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Got my 2's on Friday and today in the AM...went into a meeting and 4' were already up. That is crazy....got me a bot of those too. :) Couldn't resist after seeing the bid was not getting whacked and volume was continuing strong into the day. We are seeing the beginning of this train departing from the 'Tripps Station'!
Stunned!!! I've been trading for quite some time an I have to say, I've never seen a stock rise with absolutely no bid-whacking for most of the trading day. The only transactions were at the ask from the open right through to about 2:15. I guess that was the time someone thought they could sell and buy cheaper.
What to make of it? Looking back two weeks, there was one HUGE purchase (106 mil) at 2 a few days ago and several smaller (but still big) purchases last week on a single day. I'm wondering if the shares have already been locked down? This would be the level to do this at. The more people who are in, the more likelihood you will see profit-taking.
IMO, this is a sweet entry point. Let's hope the volume continues!
GLTA.
Honestly, I didn't see APCX until the close of trading on Thursday. Don't get me wrong. I'm not reluctant to jump in on a momo play. Friday Morning was the first chance I would have had to take a position and in that I was out for the day with family, I was not willing to take the chance if jumping in and not being able to monitor the action.
So, with that said, I'll chalk this one up to a lost opportunity. The current risk-reward ratio is not within my acceptable range at this point. As someone suggested to you earlier, if I were a 'gambler', perhaps I'd be more willing...Seeing that I'm not one to gamble hard earned money, I'll just as well move on to the next play. You and I both know, it's just a matter of a week or two before I'm able to ride that next wave into the shore! I don't mid waiting and searching. I missed this one. Plain and simple.
Hey Zero. In that you are in the stock, I hope this continue to go up for you. I invest based on a risk-management principle and to take a stake here means my level of risk goes up significantly compared to your initial stake in the tripps. At this time, I have much safer plays in mind(relatively speaking) with similar potential, though I do have to say, I will be keeping an eye on APCX. I'll need a better sense of support levels first.
My biggest concern is that MOMO doesn't last forever. It's like that game of musical chairs. I'll see what the stock does when these supports are 'threatened' and will work from there.
I'll be watching....lol
Sorry Zero...my bad. As I tried following the discussion, I realize that it is Trader who threw out the word 'inexperienced'. Either way, with all who went in Thursday and Friday, the upside momentum will be competing with the profit-takers and the smaller number of new buyers who will not want to get in after a 300% run. It is only the very inexperienced that will be using this as an 'entry point' and lend some upside support. The challenge to all of the current longs will be to hold strong as a group and not sell at all. We all know the likelihood of that.
I think that is what Trader is pointing out and what I would have to agree with. It would truly be sweet if things only went up.
Okay, enough time here on APCX...a stock that I don't even own...lol. I do regret the missed opportunity though, but after an 85% run on Thursday and not being able to monitor the movement on Friday, I kept my change in my pocket....at least any change that might have been available to take a quick position here.
GLTA and congrats to all the longs for calling this one.
Zero, I have to chime in. Trader is 100% correct. that's not inexperience...that's the voice of reason. True, I missed out on this one and didn't call Friday's run correctly, but I was likely a day off in my own pullback call. APCX needed a bloated top, before it can retrace. Really, I'm surprised that you would see Trader's post as 'inexperience'. If you have in fact been trading the pinkies as long as you have, you know that while newbies are piling on, the profits most of you have already made will be getting locked in. It is the 'inexperienced' that do not lock in profits from a 300% run.
Can this run further? Of course, but for those who will be jumping in tomorrow, where will their buyers be coming fro so they to can claim profits? Thus, the sell-off...those who take their profits combined with those who will sell after realizing there is not another 200% gain to be made. Had volume not been what it was on Friday, I might think otherwise, but gotta throw my support behind Trader there. It is only those who don't take their profits that lose in the markets. Now that's the voice of 'experience'
True, I may indeed miss another leg up, but there is always money to be made out here in pinkie-land. What I do know if I will not be the one holding the bag while others run away with their dough.
Well said. Average down or use this as an entry. Play it the way the game is played. It is the impatient and those who roll with their emotions that lose in the end. It's all about risk-management.
Okay, now back to the Book of Eli now that I am done with my 8-hour drive concluding my vacation!!! (hidden message: relax and let the market do what they will do)
I'll chime in on that one. In 'PennyLand', if you do an RS in order to get pps up, that is like a 'death knell' and no one would touch it as there is now too much risk of pps going from R/S price back to tripps (tripple zeros)...so, you are then at much larger risk for big losses. A good example of this is INFE...In July PPS ran past .001 on recent news....then SMASH! CEO announced R/S and pps never recovered since. There are other examples as well....not just in pinky-land. WHen the banks were tanking AIG did an R/S and the shorts cut it to 1/3 of the RS price, until they got caught short. Same thing with YRCW...the RS announcement only added to the carnage after the news was announced.
