7 Gas Stocks Breaking Out: To Buy Or Not To Buy, That Is the Question

Posted by timothysykes on Wed 18th of Jun, 2008 02:42:50 PM

On my ridiculous watchlist today there are too many crappy low priced companies breaking out…all will soon be good shorts, my specialty, but for now, I’m tempted to buy one or more before the close…never in the middle of the day (no protection!)

Let’s compare and see which, if any, should be bought. The contenders are:

Tengasco, Inc. Tengasco, Inc. (TGC)
Northern Oil & Gas, Inc. Northern Oil & Gas, Inc. (NOG)
Kodiak Oil & Gas Corp. Kodiak Oil & Gas Corp. (KOG)
Blue Dolphin Energy Company (BDCO)
Royale Energy, Inc. (ROYL)
Samson Oil & Gas Limited (SSN)
Pinnacle Gas Resources, Inc. (PINN)

And their charts:

gas stock 1 7 Gas Stocks Breaking Out: To Buy Or Not To Buy, That Is the Question

gas stock 2 7 Gas Stocks Breaking Out: To Buy Or Not To Buy, That Is the Question

gas stock 3 7 Gas Stocks Breaking Out: To Buy Or Not To Buy, That Is the Question

gas stock 4 7 Gas Stocks Breaking Out: To Buy Or Not To Buy, That Is the Question

gas stock 5 7 Gas Stocks Breaking Out: To Buy Or Not To Buy, That Is the Question

gas stock 6 7 Gas Stocks Breaking Out: To Buy Or Not To Buy, That Is the Question

gas stock 7 7 Gas Stocks Breaking Out: To Buy Or Not To Buy, That Is the Question

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  • Kris
    hmmmmm?
  • Rambone
    Looks like 3.10 is the resistance line for PINN.

    ROYL up on high volume. Will attract a bunch of attention into close and gap up tomorrow morning. This is one you definitely should be in if it closes high of day. Early morning action predicted big move ahead. I think it spikes huge into the close and makes a new 52 week high.
  • Kris
    well....Tony is in TGC. wow, Tony, GST at 1.51! awesome
  • Kris
    NOG resist 16.01. no room to wiggle.
  • Kris
    who is better....ROYL...or....TGC...NOG looks very bullish IF edges over resis.
  • mitil
    TGC is not extended enough to short...may be in a few days...risk is too high
  • in HYHY 2.37
  • I found your blog on google and read a few of your other posts. I just added you to my Google News Reader. Keep up the good work. Look forward to reading more from you in the future.
  • MYEC weeeeeeeeeeeeeeeeeeeeeee
  • Feng
    ABP is the one Tim missed!!
  • Kris
    Oh mitil, I was not shorting. I thought Tim was going long on one of these, from the list above.
  • mitil
    no shares on hyhy to short
  • nice investorslive, what other spam stocks do u see out there? and i'm assuming u're short HYHY at 2.37, not long, right?
  • MYEC about to lose $3 maybe people realized this: http://www.investorslive.com/blog/2008/06/doubl...
  • Fantom
    The bigger they are, the harder they fall!
    Oh where oh where did the blue chips go?

    http://www.politicalmachine.com/article/163507/...

    Enjoy Tim fam.
  • Rambone
    Kris,

    ROYL has a 1/4 of the float and a 1/5 of the market cap of NOG so you're going to get more volatility.

    They are all similar. Some traders don't like trading dollar stocks like TGC.

    ROYL and PINN are the two I'm in. Everyone has their own style though so do with what makes you comfortable. I will say if ROYL closes at a new 52 week high buy right before the close so you can sell at the open tomorrow. Odds will be in your favor for a gap up though nothing is guaranteed in the market.
  • no I'm long at 2.37!
  • I got the mailer today Tim, 12 million circulation, I'd expect more over the next few weeks...

    thats a huge mailer piece,

    I traded out for a dime, looking to rebuy
  • I didn't even think to short though, on the way back down not used to having shares available that easy... o well

    MYEC lets see how she holds up through the rest of the week, HYHY looking for entry around EVEN for the day... if it dips read might get a bit sketchy
  • supertrader
    STXX starting up
  • In HYHY again, only 2.5k this time - 2.32
  • Kris
    Thx Rambone
    ROYL is up so much. Man I saw it below $10. look at it now! Good job.
    I have not decided what to do.....
  • supertrader
    investorslive, how do you know circulation of 12 million? thnx
  • Should squeeze this time in my opinion
  • Feng
    investorlive, why are you long on HYHY?
  • @ Supertrader

    This is a picture of the same one I got... so I can confirm they were actually sent...

