Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
furtcash. I vent too much resulting in bans and getting placed in jail. Why pay for a service that does not allow my 1st ammendment rights ? Not for me.
Incidentally, my price target is .10 cents prior to the LOI deal being announced. Now I will revaluate my price target when the deal closes. If the deal closes. One can view the recent dilution as a positive sign that one or more of the LOI's will close because they need the money to get things rolling with deposits, down payments, etc.
If the East Texas LOI closes and we have staff, equipment and assets, the company should command minimum 70M market cap from this deal alone. We have two more LOI's to close, more wells coming online at Grimes, and we own 50% of WW O&G and 27% of Tyche. So, I sell at .20 cents. I get .20 cents for all 14 million shares. It may take me 6 months to sell my entire position but I get .20 cents for each and every share I own. When you play the day trading game, flip flop fiz fiz game, you get wrapped up in the stress of that day. This can make one sell for less than the set target because you want to close your position, get in something else, try and buy back shares cheaper etc. Too much stress for me. Not a good way to manage 350K invested, not a good way to treat fellow shareholders, not a good way to support the share price.
pennimom true long ? and you flipped at .07....true longs don't flip for more shares. They hold providing support. That's what I've been doing obviously to your advantage. True longs ride the waves and sell only when profits have been acheived, not in some spike on news. I take profits when my profit limit has been reached after a full consolidation has taken place. I don't sell into runups to buy more shares, that's not greed nor stupidity, just the way I like to play stocks. When I sell I make sure I can get my price. I don't sell when I hope to get my price because all that will do is trash the stock. Selling on waves of volume and unsupported spikes just sets the PPS back further in the long run. Like you said start playing this stock as a momo play. I'm playing this stock as a long term investment in a stock that could turn 350K into 3.5M. Whether it takes 3 months or three years, I don't sell until my target is reached and reached on consolidation. Meaning when I sell I don't trash the price and I don't sell into waves of volume or price spikes. Call me stupid, I guess that;s how my net worth is over 12 million.
eatmenasdaq - I'm not going to argue or challenge you. All I can say is I do own 14 million shares. If you don't beleive me or think I'm a liar than so be it. There is nothing I can do but short of giving you my id and password on Ameritrade to have you verify for yourself that I'm on the up and up.
I'm pissed with this action. Going into the teens again is simply embarrassing to be a holder of this stock. I have never in all my years of investing seen a stock display no evident levels of support like BIGN has. Any rise in price is met with walls of shares where are they coming from ? Why can't 20 million share volume days absorb them ? We know what the O/S is but this stock acts like it has a billion shares in the O/S, it does not act like it has 315 million shares. With the average daily volume we have here the price should stabalize and start to trend up, not go down. I just cannot figure it out. Third time in 8 months we test the teens on a chart that looks sick, RSI at 33 ? 33 ? This is ridiculous. I have never seen a stock sit for multiple days trending down with an RSI under 40. Something must give. Either it's manipulation, share selling from the company, PP shares coming available for sale, whatever it is it doesn't want to stop or go away to allow this stock to move up and stay up.
Again, why do you blame me when the stock goes down ? My posts have an affect on the action ? MM's come here and read the board and say this arch_oil guy is at it again, lets sell. Sre you for real ? You own how many shares ? You have how much money tied up in this pink sheet penny stock ? You are saying these ridiculous things because I post "the horror, the horror", silly little meaningless posts that are not bashing just plain frustration.
