Cool, Matt...Well, QASP didn't get damaged that bad. It sure shook off the shorters and flippers, which is a good thing. Do you still have any mglg?Quote:
Originally Posted by stang3O2
Printable View
Cool, Matt...Well, QASP didn't get damaged that bad. It sure shook off the shorters and flippers, which is a good thing. Do you still have any mglg?Quote:
Originally Posted by stang3O2
I never bought any I'm holding SIRI EVFL QEDN SYMW
When you short a stock, nothing happens on the margin side, as long as you have the funds to cover the difference and they don't force a sell...Quote:
Originally Posted by billhart22
ie. if you have $1000 in your account and you short $500 of stock, then you would end up with $1500 in your account. If the price goes the wrong way, and the stock is worth $600, then you are "down" $100, but in the clear since technically, you started with $1000, and if you covered that moment, you'd have $400 debit, leaving you $900 in the account. So, there aren't any margin fees... now if the stock more than doubled in price, like 110%, where if you covered, it would cost $1100, then you may get a margin call... and be left on the hook for an extra $100 + interest on that. Not interest on the whole $1100. Generally, you won't get into trouble shorting big board stocks, if you follow sound money management and stop loss rules. ie. I wouldn't put 100% of my account in GOOG going long, and rack up a 75% loss (we'll I guess there are some that do that), and so going short, I likewise wouldn't go short 100%, and let it slip to a 75% loss... it would be a pretty rare case for a stock like that to shoot up 75% in a day... while it may happen, I'd more likely bet on it to drop 75% in a day.
But back to having a margin account, not having to wait 3 days is nice. I don't use, or haven't had to use margin. Take that back, once when I did go in 100% on my account, I had a buy that by the time it triggered, I did have some margin, but it was for less than $50, and it ended when one of the other stocks settled. So I was tagged for a day or two of interest... but that only happened once, and was thru a crappy broker. Scottrade never did that to me.
I think the key is, don't dump your whole account into the market whether with a cash account or margin. Especially on the big boards with all bets in the same direction.
One other thing on that $1000 example, if you had another big board stock in your account... say $300 of another stock (long), that changes your buying power, giving you extra before the margin call... I think this is the case, as if you are long, and we are talking all big board stocks, that on average, since the stocks move together, the chance that the two stocks are moving in the same direction is high, so as you lose on the short, you gain on the long, so they give you the cushion.
Great info, Dave.Quote:
Originally Posted by Dr. Dave
I have enough trouble just doing what I am doing without complicating things. I believe in the KISS rule. The more simple, the better!
Too funny...
You know, Dave, that (just about) every morning...I wake up thinking --
Man, I hope that Dave got up early *enough* today to do whatever it was that he needed to get up for...if he got up.
And then, the second thought is that I'd call him to make certain...but he doesn't leave his phone on, so it wouldn't matter. And, if his phone was on, then he wouldn't need a call.
My little *Seinfeld Episode* runs constantly and has a habit of being recurrent.
Yes, I'm a mixed bag of quandarous nuts :p
Mr. Ramsey <---- that's rich!
[QUOTE=Dr. Dave;49264]Good Morning Mr. Ramsey -
Yup, I'm up - I figured I couldn't go wrong with this option play....
man you guys are chatty kathy's i can't even jump in..sorry keep hitting refresh as im watching spng and can't post cause now i have to do some work...oops better check spng again it mighta moved....
GLE!
ps. got more spng at .1782 this morning, brother got more at .1829 when he got out of work for a minute and it was moving down
http://bxcapricorn.blogspot.com/2009...n-attempt.html
Tuesday, August 25, 2009
MGLG - Valuation Attempt
I have been buying MGLG.PK on the dip. Are they for real, or are they a scam? Let's boil them down.
They lease properties in Oklahoma and Tennessee, and have an office in Ontario. Why have an office in Canada? According to Investors Relations, "We are located in Canada because that is where most of our principals reside". The company only has five employees, since after acquiring a well, they develop partnerships with local operators. In Tennessee, they have teamed up with TMD Energy. Magellan has a 50/50 participation agreement with TMD Energy. TMD Energy owns the leases. The two companies share expenses and profits equally. TMD Energy sells their gas to Citizen's Gas in Tennessee.
Their website is a bit amateurish, and their Investor Relations' (Karen Willoughby) puts out press releases that are sporadic and often misleading. Back on June 1st, they announced that they had completed retrofitting their wells to provide a lower BTU delivery. Their properties were abundantly rich with BTU's, which you would think would be a good thing...turns out the premium they were receiving for their gas flipped and became a safety concern, as the Federal government via FERC decided that gas above 1100 BTUs must be brought down to below 1000 BTUs. The stock, back in Dec. 2008, was trading between 0.001 and .0025 when this occurred.
