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Rook, I never chase. Figure I got a 50/50 chance of getting the shares at less than 0.009 tomorrow. I'm sitting on 1.1M with a sub-penny cost basis, so the buy isn't critical.
I have had an order to add 100K shares at 0.09 since 9:50 or so this morning. Still open.
It is hype, anticipation and news which drives stocks such as NVMG. Had this morning's PR had some positive production numbers, the anticipation of which caused yesterday's move upward, the pps would up rather than down. Ditto for Friday's move and Monday's drop.
I trust we heard the last from the "golden cross" boys. Again, those that claim they can apply teachnical analysis to a penny stock like NVMG are simply snake oil salesmen.
"Be careful of what you wish."
I'm hoping that any such update will give a clear detailing of exactly what the company's holdings are.
If nothing else, the number of posts here on a Saturday night is a measure of the excitement that NVMG is generating at this time.
Lowman, I have little doubt that 99% of the posters here support the elimination of "petrobaron's" posts. He adds nothing of any worth.
Most of those here already know you, petrobaron, for what you are from you HMGP postings. Hence, the reason for your being ignored.
Not to beat a dead horse, but there can be no doubt that all the wild predictions about NVMG made by those who insist that they can apply technical analysis to penny stocks turned out to be pure garbage. As I stated quite clearly well over a week ago, trying to use technical analysis with penny stocks is no better than trying to read tea leaves. I trust we've heard the last about an impending golden cross.
When are some of these posters going to learn that technical analysis on pink sheet stocks is usually no more reliable that reading tea leaves? The so-called charting experts on this board have being predicting an imminent golden cross for the last two-three weeks. (And I'm sure I'll be attacked for this opinion just as I was the last time.)
And a 0.51 as well, but it wasn't me. Beginning to suspect that only the MM's are getting these shares.
I noticed that, too. Incredible.
Another dip to 0.45 and now to 0.50 and still my buy order at 0.51 remains unfilled.
I have had an order in since pre-Market to buy shares at 0.51. It was not filled during the drop to 0.41 nor has it been filled as of this posting.
Lowman, up until recently, the was an informative, "classy" board. Unfortunately, the current drop in the pps seems to have brought out the worst in a few of the long-term shareholders.
Rich,
You were dead right. Fortunately, I took a real chance when it was down below 0.005 and bought heavily. That combined with two-and-a-half years of flipping has left me in decent shape even if the company goes belly-up. I figure that there will be one, possibly two, more runs up to 0.04 or 0.05. That's when I will sell the last of this POS, take the last of my profits and try to forget HydroFlo ever existed. With respect to Mast and Honest George, at least Mast gave us all the opportunity to walk away with a profit. (If I remember correctly, you sold at 0.96 or thereabouts.) I took some off the table before the October 2005 debacle, but not enough. Honest George, however, has done nothing but lie from the start and totally destroyed the share price. He, in particular, should be tar-and-feathered and then drawn-and-quartered. Meanwhile, I've done well with HMGP and and hope that NVMG, which I got into at sub-penny, will do the same. Although I limit my penny stock plays to no more than 5% of my portfolio, playing them is in my blood and that being the case, sooner or later I'll get skinned by another CEO like Honest George. That's the way it is. Good to see that you are still around.
Lowman, with all due respect, you conveniently ignored the fact that I cleared stated that the flipping be done with only a minority portion of one's total.
Right now, whether pure longs like it or not, HMGP is an excellent stock to flip utilizing anywhere from 25-40% of one's shares. Case in point, selling x number of shares at 0.67 right after this week's PR and then rebuying today at 0.54 and 0.51. One would have to be a fool not to take advantage of opportunities like this.
Hey, petrobaron, in your post #8702 you wrote, "I will repeat this for the final time, there is NOT a single well producing from the Bakken formation on the Ft. Peck Reservation." So much for truth from as you are right back at it in your post 8753. Are you are liar or a basher? Which is it?
Hey, Honest George, how come that you never put the total number of shares in the float when you release your monthly updates? You know, George, the float that was about 71,000,000 when you became CEO and is currently over 356,000,000 and rising faster than illegal immigration in the United States.
