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Lowman....thanks for plug.....I'm honored!!!!!!But my sell was based on a strategy that I decided to long ago based on an apparent chart pattern that was developing.
Actually I was thinking .40 but a good hemi board member enlighted me end of last week that a more realistic area for a handle to develop was better ~.35. After doing some intense hemi studing this past weekend, I lowered my target to .345
Right now, like yesterday, I am trying like hell to grab a few additional shares in the .28-.29 area, so far 5k has filled.
Plastipunk...
If this Hemi all goes according to plan.....instead of Jed as the name it will be ......................
"come listen to a story of a man (or woman) named (put in HMGP shareholder name)"
Kels
Just what we needed...letting off a little steam!!! We don't want to blow off the top just yet....but my gut has this butterfly feeling........ its a coming, there is oil in them leases!!!!
RSI has subsided to the low-mid 70's....with a bit of handle starting to form from a chart perspective (this maybe a very short handle or step call it what you want!!)
Forecast: The RSI is getting into postion to handle an indicated update PR from Hemi.
Kels
Yup....the remainder of the month should treat HMGP well and I believe NVMG will also get good treatment this mointh from these levels.
No more "tweek" trading with HMGP at this point, I am now into the longhaul....and will shift any possible swing trade potential, although only a small portion of my overall NVMG holding will be involved, to NVMG as the pattern develops.
Still working in our favor is the short term oil demand story. Todays oil and NG numbers should be interesting.
"Baby its cold out there"!!!
Kels.
Thanks for the insight and in depth view (the charts)....I also agree that the 2 senerios you describe are very likely ones for HMGP.
Good chart stuff to share with the board.
Kels
Yes this could be a huge positive going forward factor to the bottom line for drillers and lease holders such as NVMG,HMGP,AMEP, etc.....
Kels
If only we all had that insight.....hell.... we wouldn't have be on these boards!!!!
But yesterday was a great opportunity to add on (double-up) to a NVMG position. I did and it makes me feel better after my initial Friday purchase share price ~ .057.
Kels
Take a look at HMGP to help out
Kels
I agree although possibly tommorrow there may be a few stragglers....but.....fingers crossed...clear sailing from here. I too like the potential and NVMG story that is developing.
Hey by the way, there has been a calling for you from the HMGP board members...interesting day over there as well......for me a great Hemi day as I completed my short term holding strategic move.
You did...when Hemi breaks .40...it will be off to the races. I remember back in Jan when DD was first indicating based on technicals that HMGP would be >.30 by Feb.; back then HMGP was ~.15.
Now DD based on technicals is indicated HMGP >.40 by mid-Feb.
The Hemi story just keeps getting better and better but the best is that Hemi is actually performing and achieve these indicated levels!!!
Kels
So do you now buy onto the Cup & Handle or the continuation of an uptrending staircase for Hemi?
From my perspective I achieved my short (swing) trade today from what I had planned on back when HMGP was <.20 for that matter from my original buy @ .055. I was able to complete my swing trade today and increase my number of overall shares by 27,000.
Now I am right back with all my HMGP original share # holdings in for the long-term except my net 27k gained today becomes my play (trading) money for hemi and the chart action.... long term holdings are tuck away until at least $1...unless a drastic change occures.
A quick plug......I have been hanging out with Lowman over at the NVMG board. This puppy has some of the same characteristics and potential as Hemi did back @ .05. A bit different than Hemi, but very interseting to say the least.
Kels
So me see...... are you implying that the "back end of the W" means that we are going back down to the lower front of the W????.........but what anout the middle of the "W", shouldn't it be lower that the front part of the higher "W" or maybe this is only a "V"?????.................................... man you are getting me confussed!!!!!!
I'm keeping my Hemi choices simple "cup and handle" or uptrending staircase....these are easier to visualize.
Bring it on...I am again locked and loaded....and ready to go
DD I too appreciate the info that you provide on this Hemi!!!
Thanks.....but simply speaking...this was my strategy from the beginning, although I did adjust downward the amount of my "short term" shares I traded to only cover my "seed" money when I sold @ .345........quite honestly, the way HMGP has been moving I was not sure if .29 would ever fill at the time of the sell.
Believe me I have learned to many times what can happen when you change a plan mid way thru.
Bottom line: A profit is a profit is a profit is a........
Kels
Lowman is helping out on the NVMG board...quite a hiccup occurred over there yesterday!!
