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It would seem silly for the Today Show to have the RAB family on, then another time have on whatever PG filmed for them, then another time have JB on talking about anti texting and PG. Why not just do it all in one show as it all goes togeher? Wil be interesting to see what airs.
Grabed 68,000 at 0.038.
No sorry needed traderchange. I actually was having a bad down day and went to the HR around 4pm to eat wings and fries and then just hang out at the bar because it's such a fun and uplifting atmosphere. The music, young crowd, and scenery all make me feel like I'm on vacation. Very uplifting so I relate to you on this.
Mirage is always full. It's a center piece of Vegas. Even the Griswolds stayed there (Chevy Chase-Vegas Vacation)...lol. The Bellagio is very big with the Asian visitors and therefore some high rollers (whales) but in general is looks always half empty. The gambling there is not a fun environment-it's just set up stuffy. When you walk thru the Mirage it's packed any time of day, the Bellagio is wide open spaces on the casino floor and empty of crowds. Mirage has a lot of families staying there. Very nice pool.
MGM is always crowded and very hard to walk thru without every one banging into you. Every tourist visits the MGM, the Mirage, but not so much the Bellagio. At the Bellagio you stand outside on the strip to watch the fountains. Maybe the high rollers spend a lot at the Bellagio to make up for the low crowds? Vegas strip area in general seems pretty crowded most all the time. I live about 8 miles from the strip and drive thru that area to work and people are every where. Not sure how much money theyre spending but it's crowded day and night.
I moved here from PA and actually love the heat. Funny thing is you never actually are in the heat much except walking to the car. In the casino's, restaurants, bars, movies, they all blast the air conditioning and you freeze..LOL. My wife has to carry a sweater every where.
I go to the movies at the palms and red rock almost weekly. Coming out of the movies always throw a 20$ in the poker machine.
Ate at the Hard Rock yesterday, Mr Luckys Cafe, and won 300$ on 20$ at the bar video poker. Walked out with 200$.
I actually love living in Vegas. I invest in the casino stocks because it's fun to invest in what you have an interest in.
In 2008 originally bought LVS at 3.50 and sold at 5.00 thinking I was smart. Sure wish I would of held it. Had MPEL at 4.00 last december around there, sold at 4.60, then it shot up! Everything is way up except MGM. Buying it today and holding for a few years would be great but I'm too impatient.
I trade some pennys also. Holding OPMG now because Justin Bieber is the company spokesman (kid) and is suppose to start pushing the product soon on talk shows. He owns shares of the company also.
The Las Vegas Hilton last week defaulted on it's loan payments saying it needs to keep the money to pay for daily operations. They're trying to restructure the debt. The Hilton Company said it's going to drop it's name from the casino hotel. Just showing the LV gambling scene is not that good. MGM said it's best revenues are coming from non gaming sector-rooms, shows etc..
I live in Vegas also. Saw Paul Mccartney concert at the MGM in June and stayed there also, but never gambled one penny there.
It's posible but I don't see it below 9.50. I'm concerned about many people on CNBC saying their just sitting on the side lines till the volatility calms down. Some are flat out saying "I wouldn't buy stocks now." Two weeks ago during the volatility many were saying it was a buying opportunity, their not saying that now but rather playing it safe. So I thnk 10.00 is going to be a bseline here for a while.
If it's an average news week the weekly chart works. But a weekly chart is null and void when out of the blue an insider sells 20mill shares, and the enitre market is in a volatile pattern for reasons no one can forsee. Trying to predict a bottom is tuff with all this going on.
Was an interesting day. I have nothing to base a prediction on.
Investors get pumped on seeing the fame and popularity this kid has. He's getting streets named after him now and his name and face is everywhere-his fame is only increasing! He is the PG celebrity endorser and his 'teams' profit is directly releated to the stock price. I like having and endorser who is getting streets named after him rather then some guy no one ever hears about.
Yes, but how much is he planning to sell and how often? I don't think he would dump it all at once and ruin many investors. And why sell so low like he did yesterday?
Now today the entire market is crashing again so this bottom is very hard to call. Eventually it will go back up but to what new levels? I have to sit this out till it all settles down. If your more daring then me you could do really well here getting in low.
Very curious to see what direction this goes in tomorrow. I just read he sold because he's been slowly stepping away fom MGM and already stepped down from the board a while back. So thats just a personal selling decision and not reflective of bad company news. But how will it be perceived by investors after the panic is gone?
