Buying low, Selling High
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Agreed, We both like the charts here, and I must say it's a pleasure to have your class and beauty here on the LGBS Ihub board!
Let's look at the facts: Today we had a high volume outside day that launched off the rising 50 day moving average(That's my perfect buy in point), price is above it's rising 50, 100 and 200 day MA's, and price is above it's rising 20, 50, and 100 WEEK MA's, and price broke out over the declining 200 WEEK MA, and now came back to check the breakout point.....what was once resistance now becomes support, that's CLASSIC TECHNICAL ANALYSIS....My price target for LGBS is .0075.
https://gem.godaddy.com/s/4cc95a
Did you buy those 10 Mill at the top of the volcano?? no wonder you are upset, you paid over a penny for fat cat because you chased it, OUCH! you have to Buy'em low and sell'em high, LOL!
FRZT seems like a dead cat now, no bounce, I bought at .0022 and sold .0049, I thought I messed up and sold too early, and I did, but now I'm glad to have taken the profit here.
Just added some 9's, PSRU is going to climb the MP board, more eyes on this one, big rally coming here imo, PSRU
Don't get fooled into buying "Skin Cream", What's next? Hair Tonic? Pet Rock? LOL!!! AHHH, remember what Mr. Haney says: it's "Space aged technology" "Gar-onn-teed!" LOL!!!
Key reversal day!!! I thought we tested 5's but actually some trades went under 5's(What broker let's you trade in 5 digits????.00000???) So today we took out yesterday's low at 5's and now are taking out yesterday's highs at 7's ON HEAVY VOLUME.....Sweet buy signal imo, LGBS
Today looks just like yesterday and last Thursday, we dip to test the rising 50 day MA, then bounce back up, chart's looking primed and ready for a big move higher imo, LGBS
Legendary move coming for LGBS imo
Legends Business Group Inc (OTCMKTS:LGBS) Making Big Moves
By Jarrod Wesson
Posted on June 26, 2017
Share
Tweet
Share
Email
Comments
Shares of Legends Business Group Inc (OTCMKTS:LGBS) surprised market participants this month. Shareholders obtained 200% return in just a few days, as the market celebrated the announcement of a new era in the history of this business entity. In this piece, we will explain briefly what was put out to cause such a market reaction.
Source
Legends Business Group, Inc.
LGBS is a Nevada holding company formed in February, 1999. The business objective is said to be “acquiring and managing a diversified portfolio of profitable, growth-oriented companies“. In the company documents, we found that the company specializes in the following industries:
“- The development and testing of various alternative and exotic energy products for marketing to the general public through a manufacturing partner or licensee.
– Manufacturing and/or testing various battery charging products for which it has applied for patent protection. The Company focuses on manufacturing (either internally or through a partner) and marketing these battery products.” Source
The alternative energy sector and the development of patents for manufacturing are exciting activities that, at this point in time, are bringing interesting returns to the market participants. We have also reviewed other companies operating the same businesses. Market participants can check, for example, Dolat Ventures Inc., which focuses on the development of batteries for “New Energy Vehicles”, or Mass Megawatts Wind Power Inc, the energy systems company developing environmentally-friendly technologies. By checking these articles, market participants will be able to understand the positive reaction in the share price that caused the new developments of companies operating in those sectors. LGBS’ management has demonstrated its capabilities, being quite smart, by opting to enter into these industries.
Recent news and Financial perspective
On June 14, 2017, the company announced that it would commence a “Brand New Era“. Why? A new CEO with expertise in the oil and gas sector was about to be elected. On June 20, 2017, the new business executive was introduced to the market:
“Brian Estrada was appointed as Chief Executive Officer of the company. Estrada brings with him knowledge and background in the Oil & Gas sector for the company moving forward.” Source
Let’s review the financial statements. The company had not yet reported the revenues, thus we will focus on the BS. The following are the most important assets and liabilities of LGBS from the last quarterly report:
Developments Costs: $440,000
Intellectual Property: $85,000
Marketable securities: $30,000
Notes Payable: $790,000
Additionally, there is an interesting account to mark in this company. The accumulated deficit is $9,541,112. What does it mean? These are Non operating losses, which will be tax deductible for the company. Once the company acquires businesses that report revenues, the amount of taxes paid will be less because of this NOLs. The following text is from the Investopedia:
“A net operating loss (NOL) is a loss taken in a period where a company’s allowable tax deductions are greater than its taxable income. When more expenses than revenues are incurred during the period, the net operating loss for the company can generally be used to recover past tax payments.” Source
Is this a normal practice? Yes, holding companies usually chose business entities with large deficits.
