It’s about 15 minutes into the trading day, and SPKL has traded a huge amount of volume for 15 minutes, but hasn’t appreciated that much on the price. That’s a very good thing if you are looking to take a position.
Here’s the chart in the early going:
As you can see, the gap wasn’t too big, and that’s favorable for taking a position. If the stock were to trade back down and fill that gap, that would be absolutely ideal for getting on board.
Therefore, if the stock happens to trade back down to the $.70 level or so, I’ll bet it will turn right around and head back up. That’s known as “filling the gap”. Traders love to buy when stocks “fill the gap”.
If you are interested in participating in SPKL, I believe this is a reasonably low risk entry point. Your SSL should be somewhere in the $.65 range. More on that later- it’s a little premature to worry about it now.
Comments and questions are welcome.
When will you start posting news to Yahoo Finance. Thx.
Editor: First one was today.
Will new store openings be a part of the PR chain? thx again.
Editor: Everytime the company opens a new store, the company will announce it.
Hi
Editor: Is there a comment or question?
I may be rusty, but there seems to be a lot of supply in this .80 range. ??? I would expect, fairly soon, with all of this buying, that the supply would run out and the demand would carry the price up until sellers step back in. Isn’t the float 14MM? I know, patience, right? But still……….
Thank you for your time.
Editor: The public float is 12.2 million shares. Yes, there appears to be supply. Look at the chart- nothing wrong with the stock trading sideways for a little while. When stocks go up and trade with liquidity, there are always sellers who have been in for a long time.
Thanks for bringing spkl to our attention.
Sure looks like a winner. I would hate to do any harm to anyones reputation, but I have to ask this question. Is Marc Geman the same Marc N Geman of Denver Colorado who had charges filed against him be the Security and Exchange Commission back in 1997? I found this information while doing my due diligence on google. I read about his appeals of a $500,000 penalty up until Jan 0f 2004 when they were affirmed. Can you inform us if this is the same person and if he is was the penalty overturned after 2004, paid by Mr Geman or still pending?
Editor: I believe you will find information about that in the SEC filings. It is disclosed in the SB2- However, you have the facts wrong. I believe it was a civil matter that was settled for $160K- I don’t recall what they said he did, but not a big deal unless you see it that way. It actually happened over 10 years ago. This is also the same Marc Geman who built Pretzlemaker for 4 stores to 260 in 4 years and sold out to Ms. Fields for $9 million. Go try the food.
well I jump in hope it not let cpne or efsf
Editor: Both of those did very well for a long time before recent fallbacks. Perhaps the trick is to remember to sell when the stock trades up.
did you already dump all your shares???
Editor: Of course- every single share. Just kidding. As I stated, I sold a few because I needed the money. I have personally invested nearly $300k in the company. We update our position every Monday morning, but I believe I own about 2.2 million out of the 2.4 million I own. Since launching coverage, I have sold 50k. I am in for the long term with the majority.
Could you comment on the size of the float and number of shares outstanding for this stock in terms of what it takes, just from this one standpoint, for a higher stock price? Thanks so much in advance.
Editor: There are just north of 12 million share in the pub float- 8 million are owned at .25 and 4.2 million owned at .40. My suspicions are that we are getting to the point where anyone who wanted to sell has been able to, so I suspect if the volume continues at these levels, we could see higher prices in the fairly near term- weeks.
Many have been waiting to get a position here, and I still have cash to put to work as well. What is your advice to us? Thanks.
Editor: Just what I said in last’s night’s publication- accumulate in the afternoon.
It appears that advance word got out about your recommendation, to certain people, because it gapped up about 28% just before the rest of us found out.
Editor: The moved up another 30+%. Sometimes, people just like a good story in a good little company.
SPKL closed today at 1.21. That is a 42% increase in one day. You estimate the company to be valued at $1.00 or around there as of this time. With the jump in value do you expect a pull back the first part of next week? If so, where do you expect it to go to for a buy in? Thanks.
Editor: Will look at the chart and come up with some thoughts. My initial gut reaction is $1, but wouldn’t pay over that.
a little risky at this point? how much higher do you see it before a pull?
Editor: As I wrote, too high to buy. No more than $1, but will look at the chart and come up with a number. It’s entitled to pull back right now.
A couple of days ago I was waiting for it to pull back to fill the gap at $.7 as you suggested but it never happened. Today, I was ready to jump in if it pulled back to $.85 in the afternoon. Now, it’s $1.2. When do you think is the next best time to get in?
Editor: Not now. Will post a BLOG and give everything some thoughts on that in a day or two. Let it cool off for now.
Hello, As of 9/29/07 SPKL stock is at $1.21. Is it too late to buy now? Would it be best to sit back and watch on Monday morning or buy first thing? Thanks
Editor: In the current BLOG I say not to buy. Let it cool off. I haven’t done any work on when to buy, but will do so and do a BLOG posting.
Great rise on Monday. Is that it? What’s your thought on how it will trade over next week? Is it still a good place for new money? I know your target it $2, but $2 within a month, year, 10 years?
Editor: $2 later in 2008. I would be in no hurry to buy now. Let it cool off for a few days, and we’ll take another look.