Market Watch for week of 6/22/09

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Originally Posted by billhart22

Hey Jeff!

You nut! lol

BCLE, remember is going through a 60 day audit. I presume it is for another business acquisition. You see, they have money, unlike so many other stocks. So it's going to be a while, but it does happen, it will happen. The President has me on the emailing list, so if there is any news I should know right away. You guys can email them also and have them put you on their list. :)

MGLG - I have to go over and visit "the boys" on IHub MGLG forum. I see somebody sent me some private mail. One of the guys with brains there.

Once those flow rates come out - badda bing! Then revenue report and 11 more wells and two shale projects. They have their work cut out for them.

Nobody could buy the stock today at the bid....people were saying that so I just have to take their word for it. They also had trouble getting any at the ask...so things are looking good!

I will have one for you tonight! I better get started, the night isn't getting any younger!

Bill

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Good evening gentlemen.
Although I couldn't comment today, I was watching MGLG on my iPhone and saw the incredibly low volume. I also saw the MMs try to take it down below 15 and just not find any sellers there.
I agree with what you were saying Bill about nobody being able to get many shares at the bid OR the ask, but my question is this.
If that is the case, arent the MMs supposed to take the price up to get some to sell and create a new supply of stock? How do they get away with keeping the price so low when there is no trading happening?
Just my newbie mind trying to be logical about illogical things...

Hope we all kill it tomorrow. Have a nice night.

Quote:

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Originally Posted by billhart22

Jim -

Pretty song! lol That was not me that said oil was going up to $100, but I agree with you and he. That was a blog that I copied and pasted. It is one that I receive every day.

Oh yah! Oil is going up up up!! Speculators are killing us again!

Now that the world is in "KAOS" (agent 99) again. You know when you stop and look at the world as a whole and all of the different power tripping countries, a person could almost come to the conclusion that we are in for things much much greater than Iraq.

It's nice of the North Koreans to share our fourth of July with us and the celebration with another missile launch!

We will have plenty of late night entertainment here in the future. I just hope that my stocks go up before then.

Later,

Bill

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Dr Strangelove is one of the best movies ever!!! :)

Yeah, this is a really hard call to make on oil. You have unemployment heading into the double digits, and inflation is a danger. Obviously people / speculators want to hedge against inflation, it will be interesting to see who wins out.

Will demand destruction keep prices down? Or will inflation knock everyones D**K in the dirt?

I am seeing food prices going up here already, my money is on inflation.

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






I borrowed this from Skillen on IHub.

LOL!!!

Reminds me of the zoo when I was a kid. Good thing I was little, I could not see what was going on, but everyone around me was ducking as the gorillas were slinging @^%$ at everyone.

I don't blame them, I would do the same!!!

Oh, wait!! I do do it!!! LOL!!!

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Originally Posted by ShotsII

Good evening gentlemen.
Although I couldn't comment today, I was watching MGLG on my iPhone and saw the incredibly low volume. I also saw the MMs try to take it down below 15 and just not find any sellers there.
I agree with what you were saying Bill about nobody being able to get many shares at the bid OR the ask, but my question is this.
If that is the case, arent the MMs supposed to take the price up to get some to sell and create a new supply of stock? How do they get away with keeping the price so low when there is no trading happening?
Just my newbie mind trying to be logical about illogical things...

Hope we all kill it tomorrow. Have a nice night.

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Because MM's are only allowed to make money within the spread. I will explain this so other people might learn if they want.

O.K. the MM's have a bid of .0017 and an ask of .0018. That is a .0001 spread. They can only make their profits between and including those two numbers. That is the law.

So today I noticed that they couldn't push .0017 too well, so they were selling a lot of it at .0016 even when the bid was .0016 and the ask was at .0017. After a while they just drop down a tick and start the process all over again.

Now, MM's are cheap bastards, as you know. NITE is one of the worst...I call them Satan. So it is what the market will bear and what the spread is...that is where they have to live by law.