If you are worried about posts affecting people buying or selling why don't you have a word with furtcash. He posted here Sunday night that Oephlia is not done or hooked into the meter site and he must go himself to verify this because we cannot trust the timelines put out in press releases. Now that is a post I would think would hurt the buying pressure and influence people to start selling. In fact, when I read it I freaked out because this was a person of some credibility with the board who has made visits to the site and he's saying he would be surprised not to still see a workover rig sitting ontop of Oephila and he knows for sure it's not hooked into the meter site. I called Boyd on Monday and Boyd said this guy is full of crap that the well was down for awhile for water maintenace but now it's up and producing gas is being sold.
third time we hace tested teens before bouncing back. I just hope it bounces this time. Usually they don't bounce when testing lows for the third time. Very discouraging.
are we going sub-penny ? someone is dumping and it's not good
eatme are u dumping ?
down 16% now bid .017 ask .0185 soemthing does not smell right here
the horror...the horror...the horror
16 green days since June 5th. Is this true ?
down 7% today, 10% yesterday, 7% Friday. When will this bleeding stop ? I'm convinced the selling is coming from the company. It must be who else would be this stipid to see at these prices 52wek low when so much news is expected.
back up to .02 now .02 X .0205
big just came down to .0185 ask .02 what is going on ?
it's over. stick a fork in this PIG. we see teens today. Is that you eatmenasdaq selling ? somebody is dumping 100K blocks into the bid at .02 like crazy somebody obviously wants out and wants out bad enough to sell at .02
If we test teens again no doubt we go sub-penny this time around. Our time was due to be a legitimate pink sheet crap stock trading under .01
last time I asked Boyd it was 305 million. Why won't they dislcose the O/S now ? You know they sold some shares for the Success down payment and probably sold some for the LOI's and sold some for operating costs but they can't hold this information back. What are they hiding ? Did you call Boyd and ask him what the O/S is recently ? I will tommorrow. Even if we are maxed to 400M shares, Boyd should tell you, there should not be anything to hide here. It would explain why the price has been stagnating like rotton flesh crawling with maggits. But sooner or later there will be no more shares left to sell and the pressure stops. 95 million shares at .025 average price over the past 90 days equals 2.37M minus the brokerage fees. Maybe this is what is going on ? Any thoughts here, cmon' wake up people...this board is not what it used to be. Geezzz...call IR complain...demand an explanation. It's your money they are using to pay Lancasters medical insurance while he sits in bed....
justfl...now do u understand why my smart friends wait for BIGN to break the trend line before they buy ? Just because you buy at .022 does not mean your getting a good price especially when in two weeks time this stock could very well go sub-penny on the LOI being delayed or the deal falling through. If the stock breaks .04 their is a good chance, better than a good chance in fact it will continue to trend higher without a selloff. It could break .10 before the first wave of selling hits. The way it looks now I think we stagnate and test support levels until the news hits, if positive, we gap up then selloff again into flip flopper territory staying at this dismal .015 to .035 trading range. Sure the flip floppers get rich but the true longs will soon grow impatient and dump this POS and move on. When that happens I would not want to be holding the stock. eatmenasdaq and myself dump, that's 20 million shares flooding the float. It will go under .0009 and stay there for quite some time before those shares are reabsorbed by strong hands. Go ahead laugh at my friends who wait to buy 8 million shares once it hits .04 They know what they are doing and when they buy, if they buy, the stock will go up. Until then we just stagnate here in this crappy range. I'm hoping for the best here folks but things do not look good for the price to climb significantly here. Even if the LOI closes, we'll be sitting at such a low level in price the flipp floppers and day traders will kill any run before we rise to double digits. It's really a freaking shame. Have a good company here and the price just can't catch a break.
from a TA perspective BIGN looks like it's in trouble. A lower close tomm will verify the trend. I hate to say this but if we close red tomm. the trend is down folks and I really cannot explain why this stock continues to disapoint with so much speculative news on the near horizon. I'm long but with indicators sitting in oversold territory and the stock still trending lower means a few things. Shares are being sold from somewhere, my guess is the PP shares at .02 are being either dumped or shorted. The behavior of this stock since January can be classfied as a heart attack victim in a coma. The only higher bullish trend we had was in May when the LOI news hit, but that was quickly flushed down the toilet by the flippers and day traders. I think we have support in the .02 area but that can quickly disappear with mild selling and a few waves of panic could retest the next support area of .014 This just basically sucks. I fully expected BIGN to be in a bullish uptrend by now far above .03 nearing .04 on it's way to test new highs leading into the expected news. I just cannot figure this stock out and determine where all the selling is coming from. I think when people like furtcash post crap like he did yesterday about Opehlia not being finsihed or hooked into the meter site, newbies begin to sell in a panic. This sets the stage for the action all day. Even though I doubt message board posts have an affect on a stocks behavior I'm starting to think this stock does. I fully expected BIGN to close above .03 today and this just sucks.
