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I hold INO and EKDKQ as well. I scalped them both once and bought both EOD.
My analysis of Kodak is that everyone is gambling, hoping to gain some quick profits before September 3rd. There were both big buys and sells EOD. I'm not sure how short positions work out in BK, but I would assume that that has something to do with the run.
Also, if traders are making bets on Kodak while not aware of BK and the certainty of the shares being wiped out, then they won't be the one's affecting any momentum. Everyone already knows these shares are worthless. They have to. It's been said so many times. Some people are dreamers though I guess.
Gap up, gap down? That is the question.
Hey NT, when you were talking about wash trades, what does that look like?
I was watching PCXPQ today. It was around .50 and all these .50 buys were coming in (no sells), but the volume stayed grey (I have my volume set to red/green and grey for neutral.) It looked suspicious so I didn't act. About 2 minutes later a small sell of about 1000 shares dropped the price to .48. Are those wash trades?
One more thing; when a when a trade goes through at the ask, yet prints red as if its a sell, what should a trader assume from that?
When you short you're borrowing shares. Shorts still need to sell them back. If they can't sell them back, they're stuck with them.
Since the shares will be wiped out, bulls and bears both lose. If anyone is still holding shares they deserve to lose.
may re enter next bounce. Looks a lot weaker than yesterday.
I'm cool, thanks. I've had a few slow weeks with the OTC so been scalping and swinging pharm's and biotechs on the big boards.
I played ALVR today and mentioned it on Dr Key's board (penny stock soldiers). It may be something to look at throughout the week. I know you do a lot of sub pennies (which are not my forte), but $ is $.
I like your board man. When I have some useful info I'll throw some posts on it. I do check it daily. So, here's some cookies for you.
Special Note: To anyone reading this, (as I just mentioned ALVR) remember, even big boy AAPL dropped from 755 to 385. No one is safe. Take profits. Cut losses.
The smart trader knows when he/she has lost. The sucker hopes. Cutting losses is a win.
What up Garyst. You doing alright? OTC season coming soon!
There is some truth to that. July and August (the entire summer, actually) are slow for both the big boards and the OTC alike. The pinks are the lowest tier in the OTC, but being pink doesn't cause them any less action than the OTCQX or the OTCQB.
You may have heard of "Sell in May, go away." Here's a link for reference:
http://www.investopedia.com/terms/s/sell-in-may-and-go-away.asp
The difference in lack of volume in the OTC and the big boards (NYSE, NASDAQ, S&P) during the summer though, is different. In the big boards, the lower trading volumes (as stated in the investopedia link above) are due to the summer vacation months. They do admit though, that there is no exact science to this.
The OTC is different though. Most of the companies, including RANF, are either shell companies with no intrinsic value, or delisted big board stocks trying to stay alive (most never make it back to the big leagues.)
The way an OTC ticker moves is through promotions. That's it. Promotions. If an OTC ticker is flat for a long period of time, months to years, and then all of the sudden spikes, it's being promoted. Remember that 99% of the time, the spike has nothing to do with the companies performance.
RANF is a shell company that has no intrinsic value. When they were AUCI and had a nice spike a year ago, they were being promoted. And just like AUCI, the only way RANF will move is with a promotion. Assuming there is no R/S, which is possible, RANF could be promoted and spike, but that's up to RANF if they want to pay for a promotion. I think they should.
Understand though, that since RANF has no intrinsic value, the price will eventually come back to where it started, so don't forget to take profits when you can.
Hope I helped.
Lets hope pre-market treats us nicely.
11:42 AM EDT, 08/19/2013 (MidnightTrader) -- Alvarion (ALVR) is up another 100% today at $1.05 a share, adding to hefty gains on Thursday and Friday following reports a private equity firm is considering a deal to buy the company.
The rally began after a spokesman at Sigma Wave Ltd confirmed to Bloomberg News the private equity firm was interested in ALVR, saying the company is hoping to conclude the process by the end of this month. Prior to the original report, ALVR closed on Wednesday at 24 cents a share; by Monday mid-day, the stock has seen a four-fold jump in it share price.
Nevertheless, the stock remains far away from its 52-week high of $6.10 a share.
Price: 1.05, Change: +0.54, Percent Change: +105.9
http://www.midnighttrader.com (C) 1999-2013 MT Newswires, a Division of MidnightTrader, Inc. All rights reserved.
Flipped some ALVR today for a small profit and picked up another 400 shares EOD @ 1.11 average.
