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8M+ AH? Ouch. I just don't get it.
Looks like someone is still selling, but it was probably all earlier today. Our little run didn't happen until the end of the day and the price on it was up from yesterday.
LOL. First the friendly questions and then you move in for the kill. ;)
We wouldn't even have to complain, we could just have everyone call the DTC and ask for clarification on what the problem is. I am sure they would rather fix the problem than repeatedly explain it to people.
Well, we can't own all the shares at this point can we? :)
If there aren't any left, who will come around to buy it up to a $1? I've actually been saying all along that the float is probably tighter than we think it is, but not that tight!!!
On the other hand... maybe it is. Maybe DD2 investment groups are too late and when they try and buy it up it goes to $.40. Wouldn't that be nice.
Yeah, no one may be willing to sell, but it doesn't seem there are many people willing to buy either. I can't believe we have the entire community of HMGP investors here on iHub, cautiously not doing anything.
This isn't exactly what I would call churning at all. Hanging out with no volume, isn't churning and it isn't really consolidating either. It's just stagnant. I would much prefer to see some volume going through, even if it is just sideways, 3M, 6M, anything.
It looks to me like a lot of our last move upward may have been DD2 groups buying. Now that they aren't we get nothing. Personally, I would much prefer to have a slightly broader investor base.
Yes, I am still holding a small position.
OC, are you a RCM guy? I know you are in both this and HMGP so I figured you knew about RCMgt or know some of them. If so, did you notice they've taken away their recommendation for NHYB? Not a great sign.
In the other stock I was in that is still having these AH trades there was a significant short position. Someone had started dumping and the MMs took it down, down, down. The dumpers came down with it and eventually things have kinda bottomed out.
I think it my case it was the company trying to raise cash, because the CEO was complaining up a storm about manipulation and being shorted etc, when in reality it was his own fault for telegraphing his intent to sell. All, IMO.
Since it has been confirmed that there are shares coming off restriction here, I am not surprised to see the sudden drop. If we know it, then the MMs know it too. Is there a short position here? Can we guess the size of the restricted block coming out? The has anyone asked the TA if the counts have changed? I apologize if this has been discussed, some day soon I will pay for searching priviledges.
Either way, I think it is something of a good sign, if the MMs are willing to pick up large amounts of shares at these prices, then perhaps it is time to think about buying. Whether they are covering shorts or stocking up for the future it is the same.
The key is knowing how many more shares our unrestricted friends have to dump and gauging when it will stop.
From what I can tell the market cap is getting ridiculous at this point, yes? I'm already over-invested in out other little favorite O&G play and was looking for something else. I figured if lowman hadn't completely sold out of this yet then the fundementals must be pretty good.
I would rather miss the bottom here on the way back up than on the way down, but this sharp drop the past few days looked kinda tempting.
Ok, I'm sorry. I just couldn't resist playing stupid.
Man you guys are bleeding over here. I have been watching for a week or so, contemplating entry. We just dipped below .002 and I am getting itchy.
Any thoughts? Should I wait it out or maybe start accumulating a little.
FYI, I have been in a stock recently with the same afterhours trading. As best I can tell in the other situation it was shares coming off of restriction or even the company. The MMs were picking them up like crazy, but maybe didn't want to show it during the day.
Hi. I am new here. Someone told me I should get into domestic oil and gas. Should I buy some stocks of NVMG? Native American sounds pretty domestic enough for me.
Thanks.
I think that is the key to the whole discussion, the tightly held float. Unfortunately, it is the hardest thing to verify, but so far the effects have been obvious. Dramatic moves up with very little or no retracing.
When we hit $.40 things may start to loosen up a little. Heck even I might sell a few shares at that point. Or not.
Actually, if anyone has huge blocks contact me first. I will buy everything you've got for $.10/share.
I agree. Looking at the chart Jagman posted it looks any cup and handle pattern probably already happened. The consolidating from the first of the year through the 16th was at the same level as the beginning of the cup in the last week of July. We could be in the middle of the breakout right now.
http://www.investorshub.com/boards/read_msg.asp?message_id=16368870
On the other hand there looks like there could be resistance at $.20 and $.25 where we could have another handle forming type pattern. Anything that happens will be short and shallow, though. Volume before July where these patterns started was much lower than it is now. The resistance at $.20 and $.25 may not be very strong. Depending on what news we hear in the next two weeks, we could be well on our way to the $.30s by the first of the month. After that there is an open field.
We also will have had the golden cross at that point increasing exposure right as the geo reports and new wells get started. I am starting to understand why some are calling for $1 by early summer.
Pot & Kettle and all that. ;) -eom
Is it Monday yet? I hate weekends.
