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We will be laser focused on another potential bouncer that we feel has shown a similar support trend.
Moreover we feel that at the lower levels, early momentum (just like we’ve seen from the last 2 winners) could become a strong catalyst at the opening bell.
Coastal Integrated Services, Inc (symbol: COLV)
Pull up this company's stock chart and you’ll quickly see that over the last 3 weeks, COLV has developed a strong support between $0.15-$0.16.
In our opinion, this chart pattern isn’t overly complicated; it looks like it could be a simple support bounce opportunity and those who’ve caught onto trends like this in the past (last week and the week prior with our September profiles) have seen the potential from similar chart set-ups.
Just like our last alert, we feel that right now could be presenting yet another situation to take a closer look at a chart that shows another possible level of support primed for momentum.
More importantly, if this next one sees action that’s anywhere near what we saw from our last play, there’s really no telling how big COLV could run:
About COLV
Coastal Integrated Services Inc, is part of the disposable beverage sector via wholly owned subsidiary Simply Lids Inc.
According to the COLV, Simply Lids is an award-winning company whose specialty is developing disposable beverage lids in the food services industry.
Management states that the company's patented technologies provide a safer, more enjoyable drinking experience, without splashing or spills, and they also represent the added benefit of unique marketing opportunities, never before realized in this industry sector.
Earlier this year, the company announced that its wholly owned subsidiary, Simply Lids was requested to quote pricing to supply 2.5 billion lids annually.
John Newman, President of COLV stated, "After recent validation in our efforts to produce the safest and most functional beverage lid, the food and drink industry has taken notice.
This opportunity to quote our lid is the ultimate compliment and is the beginning in a series of stages to becoming the leader in this multi-billion dollar sector."
Many companies have failed to really solve a problem that does not exist, but the COLV happens to be involved with addressing a need that nearly everyone does each day...Drink!
Billions of hot and cold drinks are sold in cups everyday all over the world. Who hasn't bought a cup of coffee and had the problem of spillage?
Anyone who has experienced this issue generally find that it comes from the poor design of cup lids.
COLV's thumb-slider has solved this issue and when a company solves a problem that many face it could have the possibilities to quickly generate much more noteriety!
The Bottom Line
COLV looks like it could have another bottom bounce set up and if you remember anything from earlier this month, you already have seen how this trend can have the floodgates open EARLY.
This recent pullback may be once again opening up the same doors for COLV to bounce and the added exposure in the market could help add more fuel to the fire.
In similar fashion to our last company report, those who focused on it right at the open had the best opportunity of grabbing early gains.
Pull up COLV and get started on your DD!
Trading Rules:
GETTING IN
Always use limit orders when getting into a stock. Pick an entry price and stick with it. Don't chase stocks. There will always be another trade right around the corner. Don't beat yourself up if you miss one. The last thing you want to do is over pay because you see a stock moving and think you are missing the boat. Never use market orders to enter into a trade. Using market orders allows the market maker to fill you at whatever price they like and leaves you vulnerable to getting poor fills.
IF A STOCK GAPS WAY UP DO NOT CHASE IT.
Most stocks that gap up will come down during the day. (usually starting between 9:45 EST and 10:15 EST) When a stock gaps up the market makers will usually push it lower starting at this time to try to get investors to panic and sell shares back to them so they can make a profit on any shares they are short from filling orders on the gap. If you like the stock and it gaps up you can usually pick up cheaper shares when the market settles back.
WATCH THE OPEN
Watching the open is very important. You can learn a lot about how a stock may act in the first 10-15 minutes after the market opens. The first thing I look for is lots of selling. If you are watching a stock that has an average daily volume of 50,000 shares and the stock trades 250,000 shares in the first ten minutes and it isn't moving this is not a good sign. This means there are lots of sellers and they are probably only going to get more aggressive as the day goes on. You want to see a stock tick up on a regular basis as you see buys come in. If you are in a stock and you see lots of buying and it's not moving GET OUT. Don't wait. KEEP YOUR LOSSES SMALL THE SAFEST WAY TO DO THIS IS TO SELL A STOCK IF IT GOES BELOW THE PRICE IN MY ALERT.
When you enter a trade you need to determine how much you are willing to risk. Have a firm number and get out if the trade goes against you. Every big loss started as a small loss where the investor lost control of their emotions and didn't close out the trade. When you're an investor you are going to have trades that go against you. It happens to everyone. Successful traders know how to limit losses while unsuccessful ones do not. They begin to hope and pray that the stock will turn around so they don't lose money and next thing they know a small 10% loss is now a 40% loss. At this point they begin to think the stock cannot go any lower and they hang on. Now it's a 90% loss and they finally sell. Do not let this be you. Put a line in the sand in every trade you do. When it gets over that line, get out.
BE CONSISTENT
Get used to booking profits no matter how small. It may help to learn to take small profits when you begin. There is nothing wrong with taking 10%, 15%, or 20% profits on trades. This gets you in a winning state of mind and makes taking profits much more of a habit. You do not need to buy at every low and sell at every high in order to make a lot of money in the market. You just need to be consistent. Everyone wants to hit home runs when they buy penny stocks but the fact is most investors will lose more money hanging on for the big winner instead of taking consistent profits.
DO NOT BE GREEDY.
This will be the death of your trading account. A mistake that many traders make is allowing a profitable trade to turn into a break even or losing trade. Always book profits no matter how small. Put the money in the bank. Follow these rules and you will become a much better trader!
Disclaimer:
This publication is owned and operated by Meridian Ventures LLC, a financial public relations firm. Verify all claims and do your own due diligence. Meridian Ventures' profiles are not a solicitation or recommendation to buy, sell or hold securities. Meridian Ventures is not offering securities for sale. An offer to buy or sell can be made only with accompanying disclosure documents and only in the states and provinces for which they are approved. All statements and expressions are the sole opinion of the editor and are subject to change without notice. Meridian Ventures is not liable for any investment decisions by its readers or subscribers. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. The information contained herein has been provided as an information service only. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. It should be understood there is no guarantee that past performance will be indicative of future results. Investors are cautioned that they may lose all or a portion of their investment in this or any other company. In order to be in full compliance with the Securities Act of 1933, Section 17(b), this publication and accompanying website is owned and operated by Meridian Ventures LLC. Neither Meridian Ventures LLC. nor any of its affiliates, or employees shall be liable to you or anyone else for any loss or damages from use of this e-mail, caused in whole or part by its negligence or contingencies beyond its control in procuring, compiling, interpreting, reporting, or delivering this Web Site or e-mail and any contents. Since Meridian Ventures receives compensation and its employees or members of their families may hold stock in the profiled companies, there is an inherent conflict of interest in Meridian Ventures' statements and opinions and such statements and opinions cannot be considered independent. Meridian Ventures and its management may benefit from any increase in the share prices of the profiled companies. Information contained herein contains forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. 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 facts and may be forward looking statements. Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. All direct and third party compensation received is and will be fully disclosed in any communication regarding a profiled company. Meridian Ventures has been compensated up to twenty thousand usd for investor awareness of COLV and we own no shares in the profiled company. It is to be assumed that one or more third parties as well as current shareholders may have shares and may choose to liquidate them at or about the same time these services are performed, which may negatively affect the stock price. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled companies.
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