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Sorry, I have tried to post screen shots 3 times in the past few weeks, but am having no luck with it. The screen shot is no problem, but getting it to post is.
Well, lots of agreement regarding support & resistance, but I would rather just see it continue higher. I was involved with a stock that I was able to buy in a 401K several years ago, that went on a 5 year tear, (cost averaged into it for the entire ride). Would really like to get a repeat here, but realistically, I'll take 6 months for the first leg.
Not many flippers here. They are getting dusted (gold dusted maybe). Likely a lot of them bit the bullet if they tried to flip, and had to buy back in at a higher price.
This is a buy & hold situation, and that is exactly the way I am playing it. Will add more at times. Depending on fundamentals and TA.
Fib levels to watch on the down side are as follows. As of the close today, we are comfortably holding above the 138.20% that is setting at .0416
The next level down is 123.60% at .0396
A retracement to the 100% level would be strong support at .0364 This price coincidently is at an area of 3 days of sideways consolidation, and then the break out to where the stock price is at today. Should be strong support here.
If this level falls, then a gap on the 15 min chart at around .035 would likely get filled. But the price should not drop much below this level.
I am thinking that the 100% retracement level will hold if we get a little sell off. But I realy beleive that we will not even see it drop below the 123.60% level.
This stock has built up momentum, and a large float provides depth and cushioning in the market. I say we hold .0396 tomorrow, and hopefully for the rest of the week.
Jeeze, up .02 (at the moment). WHAT A ROCKET SHIP.
Not another bonanza, but still profitable resourses to add to the picture. 90' of PM is really nothing to sneeze at.
3 rigs OK, but I would like to see 10 even more.... YEY DRILLING. Increase feed rate on those drill bits.
Jeeze, maybe i'm dreamin to much, but I could enjoy getting rich quick.
Maybe. Buy on the rumor, sell on the news??
Just added 100K more to my account. Liking the chart pattern here, and feeling(like others)that updv is meaningfully undervalued. May not be a fast ride up, but I'll take slow & steady if that's what is in the cards.
fIB. CROSSED 150% LEVEL TODAY, BASED ON A STARTING POINT OF .023, (PULL BACK LEVEL FROM THE SPIKE RUN UP 3-4MONTHS AGO).
If we close above .0432 today (now support), the next level is .0448, then .0467, then, you guessed it, .05 is 200%.
Funny how about 3 people on this board can come to the same conclusion based on 2-3 different TA methods.
I see that dkgr is moving right along true to form.
.0014 bid is still WAY to high, but crooked MM is finally capitulating.
.0003 or lower = fair value, without ANY of the current management attached...
Exellent point nennwert.
Just dreaming. Would be nice if they could turn the place into swiss cheese A.S.A.P.
Be nice to get news regarding about 10 drill rigs on site. Yea, I know. Typically 1-2.
Good trading to you ontareeo.
The big investors are lurking in the background at the moment. The price run to .09 is evidence of this. Someone was testing the stock.
Not saying that more are not desireable, but when the big boys see exactly what they are waiting for, then the real ride begins.
Added 25% more shares to my account today. I was actually considering selling a couple of weeks ago, and try to buy back in at a lower price, but a couple of posters on this board made me decide to hold. Thanks ontareeo & all other dedicated posters here.
Did anyone notice how many option shares Eugene has??
25,000,000 good for the next 10 years. At a strike price of .24
I would unload shares directly owned also!! No need for him to hold them.
That's exactly the point. He can buy the shares back at any time. Or, more likely, when the company becomes profitable again, He will just get some nice big fat options grants as reward for his work.
Eugene selling 1.3M was actually the gun shot that we all should have heeded.
Also tested tripple bottom support for the last 5 days, and all failed.
I think that the CEO has his hands tied by the court system, and the re-emergence plan. I can not blame him for fluff PR'S. I think that he really is excited about the future of the company, and over the long haul, I believe that they can pay off the debts, and become profitable. I will be watching, and will buy back in after the hurricane like rain stops.
Likely not the company, but shares issued to PR company(apx.28,000,000), and probable shares issued to those that are owed money. The PR shares should be flushed through the washer after 6 days of relentless selling, so I must assume that possibly a lot more shares are going to be sold in the near term.
