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Good Evening,
Interesting day to say the least.
On that note,allow me to say that from many posts today stating sells at .0008 is incorrect..Yes they show on level II as sells,but I can assure you that most were buys.
In fact, I opened the buy this morning at .0008 the bid when the ask was .0009..Most of the first .0008's in the red (bid) were my buys.
This today was MM manipulation to screw with the charts and give a false impression on what is really being transacted..
They do this all the time.
In all folks,this is accummulation time and time is short.
I expect to see .005 next week and before the month is up, well over .01.
We have a winner here and for you folks that concern yourself with the divy,lay that to rest.. Sandy for the last few years has never screwed anybody out of divies and you will get them..
We are now BKMP and this is rock-n-roll time and the fightnetwork will be a big..
Have a good day
Varok
Good Evening,
Whether bashers get paid or not on responses is debatable,but it is certain that bashers do exist and work for MMs who have a direct tie to hedgefunds that operate offshore..These hedgefunds are the directly responsible for the NSS that is so prevalent in today's market..
For a person to bash an issue 24/7 on these message boards and do it because they're lonely is one thing,but my guess is that they bash for a reason,whether it's self-induced or to manipulate for a higher cause,makes the bashers all a part of the overall corruption in this venue..
Bashers are real and do work for entities to either cover a shorted position or knock the price down to acquire cheap shares..Even on acquiring cheap shares is questionable, since MMs generally do not inventory huge positions, so it's probably to cover based on shorted positions.Which I think is happening with BKMP and the result of the symbol change.
I noticed that Manifla is around..Well I know that this person is a basher and I've known him going back to 2000..There isn't one company he likes and all his posts going back 6 years have been a tenacious assault through negative,but in an articulate manner knocking an issue..He is one of the better bashers,but still a basher..
When he comes around expect anything,but do not assume that carrying a conversation with him that he is after or his interest is towards the company or you.It is quite the opposite.
Do not be duped by this fellow..Most veteran posters know of him and see that many here as well know of him..
I give him one credit..At least he has had the same handle for 6 years.
He is hardly a friend and what he stated this evening on RB from a question and his response was this.
"been accused of being everything from a MM, to a hedge fund, to some disgraced ex-attorney, to CEO's of companies posting on the sly, a short, and on and on and on
to answer your question, no, i am and have always been an independent trader
and no, i am not currently in this "gem""
He refers to himself as an Independent Trader...
Now that is a joke..This guy hasn't taken a positive step or made a positive post on any stock he likes..Every post going back 6 years has been negative and a great deal of constant bashing..
Independent traders do not spend time bashing and acting like a good samaritan they trade and make money.
He is one of the better and is more able to articulate in the form of bashing an issue,but still a basher..He will create doubt and confusion..
Have a good evening
Varok
GameZnFlix, Inc. to Become a TalkNStocks.com Featured Company -- Q&A on January 5, 2006
Jan 5, 2006 9:15:00 AM
MACOMB, MI -- (MARKET WIRE) -- 01/05/06 -- TalkNStocks.com is pleased to announce that GameZnFlix, Inc. (OTC BB: GZFX) has contracted to become a featured company on the TalkNStocks.com website. The contract period is for 12 months.
TalkNStocks.com is designed to provide featured companies with a cost effective means of informing shareholders and prospective investors about company plans and developments. Featured companies are invited to post business plans, product advertisements, and engage in monthly Q&A opportunities with investors.
GameZnFlix markets video games, DVDs and other entertainment products through its e-Commerce site, www.gameznflix.com.
Donald 'Chip' Gallent, GameZnFlix President, is preparing a Question & Answer session about the business and its prospects. The Q&A is scheduled to be released on the TalkNStocks.com site on the morning of January 5th, 2006.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in the company's Form 10-KSB filing and other filings with the U.S. Securities and Exchange Commission (available at http://www.sec.gov). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events, or otherwise.
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1-888-542-6817
Phowell23,
A nice laid out synopsis for one that has been in the game just a few years.
One can win in pennies,but the key is trading not investing..
I generally play mostly big issues,but pennies give greater return in a very short time.
Pennies are the next great movers,but!!
This is my feel on pennies and what one can expect and how to work around this very unpredictable arena..
I wrote this a few years back for my subscribers and many have a wrong impression on what is pennies verses issues with real fundamentals.
In this arcade,98% of the so called participants are way over their heads and have a skewed impression what really comprises what is an investment and what is a crap shoot..From what I have seen in this arcade of penny stocks, it's all in the timing and being able to stay one step ahead of the market markers and the loansharks...There is no such term as long-term,investment,great buy and all the other misnomers that many like to refer to these pennies..For what it's worth, they are all junk and the only money makers are your day traders and the loansharks that feed offshore on what gullible buyers throw their way and the market makers who execute these buy and sells...
When one comes to the pennyarcade,he/she comes with the idea to makes money,but only to be let down..The understanding of how pennies work is in itself an art and science and not the fact that a stock is priced at .01 or .10 or whatever and it should go up because it's so cheap...Most investors if you can call them that in pennies, get the 3rd degree and they lack the sensible approach of admittance that they made a mistake and can't accept their loss..
