Profile: http://www.greenshift.com/whoweare.php?mode=1
GreenShift Corporation (OTC Bulletin Board: GSHF) is a publicly traded business development company whose mission is to develop and support clean technologies and companies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.
The Story
-The market is going crazy for alternative energy plays(specifically ethanol).. and GSHF delivers by the companies it owns. GSHF owns majority positions in INSQ(+114.29% today), VRDM(+94.71% today) and more...
GreenShift's portfolio includes operating companies with combined annualized revenues of about $30 million and exclusive rights to over a dozen proprietary clean technologies.
Company Nature of Business
» Enviro-Sciences Corporation Environmental Engineering & Management Services
» Veridium Corporation(VRDM.ob) Industrial Design & Technology Transfer Services
» INSEQ Corporation(INSQ.ob) Manufacturing, Green Products & Recycling Services
» Mean Green BioFuels Corporation BioFuels Production & Sales
» Sterling Planet, Inc. Renewable Energy Sales
» TerraPass, Inc. Renewable Energy Sales
» General Hydrogen, Inc. Fuel Cell Technologies & Products
» General Ultrasonics Corporation Clean Energy Technologies
» Aerogel Composites, Inc. Clean Energy & Emissions Control Technologies
» Ovation Products Corporation Water Purification Technologies & Products
-The price rise today came without news. It also came on the first day of the week. When a stock moves without news and early on in the week... it usually means that the move is more sustainable and could give us a huge price appreciation. A technical analysis of this stock shows huge potential.
Technical Analysis
Longer-Term:
(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=19220)
Shorter-Term:
(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=19221)
Conclusion: Remember this is a penny stock in a momentum move so it can be very risky. We were considering a limit buy type order but this can very well just run away even with a gap. A strong play on a Monday without news yet, with its subsidiaries running strong as well, with its industry group on a tear, with powerful technicals..with us not in it? No way!
We will buy GSHF @ market open.
Bought at $0.235
In at .24 here, wishiing I had waited until now at .2 lol
Newbie question here, but when I view my intraday charts (using etrade pro) on some of the penny stocks, I will often get a big tail down that warps the scale such that I dont really get much detail out of looking at the intraday chart. Anyone have the same problem, and if so is there a fix or workaround? Here is a picture of what I am seeing now:
What's the commentary on the trading acton this morning? Seems to have found support at 20ish but will be go higher than yesterday's close? what's the moeny flow? Anyone? TIA!
useful link:
http://otcbbtrader.com/portal/goto.dll?cat=1100&ticker=gshf
Not looking great today. Luckily I bought VRDM yesterday and now have sold it before the dump. Shame cos i like these. I remeber G recommended GSHF a while back and I had some then, but now I have to look at the VRDM action (phew!) and wait a bit. Good luck All!
eliteG,
Did you enter GSHF?
In what price?
Thanks!
It looks like it stabilized at about a 50% pullback from the big run up. Last year that actually had a net income of $1.1M which is about a penny a share, pretty good for a stock trading at .19. After reading the letter to shareholders I decided to add more shares at this level. I think we will breakout to new highs soon.
http://biz.yahoo.com/bw/060308/20060308005616.html?.v=1
Good Luck to us all,
Egg
Quote from: tokyopua on April 11, 2006, 09:58:08 AM...when I view my intraday charts (using etrade pro) on some of the penny stocks, I will often get a big tail down that warps the scale such that I dont really get much detail out of looking at the intraday chart.
That happens when a wrong price gets entered into the table of historical data. In the case of your graph, for GSHF 0.0235 was entered at 09:36 instead of what probably should have been 0.235. I see the same in my intraday chart on Ameritrade. I don't think there is anything we can do about it.
Woefully lacking timely information on this one to paying customers. I am in at .20
One can only assume 3sof is in at the open of the market around .23, what is the trading plan other than buying? Unknown. Shouldn't be at this point, plain and simple.
We've bought GSHF as per plan.. it will be up on the portfolio. As we always do we will talk about exit plans on the next update. The plan for today was to get in this stock and its hanging around its support @ .20. Market is down heavy.. so this is expected.
G,
Its the practice of posting the "in" price on a number of occasions quickly that leads people to wonder if you got in G. If the plan is all that is necessary, there would be no reason to have posted "in" prices quickly in the past. I would also say that once a stock is down 16% of an entry price, it is never too soon to discuss the exit plan. As it stands, if it went to .08 today it would be a hold, which would make no sense. It would not be the first time a penny has went from 24 to 8 in 1 day. I know my plan, but I do like to weigh my plan verses 3sof. Certain stocks of high volatitlity ought to have the 3sof pain tolerance in advance, because they are more likely of a 50% loss in a day than big board stocks. Just my opinion as always.
The "in" price was a courtesy because our portfolio is always updated before end of day. If the stock were to have a dramatic fall intra-day we may update our view but in all of 3SOF history we have always stuck to plan. My plan on this one is to consider exit strategies after the bell today.
It is never a good experience to start a trade with 20% loss >:(
As usual we had a long talk yesterday after close about picking GSHF. This is an Ethanol play and this sector really has everything going for them. Refiners' are dropping the additive MTBE in favor of ethanol by May 5. The market is therefore experiencing a shortage of Ethanol with resulting price increases.
In addition the Bush administration is pushing for the use of E-85, which is gasoline mixed with 85 percent ethanol, and B-20, or 20 percent biodiesel blended fuel to reduce U.S. reliance on foreign oil imports.
I believe that the ethanol sector is a going to benefit from this fundamental change in the energy policy for years to come.
What makes GSHF stand out from other ethanol plays is two things: They are not directly involved in Ethanol production but rather supplying the equipment for the companies producing Ethanol and they are an investment company holding a number of different companies. Both these factors are reducing the risk compared to investing directly in one of the pure ethanol plays.
We could certainly have chosen a better entry point for GSHF but yesterday night buying at the open was the right decision and today's correction of the whole sector has not broken the strong upwards momentum for ethanol stocks.
This is a penny momentum play so I will wait for eliteG's update after close but I think it is too early to write this one off!
I so agree!!!!
It's a bummer to start this way, but that's how it goes sometimes with pennies. Hope you guys give it some time. Made some great trades on pennies that were David's pick just by giving them a little more room ::).
Amarens
Quote from: Michael on April 11, 2006, 03:31:56 PM
It is never a good experience to start a trade with 20% loss >:(
As usual we had a long talk yesterday after close about picking GSHF. This is an Ethanol play and this sector really has everything going for them. Refiners' are dropping the additive MTBE in favor of ethanol by May 5. The market is therefore experiencing a shortage of Ethanol with resulting price increases.
In addition the Bush administration is pushing for the use of E-85, which is gasoline mixed with 85 percent ethanol, and B-20, or 20 percent biodiesel blended fuel to reduce U.S. reliance on foreign oil imports.
I believe that the ethanol sector is a going to benefit from this fundamental change in the energy policy for years to come.
What makes GSHF stand out from other ethanol plays is two things: They are not directly involved in Ethanol production but rather supplying the equipment for the companies producing Ethanol and they are an investment company holding a number of different companies. Both these factors are reducing the risk compared to investing directly in one of the pure ethanol plays.
