Wondering Around !
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Penny , I sure hope NOT , but I am worried that the compamy may be tempted to raise all cash they could all the way to .00X and R/S again , and look for new investors . they did that before , Now why not doing it again if they know they can get away with it !!! I honestly was giving them the benefit of doubt till mid of last week , and yes its been New 52 week low almost every day for over a week now , even companies filling chapter 11 dont go through this trend . Honestly I dont know whats going on , but when millions of shares been sold at new 52 week low for days , It does not take a genious to figure out who can afford selling at these prices ! a company can short sell its own shares and they call that DILUTION , and that invites all short sellers from every where to join the feeding Frenzy , only Investors get scre**d .
New 52 week low again today .023
Never try to catch a falling Knife !
Who has Free Shares and can sell and make money at any PPS ?
1. Company
2. Promot.
3. Short Sellers
ONLY ONE WILL LOSE MONEY BUYING THIS ARE INVESTORS !!!
JMHO
Not when zillions of shares up for sale !!!!
Big Red
With all due respect , for shorts this has been like fishing with dynamite !!! short selling at any PPS and stay assured its hitting new 52 week low next day , there are many shares for sale and dilution does just one thing to PPS ..lower and lower etc . On the other hand if investors dont put money on the table , company cant dilute more , shorts will not be able to sell or short sell ...that the only way investors can take their revenge !
BEWARE..The more you buy at .02X the sooner they will sell at .01X ,and so on, the sooner they collect their target MONEY AMOUNT ...IMO dont buy any shares at present time, at any PPS , these are hard core Crooks playing unfair game ..BEWARE
Boycut WRIT ..DONT buy Any shares at any PPS , IMO thats the only way to tell the 500K shove your shares up there, where the sun never shines , that the only way to get EVEN ..Let them eat the shares !! JMHO
IMO , Dont buy any shares at any PPS thats the only way to get even with the crooks , let them eat their zillions of shares !! Once WRIT has true legs then I will get back in even at 0.1 if I dont see signs of manipulation and massive dilution ...Investors ULTIMATE power is to boycut buying the stock .
Selling your shares might be very personal decision , But not buying is only way to burn the crooks , let them EAT their shares !
Congrats , you can fill now at .027 , thats even better than the .028 , see no need to get nasty !
nocpimping
Indeed this strange , last week , every time I wanted to buy , it filled instantly as I entered the buy order , just this afternoon today first day MMs are hesitant to sell , they fill partial and go up with the ask , and I was able to sell at the ask as well ( Test tading) ..so some thing strange here , kind of stand off and MMs acting as if they were waiting for something !!!
I see Strange move on Level 2 from a paricular MM, I am not sure what to make of it , I think right now risk of buying is Equals to the risk of selling. We will soon see whats that ???????
Welsh : he is BS-ing , if some he believed that PPS going to soar , I dont think was big deal getting in at .028 or .029 , unless he is feeding on few ticks up ..or some other unknown motives !
Welsh :
I agree , but hitting 52 week low days in a raw ..huge selling pressure at levels bellow 52 week low , who else can afford make money at these levels other than the company , noteholders , short sellers , etc ....something is wrong here , with all great news and $ 35mil potential profit , etc . That makes me think that something is very wrong here ! I want to see this soar more than anyone , but we should not encourage crooks to keep feeding on investors ! Some people believed in this and not posting , they lost their shirts !!! I am member of that club ! but my loss was relatively small ( Under $30K)
New 52 week low achieved today , other new 52 week low was yesterday too , Ok let see how many up tickening it takes before the new 52 week low ! thats just a fact , and there is reason for that , read my previous posts , and buy on your own risk !
Gap:Will not dignify you post with an answer ! I will not speculate who you working for ? I let others take a guess !!!
Ok , you want to Buy , keep you order and it will fill , I even pulled my buy order at .025 placed yesterday ...this stock going for a free fall ! Just IMHO
When No One is buying , thats when Company / Noteholders pull their sell orders , thats when Short sellers back off , only then PPS start to go up , but they will come back with sell orders soon after PPS climbs so they can unload ...Its very dangerous waters right now ..sharks everywhere waiting to loot investors !
Evert: Market Makers see that on level III ( Not Level II) , and noteholders / company will be willing to sell far bellow the bid you see on L2 ( Short Sellers know that too) , MM know that , they cant post it !! only way to get even and counter this is by NOT BUYING at any PPS ..I been there , done that ..BEWARE !!!!
Evert , and when investors dont buy , thats when you see a spread of bid/ask ...let them eat their shares !
Evert: I agree , and the only way now to stop that vcious circle is that NO ONE buy any shares at any PPS...let them eat their shares !!
