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Which half of the flippers will you be on?
Thought for a minute you were a shark fisherman!
I have seen that sig before! Amazing!
If all you flippers out there would/could just think past the petty 10~50 percent returns you strive for and see where this will be a year from now, we'd be ten percent of the way there already. Half of you get back in cheaper, the other half buy back in higher only to have the other flippers flip you back under water.
This is a profitable company (how else would they have paid back the SBA loans in such a short period of time) and a highly transparent leadership team with impeccable credentials.
All the flipping in the world isn't going to make one iota of a difference in where this eventually goes, it just takes longer to get there. Half of you will have more shares, and the other half will have less shares or none at all. You can have a 100 percent chance of making money by buying and holding or you can take a chance on whether you'll be in the 50 percent that flip themselves into more shares on the way. Maybe you'll be one of those who chase it at a nickel because you were sure it was going back down. Maybe you'll be one of those who watches it go plus .10 and you buy back a tenth of the shares you originally had. Personally, I'm patient and I don't mind waiting.
You should just buy yourself some shares and go mow the freakin yard, wash the dog, or something. Quit worrying the poor stock to death, it'll get there with you or without you.
Headed out for some shark fishing at 5am tomorrow for 5 days at PINS south of Corpus Christi. Left a GTC buy double down at .055, a GTC sell at a buck. Get filled either way, I'll be lucky.
Hope everyone has a great end of week and weekend!
Take CALM for example, a simple producer of eggs. For months and months, it was at 6 and change and a regular on the SHO list. For some reason, it's at $20 now, a proper capitalization if you know your DD about the company. And this $20 PPS with all time record prices for corn and feed due to ethanol speculation. Why?
Well, the T/A says the float remains the same and the SEC filings to date back that up.
And honestly, very few if any here have the ability to sell 10 million, and those that do I doubt they would be doing it here at this PPS. There are lots that have the ability to trade 10 million plus, but along with the sell comes a buy at some point. You can't legitimately buy in excess of 5 percent of the float in one day and it NOT go up. If an individual possessed 10 million, first they would have done their DD before entering such a position and would be holding for the true value of this company to be realized, and second they wouldn't sell it in blocks below the ask.
I've seen many times investors get diluted, but honestly I don't feel that this is the case here. Why would they dilute here? To date they've paid off an relatively large amount of debt in relation to their publicly released $30 million in sales to date so their margins must be good. They make money and have made enough money to virtually eliminate most of their debt, the only reason to sell shares at this point would be to avoid going back to the IDA/SBA for a sub-prime loan to finance growth. Also I tend to think that they both value their reputations, with DeDe being a 5th term electee and Tom having the public position he has.
Cautious as I am, it took me a while to get to this conclusion, been trading for 15 years or so. It is what it is, and where there is smoke there is usually fire. The short position here is extreme to put it mildly.
Similarly, I wonder how so many people propose to refuse to believe that NSS even exists. Positions that have been on the SHO list for months after months after months.
.06 a share was supply and demand at it's finest, .007 is NSS at it's finest. Simple as that, nothing more.
Do you think a company that paid off debt with cash flow with just 5 locations like they noted in the last PR should end up like a hyped up penny stock? No offense intended, but if you haven't asked yourself that question then you shouldn't invest in Seaway.
Well I'm glad I'm not the only one who things dang near the entire float is short in some way or another.
In every case involving NSS it always leads back to the brokerage. With the individual you mention in your post, if the investor were not allowed to short it because no shares were available as should be the case then you can't really pin it on him/her. I've shorted many stocks over the years, never one that wasn't allowed by my broker and never one sub $5 bucks (and never one which I believed had as much potential as GSCR because I didn't want to wake up to a butt kicking one morning). I have nothing against shorts in general. I have a big beef with the manipulators that allow a NSS position to start and persist with the goal of driving the price down to suit hedge funds and their own agenda(s).
