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0.019 actually, sorry that was a typo. I bought in at 0.019 on July 3rd and it moved to 0.039 the Monday after. Then it tanked to 0.02 again and I bought more, and afterward it moved to 0.03. Then it did nothing for a while, traded horizontally and stagnated at 0.025 until the Lone Oak news finally came out and sent it all the way down to 0.014, then 0.0105. I bought more at 0.0105 but then sold half of my position to trade VNDA, WAVE, ADLR, and TTP. TTP and VNDA made me some money, and I re-invested those funds back into more shares of UVSE yesterday at 0.013 and also this morning at 0.017. I hope that clarifies where I'm coming from. It's been a ridiculous ride and I've been obsessed with this stock.
nicely put, but again, I don't like to get attached to a stock and with UVSE that was my biggest mistake. I first bought the stock at around 0.19 on July 3rd and the next Monday afterward it surged to 0.039. I sold half of my position and kept the other half, only to see the other half return back to 0.020. I used the other half (in funds) to buy more UVSE stock and then the stock moves to 0.030, now presenting another exit point. What did I do that time? I held and refused to sell, thinking that the Lone Oak well would be a success. From there we know what happens: Lone Oak well #1 drilling was a failure, and the stock returned to 0.0105 until today. So what I mean to present is the fact that things are constantly uncertain and will fluctuate. For me, I am still in school and so I am playing with all of my money in just one to two stocks. Sometimes I do well but most times I do not. So the main lesson I've learned is that it's best to trade in and out of of stocks at their highs and lows. And that might sound like the obvious strategy but it's actually very difficult, especially when you're working against your own personal greed and uncertainty as well as one's tendency for over-optimism. So with UVSE, you're right, it is an excellent long term investment, but that doesn't mean you have to just leave it there and let it go on its own. I know most people here work the 9-5 so they can't monitor it constantly, but that doesn't prevent you from setting reasonable limit orders to sell the stock at specific high points and to set limit orders to rebuy the stock at what you think it will return to. So for instance, right now I have a limit order set to sell at 0.024. That doesn't mean that if the order executes I'm done and I don't want anything to do with this stock anymore. It just merely helps me take my profits. If UVSE touches 0.024, my order triggers and I get out with no regrets. And then I set another limit order to buy at 0.018 or something just in case it declines, and so now I'd have shares at 0.018 in anticipation for the next rise. So what I am saying is that just because something is a long term investment, doesn't mean you have to keep your position all throughout. If I had traded in and out of UVSE successfully in the month of July, I'd have about 600,000 to 800,000 shares right now. But I didn't. I held on to the position and held out hope, only to see it rise and fall and rise and fall and negate any gains I could have made.
So even if you expect this to reach 0.04 or 0.40, don't think it will do so all the way up in some string of consecutive green days. It will rise an fall, and if you can sell and buy on these rises and falls, you'll end up with more shares than if you just held on the entire way.
that coincides with the previous statement made by the company when they said they're producing roughly +$300,000 net revenue per month.
mikey, everything you say is valid and can apply to people who want to invest in this company for the long term. But there also some who just want to make quick money and I am one of them. If UVSE shows a +50% to +100% return from where I've entered, I'm satisfied to take that profit and leave. I've stayed in this stock for way too long (since July 4th) and in the meantime I am missing out on other potential plays. I am a trader and not an investor, but I would have to agree with you fully that UVSE is a great long-term investment, especially given the fact that the U.S. government is now turning their attention back towards domestic production of gas and oil. Look at many of the service vehicles and city buses and you will see that they all run on Natural Gas, which is an energy source the United States is abundant with relative to oil, which it was one of the first countries to start pumping so accordingly it will be one of the first to run out of oil. The next move will be towards natural gas, and UVSE is becoming a trustworthy player, trustworthy because they're a tiny OTCBB that actually bothers to report. So yes, this is a very good long term play, one that might appear on the AMEX soon if it continues its growth. However, it's also a good short-term trade too, and it has moved up +100% for me TWICE already and each time I did not take my profits. So that is why now I am very anxious to take that sweet, sweet +$10,000 gain and walk away. Do you know how many hours with hookers I can buy with $10,000?
I am a human being, therefore I make mistakes.
