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that's what I said last night. My target is .25 and I'll sell there for a perfect double It'll give me enough for a down payment on a house too
$1.00 is impossible - they'd need to close and sell 1.5B in loans in the next 6 months for that to happen. Filogix could only give them $33M in two weeks x 25 = $825M and Centum isn't worth nearly as much.
I've always bought on ask when there is a half-cent spread and will bid in between when there is a 1 cent spread or larger. I've never driven the price down.
They have desire to be profitable in Q3. Note they said "desire", kinda weak... If they make about 2% on bundles that they sell, then they need to sell about 250M worth by the end of September to get the $5M they need to be profitable based on their expenses for 2006. They started selling bundles in April so that gives them 6 months to generate $5M in loan revenues. That requires them to approve $40-50M in loans per month. The batch they got from Filogix was $30-odd million so they need to approve at least half of those and then repeat it again for the second half of the month. If they are profitable in Q3 with $5M in revenue then they could do about $7.5M for the year which would only give them about a 25 cent share price. Good growth and guidance could send it higher, but I think 35 cents is the absolute highest we could see this year with the dilution.
The only thing I can come up with is "that they are not selling mortgages" and if it's true, it'll be revealed soon. I challenge them to prove this theory wrong.
been seeing that for the last 8 months - it's getting old
I don't have that much riding on it. If it goes down, I take out what I can and do something else with the money. If it goes up, I sell for whopping profit. I'll make my decision in August when Q2 #'s are out. If the revenue for Q2 sucks, then there is no hope.
Let me define sucks... if their incoming cashflow is less than $1M. If they don't get that much, not only will they not be profitable in Q3 as they have promised, but they will not likely be profitable for 2007 either which to me says "failure". If they can't make $5M or more in a year, their price is doomed to be less than .15 or worse.
They were late with last year's Q1 - no biggie... Last year's was posted 5/22 and had no effects on the price and since they had little or no revenue for Q1, I'm assuming this year's will be no different.
Level 2 can be manipulated just like anything else. False resistance can be created by hiding 500k shares by 50k asks one at a time. People think they can blow past 50k resistance only to find antoher 50 - no problem, I'll take that out - crap, another 50 more. And then it keeps going until whoever it is sold the 500k they wanted to sell.
covering a short, or maybe they want to buy them out?
There was some pretty good accumlation going on behind the scenes today - over 100k in purchases.
someone remembered 30,000 shares today
World is focused on bigger stocks while the DOW teases 13,500 today.
Nice buying today - nice to close at 0.125 too !
Amen, and may peace be with him and his family.
His assets might have been liquidated. If they were sold to market that could have explained one of the small slides we saw.
I'm still sitting here waiting for a real revenues PR and I'm going to dump $35k on this puppy and bring my share count to 500,000
At same time next year I will be selling for $1.00 each.
Isn't that for Galaxy Galleria??
look in their SEC filings - use Yahoo Finance
OT - anyone following AOTL? they're a 6-bagger with no news - just momo? I can't find much on them anywhere.
Easiest way to make money it seems is to short pennies on news-induced spikes. 99% of the time they retrace 20-40%.
more MOMO on AOTL
I've just walked away for a while and tended to my hobbies. When I feel down, any of the following can lift my chin: busting open a pocket of amethyst crystals in the White Mountains, retrieving a fresh-cut sparkly tourmaline from my acetone jar or taking my underwater rover out for prowl 200' below the waters of the atlantic.
I truly believe that better times are ahead and that's why I still have all my shares. They only need to approve 1/3 of those applications and see 5% weekly growth to achive profitability.
Then there is centum! They'll make it, everyone just shut up.
It is possible to get in a repetetive cycle between two MM's or even just one really skilled MM. Example: Buy 21,000 at 13, sell 1,000 to bid at 12, buy 21,000 more at 13, sell 1,000 to bid at 12. In some cases, others may even trade in your favor. Repeat this and adjust make it look like standard swirling volume and make the accumulation get lost in the noise. Build a few hundred k or whatever. Then buy a large chunk on ask to pump a penny or two. Now reverse: Sell 21k to bid, buy 1k on ask, sell 21k to bid, buy 1k on ask. 100k shares accumulation could be broken up into 10 trades for $100 comission plus $100-200 loss on the sells. Lets say $250. The sells would repeat and it would cost another $250. For a 1 cent per share gain, the MM makes $500 per day per 100k shares. Do that with a few stocks and it's a daily paycheck. RHWC had much bigger swings - pretty sure there were MM's making $5-10K per week on this stock. The same methodology can be done with shorting. This is why thinly traded stocks can be dangerous - the lower the ratio of public traders to MM's, the greater the manipulation. Willing to bet the same was done with DYTB earier this week and the MM likely made 8 cents per share on average with 50-75k shares.
AOTL - still climbing.
All speculation on both our behalves, but one thing is true - they will have a whomping revenue stream this year, so F the flippers right up their (you fill in the blank)
but... for those paying close attention, the flippers are out it looks and now bid/ask climbing and we are at 500k volume poised for a REAL run :)
we will stall and sputter a bit today - look at the DOW and NAZ for crying out loud
I added 37k today at .135 - I love them !
356k before 9:45 is a record I think. plus don't forget with the volume that was purchased between 11 and 12.5 cents, there will be fair resistance in this range.
Only 10 minutes have passed in the trading day. Even in the past, RHWC did not trade every on a minute-by-minute basis.
RHWC - BIG NEWS!
They can do $500M bare minimum - up to $1B next year.
They have a valuation of about 20-30 cents pps AS I TYPE and I think we might go there today.
I agree with Givethanks - this looks like a forward projection of at least 50-75 cents/share for the 6-12 month future.
$15M/week from the Filogix system. If that's consistant and they close only half of those, you have $7.5M/week or $375M/year.
Unless those were a specially archived batch held asside to test RHWC's products and system... --thoughts here anyone?
judging by volume and climb, likely news tomorrow
you and I have same game-plan
I have enough shares to keep me happy right now, but I'm going to add between 250k and 300k on the next firm PR. Not going to buy on fluff unless there is something really good between the lines.
News tomorrow or wednesday. Look at DYTB behavior - fake sell-off then a load-up on 75k cheapies then news and a huge price spike.
RHWC had fake sell-off from 13 down to 11, we just finished our accumulation period so news has to be near.
Inevitable... and each day that passes makes it inevitabler.
Not my site... though quite interesting. I do agree with the sentiment though :)