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  1. Stock Magician is offline
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    Joined: May 2009 Location: In the nether regions of the ethernet Posts: 147
    06-17-2009, 12:20 AM #191
    Bill and the gang of MGLGers

    After reading all the posts everywhere on the web . . . this is what I gather.

    Real Useful production numbers won't be out for a while. It will take multiple bean counters and levels to check and recheck results. Plus some of that is out of MGLG's hands.

    MGLG because of float and sheer volume trading will still be an attraction for day traders and flippers. Be prepared for more big dips and scary drops.

    I have read the posts (in other forums) that attempt to explain the real value of MGLG shares by using Shares, Assets, Best guesses on production numbers, etc, but I think that only carries some weight. Some of the numbers being used are extrapolations and some are outright guesses. Not to mention that half of the price of a stock is determined by group psychology of what people believe the stock is worth.

    I am not convinced the MM's know what they are doing with this stock or maybe they do . . . but it would be nice to let us know.

    That many posters (as Los Tibs) pointed out . . . seriously need to brush up on read'n and Write'n.

    So my prediction for tomorrow is . . . . Drum roll . . .
    We will see a quick spike up to .002 or so then a watch it deflate again. This will happen a few times during the day with a EOD of .0018

    That is what is on my slightly cracked crystal ball ...anyway

  2. billhart22 is offline
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    Joined: Dec 2008 Posts: 4,896
    06-17-2009, 12:23 AM #192
    Quote Originally Posted by bassmaster View Post
    dr. shots , most important thing is your health obv. but ya its wack and it couldve been worse. btw,, split those shares 3-ways, count me in, lol.

    heres a link to trading strategies, analyzing charts, and anything else you need to know regarding trading. i think theres a link regarding exit strategies. i havent gone throught the whole tutorial, but i will. maybe this can help guide newbies(including myself) and veterans alike. as for myself im not sure what my plan is, but for now its long. and while i am playing tournies, i cant pay attention to the intraday happenings.

    http://www.tradingday.com/c/tatuto/

    there were 150 in the omaha tourney , i busted around forty something, the money was paid to top 18. so i missed the cash. but i did well in behl and mglg so im not complaining. the overall day was a profit!
    Bass -

    Great effort! You will clean up here pretty quick and big. You have all of we guys support for the big championship!

    It was a trippy day....everybody took it pretty damn good this morning. We pretty much decided to bite the bullet since were were ahead 300-400% a piece after the collapse. I, personally, was just kind of numb with it all. I don't get too excited when I have a down session. I get excited on an uptrend when it starts to break (Just like poker).

    All of the sudden we were in consolidation and were forming a base and then it took off and clear up to .0020, when some guy sold off 5 million shares and it went down hill from there with volume. We didn't have enough buying volume to support the price. Everybody jumped back like the price had herpes or something and we landed at .0015 with an order at .0014 (a TForm) for after hours.

    I like Geek's thought about people being too nervous to dump before Monday on the chance that there might be news and then after Monday, who knows?

    I am in long anyway.

    I think, even though some money might disappear, to just hold.

    Shots posted that info earlier in a post and it all says "buy" at an 80% consensus...go back and re-read it, if you haven't all ready. There is a 100% on there too.

    I am going to long this sucker and not try to make more money in the mean time. I don't want to miss the boat. I am prepared this time and am on board. I am ready to take the ride.

    Bill
    Last edited by billhart22; 06-17-2009 at 12:37 AM.

  3. billhart22 is offline
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    Joined: Dec 2008 Posts: 4,896
    06-17-2009, 12:32 AM #193
    Quote Originally Posted by Stock Magician View Post
    Bill and the gang of MGLGers

    After reading all the posts everywhere on the web . . . this is what I gather.

    Real Useful production numbers won't be out for a while. It will take multiple bean counters and levels to check and recheck results. Plus some of that is out of MGLG's hands.

    MGLG because of float and sheer volume trading will still be an attraction for day traders and flippers. Be prepared for more big dips and scary drops.

    I have read the posts (in other forums) that attempt to explain the real value of MGLG shares by using Shares, Assets, Best guesses on production numbers, etc, but I think that only carries some weight. Some of the numbers being used are extrapolations and some are outright guesses. Not to mention that half of the price of a stock is determined by group psychology of what people believe the stock is worth.

    I am not convinced the MM's know what they are doing with this stock or maybe they do . . . but it would be nice to let us know.

    That many posters (as Los Tibs) pointed out . . . seriously need to brush up on read'n and Write'n.

    So my prediction for tomorrow is . . . . Drum roll . . .
    We will see a quick spike up to .002 or so then a watch it deflate again. This will happen a few times during the day with a EOD of .0018

    That is what is on my slightly cracked crystal ball ...anyway
    Hey M -

    I am just putting it on cruise control and letting it rip!