We could certainly have chosen a better entry point for GSHF but yesterday night buying at the open was the right decision and today's correction of the whole sector has not broken the strong upwards momentum for ethanol stocks.
This is a penny momentum play so I will wait for eliteG's update after close but I think it is too early to write this one off!
Michael, applaud ! As always, a nice diligent post.
I like the sector, but have never had a positive experience when Cornell Capital Partners is in the picture. Any thought on this relationship ?
Trying to remember the past BDC plays. (HYRF, FCCN to name a few)
Hopefully this will work out for the best.
Oh I messed up on this one today. I tried to buy 50,000 shares by the close. I put in limit order for $0.181 and only had 500 shared filled then the market closed on me. I now have this $10 commission on just 500 shares. This is bad!!!!
By the way, I usually buy near the close of the market for 3SOF positions. I rarely buy "at the open" this strategy allows me to judge for myself if I want in. Unfortunately this time I wasn't quick enough.
Don't feel bad. You doing better then most of us. I bought some early around .23 and some at .19. My average is .21. The financing deal with cornell doesn't look so bad. They got 5% rate it is not convertable unless they are no longer a BCS. They have until Feb 2009 to pay back the loan. The companies in their portfolio have generated $30M in annual revenue...
http://biz.yahoo.com/e/060207/gshf.ob8-k_a.html
Quote from: netfishmademerich on April 11, 2006, 04:07:50 PMOh I messed up on this one today. I tried to buy 50,000 shares by the close. I put in limit order for $0.181 and only had 500 shared filled then the market closed on me.
That's a problem with OTC stocks that annoys me, too. You can't buy at market, you can't give a stop order.
Quote from: Michael on April 11, 2006, 03:31:56 PM
It is never a good experience to start a trade with 20% loss >:(
As usual we had a long talk yesterday after close about picking GSHF. This is an Ethanol play and this sector really has everything going for them. Refiners' are dropping the additive MTBE in favor of ethanol by May 5. The market is therefore experiencing a shortage of Ethanol with resulting price increases.
In addition the Bush administration is pushing for the use of E-85, which is gasoline mixed with 85 percent ethanol, and B-20, or 20 percent biodiesel blended fuel to reduce U.S. reliance on foreign oil imports.
I believe that the ethanol sector is a going to benefit from this fundamental change in the energy policy for years to come.
What makes GSHF stand out from other ethanol plays is two things: They are not directly involved in Ethanol production but rather supplying the equipment for the companies producing Ethanol and they are an investment company holding a number of different companies. Both these factors are reducing the risk compared to investing directly in one of the pure ethanol plays.
We could certainly have chosen a better entry point for GSHF but yesterday night buying at the open was the right decision and today's correction of the whole sector has not broken the strong upwards momentum for ethanol stocks.
This is a penny momentum play so I will wait for eliteG's update after close but I think it is too early to write this one off!
Great stuff Michael ;).. so we'll try to be as loose as we can with GSHF. There is no easy way to say it.. we got pummeled today by this play.. in fact there is no place you could have bought this stock today, still be holding, and with a profit. :-X
That makes the team feel like crap(on top of the crap from the mkt today). Since we bought this stock on the impulse signal from the tall white/heavy volume day yesterday.. we must have this reason still in play for us to hold the stock. At the same time we all see a lot of potential here as well. So what we have decided is to put a hold on GSHF and we will evaluate it on close everyday for a hold or sell. ;)
We will hold GSHF.
GSHF was a Hotty when I went to bed with her on Monday night, but when I woke up Tuesday morning..... my beer goggles must've worn off
On a serious note, today's candle doesn't look so bad. Retraced about 60% of the marubozu on about 60% of the prior day's volume. I could see a nice pennant forming out of this.
Looking very very ugly !!! Have we broken support ??? EliteG, what is the technical read now ???
Quote from: Lucas Scott on April 12, 2006, 04:01:04 AM... my beer goggles must've worn off
Since you brought up the subject of beer goggles – and for those interested in the scientific aspects of it – I quote the following links:
http://www.thesun.co.uk/article/0,,2-2005540939,00.html
http://jakartablokm.com/files/thesis.pdf
Of course, this theorem can also be applied, as you have done, to the critical evaluation of stock charts ;D
I have to say that I have never found buying at open to be a good move. Maybe there is a reason to do it with a board like this, but I have always decided an entry price in the past, and will always do so again. To me buyng at open is like selling at market, which I never do either.
support @ 0.17$ ???
Agree la-onda... 9day EMA at .17 I got in at .172 low risk I believe
http://tinyurl.com/eq3hx
this is a great long term investment as eliteg shows in his charts... i am in at 0.183 :). Metro you got the perfect entry near support. Congratulations!
This type of stocks work on a different scale...
The same way this 30% correction it's completely normal, a multi-bag movement on the upside would also be not astonishing... different scales... different risk/rewards ratio and strategies to apply.
I see this move as a normal re-test on the breakout zone, a normal throwback, but off course on a whole different scale :)
I usually don't do this, but I was not expecting to see CSHF below 0.20 after we setup this trade, so I took the opportunity to buy a few shares for my personal account today ;)
Good luck!
Nice bounce off the 9 ema. Very bullish. It had just gotten a little ahead of itself the other day. I bet we see a 100M share day sometime in the next couple months, when ethanol plays get really frenzied.
Quote from: cpezc on April 12, 2006, 10:59:37 AM
I have to say that I have never found buying at open to be a good move. Maybe there is a reason to do it with a board like this, but I have always decided an entry price in the past, and will always do so again.
Buying at the open is not best for an individual trader, but it's the best way for a stock-picking service to do it to ensure the integrity of the service. I was in a group once where the head guy would send out intraday alerts when he bought, i.e. "Bought XYZ @ $1.60". You'd pull up the chart and it would be at $1.85. I think he fudged his entry prices -- picked the entry price he
wished he'd got in at. I appreciate the way they do it here at 3SoF.
Joining the party:) in at .21. Maybe a little late but i slept in a little to much this morning. I like this pattern here with pps making a nice bounce off the neckline support of the short term cup and handle formation and back above the midpoint of the marubozu candle.
Nice call G.
-fous
Not too late Fous when viewed against INSQ. Man I wish I'd bought that one at the close yesterday or early today. :'(
Might pick it up tomorrow at the open...waiting to see how it plays out then.
VRDM up 40%
INSQ up 90%
GSHF up only 11%
GSHF should have a pretty good morning tomorrow
GSHF: Volume Spike; 62% > 20-adsv, Stock +13.51%
Wednesday, April 12, 2006 15:25 ET
This is the 3rd VOLUME alert for GSHF in the past 7 calendar days.
Trading for GreenShift Corporation (OTCBB: GSHF) has been heavier than usual in today's session. By 15:25 ET, the stock had already traded 6,315,200 shares via 280 trades. The cumulative volume is 62.41% above its 20-day average of 3,888,495. Normally the stock experiences around 131 individual trades per session.
So far, today's volume surge has caused a net rise in GSHF's stock price. At the time of this alert, the stock was trading at $0.210, up $0.025 (+13.51%).
One year ago, the Company's shares closed at $0.058. The price has gained more than 262 percent since then.
