I want out...3 rate outs, no up....
...since the great depression. I just don't know when. Waiting for any upswing. Hope it's not too late.
Looks to me that the only people left if Cell-Loc goes to 0.10 with no revenues and continual promises, are the hypers from way back: Kaptin, premium, etc. and off course, Investlong, as he can afford to lose it all: A great investment strategy.
BIGBUC, seth, exdrdomino and the rest of the shorters control the board. BIG bucks get's all the bucks!!!
Cell-Loc was a great learning lesson for me, that I have benefited from, but I'm beginning to smell Bre-X, where a friend of mine also lost over 40,000.00, and Nesbit Burns continued a wait and be patient philosophy recommendation, when the stock virtually disappeared.
Cell-Loc has really only one hope, and that's preying that Nortel would buy it out eventually, and the longer we wait, the lower the premium for the buyout.
I don't buy this patience game any, as I'm still waiting on my mining stock from 15 years back, and they continue to tell me to be patient when it trades at 2 cents (down from 10.00) and the company continues the scam with the company books on the shelf with no intent to mine.
Sorry to be pessimistic, but Cell-Loc has not been considerate to all it's investors.
Here's the article:
Friday March 23 1:40 PM ET
Volume Surge Hints Stocks Near Bottom
By Nick Olivari
NEW YORK (Reuters) - The New York Stock Exchange (news - web sites) on Thursday had its third-busiest day ever -- and to some investors that signaled the market has almost bottomed out.
The theory is that higher-than-usual volume is a sign of final climactic selling, when most investors capitulate and sell stocks on the belief there is no recovery coming any time soon. But to professional money managers, that climax shows people panicked and cooler heads will soon prevail.
``Capitulation typically occurs on higher-volume days, so now even the Dow average may finally be close to hitting bottom,'' said Owen Fitzpatrick, head of U.S. equity group at Bankers Trust Private Banking, which oversees $9 billion in stocks.
The Big Board reported some 1.74 billion shares changed hands on Thursday, while the Nasdaq stock market posted trading volume of 2.5 billion shares. Though the Nasdaq's volume did not make the top 10 volume list, it was just a million shares short.
And both figures marked significant jumps from the 30-day average trading volume on each market, with the NYSE posting a 44 percent jump and the Nasdaq 24 percent, according to BigTrends.com, a Lexington, Ky-based research firm.
That as the Dow fell 1 percent and had its lowest close since March 3, 1999, and the Nasdaq ended the day up 3.7 percent. The Nasdaq is still near two-and-one-half-year lows.
``The surge in volume signifies panic,'' said Price Headley, president of BigTrends.com. ``We think we are at a short-term bottom where we could rally for the next several weeks.''
Last Big Trough Was October 1998
Headley's take on the market bodes well for investors still holding stocks that in some cases have fallen more than three-quarters from their highs last year.
It's been a rough ride for most investors. Networking leader Cisco Systems Inc. (NasdaqNM:CSCO - news), one of the most widely held stocks, is down about 77 percent from its high. The Nasdaq Composite Index (^IXIC - news) now is down 62 percent from its March 10, 2000 peak.
The Standard & Poor's 500 Index (^SPX - news) is down 25 percent from its high. It closed in bear market territory, a drop of more than 20 percent from its peak on March 12, 2000, and its first bear market since the Oct. 19, 1987 market crash.
The Dow Jones industrial average (^DJI - news) has slumped 19 percent from its high on Jan. 14 last year, though it has so far managed to avoid a bear market by mere points.
Major U.S. indices last hit historical troughs, or what technical analysts view as significant low points, on Oct. 8, 1998, as equity markets tumbled on concerns Russia would default on its debt and as the collapse of U.S. hedge fund Long Term Capital Management shook investor confidence in the financial system.
That day Nasdaq volume jumped 49 percent above its 30-day average as investors sold stocks with abandon, while the Big Board posted a 35 percent gain in the number of shares changing hands.
Six months later, the Nasdaq Composite index had jumped 81 percent, outperforming both the S&P 500, which rose 41 percent in the period, and the Dow average, which gained 31 percent.
One Test Of Lows Expected
Headley, though, suggested Thursday's volume surge was only the first test of the index lows. He sees one more bout of higher-than-average selling before stocks manage a sustained advance.
Focusing on the 1998 market bottom, he said, the first sign of capitulation came when Nasdaq volume jumped 62 percent on Sept. 1 of that year and New York Stock Exchange volume rose 66 percent.
``We think Thursday was the first panic down,'' said Headley. ''We should now have a recovery bounce and then again retest the lows.''
The signal that the first recovery peak is near is when volume starts to dry up, he said. Then ``people are complacent and have exhausted their power to buy more stocks.''
In 1998, the interim top came midway between the two low points in the indices. Volume on the NSYE fell 19 percent from its 30-day average on Sept. 21 and on Nasdaq by 26 percent.
Still, investors should be heartened by Thursday's rise in volume, strategists and market analysts said, despite the fact that investors pulled $2.4 billion from stock funds in February -- the first month they have withdrawn cash since August 1998.
``You can see people committing cash particularly to technology,'' said Bankers Trust's Fitzpatrick. ``And institutions were doing a good part of the buying late in the day yesterday.''
And with the Fed ready to lower interest rates further following three recent reductions, Salomon Smith Barney strategist Tobias Levkovich pointed out in a note to clients that on only one occasion out of 11 since 1929 has the stock market continued to wallow lower in the face of three rate cuts.
For investors who have already lost trillions of dollars of retirement and personal wealth in the last 12 months, at least on paper, the alternative of history not repeating itself is almost too terrible to contemplate.
The only time three rate cuts failed to trigger a market rally was the Great Depression, according to Levkovich.