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As far as the GBDX chart goes, yes it is a Dragonfly Doji, but if you look at the chart, everytime it has had a Dragonfly Doji in the past, it has been followed by a red day. Plus, a Doji needs confirmation, so Monday will confirm a reversal or not.
As far as GBDX gagging the Transfer Agent, I'm not a fan of them doing that. I found some good examples of what gagging the TA means most of the time. Now, everyone has seen the large sells going into the bid, look at EOD on friday. Look at the large volume the last couple weeks. When I called the TA last week, they confirmed the O/S of GBDX at 355mil, but that was as of Jan 31st and had not been updated. So all of Feb the O/S could have been increased and no one would know.
From a letter to the SEC I found online.
"7. Require that corporate transfer agents make public through the internet
a daily count of shares issued by any companies that are traded on the
OTC-BB and Pink Sheet quotation services. Companies crying “naked shorts”
while massively dilution their shares commonly gag their transfer agents
to disguise that fact. To give on example, one of the more public claimants
of a “naked short” in the company’s 8 penny stock has, accounting for
the effects of three reverse splits, issued the equivalent of 26 trillion
shares while maintaining a gag order on its transfer agent. That company
is at least fully reporting, and is required to make quarterly disclosures.
Pinnacle Business Management, which I will list by name because of the
frequent comments to this body by its shareholders who are convinced
that they are the victims of a vast conspiracy, gagged its transfer agent
and secretly increased its issued share count from 400 million to 24.5
billion shares. As a non-reporting pink sheet company it was not required
to disclose this far from trivial fact."
From Gary Witt.
"One sure way to know if dilution is going on is if the TA is gagged."
I believe many of the stock boards here on Ihub say the same thing. Just go check out Stock Lobsters board.
Now, I know I'm going to get called a basher for this post, if it is not deleted, but this is just a post of caution to help you all realize that you should be trading GBDX wisely, and understanding that just holding with red flags like the ones for GBDX can get you hurt IMHO.
Thats is all!
Best,
Spec
That was just your friendly neighborhood Stock Wizard grabbing a quick 100 shares at the ask! lol :)
Not a Shake. Go to godaddy.com and see who registered www.globaldiamondex.com
The company did not. A website who says it hides peoples identity did.
Trade This One Smartly!!
So I can just walk up and buy some .032 on the ask. Sweet!
Yeah, I hate when people are post whores! lol.
You guys talk to much! lol
Yup. No big news on anything yet to make a big mover today.
Yup. I still say the trend line was holding, but I like the way you think Amo!
Listen Pal? Don't BS anybody? lol
Let me ask you something, did you forget to take your meds today? Have you looked at the chart? http://s172.photobucket.com/albums/w11/spectre_hsm/?action=view¤t=metp3-14.png
Looks to be holding its trendlines as of close today. I don't need to BS anybody and could give two $hits about how impatient you might be getting. You're the one going around calling a stock a POS.
Or maybe you work for the guys that asked me to shake the tree today. Since I told them no, maybe you said yes! I don't know, or care. But saying things like it is a POS and broke its trends? Please!
-Spec
Just caught up on the board. I really need to get an alarm clock with battery back up. 2nd time in a week the power went out.
Can't believe some are calling this a POS. If you want a POS, go look at a lot of the real POS stocks out their.
The stock is holding its trend lines.
Kip is not pumping this up with a lot of PR's.
Kip is not even coming close to breaking any insider trading rules as much as some would love to get some juicy details about what is going on.
Kip has said they are looking to R/M with a company in the 20 to 30 mil range. Lets just stick between and say $25mil. $25mil and an O/S of 50mil and a float of just over 7mil. Where do you think this stock is going to be once that news hits? Yeah, this summer is looking greener and greener to me.
No one is pumping this stock. Another good sign.
It is having a pull-back after the last run. Can anyone say they thought that would not happen. Even the people that bought at .11 are not in bad shape.
Look at how hard it is to get shares. Seems like a dry float to me.
I could go on and on, but I think I'll go make some breakfast for dinner and leave it at that.
Best,
Spec
So, who is going to be Piccasso and make this look nice?
Ok, a couple things. 1. Financials were done when Kip said they would be. 2. Share Structure was updated. 3. That would lead most to believe that the deal is getting closer. 4. Kip said DD. That does not have to mean he is still doing research. It could mean dotting all the "i"s and crossing all the T's. 5. In any case, the stock is still following its uptrend.
Best,
Spec
Nice Faust. I've been adding here and there myslef.
Oh, and go make a post or two in the METP thread. I feel like Atlas in there!
You're half right. But it is only the "Traders" you trade smart and get to the point of riding freebies that can do this with little to no risk. Everyone around here is posting "Hold Strong" and that is the worst thing you can do with a stock that has the Red Caution Flags raised and it so easy to flip.
You guys are quick to call people bashers over here, yet how many of you have looked at the people pumping this up. How many vague promises have been made yet never come to fruition.
Yet, anyone that raises valid concerns is a basher? Any words of caution makes someone a basher?
If any of you looke at the chart you would have know this was going to happen. How many flipped and made some money or at the very least took some of their initial investment off the table. Not many I would guess. Yes opinions are stated as facts in this thread and carried to other forums and postes as fact as well.
It's just plain sad you all react this way and have become so One Sided. Just plain sad!
