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Wallstreetman
I appreciate your positive feedback, your posts have been of consistent quality and I enjoy reading them, so it means even more to me that you wrote that.
By the way, the specific stocks in which this breakout price guesstimating formula has worked for me are BRVO, CXTI and SUWN. They did not require a constant stream of news to achieve the remarkable price runs that followed their breakthrough/revelatory pres releases, they only required trading time and patience, which I did not have in the cases of BRVO and SUWN -- I was shaken out of both seven baggers after they "only" doubled. CXTI I was able to ride from .70 to $3.
Mr copfer, I expect you may
get the .186 print that you mentioned on Tuesday, and it is nothing to be concerned about, but I also think the fact that it hit .187 and not .186 is another almost comical indicator of the strength of CHDT right here. Considering that this stock trades to the one-thousandth of a cent column, in my book with nothing in between .186 -- since it doesnt trade to ".1865", say -- means it DID actually close the gap. Think of putting the tips of your two index fingers together end to end. technically the skin of your fingertips is not grafted together, but it might as well be as we dont trade into the 10-thousandths of a cent.
Coupled with what you have read here about the difficuty of buying blocks of shares, I am going to disagree with you 100 percent that tomorrow has been set up as a down day "without news."
All the news that this stock needs to continue running to .50 and beyond is already out there. What you have is a typically cautious penny stock investing community still hestitant, still afraid to be caught bag holding, or as the odd investor out in a game of muscial chairs.
This stock may need another few hours, or another day to squeze out those foolhardy enough to part with shares between .18 and .19, but the chart does NOT indicate to me that it is set up for a down day tomorrow. My reasons:
--Highest close ever: .19
-- Difficulty purchasing blocks of shares at the ask
-- Complete float turnover (more than 70 M shares traded in the past three days in a tight trading range, of three or four cents, meaning those who bought in intending to see this to go 30, and those who doubt that will happen have exchanged ownership of the stock).
-- Momentum once it breaks the .23 cent mark, which is a very short run away.
So hang onto your "hanging man," he aint applicable here.
Do not underestimate the importance
of what you just stated -- .19 highest close = hugely bullish.
I'm going to toss out a price target here, based on my estimation that Howard Ullman is putting together a $100 M revenue per year company, with a goal to get the stock price above $1 by next year.
I am going to base this guesstimate on what some may find a peculiar formula, but it is one that has been accurate for me in the past... I look at what a stock price based at before dramatic news came out and do the multiplication on it... Therefore, CHDT was basing around 3 cents for many months. Due to Mr. Ullman's China contacts and deal making abilities and smart product decisions, the revenue picture brightened astronomically, as evidenced by a press release explaining a 2,300 percent increase in revenue. In other words, even the holders of CHDT stock at that moment must have been startled to learn that it was theoretically worth 23 times whhat they previously thought. Simple math: 23 x .03 = .69.
CONSERVATIVE short-term price target = .69
Now I realize that CHDT's share price actually moved up well before the "2,300 percent revenue increase" announcement was made, but I want to be purposefully conservative to make a point.
If you want to put the base at which the float of 70 M clearly turned over before the press release at .05, fine, a more optimistic short-term price target might be 20 x .05 = $1.
If you want to be spefic though, the $2.3K percent increase was actally announced when the stock was trading in the nine cent range, and you could go 23 times 9 = $2+. That's not so far fetched when you realize that Ulman is not standing pat, but plans to grow his generator and tile brokering regionally.
Anyway, it makes CHDT an easybuy as much as you can and hold at this point... The word about the escalating revenue came out July 6. My experience tells me you do NOT want to be out of this stock by the time the float churns to the one-month mark, August 6.
glta
Good news, Dart, that gap is GONE!
And we are staying in a tighly, still-bullish formation, think you too? Shaping up as an excellent day.. I look for a close in the .203 - .206 range!
Gaps
That was my question too, when , not if that small gap will get filled.
