I know this isn't a penny stock but this is a weird sell off. Huge price decrease on fairly low volume. Appears to have found bottom. No News. Previous news doesn't look bad or out of the ordinary. Has been increasing without a down down for months. Worth a look.
Any opinions? Manipulation? Bad news ahead?
Posted by SCS on :
And be quick about checking it out. This one might be a mover and shaker.
Posted by donb on :
Look at that chart trends... this drop is all because of the companies faux pas... The price will jump back to where it belongs. I'm in now.
Posted by SCS on :
That is what I think. I entered it late this morning and think this could be a good play. It should at LEAST have one hell of a bounce but I think it will quickly double back up and resume its upward trend. I am suprised this stock never came up anywhere on any board. If you look at this ones history over the past couple of months, it has gone up as an investors dream. Then this crazy plummet on nothing.
Posted by donb on :
and the news was still positive... What a rediculous drop, this is a gold mine.
Posted by Breezer on :
quote:Originally posted by donb: Look at that chart trends... this drop is all because of the companies faux pas... The price will jump back to where it belongs. I'm in now.
Please elaborate about the "Companies faux pas" . . .
Posted by WilliamR on :
I'm in. I don't really get why i dropped though. Ima noob Posted by WilliamR on :
Maybe this is why? 500 thousand cubic feet per day ..." rather than "500 Million Cubic Feet
Looks like a big typo, who knows.
Posted by Breezer on :
quote:Originally posted by donb: and the news was still positive... What a rediculous drop, this is a gold mine.
why do you think it is a gold mine?
they made a 1000 % mistake last week - Correction -- Lexington Resources, Inc. Tuesday June 22, 12:47 pm ET
In the news release, Lexington Resources (OTC Bulletin Board: LXRS - News) Reports New CBM Gas Well Production, Land Acquisition, and Further Drilling Plans, issued earlier today by Lexington Resources, Inc. over PR Newswire, we are advised by the company that the first paragraph, first sentence, should read "... the Company's Kyndal #2-2 Coal Bed Methane ("CBM") gas well reports initial flow rates of 500 thousand cubic feet per day ..." rather than "500 Million Cubic Feet ("MCF")" as originally issued inadvertently
Posted by SCS on :
That was corrected on June 22 though so that shouldn't be it. I am wondering if there were just some big sell orders placed a while ago at about $7.50 so when the price hit, it was just profit taking. That would have been just about double from when it started its perfect upward trend 3 months ago.
Posted by SCS on :
That was corrected on June 22 though so that shouldn't be it. I am wondering if there were just some big sell orders placed a while ago at about $7.50 so when the price hit, it was just profit taking. That would have been just about double from when it started its perfect upward trend 3 months ago.
Posted by WilliamR on :
quote:Originally posted by SCS: That was corrected on June 22 though so that shouldn't be it. I am wondering if there were just some big sell orders placed a while ago at about $7.50 so when the price hit, it was just profit taking. That would have been just about double from when it started its perfect upward trend 3 months ago.
that makes sence. Someone had a limit set to x amount and today it hit it. People with alot of shares. Its been up hill for a while now, the typo was corrected on the same day
Posted by Breezer on :
Has anyone on this board done any DD on this? Or are you going to play it just because it dropped and you are hoping for a bounce?
Posted by SCS on :
I have looked into it and have found nothing public that should have changed its trend. Everything APPEARS ok with this. That is what makes it so strange.
Now if there is something going on that the public isn't privy too, that is another story and would also be illegal.
Can you explain UGHO's wild rides?
Posted by Breezer on :
Anyone out there buying more?
I haven't got it yet - still patiently waiting to see if it'll drop all the way to LOD.
Posted by SCS on :
Man, you are so close to the LOD that you should just about be able to taste it.
I hope nobody buys this based on anything I have said. I am just pointing out a very odd happening that doesn't seem to have any justification.
Posted by Breezer on :
quote:Originally posted by SCS: Man, you are so close to the LOD that you should just about be able to taste it.
I hope nobody buys this based on anything I have said. I am just pointing out a very odd happening that doesn't seem to have any justification.
Well - I went ahead and picked up a measly 1000 shares at 3.78. And I bought it all because of what you said! So it goes down . .. . just kidding.
Thought I would try my hand at a non-penny stock. NOt having much luck with the pennies lately.
Posted by SCS on :
That is an excellent purchace price. I am in at 4.1 with 200 shares.
