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This is normal and not alarming. Hold your ground people. I'm getting that warm fuzzy feeling again.
Those 4 millions shares 30% of days volume that were dumped just after 1300 don't bother any you guys? It took the price down pretty hard. Another one of those could really knock this on its azz
Pedro2004 thats the difference you were a bagholder in CMKX and lost. I made good money on CMKX. That fact that you are still here on this board how many years later? like a decade tells me you are probably bitter bagholder that can't let go of the past. So it's comes as no surprise you can's see how this very very simple trade on CMKX worked.
I'll recap it in very simple terms that even the dullest of bagholders like your self can try to understand
1. Put buy order for CMKX at .0001 on the bid.
2. Order is filled price is .0001
3. Stock splits price stays at .0001
4. Account is up 100% because twice as many shares now.
5. No rush to sell bid will never go below .0001
6. Wait patiently for stock to run with target of .0010
7. Stock runs to .0011 sell all shares on the bid
I won't explain this again so pay attention. If you don't get it well you'll most likely be here in another 10 years
For the really thick headed lets review the confusing parts
2. Order is filled. If you were selling shares of crap like CMKX that you didn't really own and knew were eventually going to be worthless you are presented with a buy for $2000 worth of stock at .0001. What difference would it make to you to sell it at .0001 or .0002, when the trade goes thru its still $2000. So trade is filled
3. Stock is priced at .0001 stock splits price stays the same because of the limitation on how many decimal places .0001 being the lowest possible price to enter.
4. double shares same price = 100% gain
5. as long as you sell all your shares before delisting or halt you will make at least 100% on you money because the bid could never go below .0001
The lack of volume on the break above previous high is noteworthy. When the promoters finish unloading shares and this tops out it should make a very good short and better bounce play. The higher it goes the better. $3 is garst Target so leave the party before that is reached. Good luck you guys were all counting on you to take this to new heights of bagholding.
at some point they will have to promote something low priced or they will lose their audience. Face it this has been very successful because the runs last 4-6 weeks and have delivered 4-8 baggers. And now the target is a 1 bagger and to get it there will be a higher price than the previous plays with a much risky looking chart hoping all will go well. If this had been promoted at .40 then this would be a much different case.
Something to think about if SNPK goes to .14 it will be 100% gain. And without a promotion.
By starting the promo at $1.2-1.3 APS gains exponentially and the shareholders potential to make money shrinks significantly.
Lets say you have 100 million new shares to dump (sell) to prospective bagholders(shareholders). If you start your promo at say .10 by the time it gets to a $1 many of the shares you sold to the shareholders at .10 and higher will have been flipped and recirculated providing substantial gains for those trading it. It will take you 10 million shares sold at a dime to make a $1million. Chances are you won't sell a full million at $1 a share or higher. The stock will have a much higher percentage gain for the shareholders but not for the company that basically gets his shares free by authorizing them and approving the distribution of them.
But if you start your promo at $1.2-1.3 every million shares you dump (sell) to the bagholders (shareholders) is worth what 12 million were worth at .10.
The bagholders (shareholders) that are buying at $1.2-$1.5 are going to hold on to their shares till at least they get a double bag out of it (100% isn't that what Garyst said) So while everyone is holding out for the gain you the company are controlling the price by the rate of dilution and timing and quality of prs. As the price gets closer to the 100% target of the shareholders, you the promoter/company want to be out of your shares because the shareholders will start to sell and once that happens it will be a race for the exits.
GWBU seems to be a case of diminishing returns for the bagholders (shareholders)
At some point APS will have to go back to promoting lower priced pennystocks because the risk will far outweigh the reward of jumping on the high priced plays.
I will wait and play the bounces because this will come down much faster and harder than any APS play before.
Other bounce plays SNPK been very good last two days.
