remained in the positive territory.
In regards to yesterday's sudden price drop, here's the post from Knobias.com:
http://www.knobias.com/individual/public/news.htm?eid=3.1.55678c031047d0363d375917bc21609757b17f7354aeb4b1cce45789bb535cf4
GNBT: Shares Rebounding After Hit From Rumor
Thursday , March 23, 2006 09:56 ET
"Bird flu" is the new Wall Street buzz word. How long it lasts is another thing all together. Migratory patterns and length of time between migrations isn't exactly the expertise of those who read and write this. "China" is still around today as it has been for the past 5 years, while the "internet" has been replaced by words like "wireless" or "RFID", even though the latter isn't really related to the internet, it is technology based. These buzz words usually are associated with companies that do not make any money at all and are easily susceptible to any type of outside influence. If a Blue Jay coughs outside the window of President Bush, the stock shoots up 10%. If a few message boarders and chat roomers ban together to spread rumors about a company's product, what happened Wednesday to Generex Biotech Corp (GNBT) will happen.
The company is engaged in the research and development of drug delivery systems and technology. To date, it has focused on developing a platform technology for the buccal delivery – delivery to the oral cavity for absorption through the inner mouth mucosa – of drugs that historically have been administered only by injection. The Company's buccal delivery technology has application to a large number of drugs.
But the company has also become deeply intertwined into the bird flu vaccine search. Just recently, they presented its findings at the Third Annual DNA Vaccines Forum in London. Leading up to the presentation and following it, shares continued their rally until Wednesday when a rumor was floated about the company's vaccine. Also mentioned was the idea that the company was located in a condo and that they had only a couple of employees. The results were disastrous to longs and joyful for those who could find shorts.
In any event, shares have rebounded by 10%, after shorts and conspirators made their chunk of change. Industry competitors NVAX and HEB are also trying to go green after their two day plunge.
Just don't think that the bird flu era is over with this move the past two days and if you see a blue jay blowing its nose, run the other way.
Here's another post regarding yesterday's drop from traderflash.com:
http://www.traderflash.com/Commentary/Swing-Trading/gnbt-update.html
GNBT: Trading Update
by Justin Kuepper
We first featured GNBT back when it was at $2.60 on March 16th. Since then, the stock had risen almost $5.00 before retreating during yesterday's trading to around $3.25. This retreat caused a shake-out, during which many position traders took profit. What's the situation now? Let's take a look at the chart: (see below)
Yesterday's downward move was accurately pinned using Fibonacci extensions (not shown for chart clarity, but notice the retracements coinside with key price levels). Now we see that the price has retraced to the first Fibonacci support level at around $3.40. Why did this occur? Well, financials were released; however, this was at 9:00AM, and the stock didn't move down until just before 3:00PM. This leads us to believe that the move was most likely due to swing traders taking profits. It is important to note, however, that the numbers released were not good, but speculation of the drug data makes those numbers irrelevant in the eyes of many (priced for potential, if you will).
From here, the price could either rebound from yesterday's trading (if all swing positions have exited), in which case the best entry is at $2.95 - $3.00. Or, the stock could retrace further to the key support area of $2.40 - $2.50 (if trading remains bearish). It would require strong selling to move below this point. Be careful to watch the volume numbers and direction during the first few hours of trading (not premarket), and to keep tight stops. Also, keep an eye out for future results regarding its Oral-lyn drug, as this is what everyone is banking on.
Here is another post by AntandSons.com
http://www.antandsons.com/blogger.html
posted by Ant & Sons at 2:09 PM March 23, 2006
Generex Biotech's Wild Ride on Insulin Product
Generex Biotech (Nasdaq: GNBT) has continued to rise since last week, jump started by early data from a clinical trial that showed its insulin product Oral-lyn was effective in controlling blood sugar levels in adolescents and young adults with type 1 diabetes. The rally topped off yesterday with a new annual high of $5.02 that quickly evaporated in late day trading in the midst of unexplainable heavy selling during the last hour of trading. Today, however, investors and institutions are supporting shares that have become a bit more reasonably priced. Generex stock is now up $.26 to $3.48, looking to break out higher above $3.50, on three times average daily volume.
This story by USA Today is very worthy of mention since it "showcases" GNBT as the "leading" Avian flu vaccine stock. Yes, this is "USA TODAY" - a mainstream media publication that is read worldwide. And they list Generex as the "leading Avian stock" to invest! Very nice indeed.
Will this article bring more buying interest to Generex in the future? You bet![/b]
http://www.usatoday.com/money/markets/us/2006-03-22-bird-flu-usat_x.htm?csp=34
Posted 3/22/2006 10:15 PM Updated 3/23/2006 12:42 AM
Wall Street lays plans in case bird flu strikes
By Adam Shell, USA TODAY
NEW YORK — Bird flu has yet to come even close to the USA's borders, but Wall Street analysts are already crafting advice on how investors can inoculate their portfolios if a pandemic breaks out.
Not since the SARS scare in Asia in spring 2003 — when Hong Kong stocks plunged 10% in six weeks before rebounding after the virus stopped spreading — has a health-related crisis put investors on edge.
Wall Street, which makes its living betting on what the future may look like, has been busy concocting what-if scenarios, handicapping winning and losing stock sectors, and educating clients in the science of bird flu. Recent ink devoted to the H5N1 virus:
•Special report. Citigroup recently sent clients a comprehensive 46-page report on bird flu that includes a brief history of the virus, risk factors and stock picks. The report was compiled by stock strategists, economists, government policy experts, epidemiologists and currency analysts from Europe, Japan, Australia and the USA.
•Stocks to watch. TrendMacro, an investment strategy firm that caters to big institutional investors, created an Avian Flu Index in October that now consists of 17 health care stocks that develop vaccines, anti-virals and other products likely to be in great demand if the avian flu scare morphs from a mere threat to deadly killer.
•First of a series. David Kotok, chief investment officer at Cumberland Advisors, on Friday released the first in a series of reports that will focus on the financial risks and psychological impact on investors.
"We thought it was important to get ahead of the curve on something that's going to become of increasing concern to the capital markets as the disease spreads," says Paul Heldman, senior health policy analyst at Citigroup.
Birds could reach USA in months
Avian flu primarily affects poultry but on rare occasions can infect humans, says the World Health Organization. More than 100 people have died from the virus since 2003, WHO says.
Earlier this week, U.S. government officials said migrating birds infected with avian flu may reach the USA within months. The virus has already spread across Europe, Asia and Africa.
The fear is that H5N1 will adapt into a strain that can be transmitted from human to human. If a fully contagious virus emerges, its global spread is considered inevitable because people will lack immunity to the virus, WHO says. Given inadequate supplies of medicines to fight the virus, large numbers of deaths could occur. So could massive economic and social disruptions.
On the list
That's why Wall Street has added bird flu to its list of market negatives that include terrorism, protectionism, rising interest rates and Iran's nuclear ambitions.
"Why should investors care about the risk of a pandemic? Because the risk of a planetwide outbreak is very real. It's happened before," says Donald Luskin, chief investment officer at TrendMacro.
The 20th century had three influenza pandemics:
The Spanish Flu in 1918 killed an estimated 50 million people, WHO says. The Dow Jones industrial average suffered a maximum loss of 11.1% in the peak death period, according to data compiled by Ned Davis Research (NDR).
The Asian Flu in 1957 and the Hong Kong Flu in 1968 resulted in estimated deaths of 2 million and 1 million, respectively, says WHO. The Dow fell almost 14% in 1957 and nearly 9% in 1968, NDR says.
The scenarios
How stocks do this time depends on what plays out:
•Best-case scenario. Markets will cheer if the virus never becomes transmissible from human to human. In that case, Luskin says, investors can make money investing in companies that make vaccines and testing therapies.
Examples, he says, include Gilead Sciences, the inventor of the anti-viral drug Tamiflu, which is being stockpiled by governments around the globe; Hemispherx Biopharma, which is seeking final approval for its anti-viral drug Ampligen; and Sinovac Biotech, a Chinese vaccine maker.
•SARS-like scenario. A mild pandemic that is contained could add up to a buying opportunity, says Citigroup's Heldman. Many of the stocks likely to decline from flu-related panic selling, such as airlines (Continental), hotels (Hilton) and shopping malls (Simon Property) would likely enjoy rebounds.
•Worst-case scenario. That's if a full pandemic hits, the economy shuts down, people die. Airlines, hotels and other businesses that involve travel or crowds will fall sharply. Citigroup says shares of drug companies, vaccine makers, and hospital and health care stocks (Tenet, Community Hospitals) will rise. Home entertainment providers, such as Blockbuster, should fare well. So, too, could safe investments such as Treasury bonds and cash.
But, "The losers will come under severe pressure," says Heldman. Adds Luskin: "It will be like Hurricane Katrina on a global scale."
Woody Dorsey, behavioral market strategist at Market Semiotics, says the fact that the virus can spread quickly and cause widespread havoc means it is likely to be more damaging to the economy and financial markets than a terrorist attack or severe hurricane.
"We're moving into a 'bio-era' where computer viruses, physical viruses and fear move around the world quickly," he says. "It's the downside of globalization."
Wow, this is eye opening! Thanks creekrat88 for the post from Yahoo MB.
Kinda, makes some sense as to what goes on at the stock market place. There's a discussion on Yahoo MB as to how much of this still goes on. Makes you ponder. Hmmmmm. :o >:(
03/23/06 08:51 pm
Msg: 148620 of 148790
http://www.thestreet.com/_yahoo/stocks/brokerages/10273590.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
Hedge Fund Shells Out in Shorting Probe
By Matthew Goldstein
Senior Writer
3/14/2006 2:19 PM EST
Click here for more stories by Matthew Goldstein
A New York hedge fund manager will pay $16 million to settle allegations arising out of a two-year-old investigation into manipulative trading in the market for private placements by small-cap companies.
The penalty agreed to by Jeffrey Thorp is the largest settlement assessed to date by the Securities and Exchange Commission in the investigation into trading abuses in the $18 billion-a-year market for PIPEs, or private investment in public equity.
The PIPEs investigation is focusing on allegations of abusive short-selling by hedge funds trying to take advantage of the usual decline in shares of companies that sell these deals.
A short-sale is a market bet that a stock will decline in price.
Securities regulators, in a civil complaint filed in federal court as part of the settlement, charged Thorp with carrying out an illegal short-selling scheme involving 23 separate PIPE deals from 2000 to 2002. Regulators allege Thorp profited by engaging in "naked shorting,'' a manipulative practice that enables traders to defy the laws of supply and demand by shorting even when no shares are available to borrow.
In all, the SEC contends, Thorp generated $7 million in illicit profits from his illegal shorting scheme. As part of the settlement, Thorp agreed to forfeit those profits, plus $1.8 million interest. Thorp and his Langley Partners hedge fund agreed to pay $8 million in civil penalties.
The unlawful trading by Thorp, who could not be reached for comment, took place in PIPE deals by a number of well-known biotech firms: AVI BioPharma (AVII:Nasdaq), MGI Pharma (MOGN:NYSE) and Generex Biotechnology (GNBT:Nasdaq). Other PIPEs that regulators allege Thorp manipulated were ones by HealthExtras (HLEX:Nasdaq) and TiVo (TIVO:Nasdaq).[/b]
"This case is an example of our ongoing effort to stamp out fraud and abuses by investors in the PIPEs market, and it will continue,'' says Scott Friestad, associate director in the SEC's enforcement division.
The SEC contends Thorp carried out the naked-shorting scheme with the assistance of an unidentified Canadian broker. Over the years, critics of the PIPEs market often have alleged that U.S. hedge funds were carrying out abusive trading strategies in Canada, where the rules against naked shorting were less stringent.
A year ago, U.S. securities regulators, in part because of the PIPEs investigation, took steps to make it more difficult for traders to engage in naked shorting in this country. Friestad says he believes Canada has taken a similar action.
Regulators say the naked shorting scheme was critical to Thorp's strategy because it enabled him to make short bets on the shares of companies doing PIPE deals, even when no shares were available for him to borrow from a broker in the U.S. The naked shorting, according the complaint, enabled Thorp to "earn larger profits'' when a stock declined in price because he "had no borrowing limitations.''
In other words, the illegal strategy gave Thorp a big advantage over other investors in these PIPE deals who used legal means to short shares as a hedge against a decline in the price.
In a typical short sale, a trader borrows shares from a broker, sells them, and then hopes the stock falls so he can replace his borrowed stock at a lower price. The short-seller makes money by pocketing the difference between the borrowed shares he sold and the ones he purchased.
But in a naked short sale, a trader places short bets without actually borrowing the stock first, or even determining that any shares are available to borrow. This way, naked short-sellers are freed from a key check of the short-sale process -- the need to find willing stock lenders. Critics claim such operations create excessive downward pressure on certain stocks and can create chaos as buyers await undeliverable shares.
Left unchecked, naked shorting can lead to an anomalous situation in which the total number of shares sold short on a stock exceeds its float, or the number of shares available for trading.
On a similar note, here's some more info on the "not so straight" stock market:
The Associated Press/NEW YORK
http://www.businessweek.com/ap/financialnews/D8GG5SIOF.htm?campaign_id=apn_home_down&chan=db
Day traders accused in securities scheme
MAR. 21 3:12 P.M. ET Several former and current officers, directors, and managers of a Manhattan day trading firm were charged Tuesday in a superseding indictment with participating in a "front-running" securities fraud scheme that generated more than $800,000 in illegal profits, prosecutors said.
New charges were filed against Robert F. Malin, vice chairman and president of A.B. Watley Group Inc., and Linus Nwaigwe, the company's director of compliance and a former National Association of Securities Dealers compliance examiner; Michael A. Picone, Watley's former chief operating officer, and Keevan H. Leonard, Watley's former supervisor of proprietary trading.
Also named in the superseding indictment were several people originally indicted in August 2005. They include Kenneth E. Mahaffy, Jr., a former Merrill Lynch & Co. and Citigroup Global Markets Inc. stock broker; Timothy J. O'Connell, a former Merrill stock broker; and David G. Ghysels, Jr., a former Lehman Brothers stock broker.
In addition to the criminal charges, the Securities and Exchange Commission filed a civil complaint against Malin, Nwaigwe, Picone and Leonard.
"Front-running" occurs when stock brokers inform traders outside the brokerage firm, such as day traders, that a customer of the brokerage firm has placed a large order to buy or sell a particular stock, prosecutors said. The information allows day traders to trade in the same stock before the customer's order is executed, in anticipation of a movement in price. As a result, the firm's customers often do not obtain as favorable a price as they might have.
Steven Scaring, counsel for Mahaffy, has not seen the new indictment yet, but expects that his client will plead not guilty to it as he did to the original indictment.
"We will try to get this case tried as soon as possible. Mr. Mahaffy fully expects to be vindicated," Scaring said.
O'Connell's lawyer, Mildred Whalen, also said she hadn't seen the superseding indictment. "But it is my understanding that there are no new charges against Mr. O'Connell, that the new indictment added on defendents," she said.
Attorneys representing Ghysels, Malin, Nwaigwe, Picone and Leonard were unavailable for comment.
The superseding indictment unsealed Tuesday alleges that between January 2002 and February 2004, Mahaffey, O'Connell, Ghysels and Coughlin routinely provided day traders at three New York City-based day trading firms with customer order information, which was disseminated through internal speaker systems, known as "squawk boxes."
Some of the brokers also accepted cash bribes from the day traders in exchange for squawk box access, prosecutors said.
The superseding indictment alleges that the day traders profited from the scheme by trading ahead of the large orders that were broadcast through the squawk boxes. When the squawk boxes disseminated information concerning a large sell order for a particular stock, the day traders would "short sell" the same securities before the larger order was executed.
Either way, the day traders profited from the movement in price, prosecutors said.
"By bribing unscrupulous stock brokers, the former A.B. Watley managers and day traders who were charged today were able to secretly tap into a steady flow of extremely valuable, confidential information from some of Wall Street's most well known institutions," U.S. Attorney Roslynn Mauskopf said in a statement.
Prosecutors also announced Tuesday that Paul F. Coughlin, another former Merrill broker, and William B. Deakins, a former Watley day trader, pleaded guilty to related charges of conspiracy to commit securities fraud for their roles in the scheme. Ralph D. Casbarro, another former Citigroup broker, pleaded guilty to conspiracy to commit securities fraud last October.
Attorneys for Coughlin and Deakins were also unavailable for comment.
Well, with all that behind now, how about a recap of oral-insulin spray "Oral-lyn" history for those new to Generex and "Oral-lyn" - Thanks tcaiboy for the link from Yahoo MB (I think we may need an "orientation and information" package or link for the new buyers of this great company): ;)
03/24/06 12:00 am
Msg: 148917 of 148917
http://www.webmd.com/content/Article/107/108564.htm?pagenumber=1
Insulin Mouth Spray Works Fast, Study Shows
Insulin Product Sprayed Inside Cheek, Still Awaits Approval
By Daniel DeNoon
WebMD Medical News Reviewed By Brunilda Nazario, MD
on Thursday, June 16, 2005
An insulin mouth spray works faster and seems to be just as effective as insulin injections, a new study shows.
The insulin mouth spray is a product called Oral-lyn from Generex Biotechnology in Toronto. A small Generex-funded study in Israel indicates that Oral-lyn might make life easier for some people with type 1 and type 2 diabetes that need insulin.
The study shows that the insulin mouth spray works faster than insulin injections, says Gerald Bernstein, MD, Generex vice president for medical affairs. Bernstein is a past president of the American Diabetes Association.
"The beauty of it is, it can be taken just before you eat and just after you eat," Bernstein tells WebMD. "This is a very fast insulin. It is regular insulin, which ordinarily is slow, but when sprayed into the mouth, it gets into the bloodstream very quickly."
Oral Insulin Spray Mimics Normal Insulin
When a healthy person eats a meal, blood sugar levels go above normal. This triggers the release of a hormone -- insulin -- which brings blood sugar levels back down again. This crucial mechanism is missing in people with type 1 diabetes and doesn't work well in people with type 2 diabetes.
Self-administered insulin injections offer control over spiking blood sugar. But it's tricky. The insulin injection has to be taken ahead of mealtime. And because insulin levels don't go down as soon as blood sugar is under control, a person may have to snack to avoid a blood-sugar crash.
And there's another issue. Many people, especially children with type 1 diabetes, dread having to take frequent insulin shots.
What's on the Horizon
That's why Generex -- and many other drug companies -- are working on different ways to deliver insulin. Other companies are developing inhaled insulin products, insulin skin patches, and even forms of insulin that can be swallowed.
The Oral-lyn study, by Simona Cernea, MD, and colleagues at Hadassah Hebrew University Hospital, in Jerusalem, looked at seven healthy volunteers. At different times, the volunteers took various doses of Oral-lyn ranging from five to 20 puffs or a placebo spray. They also received one injection of regular insulin.
The bottom line: Oral-lyn started working faster -- and quit working sooner -- than injections of regular insulin. The more puffs of insulin people sprayed into their mouths, the more insulin they had in their blood. The findings appear in the June issue of Diabetes Care.
That's good news, says Robert Rizza, MD, the newly installed president of the American Diabetes Association. Rizza is professor of medicine in the division of endocrinology, diabetes, nutrition, and metabolism at the Mayo Clinic College of Medicine in Rochester, Minn.
"In order to control blood sugar, you have to have a match between how quickly blood sugar goes up after you eat and how quickly insulin goes up," Rizza tells WebMD. "This paper shows a pretty good match. This gives yet another, perhaps a more convenient way to get that needed profile."
Is This Trip Really Necessary?
Insulin is one of the great breakthroughs for modern medicine. It's already saving untold numbers of lives. But are these new forms of insulin really something that will help patients?
Yes, says Rizza.
"Anything that makes insulin simpler and easier to take is a major step forward," he says. "Many people's blood sugars are higher than need be. But they wait too long to start taking insulin and subject their bodies to harm. So anything that allows you to control your blood sugar sooner is likely to be a benefit."
While the Oral-lyn product looks promising, Rizza notes that many other products are working their way through the clinical trial process.
"A lot of imaginative ways have been come up with to get insulin into the body," he says. "If they work out, it will be up to the individual person to decide what form is most convenient."
Bernstein says that Oral-lyn will soon be licensed in Ecuador, where diabetes researcher Jaime Guevara-Aguirre, MD, has been conducting clinical studies. Within the year, Bernstein expects definitive clinical trials to begin in Canada and in Europe. Still larger trials -- yet to be planned or even funded -- would be needed for U.S. approval.
SOURCES: Cernea, S. Diabetes Care, June 2005; vol 28: pp 1353-1357. Gerald Bernstein, MD, vice president for medical affairs, Generex Biotechnology, Toronto. Robert Rizza, MD, president, American Diabetes Association; professor of medicine, division of endocrinology, diabetes, nutrition, and metabolism, Mayo Clinic College of Medicine, Rochester, Minn.
For those new to GNBT, here's the link to Generex news: http://www.generex.com/news/
My repost from Yahoo MB:
03/24/06 12:18 am
Msg: 148929 of 148929
gerraf54,
The world needs to know the "truth" about Generex and "Oral-lyn" for the "evolutionary" development of diabetes treatment.
Like what email/fax did for proliferation of communication compared to regular "snail mail," Generex and "Oral-lyn" will do for injected insulin!
NON-INJECTABLE INSULIN WILL HAPPEN ON A GLOBAL SCALE!!!
The only people who are fighting this are the big-pharma and manufacturers of insulin syringes who won't make money off Oral-lyn and buccal delivery system [patented by Generex]. http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2Fsearchbool.html&r=0&f=S&l=50&TERM1=generex&FIELD1=&co1=AND&TERM2=&FIELD2=&d=ptxt
Think about it. The "BIG" picture on a "GLOBAL" scale.
Here's a question from riverwins2001.
"I dont understand this technical analysis point would you expand?"
My response:
03/24/06 12:45 am
Msg: 148942 of 148944
riverwins2001,
Normally, for trending stocks, as RSI (Relative Strength Index) reaches previous profit taking levels (typically 70-80+) with corresponding MACD peaking, profit taking occurs and stock price falls until RSI and MACD bottoms. (see HEB chart below for example of trending stock)
When the buying pressure and trading volume is high (like GNBT has been), then instead of this normal rise/fall of RSI/MACD, the stock continues to gain in price as long as MACD remains in the positive territory (I used SWB as an example as the stock has continue to gain since January despite RSI having remained above 70-80+ with MACD in the positive territory. Infact, SWB gained again today.)
Dang, I forgot to post the latest Generex Insider buying info! :P
http://finance.yahoo.com/q/it?s=GNBT
= Rotational Swing Trading Template Trial Update =
I changed the "long-term" HOLD/SELL criterias for GNBT (see HOLD/SELL boxes).
As of yesterday, HEB hit SELL indicators. I will continue to monitor HEB and BUY back if most/all of BUY indicators are present for second rotation.
I am lining up the next stock to swing trade while holding GNBT long.
Good morning,
GNBTalready at $3.62 and traded 677,000 shares already! Very promising today.
Would like to know what your take is on the Smartmoney article? Seems every suspicious to come out so late. What an AH frenzy...
What do you see for Monday?
= update = strut1702, I posted my comments on the SmartMoney article below.
What will be significant is premarket trading activity just before the market open on Monday after traders had a chance to examine the "real" issue behind the article over the weekend. (read my comments below)
Good evening,
As to Wednesday afternoon's drop, what I have suspected all along is that GNBT may be target of many hedge/mutual fund managers. Their large volume buys/sells will have volatile influence on a popular stock's price.
As I posted last year and last night on this MB thread, many may "artifically" manipulate the stock's price so it can be bought at lower prices. Will the "average" individual retail stock traders like us know if that's the case? We may never know what really happens when such large buy/sell requests go out to brokerage houses.
As to today's GNBT's intraday activities, another day of strong rebounding gains after Wednesday's afternoon drop. GNBT gained $0.23 (6.59%) and closed strong as it gained on Friday afternoon's trading session when traders close out their trades often pushing stock prices down. 26 million shares were traded with 3 month average volume of 9.9 million.
I believe as long as MACD remains in the positive territory, GNBT will sustain the gain.
Quote from: LiveLife on March 24, 2006, 08:19:32 PM
Perhaps someone on the MB's can shed some light on what happened in afterhour trading.
THe manipulation??? It was a reaction to this article:
http://yahoo.smartmoney.com/undertheradar/index.cfm?story=20060324&afl=yahoo
For the Birds
By Lawrence Carrel Published: March 24, 2006
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Here's a weekly look at some small-capitalization stocks that are making big moves on Wall Street.
AS FEARS RISE THAT avian influenza will erupt into a world-wide pandemic, so too have risen shares of tiny biotechs that purport to be developing treatments for the disease. All are unproven, yet that doesn't seem to be deterring investors from loading up on the stocks every time the words "bird flu" appear in a headline or show up in a press release.
"There are some stocks that go up because the smart money realizes that the dumb money will buy when certain news events happen," says Peter Cohan, president of Peter S. Cohan & Associates, a management-consulting and venture-capital firm in Marlborough, Mass., "and this looks like one of those times."
There's no denying that the H5N1 strain of avian flu is highly contagious among poultry. Its presence can decimate entire flocks. According to the World Health Organization, 186 people have come down with avian flu over the past three years; 105 of those died from it. The disease, which can spread from birds to people, hasn't been shown to be transmittable from human to human. Scientists fear that could change as the virus mutates; thus, the worry of a global outbreak. Until recently limited to Asia, avian flu has now been detected in Africa and Europe.
Several small-capitalization biotechnology companies have jumped on the avian-flu bandwagon, much to the delight of shareholders. The likes of Novavax (NVAX: 7.51, +0.23, +3.2%), BioCryst Pharmaceuticals (BCRX: 18.74, +0.04, +0.2%), AVI Biopharma (AVII: 6.65, -0.15, -2.2%), Hemispherx Biopharma (HEB: 3.78, +0.24, +6.8%) and Generex Biotechnology (GNBT: 3.72, +0.23, +6.6%) have seen their stock prices double, triple or more over the past year. None has an avian-flu treatment that's even close to Food and Drug Administration approval.
Among them, Novavax is perhaps closest to delivering a viable product. The Malvern, Pa., company received a grant from the U.S. National Institutes of Health in 2001 to develop an avian-flu vaccine. In September 2005, Novavax's experimental vaccine created an immune response in mice during a preclinical trial. On Tuesday, it presented more preclinical data at the World Vaccine Congress in Washington, D.C.
"Our vaccine dose response experiment was shown to elicit a robust protective immune response at a low dose, single-innoculation and no adjuvant," says Rick Bright, Novavax's vice president of vaccine research. The biotech is currently conducting its final preclinical trial and plans to start clinical trials this fall.
In a rarity among avian-flu plays, Novavax is profitable thanks to its two estrogen replacement therapies on the market, Estrasorb and Gynodiol.
At the other end of the spectrum is Generex. It has no approved products on the market. For the six months ended Jan. 31, the Canadian company brought in revenue of $87,500. Its loss for the period nearly doubled year-over-year to $23.4 million. And for the past year, Generex hasn't been able to pay off its debt.
Despite the financial struggles, Generex saw its shares surge 320% year-to-date (through Thursday) and 546% over the past 12 months. Not bad for a stock that faces the threat of delisting. In July, its auditors also expressed "substantial doubt" about the company's ability to continue as a going concern given its losses, negative cash flow from operations and dearth of working capital.
"An investor should say, even though Generex is losing money now in a few years it will make so much money it's worth [seven times] more now than a year ago," says Cohan, the venture capitalist. "I can't see any basis for that forecast. The reason it's going up is because there is a class of investor that will buy it whenever bird flu is mentioned in the news."
Generex's Antigen subsidiary is developing an avian-flu vaccine, which wasn't even mentioned in the company's annual report for fiscal 2005 (ended July 31). But according to a Securities and Exchange Commission filing related to its fiscal second-quarter ended Jan. 31, the vaccine is in preclinical development. Trials in humans aren't expected for at least six months.
Antigen, which Generex acquired in August 2003, is no stranger to diseases du jour. It claims to be working on treatments for breast cancer, prostate cancer, HIV, smallpox, melanoma and severe acute respiratory syndrome, better known as SARS, in addition to avian flu. Antigen's most advanced indication, a breast-cancer vaccine, is currently in a Phase I trial.
Despite a decline in R&D spending, Generex continues to fund an aggressive public-relations campaign. Just about every other week for the past six months it has posted a press release related to its avian-flu vaccine. Some announcements were consequential; most weren't. On Nov. 2, Generex issued a press release saying it would make a presentation at a scientific conference. On Nov. 4 another press release relayed that the company had, in fact, made the presentation.
Percent increase for Novavax, BioCryst Pharmaceutical, AVI Biopharma, Hemispherx Biopharma and Generex Biotechnology over the last year.
--------------------------------------------------------------------------------
Page 1 | 2
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Under the Radar Archive
Under the Radar
For the Birds
By Lawrence Carrel Published: March 24, 2006
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(Page 2 of 2)
Birds of a Feather
Other beneficiaries of avian-flu hysteria face equally formidable uphill climbs. BioCryst, up 295% over the past year, has nine drug candidates, with its most advanced, a leukemia treatment, in Phase II trials. Peramivir, its influenza inhibitor that's being tested on avian flu, recently won fast-track approval from the FDA. It just entered a Phase I trial. AVI Biopharma saw a 155% surge these past 52 weeks. It deals in what are called antisense drugs that have shown effectiveness in binding to genetic material to prevent viruses from propagating. AVI's experimental treatment, NeuGene, has been shown in preclinical testing to be effective against all strains of influenza A, including seasonal flus. AVI spokesman Michael Hubbard says NeuGene is moving into Phase I safety trials on humans later this year.
Hemispherx makes Alferon N, an FDA-approved treatment for genital warts. But it's the biotech's interferon inducer, Ampligen, that makes it a candidate against avian flu. For the past 10 years, Ampligen, which reproduces the body's natural antivirus mechanism, has been in trials for chronic fatigue syndrome. David Strayer, Hemispherx's medical director, says the chronic fatigue indication just completed Phase III testing. The company is preparing to submit if for FDA approval. Hemispherx's stock price has soared 137% from where it was a year ago.
This isn't the first time a health scare has driven demand for tiny biotechs. SARS, a highly contagious and potentially fatal form of pneumonia, left streets in Hong Kong deserted in 2003 and decimated the travel industry for a time. Small caps promising to find a cure for SARS soared. Some of the very same companies are now working on avian flu.
Even biotechs with seemingly legitimate drugs failed to prosper long term from the SARS scare. In April 2003, GenVec (GNVC: 2.19, -0.04, -1.8%) surged 75% to close at $2.68 after it received a $420,000 government grant to create a vaccine. Three years later, the company still doesn't have one. The stock closed at $2.23 Thursday. SciClone Pharmaceuticals (SCLN: 3.27, +0.06, +1.9%) looked like a pure play on SARS. Over the first six months of 2003, the stock tripled to $9.50 as sales for its lead drug, Zadaxin, surged in China. An immune booster, Zadaxin wasn't specifically designed for SARS, and it never gained approval in the U.S. Phase III trial results released in December failed to show statistical significance. SciClone closed at $3.21 on Thursday.