I hear you that is and stick with it......that why I say "Stick to Your Strategy". Listen to the boards for information to help understand but practice some of the boards recommendations and it could be the a kiss of death.
FYI just confirmed........ reloaded @ .29
I said this too when Hemi was ~.20, a handle to possible form~.40, but then I was corrected by a boardmember that ~.35 is more appropiate for this handle based on volumes back in June at this .35-.40.
In any case, HMGI seems to have hit .35-.36, top of the cup, and now has pulled back to .30-.31. I did sell some @.345, man it was like a root canal selling, but now seeing this level I feel ok.
Moral to my story....stick to your strategy. I said I would unload a few at a point that I thought a handle would form, (initially I thought this to be ~.40, but was corrected to ~.35) and then buy back if possible at a lower entry. Well its here...now the question is when to buy back? I indicated that I would buy back at the time .05 lower than my sell..bingo .29 is currently on the bid!!!!
I just love it when a plan comes together.
Kels
Handle of the cup starting to form, or is this area another churn in the step up the stairs?? Should find out this week...stay tuned.
By the way Oil is closing in on $60 and the artic blast continues to strengthen throughtout the northern and eastern part of the country!!
Kels
Totally off topic, but it is relative, same kind of trash talk that he (Floyd) put out there regardng NVMG; take a look at the comment Floyd threw on the NVMG board this morning.
Looks like he is trying to stir up the Hemi's as well. This is the area (PPS ~.35) that all the stops will be pulled including throwing the kitchen sink by those who have no interest in the long term or fundamental story behind HMGP. They know this is the last stance (from a chart perspective)...get thru this area and away we go........I still think that news supporting the some great info (leases, potential revenues, current production) will be released this week by HMGP.....the timing is right for this to occur.
Kels
Just got caught up on the day's event...what a wide ride.....being Zepplin fan I never did like Pink Floyd very much.
First I notice that my buys were triggered today half @ .003 and the other half at .0026....helps bring down my cost average after Friday's equal overall purchase @0.0057...so Floyd if you were behine this drop..........thanks.
More to the point....this is a pinky and this is what you can expect day to day with a pink sheet stock. One post I read sums it up quick well, what is the difference today with the fundamentals of NVMG today than Friday??
IMO nothing it is still out there. The outcome to all of this is simple.......either you will make a buck with NVMG or like a shooting star this will go down in a flame of glory.
I'm into it for the buck, and I would take the opinion of Lowman any day of the week vs a timed and "for my interest only" opinion from Floyd.
Same here, open my position Friday 50% @.006 and 50% @ .0055. If this pans out with all the positive info and potential behind it....even .01 purchase will be a great deal
Kels
Its human nature....taking a defensive posture....and your right about HMGP it is not your typical pinkie......
First I will admit, I"ve been burned before (and probably will be again) by the traditional pinkie stock...but Hemi is not your standard pinkie; time and the increasing PPS will prove it.
Believe me I am on board..hook...line........and sinker.
Kels
jsc52033........You bring me right back to where I was on Friday and re-evaluation of my strategy for my "short term shares of Hemi" my long term shares stay for the haul.
The chart shows a strong indication that a classic cup and handle could form ~.40 but during a discussion yesterday, I stand corrected, a more correct level appears to be ~.35.
The next question that I am pondering is:
Will this ~.35 area be another step where it will churn (flatline for a few days as has been the case since Dec. during this uptrend); do we get the classic handle with a FIB re-trace (opportunity to buy back and increase shares) or does the Hemi blast right through?
I just may sell only the amount needed to get my December seed money back in this area and then let it play out.
By no means am I complaining, this is a great place to be!!!
Kels
Youthink...methink...we all think the Hemi way........the question is..... will the MMthink the same??!!!
If they know what is good for them, and usually they do.... I too believe that they caught on in week 7............LOL
Kels
This is going to be a week with a number of factors that are in play to influence HMGP, sooooo........I'll take a shot.... following factors for this week:
1. HMGP >.30, Oil >$59 and....Coldest air mass to hit the Northeast in the last 3 years, at least where I live....Wind Chill warnings are up thru Tuesday, predicting wind chills to be -15 to -30 at night and actual night temps to be <0, and I live on the coast where the water temps are still in the low 40's. when I woke up this morning is was 27, now it is down to 18 and the sun has been out all day. In addition, this artic blast is here for the entire week at a minimum. The Midwest is getting this blast now , so will the Mid Atlantic states and the Southeast. Gotta ask the question does oil and NG go up this week? I say oil back over >$60 and NG >$8 at least this week.
