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Speaking of whether to sell or ride, today I took advantage of bargain basement prices and BOUGHT! Please add 40,000 to my existing. Thanks! Go MINE
Speaking of whether to sell or ride, today I took advantage of bargain basement prices and BOUGHT! Please add 40,000 to my existing. Thanks! Go MINE
Thanks! Done.
you can look for reasons in all sorts of places from all types of viewpoints but the one view to view from that would make the most sense would be to view the market from the stand point of the market maker. Market makers are simply "profit motivated" period.
Yesterday we saw about 7 times the volume over the previous day. The market makers simply weren't prepared for that (or maybe they were!) and as such completed their profit taking cycle by selling off most of their shares. They then dropped the price by either selling what they had left into the bids or shorting in order to then be able to collect up many more shares at a lower price.
We, the public, only have up to "Level 2" order depth but market makers have level 3. With that they can see all the "stop loss" orders that might be accumulating along with everything else. The MM's can see how many shares it will take to sell down to a certain level, compare that to the number of shares that are up for sale on "stop loss" orders, and with that data determine if it's worth the trip. If so, the price drops, all the "stop loss" orders fire off, the MM's buy up those on the way down. In addition, they absolutely without question know that other traders will follow suit. Those traders will panic when they see the price drop dramatically and so will sell their own positions. The share price will eventually stable out, a bottom will be found and the volume will drop off once the MM's are happy with what they've accumulated. Then the process starts all over again. The price will change, in this case I think the next move will certainly be back up (manipulation), the MM's will then dump (profit take) and the process will start once again. If news comes out and the buying pressure is too great to do a sell off like yesterdays, then they simply let the price run, then do a minor retrace to a lower level, where they accumulate for a later profit take. That's really all there is to it.
Market makers work in three phases. 1, accumulate. 2, Manipulate, & 3, Profit take. I'd say now we're in an "accumulate" phase at the moment and we will probably stay here for a while until the MM's think they have enough shares, then we'll start to go up again.
Now there are other factors involved than I just mentioned here, but at least with this you can gain a little insight as to how the market works, because this really is all there is to it.
Take care, have a great day. Go ZLUE
It's my understanding that there are 2 companies at play here, the parent and private company "Vortex Tennis" and the new reverse merger (that will be public) company "Vortex Brands", the later being the company merging into ZLUE. The word on the boards is the parent company has already established itself as one of the leading tennis equipment companies in California. The person who made the parent company what it is today since its inception in 2008-9 is the same person who will take the new company to greater heights. So as far as how he got financing, he probably just called his friends up at the bank that he's been dealing with for the last 5-6 years and who know him very well, showed them his plan and the rest is history. Truth be told, the parent company could probably have just written a check to the new company, but why tie up a half mil of your own capital when that could be used for more expansion?
This company is already shipping to outside of California. I saw that on one of their videos on their Youtube channel. And by that I mean if anyone outside of California wanted a Vortex racket, then all they had to do is call the company and mail a check. So what's probably happened is the parent company "Vortex Tennis" must have achieved a state of being "burdened" with mail order to the extent of having trouble keeping up with orders.
Banks simply don't give money away. Vortex, In my humble opinion, MUST have been able to show the banks past proven sales enough to EASILY be able to repay the note. And think about it, 500K, even at 24months, with interest would be a payment of around 22k month. That's not very many rackets, even at distributor's cost.
Speaking of which, I read an ad that said something like: "Become a Vortex Distributor in your area, Call Company for Details." So the company is currently looking to place people all over the US to market and sell their products.
But one thing I want to stress to keep in mind, is that it's my guess that the financial report that comes out will only be of the public portion of the two companies. Since "Vortex Tennis" is private, we won't be seeing any numbers of their sales; we will only be seeing the start up numbers of "Vortex Brands". Am I right on this? Anyone? TIA and have a good day.
Good luck to all, Go Zlue.
THANKS!! Well these guys are into holding a good public image. Here's why I say this. First, I was a bit concerned when I did a search on the address first listed on a previous filing as it was a residence (most likely that of Mr. Olmstead). Sure, it was a nice 1.35 mill beach house, but still, I was expecting at least a warehouse or something along that line.
