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YA was merciless today...if they even take their foot off the brakes for a few hours, this could climb back to .015. The relentless bid-whacking is borderline criminal, especially when it looked like NEOM might be gearing for a run at the end of day.
So disappointing for a stock that could have so much potential.
Got out at .65 this morning also. I'll take 12% profits. Spread looked a lot better today. Maybe when this thing starts moving with all of this volume I'll buy back in, but no sense in buying when the price goes almost nowhere. Highly manipulated on the level 2.
It's a t-trade...just MMs settling a trade from earlier in the day. Means nothing.
Well, I did what I said I wouldn't do, and I averaged down today. Picked up a few .007s on the bid, just hoping it would hold as support. Thankfully it did today, although this bid-crushing is slightly discouraging. I'm encouraged by the 10-Q item about the credit facility and no more equity financing! Hopefully they will go ahead and use that credit, pay off some bills, and get some oil flowing!
Good luck.
Ha! Yeah, I nailed it. Too bad I didn't buy it. Oh well. Let's see what happens tomorrow.
Lots of sellers in the .003 and up range it looks like. I held onto my shares for now, even though I could have sold for a decent profit early on. It's probably gonna take a big catalyst to get this back up to .004+ again.
Then I retract that statement, Poptech. I know I was reading here last week and somebody was speculating that NEOM was done and BK was a possibility. Since it wasn't you, I apologize!
I'll be holding past tomorrow, as I'm sure it will be a nice green day tomorrow. Might take a little off the table just to protect profits, but gonna let most of it run for a bit.
Yeah, I don't think the timing of the news was a coincidence whatsoever, LOL. Especially with the stock just coming down to new 52 week lows...hmm...
The last run was just brought on because a billionaire bought a bunch of shares though, right? That combined with some non-earth-shattering news...? This seems like pretty earth-shattering news in penny land. We could re-visit March highs, imho. It depends how much they want to dilute into the run I suppose. Better believe YA will be selling many shares tomorrow, just like they were today. Just hope they do it responsibly.
That's kinda what I thought, but didn't want to pay more than .0025 for it, so I sat on the bid late afternoon. Kinda forgot about it, as I was watching something else, but my bid got hit 30 seconds before close. Hopefully this gets a good pop soon!
From what I've heard, no. There is a DTC chill on NEOM stock, so several brokers will not allow you to trade it without huge fees. Thankfully, Optionsxpress lets me trade it freely.
Been waiting and watching for some volume to come in and here it is! Picked some .58s up on the bid this morning. Wish I had unlimited daytrades, because I could have bought at .58 and sold .63 about five or six times today, LOL. Wish that spread would tighten up just a little.
Good luck everyone. Next week or two should prove interesting here.
Well, to be perfectly clear, I didn't say I thought NEOM was or wasn't a scam. Personally, I believe that it is a real company with real patents that it just really licensed to MSFT. Really. It also has really bad dilution issues and a really humongous share structure, and isn't really something I would consider holding for a really long time. LOL. It is, however, a pinkie with some serious momo and volume and great price action right now, and so that's where you will find me! I hope NEOM goes straight to the moon.
In all seriousness, it would be nice to find out what the deal was worth for NEOM. They are so deep in debt that I read Poptech on this board recently speculating on a possible BK in the near future. With the pps breaking below support recently and interest dwindling, how the heck was YA gonna get their money? This came just in the nick of time for NEOM, imho. Not really too sure if that was a coincidence or not either. Guess BK is out of the question for now, anyways! This is one of those stocks with potential, that never seems to fully realize it because of aforementioned reasons. I hope it does one day for current shareholder's sake. In the meantime, let's all make some money!
Hell yes, that's what I'm talking about! Who gives a flying crap what's really going on with the company...play the volume and price action and the chart, my man. All peeps have to hear is "Microsoft" or "Wal-Mart" and BAM. LOL.
LOL! Love that analogy. You're right though...so many more promising setups out there than this pos. Good call.
So what? Are you opposed to making money? Aren't 99% of all pinkies scams? LOL!
Yeah, looks really ugly right now. Still due for dead cat bounce though...and on watch for a trade. Not a buy and hold for sure!
Glad I was able to buy in this afternoon! Wow...that seems like pretty huge news for NEOM! MSFT...hmm...gonna have to let that one sink in,.
I'd love to know what this means as far as revenues for NEOM. I can't help but think also that since it is a non-exclusive deal, that there will be other deals coming down the pike with other major corporations as well. But for now, guess I'll just play the momo and make lots of money, LOL.
Go NEOM!
So...this is exactly why I dumped it immediately when it cracked .21. When you break a multi-year support, time to sell. Looks like the next support after it cracked .18 is down at .12. I lost a little less than 10% by dumping immediately, versus being down 36% over the course of one week. Yikes.
Hope this pos stock improves soon for you guys. This is just sad.
Holy crap, where is the bottom here? LOL. Gotta think big bounce coming soon! Buying later this week or early next.
