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The spoke is doing tea leaves on MGLG. They are grasping at straws. Only time will prove this stock. Patience, as hard as it is, will pay out if at all. My money says that it will, just stay on your toes and don't believe that it will make you millions. It will score a good profit though. If it does make you millions, then congratulations. Good profits are good profits. Then move on to the next stock unless you totally believe in a certain one.
I can only get a 60 min time frame for that period. Keeping intraday data for the entire stock universe is costly in terms of memory, and so most services only keep it for so long. Most that trade using shorter time scales aren't going to be looking back that far either, so that's why its hard to dig up. My 15 min data only goes back 20 days.Quote:
Originally Posted by thetree
You could likely go to the hub and poke around those dates to see what they were talking about before hand...
My opinion is is that move was really close to the previous, so there wasn't a whole lot of shares involved to be traded, so since people play breakouts, the smart money likely created a breakout perhaps knowing of a PR. But with the previous peak so close, you only have so many buyers. The base to the peak is a 900% gain, so if you had the shares in prior to that, you'd likely dump it if you had accumulated during that short period if you were on the inside. That's just my thoughts.
http://www.scripps.edu/~davess/siri7/MGLG7.png
Of tones and tow's ...
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Attention Investors
I bring you this pick today feeling that this is a huge opportunity as the company has ongoing operations and tones of potential to grow. The stock price is also just a few cents off the lowest it’s ever been. It hit a high of $1.58 back in the beginning of the year and has a chance here to regain its strength. Friday it closed the day off at .42 cents.
With no further delay I would like to introduce my new pick:
Precision Petroleum Corp. PPTO.OB
First off take a look at this chart:
http://bigcharts.marketwatch.com/qui...&freq=1&time=7
As you can see we are right near the bottom as PPTO has made a nice base in the lower 40s, after gaining strength the last few days.
Precision Petroleum's mission is to deliver a competitive and sustainable rate of return to shareholders by developing, acquiring and exploring for oil and gas resources throughout North America.
Precision Petroleum Corporation is an independent energy company engaged in the acquisition, exploration and development of oil and natural gas properties throughout North America.
Precision's objective is to seek out and develop opportunities in the oil and natural gas sectors that represent a low risk opportunity. As well, Precision aims to define larger projects that can be developed with Joint Venture partners.
Precision Petroleum Corporation is actively exploring and producing projects in the state of Oklahoma. Currently, Precision Petroleum Corporation has 13 active wells in the region.
PPTO has entered into a joint venture agreement which grants the Company first right of refusal on Montana based Oil, Gas and Coal properties. Phase 1 of this project is a 1,600 acre plot with a focus on developing after an in depth engineering program. From data obtained by the engineering program results, this 1600 acre area is where management intends to drill the first 10 wells.
PPTO sure has tones to offer its investors, with 13 active wells plus the Montana projects. Precision also just announced yesterday they acquired overriding royalty interests in tow more leases. This is potential for 14 more wells in that area. This is monster news, check it out:
http://ca.us.biz.yahoo.com/iw/090814/0528176.html?.v=1
Now as they continue to add more active wells the numbers grow and the company gets more attractive. With crude oil prices being near the top for this summer, PPTO has a good chance to gain some strength in these markets!!
Please continue to do your own research as we sure have; also take a look at Precision Petroleum’s website:
http://www.precisionpetroleumcorp.com/
Stay tuned for more!!!
Staff@TryBestPennyStocks.com
www.TryBestPennyStocks.com
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Thanks for the replies Bill, Dave. My biggest challenge will be deciding whether to sell EOD on the day of the PR or at open the following day. I guess it will come down to watching it, selling when im happy and not looking back. There is just such a swing in such short amounts of time! Like with BEHL, I want to be the guy selling at 15, not 7! That was the morning after a gap too, if i remember correctly. Hmm, well enough thinking about it, this will be an "on your toes" moment i suppose.
By my calculations if they release the 10k and update on revenue of over 40million. They claim to earn 20% on revenue. With 720MM shares outstanding that puts the share price at over .12 to .14 using 12x.
If they have reduced the O/S to 500MM like they said they are going to do then we are looking at an immediate 30% to .18.
If they forecast 100 million or more for 2010, or beat 40MM like the CEO claims they did, were looking at .32 share price.
During the Noble conference the CEO said that they are looking at 500MM revenue per year probably in 3 years. That puts the share price over $1.60.
Its at .14 right now with the 10k coming likely the last business day in august.
All of the charting and trending is pointing that this has been going upwards and looks to continue.
Keep a watch out for .1278 that could clear a bunch of Automatic stops and you could pick up shares possibly down to .10 on a fluke computer sell off.
Must see video for spng.
http://www.youtube.com/watch?v=TVEH44C-DDkQuote:
Walgreens shows spongetch at the front display and manager says "These are the hottest selling items so they must be at the front prime spot in the store"
Follow spongetech on twitter:
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Some charts -
Last 2 candles on BEHL look bullish, and its fluctuated enough that I have some confidence of a move up soon, ie. it could have done its ABC down, if you believe in that stuff - I didn't mark it, may do so later, have a lot of work to do today...
http://www.scripps.edu/~davess/siri8/BEHL8.png
Fuel cell - broke the uptrend line I was warning about (blue)... still has some support in the channel (black). If it pierces green, its over as far as TA is concerned.
http://www.scripps.edu/~davess/siri8/FCEL8.png
GRMN - looks like bulkowski's rule on cutting out on the second day after an earnings large gap would have paid off... as it's now filling the gap. Looking for that to happen with PCLN too.
http://www.scripps.edu/~davess/siri8/GRMN8.png
IGNT - looks like it pierced the upper trendline of the descending triangle finally.... but, to play the pattern, you want the breakout to be about 2/3 of the way timewise, so, I would not consider this to be a real breakout and one that you could use price movement probabilities on.
http://www.scripps.edu/~davess/siri8/IGNT8.png
LUV -
I'd look out for a break on either side of the flag and play accordingly... if you are in for the super long haul, then of course, look at the weeklies, but if its intermediate term, there is resistance to the upside, not much more to go, so a conservative trade would be to just end it if it breaks below the flag, as there isn't that much upside left to the next resistance line. Particurlarly if the sector is weakening. If the sector is strong, then this is akin to a cup and handle, and it could pierce the resistance... just watch for closes, not intraday outside of the flag.
http://www.scripps.edu/~davess/siri8/LUV8.png
MGLG
Hope that the 0.005 or whatever (decimals) support holds, it has broken down from the trendline.. but its a weak trendline. The last 4 closes were on the upside, so that's good.
http://www.scripps.edu/~davess/siri8/MGLG8.png