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Chud I love you.
In a very very straight way.
If they do not retire them, THE SHARE STRUCTURE WOULD NOT CHANGE. Everyone should calm down, if they trade their shares in an account (which isnt really illegal) they are not issue or retiring shares. Yes it could be responsible for holding us in this position, but IT DOES NOT CHANGE THE SHARE STRUCTURE!
Everyone should calm down. Unless this shakes your confidence in the Co. If so then sell, but remember many of these guys have Experience in the financial services field.
Company's do this all the time, but the effect is never really noticed because of the fluidity of the market. In the pinksheets it could have more effect on trading, I believe they could sell at .0007 because perhaps they worked a deal with the MM's that allow the MM's to sell the shares as their inventory so it isn't "dilution" its a form of PPS arbitrage.
Morning all, looks like new day same trading. At Least a tick to .0006 is green now!
Thanks! :)
thanks clams, I felt the need to throw that in there. I mean I got accused of giving bad advice today, and all our good DD posters seem to be getting bashed when the stock doesnt move 100% a day. Everyone is just so irritable on days like this, we have a line dividing our EFGO team here, and that is NOT what Ihub, or life for that matter is about!
personally I agree with everyone, all information should be shared to all or none. I know this seems stupid, but the point of the boards is to share information. On the flip side, it is important not to bash so quickly about information. However I am guilty for being harsh on those that come in and try to claim there is dilution and blah blah this and that. Things should be backed up, or at least cited so that others can do their own DD. Bottom line is we are all responsible for our own investing and trading, but we shouldn't be with-holding info from some people, to tell it to others.
Also people need to grow up, Like I said, we are all responsible for our own decissions, no one is here to be a salesman or give advice, so lets cool our jets, and try not to focus on every tick if it bothers you!
I agree chud and I have noticed it before, after a "sell off" the boardmarks go down, then the cycle starts again.
Strong funds weren't bad, in fact they are based right here in menomonee falls wisconsin 20 minutes from me. But 14% is misleading, that doesnt include any loads, 12b-1 fees, trading costs, management fees, and a few things mutual fund investors rarely think about, but the taxes that are passed through on short and long term gains.
for instance if you buy a mutual fund at the end of the year with a NAV of 24 dollars, then they pay a dividend or had sold stock in the previous quarter, your return reflects taxes and trade costs that dont even benefit you, you pay for other peoples returns, and it loses YOU money.
Don't get me wrong mutual funds can be beneficial for retirement or education saving, but they are not without risk, and in my opinion it adds loss of risk that isnt a factor of the markets but of management. Not to mention you can create a portfolio of ETFS with a much lower BETA than you ever could with a mutual fund, and they are more cost effective.
but enough about that EFGO TOOOO THA MOOOOOOON!!!!
besides that wasnt advice, I clearly said that. It is my strategy. It has worked for me.
GLTY
Mutual funds are a waste of money. They churn the accounts and underperform. If I want low risk low return I will index with ETF's. But since I have consistantly outperformed mutual funds my parents own (yes even including some money in pinksheets, I bought this when it was CHNW as well). but when I am making 40-50% returns trading, even after commission and the small losses I take playing the pinks, that is better than 14% before fees and taxes.
thanks Man!
Well you're right thanks. But I just voice my opinion and thoughts and people can do what they want. The people that get mad at posters for making recommendations is ridiculus, no one knows you or your financial situation, only you can make your trade decissions, so stop whinning and sell and move on if you made a bad choice. and diversification is for retirement planning.
GO EFGOOOOOOOOOO!
(p.s. I am assistant mod and have a decent membermark count, so I like to think the "advice" I don't give is a little decent! :) )
Everyone is different, but Personally I focus all my fund on one play. I do the research and feel confident when I buy a stock. However I am 20 years old playing with a fraction of the funds most of these guys do, and I have my whole life to make money.
It depends on your risk tolerance, financial planners preach diversification because it covers their a$$ from people that watch daily swings in prices, over the long run the stock market outperforms every other asset class. Depends on your strategy and your risk tolerance. you will learn what is best for you and your objectives.
He wasnt done with it, he said he had to clear it with IR or something before he could distribute it.
thanks :) EOM.
How can you use these trading patterns to determine future trading? This is a crystal ball power I am trying to learn. Here I am learning CAPM and DCF to learn how to price stocks, the intricacys of bond and option pricing to try to be a good analyst and portfolio manager and prep for my CFA, and DOLPHY has the key to trading secrets right here...
