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Maybe....but do you have anything more current or solid in writing? The company IR or CEO can spout all they want to you on the phone, but if it is not backed up in writing, then it is just speculative rumor at best. That is why the price has dropped.
Have we heard anything about the expected audit or where this company stands finanically? I am beginning to think it is going nowhere in the near future....I used to feel strongly of their potential, however, now I not so sure...
Why do you feel so strongly that their debut as a fully reporting company is going to be so grand?
From Msn Money:
Sales* 1.34 Mil
Income* -665,000.00
Sales Growth* -98.20%
Income Growth* -123.90%
Net Profit Margin -49.18%
Debt/Equity Ratio NA
* last 12 months
EPS: -.10
Market Cap: 1.97M
Shares out: 6.47M
That is why the pps is where it is at. I just think flipping this thing on the pumps is good money. The last two PRs were really not that good and pretty speculative as well. I think it is a good buy in the high 2's and if they can expand into the North Dakota region, then it will take off as you say and may even hit the $1.00 mark, but not until then.....JMHO
Wow...1M is a lot on a speculative investment. The most I have is 350K which has been purchased in traunchs on the dips. I never buy into a large position at one time. Easier to cost avg down if the pps starts to drop. Also easier to flip a portion of your trade to take some profits off the top and limit your exposure to the downside.
Good luck....I hope this thing makes us both a lot of money...
I think a lot of folks from the stockhidout room are buying in the 5's and flipping in the high 6's/7's.
I am keeping a core position while doing the same with a 30% slice. I have my next order in @.0053 to pick up somemore and flip again while waiting for that PR.
GLTA
This maybe a good buying opportunity if you feel the next Qtr statement will be very positive. I am sure stockhidout will pump this thing again....be ready to flip for some easy profits!
Dude,
All I am saying is that a CEO or IR person can tell you anything you want to hear on the phone. Is it really DD? Maybe, maybe not.
All that really matters is whether or not paperwork is filed and PR'd. What I really meant to say is that I am sure you had a nice phone call with the CEO, however, take what he says with a grain of salt and have them back their words in writing......period.
Well, I would not expect much until a PR and a filing occur. No offense, but have been burned by people who say that they have talked to the CEO and then they inturn pump the stock.
However, based on where we are at, there is nowhere to go buty up from here.
Did I miss some sort of big news? What is with all the volume on this stock.....been sitting on almost 2M shares for a few years now.....good time to sell or should I hold for some big news...
Thanks
Did they ever throw out the name of the Hydro Company so we can confirm assets?
Negative....meant.."If I were you, I would sell" trust me on the R/S issue though.....they are usually always bad.....cost avg down is not the way to go.....trust me....I have bit the bullet on this one before....just trying to save you some money....wait until tomorrow....this thing will pull back even more....becase people know what happens when a R/S happens.
Sorry, sold out my share @.31 today......but if this R/S happens...sell before....wait for the shorts to come in and drop it even more .....and if you still believe in the company, then buy somemore.....if not, I am sure you will lose much more than the 20% from afterhours.
True, I would not expect to hear anythng for at least a month on financials if they even do report anything.
I just want the merger news to finally be sent out. Little worried about how long and how little info is being released on this merger.
I think this one is a losing cause. I will sell as fast as possible before they delcare ch. 11.
Goodluck
Where is Me2....still talking to Leo? Is the Montana deal done or has Leo come up with the money to make it happen by tomorrow?
Nice.....got another order to get back in at .36...this can turn into a very nice cash cow.
Good luck with your trade...
I hope you are right. Just trying to point out that other sites are doing some target pumping on the stock providing shorterm high gaines. Your strategy is fine, however, you can also keep a large core position long and trade a smaller amount around these jumps to pickup some nice gains. You can have it both ways (STS). I have been doing the same thing with SIRI for well over a year now and it has worked out very nice.
Good luck
Well now, maybe it is time to buy another traunch and cost average down.
Let Leo pump the Argentina Mine thing again so we can make a little money back and learn a valuable lesson for the future. Never listen to someone to claims to be talking to the CEO direct about how "fireworks" are just around the corner.....ha..
Good luck everyone.....good the thing I do invest in real companies that report financials and actually make real money....
http://alerts.stockhideout.com/default.aspx
Here is the link to the Stockhidout alert this morning for GRNO
Another pump and dump from the Stockhidout room. If played like last time, sell near the .49 / .50 level and wait for it to dip back down again. If you had like last time, you would be up over 100% in just the last week or so.
However, all I did was get bashed for that play.....too bad
Dade, very good comment. If someone is actually in contact with someone within the company that can answer some basic questions, then those are the type of tough questions to ask. If that person does not ask and just passes on fluff, then they become a mouthpiece for the company or free PR without substance. This exact thing just happened to DMGM over the last few days.
We need to question because it is our money.
Good luck
Buddy? Please finish High School before making such comments.
