is Loving China.. considering learning Mandarian
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OT: A know all about the dillution, I lost a few bucks on it. They stoped about a week ago. Got in at .0015, grabed last batch... just printed .0016
Char
OT: think I might cancle my order on JPHC and pick some IPRE up .... theres only one MM left on .0014 .. oops nm just printed .0015
char
OT: Looks like IPRE is bouncing
Bullish open ... damn I might be chasing this.
Char
I knew this was going to open at .0004 I'm glad I decided to flip this, maybe I'll make some money back. I figure it will drop and then have a small rally mid day thats where I'm going to sell.
Looking at lvl 2 however .0004 might be the bottom and maybe it will move up from there.
GLTA
Char
UBSS is setting itself up to be on both bid and ask. I'm telling you guys this thing is about to get passed back in forth like a tennis ball today.
Chad
WECK went from .0025 on the ask yesterday to .001 today and droped to .0001 on the bid. I think it's going to be a nasty day.
Char
Wolf, I know we both came in about the same price and I can assume we probably came in with a fairly large position. I honestly feel there will be another huge sell off at open pushing the price to .0004, I sold out yesterday between .0005 and .0006. I have a order in for .0004 today.
This thing is like a raw patty. Time to put it on the grill and start flipping IMHO.
Char
Strategy for JPHC, save yourself.
Lets forget Fundementals, Technicals and hersay on JPHC. Lets look at the big picture for a minute. We must ask ourselves why did the stock drop suddenly, why has it continued to drop while buying volume has increased and how are we to gain from this. I'm not here to bust any bubbles but I think a long position is fruitless at this point and what everyone needs to focus on is damage control.
I have looked at the charts and poured over the T&S until I'm cross eyed. I also took into account my own experience yesterday to come up with this conclusion and strategy. As the stock priced neared .0004 I could no longer convince myself to hold and decided a new strategy needed to be made. What striked me was how quickly my stock was selling on the ask ( .0006 ) however it was getting chiped away in small chunks and was getting mirror traded. As the LvL 2 showed only one more MM at .0005 I decided I needed to dump my shares on the bid before I got flooded out by the MM's. As soon as I changed my price to the bid it took about 2 mins for the order to go thru. When it did go thru this is how it looked.
15:16:57 950000 0.0005 - OTCEQ_NBB
15:16:18 950000 0.0005 - OTCEQ_NBB
15:16:06 5000000 0.0005 - OTCEQ_NBB ****
15:16:06 1000000 0.0005 - OTCEQ_NBB ****
15:14:39 750000 0.0005 - OTCEQ_NBB ****
15:14:00 950000 0.0005 - OTCEQ_NBB
15:14:00 950000 0.0005 - OTCEQ_NBB
15:14:00 950000 0.0005 - OTCEQ_NBB
15:14:00 950000 0.0005 - OTCEQ_NBB
15:14:00 2115000 0.0005 - OTCEQ_NBB ****
15:14:00 9000000 0.0005 - OTCEQ_NBB
15:14:00 9000000 0.0005 - OTCEQ_NBB
15:14:00 5625000 0.0005 - OTCEQ_NBB
15:14:00 9000000 0.0005 - OTCEQ_NBB
15:13:21 1000000 0.0005 - OTCEQ_NBB
15:13:21 9000000 0.0005 - OTCEQ_NBB
15:13:15 5000 0.0005 - OTCEQ_NBB
15:13:15 2000000 0.0005 - OTCEQ_NBB
15:08:03 1400000 0.0005 - OTCEQ_NBB
Prints with **** were my shares. Notice the 950000 mirror trades between my trades. Now heres my therory on JPHC....
I DO NOT think there is are any short positions, if there were they have been filled. I am not 100% sure why the MM's are mirror trading between trades. I can only guess to create more volume to attract more buyers.
What I do believe tho is that there is an indivdual or group of individuals who bought a massive amount (.0013) right when the news was released and then dumped there shares at (.0014) the follwing drastic shift in movement caused a selling panic. Once the price got below .0006 it appears the stock is being fliped between the bid and ask. I do not think this stock will ever see anything but .000's. This has become a flippers paradise and my suggestion to everyone who is holding the bag and does not want to hold questionable restricted shares. They may want to consider selling out and joining in with the flipers and day traders. This will ultimatly pit all of us against each other in a tug of war. But it will keep volume up, it will attract the niave investor and we might just actualy make some money on this turd.
Char
OT: Time to find a very high place and jump from it..
It looked so good at first, MMAM and now this... ugh I'm pretty much back where I was 6 months ago. Maybe GWGO will still do something, but I'm going to wait for the run to start before I jump in. No more speculation for me... gonna stick to the trends and keep it simple for a few weeks. I've almost burned up all my penny money now :(
Char
irockupet
Funny, do I know you ? You seem to know me ;)
I don't do to bad day trading, but I have never said I support myself trading the pinkies/OTC's I trade NASDAQ's for my bread n butter and play the pennies for fun.
