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Chart guy nailed it. Watch this video from ihub.
http://ih.advfn.com/videos/stock-chart/ooag-technical-chart-6-2-2010_UcbFPBpwBrM
OOAG Summary 6-4
6-4 open .047 end .051 +8.51% someone was right at .015 per week
6-3 open .057 end .047 -17.54% pull back
6-2 open .0441 end .057 +29.25% high of the day .0698
6-1 open .030 end .0441 +47%
5-28 open .030 end .030 flat - small dip in morning
5-27 open .048 end .030 -37.50% real pull back day 20 mil volume
5-26 open .034.5end .048 +41%
5-25 open .018 end .034.5 +90%
5-24 open .013 end .018 +38%
5-21 open .015 end .015 flat- pull back and recovered
5-20 open .011 end .015 +36%
5-19 open .008 end .010 +25%
5-18 open .012 end .008 -33% pull back
5-17 open .005 end .009 +300% from previous close
5-14 start .002 end .003 +50%
Good one. Yes I think with no PR it was a pretty normal day.
What do you think of today's action?
Agree. If you bought at .06, you might be looking to add at .052-3 or less, not at .057-8. Last half hour will tell. Do they want to go into Monday with out the extra shares in. Chasing it always bad.
<<this is NOT a fake wall, 55 is a true solid resistance. better mark it! This is where it all starts, up or down.>>
Check last PR about Bio Diesel - they explain putting together information on Concorde Dome going to take longer.
I assure you I am sincere. I too invested invested in mostly big board - only entertainment dabble in pinks. Always proceed with caution. PM me an email if you like.
Big Volume boost in last hour. Day started slow. I think MMs and shorters were afraid of noon Press Release. Look for them to hammer the big with small trades again. When looked earlier - lots of small or partial trades. 1,000s actually going through.
People who came in at .06 will reload in low .05s. So back and forth it goes.
Thanks for the response Fat. So let's put all this talk of seeing financials behind us. They won't come at earliest until the fall - expected "by end of year".
I for one Do Not have you on ignore. Your history with the company is real. You are obviously much smarter now than when you first got involved. I think today you would not put that kind on money into a company whose assets were tied up in a legal proceeding. The way I see it, timing is everything. I also got hit by the R/S, but only had my toe in the water. Perhaps Barnett thought the issue would be easily resolved when he convinced you to put all that money in,, not take 6 years. Perhaps you got scammed, that does not make the company at this time a scam. Conditions do change, especially with wildcats. Hardly the history of straight up biz people. Heck we had a President who had 4-5 oil companies in Texas in the 70's that all went BK. But your words do not fall on deaf ears and AEB actions will be watched.
<<Yes, I'm sure that's true. I'm confident company managment could not survive a legitmate audit going back to Lanza. I'm under no delusions, the money I invested is gone forever. And I expect it will have plenty of company soon.
fAt>>
<<Fat - you, yourself said it a week ago. The audit will be on the new entity holding hte assets, not going back 6 years. >>
BP gave UC Berkely $500 million to study it.
Sorry for the typo first time
Fat - you, yourself said it a week ago. The audit will be on the new entity holding hte assets, not going back 6 years.
<<You would have to ask Barnett like we did. We've been waiting on the audit now for 5 years and it's supposed to be done "soon".
fAt>>
Getting awful predictable here. Run up first half of week, pull back Thursday, minor pull on Friday and then reload. Everyone thinking they have it figured out. Patterns have been so strong.
Well, AEB is in control and has spent a lot of energy to try and create value for share holders since winning the court case. My guess is he will be tired of others knocking down his efforts by shorting every run and may try and make them think twice. Got the feeling he may spring a short trap by releasing a meaningful PR when no one expects it.
Teach them to play all his efforts for their benefit, and so forth.
<<I don't know what everyone is bitching about. This is the best stock I have ever owned.
Trying to create fear with the idea that the CEO is going to dump 100 million shares on the market is insane. If he did this he would be cutting his own throat. Frankly I am glad that he owns shares. Now he has some skin in the game. >>
I don't think anyone sold for a loss. We all make mistakes, but it has been almost impossible to make a mistake on this so far.
OOAG Summary -
6-3 open .057 end .047 -17.54% pull back
6-2 open .0441 end .057 +29.25% high of the day .0698
6-1 open .030 end .0441 +47%
5-28 open .030 end .030 flat - small dip in morning
5-27 open .048 end .030 -37.50% real pull back day 20 mil volume
5-26 open .034.5end .048 +41%
5-25 open .018 end .034.5 +90%
5-24 open .013 end .018 +38%
5-21 open .015 end .015 flat- pull back and recovered
5-20 open .011 end .015 +36%
5-19 open .008 end .010 +25%
5-18 open .012 end .008 -33% pull back
5-17 open .005 end .009 +300% from previous close
5-14 start .002 end .003 +50%
A pull back after 2 up days totaling more than 100% and these guys are luring people into discussing why the company is not "perfect"?
