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I think that's the logical answer - PK's do strange things some times, but that is the most evident assumption. All indicators point to higher floors in the near future...I can't believe anyone is getting discouraged with this stock...In this game you do get used to the fluctuations and high volume trading...but this is a very very good sign.
Honestly, I'm not swayed by closing prices anymore - in this world they don't mean a whole lot. The stock trades consistently all day @ .0011, a few up ticks @ .0012 and a few down ticks @ .001 - what this tells me is that the stock traded for .011 today - just because a handful of shares were purchased in the waining seconds for .0010 mean nothing.
Guys - I think we are feeling the sting or something completely out of our control. I own CIVX, was investing for the long-haul and now a company's reputation has been challenged. However, I don't think it's "Big Brother" targeting companies to protect itself, etc. No "Illuminati" controlling world markets.
From an unbiased perspective I think the Government had reports of individuals recieving spam mail touting huge runs expected for certain companies. In actuality it was probably individuals who had more to gain from these runs than the companies. If I own 10 million or 100 million shares and I send out spam and people drive the price up %1000, then I can sell and make a lot of money. the only way this can help a company is if they sell of some of their shares during the run-up. Probably most of these companies noticed an opportunity and sold some of their shares innocently enough near the time of these "bogus" spam mails. The government stopped trading for a couple of reasons:
1.) large Dow Jones stocks don't fluctuate that much and people have less to gain off of spamming, the nature of the game makes PK stocks a likely target.
2.) If the government waits and investigates then this thing could happen again with another company while they were investigating only complicating the issue and causing complaints as to why they didn't act sooner.
I think they stopped trading, tracked down the individual investors (this is not a new trick) who were trying to make quick gains and arrested them, and then trading will resume like nothing ever happened. In addition, it sends a message to companies, whether fairly or not, not to be involved in this kind of behavior, even though it was individuals this time, don't do it.
I think it was probably bad timing for most of the companies on this list. A CEO decides to sell some of his shares and he has to do it atleast 3 days prior to, or following, a PR and it just happens to fall near the time of someone's get-rich-quick scheme. No CEO is that stupid - but they'll have to investigate, and no, they'll never proclaim any of the companies innocent.
I'm not sure if I explained it well - but individuals, like you and me, have so much more to gain by spiking a price and selling than a company does, so it's ludicrious to think that CIVX would do that. Most of these companies don't want fluctuations, especially ones that are built on hype and return stock to the SAME PRICE or LOWER Than where it started. They want growth, profits, and to be on the big exchanges. unfortunately, part of PK stock trading is going through this type of stuff...
GOOD JOB MAN!!! I totally agree - there's something in this trading that requires you to have confidence or else you hesitate and it costs...Way to go!!
Alphatrade. I hear they have the best L2's for pinkies. BJT was mentioning some different companies. Alphatrade seems to be pretty expensive because you have to pay seperate from the monthly expense, additionally for the l2's streaming on Pk and then another fee for OTC if you want them - but - I hear Alphatrade is the best - any thoughts??
Ya, I hope it goes on a run this morning...it's kinda stalled some this week, but it has to pick-up soon. Famous last words, I know, but I'm looking for a good ending to this week! Happy trading...
Another thought just to throw out there -
I've been analyzing my positions on stocks, the pyschocology of it all and I think in the near term I might start to trade a little differently - I know other people have been known to stop by here and some might disagree, but let me know what you think:
I've done really well so far on stocks that I analyze the Technical analysis, do some quick research on, see that it's probably going to pop soon, and then play the runs. Nothing spectacular, but 1.4k here, another 1k there, one day quick hits and then out. I'm still favorable of the company and still like it long term, but if I don't do that it seems to either take a slow ride south before it builds up more momentum, or just stalls with all the heightened exposure and MM activity - enough to drive a man crazy.
