is loving all the pm heads up BEFORE they run- keep em coming!
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I just want to say that I think that the people on this board are really great. It is so refreshing to see people taking the time out of their busy day to answer questions to newer traders. :) So many other boards do not have the patience for that and wonder what the *&^* anyone that isn't seasoned is even doing in the market. Good people deserve good things to happen, so in honor of all the good people here "GO RHWC GO"!!!
NEWS OUT
Updated:2007-03-07 12:10:25
GBRC Patent Pending Technology Converts Unusable Automobile Parts Into Oil and Gas
PR NEWSWIRE
WEST BERLIN, N.J., March 7 /PRNewswire-FirstCall/ -- Global Resource Corp. (OTC Bulletin Board: GBRC) announced today that its microwave technology has converted samples of automobile fluff (ASR) into gases and/or diesel fuel and heating oil.
Automobile fluff consists of materials that are comprised of non-metallic components equaling approximately ten percent of the total weight of an automobile. Currently, these materials are going to landfills across the United States and Europe and costing about $40 to $60 a ton to dispose of. With 16 million cars disposed of each year in the United States and no home for these materials other than landfills, we are burying millions of barrels of oil per year. GBRC can convert this waste material into reusable by- products!
When the fluff is exposed to GBRC's patent-pending microwave frequencies, it is converted by 43% by-weight into gases and/or diesel fuel and heating oil, making fuel from previously unusable materials.
GBRC CEO Frank Pringle said, "We are really excited that our technology works to recycle automobiles. Our technology can really cut down on the waste that disposing of cars currently requires. GBRC endeavors to clean the environment and this will be a huge step to attain that end."
About Global Resource Corporation:
Global Resource Corp. has a patent pending process that allows for removal of oil and alternative petroleum products at very low cost from various resources, including shale deposits, tar sands and waste oil streams with significantly greater yields and lower costs than are available utilizing existing known technologies. The process uses specific frequencies of microwave radiation to extract oils and alternative petroleum products from secondary raw materials, and is expected to dramatically reduce the cost for oil and gas recovery from a variety of unconventional hydrocarbon resources. GBRC's technology will not only be developed to extract oil from shale, but from depleted oil fields in the US and elsewhere, many of which still contain more than half of the hydrocarbons originally in these fields, because the residual hydrocarbons are too viscous to extract with conventional technology.
Contact:
Global Resource Corp.
Phone: (856) 767-5661
Fax: (856) 767-5664
inquire@Globalresourcecorp.com
This news release contains forward-looking statements regarding Global Resource Corp's business strategies and future plans of operations. Forward- looking statements involve known and unknown risks and uncertainties. The forward-looking statements contained in this news release speak only as of the date hereof and Global Resource disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in Global Resource's expectations or future events.
SOURCE Global Resource Corp.
VIASPACE Leverages NASA Technology to Develop Solutions for Growing Maritime Security Market Related Stocks
VSPC
PASADENA, Calif., March 6 /PRNewswire-FirstCall/ -- VIASPACE Inc. (VSPC - news), a company commercializing proven technologies from NASA and the US Department of Defense, is identifying opportunities and developing solutions to meet the growing need for maritime security. Federal, state and local government agencies and private companies are allocating significant resources for security initiatives to protect seaports, inspect and secure cargo containers and improve overall maritime security operations. VIASPACE has an exclusive license from Caltech to commercialize NASA's SHINE real-time inference engine technology for most major applications including maritime security, homeland defense and diagnostics/prognostics. VIASPACE is pursuing port and container security opportunities as part of its overall strategic focus to develop high performance, real-time inference and sensor data fusion-based solutions leveraging SHINE technology.
Seaports and waterways are critical to both world trade and national defense, and in the wake of the September 11th terrorist attacks their security has become a major concern. According to the US Department of Homeland Defense, US ports and waterways are vulnerable given their size, easy accessibility by water and land, large numbers of potential targets, and close proximity to urban areas. They are a critical link in the international supply chain and as such represent a potential conduit for weapons, dangerous materials, drugs and human cargo. A report on maritime security by the United States Government Accountability Office asserts the potential consequences of the risks created by these vulnerabilities are significant because the nation's economy relies on an expeditious flow of goods through seaports and a successful attack on a seaport could result in a dramatic slowdown in the supply system, with consequences in the billions of dollars.
