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I have some very bad news for all you hopeful longs. The trend in this stock is NOT your friend. Get IT?!!!
Helicopterpilot ... if you are wise ... you wouldn't touch this stock with a ten foot pole.
I'll come back in a month to put flowers on the graves of those who believe I'm just another typical basher.
Lucky
Seems as though a bunch of cockroaches have infiltrated the building. Let's have a stomptfest.
Ru: I might buy some again in the fall as well. Best to you!
VLF: Hope you're on an anti-biotic.
You ever do a quality detox? They can help greatly to keep infection/s away.
Thanks FLF! Great news! Keep up the great posting as well, as you're able.
VERY, VERY interesting ...!
daiello: I'm currently in for nearly 3 million. That may increase in time. Very new to this company.
Bri: I am going to do just THAT! Go fishing this morning. I'll check in at noon and see if RSDS is to $.01 yet. If not, I'll stay out in the boat the rest of the day.
Not even going to consider selling shares until we get over $.02.
Have a great day, guys!
I KNEW that if I took the day off and went fishing, this puppy would start a breakout! Works every time!
Caught a bunch of fish too! First I've been fishing in probably five years.
Makes: Boy do I have some things to learn about this game. Geez ... all this time I thought the MM's were the ONLY bad guys against us good guys.
Then I find out Brokers are more bad guys than good guys.
Of course, we all know about Hedgefunds. REAL bad guys!
So ... how many more BAD GUYS out there against us retail investors in pennies am I missing - that I have to be concerned with to win at this game?
I'm expecting a lot of buying in the next four days, that I am very positive about. I hope Berman is too. THEN I hope Berman releases a couple of wazoo PR's to break the "flipping option" on this next run to watch it move another strong leg up.
He may not even have to issue a PR after June 1 to see this skyrocket. With so many other Pinks and BB stocks doing zip right now ... RSDS could get a ton of folks plowing money into the stock in the next couple of weeks and longer, and this board will be so full of posters you won't have time to read them all.
Hang in there Bri, whatever you do here in the shortrun. We know pretty much what the bottom is. What we REALLY don't know is what the REAL top is - or WHEN a good top will get formed.
Yep - it boggles one's mind to think that if a person just snapped up a couple of million shares of ETMO right now and tucked them AWAY -- far, far away -- what you could sell them for several years from now.
I have entertained/entertaining that option ...
Very few Pinksheet/OTC companies EVER turn in revenue figures? WHY? Because their REAL "business" is selling shares.
But at this early stage of my observation of ETMO, it appears to me like ETMO could function very well; very profitably, if they never issued one share of stock for the public to buy.
Now isn't THAT scenario what has caused ANY company stock to keep going higher and higher as time goes by?
VFL ... what would be your thoughts on this, if you don't mind my asking?
Thanks,
Lucky
Makes: Thanks for the PM. Very helpful in the "learning process."
One of your posts I read some days ago on some board (don't remember which one now) ... mentioned that you find Pinksheet/OTC stocks actually safer and more predictable than most bigboard stocks.
THAT post got my attention, because I've had a gut feeling now for over a couple of years that if a person was to focus solely on these penny stocks, if you have the time and patience and a handle on your emotions ... you can probably do BETTER with the pennies than on the big board stocks.
After all is said and done, I hope that RSDS is my most cherished memory when it comes to investing in pennies. Truly ... there is so much POTENTIAL in RSDS, I really believe.
Briboy: I FORGOT possible PIPE financing in my book-length PR a bit ago. If Berman did a PIPE arrangement or two ... with Cornhole Capital no less ... hey ... there's no MYSTERY to the current share price of this stock at all, IS there?
Furthermore, will Berman do any future PIPE financial arrangements? Rick ain't talking, is he ... at least about WHO his "accredited investors" were or ARE ... has he?
More unknowns ....
However ... on a possible POSITVE note ... maybe Rick knows that his share price will get a lot more momentum going into 2008, BECAUSE a PIPE arrangement has now ceased, and will have become history. Maybe ... just maybe ... ?????
Briboy: I let my subscription expire so I can't PM at the moment; sorry.
Regarding your question/s, however ... I'm honestly too much of a rookie with these pennies to confidently say YES or NO.
It appears to me, for whatever reason/s, the MM's are not prone to let Pinksheet companies run for long these days. It seems like about two years back roughly, you could get a longer run and a higher run on some decent PR's out of penny stocks, and if the PR's were WAZOO, you could get some real lift before the MM's shorted the stock back down. Now it appears to me they will do that in ONE DAY, or even in a few hours.
