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as of 4/31?
is this a fortune telling short position indicator you found?
there is a massive short position on the stock, i would probably say about 3 million shares. that doesnt count the last 11 days where a lot of short accumulation has occured.
you wont be learning much, im getting censored on this board for some reason, because i speak the truth. theres a difference between insulting someone and clearly just stating the facts.
facts here are that this "advice" is just all negative, and congrats on this really shitty stock that its called just opened 5 cents up before trading even started.
i mean, this stock had over 3 million in volume everyday, trades at 1.80. you are talking about 5-6million dollars going through this thing, thats just crazy for a penny stock.
im not married to the company, i buy and sell, but if you got shares you were emotionally attached too, your mood would be through the roof cause you would constantly see a profit.
if you are gonna take a lesson, just look at the things ive said, ive pretty much been correct about this stock the entire time and have had to constantly battle the unnecessary negativity just because they do marketing.
regardless, do your own DD, congrats on your gains, and keep making money.
just because its marketing doesnt make it not true.
everyone is upset they are missing opportunities with this stock, conclude your own opinions.
yup,seems like drilling and producing is in the near future.
heres a write up i got about it for friday
"UTOG came out of the gate strong in the morning and appeared set to close green for the day until the stock literally got slammed by the shorts.
In our opinion, this was clearly a coordinated attack by the market makers. If you were watching your Level 2, you could see them lining up just before 3:00 EST and then working together to take the stock down in what could only be described as a team effort.
What's worse, UnionTown had the unfortunate timing to release positive news directly into the face of the relentless shorting.
As we have been expecting, the company announced the completion of its acquisition of the New Miami property, increasing its recoverable oils reserve by about 25%. Read the entire press release here.
This is great news for UTOG. Common sense would dictate that the share price should have strengthened as a result. And, indeed, we believe it will over time. But the short selling was so massive that it negated the news in the near term and drove the price down for a 21% pullback on the day.
Ladies and gentlemen, give this one to the shorts. But mark our words, we continue to believe that UTOG will be a successful oil and gas company over the long term – and so will the shareholders who rally behind them.
Many of you will or have already encountered the naysayers on blogs and chat rooms who have been questioning UTOG over the past several weeks. UTOG is quickly becoming one of the most discussed stocks. And why not with over 2,800 trades on Friday alone. With this type of liquidity, one would expect swings in share price, and in our opinion, create buying opportunities for savvy long term investors.
But, respectfully to the naysayers, we believe you are overlooking the company's accomplishments in a very short period of time and the positive long-term growth potential.
Here, as we see them, are UTOG's core strengths:
1. UTOG now owns two oil and gas properties with estimated recoverable oil and gas reserves exceeding 12.8 million barrels.
2. The company has stated that it is moving ahead immediately with work-plans on both properties to begin producing oil and generating cash flow.
3. UTOG announced 10 days ago that it has advanced a down payment on a third acquisition, and it has stated also that it has a pipeline of additional acquisitions in development.
4. In just three months, UTOG has risen from obscurity to become the most talked about energy stock of 2011.
5. Do the math: 12.8 million barrels of recoverable reserves x $100 per barrel = $1.28 billion! UTOG has only 215 million shares outstanding. $1.28 billion / 215 million... that's well over $5.00 per share.
6. As part of the Musselshell deal, the leaseholder negotiated the option to buy 10 million shares at $3.00 over the next 5 years! What does this tell you about where price is headed?
7. UnionTown announced a private placement on March 23, 2011 for 1 million shares at $2.50 per share. Again, this tells us that the price is going up.
8. Incredible management. Darren Stevenson drove a billion dollars in business for Royal Dutch Shell before recently joining UnionTown as President and CEO.
One thing is certain, there has never been a better time to be in the oil and gas business here in America. The recent discovery of vast oil and gas reserves in shale deposits on the continental United States, coupled with strong political support for domestic drilling and production, makes it a no brainer in our opinion.