Now, this is where ICOA (IMO) becomes a good potential play. If in fact the RS already took place and , true to belief, pps went to no-bid status from the new higher price, then there is only one place to go from here. The risk is gone and you now have the benefit of the new SS in place. If current SS can be confirmed, you have th making of the next rocket!
If this was the case, why would they bother filing the 8-K earlier this week? Also, what would be the gain? PPS barely moved since their initial announcement. There are a few penny plays that are stealing any thunder this may garner while others are awaiting confirmation the stores have actually received products.
This would seem like somewhat of an elaborate scam no?
Got some new funds ready for the day fellow AVTI longs. Someone has been rather nd to us if you ask me. PPS has stabized and has remained here while many of us continue to accumulate. It's nice to have some time to do this while not chasing.
1. SS remains unchanged
2. CEO back in town (I believe today, no?)
3. Aug.17th SEC filing lends to greater transparency
4. Products in stores within then next 11 - 22 days.
5. Holding company / business incubator model initiated with unlimited profit potential.
GO AVTI!!!
Not trying to look smart...just trying to ensure I don't lose my money chasing Momo. Your response worries me even more if I was looking to 'take a piece' of this one. What your saying is that what the company is making money on boils down to 'translation services'. Care always is needed when there are no / low barriers to entry. This qualifies as that kind of company. Another question: How does this compete with 'free'? The apps they are targeting has 'open source developers' already in the door and offering their apps for free:
http://source.android.com/
If, like most out here, the objective is to make money and not lose money, then my questions shouldn't scare anyone. It is the answers that are important.
I also get that momo and SS can carry the day. I don't care what the charts say. Made tons myself with Momo, but as someone who did not get in on the run, I'm not hearing that this is the one to chase. My biggest fear is that this will gap in the AM. It's a red flag for how the MM's mess with people's psychology and pull in newbies who think the run is continuing. They throw in while the MM's short into the madness and the more experienced traders exit stage left. That's why I posted that if someone is to take a dip here, they might want to wait and see where this goes before 11AM.
Either way, since I'm not biting this time, I'll move on. Don't want to disrupt the board by just asking questions if people here have already moved past that point.
GLTA & happy trading
I never said I don't intend to. Sorry...I should have clarified. I should have said would not touch it at these levels without some more information. things tend to get a bit cluttered and confusing when there is all the cheer-leading.
I only posted my concerns and what should be content 'sufficient' to further the 'discussion' and motivate others to do some genuine DD. My challenge to you and other 'die-hards' would be 'convince me'...show me what ya got. I posted legitimate concerns for any investor didn't I? I didn't think my posts were 'bashes'. I thought the previous 2 responses to my posts were legitimate point of view.
Interesting. Would not touch this one with a 10-foot pole. What makes what they do any different from what dozens of other companies do? Yes Brazil and Argentina have stellar economies, but don't they also have their own developers? I would think the bar for entry would be rather high. In addition, AppTech appear to be entering this market with no Hx. or direct sales in South America. their point of entry appear to be through partnerships, equally with no competitive advantage than local app developers and a higher barrier to entry.
Aside from all that, I prefer to buy when sentiment is not all 'rah-rah'. This is when I tend to get burned. Not trying to be a 'hater', just cautious. Seen this before..sadly, many times. Best example might be the company that ended up 67% down today after its own stellar run last week...and that was on top of great news....certainly not touching this on a Friday when people tend to take their weekly gains and certainly not before 11AM (when I have a chance to evaluate volume and direction with reason rather than emotion)
That's just me....GLTA. I hope you longs and longs-to-be make a bundle here. Isn't that why we are all in the pennies anyway?
Made Young...Thanks. This one does look promising. Can't respond via PM due to freebie status. Let's hope for some serious dough in our investments / plays.
I've spent the past hour scanning investor boards for the next 'MOMO' play. Interestingly, many, many of the pinkies currently in play don't seem to have 1/2 of what AVTI has going for it. In fact, many of them I came across have no real 'DD' and tons of people investing. I guess that's why you are seeing them tank a week or two after their momo while we continue to stabilize.
I'm at (and have always been) at a good cost-average here. Reassuringly, I'm still not seeing a better place for any new funds I have available than right here in AVTI. Not trying to preach to the converted, just making written note of my observations.
I saw that...strange. Oh well. Glad to see you with us. Now back to 'vacation mode. Family ready for the 'Jamestown Settlement Tour'. Guess play time is over for now...lol.
I hope we break .0012 tomorrow considering today's action.
Thanks for the response WM. It is helpful. If nothing else, current action allows for slow and steady accumulation in what is seeming more and more, a company on the 'up-and-up'.