CHK deep V-notch forming maybe at a bottom for a bounce.
pedro the time between the split and the run is not what was or is important for the play that took place and I can assure it did. But only if you had insight into what was taking place at the time. Everyone will agree that CMKX was the biggest dilution/naked short stock in history. The company and the mm's were pumping out shares real and imagined as fast as the bid orders went in. If you understood that you knew that they didn't care what the price waas as long as they sold you some. After all they were never going to cover it and the company would simply go Poof like all the other Diluted POS penny stocks and remorph into something else.
Before CMKX split 2 for 1 the bid was .0001x.0002. There was no other lower option. Not .0001x.00011. Not .00005x.0001 Why because you can't enter 5 digits or decimal places in your stock trades here's the message you will get from Etrade today just as you did back in 2002 or whenever you say the split took place.
May 18, 2012 12:21 AM ET
Enter Order: Stocks
At the price you specified, E*Trade can only accept orders placed with prices in minimum increments of $0.0001.
That was the next big clue. Janice would never figure this out because she has no trading skills or trading mentality she must just think police action.
So the bid of CMKX was .0001 and the ask was .0002. That is a huge spread, 100% but that was the best that could be entered.
Remember many of the shares of CMKX never existed so it was basically free money to the seller.
The play was so simple but most never got it because they didn't think about buying on the bid.
Enter a GTC buy order for 20million shares on the bid .0001 and guess what it got filled, maybe not all at once but it got filled. If the stock closes at .0002 you were looking at a 100% gain.
Here's the beauty of the trade the day before the split the stock closed at .0001. The next day you have 40 million shares in your account and guess what the price is still .0001. It splits the price goes to .00005 but wait it can't. Why? Because of the fact that "E*Trade can only accept orders placed with prices in minimum increments of $0.0001."
So here now you have a 100% gain in you account on the CMKX shares when it's at the price you bought it at .0001 the bid. Your $2000 is now $4000. Now this it the beauty of the trade when it goes to .0002 your account is now $8000 instead of $4000. When the stock ran to .0011 and it doesn't matter how long it took your account is $44,000. from $2000 that is and was a 22 bagger. The day it ran up I sold all my shares except for 2 million extra shares that I called bonus shares that ended up in my account after the split. I sold those much later, before the whole thing imploded at .0001 on the bid.
This was the only and actual play on CMKX and it was one of the simplest and best plays in the history of the pennystock market.
I'm sure there are some on this board that over the course of time were able to buy shares on the bid at .0001 it just required a bit of patience but the key was to do it before the split. I know several people that got sucked into the whole naked short bs and how they were going to force a cover. Reminded me of religious fanatics, they weren't going to listen they just knew it was real.
You can doubt this all you want I could care less but it did happen.
Janice here's another clue, or anyone interested in finding out what the real play on CMKX was and it was a 22-24 bagger depending on what you call the high .0011 or .0012.
CLUE
What did CMKX do just prior to the run to .0011?
They did a 2 for 1 forward split.
Try to figure this out it will give you insight into how trading works.
AmericanSpirit The fat finger trade skews the intraday live charts making them flatten out and more difficult to read. So answer the question yourself. Here's a bit more info
Playing the 6th SNPK bounce over the last two days has been more profitable than GWBU APS current pick. .07 to .11 over 50% gain and bounce looks to have more run left in it.
http://stockcharts.com/h-sc/ui?s=SNPK&p=D&yr=0&mn=2&dy=0&id=p75142277703
GBWU nice how they fat fingered the trade today to flatten out the live charts. Old trick makes it harder to see whats actually happening.
Not to be ignored, the lower high today and lower low with drastically lower volume. Last 3 day volume totals 36, 28,12 million today. Buying pressure is not strong.
