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Certainly held up well today. AmericanBulls has switched this to a buy. I picked up some more today.
Still waiting to see if someone opens the tap again.
Oh, and where is our 'before Christmas' PR? Only one day left and I am guessing it isn't going to happen. :(
Well said!
DD is for investors. Sounds like you're more of a trader, nothing wrong with that.
Holding this one long is an exception for me. I know lots of people who don't even know the names of the stocks they buy, just the ticker and what the chart looks like. Nothing wrong with that, but sometimes you miss out on great investments when you are only trading.
Yeah, I thought about pulling certs on 80% of my shares so that I wouldn't be tempted to get out too early.
This is about a 3 bagger for me right now, but there is no way I am gonna take profits yet. We are currently staying above the 5DMA (mostly) and 10DMA, there is no reason at all to sell yet that I can see.
Couldn't shut you people up last night. Now we have a good day, but they head fake at the last second and everyone disappears.
Oh, and brikk? Thanks a lot for not telling me about DeepDown last month, I really appreciate it.
j/k :P
Dang, if thats true they are shooting themselves in the foot. They are creating their own death spiral.
No wonder they have been complaining about the share price, they were trying to sell shares.
Still there seemed to be some strong support at this level.
Ooops, I guess they dumped early today. I think there are some restricted shares that may have been coming off restriction or something. Either that or company is selling directly. I am not going to make a call either way as I have no clue.
A little bit of selling going on. That really has to be expected and I believe that any profit is a good profit.
But I think the profits are going to be much gooder later. :) I can wait. For each person that is taking profits now, there are two people kicking themselves for not having gotten in earlier and a few more who already took profit who wish they hadn't sold. That is going to be the story all year long.
Just be careful on your timing if you are picking some up. It is usually towards the end of the day when someone opens the tap and dumps up to a million shares.
That's fine. Their loss may be our gain. It could be shorting as the company has had a problem with that, but I don't think that is all of it.
That's good. There are a lot of folks who believe in this long term.
On the other hand 4-5 of the highest volume days ever have been in the last 2 weeks or so, and they have been very negative days. Someone is unloading. Personally, I'm betting it will be over soon, by the end of the year and things will recover greatly by January.
Sure, I am definately going to follow this long term.
I don't have a ton of funds to put into this as I am loaded to the gills with HMGP, but I am definately looking for entry. This is down trending pretty strongly, but it has to find a bottom. There is always a point where things are so cheap that it is ridiculous. I think we are getting pretty close.
I started paying attention when we broke under $.04 and almost got in, but decided to wait. When we hit $.02 last week I got really interested. This seems to be testing that $.02 mark.
However, I watched the Time&Sales all day and there is definately a lot of selling going on. I got a starter position, but I am going to watch carefully to see what happens the next couple of weeks. I am not quite sure where all the shares are coming from, but we know the float has tripled in the past year. When the MMs see that they get vicious. They know there are probably more shares coming in the future so they feel confident in their shorting.
On the other hand the overall O/S only went up by about 25%. That isn't horrible for a company that has been in serious R&D mode.
With the new center opening and the new contract being finalized this should do very well in January. The trick will be to see how well they keep down expenses over the next 6 months to a year as more revenue starts to come online. Still I think there is much more upside potential here than possible downside at this point.
Yes, are you still in HMGP I hope? It is doing very nicely for me. I was lucky to get in near the lows.
Yes, I am quite sure lowman is correct. The recent increase from 33M to 38M was undoubtedly where the shares came from for the lease in question. This deal has probably been in the works for quite some time, since Keith doesn't mention them until after the fact. And they are all on at least a 2 year restriction.
Most likely there were/are number of other leases this is contributing to as well. Sometimes this is so exciting I could pee.
OT: Robin, that has a funny ring to it coming from a Utahn. Lowmanite. LOL.
I'm looking at my scribbled notes. I don't have the full name of the TA. It was something like Standard R(...) & Transfer, 801.571.8844.
They said:
A/S 300M
O/S 223,200,260
R/S 177,555,689
Which leaves the float at around 46M.
I did listen to the interview though, and I think this is a legit company. That doesn't mean it isn't going to get shorted into the ground in the next 6 months.
