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Last chance for the shorts IMO
EFCR - Open gap was a 500k trade posted at .0134 a few minutes before market open. It will likely fill IMO
EFCR - Volume picking up - Looks ready to move today!
EFCR - Volume picking up - Looks ready to move today!
10-K/A - This is an amendment to the previously filed report. Did anybody notice what has changed?
Edited... Thanks Rookie
Did some more shorts just get trapped???
My local TD Ameritrade Broker made the mistake of giving me a courtesy call today. After I unloaded on him about how unhappy I am with not being able to trade CSHD, I doubt he will ever call back.
I told him that all I really need is a Broker that will execute my trades and not try to tell me or force me on my trade decisions.
Other Comprehensive Income
Comprehensive income is the total non-owner change in equity for a given period. Comprehensive income is composed of net income and other comprehensive income (OCI). Prior to the issuance of SFAS No. 130, OCI components did not flow through any type of performance statement, but accumulated directly in equity. Under SFAS No. 130, these non-owner changes in equity must be reported in a financial statement with the same prominence as other financial statements. A total for comprehensive income can be reported in a statement of income and comprehensive income, statement of comprehensive income, or statement of changes in equity.
Source: CPA Journal
http://www.nysscpa.org/cpajournal/2000/0300/d54300a.htm
Combination of day traders, flippers and profit taking going on right now IMO. I look for a good close from here.
otcbbforme.. Ameritrade had already restricted buying of CSHD before the press release you linked to.
I remember Serfy saying.. "When a squeeze starts, you will definitely know it".
He is absolutely right and it is a thing of beauty.
Agree... Tomorrow should be better! Tomorrow should really get interesting when Shorty starts to get a margin call.
550 shares @ $2 was probably a MM painting the tape to make the intra-day chart look like a reversal pattern. Just more desperation IMO.
You said... "The SEC should be ashamed of themselves for letting this stock get as high as it has."
What I say is... The SEC should be ashamed of themselves for letting the naked short position get as high as it has.
CSHD - Squeeze in progress
Margin Calls tonight and even more buying tomorrow???
I got filled at .16 through NITE - em
Test Sig
A really great DD post from RyanPBF and then we get Cleopatra. Somebody just shoot me for following this board... Please!
I wish you the best of luck ohgeez.
I'm not sure if this is the best stock for a "do or die" strategy. I am still here because I have already booked over $40k in profit. I have a much smaller holding than my initial buys at around 20 cents. I am also still here because I am fascinated with this stock and can't wait to see the exciting conclusion of the show. I still give it a little over 50% chance of being a huge winner.
I have a degree in business which doesn't hurt. I can read, understand and analyze financial statements. I also take the time to read SEC filings. Most of what you need to know is there!
Knowledge is the most important key to trading for a living. 90% of the money is made by 10% of the people. I have read dozens of books and consider myself an expert in both fundamental and technical analysis.
Take the time to learn! The experienced traders will kill you unless you are smarter than they are.
Exactly! What TD Ameritrade has done is the same as a basher coming here and and trying to save me! I pay them to execute trades and not to provide investment advice.
TD Ameritrade has taken away my opportunity to play the volatility. If this spikes, I cannot sell and then buy back lower without calling a broker (the opportunity may have already passed by the time I get a broker on the line and listen to all the warning crap).
I am very pissed with TDA. I have been doing this for my living for almost seven years without any help! I trade four accounts with them but you can bet that they will lose some or all over this BS.
The key to CBAY success is in the 10-Q. It is all about the Stonewall Note. They do not have an operating profit at this time but the proceeds from the Stonewall Note would give them more than adequate operating capital to expand and develop current properties.
There are two main questions here...
1. Will they receive the nearly $15 million dollars?
2. How many preferred shares will they have to give Ararat, LLC?
Here is the entire paragraph from the 10-Q
In the 3rd quarter ending September 30, 2005 the Company purchased the first mortgage position (the "NOTE") on a parcel of land comprising of approximately 290 acres in West Palm Beach, Florida. The company purchased the note on the property from Ararat LLC for $5,500,000 payable as follows;$1,500,000 cash and $4,000,000 of the Company's Preferred B stock. This note was accruing interest at the rate of approximately $32,000.00 per month and matured in the first quarter of 2006.Its original value upon maturity was estimated to be approximately $8,000,000.00.The Preferred B shares issued to Ararat, LLC for the purchase were canceled by mutual agreement due to the stock value after the company's reverse split in 2005. Ararat is still owed Preferred B shares and the number of shares to be issued is to be determined. The current status as of June 30, 2006: the property has since been sold to Lennar Homes for $13.6M and Cal-Bay's first secured mortgage position (as recorded in the West Palm Beach County Recorders Office, 2005) is awaiting distribution of proceeds which are currently under the control of a Court appointed Trustee in Aberdeen, Mississippi. Cal-Bay's council uncovered an underlying promissory note which has been accruing interest on the principal note which according to Cal-Bay's legal department the combined notes now have a combined face value of $14,997,390 and are still accruing interest until distribution of proceeds.
