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.
I do not understand what you mean, can you elaborate?
Thanks mimurray,
I studied as a pre-law before realizing that I had no interest in becoming a lawyer, and this realization comes from another observation I made: words are insufficient to communicate meaning. To apply this observation in the case of UVSE, it appears that there is conflict about two questions: first what is the true quantity of outstanding shares in existence presently? and secondly, what will be the future quantity of outstanding shares in existence in the future. From the recent filing, Univ. Energy management expresses the NEED to raise the authorized shares limit to 1,500,000,000, but management does not express the WANT to release more shares at least in the near term. By reading the legal meaning of their words alone, we can discern these two facts from the case. This reading tells us that the outstanding shares remains 250 million; this reading also tells us that we do not know how many shares will be released in the future. The weakness of words allows for the company to go back on its word about not releasing further shares in the near future as they stated. So long as management has kept its word in the past--which is highly probable since they are a public company which legally filed statements--we can surmise that the present outstanding share quantity at 250 million. And so long as management keeps its word about the future when it said there were no near plans to increase outstanding shares, then we can surmise for at least now that there will remain only 250 million shares even after they increase the authorized share limit to 1.5 billion.
If anyone questions whether there are more shares than 250 million, then that person or group of persons will be questioning the legality of the company's issuance of more shares than is authorized. Logically speaking, if the authorized shares was previously 250 million, and if the outstanding shares released by the company reached the 250 million mark, then it must necessarily follow that there are only 250 million shares in existence presently. The fact that the company is meeting to vote for an increase of authorized shares deductively means that the authorized share limit has been reached. And so, as of today, the quantity of outstanding shares equals the quantity of authorized shares: 250 million.
The August 20th meeting in Las Vegas, which I would love to attend since I have a severe gambling problem, only votes on the increase of authorized shares to 1.5 billion so that the company can release more shares exceeding the 250 million in the future if they need to finance their operations. If the profitability of their operations outweighs the weight of the quantity of shares released beyond the present 250 million mark, then there is nothing to worry about. But as I stated in the beginning, there is only so much we can say and do using only words. Much of what I have just said---concerning the true pricing of UVSE presently and the true pricing of UVSE in the future if more shares are released---can only be further explored by means of mathematical models or "crunching the numbers" as some like to put it. Those members on this board who have contributed their own speculations as to the possibility that UVSE is trading in the form of more than 250 million shares has presented various models such as Fibonacci, but these models are only true IF there was illegal deception perpetrated by the company in releasing more shares than the authorized quantity. Those of us who have confidence that the company has not illegally released more than 250 million shares will maintain that UVSE only trades 250 million shares. We must also take into account the practice of naked short selling by Market Makers, and how naked shorts would account for the immense trade volume. If UVSE is being nakedly short-sold, that means it will APPEAR as though there are more than 250 million shares, because naked short-selling is the selling of stock short without having actually borrowed the stock. It is one of the problematic practices that the SEC has allowed to exist, and so I would conclude that perhaps naked short selling is the source of our confusion about the true quantity of UVSE's outstanding shares. If UVSE has in fact been nakedly short-sold by Market Makers, then once these naked shorts cover their positions it will produce a most beautiful and lovely symphony of green bars firing into the upper strata of any chart which attempts to contain UVSE within its limits. Ah, how poetic.
Regards,
Ben
I am a human being, therefore I make mistakes.
yeah, I've frequented their site more recently to check what the site says about UVSE, and I have come to the conclusion that they (and by 'they' I mean the coding/algorithm the site uses) price stocks on a day to day basis, which is a very microscopic way of trading stocks. It is also based purely on day to day technicals and does not factor in the existence of tentative news concerning the company's projects. I think American Bulls would be useful for persons who hold stock for a day or less. I also think that their buy and sell ratings have been quite accurate, given that a person could have traded in this manner and turned a healthy profit after each round trip trade:
07.17.08 0.0240 Sell
07.11.08 0.0185 Buy
07.08.08 0.0330 Sell
Plus, by using mainly candlestick charting, the site waits for confirmation of an uptrend:
"The last two candlesticks formed a Bullish Harami Cross Pattern . This is a bullish reversal pattern that marks a potential change in trend. However, its reliability is not very high and it requires confirmation. "
FLAnow,
I stand by my price forecast of $0.05 to $0.10. I believe UVSE will break its previous resistance of $0.039 and move beyond $0.04. This is merely a BELIEF and not a knowledge claim; none of us know what UVSE will price at, because none of us know what the future holds. But lets not get philosophical. I am not pumping or hyping up UVSE here. I am merely sharing my probabilistic reasoning and observations.
