Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
What's up with the lack of PR's lately? Anyone talk to ETIM management about this recently?
TIA
Opp
lurker, how does L2 look? 0.0050 to 0.0055 again?
TIA
Opp
Thanks iwantmoney. What's new over here at SFNN? I'll go read the posts to catch up, but still can't quite figure out why Barron is so silent. It's still disappointing IMO. If/when they do have something decent to PR ("if" rather than "when"???), a return back to 3 cents will seem like a major run upwards - and I guess it will be a 300% gain (!) Problem is, most of us former longs bought in around there (0.025-0.03), so MB's silence over this long period is really a kick in the groin to us shareholders. But it's a pat on the back to short-term flippers - guess that's what he wants. I can do that too if I have to, but I prefer to buy and hold for several weeks or even months if the opportunity is there. MB has essentially taken away that opportunity - and who's to say he won't let this fall even to 0.005?
It's a shame IMO - but that's pink sheet stocks for ya ...
JMHO
Opp
I sold my SFNN for ETIM - last time I said that on this board, my post was deleted ...
Opp
Sideways tomorrow, which is an OK result. It will go up with a good PR ...
JMHO
Opp
Parabolic SAR is an after-the-fact, essentially useless indicator IMO
Opp
I call your bluff and say "prove it". You say you bought 77 million shares at 0.0046, that's a LARGE MAJORITY of all the ETIM shares traded the whole day, and the value of that is over $350,000!
Who would spend such money on a sub-penny stock? Why not just go buy a company and run it yourself?
You are either a market maker, a mega-millionaire with too much time (and money) on your hands, or a storyteller ...
Prove me wrong (or your posts have lost all credibility) ...
Opp
I sold 500k at 0.0055 this AM, and just got my order filled for 588k at 0.0047
No worries lurker, just ignore people when they give you grief about posting or using charts, or L2 for that matter. When you do that, you earn respect from some of us, tecchie investors who rely on chart indicators rarely become bagholders
GLTY!
Opp
The trend is not "down", as you say
, it's a pullback within a strong uptrend
It makes a difference
Opp
Agreed! (eom)
Yes, so far so good! I can't get filled at 0.005, shares are indeed tight ...
I thought someone's prediction on this board (the poster who has the cool rockin' cat) for 0.008 today was too optimistic - but maybe not! You never know in penny-land!
Opp
I've had a 'test buy' in there for 10k at 0.005 for the last 30 minutes, can't get filled. That's a good sign IMO, not a lot of stock out there to be had at 0.005 at the moment ...
GLTA
Opp
Need to turn over the float on ETIM every week or so, ideally. But at only 100MM/day, it will take awhile, longer than a week, more like a month. So we need volume. Even at 0.005 or a bit lower, big volume is the key. This passes the torch from one set of buyers (with their goals and profits) to another set (with higher goals and no profits) - then the price rises ...
So if people who bought at 0.001 are now satisfied with 0.005, we go sideways for awhile until they finish selling. Hopefully they are greedy and will hold their shares ...
JMHO
Opp
cdnkid - ETIM doesn't HAVE to retrace! Look at a 1 year chart for FRPT back in May 2006 when it first took off. Eight days (!!!) straight up before the first retracement, and then it was only a 10-15% pullback. Or, try HMGP from mid Dec 2006 to mid Feb 2007 - TWO FULL MONTHS (!!!) of moving up with no pullbacks, the only thing it did was trade sideways a few times for 4 or 5 days. Better still, there are several 10-12 days periods of 'straight-up' (!!!) during mid-Dec to mid-Feb ...
I'd love to see any of those outcomes for ETIM right now - and they coould be possible, why not? Sure it could also pullback now, but maybe not. The chart is certainly very strong technically right now ...
Nothings is certain in the market, even much less so for pink sheet pennies!
JMHO, GLTY
Opp
Sparta - that is definitely not the case IMO. You wrote:
"All those flippers who save themselves $200 worth of shares are the ones who hold this back"
If only us small-time flippers had that much power. I wish. I flip a little precisely because I know the MMs games, not because I 'cause them'. As you personally trade more (especially in pennyland), you will see that all investors on this board are AT BEST just 'dust in the wind'. That's not a criticism, it's just a fact. It's the MMs world (sad but true). Best you can do is learn their games, watch the charts, and trade (and invest or not) accordingly.
BTW, do you think that I would flip 300k in order to 'hold back' price appreciation on my other 2 million? I'd like to see ETIM shoot straight up to 8 cents on Monday
But the MMs will never allow that - they are in control as always ...
