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themuzicmen, you are a fool for not selling a stock that you think will go lower and never recover. Tell me your logic in that???
Has anyone here read Cramer from Mad Money's book? If you have do you remember the chapter on short selling and how he owned a large share in a company and he was in close contact with the CEO? He was long on the stock and the CEO could not figure out for the life of him as to why his stock with great fundamentals and bright future was shiting the bed!! One day when the streets were filled with blood the CEO actually called him up and asked if he knew what was going on. That was the day his wife, whom Cramer says is a better investor than he is, told him to double his position. He thought that she was crazy to double their position when things were so bleak. Her logic was that if the CEO of a company is bedazzled as to why his stock is tanking when everything is fundamentally sound, and he is willing to pick up the phone and call his major shareholders as to why, then its time to double-down and hold on for the ride. Within days the position turned around and he ended up making millions from showing a little testicular fortitude.
I tell that story because this seems to be the same story and when the blood is all over the streets, then I will double my position and let the cards fall where they may. Larry is not lying IMHO and today may have been the day that my wife is tellig me to man up and double down!!!
Quick technical snapshot:
http://charts3.barchart.com/procal.asp?sym=EQBM
Maybe they don't want to stop the bleeding because they are buying more for themselves. If UBSS is collecting shares for the Frankfurt then they must be anticipating a run up when the trading begins. Those who are buying at these levels are enjoying the price drop because they feel that it will go higher here very shortly. I would like to see it drop to .003 before the Frankfurt open just as long as good news follows the dip. I will buy a million shares if it goes down to those levels and by the looks of it; it will!!! If one can buy at .003 and sell at .10, then wouldn't they invite the dip??
The board info needs to be updated with a float of 370m and a tradable float of 35m.
Things definitly are crazy here!! I will try to remain positive and wait for the news to come out before thinking of selling any shares!! Crazy is not even the word for it!!!
If UBSS has been pocketing shares for the Frankfurt exchange then when it opens over there this thing could and WILL be huge!!!
Just because the shares are restricted doesn't mean that he is not diluting the float. Shares added equal dilution!! If they are for financing then that makes me happy. So why could he not just tell those who spoke with him about what was going on???
That was good!!!lol
Every week someone calls Larry and he strongly insists that there is no dilution, and yet the T/A says that they are adding more!! I will let you draw your own conclusion. I'm pissed because that was the ONLY reason that I was adding more, because of what Larry was saying. Now we cannot believe what he says!! Did he not just say to WTL today that the share count was the same??
I thought Larry said that the share count was the same that was stated on Pinksheets.com?? Is he not telling the truth???
The new rules just expose how huge the short position is!! It doesn't mean they have to cover or change anything that has been going on. Until there is so sort of law against naked shorting, then certain stocks such as EQBM will shit the bed.
Judging by these charts I would say that the Frankfurt could do alot for EQBM's PPS.
Nord oil hit the Franfurt on April 3:
http://stockcharts.com/h-sc/ui?s=NDOL&p=D&yr=0&mn=4&dy=0&id=p67775198282
Paramount hit it in late December:
http://stockcharts.com/h-sc/ui?s=PGDP&p=D&yr=0&mn=8&dy=0&id=p55908986945
The future will tell how high it goes!!! Lets hope it follows these two examples.
If EQBM owns a mine in China and that mine is producing 19m in gold, then EQBM would be worth about $.043 a share at a PE of 0. That is if the 19 million is the bottom line after costs. I have not heard nor read anything on this acquisition but if this is true then watch out!!! Also, looking way out, when gold is 2,000 an ounce and they are coming out with positive numbers for production, then I see EQBM well over my short term target of about $.10... we just need to get these day traders out and also find out where all this volume is coming from!!!
Once people like you are out, then we will see .05 to .10
Could it be possible that what we are seeing is cross trading between restricted shares? Meaning that those holding major shares i.e. Larry, are cross trading their shares to other firms such as JV partners or even someone who is purchasing the majority of the company. I know that the shares are restricted but does that mean that they cannot cross trade among board members(present and future)?? With all this volume the restricted shares must be trading!!!
Thanks, that's what I thought!!! Still no update on Pinksheets.com!!!
What do you mean by "using the Frankfurt float to trade here?" The company is not issuing more shares to trade in Frankurt are they? As far as I know the two exchanges will have to fight over the 360m float and that's what makes it a good deal now before that happens!!! Am I wrong?
