Watchlist for October 4th: Not much

Nothing exciting on watch. Seriously. This time I’m not just being lazy; I found no exciting setups.

LVCA has a nice breakout on Friday but I don’t play OTC BB breakouts. It is a pump (see the comments for details).

lvca

DYAI also a pump I think, on short watch, although I think it has another big up day in it. (Thanks to Preston for bringing it up in the comments below. I added it to the watchlist in response to his comments.)

dyai

Here is a chart of GSAE for posterity.

gsae

Disclosure: No positions. I have a disclosure policy.

0 thoughts on “Watchlist for October 4th: Not much”

  1. DYAI (OTC) has run up on no news, could be a good short.
    FPBI looks intereting but the volume is low.
    There are several stocks that had good moves Friday but the volume was very low, I don’t know if that’s because of the overall market Friday or what.
    BIOF held above resistance Friday, could run higher.
    LOCM could be a good short tomorrow on weakness, or a buy on strength.

    1. LOCM had fake merger news last week, already broken out, and ADR not that big, so not interested.

      DYAI fun to watch, if the spread is tight I’d play it — buy on strength short on weakness.

  2. well, initially, i will eyeball this mofo from the bell. I would look to scalp an early morning shakedown on green/red.

    1. Dude whizzler, it is a buyout, like Preston says (and for pointing it out, Preston wins back the duck). Look at the news. The thing shouldn’t move. It came up on my screen but I didn’t mention it because it is a buyout.

  3. LVCA is a pump. Global Equity Report was paid $100k to pump it, I just got the email an hour ago.

    Our next HUGE pick is LVCA (Lake Victoria Mining). LVCA closed Friday at 1.03 on massive volume.

    We believe it’s our biggest mining play ever

    Now we have told you how we feel about Gold, it looks like it is on its way to new highs. With the US printing money like there is no tomorrow, there is no place to go for Gold but up.

    Now I want to tell you about a place where LVCA is mining. It’s about 25-30 miles away from an area called Bulyahula where Barrick Mining (ABX) has found proven gold reserves of over 20 million ounces. Take a look at Barrick, 7billion in revenue 30 billion dollar market cap. Now on this property, they are taking 550k ounces out per year at 1000 per ounce. Their cost is 560 per ounce. On this one property, they are making 250 million dollars per year in profits!!!

    Why am I telling you this? Well as I said the property that Lake Victoria owns and is currently drilling on is a huge property with openings on both sides. Initial projections are over 21 million ounces of gold possibly coming out of the ground on this property.

    Let me tell you what that could do for LVCA. The market cap is currently 68 million.

    Let’s say that I am drop dead wrong and LVCA does not have 21 million ounces, they only have 1 million. That would equate to a profit for the company of approximately 550 million dollars and could put the stock well over 5 dollars per share.

    Is it possible? Have you ever owned a mining company when they hit on a hole? I have and there is nothing like it!!

    We expect results shortly on their latest tests and I would not be surprised if we had amazing news.

    Now keep in mind that our last 2 mining alerts were CGCA (.49-1.98) & AMLM (.87-1.44)

    We feel LVCA could be bigger than both, we are going to have more info soon, but do your D D as soon as possible and get ready for a buying frenzy on Monday!!

    Global Equity Report

    Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment.
    *********************************************************
    The disclaimer is to be read and fully understood before using our
    site, or joining our email list.
    PLEASE NOTE WELL: The Globalequityreport.com employees are not Registered as an Investment Advisor in any jurisdiction whatsoever.
    Full disclaimer can be read at http://www.Globalequityreport.com/disclaimer.html

