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You've got it! This is so fun.
Hi Lotto. Not as long as you, I'll bet. Hey, are we having a wonderful day on a certain other stock, or what? Congratulations to you!
Good morning, Druseljic. I was just stating my opinion that I base on experience, both mine and this stock's. I was recently accused of being a "basher" when I posted simple facts about this stock, so I avoid getting drawn into arguments.
WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!!!!!!!!!!!
I don't think it's MM manipulation. I'm not expecting anything good for this stock ever. It will take time to get to .0001 again, but I strongly suspect it will get there. Just my opinion.
Down 29% more today. Down 85.8% since the R/S last week.
Thanks Supt! We got hitched 5 years ago and six months later the courts struck it down because St. Gavin (Mayor of SF) didn't have the legal authority. Then the courts legalized gay marriage last year and we got hitched again on our 24th anniversary. Then of course came Prop 8. We're still legally married but waiting for the court to rule. If they rule in our favor, July will be our 25th anniversary as well as our 1st anniversary. What a world!
HI DEB!!!! Yaaaaaye. Thanks for sending me your e-mail. I'll be off to work shortly, and will e-mail you this evening.
Yes, I'm a big trouble maker. ;0)
Thank you ciscojmd for forwarding me via PM the text of the post I supposedly sent to Gail. Whoever forwarded it to you has doctored the text to say what I didn't say. Apparently someone was playing a game at Gail's expense. Sorry to see that happen, and I certainly don't want to be any part of it.
I've run out of posts.
Oh, never mind. I should have read first read all the relevant posts here in the Parking Lot, which I see isn't so "New" after all. I now know to whom you were referring.
Gail, I'm terribly sorry, but I'm going to have to put you back on ignore again. Honestly, Redd is a wonderful person, and she (not he) is someone who really knows what she is talking about.
I worry about people encouraging others to get involved in pinkie stocks that repeatedly do reverse splits and continue to spiral downward. That is why I have posted on the CDOI board. My posts were perfectly polite and factual, and never meant as an attack against anyone. I think it is easy when one is desperate to recover losses to imagine that they are under attack when they are not. But we have to keep sight of the bigger picture, which is that potential investors are people too. And if we aspire to be interested in helping people, that should include potential new investors as well as those who are stuck in a stock that has only dismal prospects. It would be wrong to draw more investors into a quagmire.
I hope you will understand that I won't be seeing your posts, but feel free to respond to this if it makes you feel better. I wish you the best.
I'm also a bit puzzled about what "friend" of mine you are referring to that "jumped all over you" and had a post deleted. Do you mean here in the parking lot? If you are referring to the CDOI board, I am unaware of any such post or any such friend.
Oh my gosh, Sput! Great to hear from you! Ain't life grand? We thought QBID was a mess, and then the entire market did the same thing! Lol.
Thanks for the nice words. Hope you're doing well.
P.S. Ed and I got married on our 24th anniversary, and they haven't taken it away yet.
Sorry, Gail. I've been a freebie these recent years, so I don't have PM capabilities. It was a perfectly polite post I wrote you on the open board. I'm guessing that the part that may have hurt your feelings was when I reminded you of a stock on which everyone lost when you were posting under a different alias. You said that wasn't so, and therefore I'm assuming we were not speaking of the same stock. I'm assuming that the post was deleted because I was responding to your post, and the moderator deleted the entire thread.
Lol. So this is the NEW Parking lot. My goodness. Are people nice to each other here now? ;0)
Well, I'd better save some posts in case someone is still speaking with me.
PS, If you hear from Deb, could you ask her to e-mail me her e-mail address. Much was lost in an unfortunate computer mishap. Thanks.
Hi Redd. How sweet! Too much, huh? I think all this started because I was warning people about a stock that is a repeat R/S offender.
Gail? What's going on? I felt I had to put you on ignore to avoid getting drawn into a brawl, so I missed the big hubbub here at the Parking Lot. I didn't say anything hurtful about you, or certainly not intentionally. I thought the post in question was deleted because it was in response to your post which was deleted.
Down 66.67% more today. So let's see. If someone owned one million shares of CIRT two weeks ago worth $100.00, and they held it, they would now have 200 shares of CDOI worth $20.00. Same company. Same CEO. Same pattern as before.
Same stock, different name. This CEO presided over the collapse of the pps.
This company did it before, I'm afraid. Look at the previous R/S and what followed.
Yikes!
There goes that smashing sound again. And then I looked up, and guess what. There was this great big hole in the ceiling!
What was that smashing sound I just heard???
Half way there already. ;0)
If you look closely at the CDOI chart for last week since it opened, you will see that the stock price opened at 50 cents per share. But as soon as it started trading the price dropped and has never gotten back to 50 cents. It did manage to jump to 44.99 cents on Thursday on a single trade block of 100 shares, which was the only trade that day. I suspect the single trade on Thursday was someone trying to make this stock look better than it is. Nevertheless the next day the stock resumed trading and ended at 30 cents, down 40% since it started trading under the new symbol.
CIRT ended at .0001, which was as low as it could go. After the 1 for 5000 reverse split and stock symbol change last Monday, it reopened as CDOI at 50 cents per share. It closed Thursday at 44.99 cents. It closed Friday down 33% from Thursday at 30 cents. That is a decrease of 40% in its first week of trading. The trend is down.
