Those who know, know I have posted this type of chart here before. You know what to do next. ;D
I bought the shares at 1.33, it came in my search at yahoo... and Now Honors member endorsing it... I surely like my pick... :)
nice buy. hold on.
Saffey change your nickname to 10 bag penny picker or something ;) No history to go on as its a newbie, but volume increasing and stock advancing everyday with multiple white candles (it will pullback, but when?). I'm gonna look at the background of ROTB and see.
Cheers
Mike
I just put in for a large limit
[email protected]. Let it ride. This is the new LLLI.OB which went up to $4 in three days. Good luck everyone.
-See you in the 10 bagger club.
I hope so, LLLI gave most of it back as well, just a matter of getting on and then off at the right time. I'm still considering....
Mike
We are a development stage company formed to develop and market a new type of patented oscillating piston engine. The oscillating piston engine (OPE) weighs only a fraction of a conventional engine and requires no valves or valve train, nor a cumbersome water cooling system. However, despite its lighter weight, to date we have not yet perfected the technology or proven that the oscillating piston engine can function as well as a conventional engine.
We have acquired the prototype engine and certain rights to the patents from the inventor and engineering team through an Option Agreement that gives us the rights to further develop the engine to the point where it can successfully be marketed and sold. We do not currently own all of the intellectual property or patents related to the OPE and the underlying technology and the proceeds of our current offering will not provide us with enough capital to buy these intellectual property and patent rights. However, the Option Agreement also grants us the right to purchase the patents underlying the technology at any time on or before 18 or 36 months from the date of the initial payment of the $100,000 deposit (May 31, 2004) for $1,000,000, if within 18 months, or $1,500,000 if within 36 months. In addition, the option may be assigned or transferred to another party without the prior approval of the Optionor. During the term of the option, we have the exclusive right to manufacture and market all products covered by the patents. We are in the process of testing and improving on the patented design. However, the engine, which has not had a test run since 1995, has not been tested in a vehicle or other device; has experienced critical mechanical failures in the past; and may experience more failures in the future.
We are in the development stage; have not yet generated any revenues and have sustained a net loss of $291,301 since inception. Our business plans are to develop the technology and build a prototype engine that can be sublicensed or sold to third party manufacturers for amounts sufficient to generate the funds to purchase the patent rights subject of the option agreement; however, if we are unable to do so prior to the expiration date of the option, we would need to raise additional capital through loans or equity sales, or rely on receipt of the cash we would receive from exercise of any warrants sold in our current offering to exercise the option. In addition, based on our current development plans, we will not generate any revenues or profits over the next 12 months while we are completing and testing the engine and technology. Our auditors have expressed substantial doubt aboutour ability to continue as a going concern.
Our offices and testing laboratory are currently located at 1715 Cook Street, Suite 205 in Vancouver, B.C., Canada. Our fiscal year end is April 30.
THAT SHOULD SEND UP RED FLAGS.... new technology is exciting...but if the patent holders had the "real deal" in my opinion, they wouldn't have sold it for $1 Million or had it sitting around untested since 1995....
Trying ROTB but not getting a fill at the moment
Soon as I got in at 2.06, it started tumbling. What changed??? ???
In
[email protected], this is a wild one so I set my stop at 1.50. Are you joining us Aussie?
I got a fill around $2.00, will see what the day brings.
25% pulback at 2.10. expected. Moving back up.
Correcting today. Might consolidate or turn lower. Not buying the chart, not knowing the company. Good luck guys ! (this chart reminds me a lot of NAUC.PK), that I bought at $2.02 and sold 2 or 3 days later at $4.5 (then the stock plummeted to below $2 again).
But that had a speculative story behind, what's the story on ROTB.OB?
Thanks !
Oscillating Piston Engine.
This is their website. Give all details about this revolutionary new engine technology design. The engine is able to run on biofuels and hydrogen. It's a small engine, for boats, atv's, ski-d00, generators. The key is that these engines are very light, ecological, easy to fix and versitale as far as types of fuel uses. This will be very beneficial to countries like China and India.
www.rotoblock.com
30Mil. diluted shares. 75Mil common shares.
After a long decline or long black candlestick, a spinning top indicates weakness among the bears and a potential change or interruption in trend.
Hope you are right Saffey. I can use some help get my head above the water on this. ;D
Went down so quick I didn't get a chance to put a stop.
P
you can stiill put in a stop. I know its a very volitale stock. But it seems to have support at 1.70 as I followed the 5min. chart the past two days. I
[email protected]. I am in the same boat. No risk, no reward.
see you on Monday! ;D
Good luck guys.
