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No, I still have a position. Just wanted a test and to lock some profits
JUST FYI, I put in a sell order at the ask to see how long it would take to get filled, and it was almost instantaneous. So if you see a 300,000 order fill as a "buy" it was actually a "sell"
Interesting. They know its going to move up.
PLEASE STICKY MY LAST POST UNLESS YOU ARE WORKING ON ONE THAT IS BETTER THAT WILL BE UP SOON. IF YOU ARE, JUST POST THIS IN THE MEANTIME PLEASE :)
Fantastic DD on EMXC: Expect .02+++!
Let's cover a few important and value adding aspects of this company.
They are in the process of uplisting with NASDAQ. If that in itself doesn't get you excited than I don't know what will.
They have finished preparing their corporate financials through the end of 2009 and they are being reviewed by the company's Corporate Accountant and then the SEC auditors.
They have prepared a full disclosure information statement, which is being prepared to be filed at their corporate website, at www.pinksheets.com, and the SEC.
They have prepared numerous other filings for the SEC and Pinksheets that will be filed in the very near term.
They are currently rebuilding and rebranding all the EMAX Internet sites, including their online store ad media platforms.
They have retained the SEC auditing services of Bongiovanni & Associates, Inc., http://www.BAI-CPA.com, to prepare the company's financial audits and to help further work towards meeting SEC fully reporting status for up-listing.
They have retained the services of McMullen Associates LLC, http://www.mcmullenassociates.com, as securities legal counsel for the company. The attorneys at McMullen Associates have over 20 years' experience working with public trading company preparing documents, procedures and filings to meet SEC fully reporting status for up-listing to OTCBB exchanges as a fully reporting company.
Finally: The company believes the shareholders will be happy in seeing the true value in those dividends when they read the financials, which the company is preparing to present in the very near term.
And EMAX Finance has invested into the opening of a full-service real estate company in Florida.
With over $100 million in assets, per their posted book value, and the fact that investors have neglected to dig any deeper than the surface, you are getting a stock very few know about, one that will get you in before investors realize the value in these shares.
The lack of dilution with this issue is another positive factor going forward. Also the company has stated that they do not intend to reverse split the shares.
Good rule Immie. Maybe we'll see a quick turnaround right here. Not sure if MM's are covering because of the pressure? Possible.
Also, can someone post the buys vs. sells? I'm at work and I don't have access.
Wow with the impatience. I'm telling you, the sooner we get that DD up as a sticky the better. I could have had this finished 20 minutes ago. Not sure what we're waiting on. Not to be pushy, but hurry it up with the Guru sticky.
Brilliant, thank you :)
Sorry, you were just not around during sort of a critical time. We need some TEXT DD as well. Do you want me to compile something? I think would could honestly just use the GURU posting because it is extremely comprehensive and to the point.
If something doesn't get sticked soon I'm going to be very mad. There is no reason why the mod of this board should only have one sticky up there. We need DD posted so people can see it straight away. If someone needs to compile a DD post I will do it, but we need to make sure the mod is on board to actually sticky for us.
Hahaha, great minds Immie, great minds.
Now, to actually do something about it...
There needs to be some serious sticky posts up here if we are going to attract new investors. They need to have a quick and easy way to see the DD. The current sticky is ok, but it is nowhere near enough and isn't really that informative if you're looking to make a decision on whether or not to get in.
Wow do you think all of those were actually sells...or do you think they are posting some buys as sells? Because 2.5 million sells in the first 3 minutes is a lot.
Maybe the SEC is busting down the doors on all the corrupt MMs. At least that is my fantasy.
This is crazy. Do you think it is company selling, or bid whacking sellers freaking out
Time to buy
Post Unavailable
Additional Information
I never do those types of orders, not to mention, I don't think you can do those types with Pinks on etrade. No matter, I'll stick it out. The chart is nice.
Also, I've had a buy order in for a half an hour at the ask for 250,000 more shares, and I can't get filled.
Guru has this on watch today, www.pennystockgurus.blogspot.com
I see. I thought he was referring to the MMs not filling orders, not TDA refusing to accept them.
Can you clarify? Because if I misread it I'm sure others did as well.
Actually they can, and they do. What are you basing this information on? The pinks aren't regulated like stocks that are traded on the major exchanges. It is a very corrupt system, that is why you need to be aware of the strategies and tactics the MMs use.
They are getting a little nervous. The down ticked the ask without any orders being filled. They are really worried because they have shorted so many shares.
But you can call in to place an order, correct?
