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uhhhh, filling the gap at 0.0185 to 0.019 isn't a good sign, way too much selling pressure which is inconsistent with the strong earnings report. I didn't listen to the CC, did management say something pessimistic again?
If stupid 'EYECity.com' (ICTY) and OCOL can gap up early in the morning with no news, so should UVSE on its earnings release. Something fishy is going on and some MMs are keeping this tight. Volume at 6,600,000 already, 48 minutes into the game. I think we're seeing the tail end of the selling pressure this morning from all those people who got in after the July 28th drop and picked up UVSE at 0.0105 to 0.015. Volume should exceed 20,000,000 by end of day and show a hod close of AT LEAST 0.03. Otherwise I'm going to cry.
I did understand, that is why I said I was shifting my selling points up to match my new projection of 0.05.
yeah, it's only been half an hour and the volume has already exceeded the average volume traded between 07-28-2008 and 08-05-2008, which is a good sign that tells us all those who bought at 0.02 and below have already taken their profits either yesterday or today. Next resistance levels should be at 0.025 and 0.030 since we're holding 0.020 very well. But it's still early and yes, not time to pop the sparkling apple cider fake-champagne just yet!
I agree, UVSE isn't going anywhere unless there is more buying pressure to push this up. All we're seeing right now is just a complete exhaustion of the selling pressure, with the Ask all the way up to a consistent 0.025, but having weak selling pressure is only one half of the equation. We need the kind of volume we saw back in at the beginning of July 2008 when UVSE was trading in the hundreds of millions. Otherwise, this will not move as high as everyone here expects. I am not being pessimistic or a basher, given that I hold a large position in the stock; I am just stating the facts and a viewpoint that is a little more realistic than just saying weeeeeeeeeee, which I enjoy saying too, but this morning's movement does not warrant a weeeeeee in my opinion.
EXCELLENT Macroeconomic Reversals:
1.) oil and gas futures pricing significantly up +1% to +2% this morning, a sign of a reversal
2.) Financial stocks back down, pulling back after its July surge, which is another sign of reversal and confirmatory evidence that there is stagflation.
3.) Oil and gas operations stocks pricing higher today, Energy sector is green compared to others being red
4.) Airliner stocks (UAUA, NWA, DAL, LCC) pulling back and reversing into decline, another confirmatory sign of evidence that Energy stocks will return to higher pricing here.
We need to realize that since July 15th until today, the financial stocks and airliner stocks dominated the market and were all up about +40% despite their large market cap due to the fact that there was a pullback in energy commodities. Yesterday and today represents the reversal point.
ehh, weak open, I was expecting this to gap up higher this morning, back to sleep I go (it's 7 A.M. here on the west coast)
how much and at what price I sell at will be determined during trading hours as things unfold, but before my 'ideal' entry price to sell at was 0.034. Following the details of this 10Q I am confident that UVSE will gain momentum after today and trade heavily upward, so I have shifted my ideal price target to 0.05. guess I'm not going to class tomorrow.. again..damn, if it does strike $0.05, I would walk away with $25,000. one can have some fun times with that number in one's checking account. but given that I'm a philosophical guy I'll probably just re-invest it and celebrate by having a cup of water and some bread. what? you were expecting coke and hookers?
I am a human being, therefore I make mistakes.
relax, I already said I was going to sell my position in blocks of 100,000 to 125,000 successively, and I have shifted my near-term maximum price target to 0.05 due to the 10Q results. time to get some rest, catch you guys tomorrow morning. if you hear someone with a squeaky girly voice on the Conference Call, that'll be me.
it is good to hear from another perspective, I had the same worries this afternoon concerning that line, but one can't one also alternatively argue that the company has significantly reduced debt? so if this 10Q was not as satisfactory, perhaps the results of the next quarter will be better with the company having jettisoned much of its debt.
yes, and if management's intention was ever to fool or scam shareholders, they would not go through the trouble of being a fully reporting company. The fact that Univ. Energy Corp. reports every tiny little change the company makes keeps me confident in the stock, and I would disagree that their PRs are of the fluffy variety that other OTCBB scammer companies release. As a side note, I have been bugging my older sister to take a position in UVSE since it was pricing at 0.0105 and she would never consider it, citing her prejudiced perspective that UVSE is an OTCBB stock. Yes, it is true that UVSE is a tiny OTCBB stock, and yes, it is plausible to accept that 'most' OTCBB developmental companies are scummy scammers, but IF UVSE were one of these, then arguably there would be no reason to even do real business or report on such real business. But Univ. Energy has been doing real business with real production numbers and now real positive earnings to show. The culmination of these facts will change the perspective on UVSE, and those individuals such as my sister who missed out on it at 0.011 to 0.015 will be kicking themselves! Again, it's all about perspective and perception. The next few days and weeks will help revive UVSE and reveal it as one of the few OTCBB stocks worth owning. To quote the CEO himself:
"what a difference just a quarter makes" Yes, what a difference indeed. Perhaps UVSE's entry into profitable territory this quarter will usher in the stock's revaluation back to a quarter or more!