Since the great tech movement and the market boom as a whole of 2000,everybody with a computor thought that the penny arcade was going to make them wealthly..This has become so far from the truth and 4 years later many have lost thousands and still can't figure it out...
It's simple,98% of all pennies are losers and just plain junk..Many or most companies will have movement beyond a certain entry,but all will without a doubt fall like a rock and flounder at the bottom for years with ever moving north again..If you hear nonsense like "wait until next year",or "put it in your sock drawer" and there are dozens of brilliant ideas only to have you looking back on why did I pay attention to all those clowns on the message boards..
It doesn't matter on how much DD or other research you do on a particular penny stock,because these companies don't have a future..It is the art and science of understanding the way market makers play and until you get a grasp at their non-rules and cheating ways,you will lose..
The idea of holding any company is and should be based on free shares after the principle has been recouped..
First,when a company promotes itself on this exchange,it is for funding their R/D and this is especially true with BIO and Tech companies..Once a company can establish that even their product/idea has legs, it isn't the shareholders that gain,but the owners and the largest preferred shareholders..We as shareholders gain in the cycle of share price movements over a period of time,which allows us to sell on news and reap a decent reward,not hold out in hopes...It is pure nonsense and just doesn't make for an explaination that hold long-term on any penny stock, without exceptions can ever be achieved..
To explain this further..When a company goes public, it is mostly for funding their R&D programs through stock sales by market makers and picked up by us,blah blah,you get the point..Once a company has perfected their technology or product,it will usually in most cases shop around for a buyer for their tech/product or merge as a divison into a larger company or outright hostle type takeover,again this is very true within the Bio companies..Companies with large O/S and huge amount in authorized shares generally don't have a problem with hostile takeover practices.
Through this whole ordeal,the company continues to sell shares until it has ballooned their O/S and depleted their authorized shares so much,they are forced to do the most drastic of all moves,a R/S..All this time they continue saying and moving ahead and convincing us their R/D is on target..But Then,they announce a R/S,because they feel to stay in operation is a must and probably so,since they haven't found a partner and they are short of funds and we are, or some of us reluctantly go along..Posters always use the argument that if the company doesn't split it will go out of business and we will not have anything and should be loyal and stick it out..Loyal!!That's a new one..Now this is just plain incorrect and management knows this and will be able to keep going with or without a R/S..Remember the offshore loansharks? Most companies go for these same culprits and is at this moment diluting the pool as we speak with most pennies..When management and I must say are in general a bunch of sharks that have a printing press for their own benefit and will do eveything to keep the printing of new securities going just to fatten their own greed.Management is up against the wall when they parley their shares and this is always a last attempt and absolutely a death sentence,like the R/S.Incidentally,a R/S approved by shareholders is a formality and will always get approval reguardless how we as shareholders vote..This part is always stacked against us..Of course in certain cases we may be able to thwart a R/S,but that is rare..
In case of any BIO company,they usually disappear into a much larger concern..Healthcare companies that trade on the penny exchange rarely ever become stand alone concerns..The R/D and marketing requirements is far to great for any startup to absorb and is too costly, so they usually and that is if the product is all that is meant to be, will be acquired..In general if a Tech company has a promising product they too will be looking for a buyer,because the tech field is changing so fast that the smaller concerns lack the funding just to stay in the game and will never be able to compete with a much larger firm that have the cash and know how.
Bio companies who have products that can even meet FDA approval will probably be sold or a major PHarma company will become a partner as in a collaboration partner and they absorb or become merger..Now to get to this stage will be with countless rewards towards shareholders equity,but eventually it will become an entity of whomever becomes a partner..This is in most cases the way of a startup Bio company with excellent potential....
You as a shareholder will get the most out of a Bio company on the penny exchange than any other company..The rewards are so great in Bio as well as the tedious long wait and this may require patience that will take years to develop,but eventually if the company has the fountain of youth medicine can make you a wealthly investor,in return on your principle..Also keep in mind, that the risk is also the greatest threat to a dismal demise of your investment dollar.The latter is more accurate than the success rate..
A Bio company that can hopefully get the FDA seal will give the company the real interest and the potential share price explosion within hours of such a PR,but that will only come with the approval..The timeline for a nay or yah on acceptance is rather short on devices than the lengthy clinical trials required for drugs and a device,which not actually being a drug could come sooner then think..So a 6-8 years for even a drug going to trails can certainly be overshadowed with impatience and will keep a stock price from ever achieving the result in the near-term or even pan out all together..The movement on the stock price with these companies comes with the interval press releases which allow you some trading with potential profit.
Market makers control the action on the penny arcade not shareholders..
Is there really manipulation by market markers?
Manipulation by Market Makers is an really an overstated term that carries feelings of exploitation and down right fraud,but in reality,Market Makers are not companies that appear like one night stands and then disappear,quite the contrary..Market Makers are responsible to make a market and to meet the needs of those they are responsible for, companies,shareholders and instituations and it is to these entities where they may try to influence the best market executions.
