Although he looks alone, somebody wants him on the phone.
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Yet i wonder why many negative people here try discourage others here from BUYING WHENEVER THEY PLEASE???
I've been watching for a while now. He pours shares into any price increase.
So yeah, flipping is not without a lot of risk.
It's not as risky as buying this for an investment though.
OK, It got to the neighborhood of .005 a lot sooner than I expected. And I may not necesarily buy it a exactly .005. I reserve the right to buy it whenever I please, or not.
I know that the possible increase in A/S won't bother a lot of people. In fact it probably won't bother the people it should bother the most.
But it bothers me.
Boat, I do worry about that... A lot.
To worry about a sudden increase in the Authorized Shares is a legitimate concern.
And yeah, while I certainly think QASP is a scam, I fully intend to make some money here.
And once I buy in, that won't change my opinion. It will still be a scam, and I will not hesitate to dump it on any run higher.
It hasn't hit .005 yet.
Also when you buy a stock that money you used to buy it IS NO LONGER YOURS. That's right when you buy stock you are giving your money to the company to use as they please with the promise that if they make a profit of it your equity in the company will go up but if they make bad decisions it will go down.
I was thinking of buying QASP at .005, but it got here a lot sooner than I expected. And with the A/S nearly exhausted, it might be a little dangerous.
But then again... a pop to two cents might not be off the radar screen. I don't know. Gotta see what Tuesday morning feels like, I guess.
When I heard that in the conference call, it was like waving one of the biggest Red Flags you can imagine. The whole purpose of recent PRs and CCs has been to ready the investor flock for the next round of shearing.
Dilution doesn't matter. LOL. It's ALL that matters, in the micro-crap Pink Sheet world.
The Authorized Shares must not be raised, PERIOD !
No, not yet. Not over the long weekend. I'm still scared by the A/S being nearly filled.
Yeah, I'm encouraged by it showing support at the end of the day. On a percentage basis, the intra-day swings are pretty wild. I want to see the bid-ask stay tight, and then maybe we can start making some money here. Hopefully next week will be just as volatile as this week, only in the other direction.
Hey, sorry about the Hawaii thing this afternoon.
He also knows it will help line his pockets. This is the Pinks. He wants our money. Bottom line.
He makes money, the MMs make money, and retail investors have to tear it out of each other. The only money in Pinks for retail investors is to take it away from other retail investors.
That may seem awful cold and hard, but it's just the way it is.
Maybe next week. I don't mind missing the beginning of a run. I would rather miss a little upside than catch any downside.
Flipping something like this is good theory, but awful difficult to actually accomplish. For the most part, it trades with too high a bid-ask spread. Today sort of being an exception.
OK, so "technically" it is not maxed out. But saying that is a little bit like pointing out that I can piss in the Pacific Ocean without drowning any Hawaiians.
Give me a break.
Yeah, you read that conference call summary, and then you have to wonder why this statement:
A/S increase is still off table. No intention whatsoever of increasing authorized shares. No need to.
Well, there was third hand information that Mr. Bradley had said QASP was in a blackout period. Now if that's true, and since he probably had a good idea that the funding would fail before they ever actually issued yesterday's PR, they better not have been.
Perhaps that is part of the problem.
if the assets of target acqusition exceed the loan amount.
Probably not a good idea. In the stink pink world, it's hype that supports the share price. Once the company goes quiet, these tend to fade down to triple zero flatliners, game over.
No, those airplanes are valued very "aggressively" at $575,000.00, and that's the problem.
You go to the money men, and you need a loan. You lay out your assets. They look at them and they say: "Sure, this is no problem, looks like we can do business". But then after they have had a while to do their own "DD" and they come up with a more proper valuation of those assets, well... That's when the story kinda changes.
AA's airplanes aren't worth diddly: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51840983
I think it will set a new low, then trade sideways for a period. Then it will blast off.
Will it see two and a half cents again? I doubt it a lot.
What makes this dangerous, is that it is so close to having the A/S filled. Any news of an increase in A/S would send this down another 50%, at least, and in that case it would probably never see today's price again.
