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This is an OUTSTANDING POST with great advice. I wish you were around to give me this advice 4 years ago when I started trading. Maybe my pockets wouldn't be so like today. LOL
Do we know for sure that there is news Monday or are you speculating?
yeah, we all are happy you were.
That's great.
Can somebody tell me where we opened up on Monday at?
For now. It will be back. I guess really there isn't much to say. It is what it is. We'll be back.
Didn't somebody say that they tried their Verizon phone and it was up and running or did I misread the post?
Guess you were wrong
Correct me if I'm wrong but if they are buying at the ask then it should move us up.
I would think that after the ambassador launch there would certainly be a pr. Of course I'm basing this on my own logic. So for whatever it's worth......
I'm not trying to post about another stock on here but rest assure that people are selling and chasing that stock that begins and ends in G. It's the only reason to sell OWVI where it now stands. They will all be back soon.
LOL...That's funny. I like your honesty
I'm willing to bet that the people on this board get the point and don't wack. The problem is that most people that have shares are not on this board. So you can say it until you turn blue in the face but......
This is a great post to sticky posted to the top of the board.
I totally agree that beyond .05 is possible but it's hard to believe that I can be so bless to see beyond that. I sure hope that 05 is a low guess
and a good retirement for me
I think some may selling to buy into something else. Thinking that after a quick flip somewhere else they can come back to this. The reason that I say this is because 2 of my friends have done exactly that. They have sold with the intentions on getting back in at this level. Hopefully they are wrong and this takes off before they can buy back in. But the truth is they may have a strategy that is going to work.
Orbit for me is .05. Anything else is beyond orbit
Orbit...How high is orbit
Hey jrozer, i just did the same thing from my Sprint phone and got the same message that you did
Yes, it's done and over. you apologized (which shows great character), we accept and now on to the topic of GOIG
What is the link for GOIG on Facebook
Are you talking about the e-mail from Steve or the news at 9:30?
May God bless you. Just goes to show us that money can't buy everything. We have to keep it all in perspective.
NEWS FROM YAHOOFINANCE:
SEC puts new curbs on short-selling
SEC adopts new 'circuit breaker' curbs on short-selling in bid to buttress market stability
Buzz up! 0 Print..Marcy Gordon, AP Business Writer, On Wednesday February 24, 2010, 12:16 pm
WASHINGTON (AP) -- Federal regulators on Wednesday imposed new curbs on the practice of short-selling, hoping to prevent spiraling sales sprees in a stock that can stoke market turmoil.
The Securities and Exchange Commission, divided along party lines, voted 3-2 at a public meeting to adopt new rules.
The rules put in a so-called circuit breaker for stock prices, restricting for the rest of a trading session and the next one any short-selling of a stock that has dropped 10 percent or more.
Short-sellers bet against a stock, in a practice that is legal and widely used on Wall Street. They borrow a company's shares, sell them and then buy them when the stock falls and return them to the lender -- pocketing the difference in price.
The SEC move followed months of wrestling with the controversial issue. The SEC asked for public comment last April on several alternative approaches to restraining short-selling, and a bipartisan group of senators have been pushing the agency to act or face legislation.
The agency got more than 4,300 comments on the issue.
Investor confidence was shaken as the market plunged amid the financial crisis in the fall of 2008, and proponents of restoring restraints said they were needed to prevent abusive trading. They maintained that the absence of restraints fanned market volatility, prompting hedge funds and other aggressive investors to target weak companies with an avalanche of short-selling.
But opponents said new restrictions could eliminate the benefits of short-selling -- bringing capital into the markets and accurate stock prices to the surface -- and actually hurt investor confidence.
Under the new rule, once a "circuit breaker" has been triggered, short-selling in the affected stock will be permitted only if the price is above the current highest bid for the stock. That restriction would apply for the rest of the trading session and the next day's session.
The SEC said the rule strikes a balance between two objectives: preventing short sellers from driving the price of a gutted stock even lower and preserving the benefits to investors from legitimate short-selling, such as pumping cash into the market. The balance comes, the agency said, because the "circuit breaker" restrictions are temporary and are applied to a specific trading session, in contrast to other alternatives that would institute permanent constraints.
"The reason this rule makes sense is because it recognizes that short-selling can potentially have both a beneficial and a harmful impact on the market -- depending on the circumstances," SEC Chairman Mary Schapiro said before the vote.
Schapiro said it is important for the SEC and the markets "to have in place a measure that creates certainty about how trading restrictions will operate during periods of stress and volatility."
But the two Republican commissioners, Kathleen Casey and Troy Paredes, disputed that the curbs would bolster investor confidence and said they could hurt the market's efficiency.
Casey said she was "deeply concerned" that the action seemed to be guided more by "public relations" than evidence of the benefit of the rules. It could "undermine our credibility in the long run," she said.
In July 2007, when the stock market was near its peak, the SEC abolished a 70-year-old uptick rule, put in during the Depression that followed the 1929 market crash that allowed short-sellers to come in only at a price above the highest current bid for the stock.
Last July, the SEC made permanent an emergency rule enacted at the height of the fall 2008 tumult that targets so-called "naked" short-selling -- when sellers don't even borrow the shares before selling them, and look to cover positions after the sale.
That rule includes a requirement that brokers must promptly buy or borrow securities to deliver on a short sale.
