SUF - Sector: Basic Materials --- Industry: Independent Oil & Gas

[ScottishTrader]

Nice ascending triangle breakout on the intraday chart today - bought in at 8.70 - I think this bounce has got a good bit more in the tank yet.  I agree that people overeacted to the Barron's article - over 35% gain from yesterday's low so far.  Not sure how long I will hold this one at present, need to do a bit more analysis yet.  Will leave you with the intraday chart.

By the way dyc100 - can't blame you for the pick - the chart up till then was simply astounding, and there was no way you could know this would happen - hey, last month I wa dead last on the stock picking contest with EGHT, for totally different reasons, but after all, it's only a game  

[dyc100]

Nice ascending triangle breakout on the intraday chart today - bought in at 8.70 - I think this bounce has got a good bit more in the tank yet.  I agree that people overeacted to the Barron's article - over 35% gain from yesterday's low so far.  Not sure how long I will hold this one at present, need to do a bit more analysis yet.  Will leave you with the intraday chart.

By the way dyc100 - can't blame you for the pick - the chart up till then was simply astounding, and there was no way you could know this would happen - hey, last month I wa dead last on the stock picking contest with EGHT, for totally different reasons, but after all, it's only a game  

Hey ScottishTrader, its all cool mate!
I knew that I should have get another pick on monday morning after I checked out the SUF yahoo site and only to see that barron didn't like SUF's ascending chart,lol!  only to find out that hehe, maybe da big boys are in da work as well
So I decided that I am just going to keep my pick even if it meant a gap down which it did and more!  Well, I kno that it is going to be quite volatile from that point, so sell order is definitely out of question for me
Hey thanks for the intraday chart update, I agree with that it still got lots of potential since it only take rumors to tank it down 80%, well, speculations and actual PRs, I really don't want to miss that for sure
Yea, it is totally suck being alone at the bottom of contest right now, but it is still too early to tell anyway, so we'll keep our promise and see if it was a total manipulation or just price correction!  Good luck to you and thanks for your chart!

[dyc100]

 
As we are speaking another ascending triangle just broke out of 9.3 intraday!
Looks good from here!

[ScottishTrader]

yep, they are stacking - I think this could gap over $10 overnight

We'll see - currently pushing new highs - I only wish I had jumped in yesterday when I was watching all the crazy volatile action!!

[dyc100]

yep, they are stacking - I think this could gap over $10 overnight

We'll see - currently pushing new highs - I only wish I had jumped in yesterday when I was watching all the crazy volatile action!!

Well, another good day for SUF!  21%
It will be interesting tomorrow tho, not sure about gap over $10, but it WILL eventually be there before the contest is over !
It is all good, late day price action pull back to retest its 9.3 new support, and rally from that point on again, I would say it still has tank for more!

[ScottishTrader]

Well a nice day on SUF, that's for sure.  Lots of others but I think this is a very nice short term play.

SUF topped out at the resistance at 9.8 - 9.85, and I will be watching for signals that it may fail to break this level and pull back tomorrow.  However, if 9.80-10.00 is broken, I think a run up to the 61.8% fib is a good first target, at around 11.65-11.70.   it may even have more legs than that - 50% Fib is at 13.20.  I like the low institutional buying - I know it smacks of outright market manipulation, but at least it is suggesting there should be strong upward momentum from here.

[ScottishTrader]

OK, a little more TA on SUF - from the last few day's action, I think SUF's price movement matches Calven's exhausted selling model quite well:

http://www.3stocksonfire.org/trading/index.php?topic=3555.0

The 15 min chart shows the clear downward bounces, with the volume spike associated with the first low.  While the second low actually came in below this level, it showed lower volume than the first spike, as expected.  The 21 MA fits the pattern very well, with breakdowns off each touch in the descen ding phase.  Once the price action broke through the descending trendline and the 21MA, it pulled back again to test both and started its upward move.

The price action at the end of the day was strong, but bounced off resistance at 9.80, very close to the low on the 23rd.  It then dropped as low as 9.30, touching the 21MA again (on this 15 min chart) before closing fairly strongly at 9.60.  If it breaks through 9.80 today and upp above 10.00, it may run right through 10 and start pushing at next short term resistance - either the 61.8% fib at 11.60, or possibly next key short term resistance at 12.60.

I plan to take big profits around there maybe taking partial profits if it looks to have legs beyond 11.60, and if it fails to break and looks set to move below 9.30, will sell for a small profit there.

[setravis]

Press Release Source: SulphCo, Inc.