I am a human being, therefore I make mistakes.
yep, and even better is that it is self-perpetuating meaning that the postponement gives time for the stock and traders to react to the revenue and production increases, sending the stock price higher and higher and making those presently holding CDs happier and less likely to convert. The end result will be a tighter and tighter float
yea, I sympathize with you but you should be able to at least break even or take a monstrous gain depending on how much money you have and how long you're willing to stay in this position. In my case, I've got ALL of my money in UVSE aside for about $1,000 that I'm using to exist on.
nice, gives us more time to trade this thing up
I am a human being, therefore I make mistakes.
watch for the UVSErection coming up into the market close. it's getting hot and steamy in my 10x10 crummy apartment room.
damn, I'd hate to be you right now, but maybe you wouldn't have the same temper problem as I do. I'd be kicking myself in the balls right now and tearing my hair out. But you know what? I did something similar: I added to my existing position back when UVSE was pricing at 0.0105, and I sold about $2,000 worth at $0.011 JUST SO THAT I could trade some other pieces of sheet with these tickers: VNDA, WAVE, ADLR, and TTP. I ended up making only about $300 on all four of those trades, but that same amount of money if left in UVSE would amount to a +80% gain by now and also a lowered cost basis. My cost basis is now 0.0164 due to rebuying and rebuying but by then UVSE was already pricing at 0.013-0.015. I managed to get some more shares yesterday morning at 0.0158. Oh well, the past is the past. According to the body of work done in the Philosophy of Physics, there's no such thing as the past, present and future anyway, so just forget about it and get in right now for the run-up to 0.030. I'm not pumping the stock, I swear, I've been reading about this thing and committing my life to it since July 2007.
To reply to your question, and I am just using my brain's reasoning power here and not any substantive empirical facts: I would argue that any RISK of or potential for dilution has already been priced into the stock when it dropped in July following the first PR notice about the August 20th vote. Thus, if there is a negative effect, and by 'negative effect' I am referring to a drop in share price, the decline should be incredibly minimal due to the fact that there has already been an immediate reaction to the news.
An ACTUAL increase in the OUTSTANDING shares right now would only confirm the fear, but the fear has already set in. That is why I am worried about 0.02 and 0.03 as resistance levels, because the company will have to prove it is actually growing production and revenues if it is to regain the confidence of traders and investors. But we must realize that those who hold shares around 0.01-0.02 AND those who entered new positions recently have already factored in and understand the potential for the A/S increase.
I would argue that it is highly probable the vote will go through to increase the Authorized share limit, but I would also argue as I have time and time again that this does not mean the company will increase Outstanding shares. If the company is finally revving up production and making positive revenue, then it should be able to gradually pay off its debt and grow its business by taking on new debt with its now more profitable business as the collateral. Before, they had to introduce more and more shares into the float because they were still a young company in need of capital. But if they are finally becoming profitable, they will be able to secure capital by other means rather than by dilution. I hate to say this, but I think I actually 'trust' this CEO and his management team despite the fact that I got burned from the Lone Oak well #1 news.
Tomorrow I anticipate not the rise of UVSE, but rather the truth and effectiveness of DD2Win's DD. How good is your DD, my friend, how good is your DD? And where the hell is that F1 you were talking about? That's why I like to analogize stock rises with rocket launches, since you don't need keys for a rocket, just enough jet fuel and a count down.
not going to happen. I would argue that in the case of other companies reporting quarterly earnings, if they release their report during the trading session then the conference call will be scheduled right after market close. And if they schedule their conference call for some morning, then they will release their earnings at market close. This is just an observation I made after trading earnings plays here and there for a year; it is not a firm rule. But I think it is highly improbable for Univ. Energy to release during trading hours today. My money is on an after hours release. Happy 10Q to all!
