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True… but it’s never fun to see minus 28% in the old stock tracking app after the opening bell. Also, seems like there should be all kinds of support to increasing domestic oils drilling campaigns. Instead our talking heads are trying to do the opposite. Creating unnecessary crisis wherever we look.
https://nypost.com/2022/05/31/summer-fuel-shortages-could-be-worse-than-1970s-oil-crisis/
Down 28%! I knew it! LOL
True. The day to day price fluctuations with no news don’t really matter.
This will pay off if we can get a well going. That’s all there really is to it. In the meantime it’s all a bunch of unnecessary noise.
Not much wiggle room so don’t need any further downward movement from your shenanigans lol
Crap… whenever you check in we tank the next week.
Congrats. I tried to buy on the cheap as well but was too late.
Dang somebody got some cheap shares this am below .005. Or way over spent of this thing goes under I guess. Who knows.
Someone still buying! Bid / ask now .0086 .0124 and last trade once again at .0122
Let’s gooooooooo
Not sure who is buying but my trading account was looking prittay prittay good (Larry David voice) when it was up at .0122 this morning LOL
now it’s trading back down to .0085 with the snap of a finger.
Well today’s big sell off chunk was mid day instead of at open…
Oh wow, who do you use for your broker? They sound more forgiving than most
Can you explain the mystery of the .0052 dirt cheap selling each morning? This selling is not ideal sailing conditions.
Looks like some games by the MM’s. 10k volume sitting on the bid / ask for .0055 / .0065. I just bought those 10k shares at .0065 and the ask hopped up to .009. So there was no sell volume from .0065 up to .009 which is 38% of the share price at .0065. That’s a GIGANTIC jump in the level 2 depth
Not. Great. Dare we buy these up? That was my first instinct to do at this deep discount. Which could definitely be wrong.
One of 2 things happened:
1) there were buyers and price went up to .013 on some decent buy volume and the market makers intentionally dropped the price almost in half with little opposition in a few trades. Buy volume was still there to pick it back up and close near high of day which is encouraging since potentially these buyers “know something.”
Or
2) buyers bought up price to .013 and someone got excited trying to sell at that price and didn’t know what they were doing and put a market sell order in and it sold all the way down until it hit spec’s dirt cheap bid of .0076
Either could have happened (or both?!)
The encouraging news is there was big volume before and after the drop. Would be AMAZING if someone knows something and that’s why there was demand to buy up shares
I did put in a dirt cheap bid to buy more that never got filled, so maybe it was a single flukey sell off from one of the scenarios you stated Spec?
Good luck everybody…hoping this heads back to the normal trading range sooner than later.
Whoa .0061?! These are either the deals of the century shares or it’s over. Ughhhh
I agree it doesn’t seem great right now but why would they continue to file SEC documents if it was “over?” They aren’t obligated to file any of those forms anymore due to the pink sheet OTC classification but they still do each quarter. Seems that leadership hasn’t thrown in the towel just yet.
GameStop and AMC flying today. Did this get a wall st bets / meme stock bump or was today real? LOL
Great day for the stock price today… congrats to those of you who have stuck around. Let’s get this thing over 2 cents so we can start making “my 2 cents” dad jokes…
Let’s gooooooo!!!! See all we needed was for me to go on a rant about how everything else in the sector is being impacted by the macro worldwide events except GSPE and bammmm!!! 24% up we go!!!!! LOL
Sorry one more post: thanks for always bringing the positive vibes WG
Maybe Anadarko is another egg in Mr Seitz’s pocket that isn’t displayed in the sole basket…would be great!
OK sorry I’m done spamming the board this am. Wishing you all the best.
I agree ChfD. I appreciate that this board sticks to facts and it is free of “to the moon” pumping I see everywhere else.
Thanks for this little nugget MktMvn… had not heard this angle with his son before. You’re always surprising me with new info. Really appreciate you and others sharing these tidbits. Cheers to you! Hopefully someday we will be able to look back on the past and laugh about posts doubting the future here.
Yes I’m up big time on WTI right now…which makes the stark contrast of my large unrealized loss in GSPE I get to stare at each day more frustrating. I’m up 235% on WTI stock I bought around the same time I got into GSPE (down 65%). Cheers to breaking even in life I guess! LOL
I agree. It’s not impacting share price like others in the same industry though.
Disclaimer: I am long GSPE and am hoping for a drill campaign in 2022.
With GSPE sitting at .0113 while the rest of the oil industry is flying, it is signaling to me that there is only 1 factor that matters for GSPE’s share price…and that is a successfully funded drill campaign.
There are no macro indicators surrounding the oil and gas industry that matter, no geopolitical threats that matter other than a potential loosening of govt regulations or expanded R&D due to oil shortages due to supply constraints.
The only thing that matters is a drill campaign. Which kind of sucks because all of our eggs are in one basket.
Anyone else notice a few million shares get dumped every time el Cheepo shows up on the board? LOL
Bullish!!!!!!
Oil stocks flying today. All the standard oil tickers up anywhere from 2 to 6% today. 0 volume for GSPE. This seems to be the perfect time to drill per many of the posts here on the board. Appreciate all of your industry insight.
Lol someone just bought 30k shares for $300 and it increased my account by $8,000 LMFAO
Only 454,000 volume. So $3,000 in trades lowered my account balance by over $10,000. Wrap your brain around that one LOL
Whoa when I logged into my account I saw it had dropped 5 figures and was like what happened?! It was all from GSPE this am... yikes!!!!
60 minutes did an expose’ on high frequency trading - the Market Makers are notorious for “front running” orders just like you’re describing here
Hoping that happens!
You going to pump on your discord again El Cheepo? LOL
Which would put the stock price at about .80, correct?
Not complaining but I prefer the original pumps and a bump video LOL
Congrats to those of you who lowered your average purchase price by buying the recent dips. The lowest I got in at was .0055 and it’s feeling pretty good right now. I’m still down from when I originally got in but I like where things seem to be headed!
GLTA!!!
Great point on the OTC transition from non-reporting pennies to the more legit pennies. GSPE handles itself like it’s still listed. Diamond in the rough!