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Registered User
Joined: 7/13/2005
Posts: 7
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This stock is my favorite stock since last two weeks. It has been sky rocketing since last few weeks...
As you know, if the stock is moving forward like anything, somebody has to do something to bring down the momentum. Barron's posted an article on Friday's circular about this stock. They said that investor won't invest untill SUF proves its technology...
However, there is also an exciting thing for this stock. The president of this company SulPhCo Inc. will be interviewed on Monday between 10AM to 12.00.
People are saying negative thing sbaout the stock after looking at Barron's article.
I know this forum is a serious people and I would like to know more about it , what will likely to be happen to this stock.
Please post your ideas as they are extremely valueable to me.
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Registered User
Joined: 12/8/2004
Posts: 1,301
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It's tough to know anything about an ipo. Normally the original offering price is much higher than the company is worth. It had a 5 dollar offering. I forget the percentage, but it is in the 80% range, and it says all ipo's will be lower than their offering price after the first year. What happens inbetween? Your guess is as good as anyones.
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Registered User
Joined: 12/2/2004
Posts: 1,775
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Good news, bad news, excitement, whatever; just from a simple techincal condition I'd stay away from it. This thing has gone up something like 500% in less than 3 months. And it's not unusual for it to jiggle around in a 25% range intraday. I fall back once again on the elementary tactic for wanting in on a high flyer...wait for a significant pullback.
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 Platinum Customer
Joined: 3/29/2005
Posts: 16
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 I have to be honest,I was going to try to scalp a little off this,almost did but that steep long trend kept me out. Being pessimistic by nature, I left it alone,wheeww what a bloodletting!!!!
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Registered User
Joined: 12/8/2004
Posts: 1,301
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It was never a question of if this stock would plummet, it was only a question of when.
Gambling is gambling, and purchasing this would have been gambling.
Since the stock opened at 9.79, I would imagine there weren't too many people that got of the stock near their stops.
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Registered User
Joined: 3/7/2005
Posts: 148
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pap71, i hope you did not get hurt too bad on this one
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Registered User
Joined: 10/7/2004
Posts: 2,126
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Pap, it is in an sector that will continue to go up. Look at articles that I have posted previously about the oil industry. This is a backfire door for the middle east, a plus for China, whose debt is almost non existent, and a drag for the US. Oil is a commodity that is higuer on demand and lower in supply every day that goes by - that is the key, and is not going to change.
About your little SUF, in the oil industry the players are well established, I think the will level out the playfield for this one.
I would look at much better established oil companies with a proven record if you are a long term investor who stay away from too much risk.
If you are like those in my race, go for it. Volatility brings opportuninity. You get pay for taking risks. Risk is directly proportional to the Reward/loss.
and for God sake stop asking for predictions nobody knows.
Good luck
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Registered User
Joined: 12/8/2004
Posts: 1,301
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One thing is for sure,it is the perfect daytrader type of stock. Large swings. I watched some of the trade action today, and you could tell people were shorting it and buying it all day long.
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Registered User
Joined: 12/8/2004
Posts: 1,301
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Still dropping today. When you look at the way this stock moved up there is really no true support level. It looks like it's going to go below it's original ipo level.
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Registered User
Joined: 3/7/2005
Posts: 148
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pap 71 we have not heard from you
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Registered User
Joined: 12/8/2004
Posts: 1,301
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If this doesn't show stocks go down a lot faster than they can move up nothing does. The bad part is the stock opens 1 or 2 dollars below the close of the previous day so it's tough to get your sell order in at a reasonable level.
Pap, I hope you got out of this stock in time.
You may want to close your position in idwk with a small loss as well. The short squeeze is over in that stock. It looks like it very well may start moving down again.
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Registered User
Joined: 10/7/2004
Posts: 2,126
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This is all news related - well as exposed. Baron's run the article, so the sell off can take place. The sell off has no real foundation based on the article. My guess is that some big players want to scoop a few thousand shrs but at a real discount. SEC won't even look into it, it has been well plotted and the hell of a coordination too. the leveling I talked to you is taking place, but you can be certain that someone is buying shrs in the way down. If the technology that this company offers prove to be efficient, I bet the bounce won't take long. It has some support at about 5.
This type of thing happens quite often. Daytrading is a real solution to this type of activity. I like to see my enemies face to face in the battle field, no time for plotting over the weekend to stub you in the back.
good luck fellows
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Registered User
Joined: 3/7/2005
Posts: 148
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Big block, this stock really got hammered and usually an article will not destroy a stock like that.
Just my opinion but i think it got caught up in the hype and of course being new it does not have much of a track record.I will avoid it!!!
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Registered User
Joined: 7/13/2005
Posts: 7
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Thanks for all of your commnets. Fortunately I got out for $3.00 loss...
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