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My current stock picks, plays, situations or thoughts:My current stock picks, plays, situations or thoughts:
slubberdegullion said: "I am currently very interested and excited about both BUGS and OCA. I have recently picked up positions in both of these US stocks.
Info. for BUGS:
The past 2 days of trading and the recent news make the future trading of BUGS look very promising. Their revenues have been growing very well recently also. A very strong niche play here IMO.
There could be a large short position on this stock. Just my guess from the 3 year charts, volume and pre-REG SHO grandfathering of all prior naked shorts.
Is .20 cents out of the question? Perhaps not. We'll see.
Here's some DD: (homepage) [url]http://www.bugsatwork.com/[/url]
[url]http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=bugs&sid=0&o_symb=bugs&freq=1&time=9[/url]
[url]http://stockcharts.com/def/servlet/SC.web?c=BUGS,uu[/url][w,a]dacayyay[df][pb50!b100][vc60][iUb14!Lc20]&pref=G
[url]http://finance.yahoo.com/q?s=BUGS.OB[/url]
And their most recent great news item:
U.S. Patent Office Grants New Patent for BUGS Carbon Reactivation Technology; Innovative Biotechnology Solution Aimed at $400 Million/year Market
THURSDAY, JUNE 16, 2005 9:25 AM
- BusinessWire
The link to Bugs most recent PR is here: http://bigcharts.marketwatch.com/news/articles.asp?guid={23550D7F-2E22-4FCE-B9FA-52F599710FBE}&newsid=836812624&symb=BUGS&sid=103644
_________________________________________________________________
OCA info.:
There's a tremendous amount of negative news out there now for OCA...and there is also a HUGE short position on this stock. 44% of the shares outstanding or 20.38 million shares were short OCA as of the middle of May, 2005 according to Yahoo Finance. Now, OCA has also been on the NYSE reg SHO naked short threshold list (for the past 2 days). This means the short position of OCA has most likely increased by another 250,000 shares or more. Do your DD and be prepared for more negative news. IMO...the shorters will be covering (they may be doing it now) under the cover of this negative news sh*t storm. IMO also, these shorters will do what ever they need or can do to cover their positions at as low a share price as possible. OCA's got shareholder lawsuits galore now. Bashers are also not averse to saying a co. will go bankrupt. I think all of this neg. stuff will pass and/or be settled. By that time, I expect the pps of of OCA to be quite a bit higher than it is now. At some point, all these short shares (three years worth it seems) will begin to cover. Then, this stock's pps should improve...A LOT.
It's funny...or rather it's sad IMO...that when Herb Greenberg writes a column and he mentions OCA (in a negative manner of course) it shows up as a news item on my Power E*trade market trader. What a joke!
In essence, Greenberg says folks will start blaming naked shorts for the pps decline. Well, in fact they can now. Also, with 44% of the total shares O/S short as of last month...with most likely many more shares short presently...it is absolutely true that shorting has made OCA's stock price decline a great deal and scared many OCA investors into selling. And all these first rate bashings from positions of authority have played a significant role too.
For me, this is a bottom play...a very strongly shorted stock that I'm betting will recover (and strongly IMO). All these class action suits puts even more pressure on this co. Which means to me that the pps may even be sold/shorted to an even lower price??? Is under a $1 or .80 cents possible??? Perhaps....(Did anyone see the trading for CPN the day it was halted because of bankruptcy rumors??? The CEO had to come out and release a PR saying the BK rumors were untrue. Even so, CPN had been on the NYSE naked short list for a long time. What a great way to get people to sell for fire-sale prices...by spreading a BK rumor. It worked. I think I saw 15-18 million shares trade in about 20 mins that day as the pps headed toward the $1.40 range. Yeah, who's the scammed and who's the scammer???)
Either way, I own some of OCA now and I'm prepared to follow it for a while or least until the pps turns around. Looks like another CPN, ACF, ATI, Stillwater Mining, AMZN, GLW and others play to me. The negative hype will most likely be greatest when the OCA shorts and naked shorts are covering their positions.
ps. OCA's on the NYSE's naked short list again (day 2)
[url]http://www.nyse.com/Frameset.html?displayPage=/threshold/[/url]
and CPN is still on it!
