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Yep, bear market for sure. Time soon for those vicious rip your face off bear market bounces, we havent seen any yet!
"6.74 lol" That would be a 50% bounce from here in NUGT, you do realize that right? Its not the NUMBER, its the % gain. That would also cut DUST down to $80.
Anyway, got some NUGT myself today, and some calls as well. ABX is actually trading BELOW where it was in 2004 when gold was around $450. Sure, physical gold can go down some more, but when you have ABX trading at a PE of 4.5, and a yield of 5% or so, value investors will jump in at some point.
The headline on Yahoo today was that the market went up because the bad GDP number ease the fear that the fed will tighten. That didnt seem to translate to gold today, but I am glad, gave me a good entry in NUGT. At some point, you cant have it both ways (i.e. fed wont tighten so market can go back up and gold goes down too).
Anyway, DUST 200 is not impossible, I guess that would smack NUGT another 25%, I have powder dry to average down a bit if so, lets see what happens.
I doubt Reters is trying to short this
Dan's prediction": "why buy now? may see 0.02 in the next few week imo"
Result: .167 a few hours later from .09, nearly a 100% gain in just hours, THATS why buy now Danny Boy!
You barely went long 2 or 3 days ago Dan, how much did you make, like $10 after commissions?
I think there will be a settlement, just not until well after the appeal is filed formally and the Jackboots realize they and some of their cronies face time behind bars. I got time, no hurry here. Sitting on a 4 bagger at the moment on the shares I do have in my trading account, and a double on my IRA shares.
How's your short position doing BTW?
I think you are right, there is no guarantee here, that is why I cut my position by 66% after the BK conversion, and I hadnt even thought about the idea of Guy doing a side deal that ensures him a return but doesnt leave us any.
I sold about a third of my position at-the-time at .33, and now there is talk from FS that a 100M settlement would go through, which would be .27 to commons. Still better than nothing but we will all be wishing we didnt sell at .38 or whatever we hit awhile back...
Anyway, I wouldnt call your analysis pessimistic, its just one of the possible outcomes among MANY here...
So no PR AH, no settlement?
I often think we are all too enthusiastic here since I have seen it day in and day out for over a year now, but sure hoping you are right in this theory VC!!!
What has you thinking a settlement was literally just minutes away?
Nice to be hopeful and we would all love it if true, but if you have something substantial please let us know!
As someone who has studied copy writing, I see this as purely transparent BS designed to get you to feel fear, which in turn will make you more likely to BUY WHAT THEY ARE SELLING. I sure as hell dont trust government presently, but I trust these kinds of newsletters even less lol.
I posted the news ASAP to thelion yesterday, only other place on the net where I have seen people actively follow this besides here...
I think we would be higher if not for Ch 7 change, that was what tanked us from this level down to .03. There is still some question in my mind about just how that pans out exactly in the end, but still worth the risk to hold some shares...
NIiiiiiiice! I came back just in time to see this, glad I held some shares. Gonna be a long road ahead, and I dont think this alone gets us to above the recent highs, but for sure we should see a nice pop tomorrow, easily a double or triple.
SAYONARA POST:
Gents, it has been great trading with you, and I am still holding a smaller lottery position of UWBKQ, though now reduced by about 66% from my max holdings.
Im not gonna pull a Reters or a Mesa or ElCheapo, even though I think we have substantially more risk now with the Ch 7 filing.
No, I hope that all you hardcore holders all meet in Vegas and celebrate the triumph of justice in an otherwise unjust environment.
I hope that UWBKQ makes massive gains, and some of you become millionaires, and That I make $50K to $100K myself.
I am stepping back from daily checking on this not because of lack of faith, but rather because it is a time drain for me. There have been tens of thousands of posts here and there may be tens of thousands more as it is still possible that this game will go on for years if we appeal. And now I have decided to start a new business, so I need that extra bandwidth to get momentum in what I CAN control, ie my own efforts, unlike the outcome of UWBKQ...
So while I may not be here often or at all, will still be here in spirit cheering all you good folks on! Best of luck to all of you, not just in UWBKQ, but in all you do!
May we all meet in Vegas someday, preferably sooner than later
26% now...
First time I am up 12% on a Ch 7 stock lol... definitely seems there is more to the story as this is not getting totally liquidated here
I sold most, but just enough so that I can still hold out hope for justice. But regardless of how much any of us lost in this, at least we have our lives, unlike at least 2 people who were bombed in Boston, so much still to be grateful for in this crazy world.
Fortunately I had my best day of the year today with shorts and trading gold, but I have lost faith in UWBKQ with this BS. I am keeping 15K shares just for some kinda super miracle in my IRA, but does seem like they have put the writing on the wall?
Someone just chickened out
I was wondering the saaaame thing.
HAHAHAHA!!!! No kidding, we have been here for years weighing the risks, some of us are riding free shares STILL, I myself flipped 30% of my position in this "Risky" stock for over 400% gain, and this guy shows up thinking he is some kind of white knight trying to save us money because "you can lose money when a stock goes bankrupt"??? Very, very funny lol.
Thank you Captain Obvious, we got the message, there are lots of other Q stocks that need your help, please leave us now that you have disseminated your priceless knowledge here and go help all those other hapless ignorant souls.
