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LMAO!!! Bid moves up and they squash any upward momentum by ratcheting the bid and increasing the spread on the trading tools some use. How to spell market maker &/or trading platform in four letters: S C U M
LOL!!!
Walkdown continues to retest .08
This is where they begin to test the faint of heart with .08s
piled up.
The games are afoot!
IMO there are those who have been buying at these levels based on the company and the possibility of several outcomes with Toyota.
I'm one. ;)
DD
Glass,
My little MM joke, post 172, was in reference to what I was watching on L2. I bought the last of my shares today @ .085.
Now that I've got the tickets to ride, we'll see if the train's headed north or south near term. RSI touched down but CMF isn't trending up nor is Acc/Dist. This may get pushed down some more before it gets a breather. But a little good news and SOLM will turn just as hard IMO. Read the prior posts. I'd get a charge out of finding that some hedge scum got caught in the squeeze and then in the legal vise. This thing would jump the tracks on the way up.
BYOB (Buying is your own business) and happy trading.
DD
Buuuurrp! Ahhhh!
Well..Now you know. The possible PR seen on the TX restroom wall was NOT, I repeat NOT, about MGRA.
MGRA couldn't hold $.0008.
LMAO!!!!
Thought for the day:
If MGRA is steaming POS today, it'll be OIL in 2 billion years!
Hey, management needs to factor this into their business plan.
LOL!!!!
Round one
LoL! Hey Joe.. got 10K for me? Yeah, Mike. Just trade 'em back to me after lunch. 5..5 10..10 10..10
Titan,
I've found a couple of needles over the years but have a lot of scratches from thrashing through the hay. ;) That's why I adopted the trading methods I use now.
BTW: I posted the well data here just so others could see that there actually is a Morgan County and it does have producing gas fields. I've logged wells in the Rocky Mountains and just because the county produces doesn't mean KGLJ will bring in the Spindletop :). But hey, at .021 I'll root for 'em.
Happy trading,
DD
stockrider,
We agree on some points. I'm not at all convinced that it was shorted down. If there was imminent news it would have been run down quickly on light volume (it was - so fast it reminded me of the dot com days) but then there would have been buying pressure that caused a hard rebound - there hasn't been. IMO there was an orchestrated run up to .02 then a quick pop to the 50. This created an artificial high to start a dump. The problem with the plan is the idiots followed immediately with an unleashing of truckloads of shares to MM's that caused a fall so quick they couldn't drop the price fast enough. Simply supply and demand.
The MM's trying to unload the shares kept selling by the millions even after it went sub penny. That part is fact - the trade records and charts don't lie.
So....with the recent memory of that kind of manipulation fresh in the minds of who ever is holding shares at or above current prices, why would they hold this for a dime? Answer: They wouldn't they would flip out of this at the first sign of B E or profit depending on their tolerance.
Again - the only thing IMO that will change this is whispers followed by REAL FACTUAL VERIFIABLE QUANTIFIABLE NEWS. Then some will hold. Company Management / boiler room: Did you get that?
Also, did I miss the statement from co mgt after this massive selloff that explains the action or at least states that there has been no dilution and quotes current AS, OS and float? Please do it quick!! I'm holding my breath!! LMAO!!!! And if this is a low floater, 15MM in trades in a day is a selloff in my book. Look at the trading activity before and after.
AJMHO
BTW: I'm not a basher or pumper - I've just been at this awhile and I call 'em like I see em.
DD
rgnoll,
Away from the screen and couldn't get .08. I'll wait now on sub 8 before another piece. IMO the tide's gonna turn.
** Sigh ** I was waiting for this. Bought last @ .1001 but kept the powder dry for this game. Interesting theory over on Yahoo forum. ??? Hedgefund backed by Toyota ???
Who knows ??? This is penny land. Seen sleazier things than that. IMO it would be sweet to have an investigation peg manipulation to something like that and then have a decision reversal on infringement. Might add to the damages.
DD
Last post looks like it cut off Wolfe County.
Here ya go:
stockrider,
Why would shorts feel the need to cover? Yes it was up substantially three months ago. It was .04 on a rise from a penny just days ago. Then dropped from .04 to sub penny like a stone in less than one hour. Millions of shares sold that day AFTER it went sub.
Charts look like *&$% and retail buyers with two or more brain cells aren't lining up to buy after that last dump.
