Blugrass Energy, Inc. is engaged in the business of oil and gas exploration and development. The Company is focused on exploration and production of oil and gas properties in North America and has interests in producing oil and gas assets, and has longer term exploration assets in the United States.
News in a Hot Sector
After hours on Friday 4/9/10, Blugrass Energy announced that they had entered into a Memorandum of Understanding with DeepExpro, LLC, a privately held independent oil and gas exploration and production company based in Houston, Texas, to jointly identify, evaluate, acquire, explore, and develop various working interests and net revenue interests in oil and gas prospects.
The oil and gas sectors have been red hot the past few weeks. Stocks such as SSN, PDO, and PDGO, just to name a few, have exploded higher as oil has solidly moved past $80/barrel. In all honesty, it's difficult to gauge how significant this press release is regarding the overall prospects of Blugrass Energy. However, traders and investors are always looking for reasons to move up stocks in hot sectors. Fridays news should get noticed by those looking speculate.
Technicals
See below for a chart of BLUG.OB:
Currently, BLUG.OB is sitting at $0.195/share. As you can see from the chart, it is very close to its 52 week low. Over the last year the stock has traded as high as $1.20/share and has spent the majority of its time over $0.40/share. As a result, the downside appears to be limited at these levels. In charts like this one, a little news can often times trigger a reversal. After reviewing quite a few oil and gas stocks, very few are still hovering near their 52 week lows. Most have surged quite substantially off of those levels. I view a potential investment in BLUG.OB as low risk opportunity to catch a stock at its bottom before a probable rise.
Low Float
According to Blugrass Energy's last 10-Q, there were 50.05M shares of Common Stock outstanding as of 2/22/10. There are 24.05M shares currently owned by 5 individuals and institutions, which means that the float is 26M shares at the most. With a float this low and the share price currently less than 20 cents, BLUG.OB could rocket quickly with a surge in volume.
The Pump is On
I've never been much of a fan of those high profile penny stock pumping websites. However, I'm not too naive to understand that under the right circumstances, they can be effective tools for finding those quick moving stocks. After doing a few checks this weekend, I've discovered that quite a few penny stock sites have spotlighted BLUG.OB as a potential fast riser this week. Despite any negative feelings you may have about these sites, they do have huge followings. When you have a stock being pumped while it hovers near its bottom with the weekend used to create the buzz, chances are high that there will be sudden, strong buying interest.
Conclusion
The last oil and gas stock I spotlighted on this site was Callon Petroleum (CPE) back in May 2009. I was too early with that choice and the stock continued to lag the remainder of that year. However, CPE has been a 4 bagger in 2010 and has really exploded the last month. This is just one more example of the roll this sector has been on as of late. It only makes since for investors and traders to try and look for the next best thing. Blugrass Energy isn't necessarily one of those fundamentally strong stocks that you should fall in love with. However,I believe that the combination of news, a low float and the potential for a technical reversal and sudden buyer interest is a great recipe for quick stock gains. BLUG.OB could double quite easily and could potentially move much more. Bluegrass Energy (BLUG.OB) is the next perfect stock.
Stocks on watch today are BLUG, ECOG, and VASO.
ReplyDeleteCard, also watch IDCN, GOIG, ETLS, and IVOI.
ReplyDeleteCan you please respond to the e-mail I sent you over the weekend? Thanks
Card, how high do you think BLUG could go today or do you think it's done for today? Potential for the rest of the week? And what's your next great pick?
ReplyDeleteP, as I said in the post, I think it'll hit 40 cents minimum (a double) pretty quickly. The volume has been monstrous. I'm seeing other places that the float could be as low as 19 million shares. If that is true, BLUG could really spike in the next couple of days. It may level out between 26 and 28 cents today, but a late day surge could always come as people load up for a second day move.
ReplyDeleteI really liked LBSV, but it has run a little too much to make a big fuss over now. Had I seen it Thursday, I would have done a post on it then. Silver is hitting all time highs. It was a no brainer buy at 50 cents. I wouldn't be surprised to see it hit $1.50 though.
Card, you are spoiling us! Fantastic find. A low-float bottom bouncer with fresh news behind it, what can we want more?
ReplyDeleteBighoper, I really thought BLUG was setup well. It's looking good so far. People are still buying at the ask so the float is quickly disappearing.
ReplyDeleteGood call Card!
ReplyDeleteSSN will continue higher as well.
Anybody checked out GSX? Agressive trend seems to have formed.
Card, What do you think about STTN? Bought in at 50 cents and it seems to be doing great today based on their first qtr results. Do you think it makes sense to continue holding or get out now?
ReplyDeleteFrank, I should give you some of the credit. You're post about SSN really lead me to BLUG.
ReplyDeleteStock newbie, I knew this move in STTN was coming. It's been setting up for weeks. I just lost patience with it. I think a buck is coming soon. I'd consider taking some profits after tomorrow's probable spike. Great pick up at 50 cents by the way.
My SSN post led to this new Perfect pick...cool! Glad I could "help". LOL!
ReplyDeleteI wonder how high BLUG goes? Seems some say $1 is coming soon.
GSX seems to be on a STRONG upward trend. Looks like it could be a multi-bagger in the near term.
Oops...meant to type some say GSX hits $1.00 soon.
ReplyDeleteBoth AMFI and PRWT are breaking out right now. AMFI is riskier (capital problems).
ReplyDeleteSome regional banks are potential multibaggers (check FSNM's chart!)
I wish I had the intestinal fortitude of the rest of you.
ReplyDeleteI've got one penny stock among a dozen other investments and it gives me more grief and worry than the rest combined.
Glad to see yet another one of your picks doing well, Card.
If I'm out of TDGI when you make your next one, I'll be getting on board with the rest of you.
Tim,
ReplyDeleteTDGI looks fine. I sold it at 5 cents, because I felt it had gone up too much and too quickly. But its big box-office potential AND NO DILUTION should bring it back over 5 cents very soon. And as you said if they add a Q to the ticker, it will be an irresistible no-brainer :-)
Good luck to you.
I still think the dilemma I will face with TDGI is deciding how greedy I want to be, for the reasons you mentioned.
ReplyDeleteI consider it a great buy at the current .045 level.
I just don't have the cajones to put more into it or another penny stock.
Citibank of all companies has met Card's definition of a "perfect stock" this past month, up 50%.
I caught all but 10% of the run.
Up about 50% the past two months, not one month.
ReplyDeleteSorry.
Still holding BLUG gang? What's everyone's exit price? I don't want to be too greedy with this one. I'm thinking low 30s.
ReplyDeleteMIPI is a low floater with positive cancer results. Could 10 bucks be possible by tomorrow?
ReplyDeleteFrank, most got in BLUG yesterday. I think the low 30s is conservative.
