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a) nothing is impossible. its not positive thinking or any of that...if they are being bought out for that much of a price increase i would be working 24/7 to close this deal as soon as i cud. im not saying that everything is legit but they have shown credibility for my sake and im using my own gut to invest. u may be scaring others away and if the deal doesnt go through then im fine with money i lose...however you saying that you are on this board with NO INTEREST of your own...but ridiculing every move made should have set off red flags in every investor (new or old) that they should stop listening to your rants and do their own work.
News out
http://custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={7B45D696-D8F3-4F8C-974B-BFC409BB6EF0}
guaranteed people are gonna say that they "are pushing the date back to the 30th" but really people relax...they had HOPED TO GET THE DEAL DONE by the 10th but the closing date was always set as the 30th....jus relax...i have confidence in this management team and i got back in yesterday at 16...they have done everything well and i believe in them more than i believe most of the nay sayers here
i wouldnt really put too much power on the technical analysis of this stock.....its really running on PR's from the company about the buyout...technical analysis says this stock is ready to run...real world says this stock could go to triple zeros within seconds of a bad PR
it says that there are more than a billion shares outstanding...11.54 billion is more than a billion. not really that big of a deal
about 75 thousand dollars of buy at the ask going thru in the last couple of mins...someone has some incredible confidence in this buyout
its gonna keep selling now untill it hits Apr 10th...people really not believing that this buyer will be announced nor are they believin that anything will happen....if u believe hold tight...if not and ur looking for a quick flip its not gonna happen anymore....its either straight down or straight up from here
so 6 billion shares are owned by those 3...whats the total amount of shares out?
can someone post up occasional L2? im at work and cant get my platform up and running...also..what seems to be the next resistance level?
this may sound a little ridiculous but i was wondering abt the current pps vs the offered pps and i came up with this conclusion...feel free to rip me apart if im completely wrong but it seems to make sense to me
for larger cap companies when there is news about a buyout the pps goes to within 1 or two cents cuz most investors are pretty sure that the buyout will happen...ie 99% sure or so...with pink sheets like this stock most investors are very wary of buyout possibilities therefore the stock price doesnt always shoot up right away...cud it be that people are basing the pps off their own probabilites of buyout happening...for instance...with this stock the current pps is 20% of the buyout price...so could investors be 20% sure that the buyout is going to happen? i cud be completely wrong but i see that even with the other stock that is quite mentioned around here (i forget the name)..the buyout offer was something like 10 cents...and it jumped to 2 cents (another 20%) and then dropped when the buyout dint go thru...
feel free to refute and tell me im wrong....i wud appreciate any further clarification
I have TD Ameritrade and its not giving me a level 2 on any pink sheet stocks...can anyone give me a place i can get a full level 2 on pink sheets? preferrably free
doesnt look like we are gonna past that .0021 level anytime soon....arca sitting there w/ a MASSIVE order...this stock is set to be a small flipper between 19 and 21 at the most....people jus holding on now with the hopes of a buyout...hopefully they are mostly riding free shares and not all of their money
7s are definitely the new support level...im glad to see that...not gonna lie i have flipped this stock a couple times but after this mornings news i got in at 6 and plan to stay for awhile. this stock is heading up and a lil bit more buying pressure and we cud really head off :)
L2? how many left at 7?
this shud fly later today....flippers need to get out for alil
took 25 mins but im in this one at 7s...lets hope for a finish around 10...this is great news and a 16% gain on the day is great but this news shud make it run at least 50% if not 60-70%
seems people are holding on to their shares waiting for the next 10 days to see what happens....
huge news out this one should make it run big today :)
Med Gen Inc. (Pink Sheets: MDIN) announced today that its wholly owned subsidiary, NorthStar Business and Property Brokers, Inc., has signed a Multi-Million dollar listing agreement to intermediate the sale of several agricultural properties located in Colombia plus Central American countries. The properties consist of over thirty coffee producing plantations, several fruit bearing farms and even a small island.
The agreement outlines NorthStar's rights to list the properties on behalf of the seller and represents as much as a ten percent commission upon sale to the company which translates into well over ten million dollars. This is NorthStar's first international listing and the Company has plans to expand very quickly to grab global market share.
"NorthStar has a tremendous opportunity here to be the top provider of business intermediary services," said Med Gen CEO and founder of NorthStar, Raymond Barton. "This represents the very tip of the business brokerage iceberg, and NorthStar has the technology, infrastructure, and talented personnel to lead the industry."
The client was procured by one of NorthStar's senior brokers, Joseph Knoll, who is currently in talks with almost a dozen similar clients, several of them representing multi-million dollar deals. These properties are not yet listed on the NorthStar website, as the company is working on customized presentations for the client.