IMO until there is a reason for this to go up (ie whispers of REAL NEWS) it's just a head fake. Even then, it'll be flipped to death by jittery players waiting for the shoe to drop again.
IMHO Whoever was involved in the fake run and dump put a lid in CNGJ for quite awhile. (Severe case of dumb_ _ _) Only NEWS will bring it back.
Be glad to be proven wrong ;) but I won't hold my breath.
C'mon insiders buy up these cheap shares!!!
C'mon shorts cover by the millions!!!
LMAO!!!!!
Here's a little something to add perspective:
Kingslake Energy Inc. Sets Ten More Locations
Thursday February 14
DALLAS--(BUSINESS WIRE)--Kingslake Energy Inc. (OTC: KGLJ - News) announces that it has permitted four locations and picked six others for a total of 10 natural gas well locations on its 20,000 acres of oil and gas leases located in the highly active Devonian Shale Area, in Morgan County, Kentucky.
Menifee County:
462 well records
Wells are shallow most @ or under 1,000 ft
A number are operated by Central Kentucky Natural Gas Co.
Morgan County:
598 well records
Many shallow wells 1,000 to 2,000 ft (lower drilling costs & make hole faster)
Additional deeper wells tapping production zones @ 2,000-2,500 4,300 7,500 ft
A number of gas wells drilled since Y2K
Wolfe County:
1,649 well records
Large gas field in southern part of county
Well depths 1,000 – 2,000 ft with many @ 1,000 to 1,500 ft
Additional wells at 44,00 – 5,000
A lot of drilling activity in 1984-1985 Ravenna Oil
Kentucky Petroleum Geology Map
Menifee Morgan Wolfe counties
MM's having fun here. 5..5..5..5..5..5..5
LOL!!!
Have a good time! Powder staying dry.
DD
Saw that but thanks for posting it. SOLM has real tech and products or they wouldn't even attempt to lock horns w/ Toyota.
I did get shrs at .101 and .1001. Don't know if it will drop below .10 but I'll spend more if it does and then stabilizes.
I like a David and Goliath story. RIMM paid huge in their suit.
IMO just having the opportunity to present to CAFC makes this interesting - and that's not to say there aren't other positives.
Look at the markets they are in.
Cheers
DD
Prior PR (spotted in a MGRA forum post 6/28/2007) :
The CEO of the company stated, "With our second well acquisition announced today, management feels confident that we will meet our goal of 50 additional wells for our Workover Program by year's end. We will continue to identify and procure the rights to promising leases. We anticipate cumulative initial production of 10,000 barrels of oil per month once all wells have completed the Workover Program."
Possible next PR ?? (spotted in truck stop restroom somewhere in TX ):
To our friends and shareholders … Our goal is to try and maintain the PPS above $0.0008 while crude has risen to over $100 / BBL. We know that REAL oil companies are generating revenue and profits hand over fist – which only magnifies our ineptness. We thought we found crude oil last week on our property. On closer examination, we discovered that the source was a leaking pan gasket on the rig up truck.
But we’re confident that oil is out there because we’ve seen those what-u-ma-call-it pumps going up and down up and down when we drove by on the highway. We were lost though and can’t confirm that they were on our leases.
Hang in there and keep buying those shares!
JR
Pickin up .101's but waiting to see the break below .10 before
any real buying.
Walkin' SOLM back to the bottom.
Walkin' SOLM back to the bottom.
NEWS just in...video of Hans leaving with SHARES in Millennium Falcon:
Oooohhhhh! You mean THOSE shares. You'd better hurry! Word is Han Solo's back in Mos Eisley trying to cut a deal for them as we speak.
Titan, The shares are in good hands.
Post #1999 Karma Trading
I compassionately bought them the day before yesterday realizing that someone was desperate to get rid of their shares. I rode the train all day yesterday but realized at the opening bell today that someone desperately wanted to buy my shares. So, it seemed only fair to sell to them.
I must leave now because I have to catch another train.
GLTY
DD
OK Wave. With all that's pending here
I bought yesterday, early this morning and picked up another 29.3K at .115 at the end of the day for a .108 avg.
L&L and waiting for the outcome. It would be absolutely incredible for David here to get the nod in the patent infringement suit against Goliath.
