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Look At The After Hours Trade:
Detailed Quote for United States Oil and Gas Corp (USOG)
$ 0.0042 -0.0008 (-16.00%) Volume: 14.52 m 3:52 PM EDT Jun 11, 2010
After Hours: $ 0.0034 -0.0008 (-19.05%) Volume: 3.68 m 4:34 PM EDT Jun 11, 2010
Down -0.008 at 4:34pm EDT.
Here's the link:
http://www.otcpicks.com/Custom-Stock-Quote.htm?t=d1&vs=true&qm_page=29765
Emailwire.com carries USOG news
Here's an informative news link:
http://emailwire.com/index.php?search_category=&terms=Usog
Support and Resistance
I ran a support and resistance Bollinger with Scottrade's Advanced charts (for ten days):
"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 within its Bollinger Bands. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the recent price action."
It shows support right around .0049.
It shows resistance right around .0065.
The best way I see to get the price up is to remove the Float (those shares that are publicly traded). The "Shorters" and the MM's won't have that much stock to work with. The short to cover is less than 1 day which is not bad at all. Instead of hitting the Ask, just gobble up the float. The price is low enough where we, the investors, can do it. The float is over 300,000,000 per last 10Q. So just buy and forget (but have alerts set for the payday).
RE: BID & ASK
Two questions:
1. Are the MM's required to sell at the ASK price (to a buyer)?,
2. Are the MM's required to buy at the BID price (to a seller)?
Their job is to provide liquidity and make the market.
If someone is willing to buy at the ask or sell at the bid, must they do so?
Thanks. Much, much clearer. The MM's often sell very small, token shares to "fix" the price. Again thanks.
Thanks - and note no one sold at the Bid of .0051 so the MM had to move it back up to .0055 and lowered the Ask to .0057
smack it .0059 and lets see if the MM will take your order. If they do watch, they place a buy or sell for a small qty back down.
What do you mean by "back down".
Thanks
Couldn't Resist (impulsive).
Everbody is glued to their screens. They see the pop. They get excited. Eod everybody expects.
For just $31.12 ( commision inc) I was able to make this puppy rise 20%.
Imagine what the MM' can do!
The Time
Stamp on that trade 1:02:02.
See the price go up 20%?
That was me buying 2000 shares at at bid price of .0125. It went thru. Yipee!!!!!!
Just a little fun.
Short Coverage
There is no current "days to cover" on APRO. Just the Reg SHO and 3210. There is an older listing from 2008 and 2007 etc. I checked my brokerage account for it and it came up blank. So, there is no reliable info on days to cover available.
Do you know how many days to cover (shorts)?
Is there a link that I can go to to find the current short coverage?
Trend reversal happening.
MACD turned positive indicating a trend reversal (uptrend).
50 day moving average upsloping. No cross yet to 200 day moving average.
Fearfull, though, of the infamous, almighty SELLER.
This company can easily be a "Cash Cow" vis a vis pay dividends (way in the future though).
I've seen the way Alex Tawse treats the acquired companies and the shareholders. They are always on the forefront of his thoughts. That's why I believe a div could be possible in the future.
For now, the promissory notes for Turnbull and United must be satisfied.
That should happen with the 2011Q1 10Q result. $.15 a share can easily happen. I, at that time, would only liquidate 25 to 50% of my position. The rest I'll keep for payday.
Accumulation happens by knowledgeable investors. They know the value is there. They average down. They make money on USOG by it's going down in price (they know full well it will go up).
JUST A RECAP
of the last several days:
1. The RSI still shows 32.2 more of an oversold status,
2. The 20 day moving average has not reversed slope would love to see it go positive slope and cross 50 day moving average,
3. The MACD is still -.0001.
The buying today at low volume (lots of buys versus sells) could indicate accumulation is taking place.
A loss shows up in brackets. Where's the brackets?
Yes indeed. Looks good!!!
There was only a dilution (one time) of:
30,700,780.00
this is not bad at all, but can explain the slide in price we have been having.
Promissory notes: 16,455,520 shares
common share sales: 12,878,768 shares
series A shares: 1,366,492 shares
Of course more aquisitions more dilution.
NET INCOME IS: $136,670.00
and it is positive (yipee).
Their cash on hand: $503,186.00
looks good.
And as expected notes-payable current: $4,400,000.00
I'm no accountant but these results look good.
