Veteran, Very Conservative
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I'm sorry, I remember I'm still looking at them in generic way and when I do that I tend to address them in the masculine way. My bad, but I was right on when I said BEHL is gonna make some moves in 2010.
Contra, my thought is not how much the algae specialist is going to cost, rather how much value is he going to bring the orginazation. I can assure you that the big boys have one or more on staff.
BEHL is certainly making some moves at the end of January and I think the progress will continue thru 2010.
GLTA
I think our soon to member of the BOD will take care of Obama stimulas.
That a lot of garbage Rafa, I mean on TV. I'm all for green energy and seeing how OOOObama wants to give money to companys to make it possible I say to Dennis, get two handfulls.
Good Work Steve017 thats a lot of information and I appreciate the info. I have the check list updated, I never posted anything on the iboard. I normally email it to Raymond and he post it, I guess I could email it to him now and he will post it when he recieves the mail. Speaking of Raymond, has anybody heard from him today.
I'll be ready Steve017
Chucker it's good to know I'm read. I really do confuse myself at times, what I'm saying is that the MM's should not lower the ask instead raise the ask. Most of the trades today were buys not sells so to intice more sells to sell raise the ask.
Cool, the mm's need to leave the ask high and move it up.
No, I think you were right, someone decided to turn some loose of some shares at the bell it would appear.
Still mostly buyers, a few sellers!!! Probably would get more sellers if they would raise the bid and ask!!! Just my opinion!
Silver is wanting a spread sheet I did last weekend. I thought I had saved and when I went to retrieve it was not there. I will do it over again this weekend, I still have the template.
BEHLers, had an opportunity to run in the office and check things out, looking at the trades it seems to be all buys at this point. You would thing the mm's would raise the bid and ask at this point!!!
Chart time, the chart did not seem to change much from yesterday. With some volume we could certainly see the PPS rise and get the 20 mda over the 50 again. One notable change would be the narrowing between the 20 & 50 mda. Stochastics is still on an uptrend and the RSI remains strong.
I think we will see more trades today, most people playing penny's have day jobs and just got the PR yesterday after close.
Tikasun, you mean they have happy hour for us cheapies to private message each other. Have silvertwinky message me, I had some problems saving it and ended up losing it. I'll redo it this weekend.
ES1 and Lippid both great post, Dennis has made mistakes but never quit. Dennis is the kind of man that refuses to fail, he will take his licks pick himself up by his boot straps and resolve his issue. I believe we should see a steady climb in the pps now. GLTA
Congratulations Budlight, That is really great news for both daughter and dad. Thats a good way of avoiding the $200,000 debt Phd programs like that cost.
I was just at a finacial aide program that high schools put on for parents of children going to college. So much paper work.
Thank you budlight, I'm just a working stiff myself as a project manager for a commercial construction company. There are some really great BEHLers here, BigBake, Raymond and the rest are great and they know what they are talking about. I have all of the posters marked and monitor what they do on other boards and sometimes lippid sends me over the edge when he is communicating with lossloniboy. Actually Lon, was a great advocate of BEHL at one time as I know you are aware. Have a great evening and stay in touch.
Philip I learned a long time ago that respect will get you a lot further in life than sarcasam. Everyone that got in before during and after the pump had the same opportunity that you, myself, and everybody that invested a single dollar in BEHL had and that was to perform DD. Greed often times has a lot to play in how much some one loses on a stock. It's alright to feel sorry for those that lost but to blame Dennis Fish is a stretch. I've lost money in stock before and I made sure I learned my lesson, expensive way to learn. Now I find myself a very cautious investor and perform a lot of DD before I lay my money on the table.
Thank you guys, just trying to live up to those that came before me.
Funny thou, when I first read it on my cell phone I thought it said physcologist. I figured Dennis need some help dealing with the ihub board. Well I'm off to a meeting for a potential college for my daughter. I asked for a full ride, they offered a bike!
this person is probably a phycologist and algae specialist. When read in it's totality it seems to indicate 1 because they say house phycologist and algae specialist
from the top algae institution and research facility located in the heart of the
USA
That to me would indicate a single hire from this facility.
Philipsky, if these white coats are to monitor algae production don't you think that they would be paid by the JV. Dumping some shares, hmmm that interesting, this is a startup and that how they pay employess. I'm good, your buying shares and that would indicate your good with it too.