That is true. On the bright side, Kip did get the finanical info out as he said he would, so that should have added to investors confidence and trust that this is moving forward.
I just meant in terms of everyone around here is all.
Sure, you can talk about inner demons all day but you can't say "Whats the dealy yo?" haha
Or get a PR telling us to stop calling the office. lol
I'd rather juse see one person be responsible for calling on a regular basis. Even if they call three times a day, it's better then one call a day from 30 people.
It's holding the trendline nicley at this point. Thats a good sign.
All true. Selling leads to selling. Buying leads to buying. One or two people get out and scare a couple others into following. Then people start buying tomorrow and that leads to more buys. The wonderful cycle of the market.
Well, I just woke up and saw 37 pennies on my watchlist in the red. One of those days eh? Think i'll have a beet and go back to bed.
Someone email Kip and tell him he needs to ABC this bad boy. I'd really like to see this be one of the "I wish I would have got in that one" stocks next week.
-Spec
The ask is at the .05's. So you are both correct.
Nice Mike!
So has anoyone around here bought on the ask today or planning too?
No biggie. I scooped some of them up. Had to expect this with news expected last week. Traders have all the patience of a whore in church.
Just need Kip to sign on the dotted line and send out the news! Sooner rather then later!
Yeah, I was the one that bought the 6666. I took some profit in something else, and instead bought some more METP. That was how much I could buy. Then I got a good laugh out of it! lol
-Spec
Buy of 6666 just went through. Does that mean the MM's are Evil?? lol just kidding. Thought I would spark a little convo!
-Spec
I honestly discourage holding 99.999% of penny stocks.
METP fits into that .0001% very nicely though!!
Now, if Kip would just "sign on the line that is dotted" and ABC this deal, I would be a happy camper!!
Exactly. AON on low floats are difficult. You only get charged one order fee per day, so you might as well put it in and leave if for the day and grab as many as you can.
The funny thing is, they lost out huge by bid wacking like that. Instead of seeling at .069, they sell at .05. Crazy!!
I just figured with the entire market being such a bright ray of sunshine, i'm just not going to look at my portfolio all week and keep my fingers crossed!!
Really though, I like this dip. You always have to have a couple people complaining about "they whould have waited" before a big run. Patience is a virtue!!
I will point the it is a bit comfusing that the shareholders # of 902 is the same in Feb as it was in Dec.
I can't take credit. cdnStocker over at HSM posted them this morning. I just did not know if they had been mentioned over here yet!!
-Spec
If this has been posted, my appologies, as it was just brought to my attention.
2006 Financial Reports for METP came out march 1st. Did we all miss this or am I just crazy busy?
http://www.pinksheets.com/quote/finance.jsp?symbol=METP
http://www.pinksheets.com/pdfservlet?id=10169
http://www.pinksheets.com/pdfservlet?id=10169
First, I'm glad you like my theory. To answer your question, look at it this way. You've got Ihub, HSM, SHO, RB, MM, Yahoo, and a bunch of other stock forums + stock blog websites. Not too mention the people that just lurk and never say/post anything. So we are all suprised at that number, but the more I think about it, the more it makes sense.
I only know a couple people with fairly large positions. From those that don't know me from HSM, I run a stock picking thread with an email alert that goes with it. "Think Faust is on the list?". Anyways, I've heard back from a handful of people that in the last two weeks have picked up a couple hundred bucks to a max of $1k worth of shares. And none of them ever post in the METP thread.
But, think of how many people view all the forums and blogs? Think of how the money flows when the right momo and news hits. Last week a stock I was in had days of only $50k going in and out of it. Then monday it had a cool $1million worth of cash flow through it, and it was a shady stock.
So, if you add it up, seeing this thing wound up so tightly like it is now, with it being so hard to get shares at these levels with the float extremely dried up, it's just getting ready to move.
And when the news hits, what are all of us going to do. We're all going to tell all our friends asap.
902 people tell one friend that throws a quick $1k at it. Bingo. Party in Vegas!!
Best,
Spec
Disclaimer-much of that post was speculative and just my opinion!! :)
Whats really's scary is how often my theories turn out to be right! :)
But, think about it. R/M News hits. The stock see's a $500k monely flow pop. Not all that much in the pennies, but think of what it would do!
I know quite a few shareholders over on HSM between 5k and 20k+ in shares. But even between the two, that number of 902 is a bit high for such a small float, unless a lot of people have small 5K and 10k positions. But, for all those that have got in the last month, say at an average of .75 given the difference of .1 and .05 that it has ben going between, to only throw $750 at a R/M rumor makes sense. So they have small positions and are waiting for something big, so are going to hold tight, meaning when news hits, it will move all that much quicker! Double Bonus!
I bought into this as a safe and smart buy for a little stock experiment I am doing before I bought more for myself. So, I knew it was not a quick in and out play!
Best,
Spec
It is good to know and a good find. Now, I'm headed out the door, but if anyone wants to pick up a share or two for .08 at 3:58. Feel free to do so! Why, I sleep better when the chart looks good! lol
Oh, I agree. The big board sell off today WIll even help is the short term as well. Many many pennies were in the red today, because a lot of people had that "knee jerk" reaction. Compared to all the pennies down 30%+ METP held up very well on low volume and just created another buying op!