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ACG, was in Hawaii with the family on vacation. I figured I would login and check in on stuff here and there, but the weather was awesome and the beaches spectacular. I'm back and ready for a run on NVMG ;).
-k
Nice call ACG, EXCS up 25% on the day.
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Added a few million shares of CTTJ at .0003 today. Nice close, she seems poised for a run IMO.
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EXCS chart looking good for a bottom buster. Beauty chart courtesy of ACG:
http://www.investorshub.com/boards/read_msg.asp?message_id=19810469
Haven't added yet, but will be.
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CTTJ a good swing trade in the making. Looks like a good place to enter for a double or more. I've been accumulating.
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Thanks TM. Will watch RGNO and WHKA.
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PMCL, position close out at almost a 200% gain in two days.
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Most definitely Rook. NVMG could quite possibly be setting up for a perfect storm. We are so primed for news with the accumulation the past couple of months and confirmation of share structure. The risk/reward is in favor of the longs at the moment. I think you'll see some of that WRNW money float our way as well.
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jim I completely agree. NVMG is shareholder friendly and the other is not. A lot of lambs have been led to slaughter, very unfortunate. I hope for a positive outcome for all investors in it. As for me and my $$$, they'll be invested right here.
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Good mornin' all. Let's make some moooola.
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Sweet DTB. Hope you made some bank on it.
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That's what I have to learn. Forget the story and play the charts. I guess some where deep down I still believe in the basic goodness of man/woman, ok maybe not the pinky CEO ;).
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I'm making money on my swing trades, now if those dang holds could start moving in the right direction.....I'll be all smiles.
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Bri, PRDM looks sweet. I think were sitting at the bottom on NVMG here or pretty damn close. The CMF is strong and there is some major "stealth" accumulation going on. Share structure confirmed by IR to be intact. She's gonna multi bag from here IMO, it's not if...but when.
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I don't think she goes any lower Rook. News expected in a couple of weeks about rig delivery. This thing could explode if they deliver on it.
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Cool, but you play the technicals and not the fundies, right?
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I banked and made some money today ;).
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Thanks for the detailed analysis Asus.
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NVMG, if she holds the .006 area this week, she runs IMO. We should see a double+ coming our way near term. Rigs are supposedly on the way and should be delivered the 1st or 2nd week of June and the CMF has been on a steady upswing for ~2 months.
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ACG, do you trade all your plays or are there certain setups that you like more than others? Thanks.
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NVMG if she holds the .006 area this week...she runs big IMO. I'm thinking we see a double in the next 2-3 weeks from these levels. Rigs are supposedly on the way and should be delivered the 1st or 2nd week of June and the CMF has been on a steady upswing for ~2 months.
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Good mornin ACG and Bri. Picked up a few shares of PMCL for a chart bottom/swing trade play. Looks like it's setting up for a bit of a run.
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Nice board ASUS. Would love your opinion on the NVMG chart. Some strange divergences there, CMF has been on a major upswing yet the price has been steadily declining. The Share structure hasn't changed either. Thanks.
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LOL. Nice, let's see how many figure that one out ;).
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HA. Is she out of the woods yet? Thanks ACG.
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NVMG Announces Share Buyback Program
Monday May 14, 9:35 am ET
FOREST HILLS, N.Y., May 14 /PRNewswire-FirstCall/ -- Native American Energy Group, Inc. (the "Company," or "NAEG") (Pink Sheets: NVMG - News) today announced that its Board of Directors has resolved to initiate a $250,000 stock repurchase program that it expects to complete over the next several months.
ADVERTISEMENT
The Company is now very clearly focused on executing its expansion strategy. The shares acquired through open market purchases will be retired to treasury for the purpose of executing NAEG's targeted acquisitions, rather than issuing new shares.
Chief Financial Officer, Raj Nanvaan of Native American Energy Group said, "Today's announcement represents another component in NAEG's commitment to enhancing long-term value for all our shareholders. Since its inception, the Company's available cash is what has primarily been used to fund growth through all of the various capital expenditures and strategic acquisitions, however; in recognition of NAEG's fundamental value and prospects, our joint venture partners are agreeable to accepting the Company's common shares for the purpose of completing certain proposed mergers that are being finalized. Management does not believe that dilution is the answer. NAEG will therefore from time to time repurchase shares in the open market, initially up to an aggregate purchase price of $250,000, based on market conditions, share price and alternative uses of cash. If additional shares are needed for other business that is on the horizon I would expect that the Board of Directors would be asked to authorize one or more additional repurchase programs."