Posted by Breezer on :
quote:Originally posted by SCS: That is an excellent purchace price. I am in at 4.1 with 200 shares.
wow - there are some big swings in price every 5 minutes
this looks interesting Like I said - I am in with 1000 shares.
Need to be in something other than the pennies.
Posted by SCS on :
Good luck to all tomorrow who have opted to play this one.
Posted by SCS on :
I see it is listed on the Berlin Exchange, maybe it is being shorted to death?
Posted by Breezer on :
quote:Originally posted by SCS: Good luck to all tomorrow who have opted to play this one.
wow - I thought I got it as cheap as I could get it - at 3.78
now I see 3.51 it went to!!!!!!!!!!!!!!! bummer
GLTA as well. and GLTM (GOOD LUCK TO ME!)
Posted by dropithot82 on :
im in 200 shares at 4.05. putting call into investor relations at 360-332-1354. let you know what i hear.
Posted by bauer on :
sold for a big loss. was in at 7.40
Posted by SCS on :
I sent them an email and will post it if I get a reply.
Posted by Breezer on :
quote:Originally posted by dropithot82: im in 200 shares at 4.05. putting call into investor relations at 360-332-1354. let you know what i hear.
did you get a hold of them? I will try and call tomorrow. If they are listed on the Berlin Exchange - we need to make sure they ask to get delisted.
Posted by SCS on :
Investor Relations
LEXINGTON RESOURCES, INC. 7473 West Lake Mead Rd. Las Vegas, Nevada 89128 Toll Free USA: 888.848.7377 Toll Free Fax: 800.706.7827
email: info@lexingtonresources.com
Stock Exchange Listings OTC BB Symbol - LXRS Frankfurt / Berlin Exchange Symbol - LXR WKN No. - AØBKLP
Share Data [06.22.04] Issued: 15,218,352 Fully Diluted: 18,380,852 Est. Float: 4,356,417
[This message has been edited by SCS (edited June 30, 2004).]
Posted by SCS on :
duplicate
[This message has been edited by SCS (edited June 30, 2004).]
Posted by dropithot82 on :
holding for a while in the a.m...could close this gap quick. are you guys holding?
Posted by Breezer on :
Holding and watching
Posted by SCS on :
holding very warily
Posted by Breezer on :
Why is it down so low in premarket?
Posted by dropithot82 on :
large buys at 3.40 level. i like where this is going.
Posted by Breezer on :
at least it is fighting it's way back up!
Posted by SCS on :
people making a killing this morning
Posted by SCS on :
What the heck happened to the market. It seems like all trading across the board halted.
Posted by donb on :
Everything's trading on my real-time... not sure what you're seeing...
As for LXRS, I am just going to wait it out, maybe even purchase more if it goes lower. There was no reason for this stock to tank, it's still worth $7+/share.
Posted by dropithot82 on :
i agree... should make pop in next few days.
Posted by SCS on :
everything stopped on my screen. The clock just ticked by but nothing moved.
Posted by Breezer on :
what should we do now??????????????
really tanking
Posted by SCS on :
I am out. Don't have the stomache for this one when I don't understand why it is happening.
Posted by donb on :
It's coming right back.
Posted by donb on :
bottom line: a move like this takes patience. It WILL go back up, we just have to wait for it to happen. Until it does, I am not concerned with the pps. Let it jump around, so what. You haven't lost/gained money until you sell.
Posted by filemon on :
Time to buy for short rally just in for 1050 pieces at 2.48
Posted by filemon on :
Just bought more at 2.7 haha
Posted by filemon on :
This go to 4 short term
Posted by SCS on :
Lots of money to be made here with correctly timed entry and exits. These swings are so wide and movement to fast for my liking. I'll leave it to the more experienced.
[This message has been edited by SCS (edited June 30, 2004).]
Posted by Breezer on :
quote:Originally posted by filemon: This go to 4 short term
Looks like a good swinger to me.
Hey Filemon - what do you think about PCCl -lately. Please post on it on that board.
Posted by filemon on :
Hmmm, i'm out 2.76
Posted by filemon on :
Put this money into NXIA, speculative buy NXIA
Posted by Breezer on :
quote:Originally posted by filemon: Hmmm, i'm out 2.76
Thought you were hanging for the $4
Posted by filemon on :
it hestitated too long
Posted by Breezer on :
quote:Originally posted by filemon: it hestitated too long
Yep it has really slowed volume wise
Posted by dropithot82 on :
low speculation...breezer u still in?
hopefully volume will pick up late today.
