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I have also sold out at the 1.20 level and am waiting until I see the drilling plan before I decide if I will reinvest.
Back above 1.10 today. Back above 1.20 tomorrow?
My apologies for not substantiating my comment.
In the Q2 conference call both Caminos and Lawal referenced the possibility of having a material announcement by the end of the year.
I have forgotten how it was phrased exactly but it left little doubt that they were talking about further exploration in OML 120/121 with their partner Allied Energy. No specifics were given and no mention on if the target is going to be one of the other sites or if they are going to continue with the original plan of putting another couple wells on Oyo.
I think investors would be most satisfied with exploration on the Ereng site which has the largest reserve estimate but I understand wanting to fully develop a field you have a feel for before heading into a new project.
I believe the website has the conference call saved as a webcast if you are interested.
Depends how realistic the rumored new drilling program is in Nigeria IMO.
I think rumor alone should bring us back up in the $1.50-$2.00 range by EOY but if it goes much beyond that without a material announcement we are going to cool off again.
The company has fairly good structure and good assets but needs a clear plan to cash flow profits.
If we can get a drilling program announced or book gas reserves in China then we could get back up into $3 fairly quickly. Beyond that I shouldn't speculate.
Looks like you are going to get your shares under a buck Porter.
You have Greece to thank for that.
Significant after-hours volume so far today.
Over 70k traded between $1.1028 - $1.1112
It is always good to be skeptical, make a stock prove itself to you, and follow your own rules when buying and selling.
Good Luck to you.
I don't know that you will have that opportunity.
1.08 has held strong today as a support line and technically speaking if anything was going to break it, that should have been the sales volume at EOD today. Instead EOD couldn't even touch the 1.08 because someone put a large buffer at the 1.09 and hit the 1.10 with matching perhaps even overmatching buying volume.
Two items to look for next. We were capped at $1.16 for the majority of the day. We need to break that to know that we have absorbed the majority of the profit taking volume. After that the resistance band hovering somewhere near the $1.19-$1.22 should have reformed. We will want to break that also to confirm positive trending.
A few days ago we got press as being one of the top twenty performers since the beginning of October in the Russel 2000 in a piece talking about a bullish trend for the small cap sector.
http://www.cnbc.com/id/45020955
I'd say that along with recent investor conference presentations and the hints of a drilling announcement by the end of the year by Kase Lawal would be what is driving this appreciation.
I don't have any official numbers but the sales estimations I am seeing say roughly 300,000-400,000 in February and so far in March around 200,000-300,000 have sold.
One thing interesting to note is that earlier in the year the Wii was where most our sales were coming from but now we are seeing a surge in sales for the Xbox-360.
As I said, these are unofficial numbers sources and you should not take them as concrete.
Q1 numbers, upgraded guidance, Feb Sales in, Zacks upgrades COOL
3/8/11
Q1 results announced, Majesco raises FY 2011 guidance
Silly.
This whole week we haven't had a trading day with more than 6 Mil volume.
You have to go all the way back to June 4th when this stock was sitting at .0017 before you get another trading day under 6 Mil in the trading history.
We are bottomed and no share amounts of consequence are being released. Anyone picking up shares at this level is picking up the closest thing to a sure bet that exists in the penny market when you know the AS is frozen for 9 more months, the OS is near max, and the company is planning on unveiling material events in the coming month.
I don't see a .0062 close. I have .0065 as a final for Scotty.
We have traded over 50% of all free trading shares over the past 5 sessions in a channel of .0048-.0091. Median value of this channel set is .0069.
As volume continues it will become harder and harder for pps to resist the median value of the current channel unless a statistically relevant number of held shares are distributed or diluted. No dilution has occurred according to the TA since the letter freezing the AS for one year effective July 15th.
Good night all
That 200k at .0065 is the first sell in over an hour. Rebel is right. Bottom is in.
3 Mil more to go until we have traded the equivalent of our 85 Mil Monday. Trading range for before that sits right where we are now (.006-.0068). On a 'volume only' basis it is time to grow.
You see that ask pop up to .0084 and then again to .0082 when .75's and 76's held?
One player trying to stall the run with a handful of retailers profit taking.
Run isn't over. The majority are holding here.
Thank you
Anyone with level 2's how deep is the ask at .001?
Who is this Heather Greenwood and how is she related to the company?
.0014 .0016 .002
These are our short term resistance points that need breaking. With the RSI so low the .0014 and maybe the .0016 should go easily. .002 will be the first true test.
I hear BOB'S carpet has great shag!
It is Friday gentlemen and MM's have obviously decided not to move today. Lack of volume suggests that some MM's have been restricted from further shorting until the position clears but that is a personal assumption. Bid sitting, while not increasing the pps, does prevent MM's from sucking all the bottom shares which in turn will help our cause when they are forced to cover.
My suggestion for those who are having trouble watching this becalmed vessel log out and have a good weekend. The wind will be blowing hard here soon enough.
Lets put another white marubozu on the chart again today guys.
Looking sweet here. 50% above bottom and still well controlled on bid with no sign of shorts covering.
lol
That T trade says a lot right there. Moving on up the chain.
Looking good this morning. Building steam for the next breakout.
Beautiful
To add to that..
Wyo,
I already have one contact in with FINRA, based on your conversation with them do you think it would be beneficial for me to push for further contact or would that be detrimental to our ultimate goals?
Great job wyo.
You got the gears moving. Only a matter of time now.
I expect to see volume significantly higher than Friday's trading going into next week due to our exposure here at Ihub, with hotpennystocks, the guru, etc.
Between us and FINRA that naked short is toast.
Yes a green close on less that 10 mil in volume is telling.
We are moving forward against stiff resistance but you and I both know that resistance can only stretch so far before it rebounds on itself. Very good things ahead in the near future here.
You work the chain until you find the weak link, my friend. This short will be forced to cover.
I got a written response from the SEC
Another step forward
I finally got through to a voice at the SEC.
He wasn't able to help me himself but confirmed RNWF was on SHO and promised to send the information regarding RNWF 16 days on 3210 and my contact info over to the enforcement division.
Small progress but progress none the less.
5 Mil T trade? I guess we know what broke our morning momo now.
We will still be on SHO tonight.
I am surprised our morning momo got killed so easily but it doesn't change the underlying fundamentals of this play. Makers are running out of time and a steady core is holding the shares they need tight.
Today it seems was not our day, but it comes. Our day comes soon.
Now that we have touched base at .0018 I would expect a close today in the .0023-.0025 range. A good base will lead into continued price action tomorrow.
No, just a disgruntled trader who lost money here a couple weeks ago.
We have caught back up with our one minute trend line...time to move up and test the .003 again.
You were the one pursuing the reverse merger rumor brook, not us.
We have been here from the beginning for the short squeeze which we are now seeing the beginning of. Put a little coin in and we will show you how to play the pinks.
lol
hi brooksartest.
Hear anymore rumors about E-ON you want to share with the board?
$1 minimum...isn't that what you said we were looking at here within a month just a couple weeks ago?
Get ready folks.
The chart is primed, the indicators are green, the emergency breaks are disengaged.
We are about to fly.
I now have multiple messages in to both FINRA and the SEC investor help and enforcement divisions regarding the lapse of the grace period on this stock. We move soon.