L2 showed 4 MMs at .13 on the bid, so I'm guessing that should be our bottom. .17 & .20 will give us some trouble, and we'll likely bounce between .17 and .20 once it rebounds until volume picks up again.
Would be nice to see RSI bounce off of 30. Would like to see Williams %R turn up tomorrow as well. Parabolic SAR hasnt triggered buy yet, and MACD not likely to cross for a few more days.
This will likely trade sideways for 2-3 more days. This is the time to accumulate on the bid IMO. Especially if you guys are just flipping.
Disclosure: Long 180k shares (avg price .158)
Would be nice to see RSI bounce off of 30. Would like to see Williams %R turn up tomorrow as well. Parabolic SAR hasnt triggered buy yet, and MACD not likely to cross for a few more days.
This will likely trade sideways for 2-3 more days. This is the time to accumulate on the bid IMO. Especially if you guys are just flipping.
Disclosure: Long 180k shares (avg price .158)
Very possible. The latest MOR came out on Tuesday, and it looks good. Here's the juicies:
From Sept. MOR
Period Sept. 1 2009 to Sept. 30 2009
Total assets = $21,266,684,744
Total Liabilities = $8,135,598,918
Shareholder equity (net) $13,131,085,826
Net income (loss) = ($51,561,932)
*********
From Oct. MOR
Period Oct. 1, 2009 to Oct. 31, 2009
Total assets = $21,149,411,962
Total Liabilities = $8,154,798,837
Shareholder equity (net) $12,994,613,125
Net income (loss) = ($9,825,017)
Pretty much the same... We still have about 13 Billion in shareholder equity (freeking amazing)!
Net income is still in the hole but looking a lot better than prior months.
Lets see if .11 holds. .10 is possible and it is the 52-wk low. However, today's news brought in some new buyers ... but, folks are just sitting on their hands on this one. Bought quite a bit at .111/.112 as there has been an occassional seller at these prices so I've been buying 'em.
Not sure why this one goes unnoticed or if it's just the MMs fishing for shares until the volume comes back.
Hydro dam sale to be finalized and PRd a week from today. Lets see if that kicks this back into gear.
Canadian motion to extend stay (exclusivity) period unitl march 15 2010
http://documentcentre.eycan.com/eycm_library/Project%20Audi/English/Motion%20Materials/2009-12-08%20Motion%20for%20an%20Order%20Extending%20the%20Stay%20Period%20to%20March%2015,%202010/Motionfor3rdStayExtension8Dec2009ENG.pdf
9.It is currently expected that the MPCo (hydro Quebec) transaction will close December 9th
Lets hope it does. This was the reason we ran to .30 last time
http://documentcentre.eycan.com/eycm_library/Project%20Audi/English/Motion%20Materials/2009-12-08%20Motion%20for%20an%20Order%20Extending%20the%20Stay%20Period%20to%20March%2015,%202010/Motionfor3rdStayExtension8Dec2009ENG.pdf
9.It is currently expected that the MPCo (hydro Quebec) transaction will close December 9th
Lets hope it does. This was the reason we ran to .30 last time
Patience pays off again. Lets see if we can break resistance and hit new highs in coming days ... PR out:
AbitibiBowater Announces Closing of C$615 Million Sale for Company Interest in Manicouagan Power Company
http://finance.yahoo.com/news/AbitibiBowater-Announces-prnews-3968103643.html?x=0&.v=1
Lol, nope ... the market always gives you a 2nd chance.
This is one whacky Q ... amazed how this thing goes up and tanks back down. All the other Qs rally hard and hold their gains. Still trying to understand this one.
I think it's safe to say this won't rally hard until next year after all the tax-loss selling is done. I'm holding regardless, make or break on this one, but worth the gamble.
Expecting a big pop here. Steelhead is almost done selling, and once they've finally unloaded the rest of their shares, the MMs are going to let this explode violently IMO. They've been buying into this excessive selling and will be doing the same thing they did with the shares of JADA they bought at .33 with me.
The market is 3-dimensional, you have to realize there are multiple people involved in daily trading. Retail, Institutions, and Market-makers & Machines all mixed together, and they know who retail is, we just dont know who they are.
Anyway, keep an eye on this one and try to only buy under .11 on the bid. Although, this is looking ready to pop any day now. Dont get caught without shares.
The market is 3-dimensional, you have to realize there are multiple people involved in daily trading. Retail, Institutions, and Market-makers & Machines all mixed together, and they know who retail is, we just dont know who they are.
Anyway, keep an eye on this one and try to only buy under .11 on the bid. Although, this is looking ready to pop any day now. Dont get caught without shares.