If the Market Maker was to keep the price steady on the release of news they would find themselves with lots of buys or sells which they had no choice but to fill at the screen price (what you go by)and this is their obligation, but before they could find matching orders (for every buyer has to be a seller and visa versa) they would have to change the price and they would then loose money through market exposure.This is bad for them and for us.
So what happens if there are all sells and the price is going up?Well the explanation is that the Market Maker had an order to fill and no stock to fill it with (this trade would not have shown up on your screen until somewhat later,which are referred to as delayed trades).Under their obligations to create liquidity in the share,the Market Maker is obliged to gather an inventory (Stock holding),but only until they can meet the above obligation.This is only possible if they can encourage people to sell, which can be achieved by raising the price...The order is likely to have been large enough allowing the Market Maker to gather a decent premium on the price.So once the order is filled and the market volume returns to their normal levels, so does the share price.You can see this through the daily highs and lows along with the volume at these particular trades in time or in sequence.
You've heard the term on these message boards all too often "shaking the tree".Well that is when the MMs moving the price up,which will encourages sells, moving it down also encourage sells.Another look is that the price was hiked way up despite the support level and few of the people who got in are now going to sell..The rise was artificial and the real traders in the know just ignored it as it only lasted about 2 hours, but what was caught were investors who were in way before the spike and had forgotten about it, now they want out.Volume is a big part of this and sometimes folks ask "why the volume"..So the Market Makers order gets filled, the price settles back to a support level and volumes decrease and it starts all over again.This scenario is where shorty likes to hang his hat.
The above reason is why you should never put a pennystock in your sockdrawer and daily monitoring is an absolute must.You have heard me post such reasonings and should be
part of every persons understanding and why the term "long" makes no sense and will only have you losing money.
Can you track such activity?So So and there are all sorts of tricks and one is mainly to reduce the volatility..Sometimes this is mostly done by increasing the bid/offer spread therefore discouraging trading especially by day traders and also by marketing the companies shares,Loansharks as referred to equity financing (dilution) in the hope they will take up long term positions.
There are a couple of areas that MMs try to encourage liquidity and one is all to apparent..Notice on the boards when posters beg the company to release news any news,well the MMs need this one venue to increase the liquity and such encourages the companies to produce news releases,whether substantial or not..It does create interest if you know what I mean..The other area is by narrowing the spreads..
You ask if this practice is legal,well sort of and then not.See Market Makers are not supposed to allow themselves to go short,but in the process of making a market they may well find themselves short of a stock.If this happens a Market Maker has a number of options, purchase from another Market Maker,which they do quite often and it is allowed or play with the price in the hope that enough sellers will embark to cover the short or borrow the shares.The institutional borrowing,which happens on larger exchanges is much practiced,but in pennies is unlikely since institutions don't hold pennies unless it is from offshore loansharks and then they just speed up the dilution process to cover and of course a manipulated PR to help in this angle..If that's illegal?Well my friends, this has been going on since the dark ages.
Thus you have your day-traders and their only means is to make money on the heels of the MM's,not your long-term holders,they will never recoup and that I'm sure of.
The key to trading pennies is timing and one must have an understanding of how the market markers play..One rule that will always apply and that is the 3 day rule..
Never buy an issue on a 3rd day uptrend in pennies and sell on that return reverse of a swing on that 3rd day or the outside of the 4th day..After that,if it hasn't gone beyond the lows before the uptick is the time to dump.In other words, never chase a stock..
Have a good day.
Varok
http://www.stockmarketquarterly.com
forthcoming in January as well as one from GnF..
CC isn't going to stand by and let the competition get a leg up on them..
Next month will be a great month.
Sorry for the two post,but got cut due to fast typing.
All my opinion.
Have a good day
varok
That is correct..
What Chicagostocks has done without even Cramer commenting is put exposure on the partnership between CC and GNF and folks that have Net with BestBuy will certainly with curiosity want to know,what is with CC and GnF.
It's all about exposure and this callin tonight will gain much evidence to this.
GNF is the new kid on the block with one a couple of huge advantages..One is the games and the other is that we a new with plenty of potential growth..
Where do I see us heading?If this wasn't a manipulated stock as many are in the penny arcade,GnF at this point should be at least up over .05..
Numbers will tell all..As well, I do feel a PR from CC will be forth
Chicago
You did good and I understand your nervousness..Sorry about the drunk comment.
Glad you got the question in.
Have a good day
varok
Don't quit your job..Trade while working.
This daily trading isn't for everybody and a few years trading will go a long way.
I do this professionally and forget the 10K$ days,Yes they do happen,but 98% of pennytraders lose..
If it was that easy more would be playing and I can assure you this is more difficult than it seems.
Have a good day
Varok
Yes you're correct.. I just heard the caller..He sounded drunk,but never the less,it was sell Netflix because of the 10 points rise and as well Movie Gallery and Blockbuster..
The reason why CNBC during the day and Cramer as well as other noted movers and shakers cannot and probably won't comment with pennystocks is that they can move a penny into dollars within a minute.
Can you imagine if Cramer mentioned that he heard about GnF teaming up with CC and it's a .0125 price, what this would do to the price tomorrow morning..We would be halted by 10:45,for a cool down.
