Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Free Money. You following me around or something lol. Just kidding but first GDSI and now URBF. I bought both of those in the teens. GDSI last week and URBF yesterday. You seem cool/knowledgeable from talking to you a bit last night on the GDSI board. Maybe we can chat from time to time.
Anyway over a month ago I identified 3 OTC QBs with very good bounce potential. The 3 were GDSI, URBF, and FROT. All of them at the time I did not think were ready yet (this was in early - mid September). I thought each could have a teaser bounce but thats it but big runs later. URBF actually did have a big run a few weeks ago. GDSI I nailed as it did have a teaser bounce weeks ago but just now had the big run.
If you take a look at FROT I have a hunch that one might be next. Same kind of share structure setup and chart setup as GDSI/URBF. Very quiet over there. I like that because buying is usually quiet. It had a teaser bounce a few weeks ago. I made 50% on that teaser bounce but I should have made more. I had a dumbass moment that day. Anyway I have been waiting for it to gt back into position and I think it is getting close. I have been trying to buy 15/16s since yesterday and hard to get filled.
Have a look if you like. I am totally independent. I have a good full time job and trading is a hobby/supplemental income. I am my own man, not part of any group or anything like that. I don't pump or bash and I don't have time for any crap like that. I stay very busy with wife kids and work and trading. I'm just giving you a heads up on FROT because I actually mean what I say and I actually do think it is setup to be a repeat of URBF/GDSI.
As I said you seem pretty honest and cool and I don't associate with a lot of IHUBers but I do like to talk with some decent people to do some give and take and mainly throw prospects back and forth.
Best wishes to you, take care.
Yes you are correct. He has made higher offers in the past and they did not happen. The reason given in the past for the deals that did not happen was that he could not secure the financing needed to buyout at 5.25 a share or whatnot.
He is a very wealthy man though. At 1.75 he doesn't need financing. That is a big difference. Also the law firms are looking into if the offer in the past was bogus just to get the pps higher. Maybe it was maybe it wasn't. The reason that the company gave was Sillerman couldn't get the needed financing. If however it was bogus then IMO there is no way they would try it again with law firms already investigating the buyout that did not happen before.
In my opinion I believe Sillerman's offer is real and genuine and if the BOD accepts Sillerman will go through with it and have a done deal. Also again at 1.75 he doesn't need any financing like he would have needed last time.
Yea, might be true.
The only current public information is that there is one offer for a minimum of 1.75 a share. People can come on here and post whatever they want and dream up whatever they want. The fact remains that the only offer that has been made pubic is for a minimum of 1.75 a share. Unless or until more public information is put out that is that.
If anyone wishes to post anything other then that offer and tries to pass it off as fact rather then opinion then I fully think they are full of it. If you wish to state something as fact then you need to deliver with facts/evidence to back it up.
Short bus. Can we try and get another law firm in on this (if there are any left) and another downgrade please. I would like to make another 100%.
I have noticed in the past that I have seen many stocks that were severely oversold and looked bottomed out all the sudden have law firms "investigate" and downgrades come. Then frequently the stocks would go bullish. When I first bough SFXE for example a credit downgrade came and so did the start of these law firms. The stock was in the 40 to 50 cent area mind you. It really is very common once I sit and think about it. I guess law firms are good at calling bottom. Who knew lol.
Ok so I see they have until April 12th to regain the 1 dollar minimum bid compliance, so basically 6 long months and since the bid has closed over a buck 4 days in a row now the stock is already very close to regaining that compliance. Good to know thanks.
Ever since that first firm came out awhile ago with their "investigation" the stock price has doubled. That is when I first bought when one of these firms started their investigation. I have made a good amount of profit so law firms putting out PRs doesn't bother me. Maybe I can get another 100%
I would want them to announce something so that all these buyout rumors that are all over the map all over the internet get toned down some. Decent people who wish to trade honestly like myself need to hear from the company.
There are rumors about 3.75 a share, 3.25 a share, 1.50 a share and then there is yours of 50 cents a share. Your quote below
"they haven't received any buyout offers for the whole company greater that $0.50 per share?"
The thing is that nothing has been made public. The only thing public is Sillerman's offer. In all all the public has is Sillerman's offer and a bunch of people throwing out rumors and numbers. The company can at least somewhat address that and I would expect that of them.
As to your 50 cents, I suppose you have inside info or something? That would be a no no to trade on that as I am sure you know but to be honest you are probably full of BS and are just trowing something out there.
This afternoon I have read a whole lot of rumors on social media/message boards. I just called the company and told them they need to put something public out ASAP.
