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I posted this on the "Hot Stocks" board too.. fyi... (I'm a chart and indicator nut, what can I say? LOL ) ---------------------- What "REALLY" get's me excited, is the fact that the Stochastic indicator is STILL negative!!
Price "should go down" when this happens (Note in the past how in this chart [at bottom] how when the Stochastic goes negative so does the price) -and when "Freak" things like this happen, when they cross positive again it usally REALLY takes off!
I have seen this with a MACD indicator, a stock will be trending sidways yet the MACD will be going down... -but then when it crosses positive The price explodes upward!
Likewise, I've seen the MACD going UP yet the stock trends sideways, but then.. (you guessed it) when it crosses negative it price falls like a ROCK!
These are set up's to watch for IMO... You will see it if you look, common...
But a "Stochastic" being negative and the price climbing I have not seen! MUST be because of the CMF.
Now combine that with the huge C MONEY Flow indicator, which is a growing mountain of green...
-this stock almost SCARES me!! LOL ~
Things look SUPER strong here, wow ~ (IMO) I can't wait to see what happens when Stochastic crosses positive again, that's for sure!!!
quote:Originally posted by Murnak: So whats the upside here?????
The chart says .02 or .03..........
-first stop (res) was .01, next is .014 then a weak one about .018.
We "might" blow right by these when that Stochastic turns positive...
We have good volume, Positive MACD, and a Crossing happening at the center zero line of the MACD, and a huge Mountain of green sitting ine the CMF indicator...
The Stochastic is finally caught up with the price (it was negative yet the price was going UP??!), that big surge of money that the CMF indicator caught must of been responsible for that. IMO
So now we wait till Stochastic crosses positive again and see where we go!! In the past that indicator has been right on with this one!
posted
That is quite strange that the sto is going towards oversold and the macd has crossed and headed north of 0. WTF!!! Maybe just maybe we are in the right place at the right time. Tommorrow will tell how strong this run is with it being Friday. TMAN...
-------------------- In the end, trust only yourself when trading stocks.
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TMAN you are right. I can tell you for cetain the company is holding back some pr's that would rock this thing right now if they released them....I think they are still holding them for a bigger launch early next year tho.
One pr about a huge contract from the pit and it would be 3 cents in a hurry.
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Back to a penny early this am. Can we cross and stay there? That is the qeustion for the day. A lot of eyes are back on PBLS, but still not nearly as many as there could be.
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Thought maybe Persia has not seen this being across the pond Should be great for pbls
Congress Passes Offshore Revenue Bill Helping Louisiana, Gulf States
WASHINGTON – In the wee hours of the morning on December 9, as the Republicans said goodbye to control over Congress, in its last roll call vote of the 109th Congress, the United States Senate at 1:49 passed by a 79-to-9 vote final legislation that includes the Domenici-Landrieu Gulf of Mexico Energy Security Act, S. 3711. Earlier, the House passed the same bill.
The legislation opens substantial new areas to oil and natural gas drilling in the Gulf of Mexico. It also shares billions of dollars in revenues with Louisiana and other energy-producing Gulf Coast states for coastal wetlands restoration, hurricane protection and flood control projects. An additional share will be used to build parks and preserve green spaces in all 50 states. The package also includes several key tax provisions, including a two-year extension of the Gulf Opportunity (GO) Zone tax incentive that provides strong motivation to invest in the Gulf Coast. The measure will now go to President Bush for his signature, after the House overwhelmingly passed the bill with a 367-45 vote Friday afternoon.
“Today the Senate confirmed its strong support for Louisiana and the entire Gulf Coast by passing the Domenici-Landrieu fair-share bill, which after nearly 60 years, provides for Louisiana a significant share of oil and gas revenues produced off our shores,” Sen. Landrieu said. “In August, 71 Senators agreed to the bill because they recognized that a dedicated stream of revenue is necessary for Louisiana to protect itself from future storms. Katrina and Rita showed us what devastation can ensue if our communities remain vulnerable.”