Posted by WilliamR on :
I think i'm going to hold a little while longer. The company itself looks stable
Lexington Resources Doubles Drillable Land Position With Further Arkoma Basin Acquisition Wednesday June 30, 9:04 am ET
LAS VEGAS, June 30 /PRNewswire-FirstCall/ -- Lexington Resources, Inc. (OTC Bulletin Board: LXRS - News; the "Company"), announces that the Company has acquired approximately 4,600 acres of Coal Bed Methane ("CBM") target gas leases located in 38 sections of Hughes and McIntosh Counties in the State of Oklahoma. This acquisition will more than double the current drillable land holdings of the Company. Lexington Resources has paid a total of $125,000 towards the farm out lease purchase totaling $600,000. Completion of final due diligence is expected within 30 days. Acreage under acquisition extends over an area of mutual interest of approximately 24,320 acres. Additional leasing activity is expected in conjunction with this acquisition to further expand acreage in order to maximize both drillable inventory and drilling opportunity. These new leases encompass rights to all possible producing zones to the base of the Hartshorne Coal Formation at estimated depths of approximately 3,000 feet and include a 79.25% Net Revenue Interest and a 100% Working Interest. The Company has begun planning further horizontal gas well development on the acquired lands, along with further land leasing activity.
Lexington's President, Grant Atkins commented, "The new land position brings our total drillable acreage to almost 9,000 acres effectively doubling drillable leases -- enough inventory for our immediate drilling season and well into next year. The Company continues to acquire high value, low risk, gas drilling targets such as these in order to generate immediate revenues and create strong long-term value."
Posted by filemon on :
Damned i sold to early
Posted by dropithot82 on :
I just talk to steve from investor relations.
He had no explaination for the sharp downtrend yesterday...he blammed it on shorts.
He did say that they are starting a new drill rig this weekend.
I'm sticking around for this one.
Posted by dropithot82 on :
now its on the run...bouncing back... who is on board?
Posted by Breezer on :
quote:Originally posted by dropithot82: low speculation...breezer u still in?
hopefully volume will pick up late today.
Hey - sorry I went to lunch on a business deal.
Anyway - I am still in and holding. I am optimistic
However - I could kick myself for not buying more under $3!!!!!!!!!!!!!!! I was going to but I wanted to be home and WATCH it (and had a luncheon meeting).
Oh well - HOLD ONTO This one!
Posted by Breezer on :
IT it launching!
Posted by Breezer on :
quote:Originally posted by Breezer: IT it launching!
it IS launching
Posted by Breezer on :
We are in the green!
Posted by dropithot82 on :
go LXRS!!!
------------------ GLTA - K++
Posted by SCS on :
All I can say is CRAP!! SON of a $%#^@$!!
This just figures. It looked so sketchy there for a while.
Posted by dropithot82 on :
and this is only recovery from today... it still has a pop from the 50% loss yesterday - remember this is a $7 stock!!!
------------------ GLTA - K++
Posted by dropithot82 on :
nice late day shot...pullback a little and then shoot to 4.5 by close.
Posted by Breezer on :
quote:Originally posted by dropithot82: nice late day shot...pullback a little and then shoot to 4.5 by close.
I am almost MAD that it is shooting up! Why didn't a buy 1000 shares at sub $3!? Damn!
Posted by dropithot82 on :
get it while you can folks...good pop tomorrow...trying to push back to $7.
------------------ GLTA - K++
Posted by Breezer on :
quote:Originally posted by dropithot82: get it while you can folks...good pop tomorrow...trying to push back to $7.
Nice close! Green (and higher than what I bought it at yesterday) Let's go $7
Posted by dropithot82 on :
like this for tomorrow. had nice runup at the EOD after dropping over 70% in two days from $7. Had positive PR today. I talked to investor relations today, and they said that they plan to submit more PR over the weekend discussing a new drilling area.
GO LXRS!!!
------------------ GLTA - K++
Posted by WilliamR on :
Nice! Hope it hits 7 again! Glad I held onto this one.
Posted by Breezer on :
quote:Originally posted by WilliamR: Nice! Hope it hits 7 again! Glad I held onto this one.
me 2!
Posted by donb on :
See... patience Posted by dropithot82 on :
bid up to 4.10/4.15 - like early morning action.
Posted by Breezer on :
GREEN City!
Posted by dropithot82 on :
patience will be rewared today...as it was yesterday.
Posted by Breezer on :
quote:Originally posted by dropithot82: patience will be rewared today...as it was yesterday.
are you going to swing it (buy on lows - sell on highs today)
or R U just holding long?