The news of a shut-in killed the stock price, and forced Magellan to issue stock to finance the retro-fitting. The stock dropped to 0.0001-0.0003 until May, when the retro-fit was expected to complete. As news was released, that Magellan was back to production mode, the stock went to 0.0027 on June 15th. In the press release announcing the return to production, it was stated that Citizens Gas would provide metered numbers in a few weeks. Those numbers were not provided on June 15th (two weeks from the June 1st PR), so investors sold off, dropping the price per share to 0.0005....which is where I come in.
I have been buying the dip, as I believe the Langford Lease is legitimate.
The Company intends to frac at least two of the wells at the earliest opportunity to increase natural gas production and is considering additional horizontal drilling to maximize long-term gas production from the Chattanooga Shale.
Reserve estimates indicate a conservative gas in place value of 3.198 bcfg/mi.2 for the area under the Cumberland Plateau. These calculations assume a gas content of 20 scf/ton of gas in the Chattanooga Shale. Miller Petroleum, Inc. is in possession of geochemical data that justifies this as a minimal gas in place number.
Their market cap is estimated by pinksheets.com at $4.682M with 7.8B shares outstanding, resulting in 0.0006 per share price.
They are authorized to print 30B shares, and on May 19th, have a 2.8B share float, which we joyfully trade back and forth.
Looking toward the future, I expect these Tennessee gas wells (along with Miller Energy's gas wells) to deliver natural gas to the TVA Rogersville 880 MW gas turbine plant. At the current time, only 10 MCF/day is consumed during winter time in Tennessee. Upon completion of that power plant, the consumption will be enormous in comparison. As TVA announced on August 10th:
TVA's announcement continued, "Once the necessary reviews and approvals are complete, construction of the plant is expected to begin in 2010 with full capacity availability in 2012."
Operation of this plant will require up to 160 million cubic feet of natural gas per day, year round. Game changer, pure and simple. The trick is for these guys to stay in business long enough to realize the windfall, and I'm betting they will, now that they have resumed their gas flows. I also believe that once flow data is released, the stock will explode.
Labels: MGLG
posted by BxCapricorn at 12:35 PM
Tell you the truth, now that I've been in the pennies for a while, I think it would be easier to short, than go long, but the broker won't let me, lol.Quote:
Originally Posted by billhart22
Lol, Dave -Quote:
Originally Posted by Dr. Dave
Ya this is a shorter's dream! They carry a list of stocks that are available for shorting on Scottrade. I just don't remember where they are located.
Is the boiler room open today, lol...Quote:
Originally Posted by Ramsey
We need to create a charity forum - cause, I'm gonna be making donations (with realized gains) in a few names around here :D
While I'm strapped for time this week...
I'd like to create a section on the forum that lists charities that folks patron or otherwise contribute (if only in spirit) to...
example:
I like:
Boys and Girls Clubs of America
Big Brother Bigs Sisters
etc..
If in some way I'm instrumental in helping, say, Dave make a nice profit...wouldn't it make feel great to donate some of the gains to one of my promoted charities?!?
I use Dave as an example since he's a friend that's close enough to smack me if I'm out of line ;) ---and he could, Dr Dave's pretty bad-ass in the martial arts. Good thing for me that he's such a nice guy...
Anyway, back to the charities...
I'd be grateful if someone can clue me as to how to do this & if it's okay that I take on the responsibility === or if that's something that only a moderator/owner can do
Ramsey
ps. got more spng at .1782 this morning, brother got more at .1829 when he got out of work for a minute and it was moving down[/QUOTE]
ALWAYS, my friend...always -- only, I may not be *there*...
fortunately for you (and me) you're on the wife's "approved" list ;)
Quote:
Originally Posted by Dr. Dave
I put in an order to short one once to see what restrictions pop up, I think they were stocks under $1, and also no big board stocks. I don't blame them, as, that would mean they'd have to actually hold the things, which would mean that the value of their company would also move with those stocks. Having a basket of big board stocks isn't so risky, especially when you consider the commissions on trades as dividends, but you'd still be surprised at how few shares of the ones they do have are available. I've been unable to go short on some very popular liquid stocks at times, like AAPL, since they only have so many.Quote:
Originally Posted by billhart22
Hmm... maybe I should take a nap then, or better, "McDougal's" breakfast!Quote:
Originally Posted by Ramsey
I have seen the lists for availability and they are rather small. Nobody is going to hold cheap stocks unless they have a crack in their noggins. The pps goes up and down like an ocean tide, and sometimes they don't come back up for a long time. Sometimes they don't even come back up.Quote:
Originally Posted by Dr. Dave
JACKSONVILLE, FL, Aug 26, 2009 (MARKETWIRE via COMTEX) -- In the news release,
"Quasar Aerospace Industries, Inc. Gives a Comprehensive Update to Investors,"
issued earlier today by Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP), we
are advised by the company that the first sentence of the fifth paragraph should
read "These first four acquisitions of these well established aviation and
aerospace related businesses will add an estimated $150 million to Quasar's
revenue and $33 million in EBITDA for the Company's fiscal year 2010." rather
than "These first four acquisitions of these well established aviation and
aerospace related businesses will add an estimated $150 million to Quasar's
revenue and $15 million in EBITDA for the Company's fiscal year 2010." as
originally issued. Complete corrected text follows.