ARTICLE ABOUT MMs: EXCELLENT
More and more investors are winning the game
nowadays despite all bashers that float through the
Internet that has become part of the game. Floor
traders of market makers often watch CNBC, news
wires and bulletin boards in order to follow the
market during trading session. OTC BB market makers
(MMs) don't use fundamental and technical analysis.
However, what they do realize is a lot of dumb
money does use this newest niche charting or TA
(Technical Analysis) to run a stock either up or
down. To the MMs this is like taking candy from a
baby. Simply they will paint the tape and use
whatever tactic to affect the charting bands. Thus
the public and dumb money they will have eating out
of their hands. Effectively the MMs can show a
strong stock growing weak by manipulating the close
price in order to generate selling volume, delaying
trading time to manipulate trading activities, or
even stalling the ask without honoring orders to
hold a stock price.
MMs follow a simple code of business when making a
market in a stock especially an OTC BB / PS. That is the
level that stocks will seek that yields the most
volume. Now this is very important because they
make money on the volume buying at the bid and
selling at the ask. In other words, by making the
market they are buying low and selling high. Now
smart money adheres to that rule, so do all the
market makers. They could careless whether the
stock is at $22 or at $0.0002. All they care about
is the action thus being able to sell stock at the
offer (The high) and buy stock at the bid (The
low). To increase their profitability, they make
the spread as great as possible on as many shares
as they can especially if the volume falls off.
When they have mostly all "buy" orders, that's not
the price that's going to yield the most volume.
They need both buy and sells to get the maximum
action. Remember, MMs play the volume. If the
volume decreases and there are mostly Buys that
become a one way volume, Buy volume. So what they
do is let the stock run up to a price where it runs
out of steam. They fill all the buy orders there
that they can and then comes the pullback one way
or another naturally or induced. During the pull
back they can buy tons of shares and flip them to
those averaging down or trying to catch the bounce.
At some price, the stock will be relatively stable
and yield the most volume. Now that is the average
price you will see
The average price is the point where a stock seeks
a level where MMs can profit on the most volume.
So during the day that is the price that MMs and
momentum/day traders want to see the stock at. Why?
Because they know the public and dumb money was
chasing the price thing up. Most of the time, the
MMs love a flurry of Market Orders which is a dead
sign of an artificial run or momentum. Merely it
is money in the bank for them. Most get hung in a
momentum or day trade or by the tactics of Market
makers, who are in the business to screw the public
every chance they get. They are merely making the
market liquid is their reasoning.
The market makers have created an added
complication to the OTCBB's /PS chaos of the already
volatile intra-day price movements created by dumb
money, momentum and day-traders. MMs can not relate
to long-term holders in the OTC BB / PS. That makes
absolutely no sense what so ever. They feel a large
percentage of trades in the OTC BB / PS market consist
of short-term or day-trades, MMs merely view the
barrage of buy and sell orders as relatively
neutral to the market. How they figure it is when
the average dumb money buys shares in a company,
the MMs feel or rather know with some certainty it
is very likely that dumb money will want to sell
back those shares relatively quick on the slightest
drop.
Now somewhat comfortable with this logic the MMs
merely short sells into the buying and attempts to
take the stock down in an effort to "shake out" the
weak. Since it is tough to know for sure whether a
move is the beginning of a trend, or a routine
shake out, this type of deception works quite well
for the MMs. What the long-termers do to a stock
is surprise the MMs because instead of falling, the
shorting has no effect and the price goes up. Now
that puts the MM at selling low through shorting
and thus having to buy high in order to cover.
Boy, when this happens, the MMs are not very happy
campers. The investors and traders aren't supposed to
be doing that to them. Now it becomes time to pull
out every trick and tactic in the book in order to
attempt to get a Bear Raid at every dollar/cent mark or
percent from where the stock started. Could be a
fraction of a penny in smaller priced securities.
What MMs do is give you a chance to make a small amount
of money for your momentum and day trading style by
shorting it at these levels and trying to get a bear raid
each time. Each failure is compounding the MMs
short position so they let it go to the next level.
Now come more deliberate tactics MMs use to coerce
Bear Raid or panic selling.
