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A famous quote by Warren Buffett, "The stock market is for transferring funds from the impatience to the patience." Who ever that was, lost big time.
ITS HARD TO BELIEVE, BACK IN JULY 2012, THE PRICE TARGET ON ASUV WAS $5.26, WITH THE SAME SHARE STRUCTURE. WHAT HAS CHANGED SINCE THEN? I DON'T KNOW WHAT TO MAKE OF IT. I don't take that much consideration on price targets by supposedly analyst. But, this thing could make higher highs in the coming days, provided that the merge actually takes place and more importantly if it has any substance. Lets see what happens. I'll be happy with 1/10 of that price target.
Also, just got in about a week ago. Mind you, I have been watching this since August of last year, didn't make a move until last week.
Yes, the red stop sign came in right after I bought it, it had a yield sign before I bought it. Bought it 0.0043 450,000 shares. I have spoken to the people about their ventures, they are hoping for a home run too. If you look at my threads, you will see why I bought it. If it dips more, maybe in the low 3's, I will round of my position to a million and wait it out. EGYH is pure gamble, but if they strike a deal, the upside potential is enormous. I found out about EGYH since August of last year, just been watching it. The director and I spoke over an hour, extremely friendly conversation, spoke to him, I believe Oct/Nov of last year. This one is pure gamble, but if it takes off, it will be virtually unstoppable. I am going to give it till the end of the year.
"99%" that's an excellent confidence. Then, if that number that you quoted does becomes a reality, coupled with some great substance about the merger, we should go parabolic to the dollar land within a month or so, after the announcement.
This is undoubtedly one of the best penny stocks I have come across. All thanks to Grolden. However, dollar land could be reached, if, and only if, the merger has any merits to it, otherwise, 0.30 is not too far fetched. Just on speculation alone, we should see anywhere between 0.07-0.10 by end of next week. JMHO.
Yes, it is. You are smarter than I thought.
Just a side note, I have been trading since 1986. So, I know the rules and how it's played. I am most probably older than most here. During the 90's lost over half a million dollars, made it all back in 3 years , with patience.
That's where you are wrong. Go back and check how high KBIO went, that was $42 and change. The same day I sold it for $37.50. I know, KBIO is bankrupt and I knew it was a shady deal and that is why I got out just in time. You need to get your facts straight, before you make a statement. If you want, I will give you the screen shot of the position (in and out of KBIO). At the end of the day, I know what I did, you weren't there. However, I respect the fact that you admittedly agreed to give me credit, if this turns out to be a bonafide "play." Now again, "play" not an investment. If the merger rumors comes true and if it has any substance, then this will easily hit 0.50...0.60...0.70 matter of weeks.
I am disciplined. In-fact, I haven't invested in penny stocks since 1996. with the exception of this and another one that I have a position on. Last year, I made a cool $68,000 on CDII with only a $3000 investment in a matter of 4 hours. I believe in this story, it looked to good to pass up on, one thing is very important to me, when it comes to penny stocks, if they are current on OTC, then I will take my chances. So far this year, this and another penny stocks I took a position on, otherwise, I only trade the big boards. Like AQXP, bought 2000 shares @$1.64 and sold it for $10.50, had KBIO at $9.25 1000 shares sold @37.50, bought RWLK @6.50 1000 shares sold @15.00, this is just a few. Of-course, not all of my trades have been executed perfectly, but last year I was up 400% and this year thus far, I am up already 300%. So, with that said, I believe in this story and I think, not believe, I think that this has more upside. Then again, I may be wrong, either way, I am already up 100% on this and I am going to let it ride to 0.30 and just maybe, if the reverse merger, if any has any merits, I'll hold till 0.70-1.00, depending on the trades that take place. I am not suggesting that you should consider this play, but, if you have no position, please refrain yourself from scare tactics.
Yes, yes, and yes. Some of us knew about this already, this is nothing new. Before I invested in this, I had already read that same article you posted and Grolden verified and gave me a good rebuttal. And yes I invested knowing and took a gamble on this. If I were you, you want to short this, I wouldn't, simply because it's a penny stock and it could go either way. You want to short, or buy cheaper shares, you are out of luck, try the big boards.
I'll be happy with a fraction of that. But, can you imagine. I think next week will tell the story on this baby. Just on speculation alone we should see something like 0.10 and when the merger is announced then a monster move to 0.30 within a couple of days. Then if the merger has any merits, then I see this going to $1.00 within a few weeks. I wouldn't believe what some of the people would say about this, but Grolden has done a tremendous amount of DD and much credit to him.
Has anybody traded TTII. I personally haven't, I read it on another board. TTII went from 0.03 to $6.00, yes "Six dollars" in a month. Pretty amazing if you ask me. I am not saying this will do the same, but, just a fraction of that is a possibility. Also any thoughts NVNT, like I said, I try to keep away from penny stocks, but I like the technology, just as much as I like the story with ASUV. But NVNT already up almost 7000%, I don't know if has anymore potential. Any insights would be greatly appreciated.