Biggest Catalyst and Conclusion
Undoubtedly, the biggest catalyst is the company’s entrance into the Oil and Gas sector and the election of the new CEO. These are very recent events that many not have been fully incorporated into the share price. Entering a new market means that the company will be able to compete in another domain, thus potential revenues increase. In addition, a new face in the company will probably bring about a lot of changes. The new executive may want to create new teams, increase efficiency, and the company’s flexibility. This is always good for the organization. Market participants may believe that the new changes are a good reason to buy shares of the company. If enough market participants act in this way, the share price may creep up. Hence, we encourage email subscribers to be alert regarding the price action. Additionally, we expect the new CEO to release new corporate developments, thus check the company announcements as they happen.
We will be updating our subscribers as soon as we know more. For the latest updates on LGBS, sign up below!
Image courtesy of Flickr
Disclosure: We have no position in LGBS and have not been compensated for this article.
Added a mill 7's today, chart looks ripe for take off, PSRU
Here comes the rally on the great news!!! PGPM
Pilgrim Petroleum Corporation Retains BF Borgers CPA Firm to Become a Fully Reporting SEC Company
Jun 27, 2017
OTC Disclosure & News Service
Addison, TX -
Pilgrim Petroleum Corporation (PGPM), an oil and gas exploration development (E&D) company focus in proven fields exploited by well managed independent oil companies extracting reserves at lower risk and lower cost than unproved prospects. Our parent is Pilgrim Petroleum PLC, a private company (E&P), focus in domestic and international areas where major oil and gas producing companies have reduced their exploration efforts in search of larger reserves.
Management is pleased to announce that the company has retained BF Borgers CPA a registered Accounting firm with the Public Company Accounting Oversight Board (PCAOB), the accredited accounting firm will complete the audited financials of the company and plans to file a registration statement with the Securities and Exchange Commission (SEC) under the Securities Exchange Act of 1934 for the purpose of becoming a reporting company.
Management commented "in reflection of our commitment to our shareholders, we trust that it is in the best interest of our investors to move up to the more distinguished market, where our Company will have greater visibility to a larger group of investors." The Company will keep shareholders updated as events unfold with the process, as well as other projects currently underway.
Being a fully-reporting issuer significantly expands the companys eligibility for both analyst coverage and investor interest. Many institutional investors are unable to acquire the securities of a company that is not fully reporting with the SEC. As a fully reporting 1934 company, the companys filings will now be accessible through the SECs main website (via the EDGAR system), allowing investors, the general public, and financial analysts to extensively review the Companys operations and financial performance.
Legal Notice Regarding Forward-Looking Statements:
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. About Pilgrim Petroleum Corporation. Headquartered in Addison, Texas, Pilgrim Petroleum Corporation is a publicly traded company (PGPM). Pilgrim Petroleum Corporation is an independent oil and gas company. The company is acquiring oil and gas leases, producing properties, mineral rights, and surface interests. Once acquired, the company intends to develop each property to maximize the income from each property by refurbishing and improving the existing production. Forward Looking Statements: can give no assurance that such expectations will prove to be correct. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. Factors that could cause the companys actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: The success of the companys exploration and development efforts; the price of oil, gas and other produced gasses and liquids; the worldwide economic situation; changes in interest rates or inflation; the ability of the company to transport gas, oil and other products; the ability of the company to raise additional capital, as it may be affected by current conditions in the stock market and competition in the oil and gas industry for risk capital; the companys capital costs, which may be affected by delays or cost overruns; cost of production; environmental and other regulations, as the same presently exist or may later be amended and the companys ability to identify, finance and integrate any future acquisitions. You are urged to carefully review and consider the cautionary statements and other disclosures. Forward-looking statements speak only as of the date of the document in which they are contained, and Pilgrim Petroleum does not undertake any duty to update any forward-looking statements except as may be required by law. The statements which are not historical facts contained in this release are forward looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements. 2017 Pilgrim Petroleum Corporation. The information herein is subject to change without notice. Pilgrim Petroleum Corporation shall not be liable for technical or editorial errors or omissions contained herein.
