posted
I still like the potential of this company and a good increase of price if everything is okay.
My problem right now is that my only contact has been with IR guy and i have been getting some conflicting stories as i ask simple questions at different times.
If i was just flipping this stock i would not be concerned, but since i have been holding a little longer term and with the price the way it is i started checking more on it.
I am not coming up with the answers i liked, so i was hoping someone else has tried to trace leases, licences etc.
I went through the Sec. filings, pink sheets, city etc. to try and connect the dots, not much luck yet.
I might be looking in the wrong places and there is a very logical explanation to my questions, that's why i was hoping Tedw might have better answers to my questions, since he has a site on facebook that talks about this stock.
I don't use facebook otherwise i would go there and ask.
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"Looks like it might have been overbought. TRIX pointing down. Look at chart. If this one has more news coming out might be a good catalyst for stock to move up more. Looks like if you were in at .75 you did well, getting in at these prices Risk/Reward too much IMO.'
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I think for many that are playing this stock it's all about pr's and the potential of the well hook up, without it .75 is probably way high.
The speculation is on the wells putting out somewhere near what they say and the revenues recieved from them.
You seem to be a chart player, but i don't think the chart is allowing for the news if received.
My problem is not about a chart or possible news right now, it's trying to get answers to questions, that so far i cannot find.
There has got to be others that have done more dd than just following the boards and i am trying to find out if they have links that i have missed.
I am still in but have reduced my holdings until i can find more answers.
We know there has been some pretty heavy promotion lately on this stock.
I don't mind wouldn't matter if i did, but want to make sure that i am not on a wild goose chase here.
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posted
I am sure there are better stocks to play. if you are going through this much trouble to get answers then might be time to move on. i personally like to look at the charts. the fact of the matter is, if you are not in the stock when the news breaks then you are chase, that will usually end up on losing money. imo there are better stocks to play. if you think this one will release something substancial that will make it move then hold it. if you can't find answers to what you are looking for, then perhaps it is not what you think it is. remember, if it walks like a duck, talks like a duck, then its a duck.
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posted
Also, look at the volume on this. Remember, in order for you to sell your shares someone has to want to buy them. shares of a stock are really only worth what someone else is willing to pay for it. like i said earlier the chart indicators don't look good. however, if you think there will be pr out on the company and will actually move it, then might not be a bad play.
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posted
I finally tracked down a person that could answer all my questions.
Sometimes i wonder about IR guys, looks like some investors didn't like the news today, probably looking for the oil gas hookup, can't blame them.
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posted
They have been promoting this one a lot in the last few weeks.
The OS is rising while there has been no oil confirmation, just more drilling in same area.
Where did Tedw go?
I took some profits while it's still high and will jump back in if i see something head to the plus side again.
If i chase it a little that's okay.
I always get nervous when i see heavy pumping on other boards and know that the OS is rising, not usually a good sign, but never know for sure, maybe they will finally hit some... oil that is.
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