is investing - trying to not be a proletariat.
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No amount of people quitting will change this scam. It's pretty much had the same performance for the last 2-3 years. All down hill, if you like to throw money into a fan or out a speeding car, it's about as productive as this TP scam.
*yawn* Same old same old over here. Enhanced reporting my arse. Nothing new, nothing reported, same garbage. With AU/AG taking hits over this year, I doubt this scam will ever move again.
Stick a fork in it, it's cooked.
Hello, looking for new Divys to enter. POT looks like a great stock to jump in on. Just have a few questions and I'm wondering if any long-term holders had any views.
1) What's up with the big drop? It looks as if the security is still over-priced slightly, it appears it could correct and consolidate as low as $29 before it will move back up.
2) How does the future look for POT? Looking to hold this for the long term.
Looks good but a bit rich for my blood atm ;)
Gonna have to wait 2-3 months and drop a chunk down.
How's she looking for 2015? Good time to begin accumulating? Looking to expand on some divy stock. TIA.
.18? Not bad at all. TYVM for the response!
Just came across this stock, how're the divys? I'm interested in building a core divy portfolio. TIA.
This would make an awesome roll of toilet paper and cheaper too!
From the pattern, this could trend lower. As long as the floor doesn't fall out, playing it long to accumulate could provide a decent return... as always Caveat Emptor though.
500,000+ shares shorted of ~1M+ shares. Nice catch.
LOL, for the most part, that is true. Further, I'm not invested in this stock - so I could careless of the action. But I will tell you that 99.9% of all penny stocks are scam. Go ahead and look through my posting history, I've broken up a plethora of false claims. They are generally a shell with nothing but hype and lies.
Believe it or not, but shorting does happen in the pinky world, it's called cellar boxing. I'm not saying this is happening here :)
Yeah but recalls are gonna hurt the company, this has been a widespread issue in the car market as a whole.
http://www.businessinsider.com/afp-chrysler-recalls-350000-cars-for-ignition-switch-flaw-2014-9
http://blogs.cars.com/kickingtires/2014/09/recall-alert-290000-sedans-station-wagons-suvs.html
How you been bro!? :D
Looks good to move up again though as a large load of shares have traded hands looking to meet higher returns on equity.
Please God, no... don't ruin my love for VW :*(
If you bought anywhere above a .25, you're feeling the impact of the market pricing in the security. The summer months are typically when mining companies are going up and into fall they go back down. Since this company is an exploration/development company, that means they missed the window and if it is legit, won't have enough time to get anything into place to do what they stated they would do.
As a caveat, I wouldn't call a measly 6,130 shares 'free-fall' as there are something like 400,000+ shares circulating and that makes up a roughly >2% of the share structure. When stocks have zero volume, they are easy to manipulate one way or the other. I do not believe this is manipulation, it's just no ones buying and so, those who're interested in buying for the long are going to place their bids far under the current price. Since no one is buying, there is little resistance to bringing the stocks price down.
I wouldn't jump into this feet first, I'd place highly conservative buys below the current prices each opening day. Snag a few hundred here and there, enough to feel safe with losing if it falls through and then there is always the chance those few hundred / couple thousand move up quickly and make sure to have some sales set in advanced and get out. It's about being ahead of the curve, projecting and predicting the action, once you've already 'realized' the current price, your time to buy or sell has long passed.
Sure some stocks explode in price very quickly and those are typically on low volume, tight share structures. This stock has the potential to do just that on the share structure side, but the company is far from proving up their claims. So you're not going to miss much by playing the action for what it is.
March 2014 Financial Report:
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=118049
Hate to be the one to say I told ya so but, I told ya so.
Hello $9 dollars.
Actually the PR would have been nice if what they said they were going to do would have been in the PR instead of a 'kick the can down the road'.
Bullish engulfing pattern, reversed the current downward trend but has a 1.18% chance of a breakout, which means this is not a very reliable indicator. Although this has been in a downtrend there is a 63% chance of a continued upward trend but unlikely as it will resume its fall once more typically from this candlestick formation.
As I said, we can go round and round but it's only as difficult as you make it. Trade what you feel most confident in trading or else it's not worth the stress. Last few years I have only been trading AU/AG physically.
I only follow stock, never was a big fan of trading it. I liked pennies because of the excessive leverage. But learned the hard way on a number of them, even stocks that had 'perfect' chart formations, such as ITOK back a few years ago - lovely setup, totally failed as the market simply wasn't there.
LOL, you give them WAY to much credit. As I said, you play short, why go long when the world is in turmoil? The standard of living keeps going up. More taxes, more subsidizing and so... you can drink the kool-aid and cop out saying that they will always win, when half of these men work out of a box. They act like since they know how to file a disclosure statement, that they are all of a sudden corporate. Oh boy, a wordpress website, ohh wow. Or maybe a joomla site, ohhh aahhh. Yet, you can google their address and it's a bogus address, this or that.