The other mental game I deal with is that if I accumulate stocks, I more prone to hold long and watch a stock stall or fall. I start to do the mental calculations - "If this thing goes to a dime, I'm set!" So far, it hasn't happened. I'm relatively new here, but I've traded stocks on other indexes and I've followed stocks for 10 years, so it's seems to be pretty consistent. Also, it's tough to unload a lot of shares and I'm less inclined to part with some shares, knowing they "could" be worth so much more in the future. Since I don't have a huge amount of capital to sit and watch right now, I might take a more liberal approach and have two accounts. Maybe keep my Ameritrade account just to hold stocks long in, like CHNW, but everyday, if I have a little freed up capital, I think I can roll 1k here and 1k there - It's not amazing or anything to write home to mom about, but it's a steady flow and I stay one tract and sharp with stock trading, not second guessing, you know what I mean? Maybe I'm talking out of my butt here, but does anybody else feel this way sometimes?? It's more difficult to manage and not marry a stock when you start accumulating it. It's easier to stay fluid when you constantly cashing out and have cash to reinvest...It's not a popular method with the veterans, but it does keep the market honest and it keeps me @ peace without feeling trapped into a stock or stuck, because I'm out of capital and I'm even with all my stocks waiting for the next big jump, because it's dropped 1/2 it's share price. Just a thought...
I'm actually in a good place - closed green today, but it get's old watching the same stocks day in and day out holding for the big ride...knowing I might get locked out, or shares released or just because of life's demands miss a day because of work, only to realize it jumped 200% and the dropped back down...
I guess I'm just brainstorming...but I'm still adjusting my strategy here - thanks for listening...
I agree - in this land you don't step out too quickly unless you have your ducks in a row or it might go in a direction that is totally unexpected. People jump on rumors and do strange things. I'm sure they are putting everything together nice and "whitey-tighty" ready to release to the public...
I know it may be a little pricey but if your looking for a company to throw some money in, you might try PDGT. I've only got $1,000.00 bucks, but Many are talking of a huge run soon, seems to be getting primed - today it rose some and was driven back down. Go check out the board, it's run by Dragon and other big names and I think you might like the company. I just know you guys were looking for some more action recently, though you may have all you can handle now - it seems like the run-up that EVSA had, but better. There are less shares in float, trading volume is much lower and I think the people that have it will ride it longer.
On a side note - I think CHNW is about to wear us out - it could really move a lot soon. I know we are growing impatient, but I can see us in a few weeks so worn out and nerves frazzled that we can't wait for the weekend to recover from the manic weak of trading CHNW - should be a lot of fun.
I am your follower - you can do no wrong - Nanu Nanu
:)
You have your fingers in a lot of stuff, don't you?
Let's look for the CHNW run this afternoon -
I guess my CIVX is locked down for a while - I'd heard rumors of this sorta thing happening yesterday when I was reading posts. Most people were blaming Scottrade and thinking it was a good sign since this always happens right before a really big run...
the only company I had any stock in was CIVX - $1,000.00 and it had already dropped to $666.00, so the most I can lose @ this point is $666.00 - no big loss. I guess this is the danger of playing some of the fringe stocks.
What's the latest on the commune your developing Strong...?? :)
I rode a couple of those peaks - did pretty well - 100% one day and then 40-60% the next, but I'm out now, it's had too much of a ride and needs to build some more compression - price is being driven back down. If I were you I let it drop a few days and maybe buy back in but I don't see too much action right now. It's down this morning - but this is a difficult time for me to read a stock - A lot of people have taken profits and the share holders are all new and want to make a quick profit, but it's heading south some...honestly, the more I look @ it - .01 is where it's @ now this morning and .01 seems to be the floor for this stock - you would probably do alright trying to get in @ .01, but that's just me. I'm steering clear for a few days and letting the dust settle. I've made some money and I don't want to turn around and give it back.
Sounds good - I think I will do the stagger process, not to exceed 20% or something like that.
I have no clue what professionals charge - I know the high risk tend to charge more - it's difficult to gauge it against Merryll Lynch or someone like that - they just give you a bunch of Mutual Funds - whatabout a minimum investment - $1,000.00 or $2,000.00 to start out? or maybe lower - $500.00, I don't think I want to go any lower than that.