There's no question that some short-term momentum players profited on SARS — and are making a mint on avian flu. The same can't be said for long-term investors. Bottom line: Don't buy and hold avian-flu stocks if you're seeking investments for the long haul. The risks are too great, and the fundamentals are out of sync with share prices. Consider that even if a biotech has a viable product, the typical path from early development to FDA approval can take up to 10 years. And while the FDA could expedite the process for an immediate threat, Joe Pantginis, an analyst at Canadian brokerage Canaccord Adams, points to VaxGen (VXGN: 9.55, -0.10, -1.0%) as a cautionary example.
"Vaxgen got an order to stockpile anthrax vaccine in 2004," says Pantginis. "It's 2006 and they are still a year-plus off from filing for approval from the FDA."
Generex's Insulin Shock
Generex, one of the biggest beneficiaries of the avian-flu scare, deserves a closer look because the frenzy over its stock appears to be compounded by high hopes for its experimental diabetes product, an oral insulin spray called Oral-lyn. With diabetes growing at epidemic rates, Wall Street loves the idea of a safe and effective form of insulin that doesn't involve needles. Pfizer's (PFE: 26.02, -0.14, -0.5%) Exubera, an inhalable insulin treatment, won FDA approval in January.
David Kliff, publisher of the online newsletter The Diabetic Investor, says Exubera may not turn into a blockbuster. The inhaled insulin needs to reach the lungs to work properly, but Kliff says some patients are having difficulty administering the drug properly. Other large pharmaceutical companies including Eli Lilly (LLY: 58.86, +0.82, +1.4%) and Alkermes (ALKS: 24.15, +0.09, +0.4%) are working on deep-lung insulin delivery systems, but so far only Oral-lyn makes the claim that it can be absorbed in the mouth.
Kliff says the company hasn't begun any of the clinical trials needed to gain approval in the U.S. Oral-lyn did win regulatory approval last year in Ecuador. Sales are expected to start there by August. But the results of the Ecuadorian clinical trial that were released March 8 left much to be desired. The study consisted of just 24 teenagers and five adults and didn't have a control group against which to compare the effectiveness of Oral-lyn, according to Kliff.
Anna Gluskin, Generex's chief executive and chairman, disagrees. "We've done a lot of clinical trials, and every single trial we've done has had a control group. Every single one," she says.
According to Generex's own press release, patients in the trial had blood-sugar levels normalized with traditional therapies prior to the administration of Oral-lyn: "Because the study participants were referred to [the Institute of Endocrinology in Quito, Ecuador] in varying states of diabetic control, it was necessary to metabolically stabilize them using standardized therapy prior to the commencement of the study."
"In other words, before study participants used Oral-lyn, they used conventional injection therapy to get their diabetes under control," says Kliff. "Using Oral-lyn had nothing to do with getting the participants under control. The strange design of this study makes any data gathered irrelevant. There is no way to conclusively prove that Oral-lyn was beneficial at all or to what extent Oral-lyn contributed to the patient's control.... Quite frankly, the Ecuador trial is a joke."
Generex has published abstracts of studies testing Oral-lyn on small groups, including this one on six people in Ecuador.
The largest study published on Generex's web site consisted of just 26 subjects. There are no results available to the public from the types of large-scale trials required for FDA approval.
Yet Generex rarely passes up an opportunity to issue a press release. Its PR machine appears to be helping the stock. Last May, the Nasdaq Stock Market warned Generex its shares would be delisted if it didn't get the bid price above $1 for 10 straight days by Nov. 21. It managed to move above a buck for 14 days in early November before falling back to 83 cents by Jan. 1.
Generex counts on its stock to stay up and running. According to SEC filings, on Sept. 20 the company failed to pay the outstanding principal on two promissory notes totaling $600,000. As a result the noteholders were allowed to convert the debt into nearly 800,000 shares of common stock. Generex also agreed to such terms with other lenders. Shares outstanding soared to 64 million as of Jan. 31 from 35 million a year earlier. On Feb. 27, in a prospectus offering to sell another 24 million shares, it reported outstanding shares had risen to 70 million. This figure didn't include the 29 million shares that are issuable upon the exercise of outstanding options and warrants.
"I like the concept of Oral-lyn," says Diabetic Investor's Kliff, "but this is all sizzle and no steak. This is a very dangerous stock."
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Oral-lyn is the most importan thing for gnbt, if the writer don't know this, he is just a basher
strut1702, I read the SmartMoney article again and realized some things.
http://yahoo.smartmoney.com/undertheradar/index.cfm?story=20060324&afl=yahoo
The article was released at 4:44 PM EST and certainly raised some "concern" during afterhours trading causing the "panic" sell.
What I realized after reading the article more closely is that when the article mentions that "[Generex] has no approved products on the market" the article is addressing "Avian" related products, which is true. But either does other Avian stocks right now. ;)
But my long-term interest in Generex IS NOT due to Avian flu vaccine development, but rather based on the future potential of their oral-spray insulin product (Oral-lyn) which is already marketed in Ecuador, recently received patent from Mexico, and their buccal delivery system has already received patent from the US patent office:
http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2Fsearchbool.html&r=0&f=S&l=50&TERM1=generex&FIELD1=&co1=AND&TERM2=&FIELD2=&d=ptxt
The SmartMoney article will certainly have an affect on Avian stocks next week, especially stocks that are "only" Avian plays.
The release of the article after the market close was a fortunate thing as traders will have the weekend to examine the article more closely and find out that the trouble really applies to "pure" Avian stocks which the article is addressing (stocks that have gained on speculation of Avian bird flu scare. And do you get the sense that they may be "jealous" of those that may have profitted from the recent Avian stock gains?). ;)
Generex with their pipelines based on the patented buccal delivery system and already marketed and approved retail product Oral-lyn will be even more attractive to other Avian stock holders as they may elect to sell "pure" Avian plays and buy GNBT on Monday for "safer" Avian holding with the long-term growth potential of Oral-lyn/patented buccal delivery system already on the market.
As I always post, you can sell anytime you feel "nervous" or "uneasy" about a stock. I believe the afterhours trading drop was due to "misinformed panic" by those that indeed have bought Avian stocks on speculation without having spent time to research the company and products/patents/news in full, such as Generex Oral-lyn, US patented buccal delivery system, approval of patent in Mexico for Oral-lyn, retail sale of Oral-lyn in Ecuador, and the anticipated approval and sale of Oral-lyn in Canada and Mexico.
Time will tell. I am still long on GNBT! ;)
sorry, they mentioned Oral-lyn
msg_stock, consider this:
Ok, I have gone through these issues already with NVAX in 2005/2006.
= If you think about it, in some ways, the SmartMoney article will drop the Avian stock prices down so that, perhaps, hedge/mutual fund managers who missed out on the gains can buy them cheaper? Can you say "manipulation?" IMHO =
So, here are my recommendations for GNBT for Monday:
1. If you are nervous, uneasy or uncomfortable about the SmartMoney article, sell GNBT on Monday's market open. If you anticipate a price drop, you can sell to buy back on rebound.
2. Once you sold, you can hold cash while waiting to see what happens to Avian stocks in general and GNBT.
3. If GNBT rebounds, buy back.
4. If GNBT does not rebound, then buy another stock or continue holding cash until you find a suitable replacement stock to buy.
This is a free country and you have free choice as a stock trader on the free stock market.
Here a repost from Yahoo MB, thanks yeahiamsogreat for the post/link.
03/24/06 09:10 pm
Msg: 153501 of 153502
I've posted a couple articles showing Smartmoney's diabetes expert, David Kliff, and his interests in Amylin. In the Smartmoney article, he totally puts down Oralyn. But look at his opinion in this article from the American Diabetes Association!!! This article is apparently a little old, but man, this guy sure changed his tune!
http://www.mendosa.com/inhaled.htm
"Generex expects its oral insulin spray will not only eliminate the pain, anxiety, and trauma of injected insulin but will also get people with diabetes to take their insulin on schedule. And unlike injected insulin, the Generex oral insulin spray is stable at room temperature and requires no refrigeration.
For several years Lilly has had a rather quiet collaboration on inhaled insulin with Dura Pharmaceuticals Inc., a San Diego company. Dura, in fact, announced in July that it was increasing its commitment to work with Lilly on an inhaled insulin program.
Industry watchers like David Kliff, editor and publisher of "Diabetic Investor" newsletter, however, don't expect the Lilly-Dura agreement to survive Lilly's new agreement with Generex. Kliff calls the new agreement with Generex "big news," because of the easy-to-use design of the Generex RapidMist delivery device, which is similar to devices that people with asthma often use."
Interesting observation on Yahoo MB. Nice find yeahiamsogreat from Yahoo MB:
03/24/06 09:05 pm
Msg: 153474 of 153527
The writer of this article, David Kliff, is a diabetic who calls himself the "Diabetic Investor" http://www.diabeticinvestor.com/
http://www.forbes.com/2005/11/02/animas-diabetes-in_dk_1102soapbox_inl.html
"David Kliff is an independent money manager in Buffalo Grove, Ill., and is publisher of Diabetic Investor. He was diagnosed with diabetes in 1994."
Perhaps David should have written today's article on Avian stocks with the diabetic twist.
David would see the value of non-injectable oral insulin spray with patented buccal delivery system in US and Mexico.
David would have mentioned in the SmartMoney article like, "Oh, by the way, Generex is not only just an Avian play, but also holds promising future growth of non-injectable oral insulin already on the market in Ecuador with patents from US and Mexico."
Perhaps I will send David an email.
= update = I just did. Here's the repost of the email I sent to David Kliff:
"Good evening Mr. Kliff,
As a stock trader and supporter of a Swing Trading message board at 3StocksOnFire.org as "LiveLife," I have a question. http://www.3stocksonfire.org/trading/index.php?topic=3635.msg53319#msg53319
What is your comments/thoughts on the SmartMoney article that was released this afternoon that mentions Generex grouped together with the Avian stocks, but failed to cover the non-injectable oral insulin product "Oral-lyn" and the company's future growth potential from the worldwide diabetic market?
http://yahoo.smartmoney.com/undertheradar/index.cfm?story=20060324&afl=yahoo
Has the diabeticinvestor.com done any article on Generex or companies developing non-injectable oral insulin?
I thank you in advance.
- John"
My repost from Yahoo MB:
03/24/06 09:49 pm
Msg: 153641 of 153641
I smell something fishy here, like releasing a "negative" article on Avian stocks so the price will drop for hedge/fund managers to buy them cheap.
It's my theory and probably will never be confirmed.
But the good news is that the article was released after trading on Friday. Over the weekend, traders will realize that "pure" Avian stocks will drop and buy GNBT that has patented non-injectable oral insulin "Oral-lyn" and patented buccal delivery system as their "flagship" product and Avian vaccine development as a secondary component to their pipelines.
Either way, Generex stands to retain and attract buyers for long-term growth potential of Oral-lyn/buccal delivery system while "pure" Avian stocks may suffer.
IMHO
comparing mannkind's MedTone inhaler, which one is good? mnkd just has one patent on that.
big comany? do you mean mannkind, their chairman is a billiniar.
I sent the following email to Generex Biotechnology management:
"To Generex Management,
I am writing to you as a stock holder who has some concerns about an article that was released by SmartMoney.com on Friday afternoon. http://yahoo.smartmoney.com/undertheradar/index.cfm?story=20060324&afl=yahoo
Based on the information I have researched on Generex and the pipelines of products, I feel that the SmartMoney article may not have accurately represented Generex. The sudden response to the article during afterhours trading was unwarranted if the information about Generex is not correct.
Will Generex management release a press release in response to SmartMoney's article to protect its interest and millions of shares held by investors? As a stock holder and supporter of your company and products, I have recommended a "long-term" hold position at 3StocksOnFire.org Swing Trading message board. Your response to SmartMoney's article and future press releases in the near future will be critical to my "long-term" recommendation of Generex. http://www.3stocksonfire.org/trading/index.php?topic=3635.555
Thank you."
you didn't suggest them to do something to protect their product from comptitor such as mnkd
Wow, Yahoo GNBT is "on fire" about the SmartMoney article! My repost from Yahoo MB:
03/24/06 11:44 pm
Msg: 154141 of 154141
Jim Cramer on Mad Money also trash talks some stocks (Like AMD last year), but his effect on long-term stock performance is short-lived.
Response to SmartMoney article may be a "knee jerk" reaction by the afterhour traders who did not even have time to read the article in detail.
Then, on long-term, the SmartMoney article's effect will be short-lived also. Once the market realizes that Generex is not just an Avian play, but holds a promising future growth potential based on their patented Oral-lyn and buccal delivery system that is already marketed.
Thanks tcaiboy for the link to "refresh" GNBT buyers' memory:
03/25/06 12:01 am
Msg: 154215 of 154222
http://www.diabetesincontrol.com/modules.php?name=News&file=article&sid=3276
Oral-lyn Insulin: First Non-Injectable Insulin Gets Released this Month
on Tuesday, November 22 @ 12:50:24 CST
Generex has escalated manufacturing capabilities to meet expected demand for the first ever commercially available non-injectable insulin product, to be launched in Ecuador at the end of the month.
Large-scale commercial production of Oral-lyn will begin in January, with the goal of producing 50,000 cans per month for the first year, to support initial sales in Ecuador. The company already has 20,000 cans ready for the launch, prepared by their pilot plant in Canada.
Generex is also preparing to file for approval of Oral-lyn in Columbia, Peru and Bolivia, and will further scale-up production in the second half of next year to produce over 2 million cans per year to service commercial sales in those additional markets.
The production of Oral-lyn will be carried out by PharmaBrand, Generex's joint venture partner, at it's existing manufacturing plant in Quito, Ecuador.
For years, the big pharmaceutical companies have been chasing the holy grail of diabetes therapies – non-injectable insulin. A range of such products are set to explode on to the market in the next few years, ensuring a bitter grapple for market share.
Surprisingly, small independent company Generex has beaten them all to market launch, receiving approval for Oral-lyn in Ecuador in May this year. However, it is unlikely to beat them to the major pharmaceutical markets of the US and Europe.
Companies who have developed pulmonary inhaled insulins are hot on the heels of Generex, with Exubera developed by Pfizer, Sanofi-Aventis and Nektar Therapeutics just been given US FDA approval, and similar products in Phase III clinical development from Eli Lilly/Alkermes and Novo Nordisk/Aradigm.
Interestingly, Generex was originally partnered with Eli Lilly to develop and market Oral-lyn but the deal that lasted only three years broke down prematurely in 2003.
Oral-lyn is a novel oral (buccal) insulin spray product, which is delivered into the human mouth by way of the company's proprietary RapidMist drug delivery system.
Non-injectable insulin will revolutionize the lives of countless diabetics and improve diabetes control, as the idea of injection deters many sufferers from taking the insulin they need.
Current estimates put the number of people with diabetes worldwide at nearly 180 million, a number which is expected to jump to 300 million in the next 20 years, and analysts predict that that first non-injectable insulin to reach major world markets stands to achieve sales upwards of $1.5 billion (€1.28 billion) a year.
"We expect to have captured 20–30 percent of the injectable diabetes market within 2–3 years," Fabio Chianelli, development manager, Generex, told In-PharmaTechnologist.com. However, this will all depend on whether the company is able to break into more lucrative markets by getting their product approved by the tougher regulatory authorities of EU and US.
The approval of Oral-lyn was based on the results of clinical trials in Ecuador involving more than 250 patients with diabetes.
However, the large-scale Phase III clinical trials required by regulators in the US, Europe, and elsewhere have not yet begun. These studies will involve well over a thousand patients, and must include a sizeable number of patients with over at least a year's exposure to the product.
The company is preparing to start Phase III studies in Canada and Europe early next year and in the US in the second half of next year, said Chianelli.
This raises the important question as to why, if the company is confident of the quality of their product, they chose to launch their product in South America.
"Regulatory approval in South America is much more relaxed than in other parts of the world. Lunching here first is part of our aggressive two pronged strategy, to generate revenue from sales of the product in Ecuador, in order to finance larger costly Phase III trials," said Chianelli.
"Other small biotechnology companies are usually partnered with large pharmaceutical companies and do not need to take this route. For us, money is sensitive," he said.
My repost from Yahoo MB:
03/25/06 12:17 am
Msg: 154271 of 154301
"This Wednesday's afternoon drop was VERY suspicious to me. And today's afterhour article release with afterhour trading drop was even more suspicious. Why didn't other "pure" Avian plays drop to during afterhour trading?
I suspect stock price manipulation by hedge fund managers/brokerage firms who missed out on GNBT's 400% run and wants in on the gain by artificially lowering the GNBT price by mass selling their holdings."
My repost from Yahoo MB:
03/25/06 12:22 am
Msg: 154285 of 154304
http://money.cnn.com/services/tickerheadlines/mw/06113474.htm
Yes, and here's the excerpt to prove this company is doing their job:
"The Company currently holds an aggregate of 71 patents (19 of which are United States patents) and has an aggregate 58 patent applications pending in various jurisdictions."
Are they holding these patents because they are a scam?
If Generex is a "scam" that many on Yahoo MB is claiming, why are MM/fund managers buying GNBT? Don't they have more info than us "individual retail" stock traders?
Why are they buying as GNBT is hitting 52 week highs? And why did they buy after the Wednesday afternoon's drop? They buy because they have info that tells them GNBT is going much higher than their buy price. They do this for a living full-time with millions of dollars. What do they know that we don't?
http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?t=GNBT&range=7&mgp=0&x=9&y=10&i=3&hdate=
Ok, my final post.
If you are holding GNBT shares, you got three options for Monday morning. The choice is yours:
1. Sell on Market open
2. Hold
3. Buy more
Good night and have a nice weekend!
Still the buzz on Yahoo MB about GNBT. Repost by telmatrix
03/25/06 05:34 am
Msg: 154634 of 155140
1. First of all the Yahoo AH price appears to be wrong, and not just for GNBT. But regardless... AH trades result in more volatility, or price variations between bids and actual prices. So whatever you see you gotta take it with a grain of salt.
2. Second, that "For the Birds" article went out of its way to knock GNBT, and did so at some length which struck me as odd. Folks... This guy is just a "reporter". He writes about of sorts of stuff, and a master of none. He is not a biotech scientist, and he is not an expert in the industry. The spin on the article was slanted to make himself sound like he knows something. However he would not know what a hemagglutinin-neuraminidase protein was even if it bit him on the butt. It is insane to trade based on opinions of non-experts. Have your own mind (brain), and do your own DD.(Please take care in getting the facts right as the media is having lots of fun sensationalizing bird flu; competion is fierce and they need to make revenue too.)
3. Thirdly, the avian flu is a "virus"! A "promising" cure today does not mean too much (almost a don't care), as the virus is a moving target as its binding proteins have not mutated to a more contagious form. (The media is having lots of fun sensationalizing this; competion is fierce and they need to make revenue too.) AND since avian flu results in a respiratory tract infection, whether deep in the lungs or not, it still WILL be contagious when active. TB is also a deep lung infection, and can be quite contagious. You do not want to be sitting next to a coughing person with active TB (e.g. on a plane). Jeesh... Cannot believe the spins being put out on the wires. I believe what this means is that GNBT's program with clinical trials later this year is reasonably on target to meet the market demands. The have merely announced what they are doing, and they should to "us" shareholders. I did not see any malicious attempt to hype.
4. If you are here because of the bird flu scare, then fine. But GNBT's avian flu program aside, we have other important fish in the pot... And that pot is one of gold. A significant near future revenue clock is ticking, and that is Oral-lyn.
Oral-lyn Notes:
1. It has been publicized that Oral-lyn works, and is applicable for Type 1 & 2 diabetes.
2. It is now being sold/distributed in South America.
3. It will be approved in Canada in the coming weeks. When? This summer? Not sure, but another status report is likely soon.
4. Canada is a pharmaceutical distribution center for the world.
5. Oral-lyn is insulin, with a unique delivery mechanism (*). Consequently one would expect that it would not face significant uphill hurdles in the US FDA bureaucratic process, as compared to an entirely new drug development. Also once Oral-lyn is being distributed in Canada, I can imagine that enormous pressure will be exerted on the US FDA.
6. The market for Oral-lyn is almost beyond the scope of comprehension. If it is what they say it is (and it appears it really is), the market is many, many $$$ billions. Why? Cause it is a safe bet that almost everyone will choose this alternative over a needle, or a lung inhaler.
7.Diabetes is also a "growing" market. I'm sad to say that diabetes appears to be in itself a growing epidemic. Do some DD and you'll see this to be true.
8. Oral-lyn has many $billions in potential revenue. You owe to yourself to do some DD. Take a peek at sites like http://www.diabetic.com/ (for different countires) and assume $1k year for treatment.
Notes:
(*) : Drug delivery mechanism (as I understand it), consists of two components:
A. Proprietary companion components, compounds which permit the insulin penetration of and absorption into the bucal membranes.
B. Proprietary Rapid-Mist package, which meters exact dosages and delivers to bucal membranes.
Repost by livin n the USA
03/25/06 05:51 am
Msg: 154640 of 155148
Yes I let it out. I choose to, but since you brought it back up here goes again.
Kliff and Larry should know that a person who is stable on blood shugar can remain stable from some time. But after a few meals or days depending on what is eaten a diabetic requires assistance. In the trial the needs were met by the spary. There was no medical problems no one went into shock and all went well.
In short everyone on the study who took the product did not have any problems. They were able to maintain levels of insulin that were proper. This was not a test to see if Oral-lyn would get them under control. It was a test to see under real world conditions if a diabetic who was stable would stay stable using the product. They did and it worked well.
Could Oral-lyn get people under control. We will see in future tests.
Oh, by the way, using Kliff's criteria medication that would prevent heart failure could only be tested on those whose heart was failing at the time of the test. Administering the meds as preventative would not count, since it was not used to control the problem at its worst. That dog dont hunt.
mat if you think Kliff is a doctor, go have him perform your next surgery on your or your kids. I woulod rather have medical advice from a doctor.
And finally this article by Kliff and Larry is all sizzle and no steak. It is a very dangerous fabrication.
What this campaign means is that this comapny believes in what it is doing and has and will make every effort to keep the boat afloat so that they have a chance in solving some of the great medical problems of our time.
And by the way, in the article there is mention of Antigen. Express saying that they are working on this that and the other thing, and the article presents this as if it were a problem. I do not see this as a problem. Larry appears to be saying that GNBT and Antigen Express are not telling the truth about what they are doing. He makes it sound as if the company is saying that they are doing something about everything but are doing nothing at all.
There was a day in America that when a company said they were doing something the company was taken at their word. In this case, GNBT has had meetings in Canada, Washington DC, and London about the offerings of the company. They are working towards solutions that could be revolutionary, and they really have one with the insulin spray, and Larry and his friends do not like it.
03/25/06 05:07 am
Msg: 154609 of 155160
In the article there is also a point made that GNBT was not able to pay off the outstanding debt this past year. Secondly, that GNBT paid out more then they took in. And lastly that the CFO said that things were not a great as they could be and that the company could go under if monies, income, revenue etc...
Guess what? Most companies do not pay their debts out every year. Some carry debt for many years, and that is not a problem. Matter of fact some of the time this is much better. It can be and has been a wise thing for many companies, who is to say that financing debt for GNBT is not a good thing. Could be the best thing.
And everyone knows how evil it is to spend more money then you take in. That is a sure sign of failure. But almost every startup company goes through a period of time where more goes out then comes in. It is part of business. And so is the fact that more shares are issued at times so that the company can finance corporate existance. So what!
Business is a risk. Attempting to provide a medical solution to a complex health problem is challenging and costly. It is unrealistic to think that a company can do everyting without spending anything.
And then there is this deal about reports and CFO saying that things could go under. Every small cap quarterly report, and annual report states the same thing for every company that reports to the SEC. They are required to in the risk statement. You can not punish or judge one company because they say it. They all do.
Repost by inv_123bis_1
03/25/06 06:25 am
Msg: 154669 of 155166
Its' all about manipulations...........
It happens everyday....................
Fundamentals does not change...........
Oral-Lyn is exceptional blockbuster....
If price goes down on monday I will buy,
if goes down further I will buy again,
and again.
My repost from Yahoo MB:
03/25/06 11:09 am
Msg: 155189 of 155189
"You got Canadian Company trying to get gazillion market from poor little US drug company They already raise hell cause Canada undercuts drug prices now. Time for some MAD MONEY. Uphill battle for US Market."
My reply to ralroanoke226's post above:
I suspect that some big pharma is upset about the prospect of Oral-lyn and Canada the "source" of cheaper pharmaceuticals that people in the US complained about.
and Generex "happened" to be Canadian company ... hmmmmmm .... connect the dots...
I think the SmartMoney article was a "manipulation" ploy by many (big pharma/hedge fund/mutual fund managers, etc.) to get back at Generex now that they had a great 2005 and on track to higher gains and potentially huge market share of Diabetes worldwide with NO competition from the big pharma.
Am I crazy for thinking like this?
I already posted that what happened on the last trading hour of Wednesday was suspicious. What happened on Friday AH trading in conjunction with the SmartMoney article is even more - When didn't other "pure" Avian stocks drop like GNBT? Why only GNBT? I think because GNBT was targetted and a bunch of MM/hedge fund managers staged the drop on Friday AH.
It's my theory. Time will tell what truly happened.
I am sure Generex management is aware of what happened this week and I anticipate a PR from Generex.
My repost from Yahoo MB:
03/25/06 11:15 am
Msg: 155205 of 155205
Let's take a minute and think about this week.
What is Generex management doing right now?
Really, they all know about what happened on Wednesday afternoon and Friday afternoon.
Their future is at stake and they must do something to protect their interest.
I am waiting for their PR.
If Generex is a scam, then I will drop my "long-term" recommendation of GNBT and only trade GNBT on short-term.
If Generex is not a scam, then GNBT will continue to gain and company will continue their work with Oral-lyn and buccal delivery system. And I will hold to my "long-term" recommendation of GNBT.
I already emailed Generex management an email Friday evening requesting a clarification/response PR to protect their position.
Let's see what they do next.
My repost from Yahoo MB:
03/25/06 11:19 am
Msg: 155221 of 155221
Yes, that's the fortunate thing about the SmartMoney article. It was released after the trading on Friday.
This will give traders/investors the entire weekend to get to the bottom of the truth about Generex and Oral-lyn.
By Monday, panic and misinformed will be settled down and informed.
Who knows, Generex management may already be working on a PR in response.
Let's see.
Repost from Yahoo MB:
blewitagain 03/25/06 11:21 am
Msg: 155227 of 155242
Along with regular hours tricks should be reason for the SEC to investigate this trading. Sudden plunges with all this volume during regular hours or after hours is very suspicious to say the least. I don't own the stock but have followed it closely the last few day's. Has anyone called the company for their view of what is taking place with this manipulation or is the company sleeping with the enemy? (MM'S) One minute the price is 4.80 and the next it is 3.20. Something is not right here.
My reply:
03/25/06 11:25 am
Msg: 155241 of 155241
I already sent Generex management an email.
I will post once I receive any reply.
My feeling is that Generex management is holding a meeting as we speak about what happened this week and planning a strategy.
They have a great PR company who has been working very effectively this year.
I can't imagine Generex/PR company letting things go.
I am anticipating a PR from Generex.
My repost from Yahoo MB:
03/25/06 11:31 am
Msg: 155265 of 155265
If you take a step back from this week with all the new "serious" money buy interest and media coverage (like the USA TODAY article showcasing Generex as the highest Avian gainer), those that may lose if Generex and Oral-lyn becomes successful may have been concerned.
How far will "they" go to protect "their" interests?
The big pharma are not happy about the loss of revenue/profit from the people in US buying same medications from Canada for less.
Generex is a Canadian company ready to go global with Oral-lyn. Connect the dots...
If you take a step back and look at the past and future picture, it will start to make sense.
The Diabetic market share is "BILLIONS" of dollars that pharma could lose out on to Generex. What have they done in the past? What are they capable of doing in the future?
Lies? Manipulation? Misinformation?
All very plausible.
= Important Update =
Thanks d_e_n_n_i_s_h for the link from Yahoo MB:
This is brand new on Generex website!
No link yet, so they may be working on it as we speak. Well, perhaps Generex management is working hard this weekend to respond to this week. ;)
http://www.generex.com/news/default.asp
My reply to Generex website link
03/25/06 11:54 am
Msg: 155368 of 155368
I got it screen captured and posted at 3SOF MB: They may be working on the website as we speak. There was no link, so they may repost with the link.
Just wait and check again.
Sure looks like Generex is planning a response to this week!
Very nice job Generex management! ;D
Antigen working with FDA to fast-track flu vaccine
March 24, 2006
Antigen working with FDA to fast-track flu vaccine
http://www.generex.com/news-management/templates/press.asp?articleid=249&zoneid=2
BY KEITH REGAN
SPECIAL TO THE JOURNAL
WORCESTER - Antigen Express Inc. hopes to begin early-stage clinical trials as early as this fall on a synthetic peptide vaccine that could be made simply, quickly and in large quantities to help prepare for a possible avian flu pandemic.
The Worcester firm met last month with the U.S. Food and Drug Administration and said the federal agency gave it clear instructions for moving ahead in the approval process for its vaccine - a road map that could have Antigen Express filing an Investigational New Drug application with the FDA within a matter of weeks.
"The FDA was uncharacteristically outgoing," said Eric yon Hafe, president of the eight-person firm, a wholly owned subsidiary of Toronto-based Generex Biotechnology Corp. (Nasdaq: GNBT). "They made it clear what they wanted to see from us."
The United States has seen flu vaccine shortages in recent years, and there is widespread concern that should an avian flu pandemic hit it could take years to produce enough vaccine through traditional means, which involve growing the drugs in eggs or cell cultures.
"We could produce it on a 100-kilogram scale at anyone of a number of contract manufacturers we work with. It's conceivable we could produce enough to vaccinate the majority ofthe U.S. population," said von Hofe.
Concern about an avian flu pandemic continues to mount. Last year, Congress set aside $3.8 billion to aid in preparedness, and several agencies have taken steps to speed production of new treatments, tests and vaccines. According to the Centers for Disease Control, human cases of the avian flu have now been confirmed in 37 countries, with 175 people infected and 96 dead.
At least one other firm, San Diego based Vicallnc. (Nasdaq: VI CL), is working to develop an alternative avian flu vaccine-production method using bacteria to produce its DNA vaccine.
In early March, the FDA issued guidelines clarifying the data it wants from vaccine makers. Acting FDA Commissioner Dr. Andrew von Eschenbach said that move "illustrates FDAs high level of commitment and key role in preparing for influenza pandemic, which is a top priority for our nation."
