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Sometimes it is not about who is right or wrong but WHAT is right or wrong when it comes to making money. To accept that means removing emotion and letting go of the ego from the process.
If stocks were girls, I just get the feeling you're treating MSLP as your first girlfriend.
There are other fishes in the sea, they come in all shapes and sizes and I'm pretty sure MSLP isn't the finest one out there. So, don't get caught in an emotional quagmire with it.
You'll do great. There's no doubt in my mind.
I'm off the boards for awhile. Have fun.
You can take the top 10 accountants in the world and have them tell some of these Koolaid drinkers that MSLP is not the stock to invest in and they still won't believe those accountants. That's how delusional they are.
I'll continue to be "wrong" and make a boatload of money and let them be right and keep drinking the Koolaid.
The pattern of this stock has become easy to predict. The stock's movement is precipitated by very specific events surrounding the company. That was how I was able to accurately predict the last run and this run. It's like clockwork. Easy money.
Study its financial statements: Balance sheet, income statement, and cash flow statement and tell me any reasonable person would want a piece of MSLP as a long-term holding. Better yet, take those financials to an accountant and ask them for an opinion.
Please, none of the, "This time it's different." It's been four years already.
http://www.otcmarkets.com/stock/MSLP/financials#
I'm referring to the balance sheet and you're referring to the cash flow statement and income statement. However,
"I just dont see where they have cash avaailable? If they do can you point it out?"
Look again. The "cash" available is listed on the right hand side the "cash" line item that you copied and pasted. Go through each line and you'll see it.
Cash $1,148
Also,
Capitalized investment, mining $13,174,727
This indicates they spent a lot of money to go into production. Of the $15 million they raised, $13.2 million was used for that purpose, according to the filing.
Have a look at the "paid in capital" line item again.
Paid in Capital $15,014,988
Shareholders' Equity $15,705,914
If nothing has changed since that the Sept. quarter, then GGCO is selling at about 25% of book value. I'm pretty sure numbers have changed since then.
Paid in capital (Paid-in capital or Contributed capital) refers to capital contributed to a corporation by investors through purchase of stock from the corporation (primary market) (not through purchase of stock in the open market from other stockholders (secondary market)).
http://www.otcmarkets.com/financialReportViewer?symbol=GGCO&id=95839
"...and shareholders will be completely wiped out."
STP is my first bankruptcy play, so I'm not familiar the nuances. But as I understand it, currently only STP's principal operating subsidiary, Wuxi Suntech, is undergoing insolvency and restructuring. Almost every article I read out there makes it sound as though the parent company has filed for bankruptcy, and that is not the case at the moment. The parent company will be affected no doubt but that, IMO, has already been reflected in the precipitous decline of the pps.
IMO, STP will hit $.10 or $1.00 depending on what happens to the parent company in the coming days or weeks.
"Suntech Power Holdings Co., Ltd., the ultimate parent company of Wuxi Suntech, has not commenced insolvency proceedings, nor have any of the Company's other principal operating subsidiaries. The Company is not aware of any similar proceedings regarding any of its other entities."
http://www.4-traders.com/SUNTECH-POWER-HOLDINGS-CO-14497/news/Suntech-Power-Holdings-Co-Ltd-ADR-Suntech-Announces-that-Wuxi-Court-Accepted-Petition-for-Res-16564369/
The omens are there, bgrass. You just gotta believe, brother!
Fuse used to be Double Eagle. An eagle is a sky predator.
We have a Tiger as an endorser. Land predator.
We now have a shark. Water predator.
Eagle.
Tiger.
Shark.
Easy money this summer.
For the period ending Sept. 30, 2012, GGCO raised $15 million in cash. That was about 6 months ago, so we won't know how much money they have left until the next quarterly report.
Notice the "paid in capital" line item.
http://www.otcmarkets.com/financialReportViewer?symbol=GGCO&id=95839
GGCO does have huge upside if gold price goes higher.
Suntech was a victim of a $680 million bond fraud. If it wasn't for the one-time hit, would the company be in the position it's in now?
http://www.bloomberg.com/news/2012-07-30/suntech-may-have-been-victim-of-fraud-on-680-million-guarantee.html
I predicted a 20-50% as a finale to this walk up. We went over 20% today. A 30%+ and I would have been out already. Gonna decide tonight if I should close my trading position. I'm out for sure tomorrow if news hits, though.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=85873896
You profess to be right on everything about the company but incessantly complain about not making money on the stock. There is a disconnect somewhere there, just like when you can make a profit when there is a disconnect between the fundamentals of a company and its stock price.
I hope Codie and Hunterdog got in on some of this easy money.
Take a champagne bottle
Shake it up
Break the bubble
Lick it up
Yes, the price has stabilized which indicates it's swim or die on the next news release.
How can anyone not be making money in this bull market?
$1.00+ if news Chinese government is backing them. Big risk, big reward.
I love the stock market.
