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ordinary, okay, enough self flagellation.
Actually today is the day Expiring equity, P.M. settled index options and treasury/interest rate option classes cease trading. Expiring cash-settled currency options cease trading at 12:00 p.m. EST. And on this most important day you can bet there are going to be trading patterns that defy expectation especially what one would expect to see in a market depth line up and buy vs sell summary.
cc1970, sorry about the tone and I'll be the first to admit there was quite a bit of condescension. It just seems odd that as many bouncing balls as there are to keep track of for a serious trader I guess I just thought that a basic indication of supply and demand which can be gleaned from a bid/ask spread should be well traveled ground by now.
I wouldn't ordinary. This is not an easy game to figure. I trade tons of options and stock usually buy/write combos and synthetics and I sometimes need to refresh my memory. Here's a perfect example today. Pull up the trades for RIMM today using the feature below. But before you do note that RIMM was up 6.57 closing at 70.03 on 67.9 million shares traded. That's up.
What would you expect to see buy vs sells? And when you look and you went the wrong way remember what today is.
Check and get back.
jlunk, look at the icon below that says "trades" for the days buy vs sell.
Very nice feature by the way. Plug in some actively trade stocks like RIMM or ORCL today to see how it should look if you have a real company.
Figured you would. Moe!;)
Amazing, possibly a total of 40 or 50 trades totaling 24,000.00 changing hands today yet the discussion rages on as to whether it was sells at the bid or buys at the bid.
Amazes me that after years of the average investor being able to direct their own trades they still don't understand the basic concept that you buy at the ask and sell at the bid. Otherwise why wouldn't one buy all day at the bid of .0002 and immediately sell at the ask of .0003 for an instant gain of 50%?
What the HELL is going on with you all?
Closed 6 by 6 .0002 x .0003 last
Pedro, you're a glutton for punishment. As soon as I heard the first guttural grunt from whatever 2 pack a day guru they had on the mike to start of the show I was out...say 20 seconds.
Please feel free to use this post when some idiot comes back with a retort whereby they state "prove its didn't happen or {fill in the blank}.
The response was to a retort from the genious CMIstock to prove a naked short doesn't exist in FFGO...yada yada yada.
You're an idiot CMIstock. What, did you fail logic? In a nutshell that's an argument from ignorance. In Latin it's called "ad ignorantiam" or literally to appeal to ignorance. Quite simply, in deference to your low intellect, what you're suggesting is that he produce negative evidence. In the parlance of symbolic logic, it is a logical fallacy in which it is claimed that a premise is true only because it has not been proven false, or is false only because it has not been proven true. The burden is on you to prove one exists and when you cannot because you cannot insofar as one does not exist, that settles the argument unless of course you are in third grade and insist on proving a negative.
stress, yes essentially worthless on the bid and basically worthless on the ask. Fairly balanced on either side of the market depth.
Hope that helps.
briantek, as laughable as any notion of a cash dividend is on the face of it, let me state that haven apparently omitted a zero .015 sb .0015.
But even that reduced amount is a joke.
Show me.
And if it happens, I invite you to show up at our offices in Vegas on my dollar and I will kiss your a ss in front of a news 13 news crew.
Call me and see if I'm not serious.
My contact info. is in my Bio.
Yippie! Free Trading Dividends in an unlisted shell on the fast track to listing on the Nasdaq sometime...like say never.
This PR sounds exactly like the same empty promises from before. Go back and read all of the ones that never amounted to shite. They all sound every bit as breathless and frantic only to wind up with a thud.
Fool me once...yada yada yada.
What exactly is "New" about the "News" that you didn't already know except for them to come in and do damage control for Rally Cry's loose lips? These guys are hawking this board not locked in pitch battle negotiations the way they have been claiming for what now seems like a week.
Come on, someone submit a 5.00 buy order @ .0003 so you can all say "at least we closed closed unchanged" paying no never mind that the sell volume was 10 times the buy side.
jufel, blame rally cry, chicken shit got scared and sold because the TA is threatening to quit. So he says, anyway.
Rally cry! Wow, what an about face. Well, at least you sold. Chide me about a shop-worn SEC blurb and minutes later you find out first hand what a record keeping basket case FFGO was, is and will always be.
Told ya so.
Wouldn't surprise me a bit that the SEC is poking around their "offices" for issuing false and misleading press releases in recent weeks. And those 9mill block sales are dumps to get out before a halt.
stockupgirl, you gettin nervous?
How much of this do you own in shares and at what cost per share?
If you would be so kind.
Never get emotional about a stock. If you do, you don't belong in this game.
Chunky, you betcha! My portfolio thanks me.
Haven, mistake??? How so? Not to put too fine a point on this but that so called "mistake" is one which he no doubt profited handsomely. So from his standpoint the "mistake" was hardly that. The "mistake" that occurred was the one where you put your faith in some notion that he actually cared about anyone else's wellbeing but his own. If the last year or so of dead silence from this crew didn't give you that impression, then nothing will. And I venture to guess he's full bore ready to go back out there and make the same "mistake".
