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ALL-IN888, I agree and I have to admit that I trust your posts. I have been following you from GNIN.
Italk finalized RocketVoip deal!!!!!!!!!!!!!!..........is that true??? below is the link!!!!!!!
http://www.nismagazine.com/new-trend-analysis-report-issued-for-italk-inc-otcbbtalk-asset-acceptance-capital-corp-nasdaqaacc/125397/
I guess all the Day Traders are leaving....It's good for us....OCTX showed a good resistance at $7.00 for 2 days....
OCTX Trend Analysis....Just out of interest I was comparing Friday's behavior with it's past trend and observed that OCTX has similar trend on Tuesday(sharp fall in the morning - slow downward direction till midday and then shooting up in the final hours). The traded volumes were also comparable. Everybody know what happened after steady trend on Tuesday. I guess the same trend will be repeated this week. As mentioned on my other post, I guess people watching OCTX and deciding on their move will jump early this week.
Also, OCTX has reported that it is working on its second reserve and will be issuing the seismic report on the first sometime soon in May. So, I am expecting to see OCTX between $12 and $15 by the end of this week. FRIENDS DO NOT GET PANIC OF THE LITTLE DIPS FROM DAY TRADERS. OCTX is a long term bet with high rate of returns for those of us in the game now. WE ARE IN THE RIGHT PLACE AT THE RIGHT TIME and its all about it in the share market.
Will see a huge rise late Today or Early Monday......if my thinking is right, we will see OCTX shooting up late today or early Monday. I know some of our friends have been silently watching OCTX since last week and are still deciding on their move. All of them will jump in late today or early Monday.
Friends, if you are one of those, don't wait till it shoots up....act fast...
Those who bought OCTX on Monday are almost close to doubling their investment. Friends...HOLD on to your part...don't get panic with little dips, that's just because of day traders. OCTX has proved that BEARS can't stand against it and also it doesn't need any fake promises to boost it's price.
OCTX has announced yesterday that it's looking into second venture. As soon as they release the seismic report on the first and reservoir characteristics of the second, I believe OCTX will be between $15 to $20. OCTX is a longterm bet with huge profits. Stock market is all about being in the right place at the right time and WE ARE...
My Friend, thank you for sharing your opinion. But that's not true. Go back to previous discussions on the same topic. See if you still believe that your thinking is right?????
$7.29 and MOVING UP - POWER HOUR STARTED...GET YOUR PART BEFORE ITS TOO LATE..
Good news...........................................
Mousepotato, did you hear anything from your internal contacts.....I know, presently they are very confident about the production rates and are going to issue the report early May (nor sure on when the report is going to be public).
Please post if you hear anything from your contacts.
Close to $7.00 before POWER HOUR....my prediction ($8.00 EoB today) might come true
OCTX opened at $6.60. It will cross $8.00 (Just my guess based on the early morning buy-in volume)...dude,stop worrying about me and get your OCTX shares.
Skrilldavy, you are right in general, BUT, OCTX has proved that it has assets and they are growing their Engineering team (hiring drilling engineers in addition to the Geologists). Read the report on their assets.
On your comment on promotion - they are just doing whatever they can do to make their name heard in the industry. Just read all their promotions and you will see them talking about their assets and plan forward (most of the time if not all the time) but not making false promises. As you said Scamers just concentrate on their share price as they don't have anything to promote. As far as OCTX is concerned, they have proven assets and their promotion just helps you to grow your hard earned money if you own their shares
If you are not satisfied with my answer, just think of it - there is no promotion or PR today - Why do you think the price moved up by 23% - As I mentioned in my previous post, you will see the reality when there are no market emotions (NO BULLS, NO BEARS, NO PR's).
$6.27 from $4.73 with no PROMOTION....AGAIN...No BULLS, NO PRs, NO BEARS....it's when you see the reality....IT'S NOT LATE YET...I believe people getting in now can still double on their investment....IT"S BETTER LATE THAN NEVER...
DUSSFAN..I have to admit that you did quite a bit of research BUT, I think there's little more to be done. You cannot compare OIL SAND RESERVES with reserves in TEXAS. OIL sands are way porous and the recovery rates rates are relatively double. I am not worried about the cash in their hand....I am looking at their future potential and the way they laying the foundation for future...their present reserves are highly porous with high recovery rates. Presently they are doing seismic analysis and that report will the whole story. Based on available data, for reserves with that kind of data, the recovery rates are higher.
