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You think the upward momentum will continue in the short term or is this a long term buy?
Added a few more shares today... :) GLTA
MNEL: needs to consolidate for a few days. over 100% run in two days is amazing.
1.50s will come again ;)
Think your about 20 min late on that one there...
MNEL dropping back to 1.50s
I'm right there with ya. Looks like a great one to hold and...like at the open, buy on the dips. I never over-look a play bouncing off a 52-week low that's trading like it has a decent sized short interest in it. MNEL is that play. Hate to see folks get paniced with opens like today's, but IMO it's needed to ensure a healthy chart and steady incremental moves up...whether those moves come daily or weekly. This one's good.
Yea but the bigger problem is they are basically saying their bio diesel can't compete due to the tax system in the country where they make it, and that people can find cheaper bio diesel, so that is what worries me more than them losing 14 million from that contract...
I just saw that. Disappoiting.
Quick drop this morning but a heck of a recovery. Would have been nice to pick up some of those 1.50s
You're right! Doesn't look good for March and April
imo
http://missionnewenergy.com/files/1077089.pdf
And yes, its pretty bad news... Like legit bad news, not like the bs crazytrain was trying to push...
Bad News? Where's the link for the recent bad news, that people's talking about?
thanks
Locking in profits is never bad. Great job!
Yup, we'll let the buyers and sellers decide.
Its still undervalued so who knows...
Indeed. Im selling but will be buying back after the imo expected drop. Again, I hope Im wrong and will be celebrating with those who stay if it runs despite news.
Sell then... To me, it sounds like it might take a dive today due to that pretty bad news about the 40 million dollar contract. The issue isn't with the contract it self, but with the fact that they state they can't compete with bio diesel companies in other countries due to the tax system in the one where they make it.
The revenue increase was approximately 3 million dollars the last 3 month compared to the 18 million the quarter ending september.
This report is overlapping with the last one so it doesnt sound bad.
My $1.68 sale yesterday is looking pretty good today. Looks like the stock will take a dive today on the news if premarket is any indication. Too bad too. It looked like it would run another day.
They eliminated a ton of debt, which yes, increased profits, which is a fantastic thing. One might be worried, but they also tripled revenue for the quarter, which shows they have plenty of income. On top of that, NONE of the 40 million dollar, 6 month contract revenue and profit is even included in this...
The other PR how ever is not so good....
They had a net profit of 8.4 million the hthree months ended sept 2011. They had a net profit of 3.8 million the 6 months ended dec 2011. They lost money the past 3 months.
Please read the posted article in my last msg. Im a long so this is disappointing to me, im just trying to be real.
Perhaps i have misread (and I hope thats the case) but most of the profit is from savings on restructuring of notes. Also this news is covering a 6 month period, the first three months of which was more profitable than the last based on their last filing. Also, this article was released...
http://missionnewenergy.com/files/1077089.pdf
Not only that, but this is for the period ending Dec 2011.... So this isn't even including any of the revenue from the 40 million dollar 6 month contract, which they just started receiving in Jan.
Company posts good fins/info. People will try to discount it. Just like when there is a loss, people will try to justify that it is not that bad.
So trippling the revenue and going from a 14 million dollar loss to a 3.8 million dollar profit is "underwhelming" ? Man what world do you live in......
Thats kind of underwhelming
Financials of $3.8M Net Profit Filed/Reported
http://www.missionnewenergy.com/files/1077404.pdf
half yearly revenue of $20,3 million (31 December 2010: $5.7 million) and net profit after tax of $3.8 million (31 December 2010: Loss of $14.0 million) for the six months ended on 31 December 2011. The increase in revenue and profit between the reporting periods is primarily as a result of a gain (non cash) on settlement of the series one convertible notes during the most recent reporting period.
Opening & Closing price today
Open 1.83- 1.85
Close 2.25 - 2.3
Going to open up today at $2.00!
I think you made your point cleared. You can lead a horse to water ONLY.
lol MM working overtime
it's very low volume. Don't have to worry about it
I'll check it out...be there after it tanks some more....
Crossed over and volume cometh...
LOL...hey bro...yep been in for a few days now...caught her on the 8th and 9th. Been busy on a couple other rockers..... this one is just nice steady climber.... solid.... weeeeeeeeeeeee time.....chart is looking really good....told some peeps, this is too good to pass up....
Hey Lotto. When did you sneak in here? LOL...Good to see you out on the Boards. You MasterT...a few other buds too. Nice....and what a beautiful chart she is. Ready for this party bro.
It's funny. Despite the tight SS and the bounce off the bottom on strong volume Friday, looks like shorts are still working on doubling down. Loving the close. Looking forward to tomorrow. Hoping that report of an ER upcoming is what's making this continue upward. With the reduced SS, EPS should be better than last year.
MNEL
Thank you much. Wishing everyone to be very successful in their every trade. Regards!
MACD crossing; RSI just into power zone, this one has more upside left for sure IMO if it wants it!
Beautiful call MasterT
I saw that....you think I don't keep one or two of my six eyes on you? lolzzzzzzzzzzz
Hey bro.. Look at the date and the PPS. hehe
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71581574&txt2find=mnel
Hey MT.... Great to see you here.....
Someone posted on the yahoo board that it was their sell AH because they had a margin call. Take it for what it's worth lol.
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