Huh? 2-3 Billion market cap on this stock.
The company would need to buy back alot of public stock that gets retired for $2.00 to $3.00 a share to happen.
I'll confess. Yesterday I bought 61,000 shares at .007. Couldn't resist. Bid sat and got them little boogers.
Actually NBI pointed out how undervalued APRO is. That plus averaging down, plus PR news made me buy. Also the selling has dried up. AND Mark, at Whisper From Wallstreet (who must have gotten motivated), called and talked to Brian Bonner around May 5, or May 6. Bonner gave assuances to Mark at WFWS everything was on track. Mark even said most pennies he would not average down on, but cut his losses and leave. He said this stock was worth averaging down on. Visit WFWS's post on Facebook to read it personally.
NBI you give very good insight to APRO and are a great help. Keep up the good moderating job. Of course my opinion can change.
Thanks,
The_Pro
Here's An Analysis From (dated 5/18/10)
Streaming Chart
http://www.ino.com
UNITED STATES OIL AN (NASDAQ:USOG)
Downtrend
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term downtrend Downtrend 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 Above 5 Hour Moving Average
+15 New 3 Day High on Monday
-20 Last Price Below 20 Day Moving Average
-25 New 3 Week Low, Week Ending May 8th
-30 New 3 Month Low in May
-75 Total Score
Open High Low USOG Price Change
0.0100 0.0106 0.0084 0.0089 +0.0004
Streaming Chart
Simply passing on what I read as a plausible explaination for the drop in price. It was that individual who bought the 20,000 shares at that posting. I never bought a batch of 20,000. That info was relayed as food for thought and hoping someone could elaborate more on the matter.
I'm pretty confused about where this stock is headed and it's assessment. I did buy 63,000 shares yesterday to average down, hoping we hit a bottom. I bought based on the strong promotionals going on and the volume activity (that can be attributed to day trading and the MM's boosting the activity volume).
This stock could easily go to $.000x land. I've seen it happen with other companies.
USOG needs strong earnings. Period.
Net earnings/outstanding shares = earnings/share.
Good rule of thumb is 10 to 15 times EPS for a stock to be fully valued. Fund managers are very well aware of this valuation figure.
We (USOG) has losses showing up on what are to be profitable companies. That was the whole premise on buying these profitable companies.
The Hotstocked Link
you gave was very informative. USOG is paid promotional junk.
It seems Bigtoe 1963 is a paid promoter with North Korean style censoring of anything contrary to the welfare of the state (USOG).
It almost seems USOG is a shell company to get Turnbull out of financial straits. A nice golden umbrella package of cash (from note takers), promissory notes etc. Why would a strong company sell out? They wouldn't. Nobody sells a business making money. Anybody with lay opinion could figure that out.
I emailed IR Marcy Levy questioning the status of their fiber optic sensor array and their portable leveling system. This was approx. 2 days before the news of the acceptance of the patent application for the optical sensor array. I asked: 1) had any product been licensed or sold?, 2) any implementation of these two tech's in a service capacity? She only referred me to the upcoming news due out at the end of the week. Elusive and non responsive.
To the best if my knowledge there is NO developed products for the portable leveling system or the optical sensor array. It takes alot of money to develope these types of products the least of which USOG DOES not have the wherewithals to do so.
If Bigtoe1963 deletes this he's a promotional scammer for USOG.
See NBI's post #5765.
Also, the numbers I used came from when I worked as a contract/consulting engineer. I was constantly in touch with owners/recruiters for engineering job shop firms. The lowest price a small firm was willing to go was
22%. I believe that was assuming the contract engineer was on a 1099 tax basis and carrying their workman's comp.
It's very possible markups can be in the 40-50% brackets.
Wow!
$47million is a markup of 48.5%
$144m -$47m = $97m
1.485 • $97m = $144m
I was unaware of the industry standard for comparison purposes.
The 144 million in gross proceeds is deceitful especially to those new to the employment agency business. It sounds like a huge revenue. But the typical markup on a professional type employee is 25-30%. It could be higher or lower depending on the professional employees expertise.
So, an engineer billing APRO $50.00 an hour will in turn have APRO charge their client
1.25 • $50.00 = $ 62.50 to 1.30 • $50.00 = $65.00 per hour.
