Another thing that's a little tricky with gold stocks is that, they are stocks, so sometimes, they'll get whacked along with stocks, even if gold rallies, but in general they follow gold. To me, the key seems to be you look for some type of support level, a pull back to that level, and signs of reversal in the candles, then quickly go long. As this last pullback was a little bigger than previous, it's better to swing trade them I think, or at least swing trade a few to get a lead, then maybe stick in a little longer, that was my mistake this time, had some decent gains. Last time I played them, I did swing trading first, then held a little longer and got some decent profit out of it.
That and, I should have been more aware that we were up against resistance in gold futures, so likely the biggest pullback would be there, in hindsight, which though is easy to see - but also helpful for the future, I'll be keeping a note on that for sure.
It's great to hear from you again, you old bear...LOL
Thanks for the posts, you've given us something to think about now.
Originally Posted by Dr. Dave
I picked another 200K today below .007!
Originally Posted by Alaska Guy
The conference call was pretty good.
The big loan fell apart. But, other funding is being worked on.
Mineseeker should bring in nearly a billion bucks over the next 5 years.
The CEO has purchased 20 million shares this month and loaned the company over a million dollars.
All in all, I think it sounds like the start of a nice big aerospace company. I'm super happy with my investment and I expect that I will be happier as the months go by.
It will be very interesting to watch the share movement over the next few days.
The conference call will be available on the company website by the morning if not tonight.
I hope this works out well for all of us Andy. I've never been to Alaska. Maybe this will pay for a visit up that way.
Hey Dave!!! Glad to hear from you again....always enjoyed reading your posts, even though much of it is way above my head, it's just nice to see the gang chiming in every now and then.
Chuck...I tried picking up another 175k today, but was unsuccessful, first tried at .0063, then again @ .0065. Now looking back I shoulda bought at the ask .0069 instead of getting greedy, all for a measly 5k share difference!!! Oh well.....I hope it runs huge tomorrow!!!! But knowing how this has been reacting to news, maybe Ill have a chance at picking up some at .0055!!!! I sure hope not, I'm not sure my stomach can handle another day
Here is a little clearer description of the conference call from QASP today. I lifted this from another site.
CONFERENCE CALL SUMMARY:
$900 million in revenues from Mineseeker from ONE contract in Croatia alone! Huge potential for many more contracts. Presenting to UN first week of June.
Absolutely NO R/S
$50 million bridge loan closing very shortly
$350 million funding closing very shortly; eliminated the middle men in Chicago and is dealing directly with the bondbrokers in London. In constant daily contact until funding closes. Bonds are fully subscribed so funding is definitely imminent.
$200-250 million revenue from brand new helicopter parts (they will have the corner on the world market for these parts)
Buyback will continue shortly
Insiders haven't sold a single share and are continuing to buy
Stock price is at ridiculously low prices and Dean is using every dime he gets to buy shares
All 6 acquisitions will close before June 30
Auditors arrive tomorrow. Audited financials will be released as amended financials in June.
Tiger Fish has meeting scheduled with Beechcraft, for RAPT on King Airs aircraft.
Indian flight school students will be cleared by the state dept. after financials amended.
New WEEKLY update every Wed at 4:00 Eastern time
Originally Posted by Alaska Guy
Nice lift there ... from the shrub?
Originally Posted by candleman
I got in on the call and it started out almost a disaster, with Dean threatening to call it quits ... He didn't realize he needed to mute the call on his end for a bit and we could hear a baby crying in the background, besides other people chiming in ... Someone came in and told him which button to push and he muttered "Sorry folks, technically challenged". After that all the noise stopped and it was far clearer ..
Missing from this summary - One of the guys on the shrub had compiled a list of questions and I was very pleased to hear that Dean responded to a concern\suggestion that I had voiced, as well as others about his PR's - He frankly admitted that he thought he was clever and had made a mistake, that he thought he was helping save the company money doing them on his own. He is handing this over now and will be hiring a professional PR firm.
The other big whopper was at the end when he called out "some of the idiots on ihub", namely samplescave (The resident basher) - It was unbelievable! He challenged him to go ahead and sue him, but didn't think he had the cajoles to do so and went further by challenging him to put up 10K against his 10K that the 6 acquisitions would be closed before the end of June. 10k to samples if he was wrong and samples 10K donated to the Red Cross if he was right.
The guy is just blunt, a bit sassy, old school ... I just can't but help love the guy - No BS. It was the best CC I have ever listened to ... had me cracking up the rest of the afternoon.
Andy, I picked up another 130K yesterday @ .07 - I'll never catch you guy's but ... Hang in there man, we are going to be alright.
Great to see you guys posting again. :) I thought you had closed
up shop. :(
Hope everyone is well.
Man, I have been really fighting a case of the woulda, shoulda, couldas with that 20/20 hindsight. Had wrestled with the idea back .05-.06 to grab more but ... Couldn't be more happy with this, right now it is offsetting the paper losses on the "Q" so, in the quirky psychological stock sense .. it all looks pretty good :)
Originally Posted by candleman
It hit .24 before tailing back to settle at a shade under .20 - Nice, slow and steady climb. Just too darned expensive now to add, well, that might change as well :)
Originally Posted by julietoo
How's the weather?
Hope you are doing well as well :D