    Circulation it shows as 11.8M+

    http://www.investorslive.com/blog/2008/06/tiv-t...
  • getshorty
    Gotta learn to respect the breakout, bought pdo at 29.70, sold it at 30.5, just came back from lunch that shit is at 32.26. DAMN !!!!

    Short MYEC 400 shares I shorted at 3.80 some time ago... die bitch... die...
  • Feng
    What the f*^k happened to GBR?
  • gil
    is hyhy shortable??
  • I went with gut, played smaller this time now I'm down a dime, surprised they let it go red, I'd expect the way these things work that it goes back to green by close
  • Feng
    Tim, quickly add GBR and ABP on your list, at least GBR is flying 18% in less than 5 minutes.
  • Avg 2.28 now, 5k
  • I usually get these mailers quickly before the masses so thats usually my strategy as to how to play these things, for example with KYUS

    Now they squeeze all the shorters into close - they clearly have one goal in the beginning of these runs, dip dip scare out the weak, trap the shorts dip dip and squeeze

    thats my strategy :)
  • me and my TIMalert subscribers are in on TGC at $1.69 and $1.70!!!

    http://www.timothysykes.com/timalerts

    god i love this game
  • RGIlles
    It seems HYHY is following the same pattern as KYUS
  • mitil
    so those spikes just after 12:15 were tim's people..i am in too..should have bought more shares though!
  • supertrader
    my bad investorslive, saw that one the one i received also just ignored it as a made up number, need to find out who printed it :>
  • Jeff
    I got in TGC @ 1.69 and have been in PINN since 2.90
  • Never should ignore usually worth a good trade you just have to play knowing what it is...

    aka trade accordingly
  • sold 3k of the 5k from 2.28 avg - will hold the rest now that I have a padding - if it loses 2.40 I'll exit
  • Feng
    Tim, you don't have to subscribe my service, it is FREE btw, hehe :-) QBIK (I think was your pick or at least someone mentioned), going to close above $4, perhaps is a buy and hold O/N (that is overnight). GBP looking appealing to hold O/N as well.
  • Feng
    ABP volume spiked, most likely will close 52s.
  • Feng
    Somebody will take that 24000 block sell order ABP at $5.40 to spike it higher!! Go ABP.
  • Mike_13th
    I tried HYHY short 2.55,couldnt get shrares

    KOG just unreal
  • Nice Trade Tim on TGC!
  • JeffMoates
    Tim and everybody else, I'm long overnight in:
    TGC @ 1.77 2000 shares
    NOG @ 15.76 500 shares
    KOG @ 4.89 1000 shares
    ROYL @ 10.64 500 shares
    PINN @ 3.15 2000 shares

    I'm not that great at the long side, but looking at the fervor the last time this occurred, these things ran up the entire week. Will be looking to get out first thing in the morning then hopefully play the short side.
  • Tony Ellis
    way to diversify there Jeff...lol
  • JeffMoates
    you betcha Tony! I got oil and ... OIL!
  • Rambone
    PINN ready to take high end of resistance at 2.25. Should surge quick to 2.50 once this is taken out.
  • Feng
    VTG....look out guys it is flying...only 8% but look at the chart.
  • lmsmith
    PDO!!! Wow!!! now look at that stock..... patience...that is beauty-- a month ago this was 8 per share???
  • supertrader
    IDEV starting up into the close, worth a shot here, 1.90 break point
  • i'll give u guys the heads up i just gave TIMalert subscribers, short 2k HYHY at $2.31, c'mon morning panic!
  • balls...or just plain nuts...
    what a day, up down up down...i'm up on the day by $50, exiting all my losing trades to cut losses, and my winners are still running, (most of my losses came from commissions!)
  • mitil
    just wondering what would happen to those who trade 8 times in a week with 10K account!!! it is my first time trading so much...
  • johnnyvento
    HYHY finished RED just like I PREDICTED YESTERDAY.

    anybody who bought HYHY went on a joy ride for a loss...

    open: 2.37
    close: 2.25

    good one tim, keep ignoring my calls
  • Rambone
    I keep seeing some fake bid from ARCA on HYHY for 99900. He puts it in 10 cent below share price. In my opinion it's a short seller accumulating shares on the short end to drive prices up.
  • AdamN
    Tim, I'm w/ you, shorted 1,000 of HYHY at $2.31. Also bought 2,500 of TGC at $1.82.
  • johnnyvento way to go...... not! Who cares, it traded all day, was a great trader
  • Adam
    interesting day w/ all these stocks. holding TGC overnight
  • Smoke
    Wow TGC finally doing something. I've had this stock on my watchlist for almost a year now.
  • Rambone
    All these small cap oil plays are going to have a nasty hangover when the party is over. Ride em till they buckle. We won't time the top so scalp them for profits and wait for weakness to enter a short position.


