Our system posted a BUY-IF today. The previous SELL recommendation that was confirmed was made on 07.19.2005 (4) days ago, when the stock price was 0.0323. Since then TNOG has fallen -24.15% .
Is this finally a good time to buy? Well, it depends. First check what happened at after hours trading and future values. Then, follow the next session very carefully and be on your toes. This candlestick pattern is a bullish one, but we have to see whether it will be confirmed or not.
Do you see a gap-up at the market open? Do you see a white candlestick forming with a higher close at the session's end? Shortly, is it a nice bullish day? If so, place your buy orders and open new long positions. The market is now on the bull side.
But, be careful, also. If you see a gap-down when the market opens, or if the session closes with a bearish sentiment producing a black candlestick characterized by a lower close, do not challenge the market. Ignore the BUY-IF alert. Cancel the buy orders and cover any new long positions that you might have opened. Bears are still in control.
[MOTTO OF THE DAY] Buy only if the bulls are in charge Forget about it if the bears surge
Today a High Wave was formed. This implies a loss of sense of direction and that there is a great amount of indecision in the market.
For more about this candlestick click here.
The last two candlesticks formed a Bullish Meeting Lines Pattern . This is a bullish reversal pattern that marks a potential change in trend. However, its reliability is not very high and it requires confirmation.
For more about this pattern click here
-------------------- Legal
"I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones." -- Albert Einstein
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It was me who jumped in at 0.0286. LOL. No worries. Holding long on this one. Like the company a lot. It knows how to deliver. Good fundamentals. No dilution of float. Producing oil now from two wells; soon gas too. Has 5000 strong shareholders. And more... What can be better? GL
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price of oil 100 per barrel!could be better!lol,i havent been in this stock but at this price,it looks good,im in .024, they are just begining,once the 4 mile gas line is completed we will have sales of gas.getting well no 3 ready.
-------------------- WHADDYA MEAN I CAN BE PRESIDENT OF THE USA.ITS STILL WE THE PEOPLE.RIGHT?
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quote:Originally posted by explorer186: It was me who jumped in at 0.0286. LOL. No worries. Holding long on this one. Like the company a lot. It knows how to deliver. Good fundamentals. No dilution of float. Producing oil now from two wells; soon gas too. Has 5000 strong shareholders. And more... What can be better? GL
I know what u mean ijumped in at 0.028
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well #1 50 barrels a day=1mil a year alone,with nothing else,now add 2 more wells and gas sales wich they will be hooked up as soon as pipeline is done,
-------------------- WHADDYA MEAN I CAN BE PRESIDENT OF THE USA.ITS STILL WE THE PEOPLE.RIGHT?
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TNOG has bottemed again, looking at intraday chart, you probebly have about 10 minutes to get in this at the low before it turns around...it will most likely create a hammer today...looks good...
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WASH YOUR DOUBTS ABOUT TNOG AWAY: Primary Clayton quotes from today’s chat:
- TNOG is pending several JV's right now and news should be coming on the pipeline, IP's for s1b and financial info - we can't talk about anythign regrading the JV or timing of annoucements but I can say its going to be good/soon - I can ask them to post in the PR's how much is being sold at what prices.. possiably get scans of tickets for my website - they will be annoucing that we are being the audit soon so we can ideally be OTC by Jan-Feb - All forms were filed years ago, and the permit was filed almost 3 weeks ago retroactive to June 1 to be selling oil. - the flow rates should be availabe on the oil from S1B within the next week - We cannot place targets but I was asked where I tought it could go if such and such happend and yes I do think that.. [0.08 pps] - once [wells are]… pumping workers are not on site everyday - Maupin works the deal and checks the sites almost daily.. trucks have to come in for the oil on a regular basis - it depends when they start the drilling but should only take a day [to redrill 300ft to the next layer of K1] - for the horizontal: it will be huge news becuase we are going to tap into all sorts of new area or pools. - yes management is fully aware of the importance [of weekly PR’s] but is only interested in reveiling quality news and not fluff to pump a stock but I am pushing for weekly updates. - approx. 725 autho. 330 float - held by the insiders. they can after 2 years only sell 1% of the outstanding shares every 90 days with is approx. 7.3M shares - They have recently done a private placement to handle the debt and current operations. I do not believe that they have any current needs - PM [Pete Maupin] is a large shareholder therefore he has a very big incentive [for success] - we [NOVAK] have introduced large investment groups and brokers which have helped to grow the PPS - IP's will be coming on the gas for the wells soon as well [as the 2nd well] - I believe that we really have only seen the beginning of the TNOG journey - the possiblity is there [increase in auth. shares] but has not been disclosed as taking place anytime soon. reasons to do so, would be regarding the JV's if we have a major opportunity approach ourselves we would
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Thanks for the update Explorer. I really believe in this company and have already made money. I think patience will pay off big time both short time and in the long run. Based on what I have read about this company I believe that the high oil prices will enable them to become a substancial success in the future even when oil prices do come down some.
-------------------- If you don't have instincts, get out. If you do; go with them.
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