<<So yes, give me that symbol of a perfect penny stock company.>>
Last Thursday Friday combo was:
5-28 open .030 end .030 flat - small dip in morning
5-27 open .048 end .030 -37.50% real pull back day 20 mil volume
Today only 9 million in volume. 5 million were first hour.
I told you earlier- they would have to make Mulitple Runs - with that many shorts out there, pretty tight trading range for most of the day, and so many people for whom .06 is thier base.
Volume - 5 million in first hour,,, has taken them another 3 hours to pry 2.5 into the marketplace.
Only here do we make majority from corn. Brazil is a grass and cane. Switch grass is best in Canada. Hemp would work. Almost the whole taxi fleet in Germany is new clean diesel Mercedes. Gas sells for $3-4 a Liter there.Politiacally madates for poloution etc. NO idea if it is,, but if this was EU - would be very nice.
Great article thanks. My guess is AEB got some cash in settlement. All recent activities point to someone who just got a good bit of cash delivered,, i.e buying into new bio-diesel position with cash only a month after getting assets in a court settlement.
Here is one on the risks of getting out too early. Ron Wayne. Worried that Jobs and Woz were out of control he sold $22 Billion share in Apple for $800.
""He was present at the birth of cool on April Fool's Day, 1976: Co-founder — along with Steve Jobs and Steve Wozniak — of the Apple Computer Inc., Wayne designed the company's original logo, wrote the manual for the Apple I computer, and drafted the fledgling company's partnership agreement.
That agreement gave him a 10 percent ownership stake in Apple, a position that would be worth about $22 billion today if Wayne had held onto it.
But he didn't.
Afraid that Jobs' wild spending and Woz's recurrent "flights of fancy" would cause Apple to flop, Wayne decided to abdicate his role as adult-in-chief and bailed out after 12 days. Terrified to be the only one of the three founders with assets that creditors could seize, he sold back his shares for $800.""
http://www.mercurynews.com/bay-area-news/ci_15214122?source=rss
Wasn't first 5 million+ shares in the first hour and only 1 million in second hour?
With as many shares short,,, they are going to be making runs at this for mote thatn jsuthte first hour or two. At least mid day.
riz Where you located to be up at this hour.
can you pm me an email address?
My guess would be, choppy tomorrow, some pull back profit taking, and those who came in at .06 or above gobbling up the shares to increase positions. Remember the volume was 29 million shares.
I think Friday close is .065 or up.
Once this thing firmly crosses .07 I think it zooms to .085.
So buying in at .057 not so bad. Concorde Dome numbers/news is the one that will push things up if they are significant.
My other guess is that if AEB is buying into bio dielsel plant,,,, his cash flow has changed drmatically because of the Concorde Dome. My last guess is that he is buying into a situation where the company needs funds - over extended getting the whole thing started. AEB now able to come in like vulture with new cash flow and buy into addtitinal cash flow situation for pennies on the dollar. I can't see him spend his new found wealth on something like that unless it is a cherry pick situation.
Update on Concorde Dome.
<<What could the news next week possibly be? I'm going nutz trying to guess it. >>
OOAG Summary -
6-2 open .0441 end .057 +29.25% high of the day .0698
6-1 open .030 end .0441 +47%
5-28 open .030 end .030 flat - small dip in morning
5-27 open .048 end .030 -37.50% real pull back day 20 mil volume
5-26 open .034.5end .048 +41%
5-25 open .018 end .034.5 +90%
5-24 open .013 end .018 +38%
5-21 open .015 end .015 flat- pull back and recovered
5-20 open .011 end .015 +36%
5-19 open .008 end .010 +25%
5-18 open .012 end .008 -33% pull back
5-17 open .005 end .009 +300% from previous close
5-14 start .002 end .003 +50%
I would normally think pull back time, but maybe AEB wants to punish the shorts and releases the news tomorrow!? Plus huge base came in today in at .06 and above.
Kinda like what they did to all the people who were Shorting Financials back in June 2008. Banned shorting Financials and burned anyone holding. Make them think twice about doing that again.
I can take a lot of +29.25% days.
Short interest was - http://regsho.finra.org/FORFshvol20100528.txt
You did well selling while on way up. I started at .003. and yes if I had sold none,, I would have more shares,,, but I am almost free shares now again,,,at .00777 so piece of mind is also worth something. Plus party on the weekend was really fun, and the food and wine were good.
Is it possible that he had those shares at .50 from October 2007. And now able to buy back in at lower - control the news so knows his shares are going to be worth more a week from now?
Read from back on the 27th. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50641768
AEB is the only one in charge. He created this funnel at the top for some reason, with limited shares. Figure out what he is doing and hitch a ride.