Once the MM is caught short and the strength of the
buy is overpowering the MM will want to cover his
short position. So the MMs call up one of his
friendly MMs and says some like "the weather is
sure rough today." The MM along with the other
"friendly MM initiates a down tick about the same
time. Now this can also be done with a certain
amount of shares such as an infamous 100 shares
flag. This down tick gives the illusion of weakness
designed to hopefully begin the bear raid of
selling. The fickle, fearful, day trader, momentum
and short term begin to sell out allowing the MM
to cover his short position at lower prices. They
will move it down quickly to get it to a price of
least financial damage. Problem they have is
long-term investors in the OTC BB / PS. They start
accumulating and buying comes flying in when they
take it too far thus the MMs took it to the point
of volume again and not only investors the other
MMs step in the make money on the spread.
Alas the poor MM does not get to cover. Now comes
various tactics like stalling, boxing, or even
locking the Bid and Ask for a while.
Of course, MMs aggressively deny any sort of
collusion designed to fix quotes or spreads.
MMs have a vast resource of tactics and it would
take probably more than a lifetime to figure them
all out.
So how do investors somehow manage to overcome the
obvious deception in OTCBB arena? One answer is
indirection trading style by going long which the
MMs do not expect. In the war between investors and
public companies on the OTC BB / PS vs the MMs, if the
MMs have all the advantages due to position or
other factors, direct confrontation such as
momentum or day trading hitting the stock is a
definite death sentence.
However, an indirect approach tends to weaken the
path of least resistance before slowly overcoming
it. The most effective way is long-term investors
slowly accumulating and holding thus drawing the
MMs out of its defenses making them as naked as
their short position. This is war so this slow
accumulation and holding for the long term easily
achieves the desired effect to force MMs to cover
and knock off the tactics or bury themselves
deeper.
The MMs when caught will especially use every trick
and tactic in the book to get a Bear Raid thus
playing on the individual fear of most people. The
MMs feel they have information and position
advantages over the investors as long as the
holding of the stock is in weak hands or short term
holders. Since they are OTC BB MMs who believe all
OTCBB companies are not worth investing and
management is ineffective regardless what is
happening within the company. Furthermore, MMs know
they are in the position to impose a great deal of
influence in OTC BB stocks trading when it suits
their needs.
This inherent power of position enables the MMs to
move the markets at any time up or down. As a
result, the only way to draw them out of their
favorable position is going long. Now this does not
mean just any company but to effectively nail the
MMs, Longs must find the great company on the floor
and accumulate long before the MM tactics and games
begin.
jrdig7, are you still working on getting a chart on our home page???
Thanks, my screen wasn't wide enough to see it when I have my favoites up!! Also, is it not possible that the quote that we see in Frankfurt is the result of a huge bid just like an IPO opening up above it's initial offering price???
You can add another 210,000 to my account!!!
On the Frankfurt link above, where do I enter the ticker symbol? I know it's not trading yet but would like to know when it does begin trading.
Frankfurt trades in Euro's right? If that is the case then .056 would be over $.07
http://finance.yahoo.com/currency/convert?amt=.056&from=EUR&to=USD&submit=Convert
If EQBM were to clear $19 million a year from the China property that would put the PPS at about$.043 cents. That is with a PE of 0. It is safe to say that a producing gold company will have a PE of 10 or more so that would put it at $.43 per share. Will they clear that amount or is that the raw amount of gold that comes out of the mine?? We will find out soon enough once the deal closes!!
WTL, the list I provided DOES include pinkies. There are some on that list including my favoite pick AURC.
I don't see EQBM on my SHO list!!! This may not be a current list, however.