Then he'll be selling to me.
I was thinking the same thing...I'm in at .0865, and really don't want to sell! Don't want to have to chase it at much higher prices, lol.
$APDN how about high of year! Awesome news and ridiculous chart for APDN. I wouldn't be surprised to see this hit .15 on Monday, possibly .20 by mid-week. You can check out the news for yourself here:
http://finance.yahoo.com/news/defense-logistics-agency-mandates-signature-153600109.html
Also, their 10-Q is a good read as well.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8773363
$1,563,880 in revs for the first 2 quarters of this year, as compared to $687,970 in revs for the first 2 Q's last year. The bulls are clearly in control here!
Someone on Twitter had mentioned watch for the breakout of .09, but when I read the news and looked at the chart, I slapped the ask at .0865 as hard as I could! I don't think most penny players realized what this news means for APDN before they bought it today. It is huge!
This might hit .15 on Monday, possibly .20 by Tuesday. I know stocks don't go up in a straight line forever, but I'm pretty sure this one will have a nice run before it finally settles down.
Go APDN!
Yep.
Too attractive of a play not to. The chart is just ridiculous! Already mapped out my support lines and will be watching for any significant dips. I think this could run to .20 easily on that news.
Well, how's that Kool-Aid tasting today, VLNX longs? You would think that after all of the crazy head games that APS has played with us this year (AWSR, RARS, PGSY, and another one I can't remember) that you would learn to NOT hold this stinky pos overnight. Sorry to anyone who lost money over here, but it's your own fault. Anyone could see that they were selling into the close yesterday afternoon. Way too dangerous to hold these overnight!
Thanks to whoever sold me their shares today at .166 though. Sold them for a tidy little profit!
You read that probably from the pumps and dumps website, and/or emails, allegedly run by George Sharp. Recall that he caused the AMWI crash, as well as IDOI and CTDT recently, because he sees himself as some sort of masked crusader sent to free us all from the horrors of pump and dumps and protect us all. What a human being he is. A true champion of humanity. He is trying to scare everyone into NOT playing these P&Ds, and will say anything that he can to convince you of this. Please...take anything that he says with about a pound of salt.
Not saying that any stock couldn't get halted during a P&D campaign, because it has happened, but it is highly unlikely. That's the risk that you take in playing, however. NKRN comes to mind this year, after a nasty sell-off right out of the gate on that P&D campaign early this year. It got halted 2 days later, and you can pull up a chart to see what happened next. SPNG is the most famous one I can think of. So it does happen. But not very often, and only when the t's aren't crossed and the i's aren't dotted.
All that being said, I'll just be waiting for emails to come out in the a.m., or playing the bounce from what could be an epic dump tomorrow morning.
Good luck!
Lots of Kool-Aid drinkers here tonight, I see! Wonderful. I sincerely hope for you that VLNX surges right out of the gate tomorrow. However, I am inclined to believe momo-trader and a couple others here. If no emails from APS before market open, see you well under .20.
Regarding the "leak"...LOL...anybody have a scanner? It's not hard to pick up pre-market volume with a decent scanner (E-trade or Equity Feed offer such wonderful tools). Then you just need to alert it in a chat or tweet it to your buds and BAM! You think APS didn't realize this fact? LMAO! This "premium membership" really didn't go over too well, now did it? Yikes...knew that would be a huge waste of money.
I wasn't going to hold this filthy pig overnight if my life depended on it. I got RARS'd along with thousands of other folks, and it didn't feel good. What did feel good was booking nice profits today and knowing I can always buy back if I so choose tomorrow.
Good luck to everyone holding shares overnight here! I hope VLNX goes to the freaking moon for you guys! Weeeeeeeeeeeeee!
Hey men, a bet's a bet! If you're ever down this way, steak's on me. Or if I'm ever up that way.
I sold at .2024 from a .2218 entry, less than a 10% loss, and look where it is now. If there's one thing I've learned, it's don't hold onto a loser expecting it to come back up. If DEJ stock ever starts showing some signs of life again, I'll jump back in. But look where it is right now. The depths of despair. You have to go back to 2009 to find the last time DEJ traded under .21. I guess if I had looked at the chart that far back for where the next support was, I might have bid on it in the .18s. That's just a pitiful performance, imho. It doesn't really seem like a good, long-term investment to me, based on the chart. When I look for a long-term investment, I like to see a long-term uptrend! Considering DEJ stock is lower now than when it first really started trading in 2005, I'll pass. If...and that's a big if...DEJ stock can ever really start showing signs of promise, I might get back in it. I think I would only get back in if it broke .32 and support held there. The pps really is no indication of the value of the company, but I think it does reflect on management, and I think management has been very poor this year with DEJ. They can show so much promise, only to screw shareholders right afterwards. Hell, I bought this pos stock back last December at .42 for a long-term hold, and never sold even when it hit .60. Finally sold for a loss at .36 back during that spike in May.
