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Good deal and thanks!
GM all. Mach, how's your karma and confidence
in PYST this morning?
Your DD on XLPI was prior to their news, when it was lingering at .01-.013. We all saw what happened. : )
Thanks,
Bo
lipopog,
The best structural engineer I ever worked with, worked by himself for years then took on 2 solid engineers to continue his firm's work as he neared retirement.
Milan is the gentleman I'm referring to (ommitting his last name) and was a one man show. He taught at universities, was published, secured work for bridges and structures in the City of Pittsburgh, was honored with awards and national appointments to professional associations. The list goes on, and even though he was the most unpretentious man in other issues, exuded 10,000% confidence in his work. He never lost a trial which he was called to testify, EVER. I've sat throught many court cases and arbitration hearings, but only saw him twice on two cases I took to trial. When that grand wise man took the stand, the presence level was immediate and in 20 minutes had every single person in that room mesmerized and wanting him to say more. And the one case of mine, the plaintiff counsel was loud and obnoxious anyway...well the 30 minute exchange with Milan made the temperature in the courtroom raise at least 5 degrees. I was on the edge of my seat with every exchange. You know in basketball games where the ref 'let's em play'? Well the judge let them have their heated debate, which was really more like Milan not only crushing every argument of plaintiff counsel, but by the end basically making counsel feel small for ever wasting the jury's time. It was amazing and will never see presence in a courtroom like that again.
I spew all of that to say this. All through my life, even as a young man I loved to look directly in the eyes of older wise men who have done great things and pick nuggets of what life had taught them.
Mr. Hughes was a one man show. Mr. Meheu can be considered the same. They did pretty well don't you think? An experienced counsel in his late 50's who has won the trust of Mr. Meheu is good enough for me. Certainly no one can find any fault in this counsel as he certainly has begun the filing process promptly, one man show or not.
I work very well in committee's ONLY BECAUSE THAT IS WHAT CORPORATE CULTURE HAS SIGNED ONTO. However, I think management by committee and endless meetings will NEVER outperform one smart man who makes decisions with the input of a few key people. I respect a man who himself knows what to do and has the ability to get it done.
Bo
Called DNDN's T/A.
Spoke to him at 6:05pm
206-829-1510
They were not surprised at the price drop for 2 technical factors that were occuring today.
He stated options @ $7.50 expire tomorrow and many were excercising them. However, he states there is a 20% short position in the company. Absent of the options that are coming due, today's news would have exploded any short position, and covering plus new buys would have move the stock price. He referred me to the strong first 10-15 minutes in pre-market, followed by the daily trickle down. Shorts, knowing options were coming due used this to scare those needing to excecise options by tomorrow by a strong shorting effort. He expects this to end sometime tomorrow. He does state that there was a very high volume of new buys today along with options being excercised today.
Three notes to this: The options were options for existing shares on the market, not an issuance of new shares. His tone was even clearer than his words that new share issuance is not part of any plan he believes will occur to his knowledge. He does believe their stock is undervalued and was not at liberty to state where he felt the pps should be after today's news.
Second, even with the technical factors influencing trading today the news was planned to go out, and had to go out, to precede this weekend's conference.
Third and finally, even though this weekend will be a presentation of final data at the UCal symposium, there will still be other underlying information to be presented to the medical community about this even after this weekend. More important, he clarified that this weekend focuses on Study DD901 only. He states DD902 is in the pivitol Phase III trial and although was very profesiional not to give detailed information, he stated they are encouraged and more information will be coming in the near future about DD902 as well. Overall they are getting the results they need, doing the right things and getting a good response from the medical community.
A conference call is set for 2-22 as stated in today's pr.
He said it would be worth listening to for anyone interested in the company. 1-877-502-9276 9am ET on Tuesday, 2-22.
Bo
CMKX Thoughts.
CMKX under Mr. Maheu is going to be a different company than we are used to seeing...in the best way.
I deleted something from a post last week because I didn't want anyone to think I was taking cheap shots or bashing. Think not of the money that was trickled away in our portfolios last year and early this year but more so, the tremdous amount of time (hundreds of hours!) that we all spent trying to connect a puzzle and speak of theories which likely don't even exist. Time and life are so precious, and I personally feel way to much of it was spent here about so many unknowns.