    Minute you fall in love is when you get blindsided. Take HYHY as an example. Up 18% at the highs of the day and ended the day in the red. Tim scalped his 7% without any care how high it went. This is smart trading.

    If you can master the art of not smashing your head in the wall after a stock you sold for a 10% return goes up another 10% a few hours later you know you've graduated.
  • Zykosis
    buy TGC and ROYL
  • Andy Dearden
    Boy whata great day for buying..... with my sucsess of HYHY that put me up $300 because of the wonderful TIMalerts! During the afternoon i'd become lazy, watchin a few stocks, mainly giving up until i checked my mail and saw Tims blog about the gas plays.. all of the gas stocks he had i had in my watchlist---IRONIC!!! the main stock i was watching was TGC, im not big on oil and gas play but ahhh wat the hell. I got in TGC at $1.75 buying 1000 shares.. im holding till the morning, hopefully this gets pumped some more.... THANKS TO TIM ALERTS IM UP $400! THANKS TIM!!!

    PS: EMAIL ME AT AGONZAGA6@AOL.COM IF U HAVE ANY SUGGESTIONS FOR THIS STOCK! THANKS
  • PCola
    Johnny Vento it went up over 12% from open to peak. Anyone that held through that entire ride and lost money flat out played it wrong. There was definitely money to be made on the long side, and many here did. Why'd you get so fired up, is there a past history here?
  • JeffMoates
    Up $773.35 on just about 28K invested long in KOG, NOG, PINN, ROYL, and TGC. Good luck everybody tommorrow, I'm expecting to by at 35K by the end of the day.
  • Tony Ellis
    Jeff they should make an ETF with POS Oil and GAS stocks for you!
  • Fantom
    Oil, energy, blah, I can understand going long.

    Join me in bring down the banks, follow the money.
  • JeffMoates
    lol, I'll be sure to keep that in mind. I know they're POS stocks, but you have to go with the momentum. Everybody and their dog is investing in these...dogs. Eventually it will be time to short, but not right now. Besides, the last time this happened we had stocks like ROYL, FPP, and MXC going vertical for almost 3 days straight. I know trends change and markets adapt, but I seriously doubt with the momentum they had into the close that there will be a major sell off tommorrow. Every broker in NYC is saying to their major investors: "oil and natural gas is where it's at, not only that, but SMALL oil and SMALL natural gas. BUY BUY BUY!!!" At least that's what I'm hoping for and we'll see tomorrow if I'm right.

    Hey whatever happened to Wes? He was the one who did what I'm doing now on the 3rd day of the last oil and gas run up. I wonder if he's back in these.
  • YngvaiMalmsteve
    SSN looks like it has more room to run than the rest of them. I bought it at $4.50 in after-hours, only 1 cent above the closing price. Plus they had some fluff news recently that they're supposed to spud some Texas well next week, so hopefully that will keep buyer interest.

    Let's see these energy stocks run a little bit more, baby!
  • YngvaiMalmsteve
    Gotta agree with Moates here. It's all about momentum. Momentum is just starting with some of these low-float energy stocks. Not a good time to short them....yet.
  • Hey Tim do you have your Think Or Swim account linked up to Covestor? I was not able to get mine to link up.
  • Tony Ellis
    i wasn't disagreeing. I'm long TGC and FPP overnight, I was just joking about how many of them he had.
  • YngvaiMalmsteve
    SSN up near $4.70 AH
  • YngvaiMalmsteve
    SSN now up to $4.90 AH
  • YngvaiMalmsteve
    Watch GBR tomorrow too. Low floater, former Superman pick. Already up to $9 after hours
  • YMC
    Nice trade bizcboy13 or is that bizcman? LMAO

    You said:
    "Boy whata great day for buying
  • good stock
    TGC target 5.59 if it can get over 2.10 with volume
  • Andy Dearden
    guys made $300 on TGC, again i got lucky, holding over night it gaped up thanks to tim alerts!!!
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