I posted about SWTS but I also was holding onto QOIL. My buddy who has a wife in the oil industry, for a MAJOR corp lead me onto it.
I bought some last week for .42 and sold it yesterday for .60 cents. But it just keeps going up. So I did some research on them and just bought it back, only this time 1400 shares instead of a few hundred (my purchase price was .72 cents a share, just so you know where my personal interest sits). Here's the 411 according to the SEC EDGAR and what info I could find.
Basically it's a company that was listed on the exchange and was bought out by another company to acquire the ticker symbol. They now have 100% working interest in a natural gas/oil field in Canada. Last week they spudded a well and have been making progress in their field.
They have been consistently making press releases on their progress. I did some background checks on the people listed in the company and they do have solid background. Their head person in the field is from Berkeley and is a pretty experienced geologist.
Volume hovers around 3,000,000 shares traded each day. This is also consistant.
Bottom line, with numbers consistantly going up (This stock was at .09 cents), high volume, and regular press releases, this looks like a great buy.
I like this stock because it is consistant and priced really well. You don't have to worry about it dropping 50% in value, it's pretty solid. Just based on that, if there was trouble you would have fair warning and could exit.
However, with all the talk of this kind of stock, this one seems to be holding it's own.
Let me know what you think. I like winners! This is definitely a no-pumper simply due to the volume and stability. Just check the charts and historic information, this baby is going to keep going up for now.
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posted
Alright, hope I'm building some credibility here.
QOIL closed at .802 with 5,831,363 shares trading hands. Obvisouly with that many shares trading hands on a day to day basis this stock is hot.
I'm sure tomorrow will be more of the same, a slight dip as usual and then another 5-10 cent increase in price. Today the price is up .177 cents!
I just got off the phone with my buddy who knows about this stock & company. What he tells me is they hit a natural gas field, as they thought they would, except the flow rate & pressure is about 10 times greater than they calculated. THAT'S GOOD!
So right now they are waiting for a company to come in and help them determine the cubic volume of the gas field.
I'm having a hard time trying to stay calm and logical, because if this is what it looks like, this stock is going to sky rocket!
However, the rational side of me still has a limit sell on it just incase. My theory is, it's going to go up and down a little during the day, and since I have a margin account I can buy & sell as I please without having to wait for my funds to settle.
Also, SWTS, up 13 cents today.
I'm looking for Quest Oil (QOIL) to break into the 90's tomorrow!
It's funny too, because where I live we have really high natural gas prices, and companies like this actually impact us because they can sell to our utility companies. However, this naturla gas field is in Canada, and Michigan buys a lot of their natural gas from the Canadians.
Also, my first business partners family owned a natural gas company for 2 generations out in Deshler Ohio, they bought their gas from various companies too. So it's not like a solo project small time company only makes a little money, if they hit, they have customers all over. Natural gas prices are high everywhere right now.
Considering the hurricanes in the Gulf, where a lot of natural gas comes from, any natural gas stock should be good. However, QOIL is really great because it keeps going up and this just hit a huge natural gas field!
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posted
I totally agree I bought QOIL at .40 sold at .39 MY FAULT!! I bought today at .83 I think this heads to a dollar. This stock is gaining a lot of new investors and the old ones are holding. Watch this stock. It could easily be $1.50 in the next week with a pull back one of these days.
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I jumped out this morning right after open at .84 cents a share.
It seems to dip during the day, so I bought back 2800 shares at 79 cents, then it dipped to 73 cents so I bought 1360 more shares.
This is the perfect example of a daily "cup" stock. It lips at open and close with a dip in the middle of the day. (You shouldn't trade in the middle of the day anyway, unless you're fairly experienced)
It might close a little lower than it did yesterday, but for active traders, this is an ideal pattern trade stock.
It's also a good investment stock too since it keeps going up. Looks like Quest Oil might make some serious profits with their fields.
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posted
This company just won't quit! They just had another press release, they purchased another oil field with 500,000 barrels of oil under it which should yeild them 500% profit. The have the resources to get the field back into full production too.
Likewise, they had an oil blow out in Canadian, which just means they hit oil and gas. That took place on 2 oil wells and the quantity they hit is of commercial volume. Most small oil companies never hit commercial volume, just small pools. Even a small pool is enough to make direct investors millionairs, so this stock just keeps looking better and better.
But.. Don't take my word for it, just keep watching it. In a month or two you can talk about how you were watching it and wished you had bought it.
My buddy and I call those types the "if" investors. haha
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Low point today, 73 cents a share closing out at .791 cents. .011 down from yesterdays massive hike.
Looking at a 5 day chart you can see the stock trending at about 8-10 cents per day. I think tomorrow we can expect to see the stock hit a high in the mid 80 cent mark, maybe higher.
I think most of the increase in volume yesterday was due to striking oil and the press release on Monday. Looking at the T&S as well as the chart, it looked like some pattern traders jumped in to make some money then jumped back out. If you look at where the stock closed today it is perfectly inline with the pre-jump upward trend.
I hold my position that this stock will continue to trend upward, breaking the $1 mark within 5-8 business days.
I'm also expecting another press release after commercial assesment of the 2 wells that hit is released. Their expectations have been exceeded and after a 3rd party company confirms this, I think the press release will cause another jump in price like it did yesterday.
Hopefully people will realize that with the upward trend and 2 huge jumps (as I predict) that this is a good long haul stock.
Let me know your thoughts. Any feedback on my stock analysis would be appreciated too.
posted
Also worth mention; volume on this stock has nearly doubled since I first posted on it.
