3SOF

Quotehow much more can this stock go up in the next day or so

That's the million dollar question for a lot of investments! (stocks, oil, real estate...) I thought today might be the top so I sold at the open - 42.7.  Dang, 47.2 woulda been nicer.  With parabolic penny stocks I always take some profits at the 3-bagger mark (if my entry was near a swing low or when the stock was basing).  I find the 4-bagger to be elusive, my personal Moby Dick. When I look at UPDA, it found its bottom earlier this month in the 14-15 cent range. A 3-bagger from there is 42-45 cents. This factored into my reasoning for selling this morning. While it wasn't a 3-bagger for me, it was a 3-bagger from the recent low where there was quite a bit of accumulation. What I'm saying is I think it's near the top. Then again, this is pennyland and anything can happen

haha it sure can~!!!
i only have a small amount of free shares left but since they are free i'll hold them to see if they break 1dollar new highs
haha doubt it but ya know- just sayinging i don't try to swing it anymore, i'll just ride it till the wheels fall off- maybe 1 year and 15% tax ;>

Worth holding imo...
has momo.....

reading the 3Q report, they lost 1.5mill last quarter and over 7mill for the year ending sept. 30...but the press releases i've been reading, of the acquisitions, they seem to be producing a lot of oil...this being said, does everyone think that they'll be cutting their losses by a lot in 4Q?  at this rate, how long before a profit...from the looks of it, they're still paying on a 25mill debt from the previous company Procore.  If the production keeps up, it shouldn't be long before their making money.  obviously the market likes the news that they keep giving.

I've been watching UPDA for a month or so, and didn't have cash in the account to buy when it started up, i'd like to get in, after the sell off...which i'm sure is coming.

This run is showing signs of exhaustion. This morning when it sold off I though we'd seen the top at the open, then it rallied up near .60 and it looked like it still had a full head of steam behind it. Late day selloff back to .50 has me thinking we've seen the top again.  I reserve the right to change my opinion three more times tomorrow!

When is the next entry...I still hold a bit (free shares)

laterz...Jody

What is UPDA doing???

I got in a little bit late at 0.427... it had a nice run to 0.55, but then, down down and more down... Is this trend going to reverse itself?

hey Livana - the price you bought (.427) is the exact price at which I sold. You literally bought my shares!  I am guessing we'll see a white candle tomorrow. Chart is set up that way with 3 red candles and the lower volume today. How many days a reversal would last is questionable. When it was falling from .55 to .15 in Nov and Dec, the reversals would last a day or two and then the stock would go lower.  I may take a position in UPDA tomorrow for a short swing trade.

Well, UPDA is already down 4.5% this morning... I knew I was getting in too late. I'm really hoping for that white candle today Lucas Scott... 

just happened to look at the UPDA streamer...making a nice little run...tried to jump on, but i couldn't free up my money...

I'm thinking about getting in?  Any advice? 

I had bought at 18, sold at 20 and missed run to 65.  Arghhh!

But with this constant stream of news, seems like a good opportunity is the 30s?  The number of shares has doubled over past 45 days (to 55 mil) but there's been no dilution during past week or so.

Opinions?  I know risky, but could run with continued good news and inevitable focus on oil?

Quote from: Livana on February 01, 2006, 09:44:04 AM
I'm really hoping for that white candle today Lucas Scott...

Looks like you got it! Today's move was a fairly common one after 3 down days. The stock goes lower in the first half hour or so of trading, then reverses and makes a white candle. That's where the good news may end for you Livana. See chart below. Good luck to you!

Nice big white candle..  Your prediction was correct Lucas Scott. UPDA is up 25%.
I know that looking at previous patterns, it is most likely going to come down from there. I will keep a close eye on tomorrow and might sell...

I was just catching up on my UPDA news...i think this stock still has upward potential, esp. if they keep the production level up of everthing they keep buying up...any other thoughts?


Universal Property Development and Acquisition Corporation (OTCBB: UPDA - http://finance.yahoo.com/q?s=UPDA.OB ) Canyon Creek Oil and Gas, Inc., a joint venture of Universal Property Development and Acquisition Corporation and US Production and Exploration, LLC. (USPX), has increased its oil production by an additional 600 barrels of oil per month as six new wells in it Archer County Regular Field are turned to sales. Four of the six new wells are classified as pumping wells and the other 2 wells are flowing 100% oil through the casing. The 5 wells originally producing in Archer County continue generating 2000 barrels of oil per month.

Canyon Creek will continue to monitor the five original and the six new wells for additional increases in oil production. It is expected that the 4 pumping wells will add more oil once the water is pumped off. The Archer County Field represents 1 of the 7 oil and natural gas fields owned by Canyon Creek.

As previously reported, Canyon Creek has also unexpectedly found considerable gas pressure on the casing annulus of these wells. The Company is making plans to lay a gathering system to each well and deliver the gas to the purchaser. The management is in communication with the gas purchaser to connect the wells to a sales pipeline.

Canyon Creek also reports today that the #2 Prideaux located in South Markley Field, in Young County, Texas, is now making 3,780 mcfg/m and 45 bo/m. The #2 Prideaux was making 90 mcfg/m and no oil when Canyon Creek purchased the lease and the well. Following a work-over that include lowering rods and a down-hole pump in the well, moving in and connecting a 114 pump jack, and setting a compressor vacuum pump to move additional gas to the pipeline, the Company has increased the production revenue 4,200 percent.

Work on Canyon Creek's 17 wells in Coleman County, Texas and its 27 wells in Palo Pinto County, Texas is also proceeding as scheduled. "We will continue to bring more wells on-line and continue to increase revenues in the days and weeks ahead," reports Donald Orr, President of Canyon Creek. "We have these 44 wells that are currently in the process of workover as well as the major gas well in Victoria County, Texas that we are working to complete and produce."

What are the news on UPDA?
I am still holding... yeah, not a great idea I had there! pps is 0.355 as I write this, down 4% from this morning opening.

Any chance it will go back up soon?

Even that news yesterday did not seem to do much for it:

Canyon Creek Completes Additional Well at Hagler Capps Lime Unit in Coleman County, Texas -- UPDA to Report Production Through Its Updated Website
Monday February 6, 7:59 am ET

HOUSTON--(BUSINESS WIRE)--Feb. 6, 2006--Canyon Creek Oil & Gas Inc. has completed its workover and is preparing to turn to sales the #3 Hagler Capps Lime Unit well located in the Hagler Capps Lime Field in Coleman County, Texas, as the Universal Property Development and Acquisition Corporation (OTCBB:UPDA - News) subsidiary continues its program to revitalize the oil and gas wells located on its leases in Texas.