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MSMY closed up 112% at .007
A lot of shares available in the 7's, I doubt we will hit 8's today. But even still, to close in the 7's would be paramount!
3.3M shares here and holding. Not a seller anytime in the near future.
So what does it mean when the RSI goes over 70?
Does that mean it is time to sell or what?
It seems from my observations that is when is when people start getting out.
Anyone able to help me understand so I don't make a mistake?
MSMY UP %118.18 on just over 14M shares!!!
Green acres are the place for me...lalala
I am surpised no one is talking about MSMY
NEWS OUT!!!
Reduced shares, again!
UP %109.09 on 8.4M shares traded today!
Finally I am green and BIGLY green after two years of junk pennies!!!
Illiminatt81 -
Just wanted to say: +1 credibility
:) Frdm
This entire chain of conversation surely violates hub rules and should be deleted. The personal wishy washy my heart stuff has nothing to do with the company and its lack of progress or reporting.
It srprises me you would fuss over "promised" anything from the company especially when the supposed "promise" came from an IHub poster with no proof of said "promise". I thought you were an experienced trader?
So your saying the trades today weren't buyers and sellers like you and me but "mechanized virtual trades" to make the market apear to be fluid???
Ummm...
On the days that I was a buyer I could see my bids in L2, and the days that I have been a seller (not of MSMY) I could see my asks in L2. So that makes me thing when I see 200k shares traded there was a physical person (investor/trader) on the other end...not an algorithm. Algorithms are not going to move this stock...buyers are.
Not wanting to get in a tit for tat with you as my knowledge of the markets is limited...but what you just sid makes absolutely no sense.
Can anynoe else support what Riskon said or make it more understandable? I have seen stocks not trade at all for weeks...where were the "algorithms" for those?
Just curious, how did that drop to .003 impact your graph?
Almost 1M shares availabe at .003...someone lost patience.
JJL, you may or may not be aware but EK is about to/may file for bankruptcy. Was in the news.
Since the drop from .03 when I started buying shares (4 months ago) the company has been silent about the business. That is why people are not gobbling up the shares. After a drop like that people are not going to gobble up the shares without any information about what is happening with the business at hand i.e. contracts. My thought now is that the person who dumped those shares may have done it for good reason.
Be nice if all those bid supporters became ask buyers before the market closes today. Would make for a nice weekend.
Well, the fact that they reduced to shares and are not diluting speaks volumes to me. Even the silence isn't scaring me because they did PR right after the crash, and they could have PR'd trash forward looknig statements to appease everyone but they chose not to. That says to me they either have some integrity and are more interested in building their business than they are catering to sub penny flippers, or they went under and haven't told anyone. I am voting for the former.
I wonder how many shares became available during the .03 crash and how many of them have been bought up from the bottom. I think it is important because once this runs even near a penny those folks who bougth in the 2's, 3' and 4's will be selling real quick and flooding the market with shares.
Between Illiminate and I we hold almost 10% of the public float...how much could be left? Surely many others here hold between 3 and 5 million shares, can't be much out there.
No red on the chart for the whole week, that has to mean something to chart investors.
Unfortunately the folks that told Illiminat there would be news the first week of January lied. At least according to what Illiminat posted about his conversations with those in the know.
-1 credibility, I mentioned that a few weeks ago.
Good thing is there are no sellers dragging us down (for now).
Hopefully something breaks soon to get the new year moving in the right driection and give us all something to look foward to.
GLTA
MSMY
cbbmtt,
Last year I was in a stock that shot up and I could have turned $15k into $60k. I had done extensive DD on the company and ignored ALL the red flags. The "run" only held for 3 days then the share price dived to below where it was three days prior...and a year later it was in the trip zeroes. I sold at a $50k loss and salvaged $10k...which I then lost on plays that I followed on IHub which never did what people said they were gonna do.
I tell you all this for this reason alone...only you can decide when to get out or put more in or take the loss and move on. Riskon should know better.
Discussing strategy is ok, such as what OCtrader posted.
Myself I am still undecided about my exit strategy. If there is a run on fluffy news then I will try to recoup my investment then wait it out. If it starts to dive after the news I will dump all shares. If it flatlines I will hold. If the news is not just a fluff foward looking statement but is about an actual contract or merger or new business for one of the subsidiaries then I will hold all and sell somewhere between %20 and %30 to recoup my investment then let the rest ride until the next PR.
You decide, don't let the people on this board control your emotions. You nevr know what their real motivation or agenda is. If you decide for yourself then at the very least you can ony be bitter with yourself or damn happy for yourself with feeling like you owe anyone a big thank you.
Good luck.
Happy New Year everyone and here's to hoping for news week one and prosperity the year though. And good health either way :)
Frdmlover
Backpedaling a bit?
Anyone have any thoughts on MSMY?
TIA - Frdm
Chevy and Jet Ski is far better than any of my investments over the past two years...I'll take it!
I wholly agree on the dilution take, definately something to watch out for and be prepared for, though rather than dilute they could do a split. I would worry a great deal if they chose dilution considering they went through the trouble last year to reduse the shares.
I would like to see green and for once for it to stay green.
So, if news does not com e out the first week of January do you think we will end up seeing .002's again before the third week of January? I sure hope not, I don't mind sitting in the 3's and 4's for a while for but that is still below my current average, any further and well it just won't be fun anymore.
Frdm
Well then, after today I will own 3.5% of the public float.
I sure hope the company is open for business and all that junk that was posted early in the month really was just junk.
Frdm
So how many shares would equal 5% of the company with the current share structure? And if (hopefuly not) they choose to increase the amount of shares then that changes the game of ownership right?