So thank God we may be seeing a new CMKX. Thank God for a man of action and decisiveness. Thank God for Urban who is even a bigger man to allow Mr. Meheu a co-leadership role in this effort.
As for the filing. It may be very bad, or it may be surprisingly good. Either way Mr. Meheu has my respect for assessing the situation at hand and making bold decisions to move forward.
If the past two weeks are an example of his leadership, the company is going to be well managed. I truly expect him to project the same honesty in the status of the company's holdings and mineral claims. Seeing his bold action these past 2 weeks, that is exactly what he intends to do. Because they will be filing, there is no choice except to reveal their assets and claims.
He and CMKX certainly responded quickly to my post earlier today.
They seem to be steps ahead of me however. This will be interesting to see it play out.
Kudos on your first 2 weeks Mr. Meheu.
Bo
rtnoel, before I give credence to your post
or repost, I have a few points to bring up and questions. If you caught me this morning, you'd have caught me in a more friendly tone, but seeing the 2 holdings I have suck in the afternoon as well, excuse me if I sound not to thrilled.
Number 1, SFX Entertainment was sold to Clear Channel 5 years ago (August 1, 2000), so the reference in the post has me doubting this person found any phone number or listing for SFX Entertainment.
Second, I very much doubt an indivdual investor can directly speak with the CFO of a major corporation to simply shoot the shit. I've been on the top floors of the mid-sized companies I've worked for. Such calls would be filtered instantly to a low level IR rep.
Last, even if the person did speak with the CFO of Clear Channel I'd guarantee, no I would bet you $100,000 that Thomas Benson isn't the CFO of Clear Channel. CFO Ed Stacey might even be taking you up on the same bet.
_______________________________________________________________
Clear Channel Communications
Contact Information
Address: 220 W. 42nd St.
New York, NY 10036
Phone: 917-421-4000
Fax: 917-421-5673
Financial Highlights
Fiscal Year End: December
Revenue (2003): 2646.90 M
Revenue Growth (1 yr): 8.20%
Employees (2003): 3,600
Key People
• Chairman and CEO: Brian Becker
• COO: Miles Wilkin
• CFO and Chief Administrative Officer: Ed Stacey
_______________________________________________________________
Now, I don't know the relationship, if any, that Thomas Benson has with Mr. Silverman or Clear Channel. I do know this, he certainly isn't the CFO of a company which doesn't exist.
Need proof, here's the link and text of the last witten about Thomas Benson.
http://www.highfivetix.org/Aspx/AboutHigh5/BoardOfDirectors.aspx
THOMAS BENSON currently serves as the EVP & CFO of FXM, Inc., an entity that is acquiring companies in the entertainment business. Mr. Benson served as VP & CFO of SFX Entertainment, Inc., the world's largest live entertainment company, from its formation in 1997 until its sale to Clear Channel Communications, Inc. in 2000. At SFX, Mr. Benson played a leading role in building the company through over 50 acquisitions during a three-year period. From 1996 until 1998 Mr. Benson was VP & CFO of SFX Broadcasting, Inc., one of the nation's ten largest radio station groups. Prior to joining SFX Broadcasting, Mr. Benson spent one year as Vice President Ü External and International Reporting for American Express Travel Related Services, Inc. and eleven years at Ernst & Young LLP where he worked primarily with media and entertainment clients. Mr. Benson holds a BS degree in Accounting from Binghamton University and an M.B.A. in Finance from Columbia Business School.
_______________________________________________________________
I do not know how old this BOD information is, but in my short search I have found little to no information of FXM, Inc. FXM was supposed to be a type of super-management company Mr. Silverman wanted as part of the 2000 deal to fold into, but there were rumblings and problems with the deal. It is not clear whether FXM ever became established.
Before such information like that is spewed, facts need to be straight and certainly some greater detail of the contact needs to be made before I'll buy into such posts. Not saying that it didn't occur, but the post is factually wrong and hard for me to believe that actual contact was made. Provide a number for him and it can be further sourced.
Finally, the most vital question is whether current SPEA shareholders will be protected when the new company is formed. That is why I am surprised at the recent move without such confirmation.
