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High Of $.085 Today
Check our chart box, high of day is $.0085.
I got an alert from Scottrade for $.0085 being triggered.
The following Stock Alert has been triggered compliments of Scottrade.com.
UNITED STATES OIL AND GAS CORPORATIO - Sale price rose to 0.0085
Last Sale: 0.0085 at 09:30:14 EST
Price when alert was set: 0.0061 on 10/20/10 12:21:58 EST
I believe you meant that for Goldfinger, not trader.
Oh brother.
I Will First Refer All To Read Beacon Equity's Tutorial On Flags And Pennants:
http://beaconequity.com/mini.ebook.pdf
First a time frame. According to Beacon's Tutorial the length of time, for the pennant, can be as short as 5 days or up to 3 - 5 weeks. The pennant formed on 10/13, so USOG is now heading to it's 8th day. 3 - 5 weeks would get us right at the 10Q for Q3 2010 release date. I expect activity to start the first week of November or 3 weeks into the pennant. So the length of the pennant I would give as 3 - 4 weeks.
Just eyeing up the two converging trend lines, the downward sloping one and the upward sloping one and taking that out 2 weeks I would say high .004's with no further back up than .0042, the close before the second major gap. I would expect USOG will fill that gap and no more.
The breakout, when it will occur, will have alot of volume associated with it and the opposite side continuing pole should ensue. The length, equal to the first pole, approx. .0075 - .0076 (when the breakout occurs add this amount to that baseline price).
I can't say for sure any prices, but for sure USOG is in a bullish consolidation uptrend.
Now For A More PRO Touch
After carefully, reviewing, Investopedia's definitions of Flags, Pennants, Wedges and Triangles, and diligently studying the chart on USOG, only one conclusion can be drawn: a Bullish Pennant has formed. The base of the flagpole started 10/8 and it topped out on 10/13. From 10/13 to present USOG has entered the Pennant Race where consolidation/continuation has taken place.
I refer everyone to Investopedia's short tutorial:
Analyzing Chart Patterns: Flags And Pennants@
http://www.investopedia.com/university/charts/charts6.asp
So In Recap, Goldfinger Has Been Beaten By James "The Slayer" Bond.
Uptrend Or Downtrend? Bullish Or Bearish?
Let's have INO.com's Smart Scan Chart Analysis settle the score:
UNITED STATES OIL AN (NASDAQ:USOG)
Uptrend
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
Based on a pre-defined weighted trend formula for chart analysis, USOG scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
-10 Last Hour Close Below 5 hour Moving Average
-15 New 3 Day Low on Thursday
+20 Last Price Above 20 Day Moving Average
+25 New 3 Week High, Week Ending October 16th
+30 New 3 Month High in October
+75 Total Score
Uptrend/Bullish is the verdict.
Q.E.D.
The_Pro
The Best Overall Daily Stock Chart IS Our Stock Chart
in the IBOX. It's a feed from StockCharts.com. Your online brokerage advance charts should be real good also.
A poster, onboard here, was posting, custom, specific charts on USOG. That was Matt_Chart. He had the link to his site with the customized chart.
If you want a tutorial on Flags and Triangles go to this link by BeaconEquity:
http://beaconequity.com/mini.ebook.pdf
Hey Penny. The Next Time Somebody Asks You For A Mathematical Reasoning, For Your USOG Price Prediction, Use The Bull Pennant As Your Offer Of Proof.
That YouTube Tutorial Was Great. It Depicted The USOG Situation To A Tee.
The Bullpennant Flagpole I Get To Be $.0075
.0102 -.0027 = $.0075 length of flagpole. Add that to the start of the next leg up which is after all the constipation is over (I misspelled consolidation).
It's more than your $.0115.
Nice point out Penny, this is very valuable.
Overview Of Registering Securities:
See The Last Paragraph For Exemptions From Having To File A Form To Register A Security
Securities Act of 1933
Often referred to as the "truth in securities" law, the Securities Act of 1933 has two basic objectives:
require that investors receive financial and other significant information concerning securities being offered for public sale; and
prohibit deceit, misrepresentations, and other fraud in the sale of securities.
The full text of this Act is available at: http://www.sec.gov/about/laws/sa33.pdf.
Purpose of Registration
A primary means of accomplishing these goals is the disclosure of important financial information through the registration of securities. This information enables investors, not the government, to make informed judgments about whether to purchase a company's securities. While the SEC requires that the information provided be accurate, it does not guarantee it. Investors who purchase securities and suffer losses have important recovery rights if they can prove that there was incomplete or inaccurate disclosure of important information.
The Registration Process
In general, securities sold in the U.S. must be registered. The registration forms companies file provide essential facts while minimizing the burden and expense of complying with the law. In general, registration forms call for:
a description of the company's properties and business;
a description of the security to be offered for sale;
information about the management of the company; and
financial statements certified by independent accountants.
Registration statements and prospectuses become public shortly after filing with the SEC. If filed by U.S. domestic companies, the statements are available on the EDGAR database accessible at www.sec.gov. Registration statements are subject to examination for compliance with disclosure requirements.
