GGR: GeoGlobal Resources Inc [was GEOG was BOWG] (2000 + )
- Jen_
- Happy
- Whirlwind
- Whirlwind
- Kirk
- Whirlwind
- Kirk
- Hu
- Hu
- Kirk
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» Jen_ - Re: 2/19/03 Market Close Comments
.In response to message posted by Whirlwind:
Allan - you said ....
If you are excited, it's toppy!
How true - how true! I manage our family investing accounts and usually don't comment much on how we're doing.....but....remember well the 1st week of March 2000 I was excited nay ecstatic about our family's portfolio performance - was bragging to my husband and kids about how well their IRAs, 401(k)s and College accounts were doing.....My husband who normally ignores the stock market sensed something not right about my euphoria and half jokingly said "Sell....sell it all".....well I didn't ....and the rest is history......next time hopefully will know to use that ecstatic feeling as a signal to sell....hopefully someday we'll get to feeling euphoric about the market again!....Jen
-- posted by Jen_
» Happy - Re: Re: Re: Re: 2/19/03 Market Close Comments
In response to message posted by Whirlwind:Took some of your advice today.
Price excited me, so I sold some BOWG today at 1.21.
For what it is worth, the shares seemed to be snapped up as soon as I offered them at bid.
Looking at the chart of this stock, it has certainly leveled off. Can't tell if this is base building before another move up or topping out.
Fundamentally, this is some kind of natural gas play, and natural gas has been very strong lately.
Sounds like someone is engaged in wild-catting, which is a very risky business. It can also be very profitable. What I do worry about is this stock in the hands of a very greedy little group. This inside group undoubtably has some sort of scheme in mind to take advantage of the minority stock holders (Us).
This stock is clearly a Las Vegas bet. In fact, you probably can get better odds in Vegas.
-- posted by Happy
» Whirlwind - Re: Re: 2/19/03 Market Close Comments
In response to message posted by Jen_:Yes, my fiancee had the same reaction. In the end even I believed in Nas 7000 before any serious correction and I was always a bear. I remember an investment seminar I attended with a friend in 1999. They were spouting Dow 20-30,000 talk. We brought up the idea of being defensive and includinh gold stocks which they laughed off.
-- posted by Whirlwind
» Whirlwind - Re: Re: Re: Re: Re: 2/19/03 Market Close Comments
In response to message posted by Happy:This chart shows .75 to be important. I wager the stock will go back and retest .75. Of course, I don't know the stock's fundamentals. Perhaps they yet have more rabbits to pull out of their hat.
-- posted by Whirlwind
» Kirk - Chart Updates
.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>
5 Day Chart
<img src=http://cbs.marketwatch.com/charts/int-ad... width=452 height=366>
Disclaimer: 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 like this (over 10X since a low of 8¢) 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.
Good luck!
-- posted by Kirk
» Whirlwind - Re: Chart Updates
Kirk, if you look at this chart you will see tell-tale signals the stock was a buy.http://www.stockhouse.com/comp_info.asp?...
In October and November the stock traded in a straight line--nice basing action. Pennies often have year lows near the end of the year and October-December is tax selling time more so among penny stocks than others. So you have nice base and year ending soon. Good time to buy. Most penny stocks that still blink when you wave your hand in front of them rally January-March.
-- posted by Whirlwind
» Kirk - Re: Re: Chart Updates
In response to message posted by Whirlwind:Yup.. Straight line on near zero volume can be a real key.
Also, buy action often vanishes near year end so those that lost on the eary runs up will sell for a tax loss and get a bad price. this is often a good time to nibble for curmbs with a low set net.
-- posted by Kirk
» Hu - Re: Re: Re: Re: Re: 2/19/03 Market Close Comments
In response to message posted by Happy:What I do worry about is this stock in the hands of a very greedy little group.
Ah, but isn't that part what's made BOWG such a wild and interesting (i.e., exciting) play? Besides, having been here a while, I don't think a buck and change strikes this "greedy little group" as being very exciting... or greedy.
Greed is Good. (You did see the movie "Wall Street," didn't you?) And if this "greedy little group" (it does have a certain ring to it, doesn't it?) indeed pulls a rabbit out of their hat (as someone here suggested)... we ain't seen nothin' yet.
This begs a question. Are there (m)any "minority stock holders" left anymore?
After all, is there any reason that anybody (other than Kirk, who some might contend to be rather close or even a part of said "greedy little group") would stick around after such an incredible huge run as we've just seen? After 2 (or has it been 3?) years of feeling like the little floater in the toilet bowl that just won't go down no matter how many times it's flushed, it might be easy to conclude... not very many.
It's psychological warfare, for sure. But contrary to what I might have thought a short month ago, it would no longer surprise me if this "little turd" didn't return to 75 cents for a very, very, very long time. (Sure, it could happen in a matter of hours or even minutes. Heck, I don't know. I'm only saying... Don't be very surprised if it doesn't.) Peculiar trading, with much of the normal "hype" we might expect to accompany it noticeably lacking. Seems those who might know something aren't saying much. A relatively "weak" press release, that might have been used only to quash certain rumors.
With so much convential wisdom holding it down... what's the right angle to be looking at this from? From fear? No. Wrong time. Wrong place. Greed, then? I trow not. Not here. Not now.
Don't blink. Get weady fo' da wabbit.
-- posted by Hu
» Kirk - Think about the press release
.In response to message posted by Hu:
It might be useful to think about the implications of the last press release:
http://biz.yahoo.com/prnews/030122/phw05...
VANCOUVER, British Columbia, Jan. 22 /PRNewswire-FirstCall/ -- Suite101.com, Inc. (OTC Bulletin Board: BOWG - News) announced today that it is engaged in preliminary negotiations to acquire a minority interest in an unproved overseas offshore natural gas and oil exploration block. No agreements or letter of intent have been signed and no final terms for any transaction have been agreed to. The underlying rights to the exploration block are the subject of ongoing negotiations. A transaction will be subject to due diligence by the Company if and when a letter of intent and agreement are entered into. The Company has not conducted any material due diligence to date.
As presently under consideration, the minority interest would be acquired principally in exchange for shares of common stock of the Company. The issuance of the number of shares under consideration would result in a change of control of the Company, including a change in a majority of its Board of Directors. In addition, the Company's participation may require it to provide material amounts of capital which is not and may not become available to it. Such capital, if it is raised, would be effected through a sale of shares of common stock in a private offering of securities intended to be exempt from the registration requirements of the U.S. Securities Act of 1933, as amended.
There can be no assurance that any agreement will be entered into to acquire the minority interest. In addition, even if a transaction is entered into, the transaction would involve material risks to the Company, including the possibility that no commercial quantities of natural gas or oil will be discovered on the exploration block.
Simple language, they seem to want to use the shares as currency to buy into a wildcat oil and gas deal.
If they buy up all the shares on the market at price Xi and reissue (sell) them later along with many new shares at price Y, then they have an immediate profit of Y-Xi.
Try to figure out what Y is and you will have your key to the stock. If the deal falls through, we already know the stock can bottom below cash per share value.
REMEMBER: This is not advice to buy or sell. I am just "talking about it" as I don't want to be held accountable for anyone's gambling. Overall, you should manage your total portfolio on an asset allocation basis, often with the aid of an investment professional. Within an asset allocation, I find it rewarding and fun to have 1 to 5% in "speculation" where using TA on experiments is a reasonable choice. In my newsletter portfolio, which I recommend for perhaps 5 to 20% of an equity allocation for the top of your investment risk pyramid, I manage many investments like this where I use some TA to try to get better prices to buy and sell.
-- posted by Kirk
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