Oh, I did too! Got 30,000 shares. Ending near the high looked promising. Some of the boards were full of pessimism, but they are probably shorters. I just remembered your comments about the pump-and-dumpers and didn't want to be a bag holder! :)
ReplyDeleteCard, what would be your lowest conservative exit point? I think I'll go with that if you don't mind sharing. :) I don't usually follow you guys into the pink sheets.
Card, what's your take on STTN? Since you said we'd likely gap up this AM don't you think there's a good chance of a dollar plus early on?
ReplyDeleteI told you guys about GOIG last week and it's been pretty incredible. It's almost tripled in price since when I mentioned it here.
STTN just came out with news! A multi-million dollar deal with a national staffing firm!
ReplyDeleteCard, how high do you think STTN will reach today with this news and the price target news of yesterday?
http://finance.yahoo.com/news/SmartTek-Signs-30-Million-prnews-4057941603.html?x=0&.v=1
Got out of BLUG at 36 cents. Happy with my profit. Thanks Card!
ReplyDeleteNice trade Frank. In my post, I said a double from $0.195, which would put it at 39 cents. I'm going to roll the dice and hold a little longer. I'd love to get out on a spike.
ReplyDeleteP, as I told Stock newbie, I think STTN will hit a buck. Unfortunately, I lost patience a few weeks ago and sold it for a small profit.
Guys, FRHV is flying and there is rumors of a Wal Mart deal which could send this to the moon. They also increased the distribution of one of their pizza brands.
ReplyDelete.20 could be possible here or maybe more!
Card, Thanks for the comments on STTN. Any ideas on what is going on with TTNP of late?
ReplyDeleteCard, also thanks for BLUG, got out at 0.37.
ReplyDeleteStock newbie, I think TTNP has turned into a short seller target. It's in a downward technical spiral and shorters are taking advantage of it. Fundamentals haven't changed though. A reversal should occur soon, but it is very painful to be a holder right now.
ReplyDeleteI jumped into BGBR at 80 cents after a 50% intraday plunge. Hopefully, people looking for a bounce will push it up.
ReplyDeleteHi everyone,
ReplyDeleteYou have had some great picks recently, so it's my turn now :-)
If anyone is interested I have a potential 5-10 bagger in the very near feature (I am totally serious). The run may start even tomorrow, if news hits.
I am extremely excited about this pink-sheet stock (MSOA.pk, formerly IECM.pk), because it has a relatively low float, no dilution and sits at the very bottom of the chart (like BLUG).
I have been monitoring MSOA for a while and I know that it reacts very quickly to news. Moreover, yesterday I found that they have made some changes to their brand-new website. The same happened before the last run in February, when PR's were subsequently released and the stock rallied from 1 cent to almost 9 cents.
I have loaded up huge in the 1 and 2 cent area and patiently waiting for news, which will sooner or later hit given the recent website additions and their big plans announced in March. If you buy at one cent, a triple or quadruple would be a disappointment in this case, IMO.
They have a very nice website with an intro added yesterday: http://www.mysocialincome.com/
Enjoy and I'm looking forward to your picks.
Nice pick Bighoper!
ReplyDeleteYou seem to always in tune with the banks. I'm curious of your opinions of BFCF. They just announced their 4th Qtr and year ending results about an hour ago, but I can't tell if the numbers were blowout or if it was just creative accounting to make the numbers look good. Any thoughts?
Card,
ReplyDeleteat the first sight, the numbers look stellar, but without a one-time gain connected with an acquisition, the bank was again deep in red. On the other hand, they also had a significant impairment charge, but honestly, I still have a lot to learn to be able to interpret these results properly. However, as you said in your trading tips, it's quite risky to buy a stock that has had a big runup and AEN is up almost 100 percent from its February lows.
But what do I know, Ambac skyrocketed, even though the results had been largely helped by a tax credit.
Good luck, hope you'll make a killing.
BGBR is also gapping up 20% in the premarket after a morning press release and yesterday's tank job. It could potentially do very well today.
ReplyDeleteKeep and eye on BROE. It's another energy play that's got some momentum and increasing daily volume. A lot of these see at least a buck.
ReplyDeleteNice start to the day for MSOA, bighoper.
ReplyDeleteI've had my eye on it since you mentioned it a few days ago, but had the hardest time finding decent information on the company.
Card, IVOI looks like it could take off and hit at least .001. IVOI is the ONLY profitable sub .002 OTC stock so it should be quite a bit higher. Level 2 is relatively thin so it could even break through .001 and you know with .000x stocks there is a LOT of potential for huge % profit.
ReplyDeleteWow, FIGI closes almost 30 million in new business and market cap only 16 million and just 1O million shares outstanding. This is going to the 2-3 range today, IMO
ReplyDeleteRHIE has got monster momo now. Could it go to a buck tomorrow?
ReplyDeleteIs RHIE just a technical play, can't find any news. Or maybe there's some expected news? Thanks
ReplyDeleteI think RHIE is just a bottom bounce, but it was 10 bucks starting in Jan 09. I could see it have a 2nd day move in it. Institutions might be loading up at a presumed bottom.
ReplyDeleteThanks, nice call. The 40-cent mark has turned out to be a nice support for the next runup.
ReplyDeleteCard,
ReplyDeletewhat do you think about the stellar earnings and guidance just released by low-floater STRN? (I bought at 7.6 before the close) They have just 3 million shares out and the PR is packed with the adjective "record".
I also like the fact that the stock has had a nice consolidation around 7 dollars.
Link to PR: http://www.marketwire.com/press-release/Sutron-Reports-Record-Fourth-Quarter-Operating-Results-NASDAQ-STRN-1147861.htm
Will we see $10 tomorrow?
Anybody else notice EEE today? Didn't see any news out.
ReplyDeleteSTRN looks like it had a great quarter. The only thing that may hold it back is if the market focuses too much on the year ending eps and corresponding trailing PE. However, the year to year comparisons are off the charts.
ReplyDeleteEEE went completely unnoticed by me. Great day!
Wow, BLUG's at 45 cents. I wish I could always pick them like that.
ReplyDeletecard, how high BLUG could go, i was too late to get in
ReplyDeleteDave, I wouldn't buy it right now in all honesty. I think it's a little too hot to chase at this point. The upside doesn't outweigh the risk.
ReplyDeleteVKNG is ridiculous. It's trading strictly on muscle memory.
Thanks card.
ReplyDeleteYes i guess VKNG is multi day runner!! what do you think card.
Dave, VKNG does look good. You never can tell with these no news plays, but I'd say the odds of it being a multi-day runner are better than average.
ReplyDeleteCard, what do you mean a no news play??
ReplyDeleteVKNG just had news yesterday:
http://finance.yahoo.com/news/3D-Video-Captured-With-Viking-pz-4102902079.html?x=0&.v=1
How high do you think it can go tomorrow or by Monday?