According to the American Association of Port Authorities, US states rely on 13 to 15 ports to handle their imports and exports, which add up to over $1.3 billion worth of goods moving in and out of US ports daily. The US port system is responsible for moving over 99% of the country's international trade by volume and 61% by value. Some 2 billion tons of cargo are moved annually and this volume is expected to double in the next 15 years. Worldwide, there are 3,000 ports employing millions of workers that handle 40,000 ships transporting billions of dollars of cargo every day.
Congress and the administration have been active, through legislation, presidential directives, and international agreements, in enhancing maritime security. Key agencies such as the Coast Guard, the Customs and Border Patrol, and the Transportation Security Administration have been reorganized under the Department of Homeland Security and tasked with strengthening seaport security. The Department of Homeland Defense has spent $28 billion over the 22-month period ended in August 2006 on security-related goods and services in all areas including seaport security while issuing more than 115,000 contracts.
Wholly owned subsidiary VIASPACE Security Inc. is targeting this growing market, pursuing opportunities where real-time sensor fusion technology can deliver substantial benefit in securing ports and cargo. VIASPACE Security is leveraging the SHINE inference engine along with its own development efforts to deliver high performance, real-time inference and sensor data fusion-based technologies, products and services.
AJ Abdallat, President of VIASPACE Security, commented: "There is a major need for technology solutions to improve the security of seaports and cargo worldwide and we believe sensor data fusion technology will play a key role. We see this as a tremendous opportunity for VIASPACE to draw on our proprietary technology and system design capabilities to develop leading edge maritime security solutions and establish a leadership position in this growing market."
About VIASPACE: Originally founded in 1998 with the objective of transforming proven space and defense technologies from NASA and the Department of Defense into hardware and software solutions that solve today's complex problems, VIASPACE benefits from important patent and software licenses from Caltech, which manages NASA's Jet Propulsion Laboratory. For more information, please visit our website at www.VIASPACE.com, or contact for Investor Relations, Dr. Jan Vandersande, Director of Communications at 800-517-8050, or IR@VIASPACE.com.
This news release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to future events or our future performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Such factors include the risks outlined in our periodic filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-KSB for the fiscal year ended December 31, 2005 and our Quarterly Report on Form 10-QSB for the quarter ended September 30, 2006, as well as general economic and business conditions, the ability to acquire and develop specific projects and technologies, the ability to fund operations, changes in consumer and business consumption habits, and other factors over which VIASPACE has little or no control.
CONTACT: Carl Kukkonen of VIASPACE Inc., +1-626-768-3360
This memorandum is for informative purposes only. SISM is an investment research firm without any investment banking activities and is publishing research reports with respect to the securities
of its clients. The information contained in these reports is based on sources that we consider reliable but is not guaranteed by us, nor do our reports represent a solicitation to buy or sell the
securities discussed therein. While the information contained has been obtained from sources believed to be reliable, we do not represent that it is accurate or complete and it should not be relied
upon as such. Kodiak Energy, Inc. pays SISM Research $1,750 per month over a two-year period solely to ensure independent coverage. We do not own any stock of KDKN (and/or options or
warrants relating thereto). SISM Research & Investment Services, Erlenweg 15, 8302 Kloten Switzerland. Phone: +411 881 2020 Fax: +411 881 20 24 All rights reserved.
Industtry:: Gas Expllorattiion & Producttiion
Kodiiak Energy,, Inc.. US$ 1..70
WE REAFFIRM OUR 12-MONTH TARGET PRICE OF US$ 4..00 SISM
Research & Investtmentt Serviices
September 16,, 2006
Anallyst: Ernest C.. Schllotter
Tellephone: +411 881 2020
Kodiak Energy Inc. (OTC BB: KDKN) is an active acquirer of oil and natural gas properties
in Alberta, the Northwest Territories of Canada and in Montana in the United
States. The Company has begun to develop its leaseholds, in Manyberries, Alberta. It
has drilled, cased, and completed the first two wells and one re-completion and is now
in the process of testing the wells to prove if they are commercially viable. So far,
judging by what we have seen in Manyberries, we are cautiously optimistic that the
Company can unlock its full, risk-adjusted potential of approx. 180 Bcf over the years to
come. Using an acquisition price of $2.00/Mcf of reserves, our asset valuation for the
Company exceeds $360 million. Last week, Kodiak demonstrated its strong capability
to acquire world-class projects and successfully signed a major project in the Northwest
Territories of Canada. This could become a company-making asset for Kodiak Energy.