Massive dilution going on. Had to unload today. Holding free shares and watching. 6 days of massive selling and do not know how much longer it will last. Not going to let them get into my money, and get stuck holding the bag. Dissapointing to me to have to do this. I really had hopes for this one. But can always buy back after the dumping is OBVIOUSELY finished.
Jeeze, where did you come up with that from?? DKGR would certianly like to exploit GSPG if they could lie, cheat & steal their way in the door. I am quite certian that goldspring will have nothing to do with dkgr. The only thing that smith from dkgr should maybe be allowed to do for goldspring could be to pick up the rocks that fall out of the crusher and put them back on, when gspg gets into production.
The only thing that is keeping this stock from going to .0003 is MM manipulation. They must have been taken in at to high of a price also. (sucked in by smith). Absolutely no reason for this stock to trade as high as it is trading on such low volume over the past couple of weeks.
I'm getting a better feeling about this stock. Looking to add more next week. Will not get it at these prices in the near future.
Has anyone here looked at the channel that has developed from around 6/2 thru 7/10.
Actually, the stock is behaving quite well. The bottom over the next week should be around .024, and the top at .05
I do not expect to see this top hit again untill more positive P.R.'s are released.
I think we are seeing big time dilution right now. Debenture's are being dumped. (debtors getting their money back as soon as possible). Long term positive. Now a buy & hold company. Flippers may as well look for something else to trade.
Good to see you here ontareeo. I have been in this one for a while, and am at about break even right now. Holding at least thru news release and hopefully longer. All I need to see is gas. The oil will just be the wild card.
I am laid off, (lack of work) and am 1 year from retiring. Need this one to help out. coincidently, need others to get legs for me also.
THANKS DUMBAO & ONTAREEO.
Ontareeo, I fully agree with the following.
A couple of drill results, just to back up gulf's numbers, could be all that is necessary to get the ball rolling back in the right direction. But I was a little dissapointed with the last P.R. and still only reviewing drilling bids. Had hoped that they would have had one lined up by now, and do not know what the drillers back log's in general look like. Could be a few months before any of them could even start. Probably would be a good question for sea to ask in his next talk with his contacts?
I saw this exact picture play out with GSPG, and they really only had 1,(exceptional), hole. The rest ok, but not great, on average. The share price reacted quite positively before phase 1 drilling was even complete.
My original position was ok at .028, but then I blew it with 60% more shares at .05. Also some at .0035- so my cost average is now .0036. I could cost average down from here, and probably be ok. But to me, cost averaging down is not on my favorite things to do list. Or, I can just sell outright and buy back IF it goes to .015-.016 area.
Having trouble with decision. The million dollar question to me is what is the share price going to do over the next week or so.
Thanks again for the input. My decision to make from here.
Well, although the fundamentals look great with this stock, the technical's do not.
I pegged and posted .021 as my target low a little while back. It has been broken, and this stock is now the worst performer of about 15 stocks that I presently hold. I am usually correct when I get rid of my under performers, and roll into something with a shorter time frame to at least small profits. The reasons are clear. The length of time before even the completion of drill results will likely be several months away. You do not become 43-101 compliant over night, so likely no real reasons or rush for anyone to buy right now. I do not like flipping, but it,s looking like the right thing for me to do here. The uplisting and audited finanancials will be meaningless without solid facts regarding reserves. Also, no one is talking about the cost and time involved with puting together the invrastructure to get all of this stuff out of the ground. My bet is that it is a lot less expensive to set up a gold operation, but I am not really qualified in this area. Just my opinion. My past expreience with exploration company's is telling me that we are likely 2-3 years out regarding real production.
Not bashing here, just stating my opinion. I really do think that the long term picture looks good, but the time, cost & pain associated with holding downers is getting difficult for me to tolerate.
Anyone have any concrete reasons to show why this can get back to .03 or slightly better in the very near term. If so, give me a reason for sticking around for a while longer..
Hold on there JusDePomme. Do you not understand the relevance of nybob's post?? UPDV is down because the typical pump & dump big money is working against us lately. Also MM manipulation & dilution. Your general run of the mill pinky/otc reasons for PPS drops.
Looks to me as though nybob is just pointing out REAL reasons for holding or adding.
Looks like we are moving with the price of gold and Iran successfull medium-long range missle test also contributing.
