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HLXW .22 break will get the mojo on for this one. Huge upside potential w/this one. The next ZANE? I'm hoping....
HLXW .22 break and run on tap for today, IMO.
HLXW .20 break! HLXW should start to move faster on this break. Looks like the overhead seller has dried up. It's sure moving a lot easier now that it has the last few times.
Sure looks that way! Steady stream of buys coming into HLXW this morning. Finally looks ready for a big push back up.
HLXW .18 break confirms bottom reversal. Real nice pincher too. This one is primed for a huge run back up IMO.
I am comfortable with my position in HLXW. These .18 level shares won't last long IMO.
Added some HLXW @ .18.
GLRP dropping like a rock now. All these boneheads had to do is file an appeal with NASDAQ to keep their listing and this would probably have held it's gain (like ZANE did).....
I think it's too late for that. Todays PR states that they have already withdrawn their appeal and will be delisted (to the OTCBB) at the opening bell on Monday.
I'm not sure many traders will hold this one over the weekend considering it's getting delisted tonight. Will be interesting to see which way it goes into the close. I would not be surprised to see this close just under $1.
HLXW breaks .24 here and she is off to the races. This is still on the Reg Sho list. Short squeeze should happen today or early next week (depending on volume). This one is going to be fun to watch, IMO!
I think that todays news + pps move is too late for GLRP to stay on the Nasdaq exchange (since they dropped their appeal). I think they open on Monday on the pinks. Something tells me that part of the news will affect how much higher GLRP runs today (or maybe not). Watching also.
Interesting. From GLRP's funding news PR out today, they are scheduled to move off Nasdaq to the pinks on Monday due to non-compliance with a $1 pps.
Glen Rose Petroleum Corporation Receives $4,350,000 Funding to Develop Wardlaw Leases
Friday, March 05 2010 - 8:01
GLRP $0.2551 $0.0151 (%6.29)
BR>
Further, the Company has hired Ruben Alba to be its Chief Operating Officer starting March 15, 2010. Mr. Alba received his Chemical Engineering Degree from New Mexico State University. His career in the oil and gas industry has spanned over 13 years with Halliburton Energy Services and Superior Well Services. He holds two patents in unique completion technologies and is adept to the challenges of unconventional reservoirs. Mr. Alba brings an intelligent, energetic and unique approach to complex reservoir problems involving geochemistry, geomechanics, surface logistics and environmental concerns. During his career he has successfully managed safe and profitable operations groups. Mr. Alba has introduced new and novel technologies involving new fluid chemistry as well as completion processes to reservoirs requiring cutting edge technology. His most recent experience has been the management of technical and laboratory staff in both Halliburton Energy Services and Superior Well Service.
Andrew Taylor-Kimmins said, "With the team and the finance now in-place we intend to immediately commence the re-work of up to 57 well bores already drilled on the Wardlaw Field with an initial target of increasing production north of 200 barrels of oil per day."
As previously announced in January, the Company received a delisting notice from The NASDAQ Stock Market LLC ("NASDAQ") due to the Company's non-compliance with NASDAQ's $1.00 per share bid price requirement. In response, the Company requested a hearing before a NASDAQ Listing Qualifications Panel to appeal the Staff's delisting determination. On March 4, 2010, the Company advised NASDAQ that it is withdrawing its appeal and request for continued listing. Accordingly, NASDAQ will suspend trading of the Company's securities effective with the open of business on Monday, March 8, 2010.
Following the suspension of trading on NASDAQ, the Company expects that its common stock will be quoted on the OTC Bulletin Board (the "OTCBB"), which is operated by FINRA. In that regard, the Company has been advised by a market maker that it has filed the necessary application with FINRA to quote the Company's securities on the OTCBB. It is expected that the application will be cleared by FINRA so as to facilitate trading on the OTCBB beginning on Monday, March 8, 2010. In the event, the application is not cleared by FINRA in time for trading on Monday, the Company's securities will be eligible for quotation and trading on The Pink Sheets.
Andrew Taylor-Kimmins said, "while we are excited about the prospects for the business going forward, particularly now that we have completed our financing, our decision to leave NASDAQ is based on our view that, at this stage, the effort to maintain compliance with the NASDAQ listing standards would be an unnecessary distraction for management. We intend to continue to publicly file our periodic reports with the SEC and we will re-evaluate the need for a stock exchange listing as our business develops."
About Glen Rose Petroleum Corporation
Glen Rose Petroleum Corporation, formerly United Heritage Corporation, was founded in 1981 and is focused on the development of on-shore U.S. oil and gas assets. Glen Rose has four leases covering 10,500 acres in the Wardlaw Field located in Edwards County, TX. The oil is categorized as "medium crude," the deposits are in the light gravity range of heavy oil at 18-22 API gravity.
The Glen Rose Petroleum Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5339
www.glenrosepetroleum.com
About Iroquois Capital Opportunity Fund, L.P.