Found the news causing the drop:
Kirk Kerkorian's Tracinda Sells 20M Shares In MGM Resorts
20 minutes ago - Dow Jones News
Now I wonder why? And they did it after market close.
HaHa..maybe..
Maybe some big institution dumped a lot of shares? Bad news coming? Computer glitch? I don't know?
This implosion news came out yesterday and actually frees mgm from a bad investment property.
Whats goin on? WHy is MGM after hrs on msn money showing pps at 10.90???? Was there some after market bad news I missed? Is it going lower at the open??
Not sure if your serious about the friending her on FB but, the CEO of CBAI (penny stock here on ihub) had a FB page and accepted freinds from here. Many started posting very vauge things he said on his page as tho it was criptic indsider info for the stock. He eventually had to cancel all those friends and when the stock price dropped many had left nasty messages. CBAI has it's own FB page for the company and it was also nothing but nasty messages with every pps drop.
If you know her personaly thats different, but I wouldn't encourage every one here to friend her and she'd be crazy to accept. This board gets nasty when the pps drops...lol.
Probably yes, it includes all insider shares. But I actually like the idea that there not taking out big loans to finance operations. If the OS is around 700mill to 1 bill then thay have raised about 30mill$$-if they issued and sold shares into the float around 0.04 pps (give or take a few cents.)
Now it's all about this product being profitable. So they are really going to push the marketing, push Bieber, and this is great for exposure and therefore other's wanting to buy the stock based on this exposure. I think the 'guns blazing' is going to start soon and everyone benefits-us, them, Bieber.
"In financial markets, an equity issuance is the sale of new equity or stock by a firm to investors. Equity issuance can involve a private sale, in which the transaction between investors and the firm takes place directly, or publicly, in which case the firm has to register the securities with the authorities and the sale takes place in an organized market, open to any registered investor, a process more akin to an auction. Two common types of public equity issuance are initial public offerings (IPOs) and seasoned equity offerings (SEOs). This is one of the ways firms finance themselves, that is, they obtain funds from investors in order to engage in business."
From Wikipedia.
So they raised over 10mill from selling stock.
We all need help fighting dangerous impulses.
why dont people just not text while driving? they have to install a prevention measure for themselves?????
Any idea when the quarter report is coming out? Today?
Today, Monday, I sold all my MGM at 11.86 bought last week at 10.44. However, I had lost some money on a different trade so my MGM helped recoup but still down about 1000$ over all.
The reason I sold my MGM was because I bought on margin to double my shares. Margin just makes me so nervous and I use it only to try recoup a loss-buying what I think will be almost a sure thing. MGM at 10.44 was a good bet but I just can't hold it any longer-I was hoping to see 15$. It prob will hit that in a week or so but holding shares bought on margin is a worry headache in this volatile market.
Now, I'm hoping the market crashes again. Geez...lol.
GLTY.
His shares and also some insider's contracts state "protected from dilution." Not sure about the rest of his contract and what that broker might be referring to but this means it would take about 1000 of your shares to have the same value of 100 of his at the same pps-if the company keeps diluting up to the 1.5 billion authorized shares they have available to sell. I'm still happy with my shares tho.
I think the market volatility will be back to normal-not the cazy stuff last week were everyone got confused and all emotional.
I think MGM wil resume it's normal pattern of a few dollars range up and down weekly, but I'm not sure if it will be new highs or lows. The quarter report was good but Wynn and LVS were upgraded and some casino investors will pull money out of MGM and go with them-maybe.
I really don't know...lol. We'll just have to wait and see this week. i'm going to start trying to trade the pattern that MGM has been setting the past year, but this past week messed it all up for predicting the high and low....lol. All should settle down and we'll see what range the pattern resumes trading in..
Thank you. I'm behind on reading all the post this week.
After this crazy week of volatility, do you see MGM resuming it's pattern, or going lower/higer then the usual pattern-was a good quarter report but the overall market had a bad week. So how to play this now-11.00-15.00 pattern or higher/lower patern?
Someone posted here, I think it was the penny safari guys who talked to Frohman, that the iphone version of PG won't have "all the bells and whistles." What does that mean? Does it mean it won't have the geo fencing and speed limit notification? It can't just be the free version it has to be something they can sell, so, what does that mean?
Also, are we expecting a quarter report on Monday or is it another time?
