Daily Market Watch (Week of 8 June 09)

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Originally Posted by ShotsII

Bill, it might not be too late if you still want to transfer that money.
Here's my reasoning...

Remember GWGI? They said they were waiting for production testing over a month ago and then...silence. Everybody sold out of their shares. Including me.
All of a sudden yesterday, production PR hits the street and stock soars 60%.
Here's what I think happened and why.
My logic is taken from some of those on iHub forum.

It wont take long for the company to get production numbers from the well. But that doesnt mean they are just going to release those numbers on the street! Because the street is going to hold the company to whatever numbers they release.
Instead, it is very possible that the company will hold the numbers until they are certain about possible revenues from the production numbers. Then they will give a PR that they know they can stand behind.
All this takes time.
Thus, if you wanted to make that deposit, you just might get lucky and be able to fire off another round at MGLG before the PR and big BOOOOOMMM!!

haha Good luck.

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Shots -

MGLG is looking really good.

I used to work in the oilfield, years ago. I was a driller (the guy that runs the rig). They have drilled the hole, put a well-head on it and have now ran the piping to the substation. That means that they have flow all ready.

In addition, they are going to build their own substation and drill more holes in a proven ground. How can it not go up?

They are now checking the flow rate. This takes a few weeks. They measure it every day to see how much it produces on the average. As you well know, it takes a number of days to get an average. That is what this is all about.

If it was a dry hole, then it would be a disaster, but it isn't.

I am thinking what I want to do....grrrrrrr. This is all good stuff though!

MGLG is going to pay, and maybe big IMO (which is worthless), but it is looking good today so far!

This is definitely the time to get in on this before it is too late. ;)

MGLG is my new "Anti-Drug"... The drug that I'm avoiding? SIRI :D

I've taken an $800 investment and with .0007 hits today I'm up to 75% gain. Thanks again for the introduction! And I'm officially addicted to Penny Stocks now. This addiction has also cured my Gambling habit :)

LOL You guys are too funny.
I'm just glad that I could give back to this forum in some part. You all have definitely given a great deal of knowledge to me over the past 6 months. Thank you for that.

Bill, to answer your question earlier, yes I am graduating med school on Friday.
Residency starts Monday, so my involvement to this forum will be greatly decreased after today. =(
I will still have my iPhone on me at all times tho and will be checking in via that. So feel free to address me on this forum and I will eventually get back to you.

Oh, and I chickened out on my earlier announced flip of MGLG after the bid moved to .0005. I rebought and lost the 20$ in commissions.

BTW Bill. Did you see SSCCQ @ .185 today? LOL I sold it at .083.

Quote:

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Originally Posted by ShotsII

LOL You guys are too funny.
I'm just glad that I could give back to this forum in some part. You all have definitely given a great deal of knowledge to me over the past 6 months. Thank you for that.

Bill, to answer your question earlier, yes I am graduating med school on Friday.
Residency starts Monday, so my involvement to this forum will be greatly decreased after today. =(
I will still have my iPhone on me at all times tho and will be checking in via that. So feel free to address me on this forum and I will eventually get back to you.

Oh, and I chickened out on my earlier announced flip of MGLG after the bid moved to .0005. I rebought and lost the 20$ in commissions.

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Congratulations, Dr. Shots!

That is impressive! I have one more year, if I wanted to pursue it, but I had a lot of circumstances that came up years ago and ended my medical career. Your family must really be proud and it will be a great day for you after all of that work.

I am happy to hear that you didn't do that flip.

SSCCQ was destined to be a winner, but somebody scared me out of it. I sold at .095. Oh well, you can't win them all.

I have your email address now, so I will keep you in tune. You will be so busy now...night and day...but you have a wonderful career ahead of you and that is something to be really proud of. :)

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Originally Posted by Gallep

MGLG is my new "Anti-Drug"... The drug that I'm avoiding? SIRI :D

I've taken an $800 investment and with .0007 hits today I'm up to 75% gain. Thanks again for the introduction! And I'm officially addicted to Penny Stocks now. This addiction has also cured my Gambling habit :)

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Hey Gallep -

All kudos on this one goes to Shots!

We are happy to hear that you are making money....it must be a good feeling after being beat for so long, lol.

Thx for the kind words Bill, but to be honest I'm not looking forward to the upcoming year of Internship. I'd rather be watching the tickers.

The 'rents are proud tho. They're flying in (NYC) tomorrow. Gonna spend the weekend showing them that Iowa isnt the center of the universe.

I could not resist SSCCQ's run-up the last two days. I sold off a chunk, got my original money back, and am now sitting on thousands of free shares.

Took some of that money and bought into MGLG. The rest will go toward pumping up the economy in the greater North Myrtle Beach, SC area next week. ;)

Maybe this good run will continue...

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Originally Posted by ShotsII

TIowa isnt the center of the universe.

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It is the center of the universe.

(My wife is from Iowa and that's where I met her).

WOWOWOWOWOW...mglg just hit 7:) well, .0007 but you guys know what i mean!!! plus 130% already.