quote:Originally posted by weatherbill: RSI doesn't mean much when dealing with penny stocks who have major PRs due......that's what's driving this baby up....also some folks are now seeing what I've been saying since last August when I got in this, that the amount of oil they have compared to the PPS is insane.....just last month this was at .07 per share......if only I kept the faith, I would have gobbled up even more shares at .07...... I expect a correction, but an end of week rally if the PR for buy out isn't out this week.
same here. didnt want to average down as i got in at pre-split btsi levels. i had months to get in at below .10 levels...so muuch for adhering to one's principles..
Don't kick yourself. You're in now, right? (I did the same...even .17 looks good now ).
-------------------- May your trading build your character as well as your portfolio.
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we HAVE oil and LOTS OF IT, other companies are running on what they will do a year or two years from now. NDOL will move to a higher exchange in 13 days!!, 2 bucks by may 1st!!!
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I just got an email from Mr PArkein. He responded back to me becasue I told him that a good time to release a buyout PR would be friday after the bell..... He said yes indeed, the timing seems right ,but if negotiations drag on till next week, won't be able to release the PR till then, so my take is that they are in serious negotiations over the buy out as they might "drag on to next week".....this is great news.....it tells me that there could be a serious buy out on this and it will defintely be $1 or more IMO and if that is true, this is headed for dollar land.....
-------------------- GSUS - Eternal 100 Bagger! HCPC - my favorite potential into December
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we should be fine, several of the so called " ethanol plays " released dissapointing news today, those profit takers will need or want something solid to invest in. dont get mutch better than this stock, moving to a higher exchange in 13 days, will be pumping 650 to 700 thousand dollars A DAY in oil!, possible buyout comming. at this price level new money will start to come in, the OTCBB move will bring in bigger players, those who simply refuse to invest in pinksheets will get on board very soon, this will spike BIG next week as long as the company stays on track for the move. these are just my opinions though, make your own decisions and good luck to all!!
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(I did the same...even .17 looks good now ![[Razz]](tongue.gif)
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