Over the last 10 trading session GSHF has traded in a range between $0.024 and $0.250 and is currently trading 46.84% below its 52-week high of $0.395 set on September 13,2005 and 950.00% above its 52-week low of $0.020 from June 06,2005.
In the previous 3 sessions, GSHF trading has displayed a mixed trend. Closing results have been as follows:
April 11, 2006 --- closed at $0.185 down $0.057 (-23.55%) on 13,257,000 shares
April 10, 2006 --- closed at $0.242 up $0.085 (+54.14%) on 21,679,000 shares
April 07, 2006 --- closed at $0.157 up $0.021 (+15.44%) on 1,683,500 shares
Got into this hottie today. Hope I will not be paying for all the beer and beer goggles ;)
Will buy more if it retests the support. The 3SoF team is doing a great job.
EliteG
Any guidance or targets yet?
update GSHF:
GSHF made a nice reverse off its previous breakout area and now looks set to make new highs. ;) Still no news or PR.. >:D and INSQ and VRDM (2 companies that GSHF owns) are still up huge and look set to go higher. We will continue to evaluate on close for exit.. there is a good chance that we will be selling many bags higher.
------
Position Started: bought GSHF @ 0.233 on 4/11/2006
Current Order Status: Hold
Exit: evaluate on close data
Target: n/a
------
Good pick, eliteG :)
I'll be buying into XTHN.OB as well, to stake out an initial position that could really please!
good trading to all
willey
elite,
Looking at your charts, does the volume and price corellation bother you? Seems to me that last week had record volume that blew away even past highest volume days. But the price hardly budged. I would expect pps to appreciate tremendously based on that kind of volume.
On fire (http://mdteague.com/FlaminDevil)
Oh Mama!!! ;D
Way to go 3SOF Team !!! >:D
My portfolio is up 50% the last 4 weeks :) man i trade just otcbb stocks. Where the big volume is. I took profits on gshf for the moment. Thanks 3sof.
Quote from: ket1390 on April 17, 2006, 10:51:29 AM
My portfolio is up 50% the last 4 weeks :) man i trade just otcbb stocks. Where the big volume is. I took profits on gshf for the moment. Thanks 3sof.
Awesome job ket! But I think you are cutting yourself way short with
GSHF.. this baby has just begun ;) As I have posted in my chart up there.. over 100% is definately possible and with the right magic the $1 range is in sight. >:D
Got in on this one today @.269.
Goodluck to all holding :)
G, I think VRDM may be considered for the pennies portfolio.
And applaud 3SoF team for having eye for GSHF.
EliteG: I've never bought any penny stocks, but this just looks way too hot to go by. What would you consider a decent entry point at this particular juncture? Would you suppose the stock should pause like the last time it made 50% move, before another substantial spike or could it continue due to the growth in oil prices? Thank you!
Yo G!
Granted we rode it down a little first, but having a stock gain 50% in one day was a first for me, thanks!!!! Crazy to be up so much on such a down day for the market too ;D
You mentioned in G-TA that the breakout was on the famed g-pattern, can you show how that pattern developed, what it looks like etc?
I'll try to answer all the questions on GSHF with this update. Up 42.92% in 5 trading days for us.. I am ok with that. ;) :D :o Glad you guys and gals are enjoying it as well. :)
update GSHF:
Wow there is a lot to cover here. Let me make a list and elaborate on some points of this tremendous play.
- Ethanol trend is strong
- VRDM and INSQ(both owned by GSHF) are trending upwards strongly
- G-pattern breakout today
The market was down today today but the Ethanol plays moved big.. all day long. You always want a stock in the hot group. There is nothing hotter than ethanol.
-----------------------------------
VRDM is 70% owned by GSHF
INSQ is 80% owned by GSHF
VRDM mkt cap = 12.78million * .7 = 8.946million
INSQ mkt cap = 45.02million * .8 = 36.02million
8.946 + 36.02 = 44.966Million
GSHF mkt cap = 35.68million
The current valuation of GSHF is cheap especially considering the fact that GSHF.. owns more companies than these 2! :o >:D This makes GSHF a safer play as well! ;)
----------------------
The G-pattern is best explained on the chart. What this data means to me is that GSHF has just begun its dynamic move. We have a hot group play, an undervalued penny and an amazing technical signal... We consider GSHF very buyable at this level! We are looking for more than 100% on this play. :o 8)
------
Position: bought GSHF @ 0.233 on 4/11/2006
Order: Hold
Exit: evaluate on close data
Target: n/a
------
If you had seen runs in XSNX.OB and PTSC.OB you will know that it was never too late when they were in penny. The problem starts with change in momo shift and/or bad press or something worse. But with crude above 70$ anything alternate is the best bet. Personally I will add just a little to make my holdings some fancy even number ;)
Thanks for answering, stocky. Accidentally deleted the post ::)
Holding and Happy.
Has anyone noticed in their annual report , posted on Monday, that they earned $.03 per share in 2005, and also they would give dividends to shareholders?
This info was near or at the very end of a lengthy report.
Is that what's helping propel this stock and what do dividends mean to us as shareholders (as in the likely event we would get something out of this)?
I hope I've shared something of value her, and thanks in advance for input.
dak-
Noticed this as well. Don't believe it's payable to shareholders. I also noticed an inconsistency with this, in that they report 63.5MM shares in the report, though they are currently sitting a little above 100MM, I believe. Hope it doesn't turn out like INSQ..
INSEQ Corporation (OTC Bulletin Board: INSQ) announced that 4,948,173,844 shares of its common stock were outstanding as of April 16, 2006, not 367,243,231 shares as mistakenly reported on the cover page of INSEQ's 2005 Form 10KSB.
what a bullish stock i am back in at 0.26. I thought it going to test the g-pattern breakout at 0.25. It did!! at 0.255 so i entered a order at 0.26...there were not many shares to pick up:) but i got all i wanted.. 8)
Added more shares at .275 on the dip this morning, all averaged in now at .25
Now will sit back for the ride and see if all those quarters get turned into silver dollars ;D
Great call, tokyopua! Right at the 5-EMA!! That's where I would have put my bid if I was going to buy some, but I've never traded an OTCBB stock before. I know they are alot riskier and cost more for commission than regular Nasdaq stocks. Maybe someday I'll try one!
Good luck!
Leaira
QuoteGreat call, tokyopua! Right at the 5-EMA!! That's where I would have put my bid if I was going to buy some, but I've never traded an OTCBB stock before. I know they are alot riskier and cost more for commission than regular Nasdaq stocks. Maybe someday I'll try one!
for me every stock is a risk....in order to win more i risk more....still a blue chip can crash...there is no stock safe out there.
Quote from: Leaira on April 18, 2006, 12:11:24 PM
but I've never traded an OTCBB stock before.
For short term trading it's okay I think, as long as the volume is relatively high so you have liquidity. Worst part about penny is liquidity but I don't think we are going to have that problem with this one. Look at WDPT. That one volume is scarrily low in the last few days. If we need to bail suddenly on that one, it will get real ugly real fast.
OK, I see that this stock has come back down to the upper bollinger band, and it's near the G-pattern breakout again. Do you think 26 cents would be a good price to try to buy tomorrow? What would you say is the likelihood of this going back to the low 20's? This would be my first OTCBB stock, and I don't want to lose on it! It went down 17% today on higher volume than yesterday's 50% move upward. Looks like 26 cents will be right at the 5-EMA and 21 cents will be at the 13-EMA.
