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You had to expect profit taking at the end of the week.Monday looks like a good entry.
Video of FriskerPro.My apologies if its already been posted.
This is going to get very exciting.
How high will this baby go ?
Not much of a flip as we started at .0015 and made a high of .0017 Before the volume came in.Anyway we have more volume coming in and price is back to .0015 .
Whats the float ?
Stock is back in the green now.
Big buys going through. Volume picking up.
How high will this go ?
14m volume so far.
Really not much to do until a merger starts.
Well the stock finished very strong for a change with a 50% increase to .018.The question is will it continue a run next week or will it drop again ?
This stock will take off soon enough.As I have said before Keating is out to make money and right now he has at least $600,000 tied up in this.To see a return he has to finalize a r/m.This will happen.
Patience.
why do you think they will find a company for this shell?
Shells cost money and Keating is all about making it. My guess is that they wouldnt buy the shells unless they have a company ready to merge them with.Keating gets hundreds of companies requesting their help in arranging r/m. They are very selective about who they work with. I would expect to see something by the end of the month.
Alot more volume today compared to yesterday.PPS is down but I think we will be seeing a pr by the end of the month,if not sooner.
When a company is announced then I think this will fly. Keating seems to look for companies that have around $80m in sales.
PPS is now .55 a very good sign.
I agree that this is a generic document.It cost Keating money to buy this shell they will want to recoup their investment ASAP.The only thing that worried me was the drop in share price from .46 to .16 but I suppose that will reverse itself in the days ahead.
This is posted on NEWC web site.
"Important notice: New Century Mortgage Corporation and Home123 Corporation are unable to continue the origination or funding of mortgage loans, and no new loans are being accepted. We are committed to helping borrowers who have been affected by this. We are in the process of contacting customers and brokers to inform them that we're returning their loan applications, and to assist them in obtaining funding for pending loans."
A PR would be nice so that we have an idea what is going to happen.
This stock started to move last week then stopped. Will it see .01 ?
What will it take to get this stock moving into the green again ?
Keating probably has a chinese company lined up for this shell.
Interesting, the ask is $1.01 and the bid is .25 ?
Unfortunately I bought into this stock Monday at its high of .04.
Between the drop in share price and r/s it will take a pps of .80 for me to break even. Based on the pps of other Keating r/m I suspect that at a minimum I should be able to break even and best case would see this stock at $2 a share or better.
So how long will it take for our shares to reflect the name change ? In the past I have seen delays of 1-2 days before being able to trade the new shares.
This is just an FYI.If New Century shuts down it will be very sudden, which has been the case in previous failure of large/mid size lenders.Keep in mind that New Century sells most of the loans they generate.
http://www.nysun.com/article/50345
The real question is how far it will drop ? This will be a sub penny stock by May if not sooner.
As someone who is a mortgage broker I can tell you that New Century is dead in the water and will not recover.This isnt new about 9 years ago several big firms went bankrupt.All these loans are secured by property so on foreclosure whoever buys these loans will make money.
I have seen a pattern of companies going bankrupt and the same players just start a new company, if they a fortune they can kick back on a beach someplace.The securitization of mortage loans is responsible for mortgage abuses.I worked for a company that did 400 loans a month using whats called a warehouse line.At some point they couldnt keep up the loan volume and they declared bankruptcy and a month later were in business using a new name.I decided to do my own thing rather than work for another firm.At least I can look at myself in the mirror.
No need to get personal guys.
What does that mean they have no shares ?
I was able to get 100,000 shares this morning.
From what I can tell the 07 Urban Music Awards is in August. The last one was in December.
http://www.myspace.com/biglouthespanishfrankwhite
Whats happening with this stock ?
104,000 volume
.019 bid and .025 ask
Volume looking good today.
Strange trading day. Over 80m in volume and it held steady at .001 after falling early. If it was going to tank it would have. The A/S is not as important to me as the float.If the float hasnt changed we are good. I agree there may be a buyout or positive PR pending. To me the best shareholder value is their artists. If they take off so will the stock. This is unlike the usual pink where you wonder if they are legit or not.
I have decided to hold this baby and see what happens. We are at the bottom. The company has value unlike a Raven Moon.
56.5m in volume we are getting close.
Almost 52m in volume. I think if we get to 60m this thing will run.
Looks like a shake to me.