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I dont want to tell anyone what to do, but putting 23 % of your total assets in a stock like this is ludicrous. I have 12 to 14 of these moonshots in my portfolio at all times. 8 or 9 with between 100000 to 400000 shares each,but they are less than 10% of my holdings.Please dont do that again. This is a great board, lots of very intelligent and intresting people. Also great moderators, they allow lots of off topic and meaningless banter.Which is the spice of life.As far as all the broken promises and missed time tables, this is normal. Having sat across the table from these people who wanted my money to forfill there dreams, I can safley say the rim of a coffee cup would give you a straighter answer than they can. Can, not will. Because most of the time they really dont know. So please do not put too much into these start ups. Best of luck. The old guy.
It depends on the ground and the length of the growing season .
My o my how things change, 6 months ago 200 posts a day. Now not even 25. That says it all. Last one out please turn out the lights.
Take a look at ca:spm scorpio mining. I have just added 40000 shares to my postion making it 100000. They are getting close to production. This is an old ascarco mind that I am very familar with. I liked it 25 years ago and even more now. There figures are based on a 1000 ton per day mill, but I know that property can easily support a 2000 ton mill. It is a huge property with upwards of 20 anomalys. They have only drilled four of them. Best of luck. THE OLD GUY
ooooooh all those negative vibes
If anyone here hasn't figured out by now that this stock is a lottery ticket, you should see your doctor about having your medicine changed. Best of luck to all. THE OLD GUY
Almost forgot, be very carefull on the dirt road. Heavy truck traffic on it, and they have the pedal to the metal. THE OLD GUY
North bay. It is easy to find. Just go east on 17.When you pass Bisset Creek, its on Bisset Creek road. Its a right turn, the road only goes one way. All dirt road, first 9 miles. Then turn left at company sign. Last two miles ugly. Almost lost my oil pan on the loose rocks. Hope they fix the road before your journey. From what little information I have. It seems they failed because ther seperation equimpment was not sophisticated enough. At that point they were out of capital and were not in a position to upgrade it. Best of luck. THE OLD GUY
I live in Wisconsin.I have a small position of 100000 shares. Unfortunately at a price well over a dollar a share. I am retired, so I took a ride up there to see what was going on. As they say all I know is what I read in the newspapers. I know nothing of the new people that have taken over. This stock is a very small part of my holdings, so I will hold it for awhile to see what happens. Sorry I can't be a bigger help to you. Best of luck. THE OLD GUY
Off topic, but congratulations to those who bought my battery stock ALTI and my gold stock GG. THE OLD GUY
To november 61, lets make this intresting. If this turkey is at 2.00 on december 25, I will give you 2.10 for each share you own. if it isn't you will give me 1.90 for each share I own. My lawyer is waiting for you to contact us so the papers can be drawn up. I am so excited, just waiting for your reply. THE OLD GUY
a GREAT IDEA all the stockholders should send them a GET-A-WELL card.
A great idea. All the stockholders should send them a GET-A-WELL CARD.
Don't count on charcoal to save you. The highest rate of stomach cancer is in Japan where they cook everything on charcoal braisers.
To copley Ill give you two silver stocks ca:spm ca:czn BEST OF LUCK THE OLD GUY
I have looked into my top secret BALL and it says BRUNSWICK 16 lbs.
Why would you sell here ? You need the tax loss? The risk to reward ratio favors being long. Yes 9 out of ten of these tur
keys go no where, but hang around a lot longer than you can.First of all either own 10000 shares at this price or none. One thousand shares at 25 dollars is not even a new car. Bad investment. Stocks like this are what we call moonshots. You want to own enough shares that if by the grace of god fortune smiles on you, you have enough that it makes a life style change in your life. You look at this as if you are buying a cheap option that never expires, or till it goes bankrupt. After all is said and done your not playing this game just to kiss your sister. Best of luck to all. THE OLD GUY
HELLO any one out there? I be new to this dog. Are they the only ones drilling in Tas or are there others. THE OLD GUY
Any drop in the markets will be short lived. As long as all the major powers keep printing money at 12 to 16 % a year. It will not fall far. Ever day 5000 Arab Princes have one million or more dollars that they have to invest, with no real place other than the market to put it in. Best of luck to all. THE OLD GUY
Its the best stock I ever saw. Please buy two billion shares.Thank you in advance for your purchase. THE OLD GUY
Here is my post on the CYGX board,it seems to fit here too. Posted by: oldguy
In reply to: None Date:7/26/2007 12:49:36 PM
Post #of 52261
Most of you people have no patience. Investing in stocks is akin to growing a garden or forest. It takes time to grow the crop. Unfortunately the crop you picked was trees. Over at ITKG they have been waiting 10 years. Now it looks like their crop is about to come in. 5 more years and yours may do the same. For your own sanity, stop looking at this thing 10 times a day. Once a week is more than enough. Don't worry about the market. Try to make it a small part of your life. Good luck to all. THE OLD GUY
Most of you people have no patience. Investing in stocks is akin to growing a garden or forest. It takes time to grow the crop. Unfortunately the crop you picked was trees. Over at ITKG they have been waiting 10 years. Now it looks like their crop is about to come in. 5 more years and yours may do the same. For your own sanity, stop looking at this thing 10 times a day. Once a week is more than enough. Don't worry about the market. Try to make it a small part of your life. Good luck to all. THE OLD GUY
Arnold your a real breath of fresh air. I'll bet your lucky number is 666.