Here is a link to a post made here yesterday, others are also indicating a float of around 571,000 and I have yet to see that on paper. I'm still doing my dd on this one.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=45871311
Absolutely Budlight, as sl62 would say with the 20 mda prepared to cross over the 50 mda it looks good for a launch. I have alerts coming to my cell phone I don't have internet access at my particular job. I'm waiting for alerts to a good day. GLTA
someone posted the 10k would be out this wednesday
This is what I was tell you guys the other day, your chart looks great. You're trading below the 20 mda but in an upward trend indicating buying. The 20 mda with some volume could easly complete the cross over the 50 mda and this alone should bring the chart readers to BGNN. Stochastic is indicating a bearish trend with the k line below the d line and this would turn some chart readers away.
I finally went over the merger documents from november and see where they are retiring some stock. I would to see financials and I understand they come out on Wednesday.
Monday chart for BEHL, I tried learning a few things from sl62 so I'll give it shot. I think sl62 would say although this is not where we want the pps to be the indicator are looking good with PPS prepared today to move above the 20 mda and the 50 mda right behind that. I find it particularly interesting because at this point the 20 mda could cross over the 50 mda giving us one of the coveted Golden Cross. The RSI looks good at 45.43 percent but seems to be on a down trend. Stochastics is bullish with the k lines recent move over the d and this means we are in a bullish trend. Ok, till we get sl62 back that the best I can do.
be carefull what you wish for you just might get it! You'll find most of what you are looking for here. I can tell you that they are probably more aware of what's going on here than most people on this board. GLTA
http://investorshub.advfn.com/boards/top_boards.aspx
Exactly unglued, I really don't give a darn if Dennis did do it I DON'T CARE! What I can't believe is that a whole afternoon on the BEHL board has been focused on something Greedy brought up. Does anybody really care. In the grand scheme of things going on right now does it matter, BEHL has so many irons in the fire right now I don't Dennis has time to write a check for pizza! Lets move on!
Greedy, I'm just saying what my spread sheet revealed. Ok, lets just say it is a coincidense that does not mean you know Penny Stock. I'll give you this, you can put up one heck of an argument.
BEHL is going thru growing pains right now and as soon as things get settled the PPS will elevate to where it should be. One of the problems is the element of decent that coincides with your arrival, I've learned that you are just being you. One thing you do bring to the board and that is a lot of post, you can't say it is boring when you arrive. Goodbye Greedy!
Good Afternoon Raymond, Greedy and everybody else. Folks it does not matter the PPS is what it is and will correct it self as things progress with the company. I spent 3 hours over an excel spreadsheet tracking the PPS in relation to Greedies posting. I found the more post he make the lower our PPS goes.
Now everybody just take a pill or whatever you do to relax exercise your right not to respond and maybe things will come back to a nice peaceful calm around here. Ihub has a wonderful feature called ignore, you must activate it under SETTINGS and use the feature. Things will get better then.
I have to go back to work now, I'll be back this evening.
You would think. Here are the facts that we know are going to happen very very soon, BEHL will have a 6000/sf WORKING PBR. Then RWE will make their decision after seeing the working PBR to have a 1 acre PBR installed in Georgetown. A JV is being finalized and the production of the $6,000,000 PO will begin and according to Dennis he can sell all he produces! Some people come to the BEHL board to an actual startup that has a Current Information status on the pinksheets
Greedy I’m going to refer to fellow BEHL investor , he put so eloquently. The link below will take you to a post by Big Bake posted earlier today.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=45832558
It's really good to hear from you greedy, your right shakerzzz sends an email to his followers. Other people follow as well!
Did you get that lead I sent you about that other stock, I really think it would be good for you, and I really feel bad for some of the new investors. Like you said in the past, some of these penny stocks are just empty shells and they need the opposing voice of you. I appreciate all of your efforts, you remind me to do my do diligence before I ever buy another penny stock. You keep up your good work, now go get them.
My last comment on this, so you have an 8k on file I don't have access too. Once again until I see it on file I don't have any trust. GLTUA I'll keep checking back on the filings.
Here is another good read.
THE BASICS BEFORE YOU BUY AN OTC PENNY STOCK
There are several key areas to look at when doing DD on an Over-the-counter pennystock. And it doesn't even include looking at the financial information.. . that is the leastimportant thing to look at.
Share structure and distribution is the FIRST place our eyes should go when looking at an OTC stock. Don't even READ the news until you know whether or not 5 million shares were sold at .005 to a company in the Cayman Islands.
If so, you can rest assured that there will be heavy selling on any run up, as each new buy is met with an insider sell. And the stock will probably then get heavily shorted near the top. . and driven down to nothing. . and I do mean NOTHING.
And if the company does not report their financials to the SEC. . .RUN AWAY. Don't even consider them, because they will surely rip you off any way that they can. And if they SAY that they will soon be reporting their "audited" financials. . .run even faster. . .this means they have NO INTENTION of filing with the SEC. And even if they say "we will be filing with the SEC" or even "we HAVE submitted our financials to the
SEC." DON'T BELIEVE THEM.
