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IGTN trading is not frozen...30K just went through
I think those small sells are either moving signals or remainders of order fills...sometimes my order have been half filled during high volume to see if the PPS will move and force me to change my limit price....
point taken, and I agree about the opportunity. if I am analyzing this correctly, most of the savvies will be slurping up shares today and Monday.
read between the lines:
" we hope to be drilling on the first well of our program in the next several weeks"
'hope' and 'several' are extremely vague. indefinite means 'not definite', thus vague translates to indefinite. AND, since they said in their PR about the rig acquisition that they would be drilling in the next couple weeks (also vague), the drilling has been POSTPONED because it didn't start when it was expected to.
again, this does NOT mean that AMEP is worthless and you should sell blah blah blah, etc, it means ONLY that the drilling has been delayed (postponed!) and they're not sure when it will happen (indefinite!).
Geesh.
whatever, ne14atrade....if anyone is a flipper it's you. You've been pumping this stock like there was no tomorrow, and now that there is a SLIGHT downturn you are pissed off. If you were a long-term investor you wouldn't care that it has dipped, and wouldn't be upset if people are flipping because you know the longterm value of the stock. Besides, flippers make the world go 'round, otherwise the stock wouldn't cycle and would have little medium-term momentum.
I suggest you calm down for a few hours and then look back at your post to see how immature it sounds. I've got alot of shares and as I've posted before I have longterm and short-term positions. I have not sold one bit on this downturn, and even if it drops to .01 I won't sell. If anything I'll buy more at that point.
Relax, dude.
to me this morning's drop is a lesson in how futures run stock prices. the support this stock had at the .07 level was IMHO entirely based on the expectation of the drilling announcement. It appears now that the drilling period is indefinitely postponed, so alot of people are bailing.
I admit I was panicked this week because I didn't have the funds available to buy backin on the stock....I, too, was expecting the drilling announcement, and that fueled my panic.
However, this does not in any way change my longterm view of this company. AMEP is still sitting on a goldmine...it will just a bit longer to realize, that's all.
we should start a pool on this...I say the odds are about 40:1 against a filing
T minus 8 hours and counting...
Cowboy,
Let's say hypothetically that the MMs are preparing for a move. Would you say that it's a permanent upward shift (like an upward correction?), or that it will be a spike pump-and-dump style like we saw in September? Are there any indications that point in those directions? It's a tough call from my end.
PRs: Phoenix has released 2 PRs within 48 hours of each other more than once in the past 2 months....perhaps we really are just seeing the tip of the iceberg here....
isn't it obvious where the cash is coming from? they have a giant sand and gravel pit that's getting hammered night and day to meet the demand. they are raking in the dough right and left from it, which gives them fantastic leverage to acquire. to me it's no mystery....
math addendum:
the $13.52M/year was without the previously announced $2M/year minimum added by the 3-D builders acquisition, and disregarding the headquarters expansion:
$15.52M/year / 466M shares = .033/share rock bottom....we are undervalued based strictly on the numbers we've been given. eat that MMs
Tree, will you delete my RB post and this one too? thanks -griz
RB NEVERMIND.....I thought rb was back up but submissions still fail. Tree, can you delete this post?
alot of people sell during a buying frenzy...perhaps the MMs are taking advantage of this so that they can maintain their accumulation and still sell without having to pay higher prices?
let's do the math (and thanks for the solid numbers Mike!):
18 wells @ 26 bbl/day average * $52/barrel min * 250 production days = $6.084M/yr
assume maximum 22 wells @ same = $7.436M/year
total: $13.52M = approximately $.029/share
To me this means the following:
- .029 is the *absolute* rock bottom value of this stock, because this figure is exclusively the Rome oil figures and the Wyoming figures
- this is a long-term lower bound because the reserves will be around a long time
- the money is solid as it will not be put back into debt repayment (cuz there's no debt ya know)
Phoenix is laying a foundation here. Their growth is accelerating exponentially and by the time their filing is in they are going to be *sitting pretty*. Damn I'm glad to be in with as many shares as I have.
That PR is only 21 minutes old...give it time to disseminate
well, I was going to hold long until the R/S announcement. Now my share count is so low there's almost no point in waiting 2-3 years. If I break even and get my original investment back, that money is better spent elsewhere on shorter terms.
OT: indeed, AMEP is a great play too...but AMEP's stock performance is even more potential-based than PBLS. AMEP's advantage is that it's on OTCBB, so it's play is a little more tight. But you're right ne14, right now AMEP isn't producing much of anything at the moment...all of their shareholders are waiting for AMEP to announce that their new rig is in place and drilling wells. Once the process has started, you can bet AMEP will climb slowly and steadily...until then, PBLS has way better sheer numbers then AMEP.
I also feel that once AMEP announces drilling and starts the revenue flow, they will pass PBLS numbers-wise for a short while, but PBLS will pass them again once the Mid-South acquisition is in full swing and their new acquisitions are announced.
The key to comparison here is how long will it take AMEP to materialize the Barnett Shale potential (which is high, btw) and in that amount of time will PBLS's aggressive acquisition strategy put them in a better position.