The last time this stock did a reverse split the price plunged over 90% in just the first six weeks, and never recovered. This time it has thus far plunged 40% in just the first week.
Thanks, puitsfraw. The information I posted can be easily verified. A lot of stock charts don't show the history of this stock before last week's R/S. If you have Fidelity Active Trader Pro, you can see all the data from the beginning back in 1996. If you don't have that trading platform and your platform doesn't show all the past data, you can go to Fidelity Investments at the following link and at least see the last ten years worth of data on this stock, including the 1 for 2000 R/S on 11/18/04.
Go to the Fidelity link below to see a snapshot of CDOI. Select "Quote/Chart". Then select "Advanced Chart". Set the "Time Frame" to "1 decade", and set the "Upper Indicator" to "Show Splits". You can play around with the chart to zoom in on any given period of time to watch the stock price collapsing.
http://eresearch.fidelity.com/eresearch/goto/evaluate/snapshot.jhtml?symbols=CDOI
I can think of a reason. Take a look at the history of this stock's reverse splits. It started trading on 10/31/96. It had a brief heyday in early 1997, and then crashed in May of 1997 below it's original opening price, never to recover. It continued to decline in fits and starts for the next several years until it had lost more than 99.9% of its original value. The first reverse split was on 11/18/04. In just six weeks, by 12/31/04 the price per share had plunged by a further 92.9% from it's pre-split price. By 2/14/06 it was down 99.73% from its pre-split price. By the time CIRT did the reverse split into CDOI on 5/4/09 the pps had already fallen 99.99987% from its price the day before the previous R/S. And of course CDOI has already dropped 40% since it opened at 50 cents on Monday, dropping 33.3% on Friday alone. (No, I don't call Friday a good day for CDOI.)
So let's see. Adjusting for the two reverse splits, the current pps is 0.00008% of what it was just before the first R/S. So if you owned $1,000.00 worth of this stock just four-and-one-half years ago on 11/17/04 - the day before the first R/S - and held it, today it would be worth a grand total of .08 cents. That's $0.0008. If you had bought $1,000 worth of this stock the day it first traded in 1996, today it would be worth .6 millionths of a penny. That's $0.000000006.
Not many would want to moderate the board for such a stock.
That's a great idea. Not sure if my broker goes that rout, but I'm lucky in that they will waive the commission on pinkies that are worth less than the cost of the sale, so long as you carry a big enough balance in real stocks.
I'm really feeling upbeat about the market as a whole. There are lots of reputable stocks out there that are, and will be doing well. And even some that are worth a gamble. Not this one, of course.
Have a great day.
When you're stuck with a few shares of some worthless stock that would cost more to sell than they are worth, some investors might foolishly buy more shares in hopes of the miracle that never comes. As children most of us were taught that faith is a good thing. Unfortunately there are always charlatans who take advantage of that. If it's sitting there in your portfolio, some people just can't resist the gamble.
It's kind of like the line from the movie The Silence of the Lambs in which Anthony Hopkins asks Jodie Foster a question.
"What do we covet, Clarice?"
She thought for a moment, and then answered, "We covet what we need?"
"No, Clarice," he responded, "What do we covet?"
She thought for another moment, and then a look of realization crossed her face. "We covet what we see."
"Yes, Clarice."
I know, and don't you just hate to see that happen. Sometimes they go down more slowly than others, which just drags out the torture for so many hopeful investors who truly deserved better. We've all seen it. Sometimes they R/S again and you've got so few shares left you're hoping they will simply give you zero so you can be done with it. But instead they create a minimum-number-of-shares threshold and nobody gets fewer than 10 shares, so it just sits there like a thorn in your portfolio - too worthless to sell without losing even more on the commission.
Oh, you were serious? Sorry. I thought you were joking. So you were seriously saying that people should hold this? Well, I try to look at it statistically. Considering that this is the second R/S for this stock, and both times before the price eventually returned to .0001, I'd say the chances are very good that history will repeat itself. (Or is it "its self"? I never know. And should the question mark go inside the quotation? Well, never mind.) Add to that the fact that the management has not changed, plus the fact that R/S's typically are followed by a steep decline in the pps, plus the fact that this is exactly what has happened here, plus the fact that the typical reason for an R/S is so that management can continue to dilute, and I'd say the chances of anything else happening are beyond minuscule. Now when it comes to faith, one can always hope for a miracle if one is so inclined, but in my opinion one must never EXPECT a miracle. I would say faith and investment belong to two different spheres.
As for my motivations, well.... I'm really at a loss here. I'd love to answer your kindly inquiry, but apparently such discussions lead to posts being deleted. In fact I even had to, ever so reluctantly, put someone on ignore in order to avoid being drawn into an unseemly brawl. I feel it is best just to stay on topic.
Yes, I notice the pps is holding steady since the 33% decline on Friday.
Absolutely. The weekend is a very good time to hold.
That's a very good question. I'm excited about a number of stocks, and the approaching end of the bear market. Friday was a great day. But not here. Certainly not here.
The value of the stock has dropped 40% in just a few days since the R/S. That is the pre-R/S equivalent of $0.00006 per share.
Mark it? Heck, I'll FRAME it!
Or just couldn't sell them because they set limits that were too high.
Down another 33% today.
Sounds good to me!
OMG! A billion!