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

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

Top 447. Feb 16, 2003 10:37 AM

» Whirlwind - Re: Re: Re: Three Up Days

In response to message posted by Hu:

That's the danger shorters face. So you get an A&P to recruit cutthroats to short a company into the ground. But if some stupendous news comes out of the blue, even the most careful short could be done in. I have heard of a penny stock that went from .03 to $30 in a week. No way for a short to recover there. You can tell when the stock has bottomed by the short-covering volume.

Anybody have a site where pennystock short positions can be viewed?

-- posted by Whirlwind

Top 448. Feb 16, 2003 10:52 AM

» Hu - Re: Re: Re: Re: Three Up Days

In response to message posted by Wendell:

Didn't view it as referring to a company's honesty (or lack thereof.) What is an honest company, anyway? Would we all answer the same? Probably it'd be easier to cite and agree upon certain examples of dishonesty than it would ever be to mesh a perfect (theoretical) model of honesty around. Heck, who can find an honest man anymore (say nothing of an entire company.) Honesty seems to be something assigned in terms of relativity any more, don't you think?

But, let's talk business. Ideas or "things" that have enough value others will pay "enough" for them. Is that simple enough? That's basic business. Now, how good or bad, large or small, long or short, moral or not, viable or not... so on, so forth... are all adjectives further defining what sort of business it is. Some of the ways we qualify business (i.e., a company) have very straightforward lines of demarkation. Does it make money, or not? See the point?

Perhaps honesty is a term that's more appropriately used in relation to people, and the people that run companies, than a specific line that either "does or doesn't get crossed" by any particular business. Maybe I'm wrong. but it seems we just about have to leave it at "legal or illegal." (Because of such an inherent shortage of honest people nowadays.)

So if we see honesty is a very important element to our own personal "business" experiences... what do we invest (or trade, or deal) in and with? People or... not?

-- posted by Hu

Top 449. Feb 16, 2003 11:02 AM

» Hu - Re: Re: Re: Re: Three Up Days

In response to message posted by Whirlwind:

As far as I know, no one (not even the market makers) have the ability to know what the short positions of an octbb stock is (outside their own firm), as there is no reporting of it that is ever required. So, aside from being aware of what their "buddy marketmaker's" net(short or long) positions are, even the best of them don't know. Granted, some might gather a pretty decent clue from the information they gather dealing in the market for it on a day to day, moment by moment, basis... but that's very precious and valuable information! And don't think that "all marketmakers" are buddies. They're not. In fact, slicing a nice fat chunk out of some suckered in, ill-informed competitor is... well, it's just plain business!

-- posted by Hu