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1 million on the ask. WTF
Is that order still there? I do not see it on my AMTD L2.
Yes, I pay $5 per trade. Reason being, there used to be a company called Free Trade which was owned by Ameritrade but was run separately. The commission for Free Trade started out free for the first 20 trades of the month then they charged a commission after that. Then, they later eliminated the 20 free trades and charged a flat $5 per trade. But, there was no telephone service for Free Trade customers, just very fast email response. After a couple years, Free Trade was rolled into Ameritrade and the commissions for those customers was frozen at $5.
If that really happened, you could have called AMTD and they would have either canceled the trade or refunded your commission. I know this because I also use AMTD and they will almost always refund a commission on something screwy. All you have to do is ask and complain. I only pay $5 a trade at AMTD.
Just take the AON off. I guarantee you will get filled today with a bid of .0189. If you use AON with a stock like this you do not really want the shares.
I have an order in at the ASK...MM's are ignoring my order, again.
Are you using AON, all or nothing? If you use that, you may never get filled. When using AON, your order will not even show up on the bid. If not, call them and they will get your order recognized.
A little about our company:
http://www.spoglobal.com/index.php
http://www.spoglobal.com/technology.php
Two days ago this stock broke above the upper channel line and then reversed. Volume was not high enough to carry it through the sell volume. We seem to be in a channel between .013 to .025 or so. Obviously, we are still in a consolidation mode. I know longs hate down days but it's not really a bad thing. The longer SPOM consolidates, the more powerful the topside break will be.
We all know the company is growing sales and revenues, so it's just a matter of time before we get recognized. Until then, I just wanted everyone to know I'm still here and plan to hold my 400K for better days.
$SPOM Guys, you really need to take a close look at SPOM which is an OTCQB stock. This is a real company with sales through CVS pharmacy and new product releases sceduled for 2013 and 2014. Low outstanding of 50 million and authorized of 100 million and no dilution coming. The company has audited financials and the chart is breaking out of a consolidation pattern and is in a true uptrend. With money runners power, this could move up fast. Look at the cup & handle pattern on the chart, this will go a lot higher. Should be better than MWIP since it has less than half the share count.
http://stockcharts.com/h-sc/ui?s=SPOM&p=D&b=5&g=0&id=p20713991183
Nice informative post, thanks. Looks like we will be kept informed of operations and highlights which is good to know. I'd like to see them do an awareness campaign but not go crazy with dilution.
Technically, a long white candle like we had yesterday is often-times followed up by a red candle that penetrates from one third to two thirds the length of the long white candle. We have about one third penetration today so far. Then, days following, the stock most often pushes to new highs. I've studied TA for many years so I've seen and read about many different patterns like I'm seeing today.
The reason the stock should continue upward is because up is the current trend. The stock has moved upward from sub-penny and has been in a consolidation mode. Consolidation is when new buyers and sellers are exchanging shares transferring shares to new buyers and stronger hands. When sellers are done or dried up, the stock will resume its upward trend. The trend here is strong indicated by the ADX (advance decline) line at bottom of chart, see link. When the ADX is pointing up along with the MACD the two indicators are in harmony and that is the time to buy.
MWIP has had a really nice run. But, it looks like the run might be over. I expect some of that money could filter its way over here. Groups like money runners board can really move low floaters like SPOM. We should make an effort to post their board, see link.
Have a good afternoon and evening guys.
http://investorshub.advfn.com/Money-Runners-15619/
http://stockcharts.com/h-sc/ui?s=SPOM&p=D&b=5&g=0&id=p79601366286
SPOM great long term play, New things cooking 2013 & 14
I agree with your assessment. I'm surprised at how this shot up on heavy volume for this stock, about a million and then dropped so hard on much lighter volume about a half million. Obviously, the value is here but the stock and company are not that well known.
The company some how has to promote itself, perhaps through more PR's and progress updates or maybe a letter to share holders would help. All we need is a few 2-5 million share days and this will fly. This afternoon will be interesting to see if the up tic continues. No matter what happens short-term, I'm holding my 400K shares for the big payday which we all know is coming. This low float jewel will be discovered.