If you would have basic names and facts straight and not wrong by 5 years, plus how you reached Mr. Benson that's one thing. Based on the inacuracies of your post, I need way more than what was offered there to believe it or be assured that current investors are protected.
Bo
One more DNDN DD
Say DNDN DD five times fast. That's right up there with 'toy boat'. lol
Quoting from the pr:
"The survival benefit seen with Provenge is the largest ever reported in this patient population with any therapy," said Dr. Small. "This survival benefit, combined with a favorable safety profile, has the potential to provide an important new treatment option for prostate cancer patients."
They have presented peliminary data to some very impressive panels. Last month they presented peliminary data to J.P. Morgan's Healthcare Symposium. On Saturday, the FINAL DATA will be presented to the University of California's Symposium on Prostate Cancer.
Finally, Provenge has a 'Fast Track Designation' and this trial has been under a 'Special Protocol Assessment Agreement' with the US Food and Drug Administration.
Later all,
Bo
Laughing here as I type woodrots.
lolol
My 12 year old son hasn't surprised me with anything like that yet.
I stress the word "Y E T".
Be well buddy,
Bo
DNDN $7.86. Traded in the teens much of last year.
11 News Headlines have covered this story so far and it's only noon. This is on top of their pr & filing of their pr with the SEC.
Is there any more proof needed manipulation is in every market venue? The big boys can try as they might to shake me from shares. Sorry guys, I'm not selling my shares even if you manipulate it down to 5 bucks. You might as well let it run like it should have.
Bo
wood buddy, deep breaths ready? iiiinnn & now oooouut.
J/K : )...it's been a buzzless day here. I'm not a computer geek but maybe it was your A:drive or some sound blip that surfaced for no reason from something your kiddos downloaded or listened too.
It guess it could be IHUB too, but I've haven't heard the IHUB fly yet.
Hope it's temporary and nothing serious,
Bo
Zen, know what would be a great sign,
is if Mr. Maheu already recognizes the importance of communication to such a large base of shareholders and follows up to clarify exactly what today's filing means
in terms exactly what you mentioned, and continues that practice as doing good business and recognizing the fiduciary responsibility they have to 50,000 shareholders. It kills me when people say "they are in the pinks, they owe us nothing".
They only don't have to filed registered reports to the SEC, it does not mean lying or defrauding investors. The SEC will be on them or any company (pink or not) like white on rice.
Ask MLON.
It doesn't have to be a pr and doesn't have to reveal the nitty-gritty stradegy, rather possibly an open letter to the shareholders explaining what to expect in terms of a timetable for filing among other things. If it is indeed 60 days, then he could mention such filing will take place on or before this 60 day period. Again, not to tip their hand or hold investors' hands, rather a gesture of goodwill to the shareholders and prospective investors to show a mark of his leadership and the stark contrast to what was seen in the past.
Why am I posting this on a stock I don't even own? I have no clue..lol I'm so used to my stocks taking a morning dump anymore, so I'm bored and genuinely curious. I've read the makings of industry giants all my life and LOVE the stories of bold, fresh leadership throughout business history.
So I'm watching part of this with eyes of a child at Mr. Maheu's leadership skills and techniques. I would truly love to meet him and be honored with an hour of his time in coversation.
My plays always seem to come alive big-time in the afternoon, so thought I'd post here before my afternoon hyperventaliation starts when they start running. lol
Maybe days I don't have appt's I should sleep til noon.
Bo : )
LOL will! I'll title it
"Short Sell Every Call I Make"
subtitle - 'MM's Decide Who Lives or Dies'
J/K I know some of my calls hit, but ones like AVEE, DNDN, CYOS and KNOH blow me away on lack of movement and suspected manipulation to stop runs. Maybe I need to hold some plays longer huh?
SPEA is stroking out (called it at $1.35 - currently $22.50) and KNOH (called it at ~$1.15 - currently $1.85 and was well over $2 this earlier week).
So maybe I need to ride a few waves on this one. All I know is buying interest is huge in DNDN (volume now 7 times the daily average). I believe the majority of people buying into this are holding their shares and we may see a natural squeeze (not short squeeze). Being the NASDAQ, it is computer traded, but brokers and MM's still can control trading for their own purposes or to create a fluid stable market when demand for shares rises. Watch for the drying up of shares through the day, and certainly recognition of the value of this pr.