oilin,
An increase in the authorized shares does not necessarily mean that there will be an increase in the outstanding shares; however, it does open up the possibility for dilution, but only for the purpose of financing both current and future projects. The company stated that it would increase the authorized shares to 1,500,000,000 so that in the future it could release more shares when needed. But as stated in the recent filing:
"The proposed increase in the number of authorized shares of common stock will not change the number of shares of common stock outstanding or the rights of the holders of such stock. Other than for the possibility of issuing new shares of common stock upon the exercise of outstanding stock options or warrants, the Company does not have any immediate plans, arrangements, commitments or understandings with respect to the issuance of any of the additional shares of common stock that would be authorized by the proposed amendment to the Amended Certificate of Incorporation. "
This statement means that the current outstanding shares presently is the maximum of authorized shares. That is to say, the current outstanding shares now equal the authorized shares, a quantity that was previously increased to relieve the company of 6 mil. in debt. It is because the maximum of authorized shares has been reached that the company now seeks to increase this limit so that in the future it can have the option--the option, the possibility!--to release more shares. If and when it does so, then it is in case the fact that dilution will occur, but it must also be realized that dilution stands in an inverse relationship with the company's growth. The more the company grows and becomes profitable---the more assets it holds and the more revenues it generates---then the less the dilution will matter. Think of the example of Google, and how GOOG is presently priced between $400 to $500 with a float of 314 million shares. If Google were to introduce more common stock, it would of course necessarily follow that the quantity of shares in the float would increase and due to supply and demand constraints the price would logically decline only if everything else were held constant. But everything else is not held constant, since the stock does not become any less weaker as a long term investment just because there are more shares. Shares rightfully decline in value only when there are severe underlying problems with the ability of the company to grow and produce, such as with the financial firms presently struggling to maintain liquidity.
Though an increase in outstanding shares would decrease the stock's price, it would only do so by a large degree if the company is also not generating adequate revenue to offset the quantity of shares in the float. UVSE fell in price from $1 to $0.01 recently because during this period it suffered intense dilution coupled with the perception that the company is not developing. But as we have read in the recent PR releases, this developmental company is in fact producing and thus moving into a +800% increase in revenue for the thirds quarter of 2008. I maintain my confidence in this company only on the grounds because it continues to produce and to generate increasing revenue. It is quite unlike other developmental OTCBB companies, which only produce PR releases about "future prospects" and "innovative products under development" to hype their stocks. With UVSE, there is no hype, because we know from the filings that they own wells, that they have constructed pipelines, and that they are turning from a revenue stream of $0 to $300,000 per month.
P.S. from now on I will only write incredibly serious posts. I apologize for the incredibly ridiculous yet humorous posts I wrote before. I also apologize for writing long posts; unfortunately my style of writing includes long sentences and long paragraphs. I am not paid to pump stocks as an Investorshub member has accused me of doing. I own 337,452 shares of UVSE.
Good point, I did not think about that.
I apologize for the mix-up BMiles, and as for the comment about CDs "already being sold" I do not think that is confirmed until we find proof of such dilution. The company has already released today the notice of potentially increasing the authorized shares to 1,500,000,000 upon voted approval at the August 20th meeting. Just because UVSE is pricing lower does not mean that more CDs are diluting the OS pool; UVSE is pricing lower but only gradually this week due to lowered futures in oil and gas as well as due to the pending nature of the Lone Oak project. Remember that Univ. Energy projected a 12-July-2008 date to finish their drilling, but since they did not finish by the 12th it is reasonable to see some people selling and exiting their positions in response. Also, if you watch the February 2008 interview of the CEO, he specifically says 80% of their production is natural gas, and since natural gas has priced significantly lower this week, this lower pricing will undoubtedly have a significant adverse effect on UVSE's share price. Please note that this is NOT a primarily oil-producing company; their production is 80% natural gas and 20% crude oil according to Billy Raley.
