First Tidal Acquisition Corp T.AAA

Primary Symbol: V.AAA.P

First Tidal Acquisition Corp. is a Canada-based capital pool company. The Company's principal business is the identification and evaluation of a qualifying transaction and once identified or evaluated, to negotiate an acquisition or participation in a business subject to receipt of shareholder approval, if required, and acceptance by regulatory authorities. The Company has not generated revenues from operations.

TSXV:AAA.P - Post by User

First Tidal Acquisition Corp

Bullboard Posts

Post by greatinfo12on Jan 04, 2011 8:16am

302 Views

Post# 17920961

Buy rating

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Technical Picks for theweek of January 3, 2011

Sirona Biochem Corp. (TSX-V: SBM)

Came up on scans last Thursday (daily high gains stocks)and did a little digging around on it. From a Technical side it has anIndication Candle on November 22nd and broke out of a Descending triangle (orBull Flag, really) last Thursday. There's a few things I find interesting herewith this chart even if it seems its already posted its gains. 1) Thatindication candle was only on volume of 33,000 shares traded. With such lowvolume you would expect it to drop in the next few days back to the
.25 level.There was also no news that day. News came on November 29th when theyannounced they were getting funding from the Going Global Innovation (see story here). This made it run to its 52 week high at
.55 on high volume andthen the pull back since. 2) Couple more announcements about hiring high flyingconsultants and advertizing leader. Price still moves slowly downwards. 3)Huge 33.3% gain on a nothing volume day (well, high volume for this stock but369,000 is really nothing). Most of it was buying, hardly any selling. 4)Nothing is really being said about this stock on any of the boards I check andread.

Sowhere am I going with this you ask???Remember EMC? I gave a Heads Up noticewhen it initially peaked at
.14 and Ibought in at
.12 based on that IndicationCandle and the lack of talking about it onthe boards. And wouldn't you know it, twoweeks later it was reco'ed in a newsletterand it jumped to a high of
.44 in 2months. That's 266.6% gains. Not somethingto overlook. Chart pattern seems toindicate same is going on here and if thisturns out to be of similar gains, we'll belooking at a target of $1.64 soon. Just onthe Bull Flag formation measured move we'dbe looking at a target of
.85(that's thelength of the pole which is
.15 to
.55,or
.40 gain, so from breakout
.45 +
.40 =
.85) which still gives us 37%gains from an entry at current price of
.62. So the lack of news to drive thisstock to its current level and the technicalformations is giving me a good vibe on thisstock. Something is up and I think we'llsoon find out...