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Happy for the longs that picked up more cheapies from the weak hands. Those weak hands are crying right about... now.
Yep, some folks will never learn to time their buys/sells properly. Think some sold low and will buy back high or kick themselves later for selling in the first place.
Bid stacking up nicely. SP inching a little higher, I think the weak hands are realizing their mistakes selling. We'll go higher and they'll be left behind. Happens all the time, they'll be kicking themselves when we're back over .02 and they haven't bought back in. JMHO
Certainly going to be interesting. Hopefully more traders will return from vacation and bounce her back up soon.
Good bottom play on SNDY today (.013, recent high was .024). Down for the past 3 sessions on low volume, expect it to pick back up. -IMO
Very well-written post, I agree with your assessment. Thanks for taking the time to write up your notes/thoughts.
If you haven't seen this [MUST READ]...
Buyout, CE Mark update, other news can arrive anytime. You don't want to be left out when this happens. Please see below.
Penny Stock Geeks
SNDY (Solos Endoscopy)- The Next VKNG Medical Stock Of 2012?
SNDY .017- Our best performing medical stock of 2012 has been on a steady roll since our initial alert back in January at a mere price of just .0008 cents to VIP members. On Friday SNDY went on to break the barrier at .0147 cents which was the previous high record in February before the stock retraced sharply back to 0038 cents lows. Since then SNDY has managed to overcome all obstacles and made a significant comeback with many loyal group of traders who appear to be holding the majority of the float. The stock has seen some serious momentum as of late after the latest Paragon Financial report which was released this week. Paragon Financial is a prominent research analyst firm which mentioned SNDY next to OPK medical which is a leading medical equipment manufacturer trading on the Amex just below $5 dollars per share. This report by Paragon gives even more credibility of what is about to unfold with SNDY this year and perhaps in the years to come. There is a lot of buzz growing between investors including a possibility of buyout which is a very strong possibility. We expect to see a VKNG type of run this year which could see the stock hit as high as $1 dollar long term.
Link: PSG Link
Not worried in the least Mike, holding strong here. Daily fluctuations don't mean a thing here. She'll bounce back up nearly as quickly as she dropped (...and only a little at that).
Too many eyes on this company, she's going up long-term. That I do know. There aren't many companies that have near the potential as SNDY. I personally can't believe we're trading as low as we are, SNDY is a great buy at these levels. -IMO
Agree. Maybe they are just waiting a few min. before close :D
For those that want to see this stock move upwards a little faster, don't forget to lock in your shares! Here's how:
Looking pretty good now, .017's will be gone shortly.
For newcomers that may not have seen:
3/30/2012
Solos Endoscopy Reduces Net Loss by More Than $688,000
http://finance.yahoo.com/news/solos-endoscopy-reduces-net-loss-134700927.html
Important quote from the above:
"Solos management has made a real effort to reduce debt and position the Company for profitability. By working with its various creditors, management believes the Company can be virtually debt free by the 2nd quarter of 2012," stated Bob Segersten, President of Solos Endoscopy, Inc.
Lock in your newly acquired or existing shares! Recently we watched what can happen if many of us place Limit sell orders for all of our shares. After doing this, the SP definitely traded differently (stabilized) and then closed at the HOD. Here's what to do:
1) Place a Sell Limit Order for all of your shares. Some brokers allow only a few cents above the current price, others allow up to $15 (i.e. Fidelity).
2) Set the order for Good Til Cancelled (GTC).
3) Set the order to All or None (AON).
What this does is limit the number of shares available for the MM's to use. As a result, there are fewer shares accessible by them and the price tends to move in the positive direction. Set your orders, but be sure to adjust if we come close to that price and it's not the price you want to sell at.
-All IMO
I called them, they weren't able to verify this statement (Business Report doesn't flow into the news desk which is whom I talked with). Was it Anthony that provided a Business Report? If so, we can call back around noon to verify those statements were made.
Their contact info:
Radio Station Newsradio
Call Letters WBZ
Frequency 1030 AM
City Boston
State MA - Massachusetts
Metro Area Boston MA
Website http://www.wbz1030.com/
Formats News/Talk, Radio
Commercials Commercials
Playlist News/Talk, Radio
Map Map
Studio Phone
Studio Fax
Studio Email
Business Phone 617-787-7000
Wow 581 board marks, up 10 since late yesterday. Great news!
I've noticed from a few posts here that a few seem to be flipping their entire positions. That seems to me to be a dangerous strategy. If you sell, then we jump as high as many of the longs here are expecting, you've missed out on some serious gains and out. This may force you to buy at a higher price or just stay out altogether. Also, some seem to be using accounts which will require you to may capital gains tax the following year. So, if you're flipping for 5-20k gains, a good portion will be going to taxes.
My strategy here is a bit different, right or wrong. I use an IRA account for all my pennystock trades. The reason is that I pay taxes when "I" want to pay taxes. That is, only when I withdraw.
I purchased ~2m shares. I have about 8 sell orders pre-determined between now and $1. As we hit those targets I sell very small amounts. This way, there is less of an impact on the PPS than dumping large amounts of shares and helps keep it moving higher. Also, my core position once we hit $1 is to still have 1m shares. At that point, I will revisit my plan and sell between $1+.
Anyways, just wanted to show some transparency about how I'm trading here and maybe help someone else who's currently flipping to figure out a new plan that may be better for them long-term. I personally think IRA's are the best approach to trading pennies. For me, Fidelity.com makes it very easy to do this. Only problem with Fidelity is you need to use ActiveTraderPro to get an accurate picture of your pennystock trades (their website doesn't handle 3-digit decimals).
