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Stay on the sidelines and bash all you want. Flippers here are making serious money! Myself included. WOW!!!
Also, the market makers can see all the stop loss orders and take them out if they want to (they make their money on trading volume so any volume is good for them, whether it be selling volume or buying volume), then run the price back up after doing so. That's why I prefer to use mental stops rather than actually place a stop loss order. But unless you have time to watch every tick and be quick to pull the trigger, it's best to place the actual order with your broker. Just my two cents.
And sorry for not being on the current topic. I'm about a day behind reading all these posts. But I hope to catch up today.
I disagree. There's no reason that a trader or investor can't bet against a stock appreciating in value. And they're not borrowing the shares because they don't have money, eventually they'll have to cover ... but they're hoping that when they do cover it will be at a lower price. But shorts do get burned too. I'm speaking from experience LOL.
I short stocks and buy put options on stocks frequently. I prefer buying puts vs selling short if I think a stock is going down, but I do sell short when the put prices don't seem reasonable.
And I don't particularly like my broker loaning my long position shares out to others who want to short them, but that's just the way it goes when your shares are held in street name, rather than certs locked away in a safe deposit box.
All that said, I can't short a stock that trades under $5, but I'm not a hedge fund either. And regarding NAKED short selling, well that's just outright stealing and a crime that needs to be stopped. But unfortunately, there's always going to be fraud in the stock market. Where there's money there's greed, and where there's greed there's crime.
Even with all those shares multiplied by the current share price, the current market cap is still very, very low relative to what it could be IF they ever get FDA approval on a major cancer drug. Market cap could be in the billions of dollars IF that ever happens. Note, I did say "IF". Not pumping, just stating my humble opinion.
My guess would be zero.
That must have been a really fat finger. Typos not good when doing order entries.
"... CC are updates and forward looking agenda that has already been in the public domain, not anything of real NEW news can come from a CC and that would go against SEC rules... Any veteran investor would know this..."
That's a bunch of BS Varok, and if you're a veteran investor, you know it is.
If a conference call was a scheduled call and open to the public via phone, webcast, etc., (like this one was) a company can make any new announcement it wishes. Most likely if they mention something new during the conference call, they'll follow up with a press release and a 8-K filing. Companies do this all the time. The SEC doesn't have a problem with it!
http://www.sec.gov/rules/final/33-7881.htm
4. "Public Disclosure" Required by Regulation FD
Rule 101(e) defines the type of "public disclosure" that will satisfy the requirements of Regulation FD. As proposed, Rule 101(e) gave issuers considerable flexibility in determining how to make required public disclosure. The proposal stated that issuers could meet Regulation FD's "public disclosure" requirement by filing a Form 8-K, by distributing a press release through a widely disseminated news or wire service, or by any other non-exclusionary method of disclosure that is reasonably designed to provide broad public access -- such as announcement at a conference of which the public had notice and to which the public was granted access, either by personal attendance, or telephonic or electronic access. This definition was designed to permit issuers to make use of current technologies, such as webcasting of conference calls, that provide broad public access to issuer disclosure events.
You know how you can tell if a CEO of an OTC stock company is lying? Watch their lips. If they're moving when he/she is talking, chances are they're lying. My opinion only.
Well maybe a few saw GENTA dropping rather fast end of day yesterday, got nervous and sold. Panic selling if you want to call it that. But I think the majority who sold were simply trading smartly and taking profits.
The way I look at it, a 100% increase in price in just a few days on no news is a gift from the trading gods. To put it into perspective, one would have to hold a bond with a 7% yield 10.3 years to realize a 100% profit.
I just sold off enough of my GNTA @ .0209 today to get my original investment out, plus buy/sell commissions, plus net a 25% profit. Leaving my free shares in till the cows come home. At least I can sleep now knowing that I locked in a net 25% REALIZED gain (much better than the paper ones that tend to vanish) regardless of even if the bottom falls out. And should this go to 15 cents per share, I'll still be participating by riding the wave with the casino's money! It's nice to be in a win/win situation for a change. Nothing to lose now, but possibly lots yet to gain. Good luck to all those who are holding out for more. Hope you get it! To da moon Alice, to da moon!!!!
