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I worked at a company that was traded public on the NASD. The stock was sitting at 7 5/8. One day, at work, the board members were having a meeting in the "big room" when the president flew out of the meeting and slammed the door. Everyone on the floor heard it. 30 minutes later, the stock was down to 3 3/8. As it turned out, the president, the single largest share holder, was ganged up on somehow during the meeting. When he flew out of the room to his office, he called his broker and order him to dump every single share he owned on the open market as a form of revenge. It turns out his shares were made available to trade to the public a few days before that. The good news was that the stock recovered shortly thereafter but you should of seen the calls that came in. The bad news was that the president was out of work.
As of 3:30pm, trading shows approx 600M buys to 300M sells for the day.
Grabbed another boat load and a few truck loads at .0006 If I recall correctly, the last time we saw this was right before the last big PR when it rocketed up. I'm thinking they landed another big contract and using some shares to shore it up. I'm all strapped in and ready for the massive upswing from here.
Don't let those prints at .001 fool you into thinking these are sells. I just pick up another boat load on the bid.
Buying pressure mounting. Looking to finish green today. We are at the pivot point. Reversal coming. Heading up from here.
Buys at .0015 piling up big time.
At the bottom? ROFL
I think so, too. ALL BUYS now going on for nearly 2 hours and no ut.
What are you, my evil twin brother?
I'm picking up more UPDV.
Universal Property Development and Acquisition Corporation (UPDV) purchased 52% of HTOG's capital stock in April 2007. UPDV increased its ownership interest to 87% the following September.
UPDV will be discovered. We all know that UPDV owns 87% of HTOG, which is just one of many holdings.
Here are the filed documents for those two new wells that will be spudded on 08/11
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_H/threadview?m=tm&bn=76843&tid=7072&mid=7072&tof=4&frt=2
Relax... They will come when time is right. In the mean time, enjoy the fact that we keep bouncing here off the bottom. I for one keep loading every chance I get when she dips below .005, which will be a distant cry when the masses show up.
HOLY COW! Listening to that CC is absolutely fantastic news! How in the world can anyone be disappointed with what Gene had to say. I heard nothing but super fantastic stuff.
Looking back to what I saw going on with all the negative postings and the sell off has to contrived. MAN OH MAN.... I'm going to back up the truck and load more.
You rock, Gene!
Sound bites:
Currently doing SERIOUS COAL VOLUME!
Stronger position now than ever been in the past
Have retained major oil investors
Future payments will be honored
2 weeks for 2nd full time crew
1500-2500 tons/day
Already over exceeded expected growth
Creditors are at ease about payments now
Profitable by the 3rd quarter
Within 1 year able to acquire other mining companies
Bigger oil investors waiting to come on board
Looking to acquire wash company
Present time have the means to grow the company
Many other sources want to invest
EXACTLY! Issuing shares to buy equipment initially is a wash. If Eugene spends 100 shares to get something for the company worth at least the same amount, the value of the company does not change one iota. But, the BIG difference is that now he can use the equipment to be more productive and being more productive means making more money. So, that 100 share investment starts generating more $$$ for the company. Next thing you know, the company's profit margin has been raised.
Come on, people... this is Growing A Business 101. Too bad a lot of people hit the panic button. They just don't understand that this is a GOOD SIGN of GOOD THINGS to come.
Are you kidding? This is the Bullish Three Line Strike.
The first three days serve as a fairly clear bullish move. Up to day-three in fact we have a Three White Shoulders formation and a strong bullish signal. One day of sell-offs that only goes down to the open price of the patterns start is considered to be more a sign that longs are covering their positions than any true sign of a reversal. Thus traders will watch for long entry opportunities to come. Then, it's back up from there and much higher.
Are you kidding? There's no reason to sell. If you listen to all of the negative people and sell, then I have a bridge I can sell you.
DIVIDENDS! WOOOOOOO HOOOOOOOOOOOO!
Nearly 2:1 buys vs sells on Tuesday and very very little movement up. Boy boy is this thing getting wound tight. Just wait for when they let it go.
Great post, born2sweat! You ROCK!
I saw that and doubled down..... again. WOOOO HOOOOO
Check the charts! The hammer was put in today to stake the bottom. The price now sits below the 50 MA and the STO is below 20. BOY OH BOY! This is major league bullish!
Stick that in your eye, negative minded people. We're going up and the huge PRs are on their way. Get ready for the start of a very happy ride.
Oh... and btw, the train doesn't have any cheap seats left. Coal powered and ready to burn up the countryside.
WOO HOO! We've hit the ladder bottom today. Look at the chart!. The last time UPDV hit a ladder bottom was the day before it's run from .003 to .0098. Only this time around we've got some really huge news coming that will ignite the rocket fule. Boy oh boy... I won't be getting much sleep tonight! CCCHHHHAAAAA-CCHINNGGGGGGGGGGGGGGG
They do this for the same reason people murder, rape, and cheat. It's a form of mental sickness. These people want the company to fail and if they can get enough people of panic and force the price of the stock to tumble for no good reason, then those that were the real cause of the panic gain a false sense of superiority.
So far, in less than one week, we have these people taking a great CC and turning it into the wrong message. Then, they take a LEGAL SEC document that only talks about future growth of the company and make it sound like it's some secret plan of attack and rob the shareholders.
What's next? Round 3... ding ding ding.... The witch hunt.
Repeat things so much that they even believe these fictious lies after a while. Watch out. There're ready to hang anyone and everyone that steps in their way.
So, what to do? Focus on the stock and the fundamentals. We bought in to the stock because of what the company is doing and what the future will bring. Forget the negative people. They have a totally different agenda in mind.
