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NO.....L2 .10 (2) x .14 with 5 MMs.....unless they are trying a shake, it doesn't look good.
josh...would but technicals are my game, not the fundamentals. I am sure someone here can decipher it.
josh....no dumb questions. It's your money and one better know the game. I was in the Army 22 years.....you want accronyms......!!!!!!
FWIW=for what it's worth.
NITE is a market maker who I beleive works with Ameritrade.
Possible run today. NITE just went from .15 ask to .20 ask.
Good morning all. Hopefully an interesting day coming our way. More volume and more MMs would be a nice omen.
Have a nice day all.
eigth...some of my short term technical indicators (STO/Full STO/RSI) are showing overbought. Please remember...SHORT term indicator. CCI still looks strong. By tradable, I mean can I sell and pick up 10% more when I repurchase for the same dollar amount? Sometimes things go from overbought to oversold and I can't get the extra 10% before the move goes up again.
Also....my short term indicator can extend, but they are pretty extended now.
Please understand, I am not trying to rain on anyone's parade......just an opinion.
If we get news before the open tomorrow and get a gap up, I may lighten up a bit to repurchase when the gap is covered. I will not sell total position. For me to do that, I have to have 8 moons and 17 stars in line all saying TOP!!!!
Just trying to be realistic. Some of the indicators I follow (SHORT TERM) are getting somewhat toppy. Don't know if it a tradable move though.
js49886....UBSS was best ask at .149. He closed two seconds after the market closed. Only open MMs remain and of the open MMs.....16 is best ask.
Maybe they are waiting for the market to be down 200!!
Ask size:
.15 (2)
.16 (2)
.21 (1)
no ask (2)
Number of MMs bidding or asking at a current price......now.
.145 (1) x .15 (2).
The one at .145 is UBSS.
2 x 2 14 x 15....still 7.
You are welcome. .14 (2) x .145 (1)
Add number 7....SEAB.
Bid .115.....no ask.
I look for the party to begin when more MMs come on board.
Still 6 MMs......14 (1) x .145 (1).
What board....hope NOT Raging Bull!!!!!
Now 6 mms.
5 active......144 (2) x .15 (3).
L2: .144 (1) x .15 (3). 4 active MMs so far.
Good morning all. I trust everyone had a nice weekend and is set to get back down to the business at hand. Will be on the road today, but monitoring.
burnies....I agree with answer number 1...accumulating. Very rarely have I seen number 2....matching trades...they are in it for the dollar. Thanks for the reply.
burnies....did you sell at .139 near the end of the day? The reason I ask is because UBSS was at 135-139 for about the last hour. If you sold at 139....then he bought at his 139 ask which means he was accumulating at the ask when he could....which would be a real positive for Tuesday's open, if that were the case.
Have a nice weekend all. Remember our vets and our freedom.
PS: RAE....the day is over.
Steady as she goes. .137 x .139 one by one.
RAE:
2:44 PM Pilgrim Petroleum Corporation Announced Today Details of the Most Recent Acquisition of Leases
11:58 AM StockTargets Inc.: Investor targets increase on Pilgrim Petroleum Corp. stock (Pink Sheets: PGPM) following a recent analyst recommendation
trader....concur.
trader...need some volume to do that. Right now, we don't have it.
RaetherEnt: 51 minutes.
One ask left at 135.
Maybe we creep up into the close pending next week. 2 bidding 13.
L2 .13 (1) x .135 (2). No trades since PR.
IMO...very good PR. Gave some details of what we have and reported the delay also.
We got NEWS!!!!!
IRVING, Texas, May 26, 2006 (BUSINESS WIRE) -- Pilgrim Petroleum Corporation (Pink Sheets:PGPM) announced today the most recent acquisition of leases for its current asset portfolio located in Wichita County Texas. It includes: Waggoner, W.T. EST. "B" Lease with a cumulative of 162,599 BO, Waggoner "AN" Lease with a cumulative oil of 15,949 BO; Patton Lease with a cumulative 17,544 BO and 1 MMCF, Burnett "EE" with a cumulative of 53,141 BO. They constitute approximately 30 wells in a marginal production area and include processing equipment, acreage and existing production of approximately 25 bpd to 45 bpd. Pilgrim Petroleum will focus on a development strategy for the most promising lease properties and the reactivation of additional wells.
Pilgrim Petroleum Corporation CEO Rafael Pinedo said, "We are sure these acquisitions will add up a good contribution in our stream of revenues and in our asset portfolio. Pilgrim Petroleum is committed to growth and taking the necessary steps to value creation and long-term sustainability."
In addition Pilgrim Petroleum will release early next week the results of the Gustavson report along with details of the upcoming events associated with this important step.
About Pilgrim Petroleum Corporation.
Headquartered in Irving, Texas, Pilgrim Petroleum Corporation is a publicly traded company (Pink Sheets:PGPM). Pilgrim Petroleum Corporation is an independent oil and gas company. The company is acquiring oil and gas leases, producing properties, mineral rights, and surface interests primary on marginal fields. Once acquired, the company intends to redevelop each property to maximize the income from each property by refurbishing and improving the existing production.
Forward-Looking Statements: The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements.
2006 Pilgrim Petroleum Corporation. The information herein is subject to change without notice. Pilgrim Petroleum Corporation shall not be liable for technical or editorial errors or omissions contained herein.
SOURCE: Pilgrim Petroleum Corporation
CONTACT: Pilgrim Petroleum Corporation, Irving Eddie Monet, 619-864-0166 www.apetroleum.com
Copyright Business Wire 2006
KEYWORD: United States
North America
And the bid side:
.13
.125
.12
.10
.10
.04
Since it's somewhat slow...here's the ask side for the 6 MMs"
.135
.135
.15
.17
.21
$23.00
'willie_mac' ...I understood your post to say a PR if delayed until Tuesday. Since we didn't get the delayed PR yesterday.....I'm hoping we get the eval in about 30 minutes (they usually PR about 1:10 EST).
Volume picking up would confirm some sort of PR.
'willie_mac' ...looks like you're leading the way. .133 (1) x .135 (2).