Have a good day
Varok
Hi Billy,
Yep everything is fine and ready for the holidays and trust you are as well.
Good to hear from you and..
Have a good day
Varok
Good morning,
Welcome to the Stockmarketquarterly board..
I have set this board up because of the less downside and smooth running, unlike RB..I have been with RB for 6 years and have conducted all my posting until recently and it seems the site is overrun by bashers and just plain negative people.
I have been with ihub equally as long but have not posted as much,but the site is very user friendly.
Welcome aboard.
I also have my own website at http://www.stockmarketquarterly.com
Have a good day
Varok
Fringe,
Although I find charting a tool to the overall part of investing an invaluable asset,but when it comes to penny stocks, I generally never put much emphasis in charting..
The penny arcade is a manipulated venue by MMs and all the charting would not change the outcome positive or negative..Charts work well on issues that have solid fundamentals based on past histories through mathematical formulas and volume that stipulates supply verses demand..These statistics have all been proven to make sense,but in penny stocks they only show the very current data and this data is based solely at the discretion of manipulated trading practices of Market Makers,thus giving an illusion with a hopeful outcome only to be falsely duped at the whims of MMs.
Yes one can see these stats,but they never hold a true picture..
So many times in this venue one strong PR will soar an issue just based on demand,thus the volume creating demand and squeezing the MMs and no chart can assume that direction north or south at any given time.
However,I do find your ability to chart and knowledge a contribute and I wish you much success.
Have a good day
Varok
firefight
This isn't to your post or to you.
Have a good day
varok
Frankie,
I know you were some what taken by my post that got deleted..Don't be to critical with these folks that are believers,I'm one..
Now you can be critical as you have, but to delete my post was really unfair don't you think.I was only trying to lighten and make aware of your arrogance.
You have a good day
varok
Shomidamoni,
I just read your post and I must say that was one truly inspiring time and effort on your part...For that you have my congratulations..Job well done.
Have a good day
varok
This I wrote for my members a few years ago and is mostly about the misconception about pennies.
Now, I'm not saying anything about GZFX in relation to this as sirus and others came out of pennies,but still for from the norm and very few make it.
Pennies are the next great movers,but!!
This is my feel on pennies and what one can expect and how to work around this very unpredictable arena..
In this arcade,98% of the so called participants are way over their heads and have a skewed impression what really comprises what is an investment and what is a crap shoot..From what I have seen in this sesspool of penny garbage, it's all in the timing and being able to stay one step ahead of the market markers and the loansharks...There is no such term as long-term,investment,great buy and all the other misnomers that many like to refer to these pennies..For what it's worth, they are all junk and the only money makers are your day traders and the loansharks that feed offshore on what gullible buyers throw their way and the market makers who execute these buy and sells...
When one comes to the pennyarcade,he/she comes with the idea to makes money,but only to be let down..The understanding of how pennies work is in itself an art and science and not the fact that a stock is priced at .01 or .10 or whatever and it should go up because it's so cheap...Most investors if you can call them that in pennies, get the 3rd degree and they lack the sensible approach of admittance that they made a mistake and can't accept their loss..
Since the great tech movement and the market boom as a whole of 2000,everybody with a computer thought that the penny arcade was going to make them wealthly..This has become so far from the truth and 4 years later many have lost thousands and still can't figure it out...
It's simple,98% of all pennies are losers and just plain junk..Many or most companies will have movement beyond a certain entry,but all will without a doubt fall like a rock and flounder at the bottom for years with ever moving north again..If you hear nonsense like "wait until next year",or "put it in your sock drawer" and there are dozens of brilliant ideas only to have you looking back on why did I pay attention to all those clowns on the message boards..
It doesn't matter on how much DD or other research you do on a particular penny stock,because these companies don't have a future..It is the art and science of understanding the way market makers play and until you get a grasp at their non-rules and cheating ways,you will lose..
The idea of holding any company is and should be based on free shares after the principle has been recouped..
First,when a company promotes itself on this exchange,it is for funding their R/D and this is especially true with BIO and Tech companies..Once a company can establish that even their product/idea has legs, it isn't the shareholders that gain,but the owners and the largest preferred shareholders..We as shareholders gain in the cycle of share price movements over a period of time,which allows us to sell on news and reap a decent reward,not hold out in hopes...It is pure nonsense and just doesn't make for an explanation that hold long-term on any penny stock, without exceptions can ever be achieved..
To explain this further..When a company goes public, it is mostly for funding their R&D programs through stock sales by market makers and picked up by us,blah blah,you get the point..Once a company has perfected their technology or product,it will usually in most cases shop around for a buyer for their tech/product or merge as a divison into a larger company or outright hostile type takeover,again this is very true within the Bio companies..Companies with large O/S and huge amount in authorized shares generally don't have a problem with hostile takeover practices.
