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TOU Rule 11 Refresher
By posting, you agree that you will not post any content that:
• is abusive, threatening, vulgar, obscene, or otherwise objectionable.
Vulgarity – profanity of any kind is unacceptable on investment boards, even when punctuation characters are used to "fill in the blanks" or letters are changed (f**k, azzh*le, etc.).
However, it is well known that it is acceptable to use some profanity when posting. But, like with everything else, use it moderation. I personally felt the post may have been a little over the top. But in a “allegorical” way maybe served its purpose. And I could construe a way the post was actually on topic in discussing “shotcallers” virtues as an investor, stockpicker.
So I’m gonna let it fly. Can't guarantee it will fly with IHub ADMIN though if detected
KING. Tomorrow is KING day. Nice MOMO going
New news, nothing, except a heavy seller disappeared about two weeks ago. Pure MOMO play (=every dog will have its day play)
Not too late to enter
Disclaimer: I'm heavily frontloaded, so buy,buy,buy
Welcome back CA$H. I've been holding up the BLLN Fort while you were missing. Deleting posts left and right, making sure everybody follows the party line....
Bagfull has deserted and is nowhere to be seen. Actually he has been seen pumping PTSC
I'm still around. Reading everything. Don't have anything to post nor any posts to delete....lol. Still have my core holding and added some to my trading position at 0.45 about a week ago or so
I know, the IBox really, really needs some updating, but I just don't have the time. Some of us got to work unfortunately. Ca$h just got back home from a month long stay in Costa Rica. Bagful is busy loosing money elsewhere (PTSC)
1721
1721 - Peace of Nystad ends the Great Northern War, Sweden loses the baltic provinces Estonia, Livonia and Ingria, as well as much of Karelia to Russia. It marked the advent of Russia as a great power in Europe in place of Sweden.
10Q from Sep31 2007 out
http://www.sec.gov/Archives/edgar/data/1295923/000126847108000012/form10qad093007.htm
APDR is now caught up in filing. However, 10-K due before end of month or with an extension, April 14th. Implications are return to the OTCBB if on time
This caught my eye in the 10 Q:
Description of Securities
Common Stock. At August 31, 2007, the Company had 222,840,000 shares of its common stock outstanding and 500,000,000 shares authorized. Common stock holders have full voting rights.
Preferred Stock. At August 31, 2007 the Company had 15,000,000 authorized and none issued or outstanding.
As of August 31, 2007 there were 215,000,000 shares issued and outstanding to officers and directors and affiliates.
At December 31, 2006 there were no equity compensation plans approved or outstanding and no options granted or outstanding.
No dilution since july 2007 and only 7.8 million shares in the public float
Chart Tails
The stock is in a short term reversal pattern. When a final wave of selling hits a stock prior to a short term reversal, it often forms a chart tail. Chart Tails often signify "capitulation" in a stock, or the final wave of frustration selling by shareholders. They are also referred to as "kangaroo tails" due to the dramatic bounce that often follows. "Dragon Tails" is another common term.
Although you really need a much heavier volume and more of a oversold status to clearly signal chart Tails, this week has the trappings of a chart tail action.
The safest way to trade Tails is to wait for chart confirmation. This is achieved if the stock moves up the day following the Tail, and closes above the midpoint of the prior day's bar. This signals an entry at the following day's open. That was this morning and true to form I added some with a short term target of 0.050. Then we’ll see
You got that right. Most of the MM stories you see are just fantasies that has taken on a life as truths on these boards. I just wish that everybody that invest in pennies should also have to experience a large MM in action. You would find that overwhelmingly majority of the trades are automated and that MMs keep no inventory of penny stocks (too risky).
About the “mirror trades”. These mostly occur when “new” stock enters the market. Because, you and I and our broker most likely are not direct participants in the market, i.e. we are not MMs, so we cannot report our buys and sells to the OTC system. Therefore the MM acting in our place will have to report both the buys and sells for us. So, suppose I have a bunch (10,000) of restricted stock that just came off the restrictions. The TA has removed the legend from the certificates and your broker hands them to the MM with your order to sell them at 0.05
Since the BLLN market is good, the MM sees no problem of selling your 10,000 for the price you asked since the MM has several customers wanting to buy 10,000 at a higher price. The MM buys them from your broker at the price you asked and reports a trade (buy) of 10,000 at 0.05 and then immediately turns around and sells them to a customer for 0.051. the MM reports that as a sell of 10,000 at 0.051 or whatever price.
mirror trades therefore usually indicate dilution
Lets go SIRF'in now
Everybodys learning how
Come on and safari with me
(come on and safari with me)
Come on (SIRF'in) baby wait and see (SIRF'in safari)
Yes Im gonna (SIRF'in) take you SIRFin (SIRFin safari)with me
Come along (SIRF'in) baby wait and see (SIRFin safari)
Yes Im gonna (SIRF'in) take you SIRFin (SIRFin safari)with me
ST target 7.75
Qtrax needs to sign Ashley Alexandra Dupré(a.k.a. Kristen a.k.a. The High-Priced Escort Who Brought Down Gov. Spitzer)
This morning, as her musical collaborators made the rounds of the morning talk shows telling people that she was trying to be a singer and not, you know, that other thing, her MySpace page came down and she added a song for sale to her Amie Street page. Why give it away when you can get paid, right?
