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Stanin, I agree with you. I have done enough DD here to stay and see how this plays out but the way this trades is fishy. I don't get excited on the green days because they don't hold, its like once a week they ( whoever they are ) let this breathe a bit too close green and get stockholders excited but it is then followed by days of selling, no bid support, and closing red. We need the news we are waiting for to instill confidence that this company will carry through with their business plan. I was hoping from your telephone conversation that news would come today or tomorrow to get this going.
Sure does, this is looking and sounding more like a business plan every day. If we can get past .025 and .03 we are on the way but just knowing they are working with indigo makes me even more patient that they have a lot in the works.
yes I can see and understand both your posts, thank you
HH could you please give me one quick lesson? I understand the downtrend of the kijun sen and also how far the chikou span would have to climb to indicate a buy signal but I dont understand the tenkan sen line. If it is an indicator of the last 9 trading periods highest high and lowest low divided by 2 why would it be up around the .03 line? We haven't been there for weeks and that is the one indicator I'm not understanding. thanks again
thanks, that's the way I interpreted it also so maybe I'm learning a little bit. ORFG has been promising news for weeks and because they haven't delivered PPS has really suffered. If they would drop news I think it would run again but I'm thinking about selling on the next news and maybe putting more into WNTR or MELY
thanks Mister Clean....something worth reading and to keep in mind!!
roger wilco, sorry I sold back when it hovered around .001. I just check back in every so often to see how things are going and if I want to buy back in.
Warmachine, even though I dont like it you are right, anyone who sees this as an uptrend is kidding themselves. Without news we will see even lower lows unfortunately.
HH, if you have any free time could you please pick apart ORFG with the cloud technicals?
Unfortunately you are wrong. They can RS and keep diluting, it can go much lower.
struggling to keep this down...now that is funny.
Wonder what ever happened to driven and his report???
momo red flags for me too. I just came back to this board to see where the PPS was at and it has droppped nearly 50% from when I sold. When they gagged the TA, and then I couldn't get a hold of them with the number that was given, and to finish it off the massive AS increase all screamed get out. The product seemed legit but management looks like they still dont have their ducks in a row yet. With the increase in volume it sure looks like a RS might be coming later this summer but that's obviously just my opinion.
HH, thank you for everything in that post, I read every word of it. I did plan on trading after the financials and buying in lower but that dump just killed all momentum. When I have more time Im going to study your post further, just for learning. And yes, I do have a fear that the day I sell hoping to get back in we get a strong PR that has me chasing and that is a big risk with this stock, if he gives us a solid PR and doesn't dump into it, it would definitely run. Even if this thing would hit .05 by end of year I would be totally happy but right now it is stale and investor confidence is waning. If I had the extra funds I would leave my core alone and then just add on the dip and flip trade but unfortunately all my funds are tied up. Anyway thanks for your time and sticking to the facts I like your balanced approach, I get tired of reading either to the moon or this stock is a POS all the time with no facts but just current trader emotion.
HH, just found your board, wish I would have sooner. I have followed you on that board and you mainly supported the CEO now I see you are questioning his actions. Do you think we will touch the 4's if BMAK shows back up? If I sell in the high 5's now Im only out a minimal amount and buying back in around the high 4's would easily make up my loss IF this thing runs again. Any thoughts, I am intrigued bu your technical trading withe the candlesticks and clouds I just have an awful lot to learn. Any input would be greatly appreciated.
gdog, Im wondering since work harder is claiming the PPS is going way down if BMAK will show up next week and drive the price down even further and then with the fins we will have another large run...just a thought, what is yours?
Piano, Im also wondering if they value the refinery at 70,000,000 when up and running why wouldn't someone with deeper pockets bought it already?
fawd...aren't you glad we made those phone calls and held on when things looked the bleakest!!! When I made the call he assured me this was not a scam it was just taking longer than expected and he told me within 2 weeks news would be announced. He was true to his word, that is rare in pennies.
Ripster I can't PM sorry. No the minimum you spoke about wasn't from me, I was told within 2.
thanks
You must be assuming we still won't hear any news by this time next week. If we get all the news we are waiting for and are still only at .03 that will be majorly disappointing
cmon fawd, we are not use to delays here :)
Im sure a lot are not going into long hands. From a technical standpoint this thing has bounce written all over it, Im guessing we are accumulating a lot of flippers, if I wasnt already in this thing I would definitely be buying now for a quick flip of 100% or more.