Don't let me convince you of what is right and what is wrong. You all know this. But, what I will say is, history has many stories we're all familiar with. Some that come to mind are: Chicken Little, Little Boy That Cried Wolf, and The Emporer's Clothes.
Sitting here watching some really big blocks on the ask being goggled up today. We're getting close to SHOW TIME.
Picked up some more cheapies.
This drop is nothing but panic created out of thin air. If there were dilution going on, you would be able to see it with your own eyes. You would see huge prints on the tape. Guess what? We aren't seeing that. None. Zippo. Nada.
Like I said last night, adding A/S doesn't mean squat until they go into the float and we are not seeing that at all. And even then, if the float does increase, when that comes with big news like an acquisition of another excation company on the cheap so the can start pulling coal out of second mine, then the share price will go actually up as there will be more money to be made.
Those of you that sold out, IMO, you'll be kicking yourself later.
Flippers all out? We're heading up. LOL
Yo, Dave.... thanks for the info... even though I don't know what you said. Are you drunk? lol
That's it exactly. As I stated, WE need this in order to grow. In otherwords, you have to crack some eggs to make an omlette.
In plain english, it takes money to make money. Quest cannot expand it's operations with out having something that the other party finding attractive. Just like us that bought this stock. We bought it because we are willing to give Eugene our cash in order for him to expand the business. Well, he's willing to give others some stock in order to expand the operations of that business. And we all know what happens when you expand a business's operations, right? The revenue streams multiplies. And in the end, we all get rewarded for sharing the commonwealth of each other.
It's elementary economics 101, folks. Capitalism!
You missed the entire point of the CC. The CC was to give all us an update on the production. That's exactly what he did. I was very happy with the CC. Let me ask you this...
How much times does the CEO of your company spend talking to you about what his plans are with the company? I bet it's never or close to never. And when he does, what does he have to say? Does he start talking about what are the stratgic plans with the stock? Does the CEO of your company take the time to tell you about the internal business workings of your company? When is it that you learn what is going on?
Eugene has a lot on his plate and he did us all a favor by taking time out of his hectic schedule to let us know the "HIGHLIGHTS" of the present day operations. Isn't that really what we wanted to know?
Anyone studying the candles? All indications are that we are on the verge of a classical known signal called the "Bullish Breakawy". Couple that with the fact that at the end of last week we saw the "Golden Cross" and today we broke out higher of the "Wedge". I for one am very exciting what we have going on here. Posted below explains the current event we have on the Quest chart.
The BULLISH Breakaway
=====================
• The first day is a long red day continuing an established down trend.
• The second, third and forth days all continue in the same direction with lower closes, but more weakly than the first bearish push.
• The fifth day is a long blue day that closes into the body of the first or second days.
The first few candles suggest the strength of the trend has accelerated significantly. By the third and forth days, weaker moves down suggest the move has started to slow.
In fact the first three to four days matches the bullish Three Stars in the South formation. The Three Stars in the South Pattern is not normally a strong reversal pattern and traders usually wait for additional confirmation the next day.
The last candle of the Bullish Breakaway offers exactly that confirmation. After the few days of deteriorating bearish trend, a clear bullish candle emerges to reorient the market's direction. Markets typically want to see the bullish candle that moves at least above the previous two or three day's body for ideal confirmation.
Number of Middle Candles Ideally we'd see four red candles before the large bullish move, but realistically there could be two, three or even five candles that communicate the same information of weakening bearish trend. Thus traders look for four candles when identifying this formation, but similar formations will be accepted.
Candlestick analysts in markets typically require Breakaways to have gaps after the first big bearish move on day-one. Variations in gaps suggest changing strength of Breakaways.
Boy oh boy. What a bunch of whinerrs we have here. Do the words Chicken Little mean anything to anyone?
What are we really looking at? The company is in full production. We have solid news that the mine has been rehabbed back to a status that is yielding tons of coal daily. Fundamentally, this is strong and only going to get stronger.
Next, we have additionally mines that will also have to be brought online. Does anyone have any idea how much this equipment will run to make that happen? Will the shares be used for this? Do the words acquistion mean anything to you? Would you all be upset if Quest bought out another excavation company on the cheap for the cost of a few measly shares?
My thoughts are that this is only for the better of the company. Most likely some panic stricken traders will sell out because they do not understand the purpose of trading. Will this make the share price go in the crapper? Not at all. You see, the shares have to be introduced into the float for that to happen and there is no mention that the float is increasing.
All this goes to show is that, given a chance, some people will let their emotions rule their choices while smart people have control over their own thoughts.
Think of it like this... where in these filings does it state that there is going to be shares sold into the public? It doesn't. What does it say what these shares will be used for? It says these shares are for the betterment of the company and that translates into a company that will be in a stronger position to make stronger choices such as expansion and growth.
In other words, if the shares are used to acquire something else of equal or much greater value, does the value of the company go down, remain the same, or increase. Of course, the answer is this increases the value of the company. So, if the value of the company increases, so does the value of the shares. So, the story goes, we have the same company today as we had yesterday but now in a position to INCREASE it's health, value, and position in the market place.
Geez, people... take a chill pill.
This was a very very huge day. We've set a new higher low as we broke out of the wedge. We are now at our new bottom and about to retest the low to mid .02s. Technicals showed the golden cross at the end of last week and sure enough, we did a break out. This is going well, IMO.
That's a HUGE 2.5M buy at .0192 Something big is coming!
It doesn't. The biggest consumer of coal is China used in their steel mills and China is so short on coal that they are currently in contract negotiations with several companies for as much as 4x the current spot rate.
Coal prices steady at $140.00, a 19% gain for the last month. Here's the latest:
http://www.eia.doe.gov/cneaf/coal/page/coalnews/coalmar.html