I've posted on several boards myself today. The news is out on my Ameritrade streamer. Take a look at this beautiful chart link. Almost looks like we are breaking out from a cup with handle pattern.
http://stockcharts.com/h-sc/ui?s=SPOM&p=D&b=5&g=0&id=p88337863306
$SPOM the next MWIP. Look at the chart, just starting to breakout. Only 50 million shares outstanding and only 100 mil authorized. See bottom link for today's news.
http://stockcharts.com/h-sc/ui?s=SPOM&p=D&b=5&g=0&id=p55598898906
http://www.otcmarkets.com/stock/SPOM/company-info
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83166761
$SPOM, low outstanding (50 mil) products on CVS shelves and new products on the way. Also, it's breaking out.
$SPOM the next MWIP. Look at the chart, just starting to breakout. Only 50 million shares outstanding and only 100 mil authorized.
http://stockcharts.com/h-sc/ui?s=SPOM&p=D&b=5&g=0&id=p55598898906
http://www.otcmarkets.com/stock/SPOM/company-info
$SPOM the next MWIP. Look at the chart, just starting to breakout. Only 50 million shares outstanding and with 100 mil authorized.
http://stockcharts.com/h-sc/ui?s=SPOM&p=D&b=5&g=0&id=p55598898906
http://www.otcmarkets.com/stock/SPOM/company-info
$SPOM the next MWIP. Look at the chart, just starting to breakout. Only 50 million shares outstanding and with 100 mil authorized.
http://stockcharts.com/h-sc/ui?s=SPOM&p=D&b=5&g=0&id=p55598898906
http://www.otcmarkets.com/stock/SPOM/company-info
Lets hope so, see you all at the bell tomorrow. Have a good evening everyone, I'm going shopping.
Here's a long, but simple, explanation
That was a good post. I was about ready to buy, but your post helped push me over the top. Chart looks good. Look at the ADX line at the bottom which indicates trend. The trend is now up on this stock, it's a great time to buy. Also, the chart pattern last 2.5 months resembles a cup with handle pattern. All we need here is to spread the word on some of the penny stock boards.
http://stockcharts.com/h-sc/ui?s=SPOM&p=D&b=5&g=0&id=p25544703311
Glad to be here, let's make some money.
Nice big hits end of day .023 great day SPOM
That .023 slap for 115,822 right at the bell was me. I'll buy more when it clears 4 cents. I'm one of ya's now guys.
Luck to all of us.
Nice, I just checked with the state of Delaware today. SPOM 100mil A/S confirmed.
Have you got a link for that?
That's mine, hope it fills. I kinda doubt it though as thin as this is.
I have read the filings, but thanks for your offer. Again, I just needed a couple blanks filled in and this board has done that. So far, I've got 55K shares filled out of my 360K order. I hope I can get more filled.
Hey, I'm convinced. That's my 300K plus order sitting at .02
This is about as good as it gets for a penny stock. If you don't like it, that's your choice.
No, that's not the case. I am not trying to bash nor am I short. Your post explains a lot. I just might buy some.
It's not really the warning statement of ceasing operations, it's the threat of dilution coming soon. It's right there in black & white.
I like the chart and I would love to buy. That said, they have to raise over a million dollars like right now. So, I'd say this stock will see some serious dilution in the very near future.
I think the company has potential, I'd love to buy, but I am having trouble getting past this exert from the latest 10Q.
Current Operational Highlights
We recorded revenues of $278,000 for the three months ended September 30, 2012, representing our first quarter revenues from operations since the fourth quarter of 2011. Revenues resulted from the initial shipments of a new consumer wellness product to mass-market retailers based in the United States. As of November 14, 2012, we have received purchase orders for additional units of our wellness product. We have generated significant operating losses since inception and we have a limited operating history upon which an evaluation of our prospects can be made. Our prospects must therefore be evaluated in light of the problems, expenses, delays and complications associated with a development stage company.
However, we need to raise additional funds on an immediate basis in order to realize our business plan as well as pay outstanding loans in the approximate amount of $1,456,000 , of which $1,099,000 were currently due and payable at September 30, 2012, and to maintain operations. In response to the deteriorating global economic conditions that began in 2008, we have taken certain measures in an effort to reduce operating expenses and conserve our cash resources. Beginning July 2008, we have significantly curtailed our non-essential product design and development, and ceased all marketing activities and product manufacturing. We have terminated certain product development plans. In January 2010, we restructured our operations in an attempt to focus primarily on our core technology for non-medical market operations. The restructuring included entering into a licensing agreement for our then existing medical PulseOx product line, which resulted in the cessation of the Company’s production, selling and medical marketing activities. As of November 14, 2012, we have two employees working on a full-time basis. In addition, all research and development activities are performed on a sub-contracted basis. If we are unable to raise capital on an immediate basis, it may be necessary for us to take further cost cutting measures to reduce our cash burn including laying-off additional personnel and/or cease operations entirely. No assurance can be given that we will be able to raise the needed capital. These conditions raise substantial doubt about our ability to continue as a going concern.