Imaging QTrax being mentioned in a thousands of rags from USA Today to supermarket tabloids, such as the National Enquirer and the TV coverage on top
Just like MIDEM over again, but this time with substance. All QTrax needs to do is to make sure her song is downloadeable
In the NY Post article from the almost spin-off in June of last year, Qtrax's initial revenue projections ranged from a low of $20 million to a high of $175 million.
That estimate was as of one year ago with a slightly different Qtrax model, which included a lot more DRM restrictions. Add a year and remove the DRM---------what do you get?
is BLLN going to fill the gap. Maybe…. Pullbacks in price after higher ADX and price highs are excellent re-entry points at the 20 EMA for a retest of the previous bars extreme. The 20EMA is now at 5.4 cents, but is climbing
You wanna be a cheap ass. Put a buy in at 0.056 and hope for no PR for a week or two. the 50MA provides additional support for you at this level.
Will BLLN go that low....doubt it..but without any label signage for a few weeks....maybe...but then again, we have seen major progress this week and I therefore see no reason to doubt the eventual signage of the labels.
but keep in mind these are the pinksheets were trader impatiens rules and you should prepare accordingly
Signage of just 1 single label will send this into the stratosphere just above the troposphere but below the mesospher which is reserved for the second signage
in summary. Don't be surprised if this thing falls below 0.06 w/o news. But then again don't fret too much
Here’s the rub. From the Yahoo board
Question from zcarr1943:
However, I can't get over the notion that somehow, someway, you're not clean on this whole thing. Last couple of days have seen a good number of posts from you, which takes time. Time, no matter how look at it, has an opportunity cost. Or better stated "time is money friend."
Answer from zynexwb:
I’M NOT COMPLETELY CLEAN – I HAVE A MOTIVE – I AM ANGRY WITH ZYNEX FOR DECEITFUL PRACTICES AND DAMAGING MY INDUSTRY WITH THEIR PRACTICES. AS FOR TIME, I AM ON VACATION FOR TWO WEEKS AT GOD’S PLAYGROUND AND I’M POSTING WHEN THE SUN GOES DOWN.
clearly a disgruntled sales person from a competitor. He might as well have said "my income"
TOU Refresher
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• Not staying on topic with the current investment discussion, but instead focusing on an individual member;
Off-topic: Any off-topic discussion is a violation of TOU. If your post is not about the stock for the board you're posting to, do not post it. Use email, private message, or post it to a board where it is on-topic.
==================
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So do I. Just a trading flip. But was a little surprised the pps dove 0.002 to soak up my 75k sell
"We'll see............I'm still holding some...I expect more contracts to follow and major exposure soon."
BLLN. I dumped some at market and the pps didn't hold up good. sign of weakness
This 10:00-10:30 slump is very common for stocks with early morning runs. The money from the initial buyers at the open is drying up and must be replaced by new buyers to sustain the run. Of course, the MMs which had to go short during the initial run is now slowly covering to get ready for the next pop.
From now we should see a much more orderly (and less fun) market action. If this follows the typical pattern, look for a strengthening trend shortly.
you may consider getting a spare flask cause this thing is about to go kaboom
will do. but speaking of kicking somebody. Sold off all my CVSC at 1.50........a little prematurely it appears......bwaaaaahaaaabwwaaaaha.
But then again, it was nice ride from the 0.40's and 0.50's...LOL
Tell that Ca$h guy to get his sorry ass out of Panama quickly and take care of his BLLN board. BLLN will blow up tomorrow as QTrax has finally signed a deal with the major labels
This will be an easy double tomorrow
Sony/ATV Music Publishing Signs QTRAX Digital License Contract
Monday March 3, 5:10 pm ET
http://biz.yahoo.com/prnews/080303/clm149.html?.v=30
Exclusive: Free, Legal P2P Site Qtrax Announces Major Publishing Deals
By Eliot Van Buskirk EmailMarch 03, 2008 | 4:53:23 PM
http://blog.wired.com/music/2008/03/exclusive-free.html
EMI Music Publishing Extends Agreement with QTRAX
Monday March 3, 5:20 pm ET
http://biz.yahoo.com/prnews/080303/clm150.html?.v=31
Will not happen. the Bill & Linda Gates Foundation donates to nonprofit organizations only
New HOD 0.19
Nice to see LABS actually moving up with a little pressure
or something to that nature
No coincidence. Here’s why you the L2 has been “not normal” for the past 30 days.
