Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
You as well.
Well there's $1,500 shot. Chalked up to a lesson learned the hard way! Take care everyone.
nope. buyers and sellers haven't found each other yet.
Guess there were no trades today. ...
yes. trading will resume on the grey sheets on 3/9/12. if there are buyers and sellers that match up, there will be trades.
Thanks for the info. I guess we will keep our eye open. So that will be March 9th when they resume?
it looks like we are all out our money but I hope we are not and we will be able to regain some of it at least.
like i said, trading will resume on the grey sheets on 3/9/12. i can not predict how trading will go. sometimes it's heavy following a suspension and sometimes there is nothing, but the first 2 days are usually the best opportunity to salvage something. again, no predictions, and nothing is certain, but history shows that upon resumption of trading suspended companies drop about 70-80% of their pre suspension price.
Well he didn't say they had 10 days I just read that on here. My mistake. I guess I'm just frustrated because it looks like we are all out our money but I hope we are not and we will be able to regain some of it at least. GLTA
Your broker is probably right.
It takes a lot of paperwork to get an MM to sign off on a 211.
Here is the form:
http://www.otcbb.com/aboutotcbb/forms/form211.pdf
It is better to just forget about it unless the company had tangible value.
There are plenty of tradable shells with no value. They have to file the paperwork, or they will not be traded.
Grey market is like trading with a blindfold on. There are no quotes and you will be lucky to find a buyer.
well, everything your etrade broker told you is wrong. there is no 10 day deadline. the suspension lasts for 10 days period. it doesn't matter what the company does or does not do. this company is not "dead". (yet) trading will re-open on the grey sheets on 3/9/12. and again, that's no matter what the company does or does not do. if that was the answer you got from your brokerages help line, you were talking to the least experienced person in the room. if you want real answers, call back and ask to speak to the compliance officer.
CYOS IS DEAD PEOPLE. I just had a call from my Etrade broker about the suspension. They have 10 days to comply with filing the paperwork to start selling/buying again and I'm afraid that isn't going to happen because CYOS doesn't exist anymore. Chalk this loss up to lesson learn for me. :(
I think you call it "toast"
A Grey Sheet company is a Pink Sheet company that has not filed a 15c2-11. Due to this fact, all orders to purchase the accompanying stock must be unsolicited and the issue is “non-piggyback” qualified for market makers. This means that each market maker is responsible for conducting their own due diligence and cannot rely upon the due diligence of another market maker who has previously quoted a bid or ask price for the stock.
There are no market makers in a Gray Sheet Company’s stock. It is not listed, traded or quoted on any stock exchange, the OTCBB or the Pink Sheets. Trades in grey market stocks are reported by broker-dealers to FINRA and FINRA distributes the trade data to market data vendors and financial websites so investors can track price and volume. Because grey market securities are not traded or quoted on an exchange or interdealer quotation system, investor's bids and offers are not collected in a central spot so market transparency is diminished and Best Execution of orders is difficult.
Gray Sheet Companies may have been created under questionable legal circumstances.
For these reasons, most professional advisors will advise you to steer clear of attempting to get a Gray Sheet listing.
thank you for the information..
Grey sheets doesn't sound good....
suspensions last for ten days and ten days only. this will re-open for trading on 03/09/12 on the grey sheets.
Anyone know, if this means for good ?
CYOS SEC Suspension:
http://www.sec.gov/litigation/suspensions/2012/34-66455.pdf
ADMIN Proceeding:
http://www.sec.gov/litigation/admin/2012/34-66456.pdf
Then slap it. Whatcha waitin' on?
yeah, I guess so!
golden cross on the horizon, don't wanna get stuck chasing when the chart crowed starts showing up...
not going anywhere today unless people start slapping that ask!!
Also bought more at .0004 today ..
Looks like it should break .001 in the coming days.
RSI in only .70 and CYOS is showing low volume...
go baby go! back to a penny with any news.
Askin .0005 - golden cross
chart is starting to break out
CYOS
CYOS .0003 x .0004 2 x 3 on watch for volume
I see the MM's are still playing games with my 300k shares..
CYOS sitting at resistance .0004
Could see a break soon .. .0006 is next..
At this point in time I'm not even thinking about cyos; nothing is going to happen, until congress... says so, period!
playingthegame/lastsinmaster
What does that mean for this company?
Gaming Bill Passes Senate Committee
http://www.miamiherald.com/508/index.html?media_id=128322121&genre_id=4216#
Will Congress hold 'em or fold 'em on Net gamble
http://www.politico.com/news/stories/0112/71155.html
par filled another 300k at .0003
Thanks DTGoody for that. I appreciate it very much. And no, I didn't put everything in CYOS. I'll be find if I lose it all, just a little ticked haha. Talking about good movers, I'm having a renewed sense of encouragement with AERN right now. Another day or two like the past two days and I'll be in the green and smiling. :)
The company may start back up again, or do a reverse merger into another private company in the future? Both of which would be good for you. Most likely it will be pumped again before that ever happens. Traders know that this moves easy with volume and different groups may decide to run this again.
Hopefully you did not stick all of your money into just this one stock and you have other money to make trades with. This way you can build your account back up while you wait for this to move again. Which I am sure it probably will go back up again in the future.
By the way I have been where you are at. It happens to the best traders. Don't give up or let this stop you from trading. Trading is where you can make some extremely good money with little effort! Look at ATRN that ran from .012 to .03 cents yesterday! Probably will run again today!
Take care and good luck to you!
Thanks for the input. It was a dumb move on my part to buy this last week. I saw someone post something about it on another board and checked it out. Problem is it was rocketing so fast, already up 1,300% I didn't take the time to look into the company before buying. May be chalked up as lesson learned. Like some said, I've lost 3/4 of my money on this one and may never get it back but no sense in jumping off as this company may start back one day in online gaming with the overturn of the law. The worse case scenario is it drops to .0001 and I lose the rest. Best case is it comes back up and I get my money back and possibly make some. GLTA
Sorry for your losses here. I never understood why this ran in the first place? The company is just a shell with no operations. A few years back they were trying the online gaming scene, but from what I can see they have nothing now.
This ran from the online gaming news that hit last week. People associated this company with that news. As far as selling I am not sure what to tell you? If the company should become active again and they put out a PR then the game has changed and this will go up big.
Question is if?
Depends on how much $$$ you're talking about. I would recommend selling now as I think this is headed back to .0001.
That's what I was thinking too Doc. It just seems all interest in this stock has disappeared but hopefully one day it will come back. Thanks for your advice and also to laser. GLTA
If you are down 75%, why sell? You are already down 75% and could only drop another 25% if it went to zero. Down that much you have a better chance of regaining some. But it's your money. Everyone has to do what is best for them.
Followers
|
66
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
4917
|
Created
|
12/30/04
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |