Yep I got filled at .12. Been watching this one all last week as it dove under an RSI of 50. Look at the history of the chart. Could be an easy double on this bounce. Looks way oversold.
Posted by keithsan on :
say buy to .15
Posted by keithsan on :
quote:Originally posted by d6veteran: Yep I got filled at .12. Been watching this one all last week as it dove under an RSI of 50. Look at the history of the chart. Could be an easy double on this bounce. Looks way oversold.
of course i looked i'm in aint I.... Posted by d6veteran on :
quote:Originally posted by keithsan: say buy to .15
buy at .15
Posted by d6veteran on :
lol, oh that wasn't directed at you keithsan, just a general comment if anyone came to this thread.
Correction, I got filled at .13. I tried getting filled at .11, .115, .12, .125 this morning and ended up chasing to .13
Posted by keithsan on :
dip now
Posted by d6veteran on :
wow. 35k at .146!
Posted by d6veteran on :
Just noticed this came out today:
Form 8-K for LARGO VISTA GROUP LTD
19-Apr-2005
Entry Material Agreement
Item 1.01 Entry Into a Material Definitive Agreement
On March 18, 2005, the Largo Vista signed an Agreement and Assignment of Certain Contractual Rights and Benefits (the Agreement), with Shanghai Offshore Oil Group (HK) Co., Ltd. (Shanghai Oil) pursuant to the Agreement in Principle. Under the Agreement, Shanghai Oil assigns to Largo Vista all of its rights under a prior contract with Asiacorp Investment Holding Ltd. to purchase fuel oil from Russia and deliver it to The Peoples Republic of China (the Asiacorp Contract). The Agreement states that deliveries will begin no later than May 18, 2005 and continue for a period of thirty-six (36) months at a rate of up to two hundred thousand (200,000) metric tons per month. The assigned Asiacorp Contract provides that the estimated value of the maximum potential deliveries over the life of the Agreement, at the market prices in effect at the time of the signing of the Asiacorp Contract on July 22, 2004, to be approximately one billion, two hundred thirty million, nine hundred sixty thousand dollars ($1,230,960,000.00). The Agreement provides that Largo Vista will be guaranteed a minimum of two dollars ($2.00) profit per metric ton, and that Shanghai Oil will continue to be responsible for the logistics and financing of the delivery of the fuel oil. In exchange, Largo Vista will issue to Shanghai Oil one hundred million (100,000,000) shares of Largo Vistas common stock, to be issued in three increments, one-third within ten days of the signing of the Agreement, the second one-third one year later, and the final one-third one year later.
Posted by keithsan on :
Posted by Phrogger on :
Keithsan,
What were you basing that "buy to 0.15" on? Unless I missed something this morning, I just do not see it.
Posted by keithsan on :
you missed it was supposed to be bye to .15
Posted by d6veteran on :
.15b x .154a right now.
Posted by Phrogger on :
D6,
Compare that with the previous PR regarding the contract and you will find that this is not nearly as impressive as it first apprears.
1. "at a rate of up to two hundred thousand (200,000) metric tons per month" - key word = "UP TO", this does NOT committ to this.
2. "guaranteed a minimum of two dollars ($2.00) profit per metric ton" - two dollars per ton does not = 1.2B. 36 months x 200K metric tons @ $2.00 = $14.4M over three years assuming best case senario.
3. "Largo Vista will issue to Shanghai Oil one hundred million (100,000,000) shares of Largo Vistas common stock" - I believe this is what scared everyone yesterday.
Posted by keithsan on :
in about 40% ago, thats impressive.
Posted by Phrogger on :
quote:Originally posted by keithsan: you missed it was supposed to be bye to .15
Got it. I hope you are right. Even though the news about the contract was not as rosy as it was alluded to in previous PR posts, sub-0.15 was a little low for this with what it has to offer.
Posted by d6veteran on :
My thinking on this is 99% technical. The chart history has a strong pattern if you look at the RSI(14).
It seems to leap regardless of PR. And it seems to always leap well above 50%. I was tracking this for about 2 weeks and was hoping for a buy in at 10 cents. I think keithsan and others found it before then and bought it up
I think we got a good gainer for the next 2, maybe 4 days.
Posted by Phrogger on :
Damn, I hate it when they do that. I hope you are right about the multi-day gains. I won't lie, I am red at the moment.
Posted by d6veteran on :
quote:Originally posted by Phrogger: Damn, I hate it when they do that. I hope you are right about the multi-day gains. I won't lie, I am red at the moment.
That's two of us that hope I'm right
You in the red on LGOV?? Or in general. I'm in the red in general from that bloody last couple weeks.
Posted by d6veteran on :
.16 x .164
go go go
Posted by Phrogger on :
LGOV,
Took a position and gambled the annual would drive it up. I was in Monterey since last Thursday PM and did not have access to the computer... Yes, not smart, hence the word gamble.
Posted by d6veteran on :
Well hopefully we'll get an exit for you this week.
Posted by Phrogger on :
looks like RSI is below 40 on the tail of a consolidation period. Might be gearing for another bump up.
Posted by Thorn on :
Looks like it is out of gas (pun intended). Posted by d6veteran on :
lol, everybody wants rockets in the pennies.
The volume is here and it already recovered from one dip. I don't expect this to march up without any trips. I think it will break .20 this week.
Posted by Thorn on :
I think you are right, D6. This one has gone up without news. It's a clear pattern.
But what do you have against rockets? Posted by d6veteran on :
If you do find any rockets Thorn, do let me know quickly.
LGOV:: quarter of a million dollars traded so far before lunch. Not bad for a penny.
Posted by Phrogger on :
We have some historical sticking points to address. Sat here around .155 before it dropped yesterday and was well established around .175 - .180 earlier in the month. I see these as the resistance points that will define its movement.
Posted by Phrogger on :
Have any of you seen some of the funny T&S postings. I am seeing trades of like 100 and 500 shares. Not a real conspiracy theorist, but find it hard to believe that people are willing to pay commissions for $15 worth of a penny. Could be type-o's, buth there have been several this morning.
Posted by d6veteran on :
Ya, I also noticed a sell that went through at .0163.
Could be a typo for .163.
Some big buys came through in the morning (several thousand dollars each) and have continued since, but there are also these tiny transactions. I don't believe they are MM signals, but rather people not submitting AON orders.
Posted by d6veteran on :
Buys are flying in right now ... watch this one into close.
Posted by Phrogger on :
Seems like the MM's want to drop the bid, but nobody is interested in selling. I hope this is the case as it could mean a little push near the end of the day.
Posted by Phrogger on :
I would like to see this thing position itself to make a move on the mid-.18 resistance tomorrow.
Posted by Phrogger on :
feeling pretty good going into the close like this. upped the bid 3 times and only managed to get one sell of 9K. One might speculate about the possiblities of a gap in the AM.
Posted by d6veteran on :
UP 48%! Nice close!
Wish I could have seen the L2s, but I had to run out for lunch.
While I was positive on the outlook for the week, I didn't think we'd close above a .16 bid and we have .168!
This should attract some attention for the week. I'm looking for an exit close to .30 by Thursday. I think we'll definitely pop .30 if the momo can sustain for 3 more days.
Posted by d6veteran on :
Watch this on this morning. It may move another 40% + today.
Posted by keithsan on :
.18
Posted by d6veteran on :
They keep raising the bid to attract sellers, just like yesterday afternoon. Just ticked up from .172 to .177, no sellers.
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