I'm going to put my nutsack on the line and call a close at $0.018 with an After Hours release of the Q2. Wednesday will be Ben's Celebratory day of Celebration, with my expectation that UVSE will break its previous resistance of 0.03. I'm not as ambitious or confident to call a rise to 0.05, however, but I am willing to propose that UVSE will price at 0.05 by its next Q3 if one is willing wait for that long term gain. Due to my love for immediate gains I will take my leave anywhere between 0.03 and 0.04. I failed to sell at that pricing level twice in the past in July and I have nightmares ever since about such a failure to exit.
yes, I was quite disappointed too when I got up this morning and saw my portfolio still unchanged. But this only means the Uncertainty has hit its maximum peak and everyone is now waiting for the Q2 to come out. I e-mailed the company to ask if the Q2 will be released during after hours but they have not responded yet. And so I think we'll get it in after hours since it did not come out before market open and since they are having the Conference call tomorrow morning, I would posit that the 10Q will come out during after hours. If it were going to be released during the day, then the conference call would have been scheduled for after hours.
a good sign is that the Energy sector is the only one in the green today. perhaps energy futures will rebound soon, especially if there are more troubles to unfold in the housing and financial sectors. If there truly is inflation or stagflation happening, then the U.S. dollar should price lower soon, and by soon I mean within this week or month.
yep, just think of it as numbers flowing in and out of your accounts. sorry to hear about the lay off by the way. as for me I have reconsidered and yes I will not sell all of my position all at once in one order. I have divided it up as follows:
250,000 @ $0.029
125,000 @ $0.034
125,000 @ $0.039
Note that these pricing levels are all at previous resistance levels that UVSE previously had trouble breaking through.
nice, I listened to the advice and I will be selling in small blocks with order set to execute between 0.30 and 0.039. Dumping 500K all at once would not be a good idea and I probably won't get the fill all at once anyway.
nice, I added this morning too with my remaining funds at $0.00158, a very palpable fill I might add. Can't wait until tomorrow.
Is Q2 going to be released before market open, at market open, during trading hours, or after market close? Does anyone know?
PPS Predictions/Projections for Tomorrow?
Hi all, I need some feedback on what you think is a REASONABLE pps for tomorrow, and by 'tomorrow' I mean at the very latest, by market close. Is it reasonable to think this will move +100% to +200%? I have set a limit order to sell my entire 500,000 share position at 0.029 but I think this is too low. Since my brain can't access the future I just wanted to see what the consensus or average pps projection for tomorrow would be amongst us Ihubbers. Let me know by sending a public reply to this post; thanks!
you imply a pertinent point, and I've already factored that in by saying once Q2 and Q3 come out UVSE will regain higher pricing but it will take time, and it won't be a return to the 0.50 to $1 level either since that means UVSE will be worth 125 million to 250 million as a company, and it is not worth that much unless it opens more wells for production. Also, there is still a large degree of fear and uncertainty priced into this stock on both the macroeconomic and microeconomic level.
Investors/traders are fearful and uncertain at the macroeconomic level due to the global instability of markets right now, and at the microeconomic level the U.S. economy is experiencing recession. So with UVSE, it priced highly before based on no revenue at all because it was just a new IPO that people wanted to get a piece of, but once the company took all of these steps to dilute, the market cap. valuation also had to readjust. Yes, the stock priced around $1 to $2 before, but that was also when there was far less than 250 million shares outstanding. So you have to understand that it is priced lower now due to the higher supply of shares and lowered demand for these shares. The demand is low especially now because the energy commodities bull run has slowed down significantly since starting last summer. UVSE will return to a higher pricing above a ridiculous $0.01, but it will have to maintain a float of 250 million for now and it will also have to regain the enthusiasm and attention of traders/investors. I am optimistic about this stock, but my optimism is constrained by the limits of realistic thinking, so that is why I intend to sell at or between these two pricing levels: 0.03 to 0.05.
I am a human being, therefore I make mistakes.
if you're willing to pay $30 to do a Bank Wire Transfer, you can deposit that supposed $2,000 you have just "in your pocket" into your checking account and then wire it over to your account and I think it would be available by today since that is the quickest mode of funding your account, at least for TD Ameritrade. I ain't know how Charles Schwab rollssssss but those are my thoughts on the matter if you're willing to put your money where your mouth is. Some of us think UVSE is going to be a 200% bagger and I'm one of them so my opinion is skewed towards putting all your money into this stock because that's what I've done and guess what, I'm grinning ear to ear despite having already lost -50% in this stock on July 28th.
I am a human being, therefore I make mistakes.
looks like I'll be skipping lecture today; I'm going to hunker down with some popcorn and watch The UVSE Show unfold. I think there's some sort of re-run marathon on today and tomorrow. ah that's right it's the classic episode entitled 'UVSE Finally Turns a Profit in Q2' followed by 'The Return of the Momo' and 'The Parabolic Adventures of UVSE.'
