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Kind of stumbling a little bit out of the gate this morning, Victor. What gives?
OCTX Trend Analysis....Just out of interest I was comparing Friday's behavior with it's past trend and observed that OCTX has similar trend on Tuesday(sharp fall in the morning - slow downward direction till midday and then shooting up in the final hours). The traded volumes were also comparable. Everybody know what happened after steady trend on Tuesday. I guess the same trend will be repeated this week. As mentioned on my other post, I guess people watching OCTX and deciding on their move will jump early this week.
Also, OCTX has reported that it is working on its second reserve and will be issuing the seismic report on the first sometime soon in May. So, I am expecting to see OCTX between $12 and $15 by the end of this week. FRIENDS DO NOT GET PANIC OF THE LITTLE DIPS FROM DAY TRADERS. OCTX is a long term bet with high rate of returns for those of us in the game now. WE ARE IN THE RIGHT PLACE AT THE RIGHT TIME and its all about it in the share market.
I forget, does OCTX have an actual business or is it only a vehicle for trading stock and not the valuation thereof?
Will see a huge rise late Today or Early Monday......if my thinking is right, we will see OCTX shooting up late today or early Monday. I know some of our friends have been silently watching OCTX since last week and are still deciding on their move. All of them will jump in late today or early Monday.
Friends, if you are one of those, don't wait till it shoots up....act fast...
Those who bought OCTX on Monday are almost close to doubling their investment. Friends...HOLD on to your part...don't get panic with little dips, that's just because of day traders. OCTX has proved that BEARS can't stand against it and also it doesn't need any fake promises to boost it's price.
OCTX has announced yesterday that it's looking into second venture. As soon as they release the seismic report on the first and reservoir characteristics of the second, I believe OCTX will be between $15 to $20. OCTX is a longterm bet with huge profits. Stock market is all about being in the right place at the right time and WE ARE...
My Friend, thank you for sharing your opinion. But that's not true. Go back to previous discussions on the same topic. See if you still believe that your thinking is right?????
By the way, promoters do nothing but promote stocks. They have no direct control over the buying habits of specific investors. They also have no control over what the company is actually doing to merit investment.
The promoters are doing an excellent job of creating Pavlovian dip-buying behaviors by penny stock day traders. One day, the dip will become the dump with no chance of exiting a long position. Disclosure - very small short position - borrows very limited at IB...
No worries. Some people just taking their profits. On the rise again.
Absolutely love this stock. Looking forward to further moves upward.
HaH HaH HaHppy HAHPPY HAHPPY, Sweet,good news should put this in the $12.00 to $15.00 range
this one is so much fun to watch, amazing
$7.29 and MOVING UP - POWER HOUR STARTED...GET YOUR PART BEFORE ITS TOO LATE..
Not yet, Victor. Still working on it. But I guess we chased those bears out of here. The stock is soaring!
Good news...........................................
Mousepotato, did you hear anything from your internal contacts.....I know, presently they are very confident about the production rates and are going to issue the report early May (nor sure on when the report is going to be public).
Please post if you hear anything from your contacts.
Close to $7.00 before POWER HOUR....my prediction ($8.00 EoB today) might come true
OCTX opened at $6.60. It will cross $8.00 (Just my guess based on the early morning buy-in volume)...dude,stop worrying about me and get your OCTX shares.
Skrilldavy, you are right in general, BUT, OCTX has proved that it has assets and they are growing their Engineering team (hiring drilling engineers in addition to the Geologists). Read the report on their assets.
On your comment on promotion - they are just doing whatever they can do to make their name heard in the industry. Just read all their promotions and you will see them talking about their assets and plan forward (most of the time if not all the time) but not making false promises. As you said Scamers just concentrate on their share price as they don't have anything to promote. As far as OCTX is concerned, they have proven assets and their promotion just helps you to grow your hard earned money if you own their shares
If you are not satisfied with my answer, just think of it - there is no promotion or PR today - Why do you think the price moved up by 23% - As I mentioned in my previous post, you will see the reality when there are no market emotions (NO BULLS, NO BEARS, NO PR's).
Exactly... real companies promote their products. Pump and dumps promote their shares. can't you tell the difference between an advertisement for a product and a paid stock promotion? Why does octx have to promote it's shares? Seems like a waste of their valuable and scarce money which supposedly they need for oil exploration. Right? Explain how I'm wrong about this, if you think I am.
