posted
thanks its a risk I know but it looks about as good as anything else on the market and maybe a safer bet in the long run. Found it browsing thru your website thanks juice.
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Watch the volumes... the sellers haven't come in yet. If they come in, you'll have to decide if you bail or double up. I'm in way back so this is easy for me to say on this one but I'm in others where I'm like you.... watching really scared.
Volume is the key. It came in hot at open this AM and the people that that volume represents have not bailed out yet... or so one would have to conclude because there has not been a correspondingly high level of selling volume materializing that would tend to tell you that the AM players were bailing and taking their profits as of yet. So, my thinking is: WATCH THE VOLUMES on a 3 to 5 minute tick.
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quote:Originally posted by The Imperial Whazoo: Hey Juice
Watch the volumes... the sellers haven't come in yet. If they come in, you'll have to decide if you bail or double up. I'm in way back so this is easy for me to say on this one but I'm in others where I'm like you.... watching really scared.
Volume is the key. It came in hot at open this AM and the people that that volume represents have not bailed out yet... or so one would have to conclude because there has not been a correspondingly high level of selling volume materializing that would tend to tell you that the AM players were bailing and taking their profits as of yet. So, my thinking is: WATCH THE VOLUMES on a 3 to 5 minute tick.
I took some out at .035 so I'm OK just hate the waiting game
-------------------- The difference between genius and stupidity is that genius has its limits
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posted
"very impressive I feel like some young kid stepped in for a quickie. I'm feeling verrrrry unsatisfied." quotation from the movie rounders. Hey what kind of closing was that 21 million shares traded and a trickle at close?
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quote:Originally posted by rlcuban: "very impressive I feel like some young kid stepped in for a quickie. I'm feeling verrrrry unsatisfied." quotation from the movie rounders. Hey what kind of closing was that 21 million shares traded and a trickle at close?
It hurts doesn't it? Your hopes dashed, your dreams down the toilet. And your fate is sitting right besides you.
Great movie
-------------------- The difference between genius and stupidity is that genius has its limits
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posted
I take the trickle close to mean that there is no stampede to bail. Not a bailout situation. See, they had one well delivered for 3 weeks and did not say a peep. During tat time, two more were started. If their 2005 press releases are to be believed, they have most likely already successfully completed these two most recently announced reworks of old plugged-n-abandoned wells (because they claim that completing a well is only a 2 to 3 week project, which calculates out to the likelihood that the 2 most recently announced wells have probably bee completed by now). So. with no stampede to exit, the fact is that most folks are probably waiting for the next press release, which, if the past is the guide, should be about 3 weeks from now. Also, bear in mind they are spinning of a little oil company called Tyche Energy to all shareholders of record 5/19/6. So, you may see a stampede to exit after the 19th.
Anyway, that how I read it.
Of course who knows whether they might do something unexpected like a reverse split between now and then, so keep an eye on the horizon.
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This is a penny play bigger than RSHN. This is a 300 bagger. Maybe not now but sometime in the next two years this will be a 5 to 10 dollar stock. Just from what people have said based on pr's released in the last 7 months.
If these figures are accurate.
303 million OS
43 million profit projection.
That is 43/303 = .14 X 20PE = 2.83
Now next year they are to double well workings to 240 wells which will raise profits to maybe 80 million.
I realize there are some problems getting there.
1. The price of natural gas has fallen some 10%.
2. They may have problems getting all 120 wells this year.
3. Not all wells will produce equally so it is hard to guess the actual.
If they only have 20 million profit it is a dollar 50 stock.
Current revenues.
4 wells to be online this month bringing in 5.5 million in revenue of which they get 40%. 2/3 of that is profit. Plus the company they bought has a well generating 1 million per year at least. Not sure how many other wells they have.
1.45 million in current or near current profitable production.
1.45/303 X 20 pe = .095
At this current time this should be .10 plus, and growing stocks should have a PE over 20, probably 30-50 range because you are paying for future growth.
2.83/.028 = 101.07 bagger. 10 grand makes you a million.
Stupid me, i'm writing this before getting fully vested in this stock.
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hoping for a nice close![[Razz]](tongue.gif)
