Know when to hold'em and know when to fold'em.
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Has anyone placed an order to sell FNLH through their online trade broker this morning?
I use TDA and no it won't let me either, but that may be everyone not just TDA. I've used TDA for a while and I have never had a problem with them.
I just tried to place an order just to see if it would and it wouldn't. It is 12:07am central time. It may be 2:00am central time before they have it up again, IF they have it up again.
As far as holding or selling, I will have to wait and see what happens first. I believe I already know the answer to that, lots of dumping, but will have to see.
Not a problem man, and yes good luck to every one. I really hope we can see something positive out of it.
Uuummm, yes. It would be concidered a loss of capital gains.
I didn't expect him to make one. He hadn't done any thing for the last 6 years why start now. Even if he did, all he could say is sorry you screwed yourselves over this crap. This is a good write-off now.
Any word from our fearless CEO yet? LMAO!!! NO! Well that's just not right. JK!
Yeah, I will probably hold as well. Besides some have millions upon millions that will probably go first while my 330,265 shares would take a while. It will be interesting to say the least. Never have I been in this situation so don't really know what to expect.
So who is selling first thing, and what will you set your price at? I know it is dependent on what the market will be at the time. Will any one hold just to see what happens?
That could be true. However, I don't know how long FNLH has been in business or out-of-business. In order to recieve convertible shares there would have to be some sort of financing involved or work to the company, as TEFFY has said he has done; but don't know if his shares were converitable or not. If they were, then, yes, that would explain a lot.
I don't know, but I'm beginning to wonder if there ever was a company wanting to use FNLH as a shell.
They were the matadors and we were the bulls. Well, what always happens to the bulls in the end?
Well, to me that is sad that the SEC would allow this to happen knowing that there will be unsuspecting people who will buy and will lose everything. Don't get me wrong, I would love to see some of my money back and will probably sell to these unsuspecting people, but I will feel bad about it. Ha!
If your post is correct, the one where CEO sent Tiffy an email, and if Petry is not doing anything but relying on us to do something, then I just don't see FNLH trading at all, any where, or any time. If he does not respond to the SEC on Monday, why should the SEC allow it to trade on the grey's? They wouldn't. Or at least I don't know why they would.
Yeap, glad I averaged out yesterday to $3.82 from $4.08. A good 30% uptick from there. %=$
No, stratch that last post. The pps went down because Harrah's dropped them as a client. Harrah's made up 14% of their business. Still, sellers dropped the pps too far down not to pick some up and make some off of it.
OK, I'll give you one from an NYSE I bought into today at $4.08. The stock went down over 50% on news that the S&P dropped their analytical service to this company. Everyone was selling because they didn't know why. The S&P is making some changes and it so happened that this company was one out of several that was dropped but not because of this company's fundamentals (which is very important) but again, just because of some changes from the S&P side. This stock closed yesterday at $6.99 and is now at $3.88. However, it will be back to $6.99 in no time.
Buy on huge dips that occur because of stupidity. This will make you some money.
The company: Global Cash Access Holdings, Inc. (GCA)
Well I see GCA is back in the 10's. It will go back up though. It's actually been slow for me today. Don't really recommend anything.
Now I'm even. Ha!
Looking at today's chart I would say you got extremely lucky. Good job though!
I don't reveal what trades I play. Not because I'm stingy, but when I play pinks I don't always win and I don't want any one else following to the bottom then blaming me for it. You know what I mean?!
uuummm, NO! I hope you don't either.
Yeah, if you're in it, you better hurry and get out of it before you lose it all.
OK, it's going to fluxuate first, then up. :()oooowww
Already going back into the 50's, then 60's and up, up, up. Got to love it man!
rj,
I feel your fustration, but the fact remains for everyone that it would cost more money to pitch in on a losing battle. Plus, I already made around 68% of it back on two other trades this week, so not really concerned about it. Sorry!!!
FNLH has to respond to the SEC on the 26th. After that date is nothing more than a guessing game.
Yeap, I pick some up at $4.08. There was no need for this sell off. This will be right back to where it started soon. Plus, Q2 is Aug. 04 and should do nicely then too.
Let's look at it from the other side as well.
Say you sold prior to the suspension, then the day of the suspension your money came back and your broker told you that your SELL order could not be filled because the SEC had suspended ALL TRANSACTIONS (which they didn’t). Now, the shares that you thought you sold came back and now you are stuck with the shares.
What would your argument be then? That, it is not your problem and that the transaction should have went through, and that it is not your fault that someone bought the crappie shares from you.
The point is, all of us who bought FNLH and are now stuck with them, like it or not, will have to live with the fact that we made the stupid mistake of purchasing them. I questioned the company before I bought, but greed over powered me and I bought any way. My fault, no one else.
And, by the way, I was up 87.50% before the suspension.
If the company does not respond, why wouldn't the SEC just revoke it altogether instead of moving it to the grey's?
By the company not responding, wouldn't that be the same as saying "it doesn't matter to us what you do with it"?
Yes, but I have reservations about selling right-off-hand even when, or if, it does go grey. For one, I have never dealt with the grey market so don't know what to expect. Second, if there is a huge sell off when it opens grey, I will probably loose too much to even bother, and therefore, just wait a little while to see if it will regain what it lost in the beginning. Make sense?
But there must be a buyer in the grey market as well, and who would buy this stock? I don't know. I don't know any thing about the grey marked or who the buyers are or why they would buy a stock in the grey's. Either way, it would be nice to TRY and recieve some money back.
We should find out on the 26th the day of the hearing or a day or two after.
Yes, that is like saying "where are the cops when you need them." When you do need them, they are not around and when you don't want them they will always be there.
Yes, I have seen this happen many times before. It takes strength to not hit the bit button, but if you do hold on the price can go way up again because no one is buying the shorts up. The only people in the beginning who want out very quickly are shorts and the ones who are so pissed off that they just want out right then and there without thought.
It would be ridiculous though to be one of the first to sell when, if, it starts trading in the greys. Shorts that are trying to cover will set their price very low. But, if some hold their shares and the shorts can not sell, they will have to raise the price higher in order to get filled. In turn, yes there will be a huge sell off in the beginning, but will raise a little higher. How high? Who knows, but don't expect it to be higher than $0.012.
Yes, go to post #7976. Not that hard indeed!!!
mac,
Everyone here has a motivation to post here. Mine, just tired of listening to everyone complain about what happened and thought I would throw my two cents in. What is your motivation for posting here; the same as me. This is the pink sheets after all, no guarantees at all.
This is not the first time this has happened to FNLH. Check the link below.
http://freerealtime.brand.edgar-online.com/DisplayFilingInfo.aspx?Type=HTML&text=%2526lt%253bNEAR%252f4%2526gt%253b(%22ROBERT+V.%22%2c%22PETRY%22)&FilingID=3577776&ppu=%2fPeopleFilingResults.aspx%3fPersonID%3d3256583%26PersonName%3dROBERT%2520V.%2520PETRY
I've been watching this board for the last week, just now decided to join. I see many people angry at each other for what has happened to them. This is upsetting to me b/c a little DD will go a long way. I'm want to prove to some on here that if they would have done some DD on their own they would have stayed away from FNLH.