Pennies are what pay for my beer money and movie rentals *smirk
Char
Well I'm out..
I caved in and hit the bid... that was me that damn near wiped out the rest of the support. I do apologize for that but I couldn't bear a complete loss. 50% was my risk lvl for the gain this "could" have been.
I'm going to lick my wounds and flip some penny's on the NASDAQ for about a month until I'm back on my feet. No more pinkies or OTC for a bit. Unless the volume picks up on this them I might play it for a quick flip or two.
Char
I think .0001 might be a little extreme.
But the chart says .0004 is very posible. So I figure I sell out, jump in at .0004 and flip at .0006 back out again maybe one more time. By then I'm sure something will let us all know whether to walk away or hang on. I'm down 50% ... I'm going to start my own shell company .. we are going to make anti-stock depressants. I'm going to name the product Fukitol
Char
.0006 is resitance it seems now.
I'm about halfway thru selling my stock on the ask at .0006. I'm gonna flip this thing a few times, I need to recoupe. I figure this will see .0004 again so I'll be there to load up.
Char
I'm hearing krickets...
I think it's safe to go out and pick up the boddies now. Anyone still alive ?? hello ?
Char
An example..
Say you buy 20+ mil shares. Wait for an uptick and then sell off half. The push in volume you created drives the price up momentarily. But with no real volume it drops again on the next sale. Cept this time your sitting on the bid with 10mil and waiting for the price to uptick sitting one up with the other million. So your just tossing shares back and forth.
Char
It's starting to look like big money day traders are playing this like a flute. Notice how when the ask moves up theres a spike is sells, then it jumps back down after sell and no volume. Thats when they go back on the bid and wait.
Char
You for real ??
Your kidding right ?? There almost always restricted, I knew they would be restricted for the start. There is a reason why ya know ... it's to protect not only the company but the investor. If shares were tradeable in a situation like this majority of people would dump there shares the first day they could causing PPS instability. Comon .. this is common knowlege in the market.
Char
About to print .007 eom
Something to chew on..
Ya know, I've seen some really big buys come in. 8 and 9 million buys. The average Joe Snuffy who gets his picks from "Super penny picks" and always looses money doesn't drop that kind of bank on these stocks. Theres some big traders in on this thing. What we might be seeing is a huge group play tarding back in forth.
Char
I could make a fortune with a couple $100 bucks right now flipping this thing lol...... ugh
char
I go to eat, come back and we arent even in the toliet anymore ... were freaking in the sewer pipe. This would be one hell of a good flipping stock right now if I had any freaking money.
Char
Toomuch..
ROFLMAO .. you truly are an idiot... welcome to my ignore list :)SIPPR networks are the best out there for us OGA's
Char
Wait a minute ! I had a thought !
I went back and re-read the PR, then gave it some thought. The way the exchange is going to take place and how it was agreed upon. We WANT our price to drop ... We WANT APOA's price to drop. The one thing that is "fixed" is ".005 price per share of JPCH"
So ... IF APOA drops to .0001 and our stock Drops to .0001 That means APOA still has to swap .005 per share ??
So .. by driving the price down. We buy XXXX number of JPHC shares ( the cheaper, the more we can buy )Then in turn we get .005 worth of APOA so the cheaper they are the more we get.
So correct me if I'm wrong ?? The cheaper these things go the more shares we end up with ?? Who cares if there restricted if you winf up with like 500 mil shares !!!
Char
Hey Toomuch...
Guess where I work ?? I work for the government in Iraq ... ya know that huge money pit ?? Well guess what we use exclusively here ??? Any ideas ?? Comon ... We use VOIP phones ... oh wait , it's a fad. Guess what else ?? All our communications are moving to VOIP instead of the old fashoined radio/singaars.
Digital + Broadband = VOIP the wave of the future.
Char
Look out MM's moving around like something ons fire
Look at the LVL II spread..
Thats a pretty big gap from .001 to .0014. I would think they would have moved down by now if they feared this stock wasn't moving up.
Char
I agree Maximus,
At first I was shocked, then bummed, but the more I did DD on APOA and the merger it's not realy all that bad of a deal. Even if this thing goes into the toilet and I hold for the APOA shares. I think in the end it would not be a bad investment. It goes against my trading style however people forget JPHC has some good potential. Add in the revenue from the combined companies. Once the restriction are lifted on the shares it might be a pretty nice hold. The company was in the .10's at one time. Not to mention JPHC has the potential. I'm in this for the ride ... no matter how scarey it gets.
Char
I feel better today seeking all the prints on the ask. But I'm still taking lots of rolaids atm.
Char
Wasn't WECK the one pushing this thing down the last few days ??
Look where he is now, sitting at .0025 interesting.
Char
OT: Thanks ... yeah I just couldn't see it not being a function, it's a pretty nice service for what I can see.
Char
That is 100% MM manipulation if I have ever seen it !