I have been in so many stocks, including exceptionally strong ones like this one, where I have thought there was no way a gap would get filled only to see it happen. Like you both, I DOUBTED the gap to .186 would get filled today, but as the upticks quiet down and the stock goes sideways, it becomes more of a possibility that you may see the downtick to take it out. Which is, as we all are aware -- not a bad thing.
It's just amazing how the psychology of trading plays out miinute by minute and day by day in the charts.
Sorry to break up the quiet board for a sec
but this has to be said...
Hey higherstocks
Couldn't you wait even two minutes to be wrong?
You might want to wait more than 2 minutes longer than the first trading day after you write a statement like this one --
"CHDT will be under .10 in a week or two and will never make it past .20 this is a fact not a prediction."
to be dead wrong.
Not that this move by CHDT was any surprise at all. In fact, it baffles me how someone who professes to know anything about the stock market could bet against CHDT the way it was moving last week.
By the way, just to let you know, I am not going away as CHDT cotinues to rise, and you are an embarrassment to yourself and the stock investing chatboard community."
Hey higherstocks
Couldn't you wait even two minutes to be wrong?
You might want to wait more than 2 minutes longer than the first trading day after you write a statement like this one --
"CHDT will be under .10 in a week or two and will never make it past .20 this is a fact not a prediction."
to be dead wrong.
Not that this move by CHDT was any surprise at all. It bafles me how someone who professes to know anything about the stock market could bet against CHDT the way it was moving last week.
By the way, just to let you know, I am not going away as CHDT cotinues to rise, and you are an embarrassment to yourself and the stock investing chatboard community."
Wrong again higherstocks
I have only "known" you for about half a day and already you have been wrong three times. First, I do very thorough scanning and stock research on my own, including investigating all broadcast interviews, charts, insider buys, floats, SEC forms, press releases and lastly message boards with all their various prognosticators and pretenders (that's your category right there) because they often contain valuable nuggets of info.
I have documented proof of calling huge breakouts in numerous stocks, including my best: BRVO, CXTI, WGMGY, SUWN and BDGR.
For you to say that someone with $5,000 in an Etrade account, say, and proper stock picking ability would be unable to make a fortune in the penny stock market represents the height of ignorance.
Take any one of the above 5 to seven baggers back-to back and that paltry $5,000 becomes $200,000 in just two months time.
I have been in MOBL before myself and done research on it also. I know of its positive potential. But the potential is thus far unrealized. For you to be betting against CHDT and calling it a "POS" while it is generating the tens of millions of dollars that a stock such as MOBL continues to only promise but not yet deliver is the height of foolhardiness and stupidity. Barring a completely unforeseen turn of events, MOBL holders are findng themselves in the stock doldrums these day, banking on a dead dod bounce and little else. To look at MOBL's chart right now and see promise? No way.
Mark this, as CHDT continues on its justified run toward .50 to $1 in the coming months, I will contnue to mock your ignorance until you wil be forced to abandon this board and or/ your IHub moniker in abject shame. It wil simply be a case of history repeating itself for me, as archived posts on Yahoo, Raging Bull and the Investors Hub boards under my abcambj and dashrip screen names show me waging verbal battle against similarly poorly intellectually equipped stock market morons like yourself.
Why do it? Because overconfident idiots like yourself deserve to be vanquished and slapped upside the head in order to dissuade other idiots of a similar nature from posting onn these boards in the future.
Also, because I enjoy the competition that stock-picking can become and you are about to get seriously QUASHED on this one pal!
Wrong again higherstocks
I have only "known" you for about half a day and already you have been wrong three times. First, I do very thorough scanning and stock research on my own, including investigating all broadcast interviews, charts, insider buys, floats, SEC forms, press releases and lastly message boards with all their various prognosticators and pretenders (that's your category right there) because they often contain valuable nuggets of info.
I have documented proof of calling huge breakouts in numerous stocks, including my best: BRVO, CXTI, WGMGY, SUWN and BDGR.
For you to say that someone with $5,000 in an Etrade account, say, and proper stock picking ability would be unable to make a fortune in the penny stock market represents the height of ignorance.
