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Nice close, just added more today.
Well, I am leaving for vacation this afternoon, will be back in two weeks time. Expecting to be in the teens when I come back...LOL
One MM at Ask left in the 0.03s
Next is 0.04, 0.043 and then 0.06. When we started this morning we had 4 MMs on Ask; All in the 0.03s
Now 5 MMs on BIDS in the 0.03s and just ONE Ask....
Looking good... :)
Yes, another bid uptick...Last chance to grab cheapies in the 0.03s imo.
Bid UT, Strong bid support, thin ask
When you have fall on low volume, bottom is always indicated by where bid support is located. For days, we had 4 or 5 MMs sitting on 0.03. When we finally touched that level today, Bids start UT'ing and we'll see the beginnings of another uptrend.
Saw the same thing happen with PLRS. Had the same fall on low volume, hit long time bid support at 0.015, then went on a run to 0.08.
4 MMs on Bid, just three on different asks until 0.06
0.034, 0.035, 0.036, then ask jumps to 0.06. Very thin. The threes could probably be taken out with a couple of 100K shares.
Less than $20,000 traded in ALRY today. Very low volume, indicates than any selling is just impatient sellers. No dilution as all MMs on Ask is regular retail, not Shorts/Dilution MMS like CLYP. This will go up fast once we get some volume.
Whoever dumped the 1.5 mill+ shares yesterday ruined our chances for a Golden Cross run. The bid was tightening perfectly and it was ready to go when this individual starting selling.
At this point, all you can do is hope for a bottom formation and wait patiently for another uptrend. The chart/technicals are not looking good right now.
Well, it looks like we finally hit our bottom
I am guessing these bargain prices will be in place for today only though. Consider it a one-day fire sale. I still believe 0.04s are just a few trades away.
No doubt, I'll be buying more as well
This is a screaming buy at these prices. We'll be sitting pretty in a few months from now with summer driving season and oil hovering near $70 or higher per barrel.
Agree, Level 2 indicates positive trend reversal
Should be a good bounce, with no real resistance on Ask.
Remember, ALL O&G stocks have tanked recently, including ALRY. This is not a trend specific to ALRY, but the overall trend hurt ALRY despite its fundamentals which remain better than almost any other O&G out there in the penny market.
I expect a across-the-board reversal very soon (perhaps as early as tomorrow), and ALRY is better suited for making gains back than any other O&G plays; including HMGP and NVMG.
Level II looks set for 0.04s tomorrow
After taking out 0.037, there is only 3 MMs before 0.06
No CLYP on the ASK, so no dilution
Virtually ALL O&G plays have been going down across the board the past week; but not one looks better for a bounce than ALRY
OT: It is a place in the Alps that I usually go vacationing/skiing in the winter. It is located in Bavaria/Baden Wurtenberg area. They had the Winter Olympics in 1936.
Actually two towns; Garmisch & Partenkirchen that were combined into one last centurty. Real beautiful place, you should go visit sometime. :)
Done x 3...Wow, tons of less fluff out there..eom
I have live L2, and last official trade: $0.037
Why are you upset that we closed better than most any other O&G stock today?
Claiming to know the market so well, so must be aware of afterhours settlement trades???
Official close at 0.037 - Happy with that
considering that:
NVMG -21%
HMGP -20%
RGNO -19%
We held our own quite well in a difficult day for the market in general. Expecting a across-the-board bounce soon, with ALRY leading the way.
Better than expected today. 0.04s tomorrow is likely given Level II.
Like I said, once 0.037 is taken out, next stop is 0.043
One MM @ 0.037, next at 0.043
Seems like we're poised for a bounce
Holding steady, DOW recovering now....
Might see some end of day buying here as in the past. Once this bounces, it will bounce fast imo.
Not a good days for O&G plays today
Lots of irrational panic selling - I think ALRY, NVMG and HMGP will be back up again tomorrow.
All O&G plays are down today
HMGP, NVMG and ALRY
As oil is bound to rise back over $61/barrel, so are all these plays. And the one most undervalued by far of these is ALRY, with strongest potential for huge gains back.
If you sell now, you're just playing into MM games and fearmongers' hands.
Impatient people selling, that's it
No CLYP on ask, so no dilution/insider selling
Very low volume, so no shorting/dumping
We're at market cap of less than 1.6MM. Heck, you could buy the entire company for less than they actually produce in oil/gas in 6 months time.
If you believe this is undervalued, then don't sell.
