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KMAG has a very different feel the last few trading days IMO. It seems to move more quickly both directions on light volume. If true, the amount of shares available for trading is getting tighter daily.
This mornings dip was simply a group of traders getting out of KMAG to get into something else. Relatively few shares were sold but moved the price downward a decent percentage. A similarly small amount of buys has moved us back up.
If we have less than 500 million shares in the float, with the growing amount of long term shareholders, this can move very quickly up faster than ever before.
Right you are. Here's a link to an article describing his move from semi's to the oil sector:
http://www.huffingtonpost.com/2012/08/14/warren-buffett-berkshire-hathaway-intel_n_1777257.html
And because we'll have fixed costs once we're pumping, every dollar that WGAS rises is bottom line net income for WGAS. Shareholders will pay more at the pump but have a lot more income to pay it with.
I'm loaded but if these clowns want to give away shares, I'll take another whack at em towards the end of the day.
Wheeeeee, a few months of holding to free money!
Nice grab. Welcome to WGAS!!!!
Hey Deedog. WGAS is still an undiscovered stock. Interest has picked up but its still incognito.
Hope you're right and we start streaming volume in the next few weeks. Never seen a more transparent stock than WGAS. Mason is a blogging machine.
I run Scottrade for my retirement account and it appears to be accurate. Thanks for the feedback.
AT used to be real time but has been late or off the last couple of weeks. I don't trust the numbers they're giving me. Not good when you don't really know what the bid and ask are.
Who likes their broker and who is it, LOL.
Thanks again. I need to change brokers, it still doesn't show that it ever happened.
Thanks. So you see the trade at the correct price and time. Ameriturd simply isn't showing me accurate information.
Anyone showing a 50K buy at .0091. I use Ameriturd and they filled me after 5 minutes but never showed the volume increase, the ask shows no reduced amount available and they still show .009 as the last trade. AT sucks.
Status Action Quantity Symbol Type Price Act. Price Time-in-Force
Filled Buy 50000 WGAS Limit 0.0091 -- 11:44:13 08/15/12
10q Summary: LGHS 10% increase in sales
3% decrease in revenue due to wire prices falling 13%.
Cost of sales down.
Admin expenses up 33% due to additional management hires & options.
NET income up 32% from $1.8 to $2.4 million
Net income through 2 Q's is over $5 million.
Well managed quarter IMO.
As hot and heavy as it was with the trades today, the MM's probably couldn't squeeze that last buy in before end of day. Ummm hmm.
Does KMAG have to fill todays gap? NO!!! From Swing-Trader-Stocks http://www.swing-trade-stocks.com/gaps.html
"Sometimes you will hear traders saying that "gaps always get filled". This just simply isn't true. Some gaps never get filled, and sometimes it can take years to fill a gap. So I really don't even think it is worth debating because it offers no edge one way or another!"
Some here may be forgetting the 3 long months we spent far below fair market value being held in place while someone accrued shares. We are still far below fair market value at .0186.
We hit .02 last run with only 25% of the revenue we now have. This is a different stock in a different phase that it was the first run.
Will KMAG fill this mornings gap? I sure don't know as it is up to all who now hold shares to decide. If the vast majority hold and buy more, it will probably never fill.
If the number of investors in KMAG continues to grow at our current rate, the gap won't fill.
If JR puts out a PR in the next few days listing our auditor, it won't fill.
If JR puts out a PR showing a reasonable share buy back number, it won't fill.
If JR puts out a PR with notice of a NOBO, it won't fill.
If JR gives us guidance in the next week, it won't fill.
Nice chart. WGAS has a ton of room to run. Hydro pressure tests and then production!!!!
Sheesh, I go on vacation for a week thinking WGAS is around .02 when I return. Very surprised to see it down a bit. The only thing that has changed is the amount of time to oil production is a week away instead of two weeks. Unreal.
Get rid of a few WGAS doubters, clean out some funding shares, start pumping oil and we run IMO>
Based on the numbers that WGAS has given shareholders in earlier PR's, .25 and well above are not out of line. You should read some XZX posts on valuation IMO.
Can't agree with anything you've posted. Sitting, watching, waiting and expecting what you said.
You have no clue how many shares posters here hold and how much risk they already have with their current WGAS positions.
You don't know the financial situations of posters here and what percent of their expendable income they have placed in this stock.
With only 170 bookmarks, WGAS isn't the most widely known security and the base of existing buyers is small at this point. The number however grows weekly and with hard news on actual production, is expected to run.
I find it strange that you care some much about what others think.
They have years of earnings losses to mitigate the earnings issue for some time. I'll see if I can find the exact numbers.
For natural gas, they said 4MMscf/d or 4 million cubic feet per day. At the current $1.94 at the wellhead price per 1000 cf/d and using 4000* $1.9, the revenue per day for the I1 is $7600. WGAS would bring in 1/10 of that or $760 per day. For 350 days per year its right around $250,000 for WGAS in annual revs added to the oil revs.