(Just peeked 10 minutes after I posted this...now at 8.18 and approaching 8 times the volume. Soon it might show red for the day....L M A O. Yes sports fans there is no manipulation here at all)
We need a good ole' PYST run like we've seen in past days to get us smiling and upright again. : )
Bo
Let's see...
A company announces it has a vaccine to save the lives of people around the world 3 times better and safer than current ineffective treatment and it's not even up 5%. Further, when I posted it, DNDN was running hard and LESS THAN 2 MINUTES after I posted it (bought in at 8.85 and was still running), it u-turned at 9.02 and even though buys were coming in, the price goes down? A company that has a medical breakthrough in one of the most deadly forms of cancer for men is now down 7-8% from where it opened pre-market?
The kiss of death continues. They either need shares or I must be screwed up in my thinking anymore, or they are watching what certain people post (namely me). Minscule medical news moves big boards stocks 20-50% OFTEN. This isn't miniscule medical news.
Further this is the only company that I'm aware of that files EVERY pr with the SEC in an 8-K. Talk about impressive in being compliant in their reporting.
Volume today at 10am is 6 TIMES the daily average volume...and this stock sits there??
Yep, that makes perfect sense. There is no manipulation here at all. riiiight
Bo
DNDN - NASDAQ
AP, USA Today, NY Times and others feature this news story. Important and amazing announcement. Low o/s.
If you consider this as a play, strongly consider entering in pre-market trading....very soon!
_______________________________________________________________
Vaccine may extend life for prostate cancer patients
By Liz Szabo, USA TODAY
In a milestone in the race to make an effective cancer vaccine, scientists announced Wednesday that an experimental vaccine prolongs survival in men with advanced prostate tumors.
Doctors present findings on a new and promising prostate cancer treatment.
By Todd Plitt, USA TODAY
The Provenge vaccine, made by Seattle-based Dendreon Corp., is an important achievement in the 20-year struggle to develop a cancer vaccine, says Eric Small, a professor of medicine at the University of California-San Francisco who led the study. He will present his findings Saturday in Orlando at the 2005 Multidisciplinary Prostate Cancer Symposium.
The company-financed study focused on 127 patients with advanced cancer that did not respond to hormone therapy, a standard treatment, Small says. After three years, 34% of patients on Provenge were alive, compared with 11% of those who took a placebo. Men who took Provenge lived an average of nearly 26 months, or 41/2 months longer than the others. Although that might not sound significant, doctors note that advanced cancer treatments are commonly approved by the Food and Drug Administration even if they extend survival by just a few months.
Nicholas Vogelzang, director of the Nevada Cancer Institute, cautions that the trial was small and that patients appeared to be healthier than average. Vogelzang, who also will present research at the symposium, says the trial doesn't yet prove that vaccines are more effective than approved treatments, such as chemotherapy. Yet if Provenge were available today, he would consider it for his patients. "It's safe and it may be positive, so there's little to lose," he says.
Dendreon's top executive, Mitchell Gold, says his company will work with the FDA to bring the vaccine to market as quickly as possible. Gold says the most common side effects caused by Provenge are mild flu-like symptoms that go away in a day or two.
Unlike traditional vaccines, which aim to prevent disease, cancer vaccines aim to treat existing tumors by boosting the immune system, Small says.
The American Cancer Society estimates that more than 232,000 men will be diagnosed with prostate cancer this year, and more than 30,000 will die from it.
lana, thank you and nice post!
My next post is going to be one I found already and those interested to consider getting in NASDAQ pre-market.
Again thank very very much, and like you I too learn everyday from many here.
Bo
BadBass, I never thought I'd see the day
where I say...I have CMKX on close watch.
LOL
Here's the skinny IMO. My last post about CMKX mentioned simply they HAVE to gain credibility QUICK and the only way to lay a foundation is to file. I have no doubt IBM strongly recommended the same whether the filing is good, bad or ugly.
The thing I cautioned about way back, when I wasted 100% of my time following this stock is that just because they file, does not mean it will rise above .0001/.0002. There are a quite a few companies which report and trade under .0005.
