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

Top 451. Feb 16, 2003 11:29 AM

» Hu - Re: Re: Re: Re: Re: Three Up Days

In response to message posted by Hu:

Furthermore, if (always the "if") there is a struggle ensuing between certain "behind the scene" forces (i.e., marketmakers) over this particular issues... it will quite likely be resolved only by and with a violent and extreme move one way or the other. Depending, of course, on whether the "mover and shaker's" bluff is finally called... or if he really was dealt a full boat.

What's that leave us? Same thing we've always had... a wing and a prayer.

-- posted by Hu

Top 452. Feb 16, 2003 11:42 AM

» Hu - Re: Re: Re: Re: Three Up Days

In response to message posted by KLR:

There's an ocean full of brokerages and players that are well "outside" the FTC's restrictions. To boot, BOWG's last press release so much as stated a number of shares that might be issued in the near future would't even play by certain rules... (which more brokerages than you might imagine get away with ignoring anyway!) The press release stating that didn't bother me in the least. Maybe I've simply adjusted and am rather calloused to it at this point. After all, I've been aware of those probabilities for a long time now.

True grit.

-- posted by Hu

Top 453. Feb 16, 2003 11:50 AM

» Hu - Re: Re: Re: Re: Three Up Days

In response to message posted by KLR:

Just for the record (in case some missed it), I was one of the sellers recently and am making absolutely NO recommendations to either buy or sell this silly thing.

-- posted by Hu

Top 454. Feb 16, 2003 1:01 PM

» Wendell - HONESTY

As far as investing and honesty goes, one individual comes to mind at once. If everyone had the integrity and honesty as one John Bogle of the Vanguard Funds this would sure be a different investing environment as is being displayed these days. Glad to see this thread getting some play recently, still holding onto my BOWG shares but soon I may get the urge to sell. It sure is nice to have at least one stock in the black. I have really taken it in the bermudas the last couple yrs.

-- posted by Wendell

Top 455. Feb 16, 2003 1:38 PM

» Hu - Re: HONESTY

In response to message posted by Wendell:

We'll undoubtedly both either totally sell out long before we should, or long after we could have... after all, what do you expect for as little as we know about it now?

-- posted by Hu

http://www.interactivebrokers.com/index....

Top 456. Feb 16, 2003 4:56 PM

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

In response to message posted by KLR:

This brokerage allows penny stocks to be shorted. CBJ's on their short list.

-- posted by Whirlwind

Top 457. Feb 17, 2003 7:20 AM

» Kirk - 2/17/03 BOWG Charts and Comments

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BOWG since 12/1/02
<img src=http://cbs.marketwatch.com/charts/int-ad... width=452 height=469>
BOWG since 10/1/2001
<img src=http://cbs.marketwatch.com/charts/int-ad... width=452 height=469>

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

Here is my guess. Deleted… I prefer to not speculate here at this time. I think it is far better to make sure all understand the rules for penny stocks. Lets figure out this shorting issue first.

If others want to speculate, then what would an oil and gas IPO be worth in a World where Saddam is still in power and the US and UN are still debating to go to war 3 months from now? As it is, I'm paying about $2/gallon for premium which is within 10% of an old high. What if the US invades and Saddam ignites his oil fields? Is that already reflected in the price of BOWG or will this news be "pumped" after share volume dries up? (not a bad pun there... smile )

BTW, I've taken profits… substantial profits that come from buying thousands of shares for as low as 12.5¢ a share. It is foolish to not take profits after a huge gain unless you are an insider and know something. My actual targets to buy a dip or sell a rally are in my newsletter where I can give a full disclosure and proper warning about the risk in this speculation.

-- posted by Kirk

Top 458. Feb 17, 2003 7:24 AM

» Kirk - Re: Can You Short BOWG?

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In response to message posted by Whirlwind:

Alan says Interactive Brokers at http://www.interactivebrokers.com/index.... allows you to short a penny stock. How does that work? I thought one of the reasons for the $5 rule is to prevent gambling and large losses on speculations like a penny stock? Companies are delisted and become penny stocks because they don't follow the rules or meet all the liquidity requirements. If a company is too small, then it is much too easy to jerk it around and manipulate the price, especially by the insiders who don't have to follow the rules since they have been delisted.

My advice is don't short stocks unless you are a professional trader even for listed companies. It seems insane to think you know more than the insiders of delisted companies who make their money manipulating stock prices.

The idea of shorting a penny stock that has a history of trading from 8¢ to $1.30 in just over a year and from $11 to $1 as well seems pure folly unless you are a professional meaning you understand how to limit losses for stocks that don't follow the rules to be listed on the NASDAQ.

-- posted by Kirk

Top 459. Feb 17, 2003 9:22 AM

» Hu - Re: 2/17/03 BOWG Charts and Comments

In response to message posted by Kirk:

"If others want to speculate, then what would an oil and gas IPO be worth in a World where Saddam is still in power and the US and UN are still debating to go to war 3 months from now?"

Way too difficult to speculate on. (But, it just might be about the only sort of IPO that would interest me... if it were valued right!) It's this last little rise that has me drumming my fingers on the table. ('cause a remotely similar pattern has happened here before.)

-- posted by Hu