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Someone's buy is someone else's sell. I wonder who was right?
That might be the case. Yesterday's drop was met with strong volume, but today's bigger drop has no volume. Investors are removing their bids. What's the next play?
sell at 8 and hurry? Going to 3 soon!
Mr Albany?
Then don't use the word "all" and behave like you know it all.
Never buy penny stocks because of technical analysis. It's the buyers who make the stock, not the stock itself unless the brand is beginning to get recognized.
It's a buyout now... The new story of the day! The last resort for wishful thinkers. I guess it beats hearing that a news release will come out everyday. Let's hope this grabs the attention of a few less educated investors.
Another nasty day in the making... who ever said .0005 may not have been wrong. Maybe sooner than next Wednesday though.
So when do we see .0001 again? By the 21st!!!
This company needs to makes over 100 million net to even make a low return of 1 penny a share. It's a losing game. We don't even have financial statements to confirm where this company is at. There's nothing here to even do proper due diligence.
I enjoy being right... and I hope I've saved some investors from loosing their hard earned disposible income and I laugh at people who say that they'll buy every tick down to add to their position. An obvious losing strategy. I do have great respect though for anyone buying at .0008 to flip it tomorrow at .001
Thanks, you'll be buying my flips.
Skillen I'm sure you must have know what was to come... Just basic trading principles.
Why waste your money? Time is on your side...
By the 21st... The day Skillen and I chat about the SP.
I see .0005 in the near future.
You wish!
Volume is high because we're going down to new levels not because of renewed interest.
Bye bye MGLG
The news release was filed under "T". That's "T" for trash.
Not one company on pinksheets has a "solid" reputation. Didn't you know that?
This company issued massive amounts of shares compared to the other companies your talking about. This company had no business and they were issuing sub penny shares to pay bills. Although they survived to date, they have done themselves a HUGE diservice. they would have to make 110 million net to even declare a gain of 1 penny per share. It's hopeless unless you wanna buy shares for a lifetime. The real good news (back in business) has passed. No ther news will ever have the same effect on the stock price.
The volume seems strong because we're falling to new lows.
24 million on 11 billion shares is .0012 big bucks per share. Roll back those shares... Please.
Only 24 million, that's worse than everyone is expecting. Devide that by all outstanding shares... Zilch!
As for MGLG it's time to sell out before the end of another day.
.0009 for next weak.
.001 to .0011 now... Time to adjust flipping strategy.
Bash bash bash, pump pump pump we don't even know if the people bashing and pumping are the same. Oh these little games we play to make money of the backs of amateurs.
Don't take my post the wrong way. I say something bad then someone says something good. We're building posts and eventually we my just be in the top 15 boards again. Then you guy's get more exposure. Besides it helps people flip. I've made $2500 just flipping in the last 2 weeks. I'm up from my previous loss. Soon though, it will be .001 to .0011
Time to get this one going again! Pump Pump Pump!
So now we can't rely on the companies news releases... Great!
Back to work...
gas at lower prices...
No... I just featured the company on my site and shot off a couple thousand emails about it.
and that goes both ways.
I wish...
Don't tell me a news release is coming out tomorrow. Skip skip skip, the sound of a broken record.
At least he knows his production numbers. Can't say the same for us.
Just flipping, nothing longterm. In at .0011 out at .0012 on 5 million shares.