I didn't mention it because by the time I grabbed some it was up almost 70% and i wasn't sure even what I would do with it. ALVR gapped big this morning and ran to 1.37.
AH is looking good, but we all know pre-market can kill all momentum and quiet the biggest of speculators.
I haven't done much DD on it, but has gapped the last 3 days due to speculation of a buy out. I'll post the thinkorswim news in the post above this one.
I believe these are the three players in my previous post. If I'm wrong please correct me. I'm sure most of you already know this, but I figured I'd just lay out a little background for the board.
Dr. Horst A. Schmid - http://en.wikipedia.org/wiki/Horst_Schmid
Satya Brata Das - http://en.wikipedia.org/wiki/Satya_Brata_Das
David Roff - http://investing.businessweek.com/research/stocks/private/person.asp?personId=8420392&privcapId=3158547&previousCapId=3103116&previousTitle=ARKSON%20NUTRACEUTICALS%20CORP
For now, these came up in the "news" section of my thinkorswim. They are all dated 08/16/2013
SOURCE: Form 4
ISSUER: DEEP WELL OIL & GAS INC
SYMBOL: DWOG
FILER: ROFF DAVID
TITLE: Director
DATE TRANSACTION SHARES PRICE VALUE
8/12/13 Exercise* 600,000 $0.12 $70,500
OWNERSHIP: 762,441 (Direct)
* - 450,000 shares exercised 2 years, 7 months before expiration.
150,000 shares exercised 4 years, 10 months before expiration.
The Form 4 is filed with the Securities and Exchange Commission by insiders to report transactions in their companies' shares. Open market purchases
and sales must be reported within two business days of the transaction.
Insider Data Source: The Washington Service
(info@washingtonservice.com or 301-913-5100)
(END) Dow Jones Newswires
08-16-13 1859ET
SOURCE: Form 4
ISSUER: DEEP WELL OIL & GAS INC
SYMBOL: DWOG
FILER: DAS SATYA BRATA
TITLE: Director
DATE TRANSACTION SHARES PRICE VALUE
8/12/13 Exercise* 388,096 $0.08 $32,484
OWNERSHIP: 1,342,381 (Indirect)
* - 238,096 shares exercised 2 years, 9 months after vesting and 89 days
before expiration.
150,000 shares exercised 4 years, 10 months before expiration.
The Form 4 is filed with the Securities and Exchange Commission by insiders to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.
Insider Data Source: The Washington Service
(info@washingtonservice.com or 301-913-5100)
(END) Dow Jones Newswires
08-16-13 1902ET
SOURCE: Form 4
ISSUER: DEEP WELL OIL & GAS INC
SYMBOL: DWOG
FILER: SCHMID HORST A
TITLE: Chairman of the Board
DATE TRANSACTION SHARES PRICE VALUE
8/12/13 Exercise* 480,000 $0.07 $32,256
OWNERSHIP: 3,280,000 (Indirect)
* - 330,000 shares exercised 53 days after vesting and 2 years, 10 months
before expiration.
150,000 shares exercised 4 years, 10 months before expiration.
The Form 4 is filed with the Securities and Exchange Commission by insiders to report transactions in their companies' shares. Open market purchases
and sales must be reported within two business days of the transaction.
Insider Data Source: The Washington Service
(info@washingtonservice.com or 301-913-5100)
(END) Dow Jones Newswires
08-16-13 1930ET
Not this weekend. This is actually the end of a week vaycay from the tables. I've been getting burnt out.
I'll post something tomorrow, dd wise on what I think about this ticker. I have to admit, I jumped into this one without really knowing what to expect.
Hey what's up. Yeah almost even money. I honestly have no idea what this is capable of. I'm gonna do a little more of my own DD this weekend.
Normally I would be sweating an OTC daily. This one I'm just kind of putting aside for now.
One thing I do know is that this isn't a P&D or a promotion. That makes it a bit more difficult. We actually have to rely on company progress haha.
It is overbought. YTD RSI @ 80, 3/mo RSI @ 80.
The 5/day RSI is at .32 though, so yeah, mid to low 60's look like a good buy for a swing to long position.
I sold my swing at .85 and re bought at .75. I'm regretting that re buy at the moment.
Yeah I'm not going too big on this. I'm basically just trying to grab 1000 shares (I have 500 now) and roll with it for a bit.
In saying that, if its gonna tank more, I at least want the best price. I won't buy anything over my average for now, which is about .33.
