Why are YOU buying? I thought you were against this stock because the TA was gagged?

What is CMF?

what does "natch" mean? and where'd you come up w/ it?

what does "natch" mean?

Don't know if there was a restriction back then as I was not in the stock from .02 to .90. I know that I was able to buy HMGP through TDAmeritrade 6-weeks ago and gladly did so for the LONG TERM (not for flipping or a quick profit, so it really does not matter how long this takes to resolve itself), but then it has been reported by others and myself that as of the last few weeks, they have effectively curtailed all buying of HMGP through their clearinghouse...smacks of cronyism NSS assistance to me. Was only offering up a possibile idea/explanation for the bear raid of the past couple of weeks...

I was mainly just curious to see if there were any other posters here who have encountered brokerage houses or clearing firms (other than TDAmeritrade) that were no longer allowing buys on HMGP. Anybody? If TDAmeritrade is the only one, then I was considering filing a formal complaint and moving my brokerage account elsewhere.

It's kind of hard for there to be buying support to counter the downdraft when investors or other potential buyers are NOT ALLOWED to buy HMGP at TDAmeritrade and/or perhaps other brokerages. Are there any other brokerages out there who are refusing to allow buys on this security??? I tried to buy HMGP again today (TDAmeritrade), but was not allowed. Perfect setup for NSS's or MM's to pounce on the price and slam it knowing that a significant number of long clientele are NOT ALLOWED to BUY. What an unbelievable manipulation and set up that they have been able to bribe certain brokerage houses to effectively negate potential buying pressure!!!

UNFRIGGINREAL...#&*#@*% CRIMINALS!

Wasn't supposed to be oil in the first place, dimbulb. Was a natural gas play from the get go...DUH.

Bullish divergences showing up in both MACD and RSI coinciding w/ new lower price lows over a period of 4-6 weeks...98% of the time in my experience that indicates a trend change and major turning point. The bleeding is finished.

I suggest that you guys saw the low on the stop-loss breach below 20 cents Monday near the close. That should be the lowest you get. Probably won't even trade below .20 today. OR, worst case scenario, you get a new low today around .15 followed by a nice bullish reversal and higher close back above .21 by Tuesday's closing bell preferably on heavy volume.

GLTA...my long position is set and ready to roll!

Here here...a person of wisdom...I concur...

IMhO

It WILL hold .20/.22 (hopefully if u r bullish)...time will tell...perhaps (IF IT BREAKS BELOW .17, UH OH, SPAGHETTIOS)...AND I am for the most part a technical chartist (since March 1993)...that may not apply so much in pinky land, but at the same time, it does hold some weight. I've done pretty well w/ chart reading ability in both stocks and commodities.

The best approach is fundamentals w/ technicals...obviously. Although there are times where the technicals have very little to do with things in retrospect inasmuch as fundamentals can many times be overlooked as well.

I have learned to look on both sides of the fence.

Okay, Badge, then I would REALLY like to see it drop below .20 on a stop-loss blow out so I could hammer in an .18/.19 bid and get filled...knock yourself out. Bring em cheap so I can stack em deep...yeah, baby!!! The more the merrier...

Yup...I am PISSED...wanted/tried to get a limit buy order in for .23 over the past hour and a half and when TDAmeritrade finally started allowing log in again it was already up to .26 after the low of .22.

Man, I am HOT...oh well...I'm keeping the .22/.23 bid in till 2:40ish...we shall see (then I'll probably bump it to .24). I think we've seen the near term low in the interim...PERIOD...no .18...no way, no how. 20 cents is long term previous resistance and now long term support...add 2-3 cents to that resistance/support to cover the bid/ask spread and there (.22/.23) was a FINAL buying opportunity...IMO.

Guess those naked shorters overseas put in some type of virus/bug to the major online brokerages to run it down and cover it and add more w/ their EU brokerage accounts...CRIMINALS...or perhaps I am being overly suspicious. In any case, I am H.M.G.Peeeissed off. Of course, I could have called the order in, but I hate the phone and I love the online interface...Oh well, what's a couple of cents.