"A source close to the merger said “We have done as much as we could on our end. We endured agents falling ill
meeting various government representatives and now the ball is in Hydro China legal department court to approve
the documents and or make any amendment's and changes. Their primary concern seems to be securitization of this
enormous asset. We can only guesstimate the time frame but on the optimistic level 1 to 45 days would not be
unreasonable” "
So, I will say it again very slow for you Mr. DD. I doubt China legal dep, will blindly push through anything especially when dealing with security issues. I would be prepared for a lengthy process that will most likley go through two or three iterations.
That is the point I am trying to convey. Just trying to voice some reason when folks begin to get impatient with news and start to sell shares, that is all.
Thanks for posting that other info, but from what I could gather, are we not talking a little more than just gathering other signatures? It sounds to me that this merger would or does net the approval of the Chinese Gov does it not. If that is the case, then I would think that 45 days would be very optimistic at best. Just thinking out loud
45 Days from what point? Did I miss some information here recently? I hope we are not talking 45 days for a filing from this point......
What are the updates really based upon though? Someone's tweet or email or even someone saying that they talked to the IR guy directly. Too manny folks have been burned by this kind of info in the past on penny stocks.
I think people are waiting on the actually filing.....not a paid PR. Once that happens....then we will see our fireworks...not before.
Just giving my opinion like everyone one else here. Just because it is not a constant "pump" does not mean it does not belong.
Grow up and deal with it. Sometimes it is good to question others and not blindly follow or listen.
No offense, but do you know how many times people on Ihub say they have called the company and news is just around the corner just to keep people hooked long enough for them to sell out?
If the Divy news is so solid, then why has thing thing not run already? Think about it, if it sounds too good to be true, then maybe something is wrong....if it wasn't, this thing would have tripled by now with folks jumping on the wagon to get on the deal. You know it...and I know it.
If they filed the Divy with the SEC..please provide the link if you found it.
Thank you,
What Divy news? All the company did was pay someone to post on a PR that they are looking at the possibility of issueing a divy in the form of preferred shares.....they did not announce that it was going to happen, that is why the pps has not moved.
I am still very concerend about my position in this company as that the pps has done nothing but fall despite all theri PR attempts. Why do you thing that is? I worry this is more pump than real substance and if prop 19 does not work out...this thing will become a subpenny faster than we can snap our fingers.
If they are on the up and up....then they really need to follow through with the new share structure ASAP and file with the SEC...period....GLTA
Glad I pulled my order and waited for this thing to drop back down to .37 range. Nice entry right here. Will wait for the pump from the expected financials to flip this thing for a nice profit.
Again, I think Howard announcing that he has signed a contract is going to be a no brainer....and when it is announced, which should be soon, I would expect the share price to jump 5 to 10 cents..... Hopefully this is far enough prior to 3Q run-up, we can sell on the spike and rebuy on the dip and then ride the next wave into 3Q announcement.......
You are right about that.....need information very soon....this "maybe next week" stuff will just not cut it. If something firm is not PR'd or filed by the end of the month...well, lets just say the rats are lining up along the sides of the ship.....
me2...Are we going to get some actual news soon, because this thing has been strung out much longer than anyone expected IMO.
I do not see this thing maintaining any type of support unless something concrete is filed soon.....I am keeping my fingers crossed....
Glad I pulled my order...without the news everyone in here has been pumping, I will expect the price to drop tomorrow and provide a nice entry.
GLTA
I guess my reservations on this stock are true for the most part. I thought the new share structure deal was just too good to be true....looks like we have all been had here.
Maybe it is time to throw in the towel and move on....and to think everyone here was giving me a hard time for voicing my cautious opinion.
True...enough...however I disagree on the "never flip pennies" portion...JMHO. As a general rule, most consider those who keep pennies longer than 48hrs "bagholders", which is more than often true. However, there are those rare occasions though.
Just giving my opionion.....good luck on your trade.
Just for your info....I did buy into this thing after this mornings dip. I think it will slowly climb on the lead up to financials and pop if they beat them.
Good Luck
Good luck waiting years on your 10 bagger...if anyone needs to see the big picture, it is you....
Take for instance SIRI...I bought in real low...started riding the stock like a roller coaster until I figured out that I could make much more money buying the dips and selling the rips, while keeping a core position long. For instance....I kept 25K shares LONG and sold 20K shares around the position making about $1.5K - $2.5K each time. Have done it 4 times so far. That my friend is how you make money in this market....
As for this stock...if they are solid....I myself would buy back in at the low of the day today or tomorrow....and ride this thing up on anticipated 3Q news especially if they are raising guidance....
Think about it....sell today for 50%.....rebuy at the low and ride it somemore...that is how you make money in this market these day.....days of buy and hold are gone my friend....think about it.....
Then why is it dropping like a rock
All of you are just too greedy....."Don't sell Cheap"....what a loser statement. Do the math....sell at .51 rebuy at .46 or lower....sounds like good money to me and you can still stay long hoping for this thing to jump much higher....which may not be for a while.....Good Luck