For a company that pumps more oil out of the ground that other oil companies like SSN that trade well over a dollar, this is ridiculous and pitiful. Still, it is awfully cheap and I might just put a bid in at .1815.
Good luck to everyone here, and I sincerely hope this stock starts performing much better. You are all a great bunch of people here and deserve much better!!!
Yes, I was. I'm giving WGAS a chance here, since it has shown signs of life recently. For better or worse, I'm holding until at least the end of the year. Hopefully longer, if it's for better, LOL. Still haven't averaged down, as I think there's a chance it can go to .007 or lower again. I like that .008 has held as support here...need to see that continue and hopefully start seeing .01 be support. I do have a GTC bid in at .007...being a bit hopeful, LOL.
Good luck.
Wow, that is huge! I will definitely be on watch in the morning!
True, xzx, but right now my average price is .06, so it's a pretty hefty bag! In fact, I cleaned out almost all of my bags this year, except for this and 2 others that show potential. My philosophy has changed regarding penny stocks in the past few months. Holding and hoping that they go back up usually just doesn't work. I mainly just swing trade or daytrade them now. WGAS is one that I'm holding onto.
One thing to keep in mind when you wonder why we aren't moving up any faster than we are: Take a look at the year-to-date chart for WGAS, and imagine all of the bagholders (me being one of them) still there, waiting to sell. All of them have different degrees of loss that they are willing to accept. Some are just whacking the bid to get out, while others are putting their shares for sale on the offer near resistance. It's going to take some time to clear out all of the baggies here. That, combined with financiers like Asher hammering the bid every so often makes for somewhat of a steep climb. WGAS has been good recently at putting out PRs, but most of the recent ones have been kinda fluffy. I think it's going to take a PR saying that oil is flowing to get the volume back in this stock and really get it going.
As for me, my sell target is a long ways away! I'll start thinking about it at around .10...but really and truly I'll probably hold for much more!
Hmm...that's weird. Thanks for the reply, Doc! Hope MJNA goes to the moon for you guys.
Nice news and nice reaction to the news also. Here's my question about MJNA:
Why are there only three MMs on the level 2???
Makes it difficult to see what kind of real bid support there is.
Took a position here today, following the big blocks. Saw some pretty sizable blocks going through the past few hours, including a 250K and a couple of 100K+ blocks, all around .24. Seems like speculation will probably push this one up over the next couple of days. Good news on the auction would probably push it back close to .50 again. We shall see!
Well first off, I'd like to say a big "Thank You!" to whomever bought my .003s for .0033 today right before the craziness started! That might be the luckiest 10% I've ever made. Secondly, I hate to see anyone lose money, so sorry to anyone here who has.
We got the filing that Flex said we would, but I don't think it was the one peeps were looking for. This usually means one of two things (as someone on here has already suggested): Either the firm is going private or getting bought out, or there is the possibility of BK.
As for this being a debt-free shell, I don't think so. Consider this line from their latest 10-Q (bottom of page 6 under "Going Concern"):
For the three months ended March 31, 2012, BigString’s consolidated financial statements reflect a loss from operations of $267,307, net cash used in operations of $132,019, a working capital deficiency of $566,630, a stockholders’ deficit of $15,327,131 and a cumulative net loss of $14,847,131.
People need to learn how to read a 10-Q before "investing" in anything. Take a look at the "Debt" section, which starts on page 10.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8631194
Good luck to anyone still in this pos. I'm sure that it will be quite volatile for a few weeks and speculation will abound as to what happens here. Congrats to anyone who caught those .0011s and were able to flip them quickly! I was gone out of the house during the last hour and wasn't able to witness the madness.
DEJ stock honestly is one of the worst pos stocks I've ever owned. I should've known there was a dump coming when financials came out. There always is. I sold this morning as soon as it broke .21.
Steak dinner for you! Congrats. But sorry about your investment...there's lots better stocks out there than this sorry piece of crap. Good luck!
That may be true with big board stocks, but I don't think it holds true down here in OTC land. This stock is an excellent case in point. If you bought in when the first nice run started this year because you believed in the company and held...well, you would have been right back where you started with zero profits to show for it. I think you need to at least take your initial investment off the table when you get up 100% or more, then you can always buy back on the dips. Just too much volatility in the penny market to not take profits when you see them. Holding and hoping doesn't work with most stocks down here.
I don't invest in pennies, I trade them. I learned that mistake the hard way. I like this stock, and will probably be buying it again soon, depending on the action. Good luck to all you longs!
Talked with ihub on Friday about this ticker, and they said they would get their tech team on it. Pulled it up today on their level 2 with no problem. The problem is the nasty spreads, LOL! Not many MMs on there either. Might be worth putting a bid in under .05 or so. It's up over 100% in this past week.
There's no doubt that's part of it, certainly. I've seen some pretty good-sized blocks go through in the past week or so too. We'll know a lot more tomorrow!