Agreed, there's no reason for name calling here. If you want an example of a pumper, look up UVSE's Google Finance board; some guy over there under the alias of "Ben Bien" has been pumping UVSE consistently. But here on investorshub we've kept our posts very factual and conservative. Here on IH, we have standards! Plus, I'm dead scared of getting kicked off so I certainly am not pumping here.
Yes, GOOO Universal Tanning Ventureeess! =)
Brody? I thought your name was Brad? Anyway, yes, it can go either way, there is no such thing as 100% certainty, especially in these matters. But you are right: the potential upside is probabilistically higher than the potential downside, with a downside being a return to 0.01 or below, and an upside being a return to 0.10. I had no idea your cost-basis was 0.08 pps, but since you say you have the resources to average down I would have to say that in my subjective opinion---and this is my subjective opinion here!---that there is no harm in averaging down since as you said, the worst case scenario is that this returns to 0.01 or even below. Considering there might be further share dilution in mid-August, the time window is closing quickly and so again, in my opinion, if UVSE is to show a recovery then it only has between now and early August to move higher back into the 0.08 to 0.10 zone. But if it does, this would represent either a small gain or a break-even point for you..So if you average down and the Lone Oak news is in fact positive, you stand to regain a significant amount of what you are currently down. Considering that many U.S. based oil companies are still drilling and producing in the Texas and Louisiana area, and given the many examples you gave about other oil and gas companies that are not profitable yet still holding their pricing, I would think---and I think in probabilistic terms---that it is probable for Lone Oak to be successful. The period we are seeing right now is a very gradual, painstakingly slow period of consolidation and even stagnation as I have said in previous posts. But the question remains: do traders profit most by buying AFTER something surges, or do they profit most by buying right before something surges? It is possible to make money by buying after a confirmed breakout, but doing so also leaves you exposed to the breakout breaking down. I am glad to hear you disclose that you have 400,000 shares, because now I can fully relate since I have 337,452 shares and I maintain the same perspective. Today's candle and close at 0.022 represents once again UVSE's tight hold at a steady level. This can only represent the pending nature of the stock and thus the pending attitude of those holding the stock. We need not worry about short sellers here, since UVSE is perceived as being at a severe bottom, and shorts would not want to leave themselves exposed to a sudden run up. So the only selling pressure would come from MMs and those who have been holding the stock already, but as noted, those who have been holding the stock either already sold and took a loss or they are still holding because they do not want to lock in a loss just yet. If I had bought in UVSE at around the 0.10 to 0.50 level I would be holding right now, because there IS in fact a strong possibility that this company will develop and grow its share value.
yeah, I can say bottom: B-B-BOOOOTTOM. Only a matter of TIME, friends, only matter of TIME. It's not a question of IF, it is a matter of WHEN.
your nose if off, I smell stagnation at the 0.02 to 0.022 level until that Lone Oak well is finalized and we see pictures of Billy Raley covered in oil grinning. yeeeehaw, TEXAS!
The force is strong with you, BMiles. I, too, felt a great disturbance in the Force, as if millions of shares suddenly sold out in terror and were suddenly bought up. I think something wonderful will happened.
yep, I have my public education to thank for that training.
Remember: from $30,000 to $300,000 -->
"This growth story is really beginning to take shape," commented Dyron Watford, Chief Financial Officer of Universal Energy Corp. Watford continued, "Our production has grown from $30,000 a month at the beginning of the year to what we estimate will be close to $300,000 next month. In six months time, that's impressive growth by any standard."
We're witnessing a company at the beginning of its growth, and I feel nothing but EXCITEMENT!
nice, kinda funny how you did DD into his DD. I trusted his DD immediately and I was wrong for doing so, or maybe I'm just a lazy scumbag
nope, it was not a crack at you though it might appear so due to the difficulty of interpreting sarcasm on web-based conversation. I am actually always using self-depreciating humor to avert any possibility of sounding arrogant, because that often happens. Anyway, the DD done on this board has been solid, and there is not one doubt in my brain about whether or not to hold UVSE. I will hold, and as soon as my account transfers from thinkorswim to TD Ameritrade I will trade in and out of it as it climbs out of oversold RSI territory.
P.S. the other post about GST having a working well at Lone Oak further adds to the high probability that UVSE will present positive news about its new prospect in this area.
