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I've been talking to your real estate agent (I am also in the market for an island) and he says that you're only going to get at most 1/2 and island when HMGP hits a buck.
If we are going to have a contest lets put the target at at least $2 or higher. :)
There is too much of a psychological barrier at $1 as it is without reinforcing it, although even half an island would be nice I suppose.
Nice, it must have been in my subconscious when wrote that.
Tip of the iceberg.
Anyone know how many acres are in a square mile? It's 640.
So lets say they managed to get all of the 15 square miles. That is under 10,000 acres in the Humboldt Chanute field. Hemi has over 80,000 acres leased all over the place. We've heard about some of it like the Sabine and ND leases, but there is lots, lots more.
That's why we aren't talking about $.30 or $.40 any more. That's why $1 is only a stopping off point on the way to $3? $5? $7?
Somebody wake me up when we hit $1.50 so I can buy some more.
News Tidbit: Book of Hemi
Here's something from the first PR that came out after I got into HMGP. Probably some stuff the you haven't heard. Want to know part of what DD2 means when he says things like: "Think Bigger DD picture for oil values in Ks"?
Hemi Energy Group Closes on Acquisition of Additional 45 Oil Wells
Sep 21, 2006 1:52:00 PM
Copyright Business Wire 2006
GRAHAM, Texas--(BUSINESS WIRE)--Sept. 21, 2006--
The acquired lease acreage and wells are located in Woodson County, Kansas, comprised in excess of 1000 acres located adjacent to Hemi's current Purcell, Tebbens and Zimmerman leases. This acquisition gives the company 103 existing production and injection wells covering over three square miles of contiguous Enhanced Oil Recovery (EOR) operations. Production is from the Humboldt Chanute oil field comprised of Mississippian era (squirrel) sand stone formations located at intervals at less than 1000 feet of total depth. Since the acquisition, company and contract field crews have been repairing and reinstalling lease infrastructure, test pumping, rehabilitating wells and establishing a baseline production for the leases and each individual well. The company expects to have the leases online and in full production within the next 30 working days depending on variables such as weather and equipment availability.
Keith A. Anderson, President of Hemi, said of this acquisition, "As far as our leasing program is concerned, these leases are key to making it possible for us to optimize the Kansas EOR operations. We continue negotiating with additional mineral owners and companies for both additional production and lease acreage in order to expand the current EOR project. Pending the outcome of these negotiations, we expect to acquire lease acreage to potentially give us 8 to 15 square miles of contiguous EOR operations in the Humboldt Chanute field."
Additionally, preliminary geological studies conducted and identified by Tectonic Energy Consultants have identified the same geological markers and trends identified outside the known boundaries of the 150,000-acre Humboldt-Chanute field. Following the Tectonic recommendations, we have begun leasing undeveloped or unexplored acreage following this newly identified trend. This additional leasing program is intended to be developmental drilling program, scheduled to commence next spring.
Things that make you go HMMMMMMmmmmm.
The thought of even comparing Keith to RPH turns my stomach.
And waiting.
We haven't even gotten to February yet. I'm betting we will get a PR before then about something else. January production numbers, more leases in Kansas, who knows.
Cut him some slack folks he didn't have to come back and eat crow, but he did.
It's a beautiful day in the neighborhood...
That gives me warm fuzzies too.
And we all know better than to believe pink CEOs normally. Maybe that is a good rule of investing: finding exceptions to the rules. Hemi is certainly an exception.
As lowman says, throw out the pinky rule book.
That chart gives me warm fuzzies.
I know what your saying zguy. The MMs do it all the time in both directions. Like right before they fill a buy at the ask they will change the bid/ask up and then fill it to make it look like a sell.
My birthday is in February. Happy Birthday to ME!
On a side note, I quit telling my wife how we were doing around $.09 (which is where I broke even for 2006). I'm going to see how long I can go without breaking the good news to her. LOL.
Ugly paintjob. cheap.
So where do you think DD2 ran off to?
There is validity to what robospice is saying in general, but obviously it doesn't always apply and certainly not in this case where we are so tightly held and so undervalued.
Even DD2 said they were waiting for volume and would buy on volume, which is part of the basis of robospike's arguement. I wonder if DD2's group is missing the boat here as well.
We know the effective float is probably only 2M-3M, probably smaller. Even without us iHub longs (and various other board players) the trading float is very small. There are some big groups tightly holding large chunks of the float. So when we trade 300-400K shares we are trading at least 10-15% of the volatile part of the float.
I don't know how we are going to be getting much more volume than this with the MMs naked shorting or the price being around .92 and dancer sells his shares.
Oooooo! Oooo! Ooooooo! Pick Me!
What is 'support'? (jeopardy style)
This ones already over. They can't even come up with enough shares to fake a good panic selloff.
.225 x .23
Did you miss this mornings conversation?
I wonder if the MMs are getting a little worried about how few shares have been sold at the bid this morning.
I'm sure a few folks still might sell if they think it is done moving for the day, but fewer than you would expect unless you were one of the longs.
All kidding aside, AMEN.
