Market Watch for week of 6/22/09

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Originally Posted by just sirius

Bill

Had a 1M buy order MGLG @ .0011 all day...did not fill. But, I'll take .0014-.0015 close.

Siri- Russell rebalance kicked thier ass at the close. TD show over 120M AH transactions WTF

BCLE- crickets chirping

On another note- 104 degrees yesterday...110 degree heat index today. do you have room for tent or cardboard box in the front yard? Can't wait for July-August!!!!!!!

have agreat weekend. fixing to jump into the pool to cool off. shit...maybe not...all evaporated out!!!!!!

Jeff

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Hey Jeff -

I am glad that I am not there in that heat! It is in the eighties here and thunderstorms in the afternoon with a little rain shower just about every day.

BCLE - Do a couple of posts a day on investorshub.com BCLE forum.

SIRI - That about blew my mind at this day's close

MGLG - People are waiting for the PR and the rise today could be from anticipation, but we shall see

I don't have a pool. They do at the country club here where I live, but they want $2000 for three months to swim there with a bunch of germ-infested kids. Plus if you don't eat at least $86.00 a month worth the hamburgers and crap from their snack bar, they charge you anyway. Don't even ask me about the country club. I have never been in there.

Have a great weekend and chime in when you get a chance.

Bill

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Originally Posted by notwal

thanks for the shots Bill! lets close strong!

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You are more than welcome. :)

Have you ever noticed that after the bell goes off and the market is closed that you see shares still being traded? like .0014 1,500,000 form t 16:04 P.M.?

What is happening is the MM's are placing orders that were placed during the day and didn't fit with anything else. (They also hold some to manipulate the price and enter them after the market). They are essentially "Cleaning up the desk". Ten to one they were holding them in case the price went up to .0016 so they could drag it back down to .0015 after the close.

Now when After Hours opens up, they are all form t trades. They technically have to fill out a form for each order.

So here is the definition: A NASD form that is used for reporting an equity trade that was executed after the normal market hours.

Here is an example that happened today: MGLG closed at .0014. Immediately after the bell, some form t orders followed at .0015. So you can say that MGLG closed at .0015.

It isn't until 4:30 P.M. est that AH officially opens again, but MGLG doesn't trade in After Hours.

I hope that helps. :)

Bill

Also don't forget...get'um anywhere water and they have to pee!!!

Jeff

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Originally Posted by just sirius

Bill

Also don't forget...get'um anywhere water and they have to pee!!!

Jeff

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LMAO... ya kids pee and fart in the pool. :rolleyes: I loved that scene in Caddy Shack with the Baby Ruth floating around, lol.

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Originally Posted by just sirius

Ray

Damn ray...same thing happened when i took the blue dog out for a stroll in the park...he got dry humped by a very horny little chiuauauauaaaaa(whatevr). had to beat him off with a stick. blue dog went home with his tail between his legs.

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the blue dog was
singing yo quero..!! taco bell...I jumped on tripps thought's on the stary eyed
blue dog ,and he was right ... he quit licking his privates for just enough time for .o5 I just did not have quick enough fingers to make the $$$ ,
but I do enjoy the ride with Bill and the group

Quote:

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Originally Posted by ray

the blue dog was
singing yo quero..!! taco bell...I jumped on tripps thought's on the stary eyed
blue dog ,and he was right ... he quit licking his privates for just enough time for .o5 I just did not have quick enough fingers to make the $$$ ,
but I do enjoy the ride with Bill and the group

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Ray -

You are the stud! It was a total mind ***k today for SIRI owners. Man, I was watching SIRI and it was great then all of the sudden I was seeing posts and couldn't believe it. If any damage was done to anybody, I would loudly complain to the SEC.

I don't know if any was done, but if I was affected, and the MM's being able to see the stops, I would complain.

That has to be illegal. At the precise moment before the close has to involve insider information, or a totally calculated rouge.

Out for the night...please post to investorshub.com BCLE forum and get the stock rolling........

Bill

Monday could be a possible big day for MGLG. It was growing on Friday in anticipation of the production report on the wells coming out. They are just waiting for the flow figures from Citizen's. Karen at IR said that is the only thing that they are waiting on per the post that I posted on here. So stand bye, this could be one hell of a ride.

BCLE is in cruise position and is at a prime price.

I am wishing that this was Monday, lol. Oh well, it will come.

Any ideas or thoughts on anything, please post them here.

Have a great morning. :)

Bill

http://www.coloradohandyman.com/mglg.JPG

http://www.coloradohandyman.com/bcle.jpg

Hey Bill,
Did you see that your EGT fell 5 cents down to .13 yesterday?
Any idea what caused it?
Perhaps you'll be able to get in for your old target of .12 soon...

