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Saturday, 6 October 2012

RFMK updates

The daily chart broke out last week, we know! Price has been holding well around the .0035 range after the .003 break. Looks like pretty strong breakout consolidation, we're happy with this action.
 
The weekly chart has now come upon resistance but looks very strong. Three straight weeks above the 50ma on increasing volume plus the Psar flip this week added one more bullish confirmation as a buy signal. Looking at the three overbought indicators below I wouldn't be surprised to see a repeat of what happened in the beginning of Sept. (some pullback) Overall the weekly and daily charts are looking long term bullish. Core holders here should be all smiles ;-) !$!$!
 
Daily


 
Weekly
 

 

Tuesday, 2 October 2012

THCB Oil and Gas Merge!?!?

THCB came out with a few updates since my last post about this R/M play
 
First is the postponement of the shareholder meeting by a week or so, seen here from OTCMarkets  -
Jerry Monday, President and Chairman of the Board, announced today that Texas Hill Country Barbecue will postpone its annual shareholders meeting scheduled for Thursday, October 25, 2012 until early November 2012 due to ongoing discussions that will not be complete by October 25, 2012.
 
And secondly, today we got a news release indicating that THCB is headed in the direction of oil and gas. Very interesting things going on with THCB and we are very exited as this play developes!!!
 
 
News Release

Texas Hill Country Barbecue Announces Board Changes

Oct 02, 2012
OTC Disclosure & News Service
Irving, TX - Jerry Monday, Chairman of the Board and President of Texas Hill Country Barbecue, Inc. (THCB), announced today that board member Ken Dougherty has resigned.

Frank Markey, a Principal with Investor Land Services, Inc., was appointed to replace Mr. Dougherty.

"Mr. Markey, a Dallas land and oil and gas investor, brings the THCB Board the knowledge and expertise we are seeking with the new Board of Directors. We have begun to rebuild and rebrand THCB. We thank Mr. Dougherty for his years of service and wish him all the best" said Mr. Monday.


 
If you need to catch up on what has been taking place in the lead up so far to this R/M play click on the title of this email and it will take you to our blog site.
 
Chart looks great! Can hardly wait for the next update here!!!
 
 


RFMK Breakout!!!

IF you have been playing along since we first brought RFMK up in our alerts you have seen a potential of up to 200% through this recent consolidation!!!
(That's 200% durring consolidation!!!)
Just buying support and selling resistance. Keeping a core position for breakout we are now looking for more!!!
 
Price broke out on Friday with relatively avg. volume. I was wanting to see price hold above the 200ma/upper trendline to confirm the breakout and todays price action and volume was great confirmation.
Here's the daily chart
 


I won't get into much detail on the weekly until the week is done, but here are the resistances marked at .004, .005 and .007