no they changed that Its 3 for 2 now
To NYbob thanks for the reply but it does not answer my question. Is there a whole town near Timmons that is being bought up for a new mine to be built by GG. If there is, is it as big as the rumors have it. As big as 500 million ozs. I hold 10000 shares but will buy more if this is for real. Or close to real. THE OLD GUY
To Sanoman and the Wawh, while I am waiting for my CYGX stock to make me rich. I have taken a rather large postion in MNCN. My DD was I liked the cast of characters and the high tech product. Best of luck to all the CYGX holders. THE OLD GUY
To anyone out there. Have just returned from Timmons. Ran into two good old boys that were half lit up. Started talking mining stocks. They asked me if I had heard about the big mine GG was going to put in near Timmonds. They said that they were buying up a whole town to tear it down. Said there was a big public meeting about it. They threw out the number 500 million ounces. Wanted to stay and try to check it out,but the warden wouldn't let me. Anyone know if this is myth or fact. Have large position in GG already, but if for real. I want to buy more!
THE OLD GUY
I have just returned from the mine site. At site monday the 9th.No activity at all. No electric on site. They have to produce their own using LP GAS. This makes for expensive operating. 10 miles of dirt road to get there. The last 2 real bad.Dam near lost my oil pan of the rocks. Tried to make an unanounced vist to the Toronto office. They gave me the runaround. No one is ever here, by appointment only and one I had not heard before. The main office is in Calgary. Whats with that? As I understand it the present screening process does not work. It will take at least one million to upgrade it. Three or four million for other improvements and opperating capitol. They will have to sell a lot of stock to get that money.I am a long time holder. In at a high price and with a large position. Am not real happy at the moment. THE OLD GUY
TO THE WAWH, two websites for you to check out. www.h2fcc.ca www.fcexpo.jp Have a nice day. THE OLD GUY
To SANOMAN one of the few that wants to learn how the game is played.
interesting read........................
Posted by: turbosetch
In reply to: turbosetch who wrote msg# 22631 Date:6/26/2007 12:22:18 PM
Post #of 22654
All I can find right now but a good read..
I was an OTC MM for about 10 years ending in the late 80's. Since then I have been strictly an investor. Since I have not been that up to date in MM rules I will only make statements that I feel fairly confident are still accurate regarding these activities. By and large most MM don't have a clue nor do they care to learn, about the fundamentals of the stocks they trade.
They just try to make orderly markets. When dealing with BB stocks it is very easy for a MM to get trapped into being short in dealing in a fast moving market. Reason being; most of the MM's in this stock are what are called "wholesalers" this means they don't have retail brokers "working" the stocks.
So they have to rely on what's known as the "call" from larger retail houses. If a "Big" retail firm like an E-trade calls up a market maker to purchase say 5,000 shares of a stock, they expect to get an "execution" from that market maker. If he turns them down, or only gives a partial then the "Big" firm will go to another MM.
If this second MM "fills the order" then that "Big" firm has a moral obligation to continue to give future "business" in that stock to that MM who performed (his life blood). This will go on until he "fails" to perform and so on.
Contrary to popular opinion the "Big" firms Do NOT neccessarily go to the "Low Offer" to fill a buy order (Or high bid for a sell). They "Go" to who they think will perform to fill the order and expect that MM to "match" the "low offer" in the case of a buy (bid in the case of a sell). Even though this MM might in fact be the "high bid" and not really want to sell any more.
As a wholesaler he must perform or he will get a reputation as a "non-performer" with the "Big" houses and will cease getting "calls" which means he will soon go out of business. I mentioned above that this activity is very significant to BB stocks. I say this because most of the trades in these BB stocks are "unsolicited" and are done through discount houses.