Iroquois Capital Opportunity Fund, L.P. ("ICO Fund") is a private equity fund focused on investments in the oil and gas industry. ICO Fund invests in low risk oil and gas assets and in technologies that increase production, improve recovery factor and reduce costs to apply these technologies to change the economics of the targeted assets. The fund is managed by a seasoned team that includes former senior national oil company executives, former senior oil service executives, oilfield technology venture capitalists and financiers experienced at structuring investments in the oil and gas industry.
www.icofund.com
About Nomad Energy, Inc.
Looking for .30 minimum on HLXW today. Once volume comes in, this is going to move fast.
HLXW should see a big bounce today. Selling has subsided. Extremely oversold here.
Joined you in HLXW with some @ .23 & .24. Tough fills!
NVLT starting to bounce here. .26 on deck!
Picked up some SCON here @ 3.18. Setting up for a big run IMO.
The NVLT deal with Purdue was @ .66 the end of last year, a huge premium over current pps of .23. NVLT will get back to .66 minimum IMO, with their current promising pipeline.
http://www.novelos.com/docs/Novelos%20PR%2011-12-09%20$9mil%20financing%20purdue%20close.pdf
http://www.accessmylibrary.com/article-1G1-194101942/novelos-mundipharma-sign-95m.html
ALL IN NVLT @ .225!
NVLT looks ready for a big bounce here. Down 90% last week due to failed FDA trail. They still have 2 drugs in the pipeline - Breast cancer and hepatitis C trials. Extremely oversold here. Looking for a bounce back to .40 minimum IMO.
Someone pass me the puke bucket. I never got back in YRCW after selling @ .43. Ughhhh!
I agree 100% hero. Selling NVLT here @ .25 is crazy. This is priced for BK.
From the CEO - "Meanwhile, we are scheduled to present new NOV-002 preclinical data at the AACR Annual Meeting in April 2010, and we are on track for results from a NOV-002 Phase 2 breast cancer trial in 3Q 2010. We are also on track to initiate a Phase 2 hepatitis C trial shortly, with our second compound NOV-205."
Very nice pickup IMO.
NVLT, where are the buyers? NVLT is ripe for a big bounce (low volume now) but noone seems interested in stepping up to buy...chalk it up to the Friday blues, I guess...
Nice scalp. Watching YRCW closely here for a pullback but right now it's getting pounded with buys and just broke .44, with ease. I said it before - I wouldn't be surprised to see YRCW head back over $1. Looks like the recent bond holders who took an equity stake in YRCW are holding their shares for higher levels. In this market, I had to lock in my profits even though I will be kicking myself in the coming weeks if YRCW gets back over $1.
YRCW hit my .43 target. I'm all out with a $1,300 profit. Good luck to everyone still in.
I'm liking the relatively low volume on NVLT @ the open (compared to the last couple of days). Looks like all the panic sellers are out. It shouldn't take much buying pressure to push this one back to .38+.
Langui re: "But here's the good news. Given the recent rebound in corporate profits the U.S. has already experienced, there is a very high chance that employment will get better over the coming twelve months. One can't stress enough the fact that employment is a lagging indicator:"
A very critical point to this equation is how Corporations are turning a profit. The majority of them are currently turning a profit by reducing overhead expense (reducing their compensation expense by laying off workers).
We will NOT see a positive effect on the employment #'s, until this formula includes Corporate profits being driven by a material increase in revenue (instead of expense reductions).
Just my 2 cents....
Confucious says - "Man who sleeps with itchy bum wakes up with stinky 'pinky'!" :)
LMAO. Mandatory Romneycare, in MA, resulted in a 29% increase in healthcare costs to citizens of that state with a proposed additional 10% in the works.
Mandatory healthcare = increase in demand = higher cost!
So, let me get this straight! Passing this bill will increase healthcare costs for everyone, resulting in less spending to boost the GDP and, as a result, our economy will recover??? Which Gov't Czar fed you this pile of bull, Mr. President?
By the way, when are you closing Guantanamo Bay, Mr President? Last I checked, it's still open past your 1 year promise.
Also, have you set a date yet for when ALL of the illegal immigrants will be granted citizenship (and be able to vote)?
What a crock!
Well, aren't you just a ray of sunshine. Aren't there any dogs in your neighborhood that you can go out and kick???
NVLT bouncing here. There can't be many sellers left down here under .30. NVLT is close to their all-time low. Up from here, IMO.
Loaded up NVLT in the .26's this morning.
Watching YRCW trade reminds me of the old Heinz ketchup commercials (anticipation). But just like the ketchup, when it starts coming out of the bottle there is no stopping it. Next push through .41 should be the big one for YRCW.
Nice push through .41 here on YRCW. This should be the new support level IMO.
I expected NVLT to bounce by now. Was tempted to pick up some close to .30 this morning but decided to pass. I hope it bounces for you.
Patience grasshopper! YRCW should be back over .41 shortly.
LOL, welcome back langui!
Nice scalp langlui. I am waiting for .43.