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Wow, nice, so I'm looking at about 1/4 of what I actually paid for my BK shares lol
Nice, I'll take 39k + :)
I did an approx. of total gold of this new venture they are taking and I think it was like 175mil according to market value. This is before expenses. Does this sound correct? I don't want to give misleading info..Anyway, I figured, with the shares outstanding, this should equate to a pretty nice share price if my calculations are correct and overhead isn't terrible. This is with just one mine and does not factor in their debt (or is this what the shares represent)?
This is all IMO.
I'm just glad I didn't get my heart set on just this stock, up 5k on another play, the easy play everyone is in on. If that keeps plugging away and I lose out here, at least I made money regardless. BUT i would LOVE if i made out both ways. I have the majority in an IRA account which would be cool if this pans out even if it takes awhile, I can just sit back and watch it grow hopefully. I just really hope we don't get b$(%ed like everyone thinks, I personally think we will make something here, I feel like what was the point of everything if we get peanuts? IDK, just doesn't seem to make sense, we did have lawyers on our side agree to this plan right? Why would they stiff us (unless of course they had no other choice).
Agreed. Many have been burned this way, it is one thing to lose your own money, but family, is always really tough. This seems like a good safe stock and all, but one can never know.
I talked a friend in to investing in a stock, he only plopped 25$ down, really glad that was it. Stock is in limbo and the guy probably never filled out the proper paperwork anyway (havn't been keeping in touch). So, I guess what I am saying is, really glad it was only 25. I also told him, there was risk involved, I wasn't overly optimistic when I sold him on the stock.
THere aren't too many stocks this good to so many for so many days, unbelievable. I don't think the party is gonna stop, think it just got started and "We're riding the gravy train". After I take profits from this, I am going to try my hardest to find another stock just like this one and be patient about it. I realize this is gonna be hard on both fronts...perhaps I will just ride this thing up and only take shares out as need to pay bills :) Depending on restructuring, this very well could be a really good tech stock and lift up to higher levels than ever, of course, no guarantee with any stock, would be awesome tho.
yea, it is just that most stocks that come on the market are way overpriced before correction, that is what I meant (at least from my observations), I never actually witnessed a stock trade that was thrown on the market so maybe we couldn't unload them anyway.
OMG - I just found out my corrospondants were cancelled! I will flip!
Won't new co shares b high and we can just dump em b4 they get dumped / shorted?
Yeah, this board should not be like the rest of them ;0
Some people get frustrated for some reason. I love getting info from other people, some like giving it up. I don't get people that try to hold on to info or whine if you ask for it, weird...
I had another thought, the reorganized company is debt free or no? Many companies are in debt, but they are very strong companies and their share price is quite high in many instances, guess what I am saying with a company that has 45million plus in assets, if it is a company that plans on doing good things, in due time, could be a monster.
Oh damn, alright. Was there a way we could have purchased some of this debt? Too late now I'm sure.
WOnder what way up means? We could have a rally perhaps, especially at the new found confidence. I think a day like today indicates a bull (after a large downtrend), or am I wrong? Pennant flag or something... where are the chart guys at?
I'll listen but I can't PM - I also lost a bunch awhile back, hope I learned, time will tell.
I actually tottttttalllly agree with this, why else? for our own protection? Puuuuullllease!
Thanks, I'll hang tight and give them a call about fees.
working on that haha
What is the day trading deal about buying/selling in the same day without 25k in the bank? This is the one thing I always get tripped up on.
Nice, I might try that and see if i can get a reduced or free pro, I will tell them I used to get it free what gives?
I had etrade pro, was confusing. I need to get it back and get familiar but they charge...
10$ trades, they add up, I bet I paid hundreds this year already. That is a lot of stocks down yonder!
Wasn't planning on switching completely, just to have a cheaper option for transactions and to maybe use margin for trading if things pan out for me here.
I was thinking of opening up a scott trade. Anyone have a choice broker they like? I will keep my etrade too.
