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Beware, many of them are rip off artists. Just FYI
........al
Eternal Image trend breaker. Our little company is in the process of breaking 2 major trends on it's way up. The first is the very old and stodgy funeral industry. As some of our more astute investors that know the funeral industry well will attest, things in that industry are very resistant to change and when it happens, it is generally dinosauric in speed. In just a couple years EI has introduced innovative products to the industry, had their products accepted industrywide, and joined the fraternity so to speak. The Ks and Qs will provide the success story in the future. The second trend they are breaking is the uplisting. Since the Enron scandal and the passage of SabOx many companies from very small to very big have gone dark. IOW they have chosen to hide the pertinant facts about their company by no longer filing financials with the SEC. Here again EI has chosen to buck the trend. They have chosen to not hide their business from investors. They have chosen full open disclosure by filing audited financials with the SEC, bucking a trend of leaving the scene rather than complying with SabOx. I see all this as positive altho some would disagree, as is their right on a discussion board. Just posting a few more reasons why I am still in this for the long haul.
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Demand is outstripping supply all over the world. South Africa's production has nose dived. They are no longer the world's largest producer. Physical gold and silver in small investor type quantities is getting harder to find by the week. More and more peoples and even now some central banks are buying gold mainly due to the economic uncertainty in the industrialized world. When- not if - China decides to dump their dollars to increase their gold holdings which by western standards are quite small lookout below on the dollar.
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In the real world it is supply and demand. Only paper contracts are controlling the spot prices of gold and silver. In the real world attempting to buy at anywhere near spot is a fruitless venture. It's backwardation.
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Just a tidbit:
In my many years I have come to a conclusion that one useless man is a shame, two is a law firm and three or more is a congress.
-- John Adams
Hey Basser- if you're looking for a 10 bagger from these levels, you're setting your sights too low.
.......al
couch- I've been playing penny stocks and microcaps for over a decade. Most that delve into this arena last less than 6 months with enormous losses. I've had winners and losers over the years. Luckily for me the winners have far outweighed the losers or else I would have left with the crowd years ago. I discovered this small company about 2 1/2 years ago. I have been buying stock in it ever since. I liked the concept. Since then I have witnessed literally $millions in free advertising. I have watched as management has done it's best, not without a few missteps, to build the company and grow. I have communicated with fellow investors- note I said investors and not traders- that have seen the products and watched them sell out at the most recent convention. I have read in papers all across the country about the growing interest in the products. I have spoken to funeral directors and all but one knew of the products- that was early last year btw. I have determined based on my own dd and reasoning that this is the best pinky stock I have ever seen coming down the pike. I just sit back, relax and sometimes chuckle at the day to day banter. 10 bagger here in the future? If you are thinking that, I do believe you are setting your sights too low. That's my opinion and input for you.
.............al
There are many good things coming from this comp[any in the future. We just have to be patient and wait.
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Agreed. I don't think we have any insiders selling at all. This is coming from somewhere else. NAR in need of fresh capital? I trust them as far as I can throw a building.
..........al
Good point. Anyone not willing to look at both sides and consider opinions in contravention with their own is setting themself up for a big fall.
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Yes, and like yourself I watch the company on this front. As long as the insiders are still holding strong we're in good shape. Dribbles here and there are just a minor nuisance. Major dumps by insiders are a big red flag.
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I am just hoping the pump and dumpers leave us alone. That last one had to have come from NAR, IMHO. They are not healthy for a good company. That's a lot of manipulation right there.
..........al
Don't forget pre split this hit .008¢ with no revenues. That's equal to 16¢ post split.
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With this company, I think time is relative. To someone invested for the long haul a difference in 1/2¢ means little. A trader looking for a fast buck has every reason to watch 1/10¢ moves. It's all in one's own perspective.
..........al
Rising revenues will curtail much of what you suspect. Deep pockets that play the penny stocks already know about manipulation. They also know a viable company with a good product line and rising sales will stop a large majority of manipulation in it's tracks. It just takes time.
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I don't look for "major" revenues as much as "rising" revenues each Q.
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Hey Lurker, I like your anticipations, but I'll keep my feet on the ground for now, LOL.