I will settle in the 0.30's. If I feel it has more upside potential after that, then I might wait it out longer, provided that there is a merger and if it has any substance to it. I am actually very impressed by it's performance, at this moment it's pure speculation. I think we might hit the 5's next week on speculation alone, but if any news about the merger then .10....20...30's, and if there is good substance to the merger then dollar land within a couple of months for sure.
Trade secret. Although, I admit that I revealed my position too. But, it's best to keep a low key. Don't show your cards to anyone. Aside from that, I was waiting for a pullback so that I can reload, but didn't happen. It looks like peeps make a move on this on the 1st and the 15th of the month with their paychecks. I wouldn't be surprised to see this fall back to the 3's. Also, I don't know if you have noticed, the more oil goes down, the more this thing stabilizes.
Hey peeps, please keep a low key. Don't let everyone know how many shares you have.
Tell me about it.
That's a good trade for you. I was going to do 250,000 shares, just didn't want to risk it. I see more upside with this though.
Close to it 125000 shares in @ 1.5
I'm still holding 1.5.
So you sold? Not bad of a return, a little over 200%.
You know it. Do you think it will retrace tomorrow after this run up?
74 is the lucky number 74 posts today and 74 followers. 0.74 that's the number this is going to aim for.
Someone wants to bail @3. Shame on you.
Lets get 2.5-2.7 million volume or possibly a 3 million.
How is everyone doing, especially Grolden?
Consolidating nicely. I am actually very impressed.
I don't know about 12 months, but 6 months sounds about right.
Big blocks are going to get slapped.
This ticker is done, the demise is there. Give it up and move on to something else on the big board. You will be holding this bag, when Rich the scam turns of the switch.
Selling 1 million shares for a measly $3000 won't support their lifestyle. Believe me, once a deal is done, it's going to be a beast. They want a home run too. They just need to do a deal, if the Rasan still bank rolling them, if not then this is screwed.
Only because of your due diligence, amazing find on your part. Thank you again.
Got my self 125,000 shares. Thanks for your DD.
It may very well be, I don't know that. If its dilution then it doesn't look good. Either way if its a dilution company should inform the shareholders on their website, like they did back in November. I personally think, retail investors are dumping because they don't want to wait anymore and took their loses and moved on. As for me I will hold and like I said, will add, if this drops below 3's like it did yesterday. I just plan on investing altogether $3000 and if I lose, then so be it.
I don't care if it does, I bought close to $1700, now I am down to $1300. But that's how it is with penny stocks and I chose to gamble with this. If it drops below 3's I will double down and hold. I don't know if you know about this ticker AREN, anyway, it went from 0.03-0.04 to over a dollar and they are in the same sector (oil and gas). I am not saying that it will payoff, but it's worth the gamble. There is a reason the insiders own more than 40%. The only that concerns me is that the upside might be short lived, given that they are not current on the OTC and if they come out with some significant news, they should release an 8k instantaneously to avoid a selloff.
Remember this folks. The closer oil gets to $20-25, the closer a purchase deal will be. From what I have gathered, when talking to Mr. Jalal, he said that they are waiting for oil to bottom out. He also mentioned a windmill in Argentina that they are looking at. They offered 24 million for the property in Texas, which the bank is not honoring, the bank wants 40 million for the property, with 19 wells and they are offering 24 million based on a $22 price of oil. They wholeheartedly believe that the Saudis have sufficient capital to feed their 30 million population and they believe that oil will go down to $20.00. I disagreed of-course. I can tell you this much, they are waiting to hit a home run too, just as much as any body that has a skin in the game. If there is no dilution and if the board and the directors hold vast majority of the shares in the OS then this is a no brainer, it will just take some time. He also said, if investors want to make a quick buck from here, they are better off going to Las Vegas.
because EGYH is small player.
It won't like that by end of the week. There will plenty shares available in the market place, it's going to make your head spin.
Not many want to sell doesn't mean shares are scarce. Come tomorrow or the next day, if no news, there won't be scarce shares anymore, most will dump and move on.
This conversation took place back in Oct/Nov last year. Somebody already copied and pasted my conversation from they Yahoo message board on this board already. If you look for it carefully, you will find it. I may also add, he also said he keeps telling other shareholders that "if want to become rich overnight, they are better off going to Las Vegas."
If oil hasn't bottomed yet, then this thing is still alive. If oil has stabilized and it's in the uptrend, they need to make a deal, at the latest within 2 months. If they don't make a deal within the next couple of months and oil doesn't drop to $20.00 at least this is what they think, then this is losing proposition. Either way, I am willing to round it off to a million shares, for a lack of better analogy, some pluck you money.