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.
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.
Great analysis. Thank you.
I have no background in business or finance, and have only pattern recognition skills and some experience to guide me in stocks. But I must say, I have never seen such a dramatic turn around in a company in only one year. Not only has it been thrilling to see it unfold (though sometimes heart-breaking, temporarily), it has "saved my life", financially.
I would be a very happy camper!
There are links to the past year or two of filings here on iHub, or the OTC website, and Paragon Shipping's website should have more.
Fools rush in.... so I'll play:
.0154 to .0168. Will be surprised if it jumps above .0175 before the weekend. But given 40 million volume Thursday after an 70% increase in 2-3 days, it could happen.
Recently someone said Kay believed his company was really worth 8 billion. Forgive me for not being able to remember who wrote that. Well, if it is eventually worth 25% of that, or 2 billion, that would make current outstanding shares worth ... 86 cents?
Nice insights.
Thank you, 4sleddogs.
You and me...
Beautiful!!!
So, like, get back 1% of the 98% loss that many have suffered?
Well, it's the thought that counts...
Please would you kindly tell me why the "Boards" option would be unavailable for a stock (WRFXD).
Thank you.
Thanks, redsky7.
Sounds like a bottom in BoxShips.
Volume in Paragon today was very high -- 10% of the float or OS (I don't know the difference between those).
"They say" high volume extremes portend a possible reversal. Let's hope the Captain of our ship is mindful of his passengers....
Based on high volume today, would you guess they are still converting?
Or, those closer to the situation acquiring a temporary lows?
Re: Optimistic Trader Post# 142497
IMHO, in strong momentum moves such as 50% up, the second day can see half that ( e.g. we could see .015), and a lesser % gain the third day.
So I envision us seeing at least a brief spike above .015 this week, perhaps reaching the recent highs at .0168-.0175 that some rare trades occurred at recently.
IMHO, in strong momentum moves such as 50% up, the second day can see half that ( e.g. we could see .015), and a lesser % gain the third day.
So I envision us seeing at least a brief spike above .015 this week, perhaps reaching the recent highs at .0168-.0175 that some rate trades occurred at recently.
It would not surprise me if any "Market" orders get taken advantage of now, where MM's or those with special access to order flow try to get shares in the .008's and .009's. In the same way someone got shares at .006 recently when the range was .008-.009. Some people are not trained to use only Limit orders, or do not use software that lets them set prices beyond 2 decimals. Intermediaries can take advantage.
That said, on most days, there seems to be a high degree of integrity in the trading of SFOR.
Hear, Hear!
Don't feel bad for them: they avoided another 36% daily limit loss.
Get Well Soon!
Brilliant. Thanks!
Well stated, Gewitterhexe.
I sure like your style
Q1: Did same broker recommend this stock to you, and will you still be friends if it goes under and you lose your entire investment?
Q2: Did you ever read the thoughts of Jesse Livermore? Never buy a stock in a seemingly hopeless downtrend.
Q3: Why are you still following the advice or stated beliefs of someone who 1) has been a tireless cheerleader for a stock that has fleeced many of 90-98% of their investment, and 2) a person who was not transparent about their actual holdings, while churlishly trying to get others to disclose their holdings? I can tell you that, in the better circles, it simply isn't done.
That said, ... Wish you luck. Wish everyone luck with this.
P.S. As to insiders holding long-term, there are exceptions to every rule: I have seen fanatic believers in their own companies risk a great deal. Some of them emerge as looking rather bi-polar and out of touch with reality in their zeal and ambition. When bankruptcy occurs, don't forget that they are not personally bankrupted: the business is. They have often been getting nice salaries all along until this thing called Reality hits.
There is no evidence to support your theory.
Yes, I recall that person, in a surprising breach of etiquette, pressuring everyone to state how many shares they owned... claiming they themselves had so many, then
Later claiming they actually had been more but could not say why for some secret reason. Now I wonder if that was a survey to see how many litigants were likely in case of Bankruptcy.
Regulation A and needing to stay above 1 cent. A fine fable by them 'at spun it!
Thanks again, redsky7. I really appreciate your insights.
Mr. Boudourglo's letter to shareholder's a few months ago did not give me the impression he would cease operations: rather, it sounded like a counsel of patience from someone who has seen many seasons in the shipping business.
Thanks. At OS of 6,900,000, only 345,000 shares could be converted under the 5% limit. If some conversion happened when shares were at .15, that would only be about $52,000. At .03, a much smaller percent of what is owed obviously....
Are conversions required or allowed before the note matures? ( November 2017?)
Thank you.
Cool. Do they use the former Think or Swim platform?
Shame indeed. It makes one wonder how those plugging the stock 5 times a day ( and bullying any who questioned ) were being rewarded.
GREAT! May I ask where you trade that they let you choose your own sell price, without restriction?
Today was a Bid at .033 for 600,000 shares.
I don't think someone would buy so many if they didn't expect fair valuation was closer to .07 - .10.
Does anyone understand why the equivalent of 600,000,000 pre-split shares are trading?
Can this be anything other than massive un-announced dilution?
All those things plugging this stock every day before the split, have lost credibility. IMHO
You're very welcome.
Well, if it will let you do $2, what about setting up a couple of alerts: set up an alert if it hits $1, then another at $1.25 and $1.50, then you have time to readjust your order if you want to at that time. Fidelity has a mechanism to send you alerts at whatever price you specify (above .01).
.009. Yaaay!!! And I'll say Yaaay! Again at 3 cents.
I do! I do!
Try 99 cents or $1.00
Fidelity will limit sell orders on some penny stocks to 1.00, or 30% from the trading price on other stocks. I was able to place a sell order at 99 cents.
Just notional "holding place", of course.
Ok, admittedly confused now.
Is it written somewhere that that level of dilution HAS to occur, or that it has been decided by the CEO it will occur?
That's about a doubling in number of shares, but share price has fallen 70-75%, so, hopefully we can recover to the 10 cent range.... (??)