Follow me on Twitter @madaznfootballr and Profit.ly www.profit.ly/users/madaz
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BMAK got whacked watch out.
Out at .215
Holding about 20K shares of PWEI at .19 for kicks.
Exactly, new sheep are born and slaughtered everyday.
They're doing single digit stocks now? Yikes...that's pretty D-List style. Watching from the sidelines only.
Wasn't really paying attention to this as I posted before. My main focus is options where I've been averaging an 80% win rate over the past 2 weeks.
LOL I had 1,166 shares that I couldn't fill from 1.50 all the way to 1.30. 30 minutes to fill.
RARS was the start of it, GWBU was the one that killed it. The last truly epic penny stock play was SNPK.
Yup done with all penny stocks for good. See ya in options land.
Filled some at 1.54 and 1.60 holding about 4000 shares at 1.64 average.
Still holding onto my position. Let's see this bitch hit 3.00
Eh overall I'll play this one out with my small position, barring any bullshit like "new management" or "short attack" claims, I do see this hitting 2.50-3.00.
Speaking from just personal experience, SEFE was a much easier fill for me. I went in with a very large position on SEFE and felt a lot more confident because I knew I'd be able to get rid of it should things go sour.
Yeah I agree that SMA is less likely to screw their members, but with the way things are going I wouldn't be surprised. The fact of the matter is the liquidity in the OTC markets is so shitty. When I was consistently making bank on pumps, I never had fill issues buying or selling. With the way things are I'm not confident throwing down big money anymore. Frankly, SANP on the first day is trading like SNPK on the 20th day.
Did people think APS was ever gonna flop when VLNX came out? Did people think that TBX was gonna flop when VKMD came out?
Took 2,500 shares at 1.68 for gap on Monday. Small position, not gonna break the bank if it busts an APS/TBX. Didn't want to be shitting bricks with the 100K share positions any more on these POS. LOL. Good luck to all. $SANP
No I mean the "claimed" Alert price for $SANP is .90 just like how the "claimed" alert price for NSRS was .07
Stop trying to play penny stocks and trade real stocks? LOL
Probably not, but just gotta be smart about this. The chances of this going to 2.00 vs tanking below 1.00 are probably the same at this point. Risk vs Reward...Not to mention all the emails are out and the price is going no where with some small prints vs consistent large blocks like old APS.
No fill. IMpossible fill, if this dumps I have no chance of getting out...
Just so you guys know, the alert was at .90.
Penny Market is dead guys...BDPS dead, APS dead, TBX Dead, SMA on its way to being dead with this shitty liquidity...oh well it was a nice run, time for options!
Put in order well before emails came out too when the ask was like 1.36 LOL. No fill...not to mention it takes an eternity to cancel.
Impossible fill on most brokers.
Obvious fakes, if you go to message source, you will see that the emails came from AwesomePennyGains. Also notice that typically Victory Mark emails usually allow you to view the email as a webpage. The fake doesn't have that option.
Yeah but to be honest you don't know that for a fact. It's like assuming that APS will bring GWBU past $2 or SNPK to $9 LOL. I just feel biotechs are a lot riskier than what people assume them to be. They just look at the daily chart and assume its an easy gain.
Actually, there is a similar risk on biotechs...there's random institution dumps which you can't get out of with a stop loss or even if you were glued to the screen. I saw this personally on ARNA and VVUS. ARNA went from 11.70 to 8 in 5 seconds and VVUS dropped in from the high 20s to 20 even in a similar short period of time. I was in the ARNA dump and was down -4,000$ in 5 seconds, it bounced back but settled around 9-10 and still would have been down. It eventually went back to 13 on the FDA approval but that was a gamble at that point which could have went either way. Either way, don't get too complacent about biotechs and think that they are "easy" or "automatic", they are not.
Yikes...umm...I stepped away for awhile today and totally didn't expect everyone to just leave after I announced my extended leave of absence, but with the core of the mod team gone, I don't feel like there's any reason for me to be here. I'm officially resigning from my assistant mod position. It was a pleasure trading along side all of you and best of luck in the future.
Again you can follow me on twitter @madaznfootballr or PM me on iHub.
Regards,
madaz
All good...it wasn't a death blow...just a sign of the end of days in the OTC world that's all =)
Got out yesterday for a substantial loss. Quitting penny stocks, trading only Big Boards now.
Thanks bro. I will be back. Just need some time away from the game. Good luck to all. =)
Taking an extended breather...
Guys in light of all the bullshit that has been going on and with Ken leaving. I've decided to take an extended leave of absence to get away from this nonsense. Took a sizable hit yesterday on VKMD and that was the last straw. Never would have thought that an all out dump would occur on the first day [with no bounce to really play either].
I've decided to pretty much quit trading OTCs, due to the risk reward just not being there anymore, and focus on longer term plays such as monthly options, futures, forex and any penny stock urges will be satisfied by trading MicroCap NASDAQs.
Feel free to PM me if you have any questions or follow me on twitter @madaznfootballr.
Regards,
madaz
TBX is the new APS style play...at least they are trying to do that lol...still in... .30s EOD watch!
In VKMD 100,000 shares fills at .19-.21
In VKMD 100,000 shares from .19-.21 fills
Yup exactly why I NEVER would recommend using stop orders. They turn into Market orders once the stop limit is hit...Anyone who tried a stop order today on PRTN especially with Etrade probably lost an extra 20-30% vs. using a regular limit order.
Oh yeah...those paper trading peeps who think they're ready for the real deal have no idea what's going to hit them...
Yes! They should have a choose your Broker feature complete with No fills, non-DTC lockouts, and platform crashes for an extra realistic trading experience =D
Awesome I just made it to 65K before the thing glitched on me and reset. But yes most of them were shorts. LOL.
On a more serious note, this game really illustrates very well how bagholding usually doesn't work out...