The FDA created an accelerated approval pathway for the vaccine Fluarix, used to prevent type A and B influenza, in 2005. A new lab test that reduces the time it takes to confirm avian flu from days to hours was also approved on an expedited schedule, with the FDA using what von Eschenbach called "flexible regulatory authorities."
Von Hofe hopes his firm's applicalions will benefit from that flexibility and from regulators' desire to have more vaccines in the pipeline.
Antigen Express intends to finish pre-clinical toxicity tests by late summer and is designing Phase I trials.
Antigen Express was founded in 1994 based on work von Hofe and Dr. Robert Humphries did at University of Massachusetts Medical School. Generex purchased the firm in 2003.
Repost from Yahoo MB by yachmaster1
03/25/06 12:35 pm
Msg: 155509 of 155510
I'm a believer. It's really disheartening when greedy institutions, or whomever was behind the Friday AH plunge, harm a company for sheer profit, or to benefit another company. Generix has the products that will change the face of how medicine is administered, and big Pharma is likely scared because Generix owns the patents (71 and rising).
MMs should be investigated for their role. Just look at the buys/sells (400/100/400/100). Clearly the MMs were manipulating this to bring the pps down, oh, and let us not forget the panic sellers. Idiots.
Wow, Yahoo GNBT MB is back on "fire"!!!
Repost by hstevens26
03/25/06 12:44 pm
Msg: 155557 of 155570
These articles seemed perfectly timed and targeted to say the least. The article was very biased. And really did leave misguiding infomration. It is false and they seemed to exploit all the negative in the article. This fool pumped NVAX, and compared NVAX current news with GNBT older status, which was July, and December last year.
It portrayed GNBT to be in a downward spiral; but FAILED to include:
1. Recent confidence boosters that INSIDERS bought shares of their company.
2. They seem to fail to disclose this about the company's cahs on hand exceeding 31 million.
http://biz.yahoo.com/iw/060228/0111377.html
3.
David Kliff, editor of Diabetic Investor, thinks that Generex Biotech (nasdaq: GNBT - news - people ) is a big bargain at about $2 a share. Kliff says the company has "the best technology for alternative delivery of insulin," which is by mouth - this was written before GNBT's climb to $5.02
4.
This guy made no mention of GNBT meetings with Canada government, Meeting with the Government for Antigens DNA type flu products that is being considered for funding, he made no mentions about the conference in London.
5.He made no mention about GNBT getting approval in MEXICO, He made no reference to testing that is going on in Italy.
6.The going concern statements ARE IN ALMOST ever company financial statements that needs cash.
ADA: American Diabetes Association: FYI
* GNBT's VP for Medical Affairs (Gerald Bernstein MD) WAS the past president for the ADA.
This ADA is in the USA (for all you bashers...morons..and dumbwits)
and he SAYS:
"The study shows that the insulin mouth spray works faster than insulin injections"
"The beauty of it is, it can be taken just before you eat and just after you eat"
"This is a very fast insulin. It is regular insulin, which ordinarily is slow, but when sprayed into the mouth, it gets into the bloodstream very quickly."
link is found at http://www.webmd.com/content/article/107/108564.htm
The top it says they ARE SEEKING APPROVAL...not for BF..this is for ORAL-LYN..Diabetes..they are chewing the longs up for no reason.
Repost from Yahoo MB by hstevens26
03/25/06 12:51 pm
Msg: 155594 of 155613
I concur as well
Brian MCgee : who purchased 70,000 shares (yea..he invested about $155,000 into the company)
on Febuary 28th and also ask Mindy Allport who also purchased 3,000 shares between $3.18 and $3.20
http://finance.yahoo.com/q/it?s=GNBT
Ask them if GNBT /Generex will be able to stay in business and keep afloat.
My take is if they couldn't why throw their money away...unless they saw VALUE...at those prices...
McGee bought before GNBT got their patent in Mexico and Allport bought after the Patent
http://finance.yahoo.com/q/it?s=GNBT
and why didn't they buy before? Under $2? Look what happened before they bought there shares:
TIMELINE:
Allport buys after this news:
MARCH 16th: Gnbt gets patent in Mexico
http://biz.yahoo.com/iw/060316/0113474.html
MARCH 15th: Gnbt reports POSTIVE DATE - oralyn
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B4F1EF999%2DCA81%2D4EC3% 2D8A57%2DADFA9215E3B0%7D&source=blq%2Fyhoo&dist=yhoo&siteid=yhoo
and
http://biz.yahoo.com/ap/060315/generex_oral_insulin.html?.v=1
and
http://biz.yahoo.com/iw/060315/0113256.html
MARCH 14th: GNBT is revived in BF play in UK
http://biz.yahoo.com/iw/060314/0113081.html
MARCH 8th: GNBT reports postive results in juv
http://biz.yahoo.com/iw/060308/0112475.html
MARCH 3rd: Generex to File for Canada Insulin OK
http://biz.yahoo.com/ap/060303/generex_canada.html?.v=1
and
http://biz.yahoo.com/iw/060303/0111920.html
FEBUARY 28th: *in addition to GNBT raising over 31 MILLION for cash on hand..McGee buys 70,000k at $2.21. And the help of $11 million from warrants
http://biz.yahoo.com/iw/060228/0111377.html
strong cash positon now.
McGee BUYS once day (70,000 shares AFTER THIS NEWS!!!)
http://biz.yahoo.com/iw/060227/0111153.html
interesting that GNBT's BF vaccine is aSynthetic Peptide Vaccine for Avian Influenza that Provides H5N1 Specific T Helper Stimulation
FEBUARY 13th:Generex Biotechnology Completes Positive Pre-IND Meeting With FDA for Its Avian Flu Vaccine
JANUARY 25th:Generex Biotechnology Announces Interim Results of Clinical Breast Cancer Trials
JANUARY 23rd:
http://biz.yahoo.com/ap/060123/generex_bird_flu_vaccine.html?.v=1
JANUARY 10th:
http://biz.yahoo.com/iw/060110/0105747.html
http://biz.yahoo.com/iw/060125/0107353.htm
Repost from Yahoo MB by vsmsks
03/25/06 12:53 pm
Msg: 155606 of 155633
http://www.fda.gov/oc/oms/ofm/budget/2007/HTML/5SignificantItems.htm
Food and Drug Administration
Significant Items
House Report 109-102 - AGRICULTURE, RURAL DEVELOPMENT, FOOD AND DRUG ADMINISTRATION,
AND RELATED AGENCIES APPROPRIATIONS BILL, 2006 -- Significant Items
Item
Diabetes Product Characteristics - The Committee urges FDA to develop guidance, initiate collaborations, and promote consensus development activities to evaluate the utility and need for additional biomarkers and surrogate endpoints that will assist manufacturers' efforts to demonstrate efficacy of diabetes product characteristics with clinical outcomes, and where need exists, to aid in their development and validation. Where there is a demonstrated need, the Committee urges FDA to work with diabetes stakeholders to refine therapeutic endpoints. (Page 153)
Action Taken or To Be Taken
The Committee urges FDA to work with diabetes stakeholders to refine therapeutic endpoints the agency is currently developing guidance for industry on demonstrating efficacy of diabetes products. In addition to input from within the agency, we have received input from external special interest groups, including NIH and the Juvenile Diabetes Research Foundation International. The document will be published for comment once it has completed the clearance process. We are planning to publish the draft document sometime this year.
Item
Influenza - Most experts estimate that there will be a lag time of 6 to 9 months before a vaccine can be produced in sufficient quantities to protect individuals against a pandemic strain of influenza to which most people will have no natural immunity. While issues around vaccine manufacturing, distribution, safety and access are complex; the United States and other nations are putting protocols in place now with respect to creating a rapid-response approval process for a pandemic flu vaccine. The Committee understands that FDA's Center for Biologics Evaluation and Research is engaging potential manufacturers of influenza vaccines and that FDA is writing a guidance document for the clinical development of new influenza vaccines, including pandemic influenza vaccines. The Committee encourages the Food and Drug Administration's Center for Biologics Evaluation and Research to continue its efforts in working with potential influenza vaccine manufacturers to facilitate the development of influenza vaccines for a pandemic. (Page 156)
Action Taken or to be Taken
The Committee encourages the Food and Drug Administration's Center for Biologics Evaluation and Research to continue its efforts in working with potential influenza vaccine manufacturers to facilitate the development of influenza vaccines for a pandemic. The FDA are actively engaged with sponsors and manufacturers interested in developing new technologies for influenza vaccine manufacture, including antigen sparing vaccines using both alum and novel adjuvants (a nonspecific simulator of immune response), as well as cell-culture based and recombinant (combining DNA from two or more sources) vaccines. The Agency has extensive experience in overseeing the development and licensure of cell-culture based and recombinant vaccines including those for prevention of other infectious diseases, such as chicken pox, polio, rubella, and hepatitis A and B. In November 2005, FDA convened the Vaccines and Related Biological Products Advisory Committee to discuss the use of Madin Darby Canine Kidney cell cultures, including those that are highly tumorigenic, in the manufacture of inactivated influenza vaccines.
Repost from Yahoo MB by omahasit
03/25/06 01:28 pm
Msg: 155811 of 155819
Selling at market value should ONLY be used as a 'PANIC BUTTON'. One should NEVER sell shares at market value when the price is on a steady increase. If you do, you and hudreds more like you can hinder the entire market. This is what has been happening with GNBT.
THEREFORE, specify your selling price in the sell order so the brokers do not compete against each other for lower prices to get your shares sold.
The only time this does not apply is when something in the media causes a price decline. If there is nothing in the media, and the prices are decreasing, you can most certainly blame it on amateurs that sell their stocks at so-called 'market value'. DON'T BE ONE OF THEM!!
You are likely aware that brokers make the same amount of money whether they sell your stock for 10 cents or 10 dollars. What you might NOT be aware of is that when a broker receives an order to sell your shares at so-called 'market value', your broker will not risk attempting to sell at the current asking price, nor will your broker offer it at the last price it sold for... if so, and the price happened to be dropping quickly, your broker would be left holding the bag and you'd likely be upset that your shares never got sold. Therefor, to ensure that your stock gets sold right away, your broker will sell it for OR EVEN LESS THAN the current BID price!
Even as little as ten or fifteen investors with 100 shares that simultaneously place orders to sell at 'market value' (which really means BELOW market value), can cause a chain reaction as the brokers for each compete with one another to get the shares sold as fast as possible, dropping the price each time.
When your particular stock trades millions and millions of shares per day (as GNBT does), it requires an enormous number of investors to set specific prices rather than sell at so-called market value. Sadly, it appears that a majority of GNBT stockholders are not aware that their selling habits invoke price instability.
Moreover, buyers typically offer a little less than current asking price. In the current market, this is usually good business sense. Why would they pay the asking price when at any moment a series of amateurs are going to dump their stock at market value and lower the price anyway?) So, as the asking price begins to drop, the bid prices also drop.
The only time this strategy does not make sense is when the price is increasing so steadily (which it will do if investors stop selling at 'market value', barring any bad media publicity). When the price increases steadily, investors will lose out by offering less because their buy order will never get executed. Therefore, more and more investors will begin to offer more than the asking price to acquire a position. This will all take care of itself when investors stop creating sell orders at so-called 'market value'.
And finally, many investors set up automated trade triggers... if the stock price drops to a certain level, their stock immediately gets sold to cut their losses. This also is good business sense. The inherent problem with this is that the stocks are sold at market value (which really means 'below market value').
This all causes a chain reaction as one investor's trigger dumps stock, lowers the price, and trips another investor's trigger and the cycle contines. Once the prices are driven into 'bargain' land, investors begin buying it back again. This, too, will take care of itself when investors stop creating sell orders at so-called 'market value'.
The lesson is: WHEN YOU SELL YOUR STOCK, SPECIFY A PRICE UNLESS IT IS AN EMERGENCY SALE! This, in the stock world, is tantamount to yelling FIRE in a crowded theatre.
Yahoo MB pointed out that this is not PR but NEWS because Generex did not write the article!
Good point! This added more to the article's value. ;)
= Confirmation!!! =
The shorts are at it again! No wonder, the shorts want GNBT to go down in price.
Shorts will be BIG losers on Monday as they all try to cover on Monday!!! ;)
http://www.knobias.com/individual/public/news.htm?eid=3.1.c662e32b6ef71c96bb09d6e4c0cc7a7fbe219d082c2c1b714326334ac8f8f672
Friday , March 24, 2006 16:18 ET
According to new short interest data from NASDAQ, short interest for Generex Biotechnology Corporation (NasdaqSC: GNBT) INCREASED 46.6% to 2,593,556 shares for the month ended mid-March, 2006.
SYMBOL FEBRUARY MARCH CHANGE %CHANGE DAYS/COVER
-------- ------------- ------------- ------------- ------------ ----------
GNBT 1,768,736 2,593,556 +824,820 +46.63% 1
Based on GNBT's 20-day average daily share volume of 19,794,915, it would require approximately 1 day(s) of buying to cover this short interest.
I've never posted a message on here before but i frequently read your post daily (VERY INFORMATIVE). I am not sure if you read this post on Yahoo MB but from what this guy on yahoo posted, it looks like Generex repliled to his email. take a look....
GNBT reply to my email
by: footman262000 03/25/06 04:44 pm
Msg: 156632 of 156853
Imediate below my email to GNBT
==============================================
My Email
Some simply answers to this questions, could give clarification ... & ... be help to investors.
1) The 40 million dollars, GNBT has now.
2) The Pre-IND meet with the FDA, for the Avian Flu vaccine. State,.... progress or none, as well as ... explain how close they are to submitting a IND application to the FDA?
3) Pre-NDS with Health Canada for Oral-lyn, How close are they to submitting a NDS application?
4) The Ecuador juvenile patients studies ... Provide updated info on these. How are they going?
5) How close are they, if not already ... Selling Oral-lyn in Ecuador.
Best of luck to board and employees
M
========= GNBT Response====================
GNBT reply
Generex Biotechnology Corporation management is aware of the article by
Lawrence Carrel posted on the SmartMoney.com website after market close on
March 24, 2006. While the article contains a number of categorical
falsehoods and misinterpretations, it is not feasible for Generex management
to make a fulsome public effort to correct all misinformation appearing in
the press and on internet blogs. However, outside legal counsel for Generex
has been instructed to take appropriate action in respect of the
SmartMoney.com article and it is Generex's intention to file a complaint
about the article with the United States Securities and Exchange Commission
How interesting. Thanks bluelight110767 for the link from Yahoo MB:
03/25/06 09:14 pm
Msg: 157683 of 157715
60 Minutes to cover "One of the major ones is being accused in a lawsuit of spreading negative information about a major company and then betting on its falling stock price."
http://www.cbsnews.com/stories/1998/07/08/60minutes/main13502.shtml
Thanks lojow_222 for the post from Yahoo MB:
03/25/06 09:28 pm
Msg: 157743 of 157746
Wall Street Journal
Biovail Puts Short-Seller Fight
Under Spotlight in the Media
By PAUL DAVIES and IAN MCDONALD
March 25, 2006; Page B3
Companies involved in litigation often try to avoid public attention. But Biovail Corp., a specialty-pharmaceuticals firm, has taken its legal battle against short sellers from the courtroom to the court of public opinion.
Biovail filed a sweeping lawsuit last month against several hedge funds, including SAC Capital Management LLC, an $8 billion hedge fund run by Stephen A. Cohen; Gradient Analytics, an independent stock-research firm; and David Maris, a Bank of America Corp. research analyst, alleging they had participated in a market-manipulation scheme that drove down the price of its stock.
Since then, the Mississauga, Ontario, pharmaceutical company has waged a public-relations war as well. Sitrick & Co., the firm's high-powered Los Angeles-based public-relations firm, has helped push the case into the spotlight.
"This is a major case that is generating a lot of media interest," Michael Sitrick said in an email. "We're assisting the company and its lawyers with respect to that interest."
This Sunday, 60 Minutes is scheduled to air a segment on CBS. The segment will examine how a major hedge fund "is being accused of spreading negative information about a major company and then betting on its falling stock price," according to a summary on the program's Web site. "60 Minutes" spokesman Kevin Tedesco said the program's producers were "still working" on the story in a phone message and didn't return other calls.
Biovail's tough-nosed legal and public-relations tactics come at a time when it is fending off other issues. The Securities Exchange Commission is investigating the company's accounting and financial-disclosure practices dating to June 2001, and the Federal Trade Commission is investigating its marketing practices. The Ontario Securities Commission is also investigating "trading issues, and reporting and disclosure issues in relation to the trading of Biovail common shares in several accounts" where Biovail founder Eugene Melnyk is a direct or indirect owner, according to a company disclosure late last year. Mr. Sitrick said the company is cooperating with all regulators in these matters.
"As a general rule, I do not like to try a case in the press, but I've seen it used as an effective tool," said Howard R. Elisofon, a securities defense attorney at Herrick, Feinstein LLP, of New York, who used to work at the SEC and isn't involved in this litigation.
Biovail's is the latest effort by companies to fight back against short sellers, investors who bet that a company's share price will decline. The chief executive at Overstock.com, an Internet retailer, said short sellers are to blame for driving down his firm's stock price. Like Biovail, Overstock has also filed suit against short-selling hedge funds.
Biovail, which has battled short sellers for some time, has tried the court-room path before. In 1996, the company sued Parker Quillen, who runs Quilcap, a hedge fund, alleging that he spread false rumors about Biovail. The lawsuit was settled, and as part of the settlement, Biovail agreed to invest in Mr. Quillen's hedge fund. Mr. Quillen couldn't be reached for comment.
In the lawsuit filed last month in New Jersey Superior Court in Newark, N.J., Biovail alleges SAC Capital "ghost wrote" negative reports put out by a research firm that drove down its share price. Those reports as well as reports put out by David Maris, a Banc of America Securities analyst, sent down Biovail's stock price more than 50% between 2003 and spring 2004, the lawsuit alleges.
As a result, SAC and other short sellers were able to reap a profit.
SAC, of Greenwich, Conn., declined to comment for this story but earlier said it would fight the lawsuit, which it called "outrageous and defamatory."
"Bank of America wholeheartedly supports David Maris and has the highest degree of confidence in the objectivity and integrity of his research," said Bank of America spokesman Timothy Gilles.
Biovail investors filed a $4 billion class-action lawsuit in U.S. District court in New Jersey Friday against SAC Capital, other hedge funds, Mr. Maris and Bank of America Securities LLC, echoing the Biovail suit's allegations.
The lawsuit alleges SAC provided the information in the reports issued by Gradient Analytics, formerly known as Camelback Research Alliance. Inside the research firm, the suit says, the reports were referred to as "hatchet jobs."
Gradient Analytics, of Scottsdale, Ariz., called the suit "false" and "malicious." Donn Vickrey, Gradient's co-founder, said the lawsuit has placed financial pressure on his firm. In addition, he said current and former employees have been contacted by private investigators looking for information about the firm. Mr. Vickrey says the investigators have camped outside of his home.
"No one associated with Biovail or its attorneys, including any investigator, ever followed Don Vickery," Mr. Sitrick wrote in an e-mail response to questions.
Write to Paul Davies at
[email protected] and Ian McDonald at
[email protected]
Here's video link for 60 minutes story: Thanks teleahqua for the link from Yahoo MB.
Lesley Stahl's Notebook | March 25, 2006 12:09:08
Only On The Web: Lesley Stahl discusses a story about a lawsuit against a hedge fund accused of spreading negative information about a major company and then betting on its falling stock price.
By Monday's market open, I believe the market sentiment regards to GNBT will improve with 60 Minutes coverage and today's generex news about FDA "Fast-Track" with Antigen Express (Generex subsidiary) and push GNBT's rebound back up.
http://www.cbsnews.com/stories/2005/09/26/search/main886284.shtml?searchString=BETTING+ON+A+FALL+&source=cbsvideos&sort=1&type=any&num=10&offset=0
http://www.generex.com/news/
My repost from Yahoo MB:
03/25/06 10:06 pm
Msg: 157885 of 157888
Ok, this is why:
1. We now know that GNBT stock price was manipulated by greedy hedge fund managers.
2. GNBT management already responded to misinformation SmartMoney (DumbMoney) article of Friday with a GREAT news post of FDA/Antigen Express "Fast Track"
3. There are already recent cases of stock manipulation by hedge fund managers and many are in jail
4. 60 Minutes will do a story on Sunday (PRIME TIME) about stock price manipulation
5. This is only Saturday. The panic will subside and traders/market will reassess the truth about Avian stocks and stock manipulations and many that would have sold on panic on Monday will now hold or buy.
6. Those that are still uneasy about SmartMoney (DumbMoney) article will sell their "pure" Avian stocks and replace them with GNBT because of their patented Oral-lyn and buccal delivery system that's already marketed and holds GLOBAL growth potential.
7. Besides, MM/fund managers been buying GNBT all of last week as GNBT hit new daily 52 week highs and even after the drop on Wednesday.
http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?t=GNBT&range=7&mgp=0&x=11&y=10&i=3&hdate=
These managers know info that we don't have. Why are they buying all week?
They will buy all next week also.
Thanks wiseknowledgeclass for the post from Yahoo MB:
03/25/06 10:16 pm
Msg: 157906 of 157906
Dear friends, if you see in inet the trades entered in after hours how it moved you will see that the stock already tanked by manipulating little hits of 100 - 400 shares and was already on the rebound, the price closed in after hour is up 20 cents since the low of after hours, and all the last trades are buys and rising, somebody is gonna make a killing on monday morning, nobody is gonna lose shit here, please inform yourselves have common sense, sleep well friends.
Thanks rwlydell for the link from Yahoo MB:
Sales of Oral-lyn in Ecuador in March!
03/25/06 11:43 pm
Msg: 158056 of 158087
Here's the translated page of the El Financiero:
http://translate.google.com/translate?hl=en&sl=es&u=http://www.elfinanciero.com/mercados/productos.html&prev=/search%3Fq%3Decuador%2Boralyn%26hl%3Den%26lr%3D%26rls%3DGGGL,GGGL:2005-09,GGGL:en
In the Ecuadorian market
At the end of March oral insulin will be commercialized
At the end of March of the present year one will begin to commercialize in Ecuador the Oralyn product, that consists of oral insulin for the patients who suffer of diabetes. Pharmabrand laboratories will be the distributing Ecuadorian company of this product, mentions their executive president, Cid Robert.
It remembers that at the present time the insulin that is commercialized is by injectable route, that is to say, the diabetics use needle to administer it to it, which will change, because the product in mention will be provided by oral route, with which the patient absorbs it at level of the glucose. More at link.
Here's the original link in spanish:
http://www.elfinanciero.com/mercados/productos.html
I can't wait for Monday's market open now!
GNBT will now rebound next week!
If you consider Wednesday's drop as a "price correction" then Thursday and Friday was "rebounding gain" for GNBT.
With the news of FDA "Fast Track" with Antigen Express and the sale of Oral-lyn starting in Ecuador at the end of March, a renewed buying interest will push the price of GNBT back up.
http://www.generex.com/news/
Perhaps last chance to buy below $4 - $5. And if GNBT stock price was manipulated, they achieved pushing the price down from $5 to $3+. If this is the case, then look for tens of millions of more "large block" buying from hedge fund/mutual fund managers next week, which will push the price right back up to new 52 week highs! $10+ here we come!
It is only my theory, and as always, time will tell.
Good night all.
= GZFX BUY ALERT =
Ok, many of you requested that I do an analysis and recommendation for GZFX.OB, and here it is.
For those who don't know who GameZnFlix is, they are online DVD movie and console game renter (They also sell used DVD/games) like Netflix, but GameZnFlix also rent games. http://www.gameznflix.com/
Since last year, Circuit City has been testing GameZnFlix partnership on their website, weekly flyer, and in selected stores with good success (They sell the XBOX360 bundled with GameZnFlix rental subscription as a package). They were initially going to announce the nationwide rollout in January, but delayed the trial period til March 15th.
Well, March 15th came and went and no nationwide rollout announcement came out. The share price of GZFX made a short recovery but dropped with no news.
But now, the nationwide rollout with Circuit City news is out!
http://biz.yahoo.com/iw/060324/0114566.html
GameZnFlix Movie and Game Rental Service to Be Rolled Out Nationwide in Circuit City Stores
Friday March 24, 4:15 pm ET
FRANKLIN, KY--(MARKET WIRE)--Mar 24, 2006 -- GameZnFlix, Inc. (OTC BB:GZFX.OB - News), an online provider of DVD movies and video games for rent or purchase, today announced a definitive co-marketing agreement with Circuit City Stores, Inc. More at link.
Keep in mind that this is a penny stock that should be considered for "speculation." If you don't mind the risk involved, then buy for potential short-term gains.
GZFX.OB is currently trading at $0.0085 with the short-term potential to $0.02 - $0.05 and possibly even higher.
Here's the Circuit City partner website link for GameZnFlix under "services":
http://www.circuitcity.com/ccd/genericContent.do?oid=137784&c=1&cm_re=Services-_-Entertainment-_-Game%20Rental
Here's the link to 3SOF GZFX MB:
http://www.3stocksonfire.org/trading/index.php?topic=2047.msg53451#msg53451
Under a scenario where the silver ETF is approved in the next few weeks, "silver will surpass $12 by late spring and be near $20 by year end," said PM Financial Services' Mladjenovic.
Looking even further ahead, "silver will be in the $20-$35 range by mid-2007 and hit $50 by early 2008. By 2009-2011, silver has a realistic shot at surpassing $100," he said.
Myra P. Saefong is a reporter for MarketWatch in San Francisco.
no comments...
Hey man... even though I don't post on this thread, I still read it, and I appreciate the fact that you are helping out the newbies...
I still remember what was probably the worst trade I ever made... buying into the CRA hype way back when it was 100+$ (2000) and getting crushed like 1500$ in a day... that hurt alot.
got suckered into the hype...
I think the thing that helped me the most was realizing that with trading, if you are going long you always have to enter a stock for a reason. If you try to buy momo, realize that many other traders who are more experienced and have better tools (and have been doing it alot longer, and I daresay are better than you are) are looking to sell to you. You might just be "the greatest fool" in this case (look up "greater fool theory" on google if you don't know what I mean).
So I realized the hard way that I suck at momo trading, and I try to stay away from it. Unfortunately, it took me a long time to come to this conclusion. (Started trading in 2000, and spent anywhere from 3 hours to 8 hours every single day reading, looking at charts)... Unfortunately, I still make some of the same mistakes I used to, but I am getting better.
Enough rambling... Thanks for the effort you are putting into your thread.
g
p.s. to the newbies: Do not be suckered into thinking you can give up your day job and become a full-time trader if you have a run of good luck. To me, trading is still a hobby. A very time-intensive hobby, and I am still not sure that I can reliably turn a profit year after year. So I still have a real job. That's kind of why I chose the nickname "Gambler" in order to remind myself every time I log in that trading is just a hobby and I could lose it all at any time. Good luck to all.
Livelife,
Congratulations for sticking with GZFX. It has not been easy.
Monday should pay some dividends.
It has been great discussing it with you for the past several months.
Now is the time to make some money trading GZFX.
;D
Thanks gambler2075 for your comments and sharing of your experience. I am sure all of us have our share of "bad" trade stories. :D
Fill_the_gap, you the man! You held fast through the rise/fall cycles of GZFX and believed in the nationwide rollout. Good job.
Yes, I believe next week will be very good for GZFX as the Circuit City rollout news was released after trading was close on Friday.
To those new to penny stocks, a lot of pennies do not even have a product or service they are marketing. GameZnFlix actually have a national DVD movie/console game renter service with Circuit City and have increased the number of distribution centers to handle the increase in volume. In addition, GameZnFlix has other pipelines in the works such as download model for media contents (future of movie renter) such as movies, music and books. As you can read from the 3SOF Penny GZFX MB, GameZnFlix also has a deal working with AAFE and the US military:
http://www.3stocksonfire.org/trading/index.php?topic=2047.615#bot
Livelife,
You are incredible with TA.
What do you see as the key resistance and support levels tomorrow?
Thank you in advance.
Thank you fill_the_gap for your comments.
But remember, the stock trading templates are to be used as a general guide only. There are many other factors that affect stock prices such as company fundamentals, product line developments, new patents and trademarks, and mergers, etc. :P
As to GZFX resistance and support, barchart.com has resistance set at $0.0098 with support of $0.0074. http://quotes.barchart.com/texpert.asp?sym=gzfx
This morning, I had a discussion with my dad about GZFX. I told him that if they released the nationwide rollout news on Friday, they must have known it on March 15th. Why didn't they release the news on March 15th or soon after that? I mentioned to him that perhaps this delay would allow the price of GZFX to drop even more when those anticipating the nationwide rollout news got impatient and sold. If you are wanting to pick up more shares, this drop would allow you to buy more shares at lower prices. Heck, call me suspicious, but with recent "stock manipulations" going on by hedge fund managers, I am more inclined to believe in such allegations.
I pondered this issue all day today. Whatever the reason for the delay in announcement, it may have benefitted GZFX technicals. How? If you look at the chart for March 15th, the MACD had peaked on March 6th and was going positive to negative. As of Friday, the MACD was in the negative territory and RSI had already bottomed at 40.
Releasing the news on Friday after trading would start a gain cycle for GZFX with MACD bottoming and RSI continuing the rebound from 40. If the profit taking doesn't happen until RSI 70-80+, then the timing of the news release would be in line with the stock technicals.
Could this be the case? We may never know. But the good news is that the timing of Circuit City nationwide rollout could not have been better for stock technicals. This is the "big" news that everyone who has tracked this stock has been waiting for.
I anticipate that short-term gains will easily exceed $0.02 - $0.05 range, possibly even higher with the following. What will really help GameZnFlix at this point is an advertising campaign as simple as some online ads (like in Yahoo) or some key TV spots. Future positive quarterly reports indicating increasing number of subscribers will push the stock price possibly even higher.
For Monday and rest of this week as the market learns of the Circuit City nationwide rollout with GameZnFlix and as the word spreads, it will be exciting.
= Stock Manipulation Lawsuit Update =
I watched the 60 Minutes segment on stock manipulation lawsuit against the largest US hedge fund SAC by a large Canadian pharmaceutical company Biovail (BVF:NYSE), the maker of very popular drugs such as Wellbutrin, Cardizem, Vasotec, Vaseretic, Zovirax, Ativan and Isordil.
The lawsuit alleges that the hedge fund SAC told a stock analysis and reporting group Camelback (Now known as Gradient) to write negative articles about Biovail because the SAC hedge fund was "shorting" the stock. The articles Camelback wrote on behalf of SAC resulted in Biovail stock price falling from $50 to $20.
The SEC is investigating the allegation against SAC and all hedge funds. Because the hedge funds are under very little regulations right now, in the future, more stringent regulations may apply to hedge funds.
Watching this 60 Minutes segment made be ponder about GNBT. What happened on last trading hour on this past Wednesday prompted me to post that I was "suspicious" about what happened. The SmartMoney article released on Friday afternoon (4:44 PM EST) saying generally negative things about the Avian stocks made me even more suspicious.