Last week I stole what I thought was all the money out of the 'finish the basement' fund and bought more Hemi. Last night I realized I had only gotten 2/3rds of it. Here I was this morning all ready to setup another wire transfer and pop there goes the PPS on no news at all.
Anyone think the MMs are pretty sure this is going up? They don't want to get caught out this week.
I'd still consider it if I didn't have to take it out in a few weeks to pay the next set of subcontractors.
Bollies are starting to tighten up nicely. This will go on news whenever it happens, but by Thursday those bollies will be wound up tight enough to make lowman look like Ghandi when somebody says 'retrace'.
FYI the shortsqeeze increase was actually 376%, you were looking at the wrong number rwayne.
Headfake in progress, they're giving you a chance to repent and buy back in.
Last cheapies below $.20.
Yes, I am tempted to pick up a little more if we are having news this week.
Don't judge HSM by the wackos in the CSHD thread. They are complete and utter fools, the rest of the board has some decent folk, but I have finally realized iHub is better.
Somebody has been for 2 months.
I think we are generally in agreement.
As most of us longs here are. :)
I wouldn't mind a breakout event somewhere in the future though! To take us from $1.50 to like $3. ;)
News: Dec 19, 2006 HMGP runs from $.065 - $.08 in 1 days.
News: Dec 28, 2006 HMGP runs from $.09 - $.14 in 3 days.
News: Jan 10, 2007 HMGP recovers $.125 - $.15 in one day.
News: Jan 18, 2007 HMGP runs from $.16 - $.19 in one day.
News: Next week HMGP runs from $.20 - ?
This is definitely news/event driven stock. The penny gains in between news may have been 'word of mouth' support building and sustaining the runs. lowman has had everything to do with that around here, but it is still the news that drives us upwards.
I agree Hemi is about the fundamentals, that is what the news releases have been revealing to us. However, this is also still a chart play at a basic level. Put simply, we haven't broken the 10DMA in nearly two months, that's all I need to tell me to hold.
I have to disagree on one point. I know that the MMs are by definition the very incarnation of evil. However, the are doing a very tricky job making market on a stock. Yes, if they want people to sell the bid needs to go up. The problem with that is, the ask has to go up as well.
However, there is no reason to raise the ask, because no one is hitting it, so the bid isn't going to go up either. The result is a low volume stock, which is as it should be given the effective float. We may get spikes on news, but I suspect that our average volume is going to stay below 500K. Right now we have a very reasonable, fairly tight spread which is how it should be and we are moving no faster and no slower than we should.
Sometimes I get the impression that people feel the MMs are holding us down and that just isn't the case. Sure they try their games occasionally and try to head fake us down, but I doubt there is much going on beyond that. The bottom line is that there isn't any buying pressure except on news. Is that a problem? Not really. We have plenty of good news in the pipe, that's why we're here.
Actually, I don't sit on them much. I have an empty room in my house where they are spread out on the floor and I roll in them occasionally.
It makes me happy. :D
That is a dilemma I can't wait to chew over.
Is it summer yet?
You're the second one who has told me that today. Spoiled? I resemble that remark.
Back in a little at $.19. No I am not bipolar, no more so than this stock.
Double top is a joke. Look at the bollies on 60 minute chart. This getting so wound up, its ready to blow. Bollies are tighter than during our run up from $.16.
I hope DD2 and his friends are happy enough with their handle, because they might not get more than this.
Congrats folks. I got in on this a few days ago @ $.0026, thanks to Fringe's board. I sold a little early when it stalled this morning, because I didn't do enough research first.
But I've still got a third of my original shares or so riding free.
GLTA
Thanks. This was my first foray back into active trading after riding HMGP for a few months (yes months), and I forgot to plan an exit strategy.
Having an exit strategy would imply knowing where I expect this to go. I will go check out the ATLJ forum in more depth. I was back in at $.01 basically on freebies, so I have some margin to go learn what I need to.
PS. Hi, Brikk!
I hate asking this, because it is such a newb question, but what are what are you thinking by "Huge Potential".
I got out of this at .007 this morning because I didn't know what the expected potential topside was and I had to run an errand. I got back and got back in with some of the money I made this morning.
I finally subscribed after lurking for months just to ask this question, so please be kind.
I promise to learn to answer this question myself given time!
Yeah, lots of selling. Somebody doesn't like this one anymore. The MMs are loading up on cheap shares and posting them in one big lump after hours.
If you are going to give out 2 year restricted shares you had better make damn sure you've gotten your company up and profitable before that 2 years is over. Looks like NHYB didn't quite make it.
I was out again this morning at $.025. If it dips below $.02 I'll think about getting in again or if the sell-off ever stops.
So I get a PM from some idiot who was helpfully reminding me that
There is no A/H trading!
I almost paid twelve bucks, just so I could tell him he's an idiot.
I never said there was, however, there are trades posted after hours. In fact, in my last post I said the trades probably happened earlier today before our run.
And when that trade that is posted after hours is 8M shares and constitutes over 40% of the days trading, it is significant.