Not rich yet
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Hey Smurfish one... you MUST be absolutely buzzed right now. I know you have a... um.. "significant" position in this... and just watching this almost unbelieveable skyrocketing movement makes it difficult to get ANYthing else done! Congratulations to you and everyone else who has been waiting for this to happen.
Even though I AM thrilled too... I will be keeping my eye on this... I've been in a stock before that did this... and eventually it went right down to nothing... so I will remain vigilant. For now... I think we all deserve to just enjoy the trip up.
Guess everyone is glued to their screens watching this amazing trading... So far OVER 1/2 Million shares traded in less than 1/2 hr. Any projections on volume and closing price? I'm guessing another 1.5 million shares... and close around $1.25
Egads.... premarket trading and...we already have another gap up today... And another 12 month high pre-market as well. Hang on to your pannies.... Another interesting day of trading is about to begin.
Do the math... how many shares sold? How many acquired?
Several thousand sold... how many million acquired?
Actually.. if you look at what you just posted.... he has acquired an ENORMOUS number of shares for nada. He has only sold... basically pocket change shares. The dilution bothers me a LOT more than him selling a few shares. Do the math!
We STILL have yet to see who Simco is.... and the terms of the financing. I think it will be VERY interesting to see who is behind it. Remeber those kazillion "consultant" shares... and just wait to see who profits from arranging such financing. And... ALL we have on Colorado is a letter of intent. With that and $2.50 you can get a cup of coffee...
I think Chad is capable of just about anything.
The sad part of this is... that I really do believe in the possibilities of this company. I love the idea of recycling... and owning the dump... being paid to take the tires, then making them into something really good... and making a huge profit on doing so. I just don't think management is honorable. I have spoken with Chad... on the phone about a year ago... and the size of this guy's ego is clearly larger than most zip codes. His association with the whole Sulija Bros thing clearly is bothersome... and the lack of REAL news even worse.
ALL that being said... wouldn't it be a hoot to actually see financing show up.... and this thing get up and fly? I mean... IF that were the case... the Chadmeister would actually make MORE money than on a scam. Go figure. Time will show us all what is real.
Clearly you make some good points. The reality of seeing the stock surge so far so fast does make one giddy. You can't argue with that... I mean.. this thing was trading at .35 just a little while ago. Don't you wish you'd loaded up at that point? I sure do.
So.. you are fighting an uphill battle trying to demand ceredibility to this issue... Unless and UNTIL it tanks. I just hope that If/when that happens... I've made it out the door... the magic door with my pockets full of cash! Gawd knows that Chad will.
I know that PP can rub a lot of people the wrong way on here, but he does bring up some good points. NOBODY has any sort of acceptable answer on this as of yet phantom financing deal. SHOW me the money.... And so far all we have is a Letter of Intent. Those mean very very little. NOTHING is a done deal until it IS done. I also don't like what I've seen with regard to what our contract with NSS is... $200 a ton???? When the spot market is twice that? Chad taking a boatload of shares for "consulting"...? Guys... this IS shaky. IF any REAL news comes along I will feel MUCH more comfortable with this. Right now... what I see is brilliant promotion... and I'm thrilled to see what my accounts look like... on paper. I was involved with a different fiasco of a stock in which it RACED from .45 to over $15 at one point. In fact there was ONE day... in which IF I'd sold... I would have made over $1 Million. Greed got the better of me... and in the long run... I lost it ALL.... so, you see I MUST be vigilant with this one. I can NOT afford to lose what I have left.
All that being said... I'll be thrashing around tonight... waiting to see what tomorrow's trading brings. I DO feel comfortable with having taken some money off the table for now. If we get close to around $2 a share... I'll probably sell some more. Bring it on!
well... I might be stoopud, just not THAT stoopud (right now).
I wish I could say that I am in the green, but... alas.... not for some time, yet. I still have 100k shares, and will hopefully be able to make a little profit at some point. What concerns me here is all the promotion with no real revenue producing news. This thing could fall apart in 2 seconds, so... if and until there is some news that makes me a LOT more comfortable... I will watch where this goes and trade accordingly. I must admit that today was a tremendous day for me too! Congrats to all who are in the money on this one... Gawwwd... I feel for Johnsomw..... That very easily could have been me. In fact... if any of you would be interested in watching this thing zip on up into the stratosphere... make me an offer on buying my remaining shares... since as SOON as I get out... it WILL go much higher!
Sold another 13k shares at 1.12 this time. Don't think the pump is over... just need to do some trading.
Just sold 18k shares for 1.10 This has been an amazing trading day. At SOME point the company MUST show actual revenues OR real orders or it will act like a cheap souffle!
Sliding sliding sliding.... sloping downwards... or haven't you noticed?
No kidding about the REAL news thing... Our so called BASE... is tilted AND resting on quicksand.
$200 a ton is absurd. AND that includes delivery? It doesn't take a rocket scientist to understand the nature of that contract. It was never meant to be fulfilled. It can't possibly be profitable to fulfill at that price. No wonder there aren't 3 shifts running... We'd lose money even faster. No wonder they are NRing local landscaping companies putting in orders...
Still... clearly there is something rotten in Denmark with this contract. Would any of you... who are so pro-magnum care to comment on THIS ONE THING?
It will CONTINUE to go down.. IF and UNTIL there is some REAL news. All the promo in the world can't KEEP this thing up with no beef.
MDOR ships 46,000lbs of buffings... SO WHAT? Let's "do the math" here.... 23 tons @ $400 a ton.... isn't even $10,000.00 And THIS is big news? Apparently now that new investors have had a chance to think about it... we're seeing more selling. Sheesh.