Pray your not wearing milkbone underwear in his dog eat dog world.
I'm not giving high odds that a deal is reached where you make out. Sure, there might be a small pop but the devil will be in the deatils of any deal and my guess is it won't point to cash but rather some free trading shares of some unlisted shell that I'm sure they will tell all kinds of stories that they are on the fast track to having it listed on the Nasdaq. I wouldn't put it past this group.
But good luck anyway.
Wow! I recognize a bunch of you from the PCBM days. And yes, I'm still a basher.
Hey Moe!
Why? If your basis is zero as long as the stock has a bid you can generate cash. Something from nothing hardly cares how big the something is as long as you can print more nothing.
Haven, I'm thinking Lumb is banking on the notion that the new money that may have entered this stock may not know of its history. But you are fearless insofar as you know about that failed promotion and nevertheless are willing to risk yet more capital on the hopes that this time will be different. I clearly have found the city of hope on this board.
I have to admire your temerity but certainly would never follow suit.
Hope this works for you.
havean, well if nothing else you've convinced yourself and you should be proud of that accomplishment. But for the sake of the concept of "no sure thing", I hope you have a backup plan if this doesn't pan out.
Still, with so much 'promise' with this venture, the market has failed to bless this issue with a commensurate market price. And you know the shibboleths by now...”buy on the rumor, sell on the news". That tried and true observation doesn't appear to have set in with this promotion.
All good questions to ponder.
Rally, that's not a sentiment held by many about Lumb. Why is that?
Thanks Rally Cry, but what about the Lumb guy. Is he a problem?
This may or may not be significant and I leave it to one of you smitten by the promise of great wealth with the smallest of outlays to come and marginalize its importance but is it a problem that the party responsible for incorporating the two shells, uhemm, I mean Mega Gold Mines Bouse and Copperstone is none other than Stephen C. Lumb? And since as Texas77 has so adeptly pointed out that it requires a mere pittance to bring these two shells, uhemmm, there I go again, I mean Mega Gold Mines into good standing with the state of Wyoming, a State Income Tax free jurisdiction, one of seven here in the Great ole USA, it nevertheless begs the question why has this not been done by the crack management of a presumably World Class Gold Mining Operation. And it would stand to reason that at the very least you would perform this picayune bit of compliance housekeeping when you’re in the midst of promoting these two shells as the next best thing since sliced bread.
Please help me understand this apparent disconnect and potential fly in the ointment.
of course call me, I was simply trying to illustrate an narrowly tailored point.
Seems like Someone (Bezzano) would like to have a Green Christmas on your backs. Pump goes into overdrive on Black Friday.
Curious timing.
If you allow for the possibility of insiders dumping everything they hold as soon as the ink dries on a freshly minted share, it makes perfect sense.
Hey Tex, how's your trade...?
You know, I thought this one up just for you.
"Fool me once, shame on you. Fool me twice, shame on me. Fool me thrice, well, you clearly have found the right person to fool."
Enjoy.
And be that as it may, it doesn't preclude one from nevertheless securing a profit by seizing on the infinite gullibility of the typical pink sheet investor. Now there are certain caveats that must be disclosed the likes of which are voluminous even to the most avid DD digger but can still be summarized in one phrase…
DON"T MARRY A PINK SHEET! Take Profit as soon as you can. Sell like there is no tomorrow because in most cases there rarely is a tomorrow. Profit opportunities are measured in seconds, not days or weeks or the next lighter than air PR.
Aaaaaand done!
And I think that's the expectation here however I bet very few were able to hit the exits during that brief run before it all imploded.
I'll take a crack at it...because they did this type of promotion before with GWGO and soon thereafter reverse split 1 for 2000. I think there are a lot of doubters out there who haven't forgotten that bag over the head kick in the pants.
That'd be my guess. Oh, and the pie in the sky part has been done to death.
You should consider yourself lucky they haven't gagged the TA. But even that could be an oversight they'll address after they find out how nosey you long are.
No tex, in this case, past is prologue I'm afraid.
Texan77 called and we spoke. Nice guy with an open mind. Enjoyed the rather long chat.
Well Texan? I'm waiting. I don't have all day as I have a real company to run.
Please be prepared to speak to a CFO of a mulitnational concern with 20 or more years of experience with a masters in International Accountancy and 10 years of experience in Corporate Tax at Price Waterhouse Coopers where I cut my teeth and earned my CPA designation during the S&L crisis circa 1989-1990 and beyond.
I'm sure I can handle your questions as I do it all the time for Bankers and Institutional Financiers to name only a few.
Look up my company and ask for the CFO.
www.magtechind.ocm
Ahhh but alas...you can change your symbol but you can't change your past. And where ever you go, there you are.