Thanks,
Leaira
Good luck with your first OTCBB Learia!
Just gonna give some input on my opinion of an entry. For starters i'll tell you i bought some more at .275 today right near the close. This wasn't the best entry i could have made today but im pleased with where PPS stands at the close which is why i bought
Theoretically with Tall white candle sticks( Called marubozus ) like we witnessed yesterday, in order to maintain its bullish status you want to see support hold up right at the midpoint of the candles opening and closing prices. In GSHF's case it closed just slightly below it which isn't too big of a deal. When i look for support on tall candle's i usually set my stops just below the midpoint. The midpoint for yesterdays candle was roughly .28 and todays close was .275 where i made my entry.
Prior longer term support was the last peak we saw at .27. So i see the area of from .27 - .28 as a bullish status buying zone. Wich is where i would like the stock to stay above for me to feel comfortable and maintain my bullish status on this stock. Since the closing price fell within this bullish range it gave me enough reason to add more to my position. Though it did fall near .26 towards the .25 G-support you could have made a better entry than i did. Though i wasnt as comfortable filling my position in that range so i waited til the close to see what happened and thankfully i was glad to see it close within "my" bullish status range.
So this may retrace some more tomorrow who really knows. But i feel comfortable with my added position. Good luck and nice fill to anyone who got in on the early morning dip near .26
With so many intelligent members and posts, I like dumb bought in morning @.325 >:(
Good luck to all.
- Dhiraj
Quote from: dhiraj19 on April 18, 2006, 09:02:47 PM
With so many intelligent members and posts, I like dumb bought in morning @.325 >:(
Good luck to all.
- Dhiraj
I think we have all been there done that, dhiraj19. If it makes you feel any better, this stock is probably still going up and you can still make money, but I recently bought EFSF above .5, its around .33 now :'(
And unlike GSHF, it has got no ethanol craze/70 dollar oil to get it going again. Unless bird flu breaks out tomorrow, its going to be a long time before I break even on that trade...
Once again another great pick.........
I too jumped in 10k @.31 and another 10k @ .29........
Any dip in the morning, and you guessed it, another 10k..........
Hi
If it makes anyone feel better, i have been holding PTSC from 1.70 and now it is at .88!
I also lost a lot of money on GZFX.
So now I buy very carefully. I have Ameritrade IZONE and they charge $5.00 for any number of shares trading on any exchange including otcbb and pink sheets.
So I bought GSHF at .181, .195 and sold at .31 and now I am back in with 5000 shares at .28
if it goes down tomorrow I will buy more, if it doubles I will sell.
Good luck to us all!
Lalitha
Quote from: Leaira on April 18, 2006, 12:11:24 PM
Great call, tokyopua! Right at the 5-EMA!! That's where I would have put my bid if I was going to buy some, but I've never traded an OTCBB stock before. I know they are alot riskier and cost more for commission than regular Nasdaq stocks. Maybe someday I'll try one!
Good luck!
Leaira
Leaira, I wish I could tell you that was planned around the 5-EMA or any other technical indicator, but rather I was just watching a 1-minute Level 2 chart and saw that it had likely bottomed. Sometimes you see that, where it hits a bottom and then starts moving up fairly quickly and its just a "feeling" based on having seen that before. By the time I decided to buy it, it was up from about .255 to .275, that was probably only a minute.
All told, I guess I would have been more impressed with that move if the stock had not basically closed at the same level ::) so far, the one I am impressed with is Metro who got in around .175 if I remember correctly.
As for whether to buy... I am also no expert on how the penny stocks trade. I can only say that from what I have seen the biggest profits on 3SOF seem to have been made off of the pennies, if you go back into the old trades it looks like there was a 12 bagger in there, etc. 3SOF seems to know how to pick the pennies! Though granted there will be some losers in there too...
update GSHF:
So we think we have a major move and this must come with major fluctuations.. but lets defend against a reverse. GSHF remains above the g-pattern breakout so lets put a stop a bit underneath. If ethanol swings into action we should be able to climb tomorrow. I like the heavy volume today.. to me it means we had some major players step in.
------
Position: bought GSHF @ 0.233 on 4/11/2006
Order: Hold
Exit: stop @ 0.239
Target: n/a
------
Applaud G, my mental stop was 0.245 but I am now lowering it to 0.238 [I am next in queue ;)]
QuoteExit: stop @ 0.239
eliteG do you mean intraday with this sellstop ? or on a market closed basis.....
for example if we hit intraday 0.23 and we close at 0.251 would you still hold ?
Thanks ;D
Ameritrade does not accept "Stop Limit" orders on OTCBB securities. Do you place a "mental" stop or your broker permits stop orders on the OB's?
Quote from: berloga on April 19, 2006, 09:58:53 AM
Ameritrade does not accept "Stop Limit" orders on OTCBB securities. Do you place a "mental" stop or your broker permits stop orders on the OB's?
No broker does, it seems. Apparently, it is a requirement of the exchange.
If I can't watch it during the day, I check in the evening if the price dropped to the stop target during the day, then sell at the open the following day. No "sell at market" order accepted either, I believe. Must be a limit order.
Quote from: stocky on April 19, 2006, 12:57:18 AM
Applaud G, my mental stop was 0.245 but I am now lowering it to 0.238 [I am next in queue ;)]
thx stocky 8).. hopefully we wont have to test it.
Quote from: ket1390 on April 19, 2006, 05:17:44 AM
QuoteExit: stop @ 0.239
eliteG do you mean intraday with this sellstop ? or on a market closed basis.....
for example if we hit intraday 0.23 and we close at 0.251 would you still hold ?
Thanks ;D
Hey ket - yes a stop is an intraday execution.
I think some brokers do allow stop-limit..not sure but the key is the principle that we will sell if this price is breached during the day. Thats our plan ;)
Nice rebound on this hottie! Keep 'em shaking baby (http://mdteague.com/boobywiggle_tweetz.gif)
What a powerful close!
I put a bid in for 25 cents, and missed it by less than a penny! >:( Low was 25.2 cents.
I'll still be watching this stock. Also, what does this company have to do with ethanol? I didn't see anything related to ethanol in the company's profile.
Leaira
Quote from: berloga on April 19, 2006, 09:58:53 AM
Ameritrade does not accept "Stop Limit" orders on OTCBB securities. Do you place a "mental" stop or your broker permits stop orders on the OB's?
You can set a trade trigger on this instead w/Ameritrade.
Quote from: Leaira on April 19, 2006, 05:04:44 PM
I put a bid in for 25 cents, and missed it by less than a penny! >:( Low was 25.2 cents.
I'll still be watching this stock. Also, what does this company have to do with ethanol? I didn't see anything related to ethanol in the company's profile.
Leaira
Take a look at these two companies, VRDM and INSQ, they are the ethanol plays.
VRDM is 70% owned by GSHF
INSQ is 80% owned by GSHF
And BTW, congratulations on winning the stock picking contest!
update GSHF:
Great move! GSHF closed at the high of day.. nothing wrong with that. ;) We were considering a half-sell just to ease the tension(and take in our +40%) but GSHF has the right chart to make us a bag or 2..or 5.. >:D Lets stick with it and our analysis. Same stop. Lets rock!
