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I am glad you got your money back, Dent. That must mean that the effort behind the company is at least legitimate. The regulators must be really jerking their chain. Maybe the regulators are not being honest in their continuous stonewalling too. I always blame both the regulators and the companies and their affiliates for the failure of the penny stock world. That segment of the financial markets has been a disaster and really should have been shut down long ago. I wonder if this one will ever really be listed again? I would have listed it in Bermuda or some other offshore location long ago rather than waiting for Bozos to put their stamp or approval on it. But that is just me.
Are they Delusional? Or are they living in an alternate universe and they are sending messages over to this one? If an old failed shell can't start trading then you just start a brand new one from scratch. It only takes a year and a half from launch of the company to the time of listing. I know because I have done it. But here we keep hearing "tomorrow" or "soon" is the big day for years now. Someone should be posting the recordings of the "big" conference calls right here for everyone to hear.
Wrong. Nothing but another dime a dozen Fake Company listed on the Fake Stock Exchange. Get real.
+95% profit today on the USD/CAD. Not bad trading the OTC market on a Saturday! It is so fascinating that trading is now a 24/7 opportunity.
When does it drop to zero? That is the question.
A win vs. loss track record. 12 trades today, 2 losses. I am wondering if maybe foreign currencies make stronger moves and are more directional than a stock is from a short term time frame standpoint. I would like to hear comments about trading foreign currencies vs. stocks.
You are spot on, Ernie. It sounds like you have been there done that as far as Fake companies, Fake Shareholders, and Fake exchanges are concerned.
I wish I could say it is not so. But it is the truth. I have seen this scenario play out and the way it plays out is always the same. I am just amazed that the Fake Exchange still has not been fixed up with real listing standards and requirements. If it was 1997 the CPRK stock price might be ready to head to the moon. But because it is 2018 and everyone knows the truth about these companies and the Fake exchange there is no element of surprise anymore. I blame the companies for the failure of the penny stock industry.
Shall we say the words "Sucker's Rally?"
The stock price has no bearing on anything other than determine which segment of the market will nibble on it. This technique has been tried many times. Companies listed on a fake exchange price their stock way up high. It has no volume until someone starts to dump. And then it tumbles. Without real support on Wall Street they quickly collapse. I have been a participant and observer of this for 20 years. The result is always the same. Without that support on real Wall Street they just don't make it. Sad but true.
17 Trades tonight. Only four losses. It is certainly fun and profitable trading outside NY hours.
My guess is that at some point there will be a name change to something like Cryptocurrency King Mining or something like that. Stocks "listed" down here never get any excitement unless there is something unique and special.
Has anyone here ever traded a cryptocurrency? I have done a couple of short term trades but certainly not enough to get confidence in them.
The Party is most likely over for Bitcoin. It is starting to behave like a bloated penny stock where the selling never ends. Short term trading is the best and safest way to play. If it spikes it will likely all get sold into and then she crashes right back down again.
Five out of six winning trades today: CAD/CHF, AUD/CAD, Home Depot, Proctor & Gamble and IBM were the wins. The one loss was Alcoa. Not bad for a trading day. Now I am done for the day. The nice thing about short term trading is that if you don't leave any money invested in the market while you are not trading you cannot lose. Short term traders are not subject to the huge geopolitical events which can cause markets to collapse.
Unfortunately most brokerages do not offer binary options. To do it properly you have to go offshore. Try to google a firm called "pocketoption." I think they now take Americans. If not, then try Betonline. ag. For free charts you can use "freestockcharts. com.
I suppose the only question is after a coin is launched how long does it "trade" for before it drops to Zero and is there enough volatility to attract traders during the coin's lifetime?
People make money on binary options too. These are people who prefer to trade without a spread or commissions. The bonus is the fact that you trade real companies.
Adding shares in a penny stock? You are kidding right?
Of course we are headed lower. This one is like a Penny Stock, complete with pumpers, Carnival Barkers and other casts of characters. The only good cyber-currency is a brand new one. The odds are good that this one will be on par with the dollar very soon. After that she heads to zero. We just have to be realistic here.
