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So many shares changing hands in this range, lots more to come imo. OTCQB is the highest ranking on the otc markets if im not mistaken. Not a joke getting there.
cheers,
moe.
Thanks Lorel, will be updating things this weekend hopefully.
cheers,
moe.
I think if we put a Q in front of FUGI it will have a massive run.
seems like all the bankruptcy or high float plays have been getting all the dollars thrown at them lately.
cheers,
moe.
Lots of buying pressure though, I would be surprised to see how low they can walk it down, the buying near .16 just a few minutes ago was pretty incredible.
in my personal opinion, I have seen this situation before. They will probably PR solid contract news. Just my personal opinion, seen it happen with WDRP in January of 2010. It's also trading pretty healthy, Im going to buy during peak lunch hour about an hour from now. I would have stayed away if it dipped below .10 but it looks like its ready to go again.
cheers,
moe.
I suppose, only comes out to about $1100 though. Whoever got the .02's got a good bargain, I had my bid at .02 and didnt get filled, I knew i should have upped it one tick.
cheers,
moe.
Nice post, unfortunately holding too long on a pennystock after there is too much doubt never created a good enough upward bounce.
Just ask the people at CDI*, EIG*, SAI*, ACL*, QAS*, etc... Sometimes it is better to just sell and move on than to keep averaging down.
EIG* is my favorite, a stock that goes from nothing to over 70 cents, then back down to nothing, and is now getting cancelled by the company all in the course of a year.
I have a philospphy similar to yours except for one additional thing, I almost never average down. Averaging down is not a good thing despite what people want you to believe, on the contrary averging up is good because you are watching your total buys go green instead of going red. And if you were confident enough that you bought low during your first batch of buys then there should be no reason for it to go lower, if it does then there is something wrong.
Wish you the best of luck though, penny market sucks this year. Last year by this month I had seen 9 10+ baggers and caught 4 of them, this year I have only seen two legit ones and caught only one for 6 bags.
cheers,
moe.
No problem, not a reverse merger play right now but they have a VERY close collaboration with a much bigger $100 million+ company called MIA resorts. Not to mention they have actual reported and verified income from last year with double expected this year.
Also, they haven't diluted a single share since they went public 5 years ago, and that was when they needed money! CEO and his family own 30 million shares from the OS and has promised no dilution ever.
They paid full cash for a stock promotion campaign at the end of march and the good stuff just started,. Speaks volumes imo about the care they have for their shareholders considering they paid cash when they could have easily just given a million shares or something like most companies do! Here is the article published on the company as well as alerts that went out to thousands of readers in 96 countries just last tuesday
http://www.wallstreetcorner.com/situations/web-FUGI.pdf
Its a good read to begin with, in the meantime we are working on a revised DD thread. The promoter has been doing this for over 25 years and only handles no more than four stocks at one time, right now they are only doing one other stock. They have built a large subscriber base during those years and at the same time thier subscribers dont get flooded with a "next life changing" play every morning.
Theres alot of good things going on, not a one day trade, its one of those a few folks like me are queitly adding after each paycheck and waiting for a run. Company is working on uplisting to OTC, they hired an sec approved auditor in january and got the first set of financials out in march showing $1.41 million in revenue and upgrading them from a stop sign to pinksheets limited.
imo, a run is inevitable if people are buying stocks with a 30 billion float, then its just a matter of time until they see where they should really put their money. Some of the highest runners around had the lowest floats. And FUGI's float is liquid enough to trade without a huge spread but still smaller than LOCN, SAIE, QSGIQ, CDIV, EIGH, TMSH...
Personally and realistically I think it will hit atleast 70 cents before the year ends, wouldnt be surprised if it goes over a dollar after the company pulls through on all the progress. To me thats worth adding heavily in the .02-.06 range until the masses come.
cheers,
moe.
lol no kidding, some people just choose to tag along the pump from the buttholes of others without confirming and doing their own DD. Really sad to see the stock price today, glad I have just been watching, these ultra low floaters are really not worth it when they run on pure speculation. Just takes a few big sells to drop it way down and keep buyers on the sidelines.
Almost bought during the .35 break yesterday until I noticed the big bold letter crew has been hitting this hard for a few days.
glta here.
cheers,
moe.
Agreed let the alerts spread and give the investors time to read up, should be interesting to see what little volume from people who are going to buy and hold can do here. The best part of the low share structure is that any minimal volume will move it. Imagine if only 50 new investors hit the ask with just $1000.
In the meantime, I hope the company issues a solid PR about anything. Seems like the shareholders are too much in the dark with what is going on, but that is just my personal opinion.
