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yeah I've been checking the maps, it looks distant from the fields, but my concern is whether it will shift closer to our precious UVSE-related locations. I could care less about the Texans, they had their chance to move the hell out there.
yes, but hurricanes tend to move don't they?
anyone else worried about the massive hurricane that's annihilating Southern Texas right now?
Here's the news:
http://www.bloomberg.com/apps/news?pid=20601086&sid=aLzFelkg17W0&refer=latin_america
http://news.yahoo.com/s/ap/20080723/ap_on_re_us/tropical_weather
PR is due any day now, it has been 10 days since Lone Oak drilling was supposed to be finished and so now they must be done if not near done with data collection. We should hear a confirmation about this project tomorrow at the earliest and Friday at the latest, but any later delay and this stock will move starkly lower since it is floating mainly on news right now. ClayTrader's Video Chart nicely shows a high correlation between the general trend line and the MACD crossover. He does make a good point that UVSE's volume is not quite strong enough yet, and so if this runs it will need to run on a catalyst news--the Lone Oak PR release. To be safe, I am willing to exit this position as early as this Friday if UVSE does not release details about Lone Oak by then, but I am willing to hold until at least the end of July.
Yes, yes I can say GAPPER: Gapper is spelled: U-V-S-E, for after today Merriam-Webster has stated that UVSE is synonymous with gapper. ah god I'm all out of witty comments for today, toodles my fellow longs, and remember: before you got bed, pray to Jesus/Allah/Muhammed/Buddha/God for:
1.) a Lone Oak PR release
2.) Crude Oil and Natural Gas futures to skyrocket in pricing
3.) a War with Iran, cutting the U.S. off of oil supplies and thus having our electricity grid rely more heavily on natural gas energy.
4.) Boone Pickens to report on CNBC about reaching peak oil at a global level.
5.) a hurricane-free summer
weeeeeeeeeee, is that enough? has that covered all of our bases?
yep, see you all at the close, I've got books to read and lectures to attend. got my fill of obsessing over UVSE for today, kinda tired of it now and I just want this to move already as I'm sure all of us do.
nice of you to speculate, 4keywest, but my intention is to sell by the end of July at the very latest and I would not hold this stock further due to the fact that I am incredibly impatient (check my covestor records if you do not believe me). I rarely hold stocks long and before entering this UVSE position I was swing trading other POS pennies such as HTOG and QMNM for quick gains. I am only staying in UVSE in anticipation of Lone Oak and I will get out promptly before the close of July. You will not see me here after that, at least not on this board. I am fine with selling at a loss if need be, because as you correctly observed, there are plenty of other potential trades out there.
I am a human being, therefore I make mistakes.
haha, yeah it's always the image of an overweight loser that people picture when we're talking about depressing sitting-on-the-floor-at-3 A.M. cases; it's rare to picture a pretty boy model or something, but i am neither. anyway, I'm only so obsessed with UVSE because I have all of my money in it, and I could've sold it twice for some huge gains since first buying in on July 3rd. Now you know the root of my obsession. I'm not even losing money in the position, but just my sanity. This stock has been stuck in purgatory since July 3rd and I have been stuck there with it.
haha, you don't even know what I look like so hopefully it wasn't too offensive to picture the general image of 'just some guy' in his tighty whiteys staring listlessly at his carpet as he waits for his UVSE position to finally pay off.
nope, Honda also has a natural gas powered car, see link below. Natural gas cars are used all over at where I go to school here in San Diego, and all of our city buses as well as university buses run on natural gas. natural gas is far more abundant in the U.S. and it can also be pipelined in from Mexico and Canada, which also have high reserves of natural gas. In terms of coal and natural gas, the U.S. has enough energy for at least another 200 years, but because much of our everyday transportation and heating needs rely on crude oil, that is where the problem rests.
I am just pulling information from my memory, so much of what I said can be confirmed through your own research. I took two courses on sustainable energy sources with some very good professors, Dr. Milton Saier Jr. and Dr. Kim Griest if you don't believe me. Oh yeah, and crude oil is far more difficult to use because you have to refine it too, and new U.S. refineries have not been built since the 1970's, so many of them are old and prone to explode.
Link:
http://automobiles.honda.com/civic-sedan/civic-gx.aspx
I am a human being, therefore I make mistakes.
yep, there is a stalemate between buyers and sellers. in other words, bidding quantity is roughly equal to asking quantity, a situation in which very little buying and selling is occurring since buyers are not pushing the stock up and sellers are not pushing it down. This activity can only mean that buyers are waiting on positive news to confirm the outcome before they decide to buy, and sellers are waiting on positive news to confirm the outcome before they decide to sell.
