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Well today certainly seems to be a bit anti-climatic in the wave of yesterday's trading...
Updated our ibox to fix broken links...
We want people to see those MMTE concessions!
MMTE L2s:
UBSS 0.0005 20770
ETMM 0.0005 20800
NITE 0.0005 -3487
HDSN 0.0004 4000
VFIN 0.0001 50
BTIG 0.0001 50
CSTI 0.0001 50
UBSS 0.0006 23504
ETMM 0.0006 27997
CSTI 0.0006 50
NITE 0.0006 -25827
HDSN 0.0007 5000
VERT 0.0012 50
BTIG 0.002 50
MAXM 0.0039 50
VFIN 0.54 25
MMTE highest vol in 3 months yesterday
I think these opening trades are definitely "human" trades... odd numbered trade sizes.
Looks like MMTE probably attracted a bit of interest from yesterday.
Lowest recently was oct 19th at around 5m
MMTE
Court update 10/19/2011:
Judge denies plaintiffs' motion for default judgement.
http://phrozencharts.com/etc/MMTE_deny_default_101911.pdf
Yesterday we had the highest vol since the end of july... Let's see what's in store for today...
EDIT: Go MMTE (let's get back up in the buzz cloud eh?)
There was another before overcash who's shares are not cancelled.
Whew.. good thing we closed even...
Definitely some manipulation going on. Dumping all day long and then closing even to make it look like nothing happened..
Curious to see if we have any AH settle trades..
Eh... that still leaves a loooot of even sized trades out there..
And the 8.687m looks like a long clearing out their position IMO...
We seriously need to end this day green. This red vol will not make the chart pretty.
Nice.. how many have you picked up?
Tons of even sized trades...
You mean like the land claim titles in the back to back PRs?
And the last few weeks hit 5.. so 5 is still not a new low.
Since 4 is our old low, 5 isn't exactly a new low...
I was wondering about that myself as well.
We do know that CLIL is set up to have rights for both exploration and exploitation, however the PR does indeed only say exploration.
Unfortunately, I do not know enough about the scenario down in Chile to say whether or not we can exploit it yet.
IMO, I'm not that concerned, because MMTE is still very much in acquisition mode and will be for some time. If there *is* more needed to gain exploitation rights, I'd hope/assume that either the Chilean laws would change by the time we hit production mode, or that we will have gained those exploitation rights, as CLIL is listed as a company with those rights.
EDIT: Looks like buffalo beat me w/some actual law info. The later part of my post still stands though... we're still in acquisition mode, so I'm not worried about it. Every month we hear more and more about the Chilean laws changing, so w/the pace that this company moves at I'm pretty sure we'll have a hold on exploitation by the time we hit production
Well yeah.. which is why there's a countersuit specifically claiming stock manipulation.
Yeah.. you're right.. now it's listing MMTE as PowerShares QQQ Trust, Series 1, yet has MMTE's L2s and trades...
The thing is.. when it lists MMTE, it adds that "New Common Stock (NV)" I just thought that's why there might be something up.
Not sure if this means anything, but the free L2s I look at are now calling MMTE this:
"Mammoth Energy Group Inc New Common Stock (NV)"
Back2Back PRs! Land Claim Titles Announced!
10/27/11 - MMTE Announces Claim Titles on Laguna Lagunilla Acquisition
http://ih.advfn.com/p.php?pid=nmona&article=49693825&symbol=MMTE
We're already seeing a reversal, as per the chart I posted a few days ago. That pattern is still in tact.
Other positives on this chart:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68307683
That was added the better part of a year ago.. before we shot way up, so that theory is pretty much shot.
IMO, downticks on news aren't a big surprise.
Buy on rumor, sell on news... Pretty common motto around pinks.
The part I don't like is that the vast majority of the sells (and today's vol as a whole) were big blocks, meaning it's one entity offloading..
PR: MMTE Announces Claim Titles on Laguna Lagunilla Acquisition
http://ih.advfn.com/p.php?pid=nmona&article=49693825&symbol=MMTE
Mammoth Energy Group Inc. (PINKSHEETS: MMTE), a lithium and alternative energy mining company, announced today that its wholly owned subsidiary Compania Lithium Investments Limitada of Chile has announced it first five claim titles on its Laguna Lagunilla concessions for a total of 2471 acres (1000 hectares) of lithium concessions located at Laguna Lagunilla situated in the Pica commune.
The claim titles are currently listed as White TP Uno, White TP Dos, White TP Tres, White TP Quatro, and White TP Cinqo. All concessions are currently constituted and are all rights to explore.
Mammoth Energy Group's Compania Lithium Investments Limitada has already acquired an initial thirteen lithium concessions for a total of 8649 acres (3500 hectares) in the southern section of the Salar de Maricunga, seven concessions for a total of 4695 acres (1900 hectares) in the Salar de Pujsa, 2471 acres (1000 hectares) in the Salar del Laco for a total of over 18,000 combined acres throughout Chile. The company is currently in acquisition mode and Compania Lithium Investments Limitada was created to acquire, develop and explore lithium and mining assets in Chile on behalf of Mammoth Energy Group Inc.
About Mammoth Energy Group Inc. (PINKSHEETS: MMTE) http://mammoth-energy.com/
While I'm happy to see the news, I'm not happy to see the trading for today.
All of those gigantic sells came in even numbers... Meaning it was someone w/a huge chunk of shares to sell, and they all dropped on a PR day. That's not exactly a good sign.
Looks like we got a last second paint job to keep us @ 7 :)
What's sad is how very little pressure this thing needs to move...
Looks like a little over 4m to get to 8
At least 5m... ETMM just hopped on and has a very small size, so he may be setting up to put more on as well.
Make no mistake.. 7,8 and 9 are all going to be very hard to get through. It takes a lot of steam to power on a reversal, especially while breaking through the 50d.
HOLY bid support batman!
~25m on 6!
Sorry, still don't see a negative macd trend... I've tried to change the graph around quite a few different ways, but I can't seem to manipulate a negative macd trend.
Either way, I'd never use a period as short as 10 days whether we were going up or down. It's not nearly enough data to make a good decision from.
We've actually had more green days than red days for the past 4 months (counting oct as an incomplete month)
When the macd goes up... it's going.. up...
I can't see your chart because it's a free image site, blocked at work, so I went straight to the source:
http://stockcharts.com/c-sc/sc?s=MMTE&p=D&yr=0&mn=3&dy=0&i=t26167154600&r=6613
See how it's going up? Yeah.. that means it's going up. See all the green on the macd? That's also a sign of an uptrend. While we're here, feel free to notice the long standing uptrend in RSI and the spike in the CMF.
Again, all great signs. It's pretty hard to misinterpret these signs.
Nope, the green days are the reason that we're climbing *out* of the trip 0s, as evident by the chart.
That's what green days point to... either the beginning or continuation of an uptrend.
There have been a lot of green days too... many more green days in these past few months.
Thanks for drawing our attention to today's red candle! They certainly are few and far between lately, eh? I guess it is a little odd to see a red candle nowadays isn't it? Good point.
Yet another?? You mean the first in a week?