As was posted yesterday, Chesapeake expects nat/gas prices to rise. The railroad industry does also and they expect more income from coal as energy prices rise:
http://www.progressiverailroading.com/rail_industry_trends/news/Rising-natural-gas-prices-a-good-sign-for-Class-Is-especially-CSX-Qineqt-says--32014
Your definition of the "axe" is the generally accepted version. It's simply the MM that has the most influence in driving the direction of the market which can be either way.
Nice work.
The higher the price rises, the lower the amount of shares shares are required to equal the dollars traded per day.
Friday we had 50 million shares traded and around $425,000 spent in changing shares. Today only 27 million shares traded representing only 54% of Friday's trades. Around $275,000 dollars traded today which represents about 65% of the dollar volume of Friday.
I think we got rid of quite a few flippers on Thursday and Friday and the churning they add to the totals skews the trading numbers upward a bit. Just reading the board, it has changed posters the last several days. We have a larger percentage of longs posting today IMO.
I think more shareholders are beginning to grasp the significance of KMAG's/JR's share buyback, the huge growth in revenue and the legitimacy of this company. Why sell for peanuts when its evident this is worth far more. Many are willing to wait for the reveal on July's revs and projections for next quarter.
The nearly three month period where KMAG was grossly undervalued and held in place by unknown entities has to play a part here. Immediately after the share buyback ends, we move upward almost without resistance. Someone(s) wanted and bought a slew of shares on the cheap and now we move unencumbered. Coincidence? No and shareholders recognize it isn't.
Many recognize there are some powerful forces involved with moving the share price here, why not take the ride up with them.
Ref: there's something really classy about a company that announces "this is what we did", not "this is what we plan to do".
Yup, and it makes their "we're gonna do's" more believable.
Nice day of churning through the shortsighted sellers.
I'm more excited about WGAS's progress reports than the chart technicals and the techs are looking strong. Good luck to all of us!
The chart has been recently controlled by the dirty bastages and funding/manipulator group Ironridge until several weeks ago. We're coming out from under their control and this should make a huge move.
Irrespective of who is here and what is being posted, they don't change the intrinsic value of KMAG's management, the market segment, earnings growth and the reduced share numbers. The value here is undeniable.
Terrific info and great post Dissonant. Do you predict stock prices as well as weather forecasts?
Thank you. I have one question. When will we hit .10, in August or September? Grin.
The main leading indicators are Stochastics, Williams %R and RSI. (Williams is figured the exact opposite of Stochastics)
High volume is very useful when used along with Accumulation/Distribution to see where the money is flowing and how heavy IMO. MFI, RSI, Chaikin Money flow and Accum/Dist all show money moving in.
On big runs, there always seems to be a small run and then a quick retrace. A run before the run to get rid of flippers. We had the small run to .013 and the retrace down into the .005's. The current run is the real run IMO.
We have increasing volume, a buy ratio of 7/3, continuing news of production, increased IHUB board marks, the visitation of short term players and we're coming off a huge drop that is far below valuations. WGAS is still warming up for this run IMO.
I'd have guessed a different type of influence, perhaps the chemical type. What a great time to hold shares in WGAS.
I was wondering what kind of fool would sell me shares down here. Thanks, do you have any more?
Looks like LGHS has four main goals. To improve gross and operating margins. To diversify. To increase the float to get more liquidity, and to meet the requirements for a senior exchange. They plan on being very aggressive to accomplish those goals and feel they are valued 90% below similar firms. The hiring of MZ was the kickoff for all of the above.
Succinctly put, hold your shares and strap in for liftoff.
Just opened the letter from MZ Group. Here's a quick blurb for those who haven't received the info:
"In the past 12 months, Longhai Steel has made significant progress in its corporate governance, business expansion and financial strength. The most notable achievements include a new management team comprised of senior executives with extensive capitaal markets, industry and regulatory expertise, hiring Marcum as its new auditing firm and Pillsbury as its legal counsel. Longhai Steel completed its 2011 10K with no restatements or reclassification's. The company also installed a new ERP system in July 2011 and completed construction of its 2nd steel production facility in Q4 2011, which expanded its production capacity by 60%.
MZ Group looks forward to working with Longhai Steel in accomplishing its public markets initiatives. For more information on current Longhai Steel progress and a corporate update please visit your personalized secure Longhai Steel website"
Ah, thanks for the correction. So, La Jolla is unassailable in their ethics and conduct. ;)
How does one get an "ear whisperer". I'd like one with financial secrets.
That's pretty interesting Atlanta1, June 14th was the actual withdrawal date, 36 days ago, via email. Got to wonder what the delay in notifying shareholders.
Thanks for the info.
Hey you La Jolla guys. Did you pre-plan this "default/no default" situation to purposely crash the WGAS price so you could buy a bunch of shares for virtually nothing and then watch the price run on great news production?
Nah, guess not. Nothing of that nature has ever happened in the ethically superior U.S. stock market system.
Forget that I even asked.
WGAS's ten inch pipe should be the clapper for that bell. That would make some noise.
There aren't many things in life better than owning a drastically oversold stock coming off a bottom. Especially one that has huge PR backing and explosive revenue growth.
"To the moon Alice"!