More DD on APOA
Well since I'm in Iraq and you guys are all sleeping. I'm spending the better portion of my day researching APOA. I've looked thru most of their fillings, PR's and history. It appears the company was not doing to bad until a series of unfortunate events. Several lawsuits, reduced income and then increasing there O/S all of wich has hurt their PPS. It makes sense why they would be seeking a merger/aqcusition. In early April they increased the O/S in order to pay for "operations", "increased expenses" and "posible aqcusitions". The company had seen over a 60% decrease in revenue due to loss of clients/lawsuits.
I know of two Lawsuits, Alcoa and Proctor & Gamble... Kenro, Inc. the Kenro lawsuit to me was laughable, I got info on it from www.lawcash.com .. how funny a web site created for class action lawsuits that in my opinion border on fraudulent themselves. In the Kenro, Inc lawsuit APOA was sued for unsolicited faxes advertising there products... WTF ?? I get unsolicited calls all the time and I haven't be invited to any class action lawsuit.
The Proctor and Gable/ Alcoa lawsuit from what I could find wasn't directly pointed at the company. They were just bystanders caught in the cross fire. It would appear that APOA sold some products that were fakes unkowingly. I'm sure the distributors above them are who were at fault. I haven't found out anything else tho ... is the lawsuit ongoing ???
So to sum it up the company is pretty beat up but not dead. If looking at this from a fundemental stand point APOA gains much by merging with JPCH. Quite posibly a restructuring and the added revenue from JPCH's owned companys will turn the tide. Getting restricted shares and holding might not be a bad idea long term. Especialy at the prices now .0008ish.
It will be interesting to see how this plays out. I'm 25% down but holding to see what happens.
Char
You've done alot more digging then I have but so far I haven't found anything that screams scam. Remeber TWOG, that thing reaked of scam from the get go but people still played it for a flip. This one actualy looks fairly squeaky clean at first glance. I think bottom line is what the restrictions are going to be and whether the parent companys shares don't tank.
Char
MY OPINION !! READ
Okay I just printed out the 59 pages of the 8K, sat down, relaxed and read it.
Here is the bottom line....
APOA have been vauled at .02 per share. Shares of JPHC will be worth .25 ( 1/4 )of shares of APOA. It's that simple ... if APOA is worth .01 then our shares will be worth .0025. It's a simple stock for stock transfer. In the end JPHC will no longer exist.
The O/S of both companies are what they are, there not going to dillute, print more or dream up more. SECTION 4.01 & 4.02 outlines what the parent and sub can and can't do ... share dillution is something they CAN't do.
What you are getting is restricted shares of APOA. Very seldom do mergers end up in "cash" buyouts... this is like most the Divy plays we see. You can either play the momentum for profit or hold for your restricted shares. The question is what type of investment you want .. short or long.
APOA is just an average OTC company that is thinly traded. They have revenue, they have a product and thats more then most OTC's can boast. I have found nothing in my DD of APOA that suggest it's a scam. This looks to be a very legit merger but I will say that after reviewing the T&S's from yesterday the MM's were very much manipulating this stock.
My opinion ... hold for the dust to settle. This still might be benificial for both flippers and longs. Remeber there are going to be bashers and pumpers on the message boards. DO YOU OWN DD PEOPLE .. DO NOT rely on the opinions of those here. I am simply telling you mine.
GLTA
Char
I'm not feeling so great lol..
I didn't sell .... tho I'm hoping I made the right choice. I'm looking at APOA , tho it doesn't look like anything spectacular it looks like a decent company. I haven't had a chance to read thru any SEC fillings tho. The stock looks very thinly traded. Anyone dug up any negatives ??
Char
I knew something was up..
Level 2 Freaking exploded !! Buys were coming in like mad so I checked the news .. sure as #$% .005 !!!! OMG !!! You guys thing this will go to .01 with all the shorts ??
Char
OT: Hey wolf
You said you used Alphatrade ?? I just signed up for the trial, so far I like it for the price. There isn't a way to set it up to do real time news per ticker tho is there ??
Char
RB... oh yeah thats where the newbie traders hang out amongst the evil sharks nipping at there feet and taking there money lol. I'll be honest .. if this thing hits .005 I'll be a VERY happy camper..
Remeber .. Bear slash.. bulls buck and pigs get slaughtered.
Or something like that.
Char
I think volume might be drying up..
The speculation crowd I think has bought there positions. The rest of the crowd is waiting on the news to ride the wave. I don't think were going to see much until we get news. Then we will either be enjoying our pre-uber gap up positions and counting the money were making each uptick.. or we'll be banging the keyboard as we try to sell. God ..... I still get nervous .. after MMAM tanked I get bad feelings in my stomache. Cant sell on a market order with pennies thru ST or AMT... I panic trying to type in the limit only to see it drop another point after I hit enter ... ugh that was a bad day.
It's all good.. life of a trader.
Char