posted
I think it will happen soon! The chart is holding its own.. the bollis are tight as can be, the CMF is flowing green. MACD going up, sotchs going up! ACCUM/DIST lines bottomed out and turning up! Downtrend is over is ready to turn back up! this is definitely called finding hte bottom and getting in BEFORE the run so you don;t have to chase! I bought a little more today! I am ready with 50K shares!
I think that just one day with some good volume and it will jump quick! Lots of poeple are watching for the smallest indication of upward movement and then BAMM, it will go... Just like GRYF did today! A little volume pushed MDAS off the ask and then everyone flocked to it to catch the run! The only difference, is that this one is starting at .05 which will bring in a whole other group of investors that don't touch the sub pennies! This one reminds me soo much of SUOG & AKOL... charts looking the same, same basic business (oil & gas).... WYSK's time will come and will make me happy!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :)
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posted
also... with another close at .05 today, we are building a great support level right here! PLNI was the same trading in a super tight range for weeks before it launched! I don't think this one will take any where near as long as PLNI... I am guessing that it will happen next week!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :)
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JUN. 29 10:26 P.M. ET Surging oil prices could curb Asia's economies, with some analysts predicting the fast-growing region -- heavily dependent on oil imports -- could slip into a recession if prices don't recede.
South Korea's central bank said higher crude prices could shave 0.7 percentage points off economic growth this year and raise consumer prices. The Philippines has warned of a "heavy toll." Officials in Japan, the world's No. 1 oil importer, and Malaysia are voicing concerns.
"High oil prices are already weighing on growth in Asian economies," Andy Xie, economist at Morgan Stanley in Hong Kong, wrote in a report this week. "If oil prices do not recede, Asia could slide into recession in the short term."
If Asia growth slowed down considerably, then the rest of the world market would also feel the impact and as the US and euorpean economies are slowly recovering, this could hurt our progress! I think this will be one of if not the TOP topic at the G8 summit! How to increase oil & gas production domestically and reduce the dependency on foreign oil!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :)
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quote:Originally posted by jake_the_snake: Hey FOT, What do you think of WFTV?
I think it is being diluted or shorted to death! The pps shot way up on relatively low volume.. and the pps has slowly come down on ever increasing volume!
If the company needed say $10,000 per month for operations, they only needed to sell 1 mill shares @ .01. However, they need to sell 10 million shares at .001... so as the pps drops, they need to sell more shares to maintain the fixed amount of monthly income!
I have not followed this stock at all, but, has anyone called the T/A lately to confirm O/S count? A 5 minute phone call to the T/A will save you alot of heartache! I try to call the T/A of every stock I invest in, and compare it to the most recently reported qty to see if they are diluting! i.e. WYSK O/S is 54,407,680 as of earlier this week.. it is the same as was reported on 2/15/05 @ pinksheets! They are not diluting!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :)
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quote:Originally posted by jake_the_snake: Hey FOT, What do you think of WFTV?
WFTV is being diluted - just read the thread a week or two back and you'll see that people are posting ever-increasing O/S. However, they are very close to the A/S count now (1 billion).
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quote:Originally posted by lilpennypincher: Great support here. Once it goes, It's gonna' go far! Like a shaken soda can.......POP!!!!!!!
I just hope that it doesn't spray all over my new shirt... or worse.. go up my nose... "I hate when that happens" (in my best Billy Crystal NYC cop tone of voice!)
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :)
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posted
It is moving... someone got filled this am pre market and then it jumped! We are going to go today! One more buy at the ask, and the top bolli gets broken....just like a high school girl on prom night!
Whoo Hoo!!!!!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :)
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posted
BxA uptick... 55 x 60 now.... it is starting to roll! This is great, especially on a Friday before a BIG holiday! Next week will rock... congrats to those that are getting in early!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :)
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quote:Originally posted by jakeo: Whats ur target on this FOT?
I still believe that this will follow a path like SUOG and AKOL... same basic companies. This pps is higher becuase of significantly lower O/S than AKOL.
