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OWVI is starting to show signs of oversold now. I have added a few more shares today. Sorry, but I am not one that adds everday just because. I will only add when it shows signs of being overbought and then, I will only add in small amounts: 50k to 100k at a time if the L2 shows that it may support.
What I see now is support is decent with 4 mms on the .0023 and 2 at the .0024. NITE is in at .0023 (to buy) and .0027 (to sell). I have also noticed that wherever NITE sits on his buys, he doesnt like to move. His support seems strong (for a time being anyways). This may still come down some. I know that some may not want to hear that, but it is very possible. I am not predicting the bottom, but I have been waiting around for .0024 or lower. I think that I may pick up more at .0022 before this is over.
Right now, I am watching for a volume spike to indicate that the bottom has been found. Until we see a buy volume spike, it will continue to flitter down until the majority of investors / flippers think that this is a good place to buy in. I am okay with the amount that I hold right now and have powder reserved for when I see the volume spike. It that happens to be .0021, thats where the rest will go in at. If it is here at .0024, then there is where I go in.
I sold quite a few shares of OWVI at .004 and used that money to buy into other shares (not spamming the board) and have since doubled my money in some of those already. All the while waiting for OWVI to show the buy signals again. I don't have the amount of money to throw at this like some here do, but I certainly am not sitting around waiting, hoping, and wishing to see penny land while other opportunities pass by.
I started in OWVI at .0014, back in Sept of last year, and some wrong decisions had me holding an average price of .0045 at one time. I have since averaged down, sold on the high, and bought on the low. I currently hold an average of .0016 right now and that is because I have recently bought at .0024.
Just my .02.... take that and $5.00 and you can buy you a cup of Starbucks.
GLTA
Can someone tell me what happened with this stock there at the end of Feb? Looking to get in here....
I would venture to say that the o/s increased today. That was a massive amount of volume to up tick almost 1/2 a penny. And, it cold not hold. I await for sub penny prices to do this again.
You sure are a chain yanker! LOL!!!
IF this had a 2mm cap, it would NOT be sitting at .0026 with this type of volume. That would mean that the float has been traded almost 8 times today alone. And, it only goes up .0017 when the volume is 400m??????? That means the float trades 200million times in a day. (though it doesn't take much to stir up some of these guys).
That's a major key!!! Everytime this thing picks up a little bit of steam everyone starts yelling "To Da Moon" "going to a penny" "going to .03" and so on....
Lets reach a half a penny and hold for a day first.
All of us that got in at .0094 area just about doubled. I'm waiting for the sub penny again.
Its called "PennyStockFinders" promo pick for today: pump and dump!
I originally posted this on Feb 16, 2010:
For all Scottraders concerning MVBY
I emailed the company wondering what was going on with stock not being able to be sold nor bought via Scottrade. Here is the reply that I just received. Just thought that I would share it with all.
(xxxxxx),
Here is the information we have on your question:
“Please see the following notices (together, the “Notices”) from The Depository Trust & Clearing Corporation (the “DTCC”) regarding the suspension of all but custody services by the DTCC for the common stock of My Vintage Baby, Inc. (the “Company”), and the SEC Litigation Release to which the Notices have linked:
http://www.dtcc.com/downloads/legal/imp_notices/2010/dtc/ope/6157-10.pdf
http://www.dtcc.com/downloads/legal/imp_notices/2010/nscc/a6938.pdf
The DTCC is, among other things, a stock trade clearing house. As the DTCC’s website notes, a subsidiary of DTCC “provides clearing . . . [and] settlement . . . services and a guarantee of completion for certain transactions for virtually all broker-to-broker trades involving equities [e.g., common stock] . . . .”
The Company sincerely regrets any inconvenience that the DTCC’s suspension of services for the Company’s common stock may cause for its shareholders that are attempting to sell their shares of such common stock, and is investigating what can be done to rectify this situation in accordance with all applicable law. As an initial step in that process, the Company has engaged counsel to ascertain with the DTCC whether it is possible under the circumstances detailed by the SEC Litigation Release to apply with the DTCC to have above-noted suspension of services lifted. Assuming the Company is even able to make such an application, it will then assess the feasibility, desirability and legality of doing so in light of the information contained in the SEC Litigation release referenced by the Notices. Those shareholders wishing to sell their shares of the Company’s common stock should discuss with their broker whether future trades of the Company’s common stock can be settled by such broker through any other clearing house besides DTCC or directly by buying and selling firms in light of the SEC Litigation Release referenced by the Notices.
