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Ranger, thanks
The SEC actions can really do some damage. Nice close on IPKL, however PPS of stocks on the greys is wacky - easy to buy at any price and anyone selling at market gets what they asked for - a haircut. Would love to see IPKL recover sweetly.
TheloniousM, Thanks. This board has been a good safety zone for me with its sanity, restraint, humor, and good advice from Coydog and the many experienced traders and chartsters. It's the only board with savoir faire.
Cockroach Theory - bad news travels in bunches
"Cockroach Theory -- you see one, you know there's a whole nest of the disgusting dictyopteri." I heard this term on a PBS finance clip in reference to the recent sub-prime fallout. The news of sub-prime loan failures uncovered a lot more bad news which spread negative sentiment quickly around the world until now some people are predicting the end of our free economy.
Another application of cockroach theory: looking back on some of my stock failures, a recent example being CKYS, one strategy for all of them might have been to sell on the first bit of bad news, knowing there would be more and more and more bad news to follow. I personally would have been much better off today, had I sold, kept my money, and moved on. Instead I tend to "have faith", believe the nicely worded PRs, and "average down" or "play a bounce" to try salvage my mess. Currently I own two stocks on grey sheets and one that is halted. One signal I have begun to sell on is dilution, although like other roaches, that one is hard to see unless you flip on the lights at night. Missed dates? - you can see those buggers, but they look so cute and innocent in their furry disgusting excuses.
From this random article: http://myfidelity.members.fidelity.com/investorsWeekly/cms/FEA10strats060721.dyn;mfSessionId=OH3OVTFSGDIBCCQEFEPCFFA?keyword=stocks&sourcecd=FEA" target="_blank">http://personal.fidelity.com/myfidelity/email.html?http://myfidelity.members.fidelity.com/investorsW...
"6. Using the "cockroach" theory
When applied to selling, the cockroach theory means that if you see anything wrong about a stock you own, either a negative news article or other information, you sell.
Elder takes the theory one step further. "I have a client who is a hedge fund manager," he says. "When he buys a stock, he monitors the other stocks in the same industry. For instance, if he buys a gold mining stock, he keeps his eye on the other four mining stocks. If any of the four mining stocks takes a hit, he sells his stock." Elder says that once you see a cockroach, you can bet there will be another one. It's the same with stocks.
Traders are always looking for something that could go wrong. If there is any news that could negatively impact your stock, you may want to consider that a sell signal."
Lots of bitter feelings here. The worst that can happen is the company will be bought private and all of our shares will become worthless. It happened to me in Huffy Bicycle a few years ago; shares - gone.
On the positive side, you can get 100,000 shares of CKYS today for 100 bucks! Makes the average price come down in a hurry.
Just bought 30k at .001 can't believe it /e
They could buy ten million shares of AAGH at .05
Wait for the price to double, pay the loan back and retain $500,000 for free.
You are correct, he is correct
I saw founder in the sentence but missed foundered. Thanks
Yafu, look again
At your dictionary: founder(1) n. a person who founds an institution. thesaurus: originator, creator, progenitor, author, framer, father, architect, designer, builder, initiator, establisher.
Those who could make such predictions
are not here either because they made enough money already, or are serving time for insider trading. Maybe:
1. Cinnergen will be so hot the stock price will go up
2. The SEC will halt the stock and investigate certain allegations
3. The FDA will kill one or more of their products
4. The company will dilute the number of outstandin shares
5. The company will buy back shares to increase the price
6. The value of the company will be seen in financial statements as profitable (or not)
7. The stock price will go down
8. none of the above
I bought shares this morning because it appears to me the company has good products that are being bought. Good luck to you.
I agree. One challenge with pinks is it being so hard to be patient when you lose 50% or more of your money so quick. They bounce back sometimes, sometimes not for years, if ever.
Too funny! Or sad, I'm not sure!
Peace. I'm late to the party.
My reaction was spontaneous but inappropriate. Your post was uncharacteristic from my view.
Not mad, just suprised at your post - didn't see you as having such a big ego. I agreed with what he said; not sure why you chose to attack.
My apologies - response edited.
That's very admirable.
I'm more of a results guy, and if someone says they are going to do something (pay a dividend, say) then I expect it to happen or see a convincing plan to make it happen, or to simply recind it because it was a bad idea or whatever. I'm not going to lose any more money here. I'm going to chase Russian diamonds instead - GBDX lol! Good luck all
Dividend - what's YOUR explanation?
At least he stated a fact - there is no dividend. My question is why, and is one expected - ever?
Dividend February 15? Anyone get theirs?
Jan 31, 2007: ..."AURUS announces that it must extend the date of record for granting the stock dividend until February 15, 2007. This is due to the delays caused by the holiday period in Russia which extended until mid January. The accountants need this additional period to ascertain the number of shares affected by this dividend. This is required in order to prepare their financial statements."
I haven't seen an explanation for the delay (again).