MDCE put out a half dozen press releases telling shareholders that they
filed their financials with the SEC. . .but somehow. . .as if by magic. . .they have never appeared on the Edgars.
This stuff is the BASICS of penny trading.
SECOND, look at the HISTORY of the stock. . .was there a reverse split or reverse merger in its past? If so, there will probably be more problems or more reverse splits in the future. How long has the company been in business? It is one thing for a company to come up with an idea. . .it is CLEARLY another for same company to figure out a way to successfully market that product or service. . . and it is another thing yet, for the company to properly manage their money.
Take down the names of the officers of the companies, the investor relations people or firm and any other important parties. . .and do a "entire website" search at the SEC. This is not an Edgar search. . and can be found on the main page of the SEC, which EVERY penny trader should know very well. If your party comes up in the search, you can know their history. . if not, it does not mean they are "clear". . .they still could be under investigation or have played a smaller role in other scams, etc. . . .or just have never been caught. Be UN-trusting as a defense to loss and you will increase your chance at gains.
The easy way to do searches on SEC is to use "adj" between names like
John Smith. . ."john adj smith" . . if it is an odd last name, it should be fine by itself. . "stephanapolous" or "gianapolitana" or "santodominguez" etc. . .otherwise use adj on firm names like "La Jolla adj Capital" or "La adj Jolla adj Capital" . . this will keep the thousands of uses of "capital" or the city "La Jolla" from coming up in the search. It means literally adjacent" words.
THIRD, read the press releases with a cynical eye. . . if they say that the industry is reported to generate 14 billion in revenues each year and we estimate that our revenues in the coming year will be between 40 million and 60 million dollars. . .. RUN away.
If there is no LOGICAL and detailed explanation of HOW the company plans to make ANY money. . .then they don't. . . they just plan to sell shares. . to you? . . hopefully NO. . to the suckers that don't have a clue what they are doing. ANY reports of "projected" revenues should be based on PRIOR performance. . .if not, it is just a pie-in-the-sky arbitrary number picked out to make them look good to prospective penny traders.
If the company headquarters is in Vancouver, Boca Raton, La Jolla, Denver or Las Vegas. . . . RUN AWAY. There is an old saying in the record biz, where thousands of demo tapes are sent every week. . . "if we reject 100 percent of those wanting a record deal, we will be correct in our decision 99 percent of the time. . .and that ain't bad"
By catagorically denying ANY company hailing from these cities, thus
rejecting 100 percent of them. . .we will be correct in our decision 99 percent of the time. And that is not bad.
Other suspect cities, which would require EXTENSIVE DD to justify,
include New York City, Dallas, Houston, Palm Springs or other cities of the Coachella Valley, Ft. Lauderdale or other cities in South Florida, any city in Nevada, ANY city in Canada where everyone can short-sell penny stocks, any other "resort" city. . .
If Gucci has a store there. . .then chances are your company does not
operate a 50,000 square foot building in the same town. . but rather is just one of many operations out of a small office there.
FOURTH. .INVESTIGATE. . . A good way to find out about the company? CALL THEM. NO, I don't mean to call the number they provide you. . .I mean call the local area directory assistance and ask for the company name. . . I have even gone as far as asked for the numbers of each of the officers of suspect companies, only to find that NOBODY had a listed number. . not even the company.
If the company has an unlisted number. . .think about it. . their customers or clients will not be able to find them. . they are absolutely bogus. If the CEO or his wife answers. .or there is a baby crying in the background. . .guess what? The company is being run out of the kitchen table of a house, and they want your money. . .why?
There are bills that need paid, that's why.
Another good trick, is to offer to visit the company headquarters on
short notice. . .say something like I will be in town first thing in the morning and would like directions to the company headquarters, so you can report back to your thread on Silicon Investor. . .yes they all read our threads.
If they say the company is moving, under construction or give ANY reason whatsoever for not allowing you there. . . you have your answer. . they are bogus. .don't believe them. . .if they offer to meet you elsewhere or to guide you in. . . decline and say, you may be late and insist on getting precise directions to the company headquarters. You will be amazed at the number of companies that will refuse to tell you.
If you are still interested in the company at this point. . .then you must ask yourself how much you are willing to lose. . . if you are "investing" 2,000 or more dollars, then go to Southwest Airlines website on a Tuesday thru Thursday and book a 33 to 99 dollar "internet special" flight there and go and see them for yourself. For just a same day trip. . or overnight if you feel adventurous. . .for just a few hundred bucks. . you can get a first hand account of where your money is going.
