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Pretty big gap there now...
It all depends...it could be .0001, .01, .03 etc.
It doesn't really matter at this point. I have faith that this is the real deal, so I'm staying in for the long haul. I believe in a year you will be very happy with what you have. If you believe in this company you shouldn't even look at the stock price for another month or so, hard as that may sound. It will take the stress out of it for you.
Since you bought at .004 it wouldn't make sense for you to sell at a loss at this point. You may as well wait until you can at least break even. If you're looking for a quick buck you can try those penny stock newsletters, but with those you have to be fast and have a decent amount of money to play with in order to make anything. Those can be really risky as well.
Bottom line...IMO ZLUS is the real deal and if you stay you'll be very happy. This is all just my opinion of course.
If they're a little late with the full update that's ok with me...as long as we get one before too long. It was nice to see that they at least came through with something for us. I expect the full update will be a complete one regarding past businesses, and there may even be some nice surprises as well!
I am waiting as well - the next update will tell all. I like to have as much info as I can to digest in the meantime. Let's hope for good news and a great year!
patchman - I rarely agree with you but respect your opinion.
Let's say for the sake of argument that the management takes care of all of the outstanding filing issues and ties up all of the other loose ends. Do you feel that this company would be a good investment at that point? Or are there other issues that concern you as well?
I would just like to know if your concerns are only the filing issues that the company says they are in the process of rectifying, or if they go beyond that. If there are other concerns, please elaborate to help all of us understand. I would like to have all of the information possible to be able to digest and make my decisions.
Thanks in advance.
Me too - in fact I'm adding more as we speak!
Looks really promising!!!
Does anyone know who owns the rights on the producing well? Maybe we will at some point... ;)
I know it's hard to say, but with the two pay zones we have with our well is it possible we produce even more than 60 BPD?
I agree - I can't see the negatives here at all. I know I've heard some from a couple of posters, but mostly everything has been positive.
What's not to like about ZLUS? Drilled a hole, found some oil, many more wells in the works...can't go wrong here IMO! I feel very lucky I got in where I did.
I don't believe that's going to happen, though. I feel pretty good about this company at this point.
Good advice Prince - I'll keep an eye out for that. If they would stoop to paying somebody to pump their stock I'm pretty sure I'd be right behind you.
Steady PPS this week would actually be a good thing in my mind...that way we can get more at these levels! I doubt these prices will be around much longer.
I also look at a stock reads site (you can find that by searching those two words if you don't already know about it), and I like the fact that ZLUS doesn't get pumped in there all the time by all of those newsletters. Maybe at some point it will, but the more I see stocks in there the more I think that most of them aren't legit. This doesn't appear to be one of those daytrader stocks, so being long makes me feel better. I'd like to hear other thoughts on that if anybody would like to respond.
I love the DD here and look forward to a great year with ZLUS!
JMO
Thank you stervc and scar69 for your infomative posts.
It's obvious that CoreStream has a good plan in place as you stated. In my mind I believe that they have several more areas here that have already been pinpointed for drilling...they knew to drill here, so I believe they would also know where the other prime areas are already. I would think that any geological studies they've done have encompassed more that just this one little spot on this lease.
My thoughts are that we'll start hearing about more holes in this area sooner rather than later. That is my hope at least.
I am no expert on any of this - this is just my opinion. I'm in for the long haul on this one.
Let's all hope for a PR tomorrow with more good news!!
I agree. Patience will be rewarded here.
What will be interesting to see is how many people get out when this thing does hit .02 or .03 - I think that would be a big mistake.
JMO
We get that.
Not everything is always as it seems, and not everything comes out smelling like roses. Nobody can really know what's going to happen. That's why investing in speculative stocks is so risky. I'm willing to take the risk on this one with the research I've done - it's a done deal for me now, and there's no turning back at this point. I'm in with both feet. If I go down here at least I'll know I had the stones to take that risk.
What I can't understand is why anyone who doesn't believe in this stock would really care and take the time to post on this board. Maybe since I'm fairly new to these boards I just don't get it. There's only one reason I can think of...and those that are in this way should cover now and lick their wounds - before it gets much higher and the losses are greater.
JMO
ditto that
OMG. That is terrific documentation. I'll get to digging now - thank you mikek83!!
Hi Everyone -
This is my first post on this board. I've been in and out of a couple of other stocks and they just haven't panned out like I'd hoped. I haven't lost too much, but enough to make me wonder what the heck I'm doing. I'm learning a lot about trading in general though, and that's been really helpful.
I've learned a little about charts and about the "pump and dump" stocks, but I'm looking for something that I can hold for awhile and make a little money. I don't mind letting it sit awhile - that way I'm not stressing over it every minute of every day... ;)
I stumbled across this board tonight and I started looking at the chart...all I can say is WOW! This company really looks good. Looks like they're getting their ducks in a row and have their real business churning now.