CKYS - trading grey with big spread
Yesterday some were able to get shares at .011 when the "bid" was at .005. Caution - if you place an order at .11, say, by mistake, it may get filled there. Trading on this "OTC Other" market is very disorderly.
GBDX droppings - export ceiling raised
http://biz.yahoo.com/prnews/070221/nyw088.html?.v=91
Studded flatulence - gotta hurt!
"Churrascaria (pron. shoe-hoss-korea) translates as barbecue in Portuguese, while Rodizio means rotating, referring to our unique style of service where experienced passadors (meat carvers) pass from table to table slicing different cuts of meat from skewers onto your plate."
You're now a passador gassador.
ReelTime.com RLTR and Journalist Tina Marie Tyler to Produce Star-Studded Show Around 79th Academy Awards(R)
http://biz.yahoo.com/iw/070216/0216724.html
Trade4more - please share your DD
Else I assume you are the only buyer, or your crystal ball is hot today, or there is some technical buying going on. TIA
N. Korea set to talk nuclear disarmament
http://news.yahoo.com/s/ap/20070208/ap_on_re_as/koreas_nuclear
Annals /a'nulz/ - historical records
I know anal.
Although accustomed to the disapointments I see constantly
from small companies, I am nonetheless very annoyed. The feeling I have is similar to when something is stolen from me. It's not a big deal as far as life is concerned, but it shows a lack of respect and integrity. People and companies should do what they say they are going to do. Instead, without explanation or apology, "All shareholders of Palomar Enterprises must own the stock on the new date of record to receive the dividend." I thought this company would have behaved better, but no, it's just something else to be suspicious of.
I'm having a Deja vu-vu December 21:
Palomar Enterprises Sets Dividend Date and Details for The BlackHawk Fund
CARLSBAD, Calif., Dec. 21 /PRNewswire-FirstCall/ -- Palomar Enterprises, Inc. (OTC Bulletin Board: PLMA - News), announced today, that the dividend date for shareholders of record will be January 31st, 2007. Under the terms of the dividend, each shareholder of PLMA will receive shares of The BlackHawk Fund (OTC Bulletin Board: BHWF - News).
http://biz.yahoo.com/prnews/061221/lath057.html?.v=84
I'm not going to wait up tonight. Companies should stop PRing things until they happen.
Interview on MN1.com in 10 minutes - 10a central
http://biz.yahoo.com/pz/070131/112826.html
Today is January 31, 2007. Do you know where your divy is?
http://biz.yahoo.com/prnews/070131/law032.html?.v=99
Trading lately has been like lap-dancing
with a porcupine. Speaking of sharp moves, that is.
Just boought'em at .0004
Looks like the MM's made it to work after all.
Thx mkt-pre and JamieH'ville
For your efforts at trying to contact the co. I own a delivery/logistics company in startup and am keenly interested in the GPS technology for tracking assets. This looks too good to pass up, lack of IR notwithstanding. I have an order in for 1m and hope the pps will go to $1 (like us all).
Jamie3 - 'Zactly!
Forward split last summer 15/1
Took 50M shares to 750M from what I read, so there were another billion shares in there somewhere. Their web site contains current press and a nice video from 2004: http://www.satelinx.com/Htmls/EN_NewsPressReleases.html Their financials are still from 2005 so there is no telling if they are having recent success, making money, losing money, etc. Several posters have said they emailed the company and got no response. They behave as if too busy to update shareholders and are not concerned about the PPS, IMO
Vortx - Report from June 2005...
Mr. Spelman hasn't given an update since then. I wonder how much, if any of it has come true? Are they still in the same business(es)?
Vortx - where do you find this information?
I've hunted around free cyberspace and can't find a lot on this company since 2005. I wish they had a web site bragging about their products, customers, etc. not to mention IR links and contacts. TIA
GBDX - I missed the dump call
Unless it looked like several posts of cautious sentiment and lack of enthusiasm. Also conspicuously absent lately are "I'm buying more cheap shares" and "last chance at sub-penny"
You're right. People are waiting to put their money where they can see verifiable activity and results. There's some kind of collective wisdom going on here - scary
Wise, I agree, if we only knew it were true.
Why do they have to wait to sell out before placing a new order? Looks like they have a one customer inventory and cash flow problem.
GBDX snews
Global Diamond Exchange: Second Shipment Sold Out, Third Order Placed
Wednesday January 24, 10:08 am ET
NEW YORK, NY--(MARKET WIRE)--Jan 24, 2007 -- Global Diamond Exchange (Other OTC:GBDX.PK - News) is pleased to announce that it has completely sold out the second shipment of diamonds that it received earlier this month. The value of this sale was roughly $1.4 million value and was sold to the same group that purchased the first order. The group has asked not be identified at this time but will continue to purchase fine quality stones from Global Diamond Exchange. Furthermore, the company would like to announce that a third order has been placed and is expected to arrive in New York for grading and sale at the end of February, or early March. The company is working hard at not only increasing the size of the orders but also the frequency of them as well.