Not all offerings of securities must be registered with the Commission. Some exemptions from the registration requirement include:
private offerings to a limited number of persons or institutions;
offerings of limited size;
intrastate offerings; and
securities of municipal, state, and federal governments.
By exempting many small offerings from the registration process, the SEC seeks to foster capital formation by lowering the cost of offering securities to the public.
Here's Where The Dollar Stands:
EURO
1.39 +0.02 +1.70%
The Euro is up 2 pennies against the dollar. Expect the dollar to keep dropping.
Get A Margin Accountant At Scottrade.
Cash accounts take 3 days for the money to clear. Margin accounts take 3+ hours. Many of times I've been at my Scottrade office 6:10am PT. Money was good to go 9:00 - 10:00 am. Margin accounts need $2000.00 to open at Scottrade. So bring it up to $2K. You'll also need it if you are a flipper. You sell you can buy back immed. Not so with cash accounts.
Also don't buy a stock on margin. Ever.
Using Scottrade's Advanced Charts Set @:
• Today
• 5 minute intervals
• MACD
2 crossovers had occurred today, before 11:20am EDT or so. The last being the MACD crossing up and over the signal line. + trend reversal for today's trading.
Good. Very Clear Now. 30 minutes for the parameters.
Stockcharts.com allows one to select whatever parameter you want.
Thanks.
You're Doing Something Right. The Second Stock You Picked
is one of the best ones you can get. All the mod's, asst. mod's on this board will tell you so.
Depends on what your savings, income and how much you've invested. You should invest 10% of everything you earn anyway. If you had 10k and invested 1k you're ok.
Also hold long term or $.10 whichever comes first.
A Question About Your Chart's MACD.
How is it the (12,26) has crossed over the (9) so fast on Oct. 13th? No other chart shows this cross over ( of course showing a trend reversal). Also, your chart shows the MACD (12,26,9) to be negative, other charts show the MACD as positive?
No SEC Form 8-K Filed Mon. Thru Today. I Would Assume The $1.35M Was Satisfactorily Paid At It's Maturity Date 10/9/10 (Sat).
Maybe Jeff Turnbull is liquidating some of his stock.
You sound cheery, that's good. As of now I have no exit point in consideration. As long as they are progressing I'll stay. If USOG becomes a major conglomerate and a cash cow ( i.e. dividend producer) why leave? I know the next 10 to 20 bagger for a good parlay. Pehaps. I'm here for awhile for now.
It seems the crowd came for the concert and now left. However, we picked up some smart investors that will be long termers. Warren Buffet would hold a stock for a lifetime and that wouldn't be long enough. That's how long he would hold a stock.
See my post #7294 to basically answer your question.
I will give it some more thought on the "hypothetical feasability of sell/buy at gaps trailing the uptrend vs holding long". I'll also consider when a sell/buy should be considered such as during several up gaps (like we just had). From the gut though, it's a no. Too risky for this stock.
Today we had a spread, in price, of $.0121 -$.0063 = $.0058. For every 1M shares that's $5800.00. Suppose we are at $.25 a share. Just 10% flucuation is $.025. For 1M shares thats a $25,000 swing. Bounces will become more costly. Today's + flucuation was 31.5%. Imagine 31.5% flucuation @ $.25 with over 1M shares.
Penny stocks (sub penny) can be shorted by "the public". USOG has plenty of that in it's history.
ThinkOrSwim I believe allows it. I believe it allows stop loss orders (not recommended) also.
Here's INO.com's Smart Scan Chart Analysis On USOG:
(for trade day ending 10/13/2010)
UNITED STATES OIL AN (NASDAQ:USOG)
Strong Uptrend
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
Based on a pre-defined weighted trend formula for chart analysis, USOG scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
-10 Last Hour Close Below 5 hour Moving Average
+15 New 3 Day High on Wednesday
+20 Last Price Above 20 Day Moving Average
+25 New 3 Week High, Week Ending October 16th
+30 New 3 Month High in October
+90 Total Score
Hey ACK, You Asked For Suggestions For IBOX.
Why not create a pyramid with the USOG logo now used in the IBOX
followed with a base of Turnbull, Bassinger and United Logos. It would give vibrance to the IBOX as well as a real feel of a major conglomerate forming.
Here's An Excellent Tutorial On Filling The Gaps Titled:
Playing The Gap
by Justin Kuepper
The link is (Inestopedia):
http://www.investopedia.com/articles/trading/05/playinggaps.asp#
Getting to your inquiry, do gaps have to always fill?
That depends on why the stock gapped. Was there some fantastic news such as better than expected earnings, a royalty payment on a pattent say, or a plethora of good news.
Sometimes hype causes gaps such as thru pump and dump promoters. That causes a false, black hole type gap.
The case with USOG is hype and speculation some founded some not. The uplisting to OTCQB is founded as well as the convertible note to Turnbull becoming less agravating and more mitigating. There were three large
gaps this week Mon, Tues. and Wed. Once the hoopla wears off you drop back down to pre gap levels and rise in a normal fashion. It should be noted these gaps are continuation gaps and not exhaustion gaps. As such, it is a strong bullish indicator. If a gap were to be filled it would be at Monday's close of .0042 or about.