Ya - I figured you'd be down today after seeing CHNW's performance. I had a good day yesterday, but took a hit today...oh well. I think the thing we have to ask ourselves is to what extent - 20%, 30%, 50%, of our capital we park in companies that we believe in for the long-haul. I'm finding I have too much of my assets tied down with CIVX, CHNW, and PDGT, which I got into thinking they were going to run - some did and now have stalled, and some didn't, and now it's taking longer than I thought. I need cash reserves to use to play on other stocks while I'm waiting for runs. I guess it's trading discipline and a clear set of guidelines that I stay consistent with - when I don't do that I get in to trouble. I vow not to get married to any companies and now I holed up in several. oh well - live and learn.
I've got a few friends around here - 5 people or so, who want to create a stock club - meaning I meet with them once a week or month to tell them how we're doing, they all put money in, and I invest it for them taking a percentage of the earnings for my time - I'm going to research it, and they are all friends of mine, but what % should I charge? It's dangerous business doing this with friends, though all have come to the conscensus that they are pretending like they never had the money and so if we loose it all - nobody cares. I'm thinking I shouldn't charge anything if I'm loosing money, because then it would be really difficult for me relating to them.
I know it's dangerous business, but if you knew how these people are - they're amazing and they mainly want to do as an experiment as to what a homegroup really should be like. Get together, share our thoughts on stocks, talk, eat, get an update and leave - hopefully making some money, but also a platform to just be real and walk in community outside the 4 walls of a church...anyway - IF YOU WERE GOING TO DO SOMETHING LIKE THIS - how much would you charge?
Honestly, I know you haven't been given a proper response, but you ask a difficult question and I don't know if you deserving of a long-winded answer. These are stocks, and nobody is going to try to convince you to stay around, though we can explain some of the activity lately. If you are disappointed because of the price, then their are explanations for that - shorts driving the price down before they have to cover before the name change - trading was light today, so most people are not buying into it, but are holding and buying even more stock waiting for the price boom when shorts really do have to cover and will buy @ whatever the asking price is, thus pushing the price super high.
In PK land there is too much fluff - too many companies talking about big products that don't reach the market and then issue a bunch of shares driving the price down and killing stockholders. This company is not doing that. They are producing real products, issuing PR's, they're not into schemes, but rather what works. If the website is bland then I'm not worried, because they seem to be more interested in what works - keeping the price down and creating value for the company (and with that Stakeholders - US!!) I suggest you visit the site, listen to some of the interviews with the CEO, Garr, read the DD - this is a great company for the long-haul and you will wish you stayed in it! Don't be discouraged - I feel better about this company then any other PK stock that I've traded in. Some stocks, I trade in just to play the ebbs-and-flows and make money, but this one is different - I'm in it because I believe in it - honestly. I graduated with a 4.0 in Finance, I'm a financial Analyst, so I do know some of what I am talking about.
Do your own DD, but there is plenty here to chew on as well. I hope you change your mind - I've seen plenty of fluff, and this company isn't it. Ignore those stupid posters who are saying, "This one's going to $2...yada yada yada..." It's probably not going there anytime soon. They don't have any proof of that and the whole time they are saying it, many are cashing in on the run it's just taken, only to buy back in on the dips. It's just like every PK stock. It's going to stair-step it's way up with people taking profits @ different points. But it will go up, they are producing real products that work and have quite a vision for the future. So you can try to play the highs and lows, or you can sit on it for a couple of years and have a lot of money, but this stock will be worth a lot more than is now - I believe that.
Does this help? I don't want to reprint a bunch of DD that you can find yourself - I just want to encourage not to buy into the head-games the MM's play. It's been proven that given our natural instinct we buy and sell @ the wrong times. Don't sell @ the wrong time - the future looks bright!
hang in there guys - I actually had a pretty good day all around - except that I bought up 2 million shares with 3 minutes left to go in CHNW and then it dipped at the last second. It was obvious minipulation of the stock price today, oh well - we're going to have those days - better for me to double up and roll. Should be a close this week, I expect. Hope all is well - we had a fire night tonight with the kids, including marshmellows - GOD, I LOVE BEING A PARENT!!!