P, that news was release yesterday before the market opened and it barely moved Wednesday. That's why I said there was no news.
ReplyDeleteI don't really have a feel for how much VKNG will be up other than a probable gapper.
I actually think TPAC may be a better play because there are rumors of it getting a massive pump job. It could be BLUG-like.
But Card sometimes there can be a delay of a day or 2 while the word spreads and I think you've said that yourself before.
ReplyDeletePlus a massive company like SONY is big on VKNG and is encouraging VKNG buys.
MLMN looks like the play for Monday!
ReplyDeleteGet in on SSN in the premarket if you can on Monday! Awesome oil well anouncement. Could go over $1 this time.
ReplyDeleteCard, MLMN is picking up some more momo and has hit a high of .225. You still feel it can hit .50 by the end of the week or at least .40?
ReplyDeleteP, once MLMN solidly broke 20 cents, it triggered a lot of potential buyers waiting and watching on the sidelines. I wouldn't be surprised if it closed at 30 cents today if the volume continues to pour in. That would definitely put 40 to 50 cents in play for late in the week. However, if it finishes near the high today, I'd be incline to lock in at least some profits tomorrow during a probable gap up at the open.
ReplyDeletePOSC is reminding me an awful lot of IMGG. You may want to put it on your radar.
ReplyDeletebighoper, you still in LGDI?
ReplyDeleteI've kept in on my radar and it's starting to dip into a pretty attractive price.
I haven't heard any news, so I'm not sure what's causing the drop--maybe impatience is to blame?
Tim,
ReplyDeletethanks for the alert. LGDI has probably had some delays and some people have naturally lost patience. I am not in LGDI right now, but you're right that the price looks interesting. But I will probably stay away, as I have actually found another stock around $1 which, as opposed to LGDI, is in an uptrend and just received a 1.60 target from an analyst (WYY).
I am also very excited about the potential of MSOA, which hit 27 cents last year with a similar share structure, and obviously TDGI - have you read the Facebook info on the upcoming biggest deal in Eric Parkinson's career?
Here is the link: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49125299
Hey Card, it's been awhile since I've been back.. Make sure to check out BMOD as they are looking to release very positive phase two results on their proven early-stage lung cancer assay -- latest end of May. I will prob. get in somewhere btw .19 and .24.
ReplyDeletewhat do you guys think of PRAN -- they just released really awesome publication news on reversing the effects of ALZ -- Dementia.. their stock doubled today.. still looks like a nice buy -- may wait for a pullback though.
ReplyDeleteGood to hear from you Aroramax. I'll check out BMOD.
ReplyDeletePublication news is usually only good for 2 days at the most. PRAN had a great day, but it's hard for me to chase a big board stock after it's doubled in a day.
TTNP could be rocking today. Fanapt sales for quarter one were $21 million. That's a lot more than people thought. TTNP gets 8-10% of that for doing nothing.
ReplyDeleteCard, don't you think MLMN can come back? If not today then tomorrow or Thursday? I sold near peak but then bought back a few shares for the run higher up.
ReplyDeleteAlso please post any pick you feel is good for a gap up tomorrow AM. Thanks again.
P, I figured MLMN would gap up huge, but these gaps almost always get filled. I sold half at 30 cents and plan on selling the other half at 40 cents. I don't believe it's anywhere close to being done.
ReplyDeleteP, right now I think TTNP is a good choice for a gapper tomorrow. It's starting to roll now that the word is spreading. Plus, it's going through a technical reversal, has 800K in short interest, and they'll be announcing that they are getting off the Pinks any day now.
ReplyDeleteAlso, keep an eye on GRPR. It's moving slow, but something is definitely going on with that one.
Hey Card,
ReplyDeleteHave you been keeping track of FTER recently? It hit a low of about 6 cents in mid March and has been trending upward ever since then. Its sitting now around 12 cents and looking nice, how do you feel about this stock?
Thanks for bring FTER back to my attention Ship_It. Actually, I did lose track of it once it started to slide. I've always thought is was cheap, but shorters attacked the spike. I think it looks solid as long as the move and volume stay steady.
ReplyDeleteCard, MLMN has me worried. I knew it would fill the gap and even if there was no gap I knew it would pullback but I didn't think it would leave the .20s.
ReplyDeleteIt seems to be coming back now close to .20 and I see there was news at 8 AM eastern time today and obviously that was only positive since we gapped up to .32.
I see NO reason why we won't at least be back to the HOD of .32 or higher today or tomorrow. Isn't that how you see it?
P, I was waiting to see if MLMN would comeback at all. 19.5 cents looks like the best it's going to do today. Stocks are ever changing so no game plan is set. I have just decided to cash out and search for a better option. It could come back, but it's trading an awful lot like VKNG was just a few days ago. It may eventually comeback (like VKNG is today), but I am not willing to wait.
ReplyDeletePOSC just got pumped by Biomedical Reports at the open. They recently pumped RNN to the moon. It could make for nice trade.
ReplyDeletekeep an eye on TLLA which is now IMDC next month should be good im in at .80
ReplyDeleteAPPY looks like easy money from now until the end of the month as trial news is on the horizon. However, your risk increases quite a bit if you hold beyond that point.
ReplyDeleteCard, watch AMHI. It's just a matter of time until it breaks .01 in anticipation of a pending merger.
ReplyDeleteCNLG - another low floater ready to explode, even without news
ReplyDeleteCard, what do you see APPY closing at today? Do you see much of a pullback tomorrow and what do you see it doing on Monday? Is 5 bucks possible by Monday or even this week?
ReplyDeleteP, I believe that technicians are pushing APPY now. The 200 DMA is at 4.10. So, a lot of people think it will get to that point very soon. However, once it gets there, all bets are off.
ReplyDeleteIf the stock gets some late day volume, it could hit 4 bucks today. However, a lot of what happens tomorrow depends upon what happens this afternoon.
Card, have you noticed we're not seeing as many high percentage gainers the past month or so that we saw in Jan./Feb. and part of March?
ReplyDeleteThe picks on here included SHAR, GLRP, ZANE, TGGI, etc. and they all went up at least 100% or more.
From Jan. to mid March most weeks you or someone else posted 2 to 3 picks per week that gained 50%+ up to 200% or so usually the same day or just a day or 2 later.
Haven't you noticed those huge % gainers haven't been nearly as frequent the past month or so? Why do you think that is?
Hope that changes soon.
Keep an eye on CLRH. The stock has tanked the past few days due to restricted shares being sold. The share price is right at 75% below the close of 3 days ago. If you notice a reversal it's a no brainer buy on the bounce.
ReplyDeleteP, I have no explanation for your observation. It may be just a coincidence.
Wow. GTLL may be the next 10-50-100 bagger given the low float and today's and yesterday's news. Up 600 percent yesterday and today may be huge as well.