Well that makes it easy then, bring on the euro group and lets start cranking lol
Cant wait to hear your update next week!!
Hopefully you can give us some good news! If I had a dollar for every time I read the words " next week " on this board I would have a lot of green in my account.
I think a few people will pick some up in the .0145 range today, I know I would if I could.
fawd, If it wouldn't have been for my conversation yesterday I too probably would have sold but knowing that they are following through with everything albeit a little little made me hold and hope he was truthful with me
ripster, I don't think we will get an announcement for at least a week possibly two. When I made the phone call he said they were hoping to be done in two weeks or less. He also said too many times a PR comes out prematurely so my hunch is they want all the loose ends tied up before they release news
When I talked to them it actually sounded like they didn't realize how many problems were going to come up. He talked about paper work that needed fixed and resubmitted, how long that was taking and a few other things. One thing I did like was that he didn't make any excuses, it sounds like things were quite a bit more complicated than what they anticipated which in turn caused the delays but he seemed pretty straight forward in that they weren't completely prepared for the undertaking.
ok thanks and keep us posted. I just called today to see if they are still working on everything that was promised because really nothing as fundamentally changed with the company ( we knew the ceo was changing ) and yet people are selling off due to panic and impatience. If the news comes through all those who bought in the .02's are going to be sitting pretty. Its funny how last weekend this board was on fire with expectations and because they didn't happen people got frustrated and sold off. Obviously I dont know where this is headed short term but knowing the news is being finished up as we speak is enough for me to stay here and not panic yet.
Tmoney, did you basically come up with the same thing as me or something different?
fawd, I called the TA and he gave me the contact info they had on file. I called and spoke to a man and he said that everything is still in the works but unfortunately the paperwork has not gone as planned, and is taking longer than they anticipated. We talked briefly that the PR stating everything should be done at the end of the month was ultimately badly timed as it makes the company appear to be a scam and unable to be trusted. He assured me everything is still a go.
Made a few phone calls today and actually got to speak to someone to find out what is going on. If you call the transfer agent he will give you a contact number to talk to someone directly, long story short at this point I'm holding.
fawd, I think so too. Many investors are impatient and getting nervous that is why I predicted it would drop again based on emotions, todays PR should not have caused a sell off but it did and I bought more. Just think 2 days ago the board was buzzing and all the talk on ORFG being on the most read board etc, nothing has changed that should have caused a tank like it did today except for emotional selling
I hope so, I picked up more today on the dip...just wanted to rub it in a little to you today, no harm intended.
TRT, well after I was ridiculed when I said we would hit the low 2's again I guess I wasn't so far off after all was I? I know, I know shares are in stronger hands now and weak handed flippers are out.
Sirius I do hope you are correct, like I have said before I am going to wait this thing out because the potential is there to make some good profits and I think my average looks pretty good so I just wait and see. Please do not think I am trying to bash this stock or any posters on this board, I just don't get caught up in all the hype. I have seen to many other pennies promise a lot and deliver a little but after doing my own DD I think we may have something here so I wait...
stanin...the company has promised news that could really make this stock spike when it is delivered that is why people are still optimistic but you will find that when someone believes in a stock no matter what the price may fall to they will speak highly of it. Ever watch shark tank? People have poured their life savings into developing a product that they are sure will succeed yet many times it doesnt. This is why they say to never get emotionally attached to a stock because it clouds your judgement especially after you have poured thousands of dollars into a stock. Take it for what its worth but I have watched posters on other boards talk about how their stock is the next best thing even while the company literally ends up going bankrupt. Many on these boards have agendas so you have to do your own DD on a stock and take the rest with a grain of salt and never invest more than you can afford to lose remember these stocks are down in the pennies for a reason.
Sirius, how does me thinking the PPS will drop to the low .02's if we get no news have anything to do with the character of the longs on this board? Im not going anywhere as I'm still in the green at these levels all I was saying is that it is possible we drop to a lower support level if we dont hear news soon. Another poster here said we will never see low .02's and all I did was counter that with I think it is possible.
I bet if we get no news this week we will dip to .022 give or take a few ticks. What is the saying...mark this post