If IVC has a better-than-projected 2nd Qtr. and Wallstreetbets gets ahold of this I will be very pleased I'm sitting on this dog.
Other wise, woof woof I guess.

IVC has been hoovering close to it's 52 week low for several days. It got killed after quarterly report. Anyone have any insights on short interest direction, possible sale, etc.?

Thanks in advance. I do hold a position at an average of $2.06 and I like this play.

Xerox boards are very quiet, and no news either. This is down around the lows still, and is a big cap stock, so why not an opportunity. I recently made a buy and am up a little. Any words of wisdom out there?

Two downgrades in as many days.
Hasn't gone up like the rest of the stocks in the sector.
Bogged down in recent days.
I was fortunate enough to buy in at $3.50 and don't want to be greedy.

I'm out at $5.90 for now, may return later on. GLTA

Why would Moody's downgrade MRO? WTH is up with that?

Happy birthday "looking". I hope you get your wish, now blow out the candles. lol

MRO is now finding itself in a pretty narrow range with support at approx. $5.50 and resistance of approx. $5.80ish. Any chart readers out there want to take a gander at what we end the week with?

MRO should have just cut their dividend by half instead of cutting it out all together. Oh well what's done is done.

What a comedy, oil up, demand up, MRO down. Not going to shake me out though, let it ride.

GLTA

Kinda feels like MRO is being punished for a couple of days for not paying the dividend. I hope "sell in May and go away" does not apply to MRO this year. Can't help but be convinced that if the economy opens at a fast pace in May so demand increases fast, and storage goes down, that companies like MRO that are set up pretty well will benefit by significantly higher share price. Perhaps nothing earth shattering, but $7 to $8 heading into summer would be peachy, and not overly greedy on my part. I'm looking for $7.50 personally for a possible sell point, but depends on how bumpy the path to that is, I might get nervous and jump ship earlier if it struggles to get there, but hold if the rise is fast and steady. GLTA

I was hoping they would just cut the dividend in half, but oh well. I bet MRO still inches up tomorrow. Now the investors know MRO will not fall off the cliff.

I do not know.

Okay, MRO held it's own today. Now we get tonight's earning news behind us and resume the uptrend.

Lets see, if I was a big player in the know, and the market makers were willing to cooperate, I would push this down during the couple of days ahead of a good earnings report, and load up to take advantage of the huge pop after earnings.

I think I will sit tight om my shares a bought at $3.50 for now.

What todays action in MRO shows us is that stock prices are not really correlated with anything you read or see. The big players along with the market makers move prices up and down to make cabbage for themselves, and we little guys are left to ride along and use our best guess as to what we expect to happen.
MRO has not followed the crude price, or the Covid developments, or the storage capacity, etc.
Good news, it has a solid upward trajectory for the long hall (1 to 12 months).
So decide to trade the small ups and downs, or decide to hold long. I am hold long (in at $3.50) and expect to be rewarded with at least a double, perhaps a triple or quadruple if things go real well.
GLTA

APA is a beast. Congrats to you all. I chose MRO a few weeks back when given the choice and am pleased so far but wow, go APA.

All the gloom and doom, and MRO rallys 12% along with the sector.
Who can explain these weird anomalies, lol.
GLTA and have a prosperous weekend.

I'm not the sharpest knife in the drawer, but looks like options day today. Just sayin, price might have some correlation?

Finished the day virtually unscathed.

Thanks for posting articles, "Trading".
Picking a bottom is tough, but I really don't think MRO is heading down anymore. It's not a rocket ship like Apache right now, but I think it will be a steady eddy over the next weeks. I entered at $3.50 and have not had any buyer's remorse yet. I fully expect to double, just a matter of how long will it take, maybe weeks maybe months but still good return for patience.

Boy, this boat sure didn't go up with the rising tide today.

Agree.
Oil greases the skids of the US economy, we have enough to fill our needs, we don't need OPEC oil.
Hey, the gov helps prop up farmers.

Looks like some profit taking today from traders.

I still like $3.00 here, but feel patience is needed. I would like to make a buy and hold for a year (like money in the bank) to help retirement since interest rates at my bank suck.

This is what caught my eye:

"President Trump will meet later this week with U.S. oil executives to discuss possible financial assistance for the industry and tariffs on oil imports from Saudi Arabia, according to the Wall Street Journal."

He likes to resort to tariffs, and hey, if OPEC wants to act like a monopoly to drive frackers out of business then why shouldn't the US government protect our domestic oil.