The fact that there is NO strong selling pressure lends evidence to this evidence. Also note that oil and gas futures are down significantly this morning, oil down -3.4% and natural gas down -4.6%. And while the entire energy sector is down -1.79% today as caused by this lowered pricing, UVSE maintains its crucial 0.019 level. The stock price's tentative nature reflects the tentative nature of the Lone Oak well development, and so everything (meaning expectations both positive and negative) has been priced in already by today. Those who sold yesterday based on the July 18th proxy filing contributed to pricing in the potential negative news of dilution, and those who bought it up contributed to pricing in the potential for Lone Oak to be a "company maker". Thus, everything has been priced in, and a confirmation will lead to UVSE's breakout if not an immediate surge up +100% intraday.
haha, yes, that is the plan. Someone on this board once compared UVSE to a tight coil getting compressed and compressed until it can no longer hold and so it must spring out and release all of its energy. Look at UAUA and CHCI as well as PNCL, these have each been sold and sold and sold for months until the bottom was finally reached and it could go no lower. And UAUA posted a huge 2 billion loss today too. So with UVSE, I really do sleep like a baby knowing my money is fairly safe in there, and I say fairly because there is of course downside risk, but the downside risk has reduced day after day when this stock moves lower. Now it is at its lowest possible point. It is analogous to a spring coil, pressed so closely down that it cannot go any further and it can only recoil. We are now at this point and the excitement keeps me up to 3 A.M. every night as I sit in my dark room wearing only my white underwear.
yep, all the brilliant T/A people have been either buying in on these lows or adding to their existing positions. There truly is very weak probability that UVSE will move lower from this point given its current shift in revenues from being unprofitable in 2007 to being profitable in 2008. I am making a quantifiable assertion here, but as it stands my words are qualitatively conceptual based on how UVSE trades liquidly and on considerable volume. All previous shareholders have been waiting for that Lone Oak PR since the beginning of this month, with myself included. And all those new and who bought in recently will also need to stay in the stock or sell for a loss if they leave below 0.020. It is reasonable that many people will sell at 0.03 and 0.04, so those will be the next resistance points. This stock trades like a bigger company listed on the AMEX would, so it will not break through these 0.03 and 0.04 marks easily. There will be severe selling pressure once people seek to get out and move on. I am one such person, because I think I have spent too much time in this stock (I've been in since July 3rd, it is now July 22nd, I've had relationships with girls that lasted fewer days than how many days I've been invested in UVSE!).
Tropical Storm Misses Texas Gulf
Yeeeeeehaw, this storm would have been a disaster for us UVSE longs:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aY2P.mlOAYII&refer=home
boobies. that's all I gots to say. I'm not going to say anything optimistic or pessimistic because it's clearly a waste of time since none of us know what UVSE will do. just play it accordingly. and..boobies.
yes, very strong volume today too, with the pricing level holding at the consistent 0.02 level. we truly are just coasting above the low and this can show its run up as soon as a PR wire is released and given the chain of events it MUST come out this week.
No sir, no questions sir.
A strong close today despite the July 18th filing, the fears, the anxieties, and the lack of data from Lone Oak. I would conclude that every concern has been priced into the stock by now and those holding are truly here for the upsurge back to at least 0.05 to 0.10. I would personally be incredibly happy about 0.05 but I would probably sell part and keep part if there is potential to reach 0.10. We cannot be too optimistic about this, and we cannot be too pessimistic. Both are subjective and based on incomplete information. What we need to do is trade accordingly based on the fluctuations each day.
yes, all of the chips have fallen in our favor here given that the morning sell off has eliminated the pool of weak longs who did not correctly comprehend the July 18th filing. Those who sold this morning must be kicking themselves as UVSE is now priced just below 0.02.
Since every transaction consists in a buyer and a seller. Those who bought in this morning were either opening new positions or adding to their previous positions to lower their cost-averages down. This logically entails that there is now a solid foundation upon which UVSE can truly make its run: this foundation is built up the deductive fact that those who bought in this morning at the low of 0.015 must hold or sell at or above 0.015. And those who added to their existing positions will also be more likely to hold or to sell no more than above 0.015.
This activity finally confirms once and for all that the absolute bottom for the time being, barring any increase of the outstanding shares, will be at 0.015. This means that the risk-reward probabilities greatly favor taking a long position, as the potential downside is at best a return to 0.015, whereas the potential upside could be at most 0.10. With UVSE trading a huge volume, getting maximal attention on this board and other boards, and with the company pending completion of its drilling project at merely one well in a 3000 acre property, the probability that UVSE will gain is substantially high.
