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man sick, does it really warrant 50%+ drop? got absolutely smashed on this today
yep. its a buy all dips and add play now IMO
hindsight always easy
nice job
need to get a good options account open. 12.5s and 15s seem way too pricey. maybe get 10s around 2.50 few months out, would think good for double/triple.
haven't done dd, just playing the chart. Had a few quick flips of washes this week but thinking buying a few to hold once it breaks out of that channel.
pot stock that never did anything and has no trading history. Now dropping like a bad promo gone wrong. I'd stay far away for now, am sure we'll be loading .10, .05 and biting our nails in coming weeks.
yeah figures
still trying to clean up puke from this one. had over 1.5m .051-.052 avg barely made anything
think its time to start preparing for summer soon. Need to build a watch list of 20-30 most bloated pigs out there and start nibbling small puts.
Not ready to call market top yet and probably will stay away from shorting indexes for now but feeling like its time for select individual stocks. Will work on a list and post what I find over next few days. If you got some picks or anyone else reading here post away.
hah sweet man. Yesterday bought a few .0035 then put some bigger bids out and got whacked for like 16m+ lol got spooked a little, dumped some off but did hold 11.3M overnight. Sold some early but did get .0045-.0052 on most.
Between me, you, ryan and a couple other guys I know we had most of the volume sub .0036. Nice one as everyone banked big. Now we cry at .008 tomorrow.
being 80% and 90% down in this scenario is .0005 or .001, heck of a round up.
your math doesn't add up. you couldn't have been down 90% and sold 100% gain.
sorry to hear that :(
haha yeah it is a rare hold but don't have much.
been well, making good progress after last years fiasco.
out for .20-.25 on most kept 1k for kicks
hmmm PLUG 5.65? nabbed some there
hope markets hold up and go crazy for another 2-3 months. going into summer will look for 6-8 stocks that are up huge on hype and have little cash on hand. Think will just get some cheap otm puts couple months out. If markets finally break should bank, even if they keep going likely break even as every time tried doing this before would always get one or two that'd crap out big making up for the others.
yeah Southridge will be buying those shares at a big discount and dumping them to suckers in open market. There are 20,000,000,000 new reasons why this will go down lower.
well with 20 BILLION new shares out I would think they'll use future news to dump into buyers. They had no problem killing the momo after monster close yesterday so it would be right this managements alley.
down 36% here for the day but it has only traded at these levels for barely one day and stock up 3,000%. likely much bigger pain coming. Heck this was trading 100,000,000s under .002 just yesterday morning, it'll likely go much lower than that soon.
smart man, can't go broke locking in profits. my overnight shares are freebies too but evaporating gains are never free in my book. goodnight
monster gains from .0002, even with 25-50% haircut would still bank huge. good luck.
are you trolling?
been trading otc/pinks for 15+ years and 99% of them work the same way. Even if this was already was a viable and profitable business registering that many shares can only mean one thing. good luck
nope, not on retail end. MMs might be able to do some swaps between themselves but there are no ECN trading on PMCM.
appears 5B OS was basically maxed out and they want to sell more while the getting is good. They don't want to convert their preferred shares because thats what keeps them at 50%+ voting power so they increased AS by 20B. Why co's in OTC/PINK land increase # of shares isn't a big secret, 99% of the time its because they want to sell free paper.
hindsight always easy. I'll be moving early tomorrow am with my small overnight shares and will stay away unless big tank and then only for a quickie bounce play. good luck to you too!
yeah its anyones guess. think you have an idea what my educated guess is after doing this since 90s.
think problem is those shares won't be converted at .0046 but at a HUGE discount.
yeah but what makes you think PPS will go higher when there is going to be a boat load new shares at .00001(note FOUR ZEROS) cost being sold in open market?
actually no, I am pissed off long. traded 100M+ shares today(owned 3-5M and 7-10m shares many times during the day for small .0001-.0004 flips). out all those long ago in day trading account. have about 1.5m in back account .00315sh avg. luckily only held small, last bigger trade had 7m+ rebuys .0037-.0038 that were sold .004-.0042 and was bummed about not holding. glad now. wish had ability to short this tomorrow.
Tuesday, 02/18/14 05:34:04 PM
Re: gdog post# 1272
Post # of 1285
man what a crazy market this is. holding some PMCM for tomorrow from .003 and some adds .0038. Sadly sold trading account big shares .0031-.0032 from .0028sh. rebought smaller few times for some flips but oopsie, had over 10M
well there are definitely a lot of amateurs, hoping they give me a descent price on my sells in the am.
its irrelevant what high or low it reaches. note where I said averages out for next 2-3 months.
your answer is right here "presently in negotiations with private investors for equity capital which would potentially enable Primco to repay all of its convertible debt and improve its balance sheet."
50 dma still needs 400% run for golden cross and price for next 2-3 months would need to average out above .0024 for that to happen.
nothing is ever for sure but given company is increasing AS by 20 billion likely scenario isn't hard to figure out.
what do you mean there are no shares left to cover? Every sell on ask = shares available to cover.
it'll be interesting indeed. have a feeling it'll be like a rerun of olympic downhill skiing.