Forming an opinion
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Yeah, seems like penny stocks have more strength the last month or so, not sure why, but I like it. Hope it lasts through the summer....
ELTP down 22%
Picked up some at .0355
Should be a good bounce play tomorrow...once reality sets in.
That would be a 57% drop, which is what JAMN did that day, completely possible.
Glad I got out at 1.25, lvl2 just got ugly quick.
Took some here at 1.17
I saw it holding on lvl2 and tried a 1.38 bid, nothing...Good luck to you
LMAO I was thinking the same thing, having a good day and don't want them taking all my money...
ESYL on watch, sudden move down, promo job I think. 1.20-1.30 maybe...
Me too, NITE sure had alot to give away, lol.
FBCD down27%
PVSP on watch, only down 14% though
Yeah, code t1 pending material news
ELTP down 26%
SHOM down 41%
I'll even put a few drops of medical MJ on the filters
Wow look at that volume, more than yesterday...red flag.
They're going to sell shares...or may have done so today...
Lol, they have Bieber Fever, they don't care right now.
No shorts available, you may be right.
FBCD down 47%
I'm back in, thought it would bounce for sure at this level, yuck. These guys at JAMN are just plain mean.
BCCI down 33%
Not just triple zeros...digitally enhanced 3D trip zeros, with weird dudes screaming how it will be over a dollar once the lawsuit is over.
Another tax WRIT off for some bagholders...
Looks bad for WRIT. Here's what I found today after looking at another company and stumbled across this website.
"
May 12, 2011: Over the last couple of days, a scheme run by Tal Kapelner and his mother Ariella, known as Writers' Group Film Corp. (WRIT) has restarted its efforts to extract money from the pockets of unsuspecting investors who want to be in the movie business. Over the last 24 hours, the promotion has been so aggressive that almost every touter out there is pumping this scam. That's right, we said it. S-C-A-M! Keep reading until you get to the good part.
What's wrong? Well let's start with the fact that this company doesn't even exist in the State of California. Huh? That's right, not found. Or at least MIA. Oh and neither does it's recent "acquisition" Front Row Networks. Now we did find Writer's Group Film Corp, a 2007 registration, in Delaware and Front Row Networks, a 10 month old (that's months, not years) corporation in Nevada, but since both of these companies claim to be operating in California, they are required to be registered in the State of California. This means that if they got sued by shareholders in their resident State, they couldn't even reply to the lawsuit. Wouldn't you think that a company worth $300,000,000+ knows better?
We're not at the good part yet. Keep reading.
In the two plus months that this scam (there's that word again) has been operating, 10 press releases have been issued with 3 different dateline cities, Lancaster, Beverly Hills and Los Angeles. Which is it? The Front Row Networks website claims that the company is operating at 8200 Wilshire Blvd, Suite 200, Beverly Hills, CA. Some of the others using this address are: Endor USA, LLC; public companies Jammin Java Corp, Supatcha Resources, Inc and Pepper Rock Resources; Whyte House Music Media Group; Oakhurst Pictures; Pacific West Real Estate; and, the Law Offices of Steven Beltran. Kids, this address is a virtual office. Worse, parent company Writers' Group Film Corp is run out of a Fedex Store Mail Box in Lancaster, CA, the trailer park capital of the country! Wouldn't you think that a company worth $300,000,000 would be operating out of its own gleaming office towers rather than a mail box in Hee Haw Land and a virtual office?
We're not at the good part yet. Keep reading.
How do we come up with the $300,000,000 figure? Well according to a recent 10-Q filing by the company, during 2010 WRIT took in $55,640 for which it issued convertible notes. These notes are convertible into, now get this, 4.376 billion (with a "b") shares. Since the stock closed over 6 cents on Wednesday, and considering other convertible preferred shares issued, this makes the company worth over $300,000,000. And guess who owns 1.4 billion of these future shares. WRIT President, Tal Kapelner. All for a company who had 34 grand in the bank as of last December.
We're not at the good part yet. Keep reading.
This is not the Kapelners' first crack at a public company purportedly in the entertainment business. A few years ago, they shot their load with a failed entity known as Tally Ho Ventures, whose shell has since been sold off to a European group. Obviously, they've improved their pump and dump skills now.
We're not even going to cover the BS that is WRIT's purported line of business. It doesn't matter. Let's just get to the good part.
On January 25, 2011, WRIT executed a 1 for 1000 reverse split which brought the issued and outstanding number of shares to practically zero. All the old shareholders were effectively eliminated. Not two weeks later, according to SEC filings, $14,360 worth of the outstanding convertible notes were converted into 153 million shares of WRIT stock. Guess what the total float in this stock is right now. That's right, the same 153 million. The suckers buying into this pump and dump have been buying the Kapelners' stock for the last month. Mom and son have pocketed a conservatively estimated $4,000,000 in the process. Not a bad return for a $14,000 loan Tal gave the company last December."
http://www.pumpsanddumps.com/2011/05/writers-group-film-corp.html
BCCI on watch here near low of day, looks like it could fall off the cliff soon.
SAVW down 31%
Thanks CT!!!
Judging by the defensiveness of the cheerleaders on this board, and the sensitivity to any comment by even the meekest posters...I feel for those who bought at .06+.
All I need to see next is a chart video from CT...yeah.
If I were you, I would sell at least half tomorrow. If you really like this stock then hold the rest until Friday...just to see what happens.
JMHO
Why?
That was my point...company isn't diluting...thanks Monk.
Impressive charts on this stock. Looks like less volume is taking it higher and higher. Translation...company not diluting and stock buyers continue to hold.
I sent a PM to Simply the other day and still haven't heard back...I always wondered how they could put together such a nice show without some sort of compensation. Guess it couldn't last forever...
There are some exceptions:
Rule 6460 also includes parallel exceptions currently in place in Regulation NMS’s limit
order display rule (Rule 604 of SEC Regulation NMS). Thus, the new rule excepts any
customer limit order that is:
1 executed upon receipt of the order;
2 placed by a customer who expressly requests, either at the time that the order
is placed or prior thereto pursuant to an individually negotiated agreement with
respect to such customer’s orders, that the order not be displayed;
an odd-lot order;
3 a block size order, unless a customer placing such order requests that the order
be displayed;
4 delivered immediately upon receipt to a national securities exchange or an
ECN that widely disseminates such order and that complies with enumerated
requirements with respect to that order;8
5 delivered immediately upon receipt to another OTC Market Maker that complies
with the requirements of this rule with respect to that order; or
6 an all-or-none order.
http://www.finra.org/web/groups/industry/@ip/@reg/@notice/documents/notices/p122114.pdf
I'd just like to hear something from you guys. I miss your videos and to be honest, I miss Cat and Stevie!!!
THMRQ down 32%