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yeah, macro-market conditions are NOT in UVSE's favor today with inflation being the main target of Fed policy due to today's CPI data. This is GOOD news though, since it means that UVSE is NOT falling for its own reasons, but because of macro-market conditions afflicting the entire energy sector as oil prices lower. Don't worry, two factors help UVSE's case: 1.) if democrats win the presidency, they will be adamant about protecting Alaska from oil drilling, which is good since more oil drilling in Alaska brings down oil futures in the American market. SAVE THE EAGLES! 2.) Bush might fight a war with Iran, knowing Bush, and I know Bush by now since I spent 8 years of my youth under his rule---er, I mean---presidency.
yeah, that's what I was getting it, it's just a model one constructs, a model that can easily be broken and falsified the moment a stock moves based on factors and variables unaccounted for by the model-maker. in this case, the douchetote that drew the trendline from 0.06 to 0.04 to 0.03 and said UVSE can't break that line. a major problem is revealed once one asks the question: how do you know? how do you knoooow that it won't break that trend line? and in the end, he'll have to say he doesn't. we're all speculating here, each of us with varying sell points and intentions. I only show "respect" for the serious posters like Bmiles and you, but otherwise I like to partake in joking around too just to lessen the tension I feel towards leveraging my entire second mortgage on UVSE.
Nice and slow, my baby UVSE, nice and slow...
just the way daddy likes it.
oh yeah, take off those flippers. juicy.
Look at 1hr chart and think about the bigger picture. I would have to disagree with that one guy (I forget his name) who drew a downward trend line starting from 0.06 through 0.04 and ending at 0.03. Anyone can draw lines on graphs using Microsoft Paint, but does that even mean anything?? I think his claim was that UVSE could not break this line, but is there any kind of technical analysis metric that would support what he said? In my experience, I don't think things work as ideally as one thinks, especially with stocks pending news. UVSE can easily break 0.03 and 0.04 on a strong PR release about Lone Oak.
OMG OMG UVSE is down = me scared = me can't handle a downtick = me expects constant gains = me an idiot = me selllll
Some Volume/Low Pricing Analysis
Here's my own analysis of the situation, based on some very rudimentary observations about volume and intraday low behavior:
http://www.covestor.com/mbr/benbien/blog/9653
I would also like to point out that the entire Energy sector was down -3.50% today, and was the sector down the most among the others. It is plausible to suggest that UVSE moved downward today partially due to market conditions such as the lower pricing of oil and Bernanke's statement about having to contain inflation. If Bernanke is more concerned about inflation than the U.S. recession, then it is more probable for him to raise interest rates at the next Fed meeting. Raising interest rates will increase the value of the dollar, and consequently the strengthening of the dollar will weaken the price of oil. A weakened price in oil places pressure on those bullish on oil and gas development companies, and such pressure will contain some quantity of individuals selling and taking their profits (or losses) in UVSE early.
YEP, the more compressed it becomes the more it will j-j-jumpppp. Excuse me, I have a stuttering problem.
two words: spidey-senses
Gravy Train is Leaving: ALL ABOARD! LAST CALL!
Here's your chance to get in at 0.026 before UVSE breaks $0.03 and climbs to $0.04. If my calculator is working properly, that means if you buy in NOW and sell at $0.04 like most of us are projecting for UVSE, you'll make a +53% gain. +53% ain't too shabby, considering wall street is collapsing under its own bloated leveraged weight. think about it. you've got a tiny time frame here to get in buddy.
HERE WE GO, 0.0262 x 0.027, watch the break here, going GREEN
yeah, and it's taking UVSE momo down with it ahhhharrrrggg
FYI I've already lost my mind watching UVSE tick up and down gradually for the past week; I've held since buying in on July 3rd at 0.02 and seeing it pop to $0.039, selling only half and greedily waiting it out for higher moves. I haven't showered in days, and I eat bread for dinner at 10:30 P.M.
