Contemplating my business/loan disasters of last year.1@
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To all those that think this stock will go down to .0003 tomorrow, just a few things to take into consideration.
1) Majority of the shareholders on BKMP are averaged in at like .0003 and higher, there were a few really lucky people that purchased this stock at .0002, and those guys if they intended to sell, they've either sold already, or they've got NO intention of selling the stock to you at .0003.
2) In order for you to buy shares at .0003, someone has to be willing to sell it to you at that price... and since only a handful of people were lucky enough to pick it up at .0002, majority of the people would never sell it to you at .0003.
3) Majority of the stock holders here that sold today at .0004 and yesterday at .0005, sold because they wanted to buy at .0002... and/or they were worried about morons selling at .0003, so they decided to try and take some profits out from their .0003 buys. This all suggests that the interest toward this stock HASN'T gone away... Their excuse is just selling to be able to load up even more on BKMP.
4) A lot has developed since this stock was at .0002/.0003, with the buybacks and TFN possibly getting on a US carrier.
5) Ask yourselves, why would someone sell you their shares at .0003?
When I bought into BKMP, I bought in at .0006 but when I bought in, I stated that the lowest I see BKMP going was .0004...
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Posted by: PokerVertigo
In reply to: cardvic who wrote msg# 111092
Date:7/22/2006 12:50:31 AM
Post #of 117119
I just bought into BKMP today 10 million shares at .0006... and my honest response is... that depends on what you mean by crash... I do not believe this stocks low is at .0006, I think it is more like .0004, however I don't think thats a crash by any means.
Existing prospects for BKMP look pretty good, but you have to remember that in the short term, we're looking at further downward movement of the PPS...
I don't care though, I got my shares at .0006 and if it goes down to .0003 in a month or even .0002 in a couple months of no news, it won't matter to me because I have no intention of flipping, I plan on holding till something big comes along.
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Yes, I bought into BKMP at the time knowing fully well that if we did go lower, it would go down to .0004, but ofcourse there was that possibility that we could go up which is why I bought.
My reasons then have not changed today, I simply asked myself a simple question... Why would someone sell me their stock at .0003, 0.0004?...
.0004 - This made sense since some people did buy at .0002, and bought some on the way up, I figure possibly an average at best of .0002 that they indeed knew they were lucky to get, so selling at .0004 for 2 bagger profit isn't a bad deal (thats assuming they didn't sell at higher prices). And those that bought at an average of .0003, might be satisfied with a 25% profit...
.0003 - I couldn't find any reason for this unless people thought there was massive dilution or they indeed believed they were in a scam... At this level, I only saw buyers which means only way you can get shares is if Sandy was diluting. If he's diluting, I'll prolly be the FIRST person to sell off all my shares since he's said many times that he's not diluting... and once a liar, always a scumbag in my book.
Keep in mind that the market cap at .0003 with 13 billion shares is 3.9 mil... But yeah, if those of you who still think you're going to get your fills at .0003, then I hope you have good reasons for them and not just assume you'll get them because of mm manipulation... MM manipulation can only go so far, people have a threshold they won't go below, and I believe that .0004 is that threshold.
Just my 2 cents.
or that dudette...
Did you notice that sell of .0003 of 10000 shares?... funny... looks like most of the sells today were at .0004, and buys too... I reluctantly bought at .0004 aswell... These lousy mm's have shook us pretty hard these past few days... I hope they eventually let this thing run...
We need the longs on this board to continue staying steady... steady hands longs... steady hands... we should continue to hold on to our shares stubbornly no matter what.. only way to move this up.
Well, so much for waiting for .01 eh?... I really hope when the pps goes to .035 or so, people don't just immediately flip... I guess that is naive of me to hope such a thing, oh well, monday should be interesting.
Relax... we're all just irritated to see our stock down ... By all means, say what you want, you're entitled to your opinion... plus I read your post, it wasn't a bash... not even close... but your previous posts when you did own this stock were pumps... blatant pumps.
