GGR: GeoGlobal Resources Inc [was GEOG was BOWG] (2000 + )

Top 438. Feb 14, 2003 7:22 AM

» Kirk - Three Up Days

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<img src=http://cbs.marketwatch.com/charts/int-ad... width=452 height=469>

I'm not sure if this applies after a correction or consolidation.... but look at what happened the last time we had this pattern.

Candlesticks: Three White Soldiers
http://stockcharts.com/education/Resourc...
Three white soldiers is a bullish reversal pattern that forms with three consecutive long white candlesticks. After a decline, the three white soldiers pattern signals a change in sentiment and reversal of trend from bearish to bullish. Further bullish confirmation is not required, but there is sometimes a test of support established by the reversal.

TA is often wrong, but I thought it would be interesting to point this out. The candle sticks are not that long and we had more of a consolidation of a gain rather than a correction so I don't think it really applies... but it is interesting that we have such strong moves after a consolidation when the overall market sucks.

My personal and newsletter BOWG buys and sells are announced via email to my newsletter subscribers as they happen. I post them here on occasion if I remember, have time or feel like it AFTER THE FACT so it clear it is not a recommendation. This allows me to have tons of disclaimers in my newsletter saying how this is a risky stock, etc... and how you should manage risk in an overall scheme of things.

YTD Graph:
<img src=http://cbs.marketwatch.com/charts/int-ad... width=452 height=570>

-- posted by Kirk

Top 439. Feb 14, 2003 12:46 PM

» Hu - Re: Three Up Days

In response to message posted by Kirk:

Wow! BOWG is knocking on it's highs with some pretty solid volume. Interesting.

-- posted by Hu

Top 440. Feb 14, 2003 3:00 PM

» Wendell - Re: Re: Three Up Days

In response to message posted by Hu:
Of course Hugs, this stock was just waiting around for you to show up again, as was I. Good to hear from you Mr. Hugs, even if it is for a wee bit at a time. Thanks for your reentrance in this great land of the BOWG. As usual Hugs, I don,t know what the heck I am talking about.

-- posted by Wendell

Top 441. Feb 14, 2003 4:19 PM

» Hu - Re: Re: Re: Three Up Days

In response to message posted by Wendell:

Quite okay, Wendell. Neither do I. But it was hard not to comment on this wild and silly thing, after thinking myself so clever feeding the face of it's run last month. But holy, moly. Can you believe where it's still headed? Ha! Guess it ignored my wimpy offerings. Musta thought of them as appetizers, or something.

Run, baby. Run. (Daddy's got more, but ya got's the low ones. Get's to jumpin' higher if ya wants 'em.)

-- posted by Hu

Top 442. Feb 14, 2003 4:45 PM

» Wendell - Raging Bull

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1915 (Because... me no a little.) menoalittle 14 Feb 2003
6:26 PM EST

1914 Is this long weekend one that BOWG longs should be menoalittle 14 Feb 2003

-- posted by Wendell

Top 443. Feb 15, 2003 5:06 PM

» Whirlwind - Re: Three Up Days

In response to message posted by Kirk:

Kirk,

Shorting after such a run-up is common practice. Given all the loopholes that can allow shorters to roll over their positions for 3 years before covering (in three years time most penny stocks go back to visit their vomit) and scaremongers/crooks like A&P who recruit fellow shorters to bag a target, shorting isn't all that hazardous given the extent of the current run-up.

If the company is healthy and cash flush one still can short and cover a tumble at the overbought stage.

-- posted by Whirlwind

Top 444. Feb 15, 2003 6:33 PM

» Wendell - From EL Toro Malo

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By: drs774tx
15 Feb 2003, 05:37 PM EST Msg. 1918 of 1918

Does anyone have the TA agents name and phone number for BOWG? That should setup an alarm to cover any short coming at us :o) However, it has not been the MO of this company up til now to short it's own stock. Outstanding shares of only 13+Mil. says it all for the past, but then again 100Mil. setting on top of us :o( It is a smart person who watches their back. Wish we knew more about who they are talking too. IMHO, Still an excellent investment at this time!!!! David

(Voluntary

-- posted by Wendell

Top 445. Feb 15, 2003 8:14 PM

» Hu - Re: Re: Three Up Days

In response to message posted by Whirlwind:

First, read my post on the energy board here.

If there are some shorting of Bowg right now, it's certainly not the average investor. Most (if not all, nowadays) brokerages simply won't allow shorting of stocks under 5 or 6 bucks. Honestly, I find it difficult to believe the average investors have been (or are) interested in buying it at any price level. Why would or should they? It just makes no sense to.

It appears to me (who knows nought) that the bulk of the recent activity (aside from a lot of old "stuckholders" finally cutting loose of the shares that previously might not of made sense to sell at 25 cents a share if they also had to incur the expense of brokerage fees) would be coming from some "other money" that had reason to move the price. On the surface, it looks like someone must have accumulated a lot of shares. Why?

In fact, it's probably much, much easier to reason why the stock has been professionally shorted (brokerages can short any stock at any price)... like you did in your post. It just "looks like" it was an easy target. Too fast, too far, and WAY too high. Just start selling, because it will undoubtedly and inevitably return to earth.

But... who in the heck is doing all the buying at such an outrageous price as a buck, not to mention a buck and 2 bits? And who, or how, or why, and where is this stock being "pumped" by and for and from? The "rumors" seemed to surface well after the last big run up. Isn't that just plain backwards? In fact, why would anyone bother to even pay any attention to them if they were so late in arriving? What was sold is sold. There'll be no buying them shares back at a higher price than they were sold for, that's for sure. So scratch off any "long time holders" of BOWG being responsible for the recent run. Who else would bother to pay any attention to this low life stock until after it sprang to life? The volume dissapeared almost as quickly as it came. And yet, here the darn thing is drifting higher on low volume. That simply shouldn't be.

Unless, of course, something changed. Somebody wanted the stock, paid up for it, and now... it appears they're perfectly content to sit on it. Was it professionally shorted? Maybe. But, why ain't it going down? What a bad feeling can start eating away in the pit of your stomach when you slowly start to realize you just shorted something you didn't understand, and for the wrong reason. (In fact, when you put on paper "the slow drift down" that results from delusional traders gradually realizing the possiblity of a quick gain from their long position is fading... what if you turn that around and consider it from other traders taking a short position? Might it slowly drift up? Probably.)

BOWG is just a wild ass little beast right now that is as unpredictable as the wind. From either the long side, or the short side... it can wheel around on you and gore the livin' piss out of you in a heartbeat.

-- posted by Hu

Top 446. Feb 16, 2003 10:04 AM

» Wendell - Re: Re: Re: Three Up Days

In response to message posted by Hu:

Great insight Hugs, Kinda getting the vibes on what makes you tick. Very interesting Hugs, wonder if there are really any honest companies left out there?

-- posted by Wendell