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tweety, no MM's are involved in setting prices on Pink sheet stocks. They are set by Electronic trading and are based on buy and sell orders that are entered via the investors using many internet trading platforms, or your broker if you do not trade on line. What you see are actual buy and sell orders. If there are no orders then there is a complex computer program that establishes the bid and ask based on recent trading. This is also why there are NO MM's short these stocks as some would have you believe on many of these boards trying to push an MM short squeeze. MM's are far to busy trading millions of shares of IBM, GOOG, AAPL etc. etc. to ever look at these penny stocks. To test this out put in a 5 or 10K order to buy at .0001 above NITE's bid of .0371 and your bid will go to the top. If you own the stock and want to sell put in a sell order .0001 below NITE's bid of .042 and your order will be shown at the top.
These stocks are manipulated by the penny stock newspapers and internet sites. They start buying the stock weeks before they recommend it, then on the day their recommendation comes out they start buying at market to drive the price up and sucker in the lemmings. Then, when they get the price up they begin to bail. After they sell all they have squired they drive the stock down further by shorting it. It's a vicious game and you better be on the right side of trading or you will get burned.
If you are looking for long term growth you better be in a stock that has assets, has current revenue and is growing (that is not just a shell with lots of PR's) such as CAVR.
pxguitar, After the spin off is approved and if picked up by MM and assigned a symbol it will show up in your account, you will not have to do anything.
velcro, I believe the spin off is the dividend unless you have read or heard that the new company CVE will be paying a cash dividend (or that CAVR will be paying a cash dividend).
Traderamn, You will hold your 20,000 shares of CAVR and will will have 400 shares of CVE the spin off company. CVE will not have a stock symbol until it is picked up by a Market Maker after the Spin Off.
CAVU Resources Inc. stock symbol is CAVR. If you own CAVR stock you will get 1 share of the Spin-Off company CAVU Energy
Services, Inc. (“CVE”) for every 40 shares of CAVR you own. The new company will not have a stock symbol or begin trading until it is picked up by a Market Maker.
Dirtbiker, CVE will be the new company. After the spin off it will have to be picked up by an MM to begin trading. A stock symbol will be given the company at that time. The stock symblo CVE is Cenovus Energy Inc Common Stock (NYSE: CVE )
johnsyn, if someone holds 121 shares of CAVU they would get 4 shares of CVE. Don't know where you got 31 from.
Kgem, since there are 177 millions shares of CAVR now I would hope it's not 40:1 for the new company. If it is a ratio it is most likely 1 share of the new stock for every 40 shares of CAVR. That's my guess, otherwise there will be 7 billion shares of the new company stock.
dirkie, As I said the .033's are not over yet.
BRYN is a good bye!
Here's the next leg for ya... .145
Wrong again!
Dream on, the pump is over now comes the dump.
http://finance.yahoo.com/q/bc?s=BRYN.PK&t=3m&l=on&z=l&q=l&c=
dirkie, UBSS still has bid of .033 for 150,000 shares. Not sure .033s are gone just yet especially with this market and all the margin calls coming in this afternoon. Also not sure what $80 per barrel oil does to CAVR's bottom line. Would be nice to know what the companies break even point is re price of oil.
Gold 1708.60
Amigo,not all that hard to come up trend for HEPI:
http://finance.yahoo.com/q/bc?s=HEPI.OB+Basic+Chart&t=1y
crynik, you really think TA means anything on a pink sheet penny stock? TA means next to nothing on a big board stock never mind a penny. What it tells you is where the stock has been and shows statistical trends and averages, does not tell you where the stock is going. The rise or fall of a stock depends on many things that TA does not take into account...market conditions, earnings, buyouts, news etc. etc. If TA worked all those who us it would be billionaires. The only way TA works is when, on any particular stock that has a lot of investors who actually believe in the hocus pocus, watch the stock, and, when the buy or sell signals appear, they buy or sell. Then they all say "see TA works". For any stock populated by many TA believers TA is a self fulfilling prophecy.