2 mins after the close a 993100 share blk went thru a full dime below the close at $1.48. The best play on GWBU will be the bounces. If it manages to break above $1.65 and run it has a long hard slog to make a double bagger at $3. The chart has no support until .60-.70. can you imagine what it will look like with this at $3 without any retest of support levels first. It's what I call a chart built out of toothpicks. The air will be so lofty and thin at $3 and the bagholders will be swaying back and forth in the breeze. When the swacking comes it will drop to at least $1.09 in a matter of minutes. The bounces should be real good the first one or two could be over 100% depending on how dedicated the bagholders become. Bagholders are a traders best friend.
http://stockcharts.com/h-sc/ui?s=GWBU&p=D&yr=0&mn=2&dy=0&id=p39462316730
Or the stock will correct in the next week then it has a chance at an healthier climb
Playing the 6th SNPK bounce over the last two days has been more profitable than GWBU APS current pick. .07 to .11 over 50% gain and bounce looks to have more run left in it.
http://stockcharts.com/h-sc/ui?s=SNPK&p=D&yr=0&mn=2&dy=0&id=p75142277703
GBWU nice how they fat fingered the trade today to flatten out the live charts. Old trick makes it harder to see whats actually happening.
Not to be ignored, the lower high today and lower low with drastically lower volume. Last 3 day volume totals 36, 28,12 million today. Buying pressure is not strong.
2 mins after the close a 993100 share blk went thru a full dime below the close at $1.48. The best play on GWBU will be the bounces. If it manages to break above $1.65 and run it has a long hard slog to make a double bagger at $3. The chart has no support until .60-.70. can you imagine what it will look like with this at $3 without any retest of support levels first. It's what I call a chart built out of toothpicks. The air will be so lofty and thin at $3 and the bagholders will be swaying back and forth in the breeze. When the swacking comes it will drop to at least $1.09 in a matter of minutes. The bounces should be real good the first one or two could be over 100% depending on how dedicated the bagholders become. Bagholders are a traders best friend.
http://stockcharts.com/h-sc/ui?s=GWBU&p=D&yr=0&mn=2&dy=0&id=p39462316730
Or the stock will correct in the next week then it has a chance at an healthier climb
short video on Great Wall builders
Garyst you clearly can't even read a chart. Plain as day SNPK 7th day pulled back to .28 intraday That day and the next two days were the days to buy. A very similar situation could develop here. This has run way to far way to fast and it needs a good hard pull back with an intraday low around____. You fill in the blank.
http://stockcharts.com/h-sc/ui?s=SNPK&p=D&yr=0&mn=2&dy=13&id=p05477946092
novache I can't tell you how many times I've heard that over the years The charts don't work on penny stocks. What will you say if GWBU takes a big dump and the first place it goes is the bottom of the gap at around $1.09? Oh well that had nothing to do with the chart that was a coincidence. What you should say when you make post like that is
I agree with you.
Chart doesn't work for me on penny stock. emphasis on ME As a matter of fact they don't work for me on any stock
Clarify what you mean because charts do work on penny stocks if you know what your doing.
Yeah you mean like the guys at APS? That's my point it hit a trading top today and now its time to pull back then consolidate. You bought way way late in the trade and you should have bailed today with a small gain and re-entered when it retraces. All the wishing and happy thoughts won't change what the charts says
Garyst take your own advice "that can be done by not thinking "It will go up more" once we reach the top here. Greed will kill as I have said over and over."
If you had bought at .20-.40 would it be fair to say that today GWBU it a trading top?
If not wtf do you call it? here's the chart look at it. I'm assuming you do know how to read a chart. If not you better let everyone here know you don't
http://stockcharts.com/h-sc/ui?s=GWBU&p=D&yr=0&mn=2&dy=13&id=p53553934183
A lot of you here thought with a degree of certainty that GWBU would run hard again today with targets of $2 or more by end of day. After all it's only the second day of the APS promotion. Well it didn't.
When the trade your in isn't going the way you planned let that serve as an early warning and EXIT live to trade another day. This applies to anything you trade emphasis on trade.
I trade triple leveraged ETF's and they are basically POS dilution machines that pump out shares until the next rs. Not to different than penny stocks. If you could short them it would be the easiest trade in the world cause over time they all bleed. If you stay in one of them in a sideways market or when a reversal no matter how slight they will bleed very quickly. I bought BOIL and UGAZ a few times waiting for the bottom on NG only to have it go lower. The trade wasn't going the way I planned so I got out, then got in again and again lower until the bottom came. UGAZ is now up over 100% since third week in April. If I had stayed in UGAZ the first time I bought it I would be flat about now.