Lucky,

Nice post yourself, but please don't make fun of those of us that have to turn in our aluminum for a full tank of gas...heh heh. I just got back from the recycling center...bought more EDEX w/ the leftover change.

Long and STRONG...ready to ride the wave.

J.K.btw

P.S. How's the weather in CA today? Hope you're having as nice of a day as I am out here by the pool in Houston. Have a great weekend knowing that the future is looking EDEXilicious!!!

Geo,

I propose a really easy question that can probably sum up what's on everyone's mind without having to type a bunch of responses.

On a scale of 1-10 with 1 being least positive and 10 being most positive, what would you say your excitement/optimism level is going forward based on the findings as reported in the press release Tuesday in regards to the potential of the MESA project as it stands now prior to actually getting production numbers?

And I'm not going to quote you or hold your feet to the fire, just trying to get a general idea...if you will.

Thanks in advance and glad to hear you finally went under the knife and came out kicking or at least walking with pain alleviated. Congrats and get well soon!

Personally, I don't know why there is so much negativity here. Ultimately, PIP WORKED and it hit TWO zones instead of ONE or NONE...it sniffed out the gas and voila...the FIRST well of many in the MESA GAS field has been completed. No one ever said that this ONE well was going to explode and gush the entire contents of the overall field. It is just the first in the beginning of a multi-year effort. I'll be buying more first thing in the morning from the opening down gap sellers...4.5 to 5 cents looks great to me. Bring em cheap so I can stack em deep!...TIA.

Possibly Hubble w/ a new pseudonym?...too funny...purposely mispelling your own handle HUBBEL in order to try and avoid suspicion. What a tard. Dude, go yank it at another board.

fair nuff...my apologies...but for the record, I didn't call anybody a liar...I said fibber...slight difference...didn't mean to ruffle any feathers. But I doubt he seriously said in the email that it was "good news" coming...I kind of think that part of your claim was a bit fudged/fibbed...perhaps...who knows...we'll see when the press release hits...

Just got a fill on a buy order at .056. Just fyi...

Technically I would expect the price to come back to .045-.049 today/tomorrow in an effort to fill the gap left open between yesterday's open/low and friday's high. A sell off today would not be unexpected as a direct result of short term disappointment from the expectations built up by the FIBBERS out there who said Tom was preparing a press release for today. Tsk tsk. That being said, I would put in buy orders for the .051-.055 area. Should get a fill at some point today or tomorrow at the latest. IMO.

HOWEVER, if a press release does magically appear today and it does happen to be positive, then I would suggest that the gap between .049 and .050 would hold and go unfilled thereby becoming a BREAKAWAY gap leading to a solid run higher into blue sky. Hubble will have to clean his lenses and mirrors in order to get a good view of the price from there.

I don't know...I'm referring to short selling so I really can't say based on them buying at .15. If they were allowed to short sell at much higher prices then that would give them even that much more of an advantage. Sounds like a racket to me.

Omg! You've got to be joking. LOL...ROFL...LMAO. I was playing the Sims the other day and I spoke to someone on the street corner in virtual cyberland and he told me that EDEX was going to the moon, so I just mortgaged my house and my grandmother's house and bought as much as I could at .065. Secondlife...dude, c'mon...get a real first life.

Tunguska?...maybe they all are related...all offshore foreign accounts which are allowed to naked short sell stocks like EDEX. Boooooo...oh well. My question is why are we locals not allowed to short these types of stocks? Just doesn't make sense why the foreigners are allowed to bear raid and steal our capital when we are not given the same opportunity.

Yeah, and prior to and into the bull run of the past several years, Prechter was screaming for gold prices BELOW $100 based on his little waves. Prechter is out of touch. Gold will probably never be back below $400 just as it has never been back below $100 after the major readjustment in the 1970's. Same thing is happening this decade...gold/silver will forever be catapulted into a higher trading range. Just the basic result of fiat inflationary economic systems.

