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for what it's worth (and it ain't much!)
http://news.google.com/news?hl=en&ned=us&ie=UTF-8&scoring=d&q=IGTN&btnG=Search+N...
So did you get out today? or do you think we'll rebound from the ensuing dip?
anyone heard from coydog lately? I'd like to hear his take on today's news.
The surrounding properties are law offices, restaurants, etc. This will *not* be an employee's personal residence.
But I have to admit, it's a strange move for the kind of capital they spent on this. I know they are raking in the dough, but I'm not convinced this was a wise business move, and certainly not a wise-looking business move. A purchase of an office-building with 50 offices would've at least told us that they have alot of staff they need to find room for.
But a 3 BD, 2 bath house on the river? I'm not denying that people buy old estates for business use, but this is hardly an *expansion*.
What this does tell us is that they made some money in the past few months. Regardless, foot in my mouth from my first post today....
whaddya mean 'maybe'?
Congrats Phoenix and Pebblers :) while there are not firm numbers here, it is still good news!
One thing is for sure: when the price goes back up (and I am certain that it will), there are alot of people getting some shares dirt cheap. The only thing is that we're adding a new level of resistance at the .034 range.
you might be right, but the stock market, *particularly* the pinkies and OTC, does not follow the company's futures for very long. The point is that Ingen needs investor confidence so that they can take advantage of the trading cycles to generate capital, since they do not have profit yet. They might have a great product, but it takes a lot to make those products popular, and they don't have the capital to back themselves up if it has a slow year in 2006. Now, they have sent a big middle finger towards the investors that *believed* in their company, and they will have to fight to get anyone with serious money back.
The MMs will short sell the hell out of this thing, and Ingen will have no foundation to stand on if they need capital.
keep in mind that Sand will have to produce some pretty amazing financials to get this stock PPS to a point where the R/S would put it over a dollar. .005 * 40 is only 20 cents/share. A R/S with those results will tank the stock for good.
it might show up after the bell...happens alot on E*trade Level II...keep in mind that they can also purchase more at once then your buy. A 200K buy went through at 15:44
someone mentioned on this board or the other PBLS board that Phoenix may be accelerating their SEC filing. There was also a post on the ACHI board at SI a while back (I think it was ACHI) that pointed out that MMs can create virtual shares with pinkies if they want to because the company is not fully reporting. If this is all true, it's possible we're cycling on the low end so the MMs can cover their positions now before the filing occurs...thoughts?
cycle, imho, it's been doing this since it hit its first bottom. There are probably some speculators buying in at the low thinking the filing will give them some gain (see previous posts), and you can bet the company is buying some back on their own. Until a PR (if there even is one) don't expect the stock to make a major run. Then again, my predictions haven't been on lately (IGTN being one of them) so don't take my advice ;)
PBLS price approaching SMA(50)...think it'll bounce or cross?
looks like we're heading down to .025 again...I'm out for now.
One thing is for certain: savvy investors are *definitely* out of this stock, and Ingen will probably never get them back.
Cramer had a show a while back where he sited one situation where a reverse split would work. I don't remember what he said but it had something to do with not being able to report accurate growth due to the fractions of a penny that would result in the stock price. Anyway I remember thinking that it did *not* apply to Ingen, but if someone remembers what he talked about feel free to refresh my memory.
However, I do know this. Many sites do not quote penny fractions in their quotes. For example:
Q1 Q2 = +8% profits
.05 PPS PPS increases to .054
But the quote on CNN money quotes and other major quote sites would still report the quote as .05 (I've had this happen on my stocks plenty of times), so the unsavvy newbie investor doesn't see that growth in the stock. A reverse split would solve that problem, though it is *clearly* not worth a R/S just to solve that issue.
thanks for the update Cowboy....hope the rest of the FL pebblers came out of this as well as coy did. sigh of relief :)
take one down, pass it around, 4 days left to announce his filing.
personally I don't see how one could file on the eve of a reverse split....every investor stands to get screwed here if they buy on the PR and the MMs hold the price down. As soon as the reverse split goes through we can expect the price to drop, the fractional shares will go away and any newbie or ignorant investor will get their finger tips lopped off.
this week my azz...if they do file this week it will be one interesting 5 trading days, but certainly not valuable ones. Sands stood on the shoulders of the faithful and pulled their azzes out from under them. He will do this again and again...and only the 3 or 4 year investors will see any positive return from this, IMHO.
methinks Sands is trying to get Ingen bought out...if the company's products have promise, but the company itself looks pathetic enough, some larger company with better management will scoop it up for dirt cheap, and those of us who helped Sands by investing in his company before the R/S PR will be forced to take a permanent loss when it gets sold off.
yes I'm bitter. Sands told us not to pay attention to the boards as they talked smack, and if we'd listened to the board's bashers talking sense we would've got out prior to the R/S announcement. Lost all credibility as a leader in my eyes.
Of course, Sands doesn't read the boards (according to himself) so he'll never hear us kavetch...maybe we'll get lucky and the R/S will get called off at the last minute.
in the big picture this is a minor fluctuation, and one that all of us should expect with a pinkie.... Remember also that we've not properly retraced from the acquisition announcement (well, except for just now if that counts). We can speculate all day as to why this is happening, but the foundation still remains:
Phoenix's services and resources are in the highest demand probably in the history of the company, and if/when the management decides to announcement revenues you can bet the stock will go way up. When they move to OTCBB you can bet the stock will go up.