How will it feel if GWBU pulls back all the way to the bottom just like SNPK (.28)did the second week of its promo. That would be a long way from $1.5. If it pulls back to 100% gain it will be at .80 still a long way from $1.5.
http://stockcharts.com/h-sc/ui?s=UGAZ&p=D&yr=0&mn=2&dy=13&id=p50356173651
http://www.finviz.com/futures_charts.ashx?t=NG&p=d1
Over the years I've seen many times when Newbies go down the path of the poster that gives them a nice warm fuzzy feeling that leaves them puking their guts out. Good luck
Garyst The problem I have with what your selling is a move to $3 maybe 100% gain from here and where you bought it. That doesn't matter what matters is where the stock began running .40 40CENTS at $3 it will be 750% move. From here to $3 is 375% for the guy that bought at .40.
If this gets to $3 before a correction the play is done and it will come down 3 times faster than SNPK which was pretty fast. If that becomes the case it will have a few darn good bounces and this whole thing will be over in 2 weeks. What will APS do for the next 45 days? lol
remember
GWBU can become a huge winner, we guarantee it! Patience could pay off huge!
Their idea of consolidation is a joke and the funniest part is this "could easily break $2+ by the end of the week."
I think APS entry and timing on this was Pathetic and to make BS statements like those is an insult to anyone with trading experience. I emailed them here's my response
Consolidation is that what you call it, takes more than an afternoon. It hasn't even closed the gap yet. A gap which your piss poor timing created. 10 days into a run and the day after 3 white soldiers. THIRD DAY IN PLAY COLLECT YOUR PAY Pump all you want you'll just be wasting good pr's. You seem to forget the run started at .40 not a $1.2
1 Close the gap
2 retest $1
3 support is at .60-.70 with intraday low .58
4 Consolidation will occur but not until it corrects. A healthy correction will be towards number 3 with a good deal of buying at .70-.80. You should listen to your own advice.
GWBU can become a huge winner, we guarantee it! Patience could pay off huge!
2GODbTHEGLORY I think that advice sucks You bought a trading top and someone is telling you you'll be OK. First of all ask you self why did you buy it? A little voice in you head saying "I gotta get in I gotta get in", Bagholding is never OK. Sell, take a small loss then see if it looks good to you when it drops to .70's when all the other bagholders like yourself panic and sell along with the dilution factor. Then you can make money all your loss back playing a bounce. If GWBU didn't run today what makes you think it will run tomorrow or how about Friday? Forget about when APS started their pump at $1.2. The play started at .40 regardless of all the BS you read on this pumper board.
If you don't believe me believe the chart
http://stockcharts.com/h-sc/ui?s=GWBU&p=D&yr=0&mn=2&dy=13&id=p15566517324
Garyst 100% from $1.5 before or after a pullback? What would be healthier just keep on running up to $3 or pullback then run?
Garyst the other plays started at the bottom. The problem is your not looking at were this started your looking at where you bought in yesterday when APS jumped in to promote it as well. There is a huge difference between .40 and $1.2.
braman next leg is down GWBU ran from .40 to $1.65 that's 400% in 10days. Not a bad return. Money Runners called it at .62, APS was very late at $1.10 and 3 white soldiers. Maybe intentionally. All the pumping in the world won't stop this from coming down.
Bagholders bought today and they will sell when it gets below a $1. There will be a good bounce and then we'll see if they can relight the engines.
