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Repeat of yesterday's dump when the trade volume hits 16,000,000?
Just saying.
"Pigs get fat and hogs get slaughtered."
Lock-in some of your profits. Next dump takes it to .05.
IMHO
Wait until .05 to consider buying. The upward momentum is waning here.
Lots of newbies have gotten burned badly.
Make the shorts have to sell at .05 instead of .10.
I'm thinking about 90 minutes until they dump it.
.05 close today?
Shorts need to let a few million more shares get sold above .09 before they take it down.
When today's volume hits the 16,000,000 share mark then down it goes.
Will support at .038 hold?
Just saying.
Any thoughts on when the next dump will occur?
Today or Monday?
I'm thinking it drops to .05 on the next one.
Interesting days ahead for the traders.
p.s. As the company sells more of the additional 750,000,000 shares the volatility will increase.
GLTA
Catching a falling knife is not the way to do it.
Support at .038 may hold.
1,000,000,000 shares to sell. :(
.05 close today. Shorts are going to hammer this again.
Just saying.
Don't try to catch a falling knife at the open today. The shorts will hammer this again trying to drive out the newbies.
Place a limit buy order in the .04 range.
This was near a penny only a few weeks ago.
Strong support at .035. Place a limit buy order below that price and you may get it filled.
The fiscal cliff situation isn't helping here. :(
p.s. Still wondering why the company delayed the MANF study data for almost three weeks.
After the company failed to release the MANF comparative study data last week I became a bit suspicious that the data may not be as good as expected.
There was no reason for the company to delay the release of positive data for almost three weeks and stop the upward momentum in the share price.
Obviously others started to believe the same thing as today's sell off demonstrated.
It's not nice to fool the shareholders.
p.s. The "kiting" of press releases made this seem more and more like a "pump and dump".
I believe that former U.S. Mint director, Edmund Moy, was the company's first choice but he decided to stay with L&L Energy and I assume he is the one that brought Mike to Bonanza Goldfields.
I think that Mike's connection to Edmund Moy will eventually benefit the company.
Time will reveal all.
The company lost almost $3,000,000 the first nine months of 2012 with only three employees.
Management now has 1,000,000,000 shares of stock that it can use to raise much needed cash.
It's obvious that there will be substantial dilution ahead. It's what penny stock do.
Volatility is to be expected and 70-80% swings will occur.
Average down as it falls and pray for a bounce is one approach that can work over a span of time.
Interesting times ahead.
p.s. Never invest more money in any stock than you can afford to lose especially penny stocks.
Almost everyone who bought and held over the last two trading sessions has lost money.
Average down as it drops tomorrow and try to get out on the next bounce.
Just put a buy order in at .038.
Don't see it going much below .035 either tomorrow or Monday but then again I never thought it would go to .014 the last time it dumped.
The only certainty with penny stocks is the uncertainty.
p.s. Can management blame it on the Berlin/Bremen exchange this time?
$13.00 by 2/1/2013 seems reasonable.
$18.00 by 7/1/2013 may be low.
$30.00 by 12/31/2013 is quite possible.
Time will reveal all.
Interesting to see if it goes below .035 tomorrow.
I said I didn't like the way the company was "kiting" press releases. As close to a "pump and dump" as I've seen.
The company has a billion shares to sell and I have to assume they'll eventually all be sold.
Who bought at the high of the day?
Next support level is .035-.04.
Then it's .018.
The trend is your friend. Ride the trend.
Volatility is a good thing.
Sold my 600,000 shares this morning. Good luck to all who stay. Seems the company is "kiting" press releases to pump the share price.
Good luck to all who stay.
p.s. I'll buy back in if it drops 30-40%.
If the first revenue numbers are in excess of $250,000 combined with a statement from the company that the company is in negotiations with a potential partner to expand production at the Tarantula site I think a move to the .08-.10 range is possible.
Interesting weeks ahead for the company and its shareholders.
Anyone who follows penny stocks should know never to put a low cap on the share price even if they are attempting to try to talk it down.
p.s. Possibly Santa Claus will arrive a few weeks late for all the "BONZ" shareholders.
Most of the shareholders are waiting to see what the first revenue numbers are before deciding whether or not to sell and move on.