------
Position: bought GSHF @ 0.233 on 4/11/2006
Order: Hold
Exit: stop @ 0.239
Target: n/a
------
GreenShift plans to use equity and debt capital to support and drive the value of its existing portfolio of companies and to make investments in a diversified mix of strategically compatible growth stage public and private businesses and technologies. GreenShift's current portfolio includes investments in the following environmentally proactive companies:
» Veridium Corporation (OTCBB: VRDM) Environmental Services
» INSEQ Corporation (OTCBB: INSQ) Secondary Commodities
» GreenWorks Corporation Engineering Services
» GreenShift Industrial Design Corporation Technology Design & Marketing
» Coriolis Energy Corporation Green Energy Research
» TDS (Telemedicine), Inc. (Pink Sheets: TDST) Real Estate and Infrastructure
» Ethanol Oil Recovery Systems, Inc. BioDiesel Fuel Production
» Sterling Planet, Inc. Renewable Energy Sales
» Ovation Products Corporation Clean Water Technologies
In addition, GreenShift hopes to add investments in wind power, hydropower, practical centralized applications of hydrogen power, alternative fuels, infrastructure and mining to its portfolio during 2005 and 2006.
Sold 1/3 of my position @.376. will hold rest for now
Goodluck to all holding :)
Quote from: wrangler on April 17, 2006, 11:27:26 AM
Got in on this one today @.269.
Goodluck to all holding :)
I'm really gun shy of penny's and when one can give me a profit like this in four day's I'll take it.
Sold rest of my position @.365
Goodluck to all holding :)
Quote from: wrangler on April 20, 2006, 10:15:20 AM
Sold 1/3 of my position @.376. will hold rest for now
Goodluck to all holding :)
Quote from: wrangler on April 17, 2006, 11:27:26 AM
Got in on this one today @.269.
Goodluck to all holding :)
Great trading wrangler! :o I hope you guys are enjoying GSHF. >:D
EliteG,
THANK YOU.....I sold have my position in GSHF this morning for .398 for more than a 100% return....holding the rest to see how things turn out....
what's next?
Quote from: bgoodman on April 20, 2006, 02:20:11 PM
EliteG,
THANK YOU.....I sold have my position in GSHF this morning for .398 for more than a 100% return....holding the rest to see how things turn out....
what's next?
:o :o great job! We cant always promise good pennies but if they came up they'll be here. >:D
G, so do you think run will continue or good to take some off the table today?
WOW! G, you are nailing this one down!! :o Applause!
I am out at .37 from a .22 entry. This play seems to have lots of jucie left for us. I'll jump back in in the next opportunity.
8)
Despite some selling, she sure held up nicely..............
I sold half at $0.40 today. Then I started second-guessing my decision and so I re-bought half my position back at $.379. So got a free $.02 on half my shares! whoo-hoo!
Hi folks,
Congrat's to those that trade in & out & in & out &---ad nauseum!
I'm holding until a buck---there, she'll likely pause & retrace some for real & I'll take trading profits & plan to subsequently jump back in for the ride to $1.80, or so.
The ethanol game. It's likely to turn into a long lasting bubble of "dot-com" proportions. Already, GM is pushing E85 compatible autos! E85 is 85% ethanol! We're going to that much ( eventually ) to break the grip of OPEC on our fuel supplies. This won't just be ethanol harvested from corn- it will be from many-many "trash related" things. It is a plan ( huge plan ) behind the scenes in Washington to get reduced vulnerability regarding all the overseas crackpots running the "oil show"!
XTHN..... unless I'm all wet, this is slated to be a superstar
good trading to all...
willey
hi,
isn't this a gravestone doji? maybe a pull back coming? help me out all you candlestick makers,
thanks
maxi
I too think this has a shot at $.60- $1.00..........Ethanol plays are hot, and hell, in 2004 this was $2+................
Yeee haaaaaa, get your skate board out folks the cup and handle on this one will make a nice RAMP up..............LOL
Quote from: rickjust on April 20, 2006, 11:43:45 PM
hi,
isn't this a gravestone doji? maybe a pull back coming? help me out all you candlestick makers,
thanks
maxi
Gravestone doji????..........dohhhhhh. Hope not, although it does sound serious............ :o
Quote from: rickjust on April 20, 2006, 11:43:45 PM
hi,
isn't this a gravestone doji? maybe a pull back coming? help me out all you candlestick makers,
thanks
maxi
My understanding of the gravestone doji (I read a lot about candlesticks because I love Japan and all things Japanese and I even read about candlesticks on Japanese web pages) is that the gravestone candlestick is actually a doji shape, i.e. it pretty much closed where it opened at the low of the session (so the line forms at the the very base with no white body), but here we have enough of a white body that it is not technically a gravestone doji.
And even a gravestone doji here might only suggest a trend reversal, but not necessarily mean a strong or lasting reversal. They tend not to be that strong of a indicator, and if you get a white candlestick after one, the indication is of course meaningless anyway. And it seems like the hype around ethanol and the continual inflow of orders from around the world for VRDM technology is not going to let any downtrend last. So lets hope for that white candle anyway tomorrow! >:D
My armchair quarterbacking for tomorrow is that we do get enough of a pullback to fill that gap from today, then it off to the races for another 8 to 10%, hahaha. But only the market will know for sure!
I am not a candle stick or TA expert, but I think both GSHF and VRDM has potential to double from todays close. However, this may be bumpy.
Holding: GSHF and VRDM.
update GSHF:
GSHF had a nice gap and run today(up 8.79%!).. we ended with a bit of profit taking from our resistance zone and thats normal. ;) I know many of you at least sold partial.. very nice job! ;D
What I see in this chart is lots of volume.. creating a huge run.. not many unhappy holders of this stock(only if you bought today @ .405)... so I dont see much selling pressure.. only the normal resistance. Ethanol is still definately "in". We want over 100%(a bag) or more bags >:D. No change yet in our stop.. I would like a bit more data before I move it higher.
If we close higher than todays close tomorrow.. GSHF will not wait long to really start moving ;) Check out the 1st chart(you guys think that peak in september can compete with this volume...it makes that peak look like a hiccup) 8)
------
Position: bought GSHF @ 0.233 on 4/11/2006
Order: Hold
Exit: stop @ 0.239
Target: n/a
------
Quote from: rickjust on April 20, 2006, 11:43:45 PMisn't this a gravestone doji? maybe a pull back coming?
A gravestone doji is bearish only when it appears in a downtrend, according to E*Trade's chart tutorial:
(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=19791;image)
hi,
isn't this a gravestone doji? maybe a pull back coming? help me out all you candlestick makers,
thanks
maxi
Posted on: April 20, 2006, 11:03:57 PM
not IMO:
http://www.americanbulls.com/StockPage.asp?CompanyTicker=GSHF&MarketTicker=OTC&TYP=S
That scared me, but I guess there wasn't really a trade at $0.22 a moment ago, at 10:13.