F&*&^#*&G GOING NUTS MAN! But that's what it takes to hold on to a winner, patience is a virtue, no pain no gain, [insert perseverance cliche here]!!!
ALL IN BABY WEEEEEEEEE UVSE
UPDV very good here, I would get more shares too but I have all of my funds tied up in UVSE position. Be confident, there's not much downside to this as long as momentum can sustain. Note that UPDV owns a controlling interest in HTOG along with other oil exploration companies too, so this is a safe play at these levels and the risk-reward is in the favor of longs. I have been on the short-side of trades before and it is just as difficult to decide when to cover so these guys are sweating and will need to cover soon.
Price Targets for Tomorrow?
Can everyone reply with their price targets for tomorrow? We need to keep the UVSE momo engine fired and running by topping Investorshub's Active Forums list and help UVSE gain more exposure in the OTCBB niche! Thank you!
My price target for EOD close tomorrow: 0.034
My intended price to sell and exit position: 0.095
>> UVSE In HotOTC.com E-Mail Alert <<
For those who are HotOTC.com's e-mail mailing list, you have already received the latest e-mail from them with UVSE listed as on their Watch List for Tuesday. This can only help UVSE, since as they say in the entertainment business, "there's no such thing as bad publicity". The more eyes and ears that sense UVSE as a momentous stock with technicals backing the rise, the more buyers we will have to guide us into the week. Cheers!
Here is the e-mail; I do not pretend to think that HotOTC.com's publicity is decisive, but any help and exposure at this point can only work in our favor:
Watch List for Tuesday 7-15-2008
AMED - Momentum
http://finance.yahoo.com/q/bc?s=AMED&t=5d
Amedisys, Inc. provides home health and hospice services in the United States. Its home health services include skilled nursing and home health aide services; physical, occupational, and speech therapy; and medically oriented social work to eligible individuals who require ongoing care.
****************
SSTP - Momentum
http://finance.yahoo.com/q/bc?s=SSTP.PK&t=5d
Sustainable Power Corp. is an international green energy total service provider focused on producing environmentally friendly jet fuel, gasoline, diesel and marine fuel meeting all petroleum ASTM standards.
****************
UVSE - Volume Alert
http://finance.yahoo.com/q/bc?s=UVSE.OB&t=5d
Universal Energy Corp. is a publicly traded energy company engaged in the acquisition and development of crude oil and natural gas leases in the United States.
this can get ugly, showing an intra-day double top, I think some are selling out at these levels due to being unable to handle the risk and also due to impatience towards Lone Oak news. Good buying opportunity for those of us with more confidence in this play, UVSE touched 0.024 several times today and was still able to recover.
>> 0.028 is New Resistance Level <<<
0.028 is the new resistance level and if UVSE can break through at end of day we'll confirm further strength in this runner.
MORTGAGE YOUR HOUSE, Buy UVSE!
wise1man I'd be buying too if I had any avail. funds! good job though, might want to wait for dip back to 0.23 before loading up more
VERY GRADUAL MOVE HERE, NICE! No Spike to drop from!
OH GOD 0.026!!
My fellow WEST COAST traders are waking upppp
NEW RESISTANCE AT 0.025!!
HOLD, DO NOT SELL, IT IS SURGING!
yeah, same here, I was awake and watching it too at 7 A.M. here on the west coast and I just watched it drop all the way without making a move, but oh well, I thought it was going to rebound intra day too, but hey, hindsight's a bitch, gotta focus on the here and now. I think the risk-reward if you got in anywhere between 0.015 and 0.02 is beautiful. how much lower would it go? to 0.01? yeah, possibly. but how much higher can it go? a lot of people are thinking 0.05 to 0.10, and considering the company is finally moving into cash-positive revenue projections, the fact that they're actually doing business and not just pumping out fake PR definitively lends evidence to me that it's more probable for UVSE to strike higher highs than lower lows. a 0.05 project is actually very conservative here, but again, going from 0.02 to 0.05 is a 150% gain whereas the potential to fall down to 0.01 is a -50% loss. a highly probable 150% gain (due to drilling, positive revenues) greatly outweighs the risk of taking a -50% loss (which is less likely to happen since we just had a dilution and it will take longer for another one to hit).