That CandelStick it put out yesterday....Bearish Engulfing.
I take to heart some of those formations.
I do hope it bounces back for you guys.
Of course, now I have stop at 1.65. Don't want to loose more than I already have.
setravis, I am no expert on cnadles but I thought bearish engulfing is one where a white candle is covered completely by a red one, like thursday. Anyway we hope it bounces back too though. Thanks...
We'll find out on Moday.
Yeah Saffey I'll be there Monday ;D
P
Exactly Pete.
My reply was written on the 10th Friday night.
The big red candle you speak of was formed Thursday and
to he left is your white candle Wednesday's.
The big red one engulfed the white one.
But just because of that I was not implying that the stock was
going to drop like a rock in price.
In fact I hope it shoots to the moon for you guys, up up and away. ;)
My mistake Setravis. Got your point and thanks. 8)
2nd generation engine completed.
News today.
http://biz.yahoo.com/iw/050614/088680.html
This will rev. small engines. As an avid Vespa owner and rider. This is huge for people like me. Could start a major industry change. Esp. in China and India, where there are millions of scooters. Not to say the engine wont be used for other things, but from my own POV in its use. I like this as a strong Speculitive buy.
last three days, stock has been consolidating from its high of $2.10. Acting like a healthy stock. Sellers drying up. Closed
[email protected] today.
[email protected],
[email protected].
The hammer and inverted hammer form after a decline and are bullish reversal patterns.
Go Bulls. Keep a watch fellas. The spring is cocked and loaded.
Saffey is right this stock is ready to advance again, the 9ema provides a guiding line for now, look for vol and move to the last high of $2.10, if it can breach that then momentum will be back.
Mike
Holy moses, batman... 85c... hope you stuck to your stop losses... wow.
I had
[email protected]. I have never seen anything drop so fast. I learned a great lesson on this one. I had a gut feeling at the open that the stock was acting strange. I should have dumped it then, but I was paying attention to others that I wanted to sell. Luckily I only had 3% in. THe good thing is the market opens up again tomorrow and I'll make it up somewhere.
Hope everyone else had a stop on this. Bad pick, sorry about that folks???
Don't worry about it Saffey, I to have learned alot of lessons. I bought CTTY at 5.37 yesterday and sold after a 50% gain to only look at it later up 450%.
Yikes stopped watching ROTB, I offloaded couple days back at $1.90 or so, just seemed to me to be losing steam.
Mike
Hey guys and gals...
This is the the one that took of "rolling down hill like a snowball headed for hell !"
Could be in play...."For those brave at heart !"
Any thoughts from those that got hammered?
Maybe it found bottom?
Resistance @ 0.38....0.60...0.90....1.95
I can't find any support.
Technicals :
Record Volume
Percentage Gainer
Last Price Quote is:
0.73%above 13-day EMA
MACD is bullish
Stochastic is bullish
This news are from January 11:
Press Release Source: Rotoblock Corporation
Rotoblock Announces Engine Concept Validated
Wednesday January 11, 8:00 am ET
First Test Fire of OPE Engine
SANTA ROSA, CA--(MARKET WIRE)--Jan 11, 2006 -- Rotoblock Corporation (OTC BB:ROTB.OB - News) announced today that the OPE (Oscillating Piston Engine) has been started for the first time. The test plan called for what was originally termed "Single ignition event." The engines ran under its own power for a number of ignition cycles.
The first fully operational test run of OPE confirmed the soundness and validity of the overall design and served to verify the fundamental operational capability of the engine. All mechanical parts of OPE engine have performed as designed during the combustion process. After careful examination and analysis of the test data, Rotoblock Inc. will move to the next test phase. In this phase the engine will be run at higher rpm for longer durations.
About Rotoblock Corporation -- Rotoblock is focused on the continued development and improvement of the Oscillating Piston Engine to the state where its mechanical, ecological and economic viability leads to the profitable licensing of the manufacturer's rights to a proprietary patented design or a partnership for its manufacture. The company was incorporated in Nevada, is headquartered in Santa Rosa, California, and has its operating labs in Vancouver, Canada. The Company has full rights to the patents of the original Oscillating Piston Engine and believes the Rotoblock Oscillating Piston Engine has particular and useful applications in developing countries such as China and India and will be including these areas in the marketing and commercialization phase of this engine. Visit Rotoblock's corporate website for details about the company, technology, and regulatory filings. The address is: http://www.rotoblock.com.
Safe Harbor For Forward-Looking Statements -- Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Rotoblock Corporation has little or no control.
Breakout today !