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http://www.investorshub.com/boards/quotes.asp?ticker=SMMW
decrease of 100% is 0.000000
Stop lying to investors. SMMW has never been at 0.001 before.
'alien_scones' Right on the money. Yahoo now shows SMMW 0.0000
Save me some shares buddy. Good buying going on from you guys. I guess I need to double up and wait for Dec.
Thanks for the reminder
http://biz.yahoo.com/bw/060725/20060725005463.html?.v=1
I doubt SMMW has an office. They work from their homes IMO. If they had an office, pictures would already have been posted here.
We should sue scottrade if they lied about this issue
A good strategy to use in OTC stock trading is to allocate a certain portion of your capital to a stock you want to own. Start out by only investing 1/4 of the total amount you are prepared to commit. That way you can add to the position if the stock trades lower and take advantage of other people's weakness. This only applies to investors that are prepared to hold for at least four to six months. If you view yourself as a short term trader you must follow the short term trends.
A very important rule in stock trading, particularly with thinly traded OTC stocks is never buy a stock at the market when it Gaps Open. A Gap occurs when a stock opens at a much higher price than it closed at the previous day. 90% of the time that stock will drop back down and fill the gap. Market Makers have been using gaps to line their pockets with money from investors for years.
When market makers have market orders for a stock at the open, they will often take the stock up, fill the market orders at the higher price by shorting it to investors, and then drive the price back down. Then when they have scared enough people into selling, they cover their short and walk away with a tidy trading profit.
'Crissys Lucky 7' I like the way you devote yourself to doing DD. Can you take a look at PTSH? What do you think of it and their latest PR on reverse merger? I know PTSH is a good company and a reporting company too. But do you think that the R/M with one of its subsidiaries would result to a R/M play?
Carefull man. I did the same a few weeks ago and later realized that this company is a scam. Look at all the postings here before you buy this one. Some guys had done excellent DD which are on these posts. Wherever there is smoke, there is fire.
Did you not say that 'americanbulls' website was a bogus site when they issued a buy signal for PAIM? Why are you using it now to bash? I thought the only advice that counted when bashing was yours. Please stop contradicting yourself. Be consistent with your script when bashing a stock.
What really happened to CMKX? Why is the stock not trading?
You could invest any amount that you wish to. $20 if you wish. But it does not make sense to invest $20 when your broker is charging you $10 per trade. Most brokerages require $500 to open an account. You can choose however much you want to invest from that $500. Now, to answer your question, Penny stocks are usually bought using limit orders. Yes, you can put a limit to but PTSH for 0.0025. It might take weeks to fill (in my opinion) because PTSH has been swinging around 0.0028 and 0.0033. So, your best bet of getting your shares would be at 0.0028. You could use however much you want. The more money you invest, the more the shares. For a stock that has a stabilized price like PTSH, I would invest all my money in one shot and only pay one time commission. For a volatile stock like PAIM, I’d invest in four chucks averaging down though I would have to pay commissions for those four trades (4 times).
A good strategy to use in OTC stock trading is to allocate a certain portion of your capital to a stock you want to own. Start out by only investing 1/4 of the total amount you are prepared to commit. That way you can add to the position if the stock trades lower and take advantage of other people's weakness. This only applies to investors that are prepared to hold for at least four to six months. If you view yourself as a short term trader you must follow the short term trends.
A very important rule in stock trading, particularly with thinly traded OTC stocks is never buy a stock at the market when it Gaps Open. A Gap occurs when a stock opens at a much higher price than it closed at the previous day. 90% of the time that stock will drop back down and fill the gap. Market Makers have been using gaps to line their pockets with money from investors for years.
When market makers have market orders for a stock at the open, they will often take the stock up, fill the market orders at the higher price by shorting it to investors, and then drive the price back down. Then when they have scared enough people into selling, they cover their short and walk away with a tidy trading profit.
IMO, I’d buy PTSH all at once at the lowest stable price. Right now this stock has not shown any signs of volatility, and the only way to go is up, since it’s not coming down below 0.0028
Nice link my friend.
Phisherman. Could you post the link to this article?
NITe at 0.0022. Seems like we are moving back to where we were supposed to be at today. Too bad for those who sold.
MY Scottrade Account status is now back to normal. Did they just finish covering or what?
I agree. The PR sounds just like the previous ones too.
Could it be Scottrade? I thinks so IMO because PAIM recently discovered that another broker was short. mmmmm sounds good. I will play both the short squeeze and the Revenues. Scottrade has halted buying and my account show '#'.
I think that if there is a share share-count going on, and if scottrade is found to be short, then there will be a lot of covering to be done here. IMO.
ShareHolder: Is there a short squeezze in effect happening?
garybgotanco: we have recently gotten information of 2 brokerages still short, add to this another one we learned just the last 3 days
ShareHolder: can u tell us which brokers are short?
ShareHolder: do you know how short they are?
garybgotanco: no, i cant
(The answer below is from a different question)
Anthony Val Gary Gotanco: one has approached our ta, trying to negotiate a cheap cover settlement..for the grand sum of $50000
Last night's conference chat mentioned that PAIM discovered another broker as being short of PAIM shares. Could it be scottrade that is short? If so, I think that the covering has began and that's why they won't allow buying because the stock could explode IMO.
Scottrade has a "#" symbol on my PAIM shares. Is PAIM doing a share count right now?
I believe public traded companys are allowed to make future projections. Don't you thinks so too. So, what's the problem if PAIM made future projections on real properties that have potential for minerals?
Fonzy35, I like your analysis and I know you are as conservative as not to use industry PE ratio. However, if we were to use an average industry PE of 30, then, from the numbers you provided, it would look like this, if all stands to be true:
5 = 0.25/?
0.25 / 5 = 0.05 as EPS
Therefore Industry PE of 30 = PPS/0.05 = $1.50 PPS (from the XYZ Gold Mine alone and using your gold price of $500/ounce)
I agree. He means that he bought new shares after the buyback. Not the 10% he should be having after the buyback. I also don't think he is a basher, but just a language barrier.
How many shares do you have right now?
seems like you din't even know the meaning of myopic
Are you sure?
why would I be wasting my time on a dead horse if I wasn't a shareholder. Stop being myopic and tell Dan to give us an audit.
Good Point. I totally agree. PAIM is not for Wussies.
$27,500 would do me a whole lot more than being tied in SMMW.
Dan said that he does not have time for the auditors. He's too busy runnning around parties and getting bursted for DUI.
Smart investors would only buy SMMW when they see an audited report of the company. I bought through the hype of NSS, otherwise I would not have bought without knowledge of the company's operations. The company has been ussuing PRs without any substantiation. They only way they can prove all the PRs to be true is by issuing audited financial statements.
Tell me how I would double my money when there is no Audit Report.
A reverse split is only good on a stock that has no Bid. How are you ever gonna sell your shares at no bid? Reverse splits are not good for trading stocks. SMMW is not trading. We can't even sell it for a loss. So, SMMW will need to do a R/S so that some of us can get out even at a loss.
We need a reverse split so as to get out of this sucker/Dead horse because I have $27,500 tied in here while I could have tripled my money at AWYB which just did a reverse split from 0.0001 + no bid to 0.15 within 2 days.
Dan. We need a reverse split so we can get out of this sucker/Dead horse.
Whoever is deleting my messages needs to stop otherwise I will have him kicked out of Ihub.