Joseph D'Arrigo, CEO of Native American Energy Group, expressed confidence in reaching the Company's 2007 strategic goals. "We are well-positioned and on track to deliver on our strategic goals as we've outlined it for the future. The oil & gas industry is strong and NAEG's share is growing, the need for affordable housing on the reservations is high, and interest in renewable energy continues to grow. This bodes well for our long-term growth prospects and cash-flow generation."
D'Arrigo highlighted several key factors involved in executing the 2007 strategy:
* Deployment of the 1st workover rig in June to drive oil & gas production
* NAEG has submitted the necessary paperwork to the appropriate agencies
for both government and private funding for housing construction &
infrastructure
* NAEG's joint venture partners bringing cutting edge solar and wind power
technologies and their own sources of funding have asked NAEG to secure
acreage on Indian Reservations for the planning and development of
strategic energy parks that will provide energy and revenue for NAEG,
the tech companies, as well as the tribes for generations to come
* NAEG is meeting with and solidifying joint ventures and forming
exclusive partnerships with several U.S. tribes
Mr. D'Arrigo added, "NAEG has established a well-defined strategy for reviving abandoned oil fields that we are focused on executing, however, we also have a much broader reach now than at our beginnings. Most important is the strong emphasis we have placed on encouraging economic development, as well as financial and energy independence for Native American tribes. As such, the company has evolved from an oil and gas company to an energy resource development and management company for America's tribal nations."
NAEG's previous achievements can be accessed on the Investor Relations page below:
http://www.nativeamericanenergy.com/investorrelations.htm
Native American Energy Group (NAEG) is a publicly traded independent energy company based in New York trading under the symbol NVMG.PK. The company specializes in acquiring and revitalizing abandoned oil fields with substantial known reserves in place, as well as, introducing energy alternatives in Indian Country. Apart from existing fields, the company has also aggressively acquired oil & gas leases for new development overlying prolific areas in the U.S.
Safe Harbor Statement: This News Release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities & Exchange Act of 1934, as amended, with respect to corporate objectives, projections, estimates, operations, acquisition and development of various interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.
--------------------------------------------------------------------------------
Source: Native American Energy Group, Inc.
Actually, I'm here as well (or close). In San Jose for the week ;).
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I'll see what I can do to help. I plan to add more at these levels. You are such a night owl.
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Nvmg held support again, going to get interesting. What do the Grecian Gods think about her?
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ACG, she dodged a bullet today ;). I hope NVMG takes off from here. BTW, how far do you think SPNI can go? Already up a 150% there, but she sliced through resistance at .004 and .0055 today like it was swiss cheese. Next major resistance looks like .01. Thanks as always.
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THERE IS A KEY ON THE LEFT SIDE OF YOUR KEYBOARD CALLED CAPS LOCK. PLEASE MAKE SURE IT'S NOT ENABLED. IT WILL MAKE THIS LOOK LIKE THIS:
There is a key on the left side of your keyboard called caps lock. Please make sure it's not enabled.
Quit the yelling and you just might be taken seriously.
Thanks.
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Thanks ACG, that's a super chart. I sure hope she doesn't break below .0075. Wed seemed like blow off capitulation to me. Also, the funny thing is the CMF has been in the green for the past several weeks. Looks like some stealth accumulation going and I think this week will be pivotal on if she rights the trend or breaks down. Thanks again.
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Thanks ACG. She's doing a lot of volume, let's see what happens the next hour.
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Thanks Bri, I guess every dog has it's day. Let's see if I can play it right.
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ACG, that .004 break was big, no? Where do you see this puppy taking a break? Thanks.
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Bri, breaking that .004 resistance is huge. She might break out big time from here. I haven't sold and will be holding to see how EOD action goes.
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Now 60%. You have a great weekend friend.
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Well done Bri. SPNI up 40% for me today.
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Yesterday had capitulation bottom written all over it and today seems to be proving that correct. Triple bottom test in the .0075 range. We should move smartly from here. My share purchases at .0115 not looking as shabby as it did yesterday.
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504??? Where did you get that crap from? I think you have the wrong board.
Never mind noticed your retraction.
-k