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bela:you continue to moniter-why? it dont take no great genius to dd the charts and recognise an acceptable risk to reward ratio. My risk tolerance is low and I am making money. Took risk (and profit)off the table. These are fun shares I'd like to try and flip to increase my position.
Its a wonder you might drive a new car considering it loses 10 - 20 percent value the moment you sign the papers.....and then another couple grand per year after that. C'mon buddy - throw 500 bucks at the crap table and see what happens. Makes it more interesting when ya have somethin vested...
Good luck to you in your investments. P.
The other interesting theory I read somewhere (here perhaps?) is that shorts cant borrow from cash accounts....mine is cash. P
company deals with shorts,interesting theory.
10:55 am CDT May 4th, 2005
San Antonio company fights short-sellers with name changes
By Alice Wu
AUSTIN - Titan Oil and Gas Inc., an over-the-counter energy company based in San Antonio, has developed an interesting way of dealing with short-sellers--it has changed its name seven times in five years, most lately in January when it acquired its current name.
Short-sellers bet that a stock's price will decline by borrowing its shares and then selling them. If they bet correctly, they can buy the stock at a cheaper price than they paid, pocketing the difference as profit.
Clayton Smith, a Titan spokesman, says changing the company's name and stock symbol can force the short-sellers to abandon their positions, taking downward pressure off the company's stock price.
"They sold a lot of (stock) into the market, as well as having a short position on the company, and therefore drove the stock price down significantly," said Smith.
Short-sellers can't remain short against a stock symbol that no longer exists, Smith said.
"People who are short would ideally have to cover their short position because the symbol now has changed. They have five days to do so," Smith said.
Bernard Black, a professor in the law school and the finance department of the University of Texas at Austin, said he didn't know any formal rule saying the name change can force shareholders to cover their short position on the company.
He said the company should deal with its fundamental problems instead of changing its name.
"Whole thing smells fishy," Black said.
Ehud I. Ronn, director of UT's Center for Energy Finance Education and Research and a professor in the finance department, said the new symbol should not raise the stock price if the company has had no fundamental change.
"There's nothing substantial, just changing the name on the building that in and of itself should have no effect on the stock price," Ronn said. "Financial markets are not fooled by the mechanical changes."
Meanwhile, crafty short-sellers figured out another way to get down on Titan. Unknown parties listed Titan on the Berlin-Bremen Stock Exchange in Germany and began shorting it there. Titan, which said it knew nothing of the listing, said it's trying to get unlisted there.
OT: Super Movie:
Ya gotta get "Kung Fu Hustle" !! Just watched it last night with wife and we were both hysterical with laughter at times. If ya love comedy or chinese kung fu movies this is a must see!! One of the most entertaining movies I have seen in a long time....P.
LJK: "The statements have been made frequently that the stock price went over .08 before the fraud began. But why did it rise like that?"
Take 5M shares and multiply by .08 = 400 G's. - Not a lot. Remember Megas did a lot of work to clean it up. half mil. for clean shell not unreasonable. P.
MOst excellent idea and board - thanx. Penn.
Art: did that this a.m - asked him if he felt stupid..here is what he said:By: the_force16
22 Aug 2005, 11:09 AM EDT
Msg. 22135 of 22164
Jump to msg. #
pennimon1: nah...I like AMEP so much better...i think it is going to go far. BCIT..is too risky...
Fringe:
spring fed stream above property. If no trout now, there will be..a few ponds here and there...PARADISE! I LOVE BCIT
OT:JOda:
not this one. 20 acres of pristine wilderness, 24 grand, min. 20 worth of timber...appraised value. P.
Yeah! looks like some tirr might be coming my way - bcit up 75% on day and still to start large moves....I will be happy owner of tirr soon.
Took the liberty of pumpin' tirr a little here and there, not that you need or want it. P.
Fringe: there's 20 acres just outside of Algonquin park with a for sale sign. Old growth timber, cherry maple spruce, cedar...a stream, beaver pond....thank you bcit!!!
Heads up - poster on rb says he and friends is scooping up float this am. P. good luck to all.
thanx for update Art,it is good to know we are set to give a good thrashing. I have completed cost\profit recovery and am looking to increase my holdings through flipping. As I imagine I am not the only one thinking of this any technical input to help me do this would be appreciated. I am also gonna try and free up some money as profits from other stocks come in this week or next.
P.
volume post - do we want or need high volume? - two stocks to look at - tirr with less than a million shares in float trading at .06 cents - shares very tight,pps not budging down at all way oversold. anyone of you big boyz step in there.......the other one to watch today is gccp more shares but still a low floater (ceo put his foot in mouth on pr)this one should fly today on volume. Float will disapear today or tomorrow.
bcit - everyone accumulating shares getting tighter,float to disapear quickly at these lower levels -newz is out. Get them while they are cheap - the volume will come when ya least expect it. tirr and gccp will run out of steam quickly after a run but bcit will continue to rise in price as more more buying and accumulating occurs. P. wants more before pr comes out.
I try to read RB postings for mostly amusement purposes, there was some talk of Varok the stock promoter digging into his pockets in regard to bcit. Thats why I posted it as rumour. have not verified, nor really care. P
Damn..bigcharts aint postin right. Was taking a look at volume and price action over the last month. Nice...dont believe I'll get in i time. so many stocks, so little money...P
Rumour Varok interested. P.