Took some gambling money and threw it in here. Mr. chart says bounce time IMO.
You don't know that at all. You are just speculating on both of your points. Your opinion is no better then mine. You may have an idea of what deals might be out there or a decent guess but you don't know for sure. In reference to your post below.
"Sillerman's $1.75 cash offer, just like his two other offers, is never going to close and that there are no other offers at greater than $0.50 per share."
Now look like I said, I am free riding with my investment money back and profits in the bank on SFXE. I can afford to be wrong on my opinion. I hope for you that you can also afford to be wrong as well. This thing could plummet and it wouldn't mean much to me. If on the other hand your opinion is wrong (about potential offers) will you be able to handle the pps going up and at what could be a great cost from where it is now. One offer is on the table that the public knows about and 1.75 is greater then 1.17. In your opinion you think that deal will never happen but again your opinion.
If you are willing to make a bet then hey it's your money. I just think it is very risky to play this short at this price UNLESS one has already covered to a point to where they have their investment money back already. That's all I'm saying.
Share price has been over a dollar 2 days in a row now. 8 more days and SFXE regains compliance so big woop about the notice. Also they have until April 12th to regain compliance so big woop again about the notice. No one with any experience at all is going to give a damn about that notice because it effects nothing at all. You might be able to scare some rookies though. If they are stupid that is.
I am surprised some shorts did not cover before close. Very risky for them not to have. Shorting in pre market was smart or at open was smart. I get that. I don't get not covering late in the afternoon though. Way too much risk not to have for my taste. The right kind of rumor or plan or PR or whatever could come out and be a huge risk to shorts. A failure to maintain a minimum bid pps notice which effects nothing right now isn't going to help shorts at all. Good luck though. You might need some. One could have shorted at 1.50 and had plenty of opportunity to cover at 30 to 35 cents less a share and lock in that profit. For those that chose not to do that I have to say is bewildering to me.
Maybe I will be wrong though and since I am playing with profits I can afford to be wrong. For a short I would hope each short was smart enough to cover to an amount to at least get their investment money out.
I hate gap ups, always sell into them but high of day yesterday was 1.15. There are differences of opinion about gaps but my personal "gap fill" is once it retraces back to the previous high of day. I don't usually care about the previous close. Yesterday's close was 1.04 and HOD was 1.15. We'll see but probably why it has bounced off 1.15 I think 4 times now.
Shorts need to cover in the next 15 minutes. I would be floored if shorts did not go after this thing this morning. I know they did. Shorts are not stupid (usually). This should have been sold or shorted this morning and bought back or covered at the GAP fill. One offer already out there and 1.75 > 1.19 (current pps), no matter how anyone wants to spin it.
Thanks, and there are plenty of fish in the sea so if one doesn't wish to re-enter like I did earlier then I wish them well on which ever fish they do catch.
Have a good weekend.
Yea, I don't see why it wouldn't go higher. Stock price now 1.21 and a offering of 1.75 minimum from CEO and up to 2.25. Then there could be other offers out there as well but if not then at least 1.75 per share. Last time I checked 1.75 > 1.21.
Sillerman is looked at as kind of a character. The last deal didn't go through because of financing etc, but IMO I don't see how a deal isn't done this time. I bought back with profits so I'll just hold this now and see what unfolds from here.
Was here for a little while. Average per share 48 cents. Sold for 1.50. Bought back again just a bit ago at the gap fill of 1.15.
1.75 is the minimum that a shareholder will get from Sillerman's offering. Last time his offering at over 5 bucks he needed financing. He doesn't need it this time as the offering is lower. If there are other offers out there then even better but at worst case 1.75 a share from Sillerman. I was very happy to buy back some shares at 1.15
I added at 3.07 myself to what I had already bought yesterday. I agree with you as well. If short bus wants to delay then big deal just flip until they reach the end of their rope which eventually they will reach. They always do. I've seen it take days, weeks, a couple of months before but they always reach the end of their rope eventually.
Short bus will try to delay. They have the ability to delay but they can not stop it.
Short bus will try to delay. They have the ability to delay but they can not stop it.
I got a chunk of this yesterday. It looked ready to me. Today should confirm IMO.
Cool, good job, I did about the same on VAPE. I like HEMP but yesterday I jumped into CANV instead. Also I know it isn't under 5 bucks but I bought some GPRO.
Yep already did.
Hmmm, elections coming up soon. Got a feeling the weeds might get some loving ahead of elections. Nothing major but maybe a little loving. I'm hunting for weeds that are pinched with a decent share structure.
