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vietmunki,
Great post!! Finally someone with an understanding of how this has to be played. It is not a quick flip or MOMO play at this point due to the large A/S and O/S structure.
Hate to say it again, but as long as they keep moving forward in a positive way it is all good.
First time they try to take a short cut like R/S and I'm gone..
But that is just me..
GLTA
The problem is that NITE is camping at at .0004 on the bid and .0005 on the ask. We will need some very nice EOD volume to get off there if the .0004's are any indication.
We need some power buying to scare the he!! out of him. If we close 6 or better it sets a great run tomorrow and into next week,IMHO.
GLTA
Jim,
I don't know about that, it looks like NITE has a boat load. Once they are gone the retail (ETMM) will fall very quickly, IMHO.
BTW - Was not offended at all. I was just having a little fun poking at our resident "Dilution" king...
GLTA
"SEC does not care"
Hate to say it but I agree with you on that.
GLTA
Jim,
I was just joking around with that comment about diluting at the ask..
GLTA
40M+ so far at .0004, do you think it is dilution? LOL
EYSM - Some serious buying at .0004 this morning on good volume
Might want to keep it on your radar..
GLTA
Some serious buying at .0004 this morning..I like it..
GLTA
Not at the expense of secrewing up the possible R/M IMHO.
Don't get me wrong this needs to be addressed ASAP but don't take your eye off the ball when it comes to the possible R/M.
Maybe that is why this was done(besides the money)in the first place.
Create a little distraction and undermine confidence in regards to the R/M?? Makes you wonder doesn't it.
I seen plenty of fake buy-outs on the pinks but they always are strung out so the company can dump into it and this just doesn't feel that way to me.
He!!, I may go down in flames here but it should be fun to watch.
GLTA
Just wait for it and I believe it will come to us when it is time..LOL
I really think this one will play out nicely if they keep moving forward with their buisness model..IMHO
GLTA
Mo
"I certainly do not believe AUCI had anything to do with the scam"
I am inclined to agree with you on that one.
"Both releases from Car Help were fraud in my opinion"
In fairness, can we even be sure that they released either one of them? From what I remember reading the offer came via an e-mail and AUCI was trying to verify it before releasing a PR when the other second one came out. Which I believe was the responsible thing to do on their part but that is just my humble opinion. They have a responsibility to only PR what they know to be correct to the best of their knowledge. I understand the "Safe Harbor" disclaimer is posted on all releases but still.
"There is no .10 offer IMO."
I have to agree with you on that. Right now, I believe that AUCI needs to make sure that yesterday's disaster does not screw with the possible R/M and then they can get to the bottom of this which will not be hard as they need to just follow the money and it will all become very clear who was behind this.
Pains me to say all this as I was looking for a quick flip on a multi day run but ended up so far underwater I may need to average down once it settles.
GLTA
UStaandre10,
While I have not locked in my loss yet, I am pretty far under water at this point. Bought this morning, watched most of the day and was feeling pretty good until I got back from a meeting to find the blood shed. I had this pegged as a multi day run but you never know in these things.
Pinks are like musical chairs and right now the music has stopped and I don't have a chair.
GLTA
PantherJ,
When did you see "rampant dilution" today? At one point today the ask had been hit to the tune of 73M shares with only about 200K at the bid. Granted the last several hours about 19M more were dumped at the bid but most of that was ETMM which normally is a retail E-trade account holder(s).
I watched the Level II action all day and it sure looked more like people loading up then it did the company dumping.
When the right news comes and if the company keeps pushing forward with their model to make money then this will blow wide open, IMHO.
It is just a matter of time if you ask me and I would suggest to anyone that they buy the gifts now and wait.
GLTA
72M all at the ask so far. Looking like it could be a good day.
GLTA
More important is that nite cleared on the 3's and moved to 4's. A good sign, IMHO that we may start moving soon.
GLTA
EYSM getting some ask hits this morning on news that they beat their sales forcast in January by 15%.