Regards,
Ben
I am a human being, therefore I make mistakes.
nat.gas prices are of primary concern here, since Billy Raley (CEO) noted that Universal Energy's production consists of 80% natural gas and 20% crude oil. This fact about the company is actually advantageous to us longs, since it is far more probable for UVSE to strike natural gas than oil, given that there is a higher volume of natural gas than there is oil. Natural gas is located directly above oil reserves or sometimes above coal. And so, if we want to see UVSE continue strong, we will want to see natural gas price higher, which it will likely do given that it moves in tandem with the pricing of oil. The strong return here during mid-day is looking very good. The morning sell off should be at an end by now. Those brilliant enough to buy in at 0.015 can have the luxury of celebrating intraday, while me and my friends with a cost basis of 0.019 or above need to wait on that oh so glorious Lone Oak PR.
hah, yeah that was fast huh? like I observed, UVSE moves like AMEX-sized companies would and so its highly liquid and thus safer to trade compared to very uncertain looking plays like FFGO that trades in disparate blocks.
yep, agreed.
nice, now you are one of us. one of us. ONE OF US. ONE OF US!
oh, in that case then, lurk on! no need to listen to me. I assumed you had a higher average cost-basis.
we foresaw this possibility yesterday and it is playing out just as expected. given the high volume of people on ihub saying the same thing about how there was massive dilution ahead, it was highly probable that other weak longs who misread the filing would think the same. I see this as a great down-tick, since now those who have been sitting on the sidelines--and there are many, given how popular this stock is on boards--can enter their new positions and strengthen the support around 0.015 to 0.020. Remember, every transaction consists in a buy and a sell, so as some fool is exiting his position (probably for a loss too), another brilliant person is buying up shares at 0.015 to 0.018 this morning, either to enter a new position or to lower their cost basis. If I had money this morning--and I didn't--I would have used every penny in my account to load up on more UVSE. Yes, and I am saying this despite the July 18th filing. Why? Because I read, thought about and understood the July 18th filing, especially thanks to discussing it with others on this board. Others who did not understand it just made fear-driven conjectures, such as that one fellow who said something along the lines of "AHHH THIS IS HEADED FOR MASSIVE 1.5 Billion DILUTION GET OUT!!" Ah yes, I remember reading that post and laughing.
nice, cash911, very nice. I'm jealous, my average is 0.019...here's to a very uncertain yet potentially profitable third week of July 2008!
oh, I did not know about such a storm, but yes, the Texas and Louisiana coastline are commonly getting hit with hurricanes and storms, so yes it is not good to own these coastline stocks for a long term.
imshredin2,
were you hoping to get it at 0.015? because it can very well return there or float around 0.017. don't try to get it RIGHT at the bottom because it's highly improbable if UVSE only dips to that level momentarily. So perhaps it would be better to change your order to buy at 0.016 or 0.017, because when UVSE strikes its intraday lows it usually does not hang there for a while, so the window to buy is very narrow. I caught UVSE at 0.017 last time it dipped, and minutes after it went to 0.015 and returned to 0.017, so you cannot be down about missing it at 0.015. It is unreasonable to expect that you will get in right at the IDEAL point. Of course everyone wants to get it at 0.015, but that means many people will set their orders to execute at 0.015, making it harder for each person to get it if there are not enough sellers willing to sell at 0.015. Of course, if there are many sellers willing to sell at 0.015, then that changes the dynamics and you will be able to get a fill. But I don't think that will happen since it is already 11:00 A.M. and much of the morning sell off has already occurred. Those who wanted to sell have probably already done so, given that the volume is already 14 million just 2.5 hrs after market open. Given this reasoning, it is highly improbable for UVSE to return to 0.015 today if the sellers have already been shaken out and if there is pending news about its project that keeps people in or attracts new buyers. But then again, there might still be some late sleepers here on the west coast because it is 8:00 A.M. right now here so it is plausible for some to wake up late and sell. That is always a factor: the west coasters who can't set their alarm clocks for 6:30 A.M.
Volume and momentum favor long positions here once again, the more attention this stock gets the more new buyers we will get at these levels and the higher probability that they will hold and thus the stock will hold. Higher volume necessarily means that this is liquid, and so is not as dangerous to trade as other penny stocks out there such as FFGO. This stock is trading with the float size and volume size as well as the momentum strength of what a company on the Nasdaq or Amex would trade with.
I woke up this morning and I love what I am seeing, even though UVSE is down -20%. You must think beyond the pains of the moment, and think in contrarian terms. Those who saw this down and read the July 18th filing immediately put their sell orders in early, and so further fueled the morning panic. I am willing to speculate that we will see a rebound during mid-day as more people awaken to this sell off as a Buying Opportunity. Those who consulted their Reasoning this morning bought more shares or entered the stock for the first time if they have been on the sidelines, and they will be rewarded even if UVSE moves to 0.020. Someone buying in now or at 0.015 would be up 30% if the moment UVSE returns to 0.020, the pricing level it has consistently held for two weeks even though we had already known about the plans to change the share structure when the company released that devastating PR on July 8th.