Should be out the first or second week of January.
Most of the major shareholders have held their shares for more than a year so I don't think another two weeks will have anyone selling any substantial number of shares.
I got in and then got out and then got back in and then got back out and then got back in.
I would be about $33,000 ahead if I'd just held until now.
After getting burned with RXPC I'm a bit cautious now.
p.s. I thought the delay in releasing the MANF results was more significant than the market. My bad!!!
I recall when a penny gold mining stock, NSRS, went from a few cents to $1.73 in eleven trading sessions. If you were in near the bottom and sold near the top you did very well.
If you bought near the top. :(
Timing the top and the bottom is very difficult with penny stocks.
If we all knew how to do it we wouldn't be spending time posting on a penny stock board.
Did flyonthewall.com confirm the Abbott partnership?
Has flyonthewall.com confirmed the $1.25 target price?
This could open at .50 tomorrow if that happens.
News of the $1.25 price target and the Abbott partnership is finally hitting the market.
It was only a matter of time. The company couldn't keep a lid on it.
Only $1.15 more upside until it hits the Abbott partnership price target of $1.25.
Still no denial from Gerald?
Is the company delaying the Abbott partnership and a $1.25/share price target so that insiders can buy cheap shares on the open market?
Has the company denied the news?
Don't depend on new buyers to move this higher. If you own it at a much lower price add a few shares today. Average up to move it higher.
Don't let the momentum die.
If Abbott is willing to pay $1.25/share then you should be willing to pay a dime.
Just saying.
p.s. I think the company should hire Bill Cosby as a spokesperson. He would be perfect for their promotional plans.
How low will the next bear raid take it? .035? Any thoughts?
"Pigs get fat and hogs get slaughtered."
Especially with penny stocks.
Just saying.
p.s. Volatility is a good thing.
Especially if Abbott is going to buy the company for $1.25 share.
Has the company denied that report? Any word from Gerald?
I doubt if it will be a cash buyout. More than likely the shareholders will get Abbott shares.
If the company confirms that Abbott has made a $1.25/share offer I would think the news would spark a bidding war. Sanofi, Lilly, and others could drive the offering price to over $3.00 in a matter of days.
If MANF's potential is real then a final price in the $10.00+ range would be reasonable.
Overdue for an "old fashion" bear raid. The shorts are biding their time. Don't buy at the top and panic and sell at the bottom.
It happens. :(
Just saying.
Never be afraid to take profits before the other shareholder does.
Company's needs cash.
1,000,000,000 shares means substantial dilution is on the way.
GLTA
Interesting that they would pick Abbott and a target price of $1.25. I think Sanofi and a target price of $2.00 would have been more interesting. Amgen and a $3.00 target price might be a bit of a stretch and easily deemed bogus by the company if they chose to do so. Of course Google and a $5.00 target price would have been ridiculous. :)
The obvious comment from the company will probably be "we do not comment on speculative buyout rumors". That's how the game is played.
Penny stocks is the "Land of Pump & Dump".
"Buy on the rumor and sell on the news."
Don't be the last one out the door when the selling begins.
Just saying.
Back this evening. Have a great day!!!
I thought the following taken from the Sierra World Equity Review's site was interesting:
"Sierra, Adam and Johnny and all other characters ever mentioned and presented by the publisher in this blog are fictional characters and all posts in the blog should be construed as being for fictional and entertainment purposes only!"
Seems to me it's another "pump and dump" site. I assume the publisher already has a large position in AMBS and is looking to dump it with any move higher. There in no indication that the company paid to have the "news" posted.
AMBS did pay for this one:
BUYINS.NET Updates Amarantus BioSciences SqueezeTrigger Report
BUYINS.NET is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. AMBS has paid $1,116 per month to purchase data to be provided in six monthly reports.
Note: Five more monthly "updates".
For every 5,000 drugs that starts testing only one will actually make it to the market.
http://www.pdpipeline.org/2011/Eithics/navagating/regulatory.htm
The average cost is now about $880,000,000 to bring a drug to market.
http://healthcare-economist.com/2006/04/29/802m/
Don't be afraid to take some profits along the way.
"Merry Christmas" to all!!!