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Good question. Who had that 10 million and why did they give it back. As far as being behind. Projections are just that, projections. You make a plan, you make projections. But they are seldom met. Even if every one in this company was a number 2 man in their prior company. It is not the same as number one. As I said in a prior post. In the 18 start ups I financed. Only one made it to scale in 18 months. For me, they got 12 more months. At that point. I may be forced to take a drink of a adult beverage. Turn the page over and look at the next race. If you ever think of starting your own company. When you go to the bank. If the first question you are asked is, how much money do you have ? Look for a different bank. The first thing you be asked is HOW MUCH EXPERIENCE DO YOU HAVE IN WHAT YOUR TRYING TO ACCOMPLISH.
Why post, when I have nothing to offer.
Funny things happen on the way to the Forum. Now is the time you will find out what you are made of. If your expectations are not met.
Means nothing right now. They get the first 3 months for free. If they are still here 6 months from now. THEN WE GOT A BALL GAME.
I will give you not happening to plan. Back in the 70s. A new little computer stock ( I can not remember what they did ) was going public. The main man rings the bell and the stock takes off, closes more than double. Early the next day I am on a plane to England. Three days later I find out. After the close he goes out and gets drunk. Kills himself in a car accident. The stocks at a buck. NOT PART OF THE PLAN.
At that point the stock can move to a better exchange. I like the New York. Stops all the naked shorts. You will see and know 10 times more about the company and it's chances. At 3 dollars some of the funds can then buy it. At 5 dollars it is no longer Blue Sky and any broker can recommend it.
I am at 500,000. I will add 500,000 more at 2.00, or around there.
12,500,000 My shares are not for sale.
On 4-2-2020 post 6703 I said 90 days and we will know what we have. That is July 2. At the time I never thought of it. But that is our wedding anniversary. I should have remembered it. Because at that time we were celebrating 7 happy years of marriage. At that time. I thought that 7 out of 50 was a pretty good average.
Hope your right. I still keep on buying a few. I am way over 300,000 now.
The math says it is the same.
What am I missing. If you get 4 shares of uvxy for 1 of these. Why stay here ?
That only works for them. As long as you take your profits and continue to buy. Items of perceived value instead of intrinsic value.
It will survive. It will take a long time. I saw this time and time again. In all the start ups I invested in. The people that start them, want total control. But lack the knowledge to take them where they want to go. Then run out of money and have to give up control. Then is when the company moves forward.
Please stop equating the stock market with the economy. The stock market is only an indicator of the amount of money in the world with no place to go. It is as simple as that. I should stop now. But let us say you have 50 million dollars. Where would put it. Real estate. Bonds at 2 %. In banks all over the world that charge you from 1/2 to 1 percent to take it.
Impossible to make. There are always forces in motion that we are not privy too.The make up of the market is always in flux. Point, far less individual stocks to trade. It may be true that names change and faces change. But the game is always the same. But the forces that make the market, change far more. Cycles become elongated. By people living longer. More disposable income. Look at all the Dot com billions. The Market it self changed. The up tick rule made it better for the little guy. Than it was removed. In my opinion it should have stayed. It is now easy to run the stops. Charts help a ton. But the public is lazy. They want a magic bullet. When what they need is a ton of discipline and tight stops. After all that. My best guess is to buy now. A ton of money has changed hands to get this baby up. It has to rest soon.
Best of luck to all.
The trouble with being the DEVILS ADVOCATE. If you bet a million dollars the world will end next Monday,and are right. HOW DO YOU COLLECT.
As always. It is a war of attrition over reality versus politics.
This is the first time in history That the average man has a chance to make money in the stock market. With as little as a thousand dollars and a ton of discipline, he can play this game. Back in the 60s. The bid and ask would be .25 to .50. They would charge you 200 dollars to buy. 200 dollars,plus a percentage to sell if it was a winning trade. It was impossible for the average man to trade.
Earths or Saturn's.
I feel like the Maytag repair man. I bought today and appear to be the only one left here.
You forgot DOG PLAYERS. If we walk out of track EVEN, we fell like we KILLED them today. Only takes 3 races to get a year's worth of HUMILITY.
For what it is worth. Being a commodity trader from back in the 60's. We always said the break trough happens 75% of the time on the third attempt. Which is your forth bump. But keep in mind that these are perilous times. The Government PLUNGE protection team is looking at the same lines as you are. They will try to defend it. Best of luck to all.
I bought some more.
I know nothing. But it looks like it is at the top of the bounce.
I am joining you in a very small way. But as soon as we get the VIX over 40, I will add.
All I know is you should KNOW the rules of the game your playing.
Very interesting.
Continuous Net Settlement - The third tier of counterfeiting occurs at the DTC level. The Depository Trust and Clearing Corporation (DTCC) is a holding company owned by the major broker dealers, and has four subsidiaries. The subsidiaries that are of interest are the Depository Trust Company (DTC) and the National Securities Clearing Corporation (NSCC). The DTC has an account for each broker dealer, which is further broken down to each customer of that broker dealer. These accounts are electronic entries. Ninety seven percent of the actual stock certificates are in the vault at the DTC with the DTC nominee's name on them. The NSCC processes transactions, provides the broker dealers with a central clearing source, and operates the stock borrow program.