This translates into a gross income of between $28.8million to $33.2million based on $144million in proceeds.
This is the high end figure. Technicians, tech. writers would be a 15% markup say.
Of the $28.8million to $33.2million APRO HAS to pay workman's comp., unemployment insurance, employer contributions to the employees taxes plus liability insurances. Man it dwinles fast from the boastfull $144MILLION.
Justtrying,
Here's one law firm that specializes in class action suits for security violations. They filed a class action against CTIC. The law firm is:
CONTACT:
Holzer Holzer & Fistel, LLC
Michael I. Fistel, Jr., Esq., 888-508-6832 (toll-free)
mfistel@holzerlaw.com
or
Marshall P. Dees, Esq., 888-508-6832 (toll-free)
mdees@holzerlaw.com
These two guys will help you out. I have addional firms, but start here. There can only be one lead plaintiff (the one with the most damages) but all in class action will get compensation ( you're a quiet plaintiff).
Keep me and every one else posted.
Thanks
It's a Federal Securities act violation. Therefore the jurisdiction would be in federal court.
I have the names of probably 6 - 12 lawfirms that handle Securities act violations. Class action lawsuits.
Euch, (Postscript)
This advice is strictly based on the integrity of a company. If they are dishonest and untrue I won't touch them.
However, it's possible with "Promotional News" this stock could bounce.
I would not recommend this stock to a newcomer though.
Euct,
Depends on how much you have invested. If it's a sizable amount - yes. I have 29,000 shares (value of $261.00) so it doesn't matter too much. My immediate thoughts were to sell ASAP.
Dear TakeChances,
Very nice investigational work. DFCO did some major securities violations. It was headed by Brian Bonner APRO's president.
Mark, at Whisper From Wall Street, claims somebody walks in and hands him $25,000 to promote a stock. No questions asked. That would draw a red flag to me. He promotes a stock he would have to know is corrupt. Remember to put your stops in at $.02, just in case. That tells me he knew it it was bad.
Sepod needs to be investigated also. I would love to know where that paper trail leads. I could take a very good guess.
This case needs to be presented to the SEC and possibly a DA with the proper jurisdiction.
Here's the address:
info@whisperfromwallstreet.com
for the paid advertiser.
This is a partial of the disclosure statement:
WFWS has received a fee of twenty five thousand dollars cash from a
third party (Sepod II Inc.) for the APRO advertisement
Yes, I found the current share structure.
SHARE STRUCTURE
A/S: 980M
O/S: 86M
Float: 36M
(Confirmed as of 24th March. 2010)
The Authorized Shares are a bit high. A source of dilution?
Sounds good to me. Thanks.
I checked with OTCMarkets.com (PinkSheets) and they show
Float(shares)
21,000,000 as of May 9, 2008.
As you can see it's dated. Your figure is probably good.
Just guessing
but it seems an investigation by the SEC would have to occur. The Market Maker would have to be subpeoned, then the broker to reveal the parties involved.
US Attorney General?
It is best to be left up to a law firm specializing in securities fraud. I have several of those in mind.
I just bought in Monday so I've only studied the blogs and rudimentary charting. I have not performed any advanced charting or studied any analysts' reports.
I don't even know what the float is, but my understanding is that it is low. That should help spike this stock.
Concerning price rigging
Folks, I only speak from conjecture only, but it seems a price rigging occurred on 5/3/10.
It is fact Sepod 2 gave a certain promoter $25,000. to promote this stock. The price went up to .03. Selling then took place on a high volume basis. This was aided and abetted by this promotional advertiser that a stop order should be put in at 0.02. Just in case. This Whisper that we all got would cause an addional cascade once .02 was reached. That explains why this stock is going down. The promoter profitted a second time by immediately selling short. They made money going up and just as vicious going down.
It defies common sense someone would hoopla a stock and then say put a stop sell order in place quote "just in case". Rigging.
What needs to be done is a paper trail (electronic) to see who bought and sold large amounts of stock and if they then shorted them. I don't have the resources to follow this trail.
Drax,
Next homework assignment ( with regards to penny shorting): what is the current days required to cover the shorts on USOG.
Is there a link to see how it has trended in the last week? Month?
I used to know it, and watch it for PENNY stock CTIC (BigToe1963 will know this).
I know it exists for pennies. ThinkorSwim would broker it from my understanding.