I bet you did make some difference. I also bet Frohman, or someone in OPMG, watches this board and decided to let things rest a bit. Investor sentiment is somehing you don't want crashing when your trying to launch your product while in penny land. Plus they had the Penny Safari show up there the other day to ask questions. It's just too coincidental that today they backed off a bit after so many complained on here recently. I believe they'll let this breathe a while but it will go back down.
Why not just ask Frohman what the OS is and are you diluting-that will some it up. I'm just being real here and not negeative. For most of us it's hard earned money invested. I'm not sure diluting is reflected in the daily volume but shows in the new OS with every quarter filed.
I'd rather they just get it over with and release it all at once. Let the pps drop to a penny and announce the end of dilution-then everyone would buy like mad knowing the dilution was over. I would.
Waiting till the pps goes up only brings it down slowly and everyone watches their investment shrink-just like it's been doing almost 10% daily. Not good for those who buy on the runs and it enourages flippers. And worse-encourages trying to perdict the bottom.
Just release it all at once-the pps drops but only temporarily, then watch the pps shoot up and stay up.
Thats just my opinion. But companies never know how much they will need so they bleed out the authorized shares as they need the cash. What can we do but just just make the best informed decisions we can with the info we have. Thats the gamble of penny land. The big boy stocks warn their share holders about releasing more shares and what they will do with the cash. OTC companies don't have to do that. Sucks.
In the conference call Frohman was very honest and said "we will approach one billion shares." They also have an authorization to sell 1.5 bill. So we all knew dilution was coming-at least up to 1 billion.
I don't have pic posting ability here. I'm a member of the yahoo board so thats where I saw them. Their nothing dramatic that would sway you to buy or sell but it is nice to see them. Just an office building with other businesses in it, Frohman next to a cut out of JB, some people sitting at desks with phones in their hands. I'm sure he'll get around to posting them here.
Saw the photos. They look nice and prove he was there but don't tell any story with the stock or future promtions. Will have to wait to hear about his conversation with Frohman-but how much can the CEO really say? The whole "Penny Safari" thing is a great idea-good job to them for checking on investments!
I also check in occasionally to see if any new DD has been posted. There just isn't much to comment on here. I appreciate when members post good finds but it's annoying to hear things like 'nothing has changed.' The OS has changed from 430 mill to almost 750mill and can continue up to the authorized of 1.5 bill. That directly effects the PPS regardless of any great news that comes out. They could announce iphone availabilty or anoither celeb is on board and then, release another few hundred mill into the OS and the PPS will go no where or even drop inspite of people buying. I'm not being negative but realistic with expectations. If it drops, as I think it will, I'll buy more because someday the dilution will end. The insider's shares including Bieber's, are "protected against dilution" -not sure how that works tho. The only protection against dilution I can get is to accumulate and to average down.
Shouldn't he have to register before the sell? The sell date came first.
Bought 40,000 more at 0.0403 three min before the close-just in case Bieber says something Sunday, or news opens on Monday. Have some cash on side line to buy more in case it drops. Even with possible dilution going on I think anything below .045 is a deal.
I like this article-it mentions Bieber has a financial stake in the company, and that texting while driving is a topic thats 'on fire' right now, and it also mentions Oprah.
Bought some at 0.044. Bid and ask just going back and forth-nothing happening kinda day, but, no big crash happening either, so I don'y think it's dropping much lower now.
Someone here commented that someone disputed their credit card charges when the product wasn't delivered. I did. And it had nothing to do with a product delay. It was because I called customer service and was treated like crap by Elon. I called: Answer-"yeah"..is this phoneguard support-"yeah"
asked about purchase and Elon said-"have no answer for you", can I speak to someone who can give an answer-"no one knows anything", but my card was charged-"yeah", I'll have to dispute it if no one can tell me anything-"yeah, you can do that". Etc....
I still wonder why they charged me at all if a week later the app was given out for free?
I disputed my card charge because of the horrible customer service blow off. Then it was discovered Elon was PG's web master and a subscriber to T.S. Many called PG to complain about Elon. Then I got a nasty ptivate message on here from T.S. telling me to quit harrasing his subscribers. Thats the experience I had from my purchase. Thats why I disputed the charge and won. At least the customer service got cleaned up-so some good came from it all and does show that the members here can make a difference with their calls and emails.
Yes. But don't use that margin borrowing power-I first tried it and "no way ever again!" The first margin call you get sucks!