HEMP looks pretty good man. SIPC have a look at that one too. I just put it on my prospect list.
Hey that's still really good. I thought there would be some resistance today at 4.20 or so but nope. It blew past that. Now it will battle the 20 day moving average but I think it wins the battle and marches on. We'll see I guess.
Well that's fine with me. I just changed my profile pic so there you go.
Your boys have to play the Cards now and my boys play the Royals, both teams from Missouri so there's that.
VAPE is looking good. I agree with you.
No kidding. I'm up 1.90 a share now. Last week I hit on LINC this week I hit on ZINC. I need to find more stocks that end in INC the way this is going.
What's up man? Ol duckman backed to 9 cents I see. Nice because I really dislike seeing him as you know. Big mac doesn't bother me that much, he just backed up a bit too. V dump and duckman are the two I really dislike. Neither are around at the moment.
I thought I would swing in and say what's up. Looking pretty good here. I picked some up yesterday afternoon.
Good call Brittany on Friday. Very impressive. Actually the pulse you have had on this stock has been very good. I was wrong Friday. I thought that continuation would occur this week. I don't get it wrong very often, been playing penny stocks for a long time but I got it wrong alright. Gave you a following mark.
I like what I see here. Very strong buying day with very heavy volume. Daily looks good for a pop and a bullish candle pattern formed today. Will look for confirmation.
Agree!
Thank you, good to be here Optimus.
It's on like donkey kong IMO. I'd rather not see a gapper though. Nice and steady upward like SFXE, LINC, HART, LEE etc is the way to go.
Jumped in today @ 88 cents. Had been watching for a little while and I think it is time. Bullish reversal end of last week looks confirmed.
Thank you 514. I have done pretty good here and am very happy with SFXE since I have been a shareholder :) Those law firms are stupid! Buyout rumors are now dominating the stock. I was counting on that to happen.
Yep been watching it for a week now. You know me well.
I took a small nibble Friday. I am not convinced yet. Shorts are deep in this. Certain indicators show it and so does regsho. When this is the case the chart needs to be skewed to the extreme. By my standards and what I look at the "extreme" could get more extreme. I can not confirm yet.
To Blind John's point, yes this is the same type play/chart/situation as LINC. I was in LINC as you know and I bought at almost bottom around 20 cents average. RCAP is not quite to the extreme that LINC was at. It is getting close though. FYI LINC shorts were/are piled into it. Also regsho so skewing the chart to the extreme was important for a successful trade.
Take care bother.
No not that pinch. The bottom bollinger actually came back on the chart on Wednesday Sep 30th. You can barely see it on the chart but it is there (0011). The following day (Thursday) the pps came down and said high to the bottom bollinger and then the bottom bolli gave the pps a kick in the butt. The bottom bolli came back and is there but you have to look very close. Pinch I was talking about is MACD and or PPO / ADX.
Why wouldn't this be grabbing people's attention. Anyone that knows the OTC at all or understands the way bounce plays happen/work would be all over this.
I currently see a stock with 76 million outstanding shares and that is a current number. The market cap is less then 200,000 dollars. Sentiment is picking up and so is attention. With OTC charts are the main factor but fundamentals play a role and so does sentiment. The most main factor with fundamentals is share structure. First thing everyone wants to know is how many shares outstanding and in the float. With only 76 million shares FROT will be very attractive to prospective buyers. FROT Friday afternoon sellers I can almost guarantee they are lurking around still. Then add the folks that were not in and might be having a look over the weekend.
The chart shows a stock that is pinched with a bounce that has started. It shows a stock that broke and held the 4,8,10 sma and settled just a tick below the 20 sma or middle bollinger band. That is very typical for a "day 1". It shows pretty much all indicators bullish. It shows RSI at 40 with tons of run. ADX +DI turned up, fast stochastic bullish crossover, bullish PAR/SAR flip. L2 showed friendly and light. I really see nothing I don't like. The long wick was expected by me considering it was a Friday afternoon. A selloff from the highs earlier had to be expected. 9/10 times this current setup will produce continuation. I'm not perfect and this is pennyville so anything can happen but upward continuation should definitely happen.
No not much dilution at all. Very very mild for an OTC and an absolutely miniscule share structure. Then add that to the chart with all indicators pretty much bullish, the pps coming from down in the dumps, the increasing buy volume, the hard pinch it has and together with the share structure we have a combination which is the type that can cause explosive upward movement. You just never know with penny stocks but I think the probability is 80% going off my knowledge and past experiences. This should absolutely explode but should and will are two different things so we have to see if it will but I think the chances are very good.