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Boundas,
I personally got burned big time with KDKN, Tighe, SISM and Schlotter over 2 years ago. It just seems to me that the same pattern of flowery projections (all alibied as forward looking) is repeating itself all over again. COUGF, KDKN, SISM, Tighe, Schlotter and, apparently TAMO, are birds of the same feather in my view.
I was in your shoes. I finally had to suck it up and take my losses ... and learned from my mistakes.
If you play the game that Tighe, SISM and Schlotter are selling you must be nimble and recognize the pump. I am sure there are penny traders and shorters out there who make good money on such pumps by getting in early, taking a modest profit and moving on. But most get greedy (I know I did with early gains in KDKN over 2 years ago) and figure there is more easy money ahead. I learned the hard way it was simple promotion and no substance. The guys that make money on such pumps are generally the insiders who have millions of shares that are awarded to them at virtually no cost or the PR firms that buy in way early before the pump.
Not saying there aren't some real wizards out there who can beat the pumpers at their own game because there are. I am not one of those, however.
Most pennies are not good long term investment. COUGF and KDKN are certainly not good long term investments. These guys are slick and convince you this is the way to millions. Methinks not. Sure there is the occasional Microsoft at 10 cents a share but those are few and far between and I for one am not smart enough to find one of those.
I share your pain. I hope you will recover some of your investments but I am not optimistic. I would be pleased to be wrong in my assessment but I don't think I am.
Good luck.
Surf ... you are spot on. See my posts of a few minutes ago.
COUGF is a crap shoot, not an investment. Some will make money by fortunate or lucky timing ... those who got in at 5 bucks a share are sure to be hosed.
This is a penny (wolf) in sheep's clothing.
Now I get it. Seems that COUGF is son of KDKN.
Downloaded below from SISM website.
+++++++++++++++++++=
Industry: Oil & Gas Exploration & Production
Kodiak Energy Inc. US$0.105
KODIAK INVESTORS GET 61% OWNERSHIP IN COUGAR OIL & GAS
Owner of Kodiak Energy shares have an automatic ownership in Cougar Oil & Gas, Canada Inc. a publicly traded entity. Kodiak owns the majority in Cougar Oil & Gas if an investor owns or buys Kodiak shares he automatically gets a 61.56% ownership in Cougar Oil & Gas, as Kodiak holds 38,076,972 shares of Cougar, a producing E&P company with focused activities in the core areas of Central Alberta and the Horn River Basin in British Columbia.
Currently Cougar Oil and Gas produces in excess of 300 barrel of oil per day with a net back of more than $50 per barrel based on current economics. Besides its ownership in Cougar, Kodiak Energy will focus its activities mainly on its “Little Chicago” prospect in the central Mackenzie River Valley in the Northwest Territories and its CO² “Sofia” prospect located in New Mexico. Current commodity prices are unstable and uncertain and exploration expenditure at this time in N.W.T. and New Mexico is very risky, so Kodiak decided to put both projects on hold until commodity prices stabilizes on higher levels. Kodiak owns high quality 2D seismic on approx. 81 miles over the project in N.W.T and spent more than $16 million on land costs as well as $11 million on land costs on its Sofia prospect in New Mexico.
Now we do the math: According to Q2 financials from Kodiak Energy, dated July 30, 2010 and disclosed August 13, 2010, the total shareholder equity is $ 20,601,994 or $0.19 per
share based on 110,407,186 common shares issued and outstanding. The closing price of Cougar on Tuesday, October 27 was $1.65, giving KDKN's shareholding in Cougar value of
$62.8 million. The value of KDKN's shareholding in Cougar plus its own net book value of $20.6 million is $83.4 million ($0.76/share) as compared to a market cap of $11.6 million or
($0.1050/share).
++++++++++++++++++++++++++++
Tread carefully with this one. Make sure you DD includes KDKN.
Several years ago I fell hook, line and sinker on KDKN. The pumping research company was SISM and Schlotter was the wonder analyst. Have no idea what value being named a 4 star analyst by Starmine has to do with anything. Stock was surely going places like $200 a share or some such dream... and it has gone places ... straight in the crapper! KDKN was in the 2-3 dollar range back in 2007 and 2008. It collapsed shortly after the last set of pumps in 2008 to 20 cents or so where it remains. Don't assume this is not a pump just because share value is greater than pennies.
