SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?


To: TATRADER who wrote (57979)3/13/2007 10:18:13 AM
From: hotlinktuna  Respond to of 59879
 
GL Mark, I got in energy MGLG .55 +.05 on it's news: Magellan Energy Announces LOI for Acquisition of $50 Million Oklahoma Properties
Tuesday March 13, 8:30 am ET

ORLANDO, FL--(MARKET WIRE)--Mar 13, 2007 -- Magellan Energy Ltd. (Other OTC:MGLG.PK - News) is pleased to announce that it has signed a letter of intent with an Oklahoma Private Oil and Natural Gas Group to acquire a substantial portion of their proven and producing properties subject to an extensive due diligence study by Magellan and its advisors on the properties to be acquired.
ADVERTISEMENT


The Properties that Magellan is currently negotiating are as follows:

Monarch Resources, LLC have producing properties in Garfield, Major, Logan, Kingfisher, Blaine, Noble and Payne Counties, with an estimated oil and gas recovery of $50 million in proven developed reserve properties. Most of these properties require minimal work and costs to increase the producing capabilities of the wells on the leases.

In total there is approximately $100 million in proven developed/undeveloped reserve properties in the Oklahoma area that Magellan is currently negotiating.

"The Acquisition of these producing properties in Oklahoma would create an excellent opportunity for Magellan to become a revenue generating company. This would allow Magellan to materialize its business plan and create capital appreciation to its shareholders."

The Oil and Natural Gas sector in Oklahoma is part of the huge Mid-Continent Oil Region that stretched from central Texas across Oklahoma to eastern Kansas. Within this vast reservoir of crude oil were some of the nation's greatest oil finds. TEXAS boasted of Desdemonia, Eastland, Ranger and Breckenridge; KANSAS has Neodesha, Augusta, Eldorado, and Paola; OKLAHOMA claimed Cleveland, Red Fork, Glenn Pool, the Osage, Burbank, Cushing, Healdton, Three Sands, Garber, the Greater Seminole, Oklahoma City, Garvin and many others.

About Magellan Energy

Magellan Energy's objective is to seek out and develop opportunities in the Oil and Natural Gas sectors that represent a low risk opportunity. As well, we aim to define larger projects that can be developed with Joint Venture partners or be entered into by a Joint Venture. Magellan is confident that these viable opportunities exist in a sector that holds long-term fundamental strength.

Magellan intends to exploit energy exploration opportunities through various partnerships available throughout the Southern United States and in doing so build significant Oil and Natural Gas reserves and capital appreciation to its shareholders.

Safe Harbor Statement

The preceding includes forward-looking statements which involve known and unknown risks and uncertainties which may cause the Company's actual results in future periods to differ materially from forecasted results. Forward-looking statements above are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including, without limitation, competition, intellectual property rights, litigation, needs of liquidity, and other risks detailed from time to time in the company's reports filed with the SEC. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, but not limited to, continued acceptance of the company's products and services, competition, new products and technological changes, as well as any and all "other risks" associated with business.

Contact:
Contact:
Bill Akrivos
Website: magellan-energy.com
Phone: 877-282-0055
Fax: 416-282-0055


--------------------------------------------------------------------------------
Source: Magellan Energy Ltd.
tuna



To: TATRADER who wrote (57979)3/13/2007 10:48:15 AM
From: lexi2004  Read Replies (1) | Respond to of 59879
 
LMRA...Guess you aren't waiting for fill the gap at the 4.21.
You know I like LMRA, but one thing does concern me and would very much like your take on it. Realize that we can't base a decision on a stock from TA on one indicator. However, the accum/dist indicator has been in a downturn ever since that first huge candle on LMRA in October. I'm not sure we could just say they sell the rallies. What do you think? I still have some IRA shares, sold my trading shares and now have a bid in at close to filling the gap to add to my shares. Wish I could post a chart here to give an illustration of the point I'm making, but as I've said before, my system doesn't allow that at this time. Look in comparison to DSTI that has an accum/dist indicator that has been in an uptrend.

Lexi



To: TATRADER who wrote (57979)3/13/2007 11:41:58 AM
From: MKTBUZZ  Read Replies (1) | Respond to of 59879
 
Bought AOB at 8.80



To: TATRADER who wrote (57979)3/13/2007 9:05:14 PM
From: y2kate  Read Replies (1) | Respond to of 59879
 
Hello,
any thoughts on CPNLQ? It seems to meet most of the thread's criteria. The company reorganized in Dec. '05 and since then it has traded from .20 to just over 2.00 (today). It has traded up from about 1.50 just 5 days ago, so it's on a bit of a tear.

thanks,

kate



To: TATRADER who wrote (57979)3/25/2007 8:50:33 AM
From: lexi2004  Read Replies (2) | Respond to of 59879
 
Hi Mark,

Was rereading a book I'd bought awhile back: THE TRADING RULE THAT CAN MAKE YOU RICH by Edward D. Dobson. In short, it's the 50% retrace rule. According to the author, in one year he took 5k to 120k by using this rule. Here are the major points:

1. Always trade with the major trend. For example, if it's an uptrend, wait for a retrace of 50% then go long.

2. Once you buy at the 50% retrace, always put in a stop immediately and he suggests at the 66% retrace.

3. Only buy the retrace of the 1st and 2nd moves of that major trend for he says when a stock retraces the 3rd or higher move of the major trend, it is likely to retrace 50% of the whole trend.

Now, it's not always easy to recognize the trends in the beginning IMHO. LMRA had an almost 79% retrace of that big move up. 3.61 - 5.16 was the next move up from that bottom, making 4.39 the 50% fib. Using the 66% stop, that would place it at 4.14 if i did it right. I did:

5.16 - 3.61 = 1.55 then did 66% of that move = 1.02. I then subtracted it from the high (5.16) and got 4.14.

The author does say this - the moves aren't always exact and you can buy in parts..meaning start at the 45%, then add at 50% and 55% retrace; however, still use the 66% retrace or something very close to it for your stop.

Obviously this system doesn't work if a stock is trading sideways; you have to have a clear up or down.

Some food for thought.:)

Lexi



To: TATRADER who wrote (57979)3/25/2007 9:02:42 AM
From: lexi2004  Read Replies (2) | Respond to of 59879
 
Continuing on with LMRA..:)

Using the formula AB = CD.

If AB is that move 3.61 to 5.16 and that next low of 4.06 is the low of the retrace, since 3.61 to 5.16 = 1.02 then you would take the 1.02 and add it to the low of 4.06 giving 5.61 as the target. (BTW, 5.58 is the 1.27% of that move.)

Is that what you are figuring?

Lexi



To: TATRADER who wrote (57979)3/28/2007 9:39:31 AM
From: TATRADER  Read Replies (1) | Respond to of 59879
 
Been busy with Lenten services...Just coming up for air...Glad to see LMRA is moving today...I am sitting with 8000 shares from 4.35 that I bought on March 13th...As I have said before, I firmly believe this stock is going to 14 in the next 2 years...Nanotechnology is going to be hot, and one needs to pick the early birds before they hatch...Any other NANO suggestions...I will be happy to look at them, as long as there are not too many suggestions...

Have a great week...Should return after Easter....

Mark