JACKSONVILLE, FL -- August 26, 2009 -- Quasar Aerospace Industries, Inc.
(PINKSHEETS: QASP) (formerly) Equus Resources, Inc. (EQUR) is excited to update
our shareholders on several fronts today. We are providing an update on our
recent capital raise including future capital requirements, our first four
acquisitions and the updated Atlantic Aviation website.
The company does not anticipate a need or any reason to return to the capital
markets for additional funding. We have been very successful in raising the
funds needed thus far, and we are confident we can operate quite comfortably
with the capital currently raised. This should give shareholders confidence in
knowing that our share structure will likely not change for the foreseeable
future. The world economic situation is unpredictable lately as we all know and
things could change. That being said, we remain confident.
According to CEO Dean Bradley, "Once the four announced acquisitions are closed
and operational, they will be providing adequate cash flow for any and all
general needs."
We would like to also update shareholders on the closing of our acquisitions. It
is critical to do the four acquisitions as a single transaction on a single day.
Doing otherwise would lead to excessive transactional fees and duplication of
expenses. With the obvious complications of closing four acquisitions at
precisely the same time on the same day, we have to find a day and time that is
good for all parties and their support and legal teams. We will be soon choosing
a day and time that is acceptable to all concerned. While we tried to make all
of this happen for Friday, August 28, 2009, it simply is not possible. We will
provide an update when it is prudent.
These first four acquisitions of these well established aviation and aerospace
related businesses will add an estimated $150 million to Quasar's revenue and
$33 million in EBITDA for the Company's fiscal year 2010. The first group of
acquisitions are only the beginnings of the Quasar Aerospace conglomerate as we
are actively pursuing other ventures within the aerospace industry.
Atlantic Aviation, Quasar's flight training academy, is proud to announce our
latest website upgrade. We invite you to visit www.atlanticaviationinc.net. At
Atlantic Aviation Inc. students will graduate with the excellent fundamental
skills of flying, giving them an advantage to complete their goals of flying for
the airlines.
This press release contains "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended and such forward-looking statements
are made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. You are cautioned that such statements are
subject to a multitude of risks and uncertainties that could cause future
circumstances, events, or results to differ materially from those projected in
the forward-looking statements as a result of various factors, and other risks.
You should consider these factors in evaluating the forward-looking statements
included herein, and not place undue reliance on such statements. The
forward-looking statements in this release are made as of the date hereof and
Equus Resources, Inc. and Quasar Aerospace Industries, Inc. under take no
obligation to update such statements.
Investor Relations Inquiries should be directed to:
Equiti.trend
800-585-6988
Qasp-info@equititrend.com
SOURCE: Quasar Aerospace Industries, Inc.
CONTACT: mailto:Qasp-info@equititrend.com
Copyright 2009 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Aerospace and Defense:Aircraft
wow wtf is up with qasp? im checkin iSpoke right now.
I probably could say this to you in person (maybe should) but I'd rather do it in an open forum...if for no other reason than I'm damn proud of myself...and gosh darn it, I like the fellas here.
I'm not doing "McDougal's" anymore...
Not sure if I mentioned it, but I injured my back last July and have been out of work since then.
The sideline benefit (to the clothing retailers) is that I gained a lot of weight - was up to nearly 240 pounds!
Well, in January, I made the decision that I was going to lose the weight & improve my health.
What began as a conscious decision to eat healthy & pay closer attention to portions became an official diet on July 9, 2009.
At the time of my diet becoming official, I was down to 223...just by eating healthy.
I am now at 209!
The intermediate goal is 199 - and then I'll celebrate with a half a steak at Ruth's Chris.
The ultimate goal is to be at 180 - which is where I was at my most healthy.
Believe it or not, there *was* a time that I had six pack abs and could knock out a ten mile run like I was taking in a movie...
So, yeah, you can bring *your* McDougals...and I'll gladly have breakfast with you, my friend. Or, I can treat you to what I eat for breakfast...
Three eggs, no yolk, two pieces of very good ham, and one teaspoon of lite mayo on Sara Lee Lite whole wheat bread (90 cals two slices). It's actually pretty yummy.
***in the interest of full disclosure: I sometimes miss the yumminess of the runny yolk in my egg sammich ;)
Ramsey
Quote:
Originally Posted by Dr. Dave
Question guys.
For IFSL
Does anyone see the formation of ANOTHER cup n handle, making it a double cup n handle formation!
Please helP me with this. Never seen it before.
shots is here :) good news time?