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I agree, penny stocks are a lot more enjoyable. I can never get enough of the way they pop such large %s in so little time - I think if I were ever forced to quit trading them, I'd still follow them just because they're so amusing that way!
High risk and high reward, it's always seemed a bit (to me, anyway) like bigboard stocks in fastforward (save for the several big differences in what moves them).
But, as with anywhere, patience is often very important. Unless the boat's sinking in a very obvious way, it's usually a bad idea to sell for a loss and jump to a "faster" stock; stick it out and wait for the profit. That said, nor should you get greedy. I'm sure you understand such basics very well. :)
Good luck to you, too. I enjoy your posts around these boards.
Assuming it's consistent (it won't be) and you actually reinvest every dollar you make back into one the, again, doubles in 2-3 weeks (bad idea, considering the risks) it's
between: initial investment times (2^17) {this is for every 3 weeks} and initial investment times (2^26){this is for every 2 weeks}
which means between:
131072 and 67108864 (that's over 67 million) times your initial investment.
It's the same way you'd calculate interest, except assuming the interest was charging 100% every 2 or 3 weeks.
Obviously it's impossible (or extremely unlikely) for a number of reasons. The most obvious being that a $100 initial investment would rake in up to $6 billion, and if that weren't infeasible everybody would be doing it.
Another big reason is that you can't just throw such large sums into a stock without affecting the price heavily; it simply doesn't work that way.
It's really never that simple. You won't be able to "double your money every 2 to 3 weeks"; I mean it's "possible" but so extremely unlikely that you shouldn't really consider it.
Expected before the end of next week (so next 8 trading days) according to those who've called.
Yeah, I guess so. The interest just caught me off guard, after months of the stock sinking slowly.
I really appreciate everything you post. Since November I've found myself pretty busy and been spending much less time reading forums and worrying about the stocks (which is a very good change from the more obsessive interest; from day one I could have told people that neither buying into panic nor hype will generally help you (indeed it's often a downfall), but then, at the same time, it's just so easy to fall victim to obsession with this kind of thing)
I can definitely say it's posts like yours that are most worth reading and keeping up on.
But I don't think we had confirmation of news within 10 days on Friday. I don't remember that, anyway. We had rumors of some U.K. deal, but I can't remember there being much else.
Definitely awaiting that news! It's been a fairly slow month up until now; I definitely think this one's on it's way up though, whether it starts this week, next month, or whenever. I think it will be a great stock to own shares in.
It might also be useful to note that over the weekend the boardmarks here went up about 10% or so (about 20, maybe more); it's now increased by over 30 IIRC. This is without any news/PRs.
All I'm saying is that while I'm sure there's a lot more to the recent volume, many new eyes came to the boards over the weekend right before it. A portion of the volume could be accounted for by new interest. The rest is up for speculation.
I can't explain why the interest sparked, but I can say it started before the volume.
This volume is ridiculous!
Looking at the 'Historical' section I notice a couple things:
1) Yesterday's volume looks like it was larger than that of the sum of the previous 16 trading days (over 3 weeks!)
2) Yesterday's volume was the highest in the history of the stock (including the heavy dilution, months back)
Looking forward to news.
The problem is that more often than not, RS in these levels doesn't help the PPS.
It makes people skeptical. Some even start saying that it "never" end up well (which is false; perhaps rarely, but occasionally it is a very good option for a company). It gets difficult to convince them that it might actually be beneficial (it might. Really.)
Due to which it also leads to fear-mongering, where people will start predicting RS in stocks. It's effective since most people just assume that they will lose money in the case of an RS.
Sometimes they help, sometimes they don't - it heavily depends on the situation. To be fair, though, more often than not, it makes the investors lose money. It heavily depends on the company's motive.
On one hand, I could see a RS potentially benefiting GDTK. On the other, I'd like it to be kept as a last resort, and first to see what options are available (especially what can be done after they start bringing in revenues and, hopefully, get more funding and units up and running).
Yeah, Canadian oil companies generally have pretty long arms; I was simply explaining that Fort McMurray's a place :)
Alberta = Canada, and Fort McMurray is a location there:
http://en.wikipedia.org/wiki/Fort_McMurray
He works in Canadian oil fields.
Perhaps I have already made money in this stock, and I'm expecting to make more here.
You know, I'd offer to admit you're right in one year if this stock never increases above 0.0005 within that time, but I know it would be useless.
I'm really not all that tense; it's just the way I write 99% of the time.
