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I have been in another stock that is trying to get the Stop sign removed for over 7 months now. They have had a stop sign replaced with a yield sign waiting for the proper filings, not a Caveat Emptor. Enough with the stories.
larybaby2
A very good sign! Volume precedes price. Up from here big time IMHO.
larybaby2
IMHO, without a spokesperson announcement before market close today will give us some much needed momentum. Is anyone going to want to be without shares come Monday morning in case they settle the spokesperson contract over the weekend and announce it pre market Monday? Come Monday without an announcement we all know the day draws closer for that announcement and the momentum of the unknown continues to brew. We will all be in the green soon boys. Time is running out and on OUR side.
GLTY all, larybaby2
I see we have a new face on the bid today that I don't remember seeing before. CSTI are buying today. Good sign? We'll see!
GLTY, larybaby2
Every day that we do not get confirmation of a new deal with record label and spokesperson, is another day for the MMs to manipulate the stock lower. 99% of us see the longer term value and are not willing to sell down here, but the mms hate to miss an opportunity to cover for cheaper.
GLTY all, larybaby2
Actually, this would accomplish nothing. If you really thought about it, damn, they sell shares they don't have now to manipulate the price, how would locking yours up make any difference?
GLTY, patience is what is needed here, larybaby2
Trader, let me give you my spin on what is going on with this stock. As the announcements started back in April with revenue projections and launch date of June for MM, not counting dropping spokesperson names like B.E.P. and Gaga, the demand for our stock skyrocketed causing MMs to satisfy the market by selling the stock short thus doing their job(creating a market). As the opportunities arose as they almost always do in the pinks, the MMs took the price lower by trading systematically to one another to accomplish just that. This did not just start last week, this has been going on for some time now. As all this was going on, mis-information from the company regarding dates were missed creating another opportunity for the MMs to drag the price lower. As most of you are aware, the mms are never just satisfied to cover at break even, they want 100-200-400% return. So IMHO, all the air shares they sold on the run up, they continue to cover, and by doing so continue to hold back any possible momentum by selling to each other to keep the MOMO away until they have covered most of their air shares. The longer they keep the price down, the easier it is for them to cover more at a cheaper price. The more shareholders get fed up with the downward spiral the more of them that sell out. You see what I'm trying to say. Until the MMs have covered, we go no-where. It doesn't seem to matter what is PRed, they always manipulate it to look like a sell off and drive the price down some more. I remain long here and will not post for a while. I think for the most part, the computer will be turned off and will check back in August or so.
GLTY all, hold down the fort while I'm away, larybaby2
I see us moving up to close at high of day as momentum starts to build here as the spokesperson announcement could come at any time. I doubt people will be selling this off on Friday if there is no news. On the contrary I believe.
GLTY, larybaby2
Fistly, IMHO, this is churning in this area as accumulation is ongoing. I too am down as most of us are and yes we want to see bigger moves than .0001. The MMs will play their games trying to shake loose some shares but we can see they are having trouble doing so. As long as things stay stable in this area as they have been the last few trading days, the catalyst we are waiting for is what will get this flying. All in due time my friend.
GLTY, larybaby2
I disagree. It is in accumulation mode and PPS range is very tight. If you are a chartist you would see the accum/dist. and the ChiOsc have leveled off and are about to curl up. These are my indicators for a good time to buy as the trend is showing a reversal. Many who read charts and have us on their radar will be jumping in soon and helping us get the needed volume to help drive the price up.
GLTY all, larybaby2
There has only been 49,500 shares traded in the last 40 minutes and very little selling going on. This should bode well for us here.
GLTY all, larybaby2
IMHO, we could test the 3's today with a little pressure. Sometimes I see the MMs hold buys and then post them all at once to knock out the ask and move it higher. Things are setting up nicely for a move north here.
GLTY all, larybaby2
What is there not to like here. PPS is way undervalued, major announcements at any time now and MMs trying to buy on the cheap and sit knee deep waiting. The MOMO will return here anytime and that one catalyst we need should be released soon. I wait with sheer excitement for that moment.
GLTY all, larybaby2
They are stacked up 6 deep @25 and only 1 left @ 26. The buying pressure will push us up some if the bid sitting would stop and people start hitting the ask. That .0001 won't make any difference a month or two from now.
GLTY all, larybaby2
The way we get this moving here is to knock out SSGI. They have been sitting @ 26 since before the open. We need to take him out, then we start to move up!
GLTY, larybaby2
They are stacking the bid @ 25 now and a little buying pressure sends this north quickly.