They are only allowed to make a small amount, but as you can imagine, they LOVE consolidation, because they can pick up and sell shares over and over and over...all day long. When you see consolidation and MM's...they are having a field day with any decent volume. Now here is a scenario. NITE (a market maker...MM) is both buying and selling. Sometimes it is NITE -vs- NITE. I don't know the regulations on that. Dave, do you know? Or anybody else?

*********** Important!! The only way to drive them out is with a run or to KEEP SLAPPING THE ASK!**** sorry for the caps.

Sometimes it does well to buy at the ask and help drive the stock up if you can get people to get on board with you.

Now like in the MGLG forum, which is huge, guys will say - Slap the ask and people will buy at the ask to drive the MM's out and the price up. A run will do it naturally, but when things get slower that is the only way to do it that I know of.

Other than that, how the hell are you!? Great to see you shots! :)

Damn I am typing a lot tonight......carpal tunnel coming up soon.

If you want to post a picture. Copy the picture and upload it to a picture site and then post the link here.

If you want to do a screen or chart from stockcharts (or wherever). Do a alt screen save.

open up paint

edit...paste

crop, if you want with software that you can crop with.

save to your computer

upload to a site or server

go to insert image button here and post the link to the chart or photo.

Quote:

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Originally Posted by ray

Dr.Dave,
can you post a chart for mglg equal to your post...???
If your not in mglg no worries..thankyou...

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I'm not in MGLG, but I now have the settings preset up, and I am watching it for an entry, (after I convince myself to get into more pennies that is).

http://www.scripps.edu/~davess/sirib...g-daytrade.jpg

I don't have a picture site to upload, so I'll have to take this down tomorrow since I'm using a server I maybe shouldn't be....

> Wasp Spray
>
> I have a friend who is a receptionist in a church in a high risk area who
> was concerned about someone coming into the office on Monday to rob them
> when they were counting the collection. She asked the local police
> department about using pepper spray and they recommended to her that she get
> a can of wasp spray instead. The wasp spray, they told her, can shoot up to
> twenty feet away and is a lot more accurate, while with the pepper spray
> they have to get too close to you and could overpower you. The wasp
> spray temporarily blinds an attacker until they get to the hospital for an
> antidote. She keeps a can on her desk in the office and it doesn't attract
> attention from people like a can of pepper spray would. She also keeps one
> nearby at home for home protection. Thought this was interesting and might
> be of use...

Don't leave home without Spectrocide.... $3.79 a can

Home Depot. ;)

Bill...the guy from the facebook group that I pointed your attention to posted this today in regards to BCLE

"Brian (Atlanta, GA) wrote
at 10:23pm yesterday
finally spoke with shipley today. he was apologetic for not returning calls but who knows. he sounded straight forward and said share structure has not changed except for some conversions from old 144 holders. hopes to make some great announcements soon and things look great to him but he did mention he's the head of the company so he hopes it goes even better and he's the biggest cheerleader. may add another million but won't chase it. glta

Brian (Atlanta, GA) wrote
at 10:24pm yesterday
also, sounds like big revenue is coming for this year. do your own DD before investing"

I just wanted to give you the follow up since I relayed the problem.

:thumbsup:

Quote:

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Originally Posted by notwal

Bill...the guy from the facebook group that I pointed your attention to posted this today in regards to BCLE

"Brian (Atlanta, GA) wrote
at 10:23pm yesterday
finally spoke with shipley today. he was apologetic for not returning calls but who knows. he sounded straight forward and said share structure has not changed except for some conversions from old 144 holders. hopes to make some great announcements soon and things look great to him but he did mention he's the head of the company so he hopes it goes even better and he's the biggest cheerleader. may add another million but won't chase it. glta

Brian (Atlanta, GA) wrote
at 10:24pm yesterday
also, sounds like big revenue is coming for this year. do your own DD before investing"

I just wanted to give you the follow up since I relayed the problem.

:thumbsup:

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Great heads up! Thanks for such fine Due Diligence and your time. You are a hero!