And I use math only when I feel others are failing to. It happens more often than I'd hope, but that's just life. If people brought literature or music up incorrectly, in relation to certain "facts" that they see here, I'd argue against those too. It just doesn't often work that way.
EDIT: I see where you pulled that post from. A bit old, but I'll go with it. I was correct in every way in that post, KK would indicate K*K = K^2 = million
You're putting words in my mouth. I was simply stating that when you way it's "mathematically impossible" for people to be "up" on this stock, you're wrong. I provided a proof by counter example. That is an acceptable form of proof at any level of mathematics. Go to your local college, take a course on number theory, or discrete mathematics, you'll see. You don't even need equations for it.
You claimed something as an absolute mathematical fact without providing evidence, I refuted it. I had proper reasoning, you didn't. End of story.
3rd grade? Call it what you want, but counter example is an acceptable mathematical proof against an argument, and that's true on any level or mathematics. Thus it's easier, often, to prove something isn't the case than to prove that it is. If you're claiming it is, as you were, you should do so on solid ground. You were the one making "mathematical" claims with invalid reasoning.
Please, take a basic course on Discrete Mathematics before telling me what is and is not acceptable as mathematical proof.
All I was trying to say is to logically reason through your thoughts before dropping the M-bomb.
Before you say whether something is "mathematically impossible" or not, you should come up with some kind of reasoning for it. A proof of sorts.
The only way it would be "mathematically impossible" to be up on a stock is if it had never, not once in it's existence, increased in value AND either it was impossible to short in any way OR it also never decreased in value.
(if it only ever went down and you couldn't short it, (or better: your only interaction with the stock was to buy some, then sell it AFTER buying, like typical traders/investors on pinksheet/OTC) then if you did interact with it, you'd be guaranteed a loss)
(if it never moved in the slightest, the only change in value would be brokerage fees)
This stock, however, has run multiple times. It's very possible to be up on it.
Want a counter example?
Suppose you bought 10million shares at 0.0002 (let's say, the week of July 12th) and sold all 10million at 0.0008 (October 12th is one of several days it hit 0.0009 this year). You paid $2000, but pulled out $8000. Last week you bought back in, bought 10million shares at 0.0002 again. Are you not up $6000 on the stock?
You're certainly up in that scenario. Thus it's NOT impossible to be up on this stock.
I thought I was the one who didn't know and had to be informed... heh. Well if anybody with a better idea about the process sees this and sees that I'm wrong, feel free to correct me :) always happy to learn!
Anyway, that was my understanding before: that the total shares sold had both a buyer and a seller, and so when you add to the statistics there are two possibilities: either you bought, or you sold. If you're a seller than you can obviously tell whether you shorted or not, but if you were the buyer then you can't be sure how the guy on the other end of the trade got his shares (meaning whether he bought them the same way that you just did, or if he borrowed them to sell (i.e. "shorted" them)).
What I mean is, I've always figured that there's a chance (again, the numbers could be wrong, I really don't know, but there's a chance) that the short numbers are true and very high, and that if I bought shares, especially in large quantity, then there's a good chance that the guy who sold me them did so with shorted shares.
Just out of curiosity (and I apologize if this is a dumb question - it is getting late, so there's a good chance), but how would you go about finding out whether the shares sold to you were not shorted? I mean, I've always assumed that the person being sold shorted shares would see it like a normal transaction.
Is it due to the about 12 (if my memory serves, from your other post) small transactions rather than the large one? Is that just simply uncharacteristic of shorting, and so more likely not to have been? Even if it did take that many, the seller would still be doing so in about 5million share blocks, which doesn't seem too unreasonable to me.
Curiosity always gets the best of me :)
While I would be much more comfortable with a PR about the share structure, especially in the short term, there are a few things to consider:
1) Max float is around 1.5billion, which still wouldn't be so high as to totally cripple a company like this for more than a few weeks/couple months (E.G. when they start posting higher and higher revenues)
2) The share structure is what it is. It would be comforting to know it, and would help PPS increase over the next couple months, but stating it probably won't change it.
3) Previous clients that signed on followed through. DTSL has a great track record like this. This event could be huge for revenues, more so if you consider A) exposure (i.e. to other clients) and B) repeat clients.
What I mean to say is that if you do plan on going fairly long with DTSL (which I understand if not, it's hard to convince ones-self to do so with any Pink-Sheet stocks, and over 9/10 times you'd be right not to, but if you do plan on holding on for a long time) then I expect this news to have more impact on, say, 1 year from now, than a share structure update today would. That said, I could be totally wrong and this is all IMO.