I put SISM and Schlotter in the same bucket as Terry Fields (CEO of everything) and Joe Noel (smiling at you on the glossy PR releases). If you want to play their game and beat them at it, good for you. But most of their PRs have been fantasy land IMO.
Admittedly, haven't done any DD on COUGF. I am also unable to link to Schlotter's report but my sensing is from the snippets in the earlier post that it smacks of KDKN all over again. He certainly tells a good tale.
Be careful.
Thanks. I don't plan on trading after hours. Just wasn't sure why I was seeing pps movement outside normal market hours. Someone had previously posted saying OTCBB stocks could not be traded after hours. You set me straight.
Surf,
I posted the below on the RAPT board earlier today but no one has answered as of now.
Can you address?
"Does anyone understand how this apparent after hours trading works? I thought I had been told that OTCBB stocks do not trade after hours. However, I also understand that Market Makers often delay their transactions and settle after the close.
Last week, for example, it was not unusual to see the chart spike down a bit after the close. But then it seemed like this downward spike disappeared at market open and we reverted to the posted close.
Yesterday after close RAPT seems to have spiked up to .84. So what is the deal? Will the stock open today at .76 or at .84?
Realize there is nothing we can do about this, but I just don't understand how it all works.
Can anyone address this?
Thanks."
Does anyone understand how this apparent after hours trading works? I thought I had been told that OTCBB stocks do not trade after hours. However, I also understand that Market Makers often delay their transactions and settle after the close.
Last week, for example, it was not unusual to see the chart spike down a bit after the close. But then it seemed like this downward spike disappeared at market open and we reverted to the posted close.
Yesterday after close RAPT seems to have spiked up to .84. So what is the deal? Will the stock open today at .76 or at .84?
Realize there is nothing we can do about this, but I just don't understand how it all works.
Can anyone address this?
Thanks.
And this from the most recent 10-Q.
"We have not generated any operating revenues to date. We are considered a development stage company as defined in ASC 915. We have an office in Calgary, Alberta,"
Tread carefully going forward methinks. If the releases about bio fuel turn out to be fiction then there is nothing here. Wish I knew more about that claim. Does anyone?
Here's one I saw this AM.
"Siri.biz expects to be compensated $500,000 cash from a third party International Resource Holdings Ltd for a RAPT investor relations services. The advertisements from the websites are believed to be reliable, however, Siri.Biz and its owners, affiliates, subsidiaries, officers, directors, representatives and agents disclaim any liability as to the completeness or accuracy of the information contained in any advertisement and for any omissions of materials facts from such advertisement. Siri.Biz are not responsible for any claims made by the companies advertised herein."
Did not see anything in the release about duration of pump.
Your point is well taken. At some point real soon the dump will surely occur.
If I had a position (I do not), I'd strongly think about taking my ball and going home as soon as possible.
Slight down trend on closing through nothing too terrible as compared to this morning. From 11:15 on, stock was on a moderate uptrend. Looked like a bit of selling around 3:45, I suspect from people not wanting to hang onto the stock overnight. Then in the last 3-4 minutes a gain of .035 to finish at .76.
Certainly not a good day for those who are long, but also not the disaster that many were predicting and in some cases saying "watch this crash and fall off the table."
I do not pretend to be an expert analyst on these sorts of things but I consider myself a good observer on what is happening.
Be great if someone with more technical analysis skills than me could post their thoughts.
I am still learning and I do not currently have a position in this stock. Part of my education.
Since the markets track every conceivable metric, I must assume someone who knows more than I do could actually determine short interest during the course of a trading day. However, I do not know how to do it.
Thanks for the quick and thorough response. I am still a rookie at this and doing a lot of paper trading. What's the best way to learn about the impact of shorts against stock like this. Seems there are 2 sides to this board ... one side argues the shorts are driving the stock down and thus a rebound is likely while the other claims the pump is over and the dumpers are driving the price down. Guess I don't know how to judge which is which.