Those Recorded Trades Were Protected T Trades That Were Broken Up To Avoid Alerting investors that someone big is getting involved.
That's A Very Good Point On Not Trying To Sell At
or near the high of the day. Even if your ask is above the inside ask price you may not get back in. I know you know this BT. It's strickly for the newcomers on board.
This morn., before opening, the RSI was at 90. An over bought condition (current overvalued). At opening it gapped and took off to $.0121. I let it go. It then backed up to $.011 or so, fast. I questioned, should I sell at this price since a back up was occurring. It went too fast anyway, down to $.009 where there was support for a couple of hours. The bids and asks started to rebound. I for sure would have panicked bought. I would have made $.002/share or $2000.00 per million shares (I have more). I would have risked not getting back in for $2000.00+ maybe. If I missed that would have been disasterous.
You had a post saying how those who sold in the .002's and then .004's were frozen out. That was very disasterous. They were missing the big picture. Most pinkies are a pump and dump. Traders expect that. That's why the panic selling today.
The new traders/investors coming on board have got to learn this is a long term deal. Nothing short. The pps will rise and rise LONG term.
The teaching, training and emphasis is LONG TERM. There is alot of near expert opinions on this board to that affect.
Long term. Get it.
That's Just A Recorded After Close Transaction. There Is No Trading, On OTC Quotation, After Hours.
Yep. Plus next year (for year 2011), at your bracket, you'll
only pay 10% long term and 15% short term. You won't have to worry, in 2011, about short or long term you"ll only give up 5% by going short.
If you have a long term stock now, this is the year to sell. You"ll make an implied 10% on your gain.
As A Poscript Pet Scottrade Advance Charts:
Bollinger Bands
USOG's recent volatility has been greater than normal. This is evidenced by the increased distance between the upper and lower Bollinger Bands. These bands measure volatility using standard deviation and a large width is due to high volatility. Additionally, USOG is trading above its upper Bollinger Band. Relative to recent price action, the stock is currently overextended and due for either a pause or retracement.
Anyway, As A Recap :
• The RSI has dropped to 70.52. That's down from yesterday's 90 +.
USOG is still overbought.
• USOG did gap this AM. The level 2 5 minutes before opening proved this was going to happen.
• Volume today was definitely a six month record, beating the 124,000,000 + on Sept. 15, 2010.
Yeah, You're Right. I Was Responding To Rooboy's Post About 0% Long Term
Capital Gain. Depending on the context, he could be right.
It's kinda like you can make less than $8000.00 a year and, probably, don't have to file a tax return. Also, if the Govt owes you money you don't but.... That's a stretch.
Here's A Link To The Wikipedia Chart:
http://en.m.wikipedia.org/wiki/Capital_gains_tax_in_the_United_States?wasRedirected=true
Per Wikipedia Here's The Tax Schedule Currently And Post 2010:
The reduced 15% tax rate on qualified dividends and long term capital gains, previously scheduled to expire in 2008, was extended through 2010 as a result of the Tax Reconciliation Act signed into law by President George W. Bush on May 17, 2006. As a result:
In 2008, 2009, and 2010, the tax rate on qualified dividends and long term capital gains is 0% for those in the 10% and 15% income tax brackets.
After 2010, dividends will be taxed at the taxpayer's ordinary income tax rate, regardless of his or her tax bracket.
After 2010, the long-term capital gains tax rate will be 20% (10% for taxpayers in the 15% tax bracket).
After 2010, the qualified five-year 18% capital gains rate (8% for taxpayers in the 15% tax bracket) will be reinstated.
I'm still researching to see what Obama has done to the Tax Act.
Hey ACK, The IBOX Should Show Inside Ownership Of The Stock,
plus beneficial, major shareholders. I would show Alex Tawse (Pres, CEO, Chair) as well as Jeff Turnbull (Pres. Of Turnbull Oil) @ 30,000,000 & 400,000,000 shares respectively. Jeff's shares of course being non restricted (hence Major float reducer). It also shows they are very committed.
Don't Worry. He'll Be Here Even When The Cows Come Home.
Alot of the long timers here know its $.15 - $.25 next year. The net earnings will soar. That will punch thru all flippers. It's the best of all the fundamentals. To me it isn't the $10,000 turnaround I had today. I just don't want to make a $250K to $500K mistake.
Same holds for all the moderators, et als (John & Jane Does Long).
USOG Is Probably Bisexual. It Can Go High Or Low.
Either way.
Laugh Out Loud LOL.
My Guess Is We Will. We Had Panic Selling.
We will now have panic buying.
This stock is definitely bipolar; ie manic/depressive. It must have been born in an elevator; it has so many ups and downs.
You always want to buy a stock on an uptick, not a downtick on the bid.
It is now an uptick.
I Wonder What Jeff Turnbull's Frame Of Mind Is?
He has 400,000,000 x $.092 = $3,680,000.
Enough to say kiss it good bye note.