No real oil company resorts to phony newsletters and banner mobile ads (yes that's how I learned of this scam) to pump their stock. They advertise their product, yes, but not their shares.
$6.27 from $4.73 with no PROMOTION....AGAIN...No BULLS, NO PRs, NO BEARS....it's when you see the reality....IT'S NOT LATE YET...I believe people getting in now can still double on their investment....IT"S BETTER LATE THAN NEVER...
DUSSFAN..I have to admit that you did quite a bit of research BUT, I think there's little more to be done. You cannot compare OIL SAND RESERVES with reserves in TEXAS. OIL sands are way porous and the recovery rates rates are relatively double. I am not worried about the cash in their hand....I am looking at their future potential and the way they laying the foundation for future...their present reserves are highly porous with high recovery rates. Presently they are doing seismic analysis and that report will the whole story. Based on available data, for reserves with that kind of data, the recovery rates are higher.
Also, couple of other things - they started hiring drilling team and that's not on news now (again this is part of the insiders game. This news will be out until the price is above the it's previous highs). Why do you think they are doing it? They are seriously concentrating on high returns and very careful and cautious about their leases. Look at the stock price behavior with the buy/sell volumes. Starting from last Thursday, there are some large outs and ins for no reason. The first "large out" started on Thursday for no reason (no bearish news) and then BEARS started attacking. BEARS are successful driving it down to $4.50 and then they are silent insider activity of buying huge chunks with no BULLISH news. Carefully observe all this events....IT'S BACK ON TRACK
You said there are plenty of other companies in the US who are producers. Here is an example. Look at IDNG, a US oil and gas research company sitting on good producing properties in Texas. Now look at the stock price. Many folks do not think they will ever be a major producer, or it may take a lot of time before they get there. OCTX is already sitting on land that is capable of generating 2 billion barrels of oil.
Why don't you take the time to READ why OCTX is different. They have acquired and are sitting on acreage of proven reserves. It is fact. The upside potential of what they have as assets is what is driving the stock price. Again, they are DEV/TST mode right now, so there are no revenues, which is why these guys are listing on teh OTC. That will likely change at the end of this year, when drilling starts and the oil sands produce. If they were already producing, they wouldn't be on the OTC but a major board. Read up.
Hey good post. If you are doing what you say that is fine and here on these bullboards it is just opinion. If you make lots of money on this I am happy for you, that is what it is all about.
The reason I don't think it is worth 10.00 is because it gives it a 250 million market cap. It has basically no cash. Here in canada especially northern alberta rigs and drilling are very expensive. Most oil stocks in canada have been declining the last 12 months because they are getting less than the west texas price of crude because of the transportation prices and the fact that americans don't want to buy the stocks right now because of the differencial. There are oil companies in alberta with 250 million cap or less doing over 2000 boe a day. They have cash to drill. Some of these are light crude with higher net backs. Yes there is lots of oil in alberta but there are lots of oil companies with good land who can't get financing right now. Why buy a company with no cash and no revenue when there are plenty of companies all over north america that are producers that are smaller than this company at 10.00 I am curious to know why you think it is worth so much.
Even Gxxxle and Axxle rely on promotions on their new products.....nothing can be done without promotion and for a exploration company like OCTX....it needs promotion and I believe that's how you heard about OCTX.
You are right Stockmyser.....OCTX will sonn cross $10.00. With no market emotions (no BEARS - No BULLS - NO PR's) you will see the right behavior of the stock and that's what happening with OCTX...
I'm not betting against it. And I'm not hoping the stock will fail, I'm simply saying it is inevitable. The OTC is where P&D scams trade, whether you want to admit it or not. If this was a real company with real potential it wouldn't have needed an advertising campaign identical to every other p&d. And it wouldn't be inexplicably based in switzerland. And the executives wouldn't be day trading the stock if they truly believed
I bought some this morning under $5.00 and I'm thinking your dead wrong in your silly assumption,could easily see $6.00--$6.50 today and will likely see $10.00 or $12.00 before 3.00
DUSSFAN...I am not selling anything to anyone....I am just sharing my opinion...with all the respect I value your opinion too.....If you can, please explain why is OCTX at 5.90 without any PUMP or PR....Also you can see couple of 20K buy-ins....for all the statements I made, I added supporting explaination....It will be helpful if you can do the same.....Thanks for all your opinion sharing..
