Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I'd have to see better value before getting back in -- at .0009 to .001, even if it doesn't get down to those levels. I think Polaris explained it best. I think the company is much closer back to square one, certainly a more ethical company than many pinkies, but a brief price spike lower is what would have to happen to get me back in. Trading based on fluff right now. There's a lot of people who are going to dump anytime it gets near their much higher entry price.
Hate to sound like a basher but my low entry price before of .001 get me out at a profit even with yesterday's sharp, and warranted, plunge in price.
Entry price is everything.
I sold because that's precisely what I got to thinking, that the volume could dry up for a while and you can't get out.
Having said that, I believe an entry point is coming but is not right now, this has too much of the looks of a dead-cat bounce.
The lower channel trendline comes in at around .0009, if it stabilizes there in the days ahead would set a higher low from the .0008s set in early March.
I believe it would be worth a stab to pickup some there. I strongly believe the results were atrocious but VIRP is in the right sector and at some time will fly even if their properties don't pan out big.
Even IDCN is an uptrend.
I'm very thankful I didn't add any more shares, having a 1,075,000 -share position. I feel bad for the newcomers, this stock is going to have to consolidate at a new base for some time and I do not think we will see .004 for quite a while. I didn't add beyond 0.001, sold my position at .0014-.0016 today, looking to buy back at around .0008 - .001.
This results in this release look very poor and as someone posted earlier it looks like the company is starting back at square one.
The lesson I learned today was that without fail I will sell enough some to recoup my investment plus some profit and let the rest ride.
.0024 may have been the bottom.
Let's be realistic here. Big rises go in tandem with big dips. We went from the 20s to .004 in practically one day. This should be expected. If news is late that can also have an effect.
Could retrace to .002 -- that would be 62% retracement of the run from .008 to .0040.
I'm putting in an order at .0021. If it hits fine, if it doesn't fine.
Looking for another sideways trading day.
I highly doubt that, we haven't even tested .0029 yet. It could be a high-volume down day.
May head down to test .0029, good to buy at .0030. Suspect we may consolidate and close lower today. Buying looks temporarily exhausted, hence the gap to .0040 first thing in the morning. Probably resume uptrend tomorrow or Wednesday.
Now watch me be wrong.
Looks like a new lower range for a while.
In looking over the 2-month VIPR chart I see no unfilled gaps.
Agreed. I'm just going to kick back and wait for things to happen. Stocks always seem to move when you least expect them.
Time to relax. VIPR will go, will surprise us when it does. ICDN-type rise is possible.
Looks like it may be slow today. With a .0012 X .0014 bid/ask I would expect it to pull back to .0012 or so.
Hopefully goes up to the 200 DMA AT .0023 or as high as .0025 for this move. We could be surprised though and it moves even higher -- any thoughts?
No gap here to close. Look closely at your chart. There is no gap where the next day's low exceeds the previous day's high.
"ridurban, those who judge, shall also be judged, fwiw."
Digesting a company possibly far bigger than itself may actually be taking the company off of more simple, achievable goals like working over more wells, which over time would exponentially increase the the size and profitability of the company. In time the company (Lancaster and associates) would get their feet wet and then do things on a bigger scale.
I think you're response was a little quick.
Why every day do so many people say authoritatively that a PR will be out this week, that it will happen "for sure". Hope is a poor substitute for company progress.
Having said that, I bought this stock in the misplaced reliance on company projections. I was looking ONLY for progress on the Grimes wells. Executing the E Texas LOI, IMHO, is way beyond over the capabilities of Mr. Lancaster and other people behind the scenes and I expect a PR some day with some other subject as the headliner and buried in the bottom paragraph will be a "note" that the deal is dead.
I'm curious if the drop in crude price and natural gas has thrown LOI negotiations back to the drawing board. If the deal was based on $70 crude and $7 natural gas who knows where its at. If the deal falls thru then the rise in A/S can be used for dilution to cover cash shortfalls for company survival. I don't know $4.50 natural gas can cover production costs on existing wells.
We'll see. I think they're over their head here.
I've been a holder for the better part of the last year and the company's been a big disappointment. Another factor that's out of the company's control is natural gas prices. Any successful wells brought in may not cover production costs with prices this low. Unfortunately there's no OPEC to cut production when it comes to natural gas. I've been liquidating this pup since it broke down thru solid support and finished selling yesterday. I'll look again some time down the road if prices fall steeply from here, to about the penny range or so.