If there o/s is 770b and they have nothing to report of value from the FALC region, it may go to no bid. But at least that is a base to start from and grow from there. On the other hand if they report <100b o/s and that efforts have moved beyond drilling 2 inch bore holes, then it could move to the level it did last year (.001-.0013).
But value is the key. With it they move. Without it they don't.
Knowing the o/s and land value is a key start even if it's ugly.
IBM has shown me more in 2 weeks than I've seen from the 2 years of pr's we were supposed to look at.
Action, not words grows companies and stock price. So far Mr. Meheu is 2 for 2. First, is replacing or supplying Glenn with true high powered attornies. Glenn's past seems he is more a theoretical counsel (brains behind the braun), than a strong results oriented attorney. Second, is what appears to be a step toward filing. Damn good in my opinion for being on board 2 weeks.
I'll be watching them for sure. : )
Bo
To clarify, joker states this was a repost from RB.
He posted this clarification after what I just copied in my last post. He didn't call himself but apparently someone else did.
Bo
_________________________________________________________________
Posted by: jokerwild477
In reply to: jokerwild477 who wrote msg# 208927 Date:2/16/2005 5:30:13 PM
Post #of 208929
copied from RB I did not call TA myself.......someone asked last night ......
BVLE...Posted by: jokerwild477
In reply to: None Date:2/16/2005 5:27:28 PM
Post #of 208927
>BVLE< just spoke with T/A. Float only 6.1 million shares!!
O/S count is still only 39.7 million... that is only up 2 million since Nov. 04!!!! Company was not dumping at all today IMHO. MMs just shook out some weak hands... BVLE should pop tomorrow. Good luck.
Hyperventilation commencing.
CNCN on fire
PYST writing is on the wall. (wall = Mach's post)
PYST heeyaaah! (whip craking in background)
And I don't even ride a horse, just motorcycles and jetskis..lol.
Good deal LMM. TY!
PYST L2?
MLHP-Hold tight. MM's froze trading not allowing
any buys at or above the .16. All of a sudden allowing buys at the bid and strong armed the bid.
See it again and again....and again. They didn't have shares and this is the only way to get them.
IMO
CNCN, run like the wind you dirty pup.
If it doesn't I might get pyst off. : P
Couldn't resist. Bo : )
MLHP, nice call and DD Kasha.
PYST-Let's roll buddy. Buckled in tight.
: )I hear ya. I'm trying to keep my composure over
what the MM's did to CYOS yesterday and today.
The perfect example of what I mean when they say MM's decide who lives or dies.
There is zero difference between yesterday and today. Nothing, zip, nada. No new news or events since yesterday's pr. They ALLOWED this to run to .008 and froze it collecting all the buys (including mine) then strong-armed the bid down to scare people (including me, out at a 15% loss). Then today, with nothing else being different, ALLOW it to run to whatever the hell it is now. This run could have easily occurred yesterday if they chose to let it run. unreal.
Investors are very very wrong if they say their buys and sells move the market. It is the MM's only who ALLOW runs and use techniques to freeze trading and begin influencing people to sell walking prices down that tell the tale.
The same MM's that let BVLE run like a twin turbo the last 20 minutes of trading are the same MM's who have strangled it all day. I tried to play it, instead MM's played me like a song. In the 2 trades I tried, I bought in at the absolute highest price (when a run was happening) and sold at the absolute bottom. LOL
CNCN has helped U-turn this day big time. I got in before I had to leave this morning and glad I did. A plus day is going to be tough, but certainly not out of the question because of CNCN.
Venting complete...lol. Turning the TDEM Stock Picker/Scanner on high for the rest of the day.
Bo : )
Mach, I meant yesterday's news.
Just got back in here. I'm sorry about that. My brain to finger connection was obviously still waking up. : )
From your conversation, it seems much more is to come just ahead.
Bo
Mach, PYST is nice. Today's news was good.
Was this news the he was referencing in your conversation? By his comments to you, it seems there is more to come next week of significant value.
Bo
penny_ta. TY!. Jim Bishop can you help us here?
