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.
On the bright side the 5000 shares of that other oil cleanup co that I got stuck with when they went gray are now worth $15.00 up from $5.00 a few days ago. Sure would like to see a gain like that in my MOPN investment.
tryin to buy at bid will you sell me 10k
And so did I LOL
just put in a buy at bid if it fills it will be 20% of the volume for the day if it does fill expect hell to freeze solid LOL
I thought it would drop faster with the low volume and big spread I am still holding off on buying back in.
This thing is on fire something big comming I can feel it LOL
It was on the Burlington VT. TV station this AM WCAX ch 3
I googled frad it seems to be some sort of comunications device or a utube video of a couple of hot girls can you elaborate on it's connection to MOP?
Volume is dropping off and the price is crawling lower I think we go back to the high teens. Seems to be a pretty solid co. for a pink sheet. The long term could be bright and if one can get the cost to near 0 by flipping it a few times the reward to risk factor is favorable. LOL
I am now out of gnolf as of yesterday set my sell a little to low missed hod but still cleared a nice profit, may try to reload around .16 if it gets that low. LLEG is making some moves I missed my flip last time around hope to be a little quicker on the trigger this time. Thanks for the bits and pieces of charting knowledge I am reading and studying some, I have always done reasonably well going by gut instinct but is nice when the charts back up the feeling in my gut.
Do you have any thoughts on what it will take to move MOPN a couple of pennies?
Looks like you could get in again under .30 or maybe lower. I flipped my shares yesterday for a nice profit thinking about reloading if we go below .20.
Post 356 is the best answer I have seen to your question.
welcome aboard
This may be off topic but it really does not fit anywhere else. As I have indicated in past posts I own shares of GNOLF as well as MOPN. It seems that they both are suddenly poised to do business in the middle east. Just wondering if the Sultains in that part of the world are starting to get serious about cleaning up the mess left buy the first gulf war and years of uncontroled oil exploration. If this is the case perhaps we should be digging hard to find other companies that stand to benifit, after all the have a sheet load of money at their disposal. I have always found it easier to make money working for wealthy people.
Ok we have a PR and a Oakley news letter some of us have been buying on dips. Does anyone have a opinion on how to trade this next week? I am still going to maintain a strong core position but would like to sell some high and buy back low in order to incerase my position.
Price up .075 volume thru the roof and 20 people watching this board we must be the best kept secret on IHUB
Lebanon would be the Airport of choice to get to Bath just a quick trip up I-91 to get there
I have been sitting on this one for a while got in at .19 seems to be a realitavly solid co. for a penny stock I don't have a lot of shares guess I will wait to see what happens.
That is for sure but I have done enough retail to know image counts.
The fish tanks remind me of 8th grade science class LOL
Got to agree with you about the shop, Unless things have changed since I was there in May it is a good functional building but has abosutly no charm everything is plain utiltarian functional. They do not even have a decent sign on the building to let people know what is there. Dropping a few thousand on a decent reception area mite be money well spent.
Charlie is not a young man and IN MY OPINION he is first and formost a inventor why not sell and spend his retirement comming up with new inventions and plenty of money for R&D? IMO
I just tried it and it loaded rite up no problem.
Great to see some nice big buys comming in instead of those 100 share paint jobs.
Gnolf making some nice gains today they have been working on a deal with UAE and it looks like it may fly. They have oil cleanup technology a little like Costners seperator only better.
Nice volume and gains so far today looks like number of people following this board is picking up. I would like to suggest that you make yesterdays news a stickey post so new members may find it easly. I will do my part to spread the word a few new investors should help give the price a boost.
The only good thing that can happen is that it goes to 0 and I can get my shares declared worthless before Jan. 1 for a tax loss. LOL
A Misguided Correlation Keeps Shipping Stocks Undervalued
Monday 10/04/2010 9:58 AM ET - Dow Jones News
Related Companies
Symbol Last %Chg
DRYS 4.68 0.43%
DSX 12.71 0.08%
GNK 16.24 -0.85%
PRGN 3.95 -0.25%
SHIP 1.19 -0.83%
As of 9:48 AM ET 10/6/10
By David Benoit
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--The shippers carrying commodities across the seas believe world-wide demand is strong but investors are missing the boat.
Heads of companies, from steady Paragon Shipping Inc. (PRGN) to little Seanergy Maritime Holdings Corp. (SHIP), say they see no slump in the tons of iron ore, coal, wheat and other dry bulk products they haul. And while they are rightly worried there may be too many ships in the water, they say global demand will keep hulls full.
But that optimism hasn't spread to their share prices. Shipping stocks remain down sharply this year and well below the prices analysts call fair. An index that tracks shipping stocks is down 8% this year, in contrast with the Standard & Poor 500's 2.7% gain.
The culprit in the discrepancy is a measure investors look to as a gauge, the Baltic Dry Index, which is down 18% this year.
The BDI measures the price of chartering a ship, and so in some ways it makes sense to tie the value of shippers to what they can charge. But it isn't that simple, as shippers sign charter contracts long in advance. And while an increase in ships in the sea can skew the BDI, one shipper launching empty ships doesn't necessarily hurt another.