I'm a jacka** of all trades. oh no, I just wasted my last post by saying that.
damn, too bad I'm a broad and a Nigerian lawyer who graduated college...$12/hr to work from home is big buxxxxx
ah, the voice of reason returns and within mere moments of reading your words I regain sanity and the mist of calm descends upon my mind.
You make a good point, and you are right, I know very little about technical analysis, but my comment was not made using technical analysis despite my having said that I was looking at the chart. I was making a highly qualitative and conceptual statement about UVSE's recent momentum since the beginning of this week, so when I said it shows no indication of upward or downward movement I meant that it is in a period of stagnation presently due to the pending nature of the Lone Oak drilling project. I have already noted that UVSE is making higher lows, which does indicate a gradual uptrend. And if in fact I saw that there was NO upward momentum in this stock, then why would be holding my position? I would certainly sell it if it was going to be flat in the near future. My comment about it having NO indication of upward or downward direction was made with respect to its momentum, which has clearly weakened this week. I do see upward momentum, but in the longer term of the next week leading into the end of July. Presently this week we have been in a stagnant period, so when I said I see no upward or downward direction I was speaking strictly about UVSE's lack of movement since the PR release on Tuesday. I do stand corrected by what you said though and yes, you are right, I know very little about technical analysis but I do recognize very basic metrics such as MACD cross over and RSI and candlestick charts. And as for using fundamental analysis, no way! I really don't have a consistent strategy at all, and I trade based on momentum. In speaking about UVSE in terms of momentum, I would argue that it has lost momentum this week but is consolidating during this stagnant period.
Let's gamble.
Yes, my intention is to trade it, but right now I cannot trade it because I am holding out for bigger gains. In addition, my account size is less than $25K, and recently I violated the Federal Pattern Day Trader rule so my thinkorswim margin account is now frozen meaning I cannot open new positions. That is why I cannot trade in and out of UVSE because if I sell it now, I won't be able to buy back in for a while until I am able to transfer to my TD Ameritrade account. It's a complicated story, but to be brief, my thinkorswim account, which I used to day-trade with, has been disabled from opening new positions, so all I can do now is close my UVSE position but I'd be unable to buy back in if it does show a good entry point. Ideally I would have sold at 0.03 and bought back in yesterday when it was trading at 0.019, but as I am saying, my account is frozen because I violated the PTD rule so now I will have to wait until I transfer everything to my TD Ameritrade account. I am not falling in love with this stock, I am just waiting on the Lone Oak drilling news to sell. I am a gambler, the only lady I love is lady luck, and I do not get attached to stocks. But with UVSE, I am confident that it will make huge gains from this level.
yeah, I agree moores, the chart is showing a period of stagnation and uncertainty. There is NO indication of upward or downward movement. However, my reasoning is this: the worst case scenario is that it returns to a low, perhaps breaking the previous low of 0.012 and hangs at 0.01; this outcome would represent a -50% loss for me and perhaps for others who are in at around 0.018 to 0.02. But the best case scenario is that it surges to 0.05-0.10 on their Lone Oak results as well as their next earnings report; this best case scenario would represent a huge +150% to +350% gain for me and some others. So you see, even though it is universally agreed that there is downside potential (all stocks have downside potential, it's absurd to think that something will certainly gain), the risk-reward here at these levels is in the favor of longs. No one in their right minds would short the stock here, and those who are very conservative would rather buy macro-sized companies such as Citigroup or Apple than touch something like UVSE. So basically, the stock is showing a flat line, which is either a good place to be if you already have shares or a good place to buy if you're willing to wait a few weeks and risk AT WORST a -50% decline and AT BEST a +400% gain. That is the risk-reward as I have qualitatively calculated in my head.
Three Reasons Why UVSE is Pricing Lower
I'm getting kind of bothered by the high volume of misunderstanding and ignorance on this board, so I will forgo my usual humorous posts about not showering and revert back to being an academic so that I can explain why UVSE has been pricing lower.
