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No intentions of being bad here, just being real.
BTW, the companies involved in pump and dumps (and yes, this is a big ol' pump and dump) don't pay for the pumps. Third parties that hold millions of shares do.
I can also name a stock that Ironridge was involved with that ran from .019 to 2.37, plus another one that ran a few hundred percent as well. Both are real companies with revenues. Ironridge knows the difference between scam companies and real ones, imho. They will hold for much higher prices.
Note holders want higher prices for their stock, just like you and I do. No reason to dump it at these prices when they can plainly see that interest and volume are way up this past week in the stock, and that if they wait for a bit then they will be able to convert at much higher prices.
I'm ok with that. I'm even ok with dilution, as long as they dilute responsibly. I've been in and out of a stock for the past few months with an O/S of over 660M and an A/S of 1.35 Billion, price today is .21 and the chart is completely intact after a recent run to .305 (the stock starts with an "A" and can frequently be found on the breakout boards). Plenty of dilution in that one, but also plenty of opportunity to make some money.
this can and will sustain a 2+ dollar pps easy for more than 30 days, then uplisting will happen after show.
Say WHAT??? Have you been drinking the Kool-Aid, my friend? This may get over $2 next week, maybe even $3, but it won't be there for long. It'll be down to .30-.50 in a couple of months. Mark this post!
That's exactly what I'm saying. You show me where it says that CERP has $700 in the bank, and I will print that 10-Q out on my printer right now and eat the whole thing.
Yeah, unless it jumps to .05, LOL, in which case I will sell and buy back later. I don't hold these things for more than a few days usually. Just flip 'em.
Yeah, I don't think it's the end of the world by any means. CERP has been trading tons of volume this week, so as long as whoever is selling shares into the market does it responsibly, I don't see it as a big issue.
A 200M O/S still isn't that big.
Well, it can be hard to get excited about a stock that has a pig seller like this one does. Apparently, he has laid off today, and looks like the bottom might actually be in @ .045. I'm sitting on my .05s, hoping for a double.
Like I said earlier, if they had done this right and not been such pigs, this stock would be trading over .20 by now.
Well, I bought some .05s...not really sure why, as it looks like it wants to go lower. It will be nice when this big seller unloads what he's trying to unload for a few days. Not going to average down though, but I'll hold this for a little while and see what happens. Too good of a story to pass up taking a little nibble.
Yeah, and that, my friends, is why you sell the gap!
You get any of that PIE_ ticker? Bought some yesterday .185, out .225 this morning. Made up for this debacle, lol.
Incredible news!!! Weeeeeeeeeeeeeee!
I'm just careful not to enter a trade unless I know I can sell it that day. My trades have been fairly solid for the past several months, with a few screw-ups along the way. Just gotta take those losses a bit quicker if it starts looking bad, I think.
Are fills not very good with Suretrader? I've got an account with them, just waiting to put some funds into it. The only reason I got it was to get around the PDT crap. I've missed out on a lot of nice plays the past few months because of that. Not gonna buy something if I can't sell it the same day without getting a violation.
Hoping for a huge gap here tomorrow to sell into. Weeeee! LOL. Nice to see a Paragon pump actually going up instead of sideways for weeks. ORYN was such easy money this past year, the first time around. Buy eod and sell into the morning spike. Wash, rinse, and repeat. Nice while it lasts.
Well, the story is quite a good one, but the bid-hammering is quite disgusting. IMHO, you've got a bunch of greedy pigs, willing to take their profits at just about any price. If they had done this right, the stock price would be in the .20s by now. Just absurd.
Heck, you've also got Aldon Smith in the Super Bowl! Two of their huge MVP star endorsers! Combine that with the beverage rollout and the Texas vs. The Nation game the day before the Super Bowl, and they really could have marketed this a lot better, imho. Just ridiculous. Traders and investors are going to look at that stock chart and shy away from it now, I guarantee it. I know I am.
That being said, still gonna watch for a bottom to set in here. I'm sure this will get pumped by someone again in the next couple of weeks.
Yes, the gap is always pretty nice with these guys. I always love it when they decide to do that, LOL...
Well, beverages are due to be shipped out very soon, but where's the bottom? I thought about buying some .05s today, but I still think it could go lower. Really destroyed what could have been a nice chart. What a shame.
I've got my eye on you, PZOO! Nice move off of the bottom here.
Loaded up a few shares of this little turdlet at the end of the day. Promoters sure have been sweet bout letting us make money the past couple of months!
LMAO!!! I did too, Teffy! This is just tooooo eeeaaaasy. They are cramming money into our pockets left and right! Somebody stop them! Wait...on second thought, keep it coming, LOL.
Weeeeeeeeeee!
That's interesting. My fills have been fairly quick with ECAU. That goes for buys and sells. I'm using Optionsxpress.
What's this I see? Upwards momentum?
Here's why WGAS doesn't go down much further than it is right now:
From the last 10-Q:
Asher is permitted to convert, starting on October 24, 2012, December 24, 2012, January 13, 2013 and March 12, 2013 the outstanding principal and accrued interest on the Asher Debentures into shares of our common stock at a conversion price per share equal to fifty percent (50%) of the average of the three (3) lowest closing bid prices of the common stock during the 10 trading days immediately preceding the conversion date.