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The list of worriers grows daily.eom
,......al
midrew- I for one have always appreciated your posts in the past and present. You show sound reasoning and from what you have posted, you have done some digging to support your posts. Now in answer to your latest on the pps vs. uplisting. I have to try and put a damper on your expectations. Uplisting will give a share price boost, no doubt. But don't expect a moonshot. I think many people will end up disappointed not seeing the share price rise to monumental heights after the uplist. I am not one of them. I still see a nice long term gain eventually but that will only come from the Ks and Qs. The uplist is a good thing as it will open the stock to a much broader group of investors. But don't expect the manipulation to stop. There may not be as much of it on the BB but it still exists. Manipulating a penny stock is not really that difficult. Give me 10 traders with some deep pockets and I could manipulate any microcap. It's done all the time right here on Ihub and other stock boards. The sheep with unreal expectations, little experience, and closed eyes get sheared all the time.
........al
We the taxpayer have been scammed big time. Wall street money has be sprinkled liberally over the entire political spectrum. Now they are getting their rewards. And when the unhappy ordinary poor working stiff has had enuff and starts to riot and social order breaks down, the politicians will wonder why. What we need is retribution, big time.
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Hi LC, I think the financials will not be up to a lot of expectations of some. What I look for is incresing revenues on the Ks and Qs. That will make or break the company and the share price. Press releses are fine and give perspective, but those numbers will be the keys. I think everyone missed a good buying op yesterday. I'm not swing trading this. I've got a long term view.
I'll be in Fla next month for a wedding. If you have any pull with the weatherman down there, try and get some cool days mid month. My blood is too thick from the cold northeast.
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Funny how the market makers seem to get info ahead of news releases.
.......al
Goo morning everyone. Looks like the bargain basement of yesterday is closed.
.......al
And thanks for what you are trying to do. Ignoring all the signs of what is going on out here could be perilous.
......al
HH, thank you for the reply. I see the reasoning behind your thoughts and the chart. We at least agree on the long term prospects. .... From what I read each and every day more and more peoples worldwide are seeking gold as the safe haven over currencies being inflated by almost all central banks. As the price drops demand grows, drop it more and demand grows all the more. At some price demand would overwelm supply. I don't know where that price is, but I believe it is well above what your chart is telling you. I am not a chartist altho I have used them at times on stocks. I look and research the fundamentals and do not play short term swings. We may disagree but I do appreciate your input. Anyone playing the investment field in anything is foolish to not consider the downside.
........al
“When you see that trading is done, not by consent, but by compulsion — when you see that in order to produce, you need to obtain permission from men who produce nothing – when you see money flowing to those who deal, not in goods, but in favors – when you see that men get richer by graft and pull than by work, and your laws don’t protect you against them, but protect them against you – when you see corruption being rewarded and honesty becoming a self-sacrifice – you may know that your society is doomed.”
–Ayn Rand, Atlas Shrugged (1957)
HH- I am somewhat curious. How do you arrive at that number? I strongly disagree, but am always trying to keep the other side of the coin in perspective. Thanks
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ROY- that's exactly what we look for. Improved numbers. The company and the share price will grow with those numbers. I've said it before many times. Patience is the key. The company seems to be headed in the right direction, even if the stock price currently isn't.
........al
Hearing good news about a company in which you have invested is always nice to hear. Didn't mean to throw a damper on it. Just wanted to add a little reality. That $100 million statement will come back to haunt this board if a big deal is made of it.
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PLEASE, guys and girls. Let's not get carried away with the $100 million dollar statement. It was an OPINION by a 3rd interested party. Pretty soon it will get twisted to mean it was put out as gospel by the company and the constant question will be asked after each K and Q - "what happenned to the $100 million dollars in sales that the company said they would do?" Get my point?
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Financing is a specialty in itself. It's much better to have someone knowledgable to assist you than tred that minefield alone. I see this as a positive in reaction to some past mistakes. We all make mistakes. The key is to learn from them so as not to repeat them.
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selective development website;
http://www.selectivedevelopment.us/index.html
I have very few hard and fast rules for dealing with penny stock investing. One of them is if Cornell shows up run, don't walk, away as fast as possible. Keep up the good work.
..........al
Just an old quote:
“Owners of capital will stimulate the working class to buy more and more
expensive goods, houses and technology, pushing them to take more and
more expensive credits, until debt becomes unbearable. The unpaid debt
will lead to the bankruptcy of banks, which will have to be
nationalized, and the State will have to take the road which will
eventually lead to Communism. ”
Karl Marx, 1867
I got an email a few days ago from an EW advocate. This man is not a novice and has done EW for years, successfully I might add. He says an 80% chance gold will touch $640 again in the near future. Just FYI.
........al
Hi Basser- don't waste your time looking for a response. ETNL has made some mistakes, but has had a lot more positives in our HO. Consider the source and ignore it. Not worth wasting your time responding.