Nice, yeah, I wouldn't mind trying a little flipping myself. I hold about 26k, at most, I might try flipping 6k but I just hope I don't end up LOSING shares, I tried flipping before a little and lost shares lol
I had this wild idea that the stock might be hovering at the low point of its sideways trading. Perhaps we will hover around this level go higher and come down, settling between .24-.36. My logic is, it is a blue chip (if I have the proper term correct) and that many playing blue chips tend to play riskier stocks, right? So, my thinking is, the risk is low but the profits are kinda low buying much higher than a 1/3 or 1/4 of a dollar. Sure, it could go to 5 or more in time but many playing riskier stocks are not overly patient either. Now, this being said, the trend is up up up up down up up up down up up up and today's trading shows how strong this stock really is, a day like yesterday and today? Damn. If tomorrow this goes up, the sky is the limit here. Without news, I just wonder if it will keep on this upward trend but the sheer optimism of everyone wanting a dollar + might just be enough to make us all watch the train go up up and away with nothing but the potential and prospects of a company that once was nasdaq. Is this the only reason this is going up? Or is the DD truly that much superior to other plays down here that didn't pan out? I am hoping it is and this isn't JUST blind optimism. Loving this stock though and I don't plan on selling any of my major position for a long time.
I actually "think" we will but that is not based on anything but intuition and intuition without having information is one of my strengths but I am not always right and optimism can definitely get in the way.
I would but I didn't have enough powder and I don't flip stocks, especially ones like this for fear of missing the boat.
I might consider flipping a small position though, of course it would have to be a day I'm not at school and the goal would be to increase share count.
I would but Etrade won't let me. At least I didn't think soooo, would kick myself now if they did. I think that only applies to Nasdaq for me but maybe it was just pinks that I couldn't margin trade? Anyone know the answer?
Seems like things are trucking along nicely here. Question for you all, when will we get the newco? Also, has anyone else been having issues with their shares reflecting market value? I am using etrade and the mathematical conversion is not correct, it was but no longer is.
Your predictions might just be coming to fruition this AM :)
And seriously growing, I can't see how we can keep going down with this much interest.
Would be nice
Oh, the stress of trading day in day out, watching the ups and downs etc.
Wasn't anything personal :)
There is a reason most people leave trading to the brokers.
We need the Doctors knee jerk reaction on this one.
You know, considering how epic of a stock this is, I can definitely see someone wanting in at a nice comfortable level with some money, I am thinking things will be fine for us.
In my opinion of course.
Hope it is that easy haha. I am sticking with the "Shark Hypothesis", maybe it will be a theory tomorrow ;)
It looks as if they were small buys in the .xx range? I was thinking maybe a few brokers saw potential here back a few months ago before all the fuzz lately and called up some of their clients with the "riskier" trading portfolios. I know if a broker called me up and told me about a nasdaq down here with potential and was confident, I would listen.
Just a thought.
News in the AM would be sick, but probably won't get any, and I don't mean that crap I just got saying to secure your profits, makes me think of propaganda, perhaps that is a good sign? Thoughts?
PS. Did anyone look at a Max chart? This thing was trading at $$1000's at one point????!??! Just think, we keep thinking a dollar or two but it seems it was much higher than 5$ within the last 10 years.
Still here, showing support and love, waiting for dollars. Hope we don't go too too low because I will then be playing with scared money. I am now on the fence with my dreams but still optimistic. As long as we retrace without going too much lower, I am fine with today's trading, wish I could have played it better. I tend to think these sort of things are the result of large players (probably on this board) who feed the fire, let the fire grow then take profits. Since they have large quantities of $$, they can manipulate these babies and walk away with more money than I can if this thing ever hits $5. Anyway, good luck to all and I think and hope we are in the clear, maybe a sideways or red day or two ahead but I don't think it is unreasonable to think we start going back up if and only if confidence starts coming back. Today was a whack at the confidence of this stock, I just hope it comes back stronger and shakes it because, then, we will all know this thing is truly King Kong of penny plays.
Pretty much how I feel; those that put the hard work in, I hope they at least enjoyed it. I am just going by feel on this one, or at least I did but now, I have a pittance from my initial entry or I might have dipped out and got on the train somewhere else. At this point, i would rather risk a few hundred bucks here, knowing I might get null than to put it elsewhere, maybe double it if I'm lucky somewhere else and find out WAMUQ is in the money. I actually do think with time, WAMUQ might get a shot to be in the money from this low point we are at, of course, anyone watching C for the last few years knows banks can go down and have a hard time recovering to their once extreme levels, last I heard, they did a R/S 10/1 but the chart doesn't show this, so I don't know if charts factor in R/S and don't show them or what. Anyway, I just saw Lehman Bros. was down here with us now, not evening finding out about that one, I would rather try a different play, this bank stuff is not for me.