I agree. 6 quarters is not enough. Since he doesn't have an operations or supply chain background, we should give a 5 year time frame to John Bluher as an "on the job training" period.
You may want to read up on strategies that hedge fund managers use to make money. But in brief, there are many ways to play a stock.
1. Hold a long position.
2. A trade position.
3. A short position.
4. Options (calls and puts).
If you think a company has good long-term potential your long position should be larger than your trading position, or vice-versa if it has mediocre long-term prospects. With MSLP, my trade positions have always been larger than my long position.
Study the last run. The stock went from $4 to $7.99. You could have made money when the stock went up on your trade position and shorted it when the stock went down. Alternatively, you could have used calls and puts but MSLP is not optionable at the moment, I don't think.
My MSLP long position is insurance in case the company turns profitable or becomes a buyout candidate. I may not agree with some on this board but I don't rule out the possibility that they may be right.
There's a bunch of books out there that makes the game of stock picking fun.
I'll have a sip of that Koolaid after I close my trading position. I'll still hold my long position as insurance though.
You get it, Crossroad! You are a retail investor. I'm a retail investor. Most of us here are retail investors. I'm simply warning other retail investors to take their profit when they can and not become bagholders for big money.
TooReekman, you will never get it. It is your Nature. Not worth my time.
IMO, there's a bit more upside on this run.
For those of you thinking about becoming a Koolaid drinker, take into consideration what Crossroad has mentioned about a possible $10 million second round funding. They were looking for $20 million but only got about $10 million the last round.
This stock is being systematically walked up to:
--cushion a disastrous 10K.
--allow financing shares to be dumped.
--raise funds at a higher pps.
--add other possibilities here.
A $200 million revenue company can go bankrupt. A $1 billion revenue company can go bankrupt. Even $100 billion revenue company can go bankrupt. The only reason MSLP hasn't gone bankrupt is because it has been issuing shares to unsuspecting shareholders. MSLP hasn't been kind to long-term shareholders but very kind to traders.
Caveat Emptor.
ToReekman, it's All-Pro to you, kid. Regurgitating press releases and not even the fact straight, now that's semi-pro stuff.
"semi-pro"
It's Mr. Pro to you, kid. When you're ready for the big league, let me know.
Sept. 20, 2011 /PRNewswire/ -- MusclePharm Corporation (OTCBB: MSLP.ob - News ), an expanding U.S. nutritional supplement company ("MusclePharm" or the "Company"), is pleased to announce John H. Bluher has been named Chief Operating Officer and Executive Vice President for MusclePharm Corporation ("MSLP").
IMO, Bluher is the problem. He's had 1.5 years to fix the company and hasn't done it. Losses have only escalated under his watch.
I'm not sure if it was you or someone else who wrote a few days ago that wrote Bluher intends to "apply EBITDA to operating losses." Whoever said it, and if it was Bluher, is utterly confused about accounting. There is no such thing as applying EBITDA to operating losses. However, there is such a concept as carrying past losses and applying them to future earnings to reduce taxes.
Lawyers are used to making presentations in front of crowds. It's part of their job, so of course he's going to look good. Bluher is a career lawyer and would be completely lost in front of a SAS, SAP or Oracle Enterprise module. Bluher knows next to nothing about supply chain management. He's the one doing the swindling, if shareholders aren't careful.
How do you know when a lawyer his lying? When he moves his mouth.
Please take Turokman back to the dungeon.
Four years in business, four years of losses. Until they turn a profit, I'll go with history and make easy money trading this stock. I'll change my mind when they:
http://protectportelos.org/wp-content/uploads/show-me-the-money.jpg
Tell me how I'm wrong.
--Up 30% on my last trade position.
--Up 10% on my current trade position and still counting...(I'll tell you exactly when I get out).
--About to break even on my long position.
Please tell me how I'm wrong when I'm making money that easily.
Go ahead and have the last word because I have better things to do than argue with a Koolaid drinker.
Don't believe anything management says
Trade M S L P
E-z money
E-z as a-b-c
E-z as 1-2-3
For my trade positions, I'm happy with anything 20%+. But if it hits $10 on this steady climb, then does a 40% pop for a finale, then I can't complain.
But I'm pretty sure the stock is deliberately being walked up for a purpose. Exactly what the purpose, I don't know.
Nice seeing you here.
I've had a long position since $.12 and haven't sold a share with that position. This is a type of stock you don't want to get caught without a position when or IF pharma news or big distribution deal hits.
I took a trading position at $.17 and got out at $.25. Made some easy money.
IMO, if the entry point is for a long position, I would pull the trigger. If it's for a trade position, I'm not sure.
IMO, for your long position, just be patient for the next 4-6 months.
All the best.
IMO, this stock is being walked up for a reason. Whether to cushion the pending 10K or to dump the financing shares or another reason, I'm not sure. But the way the stock is behaving makes for an ideal trading opportunity.
Keep believing what you want and I'll keep trading this stock and make a boatload of money.