Generex has been the victim of stock manipulations by shorting hedge fund managers before. And more I researched, the more it was indicative of stock manipulation by hedge fund managers. Could the SmartMoney article be similar in case like the SAC vs. Biovail? Was SmartMoney article "driven" by the hedge fund managers? Could be.
If you think about it, the Avian Bio-tech sector as a whole experienced some great gains this year. If the hedge funds took positions in Avian plays and was part of the 100%-400%+ gains, then they may be taking short positions now and spreading negative information, such as the SmartMoney article to drive the Avian stock prices down. Could be.
I am glad that at least on the Yahoo MB, this suspicion of stock manipulation seemed to have been uncovered and the sentiment changed from panic to confident. I am glad that the SEC is investigating the hedge funds manipulating stocks and hope for tighter regulations for the hedge funds.
Here's the repost of $16 million settlement of previous Generex case:
http://www.thestreet.com/_yahoo/stocks/brokerages/10273590.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
Hedge Fund Shells Out in Shorting Probe
By Matthew Goldstein
Senior Writer
3/14/2006 2:19 PM EST
... Securities regulators, in a civil complaint filed in federal court as part of the settlement, charged Thorp with carrying out an illegal short-selling scheme involving 23 separate PIPE deals from 2000 to 2002. Regulators allege Thorp profited by engaging in "naked shorting,'' a manipulative practice that enables traders to defy the laws of supply and demand by shorting even when no shares are available to borrow.
In all, the SEC contends, Thorp generated $7 million in illicit profits from his illegal shorting scheme. As part of the settlement, Thorp agreed to forfeit those profits, plus $1.8 million interest. Thorp and his Langley Partners hedge fund agreed to pay $8 million in civil penalties.
The unlawful trading by Thorp, who could not be reached for comment, took place in PIPE deals by a number of well-known biotech firms: AVI BioPharma (AVII:Nasdaq), MGI Pharma (MOGN:NYSE) and Generex Biotechnology (GNBT:Nasdaq). Other PIPEs that regulators allege Thorp manipulated were ones by HealthExtras (HLEX:Nasdaq) and TiVo (TIVO:Nasdaq)...
Here's a repost regarding GNBT:
= Confirmation!!! =
http://www.knobias.com/individual/public/news.htm?eid=3.1.c662e32b6ef71c96bb09d6e4c0cc7a7fbe219d082c2c1b714326334ac8f8f672
Friday , March 24, 2006 16:18 ET
According to new short interest data from NASDAQ, short interest for Generex Biotechnology Corporation (NasdaqSC: GNBT) INCREASED 46.6% to 2,593,556 shares for the month ended mid-March, 2006.
SYMBOL FEBRUARY MARCH CHANGE %CHANGE DAYS/COVER
-------- ------------- ------------- ------------- ------------ ----------
GNBT 1,768,736 2,593,556 +824,820 +46.63% 1
Based on GNBT's 20-day average daily share volume of 19,794,915, it would require approximately 1 day(s) of buying to cover this short interest.
Hello all, To those following GZFX and planning to buy in the morning (monday) i am expecting a gap up and am wondering how high people are willing to pay for this one at this point. I have an order in for .0091 and will bump it up to .01 if i have to, but feel that that is my limit to add at this point... I have a bag of .017 shares... thoughts...
where did folks see that 25 mill shares would be sold?
GZFX has about 3.3Billion shares out there!... For comparison USXP has almost 6 billion shares and had a recent run from under .01 to almost .04!!!! We could see a 3 bagger on GXFX. i just need to decide how high i am willing to buy more at in the morning... This discipline thing gets tough :)
Cheers Joe
I bet most are keeping their plans pretty tight to the vest. GL
For those that requested the "blank" reposts of the Short/Mid-Term and Rotational Swing Trading Templates, here they are:
joet, it is uncertain at this point what GZFX will do at market open or pre-market.
Live Life, thank you and applaud !
Wow, Generex management speaks!
Sale of Oral-lyn will start in April and nice response to Friday's inaccurate SmartMoney article confirming the "stock manipulation" by hedge fund managers and the Sunday's 60 Minutes story on stock manipulation lawsuit between SAC hedge fund and Biovail.
http://biz.yahoo.com/iw/060327/0114646.html
Generex Biotechnology Announces Successful Equipment & Filling Line Installation for Commencement of Generex Oral-Lyn(TM) Commercial Production
Monday March 27, 7:30 am ET
Company Also Comments on Factual Inaccuracies in Story on Internet Site
TORONTO--(MARKET WIRE)--Mar 27, 2006 -- Generex Biotechnology Corporation (NasdaqSC:GNBT - News), a leader in the area of buccal drug delivery, today announced the successful completion of the delivery and installation of a turnkey Generex Oral-lyn(TM) filling operation at the facilities of PharmaBrand, S.A. (www.pharmabrand.com.ec) in Quito, Ecuador. PharmaBrand is the Company's joint venture partner for the commercialization of Generex Oral-lyn in Latin America. Generex Oral-lyn is the Company's proprietary oral insulin spray product which is designed to replace prandial subcutaneous injections of insulin by delivering insulin into the human body via a spray applied to the buccal mucosa using the Company's proprietary RapidMist(TM) device.
A regulatory compliance and quality control team from Generex will attend at the PharmaBrand facilities early next month to assist in the training of PharmaBrand personnel in respect of the operation of the filling equipment. The Company anticipates that the first commercial production run of 50,000 canisters of Generex Oral-lyn will be completed in April, 2006. Prior to the commencement of that production run, PharmaBrand will have completed the training of its sales force in respect of the new diabetes treatment paradigm offered by Generex Oral-lyn's safe, simple, fast, effective, familiar, and pain-free alternative to prandial insulin injections for patients with either Type-1 or Type-2 diabetes.
The Generex team will also undertake an evaluation of the PharmaBrand manufacturing facilities with a view to assessing the prospect of utilizing those facilities for the production of proteins and peptides to support ongoing research and development in respect of the Antigen Express immunotherapeutic vaccines program.
The Company also responded to a story which appeared on an Internet site Friday afternoon that contained factual inaccuracies. The article referred to the Company's "financial struggles." As indicated in the Company's Form 10-Q Quarterly Report for the fiscal quarter ended January 31, 2006, Generex had cash and short-term investments in excess of $21 million as of January 31, 2006. As at the close of business on March 24, 2006, the Company had cash and short-term investments in excess of $41 million, the strongest financial condition in the Company's history.
The article states that "for the past year, Generex hasn't been able to pay off its debt." That statement is false.
The article states that Generex failed to repay two promissory notes and that "[a]s a result the noteholders (sic) were allowed to convert the debt" into shares of common stock. That statement is false. Had the author reviewed the terms of the debt, he would have seen that the conversion entitlements were included in the promissory notes from the outset. The promissory notes were not repaid in cash on the maturity dates in the context of then on-going negotiations in respect of related transactions. The author states that "Generex also agreed to such terms with other lenders." That is another false statement.
The author makes derisive reference to the Company's losses. Generex is a development stage biotechnology corporation; accordingly, its function has been to spend money on research and development activities which expenditures are recorded as losses. He fails to mention that all of the other small biotechnology companies in the article incurred substantial losses for similar reasons. The author is correct, however, when he makes reference to the Company's expectation of receiving revenue from the sale of Generex Oral-lyn(TM), the Company's proprietary oral insulin spray product, by August, 2006.
The author states that Generex is "a stock that faces the threat of delisting." That statement is false. On November 15, 2005, the Company announced that it had received written confirmation from the Nasdaq Stock Market that the Company had achieved compliance with the continued listing requirements in accordance with Nasdaq Marketplace Rule 4310(c)(4). At the present time, Generex very comfortably meets all of the Nasdaq Stock Market quantitative continued listing requirements.
The article is correct when it states that the Antigen Express avian flu vaccine is in pre-clinical development (following a pre-IND meeting with the FDA on February 10, 2006) and that the Antigen Express breast cancer vaccine is in Phase 1 human clinical trials (at Walter Reed Army Medical Center).
"We do not seek to discourage critical review; however, we consider that such review should be based on accurate facts," stated Anna Gluskin, Generex's President & Chief Executive Officer. "The Company made its executives available for the author to speak with. Unfortunately, whatever his underlying motives were, he chose to misstate and distort the facts thereby portraying the Company in an unjustifiably negative manner."
More GameZnFlix info at 3SOF penny GZFX MB:
http://www.3stocksonfire.org/trading/index.php?topic=2047.new#new
Form 8-K for GAMEZNFLIX INC
http://finance.yahoo.com/q?s=GZFX.OB
27-Mar-2006
Entry into a Material Definitive Agreement, Amendments to Articles of Inc. or Byla
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On March 22, 2006, the Company entered into a definitive Co- Marketing Agreement with Circuit City Stores, Inc. (see Exhibit 10). In the fourth calendar quarter of 2005, the two companies tested offering the GameZnFlix services at a limited number of Circuit City Superstores and online at circuitcity.com. After concluding the tests, the services will now be expanded under the Co-Marketing Agreement to include Circuit City Superstores across the United States and will continue to be available nationwide on Circuit City's website. The agreement calls for adding locations each month until full deployment is reached prior to the 2006 holiday season.
The agreement calls for a nationwide rollout of GameZnFlix's service by offering prepaid service cards at each of Circuit City's retail stores. Under the terms of this agreement, the parties will share in the revenue from the sale of Company memberships through Circuit City.
Attached is a press release issued in connection with this agreement (see Exhibit 99).
Hey Livelife, You have so much experience in swing trading
Have a question for you-when you play short term and swings, do you calculate taxes you will pay?
For example: You bought "abc" @ $10. It ran to $40
- you sold @ $40 and put 35% on a side for taxes- right?(or put in play again
but hold in mind you need to pay $10 taxes)
- so, actually you sold @ $30( 40- 10=30)
Next: You want to get back in again - to do it right you need to get in much below $30. Other wise it's just will get in higher then you sold plus waste of time, effort, commissions and taxes paper work
It may work not bad for price range above $10 - but they don't run 200-300%
In pennies, when you swing .10...or... - you think you making profits- and end up paying just taxes and commissions
Do you calculate?
Tell me where I'm wrong - I want to swing too
Sorry for my poor English, hope you understud what i meant
lana
Thanks for the comments lana2b,
It is a good idea to factor out your tax on your gains. I, however, trade with all of the gains to maximize my profit.
As to swing trading, I want to stress this point and even include it in the short/mid-term template instructions. To effectively swing trade, you must identify stocks that are trending with the technicals (price rise/fall cycles follow MACD/RSI/Volume cycles).
You can tell whether the stock is trending or not by looking at the chart trend. If you at the BUY/SELL chart below of HEB, you can clearly see that this is a trending stock because the price rise/fall cycles follow the MACD/RSI cycles very closely. To swing trade, you follow the swing trading template and BUY (Blue points) and SELL (Red points).
The BUY points represent MACD bottoming with matching RSI bottoming AND with rebounding price. The SELL points represent MACD peaking with matching RSI and price peaking.
I used HEB as my first Rotational Swing Trading stock and sold at the RED sell point. I am waiting for the MACD/RSI to bottom again for me to BUY to do Rotational Swing Trading. I will post my Rotational Swing Trades so you can follow my BUY/SELL points also.
If you do not fully and clearly follow, run some more charts and practice. Here's a sample stock chart link with MACD/RSI/Time already set for short-term swing trading:
http://stockcharts.com/h-sc/ui
If you still cannot follow, send me an email and I will help you. :D
Very nice gain day for GZFX with $0.0067 (78.82%) increase!
= As I posted before, this is a "speculation" play and you must be ready for extreme volatility. =
Some asked why there was "strange" buy/sell price patterns intraday. Penny stocks, unlike listed stocks (NYSE/Nasdaq/AMEX) do not require a seller for you to buy shares. When you place a BUY order, you can buy straight from the available shares and not necessarily from a seller. This is how penny stocks raise money. GameZnFlix has billions of shares they have for sale and days like today is perfect for them to sell some of those shares to raise much needed working capital, which allows the company to grow.
This "dilution" of additional shares will have some negative impact on the share price, so often the companies are careful when and how much shares they sell. GZFX traded over 1.35 BILLION shares today! I am quite certain that GameZnFlix sold a large amount of the billions of shares.
Is this bad? If they release too many shares too fast, then it will drive the price of the stock too low. If you look at the intraday chart, GZFX maintained most of its gain throughout the day, indicating buying strength. As long as GameZnFlix is careful with their release of shares while allowing the share price to gain, it will be WIN-WIN for share holders and GameZnFlix.
GameZnFlix going nationwide with Circuit City is the "BIG" news that everyone has been waiting for. Since GameZnFlix is still a penny stock, many will only trade the stock instead of holding long-term. Likewise, I also recommend that you trade GZFX short-term.
As to near-term projection of GZFX, as the news of the nationwide rollout with Circuit City spreads and if more positive PR/News get released (such as increased number of subscribers and other deals GameZnFlix is working on like AAFES and the US military) more buying pressure will push the price higher.
You can find more info about GameZnFlix at 3SOF Penny GZFX MB:
http://www.3stocksonfire.org/trading/index.php?topic=2047.645
Rough day for Avian stocks.
Take a look at today's Lycos I-watch activity.
http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?ticker=gnbt
Ok, hedge fund managers won today's round. They accomplished what they wanted to do, push down the price of Avian stocks and they bought all they long!
Well, I am planning my buy back of GNBT!
GameZnFlix info Part 1 of 3
http://wallst.net/superstock/GZFX/gzfx.html
Audio Interview link with President of GameZnFlix
http://www.wallst.net/audio/audio.asp?symbol=G&offset=-1
Part 2 of 3
http://wallst.net/superstock/GZFX/gzfx.html
Audio Interview link with President of GameZnFlix
http://www.wallst.net/audio/audio.asp?symbol=G&offset=-1
Part 3 of 3
http://wallst.net/superstock/GZFX/gzfx.html
Audio Interview link with President of GameZnFlix
http://www.wallst.net/audio/audio.asp?symbol=G&offset=-1
My repost from 3SOF Penny GZFX MB:
http://www.3stocksonfire.org/trading/index.php?topic=2047.660
First, we all know here that wallst.net is a paid PR website that works to distribute company info/news. Other companies such as STX, TASR, HEB, etc. also use this website.
You forget that this is a penny stock. I am certain that GameZnFlix was able to sell a significant amount of 3 billion outstanding shares directly yesterday to buyers, which kept the price down.
This is bad for those that bought above $0.015, but raised much needed capital for the company. I am sure GameZnFlix management is aware that to raise future working capital, they must not "collapse" their investment capital from share holders by releasing too many shares (I wonder how many shares were sold yesterday?). I believe as they start their partnership with Circuit City in going nationwide, they will look to grow as a "serious" national company.
As to Elite G thinking that the gap will not be filled, I agree with him. GZFX has been falling quite a bit since the Nov-Jan time of first nationwide rollout anticipation. If GameZnFlix did not release so many shares yesterday, I believe GZFX would have closed much higher. With raising of capital done, I believe GameZnFlix management will be more careful today to allow the share price to climb to secure future capital generation. I believe GZFX will gain steadily from this point after some short-term volatility.
With that said, time will tell what will happen today and the rest of this week.
As to GNBT, take a look at yesterday's Lycos I-watch activity.
http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?ticker=gnbt
Ok, hedge fund managers won yesterday's round. They accomplished what they wanted to do, push down the price of Avian stocks and they bought all they long!
Well, I am planning my buy back of GNBT! I will be watching closely for signs of rebound and buy back.
Press Release Source: GameZnFlix, Inc.
GameZnFlix, Inc. Acquires 170 Television Shows for GnF Entertainment Network
Tuesday March 28, 4:15 pm ET
FRANKLIN, KY--(MARKET WIRE)--Mar 28, 2006 -- GameZnFlix, Inc. (OTC BB:GZFX.OB - News), an online provider of video game and DVD movies for rent or purchase, has purchased content for its GnF Entertainment Network. This past week the company accepted delivery and full rights to 170 television shows. GnF Entertainment is currently broadcasting to over 2 million satellite dishes across North America.
"This purchase of 170 shows is the beginning of our plan to obtain rights to all kinds of content. By purchasing these shows and possibly acquiring more, we hope to ensure that we can offer titles to our customers via many different means of distribution," John Fleming, CEO of GameZnFlix, Inc. "This represents another step towards meeting one of the company's goals of providing movies and games through video-on-demand or, potentially, any other media."
In addition to the above, the following milestones represent areas of development that the company is currently working on for 2006.
* Continue the current advertising campaign targeting the online user and
rural communities across the country.
* Research and development to identify future product delivery platforms.
* Sponsorship and endorsement programs.
* Possible expansion into Canada and the United Kingdom.
ADVERTISEMENT
GameZnFlix is a company that offers video games/DVD movies for rental or purchase on the Internet with access to over 40,000 game and movie titles. With different membership levels beginning at $8.99 a month subscribers can rent a combination of both video games and/or DVD movies with no late fees or due dates, or members can purchase video games and/or DVD movie titles at a membership discount.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov/). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
For further information, please contact GameZnFlix, Inc. corporate offices at 1 (888) 542-6817. Source Website: www.gameznflix.com
Contact:
Contact:
GameZnFlix, Inc.
1 (888) 542-6817
Hey LL check out DYMTF it really fits well with your trending stocks template. I have a sneaky suspicion this will continue throughout this year as (supposedly) more than 20 contracts are being worked out. By the way should be huge news tommorrow. Here is the chart fits your template nicely.
John and Chip have stated that AAFES is many times more valuable to GZFX than Circuit City.
The market knows the name Circuit City and may not react the same to AAFES, even though AAFES means more in reaching profitability. And look at the amount of locations for AAFES. Combine that with perfect target market and it equals subs.
AAFES is important for many reasons. The target market and international exposure is immediate. And they do not have to pay AAFES the same amount per sub as CC.
All in all, to have AAFES is a giant deal. The more partnerships, the more of a base we can build on here.
Another thing to consider. John stated to a reliable source today that Golden Gate converted the debentures the past few days. And John said that GG is done.
If this is the case, GZFX has cash to move forward and self finance operations. This will certainly help with the Outstanding Share issue. Remember when AMEP finished the debentures?
I am buying more to take into Friday and next week. I think that a parlay of news is possible. It could move up again for a nice trade by next week, imo.
I am going all in again before end of day Thursday for a trade on a string of news.
I worked late again on a project and just got home.
Well well! My suspicion of stock manipulation by hedge fund managers may be true. They bought all day yesterday as GNBT fell and today, GNBT rises again!
Gain of $0.20 (6.76%) is respectable with 23 million shares traded which is more than twice the 3 month average of 11 million shares.
Technically, GNBT looks to continue gaining until RSI hits previous profit taking levels.
pompano, nice work on DYMTF!
When you find a stock that follows the technicals, the stock is a "trendable" stock meaning you can more accurately anticipate and predict it's behavior.
With such "trending" stocks, you can trade more effectively and buy-low and sell-high.
Since RSI is approaching previous profit taking levels, look for MACD peaking and take profit if you are swing trading DYMTF and buy back more shares on MACD/RSI rebound. ;)
Keep up the good work!
fill_the_gap, the new PR is good news for GZFX. The satellite digital media content download service is one of GameZnFlix's many pipelines.
http://biz.yahoo.com/iw/060328/0115059.html
My repost from the 3SOF Penny GZFX MB:
http://www.3stocksonfire.org/trading/index.php?topic=2047.msg54106#msg54106
I worked late again on a project and just got home. This is my take on GZFX.
If you look at the 5 day chart for GZFX, the Circuit City nationwide rollout news pushed the price up on Monday to over 110% since Friday's close. I know many longs holding GZFX sold to take some great profit. And as GZFX began to fall from Monday's peak, I am sure more holders also took profit.
Yes, the rest of Monday saw the gradual falling of price, but I believe that may also be due to GameZnFlix selling some of 3 billion shares they had outstanding. I am not sure how many shares were "diluted" on Monday and today, but many that sold today probably sold on "fear" of GZFX going lower.
We don't know how many shares GameZnFlix "diluted" today. Perhaps, GameZnFlix management knowing that today's PR will come out may have sold as many shares as they could the last two days. I am curious as to how many shares were diluted.
I actually bought back at $0.0125 anticipating that $0.012 was the bottom as GZFX rebounded before I left for work. With the close of $0.0119, 1.35 billion shares and 472 million shares traded last two days, I feel comfortable that those that wanted to take profit and those that wanted to sell on "fear" have already done so on Monday and today.
So, with the new PR out after trading hours, I anticipate that GZFX share prices will head up tomorrow. Those still holding shares had two days to sell, but may anticipate higher longer-term gains. Those that bought higher and still holding shares also had today to sell, but may not want to sell on loss. That means, for tomorrow, fewer sellers to drive the price down.
Another interesting point to ponder is that Netflix (NFLX) took a fall today. Will many of NFLX holders, who are familiar with online rental of movies, sell and buy GZFX on rebound? I believe if/when GZFX rebounds, buying pressure will increase exponentially perhaps pushing the share price higher than the $0.02 that was tested on Monday.
I am going to continue "speculating" with GZFX for this week since I feel that potential for this stock has not been hit yet.
As always, time will tell. IMHO ;)
Good morning.
Premarket activity for GNBT and GZFX looks promising.
GNBT is already trading at $3.27 and GZFX is trading at $0.0123.
Both stocks are up in European markets:
http://de.finance.yahoo.com/q/cq?s=gnbt&d=v1&m=a
http://finance.yahoo.com/q/bc?s=PQJ.BE&t=1d
Fool.com's article on Netflix's failure to meeting video gaming market:
http://www.fool.com/news/mft/2006/mft06031619.htm?source=eptyholnk303100&logvisit=y&npu=y&bounce=y&bounce2=y
"You Blew It, Netflix
By Rick Aristotle Munarriz (TMFBreakerRick)
March 16, 2006
I'm not surprised that Netflix (Nasdaq: NFLX) wasn't the first dot-com heavy to announce the launch of a video game rental service. I'm just disappointed." More at link.
GZFX is holding .012 very well.
We head up from here when the website hits. Add more news and another nice (50 % plus quick)trade can be made from right here at .012's, imo.
I like it alot right now. The sellers have dried up and the chart is shaping up after the gap fill.
Selling some other stocks so that I can add more to this trading opportunity. The CEO and President say website by Thursday night. But I am also banking on AAFES news next week. We will see. ;D
Hey LL I think this one (DYMTF) may become untrendable tommorrow. IMO this could have a similar GNBT type run. >:D
DynaMotive Signs License for 200 tpd Plant with Option for Two More in Ukraine Fabrication to Take Place in British Columbia, Canada
http://biz.yahoo.com/bw/060329/20060329005912.html?.v=1
DynaMotive Revenues Approach $1,000,000 in Q1http://biz.yahoo.com/bw/060329/20060329005920.html?.v=1
• DynaMotive Enters U.S. Market: Targets Billion Tonne a Year Biomass Opportunity
http://biz.yahoo.com/bw/060329/20060329005914.html?.v=1
A New Partnership: Circuit City and GameZnflix
Mar 29 2006 8:07:33 pm
Stock Market Analysis by Lonny Rosenfeld
When I wrote my first article on GameZnflix (OTC BB:GZFX) last November I stated that I very rarely write about penny stocks, but I thought this one had a lot of potential. So far I have proved myself to be correct. On Friday, March 24th Circuit City (CC) announced that is will go ahead with a nationwide release of the GameZnflix movie and rental service. In the fourth calendar quarter of 2005, the two companies tested offering the GameZnFlix services at a limited number of Circuit City Superstores and online at circuitcity.com. After concluding the tests, the services will now be expanded to include Circuit City Superstores across the United States and will continue to be available nationwide on Circuit City's website. (MARKET WIRE via COMTEX)
"We want to offer a variety of products and services to our customers and the GameZnFlix's program allows our customers to experience the convenience of renting both movies and games through the mail," said Bill Cimino, director of corporate communications for Circuit City.
The agreement calls for a rollout of GameZnFlix's service by offering prepaid service cards at each of Circuit City's Superstores. The agreement calls for adding between 45 and 110 locations each month until full deployment is reached prior to the 2006 holiday season. Financial terms of the agreement are not being disclosed.
"This relationship is a win-win for both companies," said John Fleming, chairman and chief executive officer of GameZnFlix, Inc. "Circuit City continues to prove to be one of the top destinations for movie-lovers and video gamers alike and by co-marketing with GameZnFlix, Circuit City can continue to fulfill its customers' needs by adding our rental services to its product line."
For those readers who are unaware of this company, GameZnFlix is a company that offers video games/DVDs for rental or purchase on the Internet with access to over 40,000 titles. With four different membership levels beginning at $8.99 a month to annual membership with an average price of $20.75 per month, subscribers can rent a combination of both video games and/or DVD movies with no late fees or due dates or members can purchase video games and/or DVD movie titles at a membership discount.
As anyone would expect, shares of GZFX received a huge pop at the open Monday morning. Shares surged more than 125% early in the day to trade at $.0209 on extremely heavy volume. As Monday progressed shares trimmed these gains in half. GZFX last traded Wednesday at $.0134, up 12.61% for the day. Trading for the first half of this week has been relatively predictable. Almost everyone had expected a big gain early Monday, followed by some profit taking later in the day and Tuesday. Wednesday was another day where many investors either bought back in after selling early Monday or others jumped off the sidelines to get in at a more reasonable price.
Given now that it is known that the Circuit City deal is in full effect, what does this mean for the future of GameZnflix? Clearly as I have stated months ago, the potential is truly there for this partnership to be a success. Circuit City has done its part; they have opened the door for a relatively unknown company. Now it is the job of GameZnflix to step up to the plate. This is the big leagues now, do not strike out.
I know many you reading this article are reading this because you are either share holders of this company, have been share holders, or you are thinking about becoming a shareholder. Remember this is a penny stock, so of course there is a high level of risk involved, but is that high level of risk a risk worth taking?
Looking at the 6-month chart above, there are very well defined support and resistance levels. These will be the areas that will dictate trade for the short term. There is currently resistance located at $.021; this was reinforced on Monday's trading when shares topped off at $.0209. There is also support located at $.012, this was the low of the day on Wednesday before shares bounced off this level and ended the day higher.
What can be expected of shares of GZFX over the course of the next few months? I would expect to see a lot of volatility as investors try to weigh the future of this company from any news releases concerning the Circuit City partnership. There is a strong likelihood that shares of GZFX will move significantly higher from their present level. Circuit City is no laughing matter, this company would not have reached out and extended its hands to GameZnflix if it did not think it would benefit as well from this deal.
This is truly a company to watch and it will be very interesting to see how this partnership evolves in the future.
pompano, yes I would agree. The press release came out after trading hours (5:35 PM EST) and should push the price higher tomorrow. With share price being at $1.72 (new 52 weeks high) and moving a healthly 2 million shares, makes this stock attractive. If you look at the DYMTF max chart below, the stock was originally offered at $0.50.
As MACD is in positive territory, take it day by day and look for profit taking activity if you are looking to swing trade DYMTF.
GNBT continues its gain and what a day for GZFX! Wow, very strong gain today (GZFX stayed green all day).
GNBT gained $0.12 (3.80%) and traded 12 million shares which is more than the 3 month average of 11 million shares.
GZFX gained $0.0015 (12.61%) and traded 265 million shares.
Quote from: LiveLife on March 29, 2006, 02:52:38 AM
I feel comfortable that those that wanted to take profit and those that wanted to sell on "fear" have already done so on Monday and today.
So, with the new PR out after trading hours, I anticipate that GZFX share prices will head up tomorrow. Those still holding shares had two days to sell, but may anticipate higher longer-term gains. Those that bought higher and still holding shares also had today to sell, but may not want to sell on loss. That means, for tomorrow, fewer sellers to drive the price down.
... I believe if/when GZFX rebounds, buying pressure will increase exponentially perhaps pushing the share price higher than the $0.02 that was tested on Monday.
... I feel that potential for this stock has not been hit yet.
fill_the_gap, as I posted previously, I agree with you that the sellers are drying up. Also, GameZnFlix may have sold sufficient amount of the outstanding shares directly on Monday and Tuesday and thus allowed the share price to climb back up. If that's the case, very smart thinking on GameZnFlix and good timing of PR/news releases.
As I posted, once GZFX rebounds and the word of GameZnFlix (the buzz is that GameZnFlix is the next Netflix and many on Netflix MBs are also buying shares of GZFX) spreads with people learning of GameZnFlix's many pipelines, buying pressure will push the share price up exponentially, much higher than the $0.02 tested on Monday.
I anticipate a steady and very strong gains from now on. ;)
More GZFX info at 3SOF Penny MB:
http://www.3stocksonfire.org/trading/index.php?topic=2047.705
fill_the_gap, nice article on GameZnFlix which is worth a repost. For those new to GameZnFlix, I would like to mention that Circuit City also partnered with a tiny new company several years ago called Netflix. ;)
A New Partnership: Circuit City and GameZnflix
Mar 29 2006 8:07:33 pm
Stock Market Analysis by Lonny Rosenfeld
When I wrote my first article on GameZnflix (OTC BB:GZFX) last November I stated that I very rarely write about penny stocks, but I thought this one had a lot of potential. So far I have proved myself to be correct. On Friday, March 24th Circuit City (CC) announced that is will go ahead with a nationwide release of the GameZnflix movie and rental service. In the fourth calendar quarter of 2005, the two companies tested offering the GameZnFlix services at a limited number of Circuit City Superstores and online at circuitcity.com. After concluding the tests, the services will now be expanded to include Circuit City Superstores across the United States and will continue to be available nationwide on Circuit City's website. (MARKET WIRE via COMTEX)
"We want to offer a variety of products and services to our customers and the GameZnFlix's program allows our customers to experience the convenience of renting both movies and games through the mail," said Bill Cimino, director of corporate communications for Circuit City.
The agreement calls for a rollout of GameZnFlix's service by offering prepaid service cards at each of Circuit City's Superstores. The agreement calls for adding between 45 and 110 locations each month until full deployment is reached prior to the 2006 holiday season. Financial terms of the agreement are not being disclosed.
"This relationship is a win-win for both companies," said John Fleming, chairman and chief executive officer of GameZnFlix, Inc. "Circuit City continues to prove to be one of the top destinations for movie-lovers and video gamers alike and by co-marketing with GameZnFlix, Circuit City can continue to fulfill its customers' needs by adding our rental services to its product line."
For those readers who are unaware of this company, GameZnFlix is a company that offers video games/DVDs for rental or purchase on the Internet with access to over 40,000 titles. With four different membership levels beginning at $8.99 a month to annual membership with an average price of $20.75 per month, subscribers can rent a combination of both video games and/or DVD movies with no late fees or due dates or members can purchase video games and/or DVD movie titles at a membership discount.