Based on its strong business affiliates, excellent drilling prospects, strong commodity
prices, and experienced management team with a proven track record of operating
performance, we recommend Kodiak as a long term Speculative Buy/4.
Kodiiak Energy,, Inc..
Condensed Ballance Sheet Estiimatiion as of June 30,, 2006
Current Assets $2,059,001
Current Liabilities $259,935
Long Term Debt $53,632
Shareholders Equity $3,023,607
Total Assets $3,337,174
Source: Company reports, business plan, SEC filings
Fiinanciiall Data
FY 2006 Ends December 31, 2006
Market Capitalization US$ 212,7 million
Shares outstanding (06.30.2006) 89,758,428
Book Value/ Share (June 30 2006) $0.03
Price/Book Ratio N/A
Est. 5 Year Earning Growth N/A
Stock Data
52-Week Range $2.75 – 0.20
Symbol / Exchange OTC BB:KDKN
1-Year Return 267.5 %
Reserve Data
Year-End 2005 N/A
Proven Reserves N/A
PV-10 N/A
% Proved Developed N/A
% Natural Gas N/A
One Year Stock Performance
INVESTMENT HIGHLIGHTS::
♦ Last week, Kodiak demonstrated its strong capability to acquire
world-class projects when it successfully signed a major
project in the Mackenzie River basin in the Northwest Territories
of Canada. Based on certain conditions, Kodiak can earn up to a
56.25% working interest on the Exploration License (EL) 413,
which covers 200,000 acres. Subsurface geological studies indicate
excellent conditions for the accumulation of large oil and natural
gas reserves. Based on the agreement, Kodiak must commence exploring
the leaseholds by acquiring 2D seismic for approx. $5 million
prior to June 30, 2007. After completion of the initial seismic
program, it is anticipated that Kodiak will drill two test wells the
following winter to prove the assets.
! Testing the wells to evaluate commercial success in Manyberries
has begun. Kodiak has drilled, cased, and completed the first
two wells and one re-completion and is now in the process of testing
the wells to prove if the wells are commercially viable. If reserves
are sufficient, the Company will build a system of pipelines
and tie in the wells to an existing sales system that should be completed
during 2Q2007. The Company wants to drill five more wells
by the year-end and ramp-up production in 2007 by drilling between
seven and ten wells.
! In its Province, South Alberta leasehold, Kodiak and its operating
partner successfully drilled the first well which is now in production
with a current flow rate of approx. 375 Mcf/d with good
pressure and no decline. In Hill County, Montana, the Company
has identified three drilling locations and is currently in the process
of obtaining the last license. We expect drilling to commence at
any time.
! We are maintaining our Speculative Buy/4 Rating for Kodiak
Energy Inc. with a 12-month price target of $4.00 per share. Our
positive investment rating is based on Kodiak’s extensive resources
and its connections to the North America oil and gas patches that
offer investors tremendous opportunities for growth. In our view, a
failure to raise sufficient Capex money reflects the biggest risk for
the Company to fail in its ambitious drilling and development program
during 2006/2007. After we learn more about Kodiak’s expansion
to the Northwest Territories, we will provide more information
on estimated potential resources for the Company. So far,
judging by what we have seen in Manyberries, we are cautiously
optimistic that the Company can unlock its full risk-adjusted potential
of approx. 180 Bcf over the years to come. Using an acquisition
price of $2.00/Mcf, our asset valuation for the Company exceeds
$360 million. Assuming these assets were on Kodiak’s books, the
Company’s stock might be expected to trade at $4.00 per share. We
believe an investment in KDKN offers investors significant
growth, but it is recommended that shares of KDKN be purchased
only by investors who can tolerate above average risk.