Evert : Market Makers cant make money of market makers , Shorts cant make money unless investors buy shares , company cant dilute if investors dont buy shares , IMHO , only way to stop the blood bath is NOT to buy shares at ANY PPS , dont fall to the bait of cheap shares ..it will get cheaper , and dont get greedy with a fake Bounce , they will take it down again , at this point only power investors have is NOT to buy any shares at any PPS , things may change in coming days , but right now , I think this will be the best action !
Market Makers can Exchange Trades without losing Money , Only time they make money is when you put your Money on their table , IMHO dont buy any shares at any PPS , thats only way to stop the Blood Bath , thats only time they cant make money , and IMO at this point ,that the only power investors have !
Best will be NOT buying any shares at any PPS.and this will help stop financing who ever is looting the investors, let them eat their shares . Let them play among each other , I will stay out of it for the time being
nadendla : Good Post ! all you said true and nice , but bottom line , investors are not running a charity corps , I dont care what happened , I care about seeing my $26K investment last week worth about $6K now !!!! thats a loss of $4000 /day . selling pressure been so persistant for 7 days ! all 7 days in RED , about 30% down every day !
So Despite all you said true and nice ..but where that take us ? what about if the CEO got greedy and wanted to raise Cash all the way to .0001 !! thats possible . WE are not charity and enough is enough !
I asked myself same question , I see companies filling chapter 11 and had few days in red then bounced , this SOB is just taking and falling like a rock , the sooner you get out , the less financial damage you suffer . traders will make money of newbies and bottom feeders , this seem to have No bottom in horizon till it lands in NO BID land !
Tomorrow morning I will be setting with hot cup of coffe and for first time feel relaxed as the ticker goes even more red and hopefully getting in at .025 , then I will wait with my other cash to get in at .01 or less , man it sucks to be on the wrong side , and I been on the recieving end for a week now , Now I do what I do the best , day trading , I did mistake and thought this was different stock , but every day was same sh**t different day , I dont evn know whats happening , from on I dont even care anymore
I just sold all and looking to buy in again at .015-.025 ..keep my fingers crossed ...wish me good luck !
Hunter : I think anyone bought over .035 is scewed
WRIT-ing is on the wall in 3D ....
Texas Chainsaw Massacre in 3D
3D Blood Bath in production !!!
Equal Opporunity Trading , some market makers got their feeling hurt since they missed the run fromm .035 so now they got what they want from the company :) Now lets ROLL !!!
Its a beutifull day !! I am going for a hike :)
Codesters :There WILL be news , there is no question about that , the question is When and What kind of News will be out ? lets face it , this is a start up company , they needed the promotion and that will get them known (Exposure) and raise funds , if they play their cards right , I dont see why this wont be on the big boards , other OTC companies have it done !! Could they end up in a useless company ? of course yes , It surely can go either way , depends on their intentions , So far I see they are in kind of business that is untapped and have potential of billions in Revenues , have you stopped lately at Best Buy , Wall Mart , Target , etc . They selling 3D televisions like hot cake ! have you looked at the shelf of 3D Movies ? Very Few !!!!! If they play their cards right , this stock will soar ! if not , it will have sad end like many stocks on OTC.
Evert:I am talking about kind of News that can carry this baby to Nasdaq , such as distribution agreement with some big dogs ( Sony , Time warner , etc ) PPS already trading far bellow fair stock value as we speak . I was very pleased that the dilution been under control , no significant selling today , just normal trading activity . Now as when the news will come , who knows ? I have no idea , but I know that the $35 mil news will be leading to other even more significant news ! This stock is not for the weak hearts :) You can daytrade and make some nice money , but I keep this one for the long hall
I dont think short selling was on today , EOD drop was due to normal day traders who loaed in case of News during the day, they just sold at EOD ,day trders dont go home with shares !! how I know ? I was one !!!! Short sellers wont dare short at these levels , they rather cover shorted shares from last week , it just had a normak sideways trading day , volume is far lower than average . thats good sign for now . Could the company release 6:30 AM news ? or intra day news , or after hours news ? No one knows , let them get the news out when they ready , I dont like fluffy news anyways . Now I will bottom feed every day as I go , when feeding Frenzy starts I dont want to be linning up with the crowds trying to get in , it could get ugly and MMs make you lose your breath chasing it up ! who blame them , anyone couold buy at these levels as much as you want , so dont blame the MMs making you chase it up when it runs !! LMAOF
Hunter: here is a tip , Market Makers get at least 10 min notice of pending News , if you see un-explained spike of volume and PPS up trending , you know that news about to hit the wire , thats when MMs scoope most of limit sell orders on their level III . also some insiders cant help but adding some , IMHO , right now , the best action for me is to do nothing but wait :) I have positive feeling today !
Evert: I rather have the company raising capital selling some shares at high levels than flooding the market with shares selling at .00X , they need money to make money , thats why they are publicly traded comapny , of course if they stay the course and not getting too greedy , then I like what I see :)
Jake: Till next News , it will be like watching the paint dry :) just set your News alert and let it sail ..