I hope no one actually would buy this on that recommendation. It will be 3.00 before it is 10.00
At $5.45 - gaining momentum (with no news)....It's just because of the BEARS the price tumbled (part of insiders game) and not because it's P&D.
Jump in before it's too late...with no time OCTX will cross it's previous highs.
You're right on the money, Victor. I have also reached out to a couple of internal resources "in the know" and expect to hear more back in a couple of days. But what I've learned so far is that, one, this is absolutely NOT a pump and dump and, two, this is in fact a development phase and testing operation. If you read their PRs, they plan to start test drilling later in the summer/fall time frame, but the areas they acquired are proven. Since they are in DEV/TST phase, no one expects revenues coming in right away. They are totally SEC compliant in their reports and findings, and are the largest and controlling shareholder of CEC North Star LTD. Read their FAQs for additional details about their holdings: http://www.octagon-88.com/faq. They are sitting on a potential gold mine: "The Company has acquired through a series of transactions a large contiguous land block of oilsands leases in north-western Alberta in the Peace River block of the 'Carbonate Triangle'. That block of land currently consists of 61 sections of 100% oilsands leases approximately 74 kilometers northwest of the Town of Peace River. CEC North Star has an agreement with its joint-venture partner to acquire an additional 21 sections of oilsands leases in an adjacent block."
It's trading above 5.15 after hours....just a simple question to all the BEARS...with 3 bearish news and not even a single BULL or a PR from the company, the stock moved from $4.40 to $5.10+....what do you think of it........insiders dumped their stocks at $11 to make some real big money (google to check out the price they got their shares for...less than $0.10)....they are trying to push out as many as possible and drive the price down...they kind of started jumping in.......those who are out...just get your part...those who are already in....just hold and wait
On the another note, I saw posts on the company's reported losses with no revenue.....I would expect that for a start-up (exploration stage company). Look at their strategic moves....they clearly stated that OCTX's goal is to create value to share holders (make money) by acquiring lucrative fields and that's what they are doing...REMEMBER....you will see STRONG BULLISH TRENDS and all the BEARS will remain SILENT...it's all part of the game....AGAIN...ITS THE BEST TIME TO GET IN....
Also, read the report they issued yesterday or the day before....they have very good reserves. They are going to issue a report on the recovery rate by the end of May. With that kind of porous reservoirs, the recovery rates will be higher and once that news is out, you will see the stock price sky rocketing....
And yet this is such a board. So why all the negative posts? IMHO, reducing the OTC investor pool to simply "crooks, daytraders, bagholders and suckers" is inaccurate, pejorative, derogatory, condescending, and just plain nonsense - not to be taken seriously.
You will find very few "investors" play the OTC and pink sheets. Only crooks,daytraders and thousands of bagholders, commonly known as Suckers!
Enjoy the comments while you can, in a month there will be no comments on here because there will be no interest.
I stand by my comments.
Especially with 0 revenue
Yeah, really. This company isn't worth ANY market cap at all.
I couldn't disagree more.
1. My posts are highly valuable, because I am being honest and pointing out facts. You just don't like them.
2. I am not shorting this stock. I am not waiting for an opportunity to go long. I will never take a position on either side of this heaping pile of feces.
3. It won't pan out, because it IS a p&d.
I used "Decent" as we don't have any info on the field development...with a good field plan we can optimistically say "Very Good"...
It's at $5.15..gaining momentum...get your part before it's too late
Decent or good production well results, Victor? It appears from the report that they're very pleased with the results. AND ... the stock is moving back up.
Watch out the slow build-up.....it's not late yet...
It's about the technical stuff in the first paragraph "consisting of Depth 440-470 (m), Gross Pay approximately 20 (m). Calculated porosity range from 24% to 32%, Permeability range of the samples of .5 to 2.8 darcies with the median about 1.2 darcies, Oil Saturation range from 60 to 80%, Oil Gravity 10.73 (API) at reservoir conditions in the lower zone. No API was obtained from the upper zones.". The data provided relates to decent production wells in that part of the world. If the report is true (assuming it's true) and with insiders play, OCTX will be back to $10+
Victor, what do you know? Need some good news here. Do you have some specific knowledge about this report?
not to mention this stock has been cease traded in Canada
With only $7,000 cash on hand and consistent year to year net loss you can't lose right?
Based on last Quarterly report.
Look at the Equity Profile Survey results...65% BUY; 5% Sell, 25 % HOLD
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