tag:blogger.com,1999:blog-4815867514277794362.post8946373020051359458..comments2024-03-08T06:18:28.125+11:00Comments on Bronte Capital: Audacious stock promoters or gungslinger day-tradersJohn Hemptonhttp://www.blogger.com/profile/03766274392122783128noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-4815867514277794362.post-63782969034817679202011-03-09T08:21:55.915+11:002011-03-09T08:21:55.915+11:00Looks like the same thing that happened to tiny, u...Looks like the same thing that happened to tiny, ultra beaten down regional banks last year right before the flash crash. you would see a lot of small/micro regional banks tear it up ahead of the economy.<br /><br />looks like the same thing now with energy given the oil stuff going on. Oil is hot so go for the heaviest beta plays around.NotATeabaggerhttps://www.blogger.com/profile/01750039064202384253noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-1173353876060384252011-03-08T22:33:33.388+11:002011-03-08T22:33:33.388+11:00Cigar butt stocks: Ben Graham (and later early Wa...Cigar butt stocks: Ben Graham (and later early Warren Buffett) used to buy bad businesses at VERY LOW prices.... often less than their net working capital.<br /><br />When you buy a business that cheap you usually make a profit NO MATTER HOW BAD THE BUSINESS...<br /><br />The analogy is that if you pick up cigar butts in the street and have a puff its a cheap puff. It may not be a great cigar - but hey it is free...<br /><br />JJohn Hemptonhttps://www.blogger.com/profile/03766274392122783128noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-27229558395526983512011-03-08T19:45:14.044+11:002011-03-08T19:45:14.044+11:00Would you be so kind as to explain to the less-inf...<i>Would you be so kind as to explain to the less-informed readers what "a classic Ben Graham cigar-puff play"</i><br /><br />The analogy's half-explained in the post; it was used by Graham in discussing the analysis of ex-growth businesses and depreciating assets (like spent oil fields). The idea is that if you were buying cigars at full price, you want a full cigar, but if you find a cigar butt in the street then even if there are only one or two puffs left in it, your ROI is still large because your base cost was so low.<br /><br />It's an example from the 30s. It hasn't really translated all that well to an era in which people don't pick up dog-ends in the streetddnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-35984779959104792742011-03-08T09:00:42.437+11:002011-03-08T09:00:42.437+11:00Lucas Energy Inc. is Today's Focus Stock on Mi...Lucas Energy Inc. is Today's Focus Stock on MicroStockProfit.com<br />6:50 AM ET 3/7/11 | <br />GlobeNewswire<br />MicroStockProfit.com announces an investment report featuring Lucas Energy Inc. (AMEX:LEI). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision. <br /><br />The full report is available at: www.microstockprofit.com/lp/LEI <br /><br />Lucas Energy Inc. (LEI) is an independent oil and gas company with approximately 12,500 gross acres (10,400 acres net) of oil and gas leases in South Texas, primarily in the Gonzales County and Wilson County, Texas. The Company is engaged in the exploration and production of oil and natural gas. It holds oil and gas interests in the Austin Chalk formation, Buda formation and Eagle Ford Shale formation. As of March 31, 2010, LEI operated 30 wells that produced approximately 190-200 barrels of oil per day (BOPD) gross. During the fiscal year ended March 31, 2010 (fiscal 2010), its oil production sales totaled 27,833 barrel of oil equivalent. <br /><br />For only $39 a month, you can sign up for our real-time stock alert service. Click here to join now: http://www.pennystocklive.com/join-premium-membership/ <br /><br />In the report, the analyst notes: <br /><br />"LEI last week reported that its Hagen EF No.2H Eagle Ford horizontal well being operated by Hilcorp Energy Company has been fracture stimulated, completed and tested ... The Company expects the well to meet or exceed expectations of 500 barrels of oil per day (BOPD) IP (initial test potential) and increase the Company's net production, cash flow from producing wells, and net proved producing reserves, significantly." <br /><br />"LEI recorded a new 52-week high of $4.59 Friday before closing the session at $4.24. The stock saw trading at a volume of over 25.67 million shares compared to its average daily trading volume of 228.30K shares. LEI remains above its 50-day moving average of $2.24 and its 200-day moving average of $2.06." <br /><br />To read the entire report visit: www.microstockprofit.com/lp/LEI <br /><br />See what investors are saying about LEI at http://www.stockhideout.com <br /><br />Get breaking news on LEI at http://thestockmarketwatch.com/ <br /><br />MicroStockProfit.com is a small-cap research and investment commentary provider. MicroStockProfit.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on MicroStockProfit please visit: http://www.microstockprofit.com <br /><br />MicroStockProfit.com Disclosure <br /><br />MicroStockProfit.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. MicroStockProfit.com is a Web site wholly owned by BlueWave Advisors, LLC. Neither MicroStockProfit.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. Please read our report and visit our Web site, MicroStockProfit.com, for complete risks and disclosures. <br /><br />This news release was distributed by GlobeNewswire, www.globenewswire.com <br /><br />SOURCE: MicroStockProfit.com <br /><br />CONTACT: Brian Johnson<br /> info@microstockprofit.com<br /> 1-888-307-2850Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-63709890679499297182011-03-08T08:22:00.184+11:002011-03-08T08:22:00.184+11:00To anon who purchased at $2.50. You are a better ...To anon who purchased at $2.50. You are a better trader than me.<br /><br />You should know when to sell.<br /><br />J<br /><br />PS. Stock turned over more than 100 percent of the float today as well.<br /><br />if you held it since last week then you are not an active trader. <br /><br />JJohn Hemptonhttps://www.blogger.com/profile/03766274392122783128noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-86802877888269282882011-03-08T08:12:19.850+11:002011-03-08T08:12:19.850+11:00I bought at last week $2.50 and it now has since d...I bought at last week $2.50 and it now has since doubled. I'm tempted to sell while it's still within $4 this week. Your thoughts?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-25904585388040638352011-03-08T04:38:43.393+11:002011-03-08T04:38:43.393+11:00At the moment another +17%!
