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brikk, I agree, BUT, this is something you do BEFORE (or during) the r/m. You want to start clean and lean. This is par-for-the-course for any r/m. Take a look at Keating, they specialize in shells and reverse mergers, and they always bring the financials up-to-date BEFORE the r/m.
Watch Keating, see what they buy, and make money. They just bought FRZR for $600,000. Don't buy it yet, as these things take at least 6 months, but I'm licking my chops to buy FRZR at .08 - .10 at a low. They have their act together and you can be sure the company they fill the shell with will fly.
Look at EXEG, I bought that shell at .54 cents, now at 2.40 and it's not filled yet! Why, because they have a mastermind running the show and nothing to hide.
Good luck!
Keep this by your keyboard...
I wrote this (with the help of others) back in 1995 when I owned the website pennyrocket.com. I still read it as a reminder every few days...
PATIENCE - If there is one thing a penny stock investor must learn, it's patience. Good things come to those who wait, be it low buy prices or high sell prices. Sometimes if you had only waited, you could have sold higher or bought lower. Have patience, it's without a doubt one of the best ways to make money in penny stocks.
REVERSE PSYCHOLOGY - Trade opposite from the rest of the market. You want to buy when the average investor is selling and driving the price down. And when wonderful news is driving a stocks price higher, you want to sell your shares at the over inflated price. Buying when stocks are falling and selling when they are moving into higher ground is one of the hardest things to learn [and do] when you first start trading. We don't have the luxury of holding our stocks for years to help iron out the little highs and lows. We live off the little highs and lows. Buy when there is blood in the streets!
EMOTIONS - The stock market is very good at playing on your emotions. In order to be a good trader, you must look at the market in a cold, hard way. When the masses are selling in a panic, you must stand fast or step up and buy. Remember that the market is made up of emotional sheep buying and selling in waves - you must be the cold, cunning and calculating wolf looking over the herd for your kill. Don't panic sell and don't buy on hysteria.
BID/ASK - If you aren't aware that stocks are sold to you at one price and bought back at a slightly lower price, the difference being the spread, then you may be in for a very big surprise when you go to make your first trade! Trade on stocks with small relative spreads, and spreads that are well controlled.
MARKET ORDERS - Don't use them unless you have to, and DON'T EVER place a market order for a stock at the opening of the market, or when a stock is making new ground fast (such as during a positive mention on CNBC). Putting in a market order in the first 10 minutes of the market is a sure way of paying the highest possible price for your stock, because as all the built up orders from the previous day go through, it lifts the stock prices for a few minutes. You can be pretty sure that you order will go off at the high of the day this way (but keep in mind it's sometimes handy to sell during this time).
STOP LOSSES - These are almost as bad as market orders. Stop losses are a sure way of selling at a loss. We only recommend using them when you are "in the money" and would normally sell your stock, but want to retain a slight possibility that it might continue to go higher. Stops can also be used to sell your stock a little quicker in volatile markets, as stops seem to taken a little more seriously than market and limit orders when bid prices are being changed rapidly.
BUYING LOW - Sometimes the best way to buy low is to put in a limit order for a stock at "a price you'd love to own the stock at". Let's assume for a moment that the stock you want is trading at .25 cents, try putting in an order at .23 cents and wait it out, what do you have to lose? You never know when you might hit the low for the day that way. It's far better than putting your limit order at .2475, only to find it crashed past that, filled your order and continued down to .22 cents. You'd be surprised what an effective way this can be to both buy and sell. When you get your "dream" price, it's a great feeling.
SELLING - Selling is actually harder than buying in many ways. If you are trading a stock, then decide what price you want to sell your stock at as soon as you buy it, so when that price does come along, you'll be ready to move. Using a GTC order ( good till cancel) is also a good way to sell stocks once you own them, since many times a stock will move up for just seconds - not even enough time to get to the phone, let alone place your order. But if it's "on the books" when the stock makes a quick run up, you'll be right there selling it. A good way to calculate your sale price is based on how much you'd like to make for the day. $500, $1000, $5000, etc. Then calculate back the price you need to sell at and stick to it.
PROTECT YOUR CAPITOL - If you miss out on some profits, that's okay, you can always find another stock to buy. However, if you lose a big chunk of your trading money then the game is over. Protecting your trading capital is your number one mission, followed, of course by increasing it.