OVERVIEW
Kodiak Energy Inc. (OTC BB:KDKN), based in Calgary, Alberta,
Canada is an active acquirer of oil and natural gas properties in
Alberta, and recently in the Northwest Territories of Canada and in
Montana in the US. The Company could be on the verge of establishing
core holdings that appear to hold a ten-plus year inventory of
low-risk drilling locations capable of significantly increasing the
Company’s net asset value per share over the next few years, while
generating multi-year, double-digit production growth. The Company
has recently begun to develop its leaseholds in Manyberries,
Alberta. It has drilled, cased, and completed the first two wells and
one re-completion, and is now in the process of testing the wells to
prove if they are a commercially viable. If reserves are sufficient,
the Company will build a system of pipelines and tie in the wells to
an existing sales system that should be completed during 2Q2007. In
its Province, South Alberta leasehold, Kodiak and its operating
partner successfully drilled the first well which is now in production
with a current flow rate of approx. 375 Mcf/d with good pressure
and no decline. In Hill County Montana, the Company has identified
three drilling locations and is currently in the process of obtaining
the last license. We expect drilling to commence at any time.
Just one week ago, Kodiak demonstrated its strong capability to
acquire world-class projects when it successfully signed a major
project in Grandview Hills in the Northwest Territories of Canada,
in the Mackenzie River basin. Based on certain conditions, Kodiak
can earn up to a 56.25% working interest on Exploration License
(EL) 413, which covers 200,000 acres. Subsurface geological studies
indicate excellent conditions for the accumulation of large oil
and natural gas reserves. More specifically, Kodiak’s “Little Chicago
Exploration Project” has the potential to become the largest
and most important oil accumulation in North America. Kodiak will
become the initial operator and will commence exploring the leaseholds.
After completion of the initial seismic program, it is anticipated
that Kodiak will drill two test wells the following winter at
approximately $5 million each.
KODIAK ENERGY PLANS FOR LONG--TERM
VISIBLE GROWTH – DRILLING ACTIVITIES
Drilling programs during 2006 are focused across the Southeast
Alberta Prospect, with the majority of work being allocated to activities
in the Manyberries Project and Hill County, Montana’s
Shallow Gas Project. In Province - Southeast Alberta, Kodiak will
accelerate its aggressive drilling program in 2006 and on into 2007.
Major exploration work is expected to kick in in its “Little Chicago
Prospect” in the Northwest Territories of Canada before June 2007,
with an aggressive development program starting in 2008 and extending
beyond. All of these programs will drive production and
reserve growth for the next several years.
STATUS ON KODIAK’S PROPERTIES
MANYBERRIES – ALBERTA,, SHALLOW GAS - Kodiak has
drilled, cased, and completed the first two wells and one recompletion
in Manyberries and is now in the process of testing the
wells in the Milk River zone, to prove if they are commercially
viable. Primary estimation calls for a production flow of between
200 and 300 Mscf/d (thousand standard cubic feet per day). The
Company is planning to drill five more wells before the end of the
year, bringing the potential daily production output to approx. 2.1
Mmscf/d (million standard cubic feet per day) or 350 Boe/d (barrels
of oil equivalent per day). During the last three months, Kodiak has
also purchased and processed a substantial amount of 2D seismic
information to further evaluate and prove both the shallow gas and
the deeper oil plays. There is a major target zone at 3,600 feet for
crude oil. If reserves are sufficient, Kodiak is planning to build a
gathering system facility, which is a system of pipelines with an
initial capacity of 7 Mmscf/d. This facility will include gas compressions
and a sales line. Total costs are estimated to be approx.
US$3.5 million. Construction to build the system should commence
in 1Q2007 and tie in to the existing system is estimated in 2Q2007.
In addition, if Manyberries is a commercial success, Kodiak will
then further ramp-up production from this leasehold and drill seven
to ten more wells before year-end 2007. The Company will then
have approx. fifteen wells in production with a total production flow
between 3 Mmscf/d and 4.5 Mmscf/d, the equivalent of between
500 and 750 barrels per day. The success rate for shallow gas in
wells drilled on adjacent blocks by CNRL, Enerplus, and Encana
has exceeded ninety-eight percent with steady flow rates, minimal
water, and a reservoir life of an average of fifteen years. Kodiak
estimates recoverable reserves to be between 2 Bcf – 3 Bcf per well.
