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.
Unbelievable. I think it's time for Greenspan to step down. Those rate increases probably made the difference for some of the companies that are going under. He did not understand the new economy IMO. There hasn't and won't be any inflation with the new economy. Too much competition with the internet around. This is truly a frighteneing experience to be watching. No end in sight.
I've heard the same thing Patsy, but also don't know how true it is. Wouldn't it be funny if the raised the bid up to snatch it from you, like they do on stop losses on the downside?
Based on the PR, you can buy through to the close on 3/13 and get in for the split. Should trae post split on Wednesday the 14th. Do you concur Patsy?
Hi Patsy. NEWY is getting some action today. 4.5 x 7.5. Volume now 7000 which is higher than the entire day Friday. Could get interesting. Hope you had a good weekend.
I've been trying magoo, but not too many even know about our little gem apparently.
Someone had already posted NEWY on the OTCBB splits board, but I just add a post to comment on the float and a little other DD. May get interesting next week. Let's hope so. Have a good weekend.
Low float and a stock split usually means big $$$. It is a situation where the MMs cannot afford to manipulate the stock price much because they have so few shares. Also, this appears to be a reverse merger in the making. Read the posts by Patsy since she has done much of the DD on this.
Also, any shorts that exists, have to be covered prior to the split which can also cause an explosion.
Once we've all bought in, I'll post this on the OTC Stock Splits board. It should get interesting over the weekend since everyone has until the 13th to get in.
$6 on the ask now. Snatch it up before it goes back to $10!
I bought at .06, and see little downside.
This is too funny. Now we're all stuck with a 75% spread. these MMs are too much. NEWY is SCREWY!
Bought 300 shares for the hell of it. Didn't budge the bid or ask yet.
Float is 268K then. My God. I think I'll buy a little.
Float is probably very low based on how it is trading. Coul be another COOX or COBB if a few take the bait.
Yeah, boy you bought in @ 1 1/4 or so, look where it would be now. I bought @ 1.65 and sold on the gap on Wednesday at around 2.20. Who would have known.
Looks goo Patsy. I'm going to buy.
Got 20K @ .06 I think on Tuesday. If you want to buy, I would suggest not placing order for entire 100K in one shot. Spread it out into smaller blocks like 20K.
Congrats Toshac. Don't think you'll see .05 on the ask for LWEI, but good luck trying. I made out well with PAYV today and bought CFIM near the close. Was locked @ .09 at the close.
See ya tomorrow.
Watch for a breakout on PAYV. MASH has been filling a ton of orders @ the ask of .036. Probably an insider or someone. Illegal as hell, but it happens all the time. Look @ level II. Amazing what is taking place IMO.
I've been in RNWR before, but at this point its dead IMO. The fact that they are increasing their authorized means they will eiter ilute their shares, or potentially do a split, but at this point, we don't know. Not taking a chance until more info. is indicated.
Bought PAYV. Now .035 x.037. MASH is on both the bid and the ask. Very strange IMO. Look @ Level II. On the ask, not far from .10. Good support @ .03 on the bid. Took about 5 minutes for my 30K order to be filled.
Is it just me, or is IHub pretty slow today?
Yeh, I did. I never buy anything with a 'Q' on the end. Few bankrupcies leave anything for the shareholder.
The price would have done better if they had announced bankrupcy! LOL. Will bounce back IMO. I'm averaged in the low 20's, so hopefully, I'll be OK.
DEMP should be called DUMP. LOL
DEMP: 7/32 x 1/4. Bottom confirmed. Bought more @ 1/4. Good # of buys coming through. Drug Imporium at .25. Who would ever believe it.
DEMP: 5/16x11/32. Bought as a bounce play. Looks like buys are coming in.
At least they narrowed the split. No forwar splits today. Looks like another hum drum day.
Wow, good luck. I got in at .06, the ask jumped to .05x.07, then the MMs opened it up the next day at .045x.065. No volume that day. It amazes me how the MMs are legally able to change the bid/ask on no volume. Can't understand how this is legal, but they can make a stock a penny or $100 I guess all if they want to. It definitely needs some exposure. I remember when I owned it in the spring when all the news about it were initially coming out. Was quite exciting. The whole dot com fiasco, seems to have affecte the good dot coms as much as it has the bad, and that is too bad.
AFBR, one strange stock. Now its the longs turn. Hmmm, now 2 3/4 x 3. Almost right back where we were yesterday before the silly MM move. Hopefully, yao, sister, and erol had time to cover their shorts. Not gonna see those levels again!
Yes I have Patsy. I'm going to recommend that my church look at getting a subscription.
Glad to hear it Patsy. Look severely undervalued to me. It needs some volume for sure. It has a tendency to move into the teens pretty easily on news and volume. Float is still pretty low.
Toshac: Are you in LWEI? I think I saw your name on the RB board. I bought some @ .06 2 days ago. What do you think of it? If the Church site goes well, I think they will be OK. At this price, it seems ridiculously low.
Thanks Patsy. That is certainly a rare thing these days. Very strange, only 94K traded on Friday when the news came out (I had 25K of that), then on Monday and Tuesday suddenly it got noticed, volume came in and the price went up with it. Must be a hell of a deal in the making or someone knows something.
RAMOE: Deal is to close sometime this week. Holing tight @ .17 x .18. All buys today except one 500 share sell.
Don't know about anyone else, but I could use a good low floating stock split today to help beef up the portfolio. Let's keep our fingers crossed. We're due for one.
Patsy, made agood profit off of WNG. Bought yesterday @ 1.65 and sold this morning @ 2.20. The conference call went well and the close was good, so I held on for the inevtiable gap. Thanks for posting it to remind me of it. I remember its huge tumble, but had forgotten about it.
Level II shows one big thing. Solid bid support @ .05. There are 10 MMs at .05 or better. That means the downside risk is minimal. It would more than likely take a lot of selling to push it below .05. On the ask however, it is much different. Virtually every MM is on the ask at a higher level than the previous which means with any buying, it will not have the resistance to move upward. Only 4 MMs on the ask from .10 right now. That is how I read the Level II for ASAT.
RAMOE: Here is a link to GB Mustangs' website. Neat looking Mustang!
http://gbmustang.com/index2.htm
Last trade @ 2 9/16. Bid 2 1/4 Ask 2 3/8. How is that possible?