If they sell goods. . .you want to see the warehouse, shipping, receiving
department. . .it should be impressive. . even if it is tiny. . if they sell services. . you want to see the laborers performing these services. . .if the company is nothing more than a small office with no laborers, because they "farm out" or their workers work "out of their homes" . . .RUN away. That is a lie. . the company is in business just to sell shares. In which case, be sure to note the leather interior of the CEO's car. . because that is what your 2,000 bucks bought.
Note the name or names on the door. Instead of the company name, does it say "capital.. .equity. . .investor. . .relations. . .financial". . etc??? Do
you know why? Because they operate NUMEROUS companies from the same office. . . in which case, your presence is not only NOT WANTED. . .it is threatening to their livelyhood.
If that is the case, I would not bother to even enter, as it may be a
potentially dangerous or threatening situation. . . I would turn around and never look back.
But here is the part of penny trading that is the most important of all.
. .and what I expect from each of us here on the fishing thread. . . when you have information about these companies like that described above. . and someone else is getting suckered into the same company. . . have the decency to tell them.
You don't need to go on the thread and tell eveyone they are invested in
a bogus company. . .chances are good that they have already figured that out. . . but in the course of daily discussion, when the name pops up. . and you can shed some light. . do not hold back.
If they were unlisted. . say so. . if they have convertible debentures
from an offshore placement. . say so. . .if there was a 1 for 100 reverse split a year ago. . .say so . . etc etc etc.
Not every company on the OTC or the Nasdaq is bogus.. . . but as I said
on the Scammy Awards:
Welcome to the Over-The-Counter market of Electronic Bulletin Board and Pink Sheet stocks.
Out of 100,000 issues,
90,000 are scammys
9,000 are clueless
900 are really trying
Leaving 100 that are worth buying.
Thanks to
Rande Is <c> Copyright 1999 Rande Is Posted with permission
Google Jerome, or do a search on sec, make your own opinion like I did, my last response on jerome. And once again the ceo can say anything on a video but when it comes to money I trust what I see in 8ks and 10ks. The only question I had for this board was how did the numbers on the float miraculously get down to 571,000,000. I don't own the stock and I am not here trying to cast doubt. I am monitoring the stock which includes this board till I make my decision to invest or not.
I linked the last 8k to add substance to my question, the last thing I do is watch videos when trying to determine rather or not to buy a stock.
By the way the charts look very good for this stock and that alone is what caught my eye.
Below you will find a post by vantillian I like to read occassionally, It's long but worth your time.
I am calling these 25 points "axioms" in that they are propositions that are not necessarily proved or demonstrated but rather are self-evident to those who trade/invest on the OTC. In other words, these truths should be taken for granted and serve as a starting point or a foundation when deducing or inferring other propositions about OTC investing. I will not seek to prove these axioms to you...they just simply ARE. An axiom appeals to no other authority for verification...it stands on its own as the truth. Therefore, with these axioms we are dealing more with beliefs and less with facts. But without fundamental beliefs, you will have nothing whereby to interpret the facts. So sit up and pay attention because the following are very important ideas that could keep you from losing your shirt and help you to win nicely at playing the OTC market.
1. The Center Stage Axiom
The longer an issue stays in the spotlight...the worse. There's always one or more good reasons as to WHY a company is trading on the OTC...especially if it is a sub-penny company. There have been many times in the past couple years I thought I had found that "true gem" that was going to be another Yahoo. I believed in it big time. I bought into it big time! But after the initial run and a dead-cat bounce or two...things began surfacing that were completely damaging to the demand for the stock. Simply put, the higher a stock climbs in the investing world, the more its rear end shows...and OTC butts ain't pretty. Are there the occasional rule breakers here? Yes (usually they are reverse merger plays). But those stocks are few and far between and they generally uplist very quickly to a higher exchange. As a general rule, the longer a company stays in the limelight, the more enemies it will attract. Bashers. Shorters. Bidwhackers. Apathy. New shares from various and sundry places (especially DILUTION and restricted shares coming off restriction). It's always a war to make the PPS (read: Price Per Share) go up on any issue. Don't stay too long at the war. Fight as long as you are advancing and retreat the moment you see the enemy reinforcements gathering. Or possibly better yet...retreat before you think you even heard the enemy reinforcements. Remember, it's not your job to make a stock PPS go up, it's your job to make your portfolio grow. OTC valor is much different than armed forces valor.
2. The Carpe Diem Axiom
Always take *some* profit when you're sitting on significant gains 50% or higher. Unless you are already independently wealthy and view OTC investing *only* as gambling for FUN (which isn't an altogether bad thing to view it as), take profit. The way to accumulate wealth playing OTC issues is to always exit too soon. Furthermore, it leaves one feeling pretty dern good when he left some on the table for the next guy and was not the chucklehead that singlehandedly killed the run. If it does make you feel good that you were the chucklehead that killed the run, shame on you. Always remember...you do not know the next time buying pressure will allow you to leak out of shares without injuring a stock and/or your portfolio! Seize the day. Seize the opportunity strong buying pressure provides.
