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Now trading in hundredths of a penny. Bid .0357 ask .0358.
KELLYCO, yep someone's making money on these penny scams but it's not the investing gamblers it's the Penny Stock Rags.
All you have to do is read the article and look at the chart to see what went on. There was absolutely no reason for the stock to jump from .04 to .24...it was all Hype. Sorry for those who bought into it.
Notice the date!
By admin on July 21st, 2011
$BRYN – Gold is on Fire and so is Bryn Resources
Our team of analyst have done it again, picking our next monster winner and they found it with Bryn Resources (BRYN). With gold trading at all time highs near $1,600 per ounce, members were asking for a low float Solid Gold play. We agree it’s time to unleash a monster Gold play to our mix. What really got our attention and stood out among the others was a mid-day press release.
Notice the action on same date:
http://finance.yahoo.com/echarts?s=BRYN.PK+Interactive#chart1:symbol=bryn.pk;range=6m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Thanks johnsyn, something everyone should listen to but we know only a handful will. However, with the vote in NY and NV this week, maybe some are waking up:
Defeats in New York and Nevada
A New York congressional district that has been sending Democrats to Washington since 1922 elects a Republican to the House.
A Nevada district that includes the key battleground counties of what has become a pivotal swing state votes Republican by a 22-point margin
Amigo, not slanted at all. You were reporting on Xooma quite regularly and then you stopped, was just wondering what was going on that's all.
MRDALE all your answers are here on this board just go back and read read read.
Amigo, what's going on with Xooma, you have not said anything about them in quite some time. Did they lose interest in PAZ?
declaes, what lies???? BRYN is a one man operation, he has two parcels of land, it will take years and millions before BRYN makes any money if ever, that's the simple truth, not a lie...Please tell me where the lies are???
I realize that they have upto $100 million credit facility per deal available, that the shares were slashed in 1/2 and the float is down to 5.5 million and that they are partnered with Trueclaim but even if successful, it's still going to take years.
by what?
Kelly I believe that 33% of .15 is .05.
declaes, when are the penny stock investors going to learn that MM's have nothing to do with trading in these stocks. The bid and ask are set by investor orders. Anything above 5000 shares is an actual order, 5000 shares bid or ask is usually the minimum a brokers computer program is set up to trade. These electronic trading programs are designed to make the broker money and, if no real orders, will set the bid and ask at 20, 30, 40% apart. As soon as real orders come in the bid and ask will reflect that unless the real order is below 5000. Level 2 on penny stocks will not show investor orders below 5000 shares.
As for TA on a penny stock you have to be kidding. TA simply tells you what a stock has done in the past, it cannot predict what the stock is going to do in the future, if it could all TA users would be billionaires. As I have said in the past where TA comes into play is on stocks that have a large following of TA believers. In those stocks when the prices crosses some line that signals a buy or sell these TA believers buy or sell...thus a self fulfilling prophesy.
Slugbug, Guess you nor your friend read this board: Per CAVU IR there are approx 2100 individual shareholders. See post 8054 link below.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66495157
Whoops sorry about that...still a miniscule amount. The numbers are so small it's hard to keep the decimal point in the right place. LOL
Docgno, 84,000 shares at .02= a whole $1680...WOW
johnsyn, No twas not me.
Some large blocks going off at the bid of .035?
Time to ask Cramer to pump it. LOL
todaybrian, saying it on paper and implement it are two entirely different entities. There are hundreds of Pinkies that make outlandish claims and eventually go belly up. Some actually make it (but very very few). It is still my opinion that they are years and millions of bucks away from ever producing metal. I have never said that it will not happen just that, if it does, it is going to take time.
What is your guess as to the short interest in the stock at this time?
Maybe there will be news this week that gets the stock moving again but it really has NO real value until the company has something to sell (and at a profit), although the market does give intrinsic value for future development. I hope for the sake of those investors here, that the company is successful.
Docgno, Here's my post history in a nut shell. BRYN is a one man shell with a couple of parcels of land. Even if the land is loaded with gold it will take 3-5 years and millions of dollars before they ever produce a dime in earnings. That's not bashing that's the facts.
looks like someone put in a market order...jumped it up to .04 for a couple of trades.
Docgno, what bashing? Show me a post where I bash the stock? I simply tell it like it is.
Docgno, yes I bought 10K just for kicks. A mere $1700
Docgno, What??? Someone is loading up. What stock are you looking at, certainly not BRYN. Stock has traded less than 100,000 shares over the last 5 days. You call that loading up.
Bid .275 ask .2751... You've gotta be kidding. Pretty soon we will be trading in .00001's
Guess investors are looking for that monster PR????
savy1, CAVR is a pink sheet stock. Pinkies are not required to report. Since I don't know a lot about them maybe you can show me where to look for info that says MM's have to disclose inside or large investor sales. Thanks.
FireDog, Not exactly true. For instance HDSN shows 63K @.030. He could have orders for 10 million at .031 (he only has to show his BEST ask).
Not exactly the kind of reaction I was expecting. Not sure why the selling this morning but it surely is not related to them buying a building. Maybe investors were looking for something else in a PR??? It's a great opportunity to pick up cheap shares.
unionman4u, yes read all the PR's, read the Proxy statement, if you believe it all then there is hope..if you don't believe it, then you should not be in the stock. All penny stocks are a risk and should only be bought with risk capital meaning you can, and might, lose your entire investment. CAVR seems to have a lot going for it and appears to be less risky than most shell pennies but it's still risky.
maybe that's the deadline for paper ballots but I believe the deadline to vote on line is the day before, maybe even the day of the meeting.
Weisback...that you???? Only poster on these board that I know of that does not use Cap I.
Where did you get that info. I thought you could vote electronically right up to the date of the meeting???
Why before tomorrow?
From the Proxy statement. Say what????
Following the Spin-off, our stockholders will own shares of CVE and
continue to own shares of CAVU. CAVU will continue its existing business, including but excluding the drilling
services operations after completion of any outstanding placement or service orders received in the ordinary course
of business prior to the completion of the Spin-off.
euroxepouh, we keep it Fair and Balanced. LOL
euroxepouh, no one has any extra shares yet. First it has to be approved by the shareholders, then accepted by some MM's then approved for trading on an exchange. Lots of iffff's and the stock is back down to .029. Xp mode of opereation...start buying a little penny stock..accumulate some shares, promote it and buy that day at the market to drive it up...then slowly sell their position dropping the stocks back down. They may even short them down. Good thing is people are starting to realize what they are doing. There last promo is a bust.
What monster PR could we possibly get? BRYN is a one man shell with a couple of parcels of land. Even if the land is loaded with gold it will take 3-5 years and millions of dollars before they ever produce a dime in earnings.
Short interest as of Sept 1...35,000 shares
http://shortsqueeze.com/?symbol=bryn&submit=Short+Quote
Not only quite yesterday quite today as well. I guess it's the lull before the meeting.