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amen boondock...
Still it's fun to look at...but I don't give it too much weight, especially on the OTCBB. If memory serves FXGP shot up around 50% after a wait or sell comment from a-bulls. The otc is too lightly regulated and too heavily manipulated in my opinion to weight any one singular indication too heavily.
Thoughts on DNAP...(on my radar now thanks)
I'd never heard of it before so I'm assuming it's not getting any real promotion thru paid IR or toutsheets etc. If you're aware of any please point it out to me.
The chart looks intriguing as I notice OBV is pretty much even with where it was in March when it was trading much higher. They seem to put out a fair bit of news so I'll have to do some DD.
In the near term stokes say oversold...Anyway I'm putting it on my watch list, thank you.
tarantuala99 re FXGP...
Their last PR was May 17 when they announced they had:
"secured binding agreements to acquire two separate and distinct companies".
However there was a cautionary note right up front that said:
"The acquisitions are subject to financing which is currently being negotiated. No further details are being disclosed at this time regarding the companies being acquired, terms of the acquisitions and subsequent financing. Furthermore, until such financing is secured, there are no assurances that the deals will be consummated as planned. Upon completion of the financing, the company will disclose pertinent information regarding said transactions".
http://biz.yahoo.com/bw/040517/175770_1.html
Assuming the financing goes thru and then depending on the companies being acquired there could be some great news coming. Who knows? This is the OTC and alot of people regard it as a crap shoot for good reason imo. Regardless it doesn't appear to me as though there's been any mass exodous in terms of FXGP money flow. Quite the opposite in fact in my opinion.
Best case scenario as I see it...Financing goes thru and at least one of the companies being acquired has revenue.
Worst case imo is no financing and no acquisitions.
uhm dkgross re QBID....
I don't know if you know what they're about but...well I don't know if I'd be using the term 'buttload'.
I shun the pinks personally but there is one that is on my radar that I know is a legitimate company trading at about 4 cents. Any advice for how to play pinkies?
dkgross that was an amazing post...
And you earned a person mark from me For alot of penny players though news is what is wanted. Who cares if what's being reported will ever actually drive revenue...this is the OTC after all. Just so long as it drives buyers to the stock and the MMs move it up then all is good I guess.
Alot of the stocks that have seen big runs recently did it with alot of news/hype/promotion...not just guys on bull boards (although that's part of it). Then later you often find out the authorized shares have moved into the O/S...but by then the boards have turned into whiny bagholders complaining about: dilution, shortselling, bashing...
chill psslt...
I post alot more facts than anything you've ever done with NRES or IDGE and FXGP is doing better than both of those. Chill...you don't have to buy FXGP. It's not my fault FXGP's chart looks great with both the 50 and 200 DMAs climbing
My take on FXGP...
The hype factor alone in my opinion could easily send it to a nickel if not a dime. That's if it starts to get hyped: hototc and hotstockchat email blasts, analyst type write ups, stockprowler...etc etc.
There are all kinds of ways OTC stocks grab the attention of penny stock players. Right now FXGP is very quiet with only 2 PRs this entire year.
If you look at any number of this year's big OTC runners...IBZT, WNMI, ONEV...I would suggest they achieved substantial gains not based on anything fundamental but in spite of their fundamentals.
Add into the mix the Homeland Security element and I can certainly envision FXGP becoming a very hot stock. Right now it's just a few longs posting...if it starts getting hyped?
questsolver...
Everyone always talks about O/S share count...I prefer auhtorized. I like 'em where I can see 'em as it were:
http://www.otcbb.com/profiles/fxgp.htm
skaka...re cmkm
Authorized shares show as 500,000,000 as per otcbb.com
http://www.otcbb.com/profiles/cmkm.htm
Is that too many? Or do you not think they'll find their way into the float?
As for FXGP's fundamental picture vis a vis their SEC filings...I assume that with a PPS around .0070 that those fundamental pressures are 'built in'....
You don't have to agree.
shaka...@ what PPS?
Is that for a stock priced at .10, .05 or any price?
shaka...