Through this whole ordeal,the company continues to sell shares until it has ballooned their O/S and depleted their authorized shares so much,they are forced to do the most drastic of all moves,a R/S..All this time they continue saying and moving ahead and convincing us their R/D is on target..But Then,they announce a R/S,because they feel to stay in operation is a must and probably so,since they haven't found a partner and they are short of funds and we are, or some of us reluctantly go along..Posters always use the argument that if the company doesn't split it will go out of business and we will not have anything and should be loyal and stick it out..Loyal!!That's a new one..Now this is just plain incorrect and management knows this and will be able to keep going with or without a R/S..Remember the offshore loansharks? Most companies go for these same culprits and is at this moment diluting the pool as we speak with most pennies..When management and I must say are in general a bunch of sharks that have a printing press for their own benefit and will do eveything to keep the printing of new securities going just to fatten their own greed.Management is up against the wall when they parley their shares and this is always a last attempt and absolutely a death sentence,like the R/S.Incidentally,a R/S approved by shareholders is a formality and will always get approval regardless how we as shareholders vote..This part is always stacked against us..Of course in certain cases we may be able to thwart a R/S,but that is rare..
In case of any BIO company,they usually disappear into a much larger concern..Healthcare companies that trade on the penny exchange rarely ever become stand alone concerns..The R/D and marketing requirements is far to great for any startup to absorb and is too costly, so they usually and that is if the product is all that is meant to be, will be acquired..In general if a Tech company has a promising product they too will be looking for a buyer,because the tech field is changing so fast that the smaller concerns lack the funding just to stay in the game and will never be able to compete with a much larger firm that have the cash and know how.
Bio companies who have products that can even meet FDA approval will probably be sold or a major PHarma company will become a partner as in a collaboration partner and they absorb or become merger..Now to get to this stage will be with countless rewards towards shareholders equity,but eventually it will become an entity of whomever becomes a partner..This is in most cases the way of a startup Bio company with excellent potential....
You as a shareholder will get the most out of a Bio company on the penny exchange than any other company..The rewards are so great in Bio as well as the tedious long wait and this may require patience that will take years to develop,but eventually if the company has the fountain of youth medicine can make you a wealthly investor,in return on your principle..Also keep in mind, that the risk is also the greatest threat to a dismal demise of your investment dollar.The latter is more accurate than the success rate..
A Bio company that can hopefully get the FDA seal will give the company the real interest and the potential share price explosion within hours of such a PR,but that will only come with the approval..The timeline for a nay or yah on acceptance is rather short on devices than the lengthy clinical trials required for drugs and a device,which not actually being a drug could come sooner then think..So a 6-8 years for even a drug going to trails can certainly be overshadowed with impatience and will keep a stock price from ever achieving the result in the near-term or even pan out all together..The movement on the stock price with these companies comes with the interval press releases which allow you some trading with potential profit.
Market makers control the action on the penny arcade not shareholders..
Is there really manipulation by market markers?
Manipulation by Market Makers is an really an overstated term that carries feelings of exploitation and down right fraud,but in reality,Market Makers are not companies that appear like one night stands and then disappear,quite the contrary..Market Makers are responsible to make a market and to meet the needs of those they are responsible for, companies,shareholders and instituations and it is to these entities where they may try to influence the best market executions.
If the Market Maker was to keep the price steady on the release of news they would find themselves with lots of buys or sells which they had no choice but to fill at the screen price (what you go by)and this is their obligation, but before they could find matching orders (for every buyer has to be a seller and visa versa) they would have to change the price and they would then loose money through market exposure.This is bad for them and for us.
So what happens if there are all sells and the price is going up?Well the explanation is that the Market Maker had an order to fill and no stock to fill it with (this trade would not have shown up on your screen until somewhat later,which are referred to as delayed trades).Under their obligations to create liquidity in the share,the Market Maker is obliged to gather an inventory (Stock holding),but only until they can meet the above obligation.This is only possible if they can encourage people to sell, which can be achieved by raising the price...The order is likely to have been large enough allowing the Market Maker to gather a decent premium on the price.So once the order is filled and the market volume returns to their normal levels, so does the share price.You can see this through the daily highs and lows along with the volume at these particular trades in time or in sequence.
You've heard the term on these message boards all too often "shaking the tree".Well that is when the MMs moving the price up,which will encourages sells, moving it down also encourage sells.Another look is that the price was hiked way up despite the support level and few of the people who got in are now going to sell..The rise was artificial and the real traders in the know just ignored it as it only lasted about 2 hours, but what was caught were investors who were in way before the spike and had forgotten about it, now they want out.Volume is a big part of this and sometimes folks ask "why the volume"..So the Market Makers order gets filled, the price settles back to a support level and volumes decrease and it starts all over again.This scenario is where shorty likes to hang his hat.
The above reason is why you should never put a pennystock in your sockdrawer and daily monitoring is an absolute must.You have heard me post such reasonings and should be
part of every persons understanding and why the term "long" makes no sense and will only have you losing money.
Can you track such activity?So So and there are all sorts of tricks and one is mainly to reduce the volatility..Sometimes this is mostly done by increasing the bid/offer spread therefore discouraging trading especially by day traders and also by marketing the companies shares,Loansharks as referred to equity financing (dilution) in the hope they will take up long term positions.
