Replies to post #476 on OMDA Oil and Gas, Inc. (OOAG)

[andrius]

and heres TCs weekly post on Sunday, 2 days after he found out Baron was looking to get rid of his 60,000,000 shares and QUICKLY. A prediction that OMOG will be turning around within a day or two? Then a note that it'd be nice to accumulate OMOG another 20-30% down but it wasn't likely to happen? Wasn't likely to happen right as 60,000,000 shares were about to hit unsuspecting shareholders? Is that why we went down over 50% from that point? He even had enough integrity to tell us it was the work of shorts.... RIGHT AS HIS BUDDY WAS DUMPING 60,000,000 LONG SHARES. It wasn't shorts taking your money, just a shepard herding his sheep.


By: tchauncy
07 Nov 2004, 07:10 PM EST
Msg. 182581 of 185423
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Sorry about the delay in getting a “Sunday Morning” post up. Actually I have been recuperating from a long night of too much Tequila. Only just got on the board about an hour ago and have been reviewing the posts since yesterday morning.

Not much new to add that hasn’t already been discussed re. OMOG specifically. As I said in my post yesterday, we seem to be seeing a continuance of the pattern to “slam on any announcement” that has been going on in this stock for quite some time. Percentage wise, so far, it is not much different than it was on prior announcements. Perhaps it may be a bit more violent this time, due to a lot of clueless “newbies” that came here by way of those several “hot stock” websites that invariably catch “momentum” plays after they have already gone up a few hundred percent. As I mentioned yesterday, I think we may have another day, possibly two, of attempted slamming, but while it might be nice to be able to have it down another 20 or 30% to accumulate more, at those levels, with the fact that in just the past three weeks we have turned over 770 million shares, or almost 100% of the total outstanding, above a penny, I don’t see it very likely to decline much more on this move. The last leg up saw the stock go from around .015 to .037. Normal T/A would suggest, on that violent a move up, a 50% retracement of that move could be expected. So that would put us right at .026.

Now normally, one would expect that type of pattern to happen over a longer period of time. Not two days like we have seen here, so perhaps a little extra downside momentum due to the violence of the move, might be expected. But also, it could bode well for a more rapid move back up from the correction as well.

Since, as I mentioned above, there is not much to add specifically about OMOG, let me touch on two other areas that have come up on the board in the past two days.