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Post# of 4967307
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Napolion

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Alias Born 06/12/2005

Napolion

Re: None

Sunday, 06/12/2005 6:20:01 PM

Sunday, June 12, 2005 6:20:01 PM

Post# of 4967307
CHAR: @$2.29... Mkt Cap 88 mil, EPS .30, LQ .10, cashflow $49.6 mil, 15 mil shares trading at most, main asset: between $1.7 and $2.4 Billion worth of RECOVERABLE light sweet crude in the ground, TARGET: $10.00...

Good day,

I am a stock picker/trader currently focussing on Oil stocks, since the sector is likely to be hot, till the next recession begins to affect consumption. Until now, I mainly posted at the Wall Street Pit and my last Oil picks were low floater GEOI at $2.95: it recently printed $17.79 for a 6 bagger in 4.5 months...

http://www.thelion.com/bin/forum.cgi?tf=wall_street_pit&msg=726688&cmd=read

... and another low floater, MXC, picked at $5.70 went on to recently print $16.49 for a 3 bagger...

http://www.thelion.com/bin/forum.cgi?tf=wall_street_pit&msg=744111&cmd=read

For medium/long term potential, none of these stocks come close to CHAR, which I picked June 3rd at $1.94: the last close was $2.29. I rarely trade Bulletin Board stocks nowdays, but I had to make an exception in this case...

http://www.thelion.com/bin/forum.cgi?tf=wall_street_pit&msg=782472&cmd=read

After I released the pick, volume shot up 10 fold from 33,100 to 316,600 share the next trading day and has been steadily higher than average since then, even though I posted sparingly, while accumulating the stock.

I have now bought over 40,000 shares of CHAR and increased my initial target to $10.00 within 6 to 9 months, based on additional DD...

CHAR's DD:

http://www.thelion.com/bin/forum.cgi?tf=wall_street_pit&msg=783592&cmd=read

http://www.thelion.com/bin/forum.cgi?tf=wall_street_pit&msg=784234&cmd=read

To put important data in perspective, here is a comparison between between CHAR and GEOI focussing on Oil production versus the number of shares outstanding, bearing in mind that GEOI with its low float and quick moves is a daytrader/swing stock, while CHAR is a longer term hold.

http://www.thelion.com/bin/forum.cgi?tf=wall_street_pit&msg=785990&cmd=read

Disclaimer: I should point out that my only reward for researching and posting about this stock will be potential trading profits that I may realize in my trading account. I am not a registered investment advisor and this information should not be construed as investment advice or suggestion to buy or sell any security at any time. In addition, the information provided may contain inaccuracies and is certainly incomplete: if used at all, it shall be at the user's own risk...

Disclaimer: Invest only what you can afford to lose with a BIG smile. Btw, I am not a registered investment advisor - DUH! - and this post should NOT be construed as investment advice or suggestion to buy or sell any security at any time.

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