2. The golden cross has occurred. no need to elaborate...this speaks for itself
3. HMGP news/updates are due by mid-month..you know if this potential news has any positive surprises or better yet confirmations on what has been dicsuss on this board...well look out...... MM or not!!!!!!
4. The chart pattern - This has been tight and well controlled since the uptrend began in Dec. Again no need to elaborate..this also speaks for itself.
So...does the above assure no game playing by the MM's this week...NO..but they too are smart and read into all factors way before you and I. Personally the run last week from .195 to .30 IMO were also some of the MM's unwinding, bottom line even the MM's know that this is a powerful freight train in motion and are aware of the positive and potential explosive factors of a well tuned HEMI!!!!!
Kels
LOL.....don't forget the PIMP....If you can read the PIMP you can play the game...and just maybe make a buck or two!!
Kels
Lowman I hear you loud and clear. I stand to be corrected, so far in the NVMG case it is the float rather than the o/s as you describe.
But I still see a fork down coming down the road for NVMG regarding this float - o/s issue and I too hope that the business plan and model selects the direction that allows NVMG to take advantage of this potential opportunity in favor of the shareholders.
I wouldn't be on board NVMG if I thought any differently.
Kels
MadDog....bottom line.... plays with strong fundamentals should absolutely NOT BE i/o (in and out)trades. At this point NVMG is in this group of strong fundamentals for positions to stay the long run and let the story develop.
Initially, I started with UPDA as a long term hold....made some $ and then when the PR release / printing press float game began; I closed my initial long position took the profit and decided to play the i/o trade with UPDA with a day trade mentality. If you follow UPDA, the PPS goes hand in hand with PR's in the AM, followed by PPS drop at after the open (start-up the press), then a strengthen PPS at the end of day....UPDA cycle starts all over again. Who knows if UDPA does execute their plan then at least I have some skin in the game....until then if this current strategy continues to work...so be it.
Being new to NVMG and reading your posts as well as Lowman....I agree that NVMG is a different animal than UPDA and absolutely the i/o or day trading strategy is not the way to play and maximize any profits.
As I said I agree that NVMG has the potential to be an excellent long term hold that can deliver the Hemi type of returns.
Kels
Strictley speaking and I agree 100% about your assessment about UPDA. It is not for anyone who want to hang on to as a long term hold!!!
My only winning formula for UPDA has been In & Out & In& Out& In & Out.............
It is my one true day trading stock that lets me play the game and so far Outs have been greater than my Ins.
Kels
Lowman thanks for the insight and information.
My perspective was coming from currently being a holder of both HMGP, UPDA and now NVMG (for the record opened a position in AMEP back in Dec 06 too).
Regarding HMGP and UPDA, my experience has been; well lets say, the oppositie end of the spectrum. HMGP is low float and tight supply while UPDA is a growing high float and loose supply, hence the PPS performance over the past 2 months speaks for itself for these two O/G plays. NVMG is at the beginning of its evolution regarding current PPS and potential float. IMO opinion there is still a fork in the road that NVMG will approach concerning how its handles the growing O/S.
I agree with your assessment. The information that you provide has always been accurate and in the best interests of the board members (good or bad).
IMO these pinky O/S plays can change on a moments notice with an outcome that can create a huge winner (did it with PGPM, PAIV) or go bust(PAPO was my recent one, knock on wood UPDA has been good to me) in a heartbeat. I have been there in the past and expect to be there for the future outcomes.
That is why these type of O/S stock plays need information from all perspectives and experiences at the start of its development to allow one to make their own decision; otherwise as the story gets out and unfolds the integrity of the information begins to get deludied (the bashers get involved and the pump and dump can begin).
Yes it leads to either the agony of defeat or the brilliance of owning a Hemi...... whoops I mean victory!!!
Kels
The development of up trending staircase, as HMGP, would be great but NVMG has a different twist behind it. IMO the trading pattern characterists going forward maybe more of a hybrid between HMGP & UPDA and a bit volatile as well.
On the down side, with the float of NVMG @142M and rising it would not surprise me to see the printing press affect to some degree going forward. To what degree the factor will be; IMO depends on how NVMG handles and distributes the growing o/s. UPDA is a great example of this affect on a PPS.
On the upside, NVMG is uniquely positioned with leases in areas that have huge potential; as HMGP and a business plan that is ready for execution in the short term. In addition, the current PPS is way undervalued.
IMO I anticipate a chart pattern more indicative of an uptrend that is 2-steps up for every 1-step back with some volatility.
