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Selling is thinning out... I see a hard bounce in the near future.
BGOI hasn't even started. Look for a hard gap monday with no retracement, just a gap and run.
BGOI is my pick for next week
BGOI
I want to cancel my prediction. We're going way over .09 Monday!
Very nice to open my inbox and see MULTIPLE companies profiling BGOI as their pick. we are gonna blast off! Here is the email I got from bullwarriorstocks.com (the one run by the infamous ClayTrader):
"Our new trade idea is BGOI.
BGOI has been talked about in quite a few circles for some time now, but we feel the time is now to take a serious look at the stock. The company is starting to put out press releases, but those aren't what is drawing our attention... the chart is!
Looking at the chart, it would be hard to find a better looking one with more potential out in the penny market. Ever since mid December, the chart has made nice moves, then pulled back and put in higher lows.
Remember, "higher lows" (from a supply vs. demand viewpoint) means that the traders who buy on the bid are having to continue to raise their bids if they want shares. Raising bids means higher prices and higher prices means a bullish trending chart! Looking at the chart below, it is easy to see the nice uptrend the price has established since "coming to life" back in December.
The other aspect of BGOI we feel strongly about is the liquidity. In some stocks, one of the key causes for concern is "will I be able to sell if I buy?". With many penny stocks, this is a legitimate concern that should be considered! However, doing some quick calculations of the dollar volume BGOI has traded since December shows that there is lots of back and forth trading (liquidity) occurring, and that's exactly what we want to see!!
With this liqiduty, our daytrader/short term swing traders should have multiple opportunities at profits from the stock. As with any stock though, if you are doing daytrades and so forth, make sure to always set your stop loses and honor them if need be.
Let's breakdown the chart...
* First thing to note is the 50-SMA and the positive incline it has. This represents a strong bullish trend, and as the saying goes, "trade with the trend".
* As mentioned above, the gray box points out just how nice the volume has been. Lots of liquidity!
* Next resistance is at $.075, so until that point, the chart is technically in a BLUE SKY breakout!
* Different strategies:
o MOMO Player? - because chart is already in "blue skies", hop in and play the clear momentum the chart has...
o Breakout Player? - the next key breakout point is at $.075 - buy the break
o Pullback Player? - like to buy when others are running? - some key areas of support are at $.055 and $.046
* To repeat ourselves! - when you enter, set stop-loss and HONOR IT!
* Don't be greedy! The point of our plays is not to make 500%. Remember to keep things in perspective. Can you walk into your local bank and put money into a CD and make 25% in a matter of a few days??? NO!!!!
Whether or not you decide to play BGOI, make sure to at least add it to your watchlist so you can watch! With a chart like it has, we think it will have a nice bullish future!"
Boardmarks at Friday's close: 204
Boardmarks right now: 228
EDIT: 1 more boardmark as I was typing this, now 229, probably more by the time this gets read.
This rocket hasn't even finished boarding yet.
I say we flirt with .09, then close at .079.
"The Company is currently evaluating other asset properties that may be purchased and/or merged into the Company. As of the date hereof we have not entered any agreement or other arrangements with respect to these properties and, as a result, we cannot provide any guarantee that we will successfully close any such acquisition."
I think that statement will silence anyone who may come in and try to say this was a fluff pr. I've never seen a fluff PR that admitted there's no guarantee of expansion.
Actually, Omega admitted that he was wrong. Very noble imo, most people would just leave and never come back without saying they were wrong.
I have power etrade pro, and the last trade I see is 500k @ .0596. Oh well, it's probably better that I didnt see the 28 cent trade. I would have had to buy a new pair of pants :P
BGOI NEWS!!!!!!!!!!!!!!!!!!!!!!!!!
http://www.earthtimes.org/articles/show/bonanza-oil-amp-gas-announces-update,1143244.shtml
HOUSTON, TX -- 01/29/10 -- Bonanza Oil and Gas, Inc. a Nevada Corporation (OTCBB: BGOI) (the "Company"), an independent oil and gas company, is pleased to provide an update on the Company. The Company's senior debt restructure has been completed, along with the forward split and the increase of its authorized shares.
The Company is also pleased to announce that the production level of the Jackson Well in the Apclark Field, operated by Westerly Exploration, Inc., appears to be increasing, after the re-fracturing stimulation of that well. The Company is also in hopes to rejuvenate its development of the existing PUDS, and thus increase cash flow and value.
The Company is currently evaluating other asset properties that may be purchased and/or merged into the Company. As of the date hereof we have not entered any agreement or other arrangements with respect to these properties and, as a result, we cannot provide any guarantee that we will successfully close any such acquisition.
Bill Wiseman, President/CEO, said, "The Company is very pleased the restructure of the senior debt is completed, which allows the Company to clean up its balance sheet and provide flexibility for the Company to commence implementing our proposed original business plan and strategy, by developing PUDS, and adding proven properties to the Company, and, in turn, hopefully adding shareholder value."
About Bonanza Oil & Gas, Inc.
Based in Houston, TX, Bonanza Oil and Gas, Inc. holds assets ranging from current producing properties, wholly owned prospects, to developing working interests in Proven Undeveloped (PUDS) properties.
Safe Harbor Statement
Some of the statements made by the Company in this press release are forward-looking in nature. Actual results may differ materially from those projected in forward-looking statements. The Company believes that its primary risk factors include, but are not limited to: production variances from expectations, volatility of product prices, inability to raise sufficient capital to fund its operations, environmental risks, competition, government regulation, and the ability of the Company to execute its business strategy, among others. Additional information concerning these and other important factors can be found within the Company's filings with the Securities and Exchange Commission. Statements in this press release should be evaluated in light of these important factors.