Take any one of the above 5 to seven baggers back-to back and that paltry $5,000 becomes $200,000 in just two months time.
I have been in MOBL before myself and done research on it also. I know of its positive potential. But the potential is thus far unrealized. For you to be betting against CHDT and calling it a "POS" while it is generating the tens of millions of dollars that a stock such as MOBL continues to only promise but not yet deliver is the height of foolhardiness and stupidity. Barring a completely unforeseen turn of events, MOBL holders are findng themselves in the stock doldrums these day, banking on a dead dod bounce and little else. To look at MOBL's chart right now and see promise? No way.
Mark this, as CHDT continues on its justified run toward .50 to $1 in the coming months, I will contnue to mock your ignorance until you wil be forced to abandon this board and or/ your IHub moniker in abject shame. It wil simply be a case of history repeating itself for me, as archived posts on Yahoo, Raging Bull and the Investors Hub boards under my abcambj and dashrip screen names show me waging verbal battle against similarly poorly intellectually equipped stock market morons like yourself.
Why do it? Because overconfident idiots like yourself deserve to be vanquished and slapped upside the head in order to dissuade other idiots of a similar nature from posting onn these boards in the future.
Also, because I enjoy the competition that stock-picking can become and you are about to get seriously QUASHED on this one pal!
higherstocks, how'd that MOBL buy on July 3
work out for you?
higherstocks post on BB board July 02:
Posted by: higherstocks
In reply to: higherstocks who wrote msg# 655515 Date:7/2/2006 3:10:04 AM
Post #of 667394
MOBL I know I am Buying! Thanks for the heads up! When the bashers come out its the MM's trying for cheap shares. Thx for the heads up on BIG NEWS this week!"
Also posted:
Posted by: higherstocks
In reply to: stock_hippie who wrote msg# 655517 Date:7/2/2006 3:23:09 AM
Post #of 667394
I am far from a pumper. I am an average investor, but just hate to see these bashers play there games and try to drive a stock pps down.
-----------------------------------------------
Since then, folks, MOBL has gone from .18 to .13. what's that a 33 percent loss?
Nice work higherstocks. You're the "expert" we're supposed to listen to who says that CHDT is headed down?
Based on what, knucklehead? Surely not logic. HAHAHAH !
Who's playing bashing "games" now???
higherstocks, how'd that MOBL buy on July 3
work out for you?
higherstocks post on BB board July 02:
"MOBL I know I am Buying! Thanks for the heads up! When the bashers come out its the MM's trying for cheap shares. Thx for the heads up on BIG NEWS this week."
Since then, MOBL has gone from .18 to .13.
Nice work. You're the "expert" we're supposed to listen to who says that CHDT is headed down?
Based on what, knucklehead? Surely not logic.
Burp, thanks for weekly volumes
You just showed me 200 M shares traded in last few weeks, that means the publicly available float of 70 M shares has been turned over almost 3 full times and the uptrend is intact. Hugely positive!
If you know the float turnover theory
of trading stocks, it makes CHDT's current chart even more exciting. The publicly available shares for sale not held by Howard Ullman and fellow insiders, he said on MN1, is only around 70 M. The past three days has seen that amount turn over into "new" owners of the stock who are intent on seeing it double or triple from the .15 cent level, plus those more determined holders who are intent on seeing this thing run at $1. Meanwhile with the volalitity in a tight trading range between 20 cents and .15, daytraders get shaken out. It is the formula for quite a run. GLTA
OMG Howard Ullman = modern day Sam Walton
"China Direct and its many subsidiaries have the capability to source most items made in China through its 25 years of relationships with factories and trading companies throughout China. The company is actively sourcing products in the automotive, promotional products, building, and apparel industries and looks forward to working with the many investors who either own or work for a business and are looking to lower costs or increase supplies."
Isn't this the current Wal-Mart business model, only substitute "many customers... (who) are looking to lower costs"' for "many investors... (who) are looking to lower costs"
You know, last time I chcked, Wal-Mart's revenue model was doing fairly well!
