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Time will tell but so far I like what I see. But not about to start counting my chickens just yet.
thanks!!! Best of luck to us here.
I have been around some good OTCs before they graduated over the years. MED, INB, RATE were amongst my favorites. Over time I learned a thing or two. You can spin me any way you want.
San Diego. Moved here after getting tired of the winters in the northeast. Couldn't be happier about the weather these days.
I know it wasn't you. I put that up there so you'd see what I responded to in my post.
oops better yet. Should have done a longer term chart on that OTC stock that got institutional investors. $80 to pennies.
Institutional investors do not invest in OTC companies. Only investment they'll do with an OTC is give them $ in exchange for DEEPLY discounted shares. In this case I bet that institutional investor will end up making back $10M on their $2.5M investment. And all that money will be made at the expense of shareholders via dilution. SCARY STUFF.
"but the fact that you sold any shares at this point just shows you don't know what is about to happen with this stock."
Stock is up 400% in a week and I got someone telling me I have no clue whats about to happen and how stupid it is of me to take some profit. So if they don't know anything more than I do they shouldn't be making comments like that. Unless its for sole purpose to pump.
Agree that fundamentals can create a bull market and keep a stock in an uptrend for a long time. But that doesn't happen without pullbacks and stocks testing support levels at some point during the run. I don't get it why some posters on this board have a such an issue with me selling a PORTION of my holding after stock ran up 400% in a week.
oh man. lol This is something we DO NOT WANT here.
Yeah they did a placement with Institutional Investors. But this is not institutions INVESTING in an OTC BB company long term because of its prospects. They gave them $2.5M cash in exchange for discounted shares, warrants, preferred shares, etc. This is a RAPE of investors. Not any better than any POS with an S-8, SB-2 or any other dilutive filing. Look at the chart below and whats happened to the PPS.
six-year warrants to purchase
100,000,000 shares of the Company's common stock at an exercise price of $0.03 YOU KIDDING ME? 100M shares at .03??!?!?
thats not so bad for that part of the country
institutions won't mess with this until it gets to a higher exchange. Institutions don't invest in OTC BB stocks.
Once this gets listed higher up it'll be a different story. At that point I'd think insiders will part with some of their shares in exchange for $. It'll have to be done to get backing from institutions and to increase the float as well. But at this point I don't see any institution buying this in the open market. JMHO
Noone is disputing it takes much to push this. If some group jumps it it'll pop for sure.
Bills Powerscan isn't something to change my trading plan. I bought .30 and have my initial investment back with some profit locked in. The rest I can ride and not worry.
you know some group thats going to push it or what?
nice chart. Put it on my list for tomorrow. Little push and it should be on its way.
yep, doesn't take much $$ to push this baby around.
hearing good things on this one.
you should be ok. It had a nice recovery from lows and selling wasn't heavy.
still holding my CPNLQ. Drop to 1.00 was scary as it breached well below 10 day moving average which served as support for last 2 months. Almost sold on the bounce 1.15 area but held with it being so close to green. What a pretty chart.
Hopefully with a good PR and new highs on the chart we'll trade 1M+ one of these days soon.
yeah it does. Only 133k traded today. Imagine the fireworks this would have with a 2M volume day.
rotf some people do get strange attachments to their cells.
Milwaukee eh? You guys freezing up there yet?
hope you are right, it'd mean there is more of it coming our way. I'd rather be early than late.
thanks. Good luck to you as well.
theres is no bad for me. Its been a great trade for me so far and still is.
Hopefully it keeps going higher not lower. At this point I'd rather see it bust a big move upwards so I can play MOMO for a day trade than add cheaper.
thought we would have hit $1 by now which would have been only 100% on that great filing last week. But it hasn't happened perhaps because it ran so much before it was released.
I do agree with you that this seems like a unique situation and thats one of the reasons I kept 1/2 my shares. Made a nice chunk so far and hopefully theres is much more coming our way. Wouldn't have sold any but felt like I had to lock in some profit. Just a personal choice, I'd rather give up some possible gains than potentially ruin a great trade.
sorry not familiar with that term
sold 1/2 my shares today at .75. Still think we should see higher prices ahead but want to be safe. This did runup 150% before news and its having some trouble around 200 day moving average.
Would have sold all but kept the freebies because volume was way down during the first red day in a week.
wow poor guy. maybe he was too tired to trade in the mornings. I put in 60+ hours a week into trading, research, etc. Add another 40 hours at a normal job and I'd be working 20 hours a day.
how is he earning $35k salary when he is a day trader? Day traders don't earn a set salary, income varies day to day, month to month. And why would he lose his mysterious salary job due to his financial situation?
pets are wonderful and will always be there for you. Unless you start getting mad at them for giving bad stock advice ;)
think people wouldn't trade so much if they weren't making money IMO otherwise they'd go broke quick
'The commission cost alone is astronomical, it does add up and these are losses that can't be written off, its gone.'
You are wrong. Commission costs are always written off. Uncle sam takes your proceeds and subtracts purchases. Whats left is your profit or loss. Commissions are counted in with every trade. All the costs of tools, online, cable, phones, etc are also tax deductable as well.
haha yeah, or she'll give you divorce papers when its not.
ahh ok. that explains it. A gambler investor.
Unlike you I treat trading as serious work. Do this for a living and can't take a gambling approach. Gets you broke really quick.
Don't get me wrong, love to gamble myself but I go to casinos for fun. Work is different.
this is why I like trading vs holding
FCNK runs .01 to .09 800% run drops .025 then goes up .05+
Say you bought 10k .01 and spend $1,000 at .09 that would be $9,000. At .025-.03 you could buy back 30k. at .05 30k is $15k. 15 bagger!!!
Looks much easier on paper but say in my case I was late to the party. Bought .03, sold 2/3 .09 same day. rest .07 following day(except for 5k). Bought back .07 sell .04 same day. Then bought 3 times+ my original buy .03. Outed almost all those .0395-.047 while keeping almost the same amount as my original buy. I virtually have same number of shares as on day 1 but they are free. My initial investment is covered and I have more than 2 times original investment in profits locked in.
Maybe you don't have to think very hard but could use a little better money management. Go for homerun is an amateur mistake IMO. You could have sold 1/2 for a triple and have your investment back and you'd be left with free shares. If it ran more you still would have BANKED HUGE without taking unneeded risk.
JMHO but it makes no sense to go for homerun when you have bases loaded and less than 2 outs. A strikeout and you may not score a run.
hahaha go for it!!!! Just hope you don't have to sell your FCNK to get a lawyer lol
yeah its a no brainer. if you got a few 100k shares you must have already lost a few $10,000s in profits. But that doesn't matter. Go for homerun or broke is the way to go. Who needs money management. Obviously not smart investors. lol
I thought ihub was for discussion of pros and cons. Sharing of ACCURATE information. Its not about spins.
And I am not here listing all the things wrong with the car. All this started simply because I didn't agree with OS being 5M. The poster that posted that info has no proof and is only assuming or purposely misleading the other posters on the board. THATS WRONG.
Wouldn't you have a problem if the dealer who you sold your car to that had 100,000 miles, was listed as an almost new car with 5,000 miles? that wouldn't be right would it? Would you say anything to your friends or other people that were interested in buying the car?
that restriction must have been minutes long if that were the case.
I agree its a novel idea. But if the company got funding without diluting its stock I am sure you would have seen some PRs. Do you think the company would hold back such great news?