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Arg., No one has to post much negative here. It is clearly obvious where this thing is headed.
Anyone still holding shares in this is BEGGING to lose more money.
Anyone that would buy this now would deserve to lose money. Only the slightest bit of DD would be necessary to detect the problems.
Volume & who is holding. Probably only the MM's right now. They HAVE to buy shares back.
New managment team. HA HA HA HA HA HA HA HA HA.
Nice find cutting.
I,m gonna throw in my 2 cents here. I called & posted last week $775-800 gold bottom. I get to pound my chest like a gorilla if we go up from here. Hit it dead in the middle, (so far anyway). Also hit GSPG correct last 2 days.
Here is my further take on this.
1. Russia still in Georga.(watch and see what happens if the U.S. starts putting missles in Poland. Putin is REAL upset about this).
2. Dow falls 180 points on further financial sector worries.
3. EURUSD at these past 12 hours looks like it is at, or close to bottoming, (recent dollar strength subsiding). I am watching this by the minute, because I have a trade on it right now.
Bottom line, gold sideways to up slightly. GSPG basically sideways untill whatever comes out of the above proves itself out.
43-101 is our ace in the hole, (or deuce). But I do not think that we will see it for a little while. Mining company's seem to ALWAYS miss their time lines.
Yes. Hopefully we have a couple of new funds or institution,s watching this, and just waiting for the 43-101. With this, .10-.15 is in the bag. Without, then it will take longer, because lots of people will flip on the way up.
I am a little conserned about "buy on the rumor, sell on the news" tho. Seen that happen all to often in the past. Then we could stall out for a while. Lots of people setting pretty good in this stock right now. It could be tempting for some.
We just have to wait and see what the 43-101 tells us. If it,s great, then the flippers will tighten up and hold.
I could see that range, but could be tough because of the # shares outstanding. It's just 1 day at a time right now.
Not possible to peg this #.. I will guarantee you that the 43-101 will not get us to $1. They have to prove profitable with quarterly's.
Or just before $1.01
2 1/2-5 years, without a MAJOR political or ecological event.
They still have to prove that they can get the gold out of the ground effectively enough to be profitable, regardless of the price of gold.
Political events- U.S. military confrontation with Russia or China, Iran nukes Isreal, India or Packistan declare war with each other, Military confrontation in N. Korea or who knows what else can crop up. Then 5 days to $1, but they have to be in production when/if any of the above occurr. Personaly, I prefer the slow growth scenario.
Super deal for our Mr. Winfield.
9% for his loan, + 6-8% royalty, +15% below market stock conversion.
LOTS of investors would die to be able to cut deals like this.
Of course, he must believe big time in this company, because he certianly is dumping the money into it.
How (much more) wealthy will he be by the time this reaches a buck? including royalty gains, interest, ect.
Hello d0lphint0m. Good to see you here and get your comments.
A couple of weeks ago, I decided to set up several weekly charts with a 20MA. Your posts promted this, and the software that I use, makes it very easy to do. I have been trading for 15 years now, and never throw out what I consider to be sound TA. I usually trade 15 min. charts, and daily's to back up the short term, but your weekly style interested me. I also trade the forex using fully automated systems, so my experience level is solid.
This one just broke thru today, and by coincidence, I caught your post on the other board, so wanted your further opinion.
I noted the .006 for the breakout that you mentioned in your earlier post. I am going to do some DD on this, and see from there. Hope you are considering the same.
Good trading.
stkjunky
You are welcome darby. I try to call them as I see them. Your TA is a valued asset to the board, and I respect it a lot. Helps me to make more confident decisions. Great link for technicals. Will review this weekend. Never hurts to take a little refresher course.
Regards
Paint bar close. Makes Joe 9-5 think that something happened at the end of the day. MM's hope to create desire to buy next market day.
Seen this a million times.
Look for steady to down a little on Monday.
Hook pattern that I talked about yesterday played out correctly today.
I wonder how many shares the MM's put in their own personal accounts at .014 this morning?? Or their best friends accounts? 3-4 nice blocks sold at .014
Most shares so far today went at .016 on nice overall volume.
All we need is news.
Agree with you alien. Maybe Joe needs to sign up for the olympics. New oil drillin contest, Joe O. wins gold medal, but contested by MM's and looses it.
Exellent conference call. Answered all questions in a very thorough manner. Everything is on track as planned, is the best way to describe it.
Great business plan, on budget. CEO has ALL of the capabilities/qualifications that anyone could ever ask for in leadership. My confidence has gone up.
No brainer buy. Will be adding shares...
Picked up my fill this morning on GTC order. Add another 100K to the strong hold list.
Yes, and tomorrow is Friday. More times than not, a slow trading day. Could be wrong on this, but trading off of the hook is about 60-65% successfull based on statistics.
Can not post any more here today. burned up all of my posts earlier today on an oil play.
Catch you tomorrow.
Darby, good to see your charts posted here today.
Here is my take on what we are seeing.