UVSE testing intraday ceiling resistance at 0.017 for the third time today. Again, a break of this 0.017 will mean that there's nothing else holding the stock back from gaining further to 0.02.
yeah, what I'm saying is that volume has already exceeded what it has been in the past three weeks, so if UVSE can just hold intraday support at 0.016 and if more buyers enter, we should easily close between 0.017 and 0.02. 0.017 appears to be the intraday resistance, since the stock failed to break that twice this morning during the period of highest volume. We have to keep in mind that UVSE was trading healthily at 0.025 BEFORE the Lone Oak well #1 failure and AFTER the AS increase vote notice, so if these earnings can offset the July 28th Lone Oak news, then it can break 0.02 and return to 0.025. I personally would argue that the July 28th drop was a massive overreaction, which sent the stock down to its stagnant level of 0.011 and opened up a perfect opportunity for me and others to buy more at. If this earnings release can show how absurd that drop was, UVSE will price at or above 0.025 again. And once the details of the August 20th meeting are confirmed and the AS vote becomes a certainty, we will see UVSE move up even more IF the vote allows for the AS to increase AND if the company does not increase OS. This combination--of allowing the AS to increase but not actually taking the next step to further dilute OS--will CONFIRM in the minds of traders that UVSE is maxed out at a float of 250 million shares, and that can catalyze a momentous movement towards 0.04. Based on my reasoning, anyone holding shares right now at 0.02 and below stands to make at least a 100% return or more just on the news of the Earnings release on its own.
Disclosure:
I have set a limit order to sell at 0.024 so that is where I plan to make my exit. I will re-buy only after the August 20th meeting is settled, because I do not want to leave myself exposed if the August 20th decisions are not favorable.
I am a human being, therefore I make mistakes.
On what grounds? Anyone can think anything but there's got to be reasoning behind it. And if not reasoning, then it's just an empty thought. I out of all these other people can only hope that what you think becomes true!
Intraday double-top, kinda scary looking unless that 0.016 support level can hold for today and given that those two tops are pretty small there's probably not many new hands holding at 0.017 or above so we've still got room to move today. Notice that most buying activity occurred around 10:45 A.M. and most of that buying activity was buys/sells at 0.016. So if most people bought and sold at 0.016 today, that should be the intraday support that we need to hold if we want to see 0.02 today or tomorrow. I really miss 0.02. Me and 0.02 were just getting acquainted before July 28th and then BAM, it got tookened awayed from me....Come back, 0.02. Come back to us. And bring your friend, 0.03.
not that I know of, and I've been monitoring this stock fairly closely. I think we will hear about Lone Oak again after the August 20th meeting. Until then, just gotta focus on how strong this earnings report will be. And by 'strong' I mean in comparison to their previous earnings reports, which were basically cash-negative or neutral due to the fact that they had little to no production yet. Now with the Caviar lines up the company is finally pumping and generating revenue.
Looks like many sellers got out at around 0.017, sending UVSE back down to 0.0155 for a while and now back up a little. I think we're just seeing the beginning of today's run, this will move into a second higher step in my opinion. There's no reason to sell right now, given the PR news that just came out and also given the fact that the 10Q will be released on Tuesday. Yes, that's right, August 19th is just one weekend away after tomorrow so if we think about this in psychological terms, there's probably--and I say PROBABLY--a high quantity of indiv. waiting to sell or to buy following that release. If UVSE is going anywhere today, it will be upward with a potential to return to 0.015 if more heavy selling kicks up. Note that we've already cycled through a volume of 11 million shares by 9 A.M. West Coast/12 P.M. East Coast time, so it's still early in the day and this can very well stagnate, trade sideways during lunch hour and move up to 0.02 by the end of the day. Again, there's really no reason left to sell here. Look at all the pessimistic news that has already been priced into this stock and that has already activated sell offs. I can't even count how many PRs we've seen about the AS increase and of course there's the notorious Lone Oak drop on July 28th. So for now we're seeing a floor.
oh yeah, and someone deleted my other humorous post so i gotta say it again: I have a UVSE-rection. what? that isn't offensive! there's no such word as 'rection' anyway...
yep, I agree, and these are just observations so I don't think you or I have to state that it's our opinion. It is factually true by way of observation that UVSE has closed green three days in a row this week, perhaps in anticipation of the earnings report or perhaps due to the gradually recovering oil-related sector. We must keep in mind that UVSE's core business is 80% natural gas production and 20% crude oil production, so given that natural gas futures have priced down -$4, it is understandable that UVSE has declined as well. I think these are just two of the variables that are easiest to identify but we also need to take into account the activity of MMs, the activity of individuals still with long positions anywhere from 0.05 to 0.10, the activity of shorts, the activity of any remaining CD holders, and the activity of potential new buyers. Some of the buying can be attributed to individuals adding to their positions to lower their cost-basis, and these individuals are the ones with stronger conviction in the company but who have been in the stock for too long and will sell when they are in positive territory. I have no idea how much short interest is in this stock but there is probably some shorts nervous at this point in time. And as for potential buyers, there's many who trade based on technicals alone like you said and the technicals are aligning in favor of UVSE gaining from here given the fact that it has already dropped by -50% several times and is just floating above its MACD cross over point and RSI oversold level. All other indicators also show an increasing trend. And the fact that the upcoming quarterly earnings report will be the FIRST report in which the company reports a profit only adds more favor to having a long position here. Also, we need to realize that the news about the AS increase has already been priced into the stock when it dropped in early July. This stock then took another hit from the Lone Oak news. So we're basically sitting on the floor that rested under it's previous floor of 0.012, and remember, that last time it was at 0.012 it moved up to 0.039. Given that the Lone Oak news AND the AS news only dropped the stock to a lowest low of 0.010 confirms that this is the new and absolute low. Thus it is more probable that UVSE will gain from here.