There are a couple of areas that MMs try to encourage liquidity and one is all to apparent..Notice on the boards when posters beg the company to release news any news,well the MMs need this one venue to increase the liquity and such encourages the companies to produce news releases,whether substantial or not..It does create interest if you know what I mean..The other area is by narrowing the spreads..
You ask if this practice is legal,well sort of and then not.See Market Makers are not supposed to allow themselves to go short,but in the process of making a market they may well find themselves short of a stock.If this happens a Market Maker has a number of options, purchase from another Market Maker,which they do quite often and it is allowed or play with the price in the hope that enough sellers will embark to cover the short or borrow the shares.The institutional borrowing,which happens on larger exchanges is much practiced,but in pennies is unlikely since institutions don't hold pennies unless it is from offshore loansharks and then they just speed up the dilution process to cover and of course a manipulated PR to help in this angle..If that's illegal?Well my friends, this has been going on since the dark ages.
Thus you have your day-traders and their only means is to make money on the heels of the MM's,not your long-term holders,they will never recoup and that I'm sure of.
The key to trading pennies is timing and one must have an understanding of how the market markers play..One rule that will always apply and that is the 3 day rule..
Never buy an issue on a 3rd day uptrend in pennies and sell on that return reverse of a swing on that 3rd day or the outside of the 4th day..After that,if it hasn't gone beyond the lows before the uptick is the time to dump.In other words, never chase a stock..
The Penny Stock Trading System
http://bookstorm.net/varok/
Have a good day.
Varok
http://www.stockmarketquarterly.com
Here is a method that I use to trade and devised,but many have their own system..
First never buy a stock after a 3rd day run-up.This is pretty much standard and fits with seabiscuit's post below.
Here is a usual scenario on how this may come about..
After a stock has been going down or trading flat it suddenly one day starts going up. It continues up that day. And the next day it also continues up. Then on the 3 day it goes up but for only the first 15- 20 minutes then it drops for about 30 minutes then turns back up but doesn't quite reach the morning high. Then it turns down and it is over and in most cases this stock has finished it's 3 day run.
This program will work in most cases and does apply.
If you're a buyer it keeps you from getting emotional into buying a stock that is ready to peak and drop right after you bought it,which I'm sure many of you had this happen when buying stocks. If you already own it it gives you the timing to get out with usually the best profit or close to it. Which ever you are, decide whether you want to buy it after the drop. Depending on the stock it can drop for a few days, and may take some time until the next 3 day advance.
The rule is here to simply let you know it is over for now.
The next time someone mentions a stock look at a chart and see how many days it has been going up. If it's not the first day or maybe second day of the run-up stay away for now.In the 15-20 minutes after the open of the 3rd day it usually will drop or in most cases.
Although the system is not perfect it does help in timing.
Sometimes a stock continues up until 20 minutes after the open of the 4th day before it drops. Selling your stock 15-20 minutes after the open of the 3rd day of the run-up is usually the top or close enough. You will go broke trying to find the exact top or what many refer to chasing,forget about it and leave your emotions out of the trade.
And how does this help in buying??
Well, that is a little more difficult,but the system does work.It is mainly there to protect you from being a "stock chaser". But I do use it to buy.
Go to any stock website and look up a few stocks that are up....Jot them down...I only do this with OTCBB market stocks.
Next, I take stock picks and go to smallcapcenter or stockCharts (this is what I use) or any other chart to look at a 5 day history. The 5 day gives you a nice feel of the trading chart of the last 5 days. Notice why the 5 days compared to the 3 days,this is so you will see the up or down on the 2 extra days and can avoid the pick. Look to see if it is the first day of the run-up. If it is the second or third day on an up swing forget about it since the above method is done on these stocks.
If I have any choices left then go to a chart to see a 1 year and a 30 day chart to get a feel of what the stock has been doing.Keep in mind that the past is no bearing on what a stock will do in the future,but it will give you an idea...This also helps in determining what if any reason for volume and price spikes or drops..Smallcapcenter allows your cursor to move along the graph for pertinent data with actual numbers.
My last stop is always the message boards and my favorite is RB (I wrote this 5 years ago and RB has changed, way too many negative posters)) but there are others.It is here where you can get a real good idea why there is interest or reason for lack of..
After you have made your picks on which ones to buy,I have found that mid-afternoon is always an excellent time because of lunch and the morning rush has calmed down.And mid-afternoon is slow before a strong rally that many times comes before a close.I have found mid-mornings are also good for buying,but it still leaves many with high expectations that moves a stock for no other reason than emotional buys and it is this play that you want to stay away from.
Now stay on top of your picks and see if the next day it has moved up and volume..Determine if the highs are higher than the close and higher than the highs of the previous day.
On the third day I sell it 15 to 20 minutes after the open to take advantage of the morning gap. That's it.If your inclined to trade the same issues again,wait for the next above program cycle.
Not all stocks go up for 3 days. Some just flatten out.when this happens just get rid of it after about 15-20 min. after the open on the 3rd day.If you fail to exercise this you will be left with major % loss and may never recover..So the little loss is much better than an overall wipe-out.