APS underestimated one thing, experienced traders that sit on these boards.They can either make your run or stop it dead in its tracks. First they won't touch a stock in a position like this because they know how fast it could turn ugly and lose 50% or more. Some of those lesson were learned the hard way, by losing money. If the experience traders get in at the right level they become the varsity cheer leading squad, if not they sit on the sidelines and point out what's wrong. Let me give you an example: We've all heard "All gaps will be closed"
There is a really big gap from $1.09 to $1.2 just waiting to be filled. At low $1.40's it wouldn't take much selling to go close that gap.
http://stockcharts.com/h-sc/ui?s=GWBU&p=D&yr=0&mn=2&dy=13&id=p04731243991
Some just bash.
gap closer coming if not today tomorrow with retest of at least $1 no support until .60-.70
Or patiently wait for the crash then buy it as the I gotta get in crowd dumps their shares in a panic.
stockrule what I say, you say, or APS says doesn't matter the chart says the run started at .40 on May 2nd. It is mis-fortunate that APS didn't start then, they are very late this time. That is the whole pt how much higher can this be pushed Prior till today it looked like the 3rd stage booster kicked in. Today it looks like a Saturn IV was attached. Sooner or later it won't go straight up anymore.
http://stockcharts.com/h-sc/ui?s=GWBU&p=D&yr=0&mn=0&dy=13&id=p86076119622
stockrule tomorrow will be the 5th day in play not 2nd or even 3rd since breakout from .6-.7 base. 10th day if you count from .40 where APS bought shares most likely.
http://stockcharts.com/h-sc/ui?s=GWBU&p=D&yr=0&mn=0&dy=13&id=p86076119622
Garyst I would totally disagree in this situation. I had every intention of buying the APS play but not at the current level given the magnitude and technical s of the run that preceded it.
"It is best to get in late at a higher pps than gambling and buying in too soon."
It is best to get in early at a low pps than gambling and buying in too late."
Which one makes more sense?
You'll do OK Noache Hang in there. What happens if it tops slightly tomorrow then pulls back real hard to levels that need to be tested?
$15.000 invested at $1.50 could quickly turn into $10,000.
Quite frankly I think APS's entry pt on this was very bad. I find it hard to believe they don't look at a chart before announcing. They were either late or trying to push the top higher.
The more BS I read the more I think it needs a deep pull back
Garyst GWBU $1.54 +385% run started at .40 not $1.10. for it to be up 500% it will need to go to $2. Wasn't your target above that? At $2.5 it will be up 625% at $2.8 it will be up 700%.
In comparison
SNPK ran from .28 the first day to about .75 by the 3rd day of promo on the 7th day it pulled back all the way to .28 same level the low of the very first day.
22 days later SNPK hit $2.4 from .28 retest over 800%
http://stockcharts.com/h-sc/ui?s=SNPK&p=D&yr=0&mn=3&dy=0&id=p78776660922
If we look at GWBU from a realistic and technical perspective GWBU up 385%, needs to pull back. How far look for gaps, support, intraday lows.
First is a gap formed this morning from $1.09 close the previous day.
Support I don't see any in the 3 white soldiers
The top of the base before the soldiers is .70 the bottom of that is .60
Intra-day low of .58 approx.
http://stockcharts.com/h-sc/ui?s=GWBU&p=D&yr=0&mn=3&dy=0&id=p44902959561
Those are the possible pull back targets or we could urge the Newbies to not look at any of what years of experience has taught us about trading pennystocks
Paul APS normally runs a promo for 6-8 weeks. This one will either be short lived or run thru June. From the chart the start of the promo timing is so so late in the run. All their promos before had no volume or run up prior. Chart is Parabolic by any standard. This stock had never been above $1. The support if you dare want to call it that is .50-.70's. Let's look at either senario.
1. APS loaded up on shares at .40-.70 and rode the wave then pumped it for the push today and this week.This will drop like a rock to the above mentioned support and APS will announce another pick.
2. APS loaded up on shares at .40-.70 and rode the wave then pumped it for the push today and this week. This will drop like a rock to the above mentioned support and APS will continue to promote with the skillful and dreaded short covering rally.