With the above groundwork laid, let me try to explain how market makers get short even if they like the Company; Lets say that a stock (shell) has been lying quietly at $.25 bid $.50 offered. A limit order comes into one of the MM's to Buy at $.50 for a thousand shares. Prior to this trade that MM may be "flat" (neither long or short any shares). He fills the order and is now short 1,000 shares. He may raise his bid hoping to find a seller to "flatten" out his position. But before he realizes it a wave of buyers have come in and cleared out all the $.50 offers. Now the stock is $.50 bid .75 offered. Here comes that "Big" firm he just sold the 1,000 shares to at .50 with another bid for 1000 at .75. He makes this print. Now he is short 2,000 at an average of .625. The market keeps moving and now its .75 bid 1.00 offered. Now he has to make a decision.
Just like investors, MM Hate to take a loss. So 9 times out of 10 he will now sell 2000 at 1.00 making him short 4000 but with an average .81. At this time he would love to see a seller at .75 so he can cover his short and make a few bucks.
But instead the market keeps moving up. Now it is 1.00 to 1.25 and here comes the buyer again at 1.25. He doesn't want to lose the call so now he needs to sell 4,000 at 1.25 to keep his break even point above the bid. Now he is short 8,000. Market moves up to 1.25 bid 1.50 offer here comes the buyer now he feels he must sell 8000 here because "stocks don't go up forever".
Now he is short 16,000. And so on and so on. If the stock keeps moving up, before he realizes it he could be short 50k or 100k shares (depending how big his bank is). _________________________
Finally the market closes for the day and on paper he may look all right in that his "break even" price may be around the closing price. But now he has to figure out how to entice sellers so he can cover this short. It is important to note that if this happened to one MM it has probably happened to most all of them.
Some ways MM's entice sellers; Run the stock up with a "tight spread" in a fast market, then "open" up the spread to slow down the buying interest. After it has "cooled off" for a little while lower the offer below the last trade right after a small piece trades on the offer then tighten the spread so that the sellers feel they can take a "quick profit" by "hitting the bid" on the tight spread.
Once the selling starts the MM's will walk it down quickly by only making small prints on the way down with the tight spread. Another way is by running the stock up in the morning, averaging up their short then use the above technique to walk it down in the afternoon.
Hopefully after doing this for several days, it will demoralize the buyers. The volume will dry up and the sellers will materialize thinking that the game is over.
Contrary to popular opinion, MM usually Do Not Cover in Fast moving markets either Up or Down if they are short. They Short More. They usually try to cover after the frenzy is out of the market. There are many other techniques they use but the above are the most popular.
This technique works about 9 times out of 10 particularly in a BB market. However that is because 9 out of 10 BB stocks are BS. Remember what I said above. Most MM's don't have a clue as to the value of a Company until they get trapped. If the Company has solid fundementals and a bright future. Then the stock will do very well. And the activity that caused the situation will prove to even help the future stock activity because it created an audience."
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TO SANOMAN I had some time today so I looked at your LTHU. Its intresting. But I did not like all the 8Ks and 13d.Were talking 500 million to one billion shares for a company that makes no mention of patented technology or breakthru tech that is diffrent or far superior then its compeditors. The worst is the trade of 5 hundred thousand dollars for 40 million shares. Thats .012 cents per share. I would be happy to sell them all to you at a dime, and walk a way with the small profit of four and one half million. I am a agronomist,micro nutrients is my field. Perhaps someone on the LTHU board can shed more light on this stock for you. I am in love with ALTI. When someone gives you part of their company for a 3 year exclusive right to use your battery. I have to buy. Best of luck with your stocks. THE OLD GUY
TO SIDECAR 82 RENTECH got a writeup out east versus PEABODY COAL fpr the big forthcomming goverment grants for coal to oil conversion. Looks like they will take the old paper mill property in NATCHEZ THE OLD GUY
To LARICE I got hundreds or thousands of tickets, but so far I haven't packed my bags for the trip.