Also, couple of other things - they started hiring drilling team and that's not on news now (again this is part of the insiders game. This news will be out until the price is above the it's previous highs). Why do you think they are doing it? They are seriously concentrating on high returns and very careful and cautious about their leases. Look at the stock price behavior with the buy/sell volumes. Starting from last Thursday, there are some large outs and ins for no reason. The first "large out" started on Thursday for no reason (no bearish news) and then BEARS started attacking. BEARS are successful driving it down to $4.50 and then they are silent insider activity of buying huge chunks with no BULLISH news. Carefully observe all this events....IT'S BACK ON TRACK
Even Gxxxle and Axxle rely on promotions on their new products.....nothing can be done without promotion and for a exploration company like OCTX....it needs promotion and I believe that's how you heard about OCTX.
You are right Stockmyser.....OCTX will sonn cross $10.00. With no market emotions (no BEARS - No BULLS - NO PR's) you will see the right behavior of the stock and that's what happening with OCTX...
DUSSFAN...I am not selling anything to anyone....I am just sharing my opinion...with all the respect I value your opinion too.....If you can, please explain why is OCTX at 5.90 without any PUMP or PR....Also you can see couple of 20K buy-ins....for all the statements I made, I added supporting explaination....It will be helpful if you can do the same.....Thanks for all your opinion sharing..
At $5.45 - gaining momentum (with no news)....It's just because of the BEARS the price tumbled (part of insiders game) and not because it's P&D.
Jump in before it's too late...with no time OCTX will cross it's previous highs.
It's trading above 5.15 after hours....just a simple question to all the BEARS...with 3 bearish news and not even a single BULL or a PR from the company, the stock moved from $4.40 to $5.10+....what do you think of it........insiders dumped their stocks at $11 to make some real big money (google to check out the price they got their shares for...less than $0.10)....they are trying to push out as many as possible and drive the price down...they kind of started jumping in.......those who are out...just get your part...those who are already in....just hold and wait
On the another note, I saw posts on the company's reported losses with no revenue.....I would expect that for a start-up (exploration stage company). Look at their strategic moves....they clearly stated that OCTX's goal is to create value to share holders (make money) by acquiring lucrative fields and that's what they are doing...REMEMBER....you will see STRONG BULLISH TRENDS and all the BEARS will remain SILENT...it's all part of the game....AGAIN...ITS THE BEST TIME TO GET IN....
Also, read the report they issued yesterday or the day before....they have very good reserves. They are going to issue a report on the recovery rate by the end of May. With that kind of porous reservoirs, the recovery rates will be higher and once that news is out, you will see the stock price sky rocketing....
I used "Decent" as we don't have any info on the field development...with a good field plan we can optimistically say "Very Good"...
It's at $5.15..gaining momentum...get your part before it's too late
Watch out the slow build-up.....it's not late yet...
It's about the technical stuff in the first paragraph "consisting of Depth 440-470 (m), Gross Pay approximately 20 (m). Calculated porosity range from 24% to 32%, Permeability range of the samples of .5 to 2.8 darcies with the median about 1.2 darcies, Oil Saturation range from 60 to 80%, Oil Gravity 10.73 (API) at reservoir conditions in the lower zone. No API was obtained from the upper zones.". The data provided relates to decent production wells in that part of the world. If the report is true (assuming it's true) and with insiders play, OCTX will be back to $10+
Look at the Equity Profile Survey results...65% BUY; 5% Sell, 25 % HOLD
JUMP IN...it's moving up...
It's definitely not a dump ....did you read the report (http://www.fortmilltimes.com/2013/04/22/2634873/octagon-88-resources-announces.html) I have knowledge of what they are talking about...but the sharp drop in price is created by insiders....shortly you will see it rising sharply as insiders start buying them back...HOLD tight...
Guys, this is just a opinion sharing board. Let's not get personal. Anyways, let's be ready for tomorrow's surprises. My personal feeling (just based on my analysis) is that GIN will reach it's previous highs before the end of this week...
Are you serious...I think, the value may go down for a while under Chapter 11 filing...but once they are reorganized....share price may go up....