"Pinch Club" hosted by Rock Sexton - Page 528

Quote:

Originally Posted by binks 

CWTR

I'm not one to really trade these stocks that get beaten down into the pennies anymore.  However, that doesn't mean there might not be value for others.  The daily obviously features a sell climax that it hasn't seen in quite some time.  That 11+ million worth of seller exhaustion represents about 13% of the float coming free.  Accompanied by what's obviously a very steep pinch and lower volume post-climax, one should then take a look at the 60min.

DAILY

This lower fractal features an obvious double bottom.  There was a nice 600k stop volume on 6/25.  The current POC (Point of Control) is at .63 and once that 30ema & PIVOT are held, one would look for a reversion to the mean (i.e. POC) ....

60min

Another factor I think anyone looking to trade this should consider is that the book value per share is .76 so it's currently trading 30% UNDER book.  This kind of thing brings about value buyers and hell, look how much volume flushed at slightly under those levels.  Those shares changed hands.

Ultimately the stock is a complete dog on the weekly charts so any bounce must be treated with complete suspicion.  These are typically just momentary bear bounces as shorts cover for some profit after a flush.  I would set targets for .63 and .76 if that 60min chart hits the parameters I spoke of.

This company also received a notice of delisting or failure to satisfy a continued listing rule.

On June 14, 2012, Coldwater Creek Inc. (the "Company") received a letter from The NASDAQ Stock Market ("Nasdaq") indicating that the bid price of the Company's common stock for the last 30 consecutive business days had closed below the minimum $1.00 per share required for continued listing under Nasdaq Listing Rule 5550(a)(2). The Company has been provided an initial period of 180 calendar days, or until December 11, 2012, to regain compliance. The letter states that the Nasdaq staff will provide written notification that the Company has regained compliance if at any time before December 11, 2012, the bid price of the Company's common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days.

Quote:

Originally Posted by binks 

CWTR made a nice move after I posted it

 

70 cents now

almost 50%
 

Yup.  They got $65 million in new financing ..... on that day it gapped above the 60min 30ema and it was go time. 

Quote:

Originally Posted by nowwhat 

Hey I've been all over this one now for weeks.....have been liking it's increasing Volume

 

Today it's at .51 up .07 cents (15.9 %)

 

That list was from 2010.  Why are you even quoting it?

Quote:

Originally Posted by nowwhat 

 

Me I am liking MFC in here (also SLF).......

 

OMG !.....That post's from 2011nowwtf !......Why are you even quoting it ????.....

 

Uh......Just to piss you off ? Perhaps ? Just to get under your skin ?

 

Whatever. Just to show you that something which you at one time were watching,

Is currently springing to life.

Post about it in your "I don't trade, I just post blank charts" thread.  Nobody likes a troll.

Quote:

Originally Posted by binks 

Rock told my about FSLR a while ago then I forgot it had earnings just wanted to say amazing call rock.

Sucker hit 20.00's today, which is what my initial target was (max 25.00).

Quote:

Originally Posted by Rock Sexton 

 

Sucker hit 20.00's today, which is what my initial target was (max 25.00).

Booya ..... perfect rotation on the daily/weekly charts.  150ema on a daily is virtually the same thing as a 30ema on the weekly.  Anyone in my chat knows how much the action tends to respect those areas.  Once a short cover and breakout occur, supply is removed and MM's will begin to mark price up to the next level of known buyers (value areas).  This is an area where there was previously known "demand" as well as previous trapped buyers who will look to break even by selling.  Retail will also be chasing this move late.