JMHO, GLTY
Opp
Yes qaswaseas, that is true. I tried to flip a mere 290k shares at 15:04 yesterday, at 0.0064. It was good to see what happened. They only ever filled 157k of that - even though I watched several million shares (literally) trade 'past me' at 0.0065, when I had a better offer at 0.0064 (and I did not have an AON restriction on my sale). I even lowered the ask to 0.0063 - but no fill for 20 more minutes. "MM = market moron" So I finally sold the last 130k "at market" at 0.0060 ...
Then I got lucky, I put in an order to buy back 300k at 0.0056, and with 5 minutes left in trading, I got it. You wrote: "Most retail buy orders at lower levels are not being filled, although a few are lucky, depending on the brokerage firm used." EXACTLY RIGHT. You clearly know the game ...
Making a flip sale like this gives one a good idea about the MMs 'situation' on a stock, as you say. If you get immediate fills when you sell, that's not always a good sign, especially if the volume is not at its max. To me it often says the MMs are distributing shares quickly, and the price will fall soon (accordingly). As you have said (rightly IMHO), the MMs seem to want a lot more ETIM stock than they can get. So they are surpressing the trading to suit their needs - playing with the bids/asks, ignoring the ones they feel like ignoring, holding back sales and holding back fills to suit their needs and plans. Sad but true, but as most of us know, it's how the game works. The best we can do is learn the game and play along with them ...
GLTY
Opp
(PS I hold 2 million shares long that I will not flip until somewhere between 8 and 13 cents )
TFN - who are the main one or two MMs on the bid and ask, if you don't mind me asking?
Thanks
Opp
(They just took another measly 10,000 of my 290k)
PPS I still am holding another 2 million shares long, not trading those until 8 cents
Fascinating. I still have 289k out there since 15:04 for sale at 0.0064. They bought a mere 1000 shares so they could have a commission. So now I know that the MM's here at ETIM are crooked. What a surprise ...
Opp
You could be right (I hope so) I love your cat logo ...
GLTY
Opp
MM games! I'm trying an experiment - I put 290k shares for sale at 0.0064 at 15:04. Look at the tape - The mm's took a mere 1000 of my shares at 15:08 - and haven't touched my others since. It is trading at 0.0065 - my 289,000 shares are out still there at 0.0064 - yet they won't touch them ...
Over 1 million just went by at 0.0065.
Just goes to show what they do down there in the electronic pits. I hope they all get burned one of these days
Opp
cougar - that's a good point, thanks! EOM
To be honest, the pet industry is what attracted me to ETIM in the first place. If you buy an urn or 'special' casket for a person, there will often be family-peer pressure to deal with at a sensitive time in everyone's life. But if you buy an urn for your PET, well, hey, everyone always knew you were a pet lover and doing that isn't going to upset traditional Aunt Margaret or the in-laws (if you know what I mean) ...
There are a ton of pet-lovers out there (myself included) who won't even think twice about buying an urn for our cat or dog - I WANT one of those urns up on my shelf when my little furry friend has to depart
Opp
WHEN TO SELL? You know what really works??? BUY SOMETHING with your profits just once. Something you really want, something tangible, or better still, a gift for a loved one (like a ring, or a trip to Hawaii for your parents, or something your kid wants). You decide on what you want to buy (for yourself or someone), then sell some of your shares, taking profit, and withdrawing the money. You must withdraw the cash from your account. Then go do the gift buying ...
THEN you will see that a) it was real money that you made in the market (not just paper), b) that your profit can make a tangible difference in your life or someone else's life, and c) it will help solve your 'greed' and/or your 'when do I sell, oops, I held it too long and lost it all' problem
Try it once, it will change your thinking forever IMHO (ESPECIALLY if you use your money as a gift to someone else!)
JMHO
Opp
I wish it was that simple (that ETIM will do well as long as people are dying, as you say). I'm still learning about this company and Clint et al, but we all know it COULD be quite easy for Management to run this company (and the shareprice) into the toilet - it's easy to do on the pinks, as you know (SLJB, CKYS, etc).
For ETIM, the great things now are 1) the chart is superb!, and 2) the product seems to have found a unique market niche. This combination isn't that easy to find these days in amongst all the smoke and mirror companies on the pinks and OTCBB ...
So yes, we can all enjoy the ETIM ride for a little while (and maybe even a long while). Hopefully Clint and the products' success will overcome the MMs and their naked shorting schemes. Hope Clint and Management stays alert to the latter ...
GLTY
Opp
Interesting LP, thanks! I am looking day-to-day, you are looking back almost 1 year. Both are valid IMHO, refreshing to see your take on that - thanks!