Symbol|Security Name|Market Category|Reg SHO Threshold Flag|Filler|Filler
AACQ|ARDENT ACQUISITION CORP|U|Y||
ABLE|ABLE ENERGY INC|S|Y||
ABVT|ABOVENET INC|u|Y||
ACIE|ACIES CORPORATION|U|Y||
ACMG|Alcard Chemicals Group, Inc. (|u|Y||
ADBL|AUDIBLE INC NEW|Q|Y||
ADBN|Americana Distribution, Inc. C|U|Y||
ADSX|APPLIED DIGITAL SOLUTIONS INC|S|Y||
AFMIU|Affinity Media International C|U|Y||
AFML|TAM RESTAURANTS INC|u|Y||
AGEN|ANTIGENICS INC. (DEL)|Q|Y||
AGIX|ATHEROGENICS INC|Q|Y||
AGSI|AEGIS ASSESSMENTS INC|U|Y||
ALAN|ALANCO TECHNOLOGIES INC|S|Y||
ALNC|ALLIANCE FINANCIAL CORP|Q|Y||
AMSC|AMERICAN SUPERCONDUCTOR CORP|Q|Y||
AMTN|ADVANCED MEDIA TRAINING, INC.|U|Y||
ANLT|ANALYTICAL SURVEYS INC-NEW|S|Y||
APHTQ|APHTON CORP|u|Y||
ATLO|AMES NATIONAL CORPORATION|S|Y||
ATPL|ATLANTIS PLASTICS INC CL-A|Q|Y||
AURC|Aurus Corp. Common Stock|u|Y||
AVNR|AVANIR PHARMACEUTICALS CL A NE|Q|Y||
BRLC|SYNTAX-BRILLIAN CORPORATION|Q|Y||
BSKO|BIG SKY ENERGY CORPORATION|u|Y||
CBAN|COLONY BANKCORP INC|Q|Y||
CGCP|CARDIOGENESIS CORPORATION CALI|u|Y||
CHRT|CHARTERED SEMICONDUCTOR MFG LT|Q|Y||
CHYS|CHARYS HOLDING CO INC|U|Y||
CKCM|CLICK COMM INC|Q|Y||
CLRI|CLEARANT, INC.|U|Y||
CLUB|TOWN SPORTS INTERNATIONAL HOLD|Q|Y||
CORS|CORUS BANKSHARES INC|Q|Y||
CTIC|CELL THERAPEUTICS INC|Q|Y||
CUAQ|CHINA UNISTONE AQUISITION CORP|U|Y||
DALRQ|DELTA AIR LINES INC DEL|u|Y||
DJJI|Dijji Corp. Common Stock|u|Y||
DOVP|DOV PHARMACEUTICAL, INC|Q|Y||
DOVR|DOVER SADDLERY INC|Q|Y||
DPBL|Deep Blue, Inc. Common Stock|u|Y||
DXPE|DXP ENTERPRISES INC-NEW|S|Y||
ECPG|ENCORE CAPITAL GROUP INC|Q|Y||
EIHI|EASTERN INSURANCE HOLDINGS INC|Q|Y||
ELCY|ELECTRIC CITY CORPORATION NEW|U|Y||
ESCL|ESCALA GROUP INC|Q|Y||
FCBA|FCB BANCORP (CAMARILLO CA)|U|Y||
FDMLQ|FEDERAL-MOGUL CORP|U|Y||
FLWE|FELLOWS ENERGY LTD|U|Y||
FMDAY|FUTUREMEDIA PLC SPONS ADR|S|Y||
FOXH|FOX HOLLOW TECHNOLOGIES INC|Q|Y||
I'm with you!!!! I have most my money in Canadian juniors.
Yes, if they could start getting the gold out of the ground, which they may be doing already on one of their properties, then we would get a huge bump in PPS. That would classify them as a producing gold company and therefore be given the fair value of $18.00 per share with what they have in reserves.
I wish I knew, but moving to a higher exchange would help.
ARU.v went from .50 cents to a high of 24 dollars in a short period of time on news of gold. Did you not look at the chart?? I am saying that AURC will do the same if we all bought the remaining float!!!
What's not good???
The strategy of shorting a stock with all the buying pressure that EQBM has makes no sense!!! Why not short a stock with no buying interest so that you don't hit a wall or even get short squeezed. I don't think this is being naked shorted unless there is something very bad that we don't know about.
Yes, you can buy Canadian stocks on Etrade. I do it all the time. They will go by a 5 letter ticker.
If we all bought the float, this would be our future AURC chart!!!
http://stockcharts.com/h-sc/ui?s=ARU.V&p=D&yr=0&mn=3&dy=0&id=p28951638333
Maybe this will happen when the MM's let it go and this is what should have happened over the last few weeks!!!
http://stockcharts.com/h-sc/ui?s=ARU.V&p=D&yr=0&mn=3&dy=0&id=p28951638333
If there are only 35m shares tradable with this board and the known European investors hold 25 million of those shares, then something in not right!!! Today EQBM traded twice the amount of tradable shares and was up only 26% at it's high of the day. I have been in stocks for a long time but am new to "pink land", so this does not make sense to me. Can MM manipulation make that much of a difference and why would they not let it fly on all this volume??? At this point it is all speculation on shorting and MM playing games, but either way you look at it this does not add up. Something is not right.
If the MM's wanted more shares before it takes off then they may be in for an inti-climatic ending when the news comes out. At this rate no one will want to get back into EQBM if all the shares trade hands and its only up $.0002. I'm not selling but this is crazy.
Strong close coming!!! EOM
Lots of buying and no PPS movement??? EOM
I just got some more at the ask!!!