I don't know if that's because MOST traders are playing the bigboard stocks, as are the MM's and Hedgefunds, or it's because of some other factors. This much I know ... you can take a stock down twice as fast and make 100% on your investment if you're an MM than you can double your money taking it long, especially in pennyland. Maybe that's because MM's KNOW that trying to make a stock run and doubling their money going LONG is just going to be bucking MAJOR hedgefund naked shorting headwinds the higher the run gets. I sure wish I knew ... but hedgefunds seem to be as secretive as the CIA, and as untouchable.
I do believe that it's very possible that the experienced penny traders are not putting as much money to pennies these days as they were months ago, BUT, again I can't substaniate that. Just my gut feeling, I guess, from a few different posts I've read from various boards.
If a concentrated effort by a lot of professional pumpers was executed towards RSDS in the near future, say shortly after June 1, then YES - RSDS could be the best penny play of 2007.
However ... something in my blood feels like a lot of investors are staying away from pennies right now, in part perhaps because they are waiting to see how the SEC treats Pink companies once this new rating system comes out.
The fact that the SEC stopped trading on 35 Pink companies a few weeks back has had to have some affect in breaking the confidence of Pink players of past. Meaning: "WHEN is the SEC going to hammer the pink company I'M holding shares in?"
Hey - I came down here into the sewer to play Pinks to buy shares of IVAY some months ago because I happen to have a good source who knows a great deal about that company, and by all indications back in late 2006, IVAY should have been a $2.00 stock easily by now, but the idiot CEO has been asleep at the wheel, and seems to either not KNOW, and/or is too busy to treat shareholders right. He doesn't know how to release timely PR's -- he doesn't release intelligent PR's much of the time -- he has the TA gagged and he's been told by numerous people to ungag it. When asked WHY he has it gagged, he won't say. Well -- that is a HUGE negative to those who understand Pinks.
Furthermore, for no reason that anyone can tell, (supposedly even the CEO) IVAY was one of those companies on the SEC's hit list that trading got halted on for 10 days ... and the CEO STILL hasn't informed shareholders what the frig is going on. If hedgefunds were ever looking for a solid short, I NOW would sure think IVAY would fit the bill. Run the stock up some and then short the puppy all the way as low as they seem to have done RSDS.
Which NOW gets to another issue that no one really knows diddly about out here in retail land, I have to believe. Just how much is RSDS getting naked shorted, and for what REASON/S?
See - to me that is the most intelligent question a person can try to come up with in these penny stocks. WHY do some of them get obviously naked shorted into oblivion? Is/has the SEC so turned their heads with naked shorting pinks and BB stocks that truly as some have said, naked shorting penny stocks is the EASTEST way to maximize hedgefund profits of all options available to them?
I don't care who says WHAT about naked shorting pennies, I truly believe it evidently HAS to be easy money for hedgefunds, and probably MM's as well. Ninty-nine percent of pennies are all just bullshit operations anyway, selling shares to make what they can, while they are able. If a company brings in a little revenue, that makes it sound a little more hopeful, but over the last 5 years, how many Pinks and OTC companies can you list that actually turned an honest profit over and above expenses? If they HAVE, they were quick to get on the bigboard listing quickly. They sure don't hang around long in Pink/BB land very long.
Ahh ... you start getting so carried away in this cesspool of pinko penny land that you can write a book easily on all the negatives.
On the other hand, there is obviously a TON of potential in uranimum plays - at least there WAS a few months back. That can continue and excellerate, or it can slowly slip backwards as well. Any "bump" in oil and money starts pouring into the little oil drillers it seems, and we haven't had one of those "bumps" recently. If we get one, people can pull their money out of RSDS on a dime and move it into oil plays IMO.
One-man companies have never been known to hold big pocket investors for very long in my opinion. What happens if Berman gets killed in an auto accident. RSDS dead! What happens if Berman issues a PR that he's NOW going to buy some no-name company in the Financial or Healthcare sector, and saying little more about his Uranium operations, until say the fourth quarter of 2007?
Man ... to me Berman is about as unprofessional (or stupid; not sure which) as they come when he releases in every one of his PR's:
"Industries Russell Industries, a Nevada Corporation, was incorporated in 1997. Russell Industries is a holding company that will acquire assets in the energy, mining, healthcare and financial industries. The Company owns a majority ownership interest in 254 Uranium Mining Claims as of May 23, 2007."
