I am going to attempt an experiment here........in a few moments....you may laugh, you may cry....I may fail.....you may say, "My four year old knows how to do that!"
I wouldn't wait around to see it...you have better things to do on Friday night.
Besides that....it is cocktail time....and I am just going to do this to entertain myself. Really, don't waste your time waiting to see, lol. Don't say that I didn't warn you. This may take a bit.....tick tock
Here is how it ended.....it only took an hour to figure this out...
Look how the market makers were positioned and the bid and ask prices (buy and sells)
bill , judging from your past work experience. what do you think the range of output could be from the 2 mglg wells?
I don't have a clue....there is no work experience that can tell that story....every well is different, even 100 feet away from each other, but it is proven ground...that is the plus.Originally Posted by bassmaster
thx bill. ya a plus for sure, im just not too familiar with the operations of an oil/gas company...ok heres my opinion , im studying the chart. i see resistance @ 28 , so without news i see us trading between 23 - 28 monday. if anticipation(volume) pushes us through that then next resistance is 33. i absolutely have no clue where we can go if news comes out and we're around 35. but if i was to take an educated guess it would be around .006 if we can get to 40 then im looking at .008 or .009... IF it does hit that level after news , expect a huge selloff. people are predictable, they will take profits. THIS IS THE BIG NEWS EVERYONES WAITING FOR. what is the next PR anticipation after this? just hopefully i can trade in a high range once we peak. i think people should start thinking exit strategy if theyre not in this long term. because this will be their chance. im not trying to be a bummer but in order for this to keep reaching new highs it needs either manipulation or news or effective pumpers. the upcoming week/s will be really wild!!! be ready and keep your eyes on the computer.
* news im talking about has to be good.
disclaimer---this is all my opinion and no way fact. i am in no way a professional trader/analyst/advisor. im just contributing ideas that are floating in my head.i am in no way telling people what to think or expect..DO YOUR OWN DUE DILLIGENCE
Last edited by bassmaster; 06-13-2009 at 03:15 AM. Reason: grammar
to get a better understanding of what the news will do to the price, you will need to be focused on level 2 when the news comes out imo
Hello All -
I have been following this forum and the sirius forum for several months now. I am an unhappy owner of sirius that has averaged down to .99, but ran out of $$$$ to go any farther. lol. Me and my 50,000 shares are long is all I need to say.
I want to say thank you for the helpful insight on buying penny stocks. I have taken some of your guys advise (bought mglg (.0004 hell yeah) & bcle). Like you guys keep saying, I do due my DD, but I am really not to savvy when it comes to stocks. Either way, I enjoy the blog and the knowledge I get from reading your insight into the stocks.
I was wondering what you guys think about FNM? I was thinking about buying a couple Thousand dollars worth, understanding that I could lose that money. My question is; do you think in 5, 10, 15 years, the stock could be back to what it was or is it doomed? I am not trying to make a quick buck on this but looking way down the road.
Thanks
Last edited by Skivail; 06-13-2009 at 08:11 AM.
Ski,
as a FNM guy myself . . . here is my analysis:
FNM: at .66 it is definitely a buy. However . . . you said you want to make a quick buck. Quick in terms of trading is subjective. Buying at .66 for a quick buck would mean selling in the .80's. It could take two weeks or it could take a couple of months to get back to the .85 or even .90's.
In the long term (going through the fall of this year) it is an excellent buy because the govt is highly vested in this company. It most likely will not fail. The price of this stock will almost certainly rocket up to a couple of bucks once the conservertership is lifted. When will that be? Who knows. Could be this summer, could be fall, could be longer.
Personally, this is a long for me. I will hold it until... whenever. So if you will want this money to use in the near future for powder on other deals . . . your money could be locked up for a while.
That is my take and of course . . . I am guessing and you always have to do your own DD excetra, excetra,
Bill,
So after studying the MMs what was your take on it?
Bass,
My take on MGLG is very similar. I think we are working more with the human's psyche here and of course based on yesterday's performance the MM's. It depends on how excited everyone will get.
If the well turns out double thumbs up then, this could be blue sky.
If the well turns out null . . or inconclusive (more testing etc) I would think we could see some gradual slow climbing until more news.
If the well turns out bad . . . then we drop like a rock.
Assuming the best and the news is good. Then there will be the usual ratcheting up. Lots of profit taking will be going on. That will slow the charts down. Could be good in the sense of keeping the price stable however. Also if the news is good a big hope would be to attract some institutional buyers. That would be outstanding for us.
Nothing to do until Monday
Good luck everyone
Stock Magician..
I completely agree with a purchase of fnm right now< your take on it
is wise councel...
I see that ocnf is in a side channel right now whats your take...???
Unless of course you are not following it...
Bill feel free to jump in here, you know how many times we have bought and sold ocnf , I am just wondering about taking a more long position in it
rather than selling off at a 15% gain...
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