Please do share, so I can stop wasting my time in college and start my fund. TIA.
Yea we have having problems with it. Hopefully tech support can resolve it soon. Like I said your branch should be able to help you with everything at internet rates.
Scottrade Issue update.
Trying deleting any links to scottrade.com in your favorites, and clearing your cache. If this works you are one of the lucky ones. Our Tech department is currently trying to fix this (that number they gave to tech suppor will do no good at this time).
Call your branch for quotes ETC, they will place trades for you at the internet rate.
You're welcome!
bit delayed because I got it off of Ihub. Cant copy and paste my T & S.
Time & Sales
Price Size Exch Time
0.0007 25000 OTO 10:12:29
0.0006 3000000 OTO 09:57:00
0.0006 9000000 OTO 09:57:00
0.0006 500000 OTO 09:56:05
0.0007 500000 OTO 09:56:05
0.0006 5000000 OTO 09:54:17
0.0006 1000000 OTO 09:50:59
0.0006 9000000 OTO 09:50:58
0.0006 100000 OTO 09:49:40
0.0006 1000000 OTO 09:49:37
0.0006 300000 OTO 09:48:02
0.0006 300000 OTO 09:48:02
0.0006 300000 OTO 09:48:00
0.0006 425000 OTO 09:46:29
0.0007 425000 OTO 09:46:29
0.0006 1000000 OTO 09:46:12
0.0006 500000 OTO 09:46:12
0.0006 1000000 OTO 09:46:12
0.0006 54000 OTO 09:46:12
0.0006 50000 OTO 09:44:05
0.0006 250000 OTO 09:44:01
0.0006 20000 OTO 09:42:16
0.0006 270000 OTO 09:42:15
0.0006 250000 OTO 09:42:12
0.0007 500000 OTO 09:34:03
0.0007 50000 OTO 09:34:02
0.0006 500000 OTO 09:33:00
I think the B/A is more crazy than I've ever seen. It seems to change for every trade!
With UBSS constantly camping the bid, and then sitting on the ask, then pulling off. I do not think it is unreasonable to think they are buying and selling holding us here, and why not they are getting a 30% profit on the spread.
Personally I think these "useless" Pr's are great. When banks and financial institutions go shopping how do you think they see these small companies? Their investment bank checks the wires for companies that progress in a way aligned with their client. I think these kind of Pr's are excellent if EFGO wants to get bought out because it shows all the things they have lined up, If I was BAC (bank of america, or something similar) I would want to get into the company BEFORE big deals are signed, but almost signed because that gets my name out there.
Some of you guys have so much cabin fever it is unreal... Great things are happening and all you can do is complain you didnt make a few thousand over night.
Chart looks a bit better today. At least we are holding this level well with no news.
I think DOMS will move soon, he never really camps. I think 6's are rare. the key IMO is UBSS and he moved to .001!
IMO it sounds like a legit form of risk arbitrage, but whether it's plausable or legal I do not know.
"expect an UT soon... because I said so!"
I think they heard me, the "voice of reason" haha.
told you!
Expect UT here, UBSS to .001, they (MM's) seemed lined up now.
Good call, guess I missed that.
Anyone notice the 12-15g they filed in the middle of may.
Does anyone know more about this form? Notice of termination of registration of a class of securities under section 12(g).
well it is probably almost to your target price, so you can take care of that then eh?
Done. Right under quote link for U.S. and above German quote.
I don't have real time, this is from allstocks.com, which is why I was verifying. but here it is.
MM on Bid : 6
MM ID Bid Size Time
UBSS 0.0006 1 09:29:00
ETRD 0.0005 100 09:13:28
NITE 0.0005 100 08:30:09
DOMS 0.0004 100 09:17:06
MM on Ask : 5
MM ID Ask Size Time
MAXM 0.0000 100 09:50:36
ETRD 0.0007 100 09:13:28
NITE 0.0008 100 08:30:09
DOMS 0.0008 100 09:17:06
Is UBSS really @ .001??? and bidding the highest? He surely loaded up last week, buy buy buy and we could visit him at .001 IMO! NITE and DOMS usually move quick.
Morning all, low volume again. At least we have stuck to the higher range of this ugly gap spread.
Lots of selling today, not good on chart. CMF way down, but Accum/Dis relatively flat. I still suspect no dilution, just impatient "rookies" pulling the plug.
Have a good weekend all!
...looks like impatient people are selling again. Same old story different day.