Although the BDI has enjoyed some time in the spotlight as a valuable leading indicator for the health of the global economy, reportedly even a favorite of former Federal Reserve Chairman Alan Greenspan, its use for judging both the economy and equities is currently flawed.
The death knell should have come this summer, when the BDI fell for 35 straight sessions from late May to mid-July, losing 60% in the process and dragging shippers' shares down with it. The fall had nothing to do with demand, and everything to do with a sudden surge in supply.
The order book, the list of ships being built, had always been predictable and carefully aligned with demand. But this summer, ships ordered at the height of the economic boom were delivered and the global economy didn't have the demand to match it.
The index dropped like an anchor, its status as an indicator lost. Yet the equities remain tethered.
The index that tracks the stocks, created by Capital Link Inc., an investor-relations firm and shipping website, shows stocks peaked in early May and bottomed in mid-July, just like the BDI.
For individual stocks, the picture is similar as even the strongest remain down for 2010. Genco Shipping & Trading Ltd. (GNK) is down 29%, DryShips Inc. (DRYS) is off 18% and Diana Shipping Inc. (DSX) has slipped 11%.
All three stocks could rise 20% and still be undervalued by their average analyst targets, according to FactSet Research, proof the typical investor is missing the point.
By trading with the BDI, investors overlook that shippers sign contracts and a one-day BDI change doesn't affect a contract signed a year earlier. For instance, Star Bulk Carriers Corp. (SBLK) and Seanergy have two-thirds of next year's capacity under contract, while Paragon leads with 93%.
Dale Ploughman, chief executive of Seanergy, says investors "should be a little more sophisticated" and look at each company's specific situation. He says his company is growing rapidly but not adding debt.
Investors also don't appear to distinguish how shippers manage their businesses, Jefferies analyst Douglas Mavrinac says. So stocks like Genco, his top pick, are valued like the rest despite a strong balance sheet and good contract coverage.
Suffering a similar plight are Diana Shipping--which gains much Wall Street applause for having the lowest debt compared with capital--and DryShips, with high coverage and deep sea drilling operations.
Still, while the use of the BDI is flawed, concerns about the oversupply of ships aren't misplaced. Oppenheimer analyst Scott Burk warns, even if much of the order book is canceled, the extra supply could keep earnings low.
Michael Bodouroglou, chief executive of Paragon, speculates the BDI could fall by another quarter. That would probably scare investors, but it could encourage shippers to reduce supply, a positive for the industry.
Meanwhile, demand from China and India, where most of the dry bulk ships head, remains strong. Executives say reports of slowdowns there aren't materializing, and they are looking for continued growth. For example, Star Bulk Chief Executive Akis Tsirigakis says India wants 10 private dry bulk ports by 2012. It has one today.
If demand continues like that, and supply isn't as bad as some fear, the stocks may be able to break the BDI chain and climb with the broader market, says Capital Link President Nicolas Bornozis.
The question is, will investors notice?
"I hope one day somebody will wake up and say Seanergy really is the gem that their CEO is saying it is," Ploughman says. "The only input I could give is I will continue to do what I'm doing."
-By David Benoit, Dow Jones Newswires; 212-416-2458; david.benoit@dowjones.com;
Click here to go to Dow Jones NewsPlus, a web front page of today's most
Maybe it is this story in business week that perked things up perhaps post the link as a stickey post just in case anyone else is reasing this board LOL. http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=GNO:CN
I did a few google searches and found something about some financials comming out but could not find any numbers.
Does anyone know what is going on over 2 million volume price going up, great just wondering why?
Ask went to .07 i'm not chasing it I really don't need more anyway
My order is still not filled i'm thinking there is a lot less than 5000 for sale at .065 (my order is all or non)
Scottrade is only showing 100 shares for sale at ask I have a buy in for 5000 and it is not filling looks like BS to me
I think you guys have this one pretty well figured, I also plan to be content with 3 or 4 cents per share when trading. I am in a position to let some go at .09. I will keep a strong core position in the unlikely event of a blow your socks of pr and flip the rest often for a small gain. Just missed my flip on lleg yesterday now it is back to just over what i paid.
A few years ago a ice storm took down half or more of the trees in the city of Burlington I don't recall if they got paid for them but the public works departments were sure glad to have a no cost place to dump them.
I am about half way between Burlington and Berlin, I watch the Ch 3 news regular and do not recall many complaints about McNeil. I think folks over there really like it when it is time to get rid of storm damage trees and their xmass trees.
There was a little blip on Ch 3 Burlington VT. this morning about the lleg project in Berlin they said it was a go and would create 250 construction jobs for the conversion. They also mentioned Gorham shutting down.
I guess I am in but must turn my attention to other stocks to get my trading fix. Lots of volume and volitility over at LLEG I have been trading that one to my advantage for a couple of weeks. Only made pocket change so far I am not doing a good job of calling the highs and lows but a profit is a profit however small.
I still think mopn will be a good trader in the future if the price ever gets above .09 I bet we see volume.
what do you think boogie is it time to get back in ehsi for some day trading? LOL