Daily Market Watch (Week of 8 June 09)

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06-12-2009, 10:09 AM
billhart22

Quote:

Originally Posted by Siriustunes

I am ready.

I have researched this company somewhat, but where is the best source for historical and current analysis? I see there was a r/s of the stock 1:100 in Oct 2006 and then a subsequent bk filing. Is the new co, a consistent reflection of the old or is there a complete restructuring and strategy that is in play?

Also see this stock hit $5 in Mar 2007. If memory serves me right, this is when nat gas prices were taking off. Have no illusions that this will hit 5 again, but what is the potential given the restructuring?

I think the potential is great...they are buying more leases and their own substation and more holes to drill. Drilling holes takes money, so it will go up and down in my estimation. The PR is coming out, so who knows? I don't...

If anybody has any projections, please share them with us.
06-12-2009, 10:14 AM
bassmaster

good morning gentlemen... mglg looking great. behl up almost 20%. bcle slowly grinding ...lets have a nice kickoff for the weekend
06-12-2009, 10:14 AM
billhart22

We are all ready over a half a billion shares this morning....no interest in this stock, lol :rolleyes:
06-12-2009, 10:16 AM
billhart22

Good morning, Bass

Yes, it is a great day so far! Just get up? Did you play any poker last night?
06-12-2009, 10:20 AM
billhart22

The market has only been open for 40 minutes and I feel like it has been half a day all ready. It's time to kick back and ride it out. The first 15 minutes was kind of edgy. It is "all good" now. :)

There's a lot of profit taking. When that is over we will go back up. I was talking to a lot of people last night and they planned on taking profit this morning...others said they are staying long, so it is a mixed bag.
06-12-2009, 10:23 AM
trippingthespeculatingpos

yeah its been ough for me not to sell siri and buy back into mglg again :p especially while its at its low of the day.
06-12-2009, 10:28 AM
billhart22

Quote:

Originally Posted by trippingthespeculatingpos

yeah its been ough for me not to sell siri and buy back into mglg again :p especially while its at its low of the day.

My timing sucks so bad sometimes that I am amazed that I have survived all of this time.
06-12-2009, 10:37 AM
billhart22

Over 3/4 billion shares all ready........wow! 1029 Trades
06-12-2009, 10:40 AM
bassmaster

there was a 90k share trade @ .0016 .. and a quick bounce to .0017 looks like we have support there
06-12-2009, 10:45 AM
billhart22

Quote:

Originally Posted by bassmaster

there was a 90k share trade @ .0016 .. and a quick bounce to .0017 looks like we have support there

I just saw that after you mentioned it. We are all right now. The first hour and 15 minutes is over. Now we can see what is really going on.

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