ReplyDeleteCard, if you happen to see or know of a NASDAQ, NYSE, or AMEX stock that could see at least about a 20% gain by Monday morning please let me know.
ReplyDeleteI'm out of non-marginable funds. Thanks.
GTLL flying, long live reverse mergers :-)
ReplyDeleteSorry Card, I don't have much time right now (job duties), but e.g. TONE looks very good today.
ReplyDeleteCard, PRWT looks good today and has a short term target of $1.50, like in a few days. That's an easy 50%.
ReplyDeleteBighoper it looks like your pick is finally busting out!!
hey bighoper, do you have any details about MSOA?
ReplyDeleteHey Card, you wanted some banks well here you go. CSNT and FMAR. I think we're late for today but then again maybe not but there's definitely more room next week especially for FMAR.
ReplyDeleteCSNT has really exploded!
I didn't see news for either so do you or Bighoper know what's driving them? Is it the positive homebuilding news today which in turn helps the banking industry?
Ship_It,
ReplyDeleteno, patiently waiting for news. Meanwhile, you can check their March releases, website or Pinksheet filings. One cent looks like a no-brainer buy with an upside of 100-1000 percent.
I'm in the same boat as ship_it.
ReplyDeleteHorrible pun, indeed.
I've kept my eye on MSOA cuz I trust in bighoper, but haven't found much about the company other than what you've provided.
But, at a minimum, it does seem to bounce between a penny and .013, which is not shabby at all.
P,
ReplyDeleteCNST looks great, it was over 40 dollars before the financial turmoil! I regret missing TIBB today, for example.
By the way, do you want an easy double?
If yes, then definitely check this:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49303002
STHG has already doubled or tripled like five or ten times over the last 12 months and the next double/triple is coming over the next days (I expect late April or early May).
What is interesting, the company is building a website (www.marketfriends.com) to directly compete with InvestorsHub.
Good luck
Card and P,
ReplyDeletedid you buy CSNT after all ?
I bought at 1.63 when I saw the big support at 1.60. Just sold TOO EARLY at 2.10. Fantastic low floater.
Tim,
ReplyDeletehow are your TDGI shares looking today ? :)
The only thing I fear that if the expected news - that's why the stock is rising now - is not big enough, the stock may sell off quite quickly.
The CEO hasn't BS'd us yet, so I think he will come through.
ReplyDeleteLots of speculation on what he is up to.
Should be an interesting weekend.
Tim,
ReplyDeleteI hope so. The cruel reality is that actually the biggest risk about such a promising microcap company is that its fate hinges largely on one or two people. If anything bad happens to the CEO (illness, accident, lawsuit, etc.), the stock will plummet to zero. If the same happens to the CEO of a big company, he will be replaced by another skilful guy and the stock barely moves.
Just thinking out loud, because a responsible investor should take into account even such sad possibilities, IMO.
Regardless, I really think the next week will be very interesting!
Bighoper, no I didn't get in CSNT as I underestimated how much pop it still had left today but I should've!
ReplyDeleteThese high flying banking stocks are fantastic! Daily gains between 30% and 150% or more!!
Let's all keep them comin in addition to all the other huge percentage gainers out there!
I never provide the rest of yall with a lead. I always end up taking your ideas and running with them.
ReplyDeleteSo, here is a penny stock I'm looking at and am curious to see what the rest of you think about it.
CHMD, a chinese media company.
Major revenue sources are billboards and signs of maps of Hong Kong for tourists to use to get around the City--looks like they sell them and also collect rents.
What caught my eye is their distribution of MAGIC, which they are touting as a laptop the size of a cell phone. Its major advantage over existing PDAs is the ability to run Windows XP.
Chart looks good--had a nice run up yesterday, but not too big, so maybe not too late. I really like the looks of the one month chart, nice uptrend the last 10 days on solid volume.
And, insider ownership of roughly 50%.
The CEO has said that press releases and news of the new prototype will be rolled out sometime soon. That could provide CHMD the momentum it needs to really run after a 19% run on Friday.
I post this with some trepidation cuz penny stocks are not my thing, so, tread carefully with a suggestion coming from me.
But, I am curious what the rest of you intelligent investors think.
Bighoper STHG has been trading mostly sideways since last October so what makes you think it will suddenly double or triple end of this month or early next month??
ReplyDeletePlus did you see this?? They admit they have historically lost money and may continue to do so in the future! Dilution could happen at ANY TIME!! What do you think of that below and aren't you leery to buy knowing STHG could dilute at any time?
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=30811
"The sale of our common stock to raise capital may cause dilution to our existing shareholders. Our inability to
obtain adequate financing will result in the need to curtail business operations. Any of these events would be
materially harmful to our business and may result in a lower stock price."
P,
ReplyDeleteVery nice DD on your part, but I can easily address both of your concerns:
1) you are probably looking at the LINE chart (sideways trading), but you should check the CANDLE chart, which shows about ten spikes caused by PR's, with the last two in late February and early April (over the 0.0010 mark). The stock has never ever dropped below 0.0005 or 0.0006, so when news hits, you'll have your double. It's actually difficult to get the 0.0005's so I have loaded up on the 0.0006's.
2) Of course, I have read it. However, it is probably just a standard disclosure. Actually, the last PR said: "Shareholders should look forward to additional MarketFriends updates as well as some good news in regards to the share structure", i.e. no dilution in the near term. Moreover, in February the CEO bought some shares on the open market (see link).
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=28826
I'll check back with you in May after selling my 0.0006's at 0.0012 :-)
By the way I am getting more and more excited about GTLL. I did some digging at I-hub and this is shaping up to be one of those monster reverse merger plays we've been talking about here. Huge PRs on Thursday and Friday and the float is only 10 million!!
bighoper, there was a major pullback from the 600% gain on HUGE volume to close the day out on Friday.
ReplyDeleteI'm having a hard time uncovering income statements, revenue projections, etc. to get a sense of profitability for the company.
I think I'm spoiled by the quality of this site as well as some of the IHub Boards that have such information readily accessible.
Bighoper, good points but are you expecting news from STHG by end of this month or early May? If you wanted the largest percentage gains as quickly as possible would you load the boat with STHG or GTLL?
ReplyDeleteTim, CHMD looks very good. It looks like it's just a matter of time for them.
Tim,
ReplyDeletethanks for the heads-up on CHMD. Looks great, I'll check it.
GTLL is a reverse merger play and reminds me of TDGI in November. It was suddenly announced that a worthless TDGI shell would be filled with Hannover House assets of more than 5-10 cents per share. I was lucky to catch the news and I immediately bought some TDGI shares at 0.0060, which I sold for a 900 percent gain in March!