Put on your watch list...
GLTA
Most have sold and moved on as this will be dead money for awhile, IMHO.
Some will ride it down to no-bid but most will take what they can get and try to recoupe thier losses on another stock.
GLTA
Fair enough. Your right I was not watching it on Friday as I had already cleared by then. But I did see the bottom drop out from 2/3 bid support to no-bid in a matter of minutes not too long ago.
GLTA
Not to pile on but what has really changed since this was at no-bid in early January? Nothing that I can tell but that is just my opinion.
Don't get me wrong I was thrilled to walk away green on the last run since I missed out the one before it but sincerely feel bad for those who took the hits.
If this was a momo play for you then the key is to get the he!! out once it starts retracing. If you firmly believe in their long term plan then hold, simple as that.
I am not a firm believer in the averaging down deal as more times than not it just gets me deeper in the red. I have learned to use those funds and place them on other stocks that I believe have a chance of moving up. Doesn't always go my way but such is life.
I hate to say it but unless the company has a surprise up their sleeves, this is going back to no-bid.
GLTA
Interesting..OT and i'm sure this message will get deleted but I don't have the premium package so I can't PM you (but what do you think about $EYSM)?
GLTA
That is good to hear!! No worries, I started clearing around 9's also. I still love this company and I hope like he!! they can pull it off.
GLTA
"Removing emotion from trading is the most difficult part. :)"
Charles,
Very true and that is why, IMHO you have to set targets and stick with them. You may miss part of the big run but profit is never a bad thing. Greed kills on these pinks and I once read somewhere that it is better to eat from the middle of the buffet than to try and time the top.
I sincerely hope you took some so profit on this last run..Remember that it was not too long ago that there were only a handfull of us on this board at it was sitting at no-bid.
Since then it has run nicely on no news and you have to ask yourself why?
GLTA
Don't laugh...A lot of us were there at no bid not too long ago.
Sounds good...BTW love the picture on your signature..What a nice vehicle..LOL
My ask is sitting at .24 right now..Do you think that might be a little low or too high?
They can have mine, but not at the bid...LOL
Looks like it has been hanging on over the last several days..
GLTA
Looks like a great place to be..Adding more soon..
I agree, imagine my surprise when I recieved a trade confirmation e-mail at .23 for my shares. I still have not finised my first cup of coffee.
GLTA
Request has been made to IH admin for switch..
GLTA
Yes you did..And i sincerely hope you are rewarded very well!!!
GLTY
Krongorg,
Sounds like a good ideal and we will make it happen. But as far as me "running away", that is total BS...I was here along with a handfull of others when we were sitting at NO Bid...
As I have stated in the past, I am a target trader and once it hits, I will walk way and look for the next play. Lets just say we are getting close here..
GLTA
Morning..Leucro..
BTW, Got your PM and it would actually work out better for me with my recently increased work load if we can do the switch..
TIA!!
Well back to our two assistant mods..Leucro & DG2100..
GLTA
True...and it hit .0009 this morning..Time for me to bail too..My gut tells me it's time..GLTA
"As sunspotter put it, "A canadian hedge fund" bought $250K worth of PR for this stock. One can't say anything about whether they would profit more from an up or down movement in the stock, because a hedge fund could profit from a move in either direction."
If this statement proves to be true then you can bet they made money both ways. They sold into the run and shorted it on the way down. They can cover the short position and will still have a bag load of money to show from their 250K investment.
GLTA
And just yesterday you were thrilled with your triple...LOL
Welcome to the pinks!! It can just as easy go the other way but I will say that the volume has been sick lately...
GLTA
"Can we hit .08 .06 like back in March 2010 and May 2010 please! "
Don't we all wish but it is not going to happen. We will creep up more, IMHO but until they show profit we are going to be a trading stock..
GLTA
WER..
I'm still holding too but at some point, everything is for sale..LOL
GLTA