CYGX as part of your portfolio.These little cats and dogs should never make up more than 10 to 20 percent of your portfolio.How to create a proper portfolio takes much time to explain and takes into account more than how money you have. If someone wants me to go into it, please ask. Now we will use 10 percent as an example. Four hundred thousand, 10 percent, forty thousand.Divided by 10,four thousand for each stock. Attention do not buy equal share amounts. Buy equal dollar amounts. 3 will go bankrupt,3 will go nowhere 2 will make some money 1 will pay for all the losers. The last one will make the big bucks, and it will never be the one that you thought would be worth a damm. Please do not think that CYGX at .40 cents has a better chance of making it happen that USSE at .07 cents. Yes USSE has more red flags then Red Square in Moskow, a cast of characters equal to the Three Stooges,and it seems to be run by the Keystone Cops.If by some unbelivable chance it works. I WANT IN. Lets face it, were not here to kiss our sister, WE WANT A MOON SHOT Yes I have a large position in USSE. I do not recoomend the stock to anyone. In fact please stay away, it is only for dumb POLOCKS and rainbow chasers of which I am both.By now someone is saying, does this guy buy any real stocks.Yes he do. Last week he bought 10000 shares of GG . I am telling you how many shares only to make the point that if all ten of my turkeys go south, I won't be hurt. Not for Ego. Please trade the same way, so if your turkeys go south, you wont have to change your lifestyle. Best of health, may there be love in your life and do not take on postions that make it hard to sleep at nite . THE OLD GUY
TO FEARFROST To talk about my life would fill a book. It takes much backround to put it into perspective.I feel one of your questions is how to live life. My father was the most igronant POLOCK that ever lived. But he taught me to follow the ten commandments, which allowed me to live life not having to look over my shoulder. Or hang my head in shame. He taught me how to spend money. Rule one, money is only good when your spending it. Rule 2, 3, 4, 5, See rule one. I would go out on a friday night and the next day he would ask me if I had a good time. If my answer was it was all right, nothing special. He would tear into me, you wasted the money. Then he would make me work extra hours the rest of the week to make up for what I spent. One time I came home and said I had spent 200 dollars on a friday night.Back then that was a lot of money. His first and only question was, did you have a good time? Dad I had a great time, I was throwing 5 and 10 dollar bills at the band stand so they wouldn,t stop playing.They said it didient matter what I threw, they had to take a break. We was a great time. He said, best money you ever spent, turned and walked away and never mentioned it again. Best of luck to evey one. THE OLD GUY
To SANOMAN I know nothing of LTHU. I will try to look at it later this week. I am very slow as my computer skills are very limited. A machine such as this defies the logic that I grew up with when to turn it off, I have to click on start. Thanks for giving me something to do. THE OLD GUY
To the board I want to thank them for letting me post off topic.I really really appreiate it. Old people have a closet full of T-SHIRTS they all say been there done that got a tshirt. They love to tell stories.They love to teach. If you take the time to listen You wont lose so much time reinventing the wheel over and over and over. After all you never learn anything when your doing the talking.Back to CYGX stop checking the price 10 times a day, it won't help. Stop worrying about every little ying and yang. Please don't put all your eggs in one basket. A stock of this type should be a very small part of your portfolio.Its not the type of stock like FT that you can put in a tin box lock it up and 10 years from now you will make 5 to ten times on your money. Yes I have a large position in it. Some day someone will need that 2 billion tons of coal. Someday they will need that bismuth and cobalt for batteries.My kind of stock, buy it and forget you own it. The big money is always made by sitting and doing nothing. You want action take 300 and go to the track. Enough for today. The warden is giving me a pass to go to the off track betting today. I got a horse running 8 race at finger lakes thunder something or other. Last time he ran like a lead sled, lost my 300.No I don't own him.Everyone have a nice day. THE OLD GUY
To the WAWH Reconsider what ? dieing ? I'm 92 they don't give you much choice out here at cheapie pines In fact thats the only way they let you leave here. Have a nice weekend I got to go make love to a prune. THE OLD GUY
To the WAWH: Hydrogen for fuel cells has way to many problems. I will not get into the complex ones, just one simple one. If you have ever seen a hydrogen bus run, the water comes out of the tailpipe like its coming out of a garden hose. Just think of what would happen in jan and feb. north of the mason dixon line.ooooooh Look at PWAC If zink is at .50 per lb. they can produce electric at .05 per killowatt Zink is now at 1.60 but there are alot of new mines that will come on in 3 to 5 years. It should trade between 1.00 and 1.20 and as the cost of alterative fuels go up it will be competitive.I am not saying this stock is the answer, but the technology is very intresting. Yes I own a large postion. Please due your DD . Best of luck to all. THE OLD GUY
As long as I have someone that is reading my posts I will tell you how to make the big money. You find a need that has to be filled. Ill give you one. Batterys. It is now possiable to make electricity by solar as cheap as other methods. But to be feasible you have to store it for when the sun don't shine. Thats the future. Thats where you go. Along that vain of thinking is batterys for cars , trucks and buses. I'll give you one to look at. Yes I have a large postion in it. ALTI Go to their website and on the left hit batterys, than look at all the news relases.Go to thoes company websites.Often the players are very important. In our world what is said by you and me means nothing. But when said by people of prominence suddlenly becomes big important news. Please do your dd and if you wan't more to look at, just ask. Good luck to all.