.......al
Ted Butler's latest on silver manipulation:
The Smoking Gun, Part II
By: Theodore Butler
-- Posted 3 March, 2009
Once again, the recent sell off in silver is explained by the market structure on the COMEX. Once again, clear new evidence of manipulation has been presented. Once again, this evidence is contained in the CFTC-issued Commitment of Traders Report (COT), rendering the source data as reliable.
The most recent COT, for positions as of Feb. 24, indicates another new manipulative milestone. The "true net" concentrated short position of the four largest traders rose to the highest level in history, some 72.5% to 76% of the entire COMEX silver futures market. Not only is this the largest market concentration in silver, it is the largest concentration in any commodity futures market, long or short, ever.
In a moment, I will explain how I derived at this calculation, but first you must understand that four or fewer traders controlling 72.5% or more of either the long side or short side of any regulated commodity futures market is a de facto manipulation. It is not possible for it not to be manipulation. It would not matter a whit of difference whether this was a naked or covered short position, or some type of hedge, as that level of control would still constitute manipulation. Here’s direct link to the current report, dated 2/24 -
http://www.cftc.gov/dea/futures/deacmxlf.htm (this link will change when next report is published on Friday).
This week’s COT long-form futures only report states that the percentage of the market that the four largest traders in COMEX silver hold net short is 46.7%, or 47,461 contracts (101,629 total open interest x 46.7%). That figure of 47,461 is a hard number, so I ask you to save it and set it aside. How can I state that the "true net" percentage is half again higher than that, at 72.5%? I know what follows may seem like over-analysis, but please bear with me. These calculations are intended for those genuinely interested in understanding the structure of this market and the nature of the crime being committed. Apparently, this does not include the CFTC staff undertaking yet another drawn out investigation into the silver market, who appear intent on avoiding the gathering of relevant facts.
The true-net percentage of the market held by any trader or group of traders is defined as the share held of the total open interest in any market minus all spread positions. A spread position is defined as the simultaneous holding of a long position in one futures month and a short position in a different futures month of the same commodity. The profit or loss on these spread positions is dependent upon the change in the differences between the months and not whether the price of the commodity moves up or down. These intra-market spreads do not represent an outright exposure to the price of the commodity, and the gross amount of these positions can and should be excluded from calculations that determine and measure concentration.
In fact, the CFTC clearly acknowledges that spreads are different from regular outright long and short positions, by separately listing the spread positions in the non-commercial category. In this report, the non-commercial spreads are stated as 17,811. By subtracting these non-commercial spreads from the total open interest, the result is a new net (but not true-net) total open interest of 83,818. Dividing this new net open interest into the hard net short position of the four largest traders of 47,461 (that I asked you to set aside), the percentage of the market held by these 4 traders jumps to 56.6%, and not the 46.7% listed in the report. This is an outrageous percentage that proves manipulation by itself. But I’m not finished yet. This is a net percentage holding by the 4 largest shorts, but not the true-net figure of 72.5%. Bear with me, as I’m getting to that figure.
There are three categories of traders in every COT report, non-commercial, commercial and non-reportable. The non-commercial category is the only one in which the CFTC separately lists the spreads, but the other categories also include spread positions - they are just not broken out. It is impossible for the CFTC to break out exactly the spreads in the non-reportable category, because that category is derived by subtracting all the positions of the reportable traders in the non-commercial and commercial categories from total open interest. In the case of silver, the non-reportable gross short position is small enough so that we know there aren’t very large numbers of spreads in this category. But there are, undoubtedly, some spread positions and removing those spreads from total open interest would raise the percentage of concentration held by the 4 large shorts.
But we know there are a substantial number of spreads in the commercial category, even though the CFTC does not break out these spreads. This is easy to conclude, after noting a number of common-sense observations. One, as easily observed in the data, the commercial category is the largest of the three categories on both a gross long and gross short position basis. As such, it would seem reasonable that the commercial category would also hold a large number of spread positions. Further, since the commercials have evolved into being the "market makers" of all markets, when the non-commercials establish or liquidate their verifiable spread positions, it is likely the commercials are often taking the other side of those spread positions on a market maker basis.
This would and should be a easy thing to determine if the CFTC listed commercial spread positions in the COT, as they do for the non-commercials. However the CFTC refuses to do so. In the past, I have asked the CFTC to break out these commercial spread positions in the interest of providing greater transparency to all market participants. I have come to learn that the CFTC is not generally amenable to any suggestion lending to greater transparency, no matter the potential benefit to the markets. Because the CFTC refuses to break out the commercial spread positions in the COT, we must do it ourselves. Fortunately, in the case of silver, this is not difficult to do.