I am a human being, therefore I make mistakes.
UVSE's Future Chart:
In my opinion, I think UVSE's chart will move similar to NILR's in the near future:
http://stockcharts.com/h-sc/ui?s=nilr
I am a human being, therefore I make mistakes.
yep, still sideways, closing price = 0.0119 with bid returning to 0.011. some buyers probably waiting for announcement of Q2 to buy in before the release and some waiting for post-Q2 confirmation to buy in. And as for those holding since July? Well we just need to sit tight and keep adding to our positions IMO. That's what I will be doing once I sell my VNDA and WAVE tomorrow morning. I should have around 600,000 UVSE by the end of the week.
For the love of Reason, I must reiterate to all readers and posters that an increase of the Authorized shares means JUST THAT: an increase of the AUTHORIZED shares! Authorized shares does not equal or mean the same as Outstanding Shares. The company management has already increased and maxed out outstanding shares, so it is just standard procedure to reset the authorized shares limit higher just in case they need to release more outstanding shares later in the future. But, given that they have just *recently* diluted the hell out of UVSE stock from $2.00 to $1.00 to $0.50 to $0.01, it is highly unlikely that they will release more shares into the open market at the time being. The first share offering and dilution were used to pay off debt, debt they used to grow the business. Now that they have producing wells, the revenue made from these wells can fund further company growth and put food on Bill Raley's table. Those who sold have already exited and priced UVSE down given this potential for an increase of the outstanding shares. But by selling early and by overreacting to the Lone Oak news, sellers have created another low which has been basing and bottoming for three weeks now. Those of us who choose to stay with this stock will be rewarded accordingly and I say this still despite the fact that I have lost -$5,000 in this stock due to the Lone Oak fallout.
P.S. have I mentioned how gorgeous Sara Varone is?
honestly man, there's too many beautiful things in life to enjoy than to stress about things like money and stocks. I really wonder what life is like in the European countries since it appears as though existence in America is far less enjoyable on a day-to-day basis. Oh, and to make this post relevant to UVSE: uh, Bid: 0.0116 Ask: 0.0119 Last: 0.0119 ($): 0.0004 Vol: 5,780,640, 10Q is due August 15th, management projects cash-positive Q2 earnings, strap yourselves in for a R-R-Rocket ride, etc. etc.
A solution to all your UVSE anxieties:
I confess, I have been obsessed about UVSE, but I have found a solution to my anxieties which I shall share with anyone else who needs such distraction and alleviation from the uncertainty that is Universal Energy Corp. Behold, Sara Varone:
Wait, wait, what is that, is that..is that...UVSE...in the..green? what??
As noted here on this board, just because the 10Q is due on August 15th does not necessarily mean that they will release it on or before August 15th; it may be released late as noted by mimmurray and DD2win so we will just have to wait and see. Raley makes it sound as though there will be a string of several PR releases to come within the next few weeks, so I will be taking it slower with the energy drinks, the coke lines and the prostitutes so as not to get too excited and panicky. How does someone afford so many energy drinks, coke lines and prostitutes while holding $8000 worth of UVSE stock? Two words: student loans.
Billy Raley's E-Mail Reply: 10Q is due August 15th
Here's the e-mail reply I received from Billy Raley when I e-mailed "info@universalenergycorp.info". My apologies for doubting "dick20" when he posted here that the 10Q would be released on August 15th. I just needed confirmation of the authenticity and I got it for myself by e-mailing them myself and adding one more e-mail to the list of annoying e-mails Raley has to reply to. If anyone wants to confirm the authenticity of this e-mail, you can reply to this post with your e-mail address and I will forward the copy to you:
Our filing is due August 15th. We will be making press release regarding Q2 revenues and earlier. PR regarding earnings will come out with filing.
Thanks and be sure to look for the press releases.
Billy Raley
Chief Executive Officer
Universal Energy Corp.