Based on : http://ih.advfn.com/p.php?pid=nmona&article=44748504
There were two locations: Lucky 7s and their "outlet store", both different, along with online sales.
In November they decided to close down (stop leasing) the Lucky 7's store and "[move] Lucky 7's Retail Store to Outlet Store Location Temporarily", meaning that now the only places to buy are online and the outlet store. They were doing this because they found the outlet generated more profit and so they're opening a second outlet instead of the previous 1 normal retail + 1 outlet structure:
http://ih.advfn.com/p.php?pid=nmona&article=45297858
The transition is:
1 Outlet + 1 Normal Retail + online -> 2 Outlet + online
Unless my understanding of their current and recent situations is off...
Haha, of course. I've been there too - rather I seem to be there constantly! Always something new to learn.
Using multiple Ks seems kind of silly to me, it feels roundabout and you can't really do billions with it without running the risk of some extremely awkward responses. But all that said, it's used fairly frequently for millions from what I've seen.
Back on topic: fantastic day. Charts are looking better and better. The news was great, but leaves room for more (which is nice, since with this company we can tell they'll take advantage of this and keep the rocket well fueled with more PRs). Overall I can't imagine selling even one share for a while yet.
When people say KK they almost always mean million (i.e. K = 'thousand', KK = 'thousand''thousand' = million)
You're clueless if you think that confirms your notion of 1.1billion. They say:
107247956
= 107,247,956
9 digits, that's hundred million, not billion.
So yesterday you though it was 800mil, and now you think it's 1.1bil. What caused you to change your figures? Will you be claiming 1.5billion tomorrow?
It was confirmed with the company numerous times yesterday that it's still around 450million. What makes you so sure it's so much higher?
Well sure, but let's focus on getting a bid first lol
I agree, though, GDTK can have massive upside. Some days I'm a bit annoyed that I've got as much money essentially locked in here, as I do, but then I just remember that I didn't expect a quick flip when I bought it. Patience might well be rewarded greatly here.
That's how he signs his posts, just like how you end them with packerjack ;)
I think his point was, though, that on one hand the outstanding shares has increased massively, but on the other so have the revenues, assets, etc. (and proportionally, such that they would cancel each other out). At least that's how I read it.
That said, I wasn't here last year, and don't really have an opinion one way or the other about the ceiling, but what I can say is that it looks to me like we're going up.
If you're referring to his comment about Black Friday and contracts, I suggest you read through all of the PRs released since the start of October. There aren't too many...
And, of course, this is why you often want a confirmation candle - especially on dojis.
All charts (Weekly, daily, 60 minute, etc.) are looking amazing right now.
Well, I guess I don't have to worry about the increase in volume holding for today, at least. Wonderful first hour!
Sorry for the semantics, I just have to say it:
KK != 2*K (two times K, that would be 2000 times the leading number)
KK = K^2 (K squared, that would be 1000000 times the leading number)
As for BZCN I hope we start seeing the increase in volume hold. Yesterday we had significantly more volume than any time in the past 3 weeks! Very exciting.
Another sheet has been added to their financials:
http://www.otcmarkets.com/stock/DTSL/financials
Bits from the first couple pages (it's 39 pages long, so I'll read the rest later.)
Initial Company Information and Disclosure Statement
ISSUER’S EQUITY SECURITIES
COMMON STOCK
$0.001 Par Value
3,000,000,000 Shares Authorized
1,207,422,444 Issued and Outstanding
PREFERRED STOCK
10,000,000 Shares of Authorized
2,000,000 Shares issued and outstanding
Item V Par or stated value and description of the security.
A. (i) Common Stock has a par value of $ 0.001.
(ii) Preferred Stock has a par value of $ 0.001.
So when they say:
"The Issuer has confirmed to us that a
stockholder list dated November 12, 2010, provided by Manhattan Transfer Registrar Company that
1,207,422,444 shares of common stock were issued and outstanding as of the date hereof. "
In the Letter With Respect to Adequate Current Information they mean as of Q3 and not as of Nov12th. I guess that makes sense, because the Q3 info was reported on Nov12th too. On first pass I just read it as though they had sent the updated structure on that day as well (as they did post plenty of other docs).
Thanks.
