when tight hole status is over

DISCUSSION STARTED BY: mitch - October 23rd, 2008 - 6:11 PM

+30-4

can anyone tell me when tight hole status will expire i would like to pickup more shares prior to that time thanks mitch

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1 point

BY: yuri71 - November 5th, 2008 - 9:59 AM

+227-29

Re: when tight hole status is over

Ask is 4 cents again! Where is the news on anything??

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0 points

BY: Gooberpeas - November 5th, 2008 - 8:58 AM

+30-3

Re: when tight hole status is over

palmdesert,

Not sure what Pinnacle was thinking but MLORF is the symbol for Montello when you have to buy or sell stock via a U.S. broker who won't accept trades on the Canadian exchange. Since my shares are held in a ROTH IRA, with the brokerage firm, it is my only avenue. Trust me, Cumbersome, but it works.

Cheers

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-1 points

BY: Alicias - November 4th, 2008 - 9:52 PM

+232-28

Re: when tight hole status is over

I think you are correct with that assumption Goober. Higher energy prices, a new government tkaing over, this is good.

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0 points

BY: slasher10 - November 4th, 2008 - 8:15 PM

+139-13

Re: when tight hole status is over

re palmdesert mlorf trades on the pinks and is not a good way to go in my humble opinion as like you said is not associated. ADRs are a good way to go when available, usually from melon i believe. hopefully the election and release of ths will start the upward march.

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1 point

BY: palmdesert - November 4th, 2008 - 5:23 PM

+125-33

Re: when tight hole status is over

Just a heads up , speaking with Pinnacle months ago they told me MLORF is not really associated with the company. Notice it is not on any press releases. cheers

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0 points

BY: Gooberpeas - November 4th, 2008 - 2:21 PM

+30-3

Re: when tight hole status is over

One slight error. It wasn't .25 and .3, but .025 and .03. it was also .0291 on MLORF.

Sorry, I'm not used to these small penny stocks as you have probably figured out.

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1 point

BY: Gooberpeas - November 4th, 2008 - 2:13 PM

+30-3

Re: when tight hole status is over

Back on October 8th, I mentioned that the bottom could occur around .25 to .30 assuming we got a lot of churning (up and down on high volume). Todays price action fits the pattern with the pickup in volume. If we get a week or two of the price swinging back and forth between .2 and .35 with appreciable volume, I would be willing to bet with oil prices beginning to move upward that we have a bottom.

My last purchase at .291 (MLORF) doubled my position and helped more than a lot in doubling down. My advice is to watch the volume for the next several weeks in conjunction with energy prices because when Montello management finally starts talking again, I expect the price to move up swiftly.

Cheerrs