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let's get in before the pump this time and bail on all the suckers who buy in.
I'm down 70% on this in a week.
I basically bought into two horrible stocks at the same time...this and MONA....talk about portfolio suicide.
not takin it.....Garr suckered a bunch of us. I call him a scumpale, but it's only because I'm ticked off I fell for his b.s. You can't be a con artist if no one's taking the bait.
wow that's brutal. I got out of this thing when it became clear that even long term there was no end in site of this. If I had the money to leverage my way into an average pps of .60 or so I would've stayed in. Instead I took my losses and moved on. I figure it'd be harder to do WORSE than DPDW's done. Too bad because ostensibly it's a good company.
they just don't have any intention of doing so. It was a company sanctioned pump.
I don't believe I fell for this pump. I even KNEW that Garr Winters was a scum pale, with that split after he said they wouldn't be doing it. Oh well, I guess it's a lesson to not be sloppy and take flyers on shady things in pinky land. lesson learned!
Garr, you're a grade A piece of trash. Well played.
and that's my problem...I can't get out now. It's almost a situation where I'll just write it off as a loss and hold it on the off chance it runs back up to the range I bought in at someday. I don't believe I fell for this pump. I even KNEW that Garr Winters was a scum pale, with that split after he said they wouldn't be doing it. Oh well, I guess it's a lesson to not be sloppy and take flyers on shady things in pinky land. lesson learned!
I think some people just get really excited when they see the price go up they assume it will always continue to. I'm hoping to see .075 or so...but .10 would require it to double relatively quickly.
edit: And for all we know the spike today is from someone on this board buying in. I think that happens a lot on IH...people talk about how great stock is...buy some shares to pump it, then get everyone else on the board to buy in.
yeah this is a bit long for consolidation, no?
yeah, this may be the worst hurricane stock in history. Don't believe I fell for this one...maybe I can sucker someone else into buying shares NEXT hurricane season, and then bail. It's like the movie the ring...you have to sucker someone else into buying in, or your portfolio dies in 3 days.
Don't believe I fell for this one...maybe I can sucker someone else into buying shares next quarter, and then bail.
It's like the movie the ring...you have to sucker someone else into buying in, or your portfolio dies in 3 days. The lesson as always: Do your DD....and take even the smallest profit and run, because in pinkie land they don't last.
oof...I'm in at .0024....0002 and I may light myself on fire.
definitely the one I'm least worried about. I just wish something else was picking up the slack in the meantime. I'd say I did some crappy DD and made some questionable decisions on the others (really, who buys a stock after it goes up 100% the previous session???)
I've lost 60% of my wealth over the last 4 trading sessions. ASFX is tanking, MONA is starting to look suspiciously like a pump, WEGI is the WORST hurricane play in history, and CJGH is convincing me to light myself on fire. I'm not whining, rather providing an a lesson for everyone: If you're up even 3% on something BAIL OUT. DO NOT GO CHASING GAINS. All 4 of those stocks could shoot up 60% tomorrow and I'd still be down on all 4 positions. I was up on all 4 of those a few percentage points at some point or another, and got greedy, now I'm down so far on them I may as well keep them and hope I break even in a year or two on a couple.
Jeez...I've lost 60% of my wealth over the last 4 trading sessions. Between my ASFX position tanking, MONA crapping itself, WEGI being the worst hurricane play in history, and CJGH single handedly giving me premature gray hair I'm half broke. Let this be a lesson to everyone: If you're up even 3% on something BAIL OUT. DO NOT GO CHASING GAINS. All 4 of those stocks could shoot up 60% tomorrow and I'd still be down on all 4 positions. I was up on all 4 of those a few percentage points at some point or another, and got greedy, now I'm down so far on them I may as well keep them and hope I break even in a year or two on a couple.
I'm getting the feeling that the only thing keeping this from tanking (more) is the people on this board buying up at these prices :P
Yup.. I'm starting to notice a pattern on the boards here...
Of course a better question: Why on Earth was I buying into something the day after it went up 100%.....I think I'm my own worst enemy sometimes :P
oh boy....when people start throwing around MM conspiracy theories it's ALWAYS time to bail. peace.
ClayTrader's video on Mona:
http://www.qualitystocks.net/videocharts.php?chartvid_id=52
Should I be worried that the accumulation distribution on this is absolutely in the tank right now? Is that because of the buyback??
I agree Tom....50?? seriously?? Let's break 3 cents first. A lot of these boards tend to become pumping stations....you have to separate the wheat from the chaff and find the people that really know what they're talking about, and are speaking objectively regardless of if they own a position.
I will say this, even though this thing has been crapping all over itself the last few days the accumulation distribution hasn't budged a bit, it's been flat around 10 for 3 straight sessions....
I agree, great charting there man, absolutely great
looks like that ain't happening.
oh I wasn't saying it's not healthy, I just don't think breaking .02 is going to necessarily set this running. If I had spare powder I'd be throwing it here.
this stock really baffles me....most other hurricane plays are doing well now...this ones sort of slacking off....guess we'll see what Ike does for it.
well see it made it through .02 which was major resistance previously, so that should've become support, and it fell right back through it. So I don't think .02 is the key here, since it's been above it recently and fell right back down.
well again, great earnings does NOT equal an automatic bump in PPS. It's good long term, but for the short and moderate term holders even earnings won't get most back to even.
I'm a little ticked off...maybe I should split my position between BUGS and WEGI.
you know it's weird, I've never seen them restrict one before. Etrade and scottrade seem to do it constantly.
yeesh...so why's WEGI getting dumped on then. Same industry.
is that a hurricane play??
it goes right from 58 to 65?? really?
no no you're mistaken, it's the 2nd day that I hold a stock that it starts tanking. It does well enough to convince me to stay in...and THEN it tanks, so it's my fault, not yours :P
I'm not particularly worried about this.
I agree that they lied in the past, and I don't fully trust them....but to come out with dilution immediately after announcing a buyback....I mean that would be suicide for the company...no one would touch them with a 10 foot pole.
awesome post!~
I had mentioned something in this vein earlier last week; just because earnings are amazing doesn't mean the stock will automatically jump. I used to play options specifically around earnings reports. I learned quickly to start buying both put and calls on particularly volatile stocks because earnings don't always effect the PPS in the way you think it should.
Also, I agree that the PR policy here is awful, and if there were huge investors buying in here we wouldn't be tanking. This is one of the worst stocks I've ever owned, but I'm down so much now I may as well stay in.
insanely hectic day here, everything I own is either up double digits percentage wise, or down double digits percentage wise.
the problem is this though: A TON of people (myself included) bought in at about .03, and even with an earnings run most of us can only hope to break even at this point. It's going to take a 66% runup just to get any of us back to even.
question: How long will this buyout bump last? If it's for 50 million shares, or however many, it must be getting closer to completion, no?