When WMAN was dropped in to the Pinksheets all the usual MMs became eligible to make a market in the stock by default. However, the process of “uplisting” WMAN on the OTCBB required one MM (HDSN) to sponsor WMAN. Only Market Makers can apply to quote securities on the OTCBB. Companies cannot list themselves on the OTCBB. The sponsoring MM will complete a Form 211 for FINRA review and processing. As a thank you for this work, the sponsoring MM will have a 30 day monopoly on quoting and trading the stock. This is the reason there was only one MM on the L2 up until today. Today the 30 day limitation expired and other MMs are now eligible to piggyback on HDSN’s 211 filing and also make a market.
What I believe took place once the new MMs showed up was dumping of some excess inventory that they have been sitting on for the last 30 days
Dogcat. The 5000 bid/ask sizes you see on L2 has nothing to do with the real size the MMs are asking/bidding. On the OTCs the MMs only has to display a certain minimum size. For all anybody knows PERT could have had millions to sell. Focus on real time trade volume and MM movements instead
Rule 6650. Minimum Quotation Size Requirements For OTC Equity Securities
Price (Bid or Offer) Minimum Quote Size
0–.501 5,000
.51–1.00 2,500
1.01–10.00 500
10.01–100.00 200
100.01–200.00 100
200.01–500.00 25
500.01–1000.00 10
1000.01–2500.00 5
2500.01 + 1
Revisiting the new RULE 144
Apparently, the shorter holding time for restricted securities is not applicable to non-reporting companies such as CVSC. This means the WSPR boys will not be able to sell for a full year. Good news
http://www.sec.gov/rules/final/2007/33-8869fr.pdf
SUMMARY: Rule 144 under the Securities Act of 1933 creates a safe harbor for the sale of securities under the exemption set forth in Section 4(1) of the Securities Act. We are shortening the holding period requirement under Rule 144 for ‘‘restricted securities’’ of issuers that are subject to the reporting requirements of the Securities Exchange Act of 1934 to six months. Restricted securities of issuers that are not subject to the Exchange Act reporting requirements will continue to be subject to a one-year holding period prior to any public resale. The amendments also substantially reduce the restrictions applicable to the resale of securities by non-affiliates. In addition, the amendments simplify the Preliminary Note to Rule 144, amend the manner of sale requirements and eliminate them with respect to debt securities, amend the volume limitations for debt securities, increase the Form 144 filing thresholds, and codify several staff interpretive positions that relate to Rule 144. Finally, we are eliminating the presumptive underwriter provision in Securities Act Rule 145, except for transactions involving a shell company, and revising the resale requirements in Rule 145(d). We believe that the amendments will increase the liquidity of privately sold securities and decrease the cost of capital for all issuers without compromising investor protection. DATES: Effective Date: February 15, 2008. The revised holding periods and other amendments that we are adopting are applicable to securities acquired before or after February 15, 2008. Comment Date: Comments regarding the collection of information requirements within the meaning of the Paperwork Reduction Act of 1995 should be received on or before January 16, 2008.
Posted by: Thirsty Tiger
In reply to: BuffaloBill who wrote msg# 2472
Date:1/26/2008 8:59:16 PM
Post #of 2512
Looks like we'll be hitting the $1.00 dollar ceiling sometime early to mid March given the current trend. Any PR or other positive movement could of course hasten this.
-----------------------------------------------------------------------------------
Obviously, I was waaaayyyy wrong..........hehe
WSPR received the following compensation from Cardiovascular Sciences Inc. (“CVSC”)
(i) One Hundred Fifty Thousand (150,000) shares of its Restricted Common Stock at; and
(ii) Common Stock Purchase Warrants (“Warrants”) exercisable for the purchase, in the aggregate (subject to anti-dilution protections) of Three Hundred Fifty Thousand (350,000) restricted shares of CVSC’s Common Stock at a minimum amount per share
Minimum amount what? price per share
I really wish CVSC didn’t do this……….but if anybody care to look really way down, I’m sure you’ll find a connection between Seven Palms and WSPR.
6 month from December is June
I misunderstood your previous post. You are talking about the shortening of the mandatory holdings for restricted stock from 1 year to 6 month that went into effect today (Rule 144). I thought you meant the 5% holder reporting obligation.
