small cap value plays,promotion plays and temporary market imbalances
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Hahaha- he had alot of stockholders that werent refreshingly cool this morning.
I didnt know that when you zoom in you can also hear Mr. Wang laughing on his laptop buying up FCPG stock at this price level with a sneaky mad scientist laugh.
For anyone that may not have level 2- 4 people bidding 2 cents- 1-person asking .021 - after that 3 cents. gentelman last call!
you never know what will happen- but over the last 3 months there has been alot of accumulation of this stock at a much higher price- around 1.75- 2.00 range- there were also alot of shares sold in December over $3.00- so most people are in the red on this stock so with the last few days price dropping off the cliff- my guess is it will find a better range over the next 2 weeks- 1.20-1.40. I( *think we may have just seen the bottom twenty minutes ago*) - people that cant gut these types of things out probably sold at that point- just my opinion.
with the stock at 1.00- the bottom doesnt concern me too much it has support around 90 cents - 1.00 range and the stock was recently trading at $2.00- it appears to have alot more upside than downside especially with the companies recent guidance given and expectations of strong growth.
the price appears to have stabilized- as they execute there business plan the price should continue to go higher -I love that there are lots of catalyst ahead on this stock- acquisitions that were in late stage due dilligence will probably continue to hit the wire over the next few months- otc listing most likely within 3 months...oil going higher in the summer, they made mention of just 1 of there deals a 500 BPD oil operation which is pretty significant for a company with a market cap only around 25 million-Blue horeshoe loves Anacot steel & PGI Energy.
@ 1.50 this stock is trading below or close to below its current cash value? earnings reported at end of March- looks like a steal at this price???
If the person at .027 wasnt there maybe we would be at .03 or .035 today because its been almost all buys on this stock lately- the violent sell offs that occured after the stock split & new symbol appear to be over- with the next news release this stock might actually hold some of it gains and start marching higher!
Oh I know- lol You liked the stock back in February- are you buying shares now averaging in at a lower price?
Thank you for the explanation rickkei
Toby Keith? Nope- I Just think the stock will level back off at 1.25-1.35 range. its down 30% in 2 days with no bad news.
The window of opportunity to buy this stock under $1.20 probably wont be around much longer.
re: website - keep in mind this is a microcap investing in distressed oil fields- Im not looking for pictures of there engineers they hired to survey there properties wearing suits- just the basics- If you want more information you can call the company and the beautiful thing is they usually answer the phone.
As for the PR's - Ive dealt with several companies that say we have an update coming out or further news to be expected- If they tell you specifics like here is our 3rd quarter earnings-well thats not allowed but communication to shareholders that news updates are to be expected is pretty common.
Haha! I think we are! Gandy could be the next T Boone Pickens
they said they only by aquire proven production- there Callahan county field - said in the news release that it has 30 producing wells- but I agree they must be buying places that are shut down or under distress because why would places be selling producing oil wells with oil over $100 a barrell? maybe there are alot of places still shut down from 2008-2009 ready to have production brought back online because of the banking mess. the big players in the oil game probably dont have time for 300-500 Bpd operations although they can be profitable for a microcap like this.
Greed is good~ Gordon Gekko.
Im not sure about that? It might slide back down a little bit but with the right news releases about projections on revenues or another acquisition and this window of opportunity might be gone and the stock moves up to a solid 5 or 6 cents....as opposed to 1 hour there and back down.
Im assuming everyone received there shares already- press release on 3/1/11 said to allow 5 days from today- its 3/8/11. some of the selloff over the past week was probably people waiting for shares for a long time dumping them into the market- stock looks to be gaining traction.
now lots of good catalyst to move this stock going forward- a PR with revenue projections- more acquisitions announced- OTC uplisting.
almost a million shares traded in the first few hours today. does anyone know why? is there a newsletter or someone bringing in this volume?
that would be a great update!!
Everybody has opinions on this stock and thats how every stock works- there is someone on the selling & buying side of every transaction. Again my opinion is based on equity commitments given to the company & Mr. Gandy picks up the phone when you call and takes time to explain the company and its business plan. If I were a CEO or held a management position of a company that was a scam and I wanted to just unload shares I probably wouldnt talk to people for 30 minutes about the companies future plans- I would call like 10 stock promoters and fly this thing up to 25 cents. Now again I wasnt in the room while they talked to the banks & I wasnt on the ground analyzing there latest acquisitions-so I dont know for sure- hope Im right... I usually am but not always. I think its time for me to just read everybody elses post. I'll look smart for buying when nobody wanted or really dumb. Good luck to team PGI.
your right- all true. every company even ones listed on larger exchanges are responsible for keeping shareholders informed and we have to take them at there word for projections, numbers etc... sometimes there are lawsuits and deception with them too. there might not be 200 million in stand by equity?? news releases and business plan sound great- but your right you never know thats for sure! thats why this company trades at 2 cents- it could be 1 cent next month or it could be worth 15 cents?