You know, I kinda hate to bring this up again, because I sorta wore it out a few weeks ago.
He doesn't have a flight school. There may be some instructors instructing under Part 61 out of Atlantic Aviation at Herlong, but he doesn't have a flight school.
The fact that they claim they do is itself a violation of FAR Part 141.
http://www.atlanticaviationinc.com/stud_services.html
It's the equivalent of claiming to be a an accredited university, just because you have hired a professor. It ain't necesarily so.
That's the biggest risk factor in taking a position in QASP. That could really kick your teeth in if your timing is bad!
I think if you've ridden QASP down to this point, you probably just need to hold tight for now.
But when it does go, you have to use it as an opportunity, even if you don't get back the whole investment. Don't ride it down twice.
Hopefully it has a few flips left in it.
I don't mean anything. I just like the statement.
0.0055 is our support until we close below it.
Well, now that just about covers it. I think you got a great future as a Technical Analyst!
You know how to tell who is flipping this? It's the guy screaming "SLAP THE ASK!". You know he's not.
Actually, I would like to see it trade sideways for a while. Kind of establish a new floor.
Hey, looks like we are brushing against the recent lows.
I'm still looking for a new 'lower low' but this thing is starting to look attractive.
Or another increase in A/S. The excuses have been put into place. You know it's coming.
These things always follow the same script.
Here: http://ih.advfn.com/p.php?pid=nmona&article=43448269&symbol=QASP
Kinda funny how "bumps in the road" never make it to the I-box or sticky notes.
Looks like Porgie might be a player soon.
But I don't like how fast this is dropping. Hmmmmm.
That's not a bad profit so far. If I was in the options today, I would have bought the 15.
Not being critical, I just like a higher delta, and the exposure to volatility would be roughly half. Of course if FAZ screams higher, and volatility ticks higher, and it looks like it may, your position would probably beat my hypothetical one.
My position would be a little more conservative than yours. I would do better on a flat day, you'll do better on a screamer to the upside.
I think you are going to make some serious money today.
I'm just in FAZ itself today.
I have my own rules, and options today would have broken my personal rules.
15 minutes into trading. At least. Housing data is crummy today. And the market reacts to bad data more than it reacts to good data.
FAZ today.
Yeah, the last sentence is important.
It's real easy to get smoked big time. I like to play with small amounts, and buy in the money with a delta of just under .9.
And I leave them alone during high volatility. VIX around 34 this morning. If trading is flat, a decrease in volatility can cause you to be a loser, even if the price moves in your favor.
FAZ puts have been the most profitable play for me this year. Not lately though, obviously.
I realize that there is a need to blame short selling, and market maker's manipulation when share price fails to meet one's wishes.
But in all seriousness, you would be better off looking at the corporation itself.
If you want to play in the Pink World, you have to get real. Short selling a penny stock makes no sense, even if you could.
I fully expect this to pop again, and I want the ride.
This is a shell of a former company that went bust, it was "reverse mergered" by Mr. Bradley and his "Aerospace Conglomerate".
It's early in the Stink Pink life cycle for this one. I hope I can flip it at least a couple times.
No, that's not it at all. It's the valuation of risk. This has fallen hard the last few sessions. This has a better chance of rising than it has of falling. I fully intend to buy it. I just don't think it is quite ready yet.
So far as a two cent move goes... It is far better to bet on the improbable, than it is to bet on the impossible.
It makes no mathematical sense to short penny stocks.
What are the odds of this rising two cents versus the odds of it falling two cents? The first scenario is possible. The second is impossible. Hence, a short position makes no sense.
Because you can't short penny stocks. It would be foolish any way. It's closer to zero than it is to two cents.
I'm thinking it will pop off the new bottom. The trick is to figure out where that bottom is. Maybe .005? I'm bothered by how rapidly this has lost value though.
You made the right move there then. VIX rose two points after mid-day. I like to catch that volatility pop. But now that it's up there, well... It makes me a little leery of buying options.