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Looks good. I won't bother Jeff on this matter.
Good work and thanks for saving me time in having to investigate.
Ad Lib
I sent an email, directed to Jeff Turnbull Saturday, July 10th, trying to confirm 12thman's email coversation. I haven't, as of yet, received a reply.
The Spread Shows Digging In
Nobody can make a move, they are waiting for Q2 profits and uplisting to OTCBB.
The Turnbull note also is praying on everyone's mindset also.
For sure if someone sells at the bid we'll finish lower for the day.
Thanks ACK0605.
You have been SO informative, I was able to learn alot, especially how MM's work. Without your postings I would be much less informed. You should respond to all newbie questions. They help us by reducing the float and word of mouth. They are the grass roots. We need them.
Again thanks,
The_Pro
Thank you for the very candid and on the mark post.
Part of DD is to ensure everything is on the up and up.
Back To The Business Front
Per INO.com technical analysis:
UNITED STATES OIL AN (NASDAQ:USOG)
Strong Downtrend
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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 Above 5 Hour Moving Average
-15 New 3 Day Low on Thursday
-20 Last Price Below 20 Day Moving Average
-25 New 3 Week Low, Week Ending July 10th
-30 New 3 Month Low in July
-90 Total Score
Just posting what INO.com has said.
BruceG, I got your PM loud and clear.
Thanks for the PeopleMark. For credibility, people will eventually see that I'm very credible. That's why I dont PeopleMark myself.
Thanks
The_Pro
Yes, Grass Roots was compensated, I'll have to check out Valencia but it's probably true.
The reports looked OK - no fraud from what I remember.
Too Many NEAR EXPERT Opions say:
This stock has bottomed and a trend reversal is in place.
The near expert opinions are:
•Bigtoe1963
•Ack065
•Drax
Previous strong coverers and Expert opinions:
•Grass Roots analysts
•The Valencia Research Group
Follow them. They are watching the all tell tale MM's, the volume etc. They are constantly in touch with USOG Investor relations and CEO (Master) Alex Tawse.
You can't get the timing of a stock right, only the value to any extent (Warren Buffet). You also want to buy a stock when it is a dog, not when it is flying high. Get a stock that has value and is at it's low. Then buy it. USOG.
Amazing, But
Stockta.com shows the following analysis:
Recent CandleStick Analysis
Very Bearish
Date Candle
Jul-02-2010 DOJI
Jul-01-2010 Hammer
Jun-30-2010 Bullish Engulfing
Jun-29-2010 Hammer
Jun-28-2010 Hammer
Open Gaps
Direction Date range
It showed a bearish yesterday with a gap and a green close.
Trading Stopped?
Looks like it.
Anyway a nice gap of .0004 first minute or two at open.
Volume was also heavy. Gaps are a very bullish sign.
Just a Recap
Recent CandleStick Analysis
Very Bullish
Date Candle
Jun-30-2010 Bullish Engulfing
Jun-29-2010 Homing Pigeon
Jun-28-2010 Hammer
Jun-24-2010 Bearish Engulfing
The MACD stands at a plus .00007 indicating a trend reversal.
The RSI stands at 29.54 indicating an oversold state.
Ok. Message #6577 withdrawn. For now.
Here's A More PRO Link:
http://www.otcmarkets.com/marketactivity/corpActions.jsp?index=11
Look at the June 25, date.
Opinion: No Financials on August 14th, or ever.
Just a well thought out opinion.
Pink Sheets OTC gives no tier to APRO.
As of Friday June 25, 2010 APRO was listed no Tier rating by Pink Sheets OTC.
Indicates companies that are not able or willing to provide disclosure to the public markets - either to a regulator, an exchange or Pink Sheets. Companies in this category do not make Current Information available via Pink Sheets News Service, or if they do, the available information is older than six months. This category includes defunct companies that have ceased operations as well as 'dark' companies with questionable management and market disclosure practices. Publicly traded companies that are not willing to provide information to investors should be treated with suspicion and their securities should be considered highly risky.
Since 5/24/10 inclusive to 6/24/10 inclusive there have been 23 trading days.
6 were green
2 were black (neutral)
15 were red
It's a 15/6 or 2.5/1 odds USOG closes lower today.
ACK do a valuation based on USOG's 2010Q's net earnings.