Trade Question for you: Considering the last PR, some of the angst is generated by the wording which indicates JF will be in stores 'such as'. Further, none of these stores contacted by board members have been able to confirm. Part of me is wondering whether to entertain a different idea about this.
If they indicated specific stores up front, the board members like us as well as the competition can call and 'harass' for information. I'm wondering if none of those stores will actually be getting the shoes and instead, we will see specific numbers as well as actual stores that have received the shoes once inventory is delivered. Would this be so 'unusual'?
Also, what if JF is working with a 'middle man' who has pre-existing relationships with a network of high end retailers. Wouldn't that imply that these stores might carry the shoes, but not necessarily? In other words, I have a contract wit Joe Shmoe who routinely shops and ships products to Macys, Nordstroms, Neimans, Frericks, etc...but they also ship stuff to Urban Outfitters, Brooklyn Industries, etc. Can I not say in a PR that the shoes are being produced and will be available at retailers like 'Fredricks, Nordstroms...etc. without actually knowing which retailers in the network will be carrying the shoes until everything is said and done?
Just curious.
Like myself...many people who would ordinarily be at home trading, accumulating, investing or just watching...are on vacation. We wont likely see volume pick up and the action begin anew until early September when most folks are back. Keep the faith. We shall rise again!!!
Great move...compare how close you are to making a profit on your investment now than before you averaged down. One of the best ways to calm the stomach after a week like this one!!!
2 things...
1. Soledad is reported to be a Pratt Grad. I can walk to the school from where I live. I will tel you, Pratt is the 'Brooklyn FIT' (Fashion Institute of Technology). Not a school to sneeze at. His on-line portfolio seems to speak for itself though. did send an e-mail for confirmation he is involved in JS in one way or another. No response yet.
2. The address from your post on Broadway is in Harlem / Spanish Harlem. I believe the cross street is something like 145th or 165th...can't remember for sure. More a market for the 'homies' than what would be considered a 'high end' retail outlet. Trust me...they do not / will not b catering to the same consumers a Fredricks or Nordstroms would be catering to...If at some point, JS are there, it might be a way to have some marketing via communities invested in 'pop culture'. I remember when everyone in school wanted a pair of 'Timbs' (Timberland shoes). The stock went craze for quite some time as me and my homies wore our Timbs as we did the 'perp walk' down our neighborhood streets...lol. They may not have heard of it as the last run was some time ago. The store is still there, but whose to say it is under the same owners.
Hope this helps clarify...well, something...lol
Did anyone see that $350 down-tick? I guess there is an effort to 'change' any impression which that 5 mil Ask-slap that preceded it might have created!!!
Psychology changing. 8's Up. Now, volume and price will follow. Typically, we don't get that intra-day bounce of the kind of retracement we saw in the AM. Selling would typically continue into the day (sign it may be ongoing). If the buying was to occur, we haven't seen a move back to 'unchanged' until toward end of day. It's so sad to see people unable to hold on for another couple days. In another week or so, some of those same people will end up chasing this and the cycle will start all over again. Hard lessons to learn. Trust me, I speak from experience.
One more good hit and 8's back up!!!
In all honesty, I do like today's volume so far. I do hope it continues throughout the day. For a mid-August Friday, I am surprised. We'll have to see where the end of the day takes us.
I myself did get a small lot today, but I'm on vacation as of tomorrow morning. Though the price continues to look delicious, I don't want to get caught not able to fund my time away...lol
I like that MM sitting at .0021after the 7's are cleared. Means nothing really, but looks 'INSPIRATIONAL'!!!
Update: 10:33 (sorry...freebie account; trying to conserve posts.) One monkey remaining sitting on those 7's. Volume continues to look great this morning. Bid 5 levels deep.
L2: 5 on the Bid, 3 on the Ask. Some healthy / nice Ask slappin thus far.
About 1/2 mil sold on the bid
About 3 mil bought at the Ask
A message for the newbies:
Set charts aside for the moment...keep an eye on volume as trading begins. If if looks like we are in for a 'healthy volume' day, place those orders at the Ask. If anemic, go a bit more conservative and place your orders on the bid. Anemic volume is what allows the manipulation using tiny lots. Use it to your advantage and accumulate your shares.
Importantly: Be aware that some here on the I-Hub board want you to sell your shares and will post here to influence that.
Thanks for that Blue. I love it when agenda's and mis-truths get revealed. It's unfortunate that such effort has to go into getting ot this point though. I guess that's to be expected with any board when it attracts the kind of attention AVTI has. No stock is immune.
HotDog, I would pay 175K to inherit 6.8 mil in debt any day....wouldn't you? Especially if I had the credo of CEO Gelmon....you have to learn to tune out the noise. Nothing has changed.
Liable...you are a big asset to me and the MM's. You do your job well and I, young man, appreciate your service! Thank you for any liquidity you help to create.
