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Thanx man. I appreciate it
Imperial Whazoo
nesra -
OT:
I read up on all kinds of stuff way back when. this is my second year trading... actually about 2 1/2.... anyway, not to complain but my mother died after a long illness last Christmas and, thinking back over tax time last year, I realize now I didn't even ask what was put on the forms. Too out of it, I guess. So, the mention today jogged loose some ancient memory that said "Hey, dummy, thats something ya shoulda been payin attention to.... duh..."... So, thats why I asked. I kinda vaguely recalled that I was supposed to be aware of this but have not even thought about it until now, so I probably really messed it up for this year. Dumb of me... but thanx for reminding me.
In that vein, do you know anything about this:
http://www.greencompany.com/EducationCenter/GTTRecTraTypPartTime.shtml
It surfaced in my thinking as a consequence of the above dumbness I've been ignoring and I recall my thinking that it mattered a great deal. Anybody know about this stuff?
TIA
Imperial Whazoo
Thanx Pennimon , I'd heard it referred to
several times and had never caught the actualities.
Which brings up another reference that I've yet to have explained. Somebody has repeatedly referred to a Montana venture this last summer involving Hydroslotter. Details anyone?
Imperial Whazoo
nesra -
Wash rule? I forgot that. Explain for those of us who hate to even think about taxes.
Thanx.
Imperial Whazoo
Pennimon - What NM capped well?
I'm afraid I must have missed that. Please elaborate.
Imperial Whazoo
OT: I'm in AZPN. Check it out in the last 10 minutes.... now that is how BIGN needs to trade!!
Imperial Whazoo
Wave You sure know how to shake
things up! Lets shake this baby! Shake BIGN shake!
Imperial Whazoo
Check out this volume.... is there news??
OT: By the way, wavy my man - Don't change the "DEAL OR NO DEAL" thingy. Real nice. I like mucho. Wish I'd thought of it. LOL!!
Imperial Whazoo
Once , early on in my day trading days, I did the same thing, except I bought! and, I only found it out because I tried to execute my next stock symbol and was informed that I had maxxed out my margin bigtime. I checked and discovered that, instead of an $8000 buy I had made and $80000 buy. My hands started shaking so badly that I couldn't even operate my mouse!.. I managed to gain enough contol by using both hand to steady it and I sold out at a little above break even. The irony of it was that, had I not panicked and sold only $72000 worth, I would have ended the day up about 14% (or something like that). Not too bright of me!
Imperial Whazoo
Yep, I use Izone (TD Ameritrade) and it costs $5 a side.
Imperial Whazoo
Man does that ever give me a solid reason NOT to use Fidelity!!
Imperial Whazoo
Hey IHDR and/or Blockman -
As regards Kenetic Energy (and their 2004 PR regarding IHDR the company), did you see or learn anything specific that caused you to remind the board of this relationship?
Imperial Whazoo
No Prob nosey -
OT: Glad you liked it. It is one heck of a power tool, don't you think? Talk about crayoning outside of the lines!!
GLTY
Imperial Whazoo
Hey Billiam -
As regards that referenced email, could you put a date to it so we can put it into contaxt? Also, how about posting it.
Imperial Whazoo
I vote No too. No to arch. Period.
Imperial Whazoo
On target. Nice post. Well said.
Given the $$ being moved around on other stocks, the only guy a MM would assign the task of working this stock is a guy nobody at the firm likes. Working this stock would be akin to being sent to the woodshed. Its adrift because people are just worn out and they sell because they are tired of waiting. They figure they'd rather their money at least have a chance to work for them, so they finally bite the bullet and sell. End of story, IMO.
Imperial Whazoo
Yeah your right, based on "normal" settings. I have my colors set wierd (LOL).
I think 10/18 was a hammer day and it was a rejection day.... it rejected the lows and did so with a good sized tail on the hammer, too. I'm not bothered by the volume that day for the simple fact that it was a rejection day (rejecting the lows & doing so firmly, I might add). If it had been a BAWC (Big Ass White Candle) day, that would have been a worry. (A BAWC day would have have both big volume and would have closed on the lows). Regarding hammers, it is called a hammer because it is said to be "hammering out a bottom". To quote Seiki Shimizu in his book "The Japanese Chart of Charts", page 74 "When a karakasa appears in a low price area it's regarded as a strong line and buying is suggested". By the way, karakasa is Japanese for paper umbrella.