We firmly maintain our belief that UTOG is currently undervalued given the expansion of its oil and gas resources. "
you keep laughing buddy, and ill keep counting the money.
this is just a market correction. i said numerous times that this would happen and the price wouldnt keep going up(my last post, post #232 and another post i dont feel like looking that far back), i was out at 2 27, i made my profit from when i got back in for the third time at 1.55, i also bought back in at 1.85 for the fourth time. i literally just keep making money on this stock. friday is always when most of the profit taking occurs, there is no way i have lost my faith in this company. i took another large position on it today, i think that this stock will find its balance on monday quietly, that could be slighly higher or slightly lower, however next week i think we should see higher gains again back to the high 2$ levels and even perhaps in the 3's. it has been following this exact pattern before. 87 then up all the way to 2 60, then down to 1 50ish then back to 2 30, and now i believe about 1 60 or 1 70, then from there, i think it could have strong push to the high 2's. thats the pattern of this stock, thats what ive been banking on, and making bank on as well.
i knew all the genius guys would pour in today, but im not hiding when it goes down, the way they did when it was going up, its a penny stock guys, dont forget that, it is gonna be a little volatile. it could easily hit stop loss orders on its way down as im sure it did. but this correction should balance monday/tuesday, and with more news such as another closing, or something about them getting to producing should make for another great run.
now, lets have everyone bash me. *cough*fla*cough*ppo
everyday i make money on this thing, and for some reason just cause some guy (the only guy) on here is trying to tell me its not a good company, im supposed to cash out?
dont listen to this guy people, dont listen to me either, develop your own opinion no doubt, but when you are looking at this chart, its just a monster and it shows no signs of slowing down. It seems extremely likely that they will continue to acquire, develop, and produce despite what their 8k says, they will release a 10k with much more assets etc. do you i think it will go up forever? no. but if you just look at the facts, ive been correct about everything i said, and those anticipating the opposite have been dead wrong. at the end of the day, we arent trying to marry this company, we just wanna make money, and for pretty much everybody, utog has been doing that. i see no reason to bash the stock, but when i see someone so negative against the thing, i cant help but take offense because my portfolio is up 10's of thousands of dollars and i just cant seem to get why someone is sooo pissed.
seriously flappo, you are talking to people who invest on the OTCBB, to think that we operate assuming there is no risk in junior companies is offensive to say the least. we all know that there is risk with these companies, thats why we arent on the NYSE.
not only that, but you are talking to people who have made good gains on this company, im really sorry that you are such a hater and you didnt convince yourself to take a position, and now its too late for you to make any significant profit so all you can do is get mad at the people who did.
this company will continue to prove itself, and you will continue to vent out at all of us for not participating.
if you are done bashing, im sure the rest of us are done listening to your BS.
thanks for your concern, but my portfolio speaks for itself.
those are not buys, those are brokerage houses keeping the volume to themselves till after market close so that they dont disclose true volume during trading.
"We're compelled to point out the clear manipulation of UTOG's price during today's session by market makers and to alert investors as to why it was a positive sign.
If you haven't already, have a look at the huge trading volume on UTOG put through in the 20 minutes after market close. Nearly half the day's transactions would appear to have occurred during this short interval, rather than during normal market hours.
In our experience, this kind of after-market activity indicates one thing: the market makers were caught short when positive company news hit the wire and buyers began jumping into the stock. When this happens, their defensive move is to hold orders in-house until after the market closes in order to conceal the actual volume level during the day. In doing so, they make it appear as though trading interest in the stock is slow and low.
This tactic can obviously have a dampening effect on price, at least in the short term. But the excellent news for UTOG investors is that, despite their best efforts, the market makers failed miserably."
if you lacked morals, you coulda made more money, and not had to go doing DD on other companies.haha
here a write up i got for todays trading
"
The market loved the news, driving the stock price up $0.24 - an increase of more than 14% - on 2.8 million shares. UTOG closed the day strong at $1.94, just off the high of the day, which is very bullish indicator for tomorrow!
Congratulations to all those who profited from today's move.
But... we believe this is just the beginning of the uptrend.
This American up-and-coming shale oil and gas producer is going places and will present many opportunities almost daily for investors and day traders to make money.
Below, we'll review of todays trading activity and provide our analysis, but first, here are the 7 key reasons we believe UTOG should be on everyone's radar:
Completion of the Musselshell acquisition.
Two additional acquisition properties in advanced stages of negotiation, with cash deposits already transferred.
An estimated 12.8 million recoverable barrels of oil in just two of those three properties (we can't wait until the resource details are announced about the third property!)