3. The Itchy Trigger-Finger Axiom
Someone always has shares to sell to ruin a run. Read it again: Someone ALWAYS has shares to sell to ruin a run. Make this statement your computer desktop and/or screensaver. Say it to yourself ten times whenever you start your trading day. Paint it on the ceiling above your bed so it's the first thing you see in the morning. Please understand that someone owns a whole lot of whatever stock you're jazzed about at much lower average than you -- and often times they own it for NUTHIN' (i.e. compensated promoters, debtors, relatives of CEO, etc.). Also, if you think that YOU are the ONE that is holding all the shares that could potentially ruin a run...think again. Only God knows where all the shares are or will be coming from...because who knows what kind of shorts will attach themselves to your play and sell you nothing but VAPOR.
4. The Domino Effect Axiom
Almost everyone that loses money playing the OTC looks to point a finger somewhere. They want someone or some entity to blame for their loss. Forget that the CEO sold 100M shares into the open market, they'd rather lash out at the popular poster that promoted, endorsed, and otherwise "pumped" the stock. Here's what folks like that should understand...there is a domino effect of people getting screwed. Here's an illustration: the CEO legitimately plans NOT to sell shares but some emergency comes up...and believe me..."emergencies" almost always come up for these guys! Selling shares is the easiest way for him to raise the money and "After all," the CEO justifies to himself, "the reason I went public in the first place was to raise money." The problem here is that the CEO failed to tell his promoters and/or closest investors about his need to raise funds and that group of people is living under the assumption that the share structure is stable (i.e the supply will remain the same). So the CEO got screwed by somebody and had to pay up. He screws the promoters and his closest investors and they had to pay up. Now the promoters and close investors will probably screw another batch of investors. Scenarios like this have happened more times than I can count! When something goes wrong and you're holding several thousand dollars worth of stock, you're not going to be looking to inform the world about things that will negatively affect the stock's PPS! You're looking for ways to bring in buying pressure, not decrease it! Folks love pumpers/promoters when they are helping the stock they are in go up. Folks hate those same pumpers/promoters when their stock is going down. Heroes and zeroes in the microcap world are one and the same...it just depends on the day. Remember this though...if the guy at the top decides to take advantage of people...he most certainly will succeed. What you need to know is your place in the food chain. And friends, if you're a rookie to the OTC world...you are a bottom feeder that gets caught eating the crap of all the other fish in the ocean when the "Domino Effect Axiom" kicks into high gear.
5. The Vapor Shares Axiom
If you see a poster battling the idea of shorting OTC issues with determination and vigil, sit up and pay attention...that poster is either a short himself or working on behalf of the shorts. People and/or groups with the right connections can and do short OTC issues...many times they short stock into oblivion with the full approval and consent of the leadership of the company. Contrary to popular belief, many OTC CEOs don't give a flying fig newton what their stock price does...what they care about is getting their hands on YOUR MONEY. There is alot of money to be made when a stock goes up. There is even more money to be made when a stock goes down if you were selling vapor all the way down to .0001 and cover there. Microocap hedge funds exist. Microcap hedge funds manipulate stocks and steal the money of good people. Unless you are a microcap hedge fund yourself, you can almost never win a battle against a powerful microcap hedgie that is shorting the snot out of your beloved stock. Remember, this is an "axiom" that stands on its own. I will not seek to prove the validity of this point to you. You must simply either accept it or reject it.
6. The Glass-Half-Empty Axiom
Bashers on message boards are a very real force to contend with and it's not a coincidence that I've put this axiom after the "Vapor Shares Axiom." It is easier to get a person to sell a stock than it is to buy a stock...and they know this very well. If your stock's message board becomes infested with bashers...be careful! Unless you believe the company has some incredible news that may force these guys to cover or unless you know of a group with mega-bank that is going to push the stock and perhaps force a cover...be careful when playing with shorty. Many of these bashers will try and convince you that they are there out of the kindness of their heart to try and rescue other investors from the perils of a diluting CEO or worse. Nope. Their motives are to bring the PPS down down down. Bashers, in the end, are almost always right eventually because they are bashing OTC issues. They know axioms like "The Center Stage Axiom" too!!!
