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It is a good sign to me that they were only giving me small amounts before raising the ask each time. Of course, on the negative side, that does not give me much security when and if I decide to sell. Obviously shares are scarce. When this stock runs, it will run very fast. As of late, no one is willing to chase the price up, for fear that it will drop down again as fast as it went up. This stock is extremely thinly traded and the volatility is very dangerous. We need a few new investors who aren't afraid to get in at any price and hold. For that to happen we need some significant company news or behind the scenes unannounced deals, with insiders doing the buying.
I didn't try for .004's. MM's were moving ask up on little or no volume. After hours I noticed they gave me an additional 12,000 shares at .0038.
Grabbed another 50,000 at .0038 when he lowered the ask and raised the bid. Tried for 400,000. They are really stingy.
Tried to get 700,000 at .0038 Only got 52,700 then ask moved up. Done chasing it for now.
now 003 x .0038 MM's want to buy cheap shares but don't want to sell us any.
I picked another 1,450,000 shares today. 450,000 at .003 and 1,000,000 at .0034 I averaged down from my previous purchases at .0047 and .0055.
bid and ask moved back up to .004 x .0045 just before the close.
picked up another 175,000 at .0055
Marketman, put a cork in it.
sounds like stockinsider is fishing for cheap shares. LOL
1.25's taken out. Ask now up to 1.40
are you offering .005?
another mirror .0048 x .005 trade. There are just no shares out there for MMs. Won't take much volume to take this up.
looks like people are actually buying this stock. Will wonders never cease. Might make money after all. Bought at .0003.
bid/ask now .99 x 1.45
thought this might run for three days like many others. Looks like we might need to find new base instead, before next leg up.
mirror trade .0048 and .005 indicates MM bought from another MM to fill small buy of 50000 shares.
this is starting to trade like a regular stock now, and I don't see any rush to the exits. Might turn out OK after all, especially if we see expected spin offs.
What did I tell you, bid now up to .75
Looks like patience will win out here. Practically no one selling at this level. Only two tiny trades today so far. MM's will have to raise bid to get shares. Then bid and ask will narrow and trading will begin for better or worse. Some nice PR's, a spin off or two, and things might look a bit rosier.
small trade above the ask. Late post from earlier today?
Just bought in, with 600,000 shares. Was I wrong to chase it this morning?
Finally Ameritrade converted my shares to CYPW. Curious to see what happens. Nothing to lose now. Only had 10 million shares to begin with.
Anybody showing a ticker or price for Cyclone?
samplescave, they don't have to do forward splits to raise money. All they have to do is raise the authorized share count, thereby rendering our shares nearly worthless, but not necessarily. If the shares they issue to investors are rule 144 restricted shares, then the value of our free trading shares might still go up. Who knows?
Wouldn't it be interesting if Hamlet became the new Coastal Technologies and we were given shares in Hamlet in exact proportion to what we had with Coastal Tech? In other words, if my 10 million shares of cttj were swapped for 10 million shares of Hamlet, AND I also wound up with 1000 shares of Cyclone. Is that possible?
Sorry, "can" should have read "can't"
Folks, it's simple. You can raise five million dollars by selling free trading shares. For one thing, most of them are owned by traders. For another, the price would have to be way higher than $2.00 per share. No. They will raise capital by selling restricted shares and they will have to raise the authorized shares to do so. But why increase the authorized by so few? Nothing adds up. One thing does make sense. If the outstanding shares are reduced by a factor of 10,000 to one the float will be EXTREMELY small. Any perceived value at all in the new company will send the PPS flying!!!!
nice paint job
You guys are failing to realize the implications of the new share stucture. With extremely few, relatively speaking, shares outstanding, the company does not have to show much value to experience price appreciation, enough for a two bagger, maybe more. Maybe not get rich quich, but we can at least make our money back and then some. Also, who knows what the value of the potential spin off shares might be?
I sold some at .0002. Bought at .0003. But am keeping over half. Don't forget about the value of the spin offs.
would that leave only two or three hundred thousand shares outstanding. Doesn't make any sense, no matter what kind of company everges.
I'm wondering if a reverse split is a bad thing when combined with a reverse merger. A 1 to 10,000 referse split would bring the price up to $3.00 per share. That would be just a tad extreme in my book, unless wanting to go to AMEX other higher exchange.
Finally a .0003 printed
Investors Apprentice, the so called "neutral volume" only means that all trades after the first 1 million at .0002 were at the same price = .0002.
Then why does my ticker say .0002?
Investors Apprentice, I don't get it. According to my ticker all the trades were at .0002, not .0003. I wish they were at .0003. Do you have different info than me?
Tried it. It works. Didn't notice it before. Thanks
feinanddandy, I am not a paying member here. The only way I can post is to reply to an existing post.
Those last trades at .0003 were mine. Just picked another 6 million at .0003