Just a chick trying to make a few good trades.
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.
AmaZING!
Most companies hire other companies for marketing and promotion.
Management needs to focus on the business. At least we know where their money is going. They paid CASH!!!
Jenn
This tells me the CEO is looking for an excuse to exit this situation as he has done many times before.
I have to agree that there have been a number of reverse splits here and from what I am told, the CEO likes to park on the ASK (HDSN). I am finding out more and more about AOGN the more I dig into this. I still called it right so far, but my confident attitude is waning.
From the DD I have done reading other forums, the CEO has some credibility issues with the public. He needs to regain confidence or this will continue to be wash, rinse, repeat, etc....
Once again, play the penny casino with extreme caution.
Jenny
I agree that the RSI is only getting started here.
The technicals are awesome here. I like sixes (6s) tomorrow.
With any news we might hit 7s.
Jenny
We should be trading 6s tomorrow. Ask is getting chewed up.
Nice little company here with a ton of potential.
Jenny
I believe 3 cents, but even at 5 cents we will get that triple IMO.
Jenny
Kinda quiet here today?? Hmmmm.....I am surprised not more folks here posting on this one. I called a triple and I believe we will see that and more.
Jenny
Call me crazy if you like, but this bad boy is headed right back where it came from. Watch this hit teens in short order.
Just Saying!
Jenny
AOGN up over 50% from my cost basis. Congrats to all who purchased at .004 and below. Nice payday. :)
Like I keep saying, you trade penny stocks, not fall in love with them.
Jenny
That is okay. In this penny casino, you win some and you lose some.
I wouldn't doubt you are correct.
Jenny
Thanks for both posts - :)
I like where FRDM is heading.
Jenny
I am thinking a few whacks at the ask and we close near .05 today.
Jenny
FRDM looking nice today. I am hopeful that the selling is all but dried up and we had back to recent highs. Now that would be sweet!
Jenny
I am enjoying the Summer. :) I think that wall at .004 is fake. I am guessing a few more 200K hits like we have had today and it's gone.
Jenny
AOGN - Look at that bid support coming. I still like .01 by Friday or close to it. That my friends is a double from here.
Jenny
I think those .004s will fall either today or tomorrow.
As with any penny stock, you simply trade them, not fall in love with them. :)
Jenny
I am going to go out on a limb and say that this will break .01 again and that is over 100% gain from these levels.
I like this part of your posting:
Conclusion: AOGN is adding approx. $ 2.5 Mio value to its balance sheet through the hardware on the lease. In addition: by producing oil from the lease, based on the SEC rule, they can add a certain value to their balance-sheet by putting a value of the proven reserves.
As was seen above: 8 Mio proven. At least, they will be able to attach the following value to the assets side: 8 Mio : 2 = 4 Mio proven reserves. Based on the information we do have, the company retains approx. 45 to 48 % Net. Assumption $ 60.- for Kansas Oil means approx. $ 25-$30 Net. 10 % of this = $ 3 times 12 = $ 12 Mio in addition to the hard asset value of approx. $ 2.5 Mio = approx. 14.5 Mio $.
Jenny
Any thoughts, good or bad, on this release?
MINNEAPOLIS, July 11 /PRNewswire-FirstCall/ -- Avalon Oil & Gas, Inc., ("Avalon") (OTC Bulletin Board:AOGN.ob - News) is pleased to announce that it has entered into a letter agreement to acquire an undivided one hundred percent (100%) working interest in a 320-acre leasehold in Vernon County, Missouri. The leasehold contains over 70 wellbores, with over 20 wellbores equipped for production.
Vernon County, Missouri has produced oil since 1953. The Shell Oil Company, Phillips Petroleum and Humble Oil Company have all tested the Bluejacket and Warner Sandstones with various levels of success. In the early 1980's, a steam injection method was proven successful in extracting the heavy crude oil from the sandstone formations.
Jenny
I suppose if we want to throw all the penny stocks into a basket that have executed a R/S, there would be a many baskets over flowing. Right?
Not defending it either way. .004 seems like a good entry and I may be wrong. Wouldn't be the first time. :)
Jenny
At least that. Why did this fall from 30s to this level?
That might help answer some questions here.
I have looked over the last few releases and the share structure and I do not get why we are at 3 to 4 cents.
Is that 500K bucks or volume? LOL
Had a trading friend of mine turn me on to this one.
Might be good for a triple.
What's not to like here? Nice revs and a stream of good news.
Jenny
Whether you like this company or not, the price at .004 is a good entry IMO to make 50 to 100 percent. Who cares about all this other stuff anyway. No one in their right mind "invests" in a penny company. It is all about the trading and entry points IMO.
I wish everyone here good luck.
Jenny