We still don't know the value of assets to be put into the GTLL shell. But the Friday's PR indicates that the assets per share are much higher than the current PPS. And again, the float is just 10 million, so if they have just $500.000 in assets (i.e. much less than TDGI), the PPS should be 50 cents or a 20 bagger from here!
I don't think there was a big pullback on a huge volume. Some I-hubbers believe there was just a lucky buyer before the close who got cheap shares on the bid.
More news from the company is coming soon.
P,
ReplyDeleteGTLL is a LOW FLOAT REVERSE MERGER STOCK WITH FRESH GAME-CHANGING NEWS JUST TWO TRADING DAYS OLD
So I would definitely go for GTLL, even though I don't know the exact value of their assets. More and more people are discovering about GTLL's huge potential. For example, boardmarks are up from 14 to 45 at I-hub and I have even found some Dutch websites talking about the stock over the weekend.
Finally, I love this quote from the Friday PR:
"The Company believes its market capitalization will steadily, and perhaps DRAMATICALLY, improve with each passing week as awareness expands."
Good luck!
Wow, DTG closed at 62 cents on 3/3/09. Just slightly over a year later it was sold for $41/share. Amazing!
ReplyDeleteIf anyone wants to take a flier on a stock, take a look at EGOC. It's a reverse merger that just got volume for the first time on Friday.
Card, thanks. Also FTER can fly today - just announced record results.
ReplyDeleteTDGI moving up on big volume.
ReplyDeleteCHMD up over 30% this morning.
Best of all, bighoper's GTLL up 66% already!
Next time I ask you any questions about a stock pick of yours, bighoper, a simple "because I said so" should suffice to convince me it is a good one. Nice call!
Bighoper and Card, what do you think of the bank FBC?
ReplyDeleteEarnings are due to be released tomorrow after close. It's in the .80s now and going over a buck seems pretty safe as long as the earnings aren't crap.
Do you think we could see a CSNT type 100% plus move with FBC? What do you expect with FBC earnings and how do you think the stock will react?
I wonder if UWBK might be a good play if the gap from yesterday gets filled around $2.15? If so, it could be easy money from that point up!
ReplyDeleteP, it's a little too risky for me to play a bank stock so close to earnings.
ReplyDeleteJust about all these financials have run quite a bit now. CRMH isn't a regional bank, but it is probably the best financial stock choice right now based on the fact that this is the first day of movement for it, great technicals, the float is low, and all these seem to be moving past a buck.
KLDO, might be an interesting play. It released an 8-k today announcing a merger, but it hasn't been PR'd. It could gap major tomorrow if the company releases something afterhours or in the morning.
MONSTER news out for IGC!
ReplyDeletebighoper
ReplyDeleteGTLL Moving nicely,nice pick.
Bighoper and Dave, GTLL is nice but the wide bid/ask spread is a turn off. You lose anywhere from 10 to 20 percent right of the bat depending on when you bought it.
ReplyDeleteRight now at .06/.069 anyone buying would be down close to 15% immediately.
Of course it could still run big but that's one of the first things I was warned about when I started trading...those wide spreads.
Stocks on watch today are SURG, ANTS, TWWI, and ECHD.
ReplyDeleteBighoper and Dave, I went ahead and got in GTLL. I figured since I got in pretty low and GTLL is a low floater and moves pretty quick when it moves that it will overcome any wide B/A spread.
ReplyDeleteI hear .10 is coming quite soon. Is that what you've heard?
P,
ReplyDeleteif you bought at 0.031, it's a great buy. BTW, I myself added at 0.04. Another great thing is that the reverse merger has been arranged for by a company (Belmont Partners) which has an impressive track record in this field.
Check this: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49441026
Some of their reverse mergers were 100 baggers !!!
One year from now (or earlier), this may trade over a buck.
Excuse me, I meant CJBK.
ReplyDeleteHello all,
ReplyDeleteI've been considering buying into GTLL but I'm trying to find if the company has a sound business plan. If you guys have a better understanding of the company, please share it.
Regards,
Sam
Damn! I wanted to accumulate more MSOA at 1 cent and it has already doubled WITHOUT any news yet...
ReplyDeleteAVNR breaking out after having its price target raised from 3 to 9 bucks!
ReplyDeleteSam,
ReplyDeletecheck the I-hub board, there are all answers to your questions. IMO, now is the best time to buy at 3 cents. Don't worry, if they walk it down to 2 cents afterwards, in a few days/weeks we will be probably trading in the 0.10-0.50 range.
GLTY
Nice cup handle breakout with DNE. To bad I don't own any.
ReplyDeleteGRNH is trading like it's about to be pumped with news. The signs are increase volume the past couple of days and "pretty" technicals. It might be worth a stab.
ReplyDeleteDNDN got FDA approved and they halted the stock. I'm hoping for 60 bucks.
ReplyDeleteCard, why would they halt trading on DNDN just because they got FDA approval??
ReplyDeleteI've seen many stocks get FDA approval and they don't halt trading. There's not even a bid and ask on DNDN so how could it reach 60 bucks when there is no trading on it?
P, DNDN received approval for the country's first cancer treatment vaccine. That is ground breaking so not much compares to it. Also, the stock has very high short interest. Too much sudden activity often leads to halt. 60 bucks is what I am hoping for after the halt.
ReplyDeleteBighoper, I almost bought AGEN as a coattail rider, but it's not moving like I had hoped.
Also, nice call on MSOA!
ANTS has been a monster. I'm hoping to get out at 2 bucks.
Bighoper and Card- do you expect a sell off of MSOA given that today's spike has come with no news, or do think that the anticipation will cause the stock to continue to rise?
ReplyDeleteShip_It, I don't expect it go up like this in the coming days, but I'm not expecting a massive sell off either. This was a technical bounce that was due. It may give some back, but not all.
ReplyDeleteGRNH dropped some news shortly after the bell. Some of these pinks are pretty predictable.
Card, DNDN has come out with something very historic. The first cancer vaccine in the HISTORY of medicine!
ReplyDeleteIt's also going to bring in TONS of revenue since it costs between $50K to $75K per patient! A LOT more expensive than going to Walgreens. LOL
Something this big is much bigger than what caused VRMLQ to become a 3000 bagger.
I know there are other factors in play but with such a historic acheivement and all that extra revenue coming in why isn't around $100 bucks a share a target for DNDN?
Would you recommend buying DNDN tomorrow at any time?
P, a lot of people were selling the news since it was pretty expected. I was hoping that they would have made the announcement after hours so I could sell it during the pre-market or after hours at top dollar.
ReplyDeleteIf the price slowly rises throughout the day, then I would buy it. If not, I'd wait for it to bottom and then buy it. I think it will eventually hit well above 100+ if it doesn't get bought out first, but the gains won't come fast. They'll make almost $200 million just off 2000 people at 25% capacity. That's some serious coin and it's just for one form of cancer.