Need that ASK to keep pushing up to confirm lack of selling pressure. Although I am expecting $0.05 I might take my profits at $0.03 and buy back in on the dip. I don't think it's a good idea to expect this to go all the way to 0.05 without any down days in between. If I had sold on that 0.039 day and bought back in at $0.015 I'd have 1 mil. shares right now so you see, not always good to keep holding, gotta trade it on the ups and downs. I learned my lesson, a very bitter lesson.
oh nice, 0.0228 x 0.0229 now, veryyyy tight spread, if UVSE can break 0.023 it's going to run beautifully from here!
nice, I've got a 0.05 price target too, will be a sweet end of July based on my reasoning that all the previous WEAK share holders were shaken out at the 0.03 level on that upsurge, and now all we have are mainly those who bought in at the 0.02 to 0.015 level following the July 9th drop and also those STRONG share holders who held on despite the 0.039 day. I've had UVSE since July 3rd and did not sell on that day so you can see I am one of those holding out for 0.05!
I'm on the west coast (San Diego) and I've been awake but yea we'll see a bigger run in the afternoon probably. I'm willing to speculate that we'll close at $0.028 today and see an even bigger run tomorrow if Lone Oak details are released. Since they just released that PR about Caviar lines, they might wait on releasing news about the Lone Oak project.
Good Signs:
1.) HUGE volume, 8 mil. by 10:30 A.M.!
2.) Up BIG from Friday's weaker close into green territory, continued green run
3.) Recovered from early spike rather than showing profit taking at $0.022 open, shows that shares are now in stronger hands and less willing to sell for a little bitch profit.
4.) News release about Caviar line production, CFO saying we're moving into $300,000/mo. revenue territory, very nice and optimistic, should get more investors on board after he said that!
UPDV Steadily Up Here, Might be a good BUY into Close!
Alright, sure why not. I'll say that L II looks good once more volume kicks up. Watching UVSE's L II is putting me to sleep right now but yes I agree the upward motion is good news for us longs. And as for Jessica Alba, good god.
UVSE (about to) STRIKE OIL TOMORROW
July 12th is when drilling finishes at their Lone Oak property; expect a PR release confirming their progress either at the close or over the weekend or at market open on Monday. This is going to be HUUUUUGEEE. My price target is now $0.05 for Monday.
what the hell does that even mean? stop wasting your free posts and do something better like pumping and lying about how UVSE struck oil!
I've set my account to sell half of my position at $0.03 and the other half at $0.05. I would argue that it is better to divide your position up and sell it in parts, since it is incredibly difficult to get an order filled if you set the order size too large. For instance, if I wanted to sell all of my 300,000 shares at $0.03, it might not execute all at once but might only fill partially and leave the rest of the order quantity there. With UVSE trading at such a low volume now, you aren't going to get quick fills. Before, when it was trading in the millions, fills executed but now it is better to divide up your shares. Trust me, I read Timothy Sykes' book and this is the strategy he used when he was buying penny stocks during the 1999-2000 boom. I think your price target of $0.06 is ONLY reasonable on a longer time line; I am willing to put myself on the line and speculate that this will NOT spike but will instead gain gradually.
