Daily Market Watch - Week of 5/3/2009

[ShotsII]

Anybody reading in here, please post some picks....we have lots of time today and can research them.

Don't be timid....we are friendly here.

Thanks,

Bill

Hey Bill, tell me what you think of GWGI and MGLG.

Also XDSL

[billhart22]

your right about a slow day Bill
I like ocnf in the mid 1.20 and still would be good in a run in low 1.30s
I like this stock good money tree
thanks

Hey Ray -

I think mid 1.20 is the ticket.....it would be nice again at 1.04, but the times they are a changin'. I am just watching it. This slow market is top heavy and hitting resistance in just about everything. If it doesn't slice through here pretty quick, it will have to take a dump. The sooner on the dump, the better. I could have more fun watching mold grow, lol

Talk to ya in a bit,

I am doing other things today other than stocks.

[billhart22]

Hey Bill, tell me what you think of GWGI and MGLG.

Also XDSL

GWGI - On their website, it doesn't look like they currently have anything going on with drilling. They of course will get new holes to drill. I would wait until the price is dirt cheap and just hold until they do something again. Maybe you could double check. I have checked news and their site and apparently they are in between projects.

I would just let the price bottom out and buy and wait....it is interesting. That might be a smart play. I am going to watch them now, lol!

MGLG - Tripps is more familiar with them, but I will look now. Yikes! I would just let it come all the way down and then consider buying. The chart looks like a classic pump and dump at the moment. It has plenty of room to go down. Tripps said they had some problems with the government that they got worked out. You might take a look at it on a twenty day chart set at around 10 minute intervals and look at the bigger picture. I would watch it close, but don't leap in too early. That is what I see on the chart, what do you think?

[Stock Magician]

EGT is an interesting watch. I like the flow with that one. Nice spike there shows potential. But much like SIRI and OCNF . . . the question is where is the market going???

I thought we would be dumping this week . . . but now it slows... teasing us.

If and any one jumped on AIG at 1.60 good deal since it is now at 1.80 and pushing up. AIG is like a cockroach . . . it just ain't gonna die.

BEHL is not making us happy either . . . .

[billhart22]

That is too funny!

EGT is pissing me off! lol I have an order in at .12 for 9000 Now that would be a score! It is a really interesting stock.

This market has to dump...it is obviously at resistance. Nobody wants to sell. It is just a matter of time my friends....the shorters balls are probably blue. Nobody will sell, so they have nothing to do. Somebody will screw up and set the magic in motion! (As I gaze into my crystal ball).

I would like to get that egt at .12 I am watching. Everytime I give in the price goes down and abuses me like a cheap whore, so I am standing with it @ .12 I know it may look ridiculous right at the moment, but stranger things have happened.

If the market dumps I might be able to catch it. If not, then the game is normal. I missed the boat again. At this juncture though this is a game with me, but if I win I will be happy.

Something to pass time with. Anybody know any camp songs?

[trippingthespeculatingpos]

yeah mglg is risky buying into this pop but it could continue moving seems to be holding 0.0015 well who knows, supposedly they will be able to start selling there product again and will be generating revenue. im hoping to see it get into the pennies here soon. risky play of course. pink sheets are scary and hard to find solid info so invest at your own risk.

[billhart22]

yeah mglg is risky buying into this pop but it could continue moving seems to be holding 0.0015 well who knows, supposedly they will be able to start selling there product again and will be generating revenue. im hoping to see it get into the pennies here soon. risky play of course. pink sheets are scary and hard to find solid info so invest at your own risk.

Tripps -

I was thinking it might be just a good time to let the stock fall and fall and catch it at the very bottom, whenever, then just let it sit until it does something.

GWGI isn't currently drilling any new holes, they are in between projects from what I can tell. Now, that would be the one to snag while in the gutter, then there is nothing but up with it. If you get time would you look at their website and news and such and we can see what you think about that strategy.

Keep an eye on EGT...... .12 is where it is at!

Thanks

[billhart22]

Among insurance stocks, Conseco Inc. (CNO) rallied 23%, while Ambac Financial Group Inc. (ABK) climbed almost 16% and American international Group Inc. (AIG) rose 13%.

[Stock Magician]

looking around I came across ESSO
Its at .0168 with lots of volume.
Its charts also has lots of peaks and valleys.

Inexpensive and looks solid and at least interesting.

EGT at .12 would be outstanding . . . good luck on that one.

[debber1212]

looking around I came across ESSO
Its at .0168 with lots of volume.
Its charts also has lots of peaks and valleys.

Inexpensive and looks solid and at least interesting.

EGT at .12 would be outstanding . . . good luck on that one.

Update: It's EESO. Just helping out Magician. After looking at acronyms all day the eyes start to hurt and fingers start to go numb. I understand.