GLTY, larybaby2
One ask slap for 200,000 shares and we are down to 3 just like that. This thing is getting ready for a big move.
GLTY, larybaby2
If anyone is watching level 2 this morning they would notice how it only took over one million share to break down that wall @ 25, I'm sure we get rid of that small wall @ 26 the same way and things get moving here today. All IMHO.
GLTY all, larybaby2
Do any of you remember how the MMs were handling this stock when there was some solid buying pressure? They never seemed to let it climb naturally. It seemed to trades millions of shares at lets say .0050 then in the matter of a million or two in volume, bang, it was up to the .0060 level. This continued for a few days as the volume remained steady. I see this happening again soon as it looks as though those willing to sell at this level are few and far between. There's a lot of good announcements about to be unleashed and I am glad I hold what I do and look forward to greener more satisfying days ahead.
GLTY all, larybaby2
IMHO, this stock is consolidating here at this level and is a very healthy thing. I think most of us here believed that was going to happen in the 35-40 range but they decided to drag it lower. I have read articles relating to this and it stated "the lower they take it the bigger the bounce". I am a firm believer watching the volume and action here the last few days that this is what is going on and the day is coming SOON that we all witness that big bounce.
Hold tight folks and GOOD LUCK to us all, larybaby2
Slaz, do you know what the NBB(XF) means?
T.I.A. larybaby2
O.K., what is happening all of a sudden. The volume counter went from 127 million down to 77 million? I'm out of words to explain this crap.
larybaby2
That was a quick turnover of over 50 million shares in about 10 minutes!!!Weird things going on here.
larybaby2
AGREED!!!! And actually an update PR about what will be PRed next takes any kind of zing out of the said announcement. We want people to be surprised with great news that will get investors and would be investors excited and slapping that ask. That is what will get us back to respectability. We have been in a downward trend for a while and are badly oversold. I see things stabilizing in this area and gaining support and strength. I am expecting a solid week ahead. All IMHO.
GLTY all, larybaby2
Hey Donk,
Why would it concern you what my average cost of this stock is? I think it would suffice to say I am in the red like most here at the moment. BTW, what is your average cost?
larybaby2
Thanks for the added info to my post. As I stated, we are at their mercy and hopefully any additional information required by them will be easily accessable and dealt with swiftly. I know that eliminating the stop sign and being uplisted to a full reporting Pinksheet company has many advantages. The biggest advantages I see are the company will no longer be shunned by prospective investors and the fact that all PRs the company submits get desseminated to many more business news affiliates.
Good luck and hoping for the best with this investment.
larybaby2
Firstly J.D., let me tell you that for the most part, the company is at the mercy of Pinksheets to remove the stop sign and move us up a tier or so to limited information or full reporting Pinksheet. As I have been in contact with Pinksheets in the past asking the same questions....i.e., How long after financials have been posted do you remove the stop sign. Their response was 2-3 business days. And to go one step further, that was only if ALL the pertinent information they requested was provided. I am in on another Pinksheet stock that had a stop sign(W*BD) and once they posted the information to Pinksheets, it took almost a month to have the stop sign replaced with a limited info yield sign. Pinksheets stated the problem with them not being reflected as a full reporting company was because:
A) The attorney letter they received was not from an attorney that was recognized by Pinksheets.
B) Because they purchased a shell company three years ago, they needed to round up some financial info from the previous company and have that submitted for their approval.
Because W*bd was in the process of filing their 1st quarter results, the accountants needed to complete that before they could worry about satisfying Pinksheets' request. Because of these delays, they continue to sit today as a LIMITED INFO stock. It has been 3 months now and still waiting for an uplisting.
The point I am trying to make is hopefully they have followed the requirements to a tee and submitted every bit of info that will satisfy Pinksheets otherwise the 2-3 business days may very well be delayed some. BTW, I have no idea what the outcome will be and I am surely not trying to make excuses for the company ahead of time. That's all I'm saying. I continue to hope for the best.
GLTY all, larybaby2
Thanks Sharky, I tried GoogleChrome and it also works fine. They will hopefully address the I.E. issue in due course.
Thanks and G.L., larybaby2
I sent a question regarding this earlier today from the MM website and received a reply in no time. I have the same problem but FreezeFrame advised me to try a different browser. So I downloaded GoogleChrome and now they display correctly. Seems to be a problem with Internet Explorer(most versions) He was going to forward the problem to management for me.