crappy choppy action again today. I wonder when these private plaement shares will stop being sold because it's killing the PPS.
once wells 3-4 done, BIGN has 3M in annual revs. Not bad. I spoke to Boyd again and asked him what he thought the East Texas LOI would do for the company. He said he wishes he owned the amount of shares I have, no shat. I said you really think the stock will go up that much and he said management is doing things to make sure it goes up.
furtcash here is the post where you say Opehila is not hooked up !!!! Explain
Arch...at this point as before,I still need to see with my own two eyes what is in fact ocurring.And once again I will take pictures.
The slotting of Ophelia#1 took ten days.That ocurred over the last two weeks in March 2006.
I was there for 7 of those ten days.I don't believe anyone who says they can slot a well in 3 days!
Ophelia #1 is, as we speak, still not 100% complete.I challenge anyone to show me a picture proving otherwise.Or a picture of it connected to the flow meter.
Believe me when I say I hope to be pleasantly surprised.It would be great to see no workover rig on Ophelia#1,and it tied into the existing flow meter.
Greater still to see two more wells being flow tested and prepared for initial hookup to the gathering system.
futrcash
better yet...I'm going to get Lancaster on the line and then conference you in furtcash. I will provide dial up info tomm. We will get to the bottom here. This is scary because it's coming from the one person on this board who has credibility/
I will call Boyd Moday and ask him about Opehila. What makes you so sure it's not producing any gas thru the PG*E tie in ? What do the logs say ? I know it was down for awhile due to the water problem but the company said all correcteed. Now if the company is putting out lies in press rlses this is serious business here. Seroius enought for a 14M share holder to start dumping shares.
furtcash you are scaring me. How sure are you this is not true ? They said May 8th it was hooked up. Explain.
Biogenerics Limited Announces 2nd Grimes Well is Online
Monday May 8, 4:05 pm ET
TYLER, Texas, May 8, 2006 (PRIMEZONE) -- Biogenerics, Limited (Other OTC:BIGN.PK - News) is pleased to announce that Ophelia 1 is the second of four gas wells to go online from its Grimes property in California. After its initial serge, production reports indicate that, after three weeks in operation, current flow rates for Ophelia 1 have stabilized at 1,450 mcfd.
ADVERTISEMENT
Ophelia 1's initial yields represent a significant success for Biogenerics and their strategic alliance partner, Hydroslotter Corporation, in returning the Grimes region productive prominence. Numerous wells in the Grimes region were shut in nearly two decades ago with production from Ophelia 1 ceasing in 1989.
Biogenerics Announces Update on Hydroslotter's California Project
Tuesday March 28, 10:00 am ET
TORONTO, March 28, 2006 (PRIMEZONE) -- Biogenerics Limited's (Other OTC:BIGN.PK - News) strategic alliance partner, Hydroslotter Corporation, is pleased to announce that it has completed its preliminary valuation of the initial Grimes well, which revealed a commercially viable source of natural gas. Accordingly, Hydroslotter Corporation is endeavoring to link the Grimes source to commercial pipelines by April 1st, 2006. Please be advised that the flow rates for the initial Grimes well will be announced shortly hereafter.
furtcash are u saying oPHELIA is not hooked up to the meter site yet either ? They put out a PR saying they were going to accompish this long ago. You mean to say all this time at 1450mcfd and we have not sold any gas ? Why are you posting this kind of stuff here. If it's true it's very bad. I guess we can kiss any rally started on Friday goodbye now because of these doubts and this news about Opehlia not being hooked into the line.