Right-o.
Thanks to your advice in response to my question of 14 Feb, I took a 28% two day gain and got out at .84 yesterday. I am still tip- toeing in these stocks so not a huge chunk of change but better than nothing. Realize I will make some mistakes even with your sage advice but trying to learn a bit by watching the boards even if I don't have a position. Doing a lot of paper trading right now. Frequent overuse of "massive this, massive that and to the moon" without any substance was a danger signal to me. I already prefer logic and facts over emotional hoo-ha. Thanks for sharing your experience.
Any idea what the total short is? One side of this board is opining that the shorts are about to get squeezed while the other side is claiming the dumpers are driving the pps down.
Be nice to know the size of the total shorts versus the float.
Surf,
Was poking around and think I figured out why Woodie was saying the stock hit $1.00 on Feb 10. Even though the chart itself does not appear to spike to $1.00, I copied the below from a tiny blip on the chart. Probably was some sort of chart error in the summary data that one gets by moving your cursor along the graph..
I used TD Ameritrade charts. So if he was just looking at summary data I can understand his point.
02/10 10:00 am Open $0.61 High $1.00 Low $0.53 Close $0.605
Of course, I don't think anyone would really think the stock reached a buck.
For what it is worth.
OK, up about .10 from the day's low. Anyone care to guess what the afternoon will bring?
Surf ... a week or so ago you were giving thought to FNMA. I am quietly watching from the sidelines as this has dropped nearly 25% today alone. Do you see this as a buying opportunity? But how low is low enough to buy? Looks like trying to catch a falling knife to me right now.
Thanks for your insight.
Surf ... you got any thoughts on RAPT? Seems to be on a good run.
However, most of the posts are dominated by overuse of the the word "massive," "dollarland," and other such opinionated balderdash.
I sense a pump before a dump.
See below. Not sure it makes sense to jump in on either Fannie or Freddie if the Director of Freddie says he has no duties to shareholders.
February 9, 2011, 9:25 am Legal/Regulatory
Freddie Official Says He Has No Duty to Shareholders
By MICHAEL J. DE LA MERCED
As the Obama administration works to determine the fate of Fannie Mae and Freddie Mac, a director of one of the mortgage finance giants says he has no fiduciary duty to the company’s shareholders.
The federal government placed the two institutions into conservatorship in 2008, and essential owns 79.9 percent of each company.
Clayton S. Rose, a director at Freddie Mac and a professor at Harvard Business School, said on CNBC on Wednesday morning that he was focused on the company’s conservatorship. Legally, he said, he does not need to take the concerns of Freddie’s shareholders into account.
“As a legal matter, our responsibilities and our duties run to the conservator here,” said Mr. Rose, a former senior executive at JPMorgan.
The biggest private shareholder owns less than 2 percent of Freddie Mac.
Here is a transcription of a conversation between Mr. Rose and William A. Ackman, the head of Pershing Square Capital Management, regarding the subject:
Mr. Ackman: So you can make decisions that are adverse to shareholders?
Mr. Rose: Correct.
Mr. Ackman: And there’s no liability to you?
Mr. Rose: Correct.
The comments by Mr. Rose come as the White House grapples with the future of Freddie and Fannie. The Obama administration is expected to present a range of options in a report that could be released as soon as Friday.
Article Tools
One possibility favored by some of President Obama’s economic advisers — and by many Republicans — would not create any federal replacement for Fannie and Freddie, leaving the private markets to provide mortgages for most Americans. Other alternatives would continue some form of federal mortgage backstop, according to The New York Times.
Both Fannie and Freddie were delisted from the New York Stock Exchange last year, and now trade over the counter. As of the close of trading on Tuesday, Fannie’s common shares gave the company a $930.2 million market value, while Freddie’s shares gave it a $555 million market value.
What are you basing this assessment on?
Please disregard my last post. Got my boards crossed.
Please advise. What are you basing your moon assessment on? Just don't see it. Looking more and more like Fannie and Freddie are about to be history. What am I missing?