""I do have my eyes wide open, and plan on proceeding carefully, but cannot understand how the share reductions, whatever the motive, could be a bad thing. ""
riz, don't know if you have seen it as it gets burried withthe late night and early morning posts. Every night I post a summary tracking the progress in the PPS. Last night's was: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50804411
2 Cup Handles - saw over on yahoo
"take a look at the 10 day chart at bigcharts, using the interactive (java) mode set at 1 minute, (or any other such chart service that allows a 10 day view w/ a very small time interval)
honestly, ive been looking at charts now, very seriously, for about 7 years, this is the best double cup and handle formation ive every seen, for a pink the trading is on the whole relatively smooth. Something big is going on here and i'm not just talking about the company I'm talking about who ever is buying is very sophisticated--makes alot of sense especially with todays news!
barnett realized it's better to go legit, to not be too greedy, and to throw himself at the mercy of the shareholders, how rare for a pink
good luck to all "
I think if it breaks .07 it goes to .085 pretty quick.
Don't know how long it stays there, but I never thought the .15 was in the works. But it is only a couple of 50% days away, with production numbers still to come. I will keep an open mind.
<<.07 break coming very soon, then .10 this afternoon, then .25 to .50 ahead, read the report I posted earlier and sent you, we are going inbto huge cash JV news this week.>>
Good post riz. Fat has offered a lot of good inofrmation over the last month, that basically said "play it safe". I appreciated his warnings, as I have also played this role on others where I was burned by lying CEOs. However since it has really taken off over the last 8 days or so IMO his writings seem to be stronger, harsh, angry, almost shouting. The higher it goes the harder he pounds. Spreading over to yahoo today.
His alter ego Roxandbonz only tries to provoke fights with renaming "dshade" as "Shady", only trying to pick fights. Talking about tides going in a go out. All while the PPS went up 50%.
Follow you own safty rules for trading. IMO - buy on pull backs. Sell a little on 50% up days. I bought the pull back at .03 on friday when it went flat and sold half of that at .0685. The remaining shares are free. That is my risk profile on this,, figure out your own and follow it.
Been watching this for awhile. What caused today's 30%+ move?
I think the timing was for Europe. 8:30am right now in Germany
Alaska - are you actually on the east coast? Up late or early.
Me I'm in Calif., so only 11:30, checking things before bed.
Other questions:Why would he just hand the shareholders that type fo power. People given new assets ususally don't try and give away power. Especially when he has been calling all the shots for years.
<<I always have a pretty conservative view on things... I like to see my goals hit! I imagine AEB is going to be getting some type of a salary but I think the shareholders would even have a say in that. In reality we could oust him if we really wanted to. There are enough of us on here with enough shares that we could do what we want with the company in all honesty...
I don't know what is going to come or what the overall game plan is but I like where the company is going and I feel good about our prospects right now. >>
I'll keep it going. Pretty impresive when you look at hte whole of it. Few pull backs, considering the run. My major holdings are averaged out to .00777, so able to sit nice. This goes to .10 or .20 as some have suggested, and that will be pretty amazinng,,, and AEB will make a believer of me.
Never seen it before. Don't understand it. How is all this to his benifit? Besides trying to repair reputation, can you think of anythign else? How many shares does AEB have? Is he freeing himself of shares now that he has assets,,, but will have a Healthy hHealthy Salary added?
Maybe fat got to me. I don't understand it so I will keep the extra ones I picked up on Friday for .030 and the rest and watch for bit. Damn I wish I had a read on this, but I have no read on what this might offer to the PPS. Most seem to have a pretty conservative view on what it might offer. We will see.
OOAG Summary -
6-1 open .030 end .0441 +47%
5-28 open .030 end .030 flat - small dip in morning
5-27 open .048 end .030 -37.50% real pull back day 20 mil volume
5-26 open .034.5end .048 +41%
5-25 open .018 end .034.5 +90%
5-24 open .013 end .018 +38%
5-21 open .015 end .015 flat- pull back and recovered
5-20 open .011 end .015 +36%
5-19 open .008 end .010 +25%
5-18 open .012 end .008 -33% pull back
5-17 open .005 end .009 +300% from previous close
5-14 start .002 end .003 +50%
Any guesses as to why he would do this?
What is the goal?
"In the early 1980s, Halliburton was instrumental in pioneering the horizontal drilling and stimulation methodologies used to economically exploit the Barnett shale gas reserves." HAL does all kinds of drilling. Look at yearly report - <<in the Haynesville and Marcellus shale >>
From what I know they are both involved in many areas as a driller.
Hal was doing a cement plug in the gulf for BP,,, but not a "cement company"? Driller.
<<I have never heard of Haliburton and Schlumberger Operating wells. One cements and the other logs wells.>>
SLB I have owned on and off ( mostly on) for 10yrs plus.
Projects all over the world - one the best drilling contractors.
http://www.slb.com/ check them out.
Me and dsahe, same person? Not even close. Read our posts.
I am just happy he is posting something about actual oil productionn, instead of just target prices etc. In the end this is an oil company(fat's coment coming). They will be judge now on production numbers and revenue (not what some day trader thinks they might go to).
How do you know this? How can you really see who is on bid?
Keep in mind nite clears trades for a lot of brokers who do nto maintain pink desk.
<<Big MM's on the bid allday today>>