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This stock is just starting to get interesting, a lot of shares were bought up today unbelivable volume for this stock with no news, a lot of new investors just getting in.
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iwish, i Know how you are feeling. kind of like shell shock that OMOG is taking off like we all knew it would. its a massive " I told you so" Its a good feeling... now its like.. where do we go from here? tomorrow will be interesting. I think that the gap was filled to .0086.. this thing just ran so hard today though. I just got back from the bar, drinks on me b/c I was waiting for this omog day for a while. and am in a good mood, pulled out 500 bucks at .0098 for a party tonight. Be up early to monitor this though.... hangover regardless..
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cactus33, you are a smart investor always pull out a little bit of cash then the ride up is a lot easier, this one is just getting started have a good night.
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MsKay that was quite some post. You have been following this company for quite awhile it seems.
What would have say this company is valued at? Based on what you know what would a conservative, moderate, and aggressive number be for fair value on share price?
I will admit that I was looking to swing trade OMOG. I already have most of my port in Drillers such as RIG, and NBR. As well as a big ethanol play in ADM. I have been using a small amount of capital to catch these microcaps early in the run. I have also missed some huge opportunites by geting out to early. So my question to you: is this a couple of day spike or is this something bigger?
I will try to get a fair amount of DD own my own today. You have certianly peeked my interest.
I do know of another stock that is being manipulated in a similar fashion: NFI --> naked short selling.
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Evergreen I think we may very well gap over 0.01 at the open. Small pull back mid day yesterday followed by a close around the daily high. I would be really suprised to see OMOG drop below 0.01 today. I figure we may test the 0.01 level as support a few times before moving up.
Of course I am wrong more than I would like to be!
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Well, in the actual complaint of the lawsuit, OMOG states that the stock should be worth at least .03X (can't remember x) and that is part of what they are asking for is 36 million in actual cash damages in addition to the property, wells, etc. They also state that this is a conservative number and is based on a number of criteria so that is where I'm thinking it will play out to (at least at first) as soon as the settlement is announced.
After that, it will of course play on what the company actually does after that point.
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a good settlement would be nice but they need to come out with some numbers on future oil production ,assets etc. with the right pr .03 is conservative. I think people are still hyped over NDOL and would beat the door down for this oil play.
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Near the end is the "prayer" or a list of what they are asking for. It is all very interesting though, it seems Lanza (former owner) was a convicted felon prior to owning OMDA.
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Half the volume of yesterday in the less than the first hour of trading? OMOG is coilig up and shaking out loose hands right now. There are a lot of people that made good money yesterday and are banking profits (can't blame 'em). There are also a lot of people noticing that we broke .01 resistance level and are getting in.
I don't know about 0.02 today but I believe that we will make a strong break to the upside.
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It certainly looks like we are heading for .02. I can't believe there isn't a leak regarding the settlement somewhere and it may be better than we even dreamed to cause this.
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This stock has had huge volume this morning. I guess the down side of having a good stock is that the mm's start playing games with the pps, still looking good needs a little breather to slow them down.
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Oil jumped to a fresh record high above $74 a barrel on Thursday after a steep drop in U.S. gasoline inventories fueled fears of tight summer supplies at a time of growing anxiety over Iran's exports.
This can only HELP us for days to come
-------------------- Lookin for the money
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quote:Originally posted by gnulnx: MsKay the flat line action was scaring me. I'm out for now. Back in on up volume or a descent recline.
I still think this is a great play. However, I was a little over extended and needed to secure some cash.
I know what you mean. I've been burned before but I have a good feeling this time. We are seeing all this movement and no news yet. I'll hold a while longer, at least to the middle 2s. I may buy more tomorrow if it drops below .07 during lunch tomorrow.
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