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So you sold out at .06...lets say you sold 100,000...so that is 6,000 dollars...and then you look to get back in at .05 or higher...
So you take the 6,000 pay your 30% tax which leaves you 4,000 and buy back at .05...which is unlikely, more like .055 or .06...
So you effectively reduced your shares and are paying needless money to the government...sounds like the stupidest strategy that I have ever heard...and...
You aren't that foolish...it is obvious that you don't own any shares and are just here for fun...
Read between the lines...
That crap is for people who don't speak good...nothing is ineffable, just say it.
Anyways...good work people...Core sample results are expected soon, in my opinion...one month turn around, at the fastest?
Really you think it will go down?
Have you ever...in the history of your posting here...said, I think it will go up? Yet this stock has moved from .0004 to .20 cents...
Pick a number above any stock and say it is resistance and you will be right...
The higher high will come in a few days...but first you get a higher low...
Rock
.053 was the perfect bounce area...creating our first higher low in a looooooooooooooooong time!
Rock
The funny part is that is would have taken you the same amount of time to send an email or make a phone call as it did to ask the board if anyone contacted IR...that's the funny part...
No offense...just thought it was funny...
Rock
Did anybody contact IR?!?!? lol...
Now multiple that by ten or a hundred on high volume stocks...and you get the idea...
As the market moves up...the MM is obligated to sell shares to someone who wants them...and if they have no inventory, which is often the case, they short them...as the market pushes it higher...they short more and more and more...
Then when the price gets over bought, they again...short it down to a level below their average and then they collect a lot of money!
This is why people are getting the borrow first law instated through Senator Kaufman...
Rock
Scottrade who is claimed to be a fronter for Knight Securities is leaving the penny business not because it is not a money maker, but because their actions have gone too far...
That sounds exactly right...
A nice news piece would help a lot, eh!
I don't hate them, they create the opportunities for educated investors to prosper.
Like Buffet says, "The stock market is simply the transfer of wealth from the impatient to the patient." Without the pikers, we wouldn't be able create long term wealth for our families...
I don't hate them, I welcome them...
Rock
Tell me of a board where that statement doesn't ring true...but the traders will get worked on the this stock and the longs will win.
For most fly-by-night stocks, the trader wins...but when it comes to real companies, like SRSR, the investor wins as the company works hard on building the business, instead of working hard on selling shares.
Rock
Yep...that's why I said it. Nite has been convicted and has plead guilty to manipulating markets in the past.
Educate yourself and you won't be so ignorant...I know I am ignorant on many subjects, but I don't go shooting my pie hole off in areas that I have no clue about. Sound familiar...
Iggy for you...as you are obviously not worth my time when it comes to investing.
Rock
Nite is biggest scam on the block, since Madoff got caught...
Wonder if we will get news tomorrow? Hmmmmmm?!?!?!?
It is crazy how badly Nite is blocking on the ask...
News coming...?!!??!
Great job on the sell target...oops?!?!?
I disagree...Nite has no need to hold this hostage...when the pressure comes in, it will move...
But I do hate it when they are top bid and ask...
You are a smart man...or woman!?!?!?! lol...now for an assault on the upper bollie...at .20+!!!!!
That .13 makes the chart look great and ready to move up....
Both...but they are great indicators for a significant move in a stock...watch for the PPO and the ADX to pinch which creates a rather large pent up energy to the upside...
For the trend reversals, I like to see a significant move creating a V bottom and then have it open up into a more sustainable advance...
There are some good pincher explanations boards on IHUB...if you are interested...
Rock
I hear you there...this is a 3 to 5 year hold for me...
This is Scott's portion of the Keevil legacy, and he is going to take this one in a universe deposit and build a worldwide company.
See you guys on the NYSE...
Rock
Yep...popped to 9 then down, then popped to 20 (A double) then down again...anyone thinking another double coming up?!??!
I am...
Rock
And with over 500 boardmarks...the eyes that missed today's action are going to be foaming at the mouth come 6:30 am Monday morning...
Rock
No news...with a strong move on strong volume...hmmmmmmmmm
I have noticed that when nite locks in on the bid and ask, shares get gargled back and forth and it gets manipulated downwards...
I have AGT earnings out today...but can't find them. Anyone else see them kicking around?
Rock
I am baaaaaaaaaaaaaaaaaaaaaaaaack!!! It's a good thing I have SG on iggy, or I might be going away again!
IWEB looks good, and I can't believe the caliber of news that is coming out. Some big names and definite quality jobs being sent our way...Olympics, World Events...class act kind of stuff.