7. The Supply IS Demand Axiom
I have seen several runs simply because a stock has a low share structure. A low supply creates demand. Know the share structure. On plays where the TA is gagged, plan to exit within hours of entering and play the momentum only unless you have STRONG and SOLID reason to believe the stock will go up. Call transfer agents. Learn what authorized shares, outstanding shares, and float mean. The share structure is the first thing I look for when making a new investment...it should be the first thing you look for too. If a company is not willing to be transparent in this area, you can bet there's a hundred other areas they're not willing to be transparent about. I have and continue to invest in plays where the transfer agents are gagged (unable to report to you what the current share structure is) but I don't plan to stay invested for long.
8. The Don't Click The Mouse Yet Axiom
Never buy a stock at the high of day after a significant run (good rule of thumb here may be 70-80%). Wait for a pullback. And while you're waiting, do some due diligence. Check the company's filings on pinksheets.com or otcbb.com. Read a few of their PRs. Check the history of the leadership there. Call the transfer agent (T/A) and ask for the share structure. And on stocks that are pulling back, buy at the bid. Remember that it takes both bid buyers and ask buyers to make a stock PPS go up.
9. The Morning Patience Axiom
The first hour of the market is "amateur hour." With most first-hours on hot issues, it'll either be extreme bid whackage which will cause some panic selling which will create some excellent buying opportunities later in the morning OR it will be extreme ask slappage which will lead to a pullback around lunchtime. I hardly ever buy during the first hour of the trading day, and I'd venture to say 80-90% of the time that decision has paid off. I'd rather watch a few missed opportunities than be stuck in a bunch of "apparent" ones.
10. The Bruised Knee Axiom
There are too many enemies against an OTC issue's PPS going up to NEVER lose a battle. Know how to take a defeat. You lost. YOU made a mistake. Evaluate what went wrong. Evaluate why YOU lost money. It's okay to lose money occasionally but it's not okay to be just as dumb after as you were before! Think, think, THINK! Don't make the error again. Get smarter. Listen, school is expensive...tuition rates are high! If you want to make money trading the OTC you had better plan to spend the first year in school.
11. The Show-Me-The-Money Axiom
I once asked a poster that was complaining about getting lied to on a message board: "Are you stupid in any other areas?" Seriously folks, everyone on a stock message board has an agenda...including ME. Including YOU. Consider how often your posts are seasoned with fiction and/or things that you simply DO NOT KNOW TO BE CERTAIN. Consider that you have most likely served up a poo-poo platter covered thickly with powdered sugar. Trusting stock message boards for accurate due diligence is like trusting the National Enquirer for accurate UFO sightings.
12. The I'm-Rubber-And-You're-Glue Axiom
Develop thick skin if you plan to post on stock message boards much. 'Nuff said.
13. The Know-Your-Anthropology Axiom
Understand the nature of man! For this axiom, you need to be somewhat of a Christian theologian. The Bible clearly teaches us that mankind is not naturally good...he is naturally evil (Psalm 14 is a good place to start). The word Christian theologians use to describe our condition is "depravity." Because of the fall of man, we are morally corrupt in every part of our being and tend toward wickedness (i.e. greed, theft, lying). We stand in need of redemption from a Savior. So understand that you are playing amongst people (including yourself) that are not naturally good...they are naturally bad. In other words, you're playing with fire. Lies, half-truths, and misrepresentations abound in the OTC world. You better take EVERYTHING with a grain-of-salt the size of Texas. Some posters require more salt than others to digest. Be an evaluator of people. Learn how to ask the right questions. Make sure your yellow flags and red flags are ALWAYS working.
14. The Early-To-The-Party Axiom
Be willing to buy lower what you bought higher. I have often arrived to a party early. By "party" I mean a gathering of people and people's money that will result in a stock's PPS going much higher. By "early" I mean I got there before the stock was sitting at a low. I am always somewhat discouraged when a purchase I made continues to go down. But if I have done solid due diligence in the company, I often take it as an opportunity to add more shares cheaper and lower my average. In other words, don't look at your initial investment as dead money and hope that it goes back up again so you can get out. Average down, do the due, and then promote your stock to others and help jumpstart the party. Be a spark plug.
15. The Next! Axiom
Be looking to get out of an issue the moment you get in. Have an exit strategy in place. By buying a stock you are not entering into any kind of formal arrangement like matrimony. You are an investor and as such your goal is to make money. If your investment should go up within the first 20-30 minutes of purchase why is it any different taking some profit then as if it took 20-30 days for it to go up? Get in. Lock in profits. Ride freebies.
16. The Grow-Up Axiom
Somebody once said: "If somebody screws you once, shame on them. But if somebody screws you twice, shame on you." In the OTC world I would modify it a bit to say: "If somebody screws you once, shame on you. If somebody screws you twice, you really are a moron." Take responsibility for ALL your investment decisions. Almost nothing ever happens as planned or hoped here on the OTC. There are too many enemies against making a stock's PPS go up. If you're going to play the game down here...you better be ready to accept FULL and COMPLETE responsibility for EVERYTHING YOU DO IN THIS INVESTING REALM. Point the finger of blame at only one place: yourself.
