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Looks like I'll be around - at least early.
Looks like a good call on CVM.
SEIH - Cha Ching.
Good luck Bud. Some people claim all buys when they incorrectly assume something's a buy just because it goes through at the ask. Not always the case.
I need a good day this week, LOL. Need enough money to trade the Big Boards - take your few cents a day on a couple hundred thou bucks bet - could live with that.
Watchin' the L2 on it.
Could generate a little run. Not quite got the pop methinks of PTSC, but you never know. Definitely will watch it tomorrow, though it's a little rich for my portfolio.
Heck...I never specifically addressed this guy, LOL. Oh, well...I was on my way to black belt status. Watch out UFC!
SEIH - the big run's a comin'. Watchzzzzzzzzzzz.
Yeah...we wouldn't want to judge a stock now would we, LOL?
LOL...the company wants ya to do all the D&D you can. Why use an IR or PR firm when you can get the pumpers here to do your work for free.
And since I hate pinky pigs...no worry about me going there. I'd have a better chance of figuring out what Ozzy is saying.
Sans commish I'm doing fine, LOL. Still...gotta be disciplined when you trade - much more important than any system you might have.
We'll see. This is how it behaved Friday...but we're nearing that .43 squeeze trigger price, lol.
Last word for ya guy...hate to keep saying you're wrong, lol.
And...there is no such thing as a specialist in an OTC BB stock.
My friend is headed to Cincy tomorrow for the game.
Good luck to all of you though - longs that is. I'm out of here. Just wanted to learn what the buzz about the company was. Be blessed.
"If this goes nowhere on high volume monday, expect to see 29cents again. It will be a long couple of years ahead."
You have an even shorter time horizon than me, LOL. Maybe a fair comment though. News of this kind should have moved the stock more; however, it was the end of the quarter - the first quarter more importantly. Many people, more importantly market makers, busy closing the books. I'm far from a conspiracy type, but MMs go short quite often (for short periods of time) in the ordinary course of business.
You're correct in bringing that point up. Very few of these spinoffs by penny stock companies to their shareholders end up amounting to anything. Cash is king. If the companies are doing so well - as part of an integrated whole - keep them there. Just an opinion.
And yet you argue that a share price increase brought about by a wonderful R/S is better? Again, though I'm not posting anymore studies, history goes against that argument.
Plus, it's commmon sense. A company, for example, that someday wants to pay a cash dividend to shareholders (not suggesting this one) saves itself a great deal of money by reducing the equity in the public markets; not to mention that shareholders who do not sell back to the company - all other things being equal - get a higher ROE. Them's the facts.
I've never really been concerned with how NEW shareholders who buy AFTER the split fare. It's the OLD shareholders who get hurt. And the point was not about what specific stocks in particular do. The studies say 3/4 fall on avg. 44% (for small stocks) three years after the R/S.
Last word on the subject for me. Some companies do survive and do well after an R/S - roughly 1/4 of them. But I usually bet with the house on these matters. Of course, most people playing the pennies are gamblers anyway. So good luck to us all, although to quote a fairly good trader "hope and luck shouldn't be part of the equation."
If managements are so concerned with their O/S bases there's a remedy - the buyback. If NMKT has turned the corner and can generate 4MM or more in NI going forward for three years or so they can easily solve the problem w/o the harmful effects of a R/S.
Keep believing that if you wish...let me post the contents of an article below to demonstrate that history is not on your side of the argument...
"Pay attention, because these desperation plays, known as reverse stock splits, can signal sharp declines ahead that could wipe out a good part of your wealth.
A reverse split is simply a maneuver to get a stock up above $1 and thus free of the danger zone that gets companies booted off an exchange. Managers typically cobble together as many shares as it takes to get one share worth more than $5 to win their reprieve.
Though the intentions seem sound, it’s better to look at a reverse split as a flashing red light warning that you may need to kick a stock out of your portfolio. As many as 75% of all stocks wind up trading lower after a reverse split.
Investors who failed to sell shares in several reverse splits in just the past few months have seen their holdings get hit by 60% or more in no time, despite the overall market strength.