Sweet dreams and happy trading tomorrow. Jamie - let me know what your accountant says about Estimated payment, etc. I'm getting my printer fixed this week and then I'm going to print out all the forms - I tried to do just scrolling through my computer screen and it was driving me crazy!!
Man - I took some profits on EVSA and then dumped them in CHNW today since it was dipping - I figure I have a few more days of green this week. The thing that stinks is that I tried to get in @ .011 for quite a while and it just hung @ .012 - strong floor. So finally with 3 minutes left I bought shares @ .012, only to see the last trade go through and drive it down to .011 - DANG IT!! It was obvious today that short sellers were doing their thing - but it can only hold CHNW so long. I can't expect record days EVERY day. The more stock I get of CHNW, the more I love the company, which is unusual. Nobody panic - "Mamma said there'd be days like this, momma said there'd be days like this, Mamma said, Mamma said..."
Look for another upswing tomorrow and plenty of news. CHNW has things rolling and that is a great sign.
Man I'm starting to get the hang of this - I rode EVSA up to .012 - I barely hung on - almost sold out cheaper, but I knew it could reach .012 - sure enough I sold and then it dropped down some...looking to get back in and ride it up again. this is really, really fun.
ya - it feels good when you know a stock is moving. My worst feeling (so far) is when a stock is stuck - just sitting there. It's it dips, then I sell and count my losses and learn a lesson, but I hate just waiting, which is what CIVX is doing now as it's compressing.
CHNW is not moving today like I thought it would - it has taken some gains, I thought it would go higher, before people cashed out - but I guess when you have billions of shares trading then people have a lot of them and a few points can mean significant money.
Well I'm learning and still working on Capital accumulation - 100% of $1,000 is just $1,000, but it's a start. I started with such a small amount for my account so that if I lost it all then I wouldn't really care. I'm still under 10k, though knocking on the door - my first 15k-25k score will be so sweet!! That's going to be an awesome day! I feel pretty good about how I'm positioned tomorrow - I think it could be a GREEN day! Best wishes to all!!
Ya I got back in today and gave some of that back - but the more I read the more I wanted to be in the stock. I'm still learning. I thought it had leveled off - shorts were trying to drive the price down and it was holding firm for quite a while even threatening back up. I thought for sure it would climb again @ the end of the day. I put in a buy order 20% under thinking by a freak chance it might fill. I get to work and it's filled. I'm like, "man, this could be nuts" and then it started heading up some and I thought, "crap, I'm going to flip 100% twice in one day, but it came back down and then at the very end dipped so, I gave some of those profits back, but I'm still in a great position. Gosh, I'm learning so much and the only way to do it is take some chances, I'm just trying to make sure I take good chances and calculated risk and not stupid stuff - you know???
The new floor for EVSA, was much lower than I thought it would be - Might be a good time to get in - I mean heck, their books are clean and they're going after the NASDAQ, that would give me a lot of assurance as an investor. That is more than we know about a lot of companies. I got back in in the afternoon, but it dipped right at the close, which was pretty frustrating. I hope it'll continue to go up.
Ya - I noticed that - but I'll wait and see where the new floor is - I think it's a good one - sorry - I steered you wrong as to what they do - I was confused with another stock. EVSA make biodegradable, eco-friendly cleaners, etc.
activity seems to low today - though I'm doing very well with my picks...a few are down and I see that just 2000 shares have exchanged hands today or something - "oh...go figure". It's an interesting day - I had a sell order in for CHNW @ .015, but I think a lot of people must have sell orders there as well. It's reached .015 twice already, and other orders have filled and it's dropped back down - kind of a new ceiling. I'm hoping to sell @ .015, let it fall and buy back in - we'll see what happens. If it doesn't sell, then I'm not concerned. Again, I love the company, Esprit, where going to have to start using new names around here.