When a broker dealer processes the sale of a short share, the broker dealer has three days to deliver a borrowed share to the purchaser and the purchaser has three days to deliver the money. In the old days, if the buyer did not receive his shares by settlement day, three days after the trade, he took his money back and undid the transaction. When the stock borrow program and electronic transfers were put in place in 1981, this all changed. At that point the NSCC guaranteed the performance of the buyers and sellers and would settle the transaction even though the seller was now a fail-to-deliver on the shares he sold. The buyer has a counterfeit share in his account, but the NSCC transacts it as if it were real.
At the end of each day, if a broker dealer has sold more shares of a given stock than he has in his account with the DTC, he borrows shares from the NSCC, who borrows them from the broker dealers who have a surplus of shares. So far it sounds like the whole system is in balance, and for any given stock the net number of shares in the DTC is equal to the number of shares issued by the company.
The short seller who has sold naked - he had no borrowed shares - can cure his fail-to-deliver position and avoid the required forced buy-in by borrowing the share through the NSCC stock borrow program.
Here is the hocus pocus that creates millions of counterfeit shares.
When a broker dealer has a net surplus of shares of any given company in his account with the DTC, only the net amount is deducted from his surplus position and put in the stock borrow program. However the broker dealer does not take a like number of shares from his customer's individual accounts. The net surplus position is loaned to a second broker dealer to cover his net deficit position.
Let's say a customer at the second broker dealer purchased shares from a naked short seller - counterfeit shares. His broker dealer “delivers” those shares to his account from the shares borrowed from the DTC. The lending broker dealer did not take the shares from any specific customers' account, but the borrowing broker dealer put the borrowed shares in specific customer's accounts. Now the customer at the second prime broker has “real” shares in his account. The problem is it's the same “real” shares that are in the customer's account at the first prime broker.
The customer account at the second prime broker now has a “real” share, which the prime broker can lend to a short who makes a short sale and delivers that share to a third party. Now there are three investors with the same counterfeit shares in their accounts.
Because the DTC stock borrow program, and the debits and credits that go back and forth between the broker dealers, only deals with the net difference, it never gets reconciled to the actual number of shares issued by the company. As long as the broker dealers don't repay the total stock borrowed and only settle their net differences, they can “grow” a company's issued stock.
This process is called Continuous Net Settlement (CNS) and it hides billions of counterfeit shares that never make it to the Reg. SHO radar screen, as the shares “borrowed” from the DTC are treated as a legitimate borrowed shares.
For companies that are under attack, the counterfeit shares that are created by the CNS program are thought to be ten or twenty times the disclosed fails-to-deliver, and the true CNS totals are only obtained by successfully serving the DTC with a subpoena. The SEC doesn't even get this information. The actual process is more complex and arcane than this, but the end result is accurately depicted.
Ex-clearing and CNS counterfeiting are used to create an enormous reserve of counterfeit shares. The industry refers to these as “strategic fails-to-deliver.” Most people would refer to these as a stockpile of counterfeit shares that can be used for market manipulation. One emerging company for which we have been able to get or make reasonable estimates of the total short interest, the disclosed short interest, the available stock lend and the fails-to-deliver, has fifty “buried” counterfeit shares for every fail-to-deliver share, which is the only thing that the SEC tracks, consequently the SEC has not acted on shareholder complaints that the stock is being manipulated.
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YES we are. I still have 300,000. I said it would take 90 days from the launch. SO WHY WOULD I SELL ? Even if they have little to show at that time. I would not sell. They have other products to sell. That takes time to put out. Too early to tell which one will, or if, be the winner. Also this is a market even the likes of I, have never seen. From 1956 till now. I have been through many crashes. But none ever shut down the country. This one scares me, for the future of our people and way of life.
The great thing about numbers. You can do any thing you want with them. It is a simple reason the stock does not go up. You can have great people behind it, lots of money to work with. What looks like great products and all the rest. But right now, all you have is CONCEPTUAL WORK. EMPIRICAL EVIDENCE WILL ALWAYS OUT WEIGH CONCEPTUAL WORK. Until the plan is EXECUTED and REVENUE arrives. Here is where we will dwell.
I will tell you what is UNREAL. When your over 90 and have no idea what your looking at. I have said it before and will say it again. You have to buy, not what is. But what will be. But it is hard to do.
Best of luck to all.
Which means 90 days later we find out if were GOLDEN or ZINC.
I should not of put that on there. It is being misinterpreted. My Friday rule is for establishing a position on new stocks. I was just buying back the last of the 112000 shares I sold at .86. I have two separate accounts. My TIN box has 200000 that I bought at a buck. I road that all the way up to the 7 + and all the way back down to .50 or what ever it was. Then I have my trading account. From 50000 to 200000 that I buy and sell when I see a pattern I like. I assure you I KNOW NOTHING.
I bought some today at .75.
NO I started at about .16. Then just keep hitting the ask with 5 and 10s. Got some odd fills. Just skipped the parts that were not filled with more orders. Wanted to close it above .20. Had enough orders so they could not take it down on the close. Fifty some thousand. I never added it up.
THAT IS ME. i WANTED TO SEE IF I COULD LIGHT A FIRE.
Laugh all you want. I will add Friday only on the close. If PRED is trading at .68 or better.
I do not expect to get filled on the close of .77 or better, Friday only. But I bet I get filled in 3 to four weeks as my buy price drops each week. Once this much needed correction is over, UP WE GO.
Cycles bottom on the 11. Then we go up. Maybe some early birds will jump on before it gets there.
I will add on Friday only. If we close at .89 or better.