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He meant that you waited till the last minute to buy what was seemingly a good buy in the last half hour of power hour Correct me if I am wrong dblast!
Truly amazing how I looked at the L2 dollar volume jump from 720k$ to 1.2m$ in a matter of minutes
You saw that! Amazing how VNDM just literally controlled the price EOD
Nice blocks EOD!
Buy when everybody is selling and sell when everybody is cheering We all seem to repeat it like it's a friggin' prayer but when you do actually abide by it, you realize how well it works. I made a good profit on my position today that I've had since Friday when many were bashing this stock!
Haha man, you probably told yourself the same thing I told myself "I lost already too much."
We weren't confident enough!
I personally agree with you on that one Awaken. Doubloon has been one of the most resourceful persons I have ever met. When everybody thought everything was doom and gloom, he kept his head high.
I salute you Doubloon!
It's all about being patient eh?! hahaha I know we held positions in similar prices and I bet today was a very profitable day for you as well
Hey Jake, I was about to send you an e-mail haha! Yes, of course I am still here, this is a passion and I am glad $VSUT turned out to be just as we planned!
I have learnt a lot this past year and the most outrageous lesson of them all is history always repeats itself. It really does.
Very interesting news this morning, including this part:
Run $SHMX run!
Could anybody post a level II screen?
I don't have access to my L2 feed atm! Thank you
we've been accumulating the whole month of October!
Haha, definitely! I guess the ones rewarded are the patient ones!
You've got to be very lucky/patient enough to get those shares at 0.0001 But if you do get them, then boom, you're in for a nice flip indeed!
Some nice buys today. Have been very busy lately but still glad to see that interest on 0.0002 is still here
Yes, I agree with you. In my opinion, $SHMX and many, if not all of the OTCBB stocks are not stocks to hold long term. Let's say I had my lesson haha. But I can see $SHMX being a good target for scalping.
It could hit the 0.0003s soon again just because there's a constant interest with buyers emerging on 0.0002. Now, whether or not Asher dumps, they will have to hold on to let the stock run a few ticks just because if they constantly dump there will be no more buyers and they won't be able to dump anymore. It is both in our interest and theirs.
It sucks, but there will always be those who win and those who hold the bag. We've all been in both positions already!!
Then again you are probably right on the asher financing. But it can't go forever.
Imo, the idea of a reverse split is generally seen as a bad move just because everybody's been saying it for years.
I mean, a reverse split would indicate lesser shares, thus a tighter float. Isn't a tighter float what we are looking for? We want the stock to move, not to stay within a certain price range for years
A reverse split isn't always so bad imo When you have a lot of shares like right now, a reverse split can only be healthy
At least they answered very promptly. Looks like the O/S is still below 1 billion.
I've sent an e-mail to Henry Riehl to verify the true current SS. Waiting on reply!
There are indeed 2 billion authorized shares, but how many are really outstanding?
Are you sure it's 2 billion shares? Correct me if I am wrong, but I've been scanning through the fillings and found out that they have 914,472,878 shares issued on conversion of convertible notes since 30/06/2012.
Nice volume $SHMX
Good to see some buying volume ever since this morning $SHMX
From which platform did you pick up that order?
Yeah I like the fact that 0.0002 is pretty strong. Well... let's say that there isn't a lot to go down either, LOL.
VERT sitting on ask at 0.0002
Good accumulation at 0.0002s though!!
I believe those who have made money, not someone who's getting paid 60K$/year to say trading isn't working.
Yes I know you are knowledgeable in your field. I have no doubt about that. Personally I don't trade blue chips because I believe them to be too slow for my liking. The dotcom bubble was a perfect example of greed. But for those who succeeded in controlling it have litteraly made bank.
Do I have a shorter-term philosophy? Definitely. I trade the price action. I am looking for movement, and penny stocks definitely move.
I am a fundamentalist only with actual established companies, a proven track record and a solid management team.
With penny stocks, I don't give a damn about fundamentals. I go with technicals. If it moves up, I ride the wave. If it moves down, I hope to be out before.
No doubt you are. What you say is true. But to say that there's absolutely no way to make money in them just sounds like someone who was badly burned in the past by a stock he believed in.
Yes I agree with you. Many of the penny stocks are severely in debt, have shady management and have unethical business practices. Most of them are also probably non-existent and are only shell companies.
However, if the stock goes up and there's an opportunity to make money, why not grab it? No matter what's the company about. Our ultimate goal here is to make money, not marry a stock.
You are perfectly right though, the longer you hold a penny stock, the worse your odds are and the more risk exposure you are getting into.
I know what I'm talking about LOL, lost all my capital this summer by "holding" a certain penny stock because I "believed" in it. I made the biggest beginner mistakes. First, I went all in and secondly, I "married" the stock. I believed in it. Bad, bad, bad.
Penny stocks are amazingly fun (in my opinion) to trade intraday. The swings are something I love to witness every day. But don't hold that crap, LOL.
Once in a lifetime though, you do get to pick up extremely rare gems and those skyrocket you to the moon!
bar1080, that's how penny stocks are. There will always be bag holders and winners. It's a cycle. One day it's pumped and the next it's dumped.
All those who trade penny stocks have been a bag holder at least one time and have profited at least one time. The only thing to do here is to keep a higher ratio of wins than losses by trading with discipline by cutting losses very quickly and taking profits whenever they are available.
If you start picking up the calculator and start calculating unattainable goals of a dollar when it's barely 0.001 (sorry sykesfan, but let's not dream too much!!), you will be burned and it will hurt like hell. If you believe such goals, then stop right now because it will never happen or at least not in the next 5 years. Keep greed and fear in check at all times!
That being said, for anyone who bought in at 0.001 especially has had amazing opportunity to make good bucks in a single day.
Nobody wants to be a bag holder but if it happens, that shouldn't let us down. Let's say it serves us as tuition fees haha, because next time we hopefully won't do the same mistake
Picked up a position @ 0.0002 myself!
Nice bids coming in
Higher lows are always indicative of a bull trend