Regardless, we can only speculate based on indicators. And disregarding the cycle we went through after the acquisition PR, the indicators point to an upward move.
btw, as I'm writing this we just saw a fair amount of volume on the ask and the price has gone up...I don't have Level II on PBLS cuz E-trade doesn't provide it, but I'd bet there is some decent buying pressure right now.
looks like either alot of people are caving because the PR isn't out yet (big mistake IMHO), or the MMs are shaking prior to the jump...this happened right before the giant leap earlier this Fall.
tleil, you and all the Florida folks are in our thoughts. Hang in there and all my best hopes for you. -griz
quite a few upsets this weekend....but my favorite was the Packers/Vikings game....what an amazing finish for the Vikes! (for those of you who missed it, at halftime it was 17-0 GB, then MN rallied to 20-17, then GB tied it at 20, and with only :02 left on the clock MN's Edinger kicked a 56-yard field goal to win)
It's amusing to me that Google went up more today than most pennies have gone either up or down....
http://www.theglobeandmail.com/servlet/story/RTGAM.20051021.wmathlater1021/BNStory/Business/
clearly my read yesterday was incorrect in the short-term (back to the drawing board). probably have another step down, but I suspect PR anticipation will bring weekend holds buys at EOD
coydog: makes sense. very steady and gradual increases build long-term investor confidence, and I imagine brings in other patient long-term investors. these marginal cycles must be ticking off the day traders..
You have to expect some sell-off after yesterday and today's run...alot of new buyers came in and sold out in a short amount of time. This doesn't surprise me...I debated getting out at .043 to see if this would happen. Not worried about it...we'll see run up tomorrow in PR anticipation
what does it mean when a trade goes through with 0 shares?
Think we'll see a projections PR going into the weekend?
question: why do OTCBBs always have 5K at the bid/ask and yet massive volume goes through? but sometimes ARCA posts 99k at bid/ask....I'm confused.
swami says....go up! (@ .041 now....we'll see if I read this one right)
coydog: use PMs for those you like to post your buys/sells and leave the vague posts for the public. just my $0.02...I plan on learning the hard way regardless :)
-grizzy
1-60 minute charts: has anyone had problems getting 1 minute to 60 minute chart data starting this past Monday? I was getting info just fine through E-trade but on Monday the data just stopped cold...wonder if this has anything to do with the handover of OTC/OTCBB to NASD...
Waverider,
In that case I'll post my upset pick of the weekend:
Jets over Falcons by 3
PBLS just poising, like a spring under a catapault :)....there was a ton of 'sideways' accumulation two days ago, and then a bunch yesterday, and then a bunch this morning. If I'm not mistaken, this is exactly the kind of accumulation coydog looks for, is it not, coydog?
Yeah, I wish I'd bought Apple back in June....hindsight is always 20/20 :)
my bad...I guess my shortening of short-term shorted my already short intentions.
I, of course, meant short-term and long-term. Though, I hear if your credit with the broker is good enough they will allow you to short pinkies...
hmm, perhaps I am using the wrong terminology:
I have stocks set aside for long-term holds, and a set of cash used to ride the trading waves. In other words, I will buy and sell one chunk of cash as the trend changes, but another chunk of cash is set aside for a year or two from now.
hehe, neither....fledgling at best. I don't want to dispel all the 'mystery' (or I suppose I'd have to shoot ya as well ;)), so suffice it to say I'm a small-timer with some initial success, alot of patience, and a deep fascination with the system. Well, that and a hankering for well-brewed ales and Italian food. I'm flattered that you think I'm an MM or a Pro, though. I'd like to think that I've learned alot about how markets work in the short time I've been here, though I confess I don't have the big success to back it up. A while back I made a great play on Americhip (and plan on getting back in it at some point) but got burned by Ingen's reverse split and wasn't paying attention when I initially jumped into PBLS, so I'm about where I started money-wise. I have both short and long positions in PBLS.
I've been considering getting the subscription but for a couple of things: 1) I'm still trying out boards, 2) I'm a sysadmin and was a little discouraged by the recent technical debacle, and 3) I can't justify spending money on something that's otherwise free (messaging, etc). If you want to private message me, just send me an e-mail address in PM and I'll send you an e-mail there.
What about you Cowboy?
and, of course, I was away from my computer at the precise moment...what was the symbol volume this time? I've been trying to keep track of these to see if I can spot patterns
seeing some familiar accumulation during the last hour....this could be big tomorrow!
tough day for alot of pennies so far:
stock % gain
---------------
achi -7.27
amep -5.88
igtn - 11.59
nnos -50.00
ont - 4.11
pbls - 12.00
plni - 4.59
oxfv - 14.89
spzi - 17.39
bign - 19.35
sdna - 9.88
mac44...on the upside, the long-term volume chart suggests a steady increase in buying demand, tapered less and less frequently buy a small amount of selling (which we see today)...by that chart alone it's likely we'll see more buying pressure tomorrow...if we can stay above .034 we'll probably see .04 again.
possibly?