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This has got to help.....
Too many restrictions, like holding up news releases is only going to piss off the companies from coming in and bidding.. The North African countries need outsider to show them the way to San Jose.
http://www.reuters.com/article/marketsNews/idAFLR65826520090727?rpc=44
The truth is........................
When the market maker spreads the ask and bid by some 25% he has no REAL buyers or seller... Who would want to sell this close to zero and on the other side of the coin, no one wants to step and buy something with a spread like that... If your not in you wait, if your in you don't sell and wait.. So we wait...
The market maker may not even be a person(s) on this stock, it could just be a software driven MM...
The saying goes.... "Never sell a dull stock short"
Right now we have the dullest one on any exchange..
Hey Rich,,, I overlaid the AXGC chart with the price of oil chart and the rarely track each other... And as far as a pink sheet stock following the Dow or S&P, that rarely happens...
IMHO this company/stock is going to need news or a recommendation to get going...
The quiet before the Storm....
I did find news on AXGC... It showed up on:
Advisor FYI Alerts
07/17/09 Institutional holdings of AXGC increased significantly
Aris Wealth Management recently doubled their position from 63,000 shares to 126,000 shares...
So either they averaged down or they believe something is going to happen soon..
July 22, 2009---NOC sales negotiations committee's meeting with companies today.....
http://www.libyaninvestment.com/libya_noc_libya.php
Anyone find any results on this meeting?
I'm Selling my AAPL stock in the afterhours right now...
To line the cash up for AXGC in the morning.
I love a good Circus
The Pig's Point....................
I forgot to Point out that VNX news will break before any AXGC news... Expect price movement in AXGC on the same day VNX news breaks..
That will be the first leg up...
Libya says it will either allow the CNPC deal to go forward; deny it on the basis of national interests; or purchase Verenex itself, invoking a clause in Verenex's drilling contract with Libya that allows the state to take over a deal if it sees fit.
"All things are under consideration and we hope to reach a decision by August, if not before," said Shokri Ghanem, head of Libya's national oil company.
ABOVE NEWS IS FROM VNX.....
I grabbed this from the Verenex news release, because Shokri words are in quotations and you know the "HEAD OF THE LIBYA NATIONAL OIL COMPANY" is a man of his words..
This is the reason for the flood gate of news not being released from Libya... Back in Feb. when they were shock by the China deal, they put the brakes on all news coming out of NOC and any related news...
Well Gentlemen, and I use that term loosely, it's time to open up these "Flood Gate" and let the news flow as well as the Oil.
The man is quoted at saying on or before August...
The Pig has just gotten back from the Circus
Welcome to the Circus.................
A buy order of 1000 at the market before the close would put this thing in the Plus for the day...
The market maker has got to realize that bringing the price that far down gets him no action...
It's like saying, I can't wait to sell at zero or close to it.
No action is going to happen below a buck.
Bozo the Clown for a market maker.....
This has got to be the funniest market maker on all the stock exchanges... Maker Makers should support a stock when there is no buyers and sell his shares at times of too much strength..
At least keep a ask and bid on low volume..
That's why they are called "market makers"
This is the first time I have ever seen a stock change 25% in price on 200 shares.
It's like being at a carnival with Bozo the Clown...
Okay MR. Crunch.... The war is over, we are here for the same success... Basically it sucks waiting for news and that's the only thing that propels these pinky's...
I won't talk technicals again with AXGC
I'm on this train and will ride it with you!
GO AXIS!
The PIG is here for the offering!
Basically Pinky's don't move without news....
I was just having fun with the nice chart developing... And the truth is the market makers make or break the chart...
The chart is nice and it is meaningless!
The PIG!
Well, You must be right... You have been saying news or it's coming since 2006. As a matter of fact you started this link.. If you read the post, it stated that technical analyst generally doesn't pan out on pinky's...
That means they don't have volume or a following to pan out...
When you stop and look at it in detail referring to the technicals... The stock based out about the 60 cent range for about 5 months, then made a bullish move to above $1 and pulled back to the 80 to 85 cent range for a few month before it's next leg up to the 1.50 mark and has had it's pull back to about 1.20 and has been building a base around here for 2 month... Not many shares have been bought below 1.20 even though you see spikes... I have not been able to buy any below that mark for a month or so... So the next leg up it coming due, if it is news that drives it, I will never know... But we are within a few weeks of a move down or up... One thing I noticed about this share price over the last 5 years, most of the big moves up were followed by a spike down... Almost as if it was shaking out the weak holders before the big move up... Not sure if that will happen this time, but we do have a nice base being built in this $1.20 area.
But remember technicals don't always pan out with pinkys..
AXIS news related to Libya..............
.............
Can anyone on this message board find a news release that ties AXIS energy to Libya in any way?
I find alot of news releases with Verenex and Libya
I find alot of other companies connected to Libya..
But not one news release exist that connects Libya and AXIS
http://energy.ihs.com/News/published-articles/articles/libya-land-emerging-opportunities.htm
http://www.verenexenergy.com/operations/libya.html
The Pig is getting a feeling............
...............
Oink, Oink the pork is getting that feeling...
We all know the news coming out of the NOC has been stalled, why???
No one seems to know why...
I'm a firm believer the AXGC news as well as the rest of the concessions have been stalled by this Verenex Surprise deal back in Feb... When you read into that Verenex news release they plan on an answer before August... Once that is out of the way the pearly gates will open...
The Pig's gut feeling is before August...
http://online.wsj.com/article/SB124743808069129481.html
.............
I can feel it coming... News before August on AXGC...
$7 per share before you know it.
Something may be stirring...
15,000 shares in the first half hour.
Monday and Tuesday will be a big oil day...
Sell Now.... and you will be
Selling just before the breakout..
Any move above 1.40 and we are going to get some giddy-up..
Any move above 1.40 in the next day or two
This baby is going to get some giddy-up...
Sorry kearmjs
I don't think we are looking at the same chart... I'm looking at a chart that is basically sitting very close to it's 52 week highs that won't let me buy anymore below 130...
What Happened to Straight UP.........
Well guess we won't have every day up the rest of the year. Perfectly normal to go up on high volume and have your pull backs on lighter volume.. Someone who doesn't know how to trade got caught today... They probably put a market order to sell on a pinky and that a big no-no... When you buy pinkys and sell pinkys, you always need to use limit orders... So we say godbye to that weak holder who left us today... In the $2 to $3 range before the end of next week...
The Pig has come out of the slop and spoken..
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