17. The Ask-Yourself-Why Axiom
Understand that many of the people encouraging you to buy an issue are compensated promoters whether they disclaim it or not. Most times they do not have your best interest in mind, they have their best interest in mind cause they're sitting on a mountain of stock and can't wait to turn paper into cash. It has been said that "the man that can answer the question 'what' will always have a job but the man that can answer the question 'why' will always be his boss." Be continually evaluating EVERYTHING by asking questions that begin with "WHY."
18. The What-Was-That-Again? Axiom
Understand you are almost NEVER getting the whole story. The only way optimists will survive in the OTC is if they become compensated promoters. Pessimists can either become paid bashers or fast flippers. The OTC calls for realism. Be a realist. To be a true OTC realist you need to know and understand all that you are up against to make a stock's PPS go up.
19. The Public-Versus-Private Posts Axiom
Many of the people pumping stocks are stuck in them and want to inspire a whole new wave of bagholders to come take their place. Often times what is being said on the public message boards is completely different than what those same posters are saying behind closed doors. Realize this. Digest this. Embrace this. Don't be naive.
20. The Buy-The-Story-Not-The-Company Axiom
So you bought a stock because of a solid PR that came out. Cool. Why did you buy? Because of the story. Do you really know anything else about the company? Is it real? Do they have a big building? Do they have equipment? Are they producing? Forget all that. In many ways it is irrelevant. If you are going to invest in the OTC you had better learn to invest in STORIES. Now, ironically, one of the dictionary definitions for "story" is "a lie or fabrication." Do you really think that you are investing in the same caliber of companies on the OTC as you would on the NASDAQ or NYSE? Don't be naive! Do you think what your company outlined in that lovely PR is really going to happen? Two words for you my friend: SAFE HARBOR. In the OTC you are investing in POTENTIAL ALONE; therefore, be a discerner of the POTENTIAL OF THAT COMPANY'S STORY. What has great potential? Water to China? American Idol in a 3-D world? Gasoline replacement in a weed? Oh yeah baby! All those STORIES have great POTENTIAL. But there's a monster "IF" involved in every one of those. After some time, the reality that the "IF" is gonna stay a big "IF" sinks in and the stock PPS encounters a slow death. Sadly, some of the really real OTC companies go unnoticed because they do not have a great story with potential. The term many investors use to refer to the story is "kool aid." Does your stock have good "kool aid?" Well, does the potential of your company make you want to buy it? Does it make other want to buy it? I try to avoid investing in OTC issues that do not have good kool aid flowage or the potential for good kool aid flowage. Wow. What a concept. On the OTC sometimes you have to invest in the POTENTIAL POTENTIAL of a company. (That last sentence wasn't a misprint. Read it twice if you need to.)
21. The Don't-Gamble-Away-The-Mortgage Axiom
You *should* expect to lose your entire investment. You *should* expect to lose more money than you make playing OTC issues until you wise up, learn these axioms, and behave according to them. If you are playing the OTC to try and make some quick money to pay off a debt, good luck with that. Unless you are an experienced OTC Jedi Master that does this for a living (and I'm by no means saying that I am one or that I have arrived!), you better ONLY USE MONEY YOU CAN AFFORD TO LOSE.
22. The Dingleberry Axiom
This is the term I save for bidwhackers. Realize that the OTC market is unfortunately full of people that don't understand the concept of selling at the offer. They are more than happy to whack out the bids on an issue for their lunch money. Realize that usually the longer an issue stays in the spotlight, the more problem it is gonna have with dingleberries, er, whackers.
23. The Bid And Offer Axiom
Level 2 is often the truest of truths in the OTC. It tells a very accurate story. If you cannot afford to spend your day glued to L2 watching the issues you're trading...you shouldn't expect winning trades on the OTC. I simply cannot stress enough the importance of having LIVE Level 2 and understanding it. Spend some time paper trading which watching L2s. Practice. Practice. Learn. You just gotta understand what the Level 2s are telling you. Some of my friends would also come in here at this point and say it is not only L2 it is also the chart. I would argue that it is MORE L2 and LESS the chart. By understanding and watching L2 I feel like I can identify dilution much faster than by simply looking at a chart and all its indicators.
24. The CEO Is A Scumbag Axiom
Now I know we're all quick to defend our favorite CEO...but the truth is he or she is a scumbag. Now what level of scumbag she or he is I cannot say...but with confidence I can say that every OTC CEO is a scumbag. Deal with it.