Here's the company address given on this filing: Tom Olmstead, 28202 Cabot Rd #300 Laguna Niguel CA 92677. The address is a very nice, up-stat, plush, modern glass office building. Offices like these don't come cheap! Business must be pretty good!
I agree with a climb, but I don't think it will be so slow. SP will continue to fluctuate.
There's just no shares to be had. I picked up a few this morning at .02 and felt lucky. In addition, I had a limit order in place all day. The SP got real close but no bueno.
I've watched a few vids, saw the Pres, seems like a kind honest fellow. I get a very good feeling from him and the company.
Here's the Vortex Youtube channel link.
Welcome to IHUB and MINE. Congrats to you and your first post. Personally, I don't think you could have picked a better place for it. GLTU, and don't be a stranger! I'll give you member mark #1!
Share buyback? OF COURSE! Why? Because the CEO for sure and probably the rest of the board own millions upon millions of common shares. This is not like congress, where laws are passed that don't affect those that pass them. This is a company where the value of the company directly affects the wealth of the CEO. It's like the old saying: "What's good for the goose is good for the duck." err, maybe that's not it-- you know what I'm talking about.
Go MINE! I'm adding to my position in the next day or so if the opportunity presents itself.
This "article" is a ploy to try to get hits. The author most likely gets paid by # of hits. He knows there are many loyal MINE supporters who will come to the company's defense. Note the sponsor, we've all seen it. I say ignore this. In my opinion, the tactic of the sponsor seems to be to try to draw enough doubt into the investor's mind in an attempt to get them to buy the software. They're pumping their stock screening software as being "THE" tool that's needed to find the truly "good" stocks, and that if you don't use it you won't find them.
Also, it would not surprise me to discover the author is a MINE holder and wants more "cheap" shares.
Dear Mr. StockScout1, I consider that you are the most respected posted on this board. Thanks for your response. Perhaps I presumed too much, but here's the CC paragraph from which I reference my statement:
"We have strategic partnerships with Big Red, which is in the top 10 largest beverage companies in America. They have a company that's almost a hundred years old. They have over a hundred brands. They're a household name in many parts of the country and with revenues I believe approaching around $200 million a year. They're taking an ownership interest in the Company, and we've also—we're fortunate enough to align ourselves with Dan Ginsberg. Dan was the former CEO of Red Bull North America. Dan helped grow what some consider to be the most important brand in beverage, and some say the most important brand in the world, across all categories in the last 25 years. Red Bull changed the way consumers drink beverages. It changed the price point, changed the whole way that beverage companies market beverage, and Dan was responsible for more of the growth of Red Bull in North America than any other CEO since or before him. He was the CEO for six years. Prior to that, Dan was the CEO of—oh sorry, the Chief Marketing Officer of Hardee's, which was a—is a $2 billion fast food company. He was brought in to restructure the company.
Now perhaps "ownership interest" simply means that they're interested in buying a few shares of stock, but my thought is this: "When the big boys decide they want to play, big things happen."
Thanks again, have a great day. Go MINE
Now that makes sense. I was trying to figure out exactly who would gain buy the price staying low. Thanks for your replies and back at you.
She gave our her cell number on the Conference Call and invited share holders to call her anytime.
Nice post. I'm following you on Twitter now.
Now to everyone else, I want to make one really simple and obvious observation about this idiotic subject of "reverse splits". First of all to those who mention it, are you out of your minds? The CEO has what, 60 million shares? And you think he'd authorize a RS? That's insane. Why would he do anything that would cripple his own holdings??? If you want to think along such bizarre lines then THINK DIVIDEND!!! At least that would make more sense. Maybe not next week or next year, but you better believe, say 5-10 years from now, when a billion shares or so have been returned to treasury, or, when the share price hits 10 bucks because MINE is producing 100 million vitamin Fizz cases/quarter, in addition to 20 other major brands, then I don't think this suggestion is too far fetched. I think ANY CEO holding 100 million shares would be more than happy to authorize a .25/shr dividend to all common shareholders, especially if the profit per share was $1.35 for the quarter.
