3SOF

Hopefully, the Master Distribution Agreement does not cut the profit margin.
Having bought 3 years ago at 34, and hidden under the bedclothes with the  lights off at 7 cents,  I have to say; I am less concerned about profit margins. 100% of nothing is nothing. I respectfully suggest that a better focus would be on the very high likelihood that we are getting one of the greatest hucksters of all time (Coke) to distribute our product. If Mgt can achieve that, from the depths of despair at 10 cents, earlier this year - I trust them to protect their profit margins. Fox.

  well Don I do have VISA but I don't think 3stocksonfire is taking Credit card right now except thru PAYPAL and I have a dispute with PAYPAL right now so I don't want to use it. That's all.

I also have problems with Paypal (their customer service doesnt even answer claims)
Wish to make donations and would appreciate alternatives. Can I pay with my
Golden American Express credit card???
jorgegr

Quote from: jorgegr on August 25, 2005, 12:29:37 PM
I also have problems with Paypal (their customer service doesnt even answer claims)
Wish to make donations and would appreciate alternatives. Can I pay with my
Golden American Express credit card???
jorgegr

We are studing some PayPal alternatives for those who don't want to use Paypal.

Just give us a few days

Thanks !

Watching it tick up on very light volume orders.

Yesterday, a similar pattern at this time and then a 1.2 Million Sell hit the board.
We will see.

Fill The Gap,

Saying Bravo! ramped up from the .09 range on the rumor of COKE wont make you unpopular, just incorrect.  Unless you are talking about the day or two before the announcement.

It's always nice to have different perspectives. I thank fillthegap for that.

Anyway, if BRVO hits the $1 level again ... My donation on the way for 3SOF 

Watching it tick up on very light volume orders. Fillthegap, your posts are always informed. So, that provides a counterweight to the irrational exuberance that comes visiting, sometimes. Your comments provide food for debate. Please continue to post, as you see it. Yesterday, I can see no dicernable pattern, other than the stock dropped from a daily high to a daily low, in a half hour, on small volume trades. Do you expect a specific pattern to emerge, before the S/P tests the range you suggest? Like, what will show the way ahead to the 50 cent level? There may be others like me, who will sell other stock at a loss, to provide cash for such a buying opportunity. Obviously, I am loath to do so, if there a buying opportunity does not arise. So, your thoughts would be appreciated, much. Fox.

Quote from: Terlisa on August 26, 2005, 12:49:36 AM
Anyway, if BRVO hits the $1 level again ... My donation on the way for 3SOF 

Lol, it looks like BRVO.OB is and will continue to be a major contributor to 3 SOF  Thanks Terlisa, it's almost a sure thing 

But I don't know if it will be fast or slow ... it should rise fast, after this correction to the 61.8% Fibonacci retracement level, given the fundamental developments. The problem might be that now there's a lot of resistance around the $0.80-$0.83 level, and that will probably put a cap on any short term advance phase.

We probably need strong fundamental numbers in the coming weeks and months for BRVO.OB to break that resistance area. I believe that if we get a close above $0.83 it's easy to predict we'll see new highs above $1.40 in the future. $1 has no technical significance. $0.80-$0.83 is the key level.

On the downside, fill-the-gap might be right, the stock may come down to test the lows on the mid $0.50's, but that doesn't bother me, anyone trading this stock will miss the big move up that's coming.

Don,

Thank you for the kind post.

Just my opinion, but here goes.

People are waiting to see the details of the Master Distribution Agreement.  Uncertaintly of why Coke went from future 51% shareholder to now 10% warrants.  Did they see something that was not positive ?  Or did BRVO change the deal based on not needing Coke to control the company, thus benefiting BRVO ?  Maybe BRVO does not need Coke.  BRVO seems to be doing well distributing, so hoping the latter is true.  How much of the big move in price was from a leak of anticipating a Coke deal ?  I am daytrading BRVO at times.  Personal opinion is to wait and see how the deal turns out.  David may be right.  If it all is okay, it will go to the 80-83 resistance and then see.  But I will not take a position until more is known.  Too much uncertainty.  5-6 cent drop is 10% loss.  That drop from over $ 1.00 and then 80 cents was harsh.  People now need 100% to get back.

Doubt I helped at all.  Just an opinion.   
-Jeff-

Quote from: fill_the_gap on August 26, 2005, 08:09:51 AM
Doubt I helped at all.  Just an opinion.   
-Jeff-

I think it's helpful to present differing opinions.  I applauded your post yesterday, and I applaud this forum for being a place where people present their opinions and analysis in a polite manner, and treat each other with respect.

QuotePersonal opinion is to wait and see how the deal turns out.  David may be right.  If it all is okay, it will go to the 80-83 resistance and then see.  But I will not take a position until more is known.  Too much uncertainty.  5-6 cent drop is 10% loss.  That drop from over $ 1.00 and then 80 cents was harsh.  People now need 100% to get back.

We've had alot of news on BRVO since my last post on it on it a month ago.  At that time,  the chart looked bearish.  Primarily:

1. Two Bearish Engulfing Patterns on the two heaviest volume days.
2. Broken Bear Channel

Since then, we had a rally back into the Bear Channel, which ended in a Bearish Evening Doji Star Pattern.  I redrew the bottom of the Bear Channel to include all of the trading to that point, and that Bear Channel also broke to the downside.  Then we got the gap down, confirming the bearishness in the chart.