Better cover your shorts...

Believe it or not, .0008 was the actual low price for FMNJ back in 2005 before it made it's initial run to .01 then .02, then consolidated for a couple of months and then made it's run in April 2006 up to .10-.15 before crashing back down to .04 on May day.

I should remember, I was one of the fortunate ones to pick up many shares in the .0017-.0032 range. Part of me still holds on to the hope that even though this stock is in the .01-.02 range right now, there is still something brewing that will give it legs again soon. There must be something of value in their "plans" that got it up off the floor from .0008 to over a penny and then .02. And back then there were only slightly more than 1 billion shares...now over double that.

I still say this is the "little engine that could" that will continue to slowly climb over the next couple of years. Irregardless of the delays and so forth...again, we are dealing w/ business in Bolivia...slow process. Takes time. FMNJ went sideways for over a year before it popped from the .0008 to .02 and then it's parabolic spike up to .10-.11 (and a questionable trade at .15). Same thing here since last May...sideways between .01 and .04, but eventually when they DO get it together it will run again.

Long term hold and accumulate, IMO. Buy when there is blood in the streets. And with all the impatient whiners, moaners and complainers around here, I would say we are getting close to a bottom. I love the pessimistic tone around here...good buying opportunity MAY be afoot.

William Petty has slightly more than 203,000,000 common shares and 5,000,000 of the preferred shares.

Jaime had a total of a little more than 203,000,000 common shares in Dec 2006. In addition, he has 5,000,000 of the preferred shares. IF he sold off 35,000,000 shares (and I would like to see the documentation of filings that prove that...I looked and could not find it myself) it would represent 17% of his previous common stock holdings and would represent about $500,000-$750,000 in total proceeds depending on the average sale price per share in the Nov/Dec time frame.

With the report on projected revenues that came out a couple of weeks ago, it has become obvious that this company will not be much of a profit producer until a couple of years down the road. It is a LONG TERM investment...not something that is going to do much the rest of this year. Perhaps Jaime sold off a small percentage of his overall total holdings for financial needs through 2007, or to buy a house, or to buy a Ferrari or to get laid...who knows.

Bottom line, IF the rumored sales are true and accurate, he would still have 168,000,000 common shares leftover. Quite a sizeable chunk to prove up his belief in the future of this company.

Looks to me like the stock is a buy and accumulate anywhere below .02. The weak hands and panic sellers should be about puked out and a clotting of the bleeding looks imminent. Doubt it will do much more than go sideways between .03 and .06 the rest of this year, but looking for a test up to .10-.15 once actual revenues start to appear in early 2008 and a move up to .20 sometime later in 2008 or 2009 as they move forward on the GTL projects once financing is obtained.

This obviously is not a short term profit opportunity. I'm in it for the long haul...GO BIG or GO HOME. They've got the potential to go big...but it's gonna take a while to get there. Oh well. Caveat emptor.

I believe you are referring to americano...

and it was 7.5 million shares for marti, not 10MM...

figured you fell off the face of the earth, history...guess your back...lol...oh well, have fun (can't be any worse than having to listen to Tony666 anyway)...heh heh

Kingman,

I bought into EDEX back in May 2006, have followed it and have read many of the posts over the past year (I've been out for the past few months though after selling and losing faith after the last thrashing of the stock price). Neither DD, reading posts nor your curt response answer my question.

You will probably notice that I addressed the question in post #17240 specifically to Geo since he has the most experience with PIP and is the proprietor of the process and GeoSurveys. In any case, thanks for trying to help.

Geo,

You speak of the "many" P.I.P. successes from which you have become wealthy. If you don't mind me asking, and forgive me if this is a redundant question that has been answered earlier in the previous weeks/months, but what is the actual percentage success ratio for P.I.P. in identifying and subsequently drilling production quality holes?

I've heard/read percentages ranging from 30% to 80%.