Reason #1: The price of oil
Oil futures have declined substantially this week, whereas the financial stocks, which have been down between -40% to -50% since January 2008, have shown some recovery. The lower pricing in oil directly correlates with the lower pricing of UVSE. As an oil and gas exploration company, Universal Energy's stock performance is directly correlated to the pricing of oil. It is a generally accepted observation that commodities pricing has a close correlation with those companies involved with producing or retailing those commodities. For example, if the price of titanium dioxide increases, then the stock of the company which produces titanium dioxide will increase as well. The same can be said with other recent examples such as the gold producers/miners, the steel producers, and so on and so forth. An increase in the underlying commodity price will increase the stock of those companies which produce that commodity, since now their products are worth more and thus generate more revenue. A decrease in the underlying commodity price will decrease the stock of those companies which produce that commodity, since now their products are worth less and thus generate less revenue. With oil pricing pulling back since the beginning of this week on news that the Fed might raise interest rates and thus strengthen the dollar (a strong dollar means lower oil prices; a weak dollar means higher oil prices), most if not all oil-related stocks are also declining as investors and traders are less certain about the bull run in oil commodities.
Reason #2: Pending Developmental News about Lone Oak Drilling
The fact that the Lone Oak drilling project is still in a developmental stage (they are drilling their first well there), and the fact that the drilling project has yet to be completed, has left the stock in a stagnant pricing position. As news remains pending about whether the project is successful, the stock price will also remain unchanged if not slightly downward-trending. It is more probable that people wait for a confirmation before buying. That is to say, people are waiting to buy after the positive news is released rather than buy before and risk having their funds exposed to the stock's decline if news is negative. The fact that the drilling project is still incomplete will lead many potential buyers to wait, which is beneficial for those who get in early since we have gotten in a lower price than they do. When UVSE does in fact strike oil and gas, and when people start buying in and sending the stock up, those who bought in early and were patient will be able to sell for their own profit. Those selling right now are either impatient about the stock or they are pessimistic about it. I would argue that there are very little people selling right now, and that most trading action this week has been perpetrated by traders flipping the stock for quick gains. The low volatility since the start of the week and the fact that UVSE consistently remains level at around 0.022 lends evidence to my argument that there is NOT a sell off occurring. We are presently witnessing a period of uncertainty and stagnation as the news about the drilling project remains pending. My claims are backed up by the candlestick behavior, showing mainly indecision between buyers and sellers each day since the beginning of this week. Notice the short body of the candle and the short yet equal length of both the wick and the bottom shadow.
Reason #3: U.S. Economic Recession
It is accepted by now that the U.S. is in an economic slowdown or recession. And so, if U.S. citizens are not as prosperous as they were before, it necessarily follows that less and less people will be investing in stocks. Additionally, there is less and less money being invested in stocks from those who have been investing in stocks. It is also a fact that UVSE is a tiny U.S. company, so it is much less likely for it to be traded by people in other countries. Therefore, the low trading volume and low amount of action in UVSE is understandable, since there are fewer people investing in the stock market during this period of economic slowdown. Even Jim Cramer himself has become incredibly pessimistic about stocks, if you read the other post about what he said on his TV show. The perspective now is shifting towards more conservative means of saving one's money rather than betting that a tiny oil and gas company will strike oil. Take note that although we are in tiny pennystock land, penny stocks are still influenced by larger macroeconomic conditions though the beauty is that they are not as influenced. UVSE has held very well considering the massive downward pricing of oil. Many of the larger and mid-cap sized oil and gas related companies have declined heavily, and the entire energy sector is down -1.84% today, the second largest sector loser right after Basic Materials, which slide down -2.22% today. Lowered prospects of economic expansion will have an adverse effect on Basic materials stocks, and lowered pricing of oil and gas commodities will have an adverse effect on oil and gas related companies.
OH GOD it felt good to get all of that off of my chest in a non-goofy manner. Now please, stop bickering about NITE and worrying about sell offs because what we are seeing right now is the culmination of lower oil futures, lower economic growth, greater economic instability, and also a company pending results. Once those results come in, you won't find me here on Investorshub because I'll be in the Bahamas with my $33,000 surrounded by the most beautiful women money can-convince-to-have-drinks-and-sex-with-me. Weeeeeeeeee
Let's gamble.
alright alright, let the UCSD economics drop-out student explain:
First off, there is no such thing as an infinite amount of shares; shares are presently finite in quantity. Therefore, there is a finite (fixed) quantity of UVSE shares at any point in time. Yes, the amount of shares can be increased by the company using a variety of procedures, one such procedure occurred last time and led to UVSE's share dilution up to 250 million shares, but let's not get into those details. Now, the question remains: how does a stock price drop? Many people understand how a stock price drops, but some do not, so that is why an explanation is in order. A stock price drops once there are more sellers willing to sell the shares they hold at a lower and lower price. A "trade" goes through when a seller's ask price is met by a buyer's bid price, and consequently the quantity of shares owned by the seller become the new position of the buyer. Now, to understand this more concretely, let us use the example of an auction, because that is the mechanism by which stocks trade.