If appropriate, a press release may be made available upon any final determination that is made by the board of directors of the Company concerning what action, if any, it wishes or intends to take regarding this issue. Again, the Company is deeply sorry for any trouble caused to its shareholders by this unfortunate set of circumstances. Your patience and understanding is appreciated.”
Regards,
Morgan Boatwright
Investor Relations
My Vintage Baby, Inc.
403 Power House Street
Suite 301
McKinney, Texas 75071
invest@myvintagebaby.com
My friend, you have a lot of learning to do here. Chart indicators mean absolutely zilch if dilution is happening like it is here. Just because two days trading volume does not equal 57mm, does not mean that there is not dilution happening. A prime example that dilution is happening is the fact that the indicators have been signaling a bounce and its not happening. The supply is over riding the demand.
Do you know how much trouble the TA could get into if the CEO found out they were lying about the o/s? Dilution is not a good word for a company. It scares investors away. There are plenty of eyes on this stock, and I for one have been watching now for only a short while. We are watching for the dilution to stop. When it stops, the pps will go up. Right now, imo, it's riding on a dead cat bounce.
BLAP L2: 1 x .0075, 1 x .0076, 1 x .0088, 1 x .011
BLAP up 52%. Good volume! Super Thin to .01
sure is quiet around here. small movement happening. wondering if the giant is going to roll over sometime soon.
I've heard that it has been done to mess the charts up.
Dont know persoanally, but have seen it a few times.
L2: 5 x 26 supporting, 1 x 27, 2 x 28 on the sell
I would post the picture of it, but do not know how.
Folks, the facts are the facts and refusing to hear the facts, closing your eyes to the facts and humming while hoping that the pps goes up is not going to get the pps to go up. As long as the dilution continues this pps is not going up unless you have a boat load of money to buy the millions of shares that are being dumped into the open market.
The only reason that they have stopped the dilution for a day or two is so that they don't completely wreck the pps! I'm not looking for a sell off for cheaper prices! These prices are dirt cheap compared to January. Its called smart investing. Buying in when dilution is happening is not smart investing. Buying in when the dilution has proven to be stopped = smart investing.
Therefore, I await...
L2: 1 x 27 4 x 28
Thanks Alamo! ;~)
I tend to agree with you. Until we can see some positive signs of no more dilution, this is going to trade sideways or go down. I'll wait.
Thanks for the update. I'm ready to go up from here. I'd like to have a few more cheapies, but I have added now for three days snatching up all that I can get down low.
Is there any report to whether there was diluting going on today or was this just consolidation? Doesn't matter to me. Yes I am a new investor to this stock, but I feel that I got in at the right time! I'm not looking to sell anything any time soon. I see this going up real good if they have stopped the dilution.
For all Scottraders concerning MVBY
I emailed the company wondering what was going on with stock not being able to be sold nor bought via Scottrade. Here is the reply that I just received. Just thought that I would share it with all.
(xxxxxx),
Here is the information we have on your question:
“Please see the following notices (together, the “Notices”) from The Depository Trust & Clearing Corporation (the “DTCC”) regarding the suspension of all but custody services by the DTCC for the common stock of My Vintage Baby, Inc. (the “Company”), and the SEC Litigation Release to which the Notices have linked:
http://www.dtcc.com/downloads/legal/imp_notices/2010/dtc/ope/6157-10.pdf
http://www.dtcc.com/downloads/legal/imp_notices/2010/nscc/a6938.pdf
The DTCC is, among other things, a stock trade clearing house. As the DTCC’s website notes, a subsidiary of DTCC “provides clearing . . . [and] settlement . . . services and a guarantee of completion for certain transactions for virtually all broker-to-broker trades involving equities [e.g., common stock] . . . .”