30 Skyline Drive
Lake Mary, Fl. 32746
T - 800.975.2076
C - 407.562.8162
F - 800.805.4561
braley@universalenergycorp.info
-----Original Message-----
From: nbien@ucsd.edu [mailto:nbien@ucsd.edu]
Sent: Wednesday, August 06, 2008 1:42 PM
To: info@universalenergycorp.info
Subject: 10Q Release Date
Hello,
I am a shareholder and would like to inquire about when the next 10Q will be released. Thank you.
Regards,
Ben Bien
Oh and another thing, I legitimately question the authenticity of anyone reproducing an e-mail they received from the CEO on the grounds that the CEO should not be leaking information through e-mails anyway. Anything that he has to report about the company must be reported first through a public method such as a PR release and only confirmed later through direct correspondence. For the CEO to say through an e-mail that the 10Q will come out on August 15th without having first released this news publically is considered illegal. That is why I f'ing questioned the authenticity of the e-mail and that is why I wanted him to forward it to me. But you know what, thanks to this little misunderstanding here, DD2WIN will get his wish and I will never participate in InvestorsHub boards ever again after today. I now see that these boards are filled with none other than ignorant, unjustified speculation and so I waste my time here no further.
Ouch, DD2win.
Anyway, I have tried calling the company to no avail, but I only wanted to speak to someone who works for the company and not the CEO or CFO themselves. The reason why I do not want to e-mail them is because I know they are busy people. They are business owners and their main priority is maintaining and growing their business; they are not here to satisfy every little shareholder inquiry or complaint--that is for the PR firm to take care of. So that is why I do not want to e-mail them myself: I do not want to bother them because I know that others are currently e-mailing them too. So I figured that if I could receive a forwarded email from someone else who successfully e-mailed the CEO, then that would avoid my having to e-mail them and thus add another person they need to respond to. I also think that my personal holding in UVSE stock is far too insignificant TO THEM for me to e-mail them. So I made the judgment not to e-mail them myself on those grounds. There is no work that needs to be put in to e-mail someone, yet you make it sound like I am scared or lazy to do it myself. If you do not want to read my posts, then don't. Click ignore. Petition Ihub to ban me. It's your choice. I am not arousing panic or anything---far from it. If you have read my posts here since the beginning of July I have only used reason to think through this stock's direction and I have used humor to relate my own obsession with the stock to others because I know that others are questioning whether they should still be in this as I am as well. I only reply to your remarks for the benefit of continuing the discussion, but in terms of your negative remarks I can really care less. You all are nothing but screen names to me, so why does it matter?
thanks for that, but how do we know that his response was authentic? can you forward the e-mail to me? here's my e-mail address: philosothinker@gmail.com. Thanks a lot! Please do not take my doubt the wrong way, I doubt everything and I just want to make sure that the 10Q is coming on August 15th! My entire life savings is riding on UVSE. If you can forward that e-mail to me at philosothinker@gmail.com that would be most fantastic, thank you.
A blood vessel somewhere in my cortex just burstedededed from thinking about all of your 'what ifs' and how it would be a perfect storm to see UVSE jump 1000% in one month, making me the youngest multi-thousandnaire in a 5 mile radius. yes, it is always about me. i need money. i'm hungry for profits.
Come on UVSE, nice and slow baby. Nice and slow. You know how I like it...
heh, you know I'll be here sitting in my dark, dirty apartment watching every tick UVSE makes. But I'm not willing to hold out hope any more. I have become...hopeless. It was hope that kept me in UVSE beyond the third week of July. I even said that I would sell and get out on July 25th if no news came in about Lone Oak. The dry Lone Oak well was a big disappointment and sent UVSE back down. Will it recover? I do not know. But I am willing to bet that it will at least rebound slightly from here. All we need are some signs of life by means of the Q2 earnings release and we shall be okay. I used to think 0.02 was the support floor, and I was wrong. Now I think that 0.010 is the support floor; will I be wrong again?
what if the ship does not sail? then i'd be doubly in peril. oh well, what's the worst that can happen? getting bad credit? i'm a 20 year old wannabe philosopher, what do i need with a house or car? i'm fine with living on the streets with 470,000 UVSE shares in my account. maybe in 2020 it will finally take off.
hey you caught that news pretty quickly too, even before it showed up on Google Finance. What's your source? what do you use? Let me know, I'm a fellow day-trader too. Thanks!
Predictions of Today's Close?
I'll guess that we close at 0.012 based on the observation that there appears to be some intraday resistance around 0.013. Breaking that 0.013 point will be crucial for UVSE to regain attention on the OTCBB boards and in the eyes of flippers.
