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133.7M traded today. Question is, was it MM manipulation, or company diluting in last hour?? If company diluting, how many shares added to float??
buying opportunity.
Finally filled after 3 calls. had to go market. nica addition to my freebies. Eugene, you are my hero man.
come on, back off theask for a minute so I can get a fill!!!
Super news. Time to get feet wet again.
Yes, I was certian that I could drive this stock price to it's knees if I bought a few shares. Sorry people, thought it would be different this time.
Super interesting situation unfolding here. Been a freebie holder here for a while & waiting for picture to develop more completely before adding risk again.
Some great DD getting posted here. MM outline posted earlier today, and the Reuters Research post,s show some serious interest. (Reuter's charts are scary tho. Makes it look like a dead cat bounce). No, I'm not bashing, just an observation.
I do however have a problem with the Guenco sign in front of the mine. There ARE NO bullet holes in it, so is the mine really located in KY, or has ammo just gotten to expensive.
Good, I'm happy to know that I can still think outside of the box.
Never been accused of being meek or timid.
Share price did OK today, considering the oil market in general.
Maybe I'll keep stirring the pot for a little longer, could help!!!
Form T. (after close) 250,000 shares at .0085, encouraging to see.
Looks like hold or add to me. Depends on oil market tomorrow.
You better save some for that 7-9 dollar gas you will likely be paying next year..
Buy all you want at .50 if you are willing to wait for it.
By then, the company will not have enough working capital to get equipment to the work sites, then what, your .50 will go to .25
That looks like a pretty good target to me, since no one is willing to support drilling any longer.
Ha, dot connecting skills perfectly in tact. Watsa matter, havin a bad hair day. You must be thinking that UPDV is gonna crash, right.
Found 1 more poster to put on the unskilled list.
Wow, I finally did something correct. Dumped HTOG a while back, and kept some free shares. Rolled into UPDV, and it looks like the money has finally figured it out. UPDV is the value play here. I think it's gonna hold here, but hard to tell. Oil stocks suddenly out of favor, but that changes with the wind.
Super Darby. Fib's show support levels at about .028 and then .026 area's.
My thinking is that we should be seeing a few more drill results coming out before to long. Phase 2 drilling has probably started. Company has been good about updates regarding this, and that fundamental likely will paint the chart. Average or above, I think we go up. Less than expectations, and maybe we drop a little. Of course, all is out the window if MM'S start playing games.
I wish I had 2M. laying around in spare change. I would really like to see some GD MM's get their bippies kicked like a kid kicking a can down the street.
Share price certianly is doing a good job of staying deep down lately. Company needs a subsidiary called up high. Deep down is not cutting it.
Hard to understand how the MM's can manipulate an oil drilling stock lower given the current economic conditions, and need for oil!! IT REALLY IS QUITE UN-AMERICAN, given the country's need for oil, and support of company's associated with trying to get it for us. Yea, I know, it's capatalist greed working at it's best. Trying to drive out the weak hands, for their benefit, and the hell with all consequences.
Spread between updv & htog being addressed. Gap between them getting smaller. Good buy in the low .006 area. May add more if I can get them.
Time & sales at .0295-.03 last trade at ask. as of 10 seconds ago.
.0295-.003 bid ask. 8.35M traded last trade at bid. I am not using LII at the moment, so do not know the ratios.
Watsa matter MM's- havin a problem filling the gap. You can not have my shares!!!
Thanks Darby. I'll try a few different approaches. Never thought about pdf files.
Good luck trading. My portfolio is up a little today, but being held up by 2-3 hot ones.
Hello Darby, great job with the blog. Appreciated. I have been trying to figure out how to load charts to the board from paint. Not having much luck. Tried e-mailing the chart to myself, so I could copy & paste, but not having any luck with that as well. Since you are pretty tech savy, do you have ant suggestions regarding how to copy/paste from paint.
Yikes fnm, check out pmi (mortgage & ins) for an ugly chart.
Added a little at .oo77
Holding ok with oil down
Where do you find 1B. tons of proven reserves???
Great summary darby. Stick around, your an asset to the board.
lootie, very interesting read. So much so true.
I did a copy & paste of one sentence as follows below.
Some actually believe that Barrick is a ringleader behind providing capital not to fund their own mining operations, but to New York and London hedge funds to suppress the small gold mining firms.
Not only do they "likely" use hedge funds, but a few weeks ago, I was doing some research on another PM stock that I hold, and guess what I found in a short sales list.
American Barrick DIRECTLY shorting the stock. Do not remember where I found it, but will try to track the link down. Could have been yng or paas. I was having trouble understanding why the company's PPS was dropping.
I,for one, will never buy their stock again.
Agree, But gspg 1 good result, + some good investor relations moves, have given me an almost 50% return in 2 weeks. They will do just fine, and I plan on holding this investment for a good while longer.
I bought my first goro shares about 3 weeks ago, and am down a little bit thru today. I did not say that gspg is in the same league with goro. If I thought gspg was the better longer term play, I would have bought more gspg. I opted to buy more goro because I see a better return potential over the next year+.
I know that I am a newbe here, and you players that have been in this thing for a while obviosely know more about the history & progress of the company than I do. So fire away. Maybe everyone watching this board will benefit.
I'm already so top heavy in gold, silver, oil & coal that my broker is going to kill me when I tell him to buy more.