Nothing has changed in the company in the last 6 months when it was trading at .80, except that it awarded 5% dividend in the form of restricted shares, and it has purchased a mineral rights lease on some property in Wyoming. So, just looking at the company in a static sense, with 5% more O/S, teh pps should be trading 5% less which would be around .70-.76!
Personally I am going to hold on to somewhere in the .20 - .25 range or maybe higher depending on how high of a run it can muster!
Another thing this company has going is the upcoming Lease auctions start mid July through Mid Aug. There are hundreds of millions of federal acres available for upcoming lease in some of the most oil & gas rich areas in WY, MT, UT and CO! with the recent Energy bill relaxing some of the requirements for development, it should make it alot easier to get new wells established for production!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :)
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Sorry that the formatting didn't carry in to well from the table!
. .. Wyoming June 7 Oregon June 9 Nevada June 14 Eastern States June 23 .. .. New Mexico July 20 Montana July 26 .. .. Wyoming August 2 Colorado August 11 Utah August 16 .. .. Oregon September 8 Nevada September 13 California September 14 Eastern States September 15 .. .. Wyoming October 4 Montana October 12 New Mexico October 19 .. .. Colorado November 10 Utah November 15 Montana November 29 .. .. Wyoming December 6 Oregon December 8 Nevada December 13 California December 14 Eastern States December 15
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With a big white candle today on 4x the avg volume the last week, this very well could be pushing that 1st resistance on tuesday. Then with Amer Bulls giving it a buy confirmed, it could hit that second resistance on Wed/Thur!
I still think this one is a definite double and possibly an easy triple from where we are right now! With a little more attention, this could go even higher! Nothing has changed with the company from the one that was trading at .80 a couple months ago, except that it now has more property leases. This one is WAY UNDERVALUED IMHO!!!! And I am going to take that to the Bank.
Have a safe weekend all!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :)
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1) Accum/Dist is crossing the 20dma and diverging positive 2) The OBV is crossing its avg adn diverging positive 3) The Wilder DMI is crossing (Green crossing Red going upward)...very good sign 4) The MACD and Stochs are both still diverging positive 5) Volume on what should have been a VERY slow day was 4x the avg the last week 6) The pps crossed the 20dma and broke the upper bolli-band
This one has got some strong legs under neath it and will be running for a number of days ahead!
quote:Originally posted by FatherOfTwo: Reasons to like this chart....
1) Accum/Dist is crossing the 20dma and diverging positive 2) The OBV is crossing its avg adn diverging positive 3) The Wilder DMI is crossing (Green crossing Red going upward)...very good sign 4) The MACD and Stochs are both still diverging positive 5) Volume on what should have been a VERY slow day was 4x the avg the last week 6) The pps crossed the 20dma and broke the upper bolli-band
This one has got some strong legs under neath it and will be running for a number of days ahead!
posted
Maybe I'm not too sharp at energy plays but this one has fallen really far from it's recent highs. My question is why so far so fast? Could the price of oil alone raise this thing from the depths or really is it a move based on it just being in the sector alone?
I guess I could always pay more attention to you chart gurus, I'm still trying to sharpen the technicals side of my trading.
I always appreciate your guys post, and thanks for the patient to us still learning.
quote:Originally posted by FatherOfTwo: I believe the pps sank after they issued the 5% dividend.... everyone held on for the dividend and then they sold it shortly thereafter to play other stocks!
From Pinksheets: Current Capital Change: Stk. Div.=5% Ex-Date: 2005-02-09 Record Date: 2005-02-11 Pay Date: 2005-02-18
The pps started falling after the pay date on 2/18/05. I see this as a classic selloff causing more selling thus dropping the pps artificially. The exact same thing happened to SUOG and it dropped from .15 all the way down to .035 and it went from .04 to .145 with a larger O/S.
I agree with you that this is a short term play (3-4 weeks max) and that is probably the length of time that I would look to put my money here.
I am simply bringing forward a company that I think is undervalued at this time and with the current oil and gas market in the state that it is in, I see this as having more reward than risk associated with it. I have posted plenty of DD for you and everyone else here to make their own investment decisions. I simply see this as a great way to increase my portfolio, and if I am correct, I hope that other here can profit from my bringing this company to the board!
pops... here is your answer.. IMHO!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :)
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