There is also a major target zone at 3,600 feet for crude oil. Estimated
Capex to develop Manyberries is estimated to be $900,000 in
2006 and $5 million in 2007. Negotiations are underway on adjacent
properties to expand the Company’s land base. Kodiak has made an
offer on twenty-six sections of land and is close to signing a threesection
farm-in in its pipeline right-of-way.
Manyberries Field Dates:
Kodiak’s Acreage (09.16.2006) 5,760
Operator Kodiak Energy Inc.
Kodiak’s average Working Interest 100%
Proved Reserves 09.16.2006 N/A
Drill Depth 1, 000 – 4,000 feet
Drilling time 1-2 days
Potential wells to drill 144
Estimated reserves per well 2.0 – 3.0 Bcf
Initial production per well 300 Mcf/d
Estimated dry hole costs C$300,000
PROVINCE – SOUTH ALBERTA,, SHALLOW GAS - Kodiak
Energy, Inc. and High Plains Energy Inc. successfully drilled its first
well, the Granlea, on its 1,280-acreage property. This well is now in
production with a current flow rate of approx. 375 Mcf/d with good
pressure and no decline. After a steady production of approx. six
months, the Company intends to drill to the original target zone, the
Glocomonite. Capital expenditures for 2007 are estimated to be
US$500,000.
Province Field Dates:
Kodiak’s Acreage (09.16.2006) 1,280
Operator High Plains
Kodiak’s average Working Interest 50%
Proved Reserves 09.16.2006 N/A
Drill Depth 2,500 feet
Drilling time 4 days
Potential wells to drill 8
Estimated reserves per well 1 Bcf
Initial production per well net to Kodiak 200 Mcf/d
Estimated dry hole costs C$ 150,000
HILL COUNTY,, MONTANA - SHALLOW GAS - Kodiak, and
the operator of the project, Griffon Petroleum Inc., have identified
three drilling locations and are currently in the process of obtaining
the last license. In addition, equipment has been sourced. We expect
drilling to commence at any time. Subsequent to the drilling,
any successful wells will be tied into existing facilities during the
first quarter of 2007. The expected initial gross production rates are
1– 2 Mmcf/d and 500 Mcf/d per well net to Kodiak, with recoverable
gross reserves of 1 to 2 Bcf per well. In 2006, the Company
allocated approx. $400,000 for drilling and completion costs and
Capex for 2007 is estimated to be US$600,000.
Kodiak’s Acreage (09.16.2006) 105,000
Operator Griffon Petroleum Inc.
Kodiak’s average Working Interest 50%
Proved Reserves 09.16.2006 N/A
Drill Depth 2,000 – 3,000 feet
Drilling time 2 days
Potential wells to drill 210 - 420
Estimated reserves per well 1.0 – 2.0 Bcf
Initial production per well net to Kodiak 250 – 500 Mcf/d
Estimated dry hole costs US$100,000
KODIAK MOVES TO THE MACKENZIE
RIVER VALLEY IN NWT OF CANADA
Kodiak has signed a major project in the Mackenzie River Valley in
the Northwest Territories of Canada that holds the potential of the
giant Prudhoe Bay in Alaska. This is an area were subsurface geological
studies indicate excellent conditions for the accumulation of
large oil and natural gas reserves. The Northwest Territories have
high oil and natural gas potential but the area is relatively unexplored.
This September, Kodiak successfully acquired the license
for its “Little Chicago Exploration Project” which is located within
the Grandview Oil and Gas Prospects. The relative shallowness of
the deposits at Little Chicago, at about 2,500 feet, make this an
extremely attractive project compared to Prudhoe Bay, Alaska,
where drilling depth is approx. 13,000 feet. The Mackenzie River
basin, and especially the Little Chicago area, has the potential for
one of the largest and most important oil accumulation in North
America, with the possibility of recoverable reserves at about 3.5
billion barrels. Total discovered and undiscovered reserves in the
Beaufort Sea/Mackenzie Delta are estimated to be approx. 75 TCF
gas and 8.5 billion bbls oil. Kodiak’s focus area is located along the
Mackenzie River between the Norman Wells Oilfield (150 miles to
the south) and the Mackenzie Delta (100 miles to the north).