[url]http://bigcharts.marketwatch.com/quickchart/quick[/url]
chart.asp?symb=oca&sid=0&o_symb=oca&freq=1&time=9
[url]http://finance.yahoo.com/q/ks?s=OCA[/url]
[url]http://stockcharts.com/def/servlet/SC.web?c=OCA,uu[/url][w,a]dacayyay[df
plus...OCA's most recent PR addressing their current situation and what they are doing to solve it:
OCA Provides Update on Status of 2004 Annual Audit
TUESDAY, JUNE 07, 2005 9:03 AM
- BusinessWire
METAIRIE, La., Jun 07, 2005 (BUSINESS WIRE) -- OCA, Inc. (OCA) :
-- Anticipates Further Delay in Filing 2004 Form 10-K and First
Quarter Form 10-Q
-- Receives Waiver from Bank Lenders and Capital Infusion from
CEO
-- Engages Advisors to Assist in Discussions with Lenders
-- Expects to Restate Quarterly Financial Statements for 2004
-- Appoints Special Committee to Conduct Internal Review
the link is here: http://bigcharts.marketwatch.com/news/articles.asp?guid={E17BF8A1-02E1-424C-950C-AE8B58F227C0}&newsid=836363533&orig=&time=&symb=OCA&sid=1814905&source=htx\http2_mw"
slubberdegullion said: "I'm trying not be redundant, but anyway here are 2 important charts for both BUGS and OCA. I hope I did this correctly. Yes, this works well! :)"
slubberdegullion said: "Good day today for OCA! The reversal looks good.
BUGS had a fair day. support at .0180 cents resistance at .0230 cents.
A new stock to watch IMO is HIET....I picked some up today. Lots of good news here about their bomb detectors. They've been on the NASDAQ reg SHO naked threshold list for 103 consecutive days! Needless to say, there are likely still many shares short this stock. I think it will rally soon.
Here's some info for DD:
[url]http://stockcharts.com/def/servlet/SC.web?c=HIET,uu[/url][w,a]dacayyay[df][pb50!b100][vc60][iUb14!Lc20]&pref=G
[url]http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=hiet&sid=0&o_symb=hiet&freq=2&time=10[/url]
More on HIET later.
Good trading people!"
slubberdegullion said: "[B]OCA [/B] is still battling it out. But, it also still closed up again on good volume.
[B]SVSE[/B] had another a second strong day in a row. Looks like it's moving up on good oil and natural gas related news for itself. Plus, it is probably getting wrapped up in the buy binge for or and natural gas stocks now. Many folks seem to be turning to the junior or smaller (developing) oil and gas co's because the major ones have already had very fine runs. It is likely that with the price for oil and natural gas continuing to climb these stocks...or for the most part...all the stocks in these sectors will continue to do very well. For the junior companies, like SVSE...the rally is probably just starting.
[B]WLSF[/B] closed at or near it's high for the day. Better than average volume and it is very close to a resistance level of around .48 cents. Could break through and maybe close above this tomorrow. Chart looks good."
slubberdegullion said: "[B]WLSF[/B] closed up 30% today on 3x normal volume. It also closed just below it's resistance level of .61 cents. After .61 cents...the resistance levels that I see are: .71, .97, and $1.20...above this, it becomes anyone's guess. WLSF did hit $1.60 in early Dec. 2004.
I got out of [B]OCA[/B] today, because I can't figure out what it will do at this time. It seems like the trading is still being very strongly manipulated.
I still own some shares of [B]BUGS[/B]. It showed a little strength today on normal volume. I just want to be sure I have some shares of this...in case it takes off when I'm at work and not in front of this computer.
Not much happening with [B]HIET[/B]. Light volume and down a little...not a problem.
_____________________________________
Here's some new stuff:
I picked up some shares of [B]ETLT[/B] today. I can't figure why this stock is only trading around .22-.25 cents/share. If, I could do that I'd be buying more. Yeah, and the pps would probably be higher too. They're related. Even so, it really seems to me like this stock should be watched closely.
Also, here are two other risky (but, if your timing's good...usually better to wait until, they start to move and show real strength and buying interest...great news usually helps too.) stocks that have some signs or are around levels where they've bounced before. [B]BLYC[/B] and [B]USXP[/B]
I own around 2 million shares of BLYC at higher levels than where it's at now. I just won't buy any more until, I'm convinced a rally is occurring in this stock. That being said...there appears to be buying occurring at the .0010-.0011 cent level. That's why I think this should be watched.
