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I think it's silly to cash out tomorrow when the earning report come's out Monday. Already a strong indication that the report is excellent, how much will it run on Monday after it come's out? Leaving money on the table IMO.
If you could triple your earnings by flipping, yes... but of course you also stand the chance of flipping and getting caught, then chasing the stock.
Well I am in Florida thank god, no state taxes. BUT, if you are in a state like California, you can figure to add 12 percent state taxes on top of the 39 percent capital gains taxes. NY, and all the Midwestern states are also high. Best to live in Florida, Texas or S. Dakota.
People don't realize that capital gains on a stock is 39 Percent if you cash in within a year. Is it worth it to flip or wait until after a year and pay only 15 percent? I wouldn't flip for a few tenths of a penny.
Think he is over on the Netflix board telling them what a turd their $440.00 stock is.LOL
ECIG has over three times more reads then then the second most read message board. Interest in ECIG blows away all other stock message boards! No wonder, the interest in vaping and electronic cigarettes is amazing. Yesterday I went to a small town to transfer funds into my Scottrade account, and there were kids on the side of the street holding up signs advertising a shop that just read "ECIGS". As I pulled into the strip mall where the Scottrade office was located, darned if there was not a VAPE HAVEN shop that just opened up. This industry is going to be extremely disruptive to big T. Exciting times ahead!!
Love the 8k! Oneill is getting rid of those who mismanaged ECIG that put ECIG in the vulnerable spot with convertible debt holders. There are always heads rolling when new management come's into play. I am sure there were philosophical differences on the best way to move the company forward. Love Oneill's style! Decisive, has a vision to move ECIG forward and is wasting no time implementing the changes necessary.
You seem to be confusing this with a pump and dump, which ECIG is not, real management, revenues, and industry is going to go through the roof. So far you are hitting 100 percent on your predictions, as in none of them have come true. Keep your predictions coming!
This week I am working 2 hours out of town, but next Monday will be in town. Might drop by and ask them if I can meet their stock manipulator for ECIG. LOL
Over the weekend he promised sub penny by Tuesday of this week. Now he is saying it will never hit a quarter... allot of chatter. ECIG
I hope it does, I still want to pick up another 100,000 shares today. But if not, no problem.... maybe just getting abit greedy. LOL
Just like last week you promised sub penny by Tuesday? LOL
Hmm... they are in Cocoa Fl? Thirty minutes from my house here in Orlando.
Could they get conventional financing if their lenders knew that if their was a problem paying the debt that the reverse split was always in their back pocket? Seems to me that was the consensus of the Apostle's theory.
Whoops, sorry I responded to your post before I read that Mac had basically said the same thing that I did. Disregard.
Very nice Chiron! I remember that run as well, didn't make the kind of money that you did as I bailed earlier. Still knocked down around 65k, so not a bad month or so.
Don't have PM, but done, thanks!
That is hilarious!! LOL
I had one audited financial statement done when I sold my company to a publicly traded one. Took around 60 days for everything but that included auditing inventory which was in one location. Also was a bit tricky because of tracking of l.f. on 7 ton coils of pre painted steel. Curious how ECIG is tracking their sales against inventory. Do they invoice everything as it is shipped, or do they receive their money as it is sold in the stores? Wondering because I know that it is common practice for some of the largest retailers to do business this way. Wal Mart I would think would be paying ECIG this way, unless they are doing a buddy deal.
Vote on Tuesday, but I bet you already knew that Nit. LOL
I was just using some sarcastic humor in my prior post. Trying to lighten things up.. LOL
Both posted as I recall on Friday...maybe took their profits and doing some shopping this weekend?
Never traded a stock depending on what people say or how they trade a stock. Fundamentals, revenues, and management tells me this is not your typical penny stock. Time will tell who is right, always suspect when people infer motives of management or what the outcome will be when they do not have all the pieces to the puzzle. Lets see how the r/s plays out, and the financials at the end of March at least.
Yes, I remember and I am certain that it all depends on what side of the fence you are on, long or short. I am long on this one, and obviously you are not. When things are stated as fact and they are obviously an opinion, that I have a problem with.
Traders have different strategies than investors nothing wrong with either as both can make money. For me I am locking up my shares and looking longer term, you seem to be only interested in what tomorrow's pps will bring.
Watch and learn
Can't remember the last time there were so many shorts on the board on a weekend. Tomorrow the chart might be looking quite differently by day's end. Big boy's will decide which direction the pricing goes, retail trader's have little impact on the pricing.
Bought 100,000 shares on Friday at mid 8's, if it drops more tomorrow will load more. Have over a million shares now that aren't going anywhere soon. For all those taking shots at ECIG, wait a month then come back and see how all your sub penny predictions work out for you. Green day tomorrow and uptrend will continue
Panic sellers have already sold their positions the last few days. Monday will be a green day and we will continue an upward trend over the course of March.
Very insightful and reasonable. Good post Apostle
Agreed, not for the faint of heart! My bet is on ECIG, their revenues, distribution channel and top flight new management team!
If a PR does not come out Monday a.m. there will be some more panic selling. But then again, how much more could there be, with all the panic sellers the last few days? On the other hand if a positive PR comes out on Monday (debt paid down any other substantial tidbit, buyers will come out of the woodwork.
Your analogy is not comparable, basketball players skills diminish due to aging, not the same story with experienced executives.
I believe his handle is Pk whose your daddy? LOL.
And I think he has predicted news every week since I have been in this stock, sometimes he is right.
Well put! And so true, penny traders are the worst for instant gratification and if the stock goes down it is a POS! LOL. ECIG is in an excellent place with their distribution channels, revenues and new management team. Many posters have given Oneill 5 days on the job to turn the company around. Rome wasn't built in a day, but eventually it was built. I for one an looking forward to see what the future will hold for ECIG next month, next year, and beyond.
Do some research, and you will find plenty of positives.
Read it, just bridge financing. Looks like they probably have cleaned up the last of the 15% convertible debt with it. After the R/S is approved then I am sure Oneill has conventional financing lined up. Have to wait until after the R/S in order to secure that.
Don't know about tomorrow, but agree with you.. am expecting one any day now.
I would bet that is the case, that the convertible note holder was willing to go along with it. I would also bet that Mr. Oneill has a more favorable long term financier that is waiting in the wings after the R/S passes. This note can be paid off in cash, so could be rolled into more favorable terms prior to the due date.
Voting is Tuesday, what I was inferring is that obviously they know they have enough votes for it to pass. Otherwise couldn't possibly offer the shares they did on the note as collateral.