the attorney hired by PGI and working on uplisting has accomplished uplistings to the OTC on average within 45-60 days for most companies- that will add alot of credibility for PGI. if the company was content being a pink sheet listing that would have me worried. And I dont think banks give 200 million in stand by equity committements....especially in this economy to just anyone. So following the smart money "the banks" it looks like they have confidence in this companies business plan- small garbage pinks cant get loans or lines of credit for 500,000 alot of the time- management has 75-80% of restricted stock-also a very positive sign- they want to make money with us! GLTA!
agreed- I definetely wouldnt expect anything negative but to hear that there in late stage due dilligence on more acquitions, he is taking action to grow companies awareness- which will increase buyers of the stock. dont forget his team is new on this case and seem to be making alot of good moves so far- so pink sheet status might only be here for another month or two- I would rather invest in a beaten up undervalued company on the verge of big things than an overvalued company everybody loves about to sink. He also mentioned that we needed to clear thru some old shares of people that held the holding company for a long time that wasnt woth anything- just my opinion I think the company should be ready to make a strong run higher over the next 3 -12 months
Spoke to Mr Gandy and asked him about the overall picture and expressed concern about current price levels of the stock- he indicated that there will be lots of updates going forward for the company- they are working on a number of positive things including increasing the companies awareness on the stock...... who knows- could be promotion- road shows?? He also mentioned the company is in the process of agressively seeking acquitions and is in process of late stage due dilligence on a few- so with news-otc status- and awareness on there stock growing I guess I'll just have to exercise some patience and wait for this to turn around- it could make for a big pay day- because at there current market cap- with 200 million in equity available the bleeding cant be much worse for a company with so many positive things completed in such a short period of time.
on there website www.pgienergy.us there is a very impressive list of acquisition targets & projects- potential revenue & earnings from these acquisitions could make this company a major player down the road.
agreed
with equity commitments amd joint venture agreements in the future this company has the ability to be on the profit side of 2500-5000 barrels of oil production per day. with oil at $100.00 per barrel - minus expenses- any educated estimates on revenue/profits???
Friday is always a sell off day- those selling now will probably be sick to there stomach that they did within the next few weeks. Im using this opportunity to accumulate a few more shares because I really dont think this stock will be available at these levels for long.
Thanks composed- your right- 200 million. and it still seems there are alot of people with shaky hands out there with this stock trading around 3 cents only- seems like a good educated gamble to me. alot penny stocks cant get 500,000 in equity- this stock is invested in by a fund with the owners holding a majority of restricted shares.
I know - agreed. Im thinking a call to investor relations- they might be able to provide a window on next news release. but if the stock continues to hold strong on a friday- with most of the shares being sold on the ask side- it could run strong early next week.
almost all pennies are speculative in nature. This company is an early stage company with significant potential- not many penny stocks at 3 cents have a 100 million dollar standby equity commitment. in just a short period of time they have already worked on the closing of 2 partnerships & a listing on the OTC for transparency- at these price levels its hard to find a stock with this much potential. and it appears they are going to continue to add value. this stock was being purchased just 3 weeks ago @ 18 cents- thats figuring split pricing. now at 3 cents I'll take this bet!
Friday is always a sell off day. but with 154,000 shares sold on a Friday just a few hours into the day with the stock hitting 1.12 intraday- not bad! the stock needs a little more support on the bid side but it looks cleared for take off if news comes in on there drilling- 1.25+ could arrive easily.
looks like we just churned thru most of those cheap shares from yesterday & alot of the daytraders who bought yesterdays dip are probably long gone- and with the OTC listing & further Press releases in the near term this stock could be trading at 7-10 cents in the next 2 months.
Im loading up at this level- stock trading around 50- cents- and has around 15-20 cents earnings per share annually- a true steal at this price level "in my opinion". Conference coming up should help with this stocks awareness & liquidity that its currently lacking.
short term hands appear to be out- this stock could make a nice run on news in the month of March
In my opinion great time to load up before several milestones are reached. currently trading at 92 cents- I think 1.50+ in 6-9 months on speculation alone!
I agree the price will stabilize at a little higher level. very rarely does a stock have a loss of 46% then 29% and then follow that up with another double digit loss again- so Im feeling very comfortable since Ive seen this enough times- They always say be a buyer when the market is looking for a buyer and be a seller when the market is looking for sellers- the market is definetly looking for buyers right now on this stock- that probably means the time is good to load up- thats what Im doing. good luck to all!
I'm actually loving this money making opportunities like this dont come around that often- down 46% yesterday & down 30% today- 5 cents is a double from here!!! this stock was just over 10 cents- 400% from here- I just loaded up- got a million shares- as my friend Borat would say- Great success!!!
my opinion-I like this for a trade set up- stock currently down 45% almost everybody who owns the stock is in the red with a stock that really moves higher on any piece of good news with very little resistance- at .037 moving up 50-75% within the next week could easily happen. more upward pressure-than down- the market just had to absorb all the peop;e who just received there shares and felt handcuffed that they couldnt sell them for the last week.