I just had a couple of questions for anybody who wants to respond:
Are the chances good that they'll strike with their current drilling? Are they drilling in a good spot, and can they put up more wells in the same area? Just wondering what the future looks like here.
I apologize that I don't know a lot about the company yet. I wish I had some more time to really dig in, but I want to try and get in now before it really takes off if this is for real.
Thanks all.
Nobody's been touching this one for awhile...although volume is slightly up today based on earlier trading. Good sign or bad?
Sorry they did that to you - that seems really wrong to me. They can manipulate, and then when they get caught with their pants down they just try to cover themselves with whatever unethical method they can. Two wrongs by ST don't make a right IMO. I'm sure they didn't have any problems taking their commissions when you were buying the stock, either.
I was shocked at your previous post referring to ST liquidating the accounts of large GBOED shareholders...obviously they're really trying to at least soften the blow a little for themselves if that's the case. Was that done to you or did you hear that from someone? Just curious on where the info came from. To me that indicates that they're definitely in some big trouble here. I didn't know it was even legal for them to do such a thing.
How long before the squeeze starts? And does anyone have a reasonable estimate of how high this thing could go? Or will this happen at all?
I'm new to this stock, and pretty new to trading in general. Thanks to a friend I was lucky enough to get in at about half of what the stock is worth now. I had the mouse pointed at sell (with a shaking hand) when it got over $1 that same day, but I like the company and my plan turned to holding for better future returns.
My other question is this: If this thing takes off with a big squeeze maybe we should sell high and then get back in when it drops. I would feel somewhat guilty for doing this, but we could teach a lesson to those who manipulate and that would make me feel a little better about it. Like I said, I want to be in the company, but don't want to miss something big either when I could make some money and then get back in later.
Thoughts on my questions?
Thanks all.
Thanks Yoda - great info! I'll have to read that about 5 more times to fully absorb it, but I'll give those a shot!
Buying tomorrow :)
Just need to know what size blocks to buy at this point. I could try buying 200K shares at once, or I could split things up a bit. I have a bunch of free trades so it doesn't really matter to me. I only have 3 positions right now, so it's not like I can use up 500 free trades by the time they expire... :)
Hope to hear from Yoda about what I need to do here.
Thanks!
I've been watching this board for awhile and finally decided to register a free account. My first post was more of a "I'm really excited to be here" thing...this will be a lot more calm and boring. Thanks to all who have posted their DD here. I'm pretty new to trading in general, so this has helped me get some info and learn how to do my own DD and come to my own conclusions. After my own research I can say that I'm in agreement with most of the posters on this board...I believe this company has a bright future and the stock price has nowhere to go but up.
I bought this stock at .39 (a friend called me and told me to get in quick - needless to say I was scrambling and spilling Mountain Dew on myself while trying) when things started happening. I didn't have a clue on what was going on, but I did it since he's my best friend and I trust him with my life. I was REALLY tempted to sell when it got over $1 that day, but I still have every share.
After first learning of the reason for all of the excitement, I can say I was somewhat skeptical and concerned about what would happen (will there be dilution, will ST have to cover the phantom shares, will I lose my money, etc.) I didn't really understand the whole mess. But after doing as much research as I could and learning what I could I decided that I'd stay in this because I believe in the company. The potential for a short squeeze based on all of the supposed naked shares is just an added bonus for me.
I'm going to get another 2K shares tomorrow at the ask as a show of commitment to this company. I think I'll then set all of my shares to sell at a $10 limit, which I believe will tie them up and not allow them to be shorted (correct me if I'm wrong on that). I've pretty much decided that I hate all of that type of manipulation of a stock, so I don't want to have my shares involved if I can help it.
Hopefully everyone will hang on long here. I think great rewards await those who are patient. I apologize for my rambling, but I just wanted to get my thoughts out on this. Besides, I think I only get 3 posts per day so I have to make the most of them, right? :)
Thanks again to all who I've learned from on this board. I promise I won't post anymore...I think I've probably worn out my welcome with this ramble.
Thanks for all of the great posts and great DD on this one, Yoda. You are a credit to this site.
Just so I understand correctly...it's best to buy in increments under 25K to "trick" the bot, is that correct? I'm in right now at 250K shares, and I want to add more to my position but don't know the best way I should do it. I hate all the manipulation going on with this thing.
I'm pretty new to this, and I have a bunch of free trades left, so I really don't care what it takes to get to the number I want to buy.
I'm planning to b1tch-slap the ask tomorrow as well for another 2,000 shares...yeah baby! Let's move this train!