A VP purchased 15,000 shares this week, shows he's confident at these levels. I like that.

Sorry, my spelling combined with spellcheck leads to "oops". I meant some of the smaller OPEC countries can produce pretty cheaply. Here is a thought though, US could shut down imports and use our own oil until OPEC comes to it's senses.

Thanks for the article. Doesn't seem possible, but a couple countries out there can break even at $10 ish costs. Need to get virus in our rear view mirror first I guess.

I sense a couple things here with MRO.
I think overall stocks will be looking for a lower low during april.
I think the end of the virus scare will make for a temporary pop because some probably think that that is what is holding oil down.

I strongly sense that after the crude oil price war is over, which could be a couple of months or more, MRO will be wounded but will be resilient enough to give us a 9 to 10 dollar stock by the end of the 3rd qtr.

If the US economy is only bruised by the epidemic and a recession does not set in, I believe post election we'll have a five bagger from the $3 level.

Agree its a solid long termer. I also believe its an easy double your money from this level, especially when Russia and Saudi kiss and make up.

I following this one pretty close. looking for around $3.00.
Thanks for any comments, advice'

I now believe there was no "Buy Back" of shares by TPAC as we would ordinarily define buyback. I believe there was a conversion from "Common" to "Preferred" to satisfy some very savvy inside investors at the expense of retail investors (whether intentional or not, after all it's "buyer beware" with pennys). I believe it started many months ago and is done for now until and unless the stock is knocked down again to 000's. I suspect this is on the very fringe of legal, but legal none the less. Obviously, IMHO, TPAC management has no guilt feelings about this, after all that is one of the methods by which pennys survive, and the SEC has no heartburn with it or they would say so. Some of us here have learned an expensive lesson in penny stock trading. Such is life. GLTA

Yes, he did say that & that would definitely be in the "good news" category. But little tid bits like gagging the TA make this interesting. After announcing and following through with a massive "outstanding" share reduction why suddenly being secretive about share count? Now if we see an announcement of an "authorized" share reduction that would really cement the perceived intentions of management. I sense that if this does not gap up Monday it may gap down, maybe creating an entry point for some one like perhaps me.lol

GLTA

I'm still persuaded that the 1.8 billion share reduction is done:

From June:
Trans-Pacific Aerospace Company, Inc. (“TPAC” or “Company”) (TPAC), is pleased to announce that it is reducing the number of outstanding common shares by a total of 778,952,234 common shares. These common shares will be removed from the outstanding shares of the Company effective immediately.

Bill McKay, CEO of TPAC stated: “We made a commitment to shareholders to reduce the number of common shares and we are living up to our commitment........


As well as the gag.

Still, congrats to all you multi baggers; Remember pigs get fat but hogs get slaughtered. GLTA

Does not matter how many converters, just that there is conversion going on. Good company, bad stock so far.

Valid reasoning BULL. I'm getting interested in BAA. GLTY

Correct me if I'm wrong:
Jun 800,000,000
Dec 700,000,000
Dec 300,000,000

Equals 1,800,000,000 (buyback complete)???????

Didn't the buyback start mid-year. Seems like there was 800 million buyback back then.

Congrats to all who got multi-baggers with TPAC!
(I sold at .0015; bought at .0010 months ago then suffered down to .0003s, so seized opportunity to escape at the first move up, so I'm ok).
Q's: Is the 1.8 billion buyback about complete now?
Where did TPAC get the $2 million dollars for the buyback?
What will price do now that buyback pressure is off?
GLTA

I wondered same thing. Company with no cash magically "buys" back hundreds of thousands of shares???? Something fishy me thinks.

In the stock market there are legal ways to rob people of their money, VOIS is one of them. imho glta

Unfortunately conversions go on for a long long time, years perhaps. Why would a company, who goes public for only one reason, to avoid paying back it's toxic debt, pay off their creditors with their hard earned profits if they don't have to. Company does well, employees get paid every two weeks, expansion takes place, and all on the backs of hapless retail investors who think, wrongly, that share price of a penny stock is somehow connected to how well the company is doing. PXYN is only one of many examples. Face it girls, conversions are a mainstay for this company for some time. Insiders won't be buying their own shares, institutions won't buy any either. Occasional quick trades are all PXYN is good for. GLTA

Careful:

quote-
"3) Chen Lin: I own, or my family owns, shares of the following companies mentioned in this interview: OceanaGold Corp., Gold Standard Ventures Corp., Pretium Resources Inc. and Alexco Resource Corp."

GLTA