Do the math: 12.8 million barrels of recoverable reserves x $100 per barrel = $1.28 billion! UTOG has only 215 million shares outstanding. $1.28 billion / 215 million... that's well over $5.00
As part of the Musselshell deal, the leaseholder negotiated the option to buy 10 million shares at $3.00 over the next 5 years! What does this tell you about where price is headed?
UnionTown announced a private placement on March 23, 2011 for 1 million shares at $2.50 apiece. Again, this tells us price is going up.
Incredible management. Darren Stevenson drove a billion dollars in business for Royal Dutch Shell before recently joining UnionTown as President and CEO.
We continue to believe that UTOG is significantly undervalued at current prices. If you havent already, drop UTOG onto your ticker screener and radar this stock today.
We are long and strong on UTOG.
Todays Trading Review:
We're compelled to point out the clear manipulation of UTOG's price during today's session by market makers and to alert investors as to why it was a positive sign.
If you haven't already, have a look at the huge trading volume on UTOG put through in the 20 minutes after market close. Nearly half the day's transactions would appear to have occurred during this short interval, rather than during normal market hours.
In our experience, this kind of after-market activity indicates one thing: the market makers were caught short when positive company news hit the wire and buyers began jumping into the stock. When this happens, their defensive move is to hold orders in-house until after the market closes in order to conceal the actual volume level during the day. In doing so, they make it appear as though trading interest in the stock is slow and low.
This tactic can obviously have a dampening effect on price, at least in the short term. But the excellent news for UTOG investors is that, despite their best efforts, the market makers failed miserably.
UTOG rose $0.24 and posted a double-digit price percentage gain!
We understand that market makers are suspicious of fast rising micro-cap stocks. After all, many of these stock are pump and dumps with no sustaining power.
But UnionTown is not in that camp. Today's acquisition announcement was a direct rebuttal to the stock's naysayers in newsletters and message boards. We believe it removes all doubt about UTOG's intention to build a real oil company with actual resources in the ground and cash-flow-generating production.
UnionTown has already announced two addition property acquisitions. Would you be willing to bet against them? In our opinion, the close of these deals and others that CEO Stevenson has said are in the pipeline could easily lead UTOG to double and triple in price. "
look like they have a lot of fight left.
good idea
feelin better?
hate to say i told you so, but on the other hand, i told you so.
looks like something is gonna happen. its now up.
yeah, thats what i suspect, i mean , the company has been so solid releasing news and everything, i just dont get why someone could be so against it, of course unless they lost money, then that makes sense. but hes saying they have to close for him to be interested in a position, so, it seems to me he isnt even an investor, just someone mad that the stock performed so well.
so, if they close a property this week, will you stop acting like this company is just trying to hoax everyone by advertising and putting non refundable deposits on a bunch of properties?
what kinda company is gonna be putting down non refundable deposits all day long and not close on anything... wtf, does that make sense to anyone?
you are gonna be one upset panicked seller regretting you didnt wait till next week IMO.
just got a write up on this company
"
So go ahead and put UTOG on your stock screener now and get ready for Monday, because we are expecting one… BIG WEEK AHEAD!
Remember, just two weeks ago UTOG announced a private placement of 1 million shares at a price of $2.50 per share. Based on this, we feel confident in anticipating the stock will rebound at the very least to its recent high of $2.60 – and we believe this will happen fast as the market digests the very recent news and acquisitions.
In addition, UnionTown stated two weeks ago that it had a pipeline of potential acquisitions on the go, and last week it followed up by issuing announcements on two new oil and gas properties!
We firmly believe that UTOG is currently way undervalued given the expansion of its oil and gas resources. Look for early movers this week who accumulate the stock to be greatly rewarded!
Increased Share Price Projection
It's exciting to see this Montana oil-and-gas company moving forward aggressively with its growth plan.
One of its new acquisitions, the New Miami property in northern Montana, contains an estimated 2.4 million recoverable barrels of oil. Details on the second acquisition have yet to be released.
But if we focus just on New Miami and combine its 2.5 million barrels of recoverable oil with the 10.4 million barrels of recoverable oil previously announced for the Musselshell property, UnionTown is already sitting on 12.8 million barrels of oil!
At a conservative spot price of $100 per barrel, the company's valuation would be nearly $1.3 billion. Given that UTOG has only 214,500,000 shares outstanding, the company would appear to have a base share projection of more than $5.90 per share. That's more than 3 times the current share price of $1.68!