furtcash lets just be freinds. I was right about the 4 months though right ? and as far as the meter reading that could of happened to anyone.. I explained what happened there. Obviosuly he was wrong or in the wrong place at the wrong time. I judt do not understand why it takes 10 days to pour checmicals into a hole and wait for a reaction to occur. Boyd said two days to slot. You are saying 10. You also said last week you got an email that slotting was delayed and not to come to the site. Two days later we get the PR saying well #3 is being slotted as we speak. You are now doubting the company and saying they could no be truthful here and need to check for yourself. That's fine. I appreciate your time, go check it out but I have to go with the company this time around. Boyd did not have good things to say about what you were posting on IHUB I'll tell you that and the next day we got the PR clarifying things. Maybe they told you it was delayed because they don't want you there ? Ever think about it from that angle. Too much bad info is being posted here on IHUB and even though you signed a non-disclosure agreement they obviously don't trust you now.
justfl...I hope you make money with your 300K share block. What a joke but I guess we all have to start somewhere. You should have put your 6K into a wachovia account earning 2% interest. Oh but let me guess this is your stategy
holding 300K at .021
sell at .031
buy back at .027
sell at .034
buy back at .031
sell at .035
buy back at .03
sell at .036
buy back at .032 and so on and so on and so on. Better buy a bottle of Mylanta while your at it and quit your fulltime job so you can watch this every second of the day...
My strategy. Buy 14M at .03
Sell 5M at .12 Pocket 450,000 grand in profit. Let the rest 9M shares ride free money. I don't have time for flip flop fiz fiz oh what a releif it is.....day trading wannebes I just cannot figure you people out but whatever works for you...god bless you and good luck
10 DAYS TO SLOT OPEHIELA ? are you on drugs furtcash. Maybe 10 days to perform the rig setup, siesmics but the actual slotting took 10 days ? This does not seem right. Then is reality if this is true we can only slot 1 well per month. Boyd said the slotting process takes two days. Who's on the up and up here. I don't know.
furtcash....when I talked to Boyd he said a PR would be out explaining the situation. Next day it was out. He said the wells would be completed within two weeks but it only takes 2 days to slot a well. The PR said well 3 was in progress didn't it ?? so when you go next week what do you expect to find ? Nothing will be there because it should be done this week at the latest. No ? I'm confused here. Why are you even going ?
May 9th PR
"The Hydroslotting process to complete well No. 3 is in progress. Biogenerics has been informed that the crew will then proceed immediately to well No. 4 and initial results from the wells are expected in approximately 2 weeks."
I would initial results won't elaborate on flow rates since they need 3-4 weeks to stabalize. We will probably get what we had last time "a commercially viable source of NG is found" and I expect "rates are consistent with that found on Opehila".
Good thing here we will have a detailed PR of ALL wells as stated in the May 9th PR. This should include Charring Cross, Andreoitti, Opehila and wells 3 & 4.
justfl...I have two freinds who are considering buying 4 million shares each next week. They will buy only when the stock breaks .04 cents. You say why don't they buy at .022 and get twice as many shares ? They are not stupid investors that's why. Buying at .04 or buying at .02 really is triviol when ultimately the stock is going to .20
If the stock breaks .04 again a buy point is marked. They are long term investors. Not flip flopping day trading wannabees. This is how you lose your money. Buy and sell, buy and sell, sooner or later you chase, miss the run, instead of making 7 cents you make 2 cents because of all the flip flopping. YTou think your helping your case by doing this ? You hurt everyone by doing this. Just buy and hold. You'll be much happier. At one point, I was down 58% on BIGN. I'm still down 23% on my 14 million. Think outside the box for once man.