NYBob, thanks for the post. Unfortunately good for our positions, but not so good in most other ways.
Sage Wise, I must apologize. Yes, you are absolutely correct about my mis-interpretation of (material) in the P.R. I went back and re-read the P.R.
Not trying to make an excuse for the mistake, but I get pretty upset when I read things like contract delays in the near term.
If contracts are being delayed with this engineering company, then it also probably means that contracts slated for DPDW are also be getting delayed.
The prime contractors need to get their acts together and get us some oil NOW, not later.
Also, must apologize for the delay in posting this message. I tried to send you a return in a timely manner yesterday, but when I tried to post, I got the big red message that says you are out of posts for the day!!!
OK Pedro, but then what do you see as the current AS. They can not go above that number..
I think they are still under the 975M. authorized. And think that the market can handle that amount of shares.
Yes, added a little on it today. Had to bump my price 3 times just to get filled. But got what I wanted at what was ultimately below the closing price. So, yes, I am happy. It's gonna be a roller coaster on that stock over the next few weeks, but I am cost averaged in at a very good price.
brikk OK, thanks for the link. I read the article, and found nothing in it that should not be expected given the current NATIONAL oil situation.
However, I did not copy & paste from this article. I copied & pasted from a poster's message. Did not see him get blasted for not showing the entire link.
Now, so what... Do you not understand the simplicity of the part that I quoted regarding near term delay's, (ACTUALLY EXCUSES), for not getting with the program and issuing contracts. If DPDW gets contracts now, NOT LATER, it will only help speed up the time from planning to inception. Give them the contracts now, not later, is really easy to understand. Anyone with any reasonable ability to read between the lines would have understood this.
Thank you budgetcuts0. Info. gives a clearer picture. I should have looked at the filings earlier myself, but have to many things going on all at once.
Looks like we are still under the 975M. authorized if I am seeing this correctly. Or is the IBOX not current enough to give any clues.
I get appx. 940M. as a guestimate regarding possible FLOAT at this time, including debentures and preferreds. Some of the convertible debentures may not be sold immediately, but looks like most creditors will dump just to recover bad debt A.S.A.P. That,s ok. As others here have pointed out, it will just let the company become profitable sooner.
So, we can look for lots of volatility over the next 1-3 months, due to debentures being cashed in, correct??
I do not see the class a preferred convertables as much of a problem, because these share holders will more likely be willing to hold their commons, (after converting), better than the debenture holders.
Suprised to hear that Eugene has sold/or is going to sell a few shares , but he deserves a party for himself TODAY.
"Across the industry, project awards continue to be delayed. This has somewhat impacted our backlog progression".
Ha, no need to be in any hurry to drill, or lock in contracts. After all, oil is only at $136.
If they are telling us that material is the problem, it's most likely a lie. I have been involved with metals machining and fabrication for 35 years, and believe me, if they want the material, they CAN get it.
Posted by the guy that called MM's & big money interests unamerican yesterday. I stand behind this.
Man, I like that chart. Looks like were buyin at a 99.8% discount as compared to 1 yr ago.
Not much downside risk here. You take nothing from nothing, and you end up even. My present risk is 150,000 shares. My plan = hold, and I can stand the pain for a long, long time if it drops in price, given what I have invested in it.
Looks like a LOT more upside potential, than down side risk in this price area.
Yea, I know, the company has all kinds of prickly little thorns stickin out of it. So what.
I agree. My thinking is that Eugene would greatly prefer to turn his company into a once again highly regarded coal producer, rather than sell, or languish in pinky land. He has put a lot of effort into bringing it from the dead, to at least where it is at again today. He has been there, and done that, and can likely do it again. Probably better this time around. Bad experience's from the past will likely not stand a chance of being repeated. Not saying QMNM can get back to $100+ but could become respected in the industry again.
I am going to hold at least a good core position for 1 year. Longer if looking ok.
Flipping is ok, but be good at it, or you will miss the real ride, and be chasing it on the next leg up.
If you do your DD and read the posts, you will know why it fell from $100.
cfo involved in corporate fraud, ect.
No way the end of day drop was retailers taking profit. It was something much bigger than that. MM dumping or trading among themselves to shake out weak hands, create panic. Or dilution.