Stocks that suddenly go up if you see there has been almost no volume the days before the sudden rise. That is usually a sign that a newsletter picked the stock or all of a sudden it is being pumped or hyped.The lack of previous volume makes the stock Spike up.
This 3 day rule is a universal application and to each it's own method of how one should conduct such a process..
Good luck and solid trading and as always apply sound DD..
Have a good day
Varok
That is certainly a probable spin,but not a reality in contractional agreements..
This isn't an argument for either side to consider..If left with such a open contract with unwarranted exits,I believe a major national retail public company like Curcuit City would never leave themselves open to such ambiguity ..And for GZFX gives them the open for a relentless and at their option a challenge that would never materialize to resolve,but gain in their favor eventually.
Have a good day
varok
Good evening,
Ok we had our moment and watch the MMs scare the shares out of many and tried to cover..They proved their point and took out many bottom feeders from the early .00x days and many nervous recent buyers..It's done.
On the rollout..
We don't know a damn thing on what is going on behind the scenes,but what we can envision that CC did their homework when this pilot program first got implemented and put much faith and a proven plan from GZFX to even carry the CC marquee label.This attachment doesn't come easy and must have a huge success clause of sorts.
They(CC)would never allow GZFX to go in a dozen or so stores and destroy their good name without a real sound plan in executing a rental DVD/Games program under their marquee label ..Failure isn't a compromise,but a unnecessary set of circumstances beyond ones control,which probably already has been factored,but financing isn't one of them..
Anybody that knows about business and who has tried partnering with a national retail company has to before even a pilot program, must show that when an eventual execution of a national rollout, that financing must be in place as well as infrastructure.GZFX before the agreement had to show they could present a national campaign without delays or setbacks..These particulars would be the only setback for CC not to accept the agreement and my guess is that GZFX did and is doing,but probably had it long before they confronted CC with the collaboration between each other that the plan was well and manageable.
I feel and this is only my opinion that the collaboration between CC and GZFX will probably go through without much of a problem..
The week of the 12th of December,the whisper rumors will start and we should see movement on the share price and I expect a .05 to .10 before Christmas, just based on the whisper..
This is really a no-brainer..Just on the marketing and the right time for rentals in this very attractive DVD/Games rental verses buying makes GZFX at least in the near-term an attractive investment..CC held out while Best Buy with NETFLIX gain market share and BlockBuster held on their brick-n-mortar business which turned out to be a big mistake..
Yes, the last 5 days has been a real nervous event for many and others like myself,continue to add.
This is all my opinion,but I feel you may just be for some real gains before Christmas and within the next week or two,the whispers will be out and that is what you must look for and it will tell all whether this is a go or not..
IMO, it's a go,but that is just my opinion..
Have a good day
Varok
Allow me to expound on Thomson Financial..
There are many on the message forums that consider this a direction for institutional buying and they are correct,but not for pennies..
Thomson registers blocks of 10K as institutional and is mostly for higher exchange issue and when one enters a penny symbol it would register the same,but with one small correction..See,when one puts in a penny symbol it does see a large trade like 10K or better,but it will register as an institution,but it really is an mm trade not a institutional buy..The problem with this is the volume and one should not assume that automatically that a institution is behind the buy..In most cases it's just the volume of the increments that Thomson is program with..
Have a good day
Varok
Good evening Folks,
With exception to this poster your forum is certainly a welcome relief from the RB cesspool.
Thought I would come and post since I have recommeded this issue on my website.
I noticed that many new bashers have come on board within the last day or two..This is indicative of a major shift and today's down trend although quite severe,but necessary on a couple of fronts.
First: The bashers are tenacious and will resort to any method to cause confusion and doubt..There is a major attempt for the MMs to cover and have taken all the stops by bringing in the bashers..
Second:The run from .00x to where it was above .02x gave many investors much room for breathing and these bottom buyers according to MMs have to be taken out,thus a major downtrend to scare them out of the shares..
Also,not mentioned this earlier,but we are at the end of the month and the MMs must balance out their books..It is my belief that today's downtrend was due at least to cover as much in order to fall in balance..The MMs cannot carry outstanding balances in excess as some think..They do not carry excessive inventory,they leave that up to us..
Tomorrow at the open I expect a lateral move if not a slight downward motion,but my guess is the day will fall into the green..WE are starting a new month..
Expect news to propell this issue like AMEP when it dipped to a low and panic set in,then the following days after it went to new highs..I feel this issue will astound us all with new highs going into .05 to .10 before Christmas..The whisper rumor on the CC will be out one way or the other,but it would surprise me that CC would not accept the partnership and in my opinion it will probably be a done deal..CC needs this growing rental since their competition is already there and GZFX with games is surely a winner..IMO
I have read the the RB board and with the onslot of many new bashers and so called newbies with no position have setup what is known as "The bashers Roundtable"...This scenario is the last resort for mms to cover before a major move north that could very well put shorty in a precarious position..Known as the squeeze..
I wrote this a few years back on how the basher roundtable works and I have noticed them this morning here.Do you know who they are??
I consider this a superb time to average in and if deciding,buy!!