It's also 4 times higher than it's 22 day average. Everybody else can make you a promise that a stock is "going" to be moving and to "hang-on". Well this one is already on the way. Decide for youself what to do, I'm merely here to point out some stocks that I think are good buys. I'm sure you're reading these trying to find good buys you might have otherwise overlooked. I definitely know you're not here to listen to somebody you don't know pump a stock.
posted
Well today is a bad day for this stock, but it's just one day. Down about 10 cents 40 minutes before close. If there is any reversal it will start in the next 15 minutes, as is typical with daily reversals.
Looking at a candle stick chart for yesterday, the floor and ceiling prices were 85 cents, 80 cents, 75 cents, 70 cents.
The only warning sign I saw was a evening star / dogi candle right at close, this usually indicates a major change in price. I wasn't sure which way it was going to go because the stock was bouncing against the 80 cent ceiling, but it also looking a bit congested.
Volume is half of what it has been the last few days. So it looks like the bulls lost to that dogi. I also wonder if there were some scalpers in play the last couple days. I see a lot of solid 3000 shares being bought and sold on the last couple days.
Either way, bad day for me, good day for anybody who wants to buy in. 70 cents is still the floor.
The only warning sign of it going lower would be a hanging man candle stick or a half spike up which bounces off the floor. This could penetrate the 70 cent mark. (70 cent mark being 69-71 cents give or take)
Looking at a two week chart the upward trend has been broken with the last 2 days of trading. At this current momment the trend is downward but it looks to be having a hard time breakign the 70 cent floor.
Being I think this is a good stock in buy and that it will keep going up, I think this downward trend is almost over and the upward trend will kick back in within 1 or 2 days. However, the ceilings still remain at 75, 80, and 85 cents. So expect the upward trend to bounce at those levels before breaking back through.
I was hoping for a break through today, but it looks like getting back to the 85 cent mark will have to wait until mid next week.
Let's see how the day finishes out. Hopefully it rebounds and hits the 75 cent ceiling.
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Alright, the good news is the floor was not penetrated, which means the stock could move into a normal trading pattern. If the stock goes up and comes back down tomorrow morning, like a triangle and doesn't break the floor, it should start to trend upward.
However, the bad news is there is a hammer on the candle stick chart. The hammers body doesn't sit completely above the previous candle, so technically it shouldn't affect the stock price. Hammer's indicate a downward direction in stock price.
So, if the stock trends up, comes down and bounces, then we can ignore the hammer and expect the price of the stock to increase.
Most indicators point to the stock increasing.
I'm only posting this information for anybody pattern trading the stock, if you're in for the long haul then you don't care what the stock does.
So if the price jumpes dips and jumps again at market open, that's a definite buy indicator.
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quote:Originally posted by coolnwo: I totally agree I bought QOIL at .40 sold at .39 MY FAULT!! I bought today at .83 I think this heads to a dollar. This stock is gaining a lot of new investors and the old ones are holding. Watch this stock. It could easily be $1.50 in the next week with a pull back one of these days.
I was reading this again, $1.50 is a week is pushing it. I don't think it's going to jump that fast. It's better to think of stock as percentage increases. I don't think anybody does well if they are expecting to double up really quick. Maybe if you find a good trading stock and buy and short sell during the pattern.
This is a 5 to 10 cent gain/loss stock. Im still holding my shares I bought. I saw the stock start to drop this morning but I was hoping for a reversal before close. Plus, I wasn't home to dump it off. Either way, based on the pattern, it will start going back up, if not tomorrow, then Monday/Tuesday.
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posted
Been following the stock today. I was really hoping it would bounce and head up, instead it bobbles and dropped to a solid for around 62 cents. It's now bouncing between 63 & 64 cents, up and down.
Volume is really low. Looking at the trends and comparing it to the PR's, this stock really moves on the PR's.
Anybody holding this stock should note 63 cents is a solid floor.
All the floors I mentioned before were based off the trading peaks and valleys, but since volume has been low it's pretty hard to determine how solid each of those floors are.
It's worth noting that on the day it hit 85 cents the volume was high, so we can expect the stock to hit a ceiling around that price range.
Looks like the previous high on June 21st may be the reason the stock is sitting where it is.
It's almost market close, I don't see any indicators the stock is going to have a significant price change. Right now a Press Release is more likely to make an impact.
QOIL perfers Press Releases on Monday.
Long term, looking at historical chart data, the only ceiling I can see over 85 cents is right at 95 cents, prior to that we have a high of 1.45. Volume on that day 11/5/04 was pretty low, so I don't think it's going to really a strong ceiling.
Next week I'm hoping to break into the 70's and stay there while also trading in the mid 80's range. I'd like to say it's going to stick in the 80's but based on this week and the drop in volume, it's safer to say it will stay within 1 tier of the previous trading range.
As always, if you're long term, none of this matters since it will continue to increase as their business continues to grow and be successful.
If there is a press release on Monday, grab some stock and take it for a ride. I'd love to see people grab it and hang on, but it looks like a lot of people are scalping the 5 to 10 cents trading flux.
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And here's my charts I just put together for you. This only shows what the stock has done, but if you watch on a 1 minute chart during high volume days, you can watch for dogi's, hammers, and hanging men for day trading. As too, if you're in for the long haul, you can watch a 1 week to 6 month chart and watch for the same indicators on that chart as well. Here is an example of both a long term and short term chart for QOIL.
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