25. The Know Your Friends And Enemies Axiom
You will have a hard time succeeding down here without friends. Any amount of public success will bring you more friends and new enemies. Understand which is which. Keep your nose clean. Loose lips sink ships. Know when its time to sever a relationship. Know when its time to repair a relationship. Know your associates.
Now, I must ask you, knowing all of the above, do you REALLY want to mess around with penny stocks? I mean...really???
Okay.
Those of you that have never traded in the OTC or are just beginning to trade down here and are right now shaking your head and thinking that you somehow transcend these axioms...you will have to learn the hard way. Traders like me will end up with your money. I want to thank you in advance for helping build my portfolio.
Those of you scared out of your gourd right now...GOOD. You should be. You should realize that you're absolutely nuts to be risking money down here (and I use the term "down here" on purpose) in the OTC!!!
Investing in the OTC is very risky. It's riskier than Alaskan King Crab fishing! But the rewards often outweigh the risk. The lure of monster profits is too much for many of us to say "no" to. The idea of finding that one true gem in a million that becomes the next Yahoo is too strong a draw for many of us to avoid. The surge of adrenalin that comes when profiting 100% on your money within the same hour you made the trade is addicting. The fun that comes from finding friends and having a successful trade with them is indeed AWESOME.
The OTC is a crazy world that attracts some pretty crazy people...and yet I have chosen to live in this world...I have accepted the consequences of investing in the OTC. I feel safer putting my money in an OTC issue than a NASDAQ or NYSE issue because I understand the OTC.
I have written all of the above as a student, not a teacher. I will always be a student of the OTC...ever learning. I do believe that is a good attitude to have if you want to truly be a successful OTC trader/investor. I do hope that some of what I have said above will help you retain and/or build your bank!
If you want to quibble about something I've stated above or you'd like to tweak something to make it a little more accurate...please feel free to come and engage me on my Van Scan board here: http://investorshub.advfn.com/boards/board.aspx?board_id=12481
Sincerely,
vantillian
I don't go to iboxes for my DD, as an asst. I can put in an ibox anything I want. The ibox shows outstanding shares and float, it does not show the authorized shares. If it is verifiable then it should be in the filings under an 8k. Thank you, I just don't trust jerome! I for one will wait till I see it filed as an 8k. Something as important as this should be filed.
Form 8-K
In addition to filing annual reports on Form 10-K and quarterly reports on Form 10-Q, public companies must report certain material corporate events on a more current basis. Form 8-K is the “current report” companies must file with the SEC to announce major events that shareholders should know about.
http://www.sec.gov/answers/form8k.htm
The most searched for tickers in the last 24 hours
ANX ARSC BEHL BGNN BIEL CBAI CPRK CVAT DDSS EFLN EVRM EXPH EXPU FFGO FTER GDHI GNVC GOOG GRDO HESG INIX JBII JCDS KATX MCLN MDFI MESAQ MFLI MIKP MMUH NEOM PARD PMDP QASP QEDN RMDM SDVI SGCP SKGO SKYF SPN
I guess marketing works!
Where are you getting this 571 million float, the reason I asked is that I was looking to invest and checked out the latest 10Q ending sept. 30 2009 I come up with a much higher float. I posted the part that concerns me, correct me if I'm wrong. My only other concern is the ceo!
Class A – no par value; authorized 10,000,000,000 shares; 571,309,870
shares issued and 570,115,387 outstanding and
1,194,483 in escrow at September 30, 2009; 486,835,870 shares issued and
485,641,387 outstanding, and 1,194,483 in escrow at December 31, 2008; 1,007,337 915,166
Class B - $.01 par value; authorized 50,000,000 shares; no shares issued and outstanding - -
Class C - $.01 par value; authorized 20,000,000 shares; no shares issued and outstanding - -
Additional paid-in capital 6,899,510 6,899,510
Additional paid-in capital – beneficial conversion 1,444,444 1,444,444
Accumulated deficit (12,788,174 ) (11,382,742 )
Total stockholders' deficit (1,992,439 ) (679,178 )
Total liabilities and stockholders' deficit $ 392,143 $ 545,583
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6877052#IVOICETECH10Q093009_HTM_ITEM1
my last comment on this. I am not disagreeing with you totally, yes they are differences. How did you find this was BEHL, was it word of mouth from a buddy, did you wake up one day and say I'm going to invest in a company that manufactures PBRs for the production of algae and produces algae. The answer to most is most likely not, something lead you here and most likely the ticker BEHL was displayed on your screen by a marketing group much like the current group or the psc group last year. That is marketing my friend, the simple fact of drawing investors to click on the ticker plain and simple. Now I'm done with you.