Contact:
Bill Wiseman
President and CEO
Bonanza Oil & Gas, Inc.
Tel: (713) 333-5808
bwiseman@bonanzaog.com
EDIT: BGOI NEWS!!!!!!!!!!!!!!!!!!!!!!!!!
http://www.earthtimes.org/articles/show/bonanza-oil-amp-gas-announces-update,1143244.shtml
HOUSTON, TX -- 01/29/10 -- Bonanza Oil and Gas, Inc. a Nevada Corporation (OTCBB: BGOI) (the "Company"), an independent oil and gas company, is pleased to provide an update on the Company. The Company's senior debt restructure has been completed, along with the forward split and the increase of its authorized shares.
The Company is also pleased to announce that the production level of the Jackson Well in the Apclark Field, operated by Westerly Exploration, Inc., appears to be increasing, after the re-fracturing stimulation of that well. The Company is also in hopes to rejuvenate its development of the existing PUDS, and thus increase cash flow and value.
The Company is currently evaluating other asset properties that may be purchased and/or merged into the Company. As of the date hereof we have not entered any agreement or other arrangements with respect to these properties and, as a result, we cannot provide any guarantee that we will successfully close any such acquisition.
Bill Wiseman, President/CEO, said, "The Company is very pleased the restructure of the senior debt is completed, which allows the Company to clean up its balance sheet and provide flexibility for the Company to commence implementing our proposed original business plan and strategy, by developing PUDS, and adding proven properties to the Company, and, in turn, hopefully adding shareholder value."
About Bonanza Oil & Gas, Inc.
Based in Houston, TX, Bonanza Oil and Gas, Inc. holds assets ranging from current producing properties, wholly owned prospects, to developing working interests in Proven Undeveloped (PUDS) properties.
Safe Harbor Statement
Some of the statements made by the Company in this press release are forward-looking in nature. Actual results may differ materially from those projected in forward-looking statements. The Company believes that its primary risk factors include, but are not limited to: production variances from expectations, volatility of product prices, inability to raise sufficient capital to fund its operations, environmental risks, competition, government regulation, and the ability of the Company to execute its business strategy, among others. Additional information concerning these and other important factors can be found within the Company's filings with the Securities and Exchange Commission. Statements in this press release should be evaluated in light of these important factors.
Contact:
Bill Wiseman
President and CEO
Bonanza Oil & Gas, Inc.
Tel: (713) 333-5808
bwiseman@bonanzaog.com
I must be drunk, because my portfolio has never looked so sexy!
It's not over 'til the bell rings... NHOD just 1 mm away
BGOI was and still is a blessing. Looks great for monday. THANKS EPIC!!!
As long as we close over .055, which is pretty much guaranteed, the chart will look great! Btw, can you guys please sign the petition in my signature? It literally takes 10 seconds, and my girlfriend could win a trip to washington dc.
DOMS wants to kill it. Let's take all his shares before he can move off the ask!
churn, churn, churn.... the base keeps getting higher and higher with new investors coming in at each new level and old ones selling out.
I agree when we touched wednesdays high they freaked out and jumped to build a .054 wall. It was kind of amusing to watch them all rushing into place like that, so obviously fake.
.05's broken and on the bid; it's gonna be a great day :D
Oh ok I see now. Looks great, pretty similar to BGOI's situation. Add on the things going on with the company and the promotion, and this stock could go crazy!
Ummm... wrong chart? lol
I will be very surprised if we don't break .05 tomorrow. I've been watching the consolidation, and this bubble is primed to pop.
Well, with the promo starting tomorrow I wouldn't be surprised to see a PR over the weekend. It's textbook to have a PR right after the first day of a promotion, and with all the things going on with this stock they have a reason to release a PR, so it wouldn't just be a BS fluff PR.
Picked up a few more shares. Lets go!
Notice how ever since the .041 - .045 range, there has been no pullback on the sell offs. Anyone who sold hasn't been able to flip back in at a lower price.
PERT just came in from nowhere. 4 cents on the bid and 11 dollars on the ask! I think I like this MM :D
we have been the hot stock on TONS of boards for a week now. His one recommendation didn't give us 12 million volume.
Looking ready for round two, loaded even more shares at 1.5 cents cheaper than I sold them.
HDSN obviously shorting and trying to keep it down... i feel kinda bad for him... NOT :P
Wow the wall of bidders just ate a 500k sell with no change.
l2 looks AMAZING now, 5 mm's bidding over .04
HOLY CRAP HERE WE GO! 2 MILLION INSTANTLY!
IF YOU HAVE ETRADE, YOU HAVE FS SHARES!
Here's how to see them - Go to trading and portfolios > Transaction History. It will say
" 01/26/10 | Dividend | (Number of shares you get) | BONANZA OIL & GAS INC STK SPLIT REC 01/20/10 PAY 0... | 0.00"
It is not reflected anywhere except your transaction history yet. Your number of shares in you portfolio are pre-fs. Probably will be updated at 11:00 PM EST (I think this is when etrade rolls over), but almost definitely by tomorrow morning.
So this selloff is because of the new shares I'm guessing. Let's see how hard we get hit. Omega, here's your time to shine if you ever get one.
"increasing its authorized shares of common stock to 1,500,000,000"
It says "to 1.5B", not "by 1.5B". That means there are 750 million shares coming (minus the ones that have already come), not 1.5 billion
lmao I saw that... amazing :D
.038 up!!!