Brokers acting for short-sellers must find a party believed to be able to deliver the shares within three days after the short-sale trade. If the shares aren't delivered within that time, there is deemed to be a "failure to deliver." Brokers can be subject to penalties if the failure to deliver isn't resolved by the start of trading on the following day.
OTCBB Excluded from New Shorts rule:
Proposed Market-Wide, Permanent Restrictions
The SEC proposed two rules that would apply at all times to all short sales of any stock listed on a national securities exchange, whether traded in the over-the counter market or on an exchange, but excluding bulleting board and pink sheet securities and options (“Covered Securities”). The first, the “uptick rule,” would restrict short sales based on the last sale price of a Covered Security, and the second, the “modified uptick rule,” would restrict short sales based on the national best bid (the highest quoted price that any prospective purchaser will pay for a security) for a Covered Security.This was from 5/1/2009. They didnt say that they were going to remove the exclusion from the new rule. they just finnaly passed the idea.. well 3-2
Thanks for this info. If you don't mind I'm going to copy and paste and show on another board
Hey guys, hope all is well with the 1worlder's. Apparently there was a meeting this morning with the SEC and this is the results:
SEC votes 3-2 for short-sale curbStory
Comments Screener (28) Alert Email Print ShareBy Kate Gibson NEW YORK (MarketWatch) -- A divided U.S. Securities and Exchange Commission on Wednesday voted to temporarily limit short sales after a yearlong debate on the contentious issue. The SEC's five commissioners voted 3-to-2 to curb short sales of a stock after it falls 10% in one day. "It is a rule that is designed to preserve investor confidence and promote market efficiency," said SEC Chairman Mary Schapiro, who backed the proposal. The SEC in early April approved the release of five differing proposals for reinstating the uptick rule, removed in 2007 after 70 years, which was designed to prevent short sellers from dominating trading in a stock to drive its price down.
If any is missing from this list please let me know. I'll update it and whenever a newbie ask or need to know I'll share the new list.
Here are a few others that may help you.
ASK - Current price that a stock can be bought for.
BAGGER - The amount of times a person has multiplied their stock from their purchase price.
BEAR - Person who thinks the market will go down.
BID - Current price that a broker will pay for a stock.
BULL - Person who thinks the market will go up.
BUY STOP ORDER - Investors typically use a stop order when buying stock to limit a loss or protect a profit on short sales. The order is entered at a stop price that is always above the current market price.
DD - Due Diligence (Research about a stock)
DUMP - Selling of a stock. (Usually in tandem with "Pumping", "Pump and Dump")
DYODD - Do Your Own Due Diligence
EOD - End Of Day
EOM - End Of Month or End Of Message
FS (F/S) - Forward Split
GAP/GAPPER/GAPPING - A stock that will open up higher than it's previous close, before the market opens.
HOD - High Of the Day
IMHO - In My Honest Opinion (In My Humble Opinion)
IMO - In My Opinion
IPO - Initial Public Offering
LIMIT ORDER - An order to buy or sell a security at a specific price.
MARKET ORDER - A market order is an order to buy or sell a stock at the current market price.
MM - Market Maker (The actual people who handle the trades)
MOMO - Momentum (Many buyers who are interested in the stock)
OTCBB - Over The Counter Bulletin Board
PUMP - Someone who "artificially" promotes a stock.
RS (R/S) - Reverse Split
SELL STOP ORDER - A sell stop order helps investors to avoid further losses or to protect a profit that exists if a stock price continues to drop. A stop order to sell is always placed below the current market price.
SPREAD - The price difference between the BID and ASK price.
STOP ORDER - An order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the specified price is reached, your stop order becomes a market order.
T/A - Transfer Agent (People who keep track of the individuals and entities that own their stocks and bonds.)
also, you will see imho a lot. Means "in my humble opinion"
imo=in my opinion
I don't think that is what he was saying.
Rewind2grace,
God bless you.
Trust in the Lord with all your heart. Lean not to your own understanding. In all your ways acknowledge Him and He will direct your path.
Thank you. I believe that all of us that have placed our hard earned money in this company will be rewarded. What I don't know is when or how long. Everybody on here is free to post whatever they want and I can respect that. I just get a little tired or reading baseless predictions. And trust me, it the same on all boards, not just this one.
That is great reading. Very interesting. Thank you. Do you mind it being shared on other boards.
I have been watching this board for quite some time now. To see if anybody here is posting any good, real information about what is going on. Unfortunately, and i am not directing this toward you, most of the posting are non informational. People talking about when this is going to take off, today this, tomorrow that and the fact is most is just hope and not facts.
However, there are many who have good insight on the company and great posts. I have several million shares invested in this so I check every source I possible can.
You would think that Farley would have the decency to let investors know something. What's going on with the company. sales, court case, etc. I've been watching this for over or close to a year now. At first this appeared to be a good legit company. But now, the fact that Mr. Farley can't even communicate to the people that are or may be spending their hard earned money, that say a lot about his character and priority.
And you are basing that good chance on what?
MrDD, you are absolutely correct about buying at the ASK but you are speaking as if everybody buying and sell GOIG is on this board. There are probably 3x as many people buying than who are on this board. Most who buy at the BID probably doesn't know any better. I remember when I first started buying I would buy at the BID and had no clue that I was holding down the pps. Heck, I didn't get on a board until I was trading for 2 years.