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sno43wolf read #3607
mick there were only 5,000 shares sold at $0.09. So what are you talking about. What pattern is that with 5,000 shares?
So if I buy 100 shares at $0.40....The trend is bullish?
5,000 shares is not a trend at all.
As far as I'm concerned the trend is still down. It did bounce back from the support at $0.18 that was established in 2005 however this is not enough. We need to see higher high and higher low in the next few weeks in order to even think about the reverse in the trend.
Please try to reply to any postings only once don't post 500 of them there is no need. Try to consolidate your thoughts in one posting...
Crazy day... I don't remember when was the last time PRVB closed under $0.20...
What's happening to the NG price? This thing dropped some 15% today. Any ideas...
jktdet it's funny that you mentioned it since I had the very same feeling...
I guess we got all BOD members needed for AMEX
here is the news release from this morning..
Powder River Basin Gas Corp. (OTC BB:PRVB.OB - News), a revenue generating producer, acquirer and marketer of crude oil and natural gas properties, today announced that Mr. Mark Chang has been appointed to the Company's Board of Directors.
Mr. Chang is currently the Chief Executive Officer of OL&M Business International Pte Ltd. He also is the creator of OilPods, an oil and gas investment organization which introduced international oil and gas investment to Malaysia, Indonesia, Hong Kong, and Singapore.
Prior to his involvement in the oil and gas sector, Mr. Chang was involved with international banking and property development in Australia. Mr. Chang holds a BBA Finance degree from the University of Wichita in Kansas, USA.
Mr. Chang's position on the Board will commence on August 21st, 2007.
"I am extremely pleased to welcome Mark to our Board of Directors. I have had the pleasure of working closely with Mark for the last several years during the development of both OilPods and Powder River, and I believe his involvement will help to greatly increase our visibility internationally," stated Powder River Basin Gas Corp. CEO Brian Fox.
By looking at the chart the next support from 2005 seemed to be in the $0.175 - $0.18 range....
Any thoughts...
Hmmm how low this thing can possibly go? Any ideas...
I think we got the 3 official members for BOD
Fox Brian D
Johnson Jeffery Q
Havelock Jonathan Niles
I got this from www.sec.gov filed this morning. All of them are listed as directors...
AMEX we are coming...
StormyMonday I'm done buying unless it drops unreasonably low or goes back to high $0.20s
jktdet maybe someone is trying to scare investors off...
No, the bid never went down to 0.09 or 0.14 the lowest was 0.19
Somebody got lucky to buy this 10,000 shares...
jktdet this is a good example of manipulating the market...
We may see $0.19....
$0.20 on the bid...It doesn't look good at all
Dammm what a trading today.... 500K+ not bad
I like it when the volume is like today's..
mick All that matters is Oil & Gas revenue everything else is balloony....
Upsss no more the ask is 24.... missed opportunity ...
I guess a revenue of over $1MM from oil & Gas would have been good..
Haaa 23 on the bid and 22 on the ask this is buying opportunity..
Next buy will move it to 23
This is bad results since the oil & NG revenue dropped compared to the 1Q. This is just my opinion..
some of it is mine
Stormy I'm going to get a $10,000 commission from my job in mid September. If the price goes under $0.20 I'm going to add some 50K+ shares to my existing position.
Hey Stormy by now you should be close to 200K shares. I need to catch-up
StormyMonday I got just few thousand not even half of what you got. Lucky you..I got mine not in one single block. I'm out of cash again
StormyMonday I'm waiting for a fill at $0.22 as well
Technicals look very strong
RSI went above 50 this morning
MACD the 9 day moving average went above the 12 day
CMF is on green as usual
Well all three say "Buy". Hmmm might be a good sign
Any thoughts....
jktdet I think we won't see AMEX until early next year...
Hmmm PRVB holds the $0.25 - not bad. I guess investors expected much worse 2Q.
I think we may drop under $.20
Oil and NG prices are up. Haven't seen both being up for a while..
StormyMonday I hope you didn't cancel your order at $0.22 it should exercise soon
StormyMonday no the numbers are off. Add the 1Q oil and gas production to the 2Q oil and gas you should get $1.6MM roughly. And according to the report the 6 months oil and gas is $1.3MM This can't be right
The numbers don't ad up. Their oil and gas revenue is 648,548 for the 2Q and for the six months is 1,366,833... How come their oil and gas revenue in the 1Q was 900K+ and according to the above numbers it's 718K ?????
So they issued some 6MM shares in the 2Q again. What's going on...
zardiw - Thanks. The results are not great at all...
Guys where did you get the 750,000 from?
Can you send some references pls?
StormyMonday I think you are right the correct number was 17MM not 13MM. But estock50 is right anyway there were much more shares traded since then - some 40MM
StormyMonday Correct..
StormyMonday Revenue is down 3%. The stock also follows the general trend of the market. Since the market is down today NTES is affected by this trend as well.
Stormy actually their earnings are at $0.31 PS but their revenue dropped some 3% and the result is obvious -4.5%. But I'm still up $0.09 PS since I got it at $15.76. Complete joke. Their competitor GIGM reported $0.17 and on revenue 80% increase over 2006 and the stock went through the roof.
This guys (NTES) operate at 92% Gross Profit Margin and close to 60% Net profit margin. I don't think you can find another one with the same performance. In addition, they have approved $120 share buyback program just a month or so ago. Thy will buyback about 16% of the Float. This is a big deal
The stock is traded at 13 PE - extremely undervalued based on the above.
I bet you this stock will be back to $18-$19 just in a month.