justfl I lost 2M in profits ? I'm not a flipper. I don't day trade and say wow if I would have sold at .07 in May I could have sold for 980K now my account is worth 308K. First, owning the amount of shares I own I simply cannot just sell. It takes time. Second, I don't look at it with a day trading or flip flopping mentality. I know it's worth .10 right now so why should I settle for anything less than .10 for all my shares ? Thinking the way you think no wonder why your going nuts. I used to think that way back in 2000 when the internet sector was going nuts. No more. I learned to just be pateint, set your sell target and stick to it. When BIGN goes to .10 I may not even sell any then because if the Texas LOI closes we're worth .20 then. So why sell for anything less than .20 ? You doubt my holdings. I really don't care. You own 300,000 shares. Good for you. That's 6K. Great. When I buy a stock, I buy mimimum 250K worth. 250,000 dollars worth. I have 80,0000 shares of FTO bud. Started with 20,000 last April. Got all the shares from splits.
I just had to kiss arse up to Matt a little for using bad language here. Do you still own BIGN ? justfl is going psycho now. Maybe he should start taking a Welbutrin/Zoloft cocktail with 1mg Xanax right before the market open on Monday. I think he sold and now regrets it heavily because I suspect BIGN will close over .03 on Monday due to the mini late day rally we had at 3:45
I feel more confident than ever now with BIGN. I know Boyd can be useless at times but if you ask the right questions you can pull the info out of him. It's funny, he knows whats going to happen and you can hear him getting nervous when he evades questions. Then you say well if it were to go like this and he agrees and the nervousness stops because he is not making a statement merely agreeing with your opinion but really he is making the statement, guy is too funny sometimes.
BIGN closes deal, reverse merges with Tyche and our new company name "ARCHIVE OIL & GAS", followed by an immediate OTC BB listing, audited financials, reverse split and next thing we know we're trading on the NASDAQ at $17 bucks by next summer. I'm not dreaming folks...anything can happen here.
but when buying comes back with 90% of the float locked up tight watch out !!!! If everyone on this board truely realizes the asset value of their shares and holds them tight, the momo players, day traders, newbies will get squashed out by new strong investor hands. That is what BIGN needs now. We need the remaining float to be absorbed by strong hands and the existing float locked up tight. I know here on IHUB alone we account for at least 40 million shares. If everyone holds the down vs. up days will reverse and we will have 10 up days and 1 down day going forward. First we need explosive volume and recurring significant news along with people like me holding 14 million shares sitting back watching his account grow $300,000 in one day when BIGN is up .03 cents. Then imagine when BIGN is up .08 cents in one day ? or .30 cents in one day. Do you think I'm going to sell anything when my account is up $3 Million is one freaking day ?? The writing is on the wall with this stock. East Texas LOI closes all options we could easily see .40-.60 cents by Christmas. It's goin gto be fun to watch the trade sizes dwindle down to 5K, 14K, 18K when were over .15 cents. When trade sizes go down that is the sign that the float is gone !!!!
Today at 3:30 was a breif taste of what is going to happen here in the next 60 days. We moved up from .022 to .025 on 300K in a few minutes. The writing is on the wall. Imagine what's going to happen when we trade 60 million in one day when BIGN is spammed all over the Yahoo and RB message boards soon.
rich1225 - disapointing yes. However I am not contributing to this sad action nor are alot of big holders here on IHUB. You can blame the newbies who get nervous and sell, flip floppers, day traders, and momo players, short selling market makers and hedge funds. Understand the dynamics of the market. When stock goes down people sell. When stock goes up people buy. Obviously BIGN has had a ratio of 10 down days vs. 1 up day since May so what do you think is going to happen to the price ? The reason for the decline is not based on company fundamentals. The decline is based on supply and demand. No demand, plenty of supply. Supply is fueled by the idiots I mentioned above. The trading float is gone but until buyers come back the stock will continue to behave irrationally. Even with 90 percent of the float held by strong hands the price can still be manipulated down 50% by the market makers when no buyers exist. We have no buyers, we have no awareness. It's not our fault. We need exposure to fuel buying on a continued pattern. Until this happens BIGN will falter even with 90% of the float locked up tight.
