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raise your bid and get it represented on the L2 screen...
Just some random thoughts regarding ways we can support Fuego and in turn enrich our investments. The Beatles Tapes have been an enormous draw for the company.
1) Visit the web site often to increase web traffic. Did you know that the site is getting over 2 million hits a week and growing every month? The greater the hits, the greater value to potential advertisers for banner ads. Be sure to click on the banner ads and visit the advertiser(s.)
2) Get involved with Blogs across the net that are discussing the Beatles Tapes. Direct them to the Forum are of the Fuego web site to discuss the subject in detail.
3) Register in the Forum area and get involved in the discussions, leave your opinions and try to spark some discussions with visitors.
4) With 2 million hits a week... we have a tremendous resource at our finger tips to spread the word about FUGO. Again, get involved at the Forum-Investor area at the web site.
5) The web site has some really cool functionality including video uploads like YouTube. Post videos and link them to other places on the web. In fact the Beatles video from the Today show is in there and we could like that everywhere across the web.
www.fuegoentertainment.net
Tax season is probably the bottleneck with the auditor...
Yeap, expecting them any day now....
nice job...
UBSS sitting there and sucking up shares at .15
Free Exposure! Gotta love it.
If you want shares your gonna have to start walking up the bid till you get hit. If your order is not showing on L2 and its over the minimum 5,000 shares, you need to call your broker and demand representation on Level 2.
All I saw was .15 on the bid and the seller is not going down that low.
With today's rate cut and the positive earnings from Lehman and Goldman Sachs... markets are shaping up and may rally from here until the recession reality sinks in. Not much of a reason for Hedgies to sell right here.
Morgan Stanley Hires Top-Ranked Analyst to Boost Latin Research
Here is a good example of how emphasis in major money centers is turning towards the Latin market.
By Telma Marotto and Alexander Ragir
March 18 (Bloomberg) -- Morgan Stanley has hired Alexandre Falcao away from Merrill Lynch & Co. to oversee research on Latin American small- and mid-size companies, part of the second- biggest U.S. securities firm's expansion in emerging markets.
Falcao, 29, was named Institutional Investor's top analyst for Brazil small-cap company research in 2007, Morgan Stanley said today in an e-mailed statement.
The New York-based investment bank plans to boost its coverage of Latin American companies 63 percent to 150 stocks by the end of the year, Dario Lizzano, head of Latin American research and sales for Morgan Stanley, said in a phone interview from New York.
Morgan Stanley's Latin American research, trading and sales staff may increase by about 25 percent by July, compared with a year earlier.
``The firm is expanding across the board in emerging markets,' said Lizzano, who left Banco Santander last July. ``The long-term perspective for Latin America is very good.'
Morgan Stanley has 23 analysts and economists on its Latin American research team.
http://www.bloomberg.com/apps/news?pid=20601086&sid=aNjs2RukXmds&refer=latin_america
It would be great to see the site become an effective online distribution system for all media types. Glad to see the company is so progressive and sees the industry as it will be in 10 years.
The bullet train>>>
Just from watching the tape and L2 every day I would take a guess and say this has been taking place since the Beatles announcement. Hedge Funds strive to beat the market and don't just wait for risky home runs. They were likely selling into the news on the way up and down.
Maybe at the end of this quarter they will be done. With the price stabilized in this range we might also see some more buying to help him move a few more.
The thing to keep in mind is that when he is done we are going to see a rapid recovery as the imbalance of trades move to the buying side and the chart shapes up. Im not sure who is sitting here on the bid, but my guess is that its good old market makers, the best traders in the business. They have been loading up shares and are going to be more than happy to sell them back at higher prices. Hopefully the fund's shares will also add some much needed liquidity to our trading.