Your experience at this market seems to span a few years, maybe more than you want to admit. LOL j/k
Is what penny_ta saying true about a company not being allowed to dilute if they have an 'E' on it? I'll start searching myself although I have appoitnments beginning mid-morning. I thought you might have some experience with this situation.
Between that fact and whether Mach or I can get through to the company itself may still allow us to see strong upward movement. We only have to look back as far as October to see trading between .10-.30.
If penny's comment about the 'E' is true, Mach and I can ask the company an additional question about the 'E' and specifically what timetable do they see the "E" coming down.
Here is my thought. If Jim or anyone can DD the answer to penny_ta's question and what penny states is true, then an answer from the company to how long do they forsee the 'E' remaining becomes vital.
Here's why...if the company states it could be another month or two before they become compliant for the 'E' to be removed, the time TECHNICALLY and LEGALLY should run out on the SHO listing. Meaning, we are obviously seeing more shares traded than the T/A lists as outstanding. After day 13 they are required to bring GKLCE into balance. If the company confirms the 1.9m o/s amount PLUS a period of 1-2 months before the E comes off then....
....there is our window. After day 13, or maybe even before, a forced cover and run similar to October is a real possibility.
If the answer to penny's question is the opposite (that companies CAN dilute even when the 'E' is up) then we are still back to asking the company the questions I posted last night.
If someone thinks I'm wrong, please tell me. Certainly open to all views here. This is definitely a unique situation but with penny's post, one that still with some work on our part could throw that window of opportunity wide open for us. : )
Again, I know their history on share issuance but if by law they are not allowed to dilute with an 'E' AND they are estimating 1-2 months before it's removed, this has the makings of a repeat of October with every day closer to day 13 of the SHO listing.
Bo
Mach your work at talking and communicating
with the presidents of some of these companies via e-mail is key in so many ways.
Great stuff!
BTW, TRBY of awhile back has traded 100% higher than when you first mentioned it. With your PYST post today, I have this on real close watch and I expect market pressure to take over as next week gets closer. : )
Maybe you can take a crack at calling GLKCE. My six calls have haven't been returned. Trust me, no hard feelings if you get through. I am wanting to know if they have or plan to dilute in the near future, and if their answer is no ask if they are aware of the huge short position in their stock and if they confirm like their T/A that the o/s is 1.9 million.
Those answers remain key to a potential short term explosion in share price. I am well aware of their dilition history and certainly wouldn't marry the stock, but still curious to know if there is a window of opportunity there.
Bo
narvo, this isn't to say that a play
like CMKX won't be good someday, and holding it may be a very wise decision.
If it pops and runs, I won't catch the .0001 or .0002 train but I will jump on that train even if it's moving fast. : )
They simply have to report, good or bad...770b shares or 70b shares. Good income or bad income. They need to in order to build a base, a starting point, a foundation on which to grow as a company and a tradable stock. Hell, it's at .0001 and .0002. I don't think the market will be scared if the o/s is high. It's already treading as if the o/s is confirmed at the high level. So CMKX needs to report to lay the vital foundation to build upon. They seem to have quite a bit of explorable land, important backing and now possibly strong leadership in Mr. Meheu. I simply see the process of bulk mining taking a good bit of time before it can be determined if the subject area is minable(possibly 1-2 years). Now if they buy into something great, or the Gold and Uranium claims produce REAL income the market will take notice.
I post this just because many are still in CMKX and I still see the potential. They simply have to get their act together and share structure in order, QUICK. This clustered elusive mess has gone too long. If they delay reporting or establishing credibility then I'm honestly not sure how it will pan out.
Sitting by and seeing so many great plays day after day go by while I sat woke me up to thinking differently a couple months back, and have been trying to act and build upon it in learning, sharing and now setting goals and patiently meeting them.
Bo
Mach, thanks. Last year it was different
because I held on too long to plays that frankly got played out. I got interested in the small market 1 1/2 years ago when I stumbled onto BLYC and in early January saw the incredible run up and follow up buzz about IBZT. Then came SSWH, then came CMKX. I traded some plays and did very well in some and not so well in others. Luckily I sold BLYC when it was fading back but still at .072, but still held them too long.