Don't worry. When Bitcoin collapses to Zero they will just start a brand new coin and start all over again. That is the beauty of Cryptocurrencies. If they don't hold their value forever then you just start over again at some point.
Great move, smart move! Dead money may as well be put into better play in your own hands. Congrats. Keep me updated as to how it all plays out at the end of the day.
LOL. Dent. Who the hell is Elf? Please advise.
21 Trades today total. Won 16 of them!
Turbo Binary Options are the best. You get to find out in 30-seconds whether you won or lost. Talk about stress free. Once you walk out of the office with your account all cash you sleep real well. Turbos are truly amazing!
Well Dent. I guess the Golden Conference Call is now the measure of success for Fake Companies with no ticker symbol. LMAO.
I wish Ihub had a thumbs up button. :)
Four Binary Trades Today: Apple, Alcoa, Boeing, and 3M Company. All winning trades with 15 minutes expiry. Not a bad way to make a buck. This is good stuff!
Binary Options are simple. You simply purchase a very short term deal, pick the direction up and down and then pick your expiration. I am experimenting with five minute and fifteen minute expiration. I have done mostly stocks but starting foreign currencies. I did one minute expiration for a while but that feels too much like gambling.
Short Term Binary Option Trading is huge! This is what I do it is all I do. I buy using a one minute chart and set my expiry to 5 minutes and sometimes 15 minutes. Binary options are huge. I cannot believe that so few traders on these boards seem to be excited about them. It must be because the boards are basically a cesspool of penny stock pumpers, insiders, etc. What I like about binary options is that they cannot be manipulated. It doesn't matter what you and I say or think about an index or a large company. It is going to do what it does. So it enables us to test ideas in a very fair market. Binary options are the rage!
You are funny Dent. The only reason I tune into this board anymore is to see if any of your questions are ever answered. Cheap entertainment? LOLOLOL.
What I like best about Bitcoin is that if it collapses to zero they can just create a new cyber currency with a different name and then just start over again. Hell of a deal!
You got it Dent1. You are spot on as always.
A ticker symbol is all they will have if what the Carnival Barkers are saying is true. You have to remember that only Fake Companies use the Pink Sheets and other underbelly exchanges. So I hope you are not really expecting anything real. I have said it before and will say it again that IF anything was real they would have accessed capital and acquired sponsorship from a real investment banker on Wall Street like Goldman Sachs. That is how real companies go public. Goldman Sachs gets real support and real investors for its client companies. Goldman Sachs never brags about how something is "trading" on a message board. That fact speaks volumes.
Bitcoin is certainly losing its balls lately. How low can she go?
I cannot believe how heavily bitcoin is traded. Where is all of the volume coming from?
I won't be in Bitcoin either. I am only experimenting with it right now just to move money around and then go back to cash. How can something that is absolutely worthless bits on a computer be priced at anything other than zero? I think the whole cybercurrency fad is lot like the penny stock market in the old days. Once the public finds out they are worthless or starts to believe they are worthless they drop like a rock. I think you are right, Bitcoin is going to take another big hit one of these days. Hopefully it will not happen during a transfer.
The best way to use bitcoin is long enough for a very short term trade and then you get out. That way you don't get trapped as it drops from $20,000 to $1.
Bitcoin as a transfer method. I am not a trader or investor in bitcoin. But I did test it as a means of transferring funds. I couldn't believe how fast everything moves. Bitcoin may be a superior way to move money around as opposed to a cash wire transfer at the bank. My next experiment is to get a debit card that converts bitcoin to cash. This is interesting stuff.
You hit the nail on the head Dent1. You sound like an expert. Your sentiment is the exactly the same as anyone else who bought into this pipe dream. This is the sentiment that drives the Fake Market. Of course the Carnival Barkers will try to convince the Fake Market that this Fake Company is somehow "different" than the thousands of other Fake Companies who went through the same thing. When this company started in the year 2000 it opened up at .10. The shareholders had purchased shares for .01. So of course we know what happened at the end of the day. It never saw .10 again. Eventually it became priced at less than zero.