One last thing... the hedge fund could have handled this in a completely different way. They have been extremely gentle in this process giving ample opportunity for buyers to come in. They don't sit on the ask and keep dropping it lower. The result is this massive spread. They have waited for us to come in on the bid, but unfortunately in the penny market it's hard to find buyers that will accumulate on dips. When a chart shapes up and moves higher.... Only then does everyone jump on the wagon.
So, to answer your question... not sure how many shares they have left, but that's not the point. I'm not going to wait to see them dry up and miss the opportunity to get shares at 16 to 20 cents. There is only one seller, when he is gone its too late and the bullet train will have already left the station.
.<font color=green>Found out what is going on...
We have an institutional holder that has been selling some shares. This is a friendly hedge fund with a very large position who is unfortunately in a situation requiring them to re-balance their portfolio. They own 1.8 million restricted shares and a large number of free trading shares purchased in the open market. They are looking at the restricted shares as their long term position and the free trading were only for short term.
The fund is in communication with the company, but has not disclosed how many shares they needed to liquidate.
I for one am relieved to know the source of the shares and Im even more relieved to know that this is simply a result of market conditions and not a Fuego specific sell off. Just look at todays issues for Bear Sterns to understand the pressures that all funds are under.
Here is the caveat to the situation. If we did not have a seller at this time then the price would never have dropped this low. I hope its not too counter productive to state this, but I am sending money into my long term account to load some more shares ASAP.
Hugo says he will gladly take any calls concerning this situation. His attitude is extremely positive in terms of the company's performance, but he is also frustrated that we have a seller. Again, Hugo also sees the bright side of the situation in that the true longs are getting a wonderful opportunity to get cheap shares while the company's growth is progressing faster than anticipated.
This is an opportunity that all shareholders should take advantage of while it lasts and I think, according to the chart, that they can't afford to sell much cheaper than where we are today. When these shares are gone then even the slightest bit of buying is going to send us up quickly.
I hope this has added some clarity to the situation.
Burp, your concern was valid on FUGO, but I think it is working its way out.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=27644717
.19 seems to be the magic number
When are we going to get this show on the road? Thanks to bonehead there are plenty of cheap shares available!
Burp... have you talked to the company?
Watching your posts it is obvious you made an excellent entry here at the bottom. My guess is that you will take a handsome profit on the first sign of strength like a good trader should, but Im just curious if you have any feel for the longer term potential developing at Fuego??
This board is strictly for Fuego Entertainment discussions and I respectfully ask that the personal issues be taken up somewhere else.
Squeegee
Molten Mike Songs Offered By Fuego Entertainment
FOR IMMEDIATE RELEASE
Singer/Songwriter/Musician Molten Mike has signed a digital distribution agreement with Fuego Entertainment Music International (FEMI).
“I listened to Molten Mike’s 4 CD’s and really like his music” said Hugo Cancio, President of Fuego during a recent telephone conversation.
“I am pleased that Mr. Cancio has picked Molten Mike for his website distribution.” said Randall Ierna, Publisher with Ranluron Music, BMI.
“Molten Mike is a fine Songwriter, Singer and Musician and songs on his CD’s range from Americana-Blues, to Smooth Jazz, to Pop and Rock. His CD’s include “Genuine Bluesman”, “Blues Meltdown”, “The Movie” and “Chameleon”. All 4 CD’s attained #1 status on another digital website and we feel that this agreement with Fuego is a great first step for both parties.” concluded Randall.
Molten Mike is known worldwide for his incredible National Steel Guitar playing. His tour of Australia which included 31 performances in all the major cities, left the Aussies with fond memories of his distinctive music. His 5th CD “All Blues” has just been re-released in the US.This Cd, which is a compilation of blues songs from the 4 earlier works and including a new song “Aussie Surfer Girl” was originally released in Australia and sold out.
For more information about Molten Mike just go to www.moltenmike.com and to order downloads please go to www.fuegoentertainment.net/store
Sir, you made many fundamental mistakes it seems. Its hard to look within and evaluate why we make the decisions we make. We all tend to just blame someone else.