SulphCo Sonocracking(TM) Technology - the Facts
Tuesday January 24, 9:40 am ET


NEW YORK, Jan. 24 /PRNewswire-FirstCall/ -- After close consultation with other members of the Board of Directors of SulphCo, Inc., (Amex: SUF - News) Robert H.C. van Maasdijk feels compelled to respond to the article in Barron's Magazine over the weekend as, in his opinion, the article is materially misleading regarding the company, its management and its technology. In response, Mr. van Maasdijk has decided to focus exclusively on his assessment of the Sonocracking(TM) technology, and in particular, test results furnished not only by SulphCo, but also those produced by one of the leading oil companies in the Middle East, a company which has tested the Sonocracking technology at the facilities during the entire month of December 2005. In the opinion of Mr. van Maasdijk, these results indicate that the Sonocracking technology developed by SulphCo will not only reduce sulphur and nitrogen content in processed crude, but more importantly, will substantially increase the yield of light distillates.


SulphCo has previously stated that its technology will increase the API gravity by 6 to 11 points, depending on the quality of the crude processed (light, medium or heavy). These test results confirm that, in volume terms, Sonocracking can yield between 20% to 50% more light oil per barrel, depending on the grade of crude processed. In dollar terms, this can mean an uplift of between $5 and $10 per barrel.

Sonocracking technology has minimal operating costs and is adaptable to both upstream and downstream applications.

SulphCo will install, by the beginning of June 2006, its first 210,000 barrels of Sonocracking capacity (seven 30,000 barrels per units) in Fujairah. The equipment will be manufactured by NTG Technology in Germany, following which 300,000 barrels of additional capacity will be installed in the following months. It is the opinion of NTG that once the seven units of 30,000 barrels each have been installed, an accelerated rollout is anticipated.

Last but not least, SulphCo is in the final stages of negotiations with several oil producing nations and companies, as has been stated before. As a consequence, the Board of SulphCo is fully focused on the rollout of the Sonocracking equipment.

About SulphCo, Inc.

SulphCo has developed a patented safe and economic process employing ultrasound technology to desulfurize and hydrogenate crude oil and other oil related products. The company's technology upgrades sour heavy crude oils into sweeter, lighter crudes, producing more gallons of usable oil per barrel.

From time to time, the company may issue forward-looking statements, which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as actual results could differ and any forward-looking statements should be considered accordingly.

--------------------------------------------------------------------------------
Source: SulphCo, Inc.

[dyc100]

OK, a little more TA on SUF - from the last few day's action, I think SUF's price movement matches Calven's exhausted selling model quite well:

http://www.3stocksonfire.org/trading/index.php?topic=3555.0

The 15 min chart shows the clear downward bounces, with the volume spike associated with the first low.  While the second low actually came in below this level, it showed lower volume than the first spike, as expected.  The 21 MA fits the pattern very well, with breakdowns off each touch in the descen ding phase.  Once the price action broke through the descending trendline and the 21MA, it pulled back again to test both and started its upward move.

The price action at the end of the day was strong, but bounced off resistance at 9.80, very close to the low on the 23rd.  It then dropped as low as 9.30, touching the 21MA again (on this 15 min chart) before closing fairly strongly at 9.60.  If it breaks through 9.80 today and upp above 10.00, it may run right through 10 and start pushing at next short term resistance - either the 61.8% fib at 11.60, or possibly next key short term resistance at 12.60.

I plan to take big profits around there maybe taking partial profits if it looks to have legs beyond 11.60, and if it fails to break and looks set to move below 9.30, will sell for a small profit there.

Thanks scottish trader for your awsome TA!  You works are well rewarded!
You were right, SUF did gap over $10 on the open and going on and on continuing to make its trend valid for now a rock solid gainer!
Anyway, I think that the price was totally manipulated by barrons and investors were too quick and too dramatic to realize their profit at risk.
I think that by the end of the$1000 contest, the gap is very likely to be filled with few extra more!
Good day to all!

[ScottishTrader]

SUF looks to be breaking down - Descending triangle above $11 broke to the downside, and it looks to be respecting the descending triangle for now.  Also note the 13 EMA (on the 5 min chart).  I'm out for now, will look for a new position possibly later today when it gives a reveersal signal.

[ScottishTrader]

Bought back in on the break of the descending trend @ 10.55.

Lets see how things go on Monday

[dyc100]

O My
Well, I entered this cat a bit too early for da $1000 contest;)
Looks like this cat has been heavily manipulated by da big dawgs, before the REAL NEWS break out!!!
With this non sense rumor came out of no where "RPT-Investors wait for SulphCo to deliver-Barron's" last sunday paid by big institutions to mislead investors so that they can load up tons cheaper???
Well, their action always prevail and just look at the drops after that rumor and now look at the fact from the news:
http://www.kolotv.com/news/features/6/2047297.html
http://biz.yahoo.com/prnews/060124/nytu131.html?.v=43
That explains why da company insiders were all silent about it, even with two days of huge drop in its stock prices.
So my pick still strongly stands, for as long as it is a highly volatile cat, I will not sell until I see a 100% shoot up, price target $21-22,lol!