Then yesterday was a doji and the vol was lighter. IE, the doji was indecision... the glass could be half full or half empty... but the very fact that the selling day was not followed thru on is what I see.... confirmation of the hammer: to quote Shimizu, "buying is suggested".
Now, back to the wording of your kind post itself, I frankly don't see the "going up lately on low volume" that you stated. You must be looking at it using something other than a daily chart.
In my opinion, spiras's post regarding Dale's rude email tells us that BIGN will "support" the stock somewhat. Now, I'd be surprised if they throw a lot of moolah at supporting it.
I hope you don't mind my thinking out loud, kind of "scripting the possible" to give it flesh & bones... Just a device to stimulate my thinking... not cast in concrete; shoot holes in it, thats kinda the idea... Here goes:
People who want to grab more to cost average down would have to first sell a good size chunk or two to convince people the sky is falling. MMs might collude to do this, who knows. Then, after some panic momentum begins, these same folks will be buyers. Like shaking the trees to gather whatever falls out. The folks doing this are gambling that BIGN and/or Tyche and/or Royal and/or Skip and/or Hydroslotter and/or WWNG will NOT PR anything because, if the bad actors got caught selling enough to stimulate doubt and any of the above parties steps in with a PR or two, then they just could be out those shares in a heartbeat and in so doing they could have blown a good portion of their anticipated profits. So, with BIGN telling us they are fully aware of the price dip and that they are not just sitting on their hands, that fact alone may inhibit the trap being baited by "false" selling that is designed to spook others.
My guess? The games may be over. They may shake the trees a few more times. My view? So what. Some folks on this and other boards have asked why people sell at low levels. I think this is exactly the reason: smart money spooks the weak hands into panic selling so their shares can be scooped up.
The one good thing about the anticipation of an upcoming barrage of PRs is that, the longer it looms out there as a distinct likelihood, the more of a gamble the above described "head fake" would be. Like I've said before, rather than cussing Lancaster, I'm enjoying watching the venture capitalists play their cards. By holding the news out there just below the horizon, at this point he is using it to increase the risk anyone wanting to spook the stock to scoop up cheap shares would have to take. The risks of them being caught with their pants down increased with the price action of 10/18 and the rude email to spiras. And thats the way I see it, man. And, as always, its just an opinion and I could very well be wrong.
GLTY
Should have previewed it:
The bad actors will have a budget as it were that they can employ, too. If they can spook people, they will do so and collect a bigger position in anticipation of good news. If people want to foil the MMs at their own game, they simply have to make a plan and stick to it.
I think there is news in spades coming, but who knows. Like I've said before, figuring out what is going on with this stock is like trying to assemble a jigsaw puzzle in a half dark room. So, trust the charts. Thats all I can say.
Imperial Whazoo
Hey Billiam -
Thanx re QOIL.
An observation or two about its chart which may also be true for BIGN... or thare is a good chance of it doing so, IMHO.
In the days between 10/9 and 10/18, the chart turned abruptly from a steep and ongoing decline to a modest uptrend. Deceptive info would have confused me, as it probably would have most every one else, and that is that the steady new upwards channel was on significantly lighter volume than the corresponding declines.
5 day period before upturn:
total 5 day vol -> 4059600 (811920/day on average)
5 day period after upturn:
total 5 day vol -> 2574900 (514980/day on average)
Difference: vol declined 36.57% (296940/day) during the upturn that immediately preceeded the exposive upmove in QOIL.
Lessons:
1. Insiders always know something... the chart tells this story.
2. Ordinary investors did not trust the uptick, probably because it was low volume
Application:
If we see something similar happening in BIGN (or WWNG).... buy Buy BUY!!!
Imperial Whazoo
Hey nosey -
You do realize that Smith & Kelly were around when that quote came out.Maybe thats the REAL reason they fired them... they were too principled!! (HaHa)
Imperial Whazoo
Nope. Asks me for a password. Don't have one so dead end.
