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Who the hell knows. These MMs are truly a trip all over the place. I truly believe the MMs are allowing someone to accumulate at a certain level. This looks just like it did the last time it ran. The float is not that high for a NASDAQer. I'm just going to sit back and watch like I did last time.
OPHD, some buys coming in. Now 1.20x1.24. Looks like most are holdinf post dividend to see what is up with the new merger.
I got 15K shares @ .23, and the same thing happened to me. Generally, it means they aren't garnering enough sells to get the blocks they need. Had this same behaviour a few Mondays back. On Friday, was .16 for the entire day practically on tons of buys, then On Monday, it exploded. I was lucky enough to get some on that Fri. at .16, then sold near .25. Extremely good bid support on COMM.
Ditto here. As long as it continues to hold up well, I'm holding. We should begin to get PRs on the merger shortly I would think.
Good move IMO waxrhino. Tons of buys. It will uptick throughout the day IMO.
Interesting that the MMs have kept the price up as well. Some sells @ 1.16, then the bid is raised. I just don't understand their logic!
Agreed. The dividend was credited to you in the middle of the day? That is strange. Or did you just notice it?
Did you get any COMM Patsy? It has a way of sitting while tons o buys come in, then suddenly it just plain explodes.
No OTCBB splits today.
In COMM @ .23, level II is building up for a nice run IMO. I've made money on this one several times, and it looks good for another urn. Bid support is huge.
Got a little BMKS. It's a BB, but there has been consistent buying and upticking over the past few days. I'm in for 25K shares for the hell of it. This co. has always been a POS, but they have continued to ile for some reason.
Bought VATA @ .83. 5 day chart loks like a return to the 1.20 area is feasible.
Yep, you are correct. I often have to pay for having a good time when I don't get the things done that I need to tend to. Sounds like this is that week for you! How long will you be in the area for?
hey Ammo. Sounds like you have a busy weekend. I'm sure you had a lot to do after having been away for so long. Welcome back!
I dumped @ .10. Could get delisting notice anyday, and that usually makes a stock price plummet. Held for 3 days or so with little to no movement.
Looks steady. They say they have good revenues, but until the filing comes out, you can never be sure. They only referenced percentages in the PR from Friday as well, and no hard and fast numbers. I'd be weiry of that, but stock has been known to rally before. Doesn't look like much downside risk, but then again who knows. BBs seem to have a bottomless pit on their price.
Patsy, are you still in NWKC? Low volume and steady, but doesn't seem like its gonna move. INTW (one I owned a few days back and made a little on) got notice of delisting this morning, and is down 30%. Hope that doesn't happen to NWKC.
RNWRE, now .01x.04. These MMs are the biggest POS scamsters. They continue to raise the ask and drop the bid on now trades.
Yeah, noticed this one too, but it's risen too high already for no apparent reason to touch it now.
Sorry should have been FRTL!
RTL is looking good Patsy. I got in on Thursday at .20. Now .20x.21 with good bid support.
It's already up 100%. The MMs are keeping it down as well. As you know, for the most part, I have boycotted OTCBB stocks because of the MMM that is so all over the place. Just interested in your opinion.
No not currently. Got in at .16 and out at .25 when it spiked a few days back. I keep my eyes on it though. What do you think about ISNQ?
InsynQ Uncovers Stock Manipulation Scheme
>
> TACOMA, Wash.--(BUSINESS WIRE)--April 27, 2001--InsynQ, Inc. (OTCBB:ISNQ -
> news), a pioneer within the Internet Utility Industry, announced today
> that 2,500,000 shares of its restricted common stock, that had been
> previously reported as stolen, have been located.
>
> FBI officials have been asked to investigate the matter further.
>
> Over the last several months, the shares were used to short ISNQ stock and
> have created a short position of approximately 2,500,000 shares. This
> activity has resulted in artificially depressed stock values and has
> significantly hindered the company's ability to raise funds.
>
> The shares, as previously disclosed in SEC filings, were issued to Tricorp
> under a written agreement in which Tricorp was to fund a $3,000,000 loan
> in September of last year. In a statement made this morning, InsynQ
> Chairman and CEO John Gorst said, "Those having sold short now seek to
> postpone the day when they must buy to cover. They can do this by
> borrowing stock or paying a fee and interest from brokers holding InsynQ
> stock in street name. If you have any InsynQ stock held by brokers, I
> suggest you ask your broker to send the shares to you or register them in
> your name. This will take the stock out of play and force the short
> sellers to cover by buying into the market.
