posted
Thanks for the bid/ask info Rick. I still haven't got in, but I'm keeping my eye on this one.
Posts: 344 | From: Berkeley, CA | Registered: Sep 2005
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posted
Just relocated, Living in Northern VA will be buying a home in WV june 06. Easier commute to work and better home pricing. How the heck are U? I'll have to get situated somewhat before contributing to the forum again. Need to make some more positive investments again.
-------------------- J M. Melon Posts: 270 | Registered: Aug 2003
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posted
Isn't that the story of any stock pick.LOL But what the hey, either put-up or shut-up right? The only sure stock that is guaranteed to always win is death. But I sure do not want to invest in that one yet.LOL. Right now I'm studying for my Real Estate License, then I'll get cracking on choosing some good investments during my studies to contribute to the forum. HAPPY HOLIDAYS TO YOU and the FAMILY MY DEAR FRIEND.
-------------------- J M. Melon Posts: 270 | Registered: Aug 2003
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posted
Same Back at ya my friend! Great to have you jumping back in here! Good luck with the RE licence, your in the right area to make a killing with that puppy!
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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quote:Originally posted by DQ.: Help an idiot here...If they are buying TWOG for .085 per share, wouldn't you want to own TWOG that is now trading at around .015??
I repeat!
-------------------- It's only money..We'll make more tomorrow! Posts: 788 | From: Tx. | Registered: Jun 2005
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I'm buying BDWH because they are very thinly traded. Having only 1m A/S and less than that in the float! With BDWH at .05 you will get a few more shares from a buy of TWOG but you will be waiting 2 months as well. Seems to me that all the upcoming news of which I expect barrels, will be directed at BDWH because that is the company that will be left standing. If BDWH shares go above .085 then both TWOG shares and BDWH shares would have the same value going into the split! So I'm speculating that BDWH is my better buy, and so far today I seem to be correct in my speculation!
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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posted
OK thanks...I'm kinda slow at this. Both look good. It just seems if they are buying TWOG at .085 doesn't this mean a guaranteed profit from .015 up to .085 with TWOG? Could it be that simple? Surely not or everyone would be buying TWOG as fast as they could. Thanks.
-------------------- It's only money..We'll make more tomorrow! Posts: 788 | From: Tx. | Registered: Jun 2005
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lets say BDWH splits right now at .05, that would give it a PPS of 5.00 after 1-100 split
now take the .085 guaranteed by BDWH for your share of twog and divide it into 5.00 and you have a 1-58 split of your TWOG shares
so while you will get a value of .085 for each share of TWOG, BDWH should be a higher PPS stock, which in the end gives you less shares at a higher PPS of the new International Energy company.
Its a bit complicated and has some time before it all plays out.
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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posted
Volume doesn't need to increase there is only 1m shares in the A/S and todays trading = better than 10% of that! Closed up 250% and I can't ask for better than that on a Friday!
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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posted
Sounds good, but (and not meaning to rain on your party, just asking) I still don't see how there is enough volume to buy into a good sized stake. Of course, if you are already in, then that's not an issue. Perhaps it's too late?
-------------------- May your trading build your character as well as your portfolio. Posts: 1763 | Registered: Jan 2005
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posted
You may be right Thorn about the already ran part, and you are correct about me already being in. I was also buying in the AM on Friday, with the belief that it was going to react the way it did in late trading. I've not said this was a safe bet one time since the start of this thread and I was surely speculating all the way here, but I read something into the situation created when they, said they were going to do the 1-100 split, because I have followed TWOG and BDWH since the last run, and I knew that they both had a piece of the same deal, so when I saw the the TWOG buy-out news at .085 and then the split to bring up the PPS of BDWH it clicked. BDWH would buy TWOG and I posted something to that effect on Wednesday here, and started buying as a result. Remember at that time the shares in both companies were right around the same price, but very little buying made BDWH go to .055 on Wednesday, then news came on Thursday and TWOG took off in the AM but BDWH sat flat. I said a few times during Thursday that I felt BDWH was going to make a move, but knowone listened and I sat off it waiting for funds to clear and started buying again on Friday AM, knowing that it would move on very few shares and it did once again. The way this deal is set up, one stock controls the value of the other. If BDWH goes up you will get less of a percentage of it with your TWOG shares, and when it goes down you get more for your TWOG shares. The funny part is that 100's of players can see TWOG because of the .085 buyout, but almost none see BDWH as a play. My feeling was and still is, why not own what will be the mother company ahead of the pack. Why would BDWH not go up with such a deal on the table, and if BDWH already has a larger stake in the oil (30%) before they buy TWOG with (20%) which will give them 50%, at around the same PPS with only 1m A/S, why not take the more valuable one now. I'm still not saying buy this stock, but I report what I see and thats how I see it!
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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No problem, this one is a bit complicated. Theres a squeeze play between the 2 stocks due to the upcoming splits and the slices of pie to go around. I think its an interesting situation.
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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