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Just got this text from FMR. The suspense is killing me.
Flash Market Research: Our next text to you will be our next big research report, completely free. Stay tuned Reply HELP for help
LOTE I moving again.
Support is @ .81 and then .71. I'm gonna wait for a bit and see how it shakes out.
It'll come back up eventually. I've already been stopped out so waiting to re enter. Didn't expect this at all.
Looks like ZLCS may be consolidating .86-.88. I sold everything on the gap up this morning and re bought at .86.
I put a stop-loss in at .83.
ZLCS took its morning dip and seems to be back on its steady way.
Remember to trade your way though.
Yeah there were no bets at first. I placed a limit order at .33 but it wouldn't take it.
Never mind, not a sub penny. I was looking at the wrong one.
I definitely want to get it (and learn) options. I was talking to a guy the other day who said he made $12,000 in options off of a $500 bet in less than two months. He said he lost it all before the year was over because he's a crappy trader, so now he just plays options.
I haven't actually played a day one promo yet. I may just sit this one out and watch the magic happen. I was hoping the APS pick wouldn't be a sub penny.
If it gaps up I'll sell half, pretty much immediately. I always sell some on gap ups. I miss some profits sometimes, but it saves me more than not. If it runs I'll add more on the run.
If it gaps down for some reason I'll just hold. I'd rather it open even because I'm trying to swing it again and gaps can be brutal if you're not willing to take some profits. I'm liking the slow, steady chart.
Good call on waiting for the .82 to break. That was a heavy resistance and HOY. It failed at .82 twice. If it didn't break .82 it would've closed around .77 and most likely gapped down tomorrow.
There may be enough speculation to carry it to the next level. As Dr Key said, it has a real nice chart. The next heavy resistance isn't until 1.50.
I've scalped ZLCS twice over the past 6 days. It gapped up this morning and I sold all @ .82 and picked up some .79's on the retrace.
It making AH moves right now, 0.89 at the moment. Guess we'll have to hope pre market holds up.
Only playing ZLCS right now. Hold a small position. Waiting to see if I can break .82 before adding more.
I'm waiting for the big boy promos to come out. My familiar territory is more with the big boards.
I'm actually watching NVAX. It does look good. We should give each other our opinions on that one. I'll leet you know what I think about it.
As far as OTC, it's best to keep watch with Dr Key, NT and Ken Swift. They know that board well. I'm still learning - trying to find my swerve.
It's penny season now. There will be plenty of opportunities. No reason to force anything. If your bet is but a best guess, rather than a confident guess, it may be better to stay out. At the same time, while watching those tickers and making paper bets (in your head) you'll get a step above the rest.
Personally, I don't play sub-pennies. CBYI is being promoted by someone, but I don't know who. It's been promo'd 18 times in the past, the last paid being 2/29/12.
http://stockpromoters.com/View-Stock-Promotions-By-Symbol.aspx?symbol=cbyi&ctl00%24ContentPlaceHolderyy%24Footer1%24Image2.x=5&ctl00%24ContentPlaceHolderyy%24Footer1%24Image2.y=13
If I were to play it and was told that it's been moving for the past two days, I would assume that tomorrow it will have a bit of a gap up, a short run, and a large dip... all within the first 30 minutes. I definitely wouldn't touch it until EOD if it gaps up. I wouldn't touch it at all if it closes below the opening price. If it opens even and you wanna flip it, just make sure there's enough volume so you can get out when you want to get out. Also, since it's obviously being promo'd and you don't know when the promo started, that means you don't know when it will end. ps, Dr Key is a master at finding promo'd tickers.
I skimmed over the CBYI board and they seem excited about whatever product it is that they think CBYI makes, so sentiment seems good. Half of those posters could just be pumpers though. I did notice a few. Don't forget, CBYI doesn't make anything except money off of suckers. As Chuck D. would say, "Don't Believe The Hype."
A dump will come sometime, eventually.
Before making anymore posts about OTC pinks on this board, you might first want to read the intro section of this board - from top to bottom.