>
> Gorst added, "We are pleased that the FBI is now investigating and look
> forward to seeing our stock return to previous market values."
>
> About InsynQ
>
> InsynQ delivers business software applications and managed services over
> Internet-based wide area networks. The company offers proprietary hardware
> technologies, network consulting, multimedia development, and hosting
> services. For more information on InsynQ products and services, visit
> www.InsynQ.com, or call 253/284-2000.
>
> Forward Looking Statements
>
> Statements made in this press release that state the Company or
> management's intentions, beliefs, expectations, or predictions for the
> future are forward-looking statements. Such forward-looking statements are
> subject to a number of risks, assumptions and uncertainties that could
> cause the Company's actual results to differ materially from those
> projected in such forward-looking statements. These risks, assumptions and
> uncertainties include: the ability to complete systems within currently
> estimated time frames and budgets; the ability to compete effectively in a
> rapidly evolving and price competitive marketplace; changes in the nature
> of telecommunications regulation in the United States and other countries;
> changes in business strategy; the successful integration of newly-acquired
> businesses; the impact of technological change; and other risks referenced
> from time to time in the Company's filings with the Securities and
> Exchange Commission.
>
Hi Patsy and Larry. Just got a little lonely on the board Friday without you here! Glad you had a good weekend. Mine was good as well. Restful.
Quiet board today without Patsy. I bought a few bouncers, but that's it. Bought JMXI at 1.30, and ATCM at 1.70. We'll see where they end up on Monday.
Have a great weekend for anyone visiting the board!
Yes, very confusing. Not gonna even try. Have a good weekend Larry! Good to see you back. Was wondering where you've been.
Hi larry. Don't think they are splitting again. They split on 4/23, but the name change didn't occur yet. That is what is going to happen on Monday. 2.4:1 is the same ratio as what occurred on 4/23. Very confusing, but they did the split one day, and the name change a week later. Spread is horrible anyway, and no vol. Have a great day! Lonely here today!
No splits today. 2 reverse splits and that is all.
Thanks Patsy. You're the best!
See ya Patsy. Nothing much going on today that's for sure.
KWNK now .065x.08. Bottom?
Well, after all that, and I played FANTE poorly. Sold some @ .11, then .10, then .09, then .08 and even some @ ,07, now its .09x.10. Don't see it taking off, but I should have left my sells in @ .09.
I sold 20K shares @ .11 yesterday of FANTE, then bought a few @.12 later when I thought it was going to run again.!
FANTE, boy that really sucks. Going down fast on low vol. selling. I guess it really is a POS.
I've sold about half. Hard to sell in a low volume environment. I had a feeling you were selling as well. Between us, we probably accounting for much of the selling. Average price .07, so still a profit. Time to move on to something else. Should have sold yesterday afternoon. I noticed the voluem was drying up.
Boy, the MMs are really screwing with AFBR again. I sold 1/2 @ 2 and am holding the rest.
Hi Patsy. Another BBism. Haven't seen one BB move consistently for 2 weeks now. MM and insider selling are killing it.
Hi Mack. Don't like NRES or FBNI, but you can make money on the 'E' status, if a stock drops as a result, and the subsequently files and gets the 'E' removed. I've done it before. FBNI tends to cycle, and they are due for some news as well. I'll keep a watch. My problem right now is the OTCBB in general. The MMs are manipulating more than ever, and there is a world of difference in how they do their job between the BB and the NASDAQ.
Hi Ammo. This co. is completely misdirected IMO. They've always wanted to get on the AMEX, but the only way to do it is to R/S the shares since their O/S is too hot. I personally think this is a bunch of BS. This transaction ain't or free and will have to cost IFTP something. Looks too complicated, but people are kidding themselves if they think this will help shareholder value. Nothing they've done has ever added anything to shareholder value, just more to the mgt.'s pocketbook IMO.
I have sworn off buying in the OTCBB, except for a few minor exceptions. IFTP is an overinflated piece of crap, and they know their stock is heading down if they continue to dilute. So they'll probably do the merger, then dilute some more.
JMO!
Mostly a sideways day. Not much to buy IMO. FANTE did OK. I think it still has some upside. See everyone tomorrow.