Go HOWARD and China Direct, CHDT! Directly to $1 and beyond!!!
See ya'll next week!
Soft, my status
as a non-subscriber doesn't allow me to privately reply, so apologies for that.
As I have come to understand it, naked shorters aided by their brokers "sell" shares of a stock at whatever the bid price happens to be at the moment ... with the intention to buy it back at the ask price.
Hence with CHDT, once upon a time when it was struggling along in the 3 or 4 cents range, a naked shorter may have "sold" a number of shares for .035 cents, intending and expecting to buy them back at a subpenny level for a huge profit. The problem with that is, in the case of CHDT, the stock's suddenly exciting business prospects start driving the price up , up up and what the "trigger" price was -- say six cents -- is the price at which the experts expect the panic BUYING to set in among the shorts who need to cover their "bet" that the stock was going to go down, not up. So the six cent trigger price is the price at which the experts said the majority of shorts would be shaken out. Hope that helps.
Soft, trigger price
What that means is when the price reaches six cents the shorts are likely to bail. As you can see, CHDT hit six cents-plus weeks ago and is soaring now into total blue-sky territory and the shorters of the stock bailed a LONG tme ago.
If you are into the evil practice of naked shorting, there are way more attractive fishes in the OTCBB sea to catch and fry than China Direct.
Howard Ullman seems to have formed a phenomenal business plan, what with signing a lineup of generator sales and installation subsidiaries that will be "generating" in the neighborhood of $20 million each, per year... just five subsidiaries nationwide may generate around $100 million in revenue, and that doesn't even factor in the roof tiles sales which begin in earnest in August and which I understand wil gnerate another $40 million annually, if I understand the pricing correctly... Ullman said Thursday that he has in hand a Notice of Acceptance (NOA) in hand that allows his company to begin selling roof tile as of July 21st in Dade and Broward Counties where homeowners have been waiting one year for tile deliveries. At current production capacity their China subsidiary, Overseas Building Supply (OBS) can deliver up to 2.5 million tiles per month at an average price of $2 each. Do the math on that, if they can manage to sell out for several months... I calculate the tile revenue as (2.5 million tiles x $2 each = $5 million) five million bucks per month, meaning up to $60 million per year, possible just for roof tile. Divide it in half for the remainder of 2006 -- $30 M -- and add it to the generator sales and install revenue, and you get potential revenue of $130 million real dollars. For an OTC company that is unheard of, and this stock at .175 is called "opportunity."
The word is out on this stock. There are people sending out spam e-mails touting it for their subscribers and non subscribers alike that ullman doesn't even know who they are. It reminds me of the frenzy surrounding BRVO and SUWN in recent years, two very legit stocks that I also caught early, but sold way too soon, during their initial breakouts.
Twenty-three cents will NOT be the one year high share price for this stock, I will bet you on that! And this is definitely NOT a stock to be selling or naked selling at .175 cents, in my opinion.
I was happy to discover this board being so active. I usual only post on the BB chat board and RB.
GLTA!
Axios, about UPZS
I have been away from this board for several months and did a little looking back at the stock mentioned here today, Unique Pizza... I know you throw a lot of darts out there and not all of them hit the bulls-eye, but I have to give you huge credit for an amazing call on may 31/ june 1...
it was a nine bagger after this, nice work!
"Posted by: Axios
In reply to: None Date:5/31/2006 11:15:49 AM
Post #of 184060
UPZS ready to break; volume please
Do your own research; reach your own conclusions."
