Magellan Energy, Ltd. (MGLG)

[rich2]

from a stock chart analysis board

Moving Averages analysis
Price and moving averages has closed above its Short term moving average. Short term moving average is below its mid-term; and below long term moving averages. From the relationship between price and moving averages; we can see that: this stock is NEUTRAL in short-term; and BEARISH in mid-long term.
Bollinger Bands Analysis
Bollinger Bands has closed below upper band by 43.3%; above bottom band by 56.7%; Bollinger Bands are 733.3% wider than normal.The large width of the bands suggest high volatility as compared to MGLG's normal range. The bands have been in this wide range for 11 bars. This is often a sign that the current trend may be ending.

[rich2]

I never believe I loose,


Believe we can all win


If I loose it all, so what, I will just go at it again.

Once I have an investment, I only allow myself to think I win


right now oil is priced high, politicians are clamoring for "WARP SPEED" to our energy independence


many things are lining up for a season, a shorter season than many might think, cause Putin will lose AND WE CAN ALL WIN.

[rich2]

I check on yahoo finance

Today was 8,310,000 volume

I think I have seen that exact same volume a number of times before


looking well

[tykerules]

I really hope this comes back to life but my bet would be on tax write offs.

[symdn]

8mil volume

[sony12]

More buying!

[peasant]

Retail buying closed-Instit. Buys? Vol since Dec 2021132894122 Been a Long wait-Hopefully $$$ for us stubborn folks soon here. GLT All here.

[trackkwizzard]

Call some local bars in Morgan County Tenn and ask if they're getting
an influx of oil men as customers lately. I'll bet they are.

$$$$$ $MGLG

[rich2]

Just checked Yahoo finance


todays volume over 98 million

Crude oil over $ 127.00

we may all be in for a treat

[trackkwizzard]

Good. I'm excited. Who knows how many wells they have now? They have been silent for so long.
Could be huge and awesome.

$$$$$ $MGLG

[sony12]

Right with you!

[trackkwizzard]

.05 nickel or higher. Was a nickel when I first discovered it. Rode it down to .0001
WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE Loaded the .0001's Now they can have some back for a nickel. I SAID, S O M E... Weeeeeeeeeeeeeeeeeeeeeeeee

$$$$$ $MGLG

[sony12]

Hope so!

[totffe]

Something is up. Schwab won't let me put a GTC sell order in saying I have to call it in. I'll give them a buzz and see if they know anything. But, given the situation in Ukraine and our own failed energy policies, one has to hope that Magellan's capped wells might be coming back into play.

[sony12]

Fire those oil wells up and natural gas!

[totffe]

98 million shares traded today. Get ready

[tykerules]

Maybe someone buying it up for a run. I doubt it but one can always dream.

[Bob Mullet]

Wow. Massive sub-dollar movement.

[sony12]

400,000 volume

[sony12]

FIRE THE OIL WELLS UP!!!!!!

[sony12]

Wished they would re open and get the oil and natural gas out that’s there!

[rich2]

CHECKED THIS AM YAHOO FINANCE SAID VOL= 100,000


I WAS I THE PROCESS OF GETTING RID OF ALL AND KEPT THE LAST GROUP

OIL TOPING $105

SURE GLAD I HELD ON


NOW PATIENCE

[rich2]

CHECKED THIS AM YAHOO FINANCE SAID VOL= 100,000


I WAS I THE PROCESS OF GETTING RID OF ALL AND KEPT THE LAST GROUP

OIL TOPING $105

SURE GLAD I HELD ON


NOW PATIENCE

[symdn]

Gotcha, thanks for the update. Still holding, no other option but to wait

[rich2]

I usually check "yahoo finance" just checked it said


volume =100,000

[symdn]

I didn't see any, where did you see that?

[sony12]

More trades

[sony12]

Right with you!

[rich2]

Checked again 0n 1-25-22

said 320,000 was the volume

every time I check it shows a volume

Since I started checking it could total 65 million or more


patiently I must wait and see

[tykerules]

Its probably just people writing it off for taxes but hoping it comes back to life.

[rich2]

I don't check every day for MGLG on yahoo finance,

when I do it usually shows a volume

Today when I checked it was 320K shares


some slow accumulation is goin on

[rich2]

Thanks for your input








MGLG could get very surprising

[trackkwizzard]

REUTERS
"U.S. oil producers ramp up fracking in sign of stronger output gains"

Companies are fracking in Texas.

Don't know anything about Tennessee or Oklahoma.

I'd say by September if it is ever to come alive again.

All we can do is wait.

$$$$$$$ $MGLG

[rich2]

So I guess it is just wait and see

the volume of over 11 million shares the other day looked interesting


price of oil 82/barrel

I live in Redlands California price of gas where I live is close to 5.00/gallon

Could help buy some gas

[trackkwizzard]

In the past, before Sept.

[rich2]

You mentioned getting more

I use TD Ameritrade

"not accepting opening orders on Caveat Emptor OTC securities."

how are you getting more TIA

[trackkwizzard]

Sony, I know you are.

[sony12]

Right with you my friend!

[trackkwizzard]

14 years was plenty enough time for the DTC and SEC to unravel the mess this became years ago.
Court battle between two owners also was in the mix.
Fascinating stories within stories.
When I first bought this it was trading in pennies.
I never knew there was such a thing as doubs and triple zero stocks.
But I now know how high they can FLY, so yeah, took a chance and continued to hold, adding as well.
No regrets, happily waiting.

$$$$$ $MGLG Best of luck to the company and all of us as well.

[rich2]

You told me you were hanging on when I first asked you a while back


I was going to try to get rid of my shares, even forgot I had them.


This could get exciting



Thank you



Your thoughts caused me to re-think

[symdn]

I really hope so, going into 14 years now

[trackkwizzard]

https://www.reuters.com/business/energy/oil-prices-could-hit-100-demand-outstrips-supply-analysts-say-2022-01-12/

Spring time maybe they will uncap some wells.

$$$$$$$ $MGLG I still love you baby.

[trackkwizzard]

No thoughts other than a very high opening price if it ever comes off the grays. Hence, any sell order might be too low.

Pennies, nickels, and dimes.

[rich2]

A few of us have noticed some volume for a small amount many days


Today you can see there that the volume was 11,525,000, above normal activity

[tykerules]

What activity? Did I miss something?

[rich2]

Would appreciate you thoughts on todays activity for MGLG

[rich2]

I saw it too, maybe in 2022 it comes alive again

[symdn]

Its showing a big volume, or am I not seeing this correctly?

[Bob Mullet]

To. The. Moon.

[tykerules]

Most likely but I still have that small sliver of hope that I know will not going anywhere but its still there somehow.