Kodiak Energy has signed a farm-in agreement to earn up to a
56.25% working interest on the 200,000-acre Exploration License,
EL 413 in the Mackenzie River Valley, and centered along the
planned Mackenzie Valley Pipeline. Based on the farm-in agreement,
Kodiak will become the initial operator and will commence
exploring the leaseholds by acquiring 2D seismic for approx. $5
million prior to June 30, 2007, thus earning a 12.5% working interest
in the properties. After completion of the initial seismic program,
it is anticipated that Kodiak will drill two test wells the following
winter at approx. $5 million each. Physical exploration activity is
essentially limited to the winter months, generally November to
March, when the surface is frozen, allowing surface access for
equipment with minimal environmental impact. By drilling two test
wells on the farm-in land, Kodiak will earn an undivided 50% of
two 20,000 acre test well blocks. The Company will have a continuing
rolling option to drill additional option wells on the remaining
unearned 20,000-acre test well blocks.
Numerous surface gas seeps, oil seeps, and oil and gas shows in
wells drilled near Kodiak’s land verify the existence of hydrocarbons
in the subsurface. The Norman Wells oil field has been in
production since 1943 and produces approx. 1 million barrels per
day. It is owned and operated by Imperial Oil Limited (ESSO). The
Norman Wells oil field was discovered on the basis of such oil
seeps, and Kodiak’s prospects could have a similar potential to the
500 million-barrel Norman Wells field.
STOCK RECOMMENDATION
We are maintaining our Speculative Buy/4 Rating for Kodiak Energy
Inc. with a 12-month price target of $4.00 per share. However,
it is difficult to predict accurate revenue and income figures as
Kodiak is still a very early stage oil & gas company, and on an
operational basis, it is very new. Our positive investment rating is
based on Kodiak’s extensive resources and its connections to the
North America oil and gas patches that offer investors tremendous
opportunities for growth. In our view, a failure to raise sufficient
Capex money reflects the biggest risk for the Company to fail in its
ambitious drilling and development program during 2006/2007.
Asset value: After we learn more about Kodiak’s expansion to the
Northwest Territories, we will provide more information on estimated
reserve for the Company. So far, judging by what we have
seen in Manyberries, we are cautiously optimistic that the Company
can unlock its full risk-adjusted potential of approx. 180 Bcf over
the next years to come. Recent industry mergers and acquisitions
were closed at $2.58/Mcf of reserves. Using an acquisition price of
$2.00/Mcf, our asset valuation for the Company exceeds $360 million,
even without any anticipated value from its assets in the
Northwest Territories. Assuming these assets were on Kodiak’s
books, the Company’s stock might be expected to trade at $4.00 per
share. We believe an investment in Kodiak offers investors significant
growth, however, due to the fact that the Company’s business,
on an operational basis, is relatively new, it is recommended that
shares of KDKN be purchased only by investors who can tolerate
above average risk.
Anallyst Diiscllosure
Analyst: Ernest C. Schlotter
Ernest C. Schlotter has been an analyst in the energy field since
1998. He is a securities analyst covering energy with SISM Research
& Investment Services, Zurich, Switzerland. His areas of
focus have included all energy industry sub-sectors, with a focus on
independent companies in exploration/production. According to
the tracking firm StarMine based in San Francisco, Ernest C. Schlotter
is a four out of five star analyst for EPS estimate accuracy.
Analyst Certification:
I, Ernest Schlotter, hereby certify that the views expressed in this
research report accurately reflect my personal views about the subject
securities and issuers. I also certify that no part of my compensation
was, is, or will be, directly or indirectly, related to the recommendations
or views expressed in this research report.
I did have those but sold off to collect some profit to pay for the fee's that I have incurred so far by shooting in the dark all these months. I was a little hasty in selling the first 1000 and then just kept selling up a few cents up with each additional 1000. With the last 806 (had 5806 altogether) I put the limit at $2.85 which I didn't think that they would go to that, but what do I know? So now I've bought in again between $2.58 & $2.60 and am looking to 'reload' as low as possible to bring my average price per share down. Does that make sense? Does this sound like a decent concept? Do you think it will be after Christmas before the prime buy in time will happen?
I was able to sell some at $2.85 this morning also :) 2 of my sons were able to put some profit into their new little portfolios- they were almost as excited as I was! They received .31 per share and I bought in again at $2.58, but will avg out for them once I buy lower.
---
To anyone that knows.....
