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If he did in fact sell that many shares in one swift move, it was a horrible decision, since it greatly impacted the PPS (it dropped over 17% from our EOD PPS). There must be a reason that we don't know yet, but it seems like he could have dumped 50K shares several times a day for the next few days and made out better than making one big dump. I have to believe this was calculated and will only be a minor bump in the road.
This does not look like a pump & dump, it went up after the 10Q was released last Wednesday. I've seen stocks go up much higher on lesser news, this went up 40% on Thursday, traded sideways Friday and went up another 40% Monday, why does this have to be a form of manipulation? I also hear that shorts are here... how in world is it even feasible to short when you need $2.50 per share just to short a penny stock.. if I shorted 100,000 shares I would need a quarter million to do so, seems like you could put that money to better use.... Someone may have dumped 900K shares at EOD but I think we recover relatively quick.
I don't think it's ever to early too make money, I bought in at .076 and have done quite well. I will not keep my position if it goes below .125 so even if it retraces to the .08's or lower I will cash out and look to get buy back in later, but for now I'm gonna ride this cash cow as far as I can.
BREEZE - Pennies don't trade after hours, the bid/asks do crazy things after the close
Don't really want a gap and run... seems like that's when it comes tumbling down. This movement has been great, two big runs today but other than that pretty smooth.
WAYNEO2 - Are you afraid that you missed the boat? This doesn't play like a pump & dump at all, you still might be able to get in in the mid .13's, first thing in the morning but you better hurry or you will be stuck with .14's
Actually, based on how it moved after the news Wednesday, I highly doubt we see .15 this week. It touched a little over .12 and closed at .10 (40%+) on Thursday, which is awesome then was red on Friday all on the news of 7.5 million in revenue and 2.5 in profits. Even if we got news of the same magnitude and it goes up 50% it's still just under .15. I'm not expecting anything big, I just hope to see nice gains, but if it drops to .09, which there is no reason for it to do that, I will exit my position. GLTA
Jb - I hope you did as well, I got in Thursday at .076 and thought, with the news, it would have gone past .15, but it's actually held up well around .10 so I think Monday will determine whether or not I keep my position. I won't stay if it goes below .09.
Seems to be some flipping going on... if you are patient you can profit at .12+...
Thanks for looking out for everyone here, I'm sure we will all sell at the bell.... I don't know what I would do if I didn't have you looking out for me.
What brokerage firm allows pennies to be short? I know Scottrade does not...
That was a nice run up of over 50%, seems to have settled in, hopefully stays above a dime.
Good Luck, I hope it gets there soon
Looking good but the bid needs to tighten up to the ask...
How about we get to $8, $9 then double digits before we think about triple digits.... I don't see it going $8 and staying there any time soon.
It went to 7.70 today with no news... hopefully above 7.70 but I'm not gonna hold my breath, I've seen PPS go down on good news...lol
Was in a meeting and came back to a nice surprise, would have been nicer if I came back when it was in the upper 5's but I still pulled a 50% gain...
but hardly any forward movement... I thought it would have gone to 0009 by now, now it's heading south.
Seems like some crazy games are being played witht he bid and ask... it moves huge on a moments notice
This thing is all over the place, at any minute it can be anywhere from 0045 to 0064... Looks like I might have to bite the bullet and enter at 005.
hmmmmm so it's down 47% from 3:50 pm yesterday to now and that's a good sign. I don't care who's saying what, I just want it to go UP, not DOWN, if you think it's a good sign, you're out of your mind. I buy back in when it hits 0025, unless it's crashing thru then I will wait until the dust settles.
Good sign? It's down 23% from is hod...
Wow, glad I got out yesterday and didn't dive right back in today... Think I will stay away for awhile, I predicted low 4's but now we're in the 3's with no end in sight... GLTA
So why would there be a fire sale at the end of the day? I'm just asking because it's confusing... I want to get back in tomorrow but it doesn't make sense for the pps to go from 0068 to 0047 in a matter of minutes but then you think it will gap up tomorrow....
Didn't this take a nose dive to end the day? Just curious on why you think this will open above 0068 tomorrow? I honestly think it will be in the low 4's in the first 10 minutes, I don't think the bleeding has stopped from the sell off in the last 10 minutes today. I'm going to watch this but I would think people would want to hold their shares if all of the news is true, not beat the door down to get out. Seems like it should have closed in the 7's or 8's not the upper 4's....
got in late at 0044 and out at 0060.... We'll see if ther is anything happening tomorrow, but looks like people were scrambling to get out at the end.
Not much of a power hour, but I did pretty well for getting in late... We'll see what happens in the morning and maybe I will get back in.
One thing that is apparent with charts and pennies, they don't go together. You don't know how many times the chart says it's ready to go and nothing happens.... It's just a guessing game.. I think it's just something people use to make them think they can predict what's going to happen..
Ok I marked it... what happens if it doesn't hit .01 by Friday? I will go out on a limb and say it won't even make it to .0065.
That was a little odd how it took off then hit a brick wall so fast, I was expecting to see 50%+ with a tight spread... Not a lot of money to be made since the spread is so big. If you sold now it would be for just over 8%. Maybe it will takeoff again..
They dropped the bid from 154 to 142.... what's up with that?
Been on the ask for over 5 minutes and nothing.... guess they don't want me to pick up anymore....
One hour into trading and barely over 1.5 Mil in volume? This is toast until some substantial news is released.
Dangit man, nothing like going out on a limb..it's closed red everyday this week except yesterday didn't it? It hasn't closed green two days in a row in a long time (over two weeks). I predict the sun will rise in the East and set in the West....
Yep, that's why I always keep half of my shares, my luck I would sell at 0075 then it explodes like AN*U did last Friday and then again this past Monday and I'm watching all you count your money..LOL
Since when do pennies trade after hours? I think that info is incorrect...
Oh yeah I know that's not possible, it was all in fun, but I'm here looking for a big run into the pennies as well, however I also want to capitalize on the smaller runs. This is the only week that I've been in invested in PMCM that it didn't run to the 7's or higher, seems like two weeks though because last week it ran on Monday so it's been 9 trading days. Oh well maybe we see two runs next week.
LOL, I will sell half of them, 525,000 between two brokerage accounts, how do we do it?
I sell half of my shares and hold the other half and then if it drops to a level I like, I pick up the amount that I sold.. I don't own enough to impact a run and I make a little as we go up. This week I didnt' make squat.
Oh nooooo, I'm holding them unless you want to give me 0075 for each one... I know it's going to run just waiting it out.
Not a good week on the surface, who knows what's brewing behind the scenes, down 25.5%..... When this takes off next week (yeah right)the first 34% just gets recovers this weeks losses then we build from there.