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TAKI,
There is tremendous upside opportunity with QASP. They are working on 6 acquisitions that will close soon. The recent dilution is them selling shares to cover debts from the old shell that they R/M'd into this year. They are also doing a buyback at the same time of up to 20% of the O/S. They will probably end up with around 400M in O/S which is not bad.
If everything works out like they planned I will be rolling in dough with my over 1M shares.
CEO to release PR next week telling us about share structure.
Well I don't put much faith in Buffett or Washington, but in God and the market forces to get us out of this mess.
Joe, this is my 'real' job and when the pennies get out of the funk that they have been in the last 2 weeks I will get back to making real money. No more cubicles for me!
Wow, your doomsday scenario is pretty scary so I vote for success.
Homebuilders will recover eventually which is why I have picked one (BZH) to invest in for the next 3 years when everything should be back to normal.
"point taken, but main point is sellers for some reason keep driving the price down...2 Fridays ago 5c was a hot commodity "
No, you missed the point, BUYERS are taking the price down, not sellers. If you buy at the bid the bid/ask go down. But the longs need not be alarmed because at some point in the near future (maybe next week) we will have to buy at the ask and we will see .05 again.
Guys, don't be fooled by the buy/sell ratio which is so inacurate it isn't funny. If you buy at the bid it registers as a sell and the bid/ask goes down.
Case in point, I just bought 100k at the bid (.026) when the bid/ask was .026 x .027 and it then dropped the bid/ask to .0255 x .026.
So believe me multiple buys are coming in today.
Very few sells if any.
This will run again very soon, with or without news.
Layla (Texas Twister) from Layla's Stock Cafe board
She hasn't posted anything about PFEH recently though.
Go for it!
Volume is anemic so far today.
If we can close at .033 or higher I believe that the downtrend is over and the next uptrend has started. That would mean that the trendlines are intact.
Thanks Vantillian,
I was looking for something to prove my hunch that the small cap volume has gone down over the last week or so.
I am hoping that when the Big Board volume decreases the small cap volume will increase. Seems to be an inverse relationship.
Volume very low today at 62,584 after a PR.
It will probably take some real numbers to get this going.
Hopefully we will see these around the end of the month.
Robert working hard to grow the business and I am willing to wait it out.
Rico's Twitter site now has 826 followers.
Picked up 175k more today. Easy pickins.
Bounce should start soon.
Loaded for bear is a hunting term meaning you have a large gun with ammo powerful enough to drop a large animal such as a bear.
So it means here in regards to ETFC that I have a large number of shares and waiting on earnings.
"any thoughts headed into earnings?"
Yes, I am loaded for bear and expect ETFC to beat estimates.
Waiting for Oct. 27th..................
The PR was just an update to appease impatient shareholders but there was nothing new in it.
Waiting for big news such as major etc contract with retailer or NDA announcement to propel this up.
Oh yeah, Q2 and Q3 financials would be nice too.
I hope so, my average is .0006.
The volume might be a precursor of things to come, or not.
Good buy.
34M volume, either someone wanted out or the company is diluting again.
"pfeh hope pos ceo wasn't lying"
We do need an update soon or we risk going lower.
This one has a lot of potential if he can work a deal with a company to RM into this clean shell.
"Notice in today's PR they said Q2 AND Q3 financials will be released soon. Perhaps they want them both to come out together because Q3 is much better. That's not what JD has been saying up to this point."
That is what I am anticipating also because I don't believe that Q2 will be good. He doesn't want the pps to take a hit and investors bail when they see Q2.
Yeah, I had to pay .0042 for mine today. I need to be quicker on the draw next time.
Looks like they bumped the ask to .0044. He might have to raise his bid to get them today.
"Looks like another crappy day in the neighborhood."
Mr. Rodgers
AAAGGGGHHHHH!!!
Sorry, had to vent a little.
Everything fine here except the share price.
I can't believe that anyone would be selling at these levels.
The business plan is coming together here.
Flight school moving forward to attract international students to its program.
Acquisitions to close anytime now.
News on new share structure soon.
Patience my friends......
"Just did it again...I submitted a 10K at .036 order...executed at .035 WTF?"
You are complaining because you got a lower price?
Big volume for DNPI today.
Up 31% on service contract news.
Consolidating .56-.58 before next leg up.
DNPI running. Up 31%
Good news yesterday about service contracts.
Yeah, I am just not sure of the $70 projection for BZH.
Heck, $25 sounds good to me by the end of next year.
Adding on dips.
detearing,
I was around during the oil crises in Houston in the '80s. Many thousand of foreclosures, I know this is hard for people to believe, but it was worse than the current national crises.
It started in 1985 and the bottom was in 1986 and it wasn't until 1988 that the supply of foreclosures dried up and they started building houses at a good clip again. So if you figure 2009 is the low point then I figure that 2011 homebuilding will be back to normal.
Of course the stock prices of the homebuilders should continue to increase from this point as people realize that the bottom is in.
Great post!
I would proudly wear a hat when EVRM hits a quarter.
Contractor, I highly doubt that you will see .0005 this year, and if it did I would buy several million shares.
Most years it gets down to about where it is now .003-.004 where folks load up for the next season's fun. The volume is very high this week due to people doing just that.
KBH,
Well it wasn't a good day for most of us in pennyland.
EVRM was my only holding to go up today (11.67%), and it went up sooner than I expected so I didn't load up like I wanted to.
Other ones are way overdue for news such as EXPH, EXPU, QASP.
I never said that they were profitable but that they were getting very close to it.
A dividend? You must be joking.
Yes, tons of companies do roof repair but they do not specialize in storm repair. Most of them are not public.
Construction industry has been hit hard in the past year and many are losing money. The difference with NSMG is that they cut their losses during this period and by next qtr should be profitable.
Also remember that the price is .0036. If they had already reported profits it would probably be much higher.
Mass dilution and panic selling = buying opportunity.
Deutsche is buying at a bargain price and those with dry powder are loading up. Lowered my average today.
Soxfan,
Most home repair companies are private and work in a specific geographic area.
NSMG is a public company that specializes in repairing dwellings after major events occur such as hurricanes or hailstorms. They work with insurance companies mainly in the area of roof repair. They can open an office quickly in hard hit areas.
NSMG had $1.7M revenue in the latest qtr and were almost profitable.
But not enough buying to counter the sells.
Probably a large shareholder decided to sell.
Major dumpage.
"Lions the DOW is Flirting with the 10k.WoW. "
Yeah the DOW is fine but pennies suck this week.
Pennies seem to act in the inverse of the big board.
Maybe I need to get more big board stocks as a hedge.