Also, can someone assign me as a mod or assistant mod. Theres a lot that needs to be updated with the board. The ibox could use some updating, as well as the stickies of the DD. And I think the two stickies about the cuban music festival should be omitted for the time being.
cheers,
moe.
With over 30 billion shares, the company is pretty much holding up a poster board saying they dont really care about their stock imo.
Not to mention the godlike volume it would take to move it up a single tick. Good luck selling your shares even if it does uptick as everyone will be trying to sell their bags.
lol thats so funny, I dont even look at stocks anymore with over 1 billion in the A/S let alone 30 billion. Down here in pinkyland the day- and swingtraders have to much of an influence on the stock price imo. When they sell a big chunk they can cause panic selling for no reason just to buy back in lower and sell before it hits resistance again. I have seen this with my own eyes many times The less shares out there in the float the better.
Have my eyes on FUGI right now,
100 million A/S
40 million O/S
9 million float
.039 cents a share
now thats a sexy share structure!
cheers,
moe.
Or they bought under .006 on monday and sold today for .01 and over like me.
Still has potential here but for now all I'm seeing is rumors, I wouldn't mind getting back in though looks like it is going to blast off with some more solid findings.
cheers,
moe.
Can we get more info on the merger and the five offers please?
cheers,
moe.
next time buy low and sell high...
cheers,
moe.
Yes years, feel free to sell at .02's il be there to buy again and so will others
Heck even if this thing takes 2 years to get to just $2 then I am not complaining at all.
cheers,
moe.
Sounds good, thanks for the update. Lets hope its something like what we're expecting.
cheers,
moe.
Yea, not looking for the 24 hour reverse merger pump n dumps. You figure after a reverse merger is PR'ed the stock usually hits a temporary peak and then dies back down before it even makes a new leg considering theres nothing as exciting to look forward too. This has a ton more potential.
It was pretty thoughtful for the company to do a cash paid stock awareness campaign, speaks volumes that they are really trying and care for their shareholders. Otherwise they could just lay back and turn the dilution machine on like 80% of other pinks do.
cheers,
moe.
Nope still here, Im actually more reliable in being here than most of the other posters who bailed after that PR.
Just no point posting since they are getting deleted and well theres nothing to post about either.
cheers,
moe.
Just spoke with Mr. Larry Oakley. Expect something good tomorrow or wednesday on the wallstreetcorner site! Also emails will be sent out before wednesday.
Soon we will have new Investors being exposed to FUGI. Mr. Larry is currently only doing FUGI and one other stock.
I spoke with Dan too, they are working on a few things behind the scenes. Some really good news is expected however no timeline on it yet. The uplisting will take a few more months which is kind of expected. Also, the concert schedule will be updated on the website.
Imo, its already April, if you can hold till the end of the year you will probably end up doing a lot better on this one play than flipping for a few bucks day in and day out on others.
By the end of the year the company should have all the financials available, should be uplisted, should be reporting a net income, and the stock price should be higher. The float should be even tighter by then too. Just my .041 cents.
cheers,
moe.
No buying pressure, will be taken down on low volume imo.
cheers,
moe.
I'm glad you understand. Very important to not get lost by any of the smoke and mirrors around here. No one is on your side here and no one is going to share their profits with you, the best lesson you can learn is to take profits whenever you see them. I'm glad I took them at .055, even though I was being laughed at for doing so.
I'm sure the company is great and everything the overly optimistic people around here think it is, but you have got to be kidding me if you want to tell me its gonna go from .04 to .30 on one PR. Compare it to as many stocks as you like and keep hoping for a magic PR, but its not gonna happen. And as you can see, that did not happen.
What I find even more humorous, is that we were led to believe all week that there was going to be a spectacular PR with all the merger details as if to say in big bold capital letters in the pr title, "WE MERGED, OPEN THE DOOR FOR 30 CENTS NOW!" instead we get a much less enthusiastic letter of intent, and those people are now leading us to believe that it was actually a great PR and its just the shareholders who are naive for not reading carefully.
Still hoping you guys take this higher, would like to sell my freebies at .30 instead of .03.
cheers,
moe.
So quiet in here, this is going to look like one of those dormant stocks that goes green 500% one day, and starts hitting radars from there.
People are going to look back and say, how did i miss this one?
cheers,
moe.
Where's the next resistance after .05?
cheers,
moe.
Yea it might help us stay above .05 resistance.
cheers,
moe.
Check my post history, I was the only one to call the .05 break right before it happened. Living in the present and not the past, we closed at .049, not above .05 and that's a fact. If we broke .055 "with ease" we should have been able to stay above it.
I can see this board is all about deleting posts and putting words in my mouth. If you insist on using the fog* example again geez. where are they now? .05 with low volume. which I why I sold my investment and plan to sell my free shares for a nice profit at the temporary pop. So please do bring this up to .30 will be selling like most here.