You can say "In my dreams" if you want, but it's just another point of view that can be put on the table.
I think what can be said for most of us is that "We got it." But for some, it's not as easy to "think" with the current circumstances. And the circumstances are, if you were a CEO, and you put up, say, over a million bucks to acquire company stock, then A, what would the fundamentals of the company have to be in order to justify doing that, and B what sort of other decisions would you be inclined to make?
In my opinion, one of the most deadly poisons to mankind has been to think small. Never limit your own viewpoint nor your own dreams and horizons. You just might surprise yourself someday.
Thanks. Go MINE. LONG and strong.
We already know per the CC that a large company has strong interest in acquiring our company here, right? Well, one the stipulations may have been that MINE handle all its debt, or at least a large portion of it. With this note holder satisfied, the door for merger/acquisition is now that much wider. Thanks for posting the filing.
Every time I read that I get chills. Thanks for posting. It seems that only once in a long while, and you can verify this with my wife, I do something right. And by that I mean being invested in MINE.
What? "My stocks" for ZLUE shows only 33 at this posting? I'd be nice to see that over a hundred. If you are in and haven't added this to your own "my stocks" then I wonder if you wouldn't mind considering doing so. It might attract more attention, which perhaps for most folks may be a good thing. On the other hand, maybe you like to keep what's in your portfolio private. NP. TIA
THE BID IS BACK!!!!!!!!!!!!!!!! at least for the moment.
LOL. CalderQuacks, you have a great outlook on life. Every cloud has a silver lining I suppose, but in this case the cloud just happens to be nuclear. Blew the bid right off the face of the earth.
Here's another positive outlook, in that at least now folks will have no problem averaging down. And the stock certificates make great place mats on my dinner table.
True, but it did seem to give it a little bump today. I hope we find a bottom soon, and not to low. I got in at .16 and missed getting out the next day at .28. Hopefully, someone, somewhere will eventually see the apparent quality of this brand and have the resources to do something with it.
GLTU
Thanks for calling. I appreciate that very much, but I do have a question, I got in late on all this, I just got into the markets about 6 weeks ago. I made a few mistakes, but things are going well. Besides all that, you used an acronym "MMG" Can you tell me please what the letters stand for? Thanks! GLTU
Well, illegal or not, it doesn't seem right. It just means I have more experience to to gained. And as for little players, like Pot stocks for a few months, I'm in that league at the moment, but hopefully not for long. I started with 10k shares, flipped it a couple times and by trading others in and out I'm finally up to holding 80k here. (But being small I have to protect my principal, so when we get to around .035 or .04, depending on the volume and depending on how volatile things are I'll most likely dump half). I know that's not much to you, but it's a start for me. And my ave isn't too bad here, I got in late, way after the first spike, but still average about .0175, taking into consideration my gains on my flips.
Thanks much for your point of view. I'll be copying it and placing it in my notes for future reference. Now if we could just break through this .019-.021 resistance we'll all be better off. Tomorrow or Friday, according to the daily chart, should prove to be very interesting. GLTU, Go MINE
Thanks, that explains a lot. I knew immediately that they must have been behind it. But it's nothing less than fraud. A person can't make a correct decision unless they have correct data. When a person achieves a capital gain by means of a lie, then that person has committed a crime.
I think it's about time I wrote to the SEC, what good it will do? I have no idea. But at least I did my part. I'm going to save your post and member mark you. Thanks very much for your reply and good luck to you.
One look at the daily MINE chart will tell anyone the direction we've been headed the last 10 days. The LOD has been increasing an ave of 5 ticks per day. It's a nice ascending trend line. We held two attacks at the .0175 level and turned over less than 100k shares at .0174. Well Done! But I don't get how nearly 3million shares can be bought at the ask of .0175, yet for those few minutes the amount on my lev 2 didn't budge from 10,000 for an instant. It stayed steady.
During the day today resistance has dropped to lower levels. It started at .0192 this morning, then to .0188 around 1, then .018 this afternoon.
Unless we get a good run in the next 3 minutes to a green hammer...