Another source that may help you with your confusion is this link:
http://en.m.wikipedia.org/wiki/Ponzi_scheme
And here's a couple links on uplisting.
http://www.thestreet.com/story/10725448/1/how-an-uplisting-works.html
http://www.investopedia.com/ask/answers/121.asp
Oh it's junk. I was looking for a bounce, but it was a pretty crappy bounce. I think this one has a ways to fall still.
NVIV falling past 1 yr low of 1.24.
Just for fun, I did some DD on one Peter Santamaria, one of the plaintiff's listed and found his fb promo site. He's posted on ihub a few times too.
https://www.facebook.com/PennyStockCrowd?hc_location=timeline&filter=2
https://www.facebook.com/peter.santamaria4940?hc_location=timeline
Remember thought, innocent until proven guilty!
More penny pushers getting cracked:
https://www.sec.gov/servlet/Satellite/News/PressRelease/Detail/PressRelease/1370539776014#.Uh-DQ80y26Q
More penny pushers getting cracked:
https://www.sec.gov/servlet/Satellite/News/PressRelease/Detail/PressRelease/1370539776014#.Uh-DQ80y26Q
Hey what's up. CPRX had a better run than I expected this morning so the day trader in me was forced to take profits. I was looking to swing trade it, but it made a big enough dip - so I think I made the right decision. I'm looking to get back in this one EOD. I'd like to see how it plays out for now though so I can get the best possible price. As I write this, volume has slowed down drastically and it's east/west around 1.95. That usually means another dip, but we'll see.
Good luck with NTEK. Don't forget to take those 20% profits and to cut profits when necessary.
Sharktnk, I just want to commend you (and Paulbk) for the informative information you've been posting about MM's and trade manipulation.
Regardless of the validity of RANF, your posts are informational, educational, and appreciated. I've posted on here a few times and the regulars cast me off as being a joke or a "hater." I am not.
Just for confirmation, I don't own any shares of RANF and never have, but I did own AUCI for a few weeks and yearn to learn more about the Wild West, which is why I continue to post and ask questions.
In my previous posts, I've mentioned that RANF is a shell company with no value, intrinsic or not, and negative income (debt.) I've also posted that RANF doesn't make films, doesn't invest in films, doesn't have an office to do what they are saying they will do, and never will. Never. Although these are not facts, my research, dd, and understanding of the OTC in general has led me to this conclusion.
A fact that I have posted is that the previous company, AUCI, which was changed to RANF recently, was the product of a pump and dump, and RANF has been the subject of two failed promotions (I have links for those if you'd like them.)
Finally, I've stated that RANF won't move until the "CEO" pays for a promo, inducing interest from the followers of the promoting company. And if that ever does happen, which it may not (and may possibly R/S before then), the ticker will eventually land back to where it is now, because it has no value - just like every other company on the pinkies, and most of the OTC.
What is your take on my perspective if I may ask? And thanks for your insightful bater.
Dr Key, penny season started without me. That Flash Market Research ain't no joke. They sent me an email (which I normally check every morning) at 6:30 on the dot (9:30 EST). My TD had problems this morning and I was talking to tech for an hour - figures.
These guys know the mafia or something? I do believe that's two big ones in two weeks. What do you think about this?
I'm not one to play the promo tips, but I do play the promo bounce, or confirmation of the promo being successful.
I'm in boys. I hold 1.85 ave right now because I bought EOD yesterday @ 2.10 thinking it would run. I grabbed some 1.70's today.
I don't see any reason this won't make it back to the yr high of 2.50. I won't speculate beyond that because if that time does come, it's obviously new territory and new predictions will be made (4.10 5-yr high.)
All the buyout talk is strictly speculative, as buyouts (I'm sure you all know) are few and far between and not for us to be informed of prior to the event. The buyout can happen both ways as well and has happened to me. I lost about 700 on that pos.
Anyway, good luck.
CPRX is the only stock I own right now. I bought some yesterday @ 2.10 as I thought it would rally today. It didn't, but I decided to hold and added LOD @ 1.70.
I normally don't average down. I could've easily sold for a very small loss and re bought the same. I held because I think this one will move and eventually get back to it's 1yr- high of 2.50, which it hit yesterday - so why take a loss if I think it will be recovered.
