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The RSI Indicator Is Currently At 44.07.
Last week it was 55+. The trend indicates an oversold condition exists or has happened. The Doji indicates to me indecisiveness.
Checking The SEC Filings
I cannot see any type 3 or type 4 (insider trading trans.). Jeff Turnbull didn't unload any of his 400,000,000 shares today.
Recent CandleStick Analysis
Very Bullish
Date Candle
Sept-15-2010 Homing Pigeon
Sept-13-2010 Hammer
Sept-10-2010 Bullish Harami
This is per Stock Technical Analysis web site:
http://www.stockta.com/cgi-bin/analysis.pl?symb=USOG&num1=1&cobrand=&mode=stock
Yes, Ack0605 posted that on IHub. He's by far, the foremost/best, most prolific writer on the IHub USOG message board.
That note is not due till late 2011.
Maybe Mike, note holder at United Oil, will follow Jeff Turnbull's position and get USOG stock.
More Volume:
USOG 67,468,857
and it's the green type. Maybe this is the Kick in the Ask price Ack0605 was talking about.
25 mil now.
Market is open 36 minutes and the volume is:
Manage USOG $0.001[-] $0.0011 $0.0011 -0.0001 -8.33% $0.0012 $0.0012 14,919,832 Trade
15mil. Wow.
Implementation:
Matthew Cody Maza: Secretary of USOG
Here's his extensive securities capababilities:
Cident Law Group PLLC
Matthew Maza, Esquire – Attorney Matthew Maza is admitted to practice law in the State of Washington. He has extensive experience in the securities field in regards to drafting private offering disclosures, acquisition/merger agreements, and stock subscription agreements. In addition he has extensive securities research background in the areas of NASD/SEC rule violations pertaining to fraud, unsuitability and other issues. He has researched globalization issues in various fields of study with a focus on trade related intellectual property. He has performed a Compliance Research Internship with the National Association of Securities Dealers Regulation (NASD).
LLM in Taxation from the University of Washington
J.D. degree from Seattle University School of Law
M.B.A. degree from Seattle University Albers School of Business & Economics
B.S. degree in Molecular Biology from the University of Washington
B.S. degree in Economics from the University of Washington
Washington State Courts
United States District Court, Western District of Washington
Federal Tax Court
Copyright 2008 Cident Law Group PLLC All Rights Reserved.
Next: Implementation
The Sec Lawyers
Stay tuned. I have to come back on this.
What Does Security Mean?
An instrument representing ownership (stocks), a debt agreement (bonds) or the rights to ownership (derivatives).
Investopedia explains Security
A security is essentially a contract that can be assigned a value and traded.
Examples of a security include a note, stock, preferred share, bond, debenture, option, future, swap, right, warrant, or virtually any other financial asset.
Part Two Of Tools
What Does Debt Security Mean?
Any debt instrument that can be bought or sold between two parties and has basic terms defined, such as notional amount (amount borrowed), interest rate and maturity/renewal date. Debt securities include government bonds, corporate bonds, CDs, municipal bonds, preferred stock, collateralized securities (such as CDOs, CMOs, GNMAs) and zero-coupon securities.
The interest rate on a debt security is largely determined by the perceived repayment ability of the borrower; higher risks of payment default almost always lead to higher interest rates to borrow capital.
Also known as "fixed-income securities."
Investopedia explains Debt Security
Most debt securities are traded over-the-counter, with much of the trading now conducted electronically. The total dollar value of trades conducted daily in the debt markets is much larger than that of stocks, as debt securities are held by many large institutional investors as well as governments and non-profit organizations.
Debt securities on the whole are safer investments than equity securities, but riskier than cash. Debt securities get their measure of safety by having a principal amount that is returned to the lender at the maturity date or upon the sale of the security. They are typically classified and grouped by their level of default risk, the type of issuer and income payment cycles.
These Instruments Are The Tools
At One Penny A Share, Jeff Turnbull
covers his $4.0 million note (400,000,000 shares he owns). The rest is gravy.
He May Say, Cash On Hand And Additional Stocks
and the note is exonerated; completed per agreement but at less than full value (from a creditors point of view).
Yes, The 400 Million Shares Show
discretion has already been excercised. In any negotiations, once a concession is given you can bet your LAST NICKEL the next concession is right around the corner. It's called getting the other side commited. Jeff Turnbull is commited.
The Valuation Given
is overly simplistic. There are many ways to evaluate a stock, some subjective and many objective. And with forward looking statements. A net earnings valuation is a rough cut. See the followinf in Investopedia:
http://www.investopedia.com/university/fundamentalanalysis/
The Note Is Not Etched In Stone.
All payments hereunder shall be payable, at the discretion of Payee in lawful money of the United States of America that is legal tender for public and private debts.
One Other Important Valuation:
what the market says it's worth and currently that's $.0014/share.
Nice point out.
You want something else: earnings based on non dilution (As of June 30, 2010, there were 1,029,378,400 shares of the issuer’s common stock, $0.000003 par value, outstanding; this is the de facto amount) were:
$.00001 per share/quarter.
Multiply by 4 Q's :
$.00004 per share/year.