All hell will break loose in the next day or two. Everyone seems to be waiting to see where she'll go. It's up to us make it go the way we want. Many 100,000 share blocks traded about an hour ago @ .0175. Resistance was at .0192, where most of those buyers would like to dump for a mere 150 bucks or so. I guess that's their cash cow, but I've set my sights higher.
It's going to take quite a push to get us up through the "2 cent" barrier. It runs from about the HOD today to about .021. If we can push through that...
Any speculations? TIA
MICA. Seems like the kind of guy I could do a kitchen remodel for. That way, when his counter tops get delivered I can ask the driver: "Are these for Mica?" hahahahahahahahahahahahaha. Sorry, couldn't resist.
Nice daily chart. The 30 minute shows decent support at the .0175-6 level. I venture to guess that tomorrow, if we don't fall below that then we'll be giving .02 a run for its money, but we might not break through until Thursday. If .0175 gives way, then the next level of support is at the .016 as indicated by your chart. Then I think the resistance at .019 will hold and we'll break into a sideways channel. The flippers here seem to think .003 gain is enough to get in and out with. Personally, I have a much larger appetite.
I like the converging trend lines. It's going to get real interesting here in the next day or two. But as always if there's news, that will trump everything.
GLTU, GO MINE
Well it looks to me, based on current price movement that this could be it.
Oh well, maybe I spoke to soon. In any event, .0020 is the band that will give us the most trouble for now, but we've been on a steady climb for the last 8 days, maybe today will be our break out. But we'll sure need some volume. Good support at .016.
GLTA, Go MINE!!
There's about 116.7 mil on the bid, 443.4 mil on the ask. As of 11:39AM Eastern
NITE 44,400,000 .0001 .0002 198,181,498 NITE
CSTI 30,499,600 .0001 .0002 122,055,200 CSTI
ETRF 26,500,000 .0001 .0002 65,918,000 ETRF
ADTF -9,325,500 .0001 .0002 34,175,000 ADTF
CDEL -6,000,000 .0001 .0002 23,072,222 CDEL
VNDM ----10,000 .0001 .0002 ----10,000 VNDM
MAXM ----10,000 .0001 .0002 ----10,000 CANT
PUMA ----10,000 .0001 .0002 ----10,000 PUMA
VFIN ------10,000 .0001 .0002 ------10,000 VFIN
--------------------------------.0005 ----10,000 CHON
--------------------------------200.00 ----------1 MAXM
Well, the post looked nice and neat when I typed it, but preview took all the extra spaces out. So I added the dashes to try to straighten it out. I guess I could have taken a screen shot, but didn't want to hastle with booting up my photo shop program, etc. I just got up. Hope this helps. Have a good day. And btw, from the moment I started to type to now it didn't change.
And also, thanks for your contribution to the board. I hope the next one turns out better for you. Which, if you check out "my stocks" you might find something that will interest you.
That would be to easy to do. All his posts are on his profile. All anyone would have to do is chart his posts against closing prices of the stocks he covers. If his charting has no effect, then those he covers would move the way the majority of stocks move on average. But if they move otherwise, then there might be room for suspicion. Keep in mind, that he tends to chart stocks that have gained a large volume of attention; i.e. stocks that have had extreme gains in a short period of time. It's my experience that stocks like those have significant down days in short order. QASP has had 5 up days in a row. A correction will come in short order (no pun intended). Whether today, tomorrow or the next day, we all know that a pull back will happen and that it will only be due to the general nature of the market.
Witch hunts are easy to get into. They seem to be the nature of mankind. To prevent that, and to be fair, an unbiased look must be taken at both the good points along with the not so good. One aspect must out weigh the other fairly severely in order for a correct conclusion to be made.
Now I'm not a member of his circle, but I have watched many of his videos and have used his methods to save myself some decent coin. I think he's just someone trying to promote his business. If you have any proof otherwise I'd be happy to entertain it, but it's going to have to be proof, and not just sheer coincidence. Ok? GLTU
Something John Lennon said I think applies here. "Being honest may not get you many friends, but it'll always get you the right ones."
And here's a few more: (not by JL)
"Truth is not determined by its appeal but by the evidence."
"If you get caught in the middle, it's because you've bought a riddle."