Forget the "golden cross is coming" and all other predictions based on charting. Trying to predict where a pink sheet stock will go based on technical analysis is an exercise in abject futility. Might as well consult an astrologer or palm reader.
jcrom, as always thank you for the latest research. From our days at HYRF, I know that there are few, if any, in the penny stock world with your ability to ferret out information.
But how can that be, jcrom, with Honest George (aka Nigerian George, the oil man) in charge?
jcrom, can you belive that NVMG is still trading for less than Nigerian George's "oil play?" Not for long.
The case for American produced oil:
The following came off the wires about one hour ago.
TEHRAN (AFP) - Millions of Iranian motorists face the prospect of higher fuel prices and rationing after parliament voted on Wednesday to ration cheap petrol in a bid to cut costly state subsidies.
Parliament agreed an amendment to the government's budget for the next Iranian year that will keep petrol relatively cheap for motorists up to a certain quota, above which they will have to pay much higher prices.
Drivers in Iran have until now enjoyed the luxury of buying unlimited amounts of state-subsidised petrol at a mere 800 rials a litre (eight cents), less than the price of a bottle of mineral water.
The rampant demand encouraged by the such prices has meant
OPEC's number two producer has ironically been spending billions of dollars annually to import petrol from abroad.
Under parliament's decision, which still has to be approved by the hardline vetting body the Guardians Council, the price of ordinary petrol will rise from its current level of 800 rials a litre to 1,000 rials (10 cents).
However consumers will only be able to buy petrol at these still cheap prices up to a certain undefined quota. Above this level, drivers will have to pay a much higher sum, which has also yet to be announced.
"The gasoline produced domestically and imported will be sold at 1,000 rials a litre, at the latest from May 22, through rationing," the state run IRNA news agency reported.
Parliament expressed a preference for smart cards to be used to carry out the rationing system. Many Iranian households have already received the cards in anticipation of the new system starting up.
Iran currently has to import 30 million litres of refined oil a day, at great cost to the budget, to meet demand. The budget for the past Iranian year -- which ends on March 20 -- has set aside a colossal 4.7 billion dollars to pay for petrol imports.
The problem of hungry consumption is compounded by Iran's refineries having a capacity of only 42 million litres of petrol a day in a country where demand stands at more than 70 million litres daily.
In addition, Iran loses millions of litres of petrol a month thanks to smugglers who sneak the gasoline out of the country and seek to sell it for far higher prices in neighbouring
Iraq, Turkey and Pakistan.
The need for Iranians to cut down on driving is most apparent in Tehran, where the horrendous air pollution from the thousands of cars snarled up in traffic jams at any time has made just living in the city a health hazard.
However with the public transport infrastructure relatively weak and the metro system only reaching certain parts of the city, the car is for many Tehranis the only way to get around.
The size of the quota and price for petrol sales beyond a consumer's quota will be set by the government and the state Management and Planning Organisation, IRNA said.
"The level of the quota and pricing of non-quota gasoline should be recommended by the planning organisation and the oil ministry by April 20 and should be approved by the cabinet," IRNA said.
Parliament said the the quota should be set so that the government's subsidy for imported petrol does not exceed 2.39 billion dollars.
Re: Post #6664 - I put in a bid this afternoon at 0.55 and it was filled at 0.54.
It goes without saying (but I'll say it anyway) that those of us who are long will feel a lot better if and when NVMG confirms receipt of the $5M. That it is delayed for as long as it has been is a source of concern.
The sorry state of HydroFlo under the leadership of Moore:
The pps has gone from @0.10 to 0.014.
The float has gone from @71M to @335M.
He has lied over and over about delivery of the MARTI dividend shares.
He has failed to deliver the oft-promised new HydroFlo website.
The promised delivery of financials in "early 2007" has yet to happen.
The few press releases that have been released deal for the most part with sales made in the distant past.
Does anyone believe that the man has any credibility or that he gives a rat's you-know-what about the shareholders?
Hopefully, a near term PR by NVMG will evoke a similar Market response as that of this mornings by Hemi.