Off the top of my head, round figures
Net earnings ($180,000.00)•4 (4 qtrs) / outstanding shares (1,000,000,000) = $.00072 EPS
Valuation 10 to 15 times or $.0072pps to $.0108pps.
Of course 2x earnings for 2010Q2 gives us your $.02pps.
That's .02 to .025. Your feed came in with the decimal in the wrong spot.
SEC Regulation SHO:
"Close-out" Requirement: Regulation SHO imposes additional delivery requirements on broker-dealers for securities in which there are a relatively substantial number of extended delivery failures at a registered clearing agency7 ("threshold securities"). For instance, with limited exception, Regulation SHO requires brokers and dealers that are participants of a registered clearing agency8 to take action to "close-out" failure-to-deliver positions ("open fails") in threshold securities that have persisted for 13 consecutive settlement days.9 Closing out requires the broker or dealer to purchase securities of like kind and quantity. Until the position is closed out, the broker or dealer and any broker or dealer for which it clears transactions (for example, an introducing broker)10 may not effect further short sales in that threshold security without borrowing or entering into a bona fide agreement to borrow the security (known as the "pre-borrowing" requirement).
http://www.sec.gov/spotlight/keyregshoissues.htm
For 6/17/2010 there were:
3,639,432 naked shorts out of a total volume of 6,814,132 for a large 53.4% of all stocks sold that weren't spoken for (owned or borrowed). That's a reason for a slippen and a sliding of USOG's pps.
These naked shorts have to be checked for compliance or forced to close out (buy to close). USOG's price would go up fast.
Clarification
To show a loss, on a sale of a stock, you must show the cost to you or the purchase price. It is done on form Schedule D, "Capital Gains and Losses". Commission is added to the purchase price but subtracted from the sales price.
Here's some starter tips:
1. Here's a link to some great brokers:
http://www.otcpicks.com/2016-Penny-Stock-Brokers-10-You-May-Want-to-Look-At.htm
Some are better than others for pennies, ask their commission for pennies. I use Scottrade but ThinkorSwim allows more tools for pennies such as selling short. Any order type will be filled by them.
2. Buying stock from USOG is not a direct option. They won't retail new stock to you. There are other implied ways to buy stock such as convertible notes, warrants or preferred stock (if it exsists). Your only shot is thru a broker.
3. Float is: Outstanding shares - Restricted shares = Public shares (the float).
4. You pay no tax on a stock until you sell it. Hold it for 1 year and it's a long term capital gain taxed at 15%. Less than 1 year and it's your full tax rate.
a) also only sales of stock are reported to the IRS, not your purchases.
5. Use Investopedia.com as a great tutorial.
Make USOG A Privately Held Corp.
Buy up ALL the float. That's all that needs to be done.
Float Was 371,706,055 shares
per 1Q2010 report.
It is now 371,706,055 - 600,000 (the amount I own) = 371,106,055 FACT.
I own restricted usog stock.
Self imposed restricted that is, because they are not available for sale.
Here's what I own:
USOG 600000 0.0034 2,040.00 -0.0002 -5.56 -120.00
Hey ack0605:
what we need is a top notch promoter that is on OUR side.
One such promoter is Cashflowstock.com. They except NO money from their underlying companies but instead invest just like you and I. They pull in the float (gobble it up) to force the pps up. They also have PAID subscribers (the followers) so they have to get it right.
This stock is undervalued and is a gem (Cashflowstocks loves gems). If they got ahold of this stock they could make things happen (like explode).
A powerful wherewithal has to come on board to suck up the float, big time. You get somebody powerfull on your side and it's amazing how the doors open.
Here's A Trend Analysis By INO.com
ALLEGIANT PROFESSIONAL BUSINES (NASDAQ:APRO)
Uptrend
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term uptrend Uptrend with tight money management stops.
Based on a pre-defined weighted trend formula for chart analysis, APRO 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 Thursday
+20 Last Price Above 20 Day Moving Average
-25 New 3 Week Low, Week Ending May 15th
+30 New 3 Month High in May
+75 Total Score
Cashflowstocks claims NO compensation by APRO. They strictly work for their investor subscribers (they birddog for their paid subscribers). I believe they are self invested and have the same interests as their paid subscribers.