    Those guys crack me up and have poor grammar and typing skills, but "Premarket" did make the phone calls and report. Kudos to him.

    He can't spell for shit and his grammar is terrible, but a smart mind is not always an educated mind.

    I am with you.....drum roll! And take the roller-coaster ride. It is long that counts.

    We are all (southern word) "handy" and still (southern expression) "in pocket" with this pig roast!

    Bill

  4. dread is offline
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    Joined: Jan 2009 Location: Chicago Posts: 454
    06-17-2009, 02:24 AM #194

    housing charts!!

    I was just slumming through housing charts and sites, here is one site with some good charts.

    I see you guys are focused on the pennies and sub-pennies.

    Here is what I am looking at right now,
    http://www.housingbubblenews.com/hou...ing-charts.php

    If anyone has more data and charts on this issue, it would be appreciated.

    Have a good one guys, and gals, be well!!! And enjoy the summer!!!

  5. atmgeek1 is offline
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    Joined: Jun 2009 Location: Baltimore Posts: 303
    06-17-2009, 06:41 AM #195
    [QUOTE=billhart22;36581]-


    I like Geek's thought about people being too nervous to dump before Monday on the chance that there might be news and then after Monday, who knows?

    Bill, I know it's not the most educated explaination but I was using my Eddie Murphy, (from the movie Trading Places), theory about someone not being able to buy thier kids the G.I. Joe with the kung fu grip. lol.

    After reading those other posts and several other ones since I was there, I am convinced that this site has some of the most sensable and respectable people in it...kudos to all!!! I am new to stocks and I feel lucky to have landed here. I do not plan to make a career out of this by far but noone I personally know does this kind of stuff, so it's nice to be able to join this "support" group and speculate.

    OK, sorry for the touchy feely stuff, just had to get that out there. It's too early and I'm alittle out of sorts

  6. billhart22 is offline
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    Joined: Dec 2008 Posts: 4,896
    06-17-2009, 09:12 AM #196

    It's Morning!

    That reminds me of when I was in Viet Nam. Every morning that we were in the rear we would hear that disc jockey come on Armed Forces Radio with the "Good Morning Viet Nam" thing like in the movie. That was for real.

    So it's off to to trenches this morning with MGLG.

    BCLE is a great buy...it is a long, but it will pay big one of these days IMO. DYODD for those that have not checked it out yet.

    I am not sure what will happen today, but I like Magician's MGLG take on .0018. That seems plausible for today. I like Geek's thoughts and all the others.

    I guess I will go read IHub and see what they are thinking, lol. I was cracking up last night after Tib posted. I liked Shots post a lot.

    Shots - I hope that you are feeling all right this morning!

    If you have any thoughts on today and during the day, please post them.

    Bill

  7. bassmaster is offline
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    Joined: Mar 2009 Posts: 1,216
    06-17-2009, 09:27 AM #197
    good morning. today will be a good day

  8. billhart22 is offline
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    Joined: Dec 2008 Posts: 4,896
    06-17-2009, 09:29 AM #198
    Good Morning Bass - Looks like MGLG will be .0016 or .0017 out of the gate.

    These days sure go by fast!

  9. Los Tiburones is offline
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    Joined: Feb 2009 Location: California Posts: 1,015
    06-17-2009, 09:34 AM #199
    Here is the kicker, Tib -

    Earlier in the day, "Premarket" (the guy who made all of the calls and such) was climbing up a guys ass and asking him if he had ever gone to school and learned to read and write.

    I about choked when I read that.
    ...

    Hilarious!



    Quote Originally Posted by Stock Magician View Post
    Bill and the gang of MGLGers

    I have read the posts (in other forums) that attempt to explain the real value of MGLG shares by using Shares, Assets, Best guesses on production numbers, etc, but I think that only carries some weight. Some of the numbers being used are extrapolations and some are outright guesses. Not to mention that half of the price of a stock is determined by group psychology of what people believe the stock is worth.
    Sounds like SIRI ... well depending on how one want's to look at that - We would be over a buck .... ah, nevermind

    But I think perception is huge, psychology ... that group think - without a doubt - I think that's where the analysts and eh, hem ... 'journalists' can help or hinder, in the case of sxm it just goes without saying. Seen it with my own company's stock time and again and would think to myself 'If you only knew'!

    Scatterbrained this morning, only on my second cup of java here ... Being on the late end of things with mglg compared to you guy's I have nothing but patience - Of course being a SIRI holder has given me a straight jacket on that angle.

    You guy's are great - After lurking for so long and finally jumping into the fray ... It's just the honesty factor and the sheer willingness to help each other sort through things, very, very cool.

  10. billhart22 is offline
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    06-17-2009, 09:46 AM #200

    Mglg

    We are at .0016 now. Time to move on up to the "east side".

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