Imperial Whazoo
I think something interesting just happened. Yesterday, spiras posted (#18548) a reply from Dale. Apart from being rude, it was helpful because it stated in part "Yes the company sees the PPS and yes it will react. We are not sitting on our ....here."
What just happened that I think is interesting, and good for the PPS, is the following:
According to my AIQ realtime candles, on a 1 min tick, at precisely 1:00PM, somebody tried to take us down to .011 (50K shares). They failed. Precisely 2 minutes later, at 1:02, 54K traded at .013. Than a minute later, another candle at .012 which ended up at .013, this tim 40K.
Did I just see BIGN stepping in and actually supporting the price? Somebody wake me up... I must be dreaming!
Imperial Whazoo
Nope - Thats King Pharmaceuticals. Wrong company. This is King Resources.
Imperial Whazoo
No toungsies!!
Thanx spiras - What I love is that
Dale is unable to act without his "feelings" entering into it. Frankly you ought to email him immediately and assure him that you will promise him whatever he wants and that you fully intend to keep whatever you promise in exactly the same way as they have delivered on the things they voluntarily stated in their PRs. (LOL) Whats he expect you to do.... kiss him on the mounth?
Imperial Whazoo
Hey wing-walker -
I'd be honored (as regards your kind PM). Everyman is on board. Do I just go over there to the spooz site to do it? PM me, I guess.
Thanx,
Imperial Whazoo
Thanx Pennimon -
OT reply:
I don't use Wizetrade the way they say to use it but I've figured out that it is very useful if I use it as a decision support tool.
What I do is I've got real time alerts that I set up on AIQ using the AIQ proprietary scripting language. Each is assigned a differnt sound. When they fire off, I hear them. I call up a realtime candlestick chart in AIQ, and if I see something I'm looking for, I key the stock symbol into my Wizetrade and look at it on a 2 minute or 3 minute (depending on the time of day) and on a 5 minute or a 7 minute (depending on the time of day) and I watch it. Wizetrade is like you are trying to figure out how to sail a Klingon starship. Their thinking is so foreign to ordinary chart techniques that it looks kind of silly at first glance. But what it does really well is give you an excellent multi-timeframe view of the volume as it shows up at peaks and valleys. I use it that way, to time my entries & exits. If one of my alerts sounded and I start watching it in Wizetrade, I watch for the volume to begin to come in at support. If I'm in a stock, I watch for the sellers to show up, also indicated by volume coming in, but this time at Wizetrade peaks. The Wizetrade guys want you to use it as the gospel of trading. I always saw it to be behind the curve if you use it the way they recommend. It may be that, for daytrading I should have it set up for 1, 3, 5, 7, 12 minutes and use it the way they say in that way (everything going green on all thise short term timeframes, that is), but I've figured out something that works for me and I stopped there. One of these days, I might try using it all really short timeframe and see if it works. It just might. As a timing tool where what I'm doing with it is watching volume at peaks and valleys, though, its the best tool I've ever used. And thats a fact, Jack.
Thanks for the question man. As regards my alerts, thats still a secret. But how I use Wizetrade, thats something I don't mind sharing.
Oh, and by the way, my absolute favorite tool is Stockfetcher (www.stockfetcher.com). Now that is one powerful tool, baby.
And, thats probably about it for OT subjects. futr will be warning me soon to keep it between the lines.
GLTY.
Imperial Whazoo
Oh and TEK baby, Its a tad dishonest for you to have failed to have told everybody that my post that you cut-n-pasted was from a different board, the Spooz board. By the way, everybody. Check Spooz out. Its preety cool.
You are cherry picking from other boards to post my posts over on them as though it came from this board, thereby confusing people on this board because it takes extra work for folks here to figure out that it came from elsewhere, thus raising the spectre that maybe I'm just another dishonest Joe. Nice cunning plan, TEK baby, but a little sloppy. So I guess you've got me nailed. I'm going to have to fess up... yes, I trade for a living. Alone. Not affilaited with any outfit of any kind. Me, myself and I. Heck, if you want proof I'm an independent thinker, just check the list of services I subscribe to (as noted in that post you were so kind as to draw everybody's attention to, thank you very much). Do you know anyone else who would have picked that particular mix of services? Not!! I'd say I kinda make up my own mind, wouldn't you?