CHDT
Holding from .089. It still looks strong today on greater volume than usual and enhanced investor awareness. My thought is that it is headed for a spike near or at .30 short-term. The $22 million in projected revenue is for te sale of generators and doesn't even factor in the sales of hurricane proof roof tiles which shoould get a boost from today's news announcement on CNBC that the government is giving Lousiana $4.2 billion for new construction costs, and my get a boost every time there's nother hurricane in florida or elsewhere down south. The recent news announcement for CHDT said their revenues had increased an amazing 2,300 percent. Now, even if you go back to the 3 cent stock price base and multiply that by 23 -- figuring that the stock should be theoretically worth 23 times what it was worth at that time when nobody really knew about this staggering record revenues quarterly report -- then you get a new stock price of .69 cents per share on generator sales, without even figuring in roofing tiles. Do I actually think this stock will hit .69 to .75 cents? Stranger things have happened, but what I do know is that it qualifies as a "hold" for me here under 20 cents. I think other holders have done similar math by the way the stock is behaving the past few days... dips have been short lived.
Good luck to us both!
apologies MTNA, folks I don't
know what to say about MTNA. I have been trading regularly for six years now and I must say this is the most puzzling one-day chart I have ever seen in my life. If somebody could explain how the heck a stock breaks out to a new high after basing for a week and does record volume and then tanks below the base in the same day.... Very discouraging for me, feeling low right now.
MTNA and NCNC
MTNA looks like it is attracting huge interest and big money buys. I see a run over $1 in the next few weeks in the offing.
NCNC is just at a low volume dip GREAT BUY price right here. Comapny projected 2006 net income of .25 per share. Headed to $2 near term and taking a very short breather here right now.
glta
MTNA stock has potential
based on chart and earnings prospects
NCNC has broken out. Next stop = $2+.
Check news and chart.
FLST is a double if you just hold until May 3. Check news.
Thanks Art
It looks good to me, even better actually in that chart. I guess it has t cross that red line around .13 for a really strong break...
Art cool chart, take requests?
I like the bright color on black background. I go to bigcharts but I don't see those on my screen until you post 'em.
I'm curious what a similar chart would look like for ABZS right now... is this thing ready to break and go double or am I not seeing it right? I figured a "bright lights" chart would help. TIA
welder lfwk
I get what you're saying but it is also a game of momentum and that was such a huge run up from a half cent... even though the financials are staring you in the face -- saying this could easily become a $1 stock by the end of the year, it's hard to stand pat after a 10 bagger (if you'd been holding from .005), right?
ABZS abazias, Paris Hilton watches
.109 buy is a beautiful entry folks, take it from me. My buy order of .105 sat there all day on Tuesday and no takers. lok at the chart & story. I finally bought in for .108 yesterday.
LFWK everything u need to know
about this company's "fair price per share value of .62" (that's not a typo, sixty-two cents) is right on this page. read all the way down.
www(dot)investorsparadise(dot)com/m-1142357160/
These guys are gonna build houses and CLEAN HOUSE!
LFWK, took me 12 mins. to fill buy order at .032!
What does that tell you?
outstanding shares on wtvn anyone know?
gnolf is the play
current trading price, .98
My one-year price target: $50 (fifty dollars. yes, you read me right).
My reasoning...
Genoil has exclusive (as of today PATENTED) revolutionary crude oil clean-up technology that the world's MAJOR oil producers are circling like great white sharks around bloody tunas right now, including China's biggest producer and Lukoil in Europe.
Genoil receives the barrels of oil that the world's producers generate and through their technology -- a key component of which is ADDING hydrogen -- they are able to make 110 percent of it usable light synthetic oil.
Is 110 percent a cliche in this case? NO! The adding of hydrogen and total cleaning of every ounce of oil -- even the darkest "PITCH" oil that previous technology required refineries to simply throw away, plus the added hydrogen means Genoil actually gives back to the oil producers MORE VOLUME OF USABLE OIL THAN WHAT Genoil initially received.