RELAX - UVSE AIN'T GOING ANYWHERE TODAY
I really think it is not productive to sit here and to watch UVSE tick today, since I would argue that we are still in a period of stagnation and consolidation before any positive or negative action will arise. Granted, I am just making a broad statement and I agree that I do not know what will happen in the next second, the next minute, the next hour and so forth. Things can very well pick up, but it is highly unlikely given the incredibly weak volume traded today. Think about things probabilistically and you will come to the same conclusion. I have already closed my thinkorswim trading suite, and there is nothing I love more than looking at that tickers tick up and down, but with UVSE I really see myself wasting my life if I sit here and watch it today since it is not doing anything anytime soon until more news is released. These tiny penny stocks move on news and news alone. Take a breather, relax, turn off your Level II, close your trading suite, and go outside. You are going to die soon; do you want to look back on your life as being obsessed with stocks? I certainly don't, and that is what I have come to realize after being obsessed for a year.
Thanks. I personally reject the notions of 'belief,' 'faith,' or 'hope'. I really have no hope here and I am not 'holding out hope' as some might claim. What I wrote was my own straightforward reasoning for holding UVSE and so in my head I only store arguments and good reasons rather than feelings. I have no feeling here. This is a gamble, but what isn't. And so if I say that it is a gamble, I better damned well have the risk-reward ratio worked out such that it's a worthwhile gamble. With UVSE down in the dirt, and with myself holding out despite having made $3,000 when UVSE jumped from my entry of $0.020 to the $0.030 level, I am still willing to be PATIENT here and that is all I have: PATIENCE. No hope, no faith, no belief involved whatsoever.
PATIENCE
This one is going to take patience, friends. The volume faded significantly from the jump on Monday, but keep in mind that was only...MONDAY! We're still in the same week as that jump, so any expectation for activity is going to have to wait. We need to be patient and forget about looking back towards Monday when it jumped. That happened but it's in the past now and we're moving forward. After Monday there was a severe decline, and now we're in a stagnation period. But this is a short stagnation period, not the kind that lasts months on dead volume.
My reasoning behind holding my 300,000 shares is this: UVSE is due for another PR release concerning its recent Lone Oak drilling project; there are only three possible outcomes: 1.) the drilling project is successful and they do initial insertion to extract oil samples; 2.) the drilling project is delayed or runs into trouble before finishing, which means it will take longer to complete, and lastly, 3.) the drilling project is a failure and there is no oil in the Lone Oak property. If Outcome #1 is the outcome, then UVSE will make a gain. If Outcome #2 is the outcome, then UVSE will continue to gradually slide downward and reach a bottom support level at which it will stagnate until the project finishes. And if Outcome #3 is the outcome, then UVSE will decline sharply and strike its previous support pricing at $0.01 to $0.012, but it will not go beyond since it has already shed 97% of its share value; at these levels, the downside risk is far outweighed by the upside potential, especially given that the entire company's value is NOT riding on this single project alone. They have other properties that are producing oil and gas, and they expect revenues up +200% to +300% for Q2 and Q3 of 2008 WITHOUT including the Lone Oak project. So basically, my conclusion as reasoned out in this manner is as follows: yes, there is downside risk as there is in all stocks, but with UVSE hanging at these levels the downside risk is very minuscule compared to potential gains it can make. And given that there is a project pending completion, the stagnation period we are seeing right now will be a short one. Next week will be an incredible week for all of those holding UVSE if you accept the reasoning I have outlined above.
Regards,
Ben
I really think you made the right move, compared to what I did. I bought UVSE following market open on July 3rd and planned to hold over the weekend. Once July 7th hit, I sold half of my position but held on to the other half. The next day, on July 8th, I got out of bed and literally stood frozen in my underwear without doing anything while UVSE struck 0.039 and fell red all the way down. I think your having re-entered at $0.015 is a genius move, given UVSE's lowest low has been $0.012. Granted, it CAN go lower, but after it has tanked this low one must ask: for what reason would UVSE price lower? I doubled the size of my long position today in the morning when UVSE traded at $0.017 and my current position size is about 300,000 shares at $0.019 cost basis. I think we all need to be patient with this one, since it is clearly a developmental company finally turning a profit after making $0 revenue in 2007. The fact that they are drilling and completing pipelines is a good sign that there will be future gains to be made in UVSE.