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Did anyone get the transcripts of yesterday's session?
I threw in a bid and it changed immediately. Strange, but there really were no bids. This stock makes no sense right now.
IMO the penny world is FULL of nonsense, that is part of trading penny stocks. I personally am not bothered by Sierra since it seems to be fairly accurate in both large cap stocks down to pennys which is rare. Often you find penny promoters that are only right in penny plays because they have a big following that can move low volume stocks, but they cannot trade large caps to save their lives because their newsletters do not have enough members to move a stock with any volume lol.
Another thing to note is that Sierra called a big drop in HUSA when I was long and I did not believe them but it happened, so ridiculous concept or not, I should have listened to them then, I should have listened to them on AAPL, and other stocks as well. For now it seems they are most insistent on HUSA so just happy they are on my side this time and I am hoping their track record continues to impress with regards to HUSA.
Sierra called the massive bounce in AAPL perfectly, here is to hoping they are right now HUSA
In the meantime the .182 20K has been chewed into by 8K, will be interesting if it gets fully eaten.
Looks like the .182 is real for those who really believe UWBK wins, you can get 19K there
.18 x .182, smallest spread I have EVER seen on UWBKQ, not sure if that means anything lol, just pointing it out.
The shorts here have nothing to fear. NOT because HUSA will not go higher, if oil is found it will explode higher, but I believe the shorts are those with the convertible warrants. Warrant holders can short a stock with impunity.
Ask is creeping up, 0.135 now
Good timing, today could be the last day to pick up HUSA cheap before news if they hit oil
Volume is HUGE here on the pop, this is the REAL deal.
Right, I dont think they intended it, but it happens a lot like this, they should have been aware this was a possibility. I gotta tatoo across my forehead to remind myself, WHEN WARRANTS GET OFFERED, STOCK GET SHORTED BY THE WARRANT HOLDERS.
It is ENTIRELY the fault of management that the SP went below .67, BECAUSE they offered warrants. The warrant holders can short this dog down and if it pops they just convert their warrants to shares to cover. I was a fool not to see they could do this, I knew the pattern but somehow thought that because an oil find was close that the warrant holders would wait to short.
Agreed then that we need to hit oil, that will be a MAJOR game changer that would put everyone on the same bullish page, including warrant holders.
I dont know for sure but maybe it takes longer as the hole gets deeper so maybe we cant just assume a linear rate of drilling.
Yeah I second that, the account looks a little greener. I actually accumulated more painting the close over time, don't regret it as now I have a decent number of shares again after selling some above .2s.
why's it take you so long to post and reply... you own a business or something?
Inching up, drilling should be done within the week or so.
"A screenshot is worth 1000 words."
$$$$$, dolla bills yall
Some people make so much money flipping UWBKQ that they can just golf all day. They PAY others to stay on the bid all day for them.
Your precision is legendary!
Saw that huge buy spike it to .52, sure felt like something was about to happen. I hope though if they hit oil that it is announced after hours.
Longhorn will be jealous.
Looks like today is the beginning of a multi day technical bounce.
I bought more today as well.
got 427 shares at .16 to even out an odd lot I had
im gonna paint the close screw these guys
No rhyme or reason to how this trades lol. Patience as always is the only thing we can maintain.
Yes, totally agreed, this is not a stock that you can magically time the highs and lows on, waaaaay too thin.
BOOOOOOOOOOOOOOOOOOOMmmmmmmmmmmmmmmmmmmmmm!!!!!!!!!!!!
I LOVE this DPDW chart (link)
OK, from a brief reading of the message board I see some do not like chartists, but I cant help but get excited by this chart.
Here is a link to the chart I have drawn and some explanation as to why it could really reverse nicely to the upside, potentially doubling or tripling in the next month or two.
The lows of the deepest of the bear market were .08 so I see about 25% downside risk max and again, up to 200 or 300% upside. I will take that risk to reward all day everyday and twice on Tuesdays thank you very much.
http://thetechnicaltrader.net/forum/index.php?topic=1434.0
I wrote a few posts that explain the chart you see there.
Well, I felt that way about most PRs until the last one, which had an actual number reporting a $2 million dollar contract.
I calculate from the first webcast that its more like 11 or 12 million if we trust PV.
And I guess if naked shorts are covering volume could be higher than normal since they keep rebuying shares to cover shares that didnt exist in the first place.
Of course, would hope price went UP instead of freaking DOWN in that case.
Like most everyone else, this stock confuses me lol.
Shallow trend line is intact from recent bottoms, will continue to hold as long as it is not violated. Today was a triangle breakout on the 60 min chart, so hopefully we get some continued upside tomorrow. If technicals were to actually play out, the target of this breakout would be above .08, so fingers crossed.
good post, good point
OS is about 10-12 million based on slide 13 of presentation
Here is what I wrote in YMB
http://messages.finance.yahoo.com/Stocks_(A_to_Z)/Stocks_C/threadview?m=tm&bn=80550&tid=1387&mid=1387&tof=50&frt=2
Just go to slide 13 of the webcast and do your own math. Would be interested to see if people agree.
What does this mean "T/A gagged"?
sorry, meant 5.19 million, here is the exact text that was sent to me.
--------------------
Thank you for your interest in the Company and your recent investment. The
Company is SEC reporting and their filings are available on www.sec.gov. I/O
is reported on the quarterly and annual filings. As of May, the issued and
outstanding post the recent reverse split was about 5.2 million.
If you would like us to also give you a call, please let us know your
contact information and we can answer any additional questions you may have.
Thank you-
Stasi
Stasi Turrell
China Crescent Investor Relations
214-722-3065
ir@chinacrescent.com
----------------------------
Today I got an email back to my inquiry about shares outstanding that I sent last Thursday.
Basically ditto on what others are reporting, that the OS as of May was 5.9 million shares.
Doesn't jibe with what I calculated from the webcast, to me it seems there has to be double that many shares.
Either way it seems the company is not diluting presently and in fact contrary to all other posts here suggesting dilution, they have actually done a reverse split as stated in the webcast.
I did research NMKT and it does seem that a lot of investors were unhappy with results, I cant fully say what happened there but wont rule out the possibility they were just diluted endlessly as many claim.
However, even playing devils advocate that the ultimate goal is to dilute, being in at these levels feels rather safe. I doubt the company is going to all this effort in order to dilute less than a million dollars of market cap. Now maybe if they get it into the .3 to .6 range like with NMKT it would be time to worry, but most of us would have made very nice profits by then.
GLTA
Re: Market cap expressions
Got the following from Stockcharts today:
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Thank you for your message. I can understand what you are trying to do but, unfortunately this can't be written for the scan engine right now. Perhaps the capability will be introduced in a future version. To keep up to date on the latest website news, be sure to sign up for our ChartWatchers newsletters which are available at the following web address:
http://stockcharts.com/commentary/archives/
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So I guess for the time being it is indeed a real limitation that you cannot do mathematical operations on 'market cap', but hopefully they decide to fix it someday.