(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=19798;image)
To clear up the confusion on the Gravestone Doji. It can be considered both a bullish and bearish candle. It depends on the prior trend. In our case it was a bearish indicator as it appeared after a bullish rally. With the opening and closing prices the same and a tall upper shadow shows that the bears had control by the end of the day. But it always takes confirmation the next day to see what the verdict is between who controls the power. The day ended down and completed confirmation for bears holding the power. Though im not too worried as we didnt retrace much and formed a bullish hammer candle to counteract the prior bearish candle. I think we will see this retest the .40 resistence in the near future.
It can also be a bullish indicator in a downtrend. The candlesticker.com makes there case about shorts being in a losing position after a gravestone doji. If the following day gives rise to a bullish rally then shorts will cover and be a bullish indicator producing a rally. I don't much like the bull case for the gravestone doji and think it is more significant as a top reversal indicator.
Besides the point of the Gravestone doji which actually isnt relevant to the case of GSHF. The candle that appeared yesterday is actually a shooting star. Which is similar to the gravestone doji but contains a real body and an upper shadow. it serves the same sort of implications as the gravestone doji but most would consider the doji more potent of an indicator.
I'll leave the TA analysis to the master mind Mr G. 8)
-fous
GSHF posted their financials (Quaterly and Yearly)
Any comments:
http://finance.yahoo.com/q/is?s=gshf.ob
Not a fundamental expert here but I think the numbers show that the company finally broke profit. looking very good >:D
in same breath VRDM financials were also posted:
they were not good.
http://finance.yahoo.com/q/is?s=vrdm.ob
Any comments on the take of VRDM financials on VRDM's Stock price action and also on GSHF stock price action?
VRDM negatives should affect both of them...
All of the financials are about Dec 2005 ending... All this is happening currently is about current oil alternatives. ???
- Dhiraj
update GSHF:
First I would like to address some replies on this thread.
1: gravestone doji, shooting star, inverted hammer... we must focus on things that affect our trading plan. Dont get sidetracked! A day of data(a candlestick) is not equal to the amount of days we have risen on strong volume and the current ethanol trend. It does not affect our trading plan.
2: GSHF did not post any new financials. Yahoo just updated their own records. No new data here.
GSHF - So far pausing after meeting resistance @ ~.40. We feel more comfortable in moving our stop higher. A bit under halfway of the tall white(5 trading days ago) I believe there may be strong support @ .30.. but hopefully this will not need to be tested. It will be an exciting week. 8)
------
Position: bought GSHF @ 0.233 on 4/11/2006
Order: Hold
Exit: stop @ 0.269
Target: n/a
------
I've been thinking the same, very exciting G lets rock. Expect rising gas prices to give ethanol some play again this week. All aboard!!!!!!!
Applaud G, mental stop raised to 0.268. Though I am looking at > 1.0 for booking any profits. Though I will again suggest to consider VRDM for pennies portfolio.
Quote from: stocky on April 24, 2006, 10:21:33 AM
Applaud G, mental stop raised to 0.268. Though I am looking at > 1.0 for booking any profits. Though I will again suggest to consider VRDM for pennies portfolio.
The pennies portfolio is no more stocky! We have pennies in both the 3SOF and 3SOV ports. >:D :) Adding both VRDM and GSHF would increase our risk too high. We rather take the bigger one which owns VRDM and INSQ(and their profits) =
GSHF
This is shaping up nicely, I'm still in............Looking for a breakout.
Understood G. Managing public portfolio is a big O responsibility. You guys are doing great job already.
EliteG,
What do you say about today's action? It went everywhere ( started down then went touched the highest and later struggled to close green just above yesterday's close).
I was looking at 5 min chart and the closing of day showed lot of activity and price dropping. Does it mean profit taking was high? Also same happened with VRDM. Thoughts, comments from your experience and analysis.
- Dhiraj
Quote from: dhiraj19 on April 25, 2006, 04:12:39 PM
EliteG,
What do you say about today's action? It went everywhere ( started down then went touched the highest and later struggled to close green just above yesterday's close).
I was looking at 5 min chart and the closing of day showed lot of activity and price dropping. Does it mean profit taking was high? Also same happened with VRDM. Thoughts, comments from your experience and analysis.
- Dhiraj
I think the market is trying to weigh the impact of the speech by President Bush today and his 4 point plan to reduce our dependence on oil. I listened to and watched the price action of PEIX and GSHF during the speech. PEIX was ramping, but GSHF was not moving almost at all. Then after the speech it was off to the races for GSHF and PEIX fell.
The confict is that on the one hand Bush encourages ethanol use, but today he announced waivers for the the mandatory additions that have been causing shortages. Just my opinion here, but I think that together with normal profit taking is what caused the price action today.
This is related to the Ethanol theme:
"Pacific Ethanol Shares Up on Gates Stake
Tuesday April 25, 4:14 pm ET
Pacific Ethanol Shares Rise After Microsoft Chairman Buys In; Other Ethanol Stocks Follow
NEW YORK (AP) -- Shares of Pacific Ethanol Inc. jumped to a new high Tuesday after word broke that Bill Gates bought a large stake in the Fresno, Calif. alternative fuel company.
Shares of the company have nearly tripled in the past three months, as the rising price of oil and other factors have turned the nation's attention to alternative fuels. Pacific Ethanol shares closed Tuesday, up 90 cents, to $33.30, after earlier hitting a new 52-week high of $35.48. Trading volume of 10 million shares was more than five times average daily volume.
According to a filing with the Securities and Exchange Commission, Cascade Investment LLC, the Microsoft Corp. chairman and chief executive's private investment vehicle, purchased 5.3 million preferred shares of the company on April 13 for $16 per share. The holdings are convertible to 10.5 million common shares at any time, the filing said.
Pacific Ethanol said Monday Robert P. Thomas, portfolio manager of Cascade, was named to its board of directors.
Ethanol has come under increased focus in recent months as President Bush has led a campaign for alternative fuels, and the refining industry has moved to use it as substitute for methyl tertiary butyl ether, or MTBE, a gasoline additive that is considered toxic and faces bans in several states. The federal Energy Information Administration says most refiners are trying to cut out MTBE before the summer driving season.
The latest upsurge for Pacific Ethanol shares was accompanied by a spike in stock of Andersons Inc., an agribusiness that produces ethanol and is working on clean coal technology.
Nasdaq-listed shares of Andersons also hit a new high Tuesday, spiking at $113.25 during the regular session before settling back down. Shares closed up $4.17, or 4 percent, at $107.27. Volume was nearly 8 times normal daily volume.
Also up were shares of Electro-Sensors Inc., a Minnetonka, Minn. company that makes electronic controls, and targets ethanol and biofuel producers as customers, according to its Web site. Shares added $1.29, or 25 percent, to close at $6.50 on the Nasdaq, after earlier trading at a new 52-week high of $7.45. Volume, normally just 6,000 shares, was up over 800,000 shares for the session."
For anyone interested you can find the text from Bush's speech today at the address below.
http://news.yahoo.com/s/ap/bush_text
He is definitely pumping Ethanol in the long term.
GLTA....Alien
update GSHF:
GSHF closed at the highest close of this run! Yes we saw some rejection again higher up at the resistance zone. That is not alarming but healthy. Lets get all those weak hands out of the stock..so they can buy back in when GSHF really starts to move. ;)
If you look at the longer-term chart(weekly) you can see the powerful rise of GSHF. Ethanol has just come into market vocabulary.. this run may have just begun.