Oh come on... WHERE is some REAL news? The last 3 NRs have been NO news at all. This thing is gonna flop badly IF there isn't some REAL NEWS SOON.
So, here's a 36 million+ market cap company... and the BEST they can do in the last few weeks is to show a few big (OK.. REALLY big) tires being delivered and talk about the hint of a promise of buying a tire dump... (which as someone else pointed out... If we were getting the tires for free before.. WHAT is this for?)
This mamoth pump is costing SOMEONE a lot... A "consultant" paying for all the promo perhaps? Just a guess.
Think they'll get ANOTHER big tire in today? Maybe they'll have somone saying that they intend to write a letter saying that they intend to sell magnum a dump? Come on... we need some REAL news. The present pump WILL most certainly take a dump... if there isn't some serious news released and soon. Yesterday morning was the time to sell some shares... too bad I missed it. Coulda woulda shoulda. Have a limit order in to sell over 50k shares at .85 for the day... Wonder if that's a remote possibility today...
It's gonna take some REAL news to stop this stampede.... and yes, I bet we WILL break a million shares traded today.
Wow.. NICE bid of .67 Jumping ship.
Amazing how QUICKLY this has turned into a fire sale. Wondering where all those buyers came from... and how the buying became selling so FAST.
Looks like the "We got a big tire" NR didn't keep this rally... um excuse the pun... ROLLING.
Wow.. no kidding... down OVER .10 from yesterday's close in almost no time.
Wow... light has gotten a LOT closer and brighter for you! Looks like today has finally hit a slowdown after the last few stellar days. That $1 mark is going to be a huge test here. Wondering where all the new blood has come from and what their tolerance for unbridled enthusiasm is... before profit-taking pushes us back down a bit... or a lot.
Clearly we need some REAL and SOLID news to keep this moving upwards... or we're going to see this race on back down to much lower levels.
We got big tires ain't gonna cut it. Need to see revenue producing news...contracts or mergers/acquisitions of revenue generating entities... or we're in for a quick trip back down the ladder.
Nothing would surprise me any more... but I have to think that it's going to take actual revenues to achieve that.... Not... "we think we have a deal on a dump".... and... "we got a really really big tire in today" to make that happen. WHERE IS THE BEEF?
I believe those %1000+ claims were made when the sp was in the mid .30's... so... $3.50 or so should be more in line with their projections... and isn't entirely out of the question in my view. If tomorrow goes as I think it will... I think we'll see over %300 from when those projections were made...
So, yes... I think we'll see $1.00 tomorrow. Might see a lot of resistance to staying over that number for a while... but I think we'll see it happen.
Thanks for the response...
Ya gotta admit... that today's NR was NOT solid news. All it said is that in principal, they've worked out the stumbling blocks in a deal... and don't EVEN have a letter of intent. There are SO many stumbling blocks between now and getting a deal done. WHY come out with such premature information? I mean... I could tell you all that my wife agreed to have sex with me tonight... There's a lot of hazards between now and then!
I have to admit.... this was a VERY good day for me too. Even after averaging down from the Old yakpasture mining version of what I fondly refer to as "magic door"... (MDOR) I STILL need it to be over $2.43 just to get even. The last 3 trading days have been rather spectacular. Must be a lot of promotion going on that we have yet to know about... because the recent news releases ... really did NOT warrant this kind of move. IF we can get some REAL news... then I can see a push up over $2.
Right now... I'm thrilled to see the upward movement... Egads... a new 52 wk High today too...
If we pop over $1... I'd expect to see some significant profit taking. Comments?
Doh.. that was a sell.
Doing some mid day backsliding. Mighta spoke too soon about an .80+ close. Then again... end of day action can often push it back up.
ya gotta admit... that these guys DO come up with some interesting stuff...!
I mean... a pump with (buying) a dump? lol
Also looks like today's rally is taking a little backsliding... Ask at .77 now...
That darn timing thing... This would ONLY have gone up more if I'd sold my position!
So.... anyone wanna make short term predictions? I'm betting that we'll see $1.00 this week.
Today's close....??? I'm sayin' ..83
The trick here is the age old.... buy low sell high. Wish I could facilitate that strategy a little better!
Must be huge promo effort on.... to get such trading volume. News today is PRE-letter of intent... egads... not exactly a deal set in stone.
To those of you quoting that old $2.50 ish price target... that was done LONG before the huge dilution... which would put that target closer to $1.00 per share, which I DO see as being attainable in the near future.
I also would be surprised to NOT see the price fluctuate wildly again and again with this stock. Don't think we'll see the .30s again, but most likely the .50s... when this promo blast subsides IF there aren't any concrete contracts or COMPLETED purchases/mergers to announce.
I absolutely agree that there would have been dilution. I just find it incredibly distasteful to be told repeatedly that they were going to raise money with NO dilution... KNOWING that there would be HUGE dilution to so called "consultants".... There was NEVER any mention of that little bomb.
I further agree about the need for concrete SIGNIFICANT news in the very very near future or this will just be ANOTHER zip up.... and drift down back into a hole.
I would Love to find that you are right about the "several dollars per share" thing... but there ARE no facts to back that up. Perhaps you should lead by example and follow your own advice first.
Did you NOT notice all those "consultant shares"? What do you THINK they were for?
You're claiming that financing in 2008 is why the company's SP has gone up so much in one day? I think not.
Also... for arranging that financing the company had to cough up an ENORMOUS amount of shares.... worth MUCH more than the amount financed...
Now THAT is a scary piece... If accurate, it certainly makes me wonder.