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Nice chart setup on a low float (looks like 34.5 m as of March 31 2014). Maybe she runs to the 200MA before consolidating.
"Currently Indigo through the joint venture intends to purchase up to 150,000 barrels of oil per week through Nations Oil and Gas relationships in the Uinta Basin."
So, is it the Bakken/Nations business relationship partners that are selling the oil to Indigo? If so, what cut does Bakken/Nations Oil & Gas get if their 'relationships' are selling the oil?
Go ahead and attack me but this is another vague, dangling carrot...again. Prob runs good today and then the selloff. I'm still waiting to buy below the 200ma support.
$ORFG - Gonna try and break support at the 200ma? $ORFG never behaves the way you think. There's a gap under .01 to fill. Makers on this stock like to fill gaps with solid candles and no wicks. It's happened every time since I started watching this thing. If you are a chartist like me, you'll see what I'm talking about. Have a feeling they are trying to fill it. I flip this stock now. I'll reenter again if it breaks support.
I hope you longs get your run again but I don't like what the company as done with it's dissemination of news lately and it appears others feel the same and the proof is the declining PPS.
Capitulation day. Company might as well put a sign out telling shareholders to stay away. Relentless toxic dilution. Killed everything. I will no longer defend Managements decisions here. GLTA.
UGLY UGLY UGLY
$WWAG - Nice Hammer candle on the 60 minute yesterday near the close. .013 is tough resistance (MA50) but if it breaks, I'm in. On watch.
$EHOS again?
$EHOS - Daily CHART bounced from the DOJI candle on Friday. It would be nice to see a continuation with volume today. PSAR now @ .005. Very reachable from here and that should confirm a reversal and the break extended downtrend we are in.
$EHOS - 10Q out / Yep they raised some money with shares for the product launch (24,681,297 shares F-13). What I did not know is the President gave $75k of his own money on loan to the company:
NOTE 8 – DEBT – RELATED PARTY
'The Company’s President has made loans of $75,000 to the Company. The loans are interest-free and due on demand.
As of March 31, 2014 and December 31, 2013, the balance of the note is $75,000. '
And, the President pledged his own shares as collateral..
'The President of the Company has pledged 42,900,000 shares of his common stock of the Company as collateral for the loan. In the event of an Event of Default that is not remedied as defined in the Loan Agreement, the lender would also have the right to convert the principal balance of the loan into common shares of the Company at the rate of $0.001 per share (for up to 100 million shares).' F-8
I think he wants the company to succeed.
Pathetic....got filled. Ready to flip again. Only way to make money on this pig right now.
$EHOS - Strong volume EOD and a doji at bottom along with MFI increase. Oversold/diluted/capitulated. It also filled a gap from late March. This will bounce. Looking for a MA50 test soon. If it breaks above, I look for a .01 run.
$EHOS It sucks right now....but strong volume EOD and a doji at bottom along with MFI increase. Oversold/diluted/capitulated. It also filled a gap from late March. This will bounce. We'll get a MA50 test soon.
$GEFI - Time to wake up. PSAR flipped to buy. The signal?
$GEFI - PSAR flip to buy on the daily. MFI at rock bottom. Could be ready. Low float, low volume but when it moves, it moves fast.
Pos. Nothing more than a flip trade. Treat the stock like it treats the shareholder and u will be fine. In at .016 and out at .024. No longer holding. Will look for another reentry.
$EHOS - watching for the PSAR flip (This week?). Extremely low volume yesterday. Climb above .007 and this will get exciting again.
$JYHW - Bullish Pennant on the daily. On watch for next week.
Also, 8.4 mil bid support @ .0048. I can smell the move coming on this one.
$EHOS - behaving similarly to the last breakout. PSAR and 50MA gonna touch and that would be a great target to breakout from. Currently @ .007. I'm looking for the PSAR flip soon.
Time to reenter....
Bought more today. I liked the update. I expect price appreciation soon as we draw closer to launch.
.02 to be tested again.
.014 is 200ma bounce but that would be a complete breakdown.
Solid candle gap fill @ .02 coming.
Thanks $ORFG. So who ordered the awareness campaign? The new CEO? Keep dangling carrots to Shareholders...thanks. Loyalists here who resort to personal attacks since they are drinking most of the corporate Kool-Aid may want to start questioning the motives of the company now. Will the 'new' CEO have a change of heart about the dividend? Does the new CEO have a change in plans on previous activities? Did anyone see this coming? Delays..delays.....and lets hear it, "Rome wasn't built....blah blah blah...."
Yes, I'm looking to sell and move on so don't bother asking me to. Not happy one bit here. Gonna reenter lower and flip this.
Agree. I believe the news will be substantial.
ASCM needs to let go on the ask.
Ummm, how'd you think they got the cash? Yep, selling shares. The only good thing about this event is that if this closes with a green candle today, it could signal a reversal since the previous trading day was a doji at the bottom. Then again, any bullish chart is immediately killed.
Told you they would fill the gap with a solid candle. Awful. Company blew it. Why the promo? You just pissed away shares and scared away potential shareholders. Good job.
Wish it were enough but these makers Iike to fill gaps with solid candles and not wicks. Just look at how previous gaps are filled. Only good news is they need to fill some gaps above as well.
Gonna fill the gap @ .0297?
Without the news, this goes no where. Almost 2 million and nearly flat. Folks, not a good sign. Starting to smell.
Historically, whenever you see this many touting one stock, news is coming. You'll see. Company is paying for the awareness, means they have news to share. We all knew news was coming anyway and I'm glad they didn't release any on Friday.
I've counted 10 so far. Usually, when there's that many, news is coming.
$ORFG Heavily promoted tomorrow. That means News in imminent. Can't wait for tomorrow.
Company should follow up with something today. I get that some delays are out of their control but you don't PR like they did and then not give shareholders an update in the timeframe they promised. Question is, what time is the PR today?
WOW...Volume surge. Highest daily volume ever! $APPZ in play. If this volume sticks around, it'll blow past resistance levels and head to .01 easily.
Next candle on the 60 min looks better....could bounce. MFI bounced to. Was the last hour the capitulation hour?
Breakdown....
Yep. I'm watching the daily and 60 min right now. Daily shows a Bearsish engulfing candle and the 60 min showing MFI drifting lower. This stock is heavily manipulated.