I'm talking about authorized not O/S....in my experience authorized shares have a way of making their way into the float on otc stocks. FXGP's auth and o/s are basically the same. WNMI's was 80 mill vs 800 million when I first checked in late March o/s vs auth.
skaka I'd beg to differ...re FXGP
Look at IBZT and WNMI's authorized share counts and what they did. You have to realize this is a stock still trading at or near it's low that hasn't been paying any promoters.
A reverse split down the line? Sure...that I can see. But not in the near to mid term in my opinion.
American Bulls' Comment on FXGP...
Candlestick Analysis:
Today a Hammer formed. The bears drove the price down, but the bulls were able to mount a rally and the close was relatively strong. Be careful, the bears are weakening and the bulls are gaining strength!
http://www.americanbulls.com/main/StockPage.asp?CompanyTicker=FXGP%20%20%20%20%20%20%20&MarketTi...
American Bulls' Comment on FXGP...
Candlestick Analysis:
Today a Hammer formed. The bears drove the price down, but the bulls were able to mount a rally and the close was relatively strong. Be careful, the bears are weakening and the bulls are gaining strength!
http://www.americanbulls.com/main/StockPage.asp?CompanyTicker=FXGP%20%20%20%20%20%20%20&MarketTi...
American Bulls' Comment on FXGP...
Candlestick Analysis:
Today a Hammer formed. The bears drove the price down, but the bulls were able to mount a rally and the close was relatively strong. Be careful, the bears are weakening and the bulls are gaining strength!
http://www.americanbulls.com/main/StockPage.asp?CompanyTicker=FXGP%20%20%20%20%20%20%20&MarketTi...
That would work for me domer...
The volumes are so low right now for a sub penny stock....especially when you look at the volume we saw in January without any news happening.
FXGP consolidating above the 50DMA?
FXGP chart...
Hoping it's ready for another leg up with consolidation over the 50DMA.
FXGP no trades since 12:55
Here's a cut and paste from wallstreet city. This has to be a glitch:
Bid: 0.007
Ask: 0.007
Bid/Ask Size: 2,689,900 / 5,000
52 Wk High: 0.114
52 Wk Low: 0.001
%Change: 0.0%
Market Cap: N/A
Price/Sales: N/A
EPS: $0.00
P/E Ratio: N/A
Market Data Powered By ComStock
05/27/04 - 2:15 p.m. Eastern -- 15-20 min Quote Delay
Last 10 trades
Time Price Volume Exchange Info
12:55:37 0.007 20000 OTCBB at Bid
12:09:17 0.007 44000 OTCBB at Bid
12:09:17 0.007 120700 OTCBB at Bid
18 posts a day domer....
and you waste one by just saying "yes"....So what are your thoughts? I may just leave the RB forum altogether...wolfie is getting too strange for even my bent tastes.
FXGP Chart...(yes I'm still hung up on *in* it)
Any thoughts about a possible bounce off the 50DMA? Volume is really low these past 2 days...
&r=8519>
FXGP Chart...Hopefully some Volume tomorrow:
And that's all my posts for today unless happy hour comes.
oregon...(former beaverton resident here)
Given the volumes already traded and the hototc and hotstockchat email blasts that accompanied them I think MMs are fixated on keeping shareholders in the bag in my opinion. I think it'll follow WNMI's path, channeling down slowly with the odd little spike to keep Billy Beercase interested.
good luck...hope I'm completely wrong and ONEV is one of the OTC stocks that makes it.
Oh, just 1 post left and I'm saving it in case FXGP makes a nice + move.
you sold???
Well then forget what I just said BTW congrats on your gains...I know you got into that one before anyone had even ever heard of it.
Now all we need is for FXGP to attract that kinda attention...put FXGP at the top of hotstockchat's email blast and (okay okay...gotta calm down now).
domer re wnmi...
My opinions not withstanding WNMI has a huge following...if it starts moving it could easily snowball. Well good luck big guy!!!
billy, here ya go..re hotstockchat's blast
This is a post I put up at RB yesterday.
hotstockchat...top o' the list:
For the heck of it I decided to see how the stocks at the top of hotstockchat's email blast have faired a month later and back:
April 21/04
GWDL $ 0.0014 +0.0006 822,878,225 Sub-penny that has a history of brief runs.