Nothing wrong with shorting stocks, I'm short everything in my non penny stock portfolio at the current time. Most recently RT and ZLC. Nothing in my opinion to support the bullishness on Wall Street at the present time. I look around with my own two eyes and just don't see it ... at least where I live in CT. But I'm long GNTA as of yesterday, and long all the other penny stocks that I own. How does anyone short a penny stock anyway? I would love to be able to short penny stocks as 99% of them usually end up dropping 99% in value in a year or two, it would almost be like guaranteed money. With these you need to get in and out fast with every opportunity. Buy and hold strategy doesn't work here. Doesn't even work on the blue chip stocks any more. I see maybe 1.2 cents in the not too distant future for GNTA, and that's why I'm here. Hoping to make a quick buck, and if I'm wrong ... oh well, easy come easy go.
Best of luck to all.
The last of the Mohicans running for the hills.
You already told us that. But thanks for the reminder.
You're busy alright ... busy pumping this POS! Hey, and guess what? I know something you don't know about UPDV. Something HUGE, HUGE, HUUGGEEEE gonna happen on July 17, 2037!!! Just hang around and see! BUY, BUY, BUY ALL THE UPDV YOU CAN!!! LMAO! See, we can both play this game koko.
A 6 cent trade took FFGO down 50%. I can understand a 60 cent trade to buy a White Castle hamburger for lunch, but what does a nickel buy anymore?
I love your conspiracy theory stockster LOL!!! I guess I'm not normal either (but I never claimed to be, but that's another topic for another day). I've invested in penny stocks before that I actually investigated in person. I haven't done so with Hunt Gold, but some people actually do throw 10G's or more into penny stocks so they take a more proactive approach with their gamble. Not all of us just play around with 50 or a hundred bucks.
But investors aren't buying anything anywhere. The whole market is oversold. Lots of babies being thrown out with the bath water these days. All ships tend to go up or down with the tides.
Why bother? When oil was at $80 last October UPDV was trading at $0.0005, half of what it's trading at today LMAO! Give it up bro!
Koko, you might be right about 35 cents a share soon. They're about due for a 1 for 350 reverse split. My guess it happens within 3 months.
He may or may not be doing great things for the company, but at the expense of shareholders (it's the UPDV tradition, the dilution and max time frame charts don't lie). But even IF the company is doing great things (which I sincerely doubt) who gives a flying flip?
When I purchase a stock, I'm just interested in the stock appreciating in value to benefit myself. To hell with how good or bad the company might be doing, I couldn't care less.
This stock is, always has been, and always will be a dog. And with oil sub $60, it's toast.
My opinion of course.
I can't argue with you there.
But people still do it, and if enough people do, the price should appreciate. How many wishing wells do you walk past with no coins at the bottom? Now that's throwing money away with a 100% chance of no return, yet people still do it. That same quarter thrown at HGLC will get you 2500 shares. Still no guarantees there'll be a return on the investment ... but the odds are better I think.
Though a website might be nice for Hunt Gold, I don't see what the big deal is. I guess I'm too old. I bought and sold stocks before there were such things as the Internet and web sites. Yes youngsters, there was a stock market even back then, and stocks went up and down just like they do today.
What year?
If the spammers can walk away with millions, why can't others like you or I follow their lead? The more spamming the merrier in my humble opinion.
I realize that. But who believes unaudited financials ... especially those of a pinky penny stock company? I certainly do not. I was born at night, but not last night ;)
Do you really believe that an SEC investigation of HGLC will be beneficial to anyone (including you supposedly) with a long position?
In my opinion, no one in their right mind would contact the SEC and recommend to them that they investigate a company that they "really" hold stock in. My guess is, you already sold your shares along with Benny. Maybe after I sell I'll contact the SEC too. But I'm going to sell at a LOT higher price than the current PPS ... so it may be a while before I do any letter writing LOL.
