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At the end of the day, the risk/reward from a price perspective is still attractive. I'm going to take off my stop loss and let this one ride out. I know it'll probably work against me. But I won't be able to bear it if I wake up one day with the S1 approved, having missed out on a 100 bagger.
Ah. Got it.
Anyone see this on another MB?
"The Deal Is Done: Petron Energy II, Inc. (PEII) Inks $10 Million Loan Agreement
"According to our senior researcher, Bill Arp, Petron Energy II, Inc. (the Company) has had its S-1 filing approved by the Securities and Exchange Commission. The filing provides for, among other things, a $10,000,000 loan agreement and immediate line of credit with a private lending institution. According to Mr. Arp, the $10,000,000 may be drawn down upon starting immediately, and the agreement is expected to be formally announced by the Company either after the market closes today (4/24/14) or during the phone interview with Company CEO Floyd Smith during this coming Monday's "Money For Lunch" online radio interview with Bert Martinez. Mr. Smith could not be reached for comment.
"All aforementioned information was obtained legally and no insider information was used, nor are there any conflicts of interest with anyone or any entity as a result of its publication to the best of our knowledge. Doug Bond Enterprises, LLC, Petron Energy II, Inc., Mr. Bill Arp, Dr. Douglas B. Bond, Jr. as well as all others mentioned or associated with this article cannot be held liable for the contents and/or publication of this article.
I am long PEII and hold a substantial interest in its future successes or failures, however all of this information is true to the best of my knowledge and is sworn to under oath."
Most ceo's are smooth. That's why they're CEO's
A little quiet in trading eh?
The current price is my cost basis so I'm not overly concerned. It's just opportunity cost.
So you think we pop?
My dream. To wake up one day and have this hit $5 per share. One can dream.
Funny you mention Siri. I rode it down from $6 to pennies and back up to current price. I kinda forgot about it.
I hope this works out.
More likely than not the .0013 was a paint job. Guess we won't know until tomorrow. I'm disappointed in recent action. After it hit .0013 a few months ago, and started to climb, there was more reason to be optimistic. Now I feel like I'm clinging onto "hope". Not what a trader should do.
I hope so. I'm ready for a meaningful, sustained move.
bounce, based on what?
it also had four solid green days in late march only to dive 30% back down to 0.0012..
I'm new to the stock. Trust me. I'd be all for it.
You're expecting this to rise 40% by the end of the day? Seriously?
Reversal? Seriously?
little blips of volume at best right now.. I don't see anything suggesting a reversal.
I, too, like these charts. Just bought some.. let's rock
before what? Nothing is known, or certain.
I don't care what anyone says about VFIN, this, that, blah, blah, blah. Sell offs aren't good. The market is never wrong. I'm still long and strong though.
I meant 0.0011...
0.11 is bid now? haven't seen this in a while.
I would have to agree. No need to tell people their opinions count less because of the amount of posts they have, or the amount of time they've been here. Irrelevant.
Agreed, good to see selling volume dry up. Stocks moves outside of bollinger band and closes within.
there's $0.0013... I didn't think we we were coming back here. Time to see what this thing has.
stopped out.. disappointed to see the $0.03 not hold. I'll be back in soon.
I will be surprised if $0.03 doesn't hold. It did after the drop from $0.08. And previously was a resistance point. So we'll see.
Got it. Yea. It's a little strange now that you mention those things. Tough market right now in general.
I am definitely no pumper and dumper, if people are referring to me. I only hold 10,000 shares and it's a long-term hold for this guy. thanks
never mind.. I see your point. driving it down so they can cover.
if shorts were covering, it should be going up?
I would say it's ready if it can close above the 50 DMA. Was surprised to see it drop. 3 cents "SHOULD?!?!?" hold. But nothing is certain.
Picked up some shares at $.035. Would like to see it stabilize here around the 50 DMA.
This is a longer term trade for me. So it's not the end all, be all. But 0.035 has been decent support. If I can time it well, fabulous. If not, I'll enter at a slightly higher cost.
A little pullback to the 50 DMA would be a good place to add some for me. Love it long term.
Net losses were down, revenues down..
Exact same position as you, from my due diligence (keeping it simple) and price targets.
300k shares at $0.0017. Love the weekly chart, tight consolidation, and big volume over the past few months. I won't hold it to zero, but the risk-reward is excellent. that being said, it's a high risk play.
I'm from Philly originally, (Delaware County), I'd like to give us a better name.
Look at the red line I drew. It broke the declining top line.
It's cheap. But how do you know it won't be cheaper later? For the record, I'm long and strong.