Unfortunately I just don't expect much of anything out of BIGN going forth. Management seems to be all bluster and no followthru, consequently the share price in a slow "death by a thousand cuts" price downtrend and looks to make new lows shortly. Sorry.
Waverider, good point about NG. NG, unlike crude, has already had 2/3 of its price chopped off in the lasy year. NG inventories are higher now than last year and I don't expect that much of an increase in price. Last year's NG price move was a blowoff top.
One thing I am curious about though. The properties in the E Texas LOI have significant crude production and I think crude has topped for the cycle and the baseline for the next year will be in the 50s and low 60s. If the LOI(s) are in indeed consummated I hope they don't pay too high a price based on projections of $70+/bbl crude prices. I hope a crude price drop somehow gets reflected in the final price.
How is NG down 2% (down 9.6 cents) holding strong?
I don't understand the psychology of investors who keep hoping about a company whose principal(s) have disappeared.
Can anyone, FORDGT, etc., give me a clue here.
This was a completed 5-wave ABCDE correction, agree looking for a 5-wave move up.
Arch, I should have been more specific. Testing .017 doesn't mean having to hit it. If it does go longer I would hope it hits a higher low, like .018 or .019, because if it goes to .017 and breaks below it, I agree that the stock is quite weak and a turnaround will be longer and more dificult.
Agreed about the overexuberance right now. I wouldn't be surprised, with or without news, that the stock will take a tumble to retest .017, take some hands out and then slowly move up.
I don't understand these people, 45 million, 38 million shares, why own stock in a company whose officer(s) have disappeared. These shares are worthless. Once you guys are done buying there'll be no one left to buy your shares. There are other real operating companies out here to profit on.
I agree, one well at a time is an achievable goal that's reasonable. As far as LOIs, I don't think anything's going to happen there, sounds pretty shaky.
Looks like a 5-wave correction to me.
futrcash, that's unfortunate. Guess that means another "buying opportunity" coming up. I will be buying more shares if the price gets below .02.
I said before, Sept would be our month. I'm hoping that isn't too optimistic.
We'll see a PR when we see it. The chart says not yet. Setting a lower low than the last low. I'll buy more at .02 or below. AMEP, on the other hand, is starting to turn around. IMHO, that one's going to release news before BIGN.
When the dog days of summer end this pup will move. If it gives me an earlier surprise me that'll only be icing on the cake. Something tells me the month of September might just be the time.
At any rate, drawing a line from the Oct '05 low thru the April low of .017ish trends up to a low of about .02.
September's only 5 weeks away. Both AMEP and BIGN are going to run big when they're ready.
Agreed. I don't have any expectations for news until after the summer ends. September sounds about right. I'll buy more shares if prices get back to about .02 or below, if not, I don't care, I have enough. Pennies move on their own time. The first wells always take longer than expected and as more wells come online the share prices increase exponentially. In the early days, most of the time share price is dead interrupted with short-lived spikes that some big holders aggressively sell into. Eventually the price will go up in more of an uptrend channel. Such is life in the penny lanes. .Oil & gas pennies move oexpect any news
I believe you may see a slowly increasing stock price. I do not beieve there will be any news because there are no operations or officers.
I must admit I continue to be surprised by KSWJ's slow, steady uptrend. It may just be that this stock has a life of its own created by traders and may continue to slowly move up. I do not believe, however, that there is anyone involved in any company operations or a bonafide oil sands extraction process behind it. As someone indicated a while back, some companies keep trading for a long time after they're defunct because they're never shut down. Those invested here may indeed make a decent profit.
Good luck.
Eat, can't imagine that you're moderator now. You're too bearish!!!
Shares of many small O&G companies are recently down. IMO the price of BIGN has shown some weakness from the ST downtrend in NG prices. This is one of the most unusual divergences I recall between NG prices and the crude price which is hitting new all-time highs above $75. May have to temper the cash flow projections a bit ST but longer term the NG trend will be higher.
I'm not sure what exposure BIGN has to crude relative to NG. Can anyone comment?
Unfortunately natural gas prices are most recently at $5.58 instead of $10.
KSWJ continues to power up as largest shareholders continue to sell to each other.