Hey Shots, I don't have EGT. I haven't been watching it lately. I guess I have to quit screwing around and put some more money in my account. How is your weekend going? If you want a chart for CDIV posted just let me know.

It is a mighty fine day here today. Clear skies and 80. Probably afternoon thunderstorms to cool it off.

MGLG is looking good. I am looking at some other oil companies and have been comparing. A lot of them are in the .38 .50 range that are doing basically the same thing. I am doing more looking though before I make any kind of statement on that.

Thanks for the heads up.

Did Bass contact you?

I don't have any idea what caused it. I will take a look. Thanks!

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Originally Posted by billhart22

Hey Shots, I don't have EGT. I haven't been watching it lately. I guess I have to quit screwing around and put some more money in my account. How is your weekend going? If you want a chart for CDIV posted just let me know.

It is a mighty fine day here today. Clear skies and 80. Probably afternoon thunderstorms to cool it off.

MGLG is looking good. I am looking at some other oil companies and have been comparing. A lot of them are in the .38 .50 range that are doing basically the same thing. I am doing more looking though before I make any kind of statement on that.

Thanks for the heads up.

Did Bass contact you?

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My mistake Bill. I thought I had read in the past that you wanted to enter EGT at .12.

No mistake on your part. I did want to get it at .12 I just had a mind lapse here. I had forgotten about it. ;) Good memory!

A company I have been watching for months has just given a much expected PR.

GNTA is going to do a reverse split 50-for-1. It will be effective as of market open - July 1st.

http://www.businesswire.com/portal/s...53&newsLang=en

As an investor, I have personally never followed a stock that has R/S before and therefore would not know how to predict anything that is going to happen with this stock.
I understand that share price generally falls after a company does a R/S.
But when can we expect it to go back up?? OR Is this pretty much the end for GNTA??
I dont have the answers to these questions. I dont even have all the questions I should be asking.

But!
If there are other investors/traders on this forum who feel the way I do, perhaps we could all begin watching GNTA together and use it as a learning experience.
Heck, we might even find a good entry point on GNTA and make a little money in the process...

So, does anyone else think this is a good idea?

Weird, My friend that suggested SIRI to me (the only stock he trades) brought up GNTA to me to look at just the other day, and we were thinking of buying a little bit of it... more of a gamble, so we're talking very little money.

Anyway - usually a reverse split for a company trading higher - something listed but dropped below the $5 or $1 range isn't a good thing, as it's a sign of that the company was in trouble, and just is trying to stay on the exchange, etc. So funds would still keep away from them, as there could be some underlying trouble still. Very few of those turn around from what I understand. PCLN is an exception.

For something that's been a penny stock for quite some time may (and I mean *may* as in I'm just speculating here) that they may have something in the pipeline, and just want to get it in to a range where retail or others would actually take a look at it. We'll have to research that one.

The cable guy came up, so I'm back online finally! woo hoo!

No more public library drivebys, etc.

Regarding SIRI - I think some larger investors (like funds) got together to drop their funds after the iPhone app release. That's it. I don't think there was anything real fishy going on.

Also, you have to think there are tons of older investors who had $$$ in their eyes, and despite the company not making a penny quarter after quarter, they kept the money in from the $9 days, averaged down and are getting out at certain points - (they wouldn't have caused the big eod drop this time, but it will happen) - so you have to expect big sell offs on spikes at older support levels. Those you have to watch really closely.

The close ended up as a retest of the descending triangle, and AH is back up. I figure most stops were below 0.34 and 0.30.

If we close below 0.30, then its scary. But Looking at AH volume, so far, it looks like there are buyers, and it can't just be retail.

I think we get web hosting with the cable co, so maybe I can post some charts at some point.

I liked MGLG's close after hitting 0.11 again, so I got in EOD, and I'm liking BLCE's action too.

Well, I'm gonna surf the net here for a while.

Stay out of trouble.

I found the perfect application for handling charts to post on websites. It doesn't have FTP, but you can copy the chart, crop it and save it. Then FTP it before posting here. It is FREE and really nice. It is called Paint.NET Check it out...it makes life a breeze!

Dave, I will be back..I have comments on your MGLG, BCLE. I have to leave for a little bit.

Bill

Quote:

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Originally Posted by billhart22

I found the perfect application for handling charts to post on websites. It doesn't have FTP, but you can copy the chart, crop it and save it. Then FTP it before posting here. It is FREE and really nice. It is called Paint.NET Check it out...it makes life a breeze!

Dave, I will be back..I have comments on your MGLG, BCLE. I have to leave for a little bit.

Bill

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Cool, I'll check it out. Bummer, since I wasn't online regularly, I didn't realize my stockcharts.com sub ran out - they are usually kind of slow, I just resuscribed, and hope it kicks in by mon morn.