Here's a link to their twitter site ( covering APRO):
http://mobile.twitter.com/cashflowstock
Cashflowstocks is covering APRO
Here's an email on APRO they sent:
http://twitter.com/cashflowstock
http://cashflowstock.blogspot.com/
http://www.facebook.com/cashflowstock#!/?ref=home
15.300+ Followers 2600+ Followers
Greetings!
APRO ready to explode!
http://www.allprobiz.com/
Outstanding shares: 86.000.000
Float: 36.000.000
Our next pick is going to be APRO. This gem is expecting huge news in August saying their Gross Billings are going to Exceed $144 Million. They've already pr'd it, and the numbers are coming out in August. Here's the pr:
http://finance.yahoo.com/news/APRO-Predicts-Gross-Billings-prnews-3435313783.html?x=0&.v=1
PR Newswire(Mon, May 3)
A lot of reasons to add this to your portfolio:
- Good chances to see a 7-figure (1 million +) net earnings reported (at 86M O/S; 36M float)
- Current financials to be out any time
- Intention to up-list shortly after as per PR
- Contracts and strategic acquisitions to solidify "extensive growth in 2010"
- up to $300m in payroll revenues already under contract (was at $30m in 2008)
- Close to STTN: Same management, business and corporate locations...just a spread of 4000% in valuation
- APRO is NOT the "little brother" of STTN. APRO got into STTN as part of a "Marketing Partner Agreement". APRO affiliate (Bonar) now holds controlling ownership (65% of the O/S in STTN)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48814660
- active share-buyback program (up to 15M bound to volume - the more volume the more firm can buy back)
- no dilution since the firm restructured as APRO in 2008 (TA ungagged)
- APRO Management holds 46% of O/S
- Stated intention to grow internationally
- Several revenue streams: APRO earns management fees for taking over various HR functions plus sells insurance products and financial services to its growing employee base
- Industry accelerating rapidly due to cost-cutting potential for small and medium sized firms who benefit from outsourcing the time-consuming administration. A business that simply makes sense for a lot of customers.
STTN has the Same management, business and corporate locations and is trading at 0.29 as we write!!! STTN came from the same levels as APRO, and we're expecting APRO to make the same move!!!!
This company is growing fast they've had revenue of 16 million in 2008, just check out their website http://www.allprobiz.com/ and you'll see how professional these guys are! to give you an idea we will reflect the developments they've made below:
Allegiant Professional Business Services Inc. Begins Implementation of Advanced HR and Payroll System Nears Completion
PR Newswire(Mon, May 3)
Allegiant Professional Business Services, Inc. Signs Deals for Wide Variety of Workers' Comp Coverage
PR Newswire(Wed, Apr 14)
ALLEGIANT PROFESSIONAL BUSINESS SERVICES, INC. Financials
EDGAR Online Financials(Sat, Dec 19)
Allegiant Professional Business Services Inc. Signs Strategic Partner Agreement Estimated to Generate Approximately $200 Million
PR Newswire(Wed, Dec 16)
(OTC: APRO) Payroll Funds to Increase by $200 Million
PR Newswire(Wed, Dec 17)
We think APRO is going to make a move for up-listing!!!
This stock has had a run to $0.05+ before, and it has been quiet for a while now. We think the next run up will be in June and July, in anticipation of the financials that will come out in August. We think APRO has the potential to go $0.10+ and with a float of 36 million that will not be very hard to accomplish. Get as many as you can before the crowd jumps in, the stock is super thin.
We will be giving extensive info on APRO through our regular communication using our E-mail, Twitter and Face book. Get in before the crowd and profit all the way up to $0.10+.
We wish you all a profitable trading session,
Best regards,
Cashflowstock team
15.300+ Followers 2600+ Followers
Forward email
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Clarification on Support and Resistance
When I ran the support and resistance from the upper and lower Bollinger bands IT does NOT take into account MM manipulation. I strictly took the high point reading and the low point reading. With manipulation it will not hold.
Support and Resistance therefore are at the hands of the MM's. That is until the traders come in with high volume.
That should read down -.0008 instead of -.008.
BigToe1963 how sure are you?
On a scale of 1 to 10. 10 being the surest.
I'd like to load up. That's why I ask.
There are alot of top notch/ savvy investors covering this stock/board such as you and ack0605. Without the two of you, I wouldn't know what to do. Keep up the GREAT work, IHUB/ USOG investors need you guys.
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.