American bulls has a BUY-IF rating on the stock now. A reversal has been in the making for awhile now but no confirmation has been obtained. Today we have a gravestone doji in place and if Monday and Tuesday confirm, they will issue a BUY rating on BIGN. Candlesticks are very accurate IMO.
http://www.candlesticker.com/Cs34.asp
we know news is close...so close you can smell it. 8/31 is only 14 trading days away starting Monday. BIGN needs a kick in the butt, a catlayst of some sort to get the momentum rolling. However, if you think we'll just stay is this dull trading pattern as we get closer to the target date you are mistaken. Speculation will fuel buying. Buying will fuel volume. Volume will fuel price increase. How high ? I don't know but I expect it to bounce back over .03 at least prior to the news arriving. Just imagine the lucky ones who get to buy this at .03 when the East Texas LOI is announced. I've been holding this for almost a year, my buy point is around .03 This makes me angry that others can buy it at the same price and do not have to wait a long time to ride the bull. I know when the East Texas LOI is announced and it's favorable we go to .10 No doubt. .10 easy...maybe .20
I think the recent pressure was coming from the company selling shares to come up with the Success Oil down payment. I figure they must have sold 3-5M shares since last week. The selling appears to have stopped for now. We'll see next week. The dynamics of this stock are weird. Not too many people know about this stock so buyers are not here. I bet most of the buyers are coming from IHUB and IHUB word of mouth. BIGN needs to get on the radar and attract new investors. The name is killing us "biogenerics". I know it will happen though and it will all come toegther very soon within the next 10 trading sessions things are going to get very exciting around here.
We will start trading higher volume next week. Should look like this. This is the kind of volume we need to move higher. It will come just be patient. Let the flippers and daytraders fight for shares, I for one am not selling anything. I've been here too long to sell for scraps.
2-Jun-06 0.04 0.04 0.04 0.04 8,409,400 0.04
1-Jun-06 0.06 0.06 0.04 0.05 11,025,300 0.05
31-May-06 0.06 0.06 0.05 0.05 14,935,900 0.05
30-May-06 0.07 0.07 0.06 0.06 18,311,400 0.06
26-May-06 0.05 0.06 0.05 0.06 23,805,500 0.06
25-May-06 0.05 0.05 0.04 0.05 16,216,100 0.05
24-May-06 0.05 0.05 0.04 0.05 22,448,900 0.05
23-May-06 0.03 0.04 0.03 0.04 26,577,400 0.04
22-May-06 0.04 0.04 0.03 0.03 11,763,700 0.03
19-May-06 0.03 0.04 0.03 0.04 11,534,100 0.04
14 tradings left until August 31. Sooner or later the trend must start up. Grimes will be reported along with an update on the LOI. Too much going on to not be in this. I cannot beleive people have the opportunity to buy this at this level now knowing what is coming down the pipe. I was sure we'd be over .04 by now leading into this news. Shocking.
We are down on light volume since last Friday. This only means normal selling pressure while no buyers exist. Buyers will remerge very soon. Probably today.
also one more point. reading my last comment and I did a comparison.
"Overall it was a very positive conversation and I feel much better now about Lancaster and what he is doing here. The delays are explained in a stratgeic point of view and I understand now. Like everyone says a company cannot be built over night and after wells 3-4 are slotted this .02 cent stock will have over 3M in revenues. When the other six wells at Grimes are completed (probably within 6 months), BIGN will have another 5.4Min revenues to add to the 3M if they produce at 1000mcfd. 8.4M in revenues and we sit at .02 cents ?? Ridiculous consideration the market has given this little stock."
TGC an AMEX listed security has 7M in revenues and commands a 70M market cap. http://finance.yahoo.com/q/ks?s=TGC
It just goes to show you how UNDERVALUED we are right now. With 3M in revenues after wells 3-4 are done we should command minimum 30M market cap. That's .10 cents per share.