Big losses
Internet-strategy consulting firm Razorfish (RAZF, news, msgs) narrowly clung to its Nasdaq listing with a 1-for-30 reverse split last July. The move readjusted its share price up to about $5 from less than 20 cents. Since then, the stock has drifted down 67% to $1.69. Click Commerce (CKCM, news, msgs) lost 63% in the three weeks following its reverse split in early September, trading down to $1 from around $2.75. Likewise, Holiday RV Superstores (RVEE, news, msgs) shed around 67% to trade under $1 from about $2.75 less than two months after its early August reverse split.
Other companies recently launching reverse splits -- or mulling them – include AT&T (T, news, msgs) and many of the other former high-fliers trying to repair the damage suffered since the market bubble burst. Palm (PALMD, news, msgs) and fiber-optic component maker Stratos Lightwave (STLWD, news, msgs) have recently resorted to reverse splits. So have Internet software providers Commerce One (CMRC, news, msgs), Verticalnet (VERT, news, msgs) and Docent (DCNTD, news, msgs).
Some companies using reverse splits will survive and prosper, of course. But on average, shorting them can bring gains of up to 37%. That’s how much, on average, stocks tend to decline by three years after a reverse split, according to academic studies. (Investors short stocks by borrowing shares, selling them and replacing them later at a lower price.) A good portion of that decline often happens in the first few months.
Smaller companies -- or those under $500 million in market capitalization -- tend to do the worst. On average, they fall up to 44% three years after the reverse split, says Crocker Coulson, of the investor relations firm Coffin Communications Group. Reverse splits are harder on Nasdaq companies than those listed on other exchanges."
Article is from 2002 but still very relevant IMO.
Silly to suggest an R/S. More often than not it destroys companies...and converts are adjusted for it, so there's no point.
Somebody just bought 211K shares of NMKT. Not bad.
NMKT...looks pretty darn good. L2 not bad either. NI for a penny, LOL. Sweet.
Burger King - another stinky IPO coming to market.
Think we missed a good small stock. Too much up in after hours trading. Not a Cramer pick but I liked the news...seems like it's setting up to report a great next quarter...HDTV: closed at 2.87 - up to 3.5 though in AH.
Will watch it Bud. Going to be around after all?
Not one to play the one-up game...but I told people to avoid that scam ITWJ. Of course, they only shot at the messenger. Seems like a slow day Bud; people enjoying the day I guess. Sweet move yesterday on the EWJ. Haven't seen it today though. Nikkei hit like a 6 year high I believe.
Think I'd like a subscrip to that Trader Monthly someday. Story on TB Pickens. Only made 1.5B last year...poor fellow. Think he should change that B from Boone to Booyah.
Any lunchtime pullbacks Bud?
Looks good. Stock ain't reacting. I looked at LTHU and NXPW. Cound't get excited about the L2 despite the little spike in NXPW.
I'm away until 1130 Bud. If I miss something use the Bat signal.
So far so good with the AMCC. Is a tight L2...pretty much is for most of the NAZ and NYSEs.
Nice recovery for VPHM. In my fantasy portfolio I pulled the trigger at 10.06 or so, LOL. Easy to do that with free money.
Sometimes. Sometimes there's a delay. I think the EFSF trigger was .32 so a nice winner there.
will watchem all Bud. I agree with CYBL - watched it closely today...release news of a potential 5MM deal and you go nowhere. What's Shake say...puke, lol?
I wanted to hop onto SCLL but just couldn't get any leverage: half my money isn't settled yet...you could've made some good money today. Had a nice pullback from .72 to around the .65 range...then recovered a while later.
L2 was just ugly on that all day Bud. Didn't jump in. You had pretty much the following...although you did have a 4 on the bid for just a second.
.035/.04
.031
.03
You just didn't have any bid support...doesn't mean it won't stay at the inside market, but in a flash the MMs can take your shirt.
Sat that one out Bud. Just couldn't get motivated with the 2nd and 3rd tier L2 guys. Not that that always matters. Were alot of people on the bid at .022 and the volume had slowed down. Was afraid to get some action the MMs might lower it down to that.
Email Bud. Yeah...funny...I just looked up some info about it. Can't really believe it's at that price. Back earlier in March signed a 12-month 5MM revenue agreement supposedly.