Happy Trading,
Ben
I am a human being, therefore I make mistakes.
0.015 appears to be the bottom Support floor, anyone buying in there would have an advantageous entry, and anyone adding to their position there would get it at its lowest low since 0.012. The massive sell off this morning was perpetrated by those who misunderstood the July 18th filing about the 1.5 A/S increase. We here on the board had postulated that this sell off would happen and it is now confirmed. This dip is a buying opportunity and would make a strong long position for at most 4 more weeks until there is real danger of any dilution. Again, I have to reiterate: an increase of the Authorized Shares does not necessarily entail an increase in the Outstanding shares. The company is obligated to do this. The fact that this company's management is fully transparent in its action lends evidence to their integrity given that many other OTCBB or Pink Sheet penny-priced companys would do devious things just to maximize debt at the cost of shareholders. Those who sell today are those who misunderstand these factual observations. I am not a pumper and I am not hyping this stock now. I am in counseling with the faculty of my reasoning and that is why I shall not sell until UVSE shows green all the way.
> UVSE is TOP READ BOARD on InvestorsHub <
Here we go, the Momo is strong with this one:
http://investorshub.advfn.com/boards/most_read.aspx
yeah, I agree, you never know what's going to happen, the downtick could only be a minor one and so selling out entirely would not be good. With UVSE I'm just talking from hindsight but it was a good lesson not to get too attached to a stock or too optimistic about how consistently it will run. Some breakouts occur without any downticks and the chart basically looks like a straight line all the way up, while some show struggles. UVSE has been struggling but I think we just finished a week of consolidation. There will probably be some selling on Monday by people who misread the most recent filing about the 1.5 bil A/S thing, but it's not a big problem since this has proven to hold strength in times of crisis. I like how UVSE held consistently around 0.02 despite the fact that oil/nat. gas futures priced significantly lower in the week that just ended. My comments about trading in and out of UVSE are only made based on the observation that it is always best to maximize your gains by taking profits and getting back in at low points. But of course, all of us remain trapped in the present so it is difficult to discern what will occur in the immediate future. It's a major problem I'm studying in philosophy right now (how our consciousness is trapped in the present) and it really does puzzle the hell out of me.
UVSE ready to show its true RUN UP here fellas, pending news release of its most recent drilling project.
whoa nice, I didn't know this was one of the most read. gotta keep the momo running!
kick back crackerjack, the time will come, but we all need to be patient and quick to buy and sell on the rises and the dips. Do not make the mistake of thinking this will go straight up all the way; there will be up days and down days and it is BEST to trade accordingly rather than to hold all the way. I held half of my position despite making a +100% return when UVSE touched 0.039, so that is the lesson I learned. IF I had sold my entire position that day and bought back in later on when UVSE slumped below 0.020, I would have twice as many shares as I have today! I would have 600,000! So take the lessons we learn from hindsight and don't get attached because even though this may rise to 0.10, there will be slumps along the way to take advantage of.
Monday morning is just another 12 hours away. I can already smell the natural gas, and consequently the huge profits I will see in my account balance. I believe those of us who have shares of UVSE at an average of 0.03 or below are sitting pretty right now. And those who aren't? Hey, Monday might present some downside slump to average down with as people might sell their positions in fear of the July 18th filing.
> UVSE Leaving for Profit City July 21, 2008 <
Boarding Time: 9:30 A.M.
Location: Lone Oak, Texas
Destination: Profit City
Travel Time: 2-5 days
Ticket Cost: 0.022
I am a human being, therefore I make mistakes.
haha, damn, I can't time travel. gotta stick to looking at candlesticks myself then
Yes, your observation about traders flipping this stock is valid, given that UVSE has shown very predictable and clean candlesticks. For those experienced enough and with sufficient capital, they can easily trade in and out of UVSE and they would have caught +100% returns twice when UVSE moved to 0.039 from 0.02 and when it moved to 0.03 from 0.015. As for myself, I violated the Federal Pattern Day Trader Rule at the beginning of July, so that is why I was unable to buy and sell UVSE on its lows and highs, respectively. Thus, I have been holding my UVSE shares since the 3rd of July 2008.
woops, I apologize, I do understand what you meant now that I realize which one of my posts you were responding to. My mistake. Yes, I agree, there is great difficulty in matching the returns of any site or person who makes predictions, because you would have to be able to buy or sell right at those prices. For instance, those of us who frequently visit Timothy Sykes' website sometimes fail to catch when he buys or sells stocks and so our returns are not exactly as great as his. That is why he has a TIMAlerts service, which sends out an e-mail about stocks right when he buys or short-sells, and so in that way it is possible to catch things at similar prices as he does. However, given how fast these penny stocks often surge or tank, I would agree that it is very difficult given the incredibly small time window and our own limited ability to be aware of which stocks are moving.