BTW, I can't lose either way because I have a long position also. That's the beauty of a hedging strategy.
I have been paying attention. The company's lost money every year since its inception--four years in a row now. Until it declares a profit, nothing will change my mind. Big money lost money on the major banks, Hostess, Enron, Chinese RTOs. Please...
You can't be wrong when you make money.
Same company + run by same management = expect same result.
Please refer to my analogy about stocks and girls.
If you know a thing is a certain way, why try to change it. Play it for what it is.
I've completed my DD on Shoal Point and here is what I came up with:
--2 independent third parties have estimated that there are about 23 billion barrels of oil. So there is confirmed oil on SHP's properties. The estimated recoverable oil is about 2-6 billion barrels, which is about $200 to $600 billion in value.
--the upcoming drilling program is to confirm if it'll be economically viable to recover the oil. If it's the case, IMO, SHP is easily a $8 stock.
http://www.shoalpointenergy.com/pdfs/SHPLONDONLangdon_14%20Dec%202011.pdf
GGCO production update
"Testing at Ghana Gold's new site has resulted in multiple samplings approaching 2.0 gpt. On March 8(th) in its first day of limited production at the new site,( )Ghana Gold's production team netted a very encouraging 211.5 grams. Full production is expected to commence next week and Management is confident that even with a partial production schedule in March, that the Company will approach and perhaps surpass Alluvial production from the same period last year of 1395 grams."
211.5 x 24 = 5076 grams / 28.3 = 179.4 ounces
179.4 x $1608 = $288,417 per month x 12 = $3.46 million a year.
There's potential here.
-----------------------
PORT ST. LUCIE, Fla., March 20, 2013 /PRNewswire/ -- Ghana Gold Corporation; OTC (PINKSHEETS: GGCO) is pleased to announce today that the company produced 455 grams of gold during the month of February from Alluvial Production. Production was limited to 6 days as the Company had been relocating equipment to a new site within the Jukwa Concession. Logistic maneuvers required more time than expected, with the move now completed the Company anticipates a full production schedule of approximately 24 days per month to commence shortly.
Testing at Ghana Gold's new site has resulted in multiple samplings approaching 2.0 gpt. On March 8(th) in its first day of limited production at the new site,( )Ghana Gold's production team netted a very encouraging 211.5 grams. Full production is expected to commence next week and Management is confident that even with a partial production schedule in March, that the Company will approach and perhaps surpass Alluvial production from the same period last year of 1395 grams.
Unlike the vast majority of Junior Miners, Ghana Gold employs a unique strategy of harvesting alluvial gold while planning and testing for hard rock reserves. At a time when many Junior Miners are facing difficulty in financing projects, Ghana Gold's alluvial production helps to create self-sustainability.
Robert Kirkcaldy, COO states, "It is a very exciting time for the Company, as recently announced the Company executed a LOI with Founders Mining and we are close to completing our due diligence. Additionally, we are heading into several typically dry months which allow for greater production and revenue. With our move being completed we look forward to maximizing our alluvial opportunity and reporting increased growth to our shareholders as we continue to mine, test and explore these concessions and evaluate other new potential prospects for the Company to enhance shareholder value".
The company's website is www.Ghanagoldcorporation.com
Robert Kirkcaldy, President and COO Ghana Gold Corp
For further Information and inquiries please call: 866-340-3095.
If MSLP was a blender the question would be, "Will it blend?"
But it's not a blender, so the question is, "Will it make a profit?"
Keep in mind the COO, John Bluher, is a career lawyer. And what do lawyers excel at?
The pps is being methodically walked up by big money for a purpose. In my experience, this is usually consummated with a 20-50% pop. If that happens, I'm getting out of my current trading position.
I need $8 to break even on my long position. During the last run, the pps stopped at $7.99 and reversed. That might have been an omen that MSLP wasn't an investing stock for me. lol.
I'm up about 30% on my last trading position and up about 10% on my current trading position. Easy money for those who can afford the risk. For those who can't afford the risk, remember the adage:
"You never go broke taking a profit."
There are stocks you keep and stocks you play. There is absolutely nothing in MSLP's history to indicate that it's the type of stock to keep. I have a small long position and I'm not adding to it or will ever go all-in with MSLP, unless Dr. Frost installs his people on the the management team.
IMO, MSLP is a trading stock for the time being. They need supply chain and operation experts on the management team. Brad, Bluher, Cory, and Jeremy do not have that experience or background. I hope they prove some of us wrong.
They keep emphasizing high growth as an attractive feature for investors. When those investors are drawn in, I sell and make my 20-40% until the next pump.
E-z money:
http://www.paidmoneyrewards.com/hits4pay/ez_money.gif
Say it with me, Codie:
e-z money
e-z as a-b-c
e-z as 1-2-3
M S L P
You and me
Make e-z money
Sometimes it's no about WHO is right but WHAT is right.
Let the trend be your friend.