I think he's referring to, in that most recent letter, which states it's as of Nov.12th, where they state the OS is still 1,207,422,444 (which is the same as it was pre-dilution, no?) I have no doubt that the dilution occurred, but if 450mil is in the float it means their locked shares aren't the 1bil we previously though, but rather about 750million, right?
Sorry, I'm just a bit confused, and I'm sure I'm probably missing something.
I think you've picked a perfect time: having not yet missed the run, but also likely little time to wait.
Only two weeks remain until Black Friday and Cyber Monday, it's only a matter of days now.
Yes, that's exactly what it's needed for. I had that in the initial post, but removed it because the post was getting lengthy. Oops.
Regardless, getting up to date with financials is a great thing.
Looks good.
A small pick-up in the past 30 days (avg/day up ~15.04% from the previous 60 days). Notice that it ends on Nov. 8th, which is very early as far as "holiday season" is concerned. Also only includes ebay sales, no Lucky 7s, which IIRC is moving up very quickly.
Looks like it could be starting to move. A slow start to the pre-holiday shopping, perhaps.
Has anybody noticed the publish date on the financials here:
http://www.otcmarkets.com/stock/DTSL/financials
Sorry, I wasn't around much yesterday, but it says the latest 9 documents were all published on November 12th, 2010 (yesterday).
I just feel like there would have been a lot more posts regarding it.
As far as I can gather from it they're quickly turning their deficits around. The financials submitted in September (on Q2 period ending June30th) showed a net income loss of $291,595 for the quarter, where the Q3 (ending sept 30th) had a loss of $102,209 for the quarter. One third of the previous.
Also note that both of these were before the big dilution and all the great news and huge deals they've made. They could move into positive revenue, profits, very soon.
Also remember, they have a big Black Friday gig outlined in the early October PR here:
http://ih.advfn.com/p.php?pid=nmona&article=44696573
Things are looking bright for this company IMO
Reminds me, painfully, of too many previous stocks. You see all the other stocks you've been watching start to run and start to think your current ones either won't or are taking too long, or are otherwise just not an optimal place to leave your money. Next thing you know it finally does run, right after you sold. Patiences is absolutely essential.
On a similar note: it's also important to take some profits somewhere on the way up. As amazing as it is to guess the peak and get your bonus, it just doesn't happen often enough for most people, and the fall can be pretty steep. That said, when taking their profits people should always sell at the ask so that you don't help kill the run, and not make too heavy of a wall. This won't only benefit everybody else in the run (who helped you make the money you've made so far in its run) but will also help you with a better price for your remaining shares. Do it for yourself.
A few major points:
1) Global Warming is a fact. You may argue whether it's influenced by man or not, sure. I personally don't think we're the largest cause of it, so in that I agree with you. But the term "global warming" refers simply to the increase in temperatures of air at surface level, which does exist.
2) Global warming is not the only reason for shifting towards "green" power and technologies. For one, oil is becoming more scarce and expensive, regardless of impact on "global warming" or anything like that. Renewable energy will be essential to survival in the long-term. Maybe not in our lives, who knows, but a large part of the separation between man and beast is "reasoning", and with that many people have found "sympathy" and "empathy", and many other pathos which make us actually care about lives outside our own, including those not yet born. The point is that, regardless of your beliefs, there is a shift occurring towards renewable energy. Getting energy back from processes which are already in action seems like an obvious choice.
3) It's not just America that's moving towards "green" and "renewable" energy. America's not even close to the greenest nation on a per-capita basis. The "gullibility" is global.
4) The market does not necessarily depend on the conditions you're raising. There is a strong and emerging market for renewable energy, whether you believe in the stuff or not. You've put money into a company which doesn't even have revenues yet. Nobody told you to do this. It might take a while before you see any returns, you should have accepted that going in. That doesn't mean it won't provide great returns in the future though.
All I'm saying is you're already in. You've placed the bomb and right now there's no escape. You might as well wait for the fuse to be lit before you decide whether it's a dud or not. At this point GDTK still has plenty of potential to explode, but chances are it will take time.
EDIT: Looks like Sully got in before me
There was 50million form T yesterday at .0005, IIRC.
But soon after Sully posted this:
38921593/41054093 ( > 94.8%) of the shares sold at .0006 today happened at exactly 14:12:12, implying that it was one sell.
95% of all today's sales happened in an instant and it didn't even knock 1 MM off the bid.
All I'm saying is that there are a lot of shares waiting to be filled at the bid right now, so getting in at 0.0006 any time soon seems very unlikely at this point unless there's a harsh turn around tomorrow.