GGR: GeoGlobal Resources Inc [was GEOG was BOWG] (2000 + )
- Kirk
- Gay_Klok
- Kirk
- Dave_K
- Kirk
- Kirk
- Kirk
- Kirk
- Kirk
- Lawhawk
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» Kirk - Good Day to be Long BOWG
.They even tried that sucker "head fake trick" I've warned about here many times. They brought it down early and big on tiny volume to flush out some shares... then the larger orders came later in the day where they had to pay green to get it.
<img src=http://ichart.yahoo.com/w?s=bowg.ob width=512 height=288>
http://finance.yahoo.com/q?s=BOWG.OB&d=c...
For those that don't know about the "head fake" the market makers do with this stock. They seem to get a buy order. When this happens, they OFTEN bring it way down on a tiny order to sucker the foolish shares to panic… Then they use that fear to buy the larger volume of shares.
Look at the chart FOR TODAY and see how they probably sold each other a few shares to open the stock way down early. Then the sucker shares came where they filled some of the order at 47¢ then they've had to pay more to fill the rest of the order with the largest volume so far paying 52¢.
Here are my personal transactions for BOWG the past two years:
10/17/00 BUY @ 40¢
10/22/00 BUY @ 20¢
12/29/00 SELL at 17¢ Short term tax
loss of much higher priced shares)
02/14/01 BUY @ 18¢
06/21/01 BUY X Shares @ 16.5¢
11/05/01 BUY X shares @ 12¢
01/10/01 Sold 0.4 * X shares @ 48¢
03/22/02 Sold 0.2 * X shares @ 64¢
04/03/02 Sold 0.2 * X shares @ 67¢
8/8/02 exercised (BUY) ALL my options at $0.25 to buy back ~0.5 * X shares sold above
This just shows how you can trade a stock you've lost money in and make most of it back. My newsletter cost basis for BOWG is 61¢ a share now after some trading like this. Watch those head fakes!
<img src=http://chart.bigcharts.com/bc3/intchart/... width=550 height=335>
What is really interesting is BOWG is now just an empty shell with $3M in cash (last I heard). Suite101 is really now Marketeam which is private and has no connection to the stock price except for some profit sharing where they still have SOME ties back n forth.
-- posted by Kirk
» Kirk - Re: Re: Good Day to be Long BOWG
.in response to message posted by Gay_Klok:
Well, Suite101.com trading as BOWG has nothing to do with the web site you see here except for a very minor interest should the currently privately held company sell the assets.
BOWG has broken the downtrend with a higher high.
<img src=http://cbs.marketwatch.com/charts/int-ad... width=452 height=366>
Look at what it did as a stock last year… It had a bear market between Sept and mid Dec as it made a series of higher highs and lows until a bottom under a dime. About mid December last year, it rallied from 6¢ to over 50¢. It seems something similar is happening this year. This sort of volatility is great for people like me but many get caught up in stocks that make huge gains and buy only to have the market makers then take the stock down to get these folks to book losses. Then they do it all over again.
Over half a million shares traded yesterday. I wonder if we could use some sort of TA to see when the stock will roll over again? I still hold some shares bought as low as 12 cents. I sold some at 48¢ and 64¢ this year during some of those rallies and then bought some back at 25¢ in August. I still have some WCOM losses to take so I might sell the recently bought BOWG shares into this rally to take gains and offset the WCOM losses.
<img src=http://cbs.marketwatch.com/charts/int-ad... width=452 height=366>
The thing to remember is this is pure speculation. The stock is just a holding company for about $3M in cash with no business model. I expect the holding company to do an IPO when they find a new business that will sell well. I believe the insiders use this volatility to buy back shares and they will do this until few free shares are left.
-- posted by Kirk
» Kirk - Re: Bounce
.In response to message posted by Dave_K:
Yeah Baby!
<img src=http://cbs.marketwatch.com/charts/int-ad... width=452 height=366>
This Stock has been a good money maker the past few years. At today's price, I'm even ahead on all my newsletter BOWG buys and sells. 
I feel pretty happy to be one of the few to have not lost a ton on the internet and to actually be in the black (at the moment... this could reverse fast!).
<img src=http://cbs.marketwatch.com/charts/int-ad... width=452 height=366>
-- posted by Kirk
» Kirk - Crazy - Up 97.4% YTD!
.Penny stocks like this are crazy! Up 97.4% YTD!
I just sold some more at $0.77 to lock in gains in my IRA. A triple on shares I bought last year but I've got some shares bought even lower (and still some high priced shares I lost money on in 2000).
I picked $0.77 for profit taking as it was just cents shy of the 2001-2002 intraday high.
<img src=http://cbs.marketwatch.com/charts/int-ad... width=452 height=366>
This Stock has been a good money maker the past few years. At today's price, I'm now well ahead on all my newsletter BOWG buys and sells.
<img src=http://cbs.marketwatch.com/charts/int-ad... width=452 height=366>
-- posted by Kirk
» Kirk - Now up 123% YTD!
.In response to message posted by Kirk:
Just sold a few more shares today for $0.88 that I paid 18¢ for.
(Tax wise, I still have 60% of those 18¢ shares too!)
Needed to offset the WCOM tax loss coupons from last year I carried over to 2003.
Now I am in the mode of selling some every time it goes up as this has grown to be a significant (3% or more) percentage of my portfolio. This is what happens when you get lucky with a penny stock.
<img src=http://cbs.marketwatch.com/charts/int-ad... width=452 height=366>
I post this as a reminder that you should take profits when your speculations pay off as they often crash back. Look at the charts for this stock for last year and it had manyruns like this where if you took profits, you could buy it back later on.
but even the buy an holders saw the stock go up 85% for 2002 (21¢ to 39¢)!
-- posted by Kirk
» Kirk - Strange day 1/17/03
.It was up after 1PM but then about 10 minutes after I checked my tally sheet again and it was down.
<img src=http://ichart.yahoo.com/b?s=bowg.ob width=512 height=288>
<img src=http://cbs.marketwatch.com/charts/int-ad... width=452 height=366>
-- posted by Kirk
» Kirk - Trade Just went through at a buck!
.Who'd have thought this would be up 138% YTD?
<img src=http://cbs.marketwatch.com/charts/int-ad... width=452 height=366>
<img src=http://cbs.marketwatch.com/charts/int-ad... width=452 height=366>
I just did some more profit taking at 99¢ for my personal account as solid numbers like $1.0000 are often major barriers.
I sell some every time it goes up to try to limit my exposure. My newsletter is now very firmly in the black on this stock with an average price per share of 53.9¢.
-- posted by Kirk
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