In any instance, I plan on adding on the way up if that becomes the case and working out a swing trade. In the end, I'd like to take profits and ride "free-shares" to see what they can do.
This style of play (which is not my style) may make me a bag holder if it doesn't perform the way I think it will perform, but it's not really about the money with this one. This one is more about the practice of patience in a ticker I see value in, regardless of the intraday swings.
Summary: looking to add below 1.80 and take profits @ 50%, leaving 200 shares to go long.
Hopefully this SA article with get TSLA down to a reasonable price for me so I can make a nice swing trade.
http://seekingalpha.com/article/1662712-tesla-motors-running-on-empty?source=email_rt_article_readmore&app=1
CCXI: Another big board to look at for Monday. The thinkorswim article is below. I bought 25 shares EOD Friday @ 8.02 (didn't want to get too far in, but wanted something.) I don't even remember exactly how I found it, but I spent most of last Friday searching for green - due to boredom.
It hit 6.05, which was a 5-yr low. The 5-yr low before that looks like it was around 9.50. To me, it looked like mass capitulation and players not knowing what they own. A sell-off is one thing, but damn, a 5-yr low?
------------------------------------------------
02:59 PM EDT, 08/23/2013 (MidnightTrader) -- Citigroup reduced their price target on ChemoCentryx (CCXI) from $19 to $11 after the company reported disappointing results in their phase 3 trial of Vercirnon to treat Chron's disease. CCXI is now down around 30% at $8.24, but more than $2 above a new 52 week low of $6.05 hit earlier.
Citi is removing all estimates for Vercirnon in their models. The brokerage's new price target is based on a multiple of the company's cash position. Citi is using a higher multiple than they normally use for companies that have risky pipelines, as they believe the company's unique platforms and multiple trials warrant some additional consideration.
ChemoCentryx is a biopharmaceutical company focused on autoimmune diseases, inflammatory disorders, and cancer.
Price: 8.30, Change: -3.39, Percent Change: -30
http://www.midnighttrader.com (C) 1999-2013 MT Newswires, a Division of MidnightTrader, Inc. All rights reserved.
Looks like they've got some insiders going at it.
SOURCE: Form 4
ISSUER: MRI INTERVENTIONS INC
SYMBOL: MRIC
FILER: PIETRANGELO MICHAEL A
TITLE: Director
DATE TRANSACTION SHARES PRICE VALUE
8/19/13 Purchase 100,000 $1.27 $127,000
OWNERSHIP: 451,296 (Direct)
The Form 4 is filed with the Securities and Exchange Commission by insiders to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.
Insider Data Source: The Washington Service
(info@washingtonservice.com or 301-913-5100)
(END) Dow Jones Newswires
08-20-13 1633ET
I hate that with bio's. Those guys come through like a thief in the night.
I don't think you get it man. No one here is holding this. We're trading it. You know? Buy low sell high?
Everybody knows these shares will be cancelled. My grandma knows that. Doesn't mean it can't be flipped today. Get it?
I do agree. Actually, I'd rather put a G on NTEK tomorrow and hope for the best than play Dr Key in poker.
Right on thanks man. I think I'm learning the MM games. Still learning L2 though. I figure once you get it it's like riding a bike.
Haha alright man. Whatever you say. Good luck anyway.
I agree with Dr Key. This is the OTC. In the OTC, intrinsic value is irrelevant. You may not be qualified to play the OTC if you're thinking long term.
Think about it like this: Be grateful that you have a high volume, low -priced ticker to scalp. They're hard to come by.
p.s. this one isn't for a weak stomach, so you may wanna sit this one out.
I play poker for a living. I wouldn't want to play poker against you Dr Key. I'd rather play the toothless bastards who've had too much to drink while bitching about me sharking them with my pocket 8's.
I also sold my DWOG today @.44. I made 200 bucks, but after all my DD, it seems like a long process. I didn't have enough shares to make the dividends worth my while. It does look good, but I'd rather see what happens then keep my funds tied up.
I'll hop back in if .37 hits again and just let it ride.