BTW - what's the story with PMCL - it seems to bottoming out. NNYR - took off today, but it was LOW LOW volume, so you can't trust that.
I'm down with it. I've been kinda busy lately, so I haven't much time to really devote to it to see what it offers and what I need - I'm still a newby enough that I don't know what I'm missing. I can't wait until I feel comfortable with all the data that I'm getting, that I get it in a timely manner, and that I feel like I'm on the same page with everyone else.
btw, I'm sharing @ church tommorrow and I'm closing works monthly books this weekend so I'm going to be @ work a lot on Sunday and Monday. Posts might be sparce and I really don't have time to research all the tax stuff this weekend like I thought I would. BUT, I'be download everything I need I just need a night to sit down, read through it, fill it out, and get it done. I'm sure it'll be sometime next week. Harvey threw-up today, so I'm just plowing through it all, getting everything done that needs to be done, and trying not to be distracted. I hope all is well with you guys...I'll probably post later on tonight. I love you guys - btw, Harmony Adams is with us this weekend and she said that her and her family would be visiting you in NC in a few weeks - I've told her to send our blessings. I miss you and still wish we all lived in a commune together somewhere... :)
It was looking like I was going to loose some money today, which was not a thrilling prospect. I'm still going to loose a couple hundred on CIVX, I wanted to get in and I guess I got too anxious - got in @ 3 instead of 2 for most of my shares. oh well...could be worse. I'm hoping CHNW finished strong as well as my other picks. oh well...just have to sit back and watch. all in all it hasn't been a bad week for me.
I just about busted a gut @ work reading your post - "in a way, I kinda like investing blind" It's that Manu Bumb, dry style, of humor that just get's me...good thing I had put my Nehi Peach down or else I would have spit it all over the place.
Let's definitely look into L2's - do you guys have real time quotes? I do in a round-about-way. I can put in a buy order, it'll let me review it before I place it, and during the review process it shows me real-time ask/bid/latest,etc. But I don't think my streamer is real-time. Maybe it is, but I'm at work, so I'm not going to bring my streamer up on my computer - too obvious. Anyway, I would like an upgrade to atleast let us compete on an even playing field with everyone else. bTW, I Got into CIVX, some shares @ .0002 and some @ .0003, I guess it all depends on the price - I don't think you can get in for .0001 anymore. I may have gotten in high, but I don't mind holding it a little longer - I know it will go higher than that...
I never did reply to you - thanks for the Info. As far as I can tell about NNYR, they have already done the forward split and that's what has dropped the price down - I did know of any new rumors for another one. I'll keep my ears open...
Hey beautiful people - I'm calling it a night here pretty soon - I've done all my DD and I'm ready to make my purchases. I should be relatively early - I want to see what the asking prices are as soon as early trading hours begin. I've got my picks, a little complicated depending on what the asking prices are - I don't think I'm going to hem-haw a lot in the morning - try to hit the asking price and believe they'll move up pretty quickly. Hopefully it's a good day tommorrow. I'm pretty excited and best of luck all around. I really do like to end the week on an up note. In better news, I'll have another 2,000 next week to invest, so more capital to pass around. As soon as I start to think I'm running out of stocks, I get a whole list to go through and it's tough to widdle it down. I guess it's kinda ebb-and-flow day to day around here, but always something stirring. I have a lot of work tomorrow to do @ work, so I'm not sure how well I can watch the stocks - so it could be risky. I've just prayed, asked the Lord to help me, and chose the stocks I had peace about - I can't complain about that, can I?
Sleep tight and get some rest...we need it.
I agree with everything that Stong has said - thanks for posting and including a lot of detail. Sometimes I feel like I'm the only one or something and I need to know what others are thinking. I've got a few choices tommorrow - Let me know what you think -
I'm thinking about getting in NNYR - it's the lowest it's been in a while and I think it's due a run. Am I too early or would this be a good time? I could invest in CHNW and then in a week after it runs some, get out and into NNYR, but I don't want to miss NNYR @ it's low point. Any thoughts on NNYR and timing this stuff??