Fine -- energy and mining, but healthcare and financial industries? Why doesn't he just throw in a few MORE sectors in his generic PR's to make himself look ever MORE stupid? Who does he think his one-man operation IS: Someone to compete with GE?
I think if Rick was smart, He would limit his PR's to say in the forseeable future that he plans to just stay with Energy and Mining. That will build a lot more credibility IMO.
If Berman hadn't started buying Uranium claims in Utah, near a working refinery ... I wouldn't have given RSDS a second look, unless it was a day or two mommo play. But because there are times when you jump in a very cheap stock like RSDS has been, and bide your time, you can make a TON of money on your investment, and then move it into more safer investments. Many, including myself, felt that was possible with RSDS some months back. Watch a run get killed every time it tries to start these days with RSDS does not make my day, let me assure you.
When this ran to $.006 - ish, it was on its way to one bullish run! But whoever started unloading shares hand over fist in that price range KILLED the potential this stock had to run into the PENNIES at that time, IMO.
Maybe short term traders/flippers taking profits were the culprits. Maybe the MM's. Maybe a hedgefund or two. Maybe Berman selling shares as fast as he could. Maybe shareholders Berman gave tons of cheap shares to, for whatever reason/s. Maybe a combination of all of the above. All I've observed is that when a penny stock starts to break out of its cacoon so it can soar ... almost ALWAYS the CEO has to have a string of PR's to keep NEW money - excited money - hopeful money - LONG TERM money ... continuing to come into the stock. If that doesn't happen, and it didn't because Berman didn't either have the PR's to keep releasing them, or he doesn't have the savvy to do such a thing ... MM's go in only ONE direction once profit taking starts getting poured on the share price -- "Down periscope! Take this tub to the bottom of the ocean!"
If Berman has a string of quality PR's to release right after June 1, he can move this stock easily above $.01 IMO. He can even get it $.05, but again ... it depends on the quality of the PR's, and how often they get released.
When Berman stated that he will release what his claims are valued at in the last quarter of 2007 ... I don't know about anyone else, but that tells me that he "may" have some things up his sleeve that are just not very conducive to me keeping all that much money in his stock UNTIL that time.
"Hey Ricky boy ... I don't give a CHIT about the fourth quarter of 2007. Uranium is hot NOW dude: get me excited about your company NOW. Fourth quarter 2007 will take very good care of itself, my man!"
See - Berman just is either too stupid or too slippery for me to quite get a confident handle on at this evolution of Russel, thus basically I'm too much of a rookie to know what is going to happen, Briboy.
Well ... you asked. Oh by the way, this is just the FIRST chapter of the book!
The CEO of ECFL earlier this year had the best thing going I've seen in a long time when it came to using effective PR's. Man -the dude had a handle on the value of PR's like no CEO I've seen in quite some time. Unfortunately ... his PAST credibility got exposed, and the MM's had no recourse but the short the stock to the bottom of the sea. If Berman could issue a string of PR's like ECFL did ... why RSDS could run to a $1.00 in no time flat IMO, simply because of Uranium.
Your thoughts?
Lucky
budgetcuts: Can you help me understand something? In the Edgar listings you linked to on your last post, I am not able to see how MANY shares RSDS is able to sell on those filings.
Is that because it is NOT listed -- how many they plan to sell; therefore they can sell as many as they WANT?
Or - are they restricted in being able to only sell a specified amount that either the filing allows them to, or as stated somewhere on the filing, and if so - WHERE am I not seeing that on the REDEX filings?
Thanks if you can help.
Lucky
Hi Janice: If you are of the inclination, and you have the time, I have a huge favor to ask of you. I posted three posts recently on the PBLS board on Ragingbull.com. -- about form 504 and Pinksheet companies.
I'm waiting for WORDOFMOUTH to answer them, because he/she seems to be very knowledgeable about things in the market that so many of us aren't ... as I believe you are as well, especially down here at the bottom of the Stock Market Chain.
If you would be so generously kind, would you as well respond to the questions I asked WORD ... if you feel you have anything to contribute to help me, and maybe OTHERS, get better understanding of how PinkCheat (not a typing error, believe me!) companies must (or supposedly, conduct business).
I am VERY perplexed about form 504 and Pinksheet companies, to say the least.
Bless you much, and I mean that.
very Lucky
P.S. Got to get away from this 'puter and watch a good love story video with my sweaty, so won't be able to respond until tomorrow. (So WHO cares, Lucky?!)