Crowin' - you rock! thx for the pics, and your efforts are really appreciated! May all your trades be profitable. P>
Hi Lortap:No I dont think anyone has talked to Andrew lately. I phoned the other day, he was out, left a mess. and no call. It seems to me these new firms have taken charge, and so far as I can see has done more harm than good.
Why doncha call and leave a mess. about wanting to speak to Andrew about a private placement.....but you want to speak to him first. LEts see if that draws him outta his comfort cocoon.
I doubt very much he will want to speak about upcoming events, and no use to talk about positive cash flow....you might try talking to Demon Deacon over on RB, he mighta heard sumthin.
Demon runs a biz (in Florida I think) Swan Furniture??? yu might be able to find him on the featured sites, but I know he lurks.
For me I have what is large into sbjx, and am down 50%. I know this is a long term stock and I should not even look at pps till about a year from now. However, after the last quarterly, I see no reason for the pps to go up short term...Im thinking of pulling my last trade back out and putting it into bcit which is gonna scream to the upside for the next month or so.
I still like the sbjx concept, and my biggest dissapointment in the stock so far is Andrew's new behavior. He was the other big reason I invested in sbjx aside from the tech......
What we have to keep in mind is that Andrew has a lot of pots on the stove presently,and no doubt is very busy. He is working on upgrading the virtual csr so she talks and listens like a live person, working on a deal with Coke, has partnerships with the university, subjex china, subjex developers network( and personality library),as well as this new deal for MLM.....
as a last note, we have heard he just went through a messy divorce (not confirmed by me)and that can sure mess with a fella's head and heart for sure.....what is surprising to me is that the pps held to .05 as I was sure it was going down again big time. When I bought in shares were kinda tight and Im sure things will heat up again with some decent newz.
Hope this helps a little - best of luck and good trading. - check out bcit for some fun action this week. We have an excellent board and today would be a good day to get familiar with it...... P.
aret pps toast monday...bad newz out.
Thanks for the heads up tree, did not buy in, was waiting for news first - have bcit amep tnog sbjx, want some tirr,shgy. Will be looking for a sweet entry point after this in aret as next wk should not be good for the pps unless it has already been discounted. Doing real sweet on bcit - hope you are.
Fringe and Joda: Glad all is well. Hamiltons just got a little rain and thunder. Nothing much yet....Happy and safe weekend all. P
dshade: it is for domer....
JODA: Tornado warning for Toronto area!! Better tie things down buddy.....hope it misses you. PEnn.
From rb: share print number;
By: yadayada22
19 Aug 2005, 12:40 PM EDT
Msg. 2929 of 2936
(This msg. is a reply to 2898 by ondemove.)
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mario, for Carter, issues 400mm shares. I saw the legend.
you dont need AON when placing a day order.
Like I posted pr early nx wk.
OT: Art: Snowshoe has a real kick-az golf course. Designed and installed the irrigation system there. truly an awesome and unusual course. Also did Boscobel for you clemson tiger fans. P.
Art do you ski at Snowshoe? (WVA)
There are scattered posts from the past week that indicate this board collectively holds well over 50M.....why not send P. emails of your holdings and I will post given numbers (without names or handles)at 10 am. There is comfort in numbers, and some holding some decent profits may need that comfort.
Do not send me numbers unless you intend to hold above three cents or more. Just a suggestion....P.
OT:gelmart:
I popped a one year bigchart up and wasn't too impressed.Even if I was it doesnt have much volume at all and I would stay away. Would not make it to my watch list....bigcharts provided no news since 04, and the news from 04 was not shiny....looks like she gonna tank, sooner than later. Just my opinion, took a whole three minutes on it. NOt worth a second look right now.
For about the same money try tirr. I think your chances are much better both short term and long term. Nother nice one fppc I would like to add to portfolio. JMHO - GLTY> - Penn.
I dont know how experianced a trader\speculator you are but lowtrade has a nice site you may be able to benefit from.
actually revenues up 25% from last quarter...on target for growth model in investor prospectus. The CEO Andrew has stated more than once that sbjx would be a longer term investment, and is making slow but sure forward progress it seems.
I do not like the MLM thing happening, but it can only be good for the company and us the investors. Once subjex is picked by by a few companies, our distributors (sales) staff will be increased expedentially on a monthly basis.
Surprised as hell pps held though...I was hoping to get more at lower levels after that report. GLTA
the wording is ambiguous enough. Pipeline completed - unsure if gas flowing? Announcement about the coming arrival of rig...as rigs are in tight supply this is good news(depending on arrival date). Just my thinking but some production figures would not hurt in helping with upward mobility of pps...long and strong. Time is on our side (for the patient ones). This time next week should see us a little happier Im hoping. GLTA P.
If there is not enough price action here for ya try bcit board for some hot action tomorrow. P
jtmartin: you mean this upcoming pr? from RB.
y: stealth_trade66
18 Aug 2005, 05:31 PM EDT
Msg. 69143 of 69176
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immortal, I JUST GOT OFF THE PHONE WITH CLAYTON
QUOTE:
ALL IS ON STREAM WITH REGARDS TO THE new gas line completed for the expected imminent arrival of the drilling rig WHICH YOU SHOULD HERE ABOUT BEGINNING EARLY NEXT WEEK.
UNQUOTE:
THANX FOR CALLING....
OT: lowtrade:
possible to give a reversal point for bcit today - or just all up?
wise man say: even monkey fall from tree time to time...
bcit screamin p
OT:Serf: left post on Flea for ya.
bob41 - public hangings??