Support around .33, .32, .30.. so time to move that stop up. Never fall in love with these pennies!
------
Position: bought GSHF @ 0.233 on 4/11/2006
Order: Hold
Exit: stop @ 0.289
Target: n/a
------
Well everyone is pumping ethanol stocks now. I just got a teaser e-mail from Navellier. I don't subscribe to him so I don't know which he is talking about:
"Our top company in this sector is the world's largest supplier of corn seeds. The company is like the Saudi Arabia of the ethanol industry. In fact, the company's stock price is currently at a terrific buy price. But it won't last long; the stock is up 131% over the past two years. And hold on to your hat--this growth stock is set to double those numbers."
No link since it was in my e-mail. Seems like GSHF or stocks involved in the infrastructure of ethanol would be a solid place to be. I know some people are now saying that the cost of transition, production and switching to ethanol will make it less viable.
Ugh, the stop got hit. It looks so manipulated though... no news, etc....
Now at 0.27. My average is 0.29. I guess the nature of the market is most lose money--that's why market exists.
G--Where's the next support before you leave this one? I may remain a bagholder and cross my fingers for next week.
I think the stop @ .289 means they already left this one.
Our stop got hit.. so we no longer have a position in GSHF. The team will try to keep a watchful eye for re-entry. Next possible supports are 20ema and the g-pattern breakout.
A stop is for protection.. to take some emotion out of the game. We took home over 20% profit and thats great. ;D We could have taken home more but we were willing to try and swing with GSHF. Market decides what is wrong and right.
Yea, I am not going to sell this one at this price. It might go lower, so I am not going to add here, but I am going to hold for a bit. >:D
For those still holding, I think it may recover if it can close above $0.28
I actually bought a small amount 30000 shares at $0.27 earlier.
I'm still in, todays action sucked. I think all my objectivity was destroyed with PTSC. I've had 4 stocks now since that that have hit over 30% but i didnt pull the trigger waiting for the HUGE blastoff that never comes, then they all fall into the red. I need to hire an intern that hits the sell button anytime i have big profits in a short time. If anyones interested in the position its worth 3 credits at any unaccredited online or imaginary university.
I am in at 0.23 average, and sold half today just to ease the pain. Sure feels bad not to have sold at .37-.40.
Not much of a TA expert here, but could this be forming a handle on the 8 months long cup?
Quote from: vessvess on April 27, 2006, 04:41:14 PM
Not much of a TA expert here, but could this be forming a handle on the 8 months long cup?
You may not be an expert, But i see the cup as you did :)
Im still holding my shares right now as well. I don't think this whole ethanol run is over. Most broke out big and are now consolidating. I think they still have at least one if not more healthy run left in em. I think there will be strong support at .242 which is the G-spot.
Im anticipating(hoping :) ) a cup and handle formation here that will break us above the heavy resistence at .40. Only time will tell.
I almost pulled the triger when it first hit .40. Woulda had a nice 100% profit. But woulda shoulda coulda ;) Pennies are just hard suckers to play.
Good luck to anyone still holding and thanks 3sof for bringing GSHF to my attention.
-fous
Hi Fous, I am also still invested.
reason for the drop today:
VRDM: To Increase Authorized Shares to 500M from 250M
Thursday , April 27, 2006 14:00 ET
According to a proxy filing with the SEC today, holders of shares representing a majority of the voting power of Veridium Corporation (VRDM) have given their written consent to a resolution adopted by the Board of Directors of Veridium to amend the certificate of incorporation of the Company to increase the number of shares of authorized common stock from 250,000,000 shares to 500,000,000 shares.
tomorrow will be interesting, nice TA ;)
So this effectively halves the GSHF ownership. I am also in this stock still.
- Dhiraj
Quote from: dhiraj19 on April 27, 2006, 06:34:42 PM
So this effectively halves the GSHF ownership. I am also in this stock still.
- Dhiraj
I wonder if that really halves their ownership, there have to be things in the contract that preclude that from happening. Also, if its a straight 50% dilution, VRDM should have dropped more than it did, but it was just down 10.16% compared to the 16% GSHF lost.
I dont have the time tonight to dig into it, but found this post on Yahoo MB, wonder if its true?
http://messages.yahoo.com/bbs?action=m&board=1600754342&tid=gnbt&mid=227388&sid=1600754342
----------------------
I think GSHF was the play they have
by: coppershirt88 04/27/06 05:47 pm
Msg: 227388 of 227491
protection from dilution. Cornell gets 44 mil and 75 mil I would bet GSHF gets the rest.
-----------------------------------
I think if anyone can track down what these dillution numbers really mean to GSHF we would know if there was an over reaction, etc. Certainly seems strange to me that VRDM had the biggest gains from their positive news vs. GSHF, but GSHF should get harder for negative news in VRDM.
Quote from: fous on April 27, 2006, 04:59:52 PM
Quote from: vessvess on April 27, 2006, 04:41:14 PM
Not much of a TA expert here, but could this be forming a handle on the 8 months long cup?
You may not be an expert, But i see the cup as you did :)
Im still holding my shares right now as well. I don't think this whole ethanol run is over. Most broke out big and are now consolidating. I think they still have at least one if not more healthy run left in em. I think there will be strong support at .242 which is the G-spot.
Im anticipating(hoping :) ) a cup and handle formation here that will break us above the heavy resistence at .40. Only time will tell.
I almost pulled the triger when it first hit .40. Woulda had a nice 100% profit. But woulda shoulda coulda ;) Pennies are just hard suckers to play.
Good luck to anyone still holding and thanks 3sof for bringing GSHF to my attention.
-fous
You welcome Fous :)
I agree that GSHF may very well cup but we do not know how long that could take or if it wont keep going down.
Time = money.. so we will keep an eye for when putting our time into GSHF will make us money again. Goodluck to everyone.. and I am hoping it bounces back for you guys tomorrow. ;D
Quote from: fous on April 27, 2006, 04:59:52 PM
You may not be an expert, But i see the cup as you did :)
I'm still holding my shares right now as well. I don't think this whole ethanol run is over. Most broke out big and are now consolidating. I think they still have at least one if not more healthy run left in em. I think there will be strong support at .242 which is the G-spot.
Im anticipating(hoping :) ) a cup and handle formation here that will break us above the heavy resistence at .40. Only time will tell.
I almost pulled the triger when it first hit .40. Woulda had a nice 100% profit. But woulda shoulda coulda ;) Pennies are just hard suckers to play.
Good luck to anyone still holding and thanks 3sof for bringing GSHF to my attention.
-fous
Hi Fous, La-onda,
I'm still in. Honestly b/c my broker does not allow me stops on pennies >:( . I like the stop system to assure profits. To be honoust it's brought me some great profits on pennies not being stopped out when 3SOF was :). Still that is not a plan :-\ and it has also caused some pain on f.i. HYRF :'( All together I think it is really hard to plan pennies. The tiniest bit of news makes them move like crazy. Lots of times they need more time and wider safety stops. I most say I still don't feel like I have the answers to how to trade them well :-[.
Let's see which way GSHF moves today. I know I'll be watching it closely and get out if it moves down!
Amarens
Quote from: Amarens on April 28, 2006, 03:22:13 AM...my broker does not allow me stops on pennies >:( .