As it stands, this chart is acting bearish, and as David has said in the past, things like, "averaging down when the stock hit $1.00," or, "averaging down when the stock gapped down to $0.60" are the kinds of things that you're sorry to see get rewarded, because over the long-term, it's a losing strategy, and people who do it are going to get hurt.  Sometimes badly.

Many of you will remember the poster here who almost relentlessly posted things like "YOU'LL NEVER SEE BRVO BELOW $1.00...LOAD THE BOAT...BUY IT NOW!!!"  Much to our collective relief, Frederick banished him.  When you see that type of thing on internet boards, more often than not, the person posting it is a disaster waiting to happen.  We've seen BRVO go well below $1.00.

David has two nice gains in BRVO, so let's recognize that his circumstance here buying BRVO is very different from someone who has a big loss in it from above $1.00, and who is "averaging down."  David has done a nice job with this stock, and he's not doing anything like that.

Bottom line: be careful with this one.  I have no prediction or opinion about what it's going to do, and I have no position in it.  But, I will say again that, as it stands, the chart is bearish, there is no horizontal support below here due to the parabolic nature of the rally to $1.42, and because of that, the "parabolic return" still is IN PLAY.   

Good luck to those who are long.

Quote

Quote

Melf, great chart work! Me, Im a T/A newby, fundamentals oldie. How do I reconcile the two?
I was certainly happy to see the S/P close the week above my cost. But, I have no trading profits since I started following this thread. You're so sure, I'm so sure.... I'm just plain too loaded with projects to prepare a fundamentalist's response (other than the Preacher's latest classic 'take him out') . Any fundamentals follower out there wililng to give us a recap? I need, no wish, to trade this thing to keep lowering my ave. cost. Don.

Quote from: don on August 28, 2005, 11:29:37 AM
Im a T/A newby, fundamentals oldie. How do I reconcile the two?

Don,

I would suggest looking at the chart to see if it's confirming the fundamentals.  If it isn't, I'd be a little bit suspicious about the fundamentals.

QuoteYou're so sure, I'm so sure....

The only thing that I was sure of a month ago when we discussed BRVO's chart was:

1. It had put in TWO Bearish Engulfing Patterns, and both were on the two heaviest volume days since the parabolic rally began.

2. It was trading in a Bear Channel, which it appeared to have broken to the downside.

That doesn't mean that I was sure about what it was going to do next.  I wasn't.  I'm never sure about anything that's going to happen in the future.  I only was sure that I didn't want to own a stock that was acting bearish, no matter how good the fundamentals might look.

QuoteI need, no wish, to trade this thing to keep lowering my ave. cost.

I never would tell anyone how to trade, Don, and BRVO could go to the moon, but I would suggest reconsidering that strategy.  I'll give you an example why.

Two years ago, in August, 2003, Krispy Kreme (KKD) was trading at $50.  Terrific growth story.  It always beat earnings by a penny.  When KKD gapped down, it "looked like a bargain" to some.  On subsequent gaps down, it looked like even more of a bargain.

Here's what shareholders didn't know two years ago, when KKD was in the mid-$40s, when the fundamentals still looked good:

Krispy Kreme to restate 2001-04
Inquiry uncovers 'attempt to manage earnings'    
   
By William Spain, MarketWatch
Last Update: 4:31 PM ET Aug. 10, 2005     
   
CHICAGO (MarketWatch) -- An "attempt to manage earnings" by former executives of Krispy Kreme led to widespread accounting errors and will lead the doughnut chain to restate profits for 2001 through 2004 -- even as its business continues to deteriorate -- according to the findings of an internal probe.

Early Wednesday, Krispy Kreme (KKD: news, chart, profile) said a committee formed to investigate accounting problems found that the "story is one of a newly public company, experiencing rapid growth, that failed to meet its accounting and financial reporting obligations to its shareholders and the public."

Here's what happened to the stock over the past two years, and to shareholders who averaged down in a stock that was acting bearish:

   
   

Thanks for your analysis and different points of view, it's always wise to be aware of the risks involved in stock trading. I believe BRVO.OB has attractive fundamentals and technically I see a correction to an overall long term bullish trend. But nothing is 100% sure.

As I see it, very simply, people who bought on the CCE deal news were wrong and now they were wrong again when they sold based on the fact that the deal failed to materialize. So, at least a reversion to the mean is in cards.

I'm reconsidering $0.80-$0.83 as the significant technical level to work as resistance. The prior head and shoulders pattern is so pronounced and perfect that a retest to the neckline is the big technical barrier to BRVO's fundamentally backed expected advance.

I'm bullish long term on BRVO.OB but I'm no long term investor. 3 Stocks on Fire has a trading spirit. So, here's my plan to trade BRVO.OB:

1) Sell with a profit if the stock touches, not the $0.80-$0.83 horizontal level, but the neckline of the H&S pattern, which on Monday's session will stand at $0.90.
2) Re-evaluate the situation then and possibly buy back the stock later.
3) Wouldn't like to see the stock close below the 61.8% Fibonacci retracement level, at $0.62, but won't sell anyway.

The fundamental risk, one might think, is that CCE found something that it didn't like on BRVO. I don't think that was the case, the principal factor for the CCE deal probably was BRVO's products and those are intact. Besides, they will probably still take a 10% interest in the company, so that theory doesn't make much sense to me.

Perhaps the market action was able to convince BRVO's management that the deal was no good and that it would be better if they continue as an independent company, there's a lot more room to grow this way. Issuing and selling all those shares to CCE at $0.16 was nonsense.

We'll see, in the meantime I have a 13% open profit on this trade, letting the profits run is the correct attitude.