This is just US money. Imagine the money once the drug is able to be sold to the rest of the world. Asians and Europeans get cancer too. Once the trading shenanigans are over, this is a no brainer buy.
P, DNDN's shorts are losing. It's probably because of all the upgrades. You may want to think about buying now, if you haven't already done so. Just keep in mind that this isn't necessarily a fast money play. It's more of a retirement/grandkids play.
ReplyDeleteI'm liking TWWI for a Monday gapper. It could be good to 40 cents.
ReplyDeleteCard, I read some analysis on DNDN last night and a pullback was likely but it didn't happen. I set my order overnight in the high 40s but that's ok though since I prefer the 30% plus daily/swing trades that have been posted so often on here.
ReplyDeleteI only have marginable funds now so do you know of any NASDAQ, NYSE, or AMEX stocks or ETFs that would be good for at least a 10% gain on Monday morning?
TIA buddy
P, I think LOOK sets up well for the rest of today and Monday.
ReplyDeleteBighoper, no one mentioned IMUC as a DNDN piggyback play. That's the stock we should have picked yesterday. Oh well!
ReplyDeleteYes, IMUC looks great. I am also looking at the low-floater ALRN. It is holding nicely around 1.20 and sooner or later will run again, IMO.
ReplyDeleteCard, many of those cancer stocks that went up with or soon after DNDN are in the Mentor Capital Cancer Immunotherapy Index. Those are biotech firms that use targeted immune system therapies to treat cancer.
ReplyDeleteBut that was only mentioned in today's DNDN PR at 1:03 PM ET.
How do you suggest we would've found those DNDN piggy back stocks yesterday and in general finding those piggyback stocks for any stock when they have a huge PR?
Card, any thoughts on XOMA? Nice news just out.
ReplyDeleteLOL, terrible call on ALRN. I guess I'd better leave today and wish you a great weekend.
ReplyDeleteI like DPDW as an oil spill play. The volume is starting to crank up into the close.
ReplyDeleteVIVK flying after two big news releases today !
ReplyDeleteMonday gapper?
can someone tell me or show me where I can find information on what the Q stands for on the end of stocks?
ReplyDeletethanks again to everyone on this blog! VERY helpfull...
Ryan, the Q at the end of stock means the company is in bankruptcy.
ReplyDeleteThey have a tendency to run huge but you have to be in at the right time and get out at the right time. Card posted CTBHQ or something like that a couple months ago.
VRMLQ is a very rare MEGA lotto stock that if any of us owned from Aug. to Nov. last year we'd be living in our own mansion with a choice of luxury cars and basically would never have to work again or not for a long time.
P,
ReplyDeleteLOL, I love your obsession with VRMLQ. I have another one for you. Look at the 5-year chart of PDO. Do you see the fantastic spike in the summer of 2008? If oil prices go up again, this is the stock to own - it has the same float as VRMLQ :-)
By the way, did you buy MSOA? Almost a quadruple today since I called it here two weeks ago.
Bighoper, I get nightmares because I knew about VRMLQ at a .01 but never put a single dollar into it!! Can you believe even if you had ONE DOLLAR of VRMLQ last August then it would've turned into 3000 dollars in 3 to 4 months??!???!????!?
ReplyDeleteThat's why I obsess about it so much. I hope one day I can get some vindication by at least getting a series of plays that come close to VRMLQ since finding one like that is like finding a living dinosaur.
I feel AWFUL about not getting in MSOA but the chart didn't look good and if you see at the end of February it was over .08 and then it tanked and then just traded sideways with little volume on most days.
Like you said it suddenly doubled without news which was totally unexpected. Have you found out what caused it? At least it moved back to .02 but again how long till it makes a move up again?
PDO chart is amazing like you said but it's around 5 bucks now so you won't get anywhere near the exponential gain we saw with VRMLQ even if breaks the 36 bucks or so it saw in summer of 2008. With the huge oil spill and likely increase in gas prices there's a good chance many of these oil stocks could rise but probably not with the massive gains that we love on so many of Card's picks.
Stocks on watch today and this week:
ReplyDeleteLOOK - Technicals, Apple buyout rumor
DPDW, TRMA, and FUEL - Oil spill plays
DIMEQ - Momo; Valued supposedly at over $3/share
SILA - Newly named silver co.; Silver's hot
EVSI - New public company; Big volume on Fri.
TWWI - Momo; Technicals
Card,
ReplyDeleteWhat would be your entry/exit strategy on DIMEQ? I have had terrible experiences with companies being liquidated, but your perspective in highly valued, and the risk/reward may be adequate........
Sam, my exit for DIMEQ is $1.00, although it could go much higher. I would think that any entry under 50 cents would be satisfactory. The volume Friday was pretty low. So, I think it shouldn't be to difficult to get something close to Friday's closing price of 43 cents.
ReplyDeleteACLH looks like the oil spill play of choice!
ReplyDeleteACLH might get to a dime today the way it is looking.
ReplyDeleteCard, don't you think LOOK will comeback today or tomorrow morning at least to the 1.60 levels? Financials are coming out Wednesday and it hit a high of 1.70 today.
ReplyDeleteI think so P. The volume is pretty impressive relatively speaking. That should get some attention.
ReplyDeleteI'm hoping for a big afternoon in ACLH. We'll see!
Loaded the boat again on SSN this morning at 68 cents. Unique share offering temporarily bringing down PPS. 100% CASH now for drilling several more wells in HIGHLY successful known areas (Bakken -- see BEXP's success). May 18th is a magic day. Anyone who owns SSN before then can buy more (if available) for 64 cents, no matter what the PPS is then. Only thing is, this stock is so HOT with volume that it isn't likely those 64 cents shares will be left (company defined at max in the offering). If you can get in before May 18th for under 70 cents, GO FOR IT! This can easily be near $3 by year end.
ReplyDeleteSomeone spoke with the CEO of MOPN and he claims that there product is going to the gulf and that they are in discussions with BP. Lots of people are starting to buy this at the ask. It could be the next one to pop particularly if they PR something after hours or in the morning.
ReplyDeleteWith the temporary (I hope...) draw back on regional bank stocks, which do you guys see as the best bet going forward? I was lucky enough to get in before the big boom a couple of weeks ago but wasn't smart enough to place stop orders to lock in the profits. Oh well, lesson learned, I guess.
ReplyDeleteSome of the ones I'm keeping on my radar:
PRWT
TIBB
BOFL
PSNM
If we see another 15-20% decline in their prices, I'm looking to load the boat and let their long term recovery carry me in to retirement. Thoughts?
Andrew, I like TIBB the best in the short term, but I think they'll all be about the same long term. My only concern with these regional banks is that their share count is increasing 7-10 fold with the capital raises. I'm just not sure how high the share price can go with 100mil shares plus outstanding. Most of them peaked at $15-$25/share with 8 to 17 million shares outstanding.