Thanks
If Obama decides to dissolve Fannie and Freddie, why do you think this will cause these stocks to jump in value?
Thanks for taking the time to help educate me.
I really appreciate it.
I am new to this game. How did you know what was going to happen in the last minutes of the trading day?
I was unable to trade yesterday and missed all the fun. But now that I am back in action, I am concerned that this sucker has run out of steam and is now starting to roll back down the hill.
Could someone please explain why they think this still has legs (or no longer has legs)?
I am new to this game but I am staying away from unsubstantiated "this sucker is going to fly" comments. If it is going to fly (or crash) would appreciate words on the logic.
Thanks. Just trying to learn a few things. I know pennies are risky enough to begin with without me making bonehead plays based on nothing more than bluster or emotion.
I assume your order went through given the recent drop
Hope you are right. What are you basing your assessment on?
Thanks Surf. Probably stick my toe in the water with $500 or so. Nothing ventured, nothing gained.
Surf,
Been out of the net for a couple of days. Sounds like you are a fan of AXGI.
In my view, these pumpers ain't too bright on this one. If you really want to drive the prices up during the pump phase you have to flood the airwaves, emails and mail boxes at the same time frame. Otherwise the pump gets piece-mealed and is ineffective. People have being reporting on this board getting flyers since last week.
Heck, here is the full epump. For some reason the disclaimer containing the 95K fee to Nat-Con Publishing did not paste over. Trust me, they got paid.
STRONG - BUY SIGNAL: ALAMO ENERGY {ALME} 2ND WEEK - FEBRUARY 2011
At press-time, early news of a major oil discovery in the southern United Kingdom began to circulate near where Alamo has been developing 236 million barrels of oil potential in Wessex County. Reports indicate that an initial discovery of approximately 5 million barrels of oil has been made in the quiet village of West Sussex.
Standby for an escalating news frenzy as expanded resource data starts gushing from Alamo’s operations area. We are also eagerly awaiting the company's next round of active well increases from Texas, Kentucky, West Virginia, and Tennessee -- and we expect the new well-count to be in the 100’s.
100-DAY SNAPSHOT:
ALME MUST GO UP FROM HERE
ALL MY PROJECTIONS ON ALAMO ENERGY ARE COMING TRUE
The Next Catalysts to Drive the ALME share-price higher:
The escalating expansion of Alamo Energy in just its first 10 months of exploration drilling is on pace to propel this former startup to major oil-producer status, like Chevron--a century ago. Now, we get to buy ALME under $2 then boast to our great grandchildren each time we tell them how we made our vast fortune. We project that ALME is going much higher: Alamo becomes a major producer -- or Alamo gets bought out by an industry powerhouse such as Chevron at a much higher share-price level. Either way--you win!
Alamo Energy is now on the threshold of meeting all my initial projections before it completes its first operational year:
• 100 Active Oil Wells
• 100,000 Acre-Acquisition
• 400 New Drill Targets
Alamo Energy now qualifies to move up to a senior exchange listing, and I expect this ascension to be put into motion during the first half of 2011. If you want to own ALME shares under $2, you must buy ALME before this happens. Hesitation could cost you a fortune.
ALAMO ENERGY (ALME) IS
THE 1-STOCK TO BUY--NOW!
We've been providing active coverage on Alamo Energy (ALME) since January of 2010 -- and we are pleased to report on the company's impressive progress during its first full year of oil and gas operations and public trading. First and foremost, Alamo Energy now qualifies for listing on a senior U.S. stock exchange, such as the American Stock Exchange (AMEX), and we fully expect this upward transition in early 2011.
We've had a number of very successful Senior Exchange Transition stocks over the years that have provided extraordinary shareholder profits -- and we are anticipating that same level of upward share-price performance for ALME as the company completes this crucial transition.
Even if you have to sell certain under-performing positions in your stock portfolio, we project that these funds will create more profits for you by buying additional shares of Alamo Energy now at the current $1.75 level.