#1 - Never invest in Pinks, only trade them
#2 - Never believe anything your told
#3 - Get in and get out, dont let greed dictate trades
#4 - Never expose yourself to more than a 1% risk to your cash
#4a - Risk on Pinks is 100%, so never put more than 1% of your cash account into a Pink position
There are plenty of other rules and you need to set your own. Losing money in the market is called "Paying your Tuition." Believe me when I tell you I have paid mine many times over!
Best of luck...
No offense intended, but if you are stuck in a stock... the last thing you need to do is shoot yourself in the foot by trash talking your position!
BTW, welcome to Pinky World... "Caveat Emptor"
Okay, time to get this pump a workin!
Actually, PFNC was the previous ticker when it was on the OTCBB. Notice your chart only shows data thru January making it just as worthless as the IBox chart.
StockCharts database is obviously not current.
Yes, this is the last few weeks that FUGO will have to answer the question... "What about their revenues?" Looking forward to a nice little improvement in that department. Not looking for anything monumental, just the beginning stages of a growth pattern that will gain momentum making 2008 the year that FUGO left the launch pad.
Hey Burp,
I dont have an account with I-Hub, but wanted to get back to you about your question on FUGO. According to Dan, the company's IR contact... The S-8 is for restriced shares ownned by Hugo Cancio the CEO. They are not to be sold into the open market and are being set aside for future business use, primarily acquisitions. Up to this point he has not had any free trading shares to sweeten the pot on some of the recent deals like the Beatles Tapes.
I'd like to add that Dan [the IR contact] and Hugo are always available to answer any questions that shareholders have.
Squeegee
Sound thinking!
.<font color=green>Buy Signals Galore
Here comes the bounce as people are picking up cheap shares. .25's going fast....
.20 X .22
MMs are stacked up at .20 with a .02 spread. What more could we ask for. I am friggen tapped out or I would be all over this price!!!!!
.<font color=red>New Chart
Notice that the Money Flow and Accumulation/Distribution indicators have not dipped at all. The price has come down simply due to GRAVITY and almost no buying. There has been tiny selling and some of us have been wise enough to sit at the bid and wait patiently for shares to drop from the sky, but this price is insane!
KRS-ONE Album on front page at I-Tunes!
Time to buy the .25s! weeee
Fidel Castro stepping down as Cuba's leader
HAVANA (Reuters) - Ailing Cuban leader Fidel Castro said on Tuesday that he will not return to lead the country, retiring as head of state 49 years after he seized power in an armed revolution.
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"To my dear compatriots, who gave me the immense honor in recent days of electing me a member of parliament ... I communicate to you that I will not aspire to or accept ... the position of president of council of state and commander in chief," Castro said in a statement published on the Web site of the Communist Party's Granma newspaper.
FUGO's CEO, Hugo Cancio has many contacts and plans in Cuba. Curious to see what develops here.
Not a creature was stirring... not even a mouse
COIN is in a Bollinger/Keltner Squeeze
See some pretty wild charts here so I thought Id throw this to ya.
Fuego shot independent footage of the CMKX scam as content for the documentary. Don't think there is any connection to Mark Faulk, but call Dan York if you want to be sure.
what...what....
did someone say something?
Trade Ideas help needed. I have not been unsuccessful at setting up the scan criteria to find what I call a "Slim Jim" setup. My criteria is a period of moderate consolidation in the top or bottom 80% of the days range. The perfect setup would look like a morning run up followed by a mid day consolidation that looked like a Slim Jim, thin and long. A volume break of the consolidation pattern is usually a pretty nice trade. I have been successful at writing every scan I ever wanted until now. This one has me stumped. Below are a couple decent examples.
Thanks sterling. I like your numbers better than mine.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=25823939
Thats show biz...
Jeffrey Collins Interview Linked:
http://www.msnbc.msn.com/id/21134540/vp/22965189#22965189