NT, your Freddie had a nice bounce today. I'm gonna make a rule for myself and just buy the damn thing when it sees a dollar.
Haha I know. Just in case though.
Hey what's up, I'm keeping a few 100 share buys lined up between .05 and .29. If they don't take I'll think of that as a good thing.
Right now I'm @ .35 average.
Are you playing this one?
So far the trades today are mostly sells, if those are real sells. I can't tell. This one is a bit out of my league.
I grabbed some .29's too. I have more buys set at .05, 10, .15 and .20 if the MM's try to get freaky.
What a weird ticker.
FFHL may have a bounce coming.
I need a break myself. I see stock screens in my dreams.
I hear you got a new jobby job. Don't be a stranger. We need you. Congrats on your new endeavor.
AH looking good.
Update:
I own GSS. Looking for a swing trade. I'll add tomorrow if it gaps and runs and sell 1/2 on weakness.
I also own 300 shares of DWOG. I'm trying to grab a total of 1000 shares of DWOG under .47. I may let this one ride for a bit. The chart looks great, but it's an OTC, so I'm always skeptical of holding for too long. This looks like the beginning stages of this companies' endeavor, so I won't get head faked on MM B.S. I'd rather treat it as a long, than a swing.
I bought 300 shares of DWOG @ .42 EOD. Right after it went through the ask went down to .41 then back to .42. I'm gonna let it ride for a few weeks and see where it ends up.
You're right, it's a great chart. I assume the lack of volume is what's keeping the bid/ask spread so far apart.
I went to MarketWatch to take a look at the insiders. Along with the CEO, there's a number of other insiders who bought @ .05. I always thought that insider buying was a good thing, but they did obtain 1000's of shares at a fraction of what present buyers are getting them for. That spread can be a bit scary for a speculative buyers who fear dilution, as far as the OTC is concerned.
I'm going to see how tomorrow and Friday rack up. I want an even 1000 shares by EOD Friday.
DWOG:
Dr Key, I remember one time you said something about how if a ticker is on a promo list and has previously promoted, then they are likely to always be that sort of company, i.e., not legit, pump & dump, or scam.
I looked up DWOG here: http://stockpromoters.com/view-stock-promotions-by-symbol.aspx?symbol=dwog&ctl00%24ContentPlaceHolderyy%24Footer1%24Image2.x=0&ctl00%24ContentPlaceHolderyy%24Footer1%24Image2.y=0
DWOG hasn't had a paid promo since 2007, but they have had them and the promoters were largely compensated. They did have "Penny Performers" promote them twice in 2008, but "No Compensation" is listed. I actually have a question about this.
If a promo company, such as "Penny Performers" is listed as a promoter, but no compensation is listed:
1. Is it still considered a promo, or a promo that failed/fell through, or is it not considered a promo?
2. If it's not considered a promo, then why does it come up on the flag sites?
3. If is considered a promo, then why was the promoter not compensated?
One of the things that confuses me about the flag sites is that FNMA is on there, http://stockpromoters.com/view-stock-promotions-by-symbol.aspx?symbol=fnma&ctl00%24ContentPlaceHolderyy%24Footer1%24Image2.x=0&ctl00%24ContentPlaceHolderyy%24Footer1%24Image2.y=0
and FNMA is obviously not a pump & dump or a scam, and is a legit company.
I think the OTC is getting a bad rap.
Are Bloomberg and the SEC acting like the only corruption that takes place is in the penny stocks? Maybe they should ask those hard working momma's and papa's who had a hedge fund invest their money in FNMA when it was at $40... like my pops. Or take a look at the Martha Stewart insiders who made off with millions by sacrificing only 6 months of fancy jail time. What about Madoff? It took the SEC 10 + years to convict that white- collar gangster.
This isn't directed to anyone here of course, it's just a rant, but when you're in the OTC, you know what you're in for. When you're on the big boards, well, Obama can bring down every airline ticker with the flick of a pen.
As they say, don't hate the player, hate the game.
I wish I had a margin account so I could short. It's much easier finding stocks that are going down.
CERP is looking strong. I can't find a specific promo so I'm not sure what stage it's in.
I have GSS and SVNT on EOD watch. I'm in SVNT @ .80 with a .80 stop - loss in place. I'll add more EOD if it has a strong close, but not much, as I don't like holding pharm's and bio's over night.
Sold SMT this morning @ 2.35. I'm glad I did because it's going down. I mainly sold because I wanted to free up a little more cash. I want to make a big play this week.