Never say never - ask RIMM
LOL
Cheers
DD
Titan,
You, sir, are exposing waaay too much good general insight into how this should be done. ;)
I just use the Good Karma trading method:
Make sure that you invest in a compassionate way, when the crowd is desperate to get rid of their shares, do them a favor and buy from them. On the contrary, when they desperately want to buy shares from you, sell to them. This way, usually you are not only gaining good profits, but also creating good Karma for yourself.
Well,...OK Titan.
Uhh, Thank you Josie. ;)
It's either a
sleeping dog lying or
a lying dog sleeping.
OBV MFI Acc/Dst all went and hid in the basement after that playful little 30 minute rundown to sub penny from .04.
No news, no release from mgt regarding PPS activity, no hard bounce from short cover....hhhmmmmmm.
Was it Cheech or Chong who said, "It looks like dog_____"?
LOL
DD
Who do I thank for those cheap shares yesterday?
DD
Titan,
Entered this morning and will complete buys in this range.
Charts indicate to me a base and potential turn.
GLTY
DD
Picked up shares today .055 to .058 still got some powder for this one but it's about time for the turn.
Was that gap up gonna be west coast time? LOL
wireliner,
Ever log uranium?
Log for the berger?
Wireliner, The 2B AS is only part of the problem. The bigger issue IMHO is that mgt couldn't find a quart of oil in an O'Reilly Autoparts store.
A week ago CNGJ trades just over 1MM shares (Monday & Tuesday) from .009 to .01 then doubles to .02 on just 65,000 shares. Then it falls back with nearly NO volume for an entire week. Yesterday, Thursday, the price spikes up to .035 on less than 500K shares and quickly climbs to .04 on 357,000 more. CNGJ ends the day at .03.
Amazingly, a little over 1MM shares trades early this morning from .03 to .04. Then the price plummets from.03 to sub penny in less than one hour. Most of the fall was within 30 minutes. CNGJ continues to churn out volume like tomorrow isn’t coming trading over 13MM more shares from a range of .015 down to .006.
Let’s recap:
About 1MM shares traded .009 to .01
A week with almost no trading
Price spikes up on a few hundred thousand shares
About 1MM shares traded at .03 to .04
Price drops from highs to sub penny in less than an hour and share continue trading by the millions.
Largest “off-the-chart” volume day ever for a stock that went a week with less than 10,000 shares a day average.
Yep, no manipulation here. Heck, she’s jest settin’ up fer a run to a dime. Late print: a verifiable buyer or a late file from earlier in the day? Just another day in the boiler room – I mean office.
LMAO !!!!
Here's a theory: After bottoming out the end of January and February, a believable rise in price is "created" culminated by a quick pop through the 50MA to capture alot of attention and speculation as to deals. The rise clearly gave someone(s) a opportunity to dump into. Their only mistake is they were so stupid and greedy they threw all the shares out there at once. Thus, the PPS after only minutes was back to Jan lows.
Only thing that will bring buyers into this now is real news.
Too bad CNGJ. Has the look of a classic P&D. Time will tell.
Had some good gains yesterday gave 'em back today. Life in the fast lane. On to the next play.
Cheers
MrBigz...likely given the area, adjacent reserves and their focus. But the Sudbury Basin has enormous mineralization:
Sudbury sits in a huge oval-shaped depression in the rocky Canadian Shield. This giant crater holds one of the Earth's richest known deposits of nickel and copper.
The Sudbury Basin is 100km wide and 15 km deep. Most geologists agree that it was caused by a massive, 10 km-wide meteorite, travelling at 75 km per second, slamming into the Earth's crust about two billion years ago.
I've been waiting on news from here and Chile since January.
GLTY
Yeah, and when this game is over and it looks like it's basing, I'll be hoovering more shares. Thank you sellers - I'm very patient.
Doubloon agreed. There is a sizable mine (Koidu-Sefadu) but it's
far to the southeast of this district. Not to say that there isn't a possibility but SGCP won't need speculation. There is production. And with AU prices where they are, well... said it before...buy or cry. CNGJ is about to pop just on deal rumor.
So if SGCP comes out with follow-up news of equipment in place to enhance production, up we go. JMHO
DD
Been holding this since the end of January. Gold deal?
Oh yeah, I'm aware ;)
Made most of my buys under $.01
Read reports and Googled district
while watching metal markets.
GLTY