Sure this is not how share price is typically calculated, but it illustrates that UTOG is bargain priced at this level and likely to rocket substantially higher in the very near future.
Based on UnionTown's outstanding track record for communicating regularly with its shareholders, we're looking for the company to come out with more news next week about its 3rd property acquisition.
What we know to date about the acquisition, which was announced this past Friday, is that UnionTown has demonstrated its commitment by putting a down payment of $100,000 toward the purchase price.
The speed with which this up-and-coming oil and gas company is acquiring properties is noteworthy. It's moved on 3 deals in the space of only 6 weeks. This tells us that UnionTown has done its homework, knows what it wants and knows how to get it. The ability to move quickly to put a stake ground when acquisition opportunities arise has always been an important success factor in the oil and gas business"
looks like theres some stuff thats gonna be going down next week.
I believe terry is no longer the CEO.It is now Darren Stevenson
I dont think this is a short term gainer, but i do think that you will have plenty of chances to swing trade it. Regardless, there's just too much stuff going on here and too much stability (at the 1.60-1.70 levels) to really sell it without waiting to see how it plays out further IMO.
this is ridiculous. what kind of P&D lasts 3 weeks, especially one that looks like it has a lot of news still left to give? I truly believe the naysayers are dead wrong about this company, and I'm sure they will have some good news for us next week that will prove my point. They will have an updated 10q I'm sure, with more than 157$. these are clearly some sour guys who lost money on this stock and dont want anyone else to profit off of it. I think those that hold could be rewarded next week, and those who sell will invest in a time machine.
well heres my BOM:
you have got to be the most dull person, what kinda response is that?
they are definitely acquiring property. and I dont think these guys will remain on the OTC for much longer. maybe a couple more months and they could be seeing a new market like TSX or AMEX. If you hold on to this stock, you will be rewarded.
and now the EOM.
i feel like that is inevitable.
i feel like that is inevitable.
Usually when they spend so much money, its not for short term. I dont think what you are saying is correct, and they have multiple properties waiting to close, as well as recovering the oil, thats a big deal here and shouldnt be overlooked. regardless, if it was all downhill from here, it wouldnt be up 11 cents.
ok, so what? there are 10's of thousands of public companies, how else is a little guy doing big things supposed to get noticed? companies do promotions to raise money through awareness in order to fund current projects. nothing wrong with that. i dont see this stock as a p&d, looks like its here to stay for awhile.
at least they arent lying.
they obviously need to say something about the property. It takes time to do some tests, which they will do and put out exact numbers. At least they arent playing games or bending the truth and are waiting to come out with correct information. another reason why i think this company shouldnt have any trouble with the SEC.
they are selling stock to finance their operations, such as drilling. once they become producing, all of this will make sense, and i have a really strong feeling they will considered all the PR coming out.
company is starting to receive revenues, at this price could be a really good buy assuming they have been quiet for so long to come out with some good news.
they have a new CEO, I dont understand why they would get suspended. If the company is conducting true operations and just decided to market to get their name out there and raise funds for all the oil projects they want to do, theres nothing wrong with that. I mean, microcap companies go up and down like this all the time. The only time they had some property that was controversial was the jayhawk energy property, and they didnt even go through with it when they found out it wasnt what they expected. I dont know, I of course appreciate your view of things, but I dont share them.
thats understandable, but i think if you wait it out and dont stress so much about it, you can be in an even better position, if you see a dip, take advantage and bring your average down lower because the market for this stock is so liquid, getting in and out is no problem. other then that, something tells me this company just has a bunch of stuff left to do.
the stock has a lot of room for growth,you guys should not be stressing out. It seems like whoever is doing this, is in it for the long haul. The price being so high is way to attractive for shorters at this point. Although you wouldnt hold most penny stocks, this one seems like a good one to do that on. I have read all 120 posts about this company, I have invested huge money in this thing at 90 cents, traded it off at 1.70, bought back in at 2, traded out, and now im going to get back in again. They seem like they have huge properties to acquire, and could become producing very soon. They are also making things really difficult for the shorts, and if they found a hedge fund type investor to scare off the shorts, theres no telling where this stock can go. I think 5 dollars is a reasonable price target to be honest. I dont think this company will stay on the OTCBB for long.