ALAMO ENERGY:
Huge Upward Momentum
on US & UK Petroleum Operations
Alamo Energy (ALME) continues to make accelerated progress on both its US and UK oil and gas operations, and we are excited to provide you with the following update. Our immediate recommendation to our fellow Contrarians is to buy additional ALME shares at the current $1.75 level before the projected transition to the American Stock Exchange (AMEX).
Once this transition is completed, Alamo Energy will qualify to access the $Trillions available from major Wall Street institutions as well as large-scale institutional buying.
Keep in mind that we commenced active coverage on Alamo Energy in January of 2010 at the $0.90 per share level -- followed by an initial profit-zone alert as high as 178% up to $2.51 per share. Therefore, if you have been following our signals, you should have already protected initial ALME gains during the company's March/April surge. Now, buy more ALME at the current $1.75 level.
ALAMO ENERGY -- UNITED KINGDOM
OIL & GAS OPERATIONS:
Wessex/Weald Province, UK: Alamo Energy holds a 90% working interest in 4 prime onshore property blocks in one of the world's most profound oil & gas resources -- and all 4 are protected within the friendly confines of the United Kingdom in the south of England. Alamo now controls nearly 100,000 acres (approx. 150 square miles) of prime petroleum leases in the renowned Wessex/Weald Petroleum Province, UK, which is a direct extension of the North Sea -- home to numerous Super-Fields such as the 4 billion barrel Forties oil-field operated by Apache.
All 4 of Alamo's property blocks are situated in a production hot-bed near the southern tip of the United Kingdom -- an area that hosts the Wytch Farm oil-field, regarded as the largest onshore oil and gas field in Europe. This massive field has produced an astounding 100,000 peak barrels per day.
At Alamo's dominant 90% stake, the company's 4 license blocks have already been estimated to contain a combined prospective resource of approximately 236 Million barrels of oil in-place. This major discovery potential, which could be as high as $16.4 billion at Alamo's 90% stake, immediately elevates Alamo's prospective petroleum holdings to among the highest potential areas for oil and gas within the entire United Kingdom.
Alamo is currently in the planning stages of a seismic survey on its acreage with a focus on determining potential future drill sites. We now project an upward ALME share-price run of at least 200% on the announcement of phase-one drilling on this property.
And as mentioned, at press-time, early news of a major oil discovery in the southern United Kingdom began to circulate near Alamo’s UK property blocks. Reports indicate that an initial discovery of approximately 5 million barrels of oil has been made in the quiet village of West Sussex. Standby for an escalating news frenzy as expanded resource data starts gushing from Alamo’s operations area.
ALAMO ENERGY -- UNITED STATES
OIL & GAS OPERATIONS:
Texas, USA: Alamo reports current oil and gas sales from its 75% working interest in the 110-acre Lozano Lease located in Frio County, Texas. This Western Gulf producing asset is located just 6 miles from the neighboring Bigfoot Oil-field -- which was discovered by Royal Dutch Shell and has around 300 wells and historic production of more than 29 Million barrels.
While Alamo's Lozano Lease is not yet of the HUGE discovery ilk, the property does provide important production and cash flow -- and the project is within the vicinity of some of the biggest oil-finds in the Texas Western Gulf region. As just one example demonstrating the abundant untapped reserves in the area, the giant Yates Field has produced over 1.4 Billion barrels and is expected to produce another 1 Billion barrels during its lifespan.
Alamo Energy has also secured a 20% working interest on the Hubbard 1-H well, located on the Jack D. Hubbard lease in Brown County, Texas. The well is currently producing from the Caddo Zone into a low pressure gathering system on the lease block and presents Alamo with a low-risk, high-yield reentry opportunity.
West Virginia, USA: Alamo Energy is participating with Allied Energy on the Dillon #1 well re-entry program in Pleasants County, West Virginia. The Dillon #1 well, which is located on approximately 200 acres, was originally drilled to approximately 3,600 feet with resulting production from the lower Huron Shale. The current re-entry program includes several candidate zones totaling over 300 feet of sands, which have been analyzed as potentially oil productive.
Alamo Energy believes that the cumulative production from the recompleted well may be as high as 20,000 barrels of oil. Alamo has also secured an option to participate with Allied Energy on the re-entry of additional wells -- with the opportunity to drill new wells on 25-acre spacing -- across 1,520 acres in West Virginia.