With IBZT I didn't know about good entries and smart profit taking sells. I got sucked into the similar hopes of many that 1 play was going to lead to retirement and IBZT was that play. Again, held too long and saw the goods and bads of this market real quick. It was and is a culture. Fortunately I think it is much heathier culture overall than a year ago.
Along came SSWH and CMKX. Held them like they were the winning lottery ticket and I refused to let go. All the while I kept seeing awesome opportunities go by and more and more realizing there are extremely sound, promising companies at this level which provide some great opportunities for us all.
In November I closed my position in SSWH and in December I did the same with CMKX. In December began setting up the screens I needed to maked the best and quickest decisions on the majority of trades. EDGAR, CBSMarketWatch, PinkSheets, BigCharts, Streaming PRNewswire and BusinessWire, IHUB and Allstocks boards and the broker's screen.
I began watching the news and the boards like a hawk, quickly DD'ing every play I found in the news and MANY plays mentioned on scanning the boards. As a result, good trade began to follow good trade.
Enter 2005, where MANY on this board have provided some very hot plays. No, not everyone is a runner but the ones some of us have pointed out have been sound, exciting and very profitable. Still trading good plays, but stupid me knowingly taking chances and only keeping track of my returns BUT NOT SETTING GOALS.
In comes the post (I can't even remember who posted it) that was a copy and paste of Sterlings. I said it was reposted a month ago, but thinking more it was only 2 to 2 1/2 weeks ago. It was a repost of something he wrote earlier last year.
That post and applying to what seek out here fit exactly what I needed. It inspired my hopes of doing very well in this market, but doing so slowly and patiently. Now my attitude is a gain of $20 or $500 is a good day. Being in the plus column is the key. Getting to the next rung on the "doubling ladder" is the goal. Now to me, A loss of $100 or $200 in a trade is not the end of the world. Losing $200 in CYOS this morning only made me more focused. BVLE and AVEE came along, but if they didn't I vowed not to push any panic button even if it meant not making another trade today.
4, 8, 16, 32, 64, 128, 256.
Each level is reached by making the same smart trades with 60-70% in each play. Each interval is achievable as I seek the same percentage gains at each level.
If it takes 2 hours to double my money to the next level, great. If it takes me 3 weeks or 6 weeks to double to the next level that is very fine too. Having that PATIENCE and keep focusing on a 'plus day' is the key. Some turn trades around quick, while others hold to see certain news or reach certain price levels. How you get there is one's own choice and action plan.
1) Patience...waiting for the right play for my risk level.
2) Early Entry...seizing opportunity &/or momentum at the earliest time and now,
3) Goal setting using the 'Seven Rung Theory' and 'Plus Days' to are what I have humbly learned and applied.
I pray there is something each day that we will learn to make us better investors and traders. Humbly the foundation is just about built here. Now the plan is to patiently build up to the sky...one rung at a time.
The response to this post could easily be..."thanks, who asked ya?" It was offered because plays that many have offered (beyond my own picks) helped me greatly this year so far. I thought maybe offering insight on my last 3 months (and last year and a half) could help others. Goal setting is helping me greatly in short order and thought sharing it might benefit us all.
My soapbox time is up. : )
Bo
Mach, thanks. Like LMRI says, been watching
things like a hawk. At least trying to.
What do you think of my earlie post to you? More specific what Sterling had brought up last year and how I think we can apply it to our own goals.
http://www.investorshub.com/boards/read_msg.asp?message_id=5445887
GTG for now.
Bo
LMRI, it is definitely a pressure cooker.
As this gets closer to next week this should get better by the trade. : )
Excellent work by Mach. Bo
ski, I sold 2500 shares @ .79 and was lucky to
get back in with 500. I have no clue at what price..lol I haven't even looked yet. I was trying to buy 3000 and got only 500 filled which is fine by me.
ok peeked, got the 500 at 1.08...whew.
I was excited about BVLE when I posted it, but honestly AVEE had me stoked given the ultra-low float and great fundamentals with no volume to speak of prior to today.
Will be thanking God for the sweet turnaround today. Like a goof, made a very late entry in CYOS this morning. I sensed .008 was too late and was all over the cancel button but got filled before I could nix it. Sold out at .0072. Stupid play and stupid entry and I knew it.