But again, the Rule 144 change is retroactive, any restricted stock issued between Feb. 15 and Aug. 15 of last year are now eligible for sale at once and it does not matter were it is traded, pinksheets, grey market, otcbbs, AMEX, Naz, NYSE.
BLLN being quoted on the PinkSheets has nothing to do with a large share holder’s or public fund’s obligation to file disclosure statements. The holder must file a yearly Schedule 13 with the SEC. It is due on feb 15 for most
This thing used have a spread wide enough for a buss to drive through. Look at it now..........spread is one penny!!!!!
0.91x0.92
Somebody really really wants to shop this one
I'm here all the time (or at least some of the time). You want a post of yours deleted or something..........Don't feel like I have anything to contribute so not posting.
However speaking of the 0.04 support. It's there. It was there back in Oct when CASH and I started to buy in anticipation of the Oct launch. Launch didn't happen, the 0.040 support eventually failed a month later. We bought more.
As any prudent trader, we also sold off on the run up to 0.09 and some on the way down. I still hold a sizeable chunk and added a 100K trading lot today. I may have been a bit too early as it seems likely from todays action that we'll test the 0.04 again. Unless news of course.
BLLN is now a pure Lotto play. It happens and we all drive Porsche 911s, it doesn't and the old Fiat 500.......... You want a ten-bagger...also be prepared to lose it ALL.
Same here. I've put in an alert at 0.20 and gonna let it sleep. I've already accumulated more than I planned
Freto old friend, I don’t come by often so I figure I bring a chip with me.
A pure ADX play in imminent breakout mode.
As it often happens when ADX drops below 18, it leads to a sideways trading pattern, and the moving averages start to cluster around the price of the security. A trader will then know you must range trade using bids and asks at the bottoms and tops of the range, i.e. scalp scalp scalp. Never chase and just wait for the price to come to you.
Classic technical analysis tells you the longer the price action moves horizontal, the more likely the chart pattern will be a reversal pattern rather than a continuation pattern. But you have to be careful because when ADX moves down in these low environments, the breakouts from those ranges are sudden and violent and you really don't want to be caught on the wrong side.
Alexander Elder in his excellent book Trading for a Living also suggests going with the trend whenever ADX breaks from a low level and from beneath both directional lines and then ratchets up four points -- this is a sign that a new trend is starting.
Clearly you can see the bull flag, the first breakout attempt and also how nicely the pps has followed the 200. Huge support at $4
Besides the obvious MA50 and EMA20, next major resistance just below $5, then $5.50-$5.70. We get some volume, GBT will go
A pure ADX play in imminent breakout mode.
As it often happens when ADX drops below 18, it leads to a sideways trading pattern, and the moving averages start to cluster around the price of the security. A trader will then know you must range trade using bids and asks at the bottoms and tops of the range, i.e. scalp scalp scalp. Never chase and just wait for the price to come to you.
Classic technical analysis tells us the longer the price action moves horizontal, the more likely the chart pattern will be a reversal pattern rather than a continuation pattern. But you have to be careful because when ADX moves down in these low environments, the breakouts from those ranges are sudden and violent and you really don't want to be caught on the wrong side.
Alexander Elder in his excellent book Trading for a Living also suggests going with the trend whenever ADX breaks from a low level and from beneath both directional lines and then ratchets up four points -- this is a sign that a new trend is starting.
Clearly you can see the bull flag, the first breakout attempt and also how nicely the pps has followed the 200. Huge support at $4
Besides the obvious MA50 and EMA20, next major resistance just below $5, then $5.50-$5.70. We get some volume, GBT will go
BT
Interesting concept. I'm clearly impressed so far. Need read some more but may throw a starter at it tomorrow
I'm having the same trouble. the L2 is just totally scrambled. the problem started Friday AM. After screwing with it for a while, it is clear that it is only the L2s for OTC stocks that are affected, any AMeX NYSE, or NASDAQ stock has their L2s correctly displayed
You're gonna have to get thru me first. I'm cutting you off by a 1/10th penny at 0.051...LOL. Looked like everybody but me got filled at 0.051 today so I'm still there
"Thanks for sharing TreoTreo...I've been sitting on .05 for over a week...looks like I may get some today.....MAYBE
come-on guys, all that MM BS just shows your inexperience. That MM code shit has been around on the boards as long as there has been an internet and it's all fairy tales. You don't think MMs have telephones and email, do you
MMs don't screw investors, stupid "investors" screw themselves by gambling in penny stocks and loose. MM could care less who owns what and when. 99% of the trades are all automated. I surely hope you guys don't think that there is an actual MM in person following each and every stock.
But if you believe the Easter Bunny then everything is possible