"There is nothing very glamorous about the criminal, the breaker of his pledge, the betrayer of his friend or group. Such people are simply psychotic."
And my favorite: "Unethical conduct is actually the conduct of destruction and fear; lies are told because one is afraid of the consequences should one tell the truth; thus, the liar is inevitably a coward, the coward is inevitably a liar.
Well, we had a good day today, the last few days and I hope many more.
ZLUE Yes, I did. I thought that was pretty cool. I also looked up the company's address; Google mapped it, it's a 1.25 million dollar condo near the beach. I also discovered it was for sale, too.
At first, I was not sure what to think. I expected to see an office building or at least a warehouse in a business district someplace.
But then I thought about it.
The asking price is a litter higher than the Zillow estimate, and it's been on the market for a few months as shots of the inside show Christmas decorations. I decided that business must be good for the company.
Here's my reasoning: If someone were desperate for cash; they'd sell it for under the market to close quick. Since he's asking more and waiting, this tells me that there's no hurry, they can stay there as long as it takes and that as such they're probably moving "up" and not "down". The very important point I want to point out is they are able to move "up" on existing capital due to success of current business operations. Sure, of course there could be many "non-business" reasons for a change of address, but in any event, management has been able to take the business to where it is today, i.e. a thriving entity that has captured enough of the state market to justify the venture of going national.
Here's how I think it will work: If it were me, I'd want to appreciate the stock price legitimately, not by fluffy PR's. The complete lack of fluff in their last PR was quite the refreshing read. I think we'll discover their financials will be much better news than anyone expects. My guess is the company will have no debt, low overhead, at least $300K in the bank, profit and a decent PE and book value. They probably don't need a warehouse, they probably have shipments sent directly to a distributor. That's why the office is at someone's home. I think that's pretty smart. I don't think the company will just blindly start to dump shares into the market. I think they will do it in a much more respectable way. They may have private investors lined up that will get restricted shares with options, or perhaps a formal public offering, similar to an IPO. The company will want to capture the respect of big league market players.
It was also smart to open up operations in California, as opposed to some other state. I would not be surprised to discover that 30% of tennis players live there. And with a patent being applied for, my guess is that the "Vortex", with the right promotion, will become "THE" racket to own. In other words, one will not be able to be considered a true "player" by others unless they have a "Vortex". I can just see Todd and Chad out on the court, Todd exclaims to Chad: "Hey Chad, how do you get such magnificent spin?".... You will just have to own a Vortex in order to be able to hang with the "in" crowd.
And what does it cost to make? Well, it's just aluminum, string and leather, mass produced? I'd guess about $20, with another buck or two for shipping across the Pacific. So who here on this board would like to take a crack at possible company profits? Based on a $25 unit cost, a retail price at about $225, factoring in distribution and retail markup, what would a share price be based on half a million units sold per year?
There is a patent pending. I read that on their website. I'll look it up for in in the morning if you want. And btw, my first post on this board, I got in Friday. GLTU
Thanks. And it was good to see an accurate share count on the canceled listing. My faith is restored, even if a bit late. I really do hope this play works out whether I'm in it or not.
Well I couldn't find where you say it's been canceled, do you have another link? Or where did i miss it?
Link to KNSC business for sale ad.
There could be some plus points to this ad, such as maybe this means no dilution. And maybe other plans are still options. Also, I didn't sell just to sell. Another option became available; a confirmed RM that looked like a much better place for my resources, and this stock looked like the best position to close compared to the rest of my portfolio.
GLTU
KNSC for sale? That's the last red flag for me. I can only assume now that any merger and acquisition plans are canceled. The ad says the current staff will resign. The ad states there are just 5+mil common shares. Either the current staff don't know the difference between "million" and "billion", or they're thinking of a 900 for 1 RS. JMHO.
There's just too much contradiction between their past tweets of acquiring a halted MJ company, or how the share price will be worth 5 cents, etc... I mean, why even list the company for sale unless all this fell through? I felt I owed the board this post. And with my luck, the fact I got out this morning will in itself probably mean that the share price here will go up.
So good luck to you remaining; I'm out; see ya later. Good luck.
Link to Vortex FB page. eom