GLTY, larybaby2
I for one here J.D. thought your posts to be bang on where most here were afraid to state the obvious. I do believe the company reads these threads and although most tried to defend the company's missed targets with excuses, you chose to highlight them and get the company's attention to show progress. As I stated here previously, I believe in this company and their business model, but I too was becoming frustrated with the lack of action. We are seeing things now unfold before our eyes and I am pleased I didn't cave to the MM's manipulation these last few weeks. We have very strong hands holding on now as we are beginning to see the value here that will begin to be reflected in the stock price. A working website was needed here to regain the MOMO we once had, and with all the upcoming announcements the next few weeks, we are going to be GOLDEN here. I wouldn't be surprised that even without a pre-market PR that we gap at the open on Tuesday and continue to gain strength awaiting the rest of the good news. Thanks J.D. for helping Rick see the light and get things moving here!
larybaby2
They are making a lot of progress and yes, they are working overtime. I have been on the site and have been in contact through the site's e-mail regarding any glitches I have been having or noticed. A fellow by the name of FreezeFrame has answered my e-mails promptly today and has either given me the fix or has forwarded the problem to management for them to look into it. This is more like it! Problems getting solved and videos being uploaded to site as promised.(just a tad later than expected).
Next week is shaping up nicely. I am seeing that demand for our stock coming back!
Good Luck all and Happy Holiday! larybaby2
You are 100% correct J.D. I feel the same way, but let me say this: I do believe in the company and their plan. I bought in to this a lot higher than where we sit today and have continued to support the company and average down in the process. If I remember correctly, they PRed the site was going live June 1st which got me involved in the first place. Then the delays and the PR about their "plan" of action for the website. IMHO, I thought going live meant exactly that and not in BETA for gawd knows how long. They are having issues, it's plain to see and their fixes appear to be taking much longer than they originally anticipated and announced. That being said, they are working on things and although this is taking much longer, I still believe we with the patience will be more than fine. But you are correct, they need to spend all their time and energy into getting the site where we need to be before throwing money at the ad campaign and their other yellow pages project etc....We have all suffered alot these last few weeks watching this tank so bad, but again, this has been known to rebound just as quick if not faster. So, I hold and watch this unfold, hoping for the best.
GLTY and the other longs, larybaby2
You are correct Difiore4, many good things yet to come here. IMHO, the increase of O/S shares are for a good purpose. Rick stated in his P.R. dated June 30th how they were to be used, " Encounter Technologies has issued and will issue its common stock to be reserved on hand for deals with celebrities, labels and strategic partners". So as to reply to one poster who stated,"Why would they sell shares now at such a low price when they could get a lot more for them down the road", my answer to that is the signing of a spokesperson will be what really gets the stock moving north in price, hence the need to have shares available now for contractual purposes. Anyone here for the long haul is not pleased at all with where the PPS is at the moment. But if truly a long, once the site is fully functional and the spokesperson is named and commercials go full tilt, this PPS will be a distant memory. We need patience now more then ever but i believe the MOMO will come back to this stock in short order and the demand for our stock will be crazy. I for one am holding strong as I see the value here and although I am down at the moment, we have all seen how this can move easily to the green side very quickly.
Good luck to all ENTI longs here and have a happy holiday.
larybaby2
Roughly the last 70 trades were buys at the ask. Looking very good for next week.
GLTY all, larybaby2
The ask is SOOOOOO thin. Damn, one good buy at market for about 3 million would probably get us back to .0032. I'm gonna do a little before long weekend bargain shopping.
GLTY all, larybaby2
IMHO, a very good thing to hold from here. It looks like J.D. bailed as he stated he would and his 10 million shares were absorbed quite easily without affecting the PPS. This tells me we have very strong support in the 24-25 range and that he probably helped enable some short sellers to cover. I think we have a strong afternoon going into the long weekend and a solid finish around 27-29.
GLTY, larybaby2
Totally agree Dev, things are progressing nicely, just not as quick as most here were hoping. It's all good though. We are getting things accomplished and it will all come together soon, then the fun here will start.
GLTY, larybaby2
Too funny. Thanks Sexy!!! I needed that.
GLTY, larybaby2
I saw some of your work Sexy. Very good creative stuff, and ya, that may have helped. One thing for sure, it didn't hurt us at all.
Thanx and good luck, larybaby2
IMHO, many people sold out their losing positions in Q*SP AND S*HG today and are buying in to the next big runner. Our time is near and the MOMO will be with us to push us north of a penny.
GLTY, larybaby2