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OK, TDA has it different on the 1-year daily. 53+
I'm reminded of the story of a major league pitcher (don't remember who) in his arbitration hearing. He and his agent had statistics to show he was the 2nd-best relief pitcher in MLB. The team countered with stats showing he was the 4th-best reliever on their team.
GLTA
Not possessing the charting skills you do, can you expand as to why an RSI of 53.34 signals a correction? I see that it has been trending steadily up since October, but I always thought 50 was 'priced right.'
Thanks.
Absurd amounts of money just bought this at $8.95-$9.00.
There's your $8.00
Whoa - what caused that spike?
Of course you did. Every day you come on here and tell us how you bought at the absolute low and sold at the absolute high. Nobody times the market that well, that often.
GLTA
For what it's worth, Warren Buffet is quoted today as he is "not worried" about JCP surviving.
GLTA.
Shares of JC Penney Edging Higher Following Comments from Warren Buffett on Squawk Box He is 'Not Worried' About the Co. Surviving
Last update: 16/10/2013 8:12:45 am
Fair question.
Nobody's buying. But nobody's selling. We'll see where it goes. Hopefully you're making money on this.
GLTA
True, but that's not the case here.
Hm, now the bid is hidden, showing only 10,000. Looks like NITE changed to AON, so they don't have to show it, hoping people will panic and sell to them.
That's my opinion, but in my experience, 45M bids generally don't disappear.
GLTA
Not me, to be honest. I thought that was one of the lamest PR's in the history of PR's.
But the bid is now 45 million at 3 for a stock that you could have bought at 1 or 2 a few days ago. Something is happening here, something bigger than all of us. We can speculate, but in the meantime, I'm trading the stock.
I'm no pumper. I'm a realist. I've criticized Matt when it's been warranted and gotten myself suspended on occasion for fighting on here. But facts are facts, and indicators are indicators. The chart looks strong and the bid/ask is now 45m/38m. That's a buy signal.
GLTA
Now 41m x 38m.
This will move today. Get in now before it's too late. I'm going to buy more once I get some funds cleared up.
GLTA
Interesting. 17M on the bid at 3, and 4's are getting tickled a little.
Might push into the 5-6 range.
Don't know what, but SOMETHING is happening here.
Edit: now 26M on the bid.....
Can you share what he told you?
Since the paid promoters are not here today, that is a good indication that the dumping is over. For now. Once they return, the stock will resume its spiral down.
Buyer beware.
GLTA
Buying DNAD = no brains. THAT I agree with.
Where's your analysis of the A/D line?
This has to be the most embarrassing, and least effective promotion campaign I've ever seen. Nobody is buying the BS! Everyone knows this is dead money!
But I hope they keep coming - they're good for a laugh......
My take, which is my opinion and my opinion only, fully (and likely) possible to be 100% wrong:
I think the assault on the bid in the last few days was retail. The CEO has been too silent for too long, and traders do not like to have their money tied up in a stock that isn't doing anything. Go back and look at the tape, and there was one larger sell at .0003, which started the ball rolling downhill.
The CEO has failed. That doesn't make BCAP a scam. Does it matter? Only to those with an agenda.
I'm hopeful that those who are still in this can recover at some point. I do not feel that BCAP can survive, nor do I have any faith that the CEO will be able to rescue this stock. You can only promise things for so long before people tune you out. That's the nature of pinks, tho - long on dreams and short on substance.
You win some and you lose some. This one's a loser.
GLTA
If that's the case, then this party is worse than Steve Martin's party in The Lonely Guy, or the party at Lambda Lambda Lambda before Booger whipped out the doobage.
Still holding. GLTA
Unless ETRF and/or NITE have shares at 7. They are currently the 2 MM's on the ask at 6, so you won't see their 7's until the 6's are gone.
GLTA
"and all those other shop worn phrases."
You mean like scam, no bid, box job, and the like?
GLTA
Arrogance is a deadly trait for any person, when you assume that everyone you're dealing with is stupid. Especially in business.
http://ih.advfn.com/p.php?pid=nmona&article=56102941&symbol=DNADD
From the PR: "we have shelved any plans we had to release new titles and have exited the contracts we had for existing, own IP games."
but....
"DNA Dynamics, Inc looks to a strong revenue stream in 2013"
C'mon, seriously?
What a disaster this has turned into.
GLTA
The VALUE of the shares won't change. If you have 10 shares at $1 or 1 share at $10, you still have $10 worth of stock.
What happens all too often in the pinks, companies do a reverse split of the common shares without proportionately reducing the amount of common shares authorized/outstanding. They reduce the amount of shares we own, then have millions if not billions of shares on hand that they can dump into the new, higher share price.
With the merger, that should not happen here. But RS's often end badly in the pinks.
So far, the proxy has been met with a collective 'meh' from the market.
GLTA
Any mention of a reverse split in the pinks normally sends shareholders running for the exits. I'm nervously watching the early action.
GLTA
I see nothing has really changed around here in the past 5-6 months.
yes, it did fill. and now 36's are selling. grrrrrrr
I have an order in at 38 (not quite for a million) that's not filling........
Just offering some commentary. I'm bored at work!
Uhh, I disagree. Read my post again. The PPS is in a steady decline, board activity is down, and the volume is also declining. RIGHT NOW, there is little to no buzz surrounding BCAP.
I didn't say it's dead. And it indeed can turn around at any moment.
While I do not believe that the company is a scam, it is obvious that the bloom is off the rose with BCAP. Those that bought in the 8-12 range last month are either holding the bag or have to sell at a loss.
Not saying the game is over - far from it. Just right now the negativos have the upper hand. Such is life in the pinks.
Hope you all have a blessed Thanksgiving.
More than likely it was a coordinated transfer of shares. Between who, and why, those are very good questions.
But if anybody thinks a 50M bid all of a sudden appears, and then all of a sudden there's a 50M sell, and that it 'just happened' then you're clueless.
GLTA
I believe management has demonstrated that they are akin to retarded monkeys.
GLTU
He's been diluting since .005. Why would he stop now?
Looks a lot like dilution to me.
I see what you're trying to do. You're trying to make it seem like the language indicates that one person can hold the majority and therefore be able to enact the changes.
Nobody knows who holds the majority, but it's safe to say that no one individual holds that many shares, and this isn't what the language is implying anyway.
Nice try tho. Good day.
"holders of a majority of the issued and outstanding Common Stock"
It's all right there, man.
I love selective editing.
For a period of two (2) years terminating on July 1, 2014, the corporation shall not, without the prior written consent of holders of a majority of the issued and outstanding Common Stock of the corporation (a) amend its Articles of Incorporation so as to increase the number of authorized shares of Common Stock and/or (b) effect a reverse split of the corporation’s issued and outstanding Common Stock. Effective at the close of business on July 1, 2014 or on such earlier date as written consent shall have been provided in accordance with the preceding sentence, these By-Laws shall be automatically amended, without further action by the Board of Directors or shareholders of the corporation, so as to delete and eliminate this Section 10.06.
Remember the 1985 movie "The Sure Thing" with John Cusack and Daphne Zuniga, where they travel across the country from Boston to LA? He is going to meet a girl, and she is going to meet up with her uppity boyfriend. When they get there, they go their separate ways, but wind up at the same campus party.
The boyfriend looks at all the kids drinking, laughing, dancing and singing and says "Look at these people. They probably think they're having a good time."
That's what it's like reading some of these posts from the negativos.
Go BCAP.
Funny how those 60M shares on the ask yesterday didn't reappear this morning, no?
GLTA