Additionally, Alamo reports that the Valentine #1 well, located on approximately 115 acres in Ritchie County, West Virginia, has been put into production. We are awaiting initial flow-rate data and will provide an update once additional information on the well is released.
Tennessee, USA: Alamo has entered into an agreement with Berry Resources, Inc., to purchase 6.5 units of the Berry Prospect #22-A, which includes two wells to be drilled in North Central, Pickett County, in exchange for the company's cash payment of $97,500. We will provide an update on this project as information becomes available.
Kentucky, USA: Alamo Energy has now completed the drilling phase of its initial 5-well program on its Taylor Lease with the wells encountering hydrocarbons in the Granville, Knox, and Murfreesboro formations.
Management is in the process of evaluating the wellbore data and expects to move onto the next phase of well-completion/production.
The company's Taylor Lease is situated in the middle of a large producing oil and gas trend within the prolific Gradyville Oil Field. The Gradyville Field, which has been producing for over 40 years via hundreds of wells, is the largest oil-field in south-central Kentucky. Based on current data, management has determined that successfully drilled and completed wells on its current leasehold will produce up to 285,000 barrels of oil per well -- making it a low-risk, high-yield opportunity. Initial drilling highlights include:
No. 2 well: Encountered strong indicators of oil and gas through a 25' interval in the Granville Formation.
No. 4 well: Drilled to target-depth through the Knox Formation with strong oil shows; video logging is currently underway.
ALL INDICATORS POINT TO ALAMO ENERGY OBTAINING A SENIOR U.S. STOCK EXCHANGE LISTING IN 2011
A top-tier arena valued in the $Trillions:
Buy ALME up to $2
Alamo Energy (ALME) now qualifies for a senior exchange listing -- such as the American Stock Exchange (AMEX) -- and the company is poised to follow in the profitable tradition of our legendary Senior Exchange Transition stocks.
The transition to a higher exchange status is a critical milestone for bulletin board listed companies such as Alamo Energy. The attainment of a senior stock exchange listing unlocks the door to substantially increased market support, share-float liquidity, and financial institution support. The U.S. senior exchange arena is valued in the $Trillions -- compared to the mere $Millions on the bulletin board exchange.
In the case of Alamo Energy, this instant market support and access to larger capital pools can lead to larger-scale property acquisitions, joint venture projects, and drilling campaigns -- all of which can drive your ALME shares even higher.
Equally important for early ALME shareholders is that once Alamo moves up to the American Stock Exchange (AMEX) as projected -- the next, broader level of financial institutions will have the green-light to purchase Alamo stock. That crucial buying support can translate to trading volume in the millions - of shares per day on the AMEX versus the tens of thousands of shares that can typically be expected on the much more thinly traded OTC bulletin board exchange.
Using a drilling example to illustrate this important advantage to YOU as an early ALME shareholder: Alamo Energy completes its transition to the AMEX and announces a major drilling program on its Wessex/Weald project in the UK -- which is estimated to hold up to 236 million barrels of oil.
Because Alamo Energy now has access to the immense buying-power of the top-tier financial institutions, your ALME share-value has the potential to move up by many multiples as institutional buyers and fund managers load up on ALME shares in anticipation of a successful drill campaign.
Next, Alamo Energy -- which now boasts a larger capitalization and share float -- has the necessary liquidity to absorb any impending profit-taking by seed-level investors who may be inclined to sell part or all of their position into the upward momentum.
Key to you as a holder of Alamo stock is that this increased liquidity leads to a much more stable ALME trading pattern -- which can now move steadily upward on each round of successful drilling news without the erratic down-dips that are so commonplace on the bulletin board.
ALAMO ENERGY IS OUR NEXT HALL-OF-FRAME
SENIOR EXCHANGE TRANSITION STOCK
All indicators point to Alamo Energy obtaining a senior exchange listing -- such as the AMEX -- during the first half of 2011. Once this upward transition is completed, Alamo Energy will have a new trading symbol and you will be on the same profit-path as forged by our other hall-of-fame inductees (see table below).