Forgot to add
I bought a little more today, and plan on buying a little more tomorrow in another account. Had to wait because cash from another stock sale needed 1 day to show as available for purchases.
Lootie, if you check the web site, you will find all of the info. that you are asking about.
I am not a geologist, but the info. at the site is pretty clear. And to find 1.5 oz/t. even in just 1 hole looks really good to me. Seems to me as though they have a good handle on how/where to start.
Check out GSPG drill results and compare. Looks like goro maybe has more in the ground, and not as many environmental and state issues to deal with.
Since the company has already addressed the money issues by arranging financing out of pocket, and thru what looks like a few key players, 43-101 compliance likely is not even an issue. They do not have to prove anything to a bunch of jerk wall street bankers and institutions.
I would like to see GORO become HIGHLY successfull, just to be able to throw the 43-101 compliance back in their faces and laugh.
yea, I see 2 trades of 50,000 each at .0002, in the last 2 hours.
Have to add in the fact that fuel costs are a lot less in southern mexico than they are here. Just another added plus for GORO. Lookin good from every angle here. Only neg. that I see are a couple of permits to be granted, but feel confident about this. Company must see it the same way, or they would be holding off on the infrastructure.
This is the best PM play right now that I can find, and I will be adding more.
Good to hear what IR said dowjonsin. Got me feelin better now, and must be others seeing same thing. PPS looking suddenly better. Rock on MMTE.
d0lphint0m- Good TA. Glad someone here has a handle it. The bottom at .01 is pretty clear, just hope we don't see it.
C'mon MMTE.. HANG IN THERE TOUGH.
Options- I tried that early on. When I opened my first account with brokerage in Chicago, I asked the manager about his opinion regarding options. He told me, ya know, 90% of option trades are loosers. Of course I did not believe him. I tried any way. My first 5 option trades wound up valueless. I walked away fast, and have never looked at them since. There is a way to make money by selling covered calls tho. and some day I may do it.
Forex- demo accounts are ok for learning, but when you get to the real time, your trades affect the market, and market players mostly. Your trades can be attacked like sharks after bait. Certian times are safe to trade, others not. You have to have strong support on your side of the trade, or you'll get killed. Yes, short USD over the longer term has been the play, but lots of opportunity's long also. I have made 5 trades already today. 3 correct, 2 incorrect. Net result so far- -$54 trading 2 mini's per position. USDCHF EURUSD USDJPY
Have to catch you later. Running out of posts. Good talking with you and trade well.
Darbyflier, sounds like you got off to a good start. Wish I would have had access to your traning. I had to learn it all on my own, and suffered through the school of hard knocks for a long time. I probably read 30-35 books in my first 3 years of trading. But you have to have the hands on experience to become a trader. Many do not make it. Made some pretty dumb trades myself in my first 5 years, but also hit a couple of really good longer term trades that made it for me.
I usually trade the bigger issues, but it's pretty dangerous there now, so I am enjoying the penny's lately. Actually, may just decide to stay with them. Doing just as well, if not better, here. Like flipping and being able to get free shares. Can't do that very easily in the biggie's.
My true love is trading the forex, using tradestation and automated trading strategy's. Built on TA. Tough ball game. I am currently trading breakouts, retracements and strong trend systems. All applied to automated signals. Am finding that the strategy's come and go in waves. Hit great for a while then fade out. When I get this longer term (weekly) cycle figured out, I'm gonna hurt em bad.
Speculative play. Difficult to read much into the chart, other than a break to the upside from consolidation. I'm buying, so my opinion must be bullish. But you gotta be bullish this whole sector, or miss the train.
Hard to tell what the ground conditions are at the drill site and access route are right now. I lived in the mid west all of my life, and know from experience with heavy equipment that it could take more than just a few day for things to dry out enough to get in to drill. Lot depends on the EXACT location. Could take a week of drying, maybe more. I am willing to give a few more days for news.
Darbyflier, "reminisence of a stock operator" is probably one of the few that I have not read in my 15+ years of trading. May try to pick it up. A couple of my most recent favorites are "Trading Commodities & Financial Futures" by George kleinman. He goes thru all of the most important TA tools, and also gives some great advice regarding what he used as a professional grain trader in the futures markets. I have applied a few of his keys to highly volatile big board stocks, and can see how he made money. Another one is Hot Commodities, by Jim Rodgers. He does not get into TA very much, but his understanding of what drives major market shifts is great. I have been closely watching his advice for a long time now, and he can really hit the ball out of the park at times.
I have been using TA for several years now, with varying degrees of success, and have finally settled in to a few favorites that I apply only to 15 minute charts. The only time frame that I use anymore. Once in a while I will look at a daily chart, but you have to find the time frame that fits your trading style and patience level. That can be quite difficult for new traders.
Really do not need much TA for greenspring. Just buy & hold. Been working for me in this one. I TRADE qmnm, htog, updv and the "forex" (forex not recomended unless you really got big cahunas).
Here"s just a little more TA to add to the confusion.
The Fib. no's. suggest to me that the retracement from the .035 high is complete. Price did break 50% and that's technically a negative, but the price then bounced off the 62.5 level and quickly went back to close slightly above the 50% level today. I think that the bottom is in at .028 and likely consolidation ahead in this area for a while. If great drill results come out for next few holes, then we could maybe start to TREND higher from here. That's what I would like to see.
undervalued little critter, isn"t it..
Nice post dowjonsin.