I am a human being, therefore I make mistakes.
yeah, it takes time for the jet fuel tankers to pump enough momo into this UVSE rocket. then you gotta wait for the mission control guys to do their rocket science, the politicians to slow the matter down with more red tape, and the technicians themselves to get everything running. then, we'll have LIFT OFF. I'll see you once we break the upper exosphere, GLTA HF DD NBB LES DO DIS
careful, many factors and variables have changed since UVSE priced more than $0.50. I think each of us needs to be 'realistic' and factor in some of these changes:
1.) decline in momentum
2.) prevailing pessimistic perception
3.) decline in oil and natural gas pricing
4.) decline in energy commodities bull run
5.) decline in shareholder optimism in the company due to dilution fears
6.) rapid increase in economic turmoil in 2007-2008 (if investors and traders are losing money in the market or think that the stock market is getting risky, less will invest and shift their behavior towards consumption and savings)
that's only some things I can think of, I just got out of bed. just gotta recognize that the majority of the float is now in the hands of new investors and traders, and if many of them are flippers and not long-term investors, then UVSE will undergo some serious selling pressure around 0.03 to 0.05. I think the most optimistic pricing I'd give to UVSE is 0.05 for the immediate time being. But if you expect it to price beyond, you'll have to hold for much longer. Once Q3 comes out it might return to its glory days at the 0.10 and above level, but again, I am giving conservative estimates here given the changes I listed above.
Bid: 0.0172 Ask: 0.0174 Last: 0.0174 ($): 0.0019 Vol: 6,827,312 Yeeeeehaaaawwwwww
yeah, Parabolic we go, very nice thinking and research into the matter. perhaps there is something better to do than to joke around.
I think this calls for a WEEEEEEEEEEEEE too. Today's decline in UVSE had nothing to do with UVSE itself, but was mainly caused by the lowered pricing in oil futures once again. People need to realize that oil & gas companies are directly impacted by energy commodities pricing. I was actually very GLAD that UVSE priced down to 0.0155 today, so that I can buy more shares on Monday. And if other people share my intention to buy on Monday and share this mentality, then we will see UVSE gradually move parabolically up. And it is far better for it to move in a parabolic form than if it just spiked and dropped like the other two times in the past. The more gradual, the better, and more likely momo will return and send this back beyond 0.050. If it just spikes, then many people will sell and take their profits immediately, sending the stock down the next day. Think about it!
not even going to bother reiterating how ridiculous it is to think that an increase in the AS means an immediate increase of the OS...all of those who hold this false BELIEF have already sold and if you think that way too, better sell fast since you're so convinced pps will be lower after August 20th. I will have 500,000 shares by then and I am holding out for as long as I can pay for rent and food. All of my trading money is in UVSE right now aside from $1K which will be ready to trade on Monday.
yeah, I already packed a sack lunch because I know I'll get hungry during the field trip into outer space all of us UVSE long positions will take on Monday and Tuesday. We brown-baggers can sit around and discuss what we'll do with our +200% gains once we start orbiting Earth. You know my answer will involve prostitutes.
my opinion is that your opinion is correct. the wascally wabbits got hunted by the MM Fudd, but they ain't taking me alive!
My Cost Basis = $0.0165
I just tallied up my cost basis after having traded in and out of UVSE last week (and made nothing by the way, since my ADLR losses nullified my VNDA and WAVE gains, and so it comes out to a grand total of $0.0165 and I have exactly 426035 shares. Yep, just wanted to let you guys know that I'm in this to win this, and by win this I mean walk away with as much numbers in my account as possible this time. To use the lexicon of famed and obnoxious stock pumper Jonathan Lebed: this is going to be *HUGE*!
Yes, I used the *HUGE* word. It had to be done. Damn, seriously, some girls have nothing better to do than to make sexy videos, and I honestly have nothing better to do than to watch them:
UVSE floating at 0.016 support level confirms my hypothesis that this is the new support floor. Granted, this is only an observation and I do not pretend to speak any actual truths about UVSE itself; I am merely presenting this 0.016 support level as a benchmark level from which I will make decisions based on. Since UVSE was able to hold 0.016 yesterday and more or less today, though it is pricing at 0.0153, I am willing to propose that this is the new support from which UVSE can make further gains from. What this means is that there is very low volume of sellers at 0.016 and so buying activity should increase UVSE from the foundation of 0.016. Anyone looking to buy should use this 0.016 or below as their entry point, but since much selling activity has already occurred, it is unlikely that more will sell below 0.015 to 0.016 unless pessimistic news is released about the company. I have a remaining $1,180 in my account and once those funds settle and become available to trade, I will add to my UVSE position, ideally to 500,000 shares, since round and even numbers are aesthetically pleasing to me. Also, if I have 500,000 shares, it will be easier to calculate how much money I will have if UVSE returns to $0.10: I will have $50,000 before my 21st birthday. Muahahahaha, how's that for "counting your chickens before they've hatched"?
But in the mean time, check out this girl taking a bubble bath: