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In fact, I don't recall hearing anywhere that Ribbons Natural was the candidate...does anyone else? I would like to see the DD where that was posted.
Something smells here.
I'm holding.
Better candidate possibly. Doesn't mean this thing is off guys. It was JUST reinstated.
We found support people. The only selling going on right now is between MMs.
Bouncy bouncy
Exactly. The RSI is balancing out a little bit here too (for the daily chart). No reason for anyone to panic.
You bet I am.
Yes! When the bashers show up thats when you know sho sh*t is goin down.
Right when the MMs start to shake the tree, he shows up.
Its like clockwork with these guys.
WTMK has reorganized and, with a pending merger just about finalized, looks ready to post gains this month. The stock has started to mount a rally, that will likely gain momentum in the coming days. Today the stock closed up 94% amid heavy volume. With only 100 million shares authorized, and nearly 10% of that traded today, you can expect continued demand to push the price with greater ease, as investors hold on for bigger gains.
WTMK has been reinstated at their Secretary of State on March 31st, only a week ago. This confirms that the merger is indeed almost finalized and I would expect a press release stating such in the near future. It also signifies that this is the start and not the end.
I would think a short term target would be today's high of $.01, although I wouldn't rule out a run to $.02 or better with a press release confirming the finalization of the merger. This merger will bring with it millions of revenue and bolster the intrinsic value of WTMK shares. This scenario has yet to be fully reflected in the price of WTMK stock.
Link: http://pennystockgurus.blogspot.com/2010/04/wtmk-whitemark-homes-inc-stock-to-watch.html
If you look at more recent posts since this one, you will also see that there is a high level of confidence surrounding this one.
I believe we need some sticky DD on this board. I will post some findings from a very thorough blogger and also provide a link for your viewing pleasure :)
Except its not going to be a "double" merger, there is just more than one candidate. I think people are getting lost in the language.
Yeah, it is dying for a breakout.
We are way oversold. Its going to bounce if the selling stops anytime soon. There are some people getting hit pretty hard right now that bought on the way up on the last run.
Bid at .008? What a joke. If I had cleared funds I'd be buying.
Seems like they are mostly only filling sell orders right now, and it is begetting more selling. Honestly people, if you are going to sell, sell at the ask. There is plenty of volume for you to get your payout. You are only selling yourself short by selling lower than the ask.
Plenty of buyers here.
Look alive people :)
This one will soar soon. The reinstatement back on March 31st is a tell tale sign of something in the works. Uplisting, merger, etc. Keep you wits about you and trade smart :)
Are many people still holding?
I see nothing on my etrade about any news.
What up board? I'm in this one now, ready to see what she can do.
I am holding this one.
Is it really that hard to find updated information you guys?
This comes directly from a JOB LISTING from Coinstars website. Most concise thing I could find, dated April 16th, 2010
Who We Are:
Redbox Automated Retail, LLC, a wholly-owned subsidiary of Coinstar, Inc. (NASDAQ: CSTR), offers new release DVD through its network of conveniently located, self-service kiosks. Redbox is available at more than 15,000 locations nationwide, including select McDonald’s restaurants, leading grocery and convenience stores, and Wal-Mart and Walgreens locations in select markets.
For more information, visit www.redbox.com. Information about Coinstar can be found at www.coinstar.com.
Based on the previous PRs I expect that they will deliver significant news once they have some sort of substantial material to deliver to the shareholders. The problem we are seeing right now is impatience with the traders who have limited funds and have sold to put their money in other plays during the interim. I am not willing to take that chance when audited financials could be posted any day now, and uplisting news is on the horizon.
Just because there isn't interest today, doesn't mean their won't be in the near future. That's how pennies work. All bandwagon momentum, which we will get back. They have delivered on their promises so far.
Patience :)
I'm also holding and will definitely buy more if it hits within the .002 range. So many impatient traders here.
Redbox, are you serious? What makes you think that? They are already owned entirely by Coinstar...
These ridiculous conjectures have to stop you guys. Bring real information with supporting evidence, not left field speculation.
Dude, the fair valuation of the company is at least .02 with the unaudited financials. Read through the filings. The company is completely transparent.
Ok Mod, we need some new and updated stickies.
I see no bid and no ask, are they changing the ticker, or updating something?
People here are aware that the status on the SOS was updated on March 31st, to "active" and that they are planning on a rather significant merger? Just wondering why things are so quiet and if there is still some investor confidence out there.
I'm in it, and don't plan on letting go until this merger is solidified and a juicy PR hits newswire.
Hey everyone. Just wanted you to know that I'm still reading this board everyday even though for some reason I'm "banned" to one post per day indefinitely. Go figure. I've contacted iHub about it and they keep giving me the run-around.
But I'm very excited for what the future holds for us with the merger announcement. I'm expecting a HUGE PPS spike. I hope they post after hours when they decide to send the PR out so it causes a pre-market scramble the next morning. I think that even talking about .10 sounds very low and conservative. I think a quarter or better...(which is still conservative if they sign the $200m candidate...)
Sending good vibes :)
No worries. The company is doing its thing and there isn't much to say, except, hold on, this will get its fair valuation of .03 in due time.
I am embarassed for the people who have sold this one at this point. I'm so excited for the potential of this stock. Too many impatient day traders here.
Yeah the PR is showing up on Etrade at 1:37pm
It would be great if someone could post the FINRA short list report on this stock from yesterday. There is no reason why this shouldn't be trading significantly higher, but then that is why we are all here, right? Hopefully a little patience will pay off. I thought for sure yesterday with all of that buying pressure we would be higher, just for the sheer demand and a little bit of squeezing.
Definitely some games being played.
The MACD crossed the EMA to the upside for the daily chart :)
Well, look at the RSI? It can't stay oversold much longer, it is down in the 20's. I'd go for it.
Ready and rarin to go with this one. I like the selling after the RSI shoots way up like that though. Better to come down and have a tiny pull back then to go parabolic. I think patience will be the key with this one until the official financials are filed with the SEC from the auditors.
I wouldn't mind watching a solid base form here instead of watching a runaway train
Broke the .0077 high :)
Just so everyone knows, I put an order in of 250k at .006 about 20 minutes before the trading day ended...and they only executed 90k of them, and 25k of them went through 6 minutes after the trading session ended. They held the price back on this one hoping that people will "forget" about it over the long weekend because they are so massively short.
With enough buying pressure on Monday we will have a shot at seeing almost .02 because of the short squeeze situation. Here's hoping :)
No that is not always true. That is what I am telling you. And there is not ALWAYS a buyer for every seller because we have the intermediary MMs/brokerage houses, which is why there is a relative strength index that measures whether a stock is oversold or overbought. Not to mention, that is why a float exists.
How can you be trading pinks and not have this knowledge? I have sold at the ask many many many many times trading.
For today I realize that, but I was making a general statement. Though it seems obvious, I wasn't sure if achutah was referring to the circumstances of today's trading day, or in general.
Just because an order goes through at the ask does not mean it is a buy. Sells also go through at the ask.
Immie, please e-mail me, dtilton@stetson.edu. I cannot send PMs because I do not subscribe.