SOmeone beat me to it, would have to buy at .075 to paint now. thanks to whoever beat me to the draw
I think I will paint the close again today. Did yesterday, and for now it doesnt feel like a bad way to accumulate and keep the chart from looking too weak FWIW. Fingers crossed so long on this one I think I may never be able to uncross them again.
Yeah, a settlement right now is extremely unlikely, but that is precisely why I think they will appeal at the very least. They would have much more leverage to try for a settlement when in a higher level court that could have better discovery, etc.
Made enough trading the last 3 days to where I have 150% covered what will happen if UWBKQ goes to zero on me, so I still just hold this as a lottery ticket that might or might not hit. It all hinges on an appeal IMO. They can always give up later in the middle of the appeal, but not appealing seems stupid. In fact it seems to me that is part of why they went for summary judgement, they either figured they would win it outright, or they would have to appeal to a court where they would have more leverage.
I dont buy all of what FS says, but that much seems logical, that they planned to appeal all along if they lost.
I think you meant to say:
"why am i here.....
...trial ct judge had blatant COI.... insider trading in UWBKQ stock.....
conspiracy committed by OTS AD and FCNCA/Venable.... illegal kick-back to OTS AD by FCNCA/Venable.........
FDIC opposed the illegal seizure and removed docs from AR.......
NOA has been filed...............
.....
...
.
.....
."
Right? Makes me feel uneasy when you post without the dots FS.
"Low volume"? Elcheepo, do you realize that ever since the selloff, the average daily volume is greater than it was since before the selloff? And that further, before the selloff, you were long the stock and did not complain about the low volume as a reason for the stock price to "meander and slowly fall"? So do you see how some of us might consider your posts oddly negatively biased now given your prior positive bias?
I get it, I mean you sold, and so you want to feel right about your decision, so now things that you did not notice as negative before are cast in a negative light, for example the "low volume". And if this maybe goes fully to zero, you will get to feel that "whew, I made the right decision" feeling, but if they appeal please realize that wont happen for years. And an appeal is a distinct possibility otherwise the "low volume" would not have led to a 500% bounce from low to high so far.
If it were me who sold, I would personally realize this and instead try to wish everyone who had been my friends just days before THE BEST OF LUCK with their decisions, I would not come on and bash the stock incessantly acting AS THOUGH I was doing it FOR THEIR OWN GOOD. The biggest damage is done by the first big drop, you cant erase that by bashing now even if your motives were purely altruistic.
Anyway, that is just me, I suppose you will continue to post as you like as is your right, I just hope you would consider the feelings of the people here who you only weeks ago hoping to party with in Vegas, as well as examine the inconsistencies in your own logic about volume, etc.
I was just about to say that EC has turned into Mesa. I mean, nothing but finger in the wind, no basis, BS posts. We are sitting here admittedly guessing ourselves, but at least they are EDUCATED guesses.
up 300% since Mesa first predicted going to zero.
Someone here posted an example of there being precedent for settlements being "offered" and having an expiration period that were accepted even after a defendant lost in court, and the agreement wound up being forced to be honored. So it would seem there is precedent for this being possible.
I think the bigger issue is if there was a settlement offered by the defense, it would have been a material event, and so the question is shouldnt it have been reported by UWBKQ? Or is there some loophole that since it was not "accepted" that it is not yet material news? Or that since it trades on the pink sheets they can wait on putting out a PR about the proposed settlement. Etc.
Sold a third at .33 and bought it back at .03, when the appeal wins or settlement is reached, that will be one of the best trades I ever made.
Mesa, GOD called me today and said you need to pray harder because you are very poor at picking stocks, and you say UWBK will go to zero one day, and then to the moon the next. He said this is called BiPolar disorder, and there are treatments for this.
BOOOOM! Mesa, UWBKQ going to $8.00000000000000 after all on your contrarian .000000008 call.
Nice find VC! They are already responding basically immediately. I think Sanders wants another crack, he did the work just needs the court to look at ALL the evidence. He has a winning record, why not take this on contingency to keep his record unsullied.
Mesa, you have no credibility here, you realize that. One day you call for the moon, the next .008, you are all over the map man.
Bounce in effect for some reason, holding for now
VC, again we need to determine if UWBKQ would HAVE to report a settlement or not by SEC rules for pink sheets. If they were trading on Nasdaq or NYSE they can not sit on such information, it is material information.
Hi VC, we are in a bummer of a situation but I agree there may be some hope yet. However, to me that hope mainly rests on appeal. You mentioned you thought there might be a settlement that is working through the system, but my question is wouldnt that be material news that would have to have been reported? In a listed stock it would be, but I am not sure how these things work on the pink sheets? Anyone know? Could UWBKQ indeed have signed a settlement with the government and not have to report the news immediately because they trade on the pink sheets? Maybe they were just waiting for the POL to finish in that case?
sold a third at .33 but still got killed on this lol. Still holding, added 10K at .03, lets see what happens. The idea a settlement has been penned is nice, but seems unlikely. Appeal is probably the only way to go here, as FS said.
LOL, I have been on vacation for over 3 weeks and this might be my first post in about a month, but that was damn funny!!! As much as it sucks to come back and not be seeing big green in my account yet as expected, nice to get some comic relief.