DON'T GET GREEDY - Greed and fear drive the markets and for the most part drive the average investor to making mistakes. Sell with good profits, but don't get too greedy. Remember: "Pigs get fat, hogs get slaughtered".
BIG SWINGS - Big moves up are sometimes followed by big moves down and visa versa. Sell on abnormally large moves to the upside and buy on abnormally moves to the down side. They are generally out of character of the stock and can many times be followed by a "snap back" on the stock. Knowing your stock's trading habits can be very helpful.
HOT STOCKS - Stocks that are hot move great, but nothing lasts for ever. If you buy a stock for a big, quick gain and find that the stock has "lost its heat", don't allow your money to be dead (unless you are looking for an investment). Sell and move on, don't justify your mistakes - it tends to be a costly justification process in the long run. Others in the stock for the hot ride will start to bail out when as the stock cools off and looks like it's not capable of making "hot moves".
NO EXCUSES - Don't hold a losing stock to justify your original purchase. If you make an incorrect buy or end up with a stock that is falling when you thought it would climb, handle those mistakes quickly - do not be tolerant of stocks that are costing you time and money - get rid of them!
SUDDEN MOVES UP - Be very careful buying stocks that have just made sudden moves up. Many times they are following very closely with sudden profit taking.
TIME TO BUY - One of the best times to buy is when a stock is going down on low volume (with no news) as compared to recent increases on higher volume. This suggests that the selling is lighter and that the holders of the stock that are going to sell have finished selling and the rest are holding. The sellers of the stocks then may come back into the market when they see the price stabilize. It's also not a bad idea to sell on high volume on the way up, as this usually creates abnormally high prices that cannot be maintained very long.
SIDELINES - Remember, you can't take advantage of market dips if you are already in the market. It's better to be out of the market more for day trading than in the market. This will allow you to get in and out with profits fast and be on the sidelines should dips occur. Try to be out of the market more with your trades and in the market more with your investments (as long as they are good ones).
OPENING BELL - One decision every day-trader has to make is whether or not to trade on the opening bell. Many day-traders establish positions on the opening for two reasons. First, the open usually is a heavy volume period. Second, the open usually is one of the most volatile periods, as the market seeks to establish a trend or stable price level. The opening often will introduce a short-term trend that may either indicate the direction for the day, or give a false signal, in which case the day-trader can "fade" the early trend, that is, buy or sell against it in anticipation of a reversal. Remember: One extreme of the day's range usually is contained in the first 30 minutes of trading.
DAILY VOLUME - DO NOT day trade on stocks that have very low volume. You may find you can't get out of the market as timely as you think. Many penny stocks with low volume stay at idle for months.
brikk, Damn, if this goes to .02 that's $300,000 for me on a $1500 investment. Shake his hand? Damn, I would su*k.., well maybe not that, but definately buy him lunch! LOL!
"had" is the key word. They were on a roll and dropped the ball. PKTO went from .0002 to .049 to .007. And still nobody knows the true share count. Not good. When you do an r/m and brag about "zero debt" etc, etc, etc, why not disclose the financials with the SEC?
That's why PKTO dropped back to .007, who in their right mind would invest now without knowing the A/S or O/S? Not me.
It's one thing for a shell, quite another AFTER the r/m.
That's why I say, these guys aren't to bright.
windsinger, what does bkmp have to do with bhub?
brikk, I agree. However, (and I could be wrong), it seems that these guys at Cyberhand are not to bright. Yes, they want to bring 3 companies public (2 done so far), but they don't seem to bright in terms of how the market works. For starters, why put a link on your website to the shell you are going to reverse merge with? They did this with PKTO and with BHUB. By accident I noticed it on the Robotics site which wasn't even indexed yet with google or any search engine.
Anyway, you are right about changing the symbol on a friday, late, during the 2nd posting at OTCBB.com. Nothing could move this stock higher than that. This gives tremendous momentum to the pps on Monday because of all the talk over the weekend while the word is spread.
Let's hope they learned something from PKTO.
GLTA!
On the symbol change, .004 is easy. PKTO did it in 1 hour (.0002 - .004). Some people just don't realize the potential here. I keep stressing PATIENCE, that is the key. Some people want to make a million bucks in 1 day, and if they don't, they sell for a loss and move on. Well that is exactly what the mm's want, they want your money. Anyone who buys under .001 and holds will be rewarded in my opinion, but we need to be patient and let the process take its course.
