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Thank to oops I crapped my pants I don't have to miss power hour while changing them.
Clay can we have another ASFX video, that stock is still climbing, unless you would just be repeated yourself from yesterday ;)
I would also like to hear that.
Question for Shef and everyone...in your opinions what are the best real-time intra-day chart services? I need to see one minute candlesticks, etc, and haven't signed up for anything yet. Also, keep in mind i'm on a poor college-student budget ;)
MUGUNGA!
Since MMTE is bouncing up and down a lot recently, MFIs measuring small time periods will not necessarily agree. Look at the last 2 days, which are both green; this explains why the MFI 2 is so positive right now. But for the MFI 7, look at the last seven days: most of them were spent recoiling from the last price spike, so for the last 7 days there has been negative money flow from selling and profit taking. The MFI 14 is probably the most meaningful of the three since this stock is not trending. Also look at the Chaikin Money Flow, which in this case has a nice uptrend.
I've not been charting long but I think you will find the multiple MFIs more meaningful in charts that have obvious up or down trends because they will be more in sync and will show whether MFI is slowing down or gaining momentum.
MUGUNGA!
I'm watching MMTE and am just as optimistic as when I began watching. From an F/A standpoint, their PRs indicate assertive business strategies and i'm sure everyone now knows that they are in the middle of drilling three wells, the first having been successful. The chart is behaving very predictably: there have been several very nice spikes, and after each one, the PPS slowly falls back to the .001 support. Since last week's spike associated with the PR, the price has followed that same pattern. I did notice that the price is dropping a little more quickly this time, nor did it linger at the .002 range. Either way I would expect this price to make its way back to .001 and bounce off, unless a positive PR intercedes. The last 11 PRs have been released at 8:30 AM so you may take that into acocunt when deciding your strategy each day.
"We seem to be off to a very good start on our Oklahoma venture and are looking forward to continuing our operations there," stated Joe Overcash, President of Mammoth. "Once we know the commercial production from the wells, we can begin to forecast on ongoing results."
They have not even begun commercial production well 1, and there is of course a chance that wells two and three will be unsuccessful (I recently got screwed over when that happened to UVSE). I think many investors will remain hesitant until the well(s) are brought into full production and the aspirations of recent news become grounded in reality.
Personally I believe they will be successful, and it sounds like others here agree, but remember you can't take these wells for granted yet. The general optimism surrounding this company doesn't explain the price-drop of the last several days, but the behavior of the stock over the last few months combined with their actual position (not their projected success) does (in my opinion). This is just what I've gathered and I've only been trading stocks for a month, so of course, do lots of homework and study the chart so that your decisions are your own! Best of luck to my fellow MMTE traders!
MUGUNGA!
If you've done your homework and have faith then each of these new lows is a good chance to buy more shares. PRs come consistantly at 8:30 AM and this stock seems to be very constant in trickling downward through the supports towards .001 in between each PR. Nobody should be surprised to see it dropping today. I'll be expecting the same tommorrow without a PR.
MUGUNGA!
Is anybody able to purchase MMTE shares online? If so what broker? I've been having to call in my orders with Etrade all week and its getting obnoxious, I want control at every second!
yeah that's what I meant, support. If the PR comes out, I will buy shares immediately, but if news is held off for a few days I'll be buying lots on the bounce off the .001 SUPPORT!! :)
Don't worry about this stock: its behaving just like normal. I'm waiting to buy at .001 where it has bounced off to at least a %250 increase the last 3 times it has retraced a major spike, which it is currently doing. The indicators look very strong although they are calming down from the recent press release. There is a lot of positive divergence between the recent spike and the spike at the end of June, and a slightly positive divergence (for the indicators, not the PPS) between the recent spike and the one from the end of May. This stock is acting incredibly bullish, and don't freak if it continues to trickle downward until another good press release comes out, because that's just what it does. The resistance of .001 was established before MMTE even announced that the 3 wells would be drilled, so I think it is a strong one, and will be buying a lot there to lower my average. This is just my two cents for those who seem frustrated, so remember this is an opinion. Make your own decisions, spend a lot of time looking at charts and researching, because that will earn you more than feeding off the deception of pumper/basher infested message boards.
MUGUNGA!!!
I think anyone who bought shares is already betting.
Any clue why Etrade won't let me buy MMTE shares?
Good call! Unless you REALLY need whatever money your shares are worth, or are confident enough that you can trade it back to value elsewhere faster than this can recover, then you are better off not selling as a reaction to yesterday's disappointment. People are already taking advantage of these lows and buying more, and combined with the pending financial report, it shouldn't take long to stabilize, or at least provide a much less damaging exit point! Rather than sell, invest more, in a fifth of gin and a long walk in the woods and check back here in a few days or whenever.