I'm planning on staying in CHNW tommorrow and getting into CIVX (it's so stinkin' low right now) I'm also interested in PDGT and PMCL - both of which are really low and due a run. I've steared clear of some of the other tried and true stocks because they've already had runs recently and experience tells me that they typically cool off for a while before the run again, unless they have a lot going (like CHNW) and new news coming out every day. Of these 5 choices, just you're thoughts which 3 would you do:
1.) Put some more in CHNW
2.) invest in NNYR
3.) Invest in CIVX
4.) invest in PDGT
5.) invest in PMCL
I know it's my money and I won't hold anyone accountable - but what do you guys think - are there others you would recommend more??
Hey - let's regroup tonight - post some and figure out what we feel for tomorrow. I think we've gotta good game plan, we just don't need to be frustrated. CHNW will probably keep going up, you have to forget what might have been, and just figure out where our new exit point is, before we get back in. I've got 3,000 to put in tomorrow and wondering where to stick it - any ideas might be nice. Baring a great pick, I'm put it in CHNW early, and cash it all out later in the day...just an idea.
sorry - accidentally posted on the wrong board - JohnIraq - you're not Phil and Jenny's son are you??
ya - I really prefer the controlled burn and it seems to me, at some level, that CHNW would prefer that as well - as a company it would drive me crazy if my stock kept spiking and plummeting.
I'm starting to formulate an evolving strategy for stock picking, but CHNW is a keeper for me. Now yesterday really, really hurt...but today is being much more friendly and sharing it's toys and not pushing on the playground, uh.., sorry. anyway - I'm digging the slow climb.
CHNW is running - this is great!!!
ya, If trading pennies was that easy, everyone would do it and everyone would make a lot of money at it as well. I think we are sharpening our skills and will be for quite some time. Years down the road we'll probably still make mistakes, though hopefully they get fewer and less costly.
Called the IRS again tonight - got a bunch of information in my head and I'll try to process it in the next week or so and give it to you in a orderly, step by step, process. Here's where I am tonight in addition to what I learned last night:
First off - According to the IRS if we expect to owe $1,000 in taxes from any activity whether delivering papers or selling stocks, at the end of the year then the IRS expects us to make estimate taxes. They flip side of that, is that if we don't expect to owe $1,000 in taxes, but because of success do owe $1,000.00 in taxes then they will say you should have known better and fine you, etc. So, based on income brackets even if you write a bunch of stuff off most of us would still be in the 10% income bracket - (I think I'm in the 20s) which means if you expect to make 10k this year than you should make quarterly estimated taxes.
The step by step process of determining expected taxes is found in the 2007 form 1040-ES page 4. There is worksheet that you walk through where you estimate your taxes for the whole calender year based on estimates, then you are supposed to mail in 4 equal payments based on that estimate. I asked the question, "hey this isn't like a paper route - I could make 20k one quarter and loose 10k the next - what do I do?" To which I was told estimate high so I don't pay in too little and get fined - I laughed in her face!! I said, "I'm not going to estimate 80k in taxes and get taxed out the wahzoo only to just make 15k or something - that's crazy." So she said, since stocks trading is so volatile, estimate the best you can and if you have an exceptional quarter, use the worksheet of the form 1040-es to recalc the estimate tax and send in more or less accordingly. Then at the end of the year, I'd have to submit a form 20210 and a schedule AI - all attached to my returns explaining the volatility of the income, why is was volatile, concluding why I made different quarterly estimate tax payments - I'm sure we're not the first investors to do this. Does all that make sense???
I know that was a bunch of information above - I'll try to read over it to make sure it makes sense and it'll probably take a few readings for it to sink in fully. Again, I can clarify, but I'll figure out the process and walk us all through it.
This was the good news I found for me, but it might not be so good for Strongstock. "Investors" are taxed differently than "day-traders". Here is what distinguishes a day-trader:
1.) you must seek to profit from daily market movements in the prices of securites and not from dividends, interest, or capital appreciation.