The smart players are accumulating shares and holding as we've seen from the last few days trading history. It's entirely possible, and most likely will happen, that tomorrow or sometime next week, BHUB will make another jump to .0008 and everyone will get excited, then the mm's will shake it down and panic will set in and 80% will sell again. Keep in mind that the smart daytraders already anticipate this and are already in. Trying to flip while the stock is bouncing will be tricky business and nothing an inexperienced trader should attempt.
Get in below .0005, set your limit sell to what you want (realistically) and sit back, enjoy your coffee, relax and watch the show!
Good luck to everyone!
If the ask hits .003, I'm in for another 500k. I came real close just before the bell to uping my limit to .004, but tomorrow is another day.
GLTA.
morcash, Everything about Cyberhand has been strange, from PKTO to VSHD, to pre-posting links to yahoo. However, they are a canadian company and may be worried about shorters. You can't short penny stocks in the US, but you can in Canada.
Just going to have to wait and see how this plays out. My gut feeling is this will be indentical to PKTO. So far it is following the same path.
No problem, I've been called worse But it is strange that DOMS (and I've seen this happen before) is hanging out on the bid, but not the ask. Last I knew they were owned by Knight Capitol Group. Here is the website: http://www.attain.com/
DOMS (Domestic Securities) is owned by Knight Capitol I believe.
I've see stranger things happen. And some mm's such as DOMS do buy shares for private clients.
They got quite a few yesterday when everyone thought the sky was falling.
I notice DOMS is doing alot of buying but very little selling on the ask. I wonder if they are accumuating shares for a private client? Maybe Cyberhand?
Penny Traders Bible...
PATIENCE - If there is one thing a penny stock investor must learn, it's patience. Good things come to those who wait, be it low buy prices or high sell prices. Sometimes if you had only waited, you could have sold higher or bought lower. Have patience, it's without a doubt one of the best ways to make money in penny stocks.
REVERSE PSYCHOLOGY - Trade opposite from the rest of the market. You want to buy when the average investor is selling and driving the price down. And when wonderful news is driving a stocks price higher, you want to sell your shares at the over inflated price. Buying when stocks are falling and selling when they are moving into higher ground is one of the hardest things to learn [and do] when you first start trading. We don't have the luxury of holding our stocks for years to help iron out the little highs and lows. We live off the little highs and lows. Buy when there is blood in the streets!
EMOTIONS - The stock market is very good at playing on your emotions. In order to be a good trader, you must look at the market in a cold, hard way. When the masses are selling in a panic, you must stand fast or step up and buy. Remember that the market is made up of emotional sheep buying and selling in waves - you must be the cold, cunning and calculating wolf looking over the herd for your kill. Don't panic sell and don't buy on hysteria.
BID/ASK - If you aren't aware that stocks are sold to you at one price and bought back at a slightly lower price, the difference being the spread, then you may be in for a very big surprise when you go to make your first trade! Trade on stocks with small relative spreads, and spreads that are well controlled.
MARKET ORDERS - Don't use them unless you have to, and DON'T EVER place a market order for a stock at the opening of the market, or when a stock is making new ground fast (such as during a positive mention on CNBC). Putting in a market order in the first 10 minutes of the market is a sure way of paying the highest possible price for your stock, because as all the built up orders from the previous day go through, it lifts the stock prices for a few minutes. You can be pretty sure that you order will go off at the high of the day this way (but keep in mind it's sometimes handy to sell during this time).
STOP LOSSES - These are almost as bad as market orders. Stop losses are a sure way of selling at a loss. We only recommend using them when you are "in the money" and would normally sell your stock, but want to retain a slight possibility that it might continue to go higher. Stops can also be used to sell your stock a little quicker in volatile markets, as stops seem to taken a little more seriously than market and limit orders when bid prices are being changed rapidly.
BUYING LOW - Sometimes the best way to buy low is to put in a limit order for a stock at "a price you'd love to own the stock at". Let's assume for a moment that the stock you want is trading at .25 cents, try putting in an order at .23 cents and wait it out, what do you have to lose? You never know when you might hit the low for the day that way. It's far better than putting your limit order at .2475, only to find it crashed past that, filled your order and continued down to .22 cents. You'd be surprised what an effective way this can be to both buy and sell. When you get your "dream" price, it's a great feeling.