Anyways, take care and see you in the pit tomorrow!
Rock
This stuff makes me laugh...so they didn't want to cause panic buying...so they waited even longer to tell people about a bad situation, which will CAUSE PANIC BUYING!!!
Ummm...let's see, the patient is dying, but we don't want to treat him because he might worry about dying....oops, too late, he is dead.
Rock
Dont know any ETF's...but the /DX is the future...
In my experience...the DOW and SPX are the last in the link...it is the Transports, the Russell, the Nasdaq (which has actually been the leader in the drop and recovery, and then the SPX and the DOW...
But don't forget the dollar too...which is arguably the ultimate indicator in this whole system...
Rock
prnewswire
Tengasco Announces Third Quarter 2009 Financial Results
KNOXVILLE, Tenn., Nov. 9 /PRNewswire-FirstCall/ -- Tengasco, Inc. (NYSE Amex: TGC) announced today its financial results for the quarter ended September 30, 2009. The Company realized net loss attributable to common shareholders of $(0.4 million) or $(0.01) per share of common stock during the third quarter of 2009, compared to a net income in the third quarter of 2008 to common shareholders of $1.6 million or $0.03 per share of common stock.
Related Quotes
Symbol Price Change
TGC 0.51 0.00
Chart for TENGASCO INC
{"s" : "tgc","k" : "c10,l10,p20,t10","o" : "","j" : ""}
The Company recognized $2.6 million in revenues during the third quarter of 2009 compared to $5.1 million in the third quarter of 2008. The decrease in revenues was due to a sharp decrease in oil prices in 2009. Oil prices in the third quarter of 2009 averaged $60.96 per barrel compared to $110.85 per barrel in the third quarter of 2008. The Company recorded a non-cash unrealized hedging loss of $(0.6) million in the third quarter of 2009. The Company had recorded non-cash income tax expense of $0.8 million for the third quarter 2008 net income.
The Company recognized $6.8 million in revenues during the first nine months of 2009 compared to $13.0 million in the first nine months of 2008. The decrease in revenues was due to a decrease in oil prices in 2009. Oil prices in the first nine months of 2009 averaged $49.74 per barrel compared to $106.53 per barrel in the first nine months of 2008. The Company realized a net loss attributable to common shareholders of $(0.9 million) or $(0.02) per share of common stock during the first nine months of 2009, compared to a net income in the first nine months of 2008 to common shareholders of $8.8 million or $0.15 per share of common stock. Approximately $3.4 million [38%] of this income was attributable to the net effects of recognizing the Company's deferred tax assets in 2008. The Company recorded the remaining net operating loss carry forwards of $5.2 million in the first nine months of 2008 and recorded non-cash income tax expense of $1.8 million for the first nine months net income.
Jeffrey R. Bailey, CEO, said, "We have had modest operating income in the third quarter having seen a recovery in oil prices to about $60 per barrel in the third quarter from about $34 in January 2009. We plan to continue to rebuild revenues through the drill bit and workovers from our own cash flow while the oil price recovery continues. We believe the Company has weathered the storm of lower prices better than many other micro-cap oil and gas companies that have faced leverage issues and capital shortfalls. We expect to use the current higher prices to fund workovers and drill one more well late in the fourth quarter. Despite the lower oil prices than last year's levels, we have increased our gross oil sales in Kansas during the first nine months of 2009 to 175,948 barrels compared to 165,782 barrels during for the same period in 2008."
Forward-looking statements made in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risk and uncertainties which may cause actual results to differ from anticipated results, including risks associated with the timing and development of the Company's reserves and projects as well as risks of downturns in economic conditions generally, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
The DOW is the tail...need to watch the dog and the Dow is a breeze.
Transports strong...I think this bounce will morph into a long Santa Claus rally...
Interesting!
Are they ever going to stop selling f@#$%!@#$!@#$ing shares!?!?!
Rocknrolla wants to open up a can of whoop-ass!
Actually you couldn't...you have to allow for taxes...
AGT looking very nice! Too bad gold wasn't making a move too, eh?!?!?!
Rock
Rocknrolla likes that kind of math!
Rock
BQI getting ready to rocknroll!
Transports will pull the other indices up...and it is rally time again...
I think we will rally into the new year, and then pull back in January...
Well...think or hope...either or, but lets go with think...
Rock
You would think that the senate would want to make an example out of someone. Does anyone mind if that example is made out of Knight Securities?!?!
Rock