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2 things quick here, 1 scottrade still shows 4.3 billion O/S, thats what I want to watch. We get that number right from the exchange system, so as long as that stays the same (or lower) the A/s is like a fairytale.
We needed that correction yesturday, we are doing well today, things are still looking good IMO GTC .10!!!
watch the mirrored trades, lets roll!
Actually that makes a ton of sense, at .0008 the market cap is still 3.6 million or whatever, because authorized has nothing to so, its only the outstanding that matter, but if a few major holders got together to ruin everything they could issue the new 5 billion shares, or gift them to execs and save themselves. If it is true, there is no difference in the company as we see it (there is no change in share structure as far as float and O/s are concerned) and they have a back-up plan.
This may be it, or it may not, but that is some smart thinking, good work my friend.
ok, some of this stuff is getting out of hand.
1)restricted or not.. they are Authorized, not issued, there is a difference, read a series 7 book, or better yet, get the definitions from investopedia.com
2)at this stage in the game we are investing for assets, and an idea more or less, the forex idea. The site is operational as promised, once things pick up, we will be investing in earning potential, so if the shares are then issued but leveraged to growing the business it wont matter.
3) I am 19 and have been trading for only a few years, it doesnt take a rocket scientist to know that a correction was needed, all financial instruments make moves but revert to the mean, we never had a day where we were up 100%+, but we were up over 700% since last week, couple the overbought signals on the RSI, and the rumor of major dilution, there was a ton of panic selling.
4) look at the CMF, it did decline, but more in conjuction with the decrease in RSI, leading me to think there was panic selling, the MM's may have eaten some shares, if those new shares were being issued, we would have seen a worse effect on the CMF, I have been here for many months, and saw the dilution, the chart would tell you that new shares were being issued.
Like many people stated, they have produced everything they promised, they are not liars here. Things are going well, and this share structure (which isnt even that bad) can be modified once they start making money, it wont be a problem. What if they used the shares to acquire a forex broker/dealer with $500 million in cash, they could buy back stock, plus they have new revenue potential, there are a lot of what ifs, but at this point, thinks look pretty good....
Best of luck
My only regret is I am a broke college student and cannot buy more. There a lot of people that cannot take the heat, we are up massively the past 4 days, we have a correction and people panic? You should need a license to trade, like driving a car. I dont want to bash people, Im not that way, but some people kill people with cars, some people are making things worse for themselves here...
Some of us have been around before to see dilution, and we did not move, we have come a long way in a short time, given the past (and the beautiful CMF) I would like to think dilution did not occur.
They are shakin this pretty good, hold on to your seats, though as some stated, we are due for a correction.
My thoughts on the nevada filing.
We are still legally Cash now, this may be the filing with the state in prep for the name change, they may issue the same amount of shares as espirit, and then swap. Or maybe this is the amount of o/s in cash now, and they are filing to have it trade at Espirit.... I just think people are jumping to conclusions, but to each their own...
No problem buddy, we are all learning. I am no chartist either, but I pick a few indicators I like, and learn what I can about them, how they are calculated and then apply them.
I'll be happy to answer any questions if I can.
Good luck all, good night, and lets keep a chuggin!
look at the chart man, there is a huge spike in the CMF (chaiken money flow www.stockcharts.com for explanations) That means the money was flowing into the stock, in times of dilution this goes down, because as shares are bought they are being printed so the cash flow net is negative, as long as that stays in the green, the shares are being accumulated. Now if the MM's are selling shares that dont exist, that is another problem that could build a wall. I think the true culprit is people selling that bought in the .000 range and are satisfied locking in a few 100% return.
At least we churned and maintained a higher pps, this day and others like it, could be just what we need to refrain from retracing to lower levels as people sell. if people buy and sell at the ask, we can empty and reload the train and move to the next stop.
Good luck to you!
I have a calc exam, but will be around in the a.m. hopefully things go really well tomorrow. I would like to see .003++ by weeks end. also .05-.10 by the end of the month, my b-day :)
oh, in case anyone needed a reminder http://www.rallymonkey.com/oldvideo.php
still Afterhours trades coming through, anyone see what prices? they are just trickling in...
take a look at the CMF today, this chart is amazing. I hope the news is good, and people are impressed with the forex beta.
lots of trades came in out of sequence today, I bet we see some after hours trade posting...
hmmmm a million just went through above the ask at .0014... haha
good luck getting filled at that, dont take it personally if I hope you don't. :)
no no, buy at the ask... sell at the bid, unless you get lucky to sell at the ask :) you could try to buy at the bid, but you stand a worse chance of getting filled.
lots of sells the past few minutes, yuck... patience people, its been what 3 days???? try being here 6 months, the party is just starting!
we have hit it. If there is enough buying we can do it again. Looks like most activity happening at the lower half of the spectrum...
slap the ask, while it is below .0015, you may not get another chance...
lots of bid and below ask activity. Lets take it out goooo!
hopefully its stock already bought back, not new issued stock... no more dilution please!!!!
Hey guys, just checking in... amazing action lately. Things are shaping up nicely. I am only down like 50% haha... oh well, if everyone sets their sell limits at .10 it wont matter, we will all be happy. I wont be a millionaire, but compared to the rest of the university, I'll be a donald trump haha (with better hair i think...)
Anyways congrats all, lets keep it up!
mirror mirror on the time and sales, are you forshadowing a breakout run?
lmfao, hahaah thats great.
.0007 x.0008 now!
205 boardmarks woooo. All we need is .05 or more this week. Lets doit doit doit.
you're my hero.
We will never get past the .0007's if you guys are all trying to get lucky on the .0005's!!!!!
CHNW: Ask pretty thin, looks like most flippers have sold, volume is slowing, get in at .0007 for the break of .001, once the FOREX, Cusip change, and the announcement of the final share buyback number, and things are off to the races.
Finally L2 working at allstocks.com.
Looks pretty good, lets eat the .0007s looks like the selling is slowing down flippers almost out, lets get the next leg!
I hope we break .001 before news, that would be amazing...
too much red on T & S no patience these days.... We are moving on no news and people are selling their shares...
lots and lots of 100k share lots...
anyone have L2 line-up? allstocks isnt accurate.
I love CHNW too, but I am not sure how I feel about those in at .0002!!!!! haha. I am in at .0022, but it fell fast after that so what are ya gonna do, we will all be happy around .05-.10!!!
Lets keep on the ask my friends!
We hit .0008!!!!
lets say the HIGHER, speed isnt a big issue, it will happen, lets just hold until our noses bleed.
Limits @ .10!!!!!
oh man, if this holds, its great. I am actually pretty bummed because I just paid over $900 to get the headlight fixed in my cadillac. I was hoping not to have to fix anything as I wanted to trade my 2001 STS in for a 2007 DTS. But that wont happen until .05 or higher.... so lets go!
looks like small trades keep ticking us up to .0006, dont be shy, slap that ask!!!!
if we close above the 50 day, we are golden, 50% a day for the next month is what we need. I am not too greedy.