Do people investing for children usually open up a custodial account even with small amounts like a few hundred dollars?
Do you mean just over $2 ?? If so, WOW! I was thinking that if I could get in around 2.35 I'd be happy (if you haven't read my previous posts, I don't know anything about anything trade related - technical or non-technical) I am excited to know that 'technically speaking' I shouldn't get too itchy to use up all my funds too soon. Thank-you VERY much for helping me aim much lower than I would have.
ps... I know that there are no guarantees and I am fully responsible for my own decisions. I just appreciate the advice :)
Thank-you zigbee! I appreciate that to use as a general guideline. I do understand what you mean... nothing is guaranteed. I sold some and am planning to buy more as well. I will make sure I take care of reloading before the end of the year. What target price are you hoping to purchase more at if you don't mind me asking. If I'm asking too much info, please just ignore me :) Thanks again for responding!
So if I am understanding correctly, this stock should go down again before the launch? How low does everyone (anyone) estimate it to go down to when? I'd like to buy more and want to try to get the best timing (unlike last time). I'd also like to get a few more friends in on this with some good long term positions.
Please PLEASE could someone or everyone offer your opinion?
-- I am attempting to learn to read the charts, but not confident in any ability yet, so thanks to anyone willing to speculate that is more experienced than I.
Why thank-you :) I'm happy to be able to visit.
Thanks :) Still working on figuring everything out... I appreciate you posting the chart.
What do you think it is going to up to? Do you think it will go down again? If so, to what approximatly?
Thanks Madtony :) I think so too. I just need to figure out which ones and how. I am thinking that I need to transfer everything to free trading zecco first since the $15 fee's through sharebuilder will kill me and the only way to get it cheaper is to trade on a tuesday morning in que making the decision on monday. I'd love to post what I have to see what you all think if I thought it would be appropriate.
Thanks again for responding :)
First of all, let me thank you very much for taking the time to respond to my post. That is very nice of you. After I posted, I thought... who here would want to take their valuable time to respond with anything more than "take a class idiot".
After reading your post, I am overwhelmed at how much I have to learn.... overwhelmed but determined. There are so many resources online that it is hard to know how to go about finding the best source for learning the basics. There is nowhere in my small, depressed community to get a live interactive education on this subject and being the mother of 4 with many other responsibilities does not allow me to travel to the nearest community college to take a course. Is there a good book or something else that anyone could recommend? Where do people get their information to be confident that they are equipped with what they need to know to make good decisions investing? Like I said, I don't know anyone personally that trades to pick their brain, so I don't know what I don't know and I feel like a pest posting what I am sure will be deemed as ridiculous questions and afraid of defying the rules as a 'keep to the subject' on a board. (this is the first board I've ever posted on, so if I am irritating anyone, please accept my apologies in advance and just let me know to stop posting).
Since no-one has kicked me off yet, I will take a risk (you can see I am good at that LOL) and ask a bit more.
I am so new that I am finding that I am constantly looking up every abbreviation and term. For example, I didn't even know what 'shorted' meant. I think I understand now since I just looked it up... I see that an investor can check the percentage of short interest. I am wondering where that information would be? For this company, I looked on the website but didn't see where it may be located. I am so sorry to anyone reading this feeling as if it is so elementary that it is a waste of time to read, let alone respond.
Since delving into anything that came my way that looked like a 'good concept', I have now learned how extensively each company should be researched. I would love a fresh start by selling everything... but now I am afraid of that since of course, some have went up and some have went down. I don't know what I may have locked in at a good price and what I should get rid of because I'm going to keep losing. I would love to post what I have but would never want to presume anyone would want to look at it to help assess. As far as getting a broker- well, I don't know who to trust since I was telling a quite well off friend about Skin a few weeks ago and that person, who is good friends with a broker, said they would like to invest in sknn because they trust 'my' opinion over their professional friend since most people they like that are in it for themselves. No offense anyone.. I am sure their are very good professionals out there, I just don't know anyone. Anyway, them trusting MY below amateur opinion over one of a pro is VERY disturbing to me and confuses me as to where I should turn. Any suggestions there?