Posted by dropithot82 on :
going to hold out today...see what it brings.
Posted by dropithot82 on :
good stabilizing point...should be slow drive up through the day.
bid doesn't want to break the 4.10 mark
Posted by Breezer on :
quote:Originally posted by dropithot82: good stabilizing point...should be slow drive up through the day.
bid doesn't want to break the 4.10 mark
but now we are at 4.01? Do you think the mm's are trying to drive it way down again?
Posted by Breezer on :
This is a crazy one.
I am tempted to sell and see if it goes lower and then buy again
but too chicken I guess
I will hold - looking for $7!
Posted by dropithot82 on :
slow morning for the stock...if volume picks up we could see run at EOD like yesterday.
------------------ GLTA - K++
Posted by Breezer on :
quote:Originally posted by dropithot82: slow morning for the stock...if volume picks up we could see run at EOD like yesterday.
I am hanging in there for the ride! It is frustrating - but I think even with all the wild ups and downs -this thing will do great (IMHO)
Posted by Breezer on :
well 1.5 hours left - what do you think will be the move that lxrs takes?
Posted by dropithot82 on :
creating new bottom today...im buying more.
Posted by Breezer on :
quote:Originally posted by dropithot82: creating new bottom today...im buying more.
you think 3.40 is good place to buy?
Posted by Breezer on :
quote:Originally posted by Breezer: you think 3.40 is good place to buy?
well - I bought more at 3.40 set for the $7
Posted by Breezer on :
Looks like it's making a really big dip maybe time to buy more!
Posted by Breezer on :
I BET WE HAVE A GREAT PR THIS WEEK!
Posted by WilliamR on :
Still holding here Posted by Breezer on :
quote:Originally posted by WilliamR: Still holding here
me too
nice up so far today .25 cents in green
Posted by Breezer on :
now up .45 cents! go LXRS!
Posted by Breezer on :
Now up .65 cents! Is it heading to $7!?!
Posted by WilliamR on :
Nice!
Posted by Breezer on :
quote:Originally posted by WilliamR: Nice!
GOING UP AGAIN I bet it breaks $4 today
Posted by Breezer on :
Moving north today!
Posted by WilliamR on :
4.25! Posted by Breezer on :
quote:Originally posted by WilliamR: 4.25!
4.55!
Posted by Breezer on :
quote:Originally posted by Breezer: 4.55!
4.75
Posted by Breezer on :
Watch this one - it could be heading back to $7 soon!
Posted by SCS on :
I am glad to see people making money on this one that I pointed out. I am still kiccking myself for not going with my gut and staying in.
At $5!!!
Posted by Breezer on :
quote:Originally posted by SCS: I am glad to see people making money on this one that I pointed out. I am still kiccking myself for not going with my gut and staying in.
At $5!!!
I have been in and out several times - and always made money. It is great. I am waiting to see if it runs again.
I figure even if I do get in and it goes down - it will eventually go back to $7.
I don't think you can lose on this one.
Posted by donb on :
my sentiments from the beginning. I didn't get it at the low but I got in at a good price, and I've made a nice profit so far. I'm still holding...
Patience always prevails.
Posted by SCS on :
Not always, in this case--99% chance yes.
Posted by WilliamR on :
I sold at 4.50, hoping it drops down to 4 or so again so I can get back in. Doesn't look to promising though
Posted by dropithot82 on :
i got into this one at 4 after it dropped 50% from $7. If you look at the historical chart...I see and easy ride to $7...great company to invest if your looking for long stable growth.
Posted by WilliamR on :
Looks like she dropped again. No reason that I can see. I'm going to get back in. Think it will go back up?
Posted by dropithot82 on :
Holding long and strong on this one. Like the trend its taking...has a lot of support at $5.
Posted by Breezer on :
quote:Originally posted by WilliamR: Looks like she dropped again. No reason that I can see. I'm going to get back in. Think it will go back up?
I waited all day to see a sign of jumping back in. I will be looking for an entry tomorrow.
Posted by dropithot82 on :
low volume at open, however buying in the green. if volume picks up, could follow pattern of NXIA yesterday.
Posted by stocktrader22 on :
This stock acts extremely unusual...Im just gonna hold out until it eventually makes a run, but it may be a while.
Posted by Breezer on :
quote:Originally posted by stocktrader22: This stock acts extremely unusual...Im just gonna hold out until it eventually makes a run, but it may be a while.