Having so much fun, this is my third "life changing reverse merger" play this week!
cheers,
moe.
Thats the reason there was some smart folks taking profits today. Nothing will change, Maybe a small temporary pop on momentum, but they'll be plenty of people ready to sell to bring it back down. Just imo.
Im riding free shares now, so hoping to sell at the top of the pop. Much easier to sell a few shares than thousands of them up there.
cheers,
moe.
Doesn't matter if we broke .05 two hours ago, two months ago, or two years ago, we couldnt hold above it. We're under .05 now + there a wall. Looks like other folks who probably bought yesterday are locking in profits now.
Going to be fun watching this pop to .16 and come right back down like fog* lol. I already have my sell at .09.
cheers,
moe.
What is it with the .05s? cant seem to break through. Oh well riding free shares now glta.
cheers,
moe.
Can't remember the last time we had a zero volume day, well still 30 minutes left lol. Days are going by quick!
cheers,
moe.
Anyone wanna hit the ask? You can have my cheapies lol got one more batch left before I ride free shares.
cheers,
moe.
bid/ask getting tight, bring on the buying pressure and we break through.
cheers,
moe.
LOL nite must have a personal vendetta just with this stock for no apparent reason. Ive been hearing manipulation since .016.
Not sure when folks will figure it out, they are no cheapies and no bounce coming if there are more shares being entered into the float. Those who bought just this morning at .005 are already down a good chunk.
cheers,
moe.
what a vague post, are you implying that you know some kind of inside information?
This is a very GUARANTEED SOLID play..... I'll keep you guys UPDATED.. All I can say for now is.... PRMK will make a lot of FOLKS HAPPY.. VERY !!!!!!!!
3 or 4 heavy slaps should take out that .05 wall imo.
cheers,
moe.
Yes please get this upto 30 cents guys! cant wait! everything is confirmed all we need is a PR so the share price can reflect it! why stop at .30, fog* went to .16 and that was a minaPoo play did anyone hear about that one?! It was my call
Even better, lets get this to .80 guys! I have all the time in the world, will sell my investment at .08 and ride out the free shares.
cheers,
moe.
Sounds good, Il have my sells ready like most here. did you hear fog* popped to .16 on merger news! But if you didnt sell into the news youd be holding the bag at .05 now...
Anyone want my cheapies at .08-.09? I'm happy with a double.
cheers,
moe.
I've never heard of an
"Anticipated PR float lock play"
Keeping a very close eye on this one, very undervalued at .011 if the float doesnt change after the merger. Wouldn't mind picking up 100k shares at these levels and letting it sit. Might cross .30 someday.
cheers,
moe.
when will the buying pressure end! LOL lets hope the news that's coming is worthwhile. Folks are taking profits today.
cheers,
moe.
Still here! Believe there are some juicy things in the works.
A full cash paid stock awareness campaign for starters about to kick off in about a week or two.
Company has their auditors working on getting the updated financials out and get uplisted ASAP.
Financials will show revenues again, or maybe even net income.
Haven't had any reason to pull out so far. Loaded a handful of shares when it dipped to .021 before bouncing back to the .04 range.
Much better than the 24 hour overhyped merger or bankruptcy plays all across ihub nowadays imo.
In the past 3 months theres actually been alot more updates and a lot more solid and confirmed DD discovered. I dont feel like repeating it all lol
oh and how could I forget...
100 million A/S
40 million O/S
9 million float
and a CEO and founder who owns over 31 million shares along with his family and has stated no dilution and that he wants the share price to go up!
cheers,
moe.
lol im not trying anything. I have a starter position in this, just hilarious how people were screaming yesterday ".05 break tomorrow and heading to the .10s in anticipation" People who say these gaurantees just make themselves look like idiots, which is why we're seeing a lack of volume. Lots of eyes on this, but when people saw this didnt break and hold above .05 today, they just considered it bs and left it on their watchlists.
And for your info, what FOG* did was pop for a few minutes to .16 from .04. and its been going down everyday since. its back at .04 right now. It couldnt hold its gains indicating all that happened was people holding the bags before unloaded those bags onto new investors via the PR.
Also, every reverse merger play is different, ram* just had merger news and they popped from .035 to a whopping .045 and are sitting with no volume right now.
I guess that's what we're here for since we keep referring to fog*, waiting for this to jump to .30 so a few folks can unload their bags onto new investors. No one falls for this crap anymore... I think even with a PR we are going to have a hard time getting to .10's, just because most of the people screaming here probably have their sells set at .08.
Anyone of you folks screaming want to start hitting the ask? I didnt think so.
All in my opinion, lets see what happens.
cheers,
moe.