Either way, both are great plays. I'm mostly in PBLS but waiting for an opportune buying time in AMEP, at which point I'll do a *little* shifting.
yep, me too. But why wouldn't we? two nothin's is nothin' and at this point if the stock goes up even 100% from where it is now at least we'll get *something* back...
my hope here is that Sandy worked a deal with a fat-walleted investor to buy-in after the split and fund the product launch. most of us will sell when we break even, so it would be advantageous for any big investors to bring the price up and acquire our shares....
remember what happened last time the volume increased surrounding a Marketwire Hotstock Alert? (see chart during and after September 1st)
<kaboom>
well we all know NITE does it...think E*Trade does?
One thing I am very optimistic about is that PBLS has not accumulated dangling carrot indicators. Those of you on IGTN know about this...it's basically a repeated series of PRs that promise something is coming, but then it never comes.
For information on dangling carrot indicators, see this revolutionary chart serfdom posted over at IGTN
http://www.investorshub.com/boards/read_msg.asp?message_id=8299602
it should be noted that we did break the .03 barrier to .031 (that's right, as PowerPole so cleverly carried on my metaphor, PBLS gave birth to a .001...that was hilarious btw, PowerPole). So something *did* happen...
Seems that this pattern is similar to the one just prior to the acquisition announcement. If I were to make a prediction I'd agree with ne14trade about a possible PR, and that it will push the PPS up 20% or higher depending on the nature of the PR.
-griz
Remember, 'on or before Friday November 4th'....they've got two days left. Today was a good day if you bought in at .005, but if you stupidly bought in at .042 (like someone I know) and didn't sell at .036 today was little more than a placebo
sorry to hear about that duey...took a while for them to fill my buy @ ask as well (about 20 minutes). However, that is a really good sign...to me it means the buying pressure is very heavy and the MMs are waiting for something to happen so they can 'release the river!' (from the end of the Two Towers) ...thoughts?
I was hoping we'd finish at .03....oh well this was still a fantastic day for the stock. great volume and good-lookin future :)
Cowboy, et al, I'm looking at straight 5000 share trades...I've seen this happen before and it's usually a signal to move in a direction. So far, the most common pattern I've seen is whatever direction the trades were made on. So if .0295 is the ask, the MMs may take it up, if it's on the bid, they may take it down.
Is this superstition, fact or am I going crazy? Either way, is 295 on the bid or ask?
can someone give me Level II with weight stats on the Ask side?
RIG that pic reminds me of a tasty dish one can find at La Cucina Flegrea in Pittsburgh....rigatoni with a vodka/tomato sauce. It was the cheapest thing on their menu but by far the tastiest....ahhhhhhhhhh
not sure, possibily when you have a large all-or-none sale at one price and there are only small quantities at bid?
math: 900K * .0295 = $26550
That's less than angel-funding for a huge investor, and a giant chunk of money for a small-time investor. Either way it's good :)
Question about the voting:
Does one share or one person count as a vote?
OT marketwire nevermind:
got my own answer off the PR....rtfm, eh?
OT: marketwire
How does one's stock get on the hot list? Lots of pinkies have had much more activity on the positive side than PBLS. How did PBLS get picked?
Just curious....
hmmm...any reason to think we might be getting naked shorted right now?
alot of us have spoken with Mike. He is very optimistic, and rightfully so. They are slowly releasing fruition of the potential we've all believed in. A couple things to keep in mind: it's in Mike's best interest to see this stock go up, so he's not going to bash it. *Every* IR rep will be positive. But the difference with PBLS as opposed to pumping IR reps, like IGTN's Sand, is that it's almost a mathematical property that Phoenix is going to get an exponential increase in business and revenue, so there's no reason to doubt Mike's positivity. In addition, there is plenty going on behind the scenes that we're not aware of....the giant spike to .128 was due to Osprey's re-introduction of Phoenix to the public, and Mike is basically responsible (IMHO) for Phoenix's stock being as high as it is compared to where it was. if Alonzo hadn't hired Osprey, the stock may still be sub-penny.
This is just the *beginning*. Regardless of the short-term performance, Phoenix is standing at the doorstep of a revenue stampede. I suspect that what's going on behind the scenes right now is that they are planting their feet in as lucrative and solid ground as they can before the rush...
And be patient about the filing. If you have questions about why they haven't filed yet, I suggest you talk to him. You will be satisfied with the answer.
OT: party, isn't that what AMEP is doing at the Barnett Shale?
oops...someone just bought 81K shares at .285...too bad I wasn't selling them at that price!!!
someone just lost $21,000
regulation sho:
after our debate about this I sent an e-mail to the Nasdaq's general help folks. The resulting e-mail has a disclaimer about distribution, so I am not allowed by law to quote the e-mail. However, it did contain a statement flat-out confirming that a pink sheet stock that has been naked shorted and not covered *can* appear on the Regulation SHO list.
This confirms why I have seen several pinks on the list. Of course, without being a reporting company it's difficult to ascertain exactly how much has been shorted and not covered, I suppose, so a pink's appearance (or lack thereof) may not be indicative of anything relevant.
-griz