Due to the influx of interest, the company urges anyone interested in the Properties to call 1-877-570-1581 and a senior broker will return requests for information. Investors are encouraged to visit for future news and information regarding the Company.
lots of hits going thru at 19...if it breaks 19 look out below...maybe time for another flipping opportunity...anyone have l2?
can someone post up a current screenshot of L2...i wanna kno if we are gona be sitting in this range for a while...then maybe i can actually do other work...21's are getting hit but there is no movement
the .002 seems to be the holding point for today...if that breaks, however, there cud be a major drop IMO
flipping opportunities seem to starting to close up as well
start
.0005-.00035 dropped back to .0011 then up to .003 then brief hit at .0008 with more consolidation at .0011/.0012 (but only due to a crappy conference call) the real consolidation even before the call was the same as has been over the past two trading days (.0018 and .002)there
i believe the next time there is a .003 hit it wont drop all the way back to .0011 but instead if there is a drop itll hit back to .002 effectively reducing the vast difference between prices and the vast profits made by flipping.
pink sheets and BB are really messed up this morning...my entire watchlist is getting screwed up.
has anyone else just experienced a major discrepancy in the bid and ask? my bid and ask just froze at bid - .001 and ask .009
had the order set for .0001 for almost 2 months now. still sitting there with all 10 million. looks like im on the bottom of the pit for taking shares haha...maybe itll open up tomorrow at .01...wudnt that be nice haha
i got out a while ago (around .0025) so dont consider me a pumper but i believe this stock has a couple of more runs left in it. after all they havnt officially said the deal is off so any more PR about the processes being completed for the deal could make this stock run quite a bit
quite a bit of volume compartively yesterday (March 24th)....something up in this pos?
been in 10 million at .0001 since beginning of february and just wanna get some money out!
my major question would be. they know that with a crap CC like that, the stock will plummet especially with all the hype. why not wait for after market hours or pre-market hours?
the stop loss is not for losing right away...you would never set a stop loss for 1 dollar if you bought at 2....you would normally set the stop for 3 dollars if you bought at 2. in your casino example we would speak of a stop loss after you have won 3-4 hands and want to walk away with extra money in your pocket. the market is nothing like vegas in the sense of "you expect to lose what you came in with". The market is a place where you expect to walk out at a time where you are profiting the most. No matter the stock or the research you are in to make money not to walk away with 0.
that is very true, good point did not think of percentages...i was thinking that most investors set trailing stop based on ticks not percentages. thats my fault
dshngmike1978...if we cancel stop losses and set a "limit" to sell at where we bought it will execute the order right away unless we bought higher than the current PPS....a stop loss is if the stock ticks all the way down to the number we set...only then will it be executed....
a "safe" stop would be dependent on where you got in and how much profit you are willing to "settle" with. personally at the speed with which we are heading up it might be better to set a trailing stop and in my honest opinion id go w/ .0005...if u can only set a stop loss then try to set one with ur own personal rules. my rule is that i must always lock in 1/3 of my initial investment. so if i invest 600 i will set my stop loss at a price that will get me 200 profit back.
remember! profits are always whats needed. set ur stop or trailing stop losses in case of any bad news!! we are booming today but never forget that the green u see is still only on paper until u lock it in!
skype calling USA 2.4 cents a minute and relianceglobalcall is 2.9 cents a minute
u can use a pay-by-minute plan from either reliance or skype...i dont know how much you are paying but those both are relatively cheap to call from canada to US
i know after comparing it to the ones that started me in the pinksheet market. i came from trading in the S&P to the pinksheets and when i tried to do my research on the pinksheets early on i found nothing of worth for any of them. this company has its financials reported (albeit not for a quite a while now), this company has contracts and has done research with top universities that has been corroborated by those universities. again i could be wrong but i believe in my research enough to believe that this is for real
i admit..im not an experienced player in the pinksheets or the OTC market. i have only been playing with these for the past 6 months so i may not kno alot about the actual market but what i do know is that this company is alot more legitimate than some of the ones i have seen in the past 6 months...and the "experienced players" seem to think they are clairvoyant and predict that this stock is "just like every pinkie"....personally i dont care as much if the news is horrendous or excellent because i am riding free shares...took out profit after i doubled my money and now im jus waiting.
SteveF - its not necessarily just the posts on a day like this...the fact that there is a conference call that some people wont be able to listen to plays a HUGE part today...when people cant hear the news and start seeing posts such as "bad news out" or "company not really selling" they will get trigger happy and sell quickly in fear of losing whatever profit they have. And as sad as it is we both know there will be people posting as such even if the news is that there will be a halt in trading to finalize the deal tomorrow.
high time - at the time of the CC u will call that number and be asked for an "access code" or something to that extent...u will enter the code that they gave and u will be connected into the call
tommm the CC will be at 7 pm tonight for you...you are 5 hours ahead of eastern time and the cc will be at 2 pm eastern so 7 pm for you
i would be careful watching the "updates" from the conference call on here because there may be some people attempting to pick up shares and therefore purposely screaming out about bad news (aka bashers)....ive seen it happen too many times
i wud recommend watching the PPS and setting a stop limit at a lower (but still profitable) price just in case things start to go really wrong....hopefully they dont and we continue our path upwards...
been long since .0006 and hoping for that nice payout :) GLTA
something is really fishy with these 10k buys with 2 9 million share dumps jus happening now