Anyway...kiddos are good. Mark it down, neither of them has an activity tonight! LOL
Hope you and your wife are skiing and smiling alot!
Bo
1.24/1.25!...1.37/1.38...1.40/1.41...1.45/1.48
BVLE is on fire. Their gap will be crazy.
Happily sold at .79, but wow!
I'm trying to get back in and can't. Done chasing for now lmao
Wow
Bo
Mach, great news and post. Thank you!
PYST is certainly a play to watch closely. So many great plays right now. More than I've seen in quite sometime. BVLE has treated me more than right today. Got in with 2500 shares at .60 and out at .79. This still may pop in the morning gap and continue to run.
AVEE was on the run, then MM's froze it and put it in a necklock sleeper walk backward. I was up $300 on them when it was 1.60's and thought it would continue. When I turned the computer back on I sold it where I bought in at 1.40...damn lol.
OT: About a month ago, someone posted an old post from Sterling about how it only takes 7 times doubling your money from a very modest amount to amass a nice nest egg. I've used the "7 steps theory" (I'm calling it that) to discipline my trading and it has worked wonders.
For example, starting with $2000.00, if you doubled your money just 7 times, the total is $256,000
1)4k
2)8k
3)16k
4)32k
5)64k
6)128K
9)256k
I've tried to apply this wisely knowing that finding a single play for a quick double is very hard. In my opinion it is foolish to apply this theory trying to look for such quick doubles. You'll end up losing. Instead I am focusing on attaining the next level in the "doubling cycle" in a disciplined and patient way. If it takes 1 or 2 weeks to attain the next level (ex. 4,000 to 8,000), so be it. I'm trying to risk only about 60-70% of my portfolio in a solid play.
I started this last Thursday starting, and with XLPI, PYST and BVLE have made a nice start up the 7 rung ladder. This, even though I've made 2 losing trades and one non-profitable one during this time. I try to limit the losses quick and simply regroup.
Only offering this as a help and certainly not a boast. His 7 rung theory is very attainable in this market. Being patient in getting to the next step though is the key. Last 2 days was a net +$350.00 so far, which isn't the magic 100% to get me to the next rung, but I'm hoping that through patience and exciting plays I can see that next rung by the end of the week.
Off to look for good bell plays. If they aren't there I'm not going to force a buy. Patience and simply wait for tomorrow. : )
FWIW...thought it might help some focus on setting goals in their trading. It's helped me greatly.
Bo
Bidville's Online Activity Soars as eBay Raises Online Fees
Tuesday February 15, 11:16 am ET
CLEARWATER, Fla.--(BUSINESS WIRE)--Feb. 15, 2005--Bidville, Inc. (OTCBB:BVLE - News), a rapidly growing online auction company and an alternative to eBay (Nasdaq:EBAY - News), has announced today that it has seen significant growth and activity on its site and is benefiting from recent fee increases reported by eBay. Bidville does not charge listing fees and its final success fees are competitively lower than other auction sites. Bidville has realized notable growth particularly throughout the last year in the areas of registered users, increasing over 1,000% to almost one million members. In addition, items listed daily on the website have increased over 170% to approximately three million items.
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This expansion has included 7,200 categories for sellers to choose from and the successful launch of Bidville Stores in November 2004. Currently, Bidville has over 570 storefronts. The addition of Bidville Stores to the website, along with existing functionalities, has provided Bidville with a full complement of effective functionalities to meet all the needs of its buyer and seller community. "Bidville's venue globally represents an efficient and viable auction and fixed price marketplace for buyers and sellers to conduct and complete e-commerce successfully," Palandro further stated.
Additions to the web site include a newly redesigned investor relations page, which features recent TV and news segments about Bidville, as well as direct links to the company's SEC filings and press releases.
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Bidville, Inc., a Nevada corporation, was founded in 1999 as an on-line auction alternative to eBay. The company provides unique user features, such as Storefronts, Watch List, Image Gallery, and fixed price listing options. Bidville is headquartered in Clearwater, Florida U.S.A. For further Company and product information, please visit the Company's website at http://www.bidville.com. Additional information, including current financial data, is available in current Securities and Exchange Commission filings.