Market Watch for the week 8/3/2009

[Alaska Guy]

Bass

I am in a gamblin mood! I like your analysis! Already holding significant position in MGLG...However, an additional 1K will significant reduce my cost basis with minimal risk to new cash...with any positive news...will surely be able to recoup my investment!

I have 4.2 million reasons why I'm hoping for a PR to come out soon!!! Aren't we all just gambling anyways, JK . I never did well when I went to Vegas!! This is much more fun!!!!!

[just sirius]

A.G.

Gotcha beat...5.6M reasons for the pr to be good! Different kind of gamblin...it's not all or nothing! thank god...or I'd be broke!

[Alaska Guy]

I hear ya there!!!

[bigsandy]

bigsandy--

Who or what is PSC? I keep seeing these initials...

Thanks.

Hey Greg:

PSC= Pennystockchasers.com

[bigsandy]

i dont want anybody taking this as a pump. if you feel like the gambling type, i think MGLG is the best spot right now. unless you guys have some short term plays coming up or are already "all in".

the bottom of magellan is .0003 , its at .0006/7 right now. when a production PR comes out, the biggest resistance i see is at .0027. so if you put 1k your looking at almost a 4:1 payoff. but the downside risk is half. so in essence a 1k bet will get you 4k, but you can roughly lose 500. basically risking 500 to win 4k which is giving you 8:1 odds. thats at a .0007 buy, the odds are even juicer if you get in at .0006.

the only thing here is patience, we have been expecting this pr for a long time. so who knows when it will come out. and i am only putting out this post as a gambling play from my casino experience.lol.. and btw, my odds are based upon you selling if the price drops to .0003. and the upside reward can be even higher depending on how good the news is. gl. tell me what you think of this play as how i described it. i definitely want to know what you guys think whether or not you follow it.

Bass:

I'm with you. Stock has been holding it's own. I'm thinking the 'weak' have been shaken out and the longs are hanging on for the PR. Anyone's guess as to whether the PR will be good or bad, but as you said..PPS will rise just on the news then shake out when people figure out what the news means.

If i had dry powder I'd join you in the 1k challenge..lol. Unfortunately, my $$ is tied up in a bunch of stocks collecting dust waiting on news. If anything breaks loose, I'm loading up on MGLG. If I were a guessing man, I'd say the news will come mid to late Aug. Wouldn't hurt if they shared numbers now with Oil over 70 bucks....

JMO...as well all say.

[bigsandy]

Hi all, wow what a crazy few days!!! Been watching siri today and tried selling out of my overcore position of around 10k shares @ .60, but woke up a little too late and missed the runup . I didn't expect it to end down for the day, maybe tomorrow, im hoping to sell to buyback with a few more shares.

Whats up with behl? I'm hoping for a run on that at least back in the teens. I will be playing that differently next time around. If I would have timed it right, I couldve doubled my shares too!

Both evfl and encs ended up 100% or +.0001, but good luck trying to sell them. I think I'll wait till we move up a little more and maybe with some luck I could flip them a few times.

IFSL - I'm back and forth on this one, I put a sell in at .0031, but it didn't take. The whole bogus website discussions got me worried. Reminded me of another purely speculative stock I owned, remember PGYC?. Got burned on
that one.

let's hope for a greener day tomorrow, I could sure use one to brighten up my spirits

AG: I'm with you man, I got red running all over my accounts and my 400% up on BEHL got blown away.

Maybe the rapidly approaching end of summer will wake some of these sleeping stocks up.

Hangin in there.....

[atmgeek1]

I was thinking of what my exit strategy might be if the pr EVER comes out. I'm wondering how many people might sell on the first pop because of impatients. Reading the other forums, so many people are frustrated with the wait, how many would dump on a small run up to...oh lets say .0017, just to get out becaused they may have soured. OR will people have a short memory when the pr hits and forget how they feel. Anyone have any experience on waiting this long for a pr? Besides waiting for the iphone app from Siri

[atmgeek1]

Bass:

I'm with you. Stock has been holding it's own. I'm thinking the 'weak' have been shaken out and the longs are hanging on for the PR. Anyone's guess as to whether the PR will be good or bad, but as you said..PPS will rise just on the news then shake out when people figure out what the news means.

If i had dry powder I'd join you in the 1k challenge..lol. Unfortunately, my $$ is tied up in a bunch of stocks collecting dust waiting on news. If anything breaks loose, I'm loading up on MGLG. If I were a guessing man, I'd say the news will come mid to late Aug. Wouldn't hurt if they shared numbers now with Oil over 70 bucks....

JMO...as well all say.

I'd also join you guys if I had some dry powder but I already have 2.3M shares at a litttle higher avg of .001. I'd like to avg down some more but siri would have to hit .60 tomorrow for me to sell, which I doubt will happen, but hoping

[just sirius]

ATM

had a plan for Siri for todays run-up before CC...only changed it about 10 times! So, my plan for miggle is to wing it! Actually, will probably take initial investment off the table and let the rest ride! Miggle reminds me alot like siri...

[billhart22]

Hey Bill,

No worries man ...(I hate that stupid phrase! My old manager of the female persuasion used to drive me nuts saying it all the time ... How'd I get off on this tangent?) Anyway, don't feel obligated Bill ... I got a hunch you are like me and try and take care of everything that comes your way ... I have 3 email accounts, beside work (which is generally insane). The Yahoo I just gave up on ... Google is kind of a more 'public' account, it gets loaded up with all these penny stock, super dupper, 'your gonna be rich' newsletters and the like

After I quit giving out my main for everything but the most essential, the amount of junk just stopped ...

Man, SIRI is behaving so much more ... naturally ... the last week or so. I realize the run up to the CC but it seems as if the manipulation that was evident just all of a sudden stopped, true it's still early but from an observation standpoint ...

Played 'here kitty, kitty, kitty' with BEHL yesterday and pulled my .085 just as it was hitting ... of course it turned around and went up to .10 just as I did - Yes, you are all welcome

New iphone for the kid yesterday - Birthday Friday - Boy, he sure had some good timing, making him spring for the monthly data plan but I banked him the phone - Selling some stock and having some cash even if 95% is geared for debt pay down is such a new and welcomed thing ... it's been a good ten years of struggle and unfortunate fights over money, tough times, the former failed remodeling business, well, lets just say failed from a business perspective - Odd that I would met up with Bill in a trading places kind of situation - He leaving the corporate world to go into remodeling and me doing just the opposite ...

Miggle ... any day now

I just got back on the computer...it is after 9 P.M. here MST...I think I am just slacking, lol.