The Company sincerely regrets any inconvenience that the DTCC’s suspension of services for the Company’s common stock may cause for its shareholders that are attempting to sell their shares of such common stock, and is investigating what can be done to rectify this situation in accordance with all applicable law. As an initial step in that process, the Company has engaged counsel to ascertain with the DTCC whether it is possible under the circumstances detailed by the SEC Litigation Release to apply with the DTCC to have above-noted suspension of services lifted. Assuming the Company is even able to make such an application, it will then assess the feasibility, desirability and legality of doing so in light of the information contained in the SEC Litigation release referenced by the Notices. Those shareholders wishing to sell their shares of the Company’s common stock should discuss with their broker whether future trades of the Company’s common stock can be settled by such broker through any other clearing house besides DTCC or directly by buying and selling firms in light of the SEC Litigation Release referenced by the Notices.
If appropriate, a press release may be made available upon any final determination that is made by the board of directors of the Company concerning what action, if any, it wishes or intends to take regarding this issue. Again, the Company is deeply sorry for any trouble caused to its shareholders by this unfortunate set of circumstances. Your patience and understanding is appreciated.”
Regards,
Morgan Boatwright
Investor Relations
My Vintage Baby, Inc.
403 Power House Street
Suite 301
McKinney, Texas 75071
invest@myvintagebaby.com
That was the way that I saw it, but many speculate that the MM goes on the buy when they run low of shares. Just wanting to make sure. Thanks
Thanks for the input here. Also, the RSI (7) (14) have turned up showing that the buying pressure is back. The CCI has definately turned, but has not turned up yet.
Not sure how dilution works against some of these indicators, but according to these two indicators, the stock is oversold which will bring back buying pressure. Tomorrow should be a green day.
Form 'T' does not affect the close of a stock.
The close was .014
IMO, this means that there are still a lot of shares out there. In other words, supply is much greater than demand. Maybe MMs are not "running out of shares" like many want to believe. JMTs
How do the two companies share structures compare?
I'm in one stock that does not move by the singe tick. It moves by .0004 at a time on very little volume.
I watched as NITE did this all day. If he moved up his sell, his buy followed. IF he moved it down, the buy followed. Also, ETMM seems to follow NITEs lead. Watching L2 is intersting.
Can anyone explain why NITE would sit on the .0032 sell and .0031 buy?
TIA
Excellent Post!!!
I've been reading BH's post and I am not seeing any bashing nor blindness going on. Pesonally, I think that he is bringing a balance into a very positive board.
There are many former OWVI posters / holders that are not here anymore. IMO, it is because only positive things are spoken about. That is fine and good. There is a lot of news that needs to be promoted. Lots of potential that can take place for Owvi. But when many come in and begin reading the post and jump on and "to da mooooon!" and then it doesnt happen, we have to weed out the bashers because many feel like the longs didn't hold them.
There is no problem with being positive, but we shouldn't be aggrivated because someone tries to bring balance. jmo.
The post that I responded to said "we know where 1.5 billion shares are "sitting"". The facts are that these 1.5 billion shares are not just sitting there. They are being rotated / moved around in the market. If 1.5 billion shares are sitting, then we flipped the float of 500,000,000 almost twice in 2 days of trading. We KNOW that is not the case. 500,000,000 million and the Longs could not secure a higher pps?
Call me skeptical, but if 750,000,000 are sitting, I would be surprised.
Correct, I meant 500,000,000.
I'm sorry, but I'm not buying the fact that 1.5 billion shares are tied up and we are moving on 500,000 float. With only 500k float, it would not take an act of congress to move this thing up .0009 ticks. If that be the case, we flipped the float almost twice in 2 days, and thats ALL we were able to move it????
This company will go, but only with time. People that think .01 by end of week or end of month have no clue to how things work.
I'm not being negative. I'm being realistic!
I have been watching this and was alerted at the oversold condition. The indicators have turned up so we should be on the upward swing. I also like the fact that NITE is not around (for now).
L2: 1 x .016, 1 x .0165, 1 x .017,1 x .018
Been watching this for some time now. Indicators show that it has pretty much bottomed out. So....
I'm in on this now at .012.
NITE moved down to .003
ETMM just moved up off of .0033 to .0031.
L2: 2 x 31, 1 x 40, 1 x 47
2.98 mil buy and NITE not moving.
5.9 mil buy and NITE not moving.
How do you post the pic of L2?