SELLING - Selling is actually harder than buying in many ways. If you are trading a stock, then decide what price you want to sell your stock at as soon as you buy it, so when that price does come along, you'll be ready to move. Using a GTC order ( good till cancel) is also a good way to sell stocks once you own them, since many times a stock will move up for just seconds - not even enough time to get to the phone, let alone place your order. But if it's "on the books" when the stock makes a quick run up, you'll be right there selling it. A good way to calculate your sale price is based on how much you'd like to make for the day. $500, $1000, $5000, etc. Then calculate back the price you need to sell at and stick to it.
PROTECT YOUR CAPITOL - If you miss out on some profits, that's okay, you can always find another stock to buy. However, if you lose a big chunk of your trading money then the game is over. Protecting your trading capital is your number one mission, followed, of course by increasing it.
DON'T GET GREEDY - Greed and fear drive the markets and for the most part drive the average investor to making mistakes. Sell with good profits, but don't get too greedy. Remember: "Pigs get fat, hogs get slaughtered".
BIG SWINGS - Big moves up are sometimes followed by big moves down and visa versa. Sell on abnormally large moves to the upside and buy on abnormally moves to the down side. They are generally out of character of the stock and can many times be followed by a "snap back" on the stock. Knowing your stock's trading habits can be very helpful.
HOT STOCKS - Stocks that are hot move great, but nothing lasts for ever. If you buy a stock for a big, quick gain and find that the stock has "lost its heat", don't allow your money to be dead (unless you are looking for an investment). Sell and move on, don't justify your mistakes - it tends to be a costly justification process in the long run. Others in the stock for the hot ride will start to bail out when as the stock cools off and looks like it's not capable of making "hot moves".
NO EXCUSES - Don't hold a losing stock to justify your original purchase. If you make an incorrect buy or end up with a stock that is falling when you thought it would climb, handle those mistakes quickly - do not be tolerant of stocks that are costing you time and money - get rid of them!
SUDDEN MOVES UP - Be very careful buying stocks that have just made sudden moves up. Many times they are following very closely with sudden profit taking.
TIME TO BUY - One of the best times to buy is when a stock is going down on low volume (with no news) as compared to recent increases on higher volume. This suggests that the selling is lighter and that the holders of the stock that are going to sell have finished selling and the rest are holding. The sellers of the stocks then may come back into the market when they see the price stabilize. It's also not a bad idea to sell on high volume on the way up, as this usually creates abnormally high prices that cannot be maintained very long.
SIDELINES - Remember, you can't take advantage of market dips if you are already in the market. It's better to be out of the market more for day trading than in the market. This will allow you to get in and out with profits fast and be on the sidelines should dips occur. Try to be out of the market more with your trades and in the market more with your investments (as long as they are good ones).
OPENING BELL - One decision every day-trader has to make is whether or not to trade on the opening bell. Many day-traders establish positions on the opening for two reasons. First, the open usually is a heavy volume period. Second, the open usually is one of the most volatile periods, as the market seeks to establish a trend or stable price level. The opening often will introduce a short-term trend that may either indicate the direction for the day, or give a false signal, in which case the day-trader can "fade" the early trend, that is, buy or sell against it in anticipation of a reversal. Remember: One extreme of the day's range usually is contained in the first 30 minutes of trading.
DAILY VOLUME - DO NOT day trade on stocks that have very low volume. You may find you can't get out of the market as timely as you think. Many penny stocks with low volume stay at idle for months.
fringe, LOL! I can still type!
Wang, no .04 took a couple days as I recall.
I agree. However, once this starts to move they will need to chase it. PKTO went from .0002 to .004 in a matter of about 1 hour. Better to get in now and just wait it out.
Of course I'm in with 15m at .0001 so that's easy for me to say
Patience is the key here.
Could have a runner here. Need to see some volume.
.007 x .008 ? Hmmmm, something happening here?
Good morning, we could see another run before the actual r/m. Although, I'd really like to pickup another 15m at .0001 but I doubt it.
I think what we are going to see here is an exact copy of what happened to PKTO.
PKTO went from .0002 to .04, then slowly back down to .008
Nobody knows the exact A/S or O/S for PKTO either.
Anyone not in when the symbol change goes through will have to chase it.
GLTA!
Not yet, still trying.