I don't think anyone in this circle of conversation is going to be bashing the stock for a pullback. Those people have not arrived yet lol.
People should be very carefull making judgements about who/what is being greedy. That is a very unfair accusation to make to anyone or to even suggest. The entire stock market is based on greed. Some people play hard ball, some people don't know how to. Unless you are doing the buying then you have no place to critisize.
I really detest people making personal attacks even if they are mild mannered. If the mods were being diligent those posts would be removed asap.
Frdm
RetiredMM,
Thanks for the added info. I will play the game as you laid it out. From experience the last two times I bought including yesterday things played out exactly as you said in this post. Though I did not get the cheapest of shares I did fair better than I did last week in my buys. I played it out in three increments, unfortunately TDA decided 1/3 of my funds wasn't "clear" so I missed out on the late afternoon fire sale which I knew would happen after I filled my bid and then did not make another offer. From what I can see you know your game. I don't have PM but if you wanna get in touch PM me your email.
Thanks,
Frdm
I said it earlier today, plenty of sellers down here. Everyday several hundred thousand shares appear for sale and even more don't appear until notable buyer appears.
If news does not come next week we are going no where fast. I doubt we will drop below .003 for more than a breath (same as before) but we sure aren't going to .03 on ten thousand dollars. That was either a desperate statement assuming some buyers are really sheeple, or someone is a bit overly optimistic. There are plenty of shares down here now to be flipped for months. The longer we stay down here the longer the move back up will take without something significant taking place.
About the news the first week of january...sorry Illiminat but I have to be honest I just don't believe it, its safer that way. You could have your own agenda here as well as Riskon could...its an IHub board so people should take some of whats posted with a grain of salt and a shot.
Only a few days to go then we will know the truth and some people will get some props or some people will have lost their credibility.
I am a buyer again tomorrow, so whoever is selling be generous :)
Frdm
Yuo just can't make this stuff up lol.
It wil take much more than $10k to move this back to .03 unless jaw dropping news comes out.
I put in a hair under $2000.00 today and we are back at the starting gate. There are many shares for sale down here, they just aren't being shown on L2.
Appreciate the optimism though.
Frdm
The excitement isn't over the dollar amount of the trades, but how those trades move the share price so easily.
I have the pressure on the .0037's.
Unless they fill it we aren't going backwards today.
I will be a buyer again tomorrow as well.
Illiminat I hope you are being sincere in what you have posted. I am putting my money where your mouth is lol. Hopefully the folks you spoke to were not misleading you.
GLTA today...help me keep the bid support up so we can't backslide :)
Frdm
I try to steer clear of Prospecting companies. I have followed a few in the past two years and you really need to understand the lingo and laws that go along with a find. Minerals are complicated, not to mention the process from discovery to profit is a very lengthy one. In my opinion those are for long term investors who really understand the business of prospecting...unless of course you buy in on the day of the big discovery.
With this one in particular there three year chart shows no promise at all, meaning in my opinion they have not been successfully digging in the dirt.
KATX is one that I followed and its chart resembles SUGO...glad I didn't buy in.
Just my honest feedback based on my own experience. Do with it what you will :)
Frdm
Well, according to their November PR they are changing the companies focus altogether and moving into real estate. That may explain the drop in share price as most Americans (if you listen to "those" polls) believe we will have a double dip recession, which means prperty values will fall again.
If however, there is no double dip recession and property values beging to rise, tis could be smart move for the company if they have to capital to back up there acquisition plans.
I am gonna wait a few days and see what happens, if I miss the boat then I will just clean the blood off the block and wait for the next knife.
I believe they are moving from Communications to Real Estate...quite a change of business plan, where is there background in Real Estate? I know of a few other companies I followed and bought into that suddenly changed their entire business type, an they turned out to be frauds or at the very least not profitable. Buyer beware perhaps.
I don't trust my own DD anymore lol.
But the falling knife stocks always make my lever hand twitch.
I am still in MSMY waiting for the major rebound...nothin has been revealed yet since the big drop.
So, another falling knife would make me a circus act...I may have to get in. This time I will wait a few days to make sure the knife doesn't have someone behind it pushing it down further.
Merry Christmas and Happy New Year!
Though I don't post often I do read the board every day, I have enjoyed this board and learned a few things along the way.
Good luck to us all in 2012 :)
Frdm
1st week of January is only a week away. I hope for all our sakes what you were told will be backed up with an actual contract. I think a promise of one is not going to be enough to move this anywhere. Either way it will be good to see what they told you be backed up and not put off.
You didn't, I assumed it based on your earlier comment that you would be buying today. Either way the volume today totals less than $1000.00 in trades. Not exactly earth shattering, although it does show how easily this moves. What I am curious to see is how it moves once we pass .01...I think there will be a lot of sellers unless the news we recieve involves a contract.
Unfortunately it will get beat back down by 5000 block swaps.
1 person cannot carry a run..sorry but nice try :)
Does anyone know why this company went public in the first place?
If they didn't have a strong background with provable successes in their business model then how did they convince investors to buy into the IPO? Anyone know the history there?
TIA - Frdm
thank you for that detailed response. i so wish I had a friend that was into the stock market so I could a partner is crime as it were. I think it would much easier and more entertaining :)
How did you see this comming? Everyone else here has been saying today is the day it sling shots upward. I know RetiredMM said to sit the bid as well...unfortunately I had already bought. I would just ONCE like to buy at the bottom if for anything just to satisfy my own ego.
So anyway as to my question to you, what gave it away for you that didn;t feel compelled to buy in the .003's?
Frdm