Can I ask another question please? Does anyone know of Cramer on CNBC? My husband believes he's a paid advertiser of those companies he recommends. He pointed out that if he really was that good, that he would be so wealthy by his own advice, why would he be trying to make money on television and with the sales of his book. I can understand why he may still want to.... fame and all. Mind you, this is after my husband watched 1 episode. I just found that program last week and have watched 3 of his shows so far. What does everyone think? Is he respected in the investment community?
One thing that he said on the show- Bulls make money, bears make money and pigs get slaughtered. Is there a rule of thumb on percentage increase that investors consider satisfactory and to ride for more would be 'piggish'?
Relating directly to skins- at $2.53 average with over 5000 shares.... is it possible to ask opinions on what experienced traders would do? I am probably asking a silly question again since I can see the potential of this question having so many variables but I guess it's worth a shot to throw it out there since I really wish I knew how to handle it.
Again, thank-you so much for your response to my previous post... I really appreciate your time and please do not feel obligated to reply to this post if you don't want to. I am more than happy and understand if you would like me to hand back the lid to the 'can of worms' that you opened if you'd like. :)
one more question.... Anyone heard of or is a member of zecco?
oh and another thing- transferring accounts- I began in sharebuilder, then opened an ex24 account and plan to transfer everything to zecco (barring negative consensus) --- is there anything I need to watch for in transferring?
ps... sorry about the 'book' here.
Anyone willing to speculate here further?
So.... what do you experienced traders think here?
Hello everyone!
Thank GOD I found this board! First of all, let me just say that you guys are AMAZING and I WISH I would have known then what I know now just by reading what everyone was saying here over the last few months. I have read every post from the beginning to end just this morning--- WOW -- I can't believe that you guys just offer your valuable opinions here for FREE! I gained more perspective here in an hour reading this board than I have learned fumbling around the market like Helen Keller for the past few months. I was enjoying watching the comments pertaining to the build of the 'over $2' and 'over $3' days and also all of the positive takes on the stock. I was feeling a little ill seeing the negative comments. I first bought in a small amount at $1.67. Then continued to buy as the stock rose and fell and rose and fell. Talk about a roller coaster ride of emotions! Too bad I wasn't smart enough to know to buy/sell/buy/sell/buy. (yes, I am THAT uneducated) I have just started (very ignorantly) trading (or shall I say buying) a few months ago. I have lost a bit.... mostly just in fee's- but am seeing the potential of what $ could be made if I only had a clue. I have never even had a discussion with a broker or a stock trader to gain any experience at all. I just kind of dove in and shot what money I had around wherever the wind blew me. LOL... I know- since then with the little I've learned, I see myself as an idiot. I guess I've been pretty lucky to only be out a tiny affordable 'learning curve' amount so far. I am so glad to see those of you who are so experienced into SKNN. I do really believe in this company and have wanted to be in it for the long haul since I came upon it by accident a while back. I made a huge mistake buying 1500 when it was at $2.88 which brings my average share price up to about $2.54 for my just over 5000 shares.
So here I am, on my knees hanging my head in shame over my foolish, naive, impulsive history to plead with you experienced ones to tell me it's OK. Please tell me that even though I have this much at this price that I can still send 3 of my teenage sons to college, bail my 5 year old out of jail someday and have my husband not divorce me for blowing my wad in 4 months with no council ;) LOL- no really, could you give me your opinions as to what you would do in my position. I've pretty much used all of the money I had to play with and now that I have learned about .00000005% of what there is to know about trading- I see the error of my ways. What do you think? Anyone want to take on a poor orphan for a moment and reply? Should I sell a chunk when it goes up? If so, how much at what price. I want long term but also, I want some money to use a little more wisely to put into other things too. Right now- like a complete imbecile, I have money in about 30 different stocks with the bulk of it being in SKNN.
My other ? --has anyone here heard of zecco.com? If so, what do you think?
I am sorry if this post is too long, doesn't conform to this board or is so uneducated that it is not welcome here.
Maybe there is a better board to post this on?
Is there a board titled "Moronic Newbie Traders About To Sell Services On The Street Corner To Make Up For Impending Losses If They Don't Have Advice SOON"???
Thanks so much for any one that would be so kind as to take a moment to lend your much appreciated opinion.
Feel free to outwardly criticize me or name call at will.... I know, I deserve it since I've broken about every golden rule a trader could have.
Thanks again - Di