The second scenario which will create a big opportunity to load up on shares. I mentioned earlier that I didn't buy GWBU because I was waiting for the next APS announcement. I saw GWBU mentioned on RB a couple weeks ago before it ran. It had the makings of an APS pick but we all know what happened to NARS when it wasn't the pick. I have a feeling there are lots of experienced traders looking at GWBU chart thinking and saying the same thing. I'm not touching this right now. It does not matter one little bit that this is APS first day to promote this. GWBU has been running for 10 days, the play did not start today it started 10 days ago. I see a sharp pull back opportunity coming perhaps as low as .58 which would make a great bounce opportunity. The sooner it pulls back the better chance it has of going on to make new highs for the next 6-8 weeks. If it runs into the $2-$3 levels I'd say its done and number 1 scenario will play out with a big bounce
Here's the chart look at the last 3 days then today
Yesterday was the 3rd soldier normally this is the time to sell
Today Monster gap above $1 and up almost 40%
http://stockcharts.com/h-sc/ui?s=GWBU&p=D&yr=0&mn=3&dy=0&id=p84687261518
Lots of excitement no matter what happens
arnesar funny thing is I've been watching GWBU for the last week or so but didn't buy it because I had a load of cash waiting to move into the next APS play. So in the mean time GWBU runs from .40 to $1 yesterday being third day in play 10day since .40. And now APS puts Pick on it. It is different than the previous plays that hadn't been played. This could be like AWSR a quick play in between the next big play. Let's say APS loaded the boat between .40 and .60's today recommendation is giving this a very good push when technically speaking it was ready to pullback. Anything bought between .40-.60 is a 2-4 bagger but buying today at $1.2-1.4 you got a long ways to go to $2.4-2.8. Anyone that got the .4-.6 shares could easily unload in the move up. Then move on to something else not yet played APS included. That's what the trader in me tells me.
common cent that makes sense and from a technical perspective I think it needs to dip as well to about .60-.70
odd for APS to alert this after it has been running for 10 days and up over 300%. Usually everyone jumps on their bandwagon this is just the opposite.
janice you had 24 hours and you haven't been able to figure it out have you? The biggest problem I have with you is you don't know anything about stock trading. You have 111k posts and I bet you haven't made a dime, yet you espouse your bs like it has value to anyone. You clearly don't have a good grasp of the CMKX trade and what happened. You talk about dilution running rampant but CMKX would have never made .0011 if the dilution had been what you say it was at that time. The Monster dilution came after the run. Do you know what the run was for? Does anyone on this board have a clue what happened just prior to the run from .0001 to .0011? How could that be a 22 bagger? Comon Janice you have 1100 followers that want to know just how clueless you really are.
Give you best shot
It has to do with share structure
figure out what happened months before just prior to the run to .0011 and I'll give you another clue
pocketchange why didn't you sell it when it started falling?
Janice you know far less about CMKX than you thought. I'll give you some time to research what happen just prior to the run to .0011.
All that other stuff came long long after the play on CMKX was done. And that's what 99.99% failed to understand. I remember the cult like following on CMKX "Got CMKX" It was so ridiculous it was funny.
janice your obsessed all that crap came much later after all the stupid bagholders kept buying more and more shares thinking the SEC was going to save them and for a cover on the naked short.
I will say this I had a couple million shares left in my account at the time that didn't get sold on the run to .0011. I put them out on a market order during the time the bagholders were scooping up shares by the trillions at .0001.I wanted to get rid of them before they became totally worthless. And guess what they wouldn't sell. Imagine having a good until cancel market sell order sitting for weeks and never getting executed when 100's of billions of shares were being sold. The brokerage always said there were orders in front of mine. I finally got them executed by canceling the sell order, calling the broker first thing at market open, asking him to call the mm and see if there was any market sell orders on CMKX. He called the mm and came back and said there was no market sell orders so I then immediately put in a market order to sell the 2 million shares at market. I had him confirm that my order was the only market sell order and told him to call the mm and tell him that he had till the rest of the day to execute the sell at the market or I was going to call the SEC and the broker would be my number one witness. The trade was executed within 2 hours and I still made 50% on those POS left over shares I bought at .0001 and sold at .0001. How could that be?