They are not selling for .0001, I've had an order in for 2 days at that price.
Who would sell for .0001? Must be mm's playing games.
Best time to load up. When this does pop, it will move fast.
Here's a joke for you..
An old farmer was startled at 4:30am when he heard a gunshot on his property. He went outside and saw a young hunter walking across his field. He said to the hunter "what are you doing on my property?" The hunter said "I'm going to get the duck I shot".
The old farmer said "This is my property so the duck is mine."
The young hunter argued and said "I have a permit, I shot the duck, so the duck is mine".
The farmer says "OK, I am willing to let you keep the duck under one condition" The young hunter says "Under WHAT Condition?"
The Farmer says, "I will do the same contest with you that I do with all the young hunters on my property. We will each kick each other in the balls and the one that stands up gets the duck".
The young hunter thinks for a minute, then laughs because he knows the old man couldn't take a kick in the balls and win. So he agrees and says "OK Old Man, You are on!".
Just then, the old man kicks the young hunter in the balls as hard as he can. After 10 minutes of excruciating pain, the young hunter pulls himself off the ground and says "OK Old Man, Now it's MY Turn".
The old man turns away and says "Keep the Duck, I'm going back to bed".
Good night, I'm off to bed, and keep the duck!
We all are, however, modern man has a better IQ.
Who sucked them in? Not me!
You are comparing apples to oranges. LSMJ is toast. It has nothing whatsoever to do with BHUB, other than the fact that some brain-dead moron sucked investors into buying it based on an address?
Wake up!
LOL! Gotta love these "experts" that know it all. I have 2 high school teen-agers that know-it-all Too!
Should I trust a Caveman?
Or maybe you are just a wannabe without a clue. Your Caveman photo tells all.
Put your hat back on, we see your point!
So easy a Caveman can do it!
PENNYBUSTER SAID: "there is nothing for sure here. nothing at all. risk only what you can afford to lose."
I agree 100%!
"because it is just as likely you will lose everything as the likelihood of hitting a nice gain."
Again, I agree 100%!
"there is nothing to really call a for sure thing like bhub as there is lsmj a not sure thing."
Wrong. LSMJ was a spinoff of hype that sucked investors into a stock that they can't even sell for .0001.
"nothing is nothing unless it becomes something. i've known bhub for 7 years and one thing i know is they do nothing but disappoint"
Maybe so, but now we have a confirmed confirmation that they are in negotiations with Cyberhand Robotics for a reverse merger.
Do you have ANY proof (or even a rumor) that LSMJ is anything other than hype?
I didn't think so.
timmage, I call that Smart Investors! If it happens tomorrow, Friday or next week, BHUB will explode just like PKTO did without any advance warning.
I've been playing shells for well over 10 years, and this one is a no-brainer. Experienced traders such as myself, do have some concerns though. For one, we can't get an exact OS count, which means that it is very possible that they could do an r/s at the same time of the r/m and symbol change (happens all the time). However, even if they do a 500/1 r/s, that would only put the pps at .10 which is excellent considering they are taking a blank shell and filling it with a revenue producing company. Not to mention, the CEO stated that they want zero debt, just like they did with PKTO and VSHD.
Some clown, did about 5 minutes of research on Google and concluded that since LSMJ had a similar mailing address to BHUB, that it was primed to take off? Those poor suckers were taken to the gallows.
Anyone born yesterday, should not be playing shells. They are extremely risky. However, if you do your own dd and have patience, you can retire early, like I did!
Good Luck to everyone!
Looks like the new base is .0003 until the r/m is completed.
Don't laugh, some shells go for big bucks. UBDT went for $650,000 as well as FRZR for $600,000. Keating bought FRZR and hasn't done anything with it yet. I'm waiting for the price do drop some more before jumping in. VLNT looks like it's ready to pop soon.
Gotta love the shells! That's about all I play these days.
soup, you can skip the porn sites, I already checked them out!
Closest thing I could find was BigTit, nothing on BigHub!
just kidding, I haven't checked them yet.
windsinger, I agree. In fact, because of the interest and volume here they will most likely be working even harder to get the reverse merger done asap. Right now it is in their best interest to do so.
I'm thinking sometime before the end of this month.
Even if, for some reason the deal didn't go through. Now it is obvious that BHUB is actively seeking to r/m with another company and sooner or later they will.