Here's a sample of what I've been in the last few days: IHDR was a nice run for me in the last few days. Took my profits yesterday... expecting it to take a breather. Looking to get back in. Also, check PQ since Oct 1. Not bad, huh? And I was in ONNN for that little run it had covering Oct 11 thru the 17th. Kinda hit the center of the target there, don't you think pal?
Hey TEK baby, I know what you should waste your time doing... attack the Whazoo. He can't really be what he represents himself to be. Why anybody with half a brain can see he's got some kind of hidden agenda. So attack, TEK baby. Attack. Stir up dissent. Tear people down. Yessirreebob, thats using that ol' noggin of yours.
Anyway, I'm long and strong in BIGN (and SPZI, by the way) and thats the way it is.
GLTY
Imperial Whazoo
My break even is almost the .0089, TEK baby. I can even cost average below there if I want. I've been in this baby a long long time. And speaking of long... guess what... I'm long.
Oh, and quit trying to spead dissent.
Iimperial Whazoo
If people are going to panic, thats their business. As for me, I think we're seeing a fairly well played hand. I'm learning a lot just watching these venture capitalists play their cards. Frankly, I think its right interesting, thank you very much.
I don't think there is a reverse merger in the works with BIGN being subsumed into Royal. I don't think Royal is the staid old oil and gas company that is the target of the East Texas LOI. Closing the LOI is just a matter of time.
I think we're actually going to see a successful well out of WWNG (Tubbs). They may even announce that their "2 reworks amonth" target actually begins to happen. And I think we're going to see one success followed in real short order by another in Grimes. And soon, too.
We might even have a surprise or two out of the frozen north, aroung Lake Erie. Who knows but there might even be a serious Russian Engineer sighting in Oklahoma or in Tyler. And maybe, just maybe, we'll hear that having a hoity-toity plush set of office digs in Dallas lures a well known Texas oil man or two to do a deal with Tyche. It could happen.
In the mean time, people who want you to panic or MMs trying to spook you so they can strengthen their hand are going to play card after card to try to convince you that we're staring Ivan the Terrible in the bloody eyeball... and that he's holding a jagged knife to your throat.
Looking at the chart, this stock could legitimately test, and retest, and retest .0089 and still be OK, but the instant it does so, the howls and screams will have you convinced they are murdering puppies before your very eyes.
I think there will be news and soon and I don't think its going to be bad. I'm long and strong, baby. And I'm outa here tonight to do some screening for tomorrow on Stockfetcher.
Long and strong.... and don't be afraid of Ivan the Terrible.
Imperial Whazoo
spiras -
I checked back to the posts on the 15th and came across your post wherein you concluded that Royal is not the company BIGN is acquiring. You nailed it right from the start.
I'd bookmarked Royal's web page but not bothered to read it. So, I just spent about 15 minutes on it. Actually, thats about 12 minutes more than I needed. This is no old and established company. The acquisitions being negotiated in East Texas involve an established company. The web content on Royal's page is 90% filler.
This is a new entity, probably created to finance things. I bet the only properties they own are these Oklahoma properties.
Nice way to see it right off. I don't think there will be any reverse merger into Royal.
Imperial Whazoo
I'm not a banker but don't our banks take, for example, 10 million from the Fed and by law they can, as it were, create value, by loaning out based on that something like 10 times that amount in loans?
If this is the general idea, then Tyche as a land bank would be monatizing physical interest in mineral properties via some kind of loan facility? Sound like the general Idea?
Imperial Whazoo
I think you right in reminding the board of the employees. It looks to me like Royal is a relatively newly created entity. I'll have to go back to the old PRs but I think there was mention made somewhere in one of the PR as regards the East Texas company that was the subject of the LOI being and old and established company. So, that is another argument against a reverse merger. Royal is new. I would be very surprised to find out that it isn't new.... lets just put it that way.
I keep coming back to the idea these are all separate entities with specific places in the overall package: Tyche the land bank and so on.
By the way, I'll ask it again of the board... does anybody have any experience and/or knowledge as regards what exactly a land bank is?
