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Sunday, August 3, 2008

Only holding GCOG in my tax rebate to $6000 mission

That's right...I am only holding GCOG Gulf Coast Oil and Gas. I am also holding UVSE and IVOI on the personal side.
GCOG could make my account or break my account. I currently have 143,000 shares of this stock and I am also down about 40 percent. Why am I going against what I have always done and cut losses early. Could this be that they have a PR coming out about maybe the new website, production news, or even renewed leases. PR releases can potentially give stocks a boost on a nice volume spike. I will be very tempted to sell on any given upward move due to me not having much patience on these sub penny plays. I am also very angry with this CEO in hiding. With their not having hardly any news released by this company, it makes especially nervous holding onto this one.

Stocks I will be watching include:

FFGO- might buy on a pullback

QMNM- up 23% on Fri. volume is starting to pick up again

HTOG-anymore news and should spike

UVSE-everybody bailed on news of a bad well, just 1 well. Looks like a buying opportunity. I will be watching closely.

PINR-This is a new one for me...volume picking up....well see

3 comments:

Androo said...

QMNM is a garbage company, trust me. I went long a while back, still own it, but they kept reverse splitting the stock to keep it afloat. I only have 250 shares now...

UFgemini said...

Yeah...i hear ya. It had potential when coal prices were high and it went from .01 to .07 in one day with a ton of volume. After it dived, everybody lost faith in it and alot of people got burned. Only way its going up from here is to post a tremendous quartely earnings report.

scott said...

I'm guessing the volume is usually thinner than you like, but you may want to consider adding AKYI to your watch list. Seems to fall into your super low-priced range of followings, and this pink sheet play actually has a decent (new) product - rechargeable remote for Xbox 360, Nintendo Wii that doesn't require battery removal. Refer to Tekno Creations home page for details. I bought two for my son from PC Connection. He loves it. Distribution network is strong. Notably, the 6/30/08 financials show a strong rise in sales and net income, and this doesn't even reflect the bulk of new orders. Just trying to help you (since you've helped me as a lurker), and admittedly spread the word as a new shareholder in the company.