I picked up the NVMG following last week from the HEMI crew on the HMGP board.
As of Friday I'm in for 500k (shares)....this has the smell and appeal that HMGP had back in December.
A little different twist but the basic fundamentals are there for an O/G play.
Kels
Yup...Being a Zepplin music groupie in my younger days...in my book this is known as "The Stairway to Heaven".
HMGP as been doing this since December and classic at that....which is why I am now leaning away from my earlier thought that a Cup and Handle was in the making as .40 is approached.
This is why this board is has been constructive, its the information, insight, and feedback that one gets from all aspects of the HMGP business model and plan.
The more I look at this the more I am believing that HMGP hits the .35 -.40 area very soon (possible next week??) creating every reason why a Cup & Handle should develop and then.....BAM..out comes the news and/or the production results (PR's).
It is February , HMGP is >.30, the golden cross occurred Friday and indications are that we get an up date by mid -month.
How much more writing does one need on the wall?? This has been the script, insights and indications from many contributors on this board have been involved with these discussion........
......You know who you are....
......So to that I say thanks and a job well done.
Kels
Point taken.
One of the areas that I am reviewing this weekend is the HMGP daily trading activity during May - Sept 06, (i.e. volumes, daily prices ranges, the tech stuff). In fact there appears to be a H/S hidden in the chart when you look at May - June - July.
What is interesting about the decline June - Sept. is how volite the daily price was during the decline, it was all over the place vs. in this current uptrend the daily price is in a tighter and more controlled range, again supporting what many on this board have said; the current long term holders commitment to hold thier positions. Also, the amount of >1,000,000 volume days in this uptrend are far apart, in fact the last 1,000,000 volume day was 1/19/07. IMO another good indicator currently in place.
Oh well, at least I have one more day to continue this deduction process. As I said earlier, as many on this board have done in this run...take the seed money from December and let the rest go with the flow.
Kels
Some very interesting perspectives this morning about HMGP recent week. Just last week alone HMGP was up 59% (.195 - .31). This will open the eyes to those sitting on the sidelines this weekend.
This upcoming week will be an interesting one; glad it is the week end to sit back and try to figure out my approach for next week.
The HMGP chart is taking on a wonderful and classic cup but the question is will the handle form as HMGP approaches .40 and then 1. Churn at this level; 2. Form the classic handle with a small FIB re-trace; 3. Just bust right thru and continue the move to $1 land. I might just compromise and take out the seed money only ~.40 for my entire current position.
Yes the Stewart concert was a good one, HOT LEGS all around, (not to mention a few groupies that had no legs at all!!!), but the blond Sax player that Stewart has in his band was an absolute eye popper...legs and all.
Kels
Absolutely Incredible...
What a great week. And what a great way to end the week
Wife's birthday today...taking her to the Rod Steward concert tonight @ Sun Mohegan...you can bet tonight will be good food, good friends, good entertainment and no current worries with this pinky!!
Then the weekend to re-visit, re-research and review a strategy that I have outlined since HMGP was .135 for my short term hold position. My long term stays for the entire ride to >$1.00 providing the story remians. My weekend question is do we get the Cup and Handle ~.40 and if so is this a play. My new concern is this tight supply. To me a true cup and handle play for HMGP would out .39-.40 and then back in <.35 for this position as an attempt to get more shares for the ultimate move.
This is my problem but MAN what a great problem to have and to think about over the weekend!!!!
Congrads to the all the dedicated longs that have held tight.
Kels
More fundalmental support for the short term.......Oil up to $59.00 and next weeks weather for the Notheast, Mid Atlantic, southeast and Midwest is the coldest Artic blast of the season so far!!!
Hey I live on the coast here in the Northeast and already the weather/news in my area are telling people to prepare for sub -0 morning lows for early next week.
And that is with the ocean temp still in the low 40's
Kels
That is an understatment, although my core position is not quite at the starting point of Lowman, I have a big slice/ position that I pick up at .052.... man this reminding me of the show...DEAL or NO DEAL....... after each price step up with HEMI.
I just hope that the right suitcases keep on opening as we move forward!!!
Agree....a couple swipes @ .30..... along some good volume today .27 -.29...close .285 - .29 .... would be a great way to end the week...for a set-up next week into the .30's
Kels
And just imagine what the chart may look like if the anticipated Feb PR indicated back in Dec - Jan. is timed with the up coming golden cross which is imminent and will occur over the upcoming days.
Kels