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Hi All. Been busy with those crappy taxes this morning. My returns weighed almost a pound when I went to the post office to mail them off! Most of which is Schedule D. What a mess! I use Turbo Tax and it took forever to get from step to step. Can't file electronically when you have too many pages of Schedule . Defeats the while purpose IMO.
Haven't looked at much of anything yet, except the market looks bad I'm sure given the run up last week. Will be back after taking a look.
Agreed on DCTG. Don't own any of the others. BKTV is also worth watching Volume was huge on Friday and prior volume was teipd in comparison. Also watch COTV. Was .90 3 months ago, and now .11 with a lot more going on.
Hope everyone has/had a great Easter and weekend!
MRCH just had news of filing for Chapter 11. I had 5000 shares @ .30. That is where the risk and reward come into play. The huge volume yesterday was caused by shorts covering. If they don't cover, they loose out as well. Good to remember this when you see a sudden price surge of a co. having cash crunches.
I remember how hard it was to get shares when no one else was buying. 25K @ .03 or so took 15 minutes to fill. Makes no sense that the MMs can take their sweet time and that it not affect the price. If supply is low, the price is suppose to rise, but it doesn't. I still can't believe that human beings are setting prices on securities in the year 2001! Have a good long weekend Toshac.
Good to hear you are in Larry. Have a good weekend and holiday as well. I'm off tomorrow, so will do something productive, finish my taxes! Take Care.
I bought a small amount at .055 to test a theory, and it was correct. Right after my buy, they put a small trade across @ .05. They want you to think there is selling going on, and they don't want the last trade to by above .05. I wish this market would stop being so darn manipulative. Disgusting that the SEC allows this to continue.
LABN: Patsy posted on it this morning, and we both bought @ 1.28. Now 1.3 x 1.4 Look at the 3 month chart, and you'll see it cycles every 6 weeks. This is the bottom of the cycle. Goes over $2 usually.
.055 on the ask right now.
They had a 4:1 split a few months back, sometime around Xmas. I think that 15M is about right. The O/S prior to the split wa very low, like 4-5M or so. Still low even post split.
As for the volume, I have watched this one for sometimes (even before the split) and don't recall volume of this nature. That were many days when there were no trades at all.
FYI, average volume from Yahoo indicates 284,818, but that is over all time.
Hard to believe it's still sitting @ .05 where it closed yesterday. Albeit, .05 is closer to the bid now than the ask as yesterday.
Hi Larry. I think you mean 2M shares traded today. Who knows where it could go. Don't know enough about the deals, but based on the volume, looks like it could do well. Seems like a lot of front loading taking place.
Yep agreed. Ask has moved up. Good luck getting filled.
Take Care Patsy, and hit a few holes in one. This was a pretty good week. Happy Easter as well to you and your family.
Based on todays volume, someone is certainly frontloading. I knew that it was at its lows when I bought. Love it when you can buy and the volume is low. You have free reighn on the stock!
Yep, glad we loaded up @ .03 or so. Over 1M shares traded, and the MMs are holding the spread tight. All day, very unusual. Still holding.
Not much reaction. I can see the headlines on the paper now, "Concrete company buys out Church web site so they can pour it on the congregation!" LOL
I don't get it. They own Churchlink, they sell it to a concrete co., and essentially retire 7M shares? A concrete co. wants a church type website? LOL I guess this is good news. Very strange!
MMs definitely make no sense. 14 straight trades at the ask on GSTN 2 sells, and they lower the bid. Don't know where their logic is. Definitely makes no sense. Sure would like to know why we still have to put up with in the year 2001!
GSTN, last 13 trades @ the ask. Will move up soon IMO.
GSTN, look @ level II. Now .08x.10 Huge bid support. I just got 10K shares and they filled me in 1000's!
Sold this morning @ .14. Pretty much broke even. I thought the same thing.
Same here. Wide spread. Not taking chances after NEWY and GPRX. May buy closer to the split date.
PLLC looks interesting. GDMP not yet trading.
Got a little more LABN. The bid has upticked. Looks like we have found bottom!
Just bought COOL at .16. Down 50% on earnings. Has leveled off well and has solid bid support @ .15.
Remember ACEN? Bought @ .0125 about 10 days ago. Been upticking ever since. Now .037x.039! Still holding.
Me too!. Bid support, should move soon.
Watching GSTN. NASDAQer with bad news today, but seems like it went down on very small volume. Now .09x.10 Could bounce back some. Day high of .17.
Boy Patsy, the 3 month chart on LABN is a beauty. Not far from where it was at the end of Feb. when it bottomed.
http://finance.yahoo.com/q?s=LABN.OB&d=3m
Good luck. I bougt a little at this level yesterday. Needs some volume to spike.
Boy we do think alike. LOL
I'm still in MRCH at .30, so anticipating the news. Hard to tell what it could be, but given the huge spike late in the ate, I'm hoping it isn't negative news. Only have 5K of it, so its not like I beat the arm or anything.
Will watch LABN. Looks about time for it to turn up again like it does every few weeks.
Bought NWKC. Has great support at .15. Ran to .25 the other day. I think this is easy money. Level II looks good with any buying.
CONV is climbing again, but I refuse to look at it again. If it runs so be it, but I just made 5K on it, so on to the next!
Completely out of CONV now. Looks like its on its way down. Not much buying volume.
I had 50K an all have sold but 10K. Hopefully, they'll fill at .14.
patsy, what do you think of CONV? I sold 1/2 my position at .15, which was actually 200% above .05 where bought. Looks like it might be running out of steam.
Keeping my eyes on NHTC. 2 million traded an could make another run. Based at .05.
In ACRU 2 days ago @ .35, out @ .46 today.
COTV: .07x.08, just bought in. Has had good news over the past couple of days, and stock has been crushed by MMs. Plenty of buys going by. Something looks seriously wrong with these MMs IMO.
CONV: .14x.15. Really gearing up. Glad we loaded up at .05!