Our Buy, Hold, Profit-Zone, and Sell signals have provided an average of 6 winning recommendations per year for 17 years.
IN JUST THE LAST 12 MONTHS, WE'VE ISSUED A PROFITABLE STOCK RECOMMENDATION ABOUT EVERY 40 DAYS. Your current signal is to buy Alamo Energy up to $2 per share. And, when you’re selling your ALME shares for a hefty profit -- what do I want?
I want you to start using my Ultimate Stock-Profit Compass (click the Compass Offer above). You'll soon see how easy it is to make consistent money from our profit-proven signals.
Sincerely on the Contrary,
SCOTT S. FRASER
www.NaturalContrarian.com
Toll-free: 877-300-6205
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See below. Received this via email last night. Can there be any doubt that this is a pump? I think not. Below is the lead-in to a multi-page epump supposedly authored by a Scott Fraser. Fraser's fantasy is that ALME is on the way to $43 per share! Some real creative math in this pump. I can post more of the epump if anyone would like to see it.
Nat-Con Publishing received $95,000 for the privilege of pumping ALME.
ISTRONG - BUY SIGNAL: ALAMO ENERGY {ALME} 2ND WEEK - FEBRUARY 2011
At press-time, early news of a major oil discovery in the southern United Kingdom began to circulate near where Alamo has been developing 236 million barrels of oil potential in Wessex County. Reports indicate that an initial discovery of approximately 5 million barrels of oil has been made in the quiet village of West Sussex.
Standby for an escalating news frenzy as expanded resource data starts gushing from Alamo’s operations area. We are also eagerly awaiting the company's next round of active well increases from Texas, Kentucky, West Virginia, and Tennessee -- and we expect the new well-count to be in the 100’s.
$2.72 is ancient history. Can't believe anyone would really think this stock would do much of anything at this point.
If this follows the WLOCD pattern we should expect a pump (which I just received via email), followed by the stock falling off the table after a quick jump.
Of course, WLOCD was a frigging disaster.
Hudat,
Hope you were able to recover at least some of your loss. The tougher question is when do you finally suck it up and head for the hills to lick your wounds ... I have already done that. I was stupid to invest even the small amount I did so I am on the sidelines for the time being. Gots to get some confidence back. My basis was in the .51 range but I got about 50% liquidated in the mid 30s. The remainder in the high teens. Lost about 4K all total. At least I did not go "all in."
It is becoming brutally obvious that I am not very wise in the ways of the pennies. Plus, who can you trust? Of course, we all know the promoters are not candidates for sainthood. Yet some of our fellow boarders still seem to trust the charlatains at WSER. I just don't get it. I used to be in the Army. We would say that WSER (and Joe Noel and probably the rest of the promoters) are merely blowing smoke.
Even though I enjoy the give and take of fellow board participants there is just ton of opinion that I for one have no way to sort out.
I clearly understand that pennies don't act like regular big board stocks regarding technicals or anything for that matter. But many seem to tout that the technicals say this or that without any real basis.
I guess I have concluded that trying to value a company that really has no intrinsic value is a tough game and may well be a sucker's bet. But I have learned a few things. Got a Joe Noel glossy in last night's mail talking about the can't miss nature of SIRG. I did not take the bait but quietly watched that sucker fall off the table today as well.
I'll paper trade for a while then maybe put my toes back in the water. Guess it might be different if I had confidence in this but I don't.
Good luck to all those who understand this game. I'll keep on eye on the boards to see what I can learn.
Concur. I know when I received it I knew it was a pump. If I had owned a position (I did not), I would have dumped it.
Hopefully no one took the bait on this Joe Noel multi-page, glossy fiction.
Down about 30% a few minutes ago.
It is not painful at all to watch a pumped stock plummet the day after the pumpgram arrives ... assuming one did not take the bait.
If Joe Noel is associated with it you can be certain it is never never land.
Back just before the split I was able to contact them via email at the address listed on their website ... you know the one with the photos of mining equipment that probably belongs to someone else.
At least at that time there was someone answering the mail.