Bid: 0.012 x Ask: 0.0125
yep, but no date yet? I think the next fluffy PR will have the company announcing the Q2 date, and you're right, it will probably be after the August 20th meeting, and then the earnings report will come out and UVSE will trade back to at least 0.03. This will all take a while of course, probably culminating at the end of August 2008. Piece of sheet man I can't wait that long I need to pay rent! I had the expectation that I would be rolling in a pile of money by now after the successful Lone Oak drilling but oh brother was I wrong.
Why would there be another PR? What other news could be pending besides the recent Caviar pipelines? I think it's best not to be hopeful and to try to remain objective. So what we need next is not another fluffy PR with no numbers, because those will only drive tiny jumps like today. What we need is an earnings report that confirms UVSE's ability to finally turn a profit. It is only after a strong earnings report will the momo return. Then, George Lucas will have to contact UVSE to film the next greatest saga:
UVSE Part 1 - Lone Oak: A New Hope
UVSE Part 2 - Inflation Strikes Back
UVSE Part 3 - The Return of the Momo
good god I'm losing my mind over this UVSE...
BID 0.0121 x 0.0129 ASK
I like the spread here, with the ask greatly outpacing the bid, looks like there are still some longs holding who bought in around 0.02 to 0.015 and some new hands holding UVSE at 0.010 and above. This 0.010 to 0.011 level should be the new floor for now. If we think about it further, it is plausible that the pending vote to increase AS shares has already been priced into UVSE as well as the failed Lone Oak well. The stock is now basing at 0.010 to 0.011 and would need significantly terrible news to sink lower. But considering that two pieces of terrible news and also recent dilution has already sank this stock, it is less probable for it to go lower beyond 0.010. The threat of future dilution due to an AS increase and thus an OS increase has already been factored in when people sold back in July. Now the ASK side consists of people who held before the Lone Oak news and lost some money and those who bought in after the Lone Oak news and hold shares around 0.010 to 0.015. It will only take a strong earnings report and some more small PRs to drive this stock higher. By the way, does anyone know when UVSE's Q2 earnings will be released? I haven't been able to find the date.
yes, my personal strategy is buy stocks that have tanked 40-50% in a day to profit from the rebound. With UVSE, it did in fact rebound after its July 28th collapse, but it reaffirmed a bottom at 0.010 throughout last week and so that is why I set a limit order to buy over the weekend at 0.0105 and luckily it got filled. Trading is an on-going learning experience and even the best look back with hindsight and say shoulda-woulda-coulda. The key is to recognize the patterns and just make the bet because there's no such thing as knowing what will happen in the next few seconds, minutes, hours or days.
finally, some cotdamned green after last week's bleak, bleak dropage. We all need to factor in the pullback occurring at the macroeconomic level with regard to oil and gas pricing: oil futures are down -3.77% this morning and nat. gas is down -7%. These numbers are huge in relation to UVSE, considering Univ. Energy's production consists of 80% natural gas and 20% oil. As the oil and gas run takes a dive, so have the oil and gas producers, a set which includes UVSE. UVSE isn't the only one in decline, check the entire oil and gas industry. My fellow longs, strap yourselves in a rough ride back to 0.02, it will take a while. I bought 100K more this morning at $0.0105, now sitting on 471386 shares.
ahhhharrg, my funds haven't settled yet so I've got no chips to play with. I plan to buy about 110,000 UVSE at 0.010 if I can. Anyone have thoughts on the matter? Are we longs doomed? Or is the "night darkest before the dawn", as stated in Batman: The Dark Knight?
I'd like to retire at 21 and spend the rest of my life studying philosophy. How feasible is that, do you think? haha, I appreciate your response though.
No, I have not sold yet, I'm getting ready to add more to my position if UVSE touches 0.01. weeeeee, what a ride.
No, I have not sold yet. I plan to put an additional $2000 worth of chips back on the table, and by table I mean UVSE. You're right, you haven't lost anything until you sell and pull all of your money out of your account. I am a resilient trader.
About my losses, I lost about $4000 in UVSE so far and it looks like it's still going down. I really am deciding on how high a window to jump out of today. I'm thinking a nice 50th story leap would do the trick?
WHEN ARE Q2 Earnings??
Does anyone know when the Q2 earnings report will be released?? I have looked around and could not find the date! Please let me know either through a public reply or a private message, thank you. My life hangs in the balance after Univ. Energy posted that Noose News. I call it NOOSE NEWS because it's the kind of news that makes you want to slip a noose around your neck. Let me know if anyone knows the Q2 earnings date because that's my last hope of selling this stock above $0.010. I really am devastated right now.