Still, I picked up a few at $.023 today for good measure.
I have now and the numbers don't match what I got from the TA.
I agree, but so far it seems they have been doing a good job keeping the O/S under control. Hopefully, they will continue to do so, because it is critical to maintaining investors faith in the share price.
Keith seems to be pretty straightforward about what the last increase was for (more leases). I'm sure if that stays true, then we can survive a few more increases for the sake of growth. However, with the revenues currently coming in, hopefully they won't need to anyway.
FYI, the O/S is more like 223M and the float is about 45M. I have the exact numbers on my desk at work and can post them tomorrow. You're numbers are about a year old and considering the O/S has only gone up by like 30% in 15 months the PPS isn't bad.
However, this whole thing about the SEC and stopping shorting is a joke.
There are some interesting numbers at http://www.stockinformationsystems.com/c/HMGP/monthly-numbers.html
You have to sign up to get to the numbers, but it is free. They have some charts showing leased acres, # of wells, and barrels of oil per day. And everything is actually up to date!
Well, I think most of the folks who have known about this stock for a week or longer like us have gotten most of our positions squared away.
New people coming in probably don't know all the DD and upside yet and as with any pink they are being careful. Looking at the chart from their perspective I would being doing just that. Looking, waiting, and accumulating in little amounts.
However, lowman is probably right the MMs can't take this down any more with out losing their shirts. So it may go sideways on low volume all day, maybe even two or three. The volume dropping off is common for a consolidation period like this. When people see this is holding up, they will get in.
I think today and tomorrow are the MMs last chance to try and make a stand. Obviously the chart could go either way, although the volume isn't really typical of a normal retrace.
I for one dare them to try. I've got funds waiting in my cash account for it if they do.
Yeah, it is more of the quotes from the email. He just didn't italicize it this time.
Yes, the MMs usually feed off of these pinks and other little companies using equity financing. The problem is that when a company has fixed expenses they have to meet(ie debt payments), then they have to sell more and more and more shares as the price drops.
They create their own death spiral, with a little help from the MMs. It is why you never hold pinks long term, especially if they have no revenue and need lots of capital to get moving (like Oil&Gas).
They probably thought this was a no brainer, especially with the DTC issue. That is why they are unfraid to create market caps that seem ridiculous, because it is usually followed by a torrent of selling by the company.
The only no brainer here now is holding my shares.
Running share total? Have you got much feedback on your share count or is it too early?
We're holding the 5 day moving average. I don't really have a problem with how it did today.
This is moving up like a real stock, not a pink that is going to fly up one day and come back down the next. Sure it is a little more volatile than a nice tame Big Board stock, but I like the way its moving so far.
As long as we are holding the 5DMA or 10DMA, I'm good.
I ran out of money. :D
Here comes a little run up
FYI, they aren't filling my 100K AON at the ask.
ouch. Oh well. I take it 20 minutes late or second hand for a while longer. :) thanx
Where do you get your realtime L2s? I need to sign up.
Nah, that 400 trade was the tail end of one of my previous buys. It was the last of a partial that took a long time to fill.
Excuse me for buying at the bid, or for being the bid in that case. BOOYAAH.
Nice. I wish I had picked up more at .05. I keep telling myself i have enough, but you can't have enough of something that is moving up.
Yeah, they know someone's got to flip at this point, but I don't think they will get many. Most of the flippers I know got out at $.03-$.04 and are regretting it.
I think this float is tighter than we might have expected.
Goooooo HMGP. Those of you refusing to chase, I respect that.
LOL good luck getting in below $.1.
Sorry, is that harsh? I am just really excited today. I've been telling folks to buy this for over a month.
nm. I read it wrong. Have a good weekend all!
Can someone tell me what the heck is going on with the B/A. It changes 10 times in as many seconds and then settles down for a few minutes. There are more B/A changes flying by on my Time&Sales then there are trades.
This is really really wacky.
That would be nice. I picked up a bunch at .042 during the lull, but I think I need a little bit more. ;)
I think that they just don't have any shares. The B/A on my Time&Sales has more activity than the actual trades.
Of course, I could be wrong. :) $.04 HOD!!!
L2s don't always work that way. Lots of MMs leave after market close so things aren't accurate again until market open.