ReplyDeleteThanks, Card.
ReplyDeleteAs always, your response was well thought through and helpful. Based off your reminder about the number of shares now available, I think I will play it a little safer and wait till TIBB gets back in the low 60 cent range. Thanks again.
IMDC (formally TLLA) had its biggest volume day ever today. I wonder if something is up?
ReplyDeletewhat are u thinking card? im not to sure if i should hold onto it much longer
ReplyDeleteThe news just released by GTMM may make it one of the best reverse merger plays ever.
ReplyDeleteCorrection: GTLL, of course.
ReplyDeleteBighoper, what's you analysis on the lack of trading on GTLL despite the great news? Do you think I could pick up some more shares at .045 today on a pullback?
ReplyDeleteHow long do you think it'll take to reach that .10 to .50 range you mentioned?
Looking at IHUB they're talking mid teens minimum this month.
Just added 120.000 MSOA at 0.013 and planning to score at least a triple like a week ago. Hope that this time it will spike on real news and go even higher.
ReplyDeleteGLTA
P,
ReplyDeleteit is now almost completely under the radar, so I think there may be a pull back. But sooner or later it will spike huge, given the low float and the latest news. You never know with these stocks when they explode! If you don't have patience to hold until it spikes, go and chase oil-spill stocks, etc. This one is a keeper, but requires some patience. I am patient and I am planning to make even more money here than I made on TDGI (5 bags).
Michael, $1.40 is the critical area for IMDC since that is the all time high. If it gets beyond that number safely, I think it will see $1.70 - $2.00.
ReplyDeleteThe only thing that seems to be doing much today is INKND. It is purely a pump, but you might be able to make some money with it. Lots of buying at the ask.
Card, if you see a NASDAQ, AMEX, or NYSE stock that looks good for at least a 10% gain by tomorrow AM please let me know.
ReplyDeleteThe market is getting hit today so I bet there will be some nice gainers tomorrow AM.
Bighoper,
ReplyDeleteExcellent pick on MSOA. I loaded up at .013 and the more I read about it, the happier I'm with holding a position at such a low entry point. Question for you: Wouldn't you consider this position for longer term? The company is already profitable and has very low float ( approx 21MM). These type of picks are the ones I really love because I do see the value in the company ( such as FTER)
Regards,
Sam
P, the big board stocks look ugly right now, but there may be some opportunities late in the day.
ReplyDeleteONCO doesn't fit your criteria and it is already up big, but I think that it may be about to pop again.
Card, ONCO looks great, thanks.
ReplyDeleteSam,
ReplyDeleteMSOA is a gem. Last year, the stock spiked to 25 cents intra day with the same float (see link). Buying below 0.015 today is a no-brainer, because the stock has never ever dropped below one cent and the company is now profitable with lots of plans and a brand-new website. So the downside risk is extremely limited.
Also, they do not sell into fluffy PRs, unlike many other pinkies. A big portion of their funds comes from convertible notes.
IMO, MSOA is great both short-term and long-term and I am looking forward to the next news or just a technical bounce.
http://moneycentral.msn.com/investor/charts/chartdl.aspx?PT=7&showchartbt=Redraw+chart&compsyms=&D4=1&DD=1&D5=2&DCS=2&MA0=0&MA1=0&CF=0&D7=&D6=&symbol=MSOA&nocookie=1&SZ=0
IHSN looks like the next THRR. They are claiming more than a 35 cent buyout (it's currently at 4 cents). This should definitely be a moneymaker for traders today and tomorrow, but don't fall too much in love with it.
ReplyDeleteCard, please let me know of any big board stock for ANY type of profit by tomorrow AM. I only have marginable funds available.
ReplyDeleteI got the tiniest profit from Blockbuster (BBI) this AM since it gapped up a little like I thought it would. It still could be good to gap again from these levels but I'm looking for something better.
Looks like we should've held onto LOOK! LOL!
Added MSOA at 0.011 :-)
ReplyDeleteGuys, look at what happened to THRR and SPNG. Simply horrible.
ReplyDeletebighoper, I would be very very careful in investing in GTLL. It has Antony Welch as a director..he is the same guy who promotes ENCS and MODC(trevor). They are masters in bringing out fluffy PR's(that never materialize) and then diluting the crap out of shareholders.
ReplyDeleteI burnt my fingers(rather my cash) once in ENCS.
TimeJumper,
ReplyDeletethank you very much for your warning. I actually learnt this information a few hours ago from I-hub. They are probably also behind KKUR, for example. Now I'm wondering when the dilution machine starts and when to get out. The volume is still very low and I reckon they first want to attract more sheep and therefore the price may even go up in the short-term.
I just don't get two things:
1] if Welch is a known scammer, why is he involved in GTLL directly in his own name instead of hiding behind someone else?
2] how can the reputable Belmont Partners, who have done more than a hundred of reverse mergers and whose CEO is pictured with Alan Greenspan on their website, sell a shell company to these notorious crooks without any DD at all?
I am thinking about setting up my own Pink Sheet firm and announce receipt of a buyout offer at 50 bucks per share :-)
bighoper,
ReplyDeleteFor all you know the PR regarding Belmont Partners could be misleading.
You bring wonderful picks on this blog. When I read about you waiting for a 5 bagger on GTLL, I thought I will warn you. You might make money on a short term trade.
All I am saying is don't hold your breath. Be careful with this co.
How much lower for the Dow?
ReplyDeleteDown 3.5% for the last week, should drop at least another 2% or so. Wonder if we'll get a 10% correction.
P, lots of good stocks have been hammered. Should be plenty of opportunities for quick gains on big board stocks once this correction is over.
Tim, I'm looking at DOW 10500 first. If that doesn't hold, then I like your 10% at about 10000-10100.
ReplyDeleteI traded MOPN after the news this morning. I got in a little below 8 cents and just sold for 13 cents. If it dips back to 10 cents quickly then I'll probably buy it back. The way it's looking though I should have been much greedier.
Nice trade, Card.
ReplyDeleteTim, which big board stocks do you like, once the correction is over ?
bighoper, there are so many blue chips that have been slaughtered recently (GE, C, BBBY, etc) that present decent value.
ReplyDeleteI bought a good chunk of Citigroup at $3.30 a few months back. I don't think it will ever drop that low again, but that is at least a $5.00 stock in my opinion. At least.
George Soros and Bruce Berkowitz at Fairholme have also bought Citi recently.
I like NMM (a dry shipper) for its 10% dividend yield and to bank on a rebound of the global economy. It's price has been hammered the last week and offers good value. If it gets to $16, I'll buy in on the premise that it has at least an upside of $20 or so to go with a ridiculous dividend yield.
I really like NMM. It's continuing to drop.
