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Houston American Energy Corp. Message Board

  • bonetraill bonetraill Oct 3, 2013 2:21 PM Flag

    Any follow through tomorrow?

    I'd be very surprised.

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    • follow through..back to the price dripping.

    • I'm gonna say no. Last daily candle we had like todays, that couldn't pass .35, resulted in a continued downtrend.

      • 2 Replies to johnsonstarfish_0212
      • Just like I said, no follow through.

      • Bonetrail and Starfish, I would say that follow through is likely. Even if not tomorrow, I would certainly expect follow through by the end of the year, if by follow through you mean a continuation of the uptrend.

        If you look at the year-to-date chart, it is pretty clear we are on an up trend, even if it is choppy. At the moment, HUSA is mostly a news driven stock and today the news just got dramatically better. HUSA closed on December 31st, 2012, at $.22. Today we closed at $.325, which is a gain of 10 cents for the year so far or about 50%.

        In any event, today HUSA closed up $.0411, or about 14.48%, to settle out at $.325. In after hours, we have a bid of 7000 at $.325 and an ask of 4900 at $.37. For one thing, this tells me we should have closed closer to $.35, which was the high for the day. Anyway, I think we go to at least $.35 tomorrow, but from there it is anybody's guess for the short term.

        Plus, we had a volume of 929,000 today, which is 3 or 4 times the average. So somebody is obviously paying attention to the news on HUSA. It is clear that HUSA has the potential to go higher, especially if you look at the 10 year chart. The shareholder lawsuit has been dismissed. Hopefully the SEC probe will also disappear, if it hasn't already, since it was based on basically the same complaint as the lawsuit. HUSA still has adequate working capital left. No doubt there will be additional capital coming in through a private placement. Two projects are likely already rolling. Three more were added today, with others on the horizon. If an investor wants to get in on the ground floor, this would seem like the time to do it. Two years ago the elevator was on the 20th floor. Now it is in the basement. Wants a ride up? You are at the right place at the right time :)

        Good luck to all HUSA investors,



        Sentiment: Buy

0.195-0.0039(-1.96%)Aug 26 4:00 PMEDT