Hey CP...there is likely something to be learned here from all the bashing. There's a saying, 'Buy when there's blood on the street.' Well if AVTI's recent retraction and the tone of the board isn't 'blood' then I don't know what is. Those influenced by the current tone of the board will be more inclined to sell even at the bottom. Use all the banter to your advantage and accumulate by placing your order at the current support levels if indeed you are accumulating. That would be on the bid @ .0007 and .0008. You can break up the order an see what comes your way.
Though there are some here that are legitimately 'sour' on AVTI and have rightful concerns, there are some with the objective of sitting on that 'resistance line' with the intent that your shares will be dropped into their laps as they wait on the bid accumulating all the while.
Base your decisions on the legitimate DD that is available and your tolerance for risk. If I had a crystal ball, all my wagers would be winning bets, but in the absence of one, I like to employ more of a 'risk management' strategy. If my cost-average is much higher, I'll work on accumulating an equal or greater amount of shares when pps hits those resistance lines. I'm very happy with the 8's that I got yesterday and just waiting for some more. Since the .0007's and .0008's and soon 0009's don't seem to be scaring very many people into selling, that is becoming a stronger and stronger line of support.
When volume does kick in (unpredictable), that's when you join the party and start slapping that Ask...but don't chase. If you accumulate enough, you shouldn't have to...you can sit back and enjoy the ride.
Your posting history here on I-hub is quite interesting. Can you provide links re: AVTI to ensure your DD is not misconstrued as 'biased'? One can easily get the impression you've made it your objective to condemn any company that is 'touched' by current AVTI CEO. Providing supportive evidence specific to AVTI, I'm sure will go a long way in raising your own credo.
Hey Staretsky. Interestingly 'some people' were able to do DD and toute the CEO's credentials...not sure why other information would have been difficult to find. I found quite a bit. Lots was there and is there.
My larger question is why continue to stick around if trying to convince us 'intellectually limited' investors this is not the safe place to deposit your change. I would think spending my time looking for more 'legitimate' plays would be where my time would be better spent....but that's just me.
Personally, I'm not sitting on my shares and 'waiting'....I'm actively accumulating. Perhaps I'll be proven wrong...only time will tell. I was upset that I didn't get a chance to accumulate more when it was in the triple '0's...now I can. Still committing to one to two buys a week and will hope for the best. If everything contained in the 2 recent PR's are on the up-and-up, we will be just fine.
The great thing about being able to accumulate here is that it is taking less and less to show a profit on my investment. Like the MM's, I'll be ready and loaded for the next run.
Those 8's aren't being hit in significant enough number to fill that kind of order. You can break up the order of course, but considering volume, if that is the objective (5 Mil purchase), then it's time for some 'ASK SLAPPIN'!!!
Order imbalance...it'll get worked out soon. The other reason this may happen is if you have a bid at .0009 and the ask at .00092. Order imbalance not bad...hoping it is that...may signify unexpected volume that's creating the imbalance. I guess I can only hope...lol
I don't know the guy so I am not defending, but those other companies have been around for a while and do have significant numbers of people gainfully employed. How do you accomplish that as a scammer? Also, if you look at administrative structure of those others, he's not the one at the helm. Board member for one and CFO (I believe) for another. AVTI has him listed as holding a few key positions...i.e- he;s in charge here while that differs at those others.
Again, i'm not defending, just trying to further the discussion.
Thanks for sharing. I'm sure it's satisfying on some level to be able to say 'I told you so'! Hopefully we won't have many more of those moments with regard to spiraling pps...lol
Hey LR, I agree with you. I can understand people are upset, but in the age of 'instant news' and research capability, the DD is readily available and has been for this stock for some time (as you mentioned).
At these levels at this point in time there really is no gain to the CEO to introduce false news. Either he is stupid as he tried to make a few thousand off a quick pump&dump or there is some legitimacy to his efforts.
With that said, I'm not implying that at some point down the line, there wont be an 'unexpected surprise', but what would be the gain at this time and at these levels. That's why I question motives of some here on the board. The timing of the 'concern' is suspect.
I will give credit though to the fact that this has motivated those who truly want AVTI to do well to double-check some facts. This can only benefit us in the long run. Let's get it all out there now and move on to where-ever this is going next.
Even without the charts, volume seems to be saying it all. Selling is done. The ongoing down-ticks is not generating additional selling to the extent pps would continue to be impacted. If we see that volume that came in toward the end of the day continue into today, we will be looking at another green day...I don't care what the charts are telling you. They cannot predict volume. The other bonuses at these levels is 1. broader markets will not be competing for available cash today (at least that what the day is shaping up to look like) and 2. people who have chased some of the recent 'triple percentage gainers' are realizing that, like AVTI, stocks don't only go up. Those who took profits on some of the other opportunities while we lost our gains, may be seeing this as a renewed opportunity before the next PR is out.