As anyone would expect, shares of GZFX received a huge pop at the open Monday morning. Shares surged more than 125% early in the day to trade at $.0209 on extremely heavy volume. As Monday progressed shares trimmed these gains in half. GZFX last traded Wednesday at $.0134, up 12.61% for the day. Trading for the first half of this week has been relatively predictable. Almost everyone had expected a big gain early Monday, followed by some profit taking later in the day and Tuesday. Wednesday was another day where many investors either bought back in after selling early Monday or others jumped off the sidelines to get in at a more reasonable price.
Given now that it is known that the Circuit City deal is in full effect, what does this mean for the future of GameZnflix? Clearly as I have stated months ago, the potential is truly there for this partnership to be a success. Circuit City has done its part; they have opened the door for a relatively unknown company. Now it is the job of GameZnflix to step up to the plate. This is the big leagues now, do not strike out.
I know many you reading this article are reading this because you are either share holders of this company, have been share holders, or you are thinking about becoming a shareholder. Remember this is a penny stock, so of course there is a high level of risk involved, but is that high level of risk a risk worth taking?
Looking at the 6-month chart above[see repost of this article with chart below], there are very well defined support and resistance levels. These will be the areas that will dictate trade for the short term. There is currently resistance located at $.021; this was reinforced on Monday's trading when shares topped off at $.0209. There is also support located at $.012, this was the low of the day on Wednesday before shares bounced off this level and ended the day higher.
What can be expected of shares of GZFX over the course of the next few months? I would expect to see a lot of volatility as investors try to weigh the future of this company from any news releases concerning the Circuit City partnership. There is a strong likelihood that shares of GZFX will move significantly higher from their present level. Circuit City is no laughing matter, this company would not have reached out and extended its hands to GameZnflix if it did not think it would benefit as well from this deal.
This is truly a company to watch and it will be very interesting to see how this partnership evolves in the future.
Good morning.
GNBT up in European market.
http://de.finance.yahoo.com/q/cq?s=gnbt&d=v1&m=a
GZFX up 20% in European market!
http://finance.yahoo.com/q?s=pqj.be
For those new to GameZnFlix, I would like to mention that Circuit City also partnered with a tiny new company several years ago called Netflix. -LiveLife-
-----------------------------------------------------------------------------------------------------------
The same Circuit City executives are involved with launching GZFX this time.
They certainly learned alot from the Netflix launch.
Always best to be 2nd in a case like this.
My play remains for the website tonight? and then AAFES next week, imo.
Looking great !
fill_the_gap, all smiles here. :D
Now, we just sit back and watch. Many are realizing that this is the "ground floor" entry for GameZnFlix as this company continues to grow to likes of Netflix. At just over a penny, this stock is less than cheap!
I can't wait for GZFX to start upticking in one penny increments! When that happens, =WOW!!! =
We may easily close above $0.015.
Quote from: LiveLife on March 30, 2006, 03:51:12 PM
We may easily close above $0.15.
Strong and steady increments. Looking good. ;D
rurouni, yes, and I meant we easily close above $0.015! :D
Nice continuing rebound day for GZFX. I sold GNBT early this morning and I am 100% in GZFX.
GZFX gained $0.0019 (14.18%) with over 217 million shares traded. It appears that last of the sellers wanting to take profit and those still "uncertain or nervous" about the future of GameZnFlix sold this morning. Once that was over, GZFX gained steady into the afternoon with a very positive and strong finish.
I anticipate that sentiment for GameZnFlix is improving and confidence building. The much discussion and "buzz" on finance MBs is that "GameZnFlix is the next Netflix" with much better prospect because of GameZnFlix renting games also.
Going nationwide with Circuit City is BIG and in addition to the online DVD/game rental/sale business, GameZnFlix is working on several very promising pipelines (such as the satellite media download service [the future of DVD/MP3/MPEG4/DivX and other media download], deals with AAFES and US military, standalone online DVD/game rental/sales (such as Netflix) with the new website, tapping into European markets, and others) which all make GameZnFlix very attractive. http://finance.yahoo.com/q?s=gzfx.ob
The word about GameZnFlix will continue to spread, and with continuing strong gains in share price and volume activity, interest in GZFX will only grow exponentially. At just over a penny, this is the "ground level" entry point. This is "cheaper" than cheap. Can you imagine what will happen once GZFX starts trading in one penny increments in uptick? = WOW =
As always, time will tell. ;)
You can find more GZFX info at 3SOF Penny MB:
http://www.3stocksonfire.org/trading/index.php?topic=2047.new#new
LL:
Are you still holding on to your long shares in GNBT? Or are you now 100% divested?
Quote from: LiveLife on March 30, 2006, 07:17:32 PM
I sold GNBT early this morning and I am 100% in GZFX.
I believe GameZnFlix is just starting to gain. With the nationwide rollout with Circuit City delayed from January 2006 to March 2006 (look at the chart), many of us holding/trading GZFX since November of 2005 lost interest/faith in GameZnFlix. After the nationwide rollout news last Friday, Monday and Tuesday's trading activity indicated this and those that wanted to take profit or had "fear" of GZFX falling sold on Monday or Tuesday. The early morning fall today may have indicated last of the "nervous" sellers selling as GZFX gained with strength all day long. They may have bought GZFX back at higher price. ;)
I anticipate GZFX continuing to gain and testing the $0.02 mark. Once GZFX breaks through $0.02, then I believe GZFX will take off from there with increasing buying interest.
GZFX BUY confirmed! Thanks penny_gold3 for the link from Raging Bull MB: Msg. 232051 of 232071
http://www.americanbulls.com/StockPage.asp?CompanyTicker=GZFX&MarketTicker=OTC&TYP=S
Daily Commentary
Our system posted a BUY CONFIRMED today. The previous SELL recommendation was issued on 03.15.2006 (15) days ago, when the stock price was 0.0103. Since then GZFX has gained 48.54% .
BUY-IF is confirmed by a white candlestick with a higher open. The buying price is today's open ( 0.0137 ) according to the Rules of Confirmation.
The recent bullish formation leading to the BUY-IF signal is confirmed today. The market seems ready for a new bullish move. It opened today with a gap-up and the day's activity resulted in a close higher than the open. This is one of our valid confirmation criteria.
The significant failure of the previous SELL signal is unfortunately confirmed too. Our shot went away this time. It is a fact that such signal failures are more unlikely for higher rated stocks, but it is not possible to deal with all the vagaries of the stock market. The signal system, however, continues to do an excellent job in the overall, despite such failures. This can be seen easily with a quick glance to the signal history table.
We hope that you bought this stock and still have the chance to profit from the later phase of the bullish attack. Today you were supposed to watch the upward gap in the opening, wait a bit, feel the bullish tendency of the market making sure that prices stay over the opening price and then go long. Your benchmark was the opening price of the upward gap.
If you bought, continue to hold this stock until the confirmation of the next SELL-IF signal. You are on relatively safe grounds as long as the future prices continue to trade above the benchmark price and if an emergency warning is not issued. What to do if you did not buy? Maybe, you did not have time to follow the session or you simply delegated the delicate job of confirmation to us. Well it is a bit late, but not too late. You may still find suitable prices for buying in the following sessions and still profit in case of a sustained bullish move.
The market is currently cold for short-sellers. Avoid any short sales and cover the short positions immediately if there are any. We erred significantly on the short side last time, but we are sure that you may easily cover your losses (if any) by basing your future trades on our signal system.
GameZnFlix registered additional 5.8 billion shares according to SB-2 today:
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=4311413&Type=HTML
This will certainly provoke some more volatility short-term, but the best time to release more shares is when the stock is actively gaining to absorb the dilution.
Many have questioned this, but this is how penny stocks and micro-caps and even small caps make money - selling stocks.
With nationwide rollout with Circuit City and promising pipelines, I am certain GameZnFlix management is aware of the importance of sustaining share price of GZFX for future growth/income.
= update 03/30/06 =
Since many requested the source link, I found the link to the previously posted article and posted the chart used on the article.
fill_the_gap, nice article on GameZnFlix which is worth a repost. For those new to GameZnFlix, I would like to mention that Circuit City also partnered with a tiny new company several years ago called Netflix. ;)
http://www.marketvibrations.com/stock-market-analysis-recent.php?subaction=showfull&id=1143684453&archive=&start_from=&ucat=1&
A New Partnership: Circuit City and GameZnflix
Mar 29 2006 8:07:33 pm
Stock Market Analysis by Lonny Rosenfeld
When I wrote my first article on GameZnflix (OTC BB:GZFX) last November I stated that I very rarely write about penny stocks, but I thought this one had a lot of potential. So far I have proved myself to be correct. On Friday, March 24th Circuit City (CC) announced that is will go ahead with a nationwide release of the GameZnflix movie and rental service. In the fourth calendar quarter of 2005, the two companies tested offering the GameZnFlix services at a limited number of Circuit City Superstores and online at circuitcity.com. After concluding the tests, the services will now be expanded to include Circuit City Superstores across the United States and will continue to be available nationwide on Circuit City's website. (MARKET WIRE via COMTEX)
"We want to offer a variety of products and services to our customers and the GameZnFlix's program allows our customers to experience the convenience of renting both movies and games through the mail," said Bill Cimino, director of corporate communications for Circuit City.
The agreement calls for a rollout of GameZnFlix's service by offering prepaid service cards at each of Circuit City's Superstores. The agreement calls for adding between 45 and 110 locations each month until full deployment is reached prior to the 2006 holiday season. Financial terms of the agreement are not being disclosed.
"This relationship is a win-win for both companies," said John Fleming, chairman and chief executive officer of GameZnFlix, Inc. "Circuit City continues to prove to be one of the top destinations for movie-lovers and video gamers alike and by co-marketing with GameZnFlix, Circuit City can continue to fulfill its customers' needs by adding our rental services to its product line."
For those readers who are unaware of this company, GameZnFlix is a company that offers video games/DVDs for rental or purchase on the Internet with access to over 40,000 titles. With four different membership levels beginning at $8.99 a month to annual membership with an average price of $20.75 per month, subscribers can rent a combination of both video games and/or DVD movies with no late fees or due dates or members can purchase video games and/or DVD movie titles at a membership discount.
As anyone would expect, shares of GZFX received a huge pop at the open Monday morning. Shares surged more than 125% early in the day to trade at $.0209 on extremely heavy volume. As Monday progressed shares trimmed these gains in half. GZFX last traded Wednesday at $.0134, up 12.61% for the day. Trading for the first half of this week has been relatively predictable. Almost everyone had expected a big gain early Monday, followed by some profit taking later in the day and Tuesday. Wednesday was another day where many investors either bought back in after selling early Monday or others jumped off the sidelines to get in at a more reasonable price.
Given now that it is known that the Circuit City deal is in full effect, what does this mean for the future of GameZnflix? Clearly as I have stated months ago, the potential is truly there for this partnership to be a success. Circuit City has done its part; they have opened the door for a relatively unknown company. Now it is the job of GameZnflix to step up to the plate. This is the big leagues now, do not strike out.
I know many you reading this article are reading this because you are either share holders of this company, have been share holders, or you are thinking about becoming a shareholder. Remember this is a penny stock, so of course there is a high level of risk involved, but is that high level of risk a risk worth taking?
Looking at the 6-month chart above[below], there are very well defined support and resistance levels. These will be the areas that will dictate trade for the short term. There is currently resistance located at $.021; this was reinforced on Monday's trading when shares topped off at $.0209. There is also support located at $.012, this was the low of the day on Wednesday before shares bounced off this level and ended the day higher.
What can be expected of shares of GZFX over the course of the next few months? I would expect to see a lot of volatility as investors try to weigh the future of this company from any news releases concerning the Circuit City partnership. There is a strong likelihood that shares of GZFX will move significantly higher from their present level. Circuit City is no laughing matter, this company would not have reached out and extended its hands to GameZnflix if it did not think it would benefit as well from this deal.
This is truly a company to watch and it will be very interesting to see how this partnership evolves in the future.
Repost from Raging Bull MB by enaduotria 30 Mar 2006, 09:05 PM EST Msg. 232170 of 232173
READ so you can understand the filing...
Anybody notice this section in the SB-2:
The amount to be registered also
includes shares of common stock issuable upon exercise of the
warrants, as such number may be adjusted as a result of stock splits,
stock dividends and similar transactions in accordance with Rule 416.
Should the conversion ratio of our convertible debentures result in
our having insufficient shares, we will not rely upon Rule 416, but
will file a new registration statement to cover the resale of such
additional shares should that become necessary. In addition, should
a decrease in the exercise price as a result of an issuance or sale
of shares below the then current market price, result in our having
insufficient shares, we will not rely upon Rule 416, but will file a
new registration statement to cover the resale of such additional
shares should that become necessary.
This should put a nail in the coffin of these R/S utterings as of late!
Also the rate of potential dillution is very limited as GGI has agreed to not exceed 9.9% of the OS and there are substantial warrants associated with the conversion:
For example, if Golden Gate elects to convert $2,500 of the
convertible debenture, this would result in the issuance of
47,659,408 shares of common stock based on a current conversion price
of $0057. However, Golden Gate will not be entitled to convert the
convertible debenture unless it also exercises the a pro rata portion
of the warrant. In this situation, Golden Gate will be required to
exercise approximately 248,137 warrants at an exercise price of $1.09
resulting in $270,469 in funding for our company.
The selling stockholder has contractually agreed to restrict its
ability to convert or exercise its warrants and receive shares of our
common stock such that the number of shares of common stock held by
them and their affiliates after such conversion or exercise does not
exceed 9.9% of the then issued and outstanding shares of common stock.
Cheers
My repost from 3SOF Penny MB:
http://www.3stocksonfire.org/trading/index.php?topic=2047.msg54600#msg54600
Malum2006,
Don't laugh at the 3800 subscriber number. You have to keep in mind that GameZnFlix is just starting out. Going nationwide with Circuit City and with the new website, the subscription numbers will increase in time. If I recall the subscription numbers from last years, 3800 may be almost 100%+ increase from Nov 05.
By my calculations, 3800x$10 (low average subscription plans) = $38,000/month to 3800x$15 (high average subscription plans) = $57,000/month (I used the $10/$15 to average the several plans they offer ranging from $8.99 to $16.99 to factor in that not everyone will use the low $8.99 or the high $16.99 plans).
Let's calculate the subscription increases from Circuit City deal going nationwide and the new website draws:
10,000 x $10 (low average) = $100,000/month 10,000 x $15 (high average) = $150,000
50,000 x $10 (low average) = $500,000/month 50,000 x $15 (high average) = $750,000
100,000x$10 (low average)=$1,000,000/month 100,000x$15 (high average) = $1,500,000
and let's say for long-term potential:
1 million x $10 (low average) = $10 million/month 1 million x $15(high average) = $15 million
I believe 10K - 50K subscribers is very doable with GZFX going national with Circuit City and with the new website (Keep in mind that GameZnFlix has not done any national ad campaign so far). If you take the average between $10/$15, you get the following:
10K-50K subscribers = $125,000/month to $625,000/month
If GameZnFlix subscription doubles every quarter as Circuit City goes nationwide starting with 5,000 subscribers, you will have:
Start 5,000
1Q 10,000
2Q 20,000
3Q 40,000
4Q 80,000
Even if GameZnFlix has 50,000 subscribers (using above averages), $625,000/month equals $7.5 million/year.
With 100,000 subscribers, $1.25 million/month equals $15 million/year.
This revenue does not factor in GameZnFlix's other pipelines and markets.
GameZnFlix getting ready to launch their new website!
http://www.gameznflix.com/
Good morning.
GZFX up over 8% in European market! And they are already aware of the SB-2 filing!
http://finance.yahoo.com/q/bc?s=PQJ.BE&t=5d
If you look at the 5 day chart, the European market has been an accurate indication of what will also happen in the US market.
0.013 Euro = $0.01577 US Dollar (1 Euro = 1.21 US dollar)
I am also anticipating similar gains for GZFX in the US market. ;)
Repost from 3SOF Penny MB by fill_the_gap:
http://www.3stocksonfire.org/trading/index.php?topic=2047.msg54655#msg54655
The focus now turns to the AAFES deal that is rumored for Monday.
That would push us way up.
The filing was nothing that has not been discussed. We knew they were selling some shares for cash. And they will not need Golden Gate as much now. Like many companies, they have GG as a back up plan. And the GG terms are better this time around.
Monday is the big day to see if they can deliver the major deal.
Since many requested the source link, I found the link to the previously posted article and posted the chart used on the article.
fill_the_gap, nice article on GameZnFlix which is worth a repost. For those new to GameZnFlix, I would like to mention that Circuit City also partnered with a tiny new company several years ago called Netflix. ;)
http://www.marketvibrations.com/stock-market-analysis-recent.php?subaction=showfull&id=1143684453&archive=&start_from=&ucat=1&
A New Partnership: Circuit City and GameZnflix
Mar 29 2006 8:07:33 pm
Stock Market Analysis by Lonny Rosenfeld
When I wrote my first article on GameZnflix (OTC BB:GZFX) last November I stated that I very rarely write about penny stocks, but I thought this one had a lot of potential. So far I have proved myself to be correct. On Friday, March 24th Circuit City (CC) announced that is will go ahead with a nationwide release of the GameZnflix movie and rental service. In the fourth calendar quarter of 2005, the two companies tested offering the GameZnFlix services at a limited number of Circuit City Superstores and online at circuitcity.com. After concluding the tests, the services will now be expanded to include Circuit City Superstores across the United States and will continue to be available nationwide on Circuit City's website. (MARKET WIRE via COMTEX)
"We want to offer a variety of products and services to our customers and the GameZnFlix's program allows our customers to experience the convenience of renting both movies and games through the mail," said Bill Cimino, director of corporate communications for Circuit City.
The agreement calls for a rollout of GameZnFlix's service by offering prepaid service cards at each of Circuit City's Superstores. The agreement calls for adding between 45 and 110 locations each month until full deployment is reached prior to the 2006 holiday season. Financial terms of the agreement are not being disclosed.
"This relationship is a win-win for both companies," said John Fleming, chairman and chief executive officer of GameZnFlix, Inc. "Circuit City continues to prove to be one of the top destinations for movie-lovers and video gamers alike and by co-marketing with GameZnFlix, Circuit City can continue to fulfill its customers' needs by adding our rental services to its product line."
For those readers who are unaware of this company, GameZnFlix is a company that offers video games/DVDs for rental or purchase on the Internet with access to over 40,000 titles. With four different membership levels beginning at $8.99 a month to annual membership with an average price of $20.75 per month, subscribers can rent a combination of both video games and/or DVD movies with no late fees or due dates or members can purchase video games and/or DVD movie titles at a membership discount.
As anyone would expect, shares of GZFX received a huge pop at the open Monday morning. Shares surged more than 125% early in the day to trade at $.0209 on extremely heavy volume. As Monday progressed shares trimmed these gains in half. GZFX last traded Wednesday at $.0134, up 12.61% for the day. Trading for the first half of this week has been relatively predictable. Almost everyone had expected a big gain early Monday, followed by some profit taking later in the day and Tuesday. Wednesday was another day where many investors either bought back in after selling early Monday or others jumped off the sidelines to get in at a more reasonable price.
Given now that it is known that the Circuit City deal is in full effect, what does this mean for the future of GameZnflix? Clearly as I have stated months ago, the potential is truly there for this partnership to be a success. Circuit City has done its part; they have opened the door for a relatively unknown company. Now it is the job of GameZnflix to step up to the plate. This is the big leagues now, do not strike out.
I know many you reading this article are reading this because you are either share holders of this company, have been share holders, or you are thinking about becoming a shareholder. Remember this is a penny stock, so of course there is a high level of risk involved, but is that high level of risk a risk worth taking?
Looking at the 6-month chart above[below], there are very well defined support and resistance levels. These will be the areas that will dictate trade for the short term. There is currently resistance located at $.021; this was reinforced on Monday's trading when shares topped off at $.0209. There is also support located at $.012, this was the low of the day on Wednesday before shares bounced off this level and ended the day higher.
What can be expected of shares of GZFX over the course of the next few months? I would expect to see a lot of volatility as investors try to weigh the future of this company from any news releases concerning the Circuit City partnership. There is a strong likelihood that shares of GZFX will move significantly higher from their present level. Circuit City is no laughing matter, this company would not have reached out and extended its hands to GameZnflix if it did not think it would benefit as well from this deal.
This is truly a company to watch and it will be very interesting to see how this partnership evolves in the future.
GZFX BUY confirmed! Thanks penny_gold3 for the link from Raging Bull MB: Msg. 232051 of 232071
http://www.americanbulls.com/StockPage.asp?CompanyTicker=GZFX&MarketTicker=OTC&TYP=S
Daily Commentary
Our system posted a BUY CONFIRMED today. The previous SELL recommendation was issued on 03.15.2006 (15) days ago, when the stock price was 0.0103. Since then GZFX has gained 48.54% .
BUY-IF is confirmed by a white candlestick with a higher open. The buying price is today's open ( 0.0137 ) according to the Rules of Confirmation.
The recent bullish formation leading to the BUY-IF signal is confirmed today. The market seems ready for a new bullish move. It opened today with a gap-up and the day's activity resulted in a close higher than the open. This is one of our valid confirmation criteria.
The significant failure of the previous SELL signal is unfortunately confirmed too. Our shot went away this time. It is a fact that such signal failures are more unlikely for higher rated stocks, but it is not possible to deal with all the vagaries of the stock market. The signal system, however, continues to do an excellent job in the overall, despite such failures. This can be seen easily with a quick glance to the signal history table.
We hope that you bought this stock and still have the chance to profit from the later phase of the bullish attack. Today you were supposed to watch the upward gap in the opening, wait a bit, feel the bullish tendency of the market making sure that prices stay over the opening price and then go long. Your benchmark was the opening price of the upward gap.
If you bought, continue to hold this stock until the confirmation of the next SELL-IF signal. You are on relatively safe grounds as long as the future prices continue to trade above the benchmark price and if an emergency warning is not issued. What to do if you did not buy? Maybe, you did not have time to follow the session or you simply delegated the delicate job of confirmation to us. Well it is a bit late, but not too late. You may still find suitable prices for buying in the following sessions and still profit in case of a sustained bullish move.
The market is currently cold for short-sellers. Avoid any short sales and cover the short positions immediately if there are any. We erred significantly on the short side last time, but we are sure that you may easily cover your losses (if any) by basing your future trades on our signal system.
I anticipate more market open selling like yesterday with a rebound in the afternoon.
I am buying more on dip! ;)
= update = $0.0131 - $0.0132 looks like the bottom and a good buy point.
= update = going back up! Now $0.0136.
= update = Now $0.014.
= update = Now $0.0145 and over 90 million shares traded in 20 minutes!
Ok, new GameZnFlix website is up now. Much cleaner and "right to the point".
http://www.gameznflix.com/
I would add today for sure if cash were available. My position is maxed out in GZFX.
If AAFES hits Monday-Tuesday, we head over 2 cents, imo.
Today has held up well. They should be done with filings for awhile.
We head up from here, imo. ;D
Good call on this one LL.
I was curious, you haven't posted on GNBT in a few days, are you still in that one?
efallon28,
Quote from: LiveLife on March 30, 2006, 07:17:32 PM
I sold GNBT early this morning and I am 100% in GZFX.
$0.0155 and heading up with over 218 million shares traded! We still have another hour of trading left! How high will GZFX close today? ;)
Wow, what a day for GZFX!
With the concern for SB-2, share price dropped to $0.0131, but GZFX made a very strong recovery and tested $0.016 and closed green at $0.0155 while trading 261 million shares! What strength in this stock! (BTW, it was a down day for Dow and Nasdaq) ;)
I am not sure how many of those that sold bought back at a higher price, but this is an awesome demonstration of buying pressure overwhelming the sellers. Very nice!
With the concern for SB-2 affecting share price (and it did this morning) behind us, clear skies next week!
According to fill_the_gap, news of AAFES deal is due out soon and the new website looks very "clean and to the point!"
I am all smiles as we anticipate Monday's market open! :D
Have a nice weekend everyone!
Howdie all,
could you explain these two accronyms AAFES and SSB-2 ? Thanx
I finally stopped waiting for the bottom of the gap and bought in today... $72.50 commission on a 100,000 shares... ouch is 5% commission standard for these penny transactions. Does anyone out there have a broker who provides the same low commission for any number of shares? Fidelity charges me $8/transaction up to 1000 shares, then $.005/share up to 5% of the transaction... seems awfully pricy to me... we will see if it pays off.
Having never played a true penny before any advice on targets would be appreciated. Do you think that .029 is too high for my first target to sell half?
LL it seems like the swing trade indicators are not sensitive enough... does your dad have some good pointers for how to pick sell and buy back point on an intra-day level... that really seems like a key to these... I was excited to buy the dip this am and started putting in limit orders at .0133... only to miss all the way up to .0145 only to catch it because it dipped again... i did not dare place a market order since there are a few unhappy "investors" out there who paid .14 and more for GZFX and i did not want me to be one of them :)
Have a great weekend... hope that monday repeats last monday, but i am tempering my hopes with the thoughts that with the CC partnership and the expanding business GZFX should at least doube this year! IMHO Cheers joe
Joet,
TDWaterhouse just 9.95 unlimited shares .... but you have to make 30 trades within 90 days to get the 9.95 commission (unlimited shares) ;)
30 trades is nothing... All you have to do is BUY, SELL, BUY, SELL until you get the 30 trades ;)
Goodluck!!
Thanx Terlisa,
do you need a minimum amount in that account to get the 9.95 commission? Do you carry multiple accounts for different trades?
I follow your posts, but ADAM sticks in my mind the most... do you still believe in their fundamentals? It is rebounding some are you back in? where will you re-enter?, wondering if we have seen the bottom?
Here joet check out the commission & fees in TDWaterhouse website ;)
http://www.tdwaterhouse.com/products_services/accounts/commissions_fees/commissions.html
I did not take position in ADAM for the second time i just update the thread the time ADAM made a break on Ascending Triangle...
ADAM is now a falling knife, i would not touch it for now... the stock is currently bearish ;)
look at this .. I just posted and i got smited again "a smiter is on the loose" >:(
It's alright i already called Ramsburg about this... :D
joet,
I use Scottrade and it's $7 per trade with additional commission for stocks under $1. I am very happy with their service/speed of transactions. Here's the link to their commission page: http://www.scottrade.com/frame_commissions.asp
SB-2 is the form GameZnFlix used to register additional shares:
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=4311413&Type=HTML
AAFES is "Army & Air Force Exchange Service" and kinda like Walmart for the US military consumers: http://www.aafes.com/
As to ADAM, I normally recommend that you follow high volume stocks (more than 1 million shares/day) for use with the Swing Trading Template; but if you want to apply the template, it is rebounding off MACD bottom with RSI at very low 30. If you are looking to buy, I recommend that you look for definite rebounding indicators (continuing rise in price, volume and corresponding RSI/MACD rises).
As to Swing Trading Template, I already posted that penny stocks such as GZFX.OB should only be "speculated." Since penny stocks are very volatile, Swing Trading Template should only be used with "trending" stocks that follow the technicals and are listed (NYSE/Nasdaq/AMEX) with high volume (at least 1 million daily volume). And no, Swing Trading Template will not help you intraday.
I hope these answers helped. Let me know if you need more clarification.
Perhaps fill_the_gap can provide more "expanded" post regarding the GameZnFlix and AAFES deal. ;)
Terlisa, I will replace your rating hit by the "smiter" :D I am sure Ramsburg will find the smiter, like the previous times. ;)
Thanx for all of the info LL and Terlisa, Scotttrade looks like a good deal upon a quick glance, i will have to call them with my detailed questions...
Smiters huh ??? sounds like a spammer to me, i am learning an entire new language here :)
cheers joe
My repost from 3SOF Penny GZFX MB:
http://www.3stocksonfire.org/trading/index.php?topic=2047.750
stockontop, barchart.com uses "latent" technical analysis tools and Moving Day Averages so the composite of these indicators will not be accurate for short-term trading. I used to use barchart.com but found their indicators weren't that useful. Now, I only use them for resistance/support. http://quotes.barchart.com/texpert.asp?sym=gzfx
That's why I developed the Short-term Swing Trading Template using more accurate technical/MA indicators. Be sure to use the Template for high volume (at least 1 million/day) and trending stocks that are listed (NYSE/Nasdaq/AMEX). Penny stocks are often too volatile in nature to be accurately followed technically. ;) Just take a look at recent GZFX activity!
I posted a blank Short-term Swing Trading Template for you to use. You can learn more about Swing Trading and the Short/Mid-term/Rotational Templates here: (4th post from top) http://www.3stocksonfire.org/trading/index.php?topic=3635.600
I want to stress this point and even include it in the short/mid-term template instructions. To effectively swing trade, you must identify stocks that are trending with the technicals (price rise/fall cycles follow MACD/RSI/Volume cycles).
You can tell whether the stock is trending or not by looking at the chart trend. If you look at the BUY/SELL chart below of HEB, you can clearly see that this is a trending stock because the price rise/fall cycles follow the MACD/RSI cycles very closely. To swing trade, you follow the swing trading template and BUY (Blue points) and SELL (Red points).
The BUY points represent MACD bottoming with matching RSI bottoming AND with rebounding price. The SELL points represent MACD peaking with matching RSI and price peaking.
Here's a sample stock chart link with MACD/RSI/Time already set for short-term swing trading: (3SOF won't let me post the modified stockchart.com link - so copy/paste the entire address below) http://stockcharts.com/h-sc/ui?c=gzfx,uu[l,a]daclyyay[db][pb5!b20][vc60][ilb14!la12,26,9]
Since many requested the source link, I found the link to the previously posted article and posted the chart used on the article.
fill_the_gap, nice article on GameZnFlix which is worth a repost. For those new to GameZnFlix, I would like to mention that Circuit City also partnered with a tiny new company several years ago called Netflix. ;)
http://www.marketvibrations.com/stock-market-analysis-recent.php?subaction=showfull&id=1143684453&archive=&start_from=&ucat=1&
A New Partnership: Circuit City and GameZnflix
Mar 29 2006 8:07:33 pm
Stock Market Analysis by Lonny Rosenfeld
When I wrote my first article on GameZnflix (OTC BB:GZFX) last November I stated that I very rarely write about penny stocks, but I thought this one had a lot of potential. So far I have proved myself to be correct. On Friday, March 24th Circuit City (CC) announced that is will go ahead with a nationwide release of the GameZnflix movie and rental service. In the fourth calendar quarter of 2005, the two companies tested offering the GameZnFlix services at a limited number of Circuit City Superstores and online at circuitcity.com. After concluding the tests, the services will now be expanded to include Circuit City Superstores across the United States and will continue to be available nationwide on Circuit City's website. (MARKET WIRE via COMTEX)
"We want to offer a variety of products and services to our customers and the GameZnFlix's program allows our customers to experience the convenience of renting both movies and games through the mail," said Bill Cimino, director of corporate communications for Circuit City.