This stock is overpric...At the moment another +17%!<br />This stock is overpriced (only two million barrels of oil reserves but a market cap of ca. 80m$), but very dangerous to short!<br />At the moment I don't know when to enter a short position...Vitautasnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-65022383194823528782011-03-08T03:32:22.417+11:002011-03-08T03:32:22.417+11:00I'll go with the latter. I haven't seen m...I'll go with the latter. I haven't seen much promotional activity with this stock. Last Tuesday, no one wanted it at $2. Then oil smallcap fever spread from garbage like BDCO and ROYL to LEI and it was off to the races. <br /><br />I would also note that Lucas is in the Eagle Ford, one of the hottest plays in North America. An independent evaluation put PV10 at north of $50mm last year and Lucas provided a revised internal estimate of $83mm back in November.<br /><br />These small oil stocks deserve a discount since operating margin is easily swallowed up by G&A. But Lucas seems to have some assets of value even if they don't seem impressive on a well-by-well basis.<br /><br />Alas, I was long at $2 and sold far too early.Jonathan Khttps://www.blogger.com/profile/17653491403199756436noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-48642074340951143862011-03-08T02:49:13.168+11:002011-03-08T02:49:13.168+11:00I think the answer is a little bit of both. Lucas ...I think the answer is a little bit of both. Lucas (LEI) surrounds itself with promoters of the lowest order, like <b>Donald Baillargeon</b>. A quick search of the <b>MoneyTV</b> host found this:<br /><br /><i>The Complaint alleged that from January 1, 1996 through November 26, 1996, Norman and Baillargeon engaged in various fraudulent acts that resulted, among other things, in the manipulation of the price of the common stock of Alliance, a financially troubled company engaged in housing development and construction. According to the Complaint, Norman and Baillargeon made false and misleading representations concerning Alliance's cultivation and sale of fast-growing "paulownia" trees, its breeding and selling of live goats and carcasses, and its development of a nationwide chain of chiropractic franchise clinics, among other matters.</i><br /><br />He has promoted such winners in the past as Universal Express (USPX) and Imaging3 (IMGG) among others.<br /><br />Any company associating with him and using his touting services immediately goes into my short pile.<br /><br />Another interesting oil name that has exploded in price and volume is Samson (SSN on the ASX and also on the scAMEX). Perth based company but its operations are in Wyoming. You don't see that everyday. Might be worth an examination too.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-77260359815693579962011-03-08T01:30:41.748+11:002011-03-08T01:30:41.748+11:00John,
Would you be so kind as to explain to the le...John,<br />Would you be so kind as to explain to the less-informed readers what "a classic Ben Graham cigar-puff play" is?<br /><br />Thanks.Alex Sebastiannoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-64262761619265098272011-03-08T00:51:21.465+11:002011-03-08T00:51:21.465+11:00One would think the Fort Worth SEC office may have...One would think the Fort Worth SEC office may have interest considering the fact Mesa Energy (MSEH) received a subpoena from them last May. Mr. James Cerna (large investor in MSEH) is a director at Lucas Energy.<br /><br />Yes, there are other micro-cap oil & gas issuers seeing the same thing (volume/price spikes) but not at this pace (1.8 times the shares outstanding on Friday).Diss Cernanoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-48429429622569313422011-03-07T17:40:37.155+11:002011-03-07T17:40:37.155+11:00Well apart from some small cap energy stocks being...Well apart from some small cap energy stocks being outrageously hot stocks I don't know either.<br /><br />But suddenly turning the float over 5 times in 3 days. that is strange - and more than just an ordinary "volume spike".<br /><br />JJohn Hemptonhttps://www.blogger.com/profile/03766274392122783128noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-19277461216751038892011-03-07T14:38:43.911+11:002011-03-07T14:38:43.911+11:00Without naming names, I have been watching other p...Without naming names, I have been watching other penny stocks with similar volume and price spikes. This one does not look any different from the others. Many, but not all or even a majority of them, have been energy companies. Either there is a broader market point to be made, or there is no point to be made. I don't have enough market experience to know whether the broader point is new or as old as the markets themselves.Robert in Chicagonoreply@blogger.com