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Yes I did..and Mexico is not overseas...at least to my knowledge.
Hoping and praying for something to be true does not make it so.
The facts are that Liable has provided verifiable facts and Gelmons own actions have proven the facts out. I want the shoes as much as anyone. I have skin in this game as well. I am not a basher I am a trader and a realist and rely on actions, and facts.
The facts are Gelmon has provided none of what he said he would. Facts are Gelmon can not re-route the shoe order from the quarantine facilities direct to stores. Fact Christmas merchandise by contract for most big box retailers were required to be at their distribution centers by the end of September in order to re-distribute to the stores. Fact, blue line-ads for magazines and print were written six months ago and media ads were done earlier than that.
Again just because we desire something to be true does make it so.
There are many thing I don't know about...but I will tell you retail, marketing, procurement, and logistics are one of them.
Look, I am loosing money just like the rest of you, it's only $5k so in the big picture not a big deal but still I hate to loose. However, Liable had nothing to do with this loss or the PPS, that is all on Gelmon period.
Windfall Magic
So no call back from Gelmon...and no PR or confirmation of shoes to warehouse.....
I think we may have an issue boys and girls.
Try going to this link on Ihub. It gives a rudimentary view of the buy sells.
http://ih.advfn.com/p.php?pid=trades&symbol=CMGR
Now showing 38,376 volume @.0006 am I getting wrong reporting?
what etrade marketcaster is showing zero volume.....
Are we halted? or is everyone gone for the weekend? J/K on the halt
Wheres is the Beef?
Well that's a bit creepy but thanks....I will keep my eyes closed.
CMGR is alway a random play. But, it can bring big rewards if you don't stay too long.
If I can help in anyway send me an e-mail..I don't have PM any longer...(fed up with Ihub mods). jim@terrylmichaels.com
Sorry,
I thought the whole idea of the board was to help.....my bad, I won't post those kind of responses any more...Sorry if I offended you.
Best to you,
'
Windfall Magic
Dalopey,
BB= Bollinger band..upper and lower. Look at the patterns of when they converge. Good indication of a big movement either up or down.
You need to understand a few basic concepts...
1) share structure
2) MA's 50 and 200 are most important.
3) Basic chart indicators and historical markers. BB, MACD, STO, Williams and how they work together.
These are not definitive but they provide a basic guide to movement.
There are a ton of Youtube video's that can help you understand . plus a site called epicstock.com that has basic skill lessons.
With regard to CMGR..Look at the buy/Sell and how they were traded.
Also you can look at Pinksheets.com for share structure.
Windfall Magic.
I am unsure if European countries can work with Zecco...I would check the sight and or give C/S a call they are very helpful.
Newbee57,Here is my email address jim@terrrylmichaels.com send me a message....and I will answer what I can...
Chart says this will run a bit tomorrow. Although BB's this tight historically with this stock it has moved down. That said, MACD, looks to be reversing and There is a gap to .0012. .001 looks to be resistance so if we break that it should run to .0012 the next resistance is penny land it looks like. But I don't think this will hold for that. .0012 is my best guess as an exit. I will reevaluate tomorrow.
I am very serious....not when I first started, but now I try to play consistently the same way every day. SDS provide a great cash flow if you know how to play it and understand how the economy effects the eave and flow of the play.
I don't alway find 20 plays every day in penny and I only play pennies with the one exception.
but over the year I hit that more than not.
Also understand, I had a great deal of help and mentoring when I first started and had some very good luck.... which afforded me the ability to take bigger risks. I have a fair reputation on Ihub so look at my post history...but I don't BSA or mince words....I don't need too. I also Never, Ever pump a stock....I don't think it's ethical to take newbees money.
But you can talk to anyone on WAMUQ, EPICSTOCK, EMPIRE FILM GROUP,AVITAR, or just l;ook at where I post and ask..
I have no reason to give false info. I have every reason to pass it forward to those whom truly want to leave their jobs and do this for a living...
Take care and welcome to the club.....
You should also know that I don't play share count. I play only capitol investment. I always try to play $5k a play..with the exception of a short play called SDS. You wouldn't believe what I tie up on this play every day and I flip it at least twice a day on average.
Just some quick advice to newbees..alway clear your position by EOD even if you lost money. never stay the night with a bar pick up.