There are a number of methods to determine the spread positions in the commercial category, in spite of the CFTC’s refusal to provide such data on a fully transparent basis. This would be easy for the CFTC to do, as the data is already in their possession and would not violate trader confidentiality restrictions. In my opinion, they just don’t want to release the data in order to protect the commercials. There can be no other plausible explanation why they refuse to report this number. Let me give you one such method to calculate the spread positions of the commercials. Please remember that this methodology is peculiar to silver and is not applicable to all other commodities, due to the unique short concentration in COMEX silver.
We know from the current COT that there is a net short position in the commercial category of 38,231 contracts. Since we also know that the 8 largest traders are net short 53,152 contracts, we know that the raptors (the 9+ commercial traders) are net long 14,901 contracts. By subtracting the 14,901 contracts that the raptors are net long from the 33,232 contracts held in the commercial gross long category, the 18,331 contracts result is the long side of the commercial spread position (there is also an 18,331 contract short leg of this commercial short spread, that I could prove independently).
By subtracting this commercial spread position from the net total open interest of 83,818 (derived after subtracting the non-commercial spread position from total open interest earlier), the new "true-net" open interest in COMEX silver futures is 65,487 (83,818 minus 18,331, or 101,629 minus the combined non-commercial and commercial spread position of 36,142).
By dividing the set-aside 47,461 net short position of the four largest traders by the true-net total open interest of 65,487, the net concentrated short position of these four largest traders is 72.5%. Not only is this the highest percentage of concentration in the silver market, it is, to my knowledge, the highest percentage of concentration in any commodity futures market in history. It is obscene. It is manipulative.
Since the spread positions in the commercial and non-commercial categories make up 54% and 78%, respectively, of the smaller of the long and short gross positions in each category, it is likely that there may be more than 3000 spreads in the non-reportable category. If this is the case, then the true net percentage of concentration held by the 4 largest short traders would be 76% of the entire COMEX futures market. (47,461 divided by 62,487). Is there anyone out there who would maintain that four traders holding 76% of any market is not in complete control of that market?
We can assume that everyone, even including the sleuths at the CFTC, would agree that if a few traders held 100% of one side of the market, that this would be manipulative. Perhaps the CFTC will conclude from their current investigation that 76% doesn’t cause them concern. But we will have to consider that these are the cousins to those diligent market cops at the SEC who saw nothing wrong at Madoff and Company, even after a whistle blower drew them a map of an ongoing crime.
On the day that this COT data was compiled, Feb 24, the May contract traded as high as $14.61. In the five trading days since then, the price has fallen nearly two dollars. There is absolutely no coincidence in this sharp sell-off and the existence of the largest short concentration in history. This was the intended and actual result of the concentrated short position. The sell-off was engineered for the purpose of permitting the big shorts to cover as many short positions as possible, both to eliminate the short exposure on a commodity rapidly approaching a wholesale shortage and to paint a better picture for this week’s release of the March Bank Participation Report, due Friday. The rig was successful. That the silver market is being led in the manipulation by one or two U.S. banks receiving taxpayer assistance only adds insult to the real injury being sustained by a wide variety of innocent participants. If you agree, please let your elected representatives and the CFTC know your feelings.
Hello Irishbull and thanks for maintaining a board like this. I have to laugh. I see many sub penny stocks being pumped all over these boards. It's sad to say but there are a lot of pump and dumpers working the boards. Doesn't take much to spot them. The funny part is most all of the stocks they pump end up right here on your board. Maybe you should rename the board "the graveyard". LOL. Keep up the good works and thank you again.
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Couldn't agree more. Great day to watch ETNL all day long. We are on the fringe of that storm, very little snow, but 0° on thermometer with a 15-20 mph wind. To say it's bitter out is an understatement.LOL. OK so we are ready to watch our stock.
.........al
I am certainly not a fan of what has transpired this past year with the way this company has been run- quite possibly run into the ground. I have to wonder if it was stress that put Clayton in his current predicament. I am not defending what has happenned to the company under his leadership, but perhaps he was trying and the stress of trying and failing was too much. We investors have only lost dollars. Clayton has lost a good chunk of his health which no amount of money can replace. I am still upset about the losses here, but I do wish him a speedy recovery.
.......al