It's a joke at best on well established stocks (other than those as I indicated above), it's total nonsense on otc pinkies. And on the DOW no TA predicted a 500 point drop on Thursday nor a 400 point swing on Friday. In fact the trend on Wed was up:
http://finance.yahoo.com/q/bc?s=^DJI+Basic+Chart&t=5d
BRYN, and just about all penny stocks are at the mercy of a few investors who, with a few hundred K, can take the stock anywhere they please. For the sake of those invested here I hope the strategy of these controlling investors is to take it up, because, if they continue to dump, then you will see .08 and it will have nothing to do with 50 day ma. All JMO of course.
Amigo instead of moving up towards .25 it's moving down towards .05. I would double up at .05.
If you bought on July 20th, the day before Xtremepicks started their pump .15 would be a 4 bagger.
We had a heat index of 120 yesterday. Don't even want to venture outside. Much better today. Terrible market today but not much selling in the pennies.
Oil got clobbered, now down to $85.35 per barrel. Gasoline futures down to $2.75 gallon. If prices at the pump follow it could help the economy a little.
todaybrian, also see you have abandon this board now that your company Xtremepicks has dumped your stock.
Guess everyone is on vacation.
Thanks to johnsyn for listening in and reporting back to the board. As you say we get enough spam from the internet already without giving our email out to another site. There is certainly no stock action today...maybe that's because no one else tuned in either.
Looks like no follow through yet...even a silly trade down at .15
johnsyn, the real point is Billy knew everything he talked about in the interview before he announced the original date. Why then did he schedule an Aug meeting? Changing the date, and for the reasons given, shows serious lack of planning. Let's hope he is better at running the company than planning for an annual meeting.
Yes if you are talking about those who still trade using a broker. I don't know anyone who uses a broker any more. All the investors I know trade on line.
Ya I agree MM nonsense. So why is asking how it tastes the wrong question? I was just wondering if there is that hint of swamp water in the KX or does it just tape like filtered tap water (like my last shipment).
johnsyn, MM's have nothing to do with buys/sells in these penny stocks...all done by computer. Millions of orders can be processed in seconds.
Chit, from their web site...Recently approved 50,000 barrel a day commercial disposal well in Garvin County, OK That would be 1.5 hours north of Dallas if that's what he's talking about.
selling, seems no one is happy about the delay in the meeting or the reasons for it.
Would be nice if CAVU asked Kodiak Capital Group, LLC if they could use some of the $10 million dollar funding commitment to buy back 10 or 15 million shares of it's common stock at these stated "bargain basement" prices. That would get the stock moving again.
Hi Amigo. 200 shares at .06??? You believe in MM signals?
Default MM SIGNALS!!!!
If you see buys of:
100 > I need shares
200 > I need shares badly but dont take it down to get em
300 > Take the price down to get shares....
400 > Trade it sideways based on Supply and Demand
500 > Gap one way or the other, usually to the direction
of the 500 trade. Sometimes -if in the middle -keep the price right where it is
911 > News incoming
Amigo, how's the taste.
That's better. Probably want to put a date on things like that that you post.
Chit, statement is a little confusing? "We are trying to complete the financials by the end of the quarter to coincide with notification to FINRA." End of 2nd Qtr was June 30th, end of 3rd Qtr will be Sept 30 two weeks after the Annual meeting???.. wonder what Qtr is he talking about?
pxquitar, why would you pay .037 to .040 when there is stock available at .033-.034. CAVR will move up when investors are no longer willing to sell in the lower .03 range or when demand picks up.
savy1, I think someone is nuts to short a penny stock unless your intent is to drive them out of business. HDSN is on the stock and he has a bad reputation.
Care to give any specifics?
2ndEldest, Market is more than likely not happy with the change in date when only 3 weeks away.
You bring nothing to any board you post on..You are a loser.