The agreement calls for a rollout of GameZnFlix's service by offering prepaid service cards at each of Circuit City's Superstores. The agreement calls for adding between 45 and 110 locations each month until full deployment is reached prior to the 2006 holiday season. Financial terms of the agreement are not being disclosed.
"This relationship is a win-win for both companies," said John Fleming, chairman and chief executive officer of GameZnFlix, Inc. "Circuit City continues to prove to be one of the top destinations for movie-lovers and video gamers alike and by co-marketing with GameZnFlix, Circuit City can continue to fulfill its customers' needs by adding our rental services to its product line."
For those readers who are unaware of this company, GameZnFlix is a company that offers video games/DVDs for rental or purchase on the Internet with access to over 40,000 titles. With four different membership levels beginning at $8.99 a month to annual membership with an average price of $20.75 per month, subscribers can rent a combination of both video games and/or DVD movies with no late fees or due dates or members can purchase video games and/or DVD movie titles at a membership discount.
As anyone would expect, shares of GZFX received a huge pop at the open Monday morning. Shares surged more than 125% early in the day to trade at $.0209 on extremely heavy volume. As Monday progressed shares trimmed these gains in half. GZFX last traded Wednesday at $.0134, up 12.61% for the day. Trading for the first half of this week has been relatively predictable. Almost everyone had expected a big gain early Monday, followed by some profit taking later in the day and Tuesday. Wednesday was another day where many investors either bought back in after selling early Monday or others jumped off the sidelines to get in at a more reasonable price.
Given now that it is known that the Circuit City deal is in full effect, what does this mean for the future of GameZnflix? Clearly as I have stated months ago, the potential is truly there for this partnership to be a success. Circuit City has done its part; they have opened the door for a relatively unknown company. Now it is the job of GameZnflix to step up to the plate. This is the big leagues now, do not strike out.
I know many you reading this article are reading this because you are either share holders of this company, have been share holders, or you are thinking about becoming a shareholder. Remember this is a penny stock, so of course there is a high level of risk involved, but is that high level of risk a risk worth taking?
Looking at the 6-month chart above[below], there are very well defined support and resistance levels. These will be the areas that will dictate trade for the short term. There is currently resistance located at $.021; this was reinforced on Monday's trading when shares topped off at $.0209. There is also support located at $.012, this was the low of the day on Wednesday before shares bounced off this level and ended the day higher.
What can be expected of shares of GZFX over the course of the next few months? I would expect to see a lot of volatility as investors try to weigh the future of this company from any news releases concerning the Circuit City partnership. There is a strong likelihood that shares of GZFX will move significantly higher from their present level. Circuit City is no laughing matter, this company would not have reached out and extended its hands to GameZnflix if it did not think it would benefit as well from this deal.
This is truly a company to watch and it will be very interesting to see how this partnership evolves in the future.
Repost for those new to GZFX:
GZFX BUY confirmed! Thanks penny_gold3 for the link from Raging Bull MB: Msg. 232051 of 232071
http://www.americanbulls.com/StockPage.asp?CompanyTicker=GZFX&MarketTicker=OTC&TYP=S
Daily Commentary
Our system posted a BUY CONFIRMED today. The previous SELL recommendation was issued on 03.15.2006 (15) days ago, when the stock price was 0.0103. Since then GZFX has gained 48.54% .
BUY-IF is confirmed by a white candlestick with a higher open. The buying price is today's open ( 0.0137 ) according to the Rules of Confirmation.
The recent bullish formation leading to the BUY-IF signal is confirmed today. The market seems ready for a new bullish move. It opened today with a gap-up and the day's activity resulted in a close higher than the open. This is one of our valid confirmation criteria.
The significant failure of the previous SELL signal is unfortunately confirmed too. Our shot went away this time. It is a fact that such signal failures are more unlikely for higher rated stocks, but it is not possible to deal with all the vagaries of the stock market. The signal system, however, continues to do an excellent job in the overall, despite such failures. This can be seen easily with a quick glance to the signal history table.
We hope that you bought this stock and still have the chance to profit from the later phase of the bullish attack. Today you were supposed to watch the upward gap in the opening, wait a bit, feel the bullish tendency of the market making sure that prices stay over the opening price and then go long. Your benchmark was the opening price of the upward gap.
If you bought, continue to hold this stock until the confirmation of the next SELL-IF signal. You are on relatively safe grounds as long as the future prices continue to trade above the benchmark price and if an emergency warning is not issued. What to do if you did not buy? Maybe, you did not have time to follow the session or you simply delegated the delicate job of confirmation to us. Well it is a bit late, but not too late. You may still find suitable prices for buying in the following sessions and still profit in case of a sustained bullish move.
The market is currently cold for short-sellers. Avoid any short sales and cover the short positions immediately if there are any. We erred significantly on the short side last time, but we are sure that you may easily cover your losses (if any) by basing your future trades on our signal system.
I have been checking out the new GameZnFlix website and noticed the "Investor Relations" at the bottom right of the web page. http://www.gameznflix.com/
This link redirects you to http://www.stockinformationsystems.com/c/gzfx/index.html
Information on this website is very good for anyone new to GameZnFlix.
My repost from 3SOF Penny GZFX MB:
http://www.3stocksonfire.org/trading/index.php?topic=2047.msg54921#msg54921
There's a lot of questions on various finance MBs regarding Monday and next week.
This is my take.
Based on this week's performance, momentum for GZFX is building with tremendous buying pressure, as demonstrated all this week, especially Friday!
I anticipate that this buying pressure and the buzz of "GameZnFlix the next Netflix" will gap up GZFX on Monday premarket and market open.
For many, sentiment is that at current prices, this is the "ground floor" for GZFX as a stock as many who bought lower (say, sub-$0.01 mark) already took profit and those holding GZFX shares now bought at $0.01 - $0.015 range. What this means is that these new buyers will not sell GZFX at loss and will hold for much higher gains. GZFX has been trading in 1/100th of a penny increments. I believe GZFX will trade in 1/10th of a penny soon. Will GZFX trade in one penny increments? If GZFX continues to gain, it will.
I anticipate $0.02 will be tested soon (perhaps early next week) and once GZFX breaks through the $0.02 point, open skies for gains. $0.02, here we come!
As always, time will tell. ;)
Hello LL
Another Useful Info regarding GZFX site review from alexa.
http://www.alexa.com/data/details/?url=gameznflix.com
:)
Howdie LL
Have you found a way to watch GZFX trading activity in the extended hours? I assume that it does trade but it does not register on my brokers system... and it is not on the nasdaq site?
I sure would like to watch monday AM to have a feel how it will open
thanx for the deffinitions, i hope that the military commissary deal is more than a rumor :)
cheers joe
joet,
I can watch the pre-market activity for GZFX on Scottrade streaming quotes (bid/ask).
The GameZnFlix deal with AAFES (Army & Air Force Exchange Service) is not a rumor and announcement should be released soon. http://www.aafes.com/
GameZnFlix already has US millitary discount program: (If you are active duty/veteran/reserves/National Guard/Coast Guard, you and your family members will pay a LOWER monthly rates than the regular rates)
http://www.gameznflix.com/default.aspx?content=affiliate/military
http://benefits.military.com/misc/DC/DealCategories.jsp?cat_id=201
http://www.militaryspot.com/military-discounts.htm
http://www.iraqwarveterans.org/military_discounts.htm
http://www.4militaryfamilies.com/servicediscounts.htm
http://www.oconus.com/main/sales.asp
John Fleming, CEO/President and GameZnFlix, Inc. have maintained a long term relationship and appreciation for US military. As such, with Military.com, GameZnFlix has maintained the US military discount program since June of 2004. (Since this was posted in 2004, subscription prices are presently lower and plans are slightly different)
http://www.military.com/NewContent/0,13190,GameZnFlix1_062204,00.html
FRANKLIN, Ky., June 29 /PRNewswire-FirstCall/ -- GameZnFlix, Inc. (OTC Bulletin Board: GZFX) announces the launch of its "Thank You to the Military" campaign.
http://sev.prnewswire.com/computer-electronics/20040629/LATU07429062004-1.html
John Fleming, CEO/President of GameZnFlix, Inc. stated, "We are pleased to officially launch our "Thank You to the Military" campaign. We have spent several months developing a military discount program as a way of saying thanks to those men and women who serve."
"Our campaign involves directed advertising campaigns at major military installations, as well as a renewable 90 day advertising contract with Military Advantage (http://www.military.com/). We are confident that this venture will contribute to the growth of GameZnFlix, Inc."
Military.com is the largest online military destination, with over 3 million monthly unique visitors and 3.6 million members.
"We salute GameZnFlix for thanking all those who have answered the call to serve," said Christopher Michel, President of Military Advantage.
My repost from 3SOF Penny GZFX MB:
http://www.3stocksonfire.org/trading/index.php?topic=2047.msg54966#msg54966
john b mcginnis,
Yes, penny stocks are often volatile and should only be "speculated." However, unlike many penny stocks that don't have any marketed products/services, GameZnFlix already has marketed products/services. The reason why Circuit City went nationwide with this tiny startup company (like they did with Netflix several years back) is because Circuit City was confident that GameZnFlix can handle the increased DVD/game rental/sales volume the nationwide rollout would bring.
Just think of all the questions Circuit City executives asked before going nationwide with GameZnFlix. So ask yourself the same question, "Why did Circuit City go nationwide with GameZnFlix?" I believe the answers are obvious.
There's been a lot of discussion on various finance MBs regarding GZFX as the stock price approaches the previous "high" mark of $0.02 (this often is the case as stocks actively approach 52 week highs as well).
Certainly, with GZFX's last week's rebounding performance and as the word spreads of Circuit City going nationwide with GameZnFlix, much discussion about this "potentially the next Netflix" company will take place and new buying interest grow.
On this Swing Trading MB thread, I normally only focus on listed stocks with very high volume and never covered a penny stock, with the exception of GameZnFlix. The reason why I have covered GameZnFlix previously and now hold 100% of my position in GZFX is because I see the growth potential of this company and at current prices, I believe it is the "ground floor" entry point for this stock.
As we often see with penny stocks (with most having no products or services they market), with any positive "rumor" or "PR/news/products/services/contracts/etc." they can climb easily to several hundreads to often thousand percent gains in very short period of time. GameZnFlix with the Circuit City nationwide deal has established itself as a "national" entity with definite products and services. At just over a penny, the stock price is cheaper than cheap.
I have seen penny stocks go from pennies to over a dollar and beyond with less news/PR/prducts/services than GameZnFlix. Instead of moving several or tens of millions of share in volume, GZFX has been moving hundreds of millions of shares in volume. There are people buying GZFX in blocks of $10,000 - $40,000+ every day. Why? Why would they risk so much money on a mere "penny stock?" And why so many here at 3StocksOnFire like myself vested 100% in this stock? I have my reasons, and so do many others who chose to buy so much of this stock.
What will happen to GZFX in the coming days and weeks? I believe as GZFX has demonstrated this week of very strong buying pressure overwhelming sellers and gaining steadily throughout the week, I anticipate GZFX gaining steadily into next week.
I believe many wanting to take profit have already done so, only to see GZFX continuing to climb and perhaps bought back at higher prices. My sentiment is that those holding GZFX shares now bought at $0.01 - $0.015+ range and will hold for much higher gains before selling. As $0.02 mark approaches, there may be some profit taking, but once GZFX breaks through the $0.02 mark, I anticipate GZFX climbing much higher, perhaps trading in 1/10th of penny increments.
Will GZFX trade in one penny increments? I have seen other penny stocks do it on less products/services/news/PR, so it is very possible that if GZFX continues to gain, it will.
I am all smiles and look forward to Monday's market open. ;)
I believe what's said on this article says a lot about the future of GameZnFlix. Those that are new buyers to GZFX or thinking about buying GZFX should read it carefully:
Repost from 3SOF Penny GZFX MB:
http://www.3stocksonfire.org/trading/index.php?topic=2047.new#new
fill_the_gap, nice article on GameZnFlix which is worth a repost. For those new to GameZnFlix, I would like to mention that Circuit City also partnered with a tiny new company several years ago called Netflix. ;)
http://www.marketvibrations.com/stock-market-analysis-recent.php?subaction=showfull&id=1143684453&archive=&start_from=&ucat=1&
A New Partnership: Circuit City and GameZnflix
Mar 29 2006 8:07:33 pm
Stock Market Analysis by Lonny Rosenfeld
When I wrote my first article on GameZnflix (OTC BB:GZFX) last November I stated that I very rarely write about penny stocks, but I thought this one had a lot of potential. So far I have proved myself to be correct. On Friday, March 24th Circuit City (CC) announced that it will go ahead with a nationwide release of the GameZnflix movie and rental service. In the fourth calendar quarter of 2005, the two companies tested offering the GameZnFlix services at a limited number of Circuit City Superstores and online at circuitcity.com. After concluding the tests, the services will now be expanded to include Circuit City Superstores across the United States and will continue to be available nationwide on Circuit City's website. (MARKET WIRE via COMTEX)
"We want to offer a variety of products and services to our customers and the GameZnFlix's program allows our customers to experience the convenience of renting both movies and games through the mail," said Bill Cimino, director of corporate communications for Circuit City.
The agreement calls for a rollout of GameZnFlix's service by offering prepaid service cards at each of Circuit City's Superstores. The agreement calls for adding between 45 and 110 locations each month until full deployment is reached prior to the 2006 holiday season. Financial terms of the agreement are not being disclosed.
"This relationship is a win-win for both companies," said John Fleming, chairman and chief executive officer of GameZnFlix, Inc. "Circuit City continues to prove to be one of the top destinations for movie-lovers and video gamers alike and by co-marketing with GameZnFlix, Circuit City can continue to fulfill its customers' needs by adding our rental services to its product line."
For those readers who are unaware of this company, GameZnFlix is a company that offers video games/DVDs for rental or purchase on the Internet with access to over 40,000 titles. With four different membership levels beginning at $8.99 a month to annual membership with an average price of $20.75 per month, subscribers can rent a combination of both video games and/or DVD movies with no late fees or due dates or members can purchase video games and/or DVD movie titles at a membership discount.
As anyone would expect, shares of GZFX received a huge pop at the open Monday morning. Shares surged more than 125% early in the day to trade at $.0209 on extremely heavy volume. As Monday progressed shares trimmed these gains in half. GZFX last traded Wednesday at $.0134, up 12.61% for the day. Trading for the first half of this week has been relatively predictable. Almost everyone had expected a big gain early Monday, followed by some profit taking later in the day and Tuesday. Wednesday was another day where many investors either bought back in after selling early Monday or others jumped off the sidelines to get in at a more reasonable price.
Given now that it is known that the Circuit City deal is in full effect, what does this mean for the future of GameZnflix? Clearly as I have stated months ago, the potential is truly there for this partnership to be a success. Circuit City has done its part; they have opened the door for a relatively unknown company. Now it is the job of GameZnflix to step up to the plate. This is the big leagues now, do not strike out.
I know many of you reading this article are reading this because you are either share holders of this company, have been share holders, or you are thinking about becoming a shareholder. Remember this is a penny stock, so of course there is a high level of risk involved, but is that high level of risk a risk worth taking?
Looking at the 6-month chart above[below], there are very well defined support and resistance levels. These will be the areas that will dictate trade for the short term. There is currently resistance located at $.021; this was reinforced on Monday's trading when shares topped off at $.0209. There is also support located at $.012, this was the low of the day on Wednesday before shares bounced off this level and ended the day higher.
What can be expected of shares of GZFX over the course of the next few months? I would expect to see a lot of volatility as investors try to weigh the future of this company from any news releases concerning the Circuit City partnership. There is a strong likelihood that shares of GZFX will move significantly higher from their present level. Circuit City is no laughing matter, this company would not have reached out and extended its hands to GameZnflix if it did not think it would benefit as well from this deal.
This is truly a company to watch and it will be very interesting to see how this partnership evolves in the future.
They will announce AAFES this week, imo.
And they never announced the new website. So that may also hit the wire. But AAFES is the deal that will move the stock over 2 cents, imo.
This is one of many pipelines GameZnFlix is developing, "
the GnF Entertainment Network" - the future of media entertainment, Video-on-demand (VOD).
http://biz.yahoo.com/iw/060328/0115059.html
Power to the people - Niche channels. Video-on-demand. Movies, music and classic shows. All on your TV or computer. And cheaper than cable and satellite services.http://www.sptimes.com/2006/04/02/Business/Power_to_the_people.shtml
By DAVE GUSSOW, Times Staff Writer
Published April 2, 2006
Lacrosse TV, anyone?
The sport doesn't have the mass appeal of football, baseball or basketball, so no network or cable channel features it. But to Charles Prast, it's perfect for Internet TV.
Lacrosse has 150,000 passionate fans in the United States, says Prast, chief executive of ITVN, an Internet television service. And many of those fans are willing to pay $9.95 a month to watch their favorite matches.
"It's inexpensive to develop a network in conjunction with the National Lacrosse League," Prast said. "It's not too expensive to market. I know which Web sites they go to, which magazines they read."
If a couple hundred channels on cable or satellite aren't enough, consider that Internet TV could provide thousands covering every niche imaginable, from lacrosse and sailing to cooking, street racing and music.
Technically known as Internet protocol TV, or IPTV, it's much more than a tiny window on a computer screen showing a grainy, herky-jerky video. It goes far beyond networks offering popular shows for downloading.
In the last year or so and picking up speed in recent months, companies have begun offering specialized programming that would never compete for a channel on cable or satellite. But, experts say, Internet TV could end up competing with cable and satellite providers for viewers because of its potentially expansive offerings and low prices.
Lacrosse isn't ITVN's only offering. It has thousands of old movies (think black and white and stars such as Douglas Fairbanks Jr. and Charlie Chaplin), hundreds of music choices and, being the Internet, adult content (think XXX and parental controls).
Companies wouldn't give out details on the number of subscribers. Prast says ITVN's main audience is men 20-45 years old, and his main focus is signing up more content providers.
It's using the Internet as a TV network, or more precisely networks. And, in cases such as ITVN, it doesn't even require a computer, just a high-speed Internet connection and a home network to stream the video directly to a TV.
For ITVN, for example, people have to buy a set-top box for $99.95. It connects to a router used for a high-speed home network and a TV. When they sign up for the service, they can choose to subscribe to channel "bundles." A basic package for $4.95 a month includes classic movies, a selection of live channels and radio. Premium channels are lacrosse ($9.95) and XTV (adult, $29.95).
When they turn on their TV and the ITVN set-top box, they will see buttons for the channels they pay for, and a remote control with the system makes it work.
"If you're going to distribute entertainment to people, you should distribute it on a platform that they are comfortable with in the simplest fashion possible," Prast said.
DAVE.TV uses its own media center software, which users have to download. Once the programming is on the computer, it can be viewed on the computer monitor or streamed over a home network to a TV set. It also plans a set-top box and a mobile device. Some programming is free and supported by ads, while other programming is offered on a pay-per-view model.
A growing number of companies such as ITVN, DAVE.TV and others hope that what the Internet did for access to information, it also will do for TV. Instead of networks setting the schedule, viewers could choose what they watch, when they watch and even the device they use to watch.
"The Internet has finally proved itself as a reliable medium for providing high-quality entertainment," said Colin Dixon, senior analyst at the Diffusion Group research firm in Dallas. "I think that point is a very important one for content providers because they finally see a way to get a one-on-one relationship with their viewers."
And people are interested, even if they don't have a lot of information about Internet TV services, which in many cases are only months old, according to a recent Harris Interactive survey.
About a quarter of the respondents expressed interest for IPTV on their TV and 19 percent would use it on their computers. The reasons for the interest ranged from saving money because it's less expensive than cable and satellite (42 percent), on-demand viewing (33 percent) and broader variety of programming (24 percent).
Seventeen percent say they would cancel cable and satellite subscriptions, while two-thirds say they would keep their service and try IPTV.
"Internet protocol TV, in general, will present a degree of competition initially for satellite-delivered TV," Prast said, because it provides video-on-demand and satellite doesn't.
Prices vary from service to service, but some offer bundles of channels for as little as $4.95 a month, with premium channels, including some adult content, at $9.95. Pay-per-view options are available.
DAVE.TV calls itself a content portal. People who want to offer video or music can sign on as partners under a revenue sharing agreement. They control the content, not DAVE.TV, and the portal sells advertising.
In DAVE.TV's case, programming is managed through a software media center. But with home networks, that can mean streaming video from the computer to a TV. And some can be accessed free.
"DAVE.TV is next-generation TV," said company founder Ken Lipscomb. "By being on the Internet, we can have millions of customers."
The idea of combining TV and the Internet is not new, but the technology wasn't ready. More homes now use high-speed cable or DSL Internet access, and faster home networks can handle quality video transmissions, said Eric Deming, in charge of wireless products for Linksys, which provides products and support for sharing information via the Internet. "People do want to stream video from a PC to a TV," Deming said. "Either content they've created or content they've downloaded."
Yet technical hurdles remain, and some are skeptical about how quickly video will become part of what is referred to as convergence, where devices work together so consumers can easily move data and entertainment around.
"I can tell you from experience that video is a huge problem for PCs," Citigroup analyst Tom Berquist said in a recent article. "It's very, very large in terms of bandwidth requirements, and it's huge in terms of storage requirements."
In addition to startups like ITVN, Microsoft, Intel, Yahoo, Google and others are working on various ways to turn the Internet into a distribution point for video.
That will challenge cable, satellite and increasingly phone companies. And it is setting up a potential fight. Companies such as AT&T and Verizon have said they should be able to charge an extra fee to Web sites that use a lot of bandwidth.
Prast of ITVN isn't worried about such threats. For one thing, Prast said, competition between providers will give consumers a choice. He thinks his costs will remain low.
"We don't have to pay for satellites in the air," Prast said. "We don't have to pay for cable in the ground."
As for the viewer experience, Prast thinks services that cut through the clutter will win. The potential for confusion with virtually unlimited channel choices is substantial.
Diffusion analyst Dixon thinks major potential exists for some company to develop an online, searchable TV guide.
"The one piece you need is a unified guide," Dixon said, "that helps you find everything in this tidal wave of content that's coming."
Dave Gussow can be reached at
[email protected] or 727 445-4165.
The above article should explain why GameZnFlix recently acquiring 170 Television shows for their GnF Entertainment Network is so significant. It demonstrates the future roadmap GameZnFlix management is taking to secure the company's future. Nice, very nice.
Now I really can't wait for market to open on Monday! $0.02, here we come!
http://biz.yahoo.com/iw/060328/0115059.html
GameZnFlix, Inc. Acquires 170 Television Shows for GnF Entertainment Network
Tuesday March 28, 4:15 pm ET
FRANKLIN, KY--(MARKET WIRE)--Mar 28, 2006 -- GameZnFlix, Inc. (OTC BB:GZFX.OB - News), an online provider of video game and DVD movies for rent or purchase, has purchased content for its GnF Entertainment Network. This past week the company accepted delivery and full rights to 170 television shows. GnF Entertainment is currently broadcasting to over 2 million satellite dishes across North America.
"This purchase of 170 shows is the beginning of our plan to obtain rights to all kinds of content. By purchasing these shows and possibly acquiring more, we hope to ensure that we can offer titles to our customers via many different means of distribution," John Fleming, CEO of GameZnFlix, Inc. "This represents another step towards meeting one of the company's goals of providing movies and games through video-on-demand or, potentially, any other media."
In addition to the above, the following milestones represent areas of development that the company is currently working on for 2006.
* Continue the current advertising campaign targeting the online user and
rural communities across the country.
* Research and development to identify future product delivery platforms.
* Sponsorship and endorsement programs.
* Possible expansion into Canada and the United Kingdom.
Many of you asked about GNBT and STTK.OB. So, here are the technicals.
If you look at GNBT's chart and the Short-term Swing Trading Template, GNBT hit the high of RSI at 90 with corresponding MACD peaking. Since then, GNBT has been falling with MACD now in the negative territory. A buy point for GNBT will be indicated when MACD bottoms and rebounds with corresponding RSI and price rebounding supported by volume increase.
As to STTK, as RSI is approaching the previous profit taking point, it is extremely overbought. It is very rare that any stock gains past the RSI 90 mark. If STTK is to continue gaining, I anticipate some profit taking/price correction in the near future before STTK resumes its gain.
Good morning,
Premarket bid/ask already at $0.0159 and $0.016!
Looks promising this week!
Repost from 3SOF Penny GZFX MB:
http://www.3stocksonfire.org/trading/index.php?topic=2047.new#new
rv, I get the pre-market bid/ask on my Scottrade streaming quote.
As to GZFX falling in the afternoon after testing $0.016 three times, if you look at the Nasdaq intraday chart, GZFX may have followed the market trend as with many other stocks that took the afternoon dip. Also, STTK took a lot of buyers away as it continued another day of gain. Many asked about STTK and I posted in the Swing Trading MB that RSI is at extremely "overbought" level of 90 and due for some profit taking soon.
My sentiment is that today's fall was small and I am bought in at $0.0125. Shaking off some more sellers means current holders of GZFX may have bought closer to $0.015 range than $0.01 (including those that bought today) and this means holders of GZFX will now hold for higher gains. It's all about supply and demand - less sellers willing to sell at buyers' "bid" price means higher gains for the stock price.
I am still comfortably holding GZFX shares (100%) and when STTK takes profit, perhaps many will end up buying GZFX.
Quote from: jsintexas on April 04, 2006, 02:44:52 PM
I didn't mean it as an insult. I mean that if there is all this "potential", especially with a "AAEFS rumor", why is it going down? I would think that it would be trickling up, not down.
Basonista,
Your post is correct.
I got in average .0076 and will be selling quite a bit tomorrow to protect the portfolio.
Malum 2006,
My concern is that AAFES is not a well known name. It is a giant deal for sure, but is it already built in? People have been talking like it is a done deal on all the boards.
Seems that everyone may be selling the AAFES news when it does come. Not many will want to hold into the Quarterly filing either.
Do what works for you. I will buy back in for a trade at a later date. Tomorrow, without news at the open, I will sell quite a bit.
i'm really surprised to hear that so many here are panic selling. really, what is different about GnF's business plan or potential from yesterday or last week? because we've traded down two days after trading up for 3 days everyone thinks the sky is falling? we are still up a heck of a lot from our pre circuit city national roll-out news, and are still above the lows for the stock since that news. i've done my research, and i still believe strongly that GnF is undervalued. I will be very surprised if this stock does not make a parabolic move upwards in the near future. in the meantime, i intend to hold my shares.
First of all, I have been here for months, even holding when it printed .006's. So I am far from a panic seller. In fact, I spent weeks here with no other posters present. I resent the comments above.
What changed for me was the most recent filing. 25 billion Authorized is one thing. But they basically announced selling billions to market. A big difference when they hit O/S.
Another deciding factor is that I am up nearly 100%. Giving back principal when it produces a candle like today (closing near low too) is not quality trading. I got the second round of buys in .012's and will not give that all back. I can always get back in.
I see many traders waiting for AAFES news to sell it all off. So the pop may be limited due to the billions of shares.
The main factor is that the upcoming Q will produce a major selloff. The sub count will remain low as CC has not rolled out. They added 2 billion shares to the float the last filing. And this filing will be no different.
GZFX is not worth anything from a fundamental perspective. The name CC is what keeps it up. The VOD satellite deal and e-golf is fluff. Read the filings and you will see that they spend a fortune each month. And the sub count is not growing very quickly. Chip hopes breakeven by year end.
You cannot blame people for flipping. Until people can trust the company and they bring some revenue in, flipping is the only option here.
Understand that this is all my opinion. But I have spent over a year here. Even said at one point that I would wear a 3SOF tee-shirt for a year if a double was not produced. Very few believed in me and GZFX at the time. So please respect that I come to the table and back up my sale with reasons.
I will certainly be back. It depends on the chart and if news is expected. I know this company well and will always keep it close on the Streamer.
Good luck.
Good points fill_the_gap. Watching the streaming quotes today, I feel that STTK may have pulled many traders away from other stocks like GNBT, NVAX, etc. (10-18% drop!). As the share price approaches my buy point, I will take GZFX day by day. Current resistance is at $0.0158 and support is at $0.0116.
Was STTK's gain against the technicals a fluke? Now RSI is above 90 and STTK had a strong gain today. I thought STTK would take profit this morning, but I guess I was wrong. Will STTK be able to sustain the gains again tomorrow? My guess is that when STTK sells off, many will buy back stocks that took a dip like GZFX, GNBT, etc. Time will tell.
As to swing trading, technical indicators for GNBT are remaining in the "sell column." As indicators shift to the "buy column" I am looking to buy back GNBT as MACD/RSI bottoms.
Stocksquire,
I expected AAFES news by today. The price action was enough for me to evaluate an exit. The new share count is out of control. And the reality that AAFES may be priced in hit today.
The part that truly sealed the deal was that the quarter ended last week. I do not trust management enough to know when the quarterly will be filed. They filed the 10K months in advance. There is no way that the filing will be received as a positive. The truth of how many shares have been dumped will be realized.
I will be back, but probably not until after the selloff on the filing.
I got more than a double when you factor in flipping the shares on the CC deal. It is time to cash out on this trade, imo. Sure, it will go up on AAFES. But how much ? And how many shares will be sold into that rally by GZFX. No guarantees when the news will be released either. It concerns me that CC did not rally it much more.
My rule of thumb is to not give back 100% gain. You may have have an entry and exit strategy that works for you.
See you back here soon enough.
My repost from 3SOF Penny GZFX MB:
http://www.3stocksonfire.org/trading/index.php?topic=2047.msg55539#msg55539
Well, I did say this was a "speculation" play. ;) You win some, and you lose some.
My buy in was at $0.0125, so I am still positive.
In retrospect, I did believe that the push to $0.02 would happen. In midst of positive momentum, there were issues of nervous holders uncertain of GZFX being able to sustain gains, billions of shares released (of how many sold we don't know), and I still believe STTK pulled many buyers away and prompted many holders of GZFX to sell so that they can jump on the STTK wagon.
Will GZFX go any lower? I am willing to take some more loss to find out (the gambler in me) ;) I will see what happens to GZFX on market open.
My sentiment is that STTK must have price correction/take profit eventually with RSI 90+. With last two days of fall GZFX may be attractive for rebound buy as I wait for GNBT to show indicators of bottomming. Stock trading is my hobby, and when my trades don't go as well as I anticipated, I learn from them. :D
Also, I am not sure, but this may have had a part today:
http://biz.yahoo.com/rb/060404/media_netflix_blockbuster.html?.v=3
Netflix sues Blockbuster to shut online service
Tuesday April 4, 7:57 pm ET
By Gina Keating
Online DVD rental company Netflix Inc. on Tuesday sued rival Blockbuster Inc. for patent infringement, asking a federal judge in Northern California to shut down Blockbuster's 18-month-old online rental service and award Netflix damages, according to a copy of the filing.
