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Have a good one Bri. Bring us back some MOJO when you get back ;).
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Same here.
NP Wiseman, hope you feel better. Happy trading to you.
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No, but we're going to give it our darndest :).
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Same for BIGN :(.
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Hoping your dad has a speedy recovery Chartinator.
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Hope you and Day Trader Belle make out like bandits :). Happy trading.
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The Golden Cross is the holy grail of TA based investing. Shows that the near term support is busting through longer term support. Which indicates a stock being accumulated and in the midst of further ascension or BREAKOUT.
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I like the way you think :).
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Lowman, very interesting...Hemi went on a ~9x run from the point of the golden cross. Wonder what NVMG has in store for us????
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I like O&G plays as we move into Spring and Summer. NVMG and WRNW look like a couple of potential winners. NVMG came out with news on their first tranche of financing and the acquisition of a workover rig (HUGE) and WRNW is just plain cheap at the moment. The jury is still out on BIGN, don't like the fact that it was suspended by the SEC. That will hurt it big time. I own shares in all 3 O&G companies with $ in NVMG, WRNW and BIGN in that order.
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Good morning CE board. How is the gang doing today? Happy trading.
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Good luck with your entry there, we have triple tested the bottom at .0095. I would recommend you hit the ASK today.
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An excellent NVMG chart posted by Stock Analyzer:
http://www.investorshub.com/boards/read_msg.asp?message_id=17726379&txt2find=nvmg+
200 day at .0075, 50 day at .0069. Another couple of days and this one will be on every technical traders short list. Also, look at the pullback on low volume vs. the up days.
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It's amazing how many people sell at major inflection points in stock prices. This was a triple test of the .0095 bottom, we have a solid long base holding the line here. The MMs can only move this one way and the end of day Friday tipped their hands IMO. They collected shares at sub penny increments which will be sold back for pennies to the very "longs" who sold recently. I don't fault anyone for selling, but we had fundamentally game changing news last week. It was the wrong time to sell. My opinion on the resistance we hit was due to the restricted shares from the 187M lot below hitting the float. These shares have now been chopped through and are securely in the hands of longs here IMO:
Insider Shares:.............895M
Restricted Shares:........187M (legends recently removed and available for float)
Float:...........................142M (...and rising. Float max 329M)
Outstanding Shares:...1.224B
*O/S will increase after the $5M funding.
We have a new batch of shareholders holding for the real gains to come. Good things.
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Wiseman, I missed your post. Yes NVMG seems to be consolidating nicely around .01 and above. We tested that .0095 bottom on three ocassions and held. Nice hammer on Friday's chart, I think we see some nice movement to the upside this week. Gas prices on the move again, I like two plays NVMG and WRNW. Still not completely sold on WRNW, but I've picked up a nice starter position (looks like a bottom play). GLTY.
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Bri, tell us a little more about LIFE. Couldn't find the ticker for it.
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RLTR is one of our Marathon picks ;).
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I added some WRNW today. I'm not sure how I feel about the company just yet. Lots of O&G rock stars in this play (Lowman, Westeffer etc). Too many for me to not pick up just a few shares. I do like domestic O&G plays at the moment.
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I added today and it was tough getting filled even at the ASK. Too many well respected O&G investors in this one for me to ignore.
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Good morning all. Not much I like out there right now. The Marathon plays seem to be the safest in the market for the time being. Slow and Steady UPs.
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That was a triple test of the .0095 range. If we close above today, this will be huge. There is a core group of longs here with our fists clenched and we're drawing a line in the sand.
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You could be describing NVMG here ;).
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Nothing like a veritable monopoly is there? Anything energy related (traditional, alternative, energy efficient housing) is fair game for NVMG. It's hard to put a cap on it. Also, I would imagine those large tracts of lands could be used for corn and feedstock for Ethanol. They seem to be thinking outside the box.
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NVMG confirmations everywhere you look, check this link out:
http://www.naihc.net/NAIHC/files/ccLibraryFiles/Filename/000000001090/Nov-Dec%202006.pdf
See page 12 of 12. If you think this is solely an O&G play? Fuggedabout it.
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Is this a good stock? Are we there yet? Where in the World is Kip Eardley?
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More appropriately, what is the difference between a MM and a bucket of shi*? If you said the bucket, you're right. Ding Ding Ding.
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mike_t, my guess is the news spigot is just getting warmed up. Lots more in the hopper. We have a big time diversified play in the making within a niche segment with a proverbial monopoly to boot. Good things.
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Awesome mastershake, this news should really help us build for the next leg IMO.
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Will be watching, maybe this thing gives me a good place to enter after all. GLTY.
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Lowman, couldn't agree with you more. Technical/chart based purchases typically are entries that can be timed. Fundamental NEWS like this affects stock prices, sometimes a week or so later (ripple effect with news propagation etc). MMs are having a field day gobbling up shares in subbie increments that they know they can unload for penny increments shortly. We all know volume precedes price and we are in for a heck of a move. I would be very surprised if we are not multiples higher from here in a couple of weeks.
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Thanks Bri.
BIGN, still holding all my shares. Someone is accumulating a lot of shares over there. It seems poised for a break out IMO.
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Your spot on Wiseman ;).
I'm looking for an entry in AVSN Bri. Wish me luck ;).
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***Marathon Play - NVMG***
NVMG, reported some pretty incredible news this am:
http://biz.yahoo.com/bw/070307/20070307005326.html?.v=1
these prices wont last long....
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NVMG, reported some pretty incredible news this am:
http://biz.yahoo.com/bw/070307/20070307005326.html?.v=1
these prices wont last long....
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Rocketstocks I agree 100%. This should at the very least double today, based on what we know. Unreal, the lid has to come off shortly.
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It's truly amazing that you can buy this company with the news out today fro .0125. Hit the ASK dammit, she's a steal. I hate travelling to Cali and missing the NEWS, that was one well written PR. These guys have their house in order.
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I love that Bless and Release line. You have to patent it ;).
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