Genoil's CEO told this to the world in an online interview recently. He also said bids and interest are coming in faster for their company from all points on the globe right now than they can say "let's make a deal." A deal is inevitable. More than one deal is likely. (Genoil also stated that the testing with Lukoil, which sent them barrels to put through Genoil's processing techgnology last month was a complete success)
What is the revenue structure of the technology? Get this: $20 per barrel. Genoil's CEO said the Lukoil deal when and if it happens will generate a MINIMUM OF 50,000 BARRELS PER DAY TO BE PROCESSED, and could yield a per day procesing amount of up to 250 THOUSAND BARRELS. Now check my math and while you do note two very important additional factors: 1) outstanding shares = about 195 million. and 2) there is huge interest and a memorandum of understanding to build a giant genoil processing plant in China right now and my numbers below are JUST FOR THE LUKOIL DEAL... do it with me... $20 per barrel times 50,000 barrels per day equals $1 million revenue per day, times 365 days in the year = revenue of a minimum 365 million. In the online interview, GEnoil's CEO said the profit margin on the 20 bucks a barrel is very high -- LET'S FOR ARGUMENT SAKE SAY GENOIL POCKETS HALF THE $365 MILLION AS NET INCOME FOR THE YEAR -- 180 milllion per share net income, that is nearly one dollar per share net income and at a PE of JUST 5 YIELDs a price per share of $5. Ok, now consider China... consider too that Genoil may do business with Lukoil to the tune of 250 thousand barrels per day.... let's say a year from now these deals are signed (and why shouldn't they be? Everybody wins in these deals--Lukoil, China, Genoil, and whatever other oil producers jump aboard because GNOLF's processing 100 percent of the crude, including of the pitch, and throwing nothing away, plus they're adding hydrogen in an environmentaly-friendly way -- another of GNOLF's major sales points by the way is the green-friendly aspect) and the fact they come out with MORE volume of product than what they started with! )If, as the Genoil CEO alluded to, they up the Lukoil deal to closer to 250,000 barrels per day -- then say the China deal kicks in, more autmobile usage in China every day, right??? IT IS NOT OUT OF THE QUESTION THAT WITHIN A year or two THIS COMPANY COULD BE PROCESSING 500,000 BARRELS OF OIL per day!
Now here's the math that is keeping me awake night's and has since I went all-in last week at .72 cents per share:
-- 500K times $20 = $10,000,000 per day (TEN MILLION)
-- 10 million bucks times 365 days per year = $3,650,000,000 (three billion, six hundred fifty million).
Let's say half of that is net income = $1.8 BILLION,
-- $1.8 billion divided by the no. of outstanding GNOLF shares, or 195 million = $9.20 per share net income! Times a price to earnings ratio of 5 = $46 per share. Times a PE ratio of 10 = $92 per share, and so on...
Is GNOLF a good risk-to-reward buy at a buck here?
Look at the chart right now and YOU TELL ME!
Mark this post, baby!
Signed,
johnnyc2006,
(the guy who posted SUWN as the buy on RB on Dec. 28, 2005 at .23).
gnolf is (still) the play
read the story behind it. look at the chart
sevi whoa anyone watching this
gnolf is the play
read the story behind it. look at the chart.
check this google HIT for liox news....
under keywords search: "lionbridge bags $300 mn microsoft deal"
it's removed from rediff.com, but remains in google cache
as
'Lionbridge bags $300 mn Microsoft deal
Rediff, India - 22 hours ago
... Under the deal, spread over a three-year period, Microsoft will outsource its testing, content development and localisation requirements from Lionbridge."
opportunitiews like this one to buy before big news fully announced dont happen often (downside risk here is about 6 percent, as the stock has been flatling in low 7s)
LIOX I just spotted a
raging bull post from way back stating the LIOX Yahoo message board had problems as far back a October, so I take back any Yahoo message board conspiracy theory related to the suppressed-since-it-was-posted-on-rediff.com-last-night business article on LIOX's $250-$300 M contract with Microsoft. But when this contract is officially announced it should provide a nice 50 10 100 percent boost in share price.
STockman about LIOX
This story fascinates me. I have no doubt that what was reported on rediff.com ("India Abroad") last night about a $250-$300 M outsourcing contract for Lionbridge from MS was true and that as you said it was pulled due to pressure either from Lionbridge's execs and/or from Microsoft to keep it from being public before THEY are officially able to release the news due to SEC regulations.