Only 4MMs to 0.06
Like I've said many times before, it won't take much for this one to go back up. One PR would do it.
You only loose if you sell.
I smell a close above 0.04
Energyman is just trying to scare people into selling.
This thing is so undervalued right now, I wouldn't be surprised if we see a 100% up day on heavy volume.
0.06 by Friday? Wouldn't surprise me at all
This has gone down solely on momo players selling. Very little volume in the last half of today. Turnaround will come either tomorrow or Thursday.
$1.7MM market cap for a oil and gas company with these types of leases/existing production? Give me a break! This could quadruple from current levels and still be dirt cheap.
People thinking they can get in lower are dreaming. I know for a fact several larger O&G players who are watching this closely, and will buy in sooner or later.
Don't scare the newbies into selling
We know you want to buy cheap shares, but to encourage people to bail is a self-fulfilling prohecy.
Stockbandit here just admitted he bailed for a 40% loss to chase/invest in another stock. People "bailing", dumping large quantities at the market price is the reason for the recent downturn, no dilution or certs being sold.
I still believe we'll be up again tomorrow (usually two days down is followed by an up day), but if people follow your "advice", then we might see another red day.
I don't care, because I am here long-term. This is an INVESTMENT, not a momo-trade. When ALRY hits $0.20 or higher, I might consider selling.
I know ALRY is worth MUCH more than it current market capitalizion of $1.7MM...
Agree, and that will come imo
PRs on leases/current oil production will be enough to send this thing flying. I believe Larry is aware of this, and that he has few aces up his sleeve for the PR department.
P-A-T-I-E-N-C-E is the word of the game here
Ok, +33% it is then
LOL! Well, I don't really care what the weekly gain/loss is, what I DO care about is where ALRY will be in a few months to a year from now.
I think then adding a couple of zeros to my abovementioned prediction might be in order.
I think we'll close up + 10% tomorrow
We'll see who is right...LOL!
In any case, ALRY is due for a bounce and I don't see much downside on Level II.
Classic breakout pattern here
Wound so tight right now, with improving bid support and weakening ask on level II.
This is about to start running again, no doubt about it.
I wouldn't worry about certs
We haven't seen heavy volume, just a few sellers in the early a.m for the past few days. Impatient momo traders imo, nothing more.
Level II is thinning out (even more so today than yesterday), it looks primed for an upswing here. Touched lower Bollinger Band today.
Golden Cross imminent on NVMG, O&G Play
Just an FYI
Down on low volume, then shoots back up on even less volume
Well, at least we know the float is minimal, and this will go just as fast up. No worries here.
We need to get the volume going to push us higher. Hopefully Energyman and myself can help in that arena a little later today and tomorrow.
Hey, save some shares for us to buy as well!
And don't drive the price up too much... :)
I am thinking of adding more as well if my funds clear by tomorrow. Maybe I will wait until Wednesday.
Not everyday you can buy a $1 stock for just $0.04/share
I wish your dad and family the very best
You'll be in our prayers.
Golden Cross only applies if 50 dma is rising above a rising or flatlined 200 dma.
I didn't see this happening in BUGS, so thus no effect and its not representative of the Golden Cross rule. Remember 200 dma cannot be falling when cross occur.
In NVMG however, a true Golden Cross is bound to happen later this week.
I repectfully disagree,
You could argue that HMGP was way overbought when Golden Cross occured with RSI well above 70, and NVMG with RSI at (BUT ABOVE, which is not negative but positive) 50 is in a better position for further gains. Same goes with CMF and other indicators.
NVMG will go with Golden Cross regardless of news, but of course news could accelerate the increase.
Churning continues...With slightly tighter range each day
Today we didn't even see the 0.01 or subpenny bids of the past few trading days, good sign imo.
When volume increases, watch out above. Level II thinning out as well.
Bollinger starting to tighten. Someone
snapped up 300K+ shares in the last 10 minutes of trading today.
Obviously a lot smarter than the fool who sold this morning.
Should be some interesting weeks ahead.
Boring day...Sure a good day to pick up cheapies though!
I think I can speak for most longs here: I don't care if the price is 0.03 or 0.08. ALRY is worth many times either figure, and we're just waiting for the market to catch on to our little gem in the making.
It will happen soon enough, we just need to be patient.
Looking good today, about to move
The setup for Golden Cross is perfect.
LOL! Looks like we're back in the 0.04s already
The ask is paperthin, doesn't take much to move this one. You don't want to sit on the sideline when this one decides to take off, could easily make a huge move in a day on a million volume given the float.