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LOL...Nice .
I agree that people are dumb to sell at these levels, but for some day traders, they'll sell mid-day expecting a dip, then buy back in at a lower price in the day in order to accumulate more shares...but yeah this is a winner, no reason to sell.
The only major risk here is the possibility of issue new stock and wiping our shares clean...But let's not even consider that one, I don't think it will happen.
The earnings release is not going to be a typical release, but through the courts as the company is in chapter 11...most earning reports are suspended until all the debtors file claims etc...So I'm not sure exactly what type of earnings they're going to be releasing...Since they had to file chapter 11, call it a hunch, but I doubt they will be awesome numbers, but no one expects them to be I don't think.
Nice target, but seems a bit off, I mean if 14bucks is his target estimate, I think he/she would be recommending a buy or strong buy rather than a hold.
Bid falling and rising on day traders..."dip right on time"...that's another way of saying, I'm selling then buying back in five minutes for a 5 % gain, they do this all day long with stocks like this, it creates unpredictable volatility among other annoyances.
Nice Jump into the mid 9 range!
Stuck in the 8 range...A lot of day trading pushing this up and down it seems...
Over 8million volume already! Very nice
Any price guesses for fun at close?
I think you just confused me a bit...They don't have to fill your order? How does that work? I've bought a few penny stocks in the past and never ran into that before?
LOL...Yeah it's been a while since I've traded penny stocks...But I really like what I see from what I've read about this one.
I have my order in, but It won't let me buy this stock pre-market.
Thanks
Does anyone have a link to the current ask price? My brokerage and websites I've checked show it at .088 at the moment...Anyone else find a different number?
Wow, such amazing news! Definitely worth the wait of nearly a year for a PR report that expresses little more than a desparate attempt to pump up briefly share price so owners can dump the rest of their now nearly worthless shares...Sharp spike in price, immediete drop off...these owners know how to play the game all right...Glad I got out of this company 6 months ago when 6 cents was awful, now excitement when it breaks a penny, good luck to the optimistic on this one IMO.
I agree on the averaging down Dart1961 on a stock like this, the only problem is the trading volume is extremely low. I own and have owned more shares than are traded in an entire day in most cases...I can't average down buy buying 100,000 shares if the days volume is at 60,000...It would make people happy by driving the price up, but it wouldn't help me much. A few thousand shares, sure, but larger buys with a low float and very low volume I have found difficult to pull off here. I have a few times when there have been days of trading in the 100,000 or even million share range...but those are very rare indeed it seems.
As far as Karen and the lying goes...She did lie in at least one way. Yes she's been saying for months now that news was coming in a week or two weeks and got away from the lie by being vague. However she did specifically say numurous times a couple months ago that financing had been achieved and that they were just waiting for the money to "be in the bank" before releasing the official report. She knows this, which is why when I call she gets very nervous because she was misleading and she knows it...She probably has a large portion of shares, so would love for the stock to jump so she could sell some of her own. The company could be on the verge of bankruptcy, and perhaps that's the news that's been alluded to yet has not arrived. Not all news is good news :). Though I'm still staying optimistic for now, focussing on other investments that are more active.
Titan...More like Titanic!
I agree dart1961, I'd much rather have an MM trying to raise share value than lower it, as we saw with those two weeks of minute-after-trading sales before.
Yeah, I think a simple "hello" would be enough to take it back above a nickel :).
I wonder who bought 300 shares at a quarter to open? 300 shares is hardly worth the commission fee, unless it's a MM trying to raise the share price instead of keep it low as we've seen in the past. I hope they get something going before summer comes and goes...I don't mind waiting, but almost 7 months without news is pretty ridiculous. I think confidence has been replaced with hope for this one :).
Spoke to Karen this afternoon...(PR REP)...They have a meeting tomorrow; she said she would know more afterwards. Let's hope it manifests this time...It's summer, the only thing that is probably still holding them back from three months ago is $$$...Maybe the financing is finally coming through, if so it will get exciting really fast IMO.
I hope you're right...I have heard the news pitch from them numerous times so I wouldn't get too excited until there's an official release IMO. Though charts look good today.
What was the after hour trade? I can't find an after hour trade posted at the sites I usually check.
I agree, I'm waiting for a good buy back in price, but the share volume is way too low for my purchase at my price and there's no buying pressure...The gap between bid and offer is nearly 100% difference, which means it's going to teeter...Penny looks to be the average medium for pricing...News News News! I can't buy a couple hundred thousand shares when 40k is the days volume! I want a stabilization then a move up, as traditional stocks function, but this one is a bit on the whimsical side and will stay there till we hear something IMO.
Yup, unfortunately the selling pressure is quite higher than any desire to buy...That's why there's always more listed sellers than buyers lately...Why this is, anyone's guess I suppose...All I know is Karen told me months ago that news was coming 4-8 weeks and was assured of it; no news. Hopefully something will come about soon, but it's not looking too good at the moment. I suspect the shares outstanding and float has increased dramatically, otherwise 100,000 shares would make a significant difference. Just my Opinion. Hope for solid financing and NEWS!!!
I sold about 100k at .008 today...Still have faith in the company but it's waning fast...Will hold onto remaining shares and buy in if I can at .006 or so. Best
-Kid
Yup, this has scam written all over it. I'm beginning my sell-off so prices may stay low from my sales. I'll buy back in when actual truth is released.
Perhaps a record share volume today? 0? Common Titan!
Here Here to that!
Yup the MM is back! once it hit a penny the minute after trading .097 sell and then today's sale shortly after market close...In other words someone is intentionally trying to keep the price down. Perhaps they're shorting, who knows. If there's enough buying pressure, no MM can stop a stock from going up unless they own like half the shares. nice green today though!
That is interesting, but then again I can buy it to an extent, I mean the property is way up in northern Canada. They would have to pay me a hefty salary to answer the phones way the hell up there!
LET THE BULLS RUN! I'm with ya on that one :)
Penny holds at days end, news tomorrow? Oh, about the float, yeah my insider knowledge is about the same as yours=Karen...haha. As far as I know what is posted on here is accurate, I have asked about it in the past and was told that it was. Although if a big drill plan gets released with financing, I wouldn't be surprised to see the float rise if the stock hits high levels (They have to pay their bills somehow!).
-Kid
Was that your post? haha...Testing me out? It's been listed on this page since I started posting, seems like forever ago...But you're welcome...I too have a few hundred thousand shares.
I too bought more at .008, I agree with the feeling of news coming tomorrow ow Wednesday.
With before market pricing, I'm thinking a definite Gain on the day, if news comes out, we're talking rocket fuel (good news of course :)).
"Risk comes from not knowing what you're doing." -Warren Buffet
It's what I was told (by Karen), so I guess take it with a grain of salt...I'd sit patiently, which is what I'm doing...It's at the point to where if I lose, oh well, terrible investment, but if it hits, which I think it will, a great profit is to be made...IMO
News next week has been confirmed...Though I feel like I've been here before...we shall see, at least we can't lose over the weekend :).
We should all bombard the company (Karen) with calls demanding information. It's been five months and they can't tell us that something is officially happening? Even the process of attaining finances would be something. She writes the releases, or at least shares in their writings and releasing, and said to me that she's going to wait until the last moment when everything is set before announcing anything. Well that may be good, but then again I got no time frame on when that's going to be. I say we as shareholders demand an answer, I personally don't want to dump roughly 4 hundred thousand shares at a big loss if I don't have to.
Her name is Karen
-(866)-365-4724