Valuation 10 to 15 times (say 15):
$.00004 • 15 = $.0006
This is the valuation I get (what the stock is worth). On a diluted basis it's worse.
There are numerous ways to come up with valuation.
1. Four times net earnings/qtr times 10 to 15,
2. Find an equal like, kind and quality business and project from there.
Dilution is this stocks biggest enemy (but very necessary).
Thanks for the point out.
GOLDEN CROSS OVER PREDICTION (20D MA OVER 50D MA):
9 days from Fri, Sept.3rd or Fri, Sept 17th, 2010 .
This was calculated by assuming the price of USOG stock increases exactly $.0001 daily.
Friday's (9/3/10) 20D MA was $.00117.
" " 50D MA was. $.00154.
I progressed forward by increments of $.0001 i.e. Tues, Sept. 7th would be $.0016 and Fri., Sept. 17th would then be $.0024. The trailing ends of the 20D MA & 50D MA were subtracted out progressively. The 50D MA started on June 25th, 2010. The 20D MA started on August 9, 2010.
This cross day calculation is exact if USOG's price exactly goes up $.0001 daily. If USOG spikes, the cross over will occur sooner ( the 20D MA is a faster responder than the 50D MA).
Thanks,
The_Pro
This Stock Is Now Being Heavily Promoted
The word is out. Every newsletter/forum site is going to broadcast this STOCK OF THE YEAR.
Here's An Interesting Link To A USOG Forum Message Board
It appears to be polished and well written:
http://www.hotstocked.com/message-board/USOG-stock-92642.html
I Guess Capital IQ Got It Wrong.
No 10q for 2010Q3. Last SEC filing is still 6/16/2010, the 10-kt.
Gaps, Are A STRONG Bullish Indicator.
Yesterday''s Open Was Definitely A Gap.
Case in point. More gaps coming, esp. uplisting and note completion.
There Will Be Upward Gaps,
Not just steady climbs.
There Are Two Options Now For Jeff Turnbull:
1) Convert the note to as many USOG shares as possible and consider the note satisfied in full. Price goes thru the roof. The $4,000,000 is nothing.
2) Simply extend the note in time.
These two items, both, will cause the stock price to rise.
Here's What BarChart.com Says About Support And Resistance:
Support & Resistance
Get Cheat Sheet
2nd Resistance Point 0.0017
1st Resistance Point 0.0015
Last Price 0.0014
1st Support Level 0.0012
2nd Support Level 0.0011
Here's A Fact, Deutsch
If you bought at the 52 week low Tuesday, you would have made 67%, on your money, in three days.
It's not even close to being too late to buy. Again welcome aboard Jeff Turnbull and Deutschetrader.
Waiting For The Golden 20 Day MA To Cross Over The 50 Day MA.
Currently 50 Day MA at .00150
Currently 20 Day MA at .00117
Short Synopsis:
There is 1.4B shares O/S (exact figure I have to look up) not 1.0B.
The entire downward pressure was the strong concern the $4,000,000.00 Promissory Note (to Jefff Turnbull) could not be met by Dec. 31, 2010 and a default would occur. USOG stock would be about worthless. Couple this with a majority shareholder vote to increase the A/S to 5.0B from 1.8B caused a great fear of major dilution.
THIS ALL CHANGED.Jeff Turnbull accepted (early to mid July 2010) 400,000,000 shares in lieu of $200,000.00 of the Promissory Note. This was shown on page 57F of the Registration Filing op cit. Jeff Turnbull did two things in my opinion:
1) He endorsed USOG stock by becoming a beneficial shareholder, in essence saying this is a great, undervalued stock,
2) He then committed himself with a vested interest in USOG.
Enough said for now.
I'm Contacting Promotional Newsletters With The Alert:
Registration of USOG revealed Jeff Turnbull converted $200,000 into 400,000,000 shares. Note problem cured? Stock should move.
PROMOTE
Thanks,
The_Pro
So far :
WhisperFromWallstreet; Beaconequity
Jeff Turnbull Just Made $80,000.00 Today
400,000,000 shares • $.0002 (current up) = $80,000.00
I Dared Not Give Away Your Spot
So I Made Sure He Was Assistant Moderator.
Pretty Soon The German Dude Will Be One Of Us.
After all, he understands the value of a Deutsche Mark.
Welcome aboard Jeff Turnbull and the Deutshcetrader.
IHUB Should Make Jeff Turnbull An Asst. Moderator.
He's now one of US. He could easily keep us well informed.
Some Experience.
Cheyenne Resources delisted from BB to pink. Symbol went from CYRS to CYRSE and then CYRS.pk (just an example don't buy).
One Day We'll Wake Up And USOG.pk Is Now USOG.BB.
At $.10/share.
Yes.
They would see all the orders AND how they are placed i.e. say a stop order (don't use) or who the protected traders are (I don't know, do you?).
Yes, Both Sides Are Getting Committed.
They have to move forward now. Too much commitment to back down now. In any negotiations you want to get the otherside committed.
Just look how much commitment USOG has put in to the Registration form plus the ammendments. That is a HUGE undertaking. It has to be right and all encompassing.