Netflix, which was founded in 1999, holds two U.S. patents for its business methodology, which calls for subscribers to pay a monthly fee to select and rent DVDs from the company's Web site and to maintain a list of titles telling Netflix in which order to ship the films, according to the patents, which were included as exhibits in the lawsuit.
The first patent, granted in 2003, covers the method by which Netflix customers select and receive a certain number of movies at a time, and return them for more titles.
The second patent, issued on Tuesday, "covers a method for subscription-based online rental that allows subscribers to keep the DVDs they rent for as long as they wish without incurring any late fees, to obtain new DVDs without incurring additional charges and to prioritize and reprioritize their own personal dynamic queue -- of DVDs to be rented," the lawsuit said...
However, read this at the end of the article:
... Wedbush Morgan analyst Michael Pachter, who also is an attorney, said it was unclear whether Netflix's challenge to Blockbuster's online service would be upheld by the federal court.
"It's my opinion that it won't be," Pachter said. "Blockbuster detrimentally relied on their silence as consent. If in fact (Netflix) feels so damaged they should have sought injunctive relief before Blockbuster rolled out its service."
And BTW, wouldn't you think that Circuit City would have been aware of any Netflix patent related issues before they went nationwide with GameZnFlix? With the Netflix vs BlockBusters issue, Circuit City stock went up in price today.
What do you think?
On Raging Bull, there's talk of GameZnFlix commercial being aired during TV show American Idol. If it is true, very nice for GZFX.
Repost from RB MB:
dot433
05 Apr 2006, 09:06 AM EDT
Msg. 234144 of 234151
(This msg. is a reply to 234119 by houstontexx.)
Commercial was on during American Idol with was aired arround 9.0clock pm mountain time. I know it's hard not to be sceptical but it was there and like I said cc would not spend time or money if this is not a go.
dot433
05 Apr 2006, 12:02 AM EDT
Msg. 234092 of 234152
Yes, we have seen the television commercial tonight for circuit city and gameznflix, we live in Alberta Canada I am starting to become a believer in this and thats a good sign
I like this type of p&l fundamentals
http://finance.yahoo.com/q/is?s=KNOT
Knot So Nice
http://www.fool.com/news/mft/2006/mft06040402.htm
By Rick Aristotle Munarriz (TMFBreakerRick)
04/04/2006
It helps when you admit that you're wrong. Yesterday, JPM Securities upgraded online wedding-planning site The Knot(Nasdaq: KNOT) from "Market Perform" to "Market Outperform." The boost comes on the heels of a JPM Securities downgrade less than six months earlier.
A lot happened to The Knot between the Oct. 26, 2005, downgrade and Monday's eventual upgrade. The company wound up producing more-than-respectable financial results. It was able to cool down its legal tussle with WeddingChannel.com. It was singled out as a recommended stock to Rule Breakers subscribers. And, of course, the stock also happened to jump 51% higher.
JPM wasn't the only company on the wrong side of untying The Knot. Four months ago, TheStreet.com's (Nasdaq: TSCM) Jim Cramer dug into the company in Mad Money.
"I wouldn't chase this stock in the low teens, as it has already gained more than 150% on the year," Cramer argued.
It's flawed logic, of course. Just because a stock has risen in the past does not mean that it won't keep rising in the future. It bears noting that if 150% is such an impressive number, then the company's ability to grow earnings per share by 220% in 2005 should be quite the head-turner. With yesterday's close of $18.69, the stock has gone from the low teens to a consenting adult, inching more than 40% higher along the way.
The Knot's popularity is as simple as understanding the nature of its traffic. With fiancees looking to drop some serious amounts of money on their weddings, everyone from catering-hall managers to mullet-sporting wedding singers pay for representation on The Knot.
The Knot has launched other sites like PromSpot, which taps a younger, more naive audience: kids willing to pay to look their best for their high school proms. There is also The Nest, a spot dedicated to newlyweds making many of their first decisions together.
Along the way, The Knot has struck content-streaming deals with Comcast(Nasdaq: CMCSA) and a credit card product with American Express(NYSE: AXP). The shares may not seem cheap these days, but the company continues inching closer to the airborne floral bouquet.
With performance like this, even JPM should be applauded for a second shot at love.
Nice rebound for GNBT. ;) And STTK finally took a fall!
Quote from: LiveLife on April 04, 2006, 09:11:46 PM
As to swing trading, technical indicators for GNBT are remaining in the "sell column." As indicators shift to the "buy column" I am looking to buy back GNBT as MACD/RSI bottoms.
Good morning,
GNBT and GZFX rebounding nicely! And STTK is continuing to fall.
I have been long on AMEDIA NETWORKS
AANI.OB
It may be something of interest?
Thanks LL for what you are doing on 3SOF!
-BPKC
Chart:
http://stockcharts.com/h-sc/ui?s=aani
Thanks fill_the_gap and MoabHQ for your comments.
Continuing gain for GNBT and GZFX closed green! :D STTK dropped all the way down to $0.62! Wow!
Nice job on AANI. Very trendable. And look at the RSI at 10 in January! Would have been a nice buy point with over 100%+ gain since then. ;)
Hello LiveLife. Today CUP had a breakout with big volume after several days of downtrend. How do you see the template applied to this one?
Thanks in advance!!!!
Nica33 :D
nica33,
CUP's RSI/MACD "appears" to be bottoming, but keep in mind that today's gain was very large. The previous profit taking point for CUP was RSI 50. So, be careful and watch this stock closely.
On "Falling" stocks, you must be sure that the rebound is a "true" rebound. Actively gaining stocks go through price corrections and short-term profit taking before resuming gains. And even these actively gaining stocks (like GNBT) do often take a fairly big fall.
Keep in mind that the template is a "guide" only. There are many factors that affect stock prices.
Stock manipulations by hedge fund managers and now "pump and dump" crooks!
Thanks mulhalltom for the link from Yahoo NVAX MB:
04/07/06 01:32 am
Msg: 199126 of 199127
http://www.sec.gov/litigation/litreleases/2006/lr19642.htm
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 19642 / April 6, 2006
SEC v. Faisal Zafar and Sameer Thawani, 06 CV 06 1578 (GLEESON)(EDNY)
SEC Brings Emergency Action in Federal Court to Stop Fraudulent Manipulation of Microcap Stocks
On April 6, 2006, the Securities and Exchange Commission filed a civil injunctive action in the United States District Court for the Eastern District of New York charging Faisal Zafar and Sameer Thawani with perpetrating an ongoing securities fraud over the internet. The complaint alleges that since late 2004 and as recently as March 2006, Zafar and Thawani have engaged in a "pump and dump" scheme to manipulate the market for at least 24 thinly traded "microcap" or "smallcap" stocks. The defendants have made over $873,000 by purchasing the stocks, anonymously disseminating false information about the companies on popular internet message boards, and then selling the stocks at artificially inflated prices.
Acting on the Commission's application for emergency relief, the Court issued a temporary restraining order that, among other things, froze the defendants' assets and set a date for a hearing on the Commission's motion for entry of a preliminary injunction against further violations and other relief while the action is pending.
The Commission's complaint identifies the defendants as follows:
* Faisal Zafar, age 32, resides in Yaphank, New York, and is listed on the website of a company called Secure-Minds, Inc. ("Secure-Minds") as its President and CEO.
* Sameer Thawani, age 27, resides in Lake Grove, New York, and is listed on the Secure Minds website as its Vice President.
The complaint further alleges the following facts:
After buying shares at prevailing market prices, Zafar and Thawani used online aliases to post messages touting the stock and containing phony press release excerpts or other fake "news" about the issuer to deceive investors. The phony headlines concocted by the defendants include huge business contracts, mergers and strategic alliances between these little-known issuers and an array of major corporations -- such as Google, Kmart and Sun Microsystems -- and other dramatic developments designed to make the targeted stocks appear to be surefire investment opportunities. The defendants have also preyed on fears about terrorism and international health epidemics to deceive investors. After the London subway bombings and reports concerning a deadly "bird flu" virus, Zafar posted messages falsely stating that one issuer was receiving a contract from the Department of Homeland Security to improve security on New York City subways, and that another issuer was acquiring a company that produces "bird flu" vaccine.
Zafar and Thawani are engaged in a classic internet "pump and dump" manipulation scheme whose basic structure is as follows: (1) one or both of the defendants purchase shares of the issuer's stock in their online brokerage accounts; (2) the defendants register multiple online identities ("User IDs") with internet message board services; (3) the defendants post multiple messages attributed to their User IDs on internet message boards devoted either to the touted stock or to other, more widely followed stocks; (4) the messages contain materially false statements about the issuer and urge other investors to buy the stock; and (5) as soon as the stock price increases due to purchases spurred by the false statements, the defendants sell their shares at the inflated price for a quick profit. After their sales, the price of the stock quickly returns to its pre-manipulation level. These events sometimes all occur within the span of a single day.
The defendants have created at least 300 different User IDs and have used them to post well over one thousand messages fraudulently touting the stock of at least 24 small-cap issuers, some of them on multiple occasions. The defendants created these multiple online aliases in order to conceal their identities from investors and make it appear as if the same breaking "news" is coming from multiple independent sources. More recently, the defendants have also targeted specific investors by posing as moderators of internet user groups devoted to low-priced stocks and sending emails to the group members while simultaneously posting false messages on different internet message boards about the same stock under different user names. The emails have been sent out under user names such as "marketgeneral" and "danielbknight," among others. These emails purport to alert investors to imminent news about the stock and urge them to capitalize by buying the stock before the "news" is made public.
The complaint alleges that by engaging in this conduct, the defendants violated antifraud provisions of the federal securities laws. Specifically, the complaint alleges that Zafar and Thawani violated Section 17(a) of the Securities Act of 1933 ("Securities Act"), Section 10(b) of the Securities Act of 1934 ("Exchange Act") and Rule 10b-5. The complaint seeks a final judgment (i) enjoining the defendants from violations of these provisions of the federal securities laws; (ii) ordering them to disgorge all their ill-gotten gains; and (iii) and imposing civil money penalties. Pending a final determination of this action, the complaint also seeks a preliminary injunction against the foregoing violations and continuation of the emergency relief ordered today.
The Commission acknowledges the cooperation of the United States Attorney's Office for the Eastern District of New York and the Federal Bureau of Investigation in this matter.
http://www.sec.gov/litigation/complaints/2006/comp19642.pdf
Live Life,
I am getting completely out of GZFX. The support looks to break at .012. Without major news, I do not want to own it until after the filing. Thought I would tell you as you have been with me all the way.
It was a trade on the CC deal, imo.
Yes, fill_the_gap. I am out as well.
Well, we dust off and start looking for the next stocks to trade. It's all part of the game of stock trading. ;)
My repost from 3SOF Penny GZFX MB:
http://www.3stocksonfire.org/trading/index.php?topic=2047.msg56455#msg56455
fill_the_gap I agree.
I posted previously that GameZnFlix management should allow share price to gain by holding back on release of additional shares. Had the share price gained above the previous test point of $0.02+ I believe GZFX would have continued to gain on momentum.
Perhaps, good news for GameZnFlix is that if they sold more shares (how many shares we still don't know), they have raised much needed capital to move forward with their growth (advertisement, more distribution centers, etc.).
GameZnFlix will be "fully" nationwide with Circuit City by Thanksgiving/Christmas time and each Circuit City being added to the rollout will add more subscribers. I will keep my eye on GZFX as spring/summer approaches. Will GZFX rebound from here? Time will tell.
Take care everyone and keep on trading!
Repost of my email reply to short/mid and long-term stock trading question:
What I have learned since last July is that all stocks make money, some short-term, some mid-term and some long-term. And I am still learning.
Heck, I am sure there were many that sold HANS as it rose from $5 to $10, $20, $50 and got nervous that too much growth already took place (with the 2:1 split taken into consideration when prict hit $100, HANS grew to $250!). When HANS took a dip to $80, many thought the gain run was over. Well, I thought HANS would go back to $100 and now it is at $125.
It is hard to pick long-term plays unless you absolutely know the company fundamentals as to how it will grow into the market place.
I recommended HANS last year as a solid Roth IRA pick because Hansen natural sodas were going national and being carried by the Supermarket chains as a "branded" product. Softdrink market is huge and taking even a tiny portion of this huge market would mean growth for Hansens. Recently with the energy drink "Monster" gaining popularity (twice the drink as Red Bull at same or less price too) Hansen stood to increase their market share in that market segment as well.
Actually, I thought HANS was going to split 2:1 again when it hit $100. I still think it should have. Perhaps even a 4:1 split may have been even better. So far this year, company fundamentals for HANS hasn't changed and I am still drinking Hansens products. As long as the consumer sentiment for Hansens natural soda/energy drink remains and continues to grow, HANS will keep growing in stock price as well. I have been drinking Hansens natural soda since the 70's. Too bad I didn't buy HANS stocks back then. LOL
As to the "next" group of stocks, I am in the process of moving (my work gave me a temporary promotion (may become permanent by summer time) and closer to work) and we've been packing all weekend. The move will take 2-3 weeks, so I may not have much time to devote to stock trading. But this will give me a chance to review and reapproach the stock trading concepts and the "new" list of stocks: short to long-term.
I will email you with my long-term recommendations once I do that (I still think HANS may go higher), but for now, I am taking the position that with recent drop in Avian plays (I know there's been some bad press about how over-hyped Avian stocks are right now) some may bounce back. Friday's drop may have been due to GNBT's Avian development and many probably sold GNBT along with other Avian stocks. I am in GNBT because I believe the stock will gain due to their oral insulin spray and not for their Avian vaccine development. Many may think similar and sell their Avian stocks and buy GNBT.
But keep in mind that there are tens of thousands of stocks (listed) and plenty more pennies that can be traded short-term to make money and many traders may leave the Avian Biotech sector to look for next group of stocks to trade with.
Like I posted last year on the Swing Trading MB, the thread will continue to "evolve" to become more and more effective. No stock goes up forever and that's why I swing trade the rise/fall cycles. NVAX has taught me that lesson last year. And as I posted on Friday, we dust off and move on.
My repost from 3SOF Penny GZFX MB:
http://www.3stocksonfire.org/trading/index.php?topic=2047.new#new
I believe it's a toss up from now on for GZFX.
We have essentially all the "bad" news (release of new shares, profit taking dip, and selling related to "concerns", etc.) on the table and it is common knowledge.
With this "behind" GZFX, I will speculate a portion of my portfolio with GZFX.
I am buying back on morning dip. ;) Of course, I will take it day-by-day.
rv, believe me I share your sentiment.
I did some review this weekend and what I realized was that (I can admit that I am wrong) GZFX should have been "traded" short-term and perhaps that's what many did.
If you look at the buy/sell chart below, GZFX could have been traded with 30%-100% gains short-term. It's all about being on the right side of the trades.
According to the chart, RSI is below 50 and MACD is in the negative territory. MACD/RSI may dip even lower before GZFX rebounds.
GZFX still is a "speculative" play until company proves its worth as this year plays out, hence I will take it day-by-day.
Nice morning pop of GNBT on news.
http://finance.yahoo.com/q?s=GNBT
GZFX tested $0.01 and rebounded in the afternoon and it is "speculative" play that should be "traded" only.
Sold GNBT. Today's general market fall dropped the share price of many stocks.
If current bearish trend continues, I may consider shorting stocks. ;)
Dow Finishes Down 52 at 11,090, Nasdaq Finishes Down 23 at 2,310 on Traders' Inflation Fears
http://biz.yahoo.com/ap/060411/wall_street.html?.v=23
Tuesday April 11, 6:40 pm ET
By Christopher Wang, AP Business Writer
The Dow dropped 51.70, or 0.46 percent, to 11,089.63, its lowest close since finishing at 11,076.02 on March 13.
The broader stock indicators declined. The Standard & Poor's 500 index lost 10.05, or 0.78 percent, to 1,286.57 -- also a one-month low -- and the Nasdaq composite index fell 22.92, or 0.98 percent, to 2,310.35.
GZFX's positive PR was overshadowed by general market fall that dropped the share price of many stocks. I believe future GZFX share price will reflect GameZnFlix's ability to deliver on its promises as the nationwide rollout progresses this year with Circuit City.
GameZnFlix, Inc. Begins Streaming GNF Entertainment Channel Through Its Website
Tuesday April 11, 10:06 am ET
http://biz.yahoo.com/iw/060411/0122552.html
FRANKLIN, KY--(MARKET WIRE)--Apr 11, 2006 -- GameZnFlix, Inc. (OTC BB:GZFX.OB - News), an online provider of video game and DVD movies for rent or purchase, has begun streaming its television channel GNF Entertainment to the company's website.
"The streaming of our television channel to the website is another step in this research and development project the company is working on," said, John Fleming, CEO of GameZnFlix, Inc. "The GnF Entertainment Channel on the website (logo link on the platform line of the home page) marks a step towards the company's goals of providing movies and games through video-on-demand or, potentially, any other media." http://www.gameznflix.com/default.aspx?content=affiliate/gnfent&kbid=2020
Check it out. This is positive development for Video-On-Demand (VOD) platform base as GnF Entertainment is currently broadcasting to over 2 million satellite dishes across North America. http://biz.yahoo.com/iw/060328/0115059.html
http://www.gameznflix.com/default.aspx?content=affiliate/gnfent&kbid=2020
how many member does gameflix have? how about netflix
FYI.
Earnings Preview: Circuit City
Tuesday April 11, 6:22 pm ET
Circuit City Seen Posting Strong 4Q Results on Improved Margins From Big-Ticket Items
http://biz.yahoo.com/ap/060411/earns_preview_circuit_city.html?.v=1
NEW YORK (AP) -- Electronics retailer Circuit City Stores Inc. reports its earnings for the fiscal fourth quarter before the opening bell Wednesday. The following is a summary of expectations and developments for the period.
EXPECTATIONS: Analysts surveyed by Thomson Financial are looking for Circuit City to post quarterly earnings of 77 cents per share on $3.89 billion in revenue.
ANALYST TAKE: Citigroup analyst Bill Sims continued recommending that investors buy Circuit City shares, saying the market appears to be underestimating benefits the company is realizing from shifting its focus to higher-margin digital products like flat-panel televisions and MP3 players. He added that Circuit City should see strong comparable-store sales growth in the coming two quarters. "While we still think that Best Buy Co. has the better business model for the long term, there is less risk in Circuit City in the near term given the easier comparisons," Sims wrote in a research note.
COMPETITORS: Rival and industry leader Best Buy Co. recently laid off 300 corporate staff as it seeks to trim $300 million in annual costs. The company's spending has been on the rise from plans to tailor its stores toward certain customer segments.
have a look on AKAM...
http://finance.yahoo.com/q?s=akam
it hasn't said its last word...
Doyle, the focus of this Swing Trading MB is stocks priced under $30 and specifically under $10 for growth potential.
However, AKAM has shown to be a very trendable stock with 50% gain since start of this year.
Nice. :D
GZFX closed green with PR released after trading hours.
GameZnFlix, Inc. Licenses 3,600 Movies for GnF Entertainment Network Library
Wednesday April 12, 5:32 pm ET
http://biz.yahoo.com/iw/060412/0122908.html
FRANKLIN, KY--(MARKET WIRE)--Apr 12, 2006 -- GameZnFlix, Inc. (OTC BB:GZFX.OB - News), an online provider of video game and DVD movies for rent or purchase, has licensed 3,600 movie titles for its GnF Entertainment Network. GnF Entertainment is currently broadcasting to over 2 million satellite dishes across North America, Canada, Mexico, Caribbean, and providing streaming TV to www.gameznflix.com
"This licensing agreement further adds to our television film library and is another step forward to providing options to our current members and future members," John Fleming, CEO of GameZnFlix, Inc. "The Company's research and development project continues to move towards accomplishing one of the company's goals of providing movies and games through video-on-demand or, potentially, any other media."
http://www.gameznflix.com/default.aspx?content=affiliate/gnfent&kbid=2020
Continuing to watch GNBT.
Livelife, hoping you are out of GZFX for now ?
Quote from: godspeed06 on April 13, 2006, 08:45:40 PM
50ma will be taken out on monday. 5ma continues to fall and will soon drop below the 50ma, 20ma will soon start a downward trend. cmf is on its way back down to the -.50-.70 range again. macd will soon go negative... i let myself be blinded by this companies service and what i thought was its actual value. normally with pinks youre isolated from their service, in fact, usually they dont even do anything. this one is so easily compared to netflix that you really think youve got something, but its no netflix... yet. dont let the pr's and hope keep blinding you. ive ignored the technicals for too long thinking that news at any time would override them... well that was naive. time to start looking at the charts, and it doesnt look good. it makes me sick, but i think this will trend down to .005. :-\
i applaud the regulars on here that flipped and studied the charts. fill the gap and so on. i wont make this mistake again. i plan on buying in again at some point later this year. but i need to see whats going on with the A/S and how well the cc deal actually goes.
Godspeed, I agree.
It will also further decline when the Q arrives. Holding it now when all indicators point down is asking to lose money.
The hopes of large returns vanished when the major dilution set it. So many people are waiting for some news to just sell and get out of GZFX right now. So any news is hit hard with even more selling. A vicious cycle.
And other boards are pointing out that GZFX Agreement with Golden Gate allows for Short Selling! This is not good because it can already be shorted in Berlin.
The price looks to head well below a penny in the weeks ahead.
Repost from 3SOF Penny GZFX MB:
http://www.3stocksonfire.org/trading/index.php?topic=2047.msg57392#msg57392
Quote from: godspeed06 on April 13, 2006, 08:45:40 PM
I applaud the regulars on here that flipped and studied the charts. fill the gap and so on. i wont make this mistake again. i plan on buying in again at some point later this year. but i need to see whats going on with the A/S and how well the cc deal actually goes.
Yes, godspeed06. It's about being on the right side of the trade of being able to buy low and selling high. With GZFX price so low (penny per share) you can do "fractional" trading where a small change (a few 1/10th or even 1/100th of a penny) translates to several hundreds to thousands of dollars when traded in 100K to 1 million share blocks.
If you look at GZFX intraday charts the past few weeks, they are indicative of many trading intraday or profit taking as GZFX makes gains.
fill_the_gap, as we both posted before there are many factors, such as the outstanding shares and shares GameZnFlix already released to raise capital, that are concerning many and I attribute these factors to GZFX not having attained higher share prices. As long as these concerns exist, it will influence future share price of GZFX.
Calvin87, the longs that are willing to wait out the implementation of nationwide rollout with Circuit City starting May and the gradual growth of GameZnFlix will have some time to wait. Unfortunately, there are more traders than investors on finance message boards (Yahoo, Raging Bull, Investors Hub, etc.) so the postings will lean to stock trade related comments than longer-term investing. The stock traders (like me and many on 3SOF) do not invest and we look for trades to turn a profit on short/mid-term basis. With that said, GameZnFlix as a new startup company does hold many promises for future growth. I believe as time passes this year, we will see and know how the long-term prospects for this company will play out.
As for me, as a short-term swing trader by heart, I will continue to monitor the stock (among many) and continue to trade on the rise/fall cycles based on technicals.
Hi. LIvelife
I didn't sell GZFX on the top-- didn't sell later( Don't worry- I know who I am... :-[)
Looking at the chart today, you think it will rebound of 50 ma?
There is also nice support and Market turned bullish, and Taxes already paid...
Appreciate your reply
lana
lana2b,
As fill_the_gap and I posted previously, there are many factors that concern those trading GZFX on a short/mid-term basis, such as the outstanding shares and amount of shares GameZnFlix management has and will sell to raise working capital now and in the future. And these factors have overshadowed otherwise a great promise of a startup company going nationwide with Circuit City. But this is how micro/small cap startup companies raise money until they can generate revenue that can sustain their operations - by selling shares.
Good news is that these concerns are now common knowledge and "on the table" for everyone to see. From now on, GZFX will be traded with all these factors known up front.
My take of GZFX is this.
Technically, GZFX has demonstrated recent 50% - 100%+ gains, and many have taken profit when the selling opportunities presented themselves. Those that wanted to sell, I am quite certain that they have already sold by now. Those that are still holding GZFX shares may primarily be comprised of long-term "fans" of GameZnFlix (long-term investors) or those that missed out on the selling opportunities like yourself.
What you should consider is this. Many that made money with GZFX will be looking for another bottoming. If you look at the buy/sell chart below, you can see the MACD/RSI rise/fall cycles that correspond with the rise/fall cycles of stock price. And yes, the 20/50/200 day Moving Average are now all going positive.
If history repeats itself with GZFX, then rebound of MACD/RSI with corresponding price gains may attract those that traded GZFX previously. If GZFX does not rebound, then price may drop even further. However, if GZFX rebounds with continuing gains (technical analysis was developed to describe stock behavior, but as more and more traders buy/sell according to technicals, it becomes a "self-fulfilling prophesy") there may be a large influx of buying to ride the "next" trade with GZFX.
I am quite certain that most of those who bought GZFX sub-one penny probably have taken profit by now (and may have bought/sold GZFX several times already). There's been a lot of talk if GZFX will go below a penny on finance MBs. That depends on how low traders are willing to sell on loss. If majority of holders aren't willing to sell on loss or low, then buying pressure will overcome sellers. Penny stocks, unlike listed stocks (NYSE, Nasdaq, AMEX, etc.) do not require a seller for every buyer. New buyers can buy their shares directly. So, to an extent, GameZnFlix management "controls" whether GZFX share price rises or falls by controlling the amount of outstanding shares they choose to sell directly.
The positive developments and continuing progress of GameZnFlix going nationwide with Circuit City have not changed. And for this short-term swing trader, I will be monitoring GZFX very closely next week for MACD/RSI bottoming (I am sure so will many other traders as well). ;)
So, if you are holding GZFX shares, I would recommend that you see how next week unfolds.
I hope I helped.
Many asked about the Rotational Swing Trading trial. I believe GNBT may be a candidate for a rebounding gain.
If you look at the chart/template below, the technical indicators are improving and moving from the sell column to the buy column.
How about GNTA, INSM, and NVAX?
Are their rebounds definite?
LiveLife
I love your analysis on GZFX situation. Not just the result, but the point of view. Very understandable and usefull. Appreciate so much your input and time. Plus, it made me feel better about GZFX.
Sometimes, when I post my questions(I don't post too much, and it mostly questions) I feel like a user- just asking and don't give any good thing back. I am a young trader, less then a year, and just learning. Hope, in a future I will be able to share my experience too
Thank you again and Good Luck :-* :-* :-*
lana
lana2b, thanks for your comments.
I have learned with NVAX last year that we cannot fall in love with companies we stock trade with. Subjective or "emotional" view of companies will cloud our stock trading judgement and our hope will make us buy high or not sell when we should take profit.
The stock trading templates we have developed on this MB thread will keep us objective and point out when we need to take profit. Conversely, when everyone is bailing out and selling on panic, it also points out technically corresponding entry/buy points for stocks when they rebound.
When I started stock trading last summer as a newbie, I wondered why some on 3SOF MBs, finance MBs and Institutional/Fund managers would sell when stock was going up and everyone was buying. Well, when I started out last year, I bought high and sold low. :-\ And I continued to wonder why they bought when stock was going down and everyone was selling. As NVAX dropped from $6 to $3.50, they bought and sold as NVAX rose to $8 and now they are buying again! (see Lycos I-watch and 1 year TA charts below) What I learned from 3SOF (Thanks to David/Frederick and many 3SOF members ;)) is that they were trading according to technical analysis. http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?t=NVAX&range=7&mgp=0&x=11&y=9&i=3&hdate=
This MB thread exists to support newbies to stock trading and those that are looking to be more effective in stock trading. With my second group of stock trading newbies, I am recommending that they consider doing short-term swing trading with 1-3 stocks to start out with (so far they are doing "paper trades" only). This will help them learn the basics of technical analysis and develop the buy/sell points of stocks.
lana2b, technical analysis is not 100%, even for trending stocks. And of course, we'll win most and lose some here and there. ;) But it does provide an objective guidelines for stock trading buy/sell points, and swing trading minimizes losses on short-term to maximize gains long-term.
The fact is that stocks go from $1 to $4.50 (GNBT) and $8 (NVAX) and $250 (HANS with 2:1 split) on a regular basis. It is my goal to provide the tools for newbies so that they can effectively stock trade for profit. On this MB thread, we have accomplished some success already with the swing trading templates and the simple buy/sell charting of technical charts.
These basic tools alone can be used effectively to profit while stock trading (and many have done that and do on a daily basis) and we'll continue to develop more effective stock trading tools as we head into the future.
For those new to stock trading, learn the baiscs of stock trading and technical analysis. Having the proper foundation will help you become more effective in stock trading and ultimately, MAKE MONEY! ;) You can check out the ever expanding Knowledge Base here: http://www.3stocksonfire.org/trading/index.php?topic=3633.msg32636#msg32636
Happy Easter everyone!
Good morning.
Back in GZFX. ;)
GZFX maintained the gains and closed in the green. ;)
Interesting repost from Raging Bull MB:
http://www.npr.org/templates/story/story.php?storyId=5331394
"The U.S. Supreme Court has begun to show a greater interest in patent cases. And last week, a Congressional subcommittee held a hearing on whether questionable patents are hurting the economy. Meanwhile, home-movie fans will have a front-row seat as the drama between Netflix and Blockbuster plays out." More at link.
ericgale1
19 Apr 2006, 07:12 PM EDT Msg. 237939 of 237942
Business models have been copied left and right, throughout US history. They've never been protected, and neither have things like queues.
For example, McDonalds' business model was copied by Burger King, Arbys, Wendy's, etc. They may have certain recipes that are protected, but the general idea of fast food franchises has been replicated many times over.
Furthermore, somewhat akin to Netflix' Que feature, the "drive-through window" was not a patent protected idea. One fast-food place started using it, and then everyone else did.
This suit is an desperate act aimed at preserving proft margins that will shrink as growth slows and competition increases.
It's also having a bad impact on NFLX' image. I've seen several NFLX customers who posted that they are dropping NFLX, because they find this suit so distateful.
My repost from 3SOF Penny GZFX MB:
http://www.3stocksonfire.org/trading/index.php?topic=2047.msg58078#msg58078
Calvin87 and godspeed06, thanks for the comments.
Those that are "uncertain" and looking for more positive rebound indicators can wait and buy when more "buy" indicators are present.
I have been trading GZFX since last November and following are my reasons for buying back GZFX:
Since last July, I found that MACD is probably the most accurate indicator to use to make BUY/SELL points. I use MACD bottoms and peaks to chart my simplified BUY/SELL charts and generally it is right on target (with some small deviations).
If you look at MACD closely, it has bottomed and rebounded today. The "Negative to Positive" MACD indicator on BUY column represents MACD rebounding and going from negative to positive territory even though it is still in the negative territory. (Yes, I spent a lot of time looking at charts before I came up with this MACD BUY indicator as I developed the short-term swing trading template).