EDAP This one's alive.
http://stockcharts.com/h-sc/ui?s=EDAP&p=D&b=5&g=0&id=p29109881902
I watch for Actives OTC stocks in my tdameritrade acct.
Beadqueen, how do you watch for active OTC stocks in your AMTD account.
TIA
Folks lets remember that, even a strong bull needs to take a rest and drink some water before getting ready for another strong run
Looks to me like the M&M's are trying to bring this back because they probably had to naked short a lot of shares to keep up with demand on the way up last two days.
Doing some Fibs, this run started at .0127 and ended at .034. Using those numbers, a Fib .382 retracement brings us back to .0258 and a 50% retracement brings us back to .023. If it does a .618 retracement, that would bring us back to .0208 All we can do is watch and see what happens.
Just say it, you're short.
I agree, the three month is pretty, but the problem lies in trying to get in or out with any kind of sizable position without moving the stock 30 to 50%.
http://stockcharts.com/h-sc/ui?s=VSUT&p=D&yr=0&mn=3&dy=0&id=p60935011912
VSUT is up over 47% on under 200K volume. Looking at L2, there is no liquidity.
Around lunch time should show us what is in store next. If it's gonna retrace it will do it then.
Over double the volume from yesterday yet it seems to be stuck around .030. That much volume should have pushed us over .04 cents. I'd say it looks like it wants to retrace before it pushes past resistance here. We'll see.
It's acting like it wants to back and fill.
You made me look into this a little closer. I ask, how can a company (MWIP) spin off, or sell a company they no longer own? Can someone explain that please? See below from recent 10Q, make sure to read last sentence:
From January 1, 2011 through May 31, 2011, the Company owned 100% of 800 Commerce. From June 1, 2011 through October 1, 2011 800 Commerce sold 465,000 shares of its common stock and issued 3,534,000 shares of its common stock to its officers as compensation. After these transactions, the Company owned 60% of 800 Commerce. On May 10, 2012, 800 Commerce sold 3,150,000 shares of its common stock, reducing the Company’s ownership to 45%. On May 18, 2012, 800 Commerce sold 1,500,000 shares of its common stock, reducing the Company’s ownership to 40%. On June 10, 2012 issued 1,500,000 shares of common stock pursuant to a consulting agreement and 1,851,000 shares of common stock for legal services and in lieu of compensation, and since June 30, 2012, 800 Commerce has sold 500,000 shares of its common stock and issued 500,000 shares of its common stock pursuant to a consulting agreement. Subsequent to these issuances the Company currently owns approximately 32% of the outstanding common stock of 800 Commerce. Effective May 10, 2012, the Company is no longer consolidating 800 Commerce in its’ financial statements. The noncontrolling interest included in the Company’s consolidated statement of operations is a result of noncontrolling interest investments in 800 Commerce up to the date of deconsolidation of May 10, 2012. Noncontrolling interests through May 10, 2012 are classified in the condensed consolidated statements of operations as part of consolidated net loss.
As a result of the deconsolidation of 800 Commerce, Inc., the Company recorded a gain of $62,636, consisting of the following:
Fair value of consideration received $ —
Carrying value of the non-controlling interest in 800 Commerce, Inc. in as of the change in control date (65,526)
Less: Net deficit of 800 Commerce, Inc. as of May 10, 2012 (128,162)
$ 62,636
Subsequent to May 10, 2012, the Company’s investment in 800 Commerce is accounted for using the equity method and was reduced to zero.
Sorry, I misstated, we are not in blue sky territory, I was looking at a daily when I thought it was a weekly chart. But, we do have a new 52 week high today that I think will be taken out soon. Look at the weekly and look at how strong the trend is, see link. We broke above the 200 week average today.
http://stockcharts.com/h-sc/ui?s=MWIP&p=W&b=5&g=0&id=p54508807967
Chart looks nice, I wonder if this can get into the $0.03's.
We're in blue sky territory now. This will continue, volume says it all. Big up today, over 50% up will scare some into selling. Can't blame them, but they will be sorry when they are chasing over 3 cents. Blue sky and this volume points to this being only the beginning of this run. There will be consolidation days or periods, but this trend is up and up hard. Just hang on for your life-changing stock.