Does anyone know why we have so few market makers on the bid and ask? And also why the lot sizes are so small? I really have never encountered this before.
Can you sticky my last post?
ETLS due for big gains:
Today ETLS broke its high of the year, churning through the .0015 resistance and hitting .0016.
Unlike most pennies, this stock has been experiencing good buy/sell ratios, enabling it to close green every day this week, but at a health rate of between 10-25%.
There are new support levels that are now higher than they have previously been, and since we have broken the high of year, any of these current prices will be considering "cheap" in the coming week/s.
Share Structure (S/S):
The current share structure is as follows:
300 Million Authorized Shares (A/S)
Almost 300 Million Outstanding Shares (O/S) (in the 290s).
This means the SS is MAXXXED out and CANNOT BE DILUTED. In addition, an insider has been slowly accumulating and current owns about 1/3 of the O/S.
Volume:
Because the S/S for ETLS is so attractive (300 million is NOT very much for a pink sheet stock), it does not take much volume to get this one moving, and the attention has not even begun to peak its head of of the bunny hole yet.
The average 10-day volume is : 8,754,059
The volume for the last 5 days has ranged from just over 3 million shares, upwards towards almost 36 million. Also take into consideration that because there are not many shares to go around (low S/S and the CEO owns about 1/3...) and the MMs have been shorting, a Short Squeeze is also possibly in the cards for ETLS.
Another online penny trader who does fantastic due diligence and has a pretty solid track record had this to say about ETLS in a blog post from earlier this week when it was still trading under
.001:
ETLS - A Sub $.001 Stock Worth Accumulating
ETLS is a sub $.001 stock that should pay off handsomely down the road. Why..... you ask? For one the share structure is maxed out. You are purchasing shares and your stake is not being diluted. Also insiders own a substantial amount of the outstanding shares. This alone should help with price appreciation when investor interest comes ETLS's way. There are simply not that many shares to go around.
The chart is also showing an impending breakout. I could see ETLS hitting $.005 - $.0075 a share with some increased investor interest. Keep this stock on your radar in 2010, I have a feeling I will be talking about this it again in the near future.
Since you are a MOD it might be appropriate to get together some due diligence and Sticky it to the board for new investors that are coming here to check us out. Don't make them have to spend too much time weeding through the board, just give them what they need for a quick glance so they can make an educated decision about whether or not they want to get in on this play.
Even posting some of the guru quotes might be appropriate. When you look on a board and see the last sticky was put over a month ago, it is kind of a turn off. If you would like, I can compile something and post it and then you can sticky that, or you can come up with something you feel is appropriate. More than one might also be necessary.
Let me know what you think.
I think so too. I believe we are holding nice at these levels, especially for mid-day trading. We still have quite some volume, though it isn't quite as heavy as yesterday. Closing at .0013 or higher would be wonderful, but it wouldn't necessarily be bad to close within 10-12 either (opinion)
Breaking the HOY should bring in new investors as well.
I agree Yuri. It is actually better for us to experience this consolidation because when it does make its run we will have stronger support and those who wish to exit will be able to do so at a better price.
We don't want to have a sinking ship situation if it runs up too fast. Everyone just needs to hold tight and be patient.
Do we have anyone who has gathered news regarding the pink sheets "stop sign" situation?
It seems to me that they typically like to hold back sells on stocks that have a lot of potential, especially on Friday. I'm sure they have shorted quite a bit here and once we break through the resistance they know it will be hard to cover. They are trying to keep things under control (when are they not....ugh), but just don't get impatient.
Do some DD while you wait.
Yeah, trying not mention other stocks on the board so I'm not deemed off-topic. You can fill in the blank on that one. This is the other half: *C*Y
Um, so, wow. Hope it is full of substance and not fluff.
Looked like a battle there at the end. Excited to see what tomorrow brings.
I'm sure there were many buys that did not go through right there at the end. Looked kind of like a small battle.
PS that .0265 target looks like a V*T* # to me.
At least thats what I associate it wtih.
"Then we shall take them by force."
Can't remember what that is from, but it sounded like a quote from something so I put it in quotes.
::STAY ON TOPIC::
Um...
I still think that .002 isn't too far off. If not today by EOD, possibly tomorrow, especially with the above average volume for the 4th day in a row, today being the highest.
Rock Chalk Jayhawk, go KU!
Someone deal with the wackers please.
I don't think you will attract many serious investors by basically stating you are using this as a pump and dump. This stock will do well on it's own merits, it does not need this kind of frivolity.
All of the MMs went away. All I see is ETMM ?