2.) Your activity must be substantial.
3.) You must carry on the activity with continuity and regularity.
The following facts or circumstances should be considered in determining if your activity is a securities trading business.
1.) Typical holding period for securities bought and sold.
2.) The frequency and dollar amount of your trades during the year.
3.) The extent to which you pursue the activity to produce income for a livelihood.
4.) The amount of time you devote to the activity.
So I said, Boil this down for me. If I work a 9-5 job, study up some @ night place some trades and then see how I did the next day am I a trader or an investor. She said, "you're an investor, the real determinant is whether you seek a livelihood with this or not. If get your livelihood through your 9-5 job and then invest on the side, then you are an investor." I think the lesser factor is that we aren't playing the daily market movements necessarily but are searching capital appreciation. We can't short stocks less than $5, so we can't play them to go down - we're really playing them to go up and give us capital appreciation - or am I just justifying this??
The reason it's important whether you are a trader or an investor is that traders have to file self-employment taxes in addition to capital gains tax payments. Your taxes are more if you do this for a livelihood than just as an investor. I'm not sure how much more - I can figure all that up. This is pretty much the bulk of what I learn tonight. Maybe you guys can give me a figure - 20k, 40k, 60k that you would like me to use in determining your estimated incomes this year just to get an idea of how much $ we are talking about that we have to send in each quarter - plus, give me what you think you'll make from your other incomes like real estate and rent (BJT's is going to be a B!T@H) BJT stands for Butt-ass Just Time consuming. I'll run all the numbers I can and compare the differences between investor and trader - it'll take me some time though. I think BJT needs his own personal Accountant - he's got way too much going on...How does all this sound - you guys discouraged or what? I think once I get it all figured out it won't be that big of a deal - it's just a lot right now and there's always the unknown and fear that they might come back later and put a hurt on your @$$ greater than the woopin' we took today. After this year, it'll be a breeze, because we'll have it figured out and we'll just have to keep up with new tax laws. Isn't the paperwork side of this SO MUCH FUN!!!
I love you guys, but honestly, depending on how well we do this year, I'm totally scared they'll come back and tell me I'm a day trader. But honestly, now that I look at it, I don't do all that many trades. I think about a crap load of trades all day long, but I complete only a few. In fact, in a week I've only bought, sold, and bought again - that's not a lot. I hope tomorrow is a healing day for us all!!
I only have 7 posts after this one and I still have to research taxes - but I wanted to see if maybe you guys could post later a lessons' learned from CHNW. We kept expecting a bounce today, but I think there were too many factors weighing it down. It had already risen from .0001 this year, bad PR about dilution, and MM's driving the price down. It's amazing how stops can tumble even when it looks like they have a solid base believing in the stock and who will "run it to 1$" or whatever.
I should have some more money to purchase with on Friday and I'll probably buy a couple million if it doesn' go up a lot between now and then. AAPM is back down to .0002 which it would be a good time to get 5 million shares. I'm just surprised this one never ran - it never really got a chance to, but it will definitely recover with time and the companies future is only getting brighter and brighter.
I just got the PR - sounds good - upper manangement get's restricted shares and they are going to aggressively protect shareholder value - let's see a bounce!!
ya - I'm actually confident we're doing just fine with this stock - not bad PR - it's just people taking profits.
on a side note: I guess everyone looks like geniuses when the markets are running and everyone looks stupid when it's dropping. If we told people what we lost today - they would be like "see, I told you so". I think this comes back to my post yesterday - you're never as good or as bad as you think you are. Additionally - we're still ahead and still making moeny and these sorta things are expected...I'm not worried. I'm just glad AAPM has dropped back down some too, so that I can start to get in. Look for me to get in on Friday, which is when I should have some more money leverage.
ya - if I had money I could use I would buy in again now - it's pretty stinkin' low...
ya - MM's are dropping this one in a hurry - If I had played conservatively, I still don't think I would've been able to sell this one. I would have opened @ .002 and it never got there - I think we will se a rebound this afternoon...but we'll have to see.