HMMM....after that barron's talk about...
"The newspaper said in its Jan. 23 edition that investors could lose patience unless the company can soon prove its "Sonocracking" ultrasound oil production technology is able to turn sulfur-sour crude into a sweeter intermediate-grade oil worth much more per barrel."
Well, it came to this...
http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?t=SUF&range=7&mgp=0&hdate=&hdate=&x=12&y=15
Just to show how desperate da big boys willing to do to get what they want by misleading in their favor,lol!
Afterall, we all are in da same boat have to ride this wave, aren't we?

Another great day for SUF, up 16%!

Looks like SUF was indeed been manipulated!

Still doubting at SulphCo's technology after reading the manipulative article from Barron and smartmoney.com?
Well, no more, afterall it proves to be the successive acts from da big boys!
Here is the link to SUF's PR:
SulphCo Places Order With Makisches Werk for Ultrasonic Equipment to Install in UAE
http://biz.yahoo.com/prnews/060202/nyth175.html?.v=25

Now, going back to Barron's article and re-read the statement that had me confusing:
"The newspaper said in its Jan. 23 edition that investors could lose patience unless the company can soon prove its "Sonocracking" ultrasound oil production technology is able to turn sulfur-sour crude into a sweeter intermediate-grade oil worth much more per barrel."

[dyc100]

SUF 3 month gap filling chart or should we say it shouldn't have in the first place!
But all I know is that my chance of winning the $1000 contest isn't out of reach!
BTW, thanks Barron for your attention, just look at the rising volumes!

[setravis]

Press Release Source: SulphCo, Inc.


SulphCo Places Order With Makisches Werk for Ultrasonic Equipment to Install in UAE
Thursday February 2, 3:11 pm ET


SPARKS, Nev., Feb. 2 /PRNewswire-FirstCall/ -- SulphCo, Inc. (Amex: SUF - News) announced that the company had placed an order with its equipment manufacturing partner Makisches Werk GmbH (MWH) for the manufacture of 60 ultrasonic probes. A major component of SulphCo's Sonocracking(TM) units, the equipment will be used in the assembly and installation of SulphCo's ultrasound processing plant for Fujairah Oil Technology, LLC, SulphCo's joint venture company in the United Arab Emirates.


"We are thrilled about this first commercial order. Not only does it represent good business for us, more importantly it represents a level of acceptance of this new technology," said Edward Urquhart, managing director of Makisches Werk. "This signal is the first step in the process of transforming SulphCo's technology from prototype to commercial status. We at MWH will continue to do everything possible from the manufacturing side to assist SulphCo in their efforts to commercialize Sonocracking."

According to Peter Gunnerman, SulphCo president, the company anticipates that the plant, with seven ultrasound units capable of processing a total 210,000 barrels of oil a day, will be operational by the end of June. SulphCo's high-powered ultrasound process upgrades heavy sour crude oils into lighter sweeter crudes by increasing gravity and reducing sulfur, nitrogen and viscosity.

"Tests show that Sonocracking reduces sulfur by 30 to 50 percent, depending on the grade of crude processed. Refiners can realize additional revenues with the efficiencies produced by our technology. Compared to the conventional hydrodesulfurization process (HDS), the capital cost of the ultrasound plant and equipment is extremely low, with a rapid return on investment," Gunnerman said.

Gunnerman said SulphCo's ultrasound plant in Fujairah will have a per barrel throughput cost of between $0.18 and $0.20 per barrel. The capital cost and production costs are fractions of current refinery equipment, he said.

About SulphCo, Inc.

SulphCo has developed a patented safe and economic process employing ultrasound technology to desulfurize and hydrogenate crude oil and other oil related products. The company's technology upgrades sour heavy crude oils into sweeter, lighter crudes, producing more gallons of usable oil per barrel.

From time to time, the company may issue forward-looking statements, which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as actual results could differ and any forward-looking statements should be considered accordingly.

--------------------------------------------------------------------------------
Source: SulphCo, Inc.

[setravis]

News on Equipment !
SUF news is a big deal. Validates the technology, because if sonocracking didn't work, they would not be placing orders for building the equipment. This is the crucial issue in the stock"

Already in very long and I believe in Technology. IMHO.

Up in the after hours, been as high as $9.99
Support @ $6.82...6.00
Resistance @ $9.86...11.56...13.16

Technicals
Stochastic is Bullish
Most Actives
Percentage Gainer

Last Price Quote is:
-11.33%below 13-day EMA
Closed just below the 50-day EMA