Buy low and sell high like the minority of investors/traders do. That's how you make profits! If you follow the herd mentality of buying high and selling low you'll never make a red cent.
Just my humble opinion.
I disagree with you goose.
HGLC will get it's bid back, and long before a reverse split. "Always" means for an eternity you know. We'll see who's right. Bet I am ... and I will remind you when it happens.
Agreed.
The lack of reading comprehension skills on some of these boards amuse me. Go HGLC! (Trying to keep on topic LOL)
If true, who cares? Money can still be made. Trade pinkies, don't marry them.
Nah, we're not talking a cash dividend, we're talking a dividend paid with shares of stock. You won't have to pay even a penny in taxes unless or until you sell those shares. Go to the IRS's website and look up the difference between realized and unrealized gains.
Maybe Tufan, the same types who were willing to pay 0.0009 for this "shell with no assets" (your words, not mine) the last time around......
There always has been, and always will be fools and their money (look at me, I'm proof). When one departs this earth, a new one is born. It's a beautiful thing. Stop pondering and start capitalizing!
The stock market is all about the transfer of wealth ... from one man's pocket, to another's. Lumb is a capitalist, but there's no reason why he has to act alone. If you can't fight 'em ... join 'em.
JMHO
Probably because UPDV can't find an auditor willing to put their stamp of approval on this convoluted mess. And it's probably such a nightmare that any auditor worth his salt would have to charge well in excess of 100K just to get it sorted. And then UPDV's probably thinking, "Why pay 100 grand (something that we don't have in the first place) to some lousy auditor just to prove to investors that we're in deep doo doo?" It's a lose/lose situation. So, if there's nothing in it for them, why bother?
I haven't really done any DD on him as I've been out of this stock prior to his tenure. But I don't think it's possible that anyone could be any worse than Kamal ... so this change can't hurt.
Take the zero to the left of the 2 off and I might consider selling a few shares. Just curious ... have you ever traded penny stocks before, or are you always this conservative?
I agree with Prisoner. Why settle for measly 100% gains after all the risks you've taken when you bought in? Think about it, 95% of penny stocks never amount to anything. My mind set is 10 bagger or nothing on stinky pinkies. Buy a bunch and hope that 1 out of 20 is a grand slam.
Just my humble opinion. But it's your money so do only what you're comfortable with. No two traders or investors are the same.
LMAO! Surely you jest! For every $10,000 of this you own today, future value will be $100 three years from now ... and that's if you're lucky. The historical charts tell the whole story of this con job. Pull out whatever you have left in UPDV and put it all under your mattress ... you will thank me later.
Am I a disgruntled UPDV basher? Yep. I've earned the right to bash this. I gave Kamal over 15K of my money last year. Seems he took the money and ran LOL! But it's my own fault, I gambled and I lost. But I can at least take comfort in knowing that I'm not the only one that got took to the cleaners by UPDV. Everyone who has ever held this lost. This stock has reverse split 1 for 1,520,000 since October 11, 2000 (in just a little over 8 years LMAO!). And after each reverse split the price came crashing back down.
Split History:
10/11/2000 1:20
11/17/2003 1:76
07/11/2005 1:100
05/12/2008 1:10
And you're going to retire on this?! I don't think so. Multiply the current price of $0.0016 by 1,520,000 and you get a price per share of $2,432.00. So in other words, for every $2,432.00 you had in this on 10/10/2000, you'd have just 16 hundredths of a penny today!!!!!!!!!!!
I'll help you conceive the number 5 trillion. Here's a fun fact: If you placed 5 trillion 6.14" dollar bills end to end they would extend over 484.5 million miles, or the distance from the sun to Jupiter.
The laws of supply and demand don't apply to manipulated markets. Take gold for an example.
But you have the right idea. Don't waste your time with DD on penny stocks such as HGLC. The dart board approach works better in my opinion. It takes emotion out of the equation.