Domenici-Landrieu Gulf of Mexico Energy Security Act According to Sen. Landrieu, the legislation passed by bipartisan majorities in both the House and Senate is identical to the Domenici-Landrieu bill the Senate passed by a 71-25 vote on August 1. , It allows coastal states to receive a 37.5 percent share of the revenues they generate offshore. Coauthored by Sen. Landrieu and Senate Energy Committee Chairman Pete Domenici, R-N.M., and endorsed by the White House in July, the plan opens 8.3 million acres in the Gulf of Mexico to new oil and natural gas production and shares 37.5 percent of the new revenues with Louisiana, Texas, Mississippi and Alabama. The funds are specifically dedicated to coastal wetlands restoration, hurricane protection, levee and flood control projects in the four energy-producing states. An additional 12.5 percent is dedicated to the state side of the Land and Conservation Fund, which funds the acquisition of parks and green spaces across the country. According to Senator Landrieu, here are the other benefits:
“The Domenici-Landrieu fair share bill is essential for the recovery and long-term economic vitality of South Louisiana from Venice to Cameron because it will help us defend against hurricanes while at the same time protecting one of America’s most vital ecosystems,” Sen. Landrieu said after Friday’s House vote. “It’s also vital for the nation because it increases energy production along America’s only Energy Coast and restores the wetlands that protect some of our nation’s most critical energy infrastructure. It further serves the Louisiana economy by creating jobs and stimulating business activity, and does so in a fiscally responsible manner without raising the federal budget deficit.” “In the last decade, the price of natural gas has shot up. The National Association of Manufacturers estimates that more than 3 million U.S. jobs have been lost since 2000. The Domenici-Landrieu plan allows for increased domestic energy production for the first time in 25 years, and geologists expect to find significant oil and natural gas reserves. The area is projected to produce enough natural gas to sustain more than 1,000 chemical plants for 40 years, and enough oil to keep 2.7 million cars running and 1.2 million homes heated for more than 15 years. “
“The Domenici-Landrieu bill is a significant step toward solving South Louisiana’s coastal erosion and hurricane protection challenges, as Louisiana is projected to receive more than $13 billion over the next 30 years. Coupled with that, the state is expected to receive $12 billion for hurricane protection, wetlands restoration and navigation projects in the next 10 years from the regular budget process and other previous legislation, such as The Breaux Act, and the Coastal Impact Assistance Program
Tax Extenders The legislative package the House passed along with the Domenici-Landrieu plan would extend tax breaks benefiting Louisianians. Most important among these is the Gulf Opportunity (GO) Zone tax incentive, which the whole delegation has been pushing Congress to extend. The GO Zone incentive passed in 2005 has allowed hundreds of businesses to invest in areas impacted by Hurricanes Katrina and Rita and to take a 50 percent tax reduction for new facilities or equipment, jumpstarting recovery by giving businesses an incentive to quickly invest. Current law requires that businesses put new facilities or equipment in place by the end of 2008, but the package will extend the benefit until 2010.
“Many businesses need incentives, such as the GO Zone tax breaks, to encourage redevelopment in very difficult circumstances, which is essential to strengthening our economy and rebuilding our communities,” Sen. Landrieu said after the House vote. The package also includes some extensions for expiring trade benefits to countries including Vietnam.
Bobby Jindal, who sheparded the legislation in the House said in a written statement, “This legislation ensures that our state receives a steady stream of funding to deal with our most pressing issues. Beginning in Fiscal Year 2007, Louisiana will receive 37.5 percent of the energy royalties in certain offshore oil and gas leases, and parishes will receive a share of this funding. This amounts to hundreds of millions of dollars over the first 10 years for our state, and $650 million a year after 2017 according to U.S. Senate estimates. I have publicly stated that our state should bond this long-term source of funding in order to generate significant short-term revenues to rebuild our coastline and improve our infrastructure.
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I think we are finally heading higher.... We now know where the bottom is...... And if it goes there again... Im in for more shares..... Could really make $$$$ for share holders in 2007!
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I do hope everyone loaded the boat in the subpenny range.
BTW: It's not just me saying 5 years 5 dollars. Ron Blackburn is now saying this is a 5-10 dollar stock in a couple of years. Take it for what it's worth, but I got that straight from the horses mouth.
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