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Hi RJ should be an exciting summer with this one.
Well you wont get a better realtime TA on the stock then in the stockhideout chatroom. Those guys are as good as it gets.
If the stock takes off like expected why worry about 1 cent one way or the other. You can always average down or add at anytime.
It all depends on how high the gap. I mean .067-.075 range on a pullback would be a great add, however I don't think it would stay in that range very long.
Vipyr in the stockhideout chatroom brought it to my attention, that chatroom has around 100 people it and almost everyone was buzzin about CHDT. Your DD helped alot, I saw my two favorite words "no dilution" and knew I had to jump.
A gap over .084 at open would only be 5% over the close which isn't out of the question considering the eod volume.
I learned about this stock today as well as many others.
This may gap over .084 in the morning b4 a pullback.
A .084 break would be huge for the stock. Just from today's trading I see alot of MMer positioning for a future run that may or may not happen. When ARCA moved up and grabbed 85k in shares 5 minutes to close that spoke volumes for the direction of this stock.
I'm all for $2 a share but its gonna take more then that chart. Jumped in today at .077 for 25k. I will add another 25k over .084.
FGFC isnt acting right.
FGFC basing near .014 should be a nice play over the next week.
Bouncin! Gee I would say i told you so but thats juvenile.
Wally keep up the good work. This is an extremely risky play by myself and others. Theres a reason its called "trying to catch the falling knife."
I agree with you. The important factor is what is the TRADEABLE FLOAT. The OS can be 487 Million and the float can be 3 million. So much flipping went on friday I doubt even 2 million shares hit the market.
Every trade under .75 was for a flip.
All the buying on friday was chart players playing the big drop the stock had for a bounce.
if 484 Million shares need to hit the market then it will go much much lower. The key to the whole thing is how much restricted stock is there if the TA email is true.
I find it is suspect as well. Most TA's require faxs, but everyone is different so you never know.
The stock tanked 97% in one day I jumped in near the low expecting a bounce, alot of other traders did the same. Not until after the day was over did we get the report from the TA.
Here you go.
From: "Jason Bogutski" <signaturestocktransfer*msn.com> Add to Address Book Add Mobile Alert
To: "wallace mcdonald" <xxxxx*yahoo.com>
Subject: El Aacran Gold Mine Corp
Date: Fri, 16 Jun 2006 14:57:57 -0500
We do not report changes to the issued for shareholders.
The current shares outstanding fro El Alaracan Gold Mine is 487,591,000
shares of Common Stock with 500,000,000 shares authorized.
Thank you
Jason M. Bogutski - President
Signature Stock Transfer, Inc.
2301 Ohio Drive - Suite 100
Plano, Texas 75093
Telephone Number 972 612 4120
Facsimile Number 972 612 4122
Email Address signaturestocktransfer*msn.com
----- Original Message -----
From: "wallace mcdonald" <xxxxx*yahoo.com>
To: <signaturestocktransfer*msn.com>
Sent: Friday, June 16, 2006 2:15 PM
Subject: EAGM El Aacran Gold Mine Corp
> Could you please give me the current share structure of El Alacran
Gold
> Mine Corp?
>
> Authorized Shares, Outstanding Shares and Restricted Shares.
>
> Also could you tell me if there has been a change in the share
structure
> in the past few days?
>
> Thank You
> Wallace Mcdonald
Well 487 mil was the number being tossed around, from a poster's reply from the TA. That said 487 mil shares of OS and a 500 million AS.
The grey area is how many of that 487 is restricted. If alot of its restricted, the stock will bounce hard, if all of it is free trading it will be a worthless stock by the end of the week.
What are you talking about? I bought a tiny position at .12 at the EOD. I figure the thing will bounce and then fall.
I dont think 500 million shares hit the market on friday, if that was the case the thing would have fallen alot farther and the tick sizes would have been in .5-.25 increments on the way down.
Yes this stock is complete garabage. But when a stock falls that far in one day it will likely bounce at some point.
I think a company can only do a reverse split every 60 or 90 days. Now I have seen companies do a RS then a forward split in the same move like GLUV did last year. Put 2 reverse in the same month I have never heard of such a situation.
Even complete garbage bounces, RS or no RS. Also I dont think a Company can legally do two RS in one months time. Plus we still have no idea how much stock is restricted.
I still Expect a Gap Up then a crash tommarrow.
Have you gotten ahold of the guy?
Those numbers could be accurate. But the number that really matters is how many shares are restricted. If all 487 are in the float we are screwed, if not then there is an oppritunity for a bounce.
The TA's # doesnt specify what is restricted or private held by the company.
I know one thing for certain the tick sizes were way to big for 500 million shares to hit the market. At times there was 3-5 cents spreads. Im in at .12 I think it gaps up on monday at open and falls.
FDSM has a 50 million OS but only a 2 million float. 48 Million in restricted stock.
What matters is how much stock is in the float right now. If that number is still reasonable then we have a chance.
Never heard of such a rule, But if they increased the OS from 100k to 500 million in one day they should be shot to death. That is the most criminal thing I have ever heard of.
I really think this is a huge screw up on the part of the CD holder. How is the CD holder suppose to make money on a stock when it could be releasing shares slower into the market at a higher price.
If the OS really is 487 million free trading shares then it would have fallen to .0001.
The tick sizes were in penny increments, 500 million shares stock dont trade in penny increments over .01. Just my opinion. This is about a criminal as it gets buy a company to issue that many shares in one day.
EAGM I would think alot that stock would have to be restricted. If 500 million shares hit the market in one day like people are saying it would have fallen to .0001.
This one is downright baffling.
Stock has to be restricted, I learned alot about dilution from WTVN, and you cant add stock without it hitting the market.
It didnt help EAGM that everyone that was trying to play it was in panic mode all day.
It will bounce cause thats what stocks do.
EAGM will gap up monday, Your gonna see crap fly! Today was a complete panic cluste%&^.
EAGM wants to bounce.
EAGM wants to bounce!
You guys can thank me for FDSM at .30
FDSM dip chance to add.
FDSM .67x.74 its unreal. Thinnest stock I have seen in awhile.
FDSM is so thin without any trading history its hard to say anything but enjoy the ride.
FDSM MM's have no shares to sell. Its a rocket ship.