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.11 and Up!
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NCEY .085 (New Century Energy) UNDERVALUED!
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[QUOTE]Originally posted by juice: [QB] [QUOTE]Originally posted by PCola77: [qb] Guess I'm just a skeptic, but if the company was really worth multiple dolalrs per share, people a lot smarter than you or I would have already gotten it to that point. In other words, if a NYSE company closes today at $10 per share and accepts a buyout after the market closes for $15 per share, it opens pretty darn close to $15 per share (with some variance due to people think ing the buyout will fall through, or the offer will be raised). Down here in penny land we're a bit slower, but why in the world would it take months for the "real" value to be priced in, unless you know of more news taht will be coming out. My only point is that logic dictates taht it is much more likely that this run is more due to buyers and the low float than it is to actual company value, and that everyone should play this carefully, and no different from any other penny stock. Remember, everyone's stock is "the one that's different from the other penny stocks", and yet invariably, all penny stocks end up being the same... [/qb][/QUOTE]excellent advice, I agree. Only thing worrying people here is the debt since day one. Otherwise- NCEY has 1.6Million barrels proven reserves, thats over 200Mill in reserves at current prices. They are putting more wells online all the time, they have not diluted a single share in over 1.5 yrs, and they have hinted at plans for the amex. I've spoke to DeStefano myself and I believe in this company based on my conversationns and have read EVERY filing. Also, see back for my comparisons. NCEY's revenue tops that of amex stocks. Its just the debt- and Stefano has told me and others they are executing plans and in talks with setting up financing and will take care of it. (hint read that part of the 8k, it is NEWWWWW) SO, I tried to beat the rush, found this at .076, my first buy. I still say dollars and I say revenue (10M+ easy) in August will bring us wayyyyyyyyy higher. This is just a little set back. Also, be prepared to see another sell off when Q is not filed on time.. People would know that if they read every filing, thats how they've always done things... anyway .085-.70 is one hell of a ride, hope people grabbed some profits! I'm ready to ride again... [/QB][/QUOTE]
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