GLTA
Here you are Carlos: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73915144
Like I said, I doubt that would happen... but if it does, would be very interesting for us all.
Not hyping actually. With the low float and the number of shares the original poster indicated (75m), it would definitely push us to new levels. But of course, we'll just have to wait and see.
Do I expect that, no. But with 75m buys coming in early in the week, yes we would see a dramatic change in PPS.
Seems unlikely that they would be able to acquire that many shares this week, unless they plan on buying at .07+ (early in the week). Buys of 75m should take it up to at least .10-.20 by the EOW.
Seems a bit unrealistic unless they have tons of cash. I have no doubt they would profit greatly from it, but would take a large sum to buy that many shares. If they do, they should jump in early Monday otherwise they'll be paying far more later in the week. JMHO
Awesome video, thank you ClayTrader for taking the time to keep us all informed. I always look forward to your updates.
Awesome video, thank you ClayTrader for taking the time to keep us all informed. I always look forward to your updates.
MM bouncing this all around. They are clueless. Ah, decent close at .018. Monday should be a huge run. Glad to be locked and loaded for the fun!
Has to be MM manipulation here. I'm seeing far too many small trades going on. So small, not even worth the effort.
I'm thinking close to the same, close should be around .02. Haven't been through the financials entirely (took the day off from work), but from what I did see it looked GREAT! This is by far the best penny stock I've invested in, we ain't seen nothing yet. Holding long and strong. Let those weak hands/flippers sell, don't need them. Longs need to grab as many as they can and hold tight. -IMO
Any Green day is a good day in my book.
Thanks GM for all your input, like several others here, part of the reason why I invested in SNDY was due to your enthusiasm and dedication. After reading your posts, I then did my own DD and realized this is not a stock to flip for a few dollars here and there.
You are quite the inspiration and I just can't keep quiet about that (thought it might help the other guy if I used it in a complete sentence) :D
Wish I had more powder today, I'd be scooping them up at these levels. News must be coming soon for the MM's to drop this down so low, two days in a row. They must know something we don't. My guess is that they are trying to accumulate as many shares as they can before the pending news hits. Just a theory though, we'll have to wait and see. At any rate, I expect today to end pretty green overall. -IMO
Hold on to your shares folks, looks like the Shake is almost over. Grab more if you can!
Ha, what happened here?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73778308
Ah, I get it. One of the sellers from yesterday. Sorry dude, we're moving on now.
Hot Stocks to Watch for March 29th (SNDY makes the list):
http://www.thehotpennystocks.com/Stock-Blogs/TradersElite/index.php?p=1474
SNDY up 26% today, currently $0.0189. Thin ASK, great buy and hold stock. PennyStockGeeks reported a $1 long-term price target.
Very interesting isn't it? I've seen it so many times myself. Some have said I'm nuts, glad to get some confirmation from someone else who saw the same. Now, if we could get most everyone to do it we would FLY!
For those who haven't done so:
Lock in your shares! Recently we watched what can happen if many of us place Limit sell orders for all of our shares. After doing this, the SP definitely traded differently (stabilized) and then closed at the HOD. Here's what to do:
1) Place a Sell Limit Order for all of your shares. Some brokers allow only a few cents above the current price, others allow up to $15 (i.e. Fidelity).
2) Set the order for Good Til Cancelled (GTC).
3) Set the order to All or None (AON).
What this does is limit the number of shares available for the MM's to use. As a result, there are fewer shares accessible by them and the price tends to move in the positive direction. Set your orders, but be sure to adjust if we come close to that price and it's not the price you want to sell at.
-All IMO
Lock in your shares! Recently we watched what can happen if many of us place Limit sell orders for all of our shares. After doing this, the SP definitely traded differently (stabilized) and then closed at the HOD. Here's what to do:
1) Place a Sell Limit Order for all of your shares. Some brokers allow only a few cents above the current price, others allow up to $15 (i.e. Fidelity).
2) Set the order for Good Til Cancelled (GTC).
3) Set the order to All or None (AON).
What this does is limit the number of shares available for the MM's to use. As a result, there are fewer shares accessible by them and the price tends to move in the positive direction. Set your orders, but be sure to adjust if we come close to that price and it's not the price you want to sell at.
-All IMO
SNDY Breakout! After 2 days consolidation, up 14% at the moment and climbing higher.
Same here, hadn't sold a single share and infact bought more today. Slightly under 2m and holding for .25-$1++.
I'm confident in my decision to buy and hold. Today was expected and needed for us to move higher. My guess, that will start early tomorrow. News isn't needed for that to happen, but always looking forward to more information released by the company. GLTA
Holding tight to my shares here. Bought more today and will buy more as funds clear. Go SNDY!
Remember, buy LOW sell HIGH.
Welcome to the party Hulk, would be pretty cool if you were the "real" hulk hogan. Saw him at TNA Impact in AL a few months ago. That was a blast :)
Man this thing is going to run! MM's have really loaded up from the panic sellers. Go SNDY!
Daily fluctuations don't mean diddly squat. MM's can play whatever games they want with the flippers/weak hands. I'm sitting on my shares like a chicken with her eggs. Can't wait for my babies to hatch around $1 :D
Winner! Wednesday
SNDY has dipped to a great entry point. Load up and hold this one and hold…not a day trade for sure!
Read more: http://thestockmarketwatch.com/newsletters/2012/03/28/winner-wednesday-2/#ixzz1qQQ5ftmb
Source: http://thestockmarketwatch.com/newsletters/2012/03/28/winner-wednesday-2/
Agree, we'll be moving UP within an hour IMO. Once MM's have collected all they can from a very few weak hands.