Picture an auction room, with a auctioneer at the stage and a line of sellers next to him, and picture in front of this stage an audience of seated individuals. The seated individuals are the buyers, and the individuals standing in line on the stage are the sellers. And lastly, the auctioneer functions much like your brokerage. Now, for the sake of simplicity in this example, let's say that each of the sellers is holding only ONE computer that he wants to sell, and each seller has a different price that he is willing to sell the computer at. There are ONLY 10 sellers total, and thus only 10 computers available for sale. This is exactly like in stocks, how there is a finite number of sellers holding a finite number of shares. The only difference is that in stocks, we do not know how many sellers there are and how many buyers there are, and we also do not know how many shares each seller possesses. What we will always know, however, is the quantity of shares available. This is called the shares outstanding, and if the company ever wants to change this they will always have to go through procedures to increase or decrease the amount of shares. But you must understand that shares do not increase or decrease everyday. The volume of shares traded increases or decreases everyday, but that is not the TOTAL amount of shares in existence.
Back to our example here, some sellers want to sell at high prices, so they hold on to their computers and remain in line, and some sellers want to sell at lower prices, so they will step up to the auctioneer with their computer to place it up for auction. So, let's say the auctioneer starts the bid off at what the computer was priced at yesterday, and let's say it was priced at $100 yesterday. Now, whoever wants to sell at $100 will step forward and present his computer for sale at $100. If there is a bid for $100, then that means the buyer wants the computer for $100 and the seller will accept since he wanted $100 for it as well. Now a transaction or "trade" has gone through, and the computer remains priced at $100. Note that the auctioneer gets compensated for facilitating the trade between the buyer and the seller, and will receive a small amount of money from the sale. This action is much like how all brokerage houses take a commission for every stock buy or sale we make. Next, a second seller presents his computer and this guy asks for $110, but NO ONE in the audience of buyers bids for his computer, and so he gets back into the line. Now, a third seller presents his computer for sale, but this guy asks for $100, and still, no one bids for the computer. Next, a fourth person places his computer up for sale at $90, since this guy is afraid that the value of the computer has fallen and he wants to sell before it prices lower. One buyer bids $90 and a trade is made. Next, a fifth person is now scared too, and so he puts his computer up for sale at $90 and a buyer bids for it and a trade goes through. And lastly, a sixth person puts his computer up for sale, but no one bids for it at $90 so he changes his asking price to $80 and someone bids for it; a trade is made. Note that NOT everyone in the group of sellers will sell, because many of them will choose to hold their shares and wait for a higher pricing. Note also that once a buyer has bought a computer, he now becomes a potential seller. This auction example shows how the price of the computer fell from a pricing of $100 at the start of the day, to a pricing of $80 by the end of the auction. The example also shows that NO new computer units were introduced into the auction, so the price of the computer unit declined EVEN THOUGH the supply remained fixed.
So you see, you must realize that when we talk about supply and demand, we are talking about supply in terms of how many sellers want to sell their shares, how many shares they want to sell, and how many buyers there are as well as how many shares these buyers want to buy. IF the quantity of sellers multiplied by the average quantity of shares they want to sell is greater than the quantity of buyers multiplied by the average quantity of shares they want to buy, THEN the stock price will price lower. Here's the arithmetic:
[(#sellers)x(average # shares selling) > (#buyers)x(average # shares bought)] --> lowered price per share
Yes, the # of shares sold will equal the # of shares bought at the end of the day, because in every transaction the shares are exchanged from the seller to the buyer. But the pricing will be lower if there are more sellers willing to sell their shares at a lower and lower price.