This is now set up as a classical "hook" formation. I trade these often in the eurusd. In fact, the auto system that I use is based on this kind of formation.
First, we had the run to over .06, then subsequent drop to .048, with a short term reactionary bounce back to just under .055, and a failure to hold above the 223.60% fib level.
If this where a currency pair chart, I would be short selling now, for a short term downside profit. Maybe 1-3 days slow down side pressure.
If this plays out as I see it, I will be buying back in sometime before the middle of next week. Timing dependent on how the correction plays out.
Just my opinion.
Yes, and there are plenty of others just waiting for news. Ontareeo is strong, sea and others. Problem with waiting to long to buy in a situation like this is the risk of missing the initial pop when daddy big bucks shows up out of the clear blue sky to fill his stretch lemo with shares.
Yes. I started buying in early April, and have added shares 4 times since then. My present attemt to get shares will be my 5th addition since my starter position.
This one pops pretty good on news, and I am thinking that we will get some soon. Hopefully it will be good enough to support the share price at a higher level. Going to try to stay for the long term.
Yes. San Fran ok. Sunnyvale here.
You must have put your order in ahead of me. But my order is now GTC.
No, they will not give me shares at .016
I am back on it this morning, but nothing so far.
Yes, but way to many ceo's take this route. Almost always Bad, even for uplisting purposes. I can not recall 1 r/s in 14 years of trading, that turned out to be the correct thing to do..
To me, the practice should be illegal, or at least capped at much lower levels. Like say 4-1 max.
Yes, but they ARE on a limited budget, and if they got mom & pop at a lower price, thats just good business managment.
Seems to me that part of the lack of movement is lack of very much interest in the pennies over the entire market. Does not seem to be much volume on my primary 6 stocks this morning.
Vacations, olympics, seasonal summer tendencies??
Valuation after 60 wells complete? To many variables involved to speculate on for me. Put absolutely higher.
If the company can get even slightly profitable, the best news we could hear would be a share buy back authorization some time in the future. Not R/S.
How do figure this to be a non PR.
1. Stated drilling has now started on well #2.
2. Well #1 IN PRODUCTION. Not setting there capped.
3. Gave expectations for Well #2.
Added a little this morning at .0016
Natural gas in storage, week over week, DOWN to 50B.. expected 53B. BULLISH
100,000k went at .016, but I got none. MM flipping what he can get on the cheap.
Darby, same here. No buys today.
No, they only SAY that they have the land. There is absolutely nothing that can be believed by these thieves.
Looks like they are not even remotely interested in selling at .016
Unfortunately not anywhere as cheap as it should be. LOTS of others out there selling for less, that are FAR less risky than this SCAM company.
Just put in a big order at .016. Betting that I will not get 1 single share. Good test of MM sentiment.
Well, deep down is doing a fine job of getting deeper down by the day!! Glad to have dumped a week ago.
Will be back at .25, and if not, could care less.
This thing is acting more like a scam stock rather than a real company.
Absolutely. Key to me is the price of gold. I stated in a previous post that I thought gold would bottom out between 775-800, and am waiting for this. Another analyst target that I heard a couple of days ago has called $750 as his bottom target. Just waiting to see how all of what I am seeing plays out.
Darby, here are the fib levels to look at for support/resistance.
.049 is this most recent pullback, and is now the 200% retracement level.
Assuming that we will close below this level, the next level is .0468, at the 176.40 level.
Then, .0448 is a less important level at 161.80%.
And then a very important level at .0432. It is the 150% level.
I have not had to re-set my fib levels, because the 300% level at the high for GSPG proved to be the high resistance.
Be carefull in this market.. Big brother is as normal, manipulating the PM market lower right now, to create the illusion of world stability. Big bro. can not let fear reign with the newly found problems developing between Georga and Russia. The reality is that this area of the world could come completely unglued in the not to distant future. The euro is dropping against the dollar, and my thinking is that it is partially due to this latest political situation.
Check out qmnm, double bottom at .01. I have been out of this one now for about 1 1/2 weeks. Looking for the double bottom to fail, and will be looking at buying around .0007
Yes, a 6 mo chart in any time frame would still look good. I use 15 minute charts with support & resistance levels. And then try to factor in some other gold related stuff to base opinions on.
Not always right, but I can hold my own in the markets.
Hey guys, there is a chart gap at .049 that really would be a good thing to have filled. We bounced off of .050 2 times so far today, so it kind of looks like the gap could fill. According to the rules for gaps, if they fill, there is less likely hood of a future retracement to that level, after the next leg up. I think .049 may be to early to buy, but .045-.046 does look fair. At least for a re start.
I sold at .0555
GSPG is a winner, but it has had a great run. I am thinking that gold will come down a little more. I will just try to let the charts tell me when to re-enter.
I had full intentions of holding for 1-2 years, but the major indicators right now are telling me to be cautious.
Big money is playing their market manipulation games in a big way for the last few days, all across the board. And if the "evil" forces want to play with GSPG and bring it down, they certianly can do it. Not saying that they will, but they can.
GLTY