Closed today .0007
April 20/04
APBH $ 0.022 +0.0075 1,045,236 Big morning.... what will the afternoon bring?
Closed today .016
April 19/04
GFYF $ 0.0026 0.0012 467,805,710 Lots of emails on it over the weekend...
Closed today .0010
April 16/04
CIRT $ 0.086 0.016 6,473,343 Breakout...
Closed today .058
April 15/04
CIRT $ 0.07 +0.007 7,186,618 Nice Chart, watching.
Closed today .058
April 14/04
EUOT $ 0.13 +0.03 532,199 From yesterday's list... up another few cents today.
EUOT.OB No such ticker symbol. Try Symbol Lookup ???
April 13/04
EUOT $ 0.11 +0.04 975,787 New to the list today.
EUOT.OB No such ticker symbol. Try Symbol Lookup ???
April 12/04
IBZT $ 0.04 0.004 21,785,767 Watching again...
Closed today .00208
April 8th/04 (4th of 4 days in a row)
BOCX $ 1.60 -0.37 4,290,315 Traders having fun with this...
Closed today now BOCX.PK $1.44
April 2nd/04
CYPT $ 0.565 +0.025 728,327 Bouncing back some more...
No matches for cypt.ob or cypt.pk
April 1st/04
DMTY $ 0.69 0.10 347,320 Again... it keeps going.
DMTY.OB No such ticker symbol. Try Symbol Lookup
here's today's list:
RDVN $ 0.54 +0.08 1,249,427 From yesterday's list, following through.
RSCA $ 0.215 +0.056 7,203,686 Ditto!
PFCE $ 0.51 +0.13 498,320 And, again!
VPER $ 0.63 +0.06 181,222 Chart setting up nicely short term.
TRPL $ 0.08 +0.01 665,600 Big move yesterday... holding on today.
ONEV $ 0.118 +0.029 15,653,176 Inching up again... Watching closely.
SLRXF $ 2.00 +0.12 187,080 New high...
bbstock...
I've notice a trend with stocks listed at the top of hotstockchat's daily email blast. 1 month after the fact every stock I checked from April's lists, all down.
If you're bored...
And wondering about what's going on now that Afghanistan is outta the news type "Caspian Oil Basin" into google.
no worries clouser...re FXGP
I'm just waiting to see what happens with the financing news that the last PR spoke to. Hope it goes thru cause depending on the companies being acquired at minimum I can see it being one heckuva pump. But you lose nothing by not playin.
I just checked the PR...
Seems like regular OTC fare...congrats on the run.
everyone always blames the MMs...
alot of people sell into news...
FXGP Bid UT .008/.0081 volume 1,237,573
timmage re adzr...
I've done a fair bit of DD on ADZR and if you're interested I don't mind sharing (it's not good)...if you're just doing the quick trade then good luck.
FXGP Holding on Low Volume...
Which way is it gonna go? News expected at some point on financing for acquisitions as per last Thursday's PR
bb re adzr...
Their PRs never give much if any detail...but they sure do get people excited. They've got quite the profile at stockpatrol.
Is their SIC code still a furniture maker?
depends where the volume comes from...
If it's all joe sixpack buying because of a fluffy PR or some email blast...then. But volume without any news/hype/promotion always raises my eyebrow. Look at FXGP in January, I don't know where that volume came from...but IBZT was the stock that had Billy Beercase all hot and bothered on the OTC in Jan.
billy re FXGP...
This stock gets 'some' chatter on the boards...but not much. I doubt most have DD'd it beyond the chart. With the enviornment now after yesterday's and this mornings news...well if FXGP was more widely followed I think it would already be flying.
FXGP - Trading light (chart)
Still waiting on news about financing:
FXGP chart...c'mon baby
Need to see it stay above the 5 and 10 DMAs tomorrow. Strong volume and it's a day to watch and enjoy in my opinion. News expected re financing of 2 separate acquisitions.