Now I'm not that good at math, but it looks like the 3 lowest closing bid prices for the 10 trading days preceding 01/13/12 was about .014. Divide that by two and you have .007, which is what Asher's cost per share is for the latest conversion. One must assume that Asher converted quite a few shares on the 18th, but seems to be laying off now for higher prices (judging from the lack of bid-whacking today).
This is all just my opinion. Something tells me we get a nice PR soon and a good jump in share price.
Haha, starting to see a lot of familiar faces here!
Awful lot of volume and big blocks to be a fakeout...but I guess stranger things have happened.
Good luck to anyone that bought today.
Nice. That seems pretty bullish to me!
I agree. "They" could have whacked bids easily down to .02 or lower that last hour, but "they" didn't.
LOL...the infamous "they."
ARCA is one of the MMs that helped force CERP down to .01, as he was doing a lot of selling. Don't know if he's short or just playing games now, but it is curious. But yeah, 1M at .02 is still $20,000.
What do you make of that 8-K, Ken? I take it as good news, looks like they are going to be able to restructure payment plans.
Yeah, SUNR was definitely diluting some here and there, and looks like CANT was also. Those are the two to watch on the offer side.
But what's up with ARCA flashing those milly bids and then dropping them? LOL.
Great day today. I had to sell mine at .024, as my entry was just a bit lower than that on the 8th and I never averaged down. Definitely gonna be getting back in here, either on a dip or a breakout.
Wrong! No R/S. Read more carefully:
Proposal 6. The amendment to the Articles of Incorporation of the Company to effect a reverse stock split of the Company’s common stock, at a ratio of not less than one-for-two and not greater than one-for-twenty, with the exact ratio to be set within such range in the discretion of the Board of Directors without further approval or authorization of the Company’s shareholders, provided that the Board of Directors determines to effect the reverse stock split and such amendment is filed with the Secretary of State of Nevada no later than one year from the date of the Annual Meeting was not approved by the shareholders and received the votes set forth in the table below:
Even though the yes votes were more than the no votes, it wasn't by a large enough majority.
Actually, DNA is unique to living (or once living) organisms. Microships don't have DNA, so if it is found on one it is because it was placed there deliberately by somebody.
You're absolutely right. There is absolutely zero reason to invest in WGAS at this point. Maybe one day, down the road when all of the toxic financing has been cleared off the books, oil is flowing, and an uptrend has been established. I was chastised when I sold the day they announced the R/S. Well, I sold over .01, and now it is basically .001 adjusting for the R/S. I bought it back again Friday, but you better believe I'll just be flipping it like a cheese omelet from Ihop.
I bet they dip this under .01 to shake some folks out, then some great news will be announced, sending it to .02.
Well, note-holders might be cashing in until Feb. 15th or so, but that doesn't necessarily mean that it will keep going down. There seems to be very good demand down at .01, as evidenced by the big blocks we've seen the past few days. Maybe it will just hover around that area for another month before bouncing. My average is quite a bit higher than the current price, but I refuse to average down trying to ping the bottom. I'll average down when it starts coming back up, LOL. I only bought a very small position anyway. I could easily see this bouncing back to .03-.05 fairly quickly, once the selling stops.
Thanks for the work you do over here, PokerWiz4Pennies. I have this on the top of my watchlist, and as soon as I get some dry powder I'm gonna try for some cheapies. Wanted some .009s last week or 2, but never did get any because I just didn't sit on the bid long enough. Need to put a GTC order in when I get the cash freed up. This smells like money over here. I'm guessing convertible debt has held it back some. Any R/S plans in the future that you know of? Thanks.
And whose technology is this that you refer to?
Edit: Nevermind...I see now. Thanks.
A R/S is never good for pennies, with very limited exceptions. This will not be one of those exceptions, imho.
No. The numbers you are looking at for the daily short report aren't actually people taking short positions in MJNA...the number is a reflection of shares trading hands between MMs and brokerages.
The total number of shares shorted during the entire month of December is 43, 216.
http://www.otcmarkets.com/stock/MJNA/short-sales
Hope that helps out a bit.
BTW, gotta share this sell I had yesterday. Got filled at .16.:
.01 was well-defended today, and even got a green close out of it. Nice. Looks like there could be enough demand at .01 to put a bottom in...maybe, lol.
Sold mine today .72 from .65. Will look to get back in on a dip, but you gotta take some profits on the way up, right?
First time over to this board, and was expecting to find some liquid penny stocks, lol. Instead, most of the pennies you guys are posting are completely illiquid turds. CVSL? Nice move today, but at one point the bid/ask was .33 X .40. CGRA? C'mon, guys...we can do better than this.
Haha, you just hope we've found bottom! Truth is, they could take this down to .005 or lower if they wanted to. I won't average down until we start going back up and it looks like the bid whacking has subsided. Right now I feel pretty stupid for buying just over .02, and even more stupid for not dumping once .02 broke. With that volume that traded on the 8th though, sure looked like a bottom at the time. Starting to see some nice blocks down here though.