And I decided to pick up some USXP today because, it might bounce off the .0030 level like it did before it's last rally. I also, may not be around (working ya know) when it starts it's next rally...so, I figured I'd take a chance and pick some up. I did. I saw some strength here today too. That's another reason why I bought. Regardless, I think USXP should be watched closely for the bottom of this cycle (will it be the last cycle that goes this low??? who knows...I don't) to be put in. When I think I've really seen it...I will post about it.
BLYC links:
[url]http://www.bentleycommerce.com/[/url]
[url]http://bentley.vbarter.com/catalog/[/url]"
slubberdegullion said: "Well, as I mentioned last week here: I thought BLYC should be watched...but, I didn't think anyone should buy until it's pps started to move...well it has! BLYC closed up 200% on Friday on volume of nearly 170 million shares traded. BLYC broke through and closed above both it's 50 DMA and it's 100 DMA on Friday. I'd been saying on other stock boards that I thought BLYC could have a short position on it of up to 100 million shares...it appears that I was correct. IMO, there may still be shorts who still need to cover...and cover they should. For IMO, BLYC is going to keep going up! There is a rumor that I bumped into that mentions that Bruce Kamm the CEO of Bentley Commerce Corp. may have completed a large corporate barter deal. That is a possibility. Mr. Kamm said that they were working on around 12 of these deals late last year/early this year...and that they do takes some time to complete. It is also possible that if they have completed another corporate barter deal (they have done 2 so far) they may get very close to being profitable...or at the very least this should greatly help their cash position. IMO...something is going on...or something has occurred. BLYC had been stuck in a range between .0010 and .0012 for about 3 weeks. MFI was positive and the volume was not very high. That caught my attention and made me post here. For it looked as though this stock was being accumulated and no longer sold/sold short or being sold by the co. itself. Well, it looks like many others thought the same thing...for either the shorts started to cover strongly and/or some buyers with deep pockets came in and started Friday's crazy...apparent short covering rally...and IMO stock reversal.
BLYC is long over due for the shorts to cover or go long BLYC. MOMO players should be showing up too. IBC radio show be cover all the action (Bentley is a sponsor of their show)...and many people/invetsors are aware of this company but, they wanted to see the stock price start going up before they got back in. They should be coming back now too.
Do your DD and consider the info and charts. Then, decide what you should do. I was able to pick up some more shares at just under .0030 cents on Friday. Barter is huge. Bentley IMO can be too. Judge for yourself. In any event...I think this will be a very good week for those hold BLYC shares. We shall see.
Trade smartly...and invest even smarter.
[URL=http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=blyc&sid=0&o_symb=blyc&freq=2&time=10]News, 3 yr chart and info for BLYC[/URL]"
slubberdegullion said: "BLYC should continue to have a very strong week. Today was an exceptionally strong and important trading day for BLYC. The rally looks confirmed (BLYC closed above it's 200 DMA for the first time since May-June 2004)...and very healthy!
Here are three other stocks that I also see strength in: ABRM, GSPG, and HSHL.
Hopefully, I'll have the DD and info. up for these 3 new picks very soon.
Trade smartly and invest even smarter."
slubberdegullion said: "I got into last week: (I believe most of them should being moving up soon, and some of them...most likely the non-speculative ones...should make good long term holds) [b]LPLHA, OGHC, MCHM, CGCP, FLIP, IFLB...and PCNH and BCIT as strong speculative gambles/plays.[/b]"
slubberdegullion said: "I like [B]ABRM[/B] and [B]CGHI[/B]. ABRM has lots of copper and it's getting lots of buying interest recently. CGHI looks like it may be bought out for more than $1/share. Check the recent news and take a look a recent CGHI valuation report:
[URL] http://www.centuriongold.com/pdf/CenturionGold-AvalonIntlGrp-ResearchSummary-FINAL.pdf[/URL]
Here are some links:
[URL]http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=abrm&sid=0&o_symb=abrm&freq=1&time=9[/URL]
[URL]http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=cghi&sid=0&o_symb=cghi&freq=1&time=9[/URL]"
slubberdegullion said: "This trend could continue tomorrow and next week. We shall see.
Here's some DD. info:
[URL]http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=ekwx&sid=0&o_symb=ekwx&freq=1&time=7[/URL]
[URL]http://finance.yahoo.com/q/bc?s=EKWX.PK&t=5d[/URL]"
lex said: "good buy in, takes a LITTLE TIME HOWEVER,M EXCELLENT PAYOFFS- GOOD CHIOCE IN STOCK.
GL"