So you know the game, why would you buy in a down turn? You short it. When it begins to ride, you buy at a dip, hold for a day and sell on the run. If it goes no where, ok lick your wounds and take a slight loss. But waiting for the pie in the sky, you're better off playing lottery tickets.
Stock is 98% following and 2% pulling the trigger. 1% to buy and 1% to sell. If you're wasting any more than that, you're doing it wrong. You'll never find a gem anymore as it's all monopolized. Like check this, Kroger? They sell gas, is that a coincidence? No they are owned by Shell.
You can't make this stuff up, they make money because people are naive and hope for the big pay off. Wealth doesn't accumulate over night.
Well, I never said their actions were ethical, moral or justified. But you can screw them back by playing the stock correctly. Secondly, people lose a couple hundred bucks on here. When a big board goes down, your entire retirement plan just went out the window and that's if you're lucky enough to receive a severance check.
I may sound extreme, but I'm as level headed as they come. I don't put lipstick on a pig and say anything different. Further, the market will price this stock accordingly. If it goes to .0001, no skin of my back and another laughable stock to add to the collection of scams I've followed.
I am also glad we've come to a term of agreement as I said, I have nothing to gain or lose and my only interest is to see what turns out. I already tracked down info when the original owner of this (GMUI I'm speaking about) was handled by Alan Muller who is also convicted by the SEC and not allowed to handle stock.So when I pressed on Maurice about it, funny enough now hes gone and Maurice does the front. Last time I spoke to Maurice was honestly around August last year and he didn't have much of anything to say. Could barely understand him and he obviously had me on speaker phone.
Same whores,same show.
See, you miscomprehended what I had even told you. I said, once a big board company has PRODUCED and REALIZED A GAIN the profit is ALREADY priced into the market and WILL fall until they PRODUCE AGAIN. If the demand dries up, no more product! Warehouses close, stores shutdown and tears are cried.
I meant scam in the manner that its all about trading the stock and it doesn't matter what the company is doing, if the public buys it, then its fair game to speculate. Further, the price of the stock on a big board, is padded by the REINVESTMENT done internally with employee issued stock, 401ks, share buybacks, etc etc etc. It's not even the market driving the price, its the company gaming it from taking money from your check and giving you exchange in shares. Does it work? Hell yeah because big banks need the liquidity or else the whole house of cards fall.
I've also worked for a Fortune 500 company and run locally/state level politics, from top down the American economy is driven by emotion, nothing more, nothing less.
Do you think the big boys over at the NYSE care about it either? What about Enron? What about Solyndra?
Come off the high horse, its eat or starve, this isn't candyland.
I don't trade stock on legitimacy, I trade on trends. How is it you struggle with comprehending that?
Speaking, the car companies are so legit, they need public funds to stay a float. What about Radioshack? Down the tubes. Name all of them that are legit, go a head and you can bet your silver dollar JPMorgan/Chase, or some other big financial institution is behind them.
If you don't like what you see, leave. No one is compelling you to buy or trade any security but yourself. I'm not on here to convince you to buy the stock, like I've said over and over again that I'm here to follow it because of the previous shell.
Secondly, it's not a conspiracy and it's funny you have to fall back on such terminology. Shorting happens all the time, it's part of the market. If you short, you bank on it losing money. This happens ALL the time, on EVERY stock, big board or not.
Finally I never said this was an outright scam, I said I doubt it will materialize into some massive multimillion dollar company as I was unimpressed by the photos they've posted.
Pretty straight forward, not sure why you continue to twist and contort. I have no stock in the company, I can't make this any clearer to you. So there is absolutely nothing for me to gain or lose and I could give two shits less.
I do believe that the stock is still profitable because the share structure is lovely, very tight, not many shares in circulation. If you don't want to bank on that, like I said, move on, plenty of big board stocks or other OTCs to follow. You want to follow a pnd, check out GDSM, great pump and dump, millions of shares traded fairly regularly as it moves from .0001 to .0011 and then back down. So often, you'd have to be a moron not to make a few bucks.
Might want to look into how you place short-sell orders btw, it's easier to make money this way, since most stock tends to go back down anyhow...
https://us.etrade.com/e/t/estation/help?id=1301020000#Sell
What goes up, comes back down. That includes the big boards, like I said they only retain their value from 401ks and share buybacks, outside financing, etc. Once they've produced and had a realized gain, the profit is no longer there until they produce again.
Also, yes, shorting goes on all the time and is a #1 reason OTCs never make it to the big boards, it's called cellar boxing.
