I know. Guess we know who got the .0011s filled.

I think they're pretty confident in their numbers. In the posts where people have mentioned talking to their PR/IR person Karen, she kept pointing out that they'd just doubled their capacity... which we all knew b/c of the purchase PR two weeks ago.

I wouldn't be surprised if all's quiet at the Magellen office this week. Plus, it's end of month, so their office staff probably has enough office stuff to deal with with the short week. I know mine does.

Yeah, tomorrow has me worried, though. Will they go down to .001 or will they start the frenzy.


Logically, their profits from flipping get better %-wise the lower they take this buy-11, sell-10 is 10% and 12-11 is 9.1%, so that would make sense. Plus, their profits get bigger for the run.

However, there's some weird stuff going on watching the L2. I get the sense that they're not as cohesive as they were last week.

I have an order in for .0011, but I've halved it b/c I want to see what they do with the rest of the day.

So what does this mean?

It's a fraud?

Thanks. Actual knowledge is always appreciated by some of us.

They're not driving it down. They're flipping it like NITE has been doing. They buy at the bid, and then put in sell orders at the ask. Last week they walked it down step by step until Friday when they sold big.

Production for year X price of gas = est. revenue for year

I think it was actually on another stock's L2 that I saw it.

I am seeing a lot of 100 and 5000s come through, which has to be code for something. I find it hard to believe that someone's trying to ram home an order with $6.50.

I saw that earlier.

This is such crap. Freaking insitutional brokerages keep propping up the bid to keep the ask up.

This should be .0012/.0013, right now. The only reason that .0014 is on the board is the two MMs are gaming. No transactions are being made at .0014.

All they're accomplishing is killing the volume.

very nice.

ha ha ha.

L2 looks like dog fight. I think they've stopped working together, which is probably good, but it also means we're just as likely to close at .001 as .0015.

Deals may not have been finalized. A lot of companies don't like to release news bits when deals are "in negotiation" being "pursued further."


It's also possible that nothing got done.

No way of knowing. I'd guess not, though.

How do you get 20M filled at .0011 when the b/a is .0013/.0014?


There're some serious shenanigans going on this morning. I have no idea where this thing is headed.

immediately jumped to 3X3 b vs a

Yesterday, when I looked at it, it was deadlocked at 14X3 and 15X3.


Two of the 14s already dropped back. It makes sense a little. After flipping the stock all week last week, they may try to load up on the cheap early this week. Of course if NITE props the bid up like he did last week that won't happen. They sold a lot of shares at .0014 and .0015 Friday afternoon.

Looking at L2, if you're thinking about selling today, better sell early. Just our old buddy NITE holding down .0014, after him it falls to .0012.

As of 8:58 AM EST

There's no such thing as an objective opinion. Opinions are by definition subjective.

We're all trying to make money, guys. No reason to let this get personal for anyone.

Yeah, but nature and the stock market are cruel.

Same people that are buying now will be trying to sell next week at .0011 and .001 if the news doesn't come.

And I was so happy today when I sold my shares for .0012 and there was a stack of .0011s on the buy side. Oh well....

Hopefully, we all make money, somehow. Have a good weekend everyone.

You guys kill me with these next day predictions.

Do you think that if you love it and want it to happen enough that you can make the stock increase?


Then, why the worry over someone trying to be realistic when there's an anomalous spike in the price on a Friday afternoon after the entire week has seen the same people who are now selling the stock at .0015, flipping the stock down every day?


hey if I'm wrong, I'm wrong, but there's no reason to get upset over someone having a different opinion than you do when we're all on this board for the same reason.

I agree with you there. Next week, these prices probably will be a thing of the past.


I could be wrong. We'll find out together.


Good luck.

Buyer beware. I have a bad feeling they're going to walk it down to .0013 or below. This is not the time to add shares. Hold or sold in my opinion.

Yeah, I think they'll do what they did, yesterday. Keep the b/a there, but everyone will be selling and buying at the bid.

It looks like they tried to start a run, but couldn't sustain it. Still, they're going to be getting 16.6% return on the shares most of them bought yesterday afternoon and today.


Really, really wish I'd waited a few more hours before deciding to try to flip my shares again.


Oh well. Looks like a sleepless weekend of hoping that Taxman Bill is half-sage, half-psychic.


By the way, I can't private message, so if you PM me, I can't reply.

NITE


He's the only buyer at .0014.

Exactly like I said. He's just holding fort to make everyone have to pay .0014 or .0015 and the brokerages can make more money off everyone else today.

At this point it's about 33% hope, and 67% logic.

The major institutional brokerages on the L2 have been buying this at .0011 and .0012 and are flipping it, now. When they run out of shares, they'll bring the price back down to .0011 and load up again.

If you have L2, you've seen this go on. It's why NITE held down that .0012 buy order for two days to keep the b/a to going back to .0011 and .0012, which would've cost them tons of money.

Buy now if you want, they may have loaded up enough to get through the day, but without news, this will come back down b/c they will run out of shares to sell.

Yeah, I wasn't going to today, but then I got to work and saw that the L2 wasn't stacked, so I decided to go for it.


I'm trying to get to 5M buy the time the news hits. I've got a ways to go, but if I can complete this, I'll be a lot closer.

I'm trying to flip again today.

Got half my sell order filled at .0012, having to wait on the rest, though. Waiting sucks.

Why do you think it's going to be that long? The PR said 1 to 2 weeks, then they added the land and wells, so assuming that that is the hold up, we could say 1 to two weeks from then is realistic, which would be next week.

I don't think they'd sit on the info until after the holiday if they get it next week. Do you? You've posted that you've got some experience with this industry, so have you seen this kind of thing happen before?

There's nothing to worry about. We've got a lot of information on this company, and it's all positive.

It's just that people are getting bored, scared, and trying to flip it.

Don't get me wrong, I want news ASAP, but if not, then I'm trying to find ways to add shares every way possible.

They may be specializing. The situation reads like competition is ramping up in the area. With that in mind it can be more profitable for a company to figure out how to work with everyone instead of trying to compete against them.

No, I'm probably going to just sit back and ride the slide.

I think the volume tomorrow will be lower than today, and I feel lucky that I got filled yesterday at 2:30p when I put the order in before the market opened.

I got the pick up I was looking for. I was hoping for .0010, but once I saw the wall form yesterday afternoon, I decided that probably wasn't going to happen. I didn't want to go into Friday with no shares, either. If that meant buying back at cost or a loss, then so be it.


whew.

If I add any more shares between now and the Earth shattering kaboom we're waiting on, it'll be the natural way.

Yeah, that sucks. The MM got you 7.7% off what you wanted to pay. I don't know why you don't track that guy down and sue him.

BEE-YOOO-T-FULL!



Got my .0011s filled. Wasn't the biggest out and in, but I netted another 300K, and if it closes at .0012 today, I make money.

Everyone's dug in now at this 11 vs 12 point on L2

6 vs 5 with very little trades being made.

yeah, this is the second time I've done a quick out and in. I like the way the morning is going so far for getting back in today, though.

Obviously, I'm not brave enough to stay out for a long period of time. Just a quick sell and buy, adding extra shares, and taking a capital loss in the process.

I honestly think it's going to be Monday before PR hits, but I don't have it in me to wait to see if this goes lower tomorrow. Last night was a little restless enough.