The Basher Roundtable..
Now probably many haven't heard of the basher roundtable...
These are bashers that work for a particular MM and usually consists of 5 individuals that will work a company's stock on message boards for the sole purpose of share price manipulation and cause confusion and anxiety..
Here is how it works..
Mostly these individuals are easy to spot and at least 2 of these are just plain outright bashers that you can recognize on the daily message board circuit..But,these 5 will work one company with non-stop drilling and the choice company is usually about to gain much attention through positive everyday good numbers and potential earnings in the very near-term and will expect a share price rise accordingly..The MM's will play on such a company with tactics to gain the most out of the spread with absolute zeal..
These individuals of which 2 are outright bashers and one will be a newbie with another acting like your long or solid investor, with the 5th one,who is the most articulate and has extensive knowledge in charting or T/A and understands the fundamentals..
What happens is the bashers will of course bash a stock.These are the 2 bashers..These 2 will parley their negatives together and tells the board how the other is right on the facts and correct,they will introduce old PRs and will bring distorted information to a point,but not over do it..Here comes a newbie..He is interested in investing but doesn't know much about the company or stocks in general..He will always ask a lot of questions where the bashers will inevitably knock down the stock..This Newbie will post to one of the bashers with continous questions and feel that the basher is educating him and gains his confidence and he tells him how he appreciates his help..Now we have the long, or your solid investor who's opinion is basicaly like many others and is generally viewed has an alright participant of the board and very helpful..He will be confronted by the newbie and of course berated by the bashers,but his angle will always be viewed with much agreement as being very positive...Now we have the 5th individual..This person is very good at T/A and will make projections that seem almost real,but are generally far fetched and unrealistic,but the conclusion one can get makes for open discussion as very probable and makes you want to go out and buy more shares..He also knows the fundamental art of investing and is the head guy of this roundtable..
If you have ever been on a message board that has volume and the potential for positive share price increases, these 5 are solely their to create confusion and instability among investors and their sole purpose is having you buy and sell at their discreation..They are also very aware on how this works and their job is to make money..Remember an MM can handle 2-3 clicks in any direction and he has made his money,you on the other hand will have lost far more by selling or buying at this same sequence..
You see where this is heading!!
The moral of all this is never pay attention that would go against your better judgement or investment instincts..These message boards and the posters on these boards are all into stocks for a variety of reasons and not one is towards your best interest.
Have a good day
Varok
http://www.stockmarketquarterly.com
Fringe,
I gave this issue a plug on my website with your great DD link..That's the reason.
Have a good day
Varok
http://www.stockmarketquarterly.com
Good morning folks,
I've been in this issue and have been averaging down and feel we are close to the bottom if not at the bottom..
I like the fact the company doesn't issue fluff and the PRs that are issued have substance that only one has to read that a positive outlook is in the near future..The latest PR from last week is a sign and very well the next one is the long awaited result of this technology.
Fringe,you have provided excellent DD and well presented to this board and deserve a huge congrats..
I see in the very near future given the acknowledgement of the importance on commodities and with respect to Uranium that if this technology can prove it's worth,it will change the global hunt for the way geologist find the important minerials..
Good luck all and invest smartly.
Have a good day
Varok
I never figured an increase in shares...
A R/S would have been much more appealing....It seems that an equity stake from a collaboration partner took on a different fold..My guess that they (FONX) could not line themselves with an equity stake from MFST,INTC and such, is probably due to many of these companies and it already has been shown that their inhouse comes first and investments in other companies has been put on hold.Primary reason is E/R for most corporations are down,thus for the lack of VC to beef up their investment portfolios for acquisition targets are set back.....Also the company figures E/R will most likely be dismal at best for the remaining 2002 and going into 2003.
These extra shares will most definitely put much dilution and drag this share price down...keep your eye on E/R,which in all practical sense will only be around 1 million dollars this year and if shares are moved into the retail market,even though Market Cap stays the same your PPS will reflect this present Cap at 50- 62 million dollars,what the technology is worth....
Most should have gotten out and will be able to move back in at a much lower PPS..Regardless what many here say this is much more of a risk then ever before...With these additional shares,now making a total of 800 million shares on the books makes this company even more ripe for a R/S down the road......
Now,here is another theory on these extra shares..With 300 million shares about to be authorized makes this a nice attempt for an equity partner to come in a take a majority stake in the company...I doubt this is their (fonx ) plan since a R/S and a reissue would have accomplished the same result...
These newly issued shares or about to be issued is not a good thing for present shareholders and I disagree that this is and just a start for better things to come...
They are setting themselves up for a R/S,it should've been done,but treading water in the land of OZ is a normal practice and as always,at shareholders expense....
A 1.00 per share or even .30 is never going to be an achievable objective,not under this new share structure....
Have a good day...
Jenny I sent you a private message,just curious if you got it.I am new to this process.They have a Fonx board here.You can also catch me on CNBC board as well.Later
Welcome Jenny and Happy New Year..
Matt,no problem....Welcome aboard.
You people sound like you're all lost on this site.A party without the booze....
Welcome all members of the ZKEM stockholders club......