United States Oil and Gas Corp (fka USOG)

[The_Pro]

I'm pretty confused about where this stock is headed and it's assessment. I did buy 63,000 shares yesterday to average down, hoping we hit a bottom. I bought based on the strong promotionals going on and the volume activity (that can be attributed to day trading and the MM's boosting the activity volume).

This stock could easily go to $.000x land. I've seen it happen with other companies.

USOG needs strong earnings. Period.

Net earnings/outstanding shares = earnings/share.

Good rule of thumb is 10 to 15 times EPS for a stock to be fully valued. Fund managers are very well aware of this valuation figure.

We (USOG) has losses showing up on what are to be profitable companies. That was the whole premise on buying these profitable companies.