I'm not talking about percentage success in simply identifying the presence of hydrocarbons, BUT, more importantly, in finding the presence of significant enough quantity and acceptable porosity and pressure that the drilled hole proves up to be economically viable.

Thanks in advance for any clarity.

Foreign newbies...EGAD!

Sounds like a stealth coordinated bashing effort might begin here soon going into the April/May timeframe.

Uh oh. Where's Stabilo???

Be aware of the pseudo-friendlies that turn into bashers later.

Right on! Ditto that.

LOL...spoken like a true champ...

Oh, c'mon. I think you all are giving Tony way too much credit. Tony is not nearly intelligent enough to pull off a bashing agenda.

Tony is most likely just an egomaniac who thinks he/she is important enough to be heard and listened to, effective enough to sway other's opinions and self-proclaimed wise enough to think that whatever he/she is typing is worthy of other people's attention.

But to be honest, Tony is probably nothing more than a pain in the arse...and a pain that is easily ignorable as he/she is continuously redundant in whining and complaining about the same crap over and over and over again ad infinitum. Probably just frustrated from 8-9 months of sideways movement. Probably just a ticking time bomb of a short term trader who is tired of waiting for a profit.

Regardless of this stock going basically sideways for the past 9 months, the FACTS remain that even with dilution and additional share authorization, the stock is up significantly from it's low of .0008 while having gone sideways all through 2005 and still no REVERSE/SPLIT so far...it's a positive sign!!!

Even at 2-1/2 cents this little engine that could and eventually will is still 31 times higher (3100% gain in past 2 years) than it's low, and that is all because of management's "tortoise and hare" routine...and its numerous press releases of the past 2 years keeping some semblance of excitement in the air.

I'd much rather have a company w/ a prolific PR department as opposed to one who only comes out and says something two or three times per year...irregardless of if the PR has substance or not. If we only got a PR when there was something definite or something of concrete substance, you'd be looking at maybe one or two per year, if that. Forget about any tradeable movement in between here and there. Throw me a bone before I starve and some reminders of where we've been and what we are working on and where we are headed, and I'd say that something is better than nothing.

All of the MOU's and intentions and missed deadlines and so on and so forth...who cares...except the short term traders. We're dealing with business agreements and development in an ass-backwards foreign country like Bolivia and others in South America...this is not the United States where their missed deadlines and esoteric dealings would be of more significance.

Ultimately, the stock price is building, albeit slowly and over the long term. Short term wisher/washers and wannabe bashers like Tony should go elsewhere and leave the long-termers here alone to actually INVEST and wait for the long term fruition of all of the "tortoise"-like leg work that has been laid as foundation by Mr. Melgarejo and Mr. Petty. The pay off will come and will be worth it in the end, IMO.

...enough buying to push it to .041.
;->

Here, here! FINALLY, a voice of reason in a crowd of pessimists.

CHANGE OF OFFER: 2600 taken at .06...14,400 left to SELL.

Dropping offer to .055 for 14,400 to anyone interested.

Again to cut out some of the MM's fat. Anyone willing to bid .057 could probably get em. GET EM WHILE THEY'RE HOT AND CHEAPIES!!!

Going once, going twice...offer good until 10:15am CST.

I'm maintaining a core position, but I desire to sluff off these 17,000 shares while keeping the remainder in hand for the coming EDexplosion to the upside when they hit.

Offering 17,000 for sale at .06.

Anybody interested???

...if so, you could probably bid .062 and get em... The sell order should be showing on Level 2 for anyone wanting some cheapies before it heads back up and blows past .07.

Just thought I would make the offer known to try and cut out some of the MarketMaker's cut in the middle.

True, but the flip side is that there definitely isn't any "insider" buying going on, which leaves me less than optimistic.

The higher volume and the lower close will come when the actual negative news PR comes out. More than likely it will be that they hit hydrocarbons, just not enough to be a producer. Hence, the early withdrawal by the few ahead of time who can read the signs. It sucks, but the technical picture on the charts tells the tale. Same song, third verse...