But what further fascinates now me is that for some reason I am not able to open and read any of the Yahoo Finance message board postings on the LIOX message board page on my MICROSOFT windows program! While all other message boards on Yahoo are working fine for me. Coincidence??? I am going to be watchingn this stock VERY closely for announcements and price activity here. TO be upfront, I took my MMam profit and went all-in at 7.80.
Did you buy already Stockman? I trust that you did...
GNOLF fundamentals = rare gem of a play
I hold two stocks right now, MMAM and GNOLF, neither of which have their own boards on Raging Bull, so I just HAVE to post the following someplace. So here goes.
And you can check my basic facts here for yourself about Gen Oil specifically (GNOLF.ob), but I swear the following is all true!
Gen OIl has announced a memorandum of understanding to build a 30,000 BARREL (not just gallon) per day, heavy-oil-to-light-synthetic-oil converter in China. According to Gen Oil's CEO in his very recent Wall Street dot net interview, for each barrel of oil that the company converts to light oil using their green friendly hydrogen adding technology, they make 20 bucks in revenue. What makes GNOLF's technology so desirable is unlike the previous converter technologies, GNOLF's does not require oil producers to just throw away the 5-10 percent of the heaviest oil they harvest, known as "pitch," because GNOLF's able to convert that stuff too, and by ADDING hydrogen to the base oil, they are actually able to come away with MORE oil than what they started the conversion process with. Which is why GNOLF's CEO is quoted in the before-mentioned online interview saying "the bids are coming in so fast (for similar Gen Oil converter plants to be built) all over the world that GenOIl's salesmen are running all over the place having a hard time keeping up with the interest and demand and taking bids.
But check this math -- considering JUST the China, 30K barrel per day converter. Even if GNOLF didn't sign another contract for a converter anywhere else in the world (which is HIGHLY unlikely given the major interest in their technology right now): $20 times 30K barrels per day equals $600,000 revenue per day! (The profit margin by the way is extremely high, again according to the CEO in the Wall Street online interview.)That amounts to (60,000 x 365 days) $219 million bucks in revenue for the year. With the high profit margin per barrel, let's say the company lists half of it as net income: That's over $100 million per/yr net income from just the ONE factory in China, or .52 share (190 M shares outstanding) net income. At a PE of 10, it's a $5 stock, or at a 20 PE it's a $10 stock. (China is expected to grow its oil output six percent per year, so let's gravitate toward the PE of 20 or higher). But on top of China Genoil is expecting to start signing contracts to build similar converter plants around the globe. This all adds up to why this "penny" stock is generating MILLIONS of dollars worth of trading volume per day here at the just-under $1 level and why YOU GOTTA LAUGH at the idea of selling a single share for less than five bucks, unless you are just doing the timing/flipping thing to make a couple bucks here and there -- nothing wrong with that. But the bottom line is you don't want to be out of this stock for more than two or three days during a natural dip in the ascending staircase. GNOLF has tremendous legs right now, see how it's been acting. Check the price, volume and chart and you'll see what I am talking about.
My short-term price target is five bucks -- but that's in the total ABSENCE of any more press releases in that time. If there is even a sniff of a smiliar plant in europe or elsewhere the $5 bet is off in favor of higher ground.
Pleasant dreams here in the wee hours for me... I am tapped out portfolio wise, having spent all my ammo on getting into GNOLF at .73 a few days back after doing the research above. And just chucking it out there for any interested members of this board, which I really like, for whoever wants to go along for the nice ride with me! I have not felt this good about a stock pick since I bought SUWN on Dec. 27 at .24.
Keep an eye on MMAM in coming days, weeks
Three reasons why I think this is going to hit .15 (from .059) short-term:
Wal-Mart
CVS
and just check out the chart!
GNOLF, wow anybody heard the Wall St net interview?
This company is about to start making huge amounts of cash.
$20 per barrel (!) for conversion from thick oil to light oil, and they have the leading technology to do it in worldwide market of 22 million barrels of oil perday... May be fits and starts over next couple weeks but don't count on current GNOLF run to end short of $2.