If you look at the BUY/SELL chart below, you will find that GZFX has been taking profit early as RSI approached 60 and rebounded at RSI 40. And that's why I decided to buy back.
As always, time will tell.
See you at market open. ;)
Howdie LL
Good to hear that you still like GZFX.. do you have a mental stop limit for this trade in case this is not the bottom? I am still thinking we may test the .007 support range??
Cheers joe
joet,
All I can go by are the past performance data of stocks.
When I monitor my 20-40 group of stocks, I look for past technical trade patterns. Perhaps I can add the previous RSI buy/sell points to the swing trading templates in the future. ;)
Typically, stocks rebound with RSI between 30-50. Some stocks rebound off 50 and some will dip all the way down to 30 before rebounding. And most stocks will peak with RSI 70-80+ and some will peak early at RSI 60+. RSI and MACD are just mathematical representations based on past trading behavior/patterns of stocks.
When stocks I monitor rebound and peak, I look closely at the MACD bottoms and peaks. At present, I am using the simple BUY/SELL chart based on MACD bottoms/peaks to be the primary indicator, which has demonstrated to me to be the most accurate BUY/SELL indicator.
GZFX recently demonstrated that it will rebound off RSI 40 and peak at 60-70. That's why I believe GZFX has bottomed and with corresponding MACD bottom yesterday and I bought. Was Tuesday the bottom and yesterday true rebound point? Time will tell.
livelife,
I am a newbie and I have been watching GNBT and I am waiting for the RSI to move to low 40's. MACD seems to be moving towards the positive territory, although not there yet. The company seems to have good things ahead of it with their oral-lyn diabetes drug and bird flu vaccine. I would not be surprised if a large pharm sucked them up.
What are your thoughts?
Samuelhays
samuelhays, welcome to the Swing Trading MB dedicated to newbies to stock trading! :D
GNBT MACD is continuing to rise towards the positive territory. My sentiment is that with slight rise in volume today, GNBT may continue the gradual gain pattern from MACD bottom with RSI rising accordingly. As to large pharma "sucking" Generex up ;), the company does hold many promises along with some great patents. I believe Generex tried a deal with Lily before. If Generex receives additional approvals for retail sale of Oral-lyn like in Canada, Mexico and European Union, Generex can certainly "license" the products/patents to other larger pharma instead of being merged or bought out.
Generex sure is a promising company, but I am a short-term swing trader and I will continue to trade with stocks that have the greatest of short-term gain potential. That's why I do "Rotational Swing Trading" by recycling through my list of 20-40 stocks I monitor. You can check out the ever expanding knowledge base here:
http://www.3stocksonfire.org/trading/index.php?topic=3633.msg32636#msg32636
Repost from 3SOF Penny GZFX MB:
http://www.3stocksonfire.org/trading/index.php?topic=2047.msg58215#msg58215
Calvin87, I am hoping. ;D godspeed06, yes even a "draw" day is a good confirmation for GZFX that's been on a downward fall. If this represents an "extended bottom" then GZFX will attract more buyers tomorrow. Let's watch how GZFX does tomorrow.
And I promised my wife no pumping or hyping GZFX on this trade. I will focus only on the technicals and sell as RSI hits the previous sell points of 60-70+. ;)
As to GZFX, another day of confirmation. More technical indicators are now in the BUY column and today's intraday performance will increase the confidence of this stock. Many were concerned about the 3 days of fall with 1 day of rise pattern and if this was the case, this pattern is now broken as of today.
Here's a retrospect of GZFX. Will GZFX follow the trendline?
Repost from 3SOF Penny GZFX MB:
http://www.3stocksonfire.org/trading/index.php?topic=2047.msg58223#msg58223
godspeed06, some good points. It's probable that many other traders share your sentiments.
As to the trendline, the blue trendline was drawn based on recent "bottoms" and does not take into consideration how high the stock "jumped" to.
My take is that if GZFX continues up from this point, then many will see that this is the "absolute" bottoming of GZFX and accept and follow the trendline. Since many are nervous about previous profit taking cycles of GZFX, I anticipate that RSI may peak earlier than 70-80+ (typical for most stocks).
Believe me, profit taking WILL happen with GZFX on the next run, but as the nationwide rollout commences in the month of May, confidence in GZFX will happen if the share price continues on the trendline.
After the next rise/fall cycle, if the trendline bottom is higher than present levels, then many will consider GZFX to be on the "bullish" run and continue to push the rise/fall cycles higher and higher. And you can bet that when/if this happens, I will be doing Rotational Swing Trading with GZFX. :D
Of course, this is only my "crazy" take only based on technicals yet to be realized. Add to this any new positive news/PR and it will only improve the share price prospect for GZFX IMHO.
BTW, does anyone realize that this stock is less than a penny?
Could GZFX ever trade in one penny increments?
Time will tell. ;)
Many are wondering about the GameZnFlix support/list on Peter Hankwitz Productions & Management website. Thanks the_unknown_factor for the link from Investors Hub MB.
Date:4/21/2006 8:18:31 AM
Post #of 155198
http://www.hankwitz.com/
http://www.filmmagic.com/ItemListing.aspx?cgl=178354&str=46126&styp=clbi&navtyp=CAL
BTW, Peter Hankwitz is running for congress.
http://www.hankwitzforcongress.com/
With many pipelines GameZnFlix has in the works, I also wonder what all these connections could mean. ;)
mornin LL thought you promised no pumping :) ;) :D
one of your faithful readers cheers joe
Good morning joet.
Yes, I did promise no pumping :D, but these are new developments that will definitely affect future share price.
All smiles :D
Continuing gains for GNBT on Friday when many traders close out their trades and stocks fall in late afternoon. ;)
hey there,
i am new to this message broad. I am currently in the process of studying to to be a swing trader. GNBT is on my list to buy for next week. The chart is looking very nice for a rise to the upside. Currently the PPS is trading alittle sideways. MACD has not confirm a potential breakout, Slow Sto is rising over the red line which is positive, RSI is at 50 (which means plenty of room for the upside) Remember RSI has gone all the way up to 90 recently!, Money flow is neutral right now but could head upwards, the ADX is showing that the buy opportunity was yesterday, I look for the green line to be over the red line, and as far for the CCI it looks like it wants to head upward. I am no expert at chart reading however my most important valuable TA indicator i love to use are "Bollinger Bands". Bollinger bands give me a higher percentage of indication when a breakout should occur. The settings for the BB parameters i use is 10,1.5 for short term and default 20,2 for midterm. Just my 2 cents here. What do you think. Also CDIC is looking really good to me. thanks!
Welcome stocks1984, you came to the right place! ;D
This MB thread is dedicated to newbies to stock trading. Like myself (trading since July of 2005), there are many newbies on this MB thread. You can check out the ever expanding knowledge base here: http://www.3stocksonfire.org/trading/index.php?topic=3633.msg32636#msg32636
If you are new to Swing Trading, I can save some time for you. You see, we already examined the various technical analysis indicators and narrowed them down to indicators we use on our Swing Trading Templates. For trending stocks, the templates have been tested to be 95%+ accurate. Basically, I found that MACD and RSI are the most accurate and pertinent technical indicators to use for Swing Trading to determine the Buy/Entry and Sell/Exit points.
Here's a primer on how to draw the basic BUY/SELL charts for Swing Trading: (I will use CDIC as an example)
0. Select a stock (You can use 3SOF stocks, stocks off stock screeners/filters, etc.)
1. Pull a 3-4 month chart using daily period (I use stockcharts.com's free sharpcharts)
2. Draw the charts with 5/20 Simple Moving Averages, RSI (14), MACD, colored candlesticks
3. You can use the "Annotate" feature or draw the BUY(Blue)/SELL(Red) arrows and lines manually using ruler and colored pens
4. Wherever you see MACD bottom, drop a Blue BUY arrow and put a vertical line
5. Wherever you see MACD peak, raise a Red SELL arrow and put a vertical line
That's it! Really, it's that simple to draw the BUY/SELL chart for Swing Trading.
So, looking at the BUY/SELL chart, you can tell where the BUY/entry points are and where the SELL/exit points are. They typically correspond with RSI bottoms of 30-50 and peaks of 60-80+.
Once you got the Short-term Swing Trading down pat, you can then line up 1-5 stocks to do Rotational Swing Trading.
Keep practicing drawing the BUY/SELL Swing Trading charts. The more you practice, better and faster you will get. Really, Swing Trading CAN be this simple.
I posted blank Swing/Rotational Templates and Instructions for your reference.
Take care! - John
Happy weekend John,
Let me give it a little nudge for you ;D GZFX had a nice 10% gain today on no news and a steady stream of buying... lets see if it can continue.
Cheers joe
Thanks joet.
Repost from 3SOF Penny GZFX MB:
http://www.3stocksonfire.org/trading/index.php?topic=2047.new#top
Thanks fluxanimator. :D
After Wednesday - Friday's performance of GZFX technically rebounding off MACD/RSI bottom with 5/20/50/200 day Moving Averages now all turned positive, I believe GZFX will now continue to rise.
My sentiment at least short-term is that GZFX will continue to gain at least until RSI hits previous peaks of 60-70+. Like I posted previously, once the confidence for GZFX is confirmed, more buyers will leave the sidelines and buy GZFX with future anticipation of gains.
Like before, GZFX will take profit at some point. But as long as the confidence level for GZFX is maintained, I anticipate that dip from profit taking will be much smaller than previous dips. And if the next profit taking dip is not that small, you will certainly see even greater confidence for GZFX and the buying pressure will push GZFX to even higher levels.
Of course, this is only my "crazy" take. ;)
As always, time will tell.
I promised my wife not to pump or hype GZFX last week :D, and I won't. But to bring to attention to those that may not know, I do want to mention these new developments:
GameZnFlix is now listed on Peter Hankwitz's Productions & Management website perhaps "representing" Chip Gallent's (President of GameZnFlix) association and support for Peter Hankwitz.
http://www.hankwitz.com/ http://www.filmmagic.com/ItemListing.aspx?cgl=178354&str=46126&styp=clbi&navtyp=CAL
Peter Hankwitz is one of Hollywood's insiders that, among many, represents Digital Ranch, the producer of my favorite History Channel's program "Mail Call" - nice.
http://www.hankwitzforcongress.com/About_Peter.html
"Hankwitz also represents, among others, Josh Hancock, creator and star of the television series "Shifting Gears," and Emmy® Award-winning television production company Digital Ranch, which produces Sgt. R. Lee Ermey's "Mail Call" - the #1 half-hour series on the History Channel since 2002." More at link.
What does this mean? GameZnFlix is working on Satellite Video-On-Demand and already launched the GameZnFlix Entertainment Channel while securing rights to 170 TV shows and 3,600 movies. Peter Hankwitz represents companies (such as Digital Ranch) that produces TV shows. http://www.gameznflix.com/default.aspx?content=affiliate/gnfent&kbid=2020
http://biz.yahoo.com/iw/060328/0115059.html
http://biz.yahoo.com/iw/060412/0122908.html
Just imagine, how many would love to have History Channel's entire library of programs available for "Instant Video-On-Demand" viewing?
Especially with Peter Hankwitz (Republican) now running for US Congress, GameZnFlix association/support of Peter Hankwitz cannot be taken lightly. Dang, what if he wins and goes to Congress? ;)
Seriously, Chip Gallent already has strong support for US Military and GameZnFlix offers ongoing discounted rates for veterans and active/reserve US Military and Department of Defense members. The deal with AAFES will certainly not hurt GZFX share price, and once done, will improve the future for GameZnFlix by securing increased subscriber base. http://www.aafes.com/
These new developments represent that GameZnFlix management is working actively to secure and improve the future of the company. With the nationwide rollout to commence in the month of May with Circuit City, it is my sentiment that GameZnFlix is working hard to deliver on their promises to fulfill their many pipelines.
My repost from investors hub MB:
http://www.investorshub.com/boards/read_msg.asp?message_id=10781413
Date:4/22/2006 2:22:44 PM
Post # 155788
TruthfullyTina,
I will let market sentiment determine the future price of GZFX and association to Peter Hankwitz. (see bottom sentence) http://www.hankwitzforcongress.com/About_Peter.html
"Peter lives with Julian Trevino, his domestic partner since 1997, in Northridge, California."
I believe GameZnFlix association to Peter Hankwitz is based on his "professional" work in Hollywood and GameZnFlix's pursuit of securing rights to TV shows and movies for their Video-On-Demand and other downloadable media content pipelines.
My repost from investors hub MB:
http://www.investorshub.com/boards/read_msg.asp?message_id=10782986
Date: 4/22/2006 6:51:40 PM
Post # 155842
TruthfullyTina,
I am a technical trader who trades on Swing Trading principles. I also maintain a MB thread that supports newbies to Swing Trading at 3SOF.
I have been trading GZFX since November 2005 and is well aware of the challenges GameZnFlix as a micro-cap startup company faced and will be facing in the future.
Video-On-Demand and media content downloading are pipelines GameZnFlix need to secure to be competitive in the future marketplace of consumer entertainment.
Being able to secure rights to 170 TV shows and 3,600 movies is a positive achievement for this tiny company going against the giants like Netflix.
If association with Peter Hankwitz would raise a concern, we need to look at the entire Hollywood/entertainment industry. To secure additional TV/Movie rights, GameZnFlix will need to associate/negotiate with many other Hollywood insiders/movers/shakers who undoubtly will have "questionable" issues - this obviously comes with the territory [media/entertainment industry].
Of these group of "questionable" Hollywood insiders/movers/shakers, Peter Hankwitz was "substantial" enough to get the support of the Republican Party to run for US Congress. I believe this says a lot.
Was there any concern as to the associations (political or otherwise) the various new startup companies' (Netflix, Sirius, XM satellite, Hansens, AMD, Intel, etc.) management made in the early days of corporate growth? If there was any, it is no longer an issue.
My sentiment is that the market will be concerned about the viability and future growth of GameZnFlix as a company in the everchanging and highly competitive (yet very lucrative) consumer entertainment industry.
Repost from investors hub MB:
http://www.investorshub.com/boards/read_msg.asp?message_id=10786723
TruthfullyTina
In reply to: LiveLife who wrote msg# 155975
Date:4/23/2006 12:12:45 PM
Post # 155976 of 155990
Live thanks for the optimistic post. Sorry I didn't get a chance to thank you for your response last night (went to bed early). However, I will check out that website. I would love to bet some good pointers in that line of trading.
Thanks again and enjoy your Sunday.
There sure is a lot of buzz on finance MBs regarding the future of GZFX.
My sentiment is that all the "bad news" about GameZnFlix are already on the table and "common knowledge" to those trading/investing GZFX shares.
This past week's Wednesday - Friday intraday performance of GZFX has demonstrated that those that wanted to sell to bail out of GZFX on panic have already done so. The drying up of "fear selling" on "alleged" bad prospect for GameZnFlix will, IMO, allow GZFX to gain steadily from these levels.
Technically, GZFX 20/50/200 day Moving Averages are all positive now and with GZFX having historically traded at upwards of $0.19, these factors will attract many new buyers as GZFX is rebounding off a technical bottom and is looking for a bullish technical run.
I am looking forward to upcoming days and weeks for GZFX.
As always, time will tell.
After 12%+ gain the last three days, it appears that some took profit.
5/20/50/200 day Moving Averages still all positive.
As I posted previously, I will be trading GZFX technically based on the BUY/SELL chart.
Repost from 3SOF Penny GZFX MB:
http://www.3stocksonfire.org/trading/index.php?topic=2047.885
Stocksquire,
And don't forget this from 10Q:
"The Company will continue to seek similar relationships with nationally known companies or agencies to further brand the company name."
;)
If 1 cent base can hold, it may become a decent entry.
Such a yo-yo stock, a gradual increase would be nice.
Maybe some news about CC rollout beginning in May can come soon.
Any news would be helpful.
But after such a drastic retrace and Q already known, the downside is probably not much from here.
I will be adding some shares if it can hold up. ;)
fill_the_gap,
I am bought back at much lower levels, so I am still very comfortable.
What I think is happening with GZFX is many:
1) I think many are still "unsure" and panic selling at the first sign of share price loss as seen yesterday and today.
2) Many are jumping (perhaps daytrading) between GZFX and other stocks (STTK, VRDM, etc.) as such, their price gain/fall are inversely related going back a few weeks. (If STTK, VRDM gains, GZFX falls and vise versa)
3) I think many sold before the 10Q report, which I anticipated to be "nothing new or extraordinary" so I chose to hold through 10Q reporting.
4) There's "let's wait and see" sentiment among many traders who traded GZFX before and lost money.
If you are thinking about trading GZFX again, I recommend that you wait for more confidence building on this stock. I am bought in at lower levels so I can afford to "wait and see" with a smile. If GZFX can't rebound, then I will sell above my buy price.
My sentiment is that GZFX will "struggle" some more before the passage of time/bad feelings will pass. Technically, GZFX is due for a rebound and I am trading GZFX only based on indicators, to sell on the next MACD/RSI peak - it's all about being on the right side of the trade and making money.
As always, time will tell. ;)
Nice post.
I did not like the action yesterday at all.
Will remain on the sidelines and watch the chart trading off of MA and support.
Of course, news can come at any time. But not sure what can really move it at this time.
You know I have been a GZFX advocate for over a year now. But the 10Q was an eye opener for those wanting to make any money on GZFX.
It seems all the eggs are in the basket for Circuit City. Very dangerous. What if CC cancels? What if rental become unpopular? And if you run the numbers, CC will not help them much in 2006 considering the Net Loss figures going up much faster than revenue. So how far out can it go before VOD sets in. And do not tell me that GZFX VOD is going to be a player. A waste of money.
Problem is that they pay alot per subscriber to CC. This is not very profitable to GFZX unless a sub is maintained for several months. Any churn further hurts the Net Loss.
After reading the Q, it is obvious that GZFX has major issues. Worse than most ever realized.
They maxed out Authorized Shares and added 25 billion total to pull from if they want. That is never good to see happen, especially when the CEO said no more dilution was happening and then slapped 2 billion more shares on the previous Q. Who knows when they will stop selling shares for cash and GG converting.
The lower the PPS, the harder it will be to move up. The GG conversion schedule is brutal for shareholders.
Net Loss went up 135 % to 1.5 million dollars ! Net is the bottom line. Increasing revenue does very little if Net Loss increases more.
Subs are the revenue source. They only averaged 666 subs over the last 3 months when expecting 1500-2500 as stated in the last Q.
Circuit City pilot program did not produce many subs. GZFX has also stated that CC will account for very little in 2006 as they ramp up.
With Golden Gate debentures and GZFX selling shares to get cash, this is only a play on news.
But with the big CC news come and gone, who knows when anything substantial will come. Until then, trading the chart is the only way. Those waiting for a big payday here, good luck.
So many people fell in love with GZFX on the CC story. Time to take off the blindfold. Emotional trading never has helped anyone. This is why investing in an OTC is not often done. The same pattern occurs, hype, dilution, hype, reverse split, more dilution. Ask yourselves who is making all the money here.
The financials were much worse than expected. Maybe a trade on news off of moving averages if possible. Nothing more. Too many other stocks to make money on.
There was a question whether penny stocks should be covered on this Swing Trading MB.
I normally don't cover penny stocks, only listed stocks (NYSE, Nasdaq, AMEX) with high daily volume of 1+ million.
GZFX has been the only exception since November of 2005 due to the nationwide rollout with Circuit City. Since last year, there was a lot of anticipation for growth for this tiny startup company.
I am asked by many in my newbies group if they should monitor/track and trade penny stocks.
My immediate answer is to stay with the listed stocks, but I want to mention one of many penny stocks I have traded since last year [Yes, not all of stocks I trade (listed and penny) are covered on the Swing Trading MB because it would be too much amount of posting] :D.
Take a look at a penny stock ZENX.OB below (I did a simple BUY/SELL chart based on RSI only this time). I got interested in ZENX last year during the hurricane season. Zenex is a commercial roofing company with national list of clients. After the hurricane damage, in September of 2005, they were awarded contracts by the US Army Corp of Engineers to provide blue temporary roofs.
As you can see from the chart, with no further contracts, share price of ZENX started to drop by mid-September. Sentiment for the stock ran low and price dropped from $1.20 to $0.50 by January 2006 (Remember the $6 to $3.50 drop by NVAX?).
I never walk away from a stock fully. Once I finish a trade, I place the stock in my "past stocks" folder on Scottrade (I have over 10 "past stocks" folders with 20 stocks each) and monitor them from time to time.
As with NVAX rebounding from $3.50 to $8, ZENX rebounded from $0.50 to $1.90 (almost 400% gain!).
GZFX is back at the level I bought and the sentiment is low. I will apply what I have learned with other stocks and will continue to Swing Trade. Will GZFX go lower? Will GZFX rebound like NVAX and ZENX?
I am not a fortune teller, just a newbie Swing Trader applying what I have learned. ;)
Yes fill_the_gap, there are many other stocks that are actively gaining that we can trade to profit right now.
I have learned to not "fall in love" with a company like NVAX. I have also learned to keep stock trading.
As always, time will tell. ;)
Take care everyone and keep on Swing Trading!
Thanx for the posts John,
So are you in or out of GZFX now.... I will be holding for another month, Just 200,000 shares avg at .012, have a sell limit order at .02, will see if i get lucky while away from the computer for a month. Ceers Joe
Quote from: fill_the_gap on April 27, 2006, 08:34:27 PM
You know I have been a GZFX advocate for over a year now. But the 10Q was an eye opener for those wanting to make any money on GZFX.
It seems all the eggs are in the basket for Circuit City. Very dangerous. What if CC cancels? What if rental become unpopular? And if you run the numbers, CC will not help them much in 2006 considering the Net Loss figures going up much faster than revenue. So how far out can it go before VOD sets in. And do not tell me that GZFX VOD is going to be a player. A waste of money.
Problem is that they pay alot per subscriber to CC. This is not very profitable to GFZX unless a sub is maintained for several months. Any churn further hurts the Net Loss.
After reading the Q, it is obvious that GZFX has major issues. Worse than most ever realized.
They maxed out Authorized Shares and added 25 billion total to pull from if they want. That is never good to see happen, especially when the CEO said no more dilution was happening and then slapped 2 billion more shares on the previous Q. Who knows when they will stop selling shares for cash and GG converting.
The lower the PPS, the harder it will be to move up. The GG conversion schedule is brutal for shareholders.
Net Loss went up 135 % to 1.5 million dollars ! Net is the bottom line. Increasing revenue does very little if Net Loss increases more.
Subs are the revenue source. They only averaged 666 subs over the last 3 months when expecting 1500-2500 as stated in the last Q.
Circuit City pilot program did not produce many subs. GZFX has also stated that CC will account for very little in 2006 as they ramp up.
With Golden Gate debentures and GZFX selling shares to get cash, this is only a play on news.
But with the big CC news come and gone, who knows when anything substantial will come. Until then, trading the chart is the only way. Those waiting for a big payday here, good luck.
So many people fell in love with GZFX on the CC story. Time to take off the blindfold. Emotional trading never has helped anyone. This is why investing in an OTC is not often done. The same pattern occurs, hype, dilution, hype, reverse split, more dilution. Ask yourselves who is making all the money here.
The financials were much worse than expected. Maybe a trade on news off of moving averages if possible. Nothing more. Too many other stocks to make money on.
good points but I think you need to remember that the roll out does not really start till May 1st.. I think the next Q should be the one that tells us if this company is in big trouble.
joet, tokyoseminole,
I am still holding GZFX. The share price is almost down to my buy price of April 19th, but I will give GZFX a few more days to rebound.
If GZFX won't rebound, I will sell. If GZFX does rebound from current levels, I will trade based on technicals.
Up 5.49% today. I will continue to trade GZFX based on technicals.
FYI
Technically, if GZFX continues to rebound, will it follow the trendline?
I got some heat for covering GZFX, a penny stock, on the Swing Trading MB. There was much discussion this weekend with the second newbies group and this is what I decided.
If you look at penny stocks such as ZENX and USXP, the gain potential is definitely there that can be tracked technically. Of course, if you were able to track the BUY/SELL patterns, your gain potential easily hit 100% - 600%+.
However, since this is a Swing Trading MB thread for "newbies to Swing Trading," I have decided to not cover penny stocks. I will certainly continue trading penny stocks due to their gain potential, but the volatility associated with penny stocks make them less desirable for stock traders new to learning the technicals who can't always respond to fast selloffs.
As such, I will continue to apply the Swing Trading principles for listed stocks (NYSE, Nasdaq, AMEX) with daily volume of 1+ million. I will resume the BUY/SELL coverage of recently traded stocks.
BTW, I am still holding GZFX and will continue to trade according to technicals. If price drops close to my April 19th buy price, I will sell. If it continues up, I will hold.
= Rotational Swing Trading Update =
Following are stocks previously traded with recycling of BUY/SELL patterns.
As you can see from the BUY/SELL charts drawn based on MACD bottoms and peaks, corresponding RSI BUY points are not exactly on the mark with MACD bottoms but the RSI SELL points (70-90) are right on the mark with MACD peaks.
Many stock traders have commented in the past that their main problem is not knowing when to buy, but knowing when to sell. If you follow the RSI rise to 70-80+ after the buy, then determining the sell point should be fairly straight forward. As a precaution, I usually look out for profit taking activity as RSI reaches previous profit taking points, whether it is 70-80+ or early as RSI hits 60-70+.
Also, after you take profit and wait for the rebound, watching the MACD bottom will help you determine the "true" rebounding activity instead of just following the price. Using MACD to determine the buy point will allow you to get back in at just about the bottom. In the past, I have tried to use the price to determine the bottom, but have been "faked" too many times. I now use MACD bottom as the confirming indicator for stock rebounding.
As you can see from the BUY/SELL charts, stock rebound can often take several days to weeks. And for this reason, having a list of stocks you are familiar with to do "Rotational Swing Trading" will minimize idle or down-time with your stock trading capital.
VICL news!
http://finance.yahoo.com/q/h?s=VICL
Vical's DNA Vaccine Provides Complete Protection Against Avian Influenza and Demonstrates Cross-protection Against Multiple Human Flu Strains in Animal Studies
Tuesday May 2, 7:25 am ET
SAN DIEGO, May 2 /PRNewswire-FirstCall/ -- Vical Incorporated (Nasdaq: VICL - News) announced today that the company's lead three-component influenza (flu) DNA vaccine candidate provided 100% protection in mice and ferrets against lethal challenges with a highly virulent (Vietnam/1203/2004) H5N1 avian influenza virus in studies conducted by Richard J. Webby, Ph.D., at St. Jude Children's Research Hospital.
= Update =
VICL gapped up at market open 30%+. If there is a drop, may be a good entry point. If you look at the 3 year chart, VICL is almost at 3 year high. Will it go much higher?
This news will certainly put a damper on many Avian stocks, at least short-term.
= Update =
With such a large gap up, VICL looks to drop intraday. As anticipated, many Avian stocks are in the red this morning.
GNBT is one of first Avian plays to go green. Perhaps their primary product line of Oral-lyn and buccal delivery system may fare well in regards to share price as their Avian vaccine development is a secondary pipeline.
VICL back on rebound. It will be interesting to see where it closes today.
VICL maintained the gains. As anticipated, losses for other Avian plays.
With frenzy of VICL tapering, some of Biotech stocks may recover.
Those that asked, I will continue posting GZFX and other penny stock postings at 3SOF Penny MBs:
http://www.3stocksonfire.org/trading/index.php?topic=2047.msg60114#msg60114
Since I decided to not cover penny stocks, I won't do a comprehensive posting; but there are certainly good trading opportunities in penny stocks such as CHID.OB.
Much followup discussion is continuing with the newbies group as to the focus and the format of the Swing Trading MB and the Knowledge Base.
It is true that the Swing Trading MB and the Knowledge Base need to be maintained to provide simple and easy introduction to stock trading and Swing Trading for those new to stock trading who are not yet familiar with the often fast and volatile world of stock trading. But I also want to share the potentially lucrative world of penny stocks, but many in the newbies group are primarily interested in learning the basics of stock trading with "slower" stocks, even if they represent lower profit levels.
I am sure we can reach a "common" ground where we can balance the two. As I said last November at the start of this MB thread, various Swing Trading methods and principles will be examined and we would "evolve" as we learn to be more and more effective in stock trading. I still see myself as a stock trading newbie and I am learning new things on a daily basis.
My biggest challenge has been to take the often complex and difficult technical analysis tools/indicators and converting them into easy to use tools for other newbies. The Swing Trading Templates and the simple BUY/SELL charting have been the initial products of this MB thread and the positive responses to these tools have been my biggest rewards.
Working with someone who has never traded before and trying to express the concepts and processes you now take for granted (like MACD and RSI) is very frustrating at times, but when they finally learn the concepts and processes and can properly draw charts to identify the BUY/SELL points, it is worth the time spent.
I believe in the Swing Trading principles. I believe Swing Trading methods will allow traders, especially newbies, to minimize losses and maximize gains while being able to analyze charts in a very quick and efficient manner.
Who knows, with the second newbies group, the "future" of Swing Trading MB thread will be redirected or changed. I have continued my study of stock trading techniques and principles and will continue to share those findings on this MB. Most recently, I have reviewed some more of Elliott Wave Theory concepts and will be posting on the bullish/bearish wave patterns (see pictures below).
With passing of time, I am learning more and more why stocks behave the way they do. Learning more stock trading basics are helping me understand more of stock trends. Believe me, this second group of newbies has certainly "opened" my eyes as to how little I know about stock trading.
As I continue my "journey" in learning and enjoying this hobby of stock trading, I bid all of you well, and invite you to do the same, keep learning and become more effective with stock trading.
Case in point of why penny stocks have the gain potential is likes of USXP. I have been monitoring USXP for a rebound and RSI is down to 30. If it rebounds and reaches previous resistance of $0.04, that would be a gain potential of almost 600%.
I am sure I will talk some more tonight with the second newbies group. ;)
Repost from GZFX penny MB:
http://www.3stocksonfire.org/trading/index.php?topic=2047.new#new
fill_the_gap,
I promised that I would trade GZFX strictly technically to my wife. When it fell below trendline, I had to sell.
I know the AAFES deal and the upcoming webcast will improve the outlook for GZFX, especially if they fulfill their promise of signing with another national outlet.
I have discussed much with the second newbies group and plan on posting this weekend on the viability of trading penny stocks and possibly holding multiple penny stock positions since any one position taking off with several hundred percent gain will more than make up for other positions.
I feel that penny stocks should not be overlooked, especially if you are speculating with smaller accounts that many of the newbies have.
I am planning to jump back into GZFX on more rebound signs.
= Announcement =
Due to newly diagnosed cancer of mother-in-law and need to take care of family issues, for the forseeable future, I won't be able to maintain the daily posting.
I will post when I get a chance, from time to time.
For the second newbies group, I will focus on revising the Knowledge Base as time permits.
Those that have given much words of encouragement and celebration over the past months, I thank you all for your support for Swing Trading.
Take care, and keep on trading!
- John