Windfall Magic
Guys I live in the US let me make it clear...I did not play short on CMGR....I did not even look to see If I could. I saw the run at about 7:50 my time. got my orders in...yes multiples at ascending price points. Then at about 8:50 my time checked the charts RSI was dropping below 72 and heading south, MACD had a negative cross over. so bang! Sold out.
That is how I play..now I have 20 plays at any one time so sometime I miss but most of time I hit the profit ban.....
I use the ticker buzz cloud along with some e-trade tools to locate quick plays. But if you understand the basics of trading and charting..and understand that PR's are crap. I don't mind being a follower..It's a great way to make a living...
Surfs UP! Now bank some profit and don't get too greedy profit is profit. CMGR I made about 250% and got in after the run and out before it ended.
You can on some pennies.......or trade thru an offshore broker...when you have gotten to the point where you have a large enough portfolio to play deep.
I agree...These are dangerous waters you must know what you are doing to make money. If the penny can be shorted I alway hedge. good lesson for newbees
Thanks......
I posted a great deal long time ago. But I play about 15-20 plays a day so don't have much time to chat.
Penny players need to DD hard and deep. and understand charting. I don't have problems with pumpers...they do the work for you and you can ride the coat tail and jump off when you have enough. It's hard for newbee's I know but they have to wade in slow until they learn the games.
buy it short if in fact is going to .0001 as you say then you could make your money back. At least that is how I would play it. If in fact this is a shortable stock.
Flat rate E-trade is great....Also Zecco is great for pennies
Scam? Wait, are we not penny traders...that means we find a strong chart or a momentum play and ride it up and then get out before days end. Then the smart ones if possible buy short and play the fall.
How is that a scam...I wish all scams would put $20k per day in my account.
I got a message he was overseas until today the 18th. but his VM wasn't full so he is checking messages.
I let him know I was a large shareholder and President of the TerrylMichaels Group and that I would like to discuss his logistic claims with regards to the disposition of the shoe shipment(s).
We sill see if he returns the call.
Windfall Magic
Any calls into Gelmon today? I have been out of pocket today.
Yes,
But I look at it like this...if you can't handle loosing the investment, don't trade.
I have made a very great living trading these stocks and I love the play. However, sometimes you do loose some.
I agree KelseyF, If that have a single destination point and have the logistics right, they can cross dock several containers in as little as six hours. Been there done that.
But to change destination point after they have been inspected by out bound and or in bound customs authorities is next to impossible.
That would require hand sorting pallets at the quarantine facility after the inspection. Which would require a second set of inspections because the goods would be lost integrity.
Plus the add cost of such a project would eat into most of the profit. No buyer would absorb that extra cost..and Manufacturing can't afford it.
This was my world before I became a trader.
I think this is a lame duck...sad
So, no posts at all today...is this a flag saying this play is done..?
All the meat has been chewed off this bone...too bad I was hoping to make a bit more.....
That makes zero sense...
1) B/L would state destination point San Diego as one order.
2) Shoes would not have been separated by store order in Mexico unless they were a direct ship, which they were not.
3) Customs would not allow US bound merchandise to be touched after it has been inspected.
I guess Gelmon thinks that all of his investors have zero experience with regard to importing.
I stand firm. If they were originally targeted for the San Diego warehouse, they can not re-direct to each store. or to divisional warehouses of each company..that is not a option.
well then how does that work? How can you sell stock on the market and be a an entity? I am going to launch a marketing campaign for my own IPO. no product, no services, no brick and mortar, just a off shore processing facility to turn your shares into cash and a new boat. LOL
I hope we are ready to bust out...I need to pay the balance of my G-3 Dec 1st maybe I can sign my shares over what do you think?....LOL, J/K
I agree
Thanks
I would like to see the float level a bit more shallow. But if we can confirm the L.O.T. that would be good. The only issues are;
1)what is the offer?
2)what is the time frame?
3)why announce this far in advance?
4)Why have they not retired shares prior to the buyout?
I am sure I have more questions but that is a start.
I can't find the share stricture on the website. Do you have any idea?
could be I am hoping for the best. I don't have a ton tied up hear only just over 2.5 mil shares so I look at it as a lotto play.
liable,
I was being a bit tonge and cheek. But, that said, I have seen companies explode in a five year period from a small time company to billion dollar companies.
My own company went from 0 two years ago, to a multi million dollar company. It happens just not very likely.
Windfall Magic