I don't disagree with anything you have said except for the dilution issue. I find the trading volume very suspicious since August 29. The volume was much too high for the reported float of 29+ million. The A/S was changed on August 22. It is pretty easy to put 2 and 2 together and "suspect" that there has been new dilution in addition to the seven million shares we already know about. All I am saying is that there is uncertainty here and the Market hates uncertainty. If the transfer agent can confirm that the O/S is still around 29 million, I would feel much more comfortable adding more at these prices.
Why has AAGH not revealed the reason for the increase in A/S? The increase may not be a bad thing in the long run but uncertainty scares away potential buyers. I still have a modest position and will hold it for now but I will not add more until I have more information.
I agree completely chechako. I am staying on the sidelines until I know why they increased the A/S. I'm starting to believe that new dilutive shares are already hitting the market.
cabel - Just look at the recent SEC filings. If you don't have that much time for DD then you should not be trading this stock. The SEC filings fully explain the assets. You are not going to get much help on this board; most here are pumped up and ready to attack.
From CSHD IHUB Board
Posted by: ohgeez
In reply to: None Date:9/14/2006 12:30:08 AM
Post #of 74066
NO MATTER WHAT RUFUS HAS DONE...
I am CLOSING my TDAMERITRADE ACCOUNT.
PERIOD.
Did They send me an EMAIL stating that I couldnt buy CSHD?
NO!
They just cut me off with no explanation.
NOW...
Maybe they are right.
BUT ITS MY MONEY!
ohgeez.... May I have your permission to copy your post to the AMTD IHUB board?
IHDR, You need to stay around. I think the fun is far from over. Rufus has just begun and, IMO, he has a pick-up truck full of bullets left to shoot. Every time I think this stock can't get any more interesting.... here comes another and more exciting bullet.
You already have your ticket. Just hang around and enjoy the show of the year!
In an earlier post, I suggested that NITE has a large short position in AAGH.
http://www.investorshub.com/boards/read_msg.asp?message_id=13250917
I agree! It is very unethical to bash just to pick up cheap shares. Unfortunately it happens all the time; the good thing is that most seasoned traders can see through the dirt.
An increase in AS can turn out to be very positive but I believe AAGH needs to do a PR and explain to shareholders why they have decided to do this.
Take the time to watch the slide show mentioned in the PR.
For additional information concerning "Short Selling," please read "Darkside of the Looking Glass." by Dr. Patrick Byrne http://www.businessjive.com/nss/darkside.html
It has been posted here several times in the past but I never took the time to watch it because it is long. I finally did take the time and it was well worth it. It is extremely educational about how shares settle and how FTDs (Failure To Deliver) are created, especially outside of the DTCC.
Watch it, even if it is only through the first 20 slides and you will be a much smarter trader.
I have several GTCs, all above $40
My TDA GTC orders are still open. I guess that is a positive sign!
WOW - I bet TD Ameritrade didn't see that one coming.
Just have to wonder if the short selling has not been done by someone hacking TDA. I already have suspected them of having security issues.
My most often used overbought/oversold indicator is Slow Stochastic (5,3) on the daily chart. I also use RSI and CCI.
It is really nothing more than typical trading activity. A buy and hold strategy rarely results in the highest returns. Day Traders have been playing this during the day and Swing Traders have been waiting for an overbought condition to take profits.
I am a Swing Trader. I bought 70k below 20 cents and sold most of it over the past two days between 0.28 - 0.318 because the daily chart was indicating an overbought condition.
I really like the long-term prospects for AAGH but I will milk every penny I can by using technical analysis to determine my entry and exit points. Nothing is more frustrating than having a nice profit and then riding it back down. Learn to take your profits. A stock may run away occasionally but in the long run you are better off taking the money and run. The old saying is... "You never go broke taking a profit".
I'm still holding 15k after booking $6,700 profit. I plan to make more on AAGH in the future. It is much easier to know when to buy than when to sell. Learn to use technical analysis as it will help to reduce emotional decisions.
Don't bother to bash as I will not respond.
I had the same problem getting a fill at the Ask. When the Ask dropped to .24 there was three MMs. I put in a bid at .24 but had to chase it to .245; then I got only a partial fill. Short MMs are taking the shares from retail buyers IMO.
TD Ameritrade does have security issues.
I have two accounts that have exclusive e-mails that have never been used for anyone else but Ameritrade. About a month ago, I started getting spam e-mails touting penny stocks. The e-mail accounts are on two different computers, so I am convinced that the e-mail addresses were hacked from Ameritrade servers. I notified them and have sent them headers from the spam. They are investigating the problem. Many of you that use Ameritrade are probably also getting the same e-mails. The latest ones tout HLUN & TFZP. If you are getting these, you may want to put some pressure on them to improve their security. If they can hack your e-mail address, they may also be able to hack your account.
Braden.. You seem to think that the August numbers will come soon. Looking at the PR for July numbers, it was not released until September 1. Why do you think the August numbers will come out before October 1?
BTW, I hope you are right!