It's also worth noting that what I garnered from the Press Releases is that, they would 'acquire' the land and lease it back out to 'developers'... so they'd essentially act as a 'holding company', what they hold is the 'mineral rights'.
Again, this is MY perspective on all of this and I've been through a host of mining companies and what I can say from all that experience is that 99% of them are liars/scams. (SFMI, CNEX, IDCN, LLEG, GDSM, SIRG, ARSC, and I can go on and on.)
99% of ALL companies are scams, even your big boards. The difference between a penny stock and a fortune 500 is their 401k, true story.
Anyhow, here are some charts. The trend is neutral/bearish. I'm still heavily bearish and I wouldn't jump in unless this hits .50 or lower. The share structure is fairly small, so if 5 million shares traded hands it would definitely move VERY quickly in either direction of the trend.
If it goes south, play it short (i.e. short it) and make money. If it goes up, buy in and ride it out. But this'll most likely never be a big board stock, it'll never issue dividends and it'll never maintain a constant dollar value as it has no real assets (except undeveloped claims, whoopie do) and no 401,pensions,lease agreements, production, etc.
Regardless, here's some charts. The trend can be confirmed easily.
Absolutely, that's why I said I sold. I'm not sure what else to tell you. As you noted, the information is widely available and I don't see anyone pumping except a few new people who came along. There is profit to be made from speculation, whether it manifests into a legitmate company, like I said, is a crap shoot. But all pennies whether scams or not, you can make money from.
The best scam I lost money on and learned a valuable lesson from was CNEX (cannon exploration)
Misleading or not, companies can and do, do that ALL the time. Even huge multinational conglomerates. Look at Facebook, it wasn't until December 2013 when the price turned around and even now, it's future is kind of on the edge as it doesn't 'generate' anything other than one-hit wonder applications.
I think they've done all the exploring they can possibly afford, I checked the BLM and the holdings are where they claim but I was not personally impressed by the photos they have linked. I'm sure someone could easily go down and pan handle 100,000 dollars worth but whether it would be a million dollar company, who knows. Maybe they will pull a rabbit out of the hat.
I'm following this as it was an old shell I helped bust up. (I went to great lengths to prove whether or not Ron had the claims he made, calling Radial Drilling, Chesapeake Energy, personal investors aside from myself, and even went to a Senator whose family owned the mark, all came back negative, but I had a sizeable amount of exposure and was trapped until the R/S hit. I made 1/3 of the money back that was lost from the previous shell after the R/S.)
Couldn't agree more as I had posted before - I doubt this'll do anything this year as it's moving quickly towards the end of the mining season. I spoke with Maurice a few times, he seemed genuine but a big issue was that the share structure was all blown out from Ronald Brooks. That was one of the reasons my liaison never bought the company out as his lawyer warned against it.
I'm not sure what success the new management has had with promoting the shares and considering the economy, in all likelihood, this is a crap shoot. I haven't seen anything that indicates that this is a pump and dump, as there hasn't really been a 'pump' (promotional PR's) and there was a recent dump, but as I said it looks internal - whether it manifests into something actual is a different story but the truth is that no one knows anything and personally, anyone can make money from a stock, even the scams (just look at all the pnd's, there are plenty of suckers and plenty of winners both inside and out).
The drop was from an obvious financing option done by the company, check the accumulation, that came from inside not out. It's a start-up, some of you are obviously clueless as to how long it takes a company to form operating capital. It shows by what stocks you're dabbling in. You can join bengals over at FIATY, they are having a blast with the recent 25% cut in their holdings. Those bashing don't have access to level 2's, so they don't know what the stacks look like, they let the market determine their beliefs. Follow the herd!
It it and you'll be on the sidelines asking questions as usual. Still 3x what it was from January 2014 and over 15x what it was last year. Sorry this hasn't made you a millionaire, you should consider MOVING ON and LETTING GO.
Down almost 20%, with a 1% gain, cannot really call this a reversal as it failed to break resistance. Back down she goes! Likely to see another bump tomorrow, but on >200,000 volume... that's pretty laughable as it will only be another 0.5-2% gain. Would need a solid 500,000-1M shares trading upwards regularly for atleast five consecutive days to see that and all of the indicators have turned very bearish. Once fall/winter comes creeping in, this horse will be brought back to the stable.
Watch out for the cover tomorrow, likely to see a bounce upwards - $11.00 will be the test. If she fails, short and send her back down to $9.xx
So Feb 2014 was R/S? Not. Stop telling lies.
Price points/Channel
11.10 = resistance
10.59 = pivot
10.43 = support
Imo, short short short. This is moving on low volume, the 5 run trade pattern broke after three failed attempts to move beyond previous highs (12.3X) which setup the 15% drop. Markets waiting for a confirmed capitulation, don't believe you're there yet. Have to wait and see where things stand Friday.