    Release of Liability: Through use of this website viewing or using you agree to hold Globalequityreport.com, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. Globalequityreport.com affiliates may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice which may negatively affect the market. We have been compensated one hundred thousand dollars for a one week investor awareness campaign on LVCA by a third party. The third party, may have shares and may liquidate it, which may negat ively affect the stock price. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Globalequityreport.com encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and Globalequityreport.com makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. Globalequityreport.com, nor any of its affiliates are not registered investment advisors or a broker dealers. None of the materials or advertisements herein constitute offers or solicitations to purchase or sell securities of the companies profiled herein and any decision to invest in any such company or other financial decisions should not be made based upon the information provide herei n. Instead Globalequityreport.com strongly urges you conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. Globalequityreport.com does not offer such advice or analysis, and Globalequityreport.com further urges you to consult your own independent tax, business, financial and investment advisors. Investing in micro-cap and growth securities is highly speculative and carries and extremely high degree of risk. It is possible that an investor’s investment may be lost or impaired due to the speculative nature of the companies profiled. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be “forward looking statemens”. Forward looking statemets are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks of uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statemens in this action may be identified through use of words such as “projects”, “foresee”, “expects”, “will”, “anticipates”, “estimates”, “believes”, “understands”, or that by statements indicating certain actions “may”, “could”, or “might” occur. Understand there is no guarantee past performance will be indicative of future results. In preparing this publication, Globalequityreport.com has relied upon information supplied by its customers, and press releases which it believes to be reliable; however, such reliability cannot be guaranteed. Investors should not rely on the information contained in this website. Rather, investors should use the information contained in this website as a starting point for doing addition al independent research on the featured companies. The advertisements in this website are believed to be reliable, however, Globalequityreport.com and its owners, affiliates, subsidiaries, officers, directors, representatives and agents disclaim any liability as to the completeness or accuracy of the information contained in any advertisement and for any omissions of materials facts from such advertisement. Globalequityreport.com is not responsible for any claims made by the companies advertised herein.

  4. Stupid question from a newbie, and I have been reading through your site and signed up for sykes site and ordered the dvds (linked from you reaper so enjoy the referrals).

    On LVCA I would assume that you could look to buy early and catch it on the rise, dump it for profit and then sell extra short if it is available? What would be the trigger that would make you buy on an anticipated breakout? (Like I said stupid question perhaps and if already answered elsewhere just point me to the post.) Thanks for patience and understanding

    1. The first thing I would say is buying pump is dangerous! Only experienced traders should even try. The big trigger for me is buying when it is above the previous day’s close (green on day) or shorting when it goes red on the day. I try to avoid playing stocks that gap up or down a bunch.

  5. Also, LVCA was already a nice breakout Friday. But the only question now is how good the pump will be. It could run a lot or a little or not at all.

  6. Yay for the duck.
    LVCA could run much higher if the pump catches on, it’s chart looks good for a continued breakout.

    Question; When dealing with pumps do the chart technicals still matter ( round number, support/resistance), or because of influences unknown does it blow the technicals out?

    1. Preston

      Last year I linked an academic paper on my blog that drew an extremely strong correlation between the end of the publication of the Pumped material and the stock tanking.

      Basically once the pump stops the stock crashes within 2-3 days, charts be d@mned.

  7. I did see the breakout on Friday’s chart, just trying to figure out this in a relatively pain free way. Also unfortunately for now I am somewhat limited by being a Schwab client (I know they suck) but the transfer process is not complete yet, so shorting anything that is not abundantly available is tough.

    Thanks for the insight and I will try and ensure that I keep my spelling accurate as I interact on the site, as I saw on one your posts that it is a pet peeve of yours.

  8. CMIN.OB had both it’s CEO and President both suddenly resign
    but its already tanked

    http://incakolanews.blogspot.com/2009/10/constitution-mining-cminob-this-is-of.html

    Sometimes the best plays are the ones you don’t make. It does seem like the best traders know when not to trade as well as what to trade.

    if you want some reading to add to your plethora of info on why retail trading is tough if you are not trading tmr..
    http://ftalphaville.ft.com/blog/2009/09/30/74846/why-day-traders-will-never-win-chicago-pmi-edition/

    In any event enjoy your day off Reaper!

  9. That comment was after several comments had already came out. I walked away from my computer for a few minutes and didn’t refresh my screen.

    1. Hmm, the duck is metaphorical, although anyone who holds the duck for a week can call me on it and I will send them a rubber duck in the mail. It is ‘given’ to those who show great prowess in trading or great insight. I will add info on it to the FAQ.

  10. I have no excuse.
    TPIV could run nicely if it’s a good pump, there is a little resistance ahead and their volume is very low.

  11. VG, AVII both have choppy charts but they are trying to break out this morning. VG has news, I can’t find anything on AVII yet

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