As of this morning I only own SMT and TRQ. I'm trying to swing both of them.
You're right, that was a great read. I don't see a name for the author. He should give himself more credit and write a book or an essay.
Thanks Dr Key.
New big board IPO's:
A bumper crop of newly public companies started trading Friday, with the market for initial public offerings well on its way to its busiest year since the financial crisis.
Early August is typically a busy time as bankers try to squeeze in deals before a traditional late-summer lull, and this year is no different.
Six companies saw U.S.-listed IPOs price Thursday, the most in a single day since May 8, according to Dealogic. Among the larger offerings, offshore oil- well services company Frank's International N.V. (FI) sold $660 million worth of stock, with the shares pricing higher than the company expected. Energy company QEP Midstream Partners LP (QEPM) sold $420 million in equity.
"Investors are continuing to look for, and be receptive to, new-issue IPO opportunities," said Evan Damast, global head of equity syndicate at Morgan Stanley. "And given that we're in early August, which is typically an active period...we have a large number of issuers looking to take advantage of this very robust backdrop."
So far in 2013, 129 companies have debuted on the U.S. stock market, the most in any comparable year-to-date period since 2007. U.S. stocks' rally this year is tempting private owners to cash out, while low volatility and inflows of cash into stocks-focused mutual funds have money managers in buying mode, investors and bankers say.
That favorable landscape, which has been in place for much of this year, is fueling the pickup in IPOs and leading to a strong performance for many of the newly public shares. Five out of the six deals that priced Thursday evening traded higher Friday morning. The best performer was event-planning software maker Cvent Inc. (CVT), which was up 63% in early-afternoon trading.
New issues "are trading well," said Joe Castle, global head of equity syndicate at Barclays PLC. "There's a lot of demand and supply is not overwhelming it."
Through Thursday, U.S.-listed companies this year have seen an average 13% rise in their first day of trading. Companies that completed IPOs this year are on average up by 30%, outpacing even the robust gains of the broader market. The S&P 500 index is up 19% so far this year and the Russell 2000 index of small- capitalization companies is up 24%.
Not every debut is going off without a hitch, but bankers say the deals that have struggled have more to do with the specifics of the companies, rather than a broad demand for IPOs.
For example, advertising technologies companies, such as this week's IPO by YuMe Inc. (YUME), haven't gotten a warm welcome from investors. Advertising data provider Exponential Interactive Inc. withdrew its IPO filing Wednesday "in light of current market conditions," it said in a letter to the Securities and Exchange Commission.
In addition, apartment landlord Independence Realty Trust Inc. (IRT), didn't price its IPO as expected Thursday night. An Independence Realty Trust spokesman didn't immediately return a call for comment.
But this past week brought extra urgency for would-be sellers. The second half of August typically marks peak summer vacation season for money managers and investment bankers, bringing a lull in stock-trading and capital markets activity. Since 2005, only two IPOs have priced during the last two weeks of August, according to Ipreo, a capital markets data and advisory firm.
"To do an IPO, you need a full audience," Barclays' Mr. Castle said. "Once you get past the 15th, people are going to be out; volume's going to be down. Light volume makes people less risk-on, and you miss people so you have a smaller pool of buyers."
Plus, per Securities and Exchange Commission rules, first-quarter financial results in a company's IPO paperwork go "stale" at the close of business Monday, meaning the issuer would need to submit updated filings before pricing the deal.
"If you don't price off the first-quarter numbers--beat the clock, if you will--then you have to update with your second-quarter numbers and that takes time, money and the market can move away," said Michael Zuppone, chair of the securities and capital markets practice at New York law firm Paul Hastings LLP.
Corrections & Amplifications
This item was corrected at 3:00 p.m. EDT to show that five out of the six deals that priced Thursday evening traded higher Friday morning, not four out of five.
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
08-09-13 1430ET
Copyright (c) 2013 Dow Jones & Company, Inc.
haha don't remind me.
Well, that was a pretty boring Friday.
I only hold some SMT, which I'd like to swing and bought some TRQ EOD @ 5.00.
TRQ has a 2nd Q - financial coming out on the 12th, so it's basically just a gamble. If it's a bad report I'll lose, but they seem pretty steady. Hoping for a gap up, as it had a nice close.
Made a total of $120 today on SOYL. Scalped it twice. It was hard to find some good OTC tickers today. The ones I found, I was late on and no big closes.
I was FFN. They were kicked out of the big boards a few days ago.