It would be nice if those FHAL.. err ... CSHD people would give that up already and bring their money back to this stock... I would like this stock to be at .035 atleast, not at the level its at right now... If news comes out monday, this thing will spike, and level off yet again... Such is the MO of this stock at the moment.
Even though this was a lebed pick.. I still had high hopes for it, and so I bought in... I'm really getting sick of seeing red in my portfolio though...
it is cooperation when you consider people shouldn't have sold at .0004
What was the sell share amount that went through at .0003? Was it significant?...
Sandy isn't buying this stock... has their been any significant institutional buying for this stock in the past week or even in the past month?... No... Should be interesting to see who's willing to sell at .0003...
How many shares do you own?... I thought you purchased shares at higher levels than these...
What good is buying back shares when Sandy goes back to diluting the pot again?... The fact that everytime someone asked him if he was diluting and he stated "NO"... means that if the quarterly's show dilution, he's a filthy liar and a scam artist.
Yep, if that shows up... I certainly will sell it all at that...
in order for you to buy at .0002, someone has to give up their shares to you at .0002... Since I don't see anyone, no matter how weak, selling you shares at .0002, I think you're really waiting around for .0003... but I don't see people selling shares at that price either... the people that were willing to go that low, sold at .0004...
People are still bidsitting at .0004 right?... well I still won't... I'm going to buy shares at .0005 just to help the cause.
People are weary coming into a stock that still has a large spread... .01/.014 bid is just unacceptable to most investors...
My thoughts on the news... Those that sold today because they saw the words dilution, sold for the wrong reasons.
What I took from that PR was, firstly proof that this thing went down not because of dilution, but because of people cutting their losses... Thats fine by me, I wonder how much dead money (those that bought in high and sold for a loss) is in this stock already... another 22 mil added to the float by project completion is something you guys are worrying about? Yes, it is a significant percentage of the float being added, but by *project completion* this stock would have gone up a considerable amount to make up for the new shares. I'm not selling, I don't have a big position in this stock anyway, but if others want to sell for a loss and bring the pps down a bit, be my guest, I'll happily be a bag holder for a while.
Well thats why I only said 25k, but only if 25k represents a small percentage of your stack... basically the way this stock will go up to the levels we want, is if we're all selling it at higher prices... if we all just refuse to sell, it becomes a standoff where we're going to be waiting on news with very low volume and thats that... I don't want to sell either, infact if I sell, I'll probably be buying it back... basically today I saw a whole lot of sitting on the bid and trying to score some cheap shares... I did that too, but I realized, we already got enough shares, we have to make the *new comers* pay for sitting out in the sidelines... if we sit on the bid, what we're doing is letting those people who *now* want to come back in, get in a lot cheaper. Lets make them pay the fair cover charge to get back in...
Anyhow I have my 25k at the open for .02... those who can part with 25k should do it too.
fair enough jc... but understand that this stock isn't going to see .02 or lower... for that to happen, majority of the XKEM longs who bought at .01 would have to sell all of their stock, and then you have to hope that those shares do not get bought. Basically, since XKEM has no *real* value yet, only implied value, it is still a shell play... by that I mean that it is a stock that will go up or down based on how much money is in the pot and not based on financials (ie: zero sum game).
Chassman dumping her shares was very drastic because she got her shares for virtually nothing, so she was basically just taking money out of the pot. Thats all this is, if you believe that most of the shares out there in the hands of shareholders were purchased at .01, then you have every right to expect this to go back there. But if you believe that there were many people that bought all the way up to the run of .11 (doesn't matter if they sold for a loss, their dead money remains in the pot) then you're wrong to assume it'll go back to .01.