I am in the same situation; perhaps I should change broker.
Somebody, I believe G, said in another thread that not all brokers disallow stops on OTC stocks. Could somebody tell me what brokers do allow them?
For now, on Ameritrade, I am placing a limit sell order at $0.289 and I shall have to watch it when the market opens today.
This is a great pick by 3SoFire with a nice gain banked. Thanks for bringing this one to us. I would not be trading pennies without Elite G's lead and instructions.
Looks like the steady 5 day or so slide from .40 was a real sell signal and I agree with the stop. My average price was .21, and I still have my small position. I am hoping this is a solid reversal here. volume looks good for first hour.
Sold half of my position at $0.26 when it did not want to move up within the first 10 minutes. Now hoping to sell the remainder for 0.318, to average $0.289 (the earlier stop target)
Bought it on 11 April at $0.235
Cut my position here at .3 by about 33%, nice to have had this bounce.
Again, I think that the VRDM dilution news caused this yesterday, but there must have been contractual agreements between GSHF that protects them from arbitrary dilution. Shareholders are not protected, but the companies themselves benefit long term from dilution.
And even VRDM is back up today in the green, so things are looking a bit better.
Looks like this one is coming back now.
I didn't sell it last night. Was going to sell it this morning then decided to wait 30 min, after 30 min it looked like a rebound is in play so I held off. If this can close over $0.33 then my position is golden.
just sold it... recovery looks like running out of steam. I take what I can. Have a great weekend guys.
nice rebound today >:D
cheers
Oliver
Quote from: la-onda on April 28, 2006, 04:40:35 PM
nice rebound today >:D
I sure enjoyed the rebound we viewed today :)
Im still holding all my shares in this one for now.
.25 has shown its presence as a strong support making a solid rebound from it today. Todays move was fairly significant with bull power as we had a bullish engulfing candle pattern close near the HOD and on above average volume and bouncing off of a strong support area.
Todays pattern also reinforces the chance of a cup and handle pattern to form here in the near future. Next week will be interesting.
Nice job on limiting risk and taking some profits netfish, toky, and maestro :) Profits are always nice.
-fous
hi,
sold half at 38 and the other half yesterday for 27. got in at.218 so not too bad . i think if this breaks that 52week high at 42ish i am going to throw everything at it! :o
max
Very nice day for GSHF on news.
Cramer had a whole episode devoted to ethanol today, and more and more today on CNBC I heard "oil to $100"... seems the craze is strong as ever for ethanol.
seems that it closed at support of .33..... not too sure what it will do tomorrow... gas prices went up during the day today but GSHF slowly declined thru the day.... hum suspect... volume was low which is a good thing.... tomorrow should be interesting....
good luck all
B
>:D
Quote from: beroznikmal on May 02, 2006, 09:46:48 PM
seems that it closed at support of .33..... not too sure what it will do tomorrow... gas prices went up during the day today but GSHF slowly declined thru the day.... hum suspect... volume was low which is a good thing.... tomorrow should be interesting....
good luck all
B
>:D
I think that because of all the recent big moves in GSHF there will be enough volatility such that GSHF wont always move in lockstep with gas prices or even ethanol on a given day.
However, for now I am trusting the general trend. All I hear on CNBC this week is Iran and $100 oil and ethanol, so this has to bode well for GSHF longer term. Of course bad news like the VRDM dillution can certainly bring us lower, but the chances seem lower now that its over, and it seems like VRDM is getting orders at a fairly steady pace recently.
Quote from: fous on April 28, 2006, 06:58:15 PM
Quote from: la-onda on April 28, 2006, 04:40:35 PM
nice rebound today >:D
I sure enjoyed the rebound we viewed today :)
Im still holding all my shares in this one for now.
.25 has shown its presence as a strong support making a solid rebound from it today. Todays move was fairly significant with bull power as we had a bullish engulfing candle pattern close near the HOD and on above average volume and bouncing off of a strong support area.
Todays pattern also reinforces the chance of a cup and handle pattern to form here in the near future. Next week will be interesting.
Nice job on limiting risk and taking some profits netfish, toky, and maestro :) Profits are always nice.
-fous
still invested ??
cheers
O.
I'm stuck in VRDM, i hope they have some amazing PR soon.
I was fortunate enough to escape with a 46% gainer on this one. I don't understand the sell off in these ethanol stocks. There should be a future in this soon and they should make a comeback, but who knows when. South America can go ethanol and the US can't? Thanks Exxon, et al.... (http://mdteague.com/MoonRed)
I think a symetrical triangle is formimg...
there is someone that keeps on buying up close to EOB for the past two days:D
Looks like the 50 will be crossing the 200 soon too :P
time will tell.....
Cheers
B
Any take on whats going on.. still holding strong, no real reason to sell.
Does anyone have any opinions....
Thanks
B ???
I'm waiting for it to test the mid .20's again. Patience, patience, like a big cat stalking its prey.
Quote from: Lucas Scott on May 09, 2006, 02:30:22 AM
I'm waiting for it to test the mid .20's again. Patience, patience, like a big cat stalking its prey.
Wow. Back to .25ish?
That is a very tempting looking handle on the 1 year chart. What price would you guys consider a breakout (with volume) and would you trust it on a penny (I am new to penny stocks)?
The pivot point for the cup and handle would be ~ $0.41 I guess a breakout and close above this with high volume would be considered a confirmed breakout.....
B
Suppose you are already considering this news. ;)
jorgegr
INSEQ Announces Equity Conversion
Friday May 5, 10:47 am ET
NEW YORK--(BUSINESS WIRE)--May 5, 2006--INSEQ Corporation (OTC Bulletin Board: INSQ - News) today announced the reduction of its common shares outstanding by 3,000,000,000 shares due to the conversion by GreenShift Corporation (OTC Bulletin Board: GSHF - News) of its 80% stake in INSEQ into 1,000,000 shares new INSEQ Series D preferred stock.
The conversion will reduce INSEQ's common shares outstanding from 4,948,173,844 to 1,948,173,844 shares outstanding. Additional information on this conversion will be available in INSEQ's Form 8K filing which will be filed later today.
INSEQ also announced its intention to file a registration statement on Form S8 today for 600,000,000 common shares for issuance under INSEQ's 2006 Stock and Stock Option Plan.
INSEQ is 80% owned by GreenShift Corporation (OTC Bulletin Board: GSHF - News), a business development corporation whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.
Yes this is old news:p but thanx
B
this one is not over ;D nice hammer today and volume increases
I agree Ket. Not over. But I think it needs more time. Might be able to get a fill at .20 in the next couple weeks. I think the ethanol stocks will do what oil stocks did last year. They roared in early spring, then pulled back late spring and many thought the run was over, then mid-summer they went berserk.
The 3 US automakers are hitting up Washington this week to support ethanol /E85 fuel. They have invested in flexfuel vehicles that run on ethanol, but it is not widely available at the pump. Flexfuel vehicles can run on E85 or gasoline. If Congress announces more support I bet the ethanol stocks will rock again.
http://biz.yahoo.com/ap/060518/congress_automakers.html?.v=2
I agree... my exact sentiments this morning when I heard it on CNBC.... >:D
i got some...lets see