ReplyDeleteI wonder if part of the huge sell off is the location of its headquarters in Greece.
I've been looking into whether the country's problems pose a risk to NMM's operations. I mean, I know rioting in general is not good for its shipping business, but I do wonder if investors are overreacting here or reacting to something they shouldn't be reacting to.
Not a lot of coverage on NMM out there, so I'm struggling to find an answer.
Bighoper, my trade in MOPN doesn't look too good now since it ended up hitting 20 cents. I guess I can't be mad at making a profit, but I always hate it when I leave so much on the table.
ReplyDeleteCard and Tim, I've been busy today and just got on but I see the markets have been hammered due to the Greece/European Union unrest.
ReplyDeleteCould you guys please post your best big board to gap up by tomorrow AM?
TIA
Guys, I got in RODM just before the close and already and up a little bit and am looking for a gap in the AM.
ReplyDeleteCard, I feel awful about missing out on picks like MOPN and others but I was temporarily out of non-marginable funds but I'll have them again on Monday so I'll be ready for them!
Bighoper and TimeJumper, I checked the IHUB board and I don't see anything on Anthony Welch being the director. The mood is still upbeat there for the most part but the majority of stocks took a big hit today with the turmoil in Greece and its effects on the European union.
ReplyDeleteEven so, I recall others who played MODC in the past and made good money on it and I think I've played them myself before. I've also heard several traders say MOST pinks/OTC are scams yet we've all seen how big they can profit.
Look at RICP for example. Their CEO or CFO was actually arrested and not only did they go up from .0001 to .0005 now they just had a name change and are in the pennies! It was all over the IHUB board about what a scam RICP was and look what happens!
I find it very hard to believe GTLL would just collapse and dilute now without at least one run left. I still think we should another run to around .10 regardless of Welch or not.
Today is one of the reasons why a lot of people periodically put in "stink bids". Basically that's when you put a limit order bid that is significantly lower than the current share price in hopes that a bear raid, a foul MM shake or something crazy like today happens. P&G dipped from $62 all the way to $39. Somebody got over on that trade since it almost completely recovered.
ReplyDeleteI couldn't do much quick flipping today since my Banc of America investment account went on the blink this afternoon. Unfortunately, this happens often during extreme stages of volatility in the markets. I think their server crashes.
P,
ReplyDeleteI agree with your views on GTLL. I also think it will run, at least once, as they have lots big PR's ready to release. There was also some selling pressure today, as one I-hubber decided to leave the party after the Welch "news".
P, I have no clue about big board gap ups tomorrow.
ReplyDeleteI'm betting tomorrow morning is ugly again since no one seems to know what happened today with that 700 point drop in 15 minutes.
My account took a major hit today, but I see nothing but long term benefit out of this correction. It's time to get some cheapies.
Also, anyone speak Chinese?
Bighoper, I didn't see anything on the IHUB board about this Welch guy at GTLL and I checked yesterday when you posted about it and there's still nothing there so what did you mean that you saw it on IHUB? Did you mean on the MODC board??
ReplyDeleteTim, it was all over the news yesterday than a broker made a mistake by entering in a sell order by mistakenly hitting B instead M and it resulted in BILLIONS of shares being sold instead of millions. That created a domino effect and the thousand point loss but it recovered to the 300s.
My guess is things will be a little better today in the markets and also next week unless some other unforseen major negative news pops up.
GRBG looks to be the penny play of the day right now.
ReplyDeleteBighoper, thankfully GTLL looks much better today! Hopefully we're back on track for next week for that .10 to .50 you talked about.
ReplyDeleteP,
ReplyDeletebelow is an I-hub link to the Welch info.
The stock is being pumped today by two stock picking sites on Twitter.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49779303
The prices of some big board stocks are getting very interesting, such as RDN or PMI (both upgraded). I also like ABR after they suprisingly reported EPS of $1.04 per share.
ReplyDeleteBighoper I like PMI a lot.
ReplyDeleteI gave up on GRBG just now for a pretty decent gain. I got scared of the "3PM dump" that often occurs on big movers for the day. I just bought ZLUS on technicals and momo as a weekend holdover. If it finishes over .005 it should get some pretty good weekend buzz even without news.
Card, congrats on ZLUS. Looks in a great shape for Monday's open.
ReplyDeleteBighoper, that link doesn't give any bad info and actually one poster actually said it gives it credibility since it matches the name on pinksheets. The mood on the IHUB board is still upbeat and no one is screaming scam unlike the RICPD board where it's all over the place.
ReplyDeleteIf that was a pump on Friday that was hardly much of a pump! The bid only reached .037!
I found a quote from the CEO you referenced,
"The Company believes its market capitalization will steadily, and perhaps DRAMATICALLY, improve with each passing week as awareness expands."
As you said it's a game changing low float reverse merger play but how long will you stick it out?
I just wish the bid would at least get to over .05 eventhough we all still want that .10 minimum we've been talking about.
P,
ReplyDeleteI still hope GTLL will go up big, but now I have three major concerns:
1)the poster who said it gives the company credibility sold all his shares on Friday
2)the company's possible ties with MODC, which now sells for 0.0001
3) stock price manipulation with wild swings between 1 and 5 cents
Anyway, still holding.
GLTY
Guys, what do you think about GRGR as the next oil spill play?
ReplyDeleteBighoper, I've played most of the penny oil spill plays. GRGR is coming back now and could do well the rest of the day, but always sell these things at the open the next day. They never hold gains. I'm personally waiting for the first "penny" company to definitively say they have an actual order from BP before I buy another one.
ReplyDeleteI'm looking for a possible after lunch move in APCX. It's already retraced 50% from the high and has a pretty low float. Even if it trades sideways, it should be fairly safe to hold overnight.
Card,
ReplyDeletegood luck with APCX. What do you think about GRGR's behavior today? The volume is record-breaking, but the stock has barely moved. I think they are selling as much as they can into the PR, because they know that the probability of landing a contract with BP is very low. What do you think?
I agree Bighoper. GRGR looks like classic dilution.
ReplyDeleteIf anyone is interested, I mentioned about a week ago that I was watching the stock SILA. It's up about 30% since then and I believe it has a lot of "perfect" qualities. The pumping of the stock has really kicked into high gear the past few days. I think it hits $2 pretty quickly.
Card, what do you think of GRBG? They had news today about a product for the oil spill and the stock has responded nicely with a lot of buying at the ask.
ReplyDeleteDo you think it could test the .0035 it got recently or maybe even go a little higher?
Bighoper,
ReplyDeleteIn regards to GTLL, would you agree that because trade volume is so low, the downward price movement would not be considered very alarming? Regardless, I'm not very pleased with its performance, but the low float would certainly make it move dramatically upward on positive news.
Please let me know your thoughts on exit strategy, price targets, etc.
Thanks in advance...
Regards,
Sam