Shareholder inquiries:
info@pilgrimpetroleum.com
Copyright © 2017 OTC Markets. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
PSRU is in true blue sky breakout territory, that is prices are above all the rising moving averages both daily and the weekly charts...20,50,100,200 day, and 20,50,100,200 week MA's
Love the chart, price jabbed down to test near the rising 20 day MA and bounced to close higher, a continuation reversal imo PSRU
Buy BKEN, Oil's hot
Looking good here, BKEN
I think Pilgrim and PDGO will ping pong upwards with the good news to come, feeding the frenzy for these oil companies
My target price of .0060 still very much intact, PDGO
Daily stochastics oversold and now crossing higher, and with the support at the rising 50 day MA, PDGO is a screaming buy here imo
The rising 50 day moving average is a great place to buy OTC stocks imo, PDGO
Gotta love how prices bounced off the rising 50 day MA PDGO
Daily stochastics oversold and now crossing higher, LGBS
I like how prices dipped to 5 (Right at the rising 50 day MA), but closed at 7..... both today and last Thursday LGBS
Don't see any gaps on the daily chart, only on Clay's 30 minute charts...I consider all gaps filled because I use the daily charts. Go PGPM, can't wait for the progress from this company to continue.
Glad to be an owner of PSRU, chart looks like it's just getting started
Price is starting to percolate, all the moving averages are starting to curl higher and price is above all daily and the weekly MA's except for the 200 week. 2 weeks ago, the week of 6/12 shows a nice key reversal outside week that launched this recent move higher, DIGX
SANP ready for action here, the 100 and 200 day moving averages continue to trend higher
All the daily MA's and even the 20, 50, and 100 week MA's are trending higher, price is above all the weekly MA's ...the daily chart shows great support at the rising 50 day, but the weekly chart shows off WSHE best because WSHE is in blue sky breakout territory IE: Price is above all the weekly MA's, we should be popping to .0080 then .01 soon imo
PS: RIP Ronnie James Dio...his music was an influence to me, with Black Sabbath and Solo, along with Vivian Campbell one of my favs.
"Invisible" has one of the greatest guitar leads ever! I get goose bumps thinking about it!
ZNTR: the 20, 50, 100, and the 200 day moving averages are trending higher, and the weekly chart shows the 20, 50, and 100 week moving averages still trending higher, ZNTR
Daily stochastics buy signal, should see a nice bounce this week imo, SVTE
"Paradigm is a growing oil and gas producer, currently holding 30 leases with nearly 300 wells." PDGO
"we expect some news this week. The most likely scenario is a buyout by a larger oil company." PDGO
Looks ready to run higher this week, I like the pattern of higher highs and higher lows, PSRU
Push to a penny this week, the GFR day(Gap filled reversal) last Wednesday holding well and last weeks green week on the weekly chart shows a bounce off the rising 20 week MA support. PGPM
Price is at the rising 20 day MA(A great buy in area) and it's also supported by the rising 50, 100, and even the 200 day MA. The weekly chart's also supportive with an inside week last week above the rising 20 and 50 week MA's, PDGO
Great chart news!!! The 20 and 50 day MA's are trending higher, the 50 day hasn't done that since March 22, also Friday dipped below the rising 20 day but bounced back above it(A sign of momentum), and the weekly chart shows the 50 and 100 week MA's trending nicely higher, and all this is supported by the weekly bullish stochastics divergence clear buy signal. ORRV
Love the chart and how the rising 20, 50, and 100 day moving averages are trending higher and offering support for prices, OMVS
"LGBS primed for the next run!
Hi Everyone,
LGBS was steady on Friday, mostly flat, but the way things are looking, this ticker could see much better!
The chart looks ready for a break out as short sellers are getting squeezed deeper and deeper. The clock is ticking for them, and their only way out will be to buy as much LGBS as possible to cover their positions!
We remain 100% confident in LGBS and its ability to potentially deliver MUCH MORE gains for our members in the weeks to come.
The company has been totally on fire recently announcing a fresh new CEO who brings with him interests in the Oil & Gas sector!
It seems like everyone holding LGBS wants to see it hit multi penny levels soon!
As you all know the company’s former CEO recently went and met with New Era Petroleum in WY. Why is this a important you ask? Well, LGBS is a company that set to take on mergers and acquisitions… “we are updating the company website.”
We believe that LGBS is on the verge of announcing something explosive. The recent PRs along with "please look forward for more news, filings and updates," sure does have potential for a reverse merger.
We will not be left standing on the sideline as LGBS soars to new highs.
NOW is the time to act on LGBS!"
Happy Trading,
Shocking Penny Stocks editor
https://gem.godaddy.com/s/4cc95a