I don't know much about MM manipulation having much of an effect on this stock right now, and I never believed there was much of that manipulation going on. Chassman, people moving onto other stocks, weak longs... those were the reasons for this stock being where it is... to sell now is to basically say "well I believe that there are still a lot of .01 shares out there that want to take their 3 bagger and walk away", or "chassman still has a lot of shares left to be dumped"... If you believe those things, you have a point, and you should probably sell...
I personally believe that the .01 shares out there have been offsetted by the .06's, 0.07's, .08's, the dead money's that bailed for a loss etc. ... I hope they eventually buyback chassmans shares because that was pure dilution. We're at where we're at now and I don't see us going lower than .026...
Here's a thought... How about all of us on this board put a sell order of just 25k tomorrow at .02 before the open... I'm wondering if they'll raise the open to something more deserving in that case... I put my order in, it might be worth a shot...
Guys, this is just as I predicted it would go down... we have OFFICIALLY LOST most if not all the flippers already... any new flippers bought in recently at .011 - .014... Now, this stock is held by longs... To all the longs here, if you do feel the urge to sell please sell at the ask, because you won't have to worry about most of us selling to bring the price down, we aren't!... But I understand the need to free up cash, so if you sell, kindly sell at the ask... I have a feeling that most of the shareholders are on IHUB for this stock and are longs... with a 40 - 50 mil float, it wasn't hard to buy up the whole thing during the .005 era... although I didn't buy then, I have over 600k... and I'm a small fry...
I just bought 200k at .014... TD blows big time.. and I don't have the patience to try and get a bargain.
this is bs.. I've had a buy order at .013 for a long time now.. and got 11k filled out of 200k... TD waterhouse SUCKS ASS...
Because I'm impatient... doesn't seem to be working though, noone is selling.
I hope someone out there is kind enough to donate some shares to me at .0125...
I'm glad... I have a buy in to grab his shares at .0121... sorry for not buying at the ask, but I already have enough shares, but it couldn't hurt to buy more as cheaply as possible.
You have to remember also, there are so many other booming plays out there at the moment (and I'm part of none of them... but thats for another discussion)... Most people tend to go where the action is, and worse is if the action suddenly stops, then they become bag holders and dont' want to sell for a loss. Their money is tied up either way.
Let's give this some time, hell I bought into this at .024, trust me, I'm not happy at being an over 50% dog on this... On the bright side, seems like .011 is our bottom?..
The fact that they've moved the bid up to 0.0145 and they're barely getting any bites should show that they're really really desperate... My guess is they have to cover shorts... I think they're going to let this run soon.
When do they have to cover their short position?
Anyone getting filled at .0004?
When is larry getting back?...
I did a small test sell at 0.015 and got it instantly.. wtf?...
what's the bid/ask?
I disagree... I say those intending to flip for small profits, sell now while the profits are small and get lost forever... but I do agree with jr, try to sell at the ask.
Hello Tryz,
Would you be kind enough to share with us what was "somewhat different" with the info you recieved from SB, that what was conveyed to us by BigD? Was it more or less along the same lines?
Hahaha... I purposely told myself I wasn't going to monitor the pps closely today... and look what happened, nice CLOSE!... and it is awesome to see that this is a stock with virtually no flippers left... I'm assuming they ran away long ago...
I think he means those selling/dumping shares at these levels because they're not patient enough to wait for good things to materialize are going to be sorry that they sold...
Personally I'm still holding, and adding.. sold off a position in a dud stock for this one.. bought another 100k.. hope this pays off in the end... I don't want to be "very sorry".
I think that much is pretty clear... he claims to own over 5 million shares, that he purchased at an average of .0322, and at the same time invested $50k into this stock which would suggest an average of .01... My guess is he owns probably around 200k at most and cringes every time he sees the price drop...
I can't tell if you're bashing or if you're pumping... Are you still holding onto your 5 million shares?
Looks like this thing might be ready on its way up to real highs... I hope mostly longs are left on this stock, as I hope we got rid of most of the weakies long before... Good luck to everyone that stuck around, we deserve it... lets go make some money!