And as for your comment about how the other InvestorsHub member was explaining things in If-Then terms, I think that is a weak argument since almost everything is explained in conditional or causal terms. IF I flip this light switch, THEN the light will turn on. The computer programs and website coding we are using right at this minute uses some if-then logic in its code, so what you said is nonsensical, and I do not say that to be rude but only to correct you.
good good, I'd be buying more too if I had any more funds to have fun with. oh well, my 337,452 shares X 0.10 = $33,745.2 so i think my position size is adequate. =)
haha, why not get shares at 0.022 today? you don't want my shares, i've been holding my shares close to my smelly, unshowered body for about a week now, and they are covered in tears and smell of urine. anyway, fellas, fellas, we gotta keep our heads on our shoulders and remember that all of this downward movement is directly caused by oil pricing lower and has very little to do with UVSE's underlying fundamentals or future prospects. I would argue that today's horizontal inaction is a perfect set up for a run up once data from that lone oak well comes in. I know I said I'd stay the hell away from my computer but I have 30 minutes before my class starts and I couldn't resist checking up on my sleeping baby UVSE.
that's a good way to look at it and I would agree. hell, I think I've been too impatient with UVSE, obsessing over it and sitting here watching every tick. I'm going to just leave my computer for a week and come back to see my account up 500%. take care guys, you won't hear from me for a while. good bye.
P.S. my UVSE near-term price target: 0.05
my long-term price target: 0.15 - 0.3 after earnings (but I can't wait that long because the lines are getting long at the soup kitchens and I need my profits to eat with so I'm selling out like a little girl at 0.05 probably.
Agreed, need patience on this one (and that's funny coming from me), we should give it a WEEK from today's PR before there's substantive numbers about the well; you can't rush a thing like oil drilling this ain't child's play it's real business and that's the reason why this tiny penny stock is attractive: they're actually working on real projects with real oil and real machinery in a real state unlike other frauds and e-mail pumps i get every morning. looks like i'm in for a long-term relationship with Ms.UVSE
time to load up on shares so that we can collectively vote against share dilution. I have 300,000 shares, that's not much, but it's something! I plan to amass 1 million shares if I can sell and re-buy at the right times and reinvest the profits. BWAHAHAHA, 1 million shares.
oilin, do we share the same mind or something? nice estimates!
ah, someone finally cares about what I think though unfortunately I think it does not matter what I think since my investment record since starting back in June 2007 does not justify my speaking out (I started with $13,000, I now have 300,000 shares of UVSE). But if you must ask, kind sir, my most conservative projection now rests at a minimum of 0.05 within this month, and at maximum I think UVSE can run to 0.15, but of course this will take longer and may encounter trouble considering the company can proxy for more share dilution in mid-August. who knows, all I know is I haven't showered in three days and the smell is starting to get to me. I wonder how my classmates perceive the smell, no wonder no one sat next to me today. UVSE has to run to 0.05 or I can't make next month's rent, and I need to make next month's rent...because I don't have a sleeping bag and bums are scary and unfriendly in these parts...
I was just thinking that. Based on your beautiful charting, and being an optimist about UVSE, I think the movement and direction is arguably setting up for a healthy run up, especially as the Lone Oak well finishes this week as stated in today's PR. man, I'm tired of referring to Lone Oak. I'm going to start having vivid dreams about Lone Oak soon. Just remember to sell before they announce another pps-killing PR about further share dilution to fund their operations, that would really piss me off if it happened again and I didn't sell and re-buy.
haha, don't confuse the poor guy
0.05?? quite a ballsy projection my friend. hey, I wouldn't complain if UVSE struck 0.05, so I'd hope it hits 0.05 too but then again, it's just hope.
Given the news, UVSE should be moving more, this stagnation is a tad worrying if you're like me and you're sitting here unemployed in your underwear watching every 1 minute tick. what the hell? are people still waiting for the Lone Oak well to be completed to buy in? By then it might be too late. I thought UVSE would move stronger after today's news?? ahhhhharrg, someone hose me down i'm going nuts.
put in a market order, you'll get filled faster, and yes I would stand up and say "YAY" to the notion that .024 will look weeeeally cheap next week given that they just updated on finishing the drilling project by next week. got a house? mortgage it, and pick up 1,000,000 UVSE.OB.
yeah, the tension in my pants...
I just read the PR wire and orgasmed.
nice, a very good approach to something as gradual yet strong as this little stock. I would take the same stance but I'm an obsessed trading-addict who needs to pay the billssssss