Thanx,
Imperial Whazoo
hey spiras -
If they are both in the wells as WI owners (or ORI or PP or RI... who can say), doesn't this agrue against a reverse merger?
Or does the fact this was done thru WWNG tell us that BIGN is soon to disappear?
Have you seen my posts on the possibility that the 32 wells were flipped?
Does the CEO's email to you mean to you that this is less likely than I postulated (I actually favored this as an explanation until I saw your post)?
I kind of favor the idea that BIGN is not going to immediately disappear. My reasoning is that it makes no sense to have BIGN in 50% of whatever WWNG has in Oklahoma and Royal in the rest of the Oklahoma stuff only to have an immediate reverse merge show up. It would seem to me that this would be overly complicated in terms of basic things like Division Orders and tax assessor filings and so on. If BIGN were to be reverse mergered into Royal, there would be a third ownership interest change on every property in a 10 day period. First, ownership records changes happened when the WWNG (Oct 3) transaction happened. Second, more ownership changes if they were flipped to Royal. Finally, if there is a reverse merger with BIGN coming into Royal, another set of ownership/division order/deed/title changes toreflect the reduced WWGN ownership & the corresponding Royal increase (because BIRN & Royal would be the same) on each property. From a title/deed/division order point of view this would be insane, IMHO.
So, I think what you were told is that Royal & WWNG (50% owned by BIGN) are in these properties jointly and it tends to argue against a reverse merger. Make sense? Your thoughts.
Imperial Whazoo
Hey fratboy -
I just read your of that PR to which the Royal CEO referred in his reply to spiras. Low and behold.... gues what it was about... that 8.5% financing deal I've been so much pondering about. Well well well... maybe there is some kind of credence to this idea. I mean, when the Royal CEO points to that very PR... well, its important to understanding it all.... of that I'm more certain than I was before. Pretty darn intresting.
I was flying thru spiras's email too fast to realize that the PR being referred to was that one. If you hadn't have caught it, I would have missed it. Thanx for the catch man. Way to pay attention. Nice catch, man.
Imperial Whazoo
Thanx spiras -
It is a bit of a cryptic reply, isn't it. I posted a post earlier today in which I suggested that maybe they (BIGN & Royal) are both buying Working Interest, as an explanation for the two similar PRs about the same 32 properties. If his reply to you is taken at face value, maybe the explanation is, in fact, that they are in it equivilently; say for example .4375 WI each. Anyway, what of this idea as a way of making sense of his reply to you?
Imperial Whazoo
hey spiras -
Yesterday you said you were firing off some emails (5 is what I think you said) to the company. Have they replied at all?
Also, did you ever get the non-Hebrew version of the production page working?
Imperial Whazoo
Great post wildman,
Much better than my original everyman. You nailed it.
By the way, just wondering re how everybody else is set up, why not everybody kinda let the cat out of the bag as to just how close to wildman's everyman daytrader they are.
Let me start,
I have two microsoft 6700's thru sprint for real-time when mobile. I also connect via 2 aircard 580s, Earthlink DSL and comcast cable. I have two trading offices: one here and another with 6 monitors on 4 computers at another location.
On my left is Reuters Bridge realtime datafeed with the Reuters Level 2. Directly in front is my 21" monitor with AIQ realtime which I've custom setup with some noisy alerts that sound with a different sound so I can tell what is happening by sound (7 specific sounds to catch my attention). AIQ comes in with myTrack realtime behind it. Also open is my Stockfetcher which is 20 minutes delayed but on which I run a set of custom screens to find opportunities intraday.
On my right is a dual screen computer with Wizetrade up which uses eSignal real time. On it, I also have Yahoo streaming realtime portfolio & ticker going all the time, for news and a whole bunch of inductry groups so I can quickly switch to whatever sector is hot. I have the same sector setup on my AIQ.
And, I daytrade for a living and have done so for nearly 3 years. So, do I qualify as an everyman?
Thanx Wildman. Great post.
Imperial Whazoo
Very smart Billiam. Thanx.
Imperial Whazoo
Hey westeffer -
Can I ask a stupid question? What exactly is being marked by someone? Sorry to be so dumb.
Imperial Whazoo