Maybe I should go find a second hobby besides making money with Hemi.
Wow, if I had been over there I could have doubled my money in only few weeks!
Now I am doubting if leaving my money in HMGP was a good thing. After all, it's only octupled. ;)
Unfortunately, Florida is a little too far for me. However, if we ever want to have a real shareholder meeting, I've got friends in Wichita I need to visit too.
He is probably refering to the intraday charts, not the daily.
Interestingly enough, there was a buy for 555 followed by a buy for 1950 late yesterday in the last 15-20 minutes. According to those who try to decipher MM stuff, this would have been a call to gap up to $.195. I was waiting to see, and that is exactly what happened.
Doesn't really mean much, but sure is interesting.
I agree. Recent timely and consistent PRs show some obvious concern and reveal what a kick butt job is being done by the whole team.
Dilution is out of the question, you are absolutely right.
As far as I am concerned, any use of equity financing or any other increase of outstanding shares at current prices is unforgivable dilution. This is only because the shares are still severely undervalued. If you are giving out shares at $.20 when they are really worth $1, then you are throwing away 80% of each share's value to the company and other shareholders.
I don't have a problem increasing the O/S when the stock is fairly valued, but it isn't right now and hasn't been for months. Actually, it probably never has been and that is why we are in the middle of a serious price correction.
Once the correction is reasonably complete, then I would welcome increases in the O/S. Keith has already shown he knows how to get the job done without serious debt or wasting money. If he gives out shares to obtain sweeten a lease deal then I am sure the company will benefit greatly from the lease. Lets just hope than any such shares are given away in context of their true value.
I guess the only thing that worries me is when Keith says he isn't concerned about share price, while at the same time using shares to get leases.
I'm practicing my use of markup so I can grow up to be cool like duediligence2. I just don't have the same skill at asking rhetorical questions. LOL!
Of course, we thought $.10 was going to be tough to get through, too.
It took, what, 3 minutes?
Sorry, man.
I think i just chit a brikk.
Just remember, Mur and I were here before first, LOL. Of course, that was a problem.
It wasn't a problem, in fact it let me load up the majority of my position below $.03. If I hadn't beat lowman here by a few weeks, I would be very sad right now.
You go boy!
Yeah, but they are back to mirror trades again. Looks like the resistance at this level is already gone.
I'm sure once a few of the flippers wake up this morning we might see some real sells, but I doubt there will be much of it. All of that churing around $.15 got rid of them all. Beautiful.
The support on those L2s looks a little thin, but it always has. However, we have never broken it, regardless of what they've tried. It just shows how tightly held and strong of a play HMGP is.
My first indication was your post! LOL!
I've got my ticker sitting up here on my other monitor, but I wasn't paying it no mind, because I thought we were done for the day at $.17 and I was happy with that.
The great thing about these Sabine leases is there are pipelines nearby. As these big dogs move towards Hemi's leases, it doesn't take much to add to the pipeline and make it accessible.
Hemi's gas in Kansas currently has this access problem. It is nice to know the reserves are there behind pipe for future development, but these other lease are serious stuff.
Ahh suck. I jinxed it and I'm red 5 minutes later.
Well I got a block at $.031 this morning. I am not sure that everything is back to normal, but it looks like it is trading much more freely. That has got to be good.
Dangit. I had an order in at $.029 and it didn't fill in time. Grrrrrrrr.
OT - :) Sorry, I usually don't spout off like that, but I was feeling singled out.
I more than agree with you and I'm going to try to be a little more on topic going forward. I really like the way you guys run F's PS and if we all want to take HMGP in that direction I'll be the first to shut up.
Well, I guess I will see you all in a few days when I find something worthwhile to post. ;)
Thanks.
I appreciate what you bring to this board as one of the few people outside of lowman that actually know what you are doing. I also have been lurking over on fringe's board and think you guys really know your stuff.
But calling me out over that when 80% of what is said here is totally irrelevent to HMGP, well I just gotta say that you can go screw yourself. :)
Thanks!
Actually, I tried, but I only have a free subscription right now.
Somebody with a premium subscription go over to the new "Global Warming" board and do a plug for Hemi. I am sure they just luuuuv O&G companies. Make sure you tell them that it is all climate change and not caused by man-made emissions. ;)
http://www.investorshub.com/boards/board.asp?board_id=8040
If you hurry you can get the first post!
Or not. Too late now. :) At least for a while. .15 x .155
So, anything exciting on the schedule for today?
Bid's at $.145, here's your chance to fix the chart. ;)
Oh great, now everyone knows I'm just a lucky idiot. ;)
Long and Strong!
The RSI is lower than it has been in 2 weeks at least, since before Christmas, so give it a rest.