http://www.otcmarkets.com/stock/WGAS/chart
Apparently recent news said that the convertible debts are going to be settled as they've now got a commitment of 8.5k in financing (that's a big deal)... and they own 70% working interest / 51% revenue interest in Vermilion block 179
The problem is that it went on a HUGE run friday and I can't imaging buying something that went from .009 to .03 (maybe in the real world.. but not in penny stock land)
The float has been increasing a little bit, but not by a whole lot and I believe it's sitting at maybe 88M or so (I'm still catching up on ihub posts and haven't contacted the ta myself at all)
Here is the thing, though- the more I find out, the better this company sounds. IF the financing is really happening, this should go to around .07 AT LEAST
The float has increased little by little but nothing crazy
Is it stupid to pick up some shares monday? I mean to say I would not want to chase the thing if it gaps up and/or starts shooting up to the moon again monday and yet that'd be a great reason to buy it, I guess
But then I think if I do decide to take a position I'd wait to see what happens at the bell and wait for a pullback. . Everything I have been learning about SHORTING these small companies has always lead me to believe that short sellers AVOID energy companies with "real news"
So- is this the 1 of 1000 penny companies that could be worth buying into? But buying a small company after a huge spike is suicide 99.9% of the time ... so .. I am still on the fence here.
I may gamble a few hundred to find out
Opinions welcome
I have looked at a couple hundred penny companies thus far and this is the first time I have sipped the kool-aide. Not sure if I dare DRINK any, or not. A few of you seem to know a-lot about trading. Some good minds on GFY, for sure.
Apparently recent news said that the convertible debts are going to be settled as they've now got a commitment of 8.5k in financing (that's a big deal)... and they own 70% working interest / 51% revenue interest in Vermilion block 179
The problem is that it went on a HUGE run friday and I can't imaging buying something that went from .009 to .03 (maybe in the real world.. but not in penny stock land)
The float has been increasing a little bit, but not by a whole lot and I believe it's sitting at maybe 88M or so (I'm still catching up on ihub posts and haven't contacted the ta myself at all)
Here is the thing, though- the more I find out, the better this company sounds. IF the financing is really happening, this should go to around .07 AT LEAST
The float has increased little by little but nothing crazy
Is it stupid to pick up some shares monday? I mean to say I would not want to chase the thing if it gaps up and/or starts shooting up to the moon again monday and yet that'd be a great reason to buy it, I guess
But then I think if I do decide to take a position I'd wait to see what happens at the bell and wait for a pullback. . Everything I have been learning about SHORTING these small companies has always lead me to believe that short sellers AVOID energy companies with "real news"
So- is this the 1 of 1000 penny companies that could be worth buying into? But buying a small company after a huge spike is suicide 99.9% of the time ... so .. I am still on the fence here.
I may gamble a few hundred to find out
Opinions welcome
I have looked at a couple hundred penny companies thus far and this is the first time I have sipped the kool-aide. Not sure if I dare DRINK any, or not. A few of you seem to know a-lot about trading. Some good minds on GFY, for sure.
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