GLTY
Opp
Hi ETIMlurker. I'm not saying now is the time to sell, I just love to drop a 'greed' reminder (to myself as well!) whenever I see someone mention that they are "up several hundred percent" when a stock is in an uptrend. So often, those same people (and I am not saying that you or Superbee are these people, I'm just generalizing) hold thru a reversal and long into a downtrend, losing much, all or even more than they originally had in profit to begin with. We've all done it
Buying and holding are easy - selling is the tricky thing to master
I let the chart tell me when to sell. It's just easier that way (to let the technicals over-rule my emotions). Today is not the day to sell ETIM IMHO. However, there will come a day ...
GLTY!
Opp
Greed is a powerful sin, beware
JMHO
Opp
Hi LP. Not sure why you chose 0.0063. IMO, it needs to close above yesterday's high of 0.0065 to preserve a technical uptrend, or else today's candle will be red. Red candles are almost always followed by a few days of retracement and/or basing (perhaps back down to 0.0050).
Also, if it closes exactly at 0.0065, that's a doji top, which usually indicates a short term reversal - more retracing and basing, again maybe back to 0.0050.
I don't know how this will end today - flippers may wanna take their (excellent) profits from this week and sell out, hence we close 0.0055-0.0060. Or, buyers may be afraid to wait until Monday when the price may take off again, so they buy in bulk in the last 30 minutes today, driving us above 0.0065.
My guess is that we close lower today (0.0055-0.0060) and then retrace/base for a few days, the bollies are way too far apart and the volume today is significantly lower than yesterday. But if there is a PR, well, all bets are off and we may again bust upwards
My guess is 0.0055-0.0060 by COB today (sorry, I wish it was at 0.0100, but hey, we'll get there soon enough IMHO)
GLTY
Opp
Do you have evidence for that? Sorry, I joined this party late (only a few days ago at 0.0036 average) , so I'm not up to date on any of ETIM's buyback plans. But I wouldn't be surprised if they aren't buying back now, and I would have guessed they've even been buying back over the past several weeks, knowing what they know as insiders ... how/when would they have to report this, or, since they're on the pinks, do they even have to report it?
JMHO and TIA
Opp
Spinning tops are typically REVERSAL patterns, not "signs of strength" as you say ...
Look up 'doji' under chart patterns and you will see this ...
Opp
Thant's not a gap - 0.0065 was yesterday's high ...
I realize the mm's play games, but often it's still good to see/watch who's doing what early on ....
Thanks anyhow,
Opp
I know it's early, but L2 anyone?
TIA
Opp
CMF doesn't correlate at all with share price or price trends - just look at SFNN recently ...
Opp
Nope, it was me, another 500k
Definitely agreed. MMs add and pull bids at will - smoke and mirrors. It's the actual trades that count
Anyone have an L2 lineup this AM?
TIA
Opp
I sold at 0.012 and 0.0125 yesterday - someone else dumped at 0.011. Technically, 0.011 is bad as it's a new low for a close. No one even wanted to paint the tape at the EOD - sad.
I don't know what's going on in the background at SFNN, but Mr Market clearly doesn't believe things are ideal. Either they are driving the price down to accumulate, or there is dilution, and/or there are imminent poor earnings ...
How can we small-guys know? Two ways IMHO:
1) look at the chart
2) interpret the PRs from the company
Well, there are essentially no PRs from this company - so that takes care of that ...
And if earnings are bad or dilution is happening? Well, I have no excuse, the chart warned me long in advance ...
And if the MMs are driving the price down intentionally before a run up? Well, they've been doing that since 0.025, who's to say that rot doesn't stop until 0.005? By that time, I am a bag holder and I NEED a 5-fold price increase JUST TO BREAK EVEN. I won't wait that long, it's bad trading and bad investing IMHO ...
... especially since there are other opportunities out there in Market-land with good charts and frequent PRs (even if their PRs are hype, I can still trade and profit from them) ...
JMHO, good luck with SFNN (I'm not going far )
Opp
If I tell you, this post could be deleted I will send you a PM if this post is deleted ...
For the sake of fair and honest information dissemination for those who read this board, I will say this much. My personal stop loss was at 0.015 - I started selling then, but I should have dumped it all when I had the chance. Instead I foolishly 'hoped' for things to turn around, but yesterday's candle on the chart really hurt technically IMO. Nobody would even paint the tape in the last 20 minutes to get off the 0.011 LOD. I've been selling my 800k between 0.015 to 0.012 ...
... and I've been watching, and putting my $ into another (unnamed) 'penny stock' that' is now at 0.004 - that one has an absolutely superb looking chart technically, that looks like it could rise 'Eternally'
I have not given up on Shearson, if it gets down to 0.008, I am buying back 1 million shares for sure.
GLTY
Opp
Based on what? All important technical indicators on the chart look terrible right now, all support is broken, and CMF obviously does not correlate directly with share price.
JMHO
Opp