Veritas: Thanks for all the "stimuli." If you had ONE question that you felt confident Rick Berman would answer truthfullly and publicly ... do you care to answer WHAT that might BE?
Righty: Appreciate much your last post. Berman can talk "long term investment" all he wants ... but he has to sell WHY RSDS is a lucrative "long term investment."
I'm conservatively guessing that 97% of the investors that would even buy one share of a Pinksheet stock don't TRUST keeping their money in a "long term investment."
They may have done it ONCE, but rarely twice, because of getting burned for a major loss.
Thoughts?
FLV: Your posts are "Golden Nuggets." THANKS!!!!
Makes: THANKS!
You realize you are TOO honest, don't you?
Uhhhh ... some very special, RARE individual indeed, you are. Please don't EVER quit posting. We rookies in the investing world of Pinks and BB's need more honest posters like you, who have paid your dues to teach us younger troops how to survive on the penny "front lines."
Nite, my friend.
Jim: Have a very refreshing, relaxing weekend. There is more to life than BUSINESS.
Quality times with family and friends is much more important than the share price of this stock ... RIGHT?
Right!!!!
Dak: You BET! Keep up the great posting, my friend, and love those family members around you this weekend, (Hoping you have many, of course. Not everyone does ... grimace, grimace).
Got to run off to bed and get some zzzzz's. Driving off to Chicago tomorrow to be with family over there. Be back home on Sunday, and on Moday morning, will have camcorder in hand as two A-10 Warthogs fly over at tree-top level ROARING above the parade of home-town folk honoring those who gave their lives for the rest of us who can post on this board.
Hug a Vet on Monday, or salute same, if given the opportunity. It means more than RSDS going to $.003 by next week, which could easily happen.
Nite, Dak - and rest.
Janice and all: Got to get to bed to get up early and drive to Chicago to be with three special grandsons, and parents of same, tomorrow.
Going there to eat some cake and ice cream, celebrating two birthdays combined, and expect it to cost around $75 no less. Expensive calories.
(Little over a tank of gas. Don't WE love these high gas prices?!)
VLF: No wonder MM's are accumulating this stock as cheap as they can!!!!!!!!
I would TOO if I were them! Could you blame me?!
Briboy: Just curious ... do you prefer to play the Pinks, or would you rather put money to the BB stocks?
You know I'll ask WHY if you answer, of course.
Good for you.
Glad you're keeping up with the KSWJ saga and posting. This is some kind of "mystery" way too advanced for this novice in Pinko land.
Blessings ....
Lucky
VLF: Another WOW! Man I would like to ride one of these Extreme buggies. What a high it must be to hit velocities of 75 MPH + in one of these wind-rushers.
You too Janice.
P.S. I finally got over my "throat drainage." Had to take antibotics for an abscessed tooth and I think that is what stopped it. So romantic, I know ...!
You get over your winter gunga-gunga?
Wishing everyone a meaningful and appreciative Memorial Day weekend.
VLF: Thought so; didn't hurt to ask.
Unrelated ... do you have any idea what is top speed on the hottest Extreme Sandcar on an open stretch?
Makes: I like your TAKE on Pinkies v's BB companies. Some very good perspective!
VLF: Do you think I'm too late for the dividend that Alan spoke of many weeks ago?
VLF: Wow! Thanks a TON for all the insight into Extreme Motorsports. You are one fine chap. I've been so busy I haven't had a chance to really investigate this company. I think I may have screwed up by not buying more cheaper shares today, due to my busy-ness.
I think back to MBAH, when "renting motorcycles buzz" took that stock over $.35 a share in late 2004, which I didn't think was worth more than about $.05 max.
ETMO surely has about three hundred dozen more things going for it than renting motorcycles, from what little I see.
Probably going to get VERY serious about buying a bunch more shares next week, if it doesn't run too high out of the gate. This is one incredible investment!
Lucky
Anyone happen to know how many manufacturers are building Sandcars in the U.S., just out of curiosity? I'm iggernutt of these buggys. Live too far north to watch these riggs perform, unfortunately.
Vlft: Helps MUCH!
#3: Great post!
Raven: Speculating
Brightguy: I'm in agreement, regretably.
I let my subscription to IHUB end so I'm not able at this time to respond to PM's, for anyone trying to PM me.
Makes ... no appology needed in the future. In my book, you are a class-act guy, and will always be so.
Lucky