Of course the management behaves unfriendly toward shareholders - on a day to day basis that is. Profit takers playing off their PRs in no way do they benefit the company. I took a very painful hit on this stock today, as did many of you, but the responsibility for this risk is completely our own faults, and we each made the choice of investing, even if it was in the midst of good news and positive energy. Raley never had a responibility to create a spike in PPS through well-timed PRs, nor is he responsible for money lost from this one, and at the very least, it wasn't even his responsibility to time this bad news to minimize our losses.
This will have little permanent affect on the stock, because the long term trend is based on the fundamentals, which for UVSE company are presently sound. This is just a speedbump; Raley knows that, and long term shareholders know that. If you've done research and have faith in this company's less immediate future, then you shouldn't take this too hard. If you were just trying to make quick buck, like I was, then there is nobody else to blame but yourself. This is part of the game, and you can either learn from this or continue to loose your money and blame it on some CEO you've never met.
"An Excercise in Patience Progressing Nicely..."
They are certainly encourging the value behind the value behind their motto!
True story! I should have looked at the news :)
FRTL Chart looks great coming out of last week: two dojis on wed and thurs showed there is no negative momentum during the consolidation. The hammer on Friday was nice; If today stays green I would be buying this afternoon, although if I hadn't just looked at this stock today I would already have shares anyway.
Dark Cloud cover last week, this may start out the week with some rough days.
Good morning guys! Random question: why are there occasional black candlesticks on stockcharts.com. What are they? Also, even more rarely, there are red candlesticks that are hollow instead of filled in. anyone know?
Good morning
even if they are renewable that will be a large chunk of cash to renew all of that...
I agree. At this point it is better for us to hear the news (assuming at this point it is good news ;) ) monday morning because everyone will be emotional and rush in. If the PR comes out today, then it may not be as effective because people will have all weekend to get over it. Good luck you guys.
Filled! Yeah baby. A lil' extra bunnies to multiply during tommorrow mornings gapper!
Put in in a last minute order for some extras!
I like to blow up balloons until they pop. Sometimes though, The balloon continues to fill with long after it should have popped. Sometimes it takes an ungodly amount of time for it to explode, but it always does. Balloons can't hold infinite air.
haha! Don't jump now, wait til at least monday.
I wouldn't use the board as a primary gauge on the stock because everyone on message boards speaks with personal motives in mind and nobody genuinely cares about other peoples gains. It is good to get excited together about this stock, but you can't take every post here to heart. Stick to news articles and chart analysis for your decisions and use the board only as a secondary reference. Don't trade on emotions evoked by other people's posts!
On a good note, Taco Bob's concession that this stock won't drop to his favorite entry point again is another secondary sign that this stock is ready to POP!
Good Luck Everyone!
And I had almost forgotten why this stock is so sexy. Go QMNM!
Yeah you can trade shares on ebay for real cheap. No I meant Etrade :P.
ebay and ameritrade both show no action?
sorry i did not mean split i meant the addition of shares to have 1.5 billion. still, same question though.
I opened my account less than a month ago and this is the first stock I've ever invested in. Reading this board and stalking the chart has been a ridiculous experience so far. I really did not expect it to be this intense. Anyways.
Can anyone answer a question though? Regarding the potential future split that is to be voted on, it seems that the amount of share may be increased by a multiple of 6. Does this mean that if enacted, each share would become worth 1/6 of what it was worth just before the split, with also some sort of price drop from people selling in reaction to the split?
It seems that if this stock is two pennies now, and was very recently worth thirty cents, and seems to have a bright future, that even if this stock somehow ONLY reached 30 cents by the time of the split, people who bought right now would still have a profit. Please, someone correct my calculations about the affect of the split on the price.
MUGUNGA!!!
That just a overweight cumulus. It doesn't eve have an eye.
Hopefully they will gak themselves and flip too early and miss most of the climb.
lol all this does is sustain the tension...
http://ih.advfn.com/p.php?pid=nmona&cb=1216222700&article=27356028&symbol=NB%5EUVSE
Der! (nervous twitch) Why did it go down?! DER! What is cons-cons- consolidation, derrr.....(twitch).
Oh man! I wish I hadn't bought all my shares yesterday! I would be raking them in right now. Patience is a virtue everybody, and sometimes a lucrative one. Lets hear some news UVSE!
And I mean that in a good way.
This stock is like a zit that once you apply pressure at just the right angle you have to windex the mirror and find a band-aid.