However, the main culprit is the SEC who sits idly by wasting the f**ing crap out of every American taxpayers dollars and does absolutely nothing but spout and spitter jibberish and come up with more rules. We don't need more rules, we need serious jail time for those who promulgate naked shorting. We need a housecleaning in the SEC. Everyone above the secretary and the mailroom boy needs to lose their job. No telling how much money honest investors and traders are screwed out of each year by the practice of NSS...probably in the tens of billions of dollars yearly. In many cases, these are not middle age seasoned investors and traders but people who don't make a whole heckuva lot of money and are investing what they have in the hopes of sending kids to college or retirement. They are fleeced by a scheme designed to manipulate the price of goods/commodities/securities.
In the late 1800's, they tarred and feathered (sometimes much worse) folks who did similar things. Shucks, horse thieves were hung by the neck until dead. Is this any different? Regardless of the spin, it boils down to thievery by deception. It is a serious crime and the punishment should be severe.
Lie about something you sell on eBay and see if you don't get banned. It is a freakin crying out loud shame that a corporation would have better and more strict enforcement of rules than a branch of the Federal government. It is what it is, and it is wrong.
OK, I'll get off of the soapbox now, someone else's turn...
Nobody in their right mind is selling these. These are part of the NSS package which I think is over 100 million. Remember all those 10 million + blocks at .07? They were part of it too.
Bravo for them! Hope they roast their sorry manipulating rear ends on a spit!
I did. Heading down to the coast tomorrow for a week, maybe I'll win the GSCR lotto by the time I'm back. LOL.
We just had one yesterday didn't we?
All I care about is what I've got and those aren't for sale. No stop, I don't care if they take it down to .002, I'll just buy more.
just shows you how much manipulation there is with this. One idiot on the ask below .079 and it's PERT. Freakin tards!
Good post Abby, but I'm not interested until the .10s. Thanks.
Actually, I believe it all went to GSCT which is going to eventually be merged with GSHF.
So I see PERT flash across on the bid at .009 but no trades despite an ask of .0085? What gives?
I suspected it, the link I found showed a beginning and end date for the loan. Wasn't sure it was a payoff date or not. Some of those loans can last for 30 years. Nice to see a public confirmation of their cash flow.
They have repaid 1.245 million out of 5 stores in 4 years. That certainly is a good indicator of their margins, profitability, and viability. If you took that money and divided it into the outstanding share count of 186 million shares, you get .00167 (adjusted for 4 years). If you wanted to assume worst case that the 1.245 million was their ONLY profit (as I know some here will), the .00167 earnings would equate to a P/E of just 4.7 at a PPS of .008. Anybody's guess as to what the forward PE would be.
He just gave you a SEC filing. What else do you want?
LOL, really?
New Orleans?
Is there a store there?
http://www.helloneworleans.com/YP/c_CUSTOMIZEDCLOTHINGAPPAREL.Cfm
Come on people, everyone cannot be asleep here. If you could have bought Walmart when it went public everyone's butts would be awake right now having drinks served by topless ladies on the upper deck of their yacht. Guess I'll go to bed too, already got my shares so it won't matter if I sleep late. LOL.
I assume that one of these was the Pulaski store.
http://www.oswegocounty.org/newsletters/marchapril04.htm#wise
Actually, there are a bunch more listed here, 10 to be exact for seemingly locations 1 through 3, all with 2 year terms ending in 2005. Am I wrong in assuming that they are an operationally viable/profitable venture?
http://www.fedspending.org/faads/faads.php?&recipient_cd=NY24&fiscal_year=2003&sortby=r&...
2003 Loans
For those of you worried about whether Wisebuys makes money. The federal loans had a repayment date of 2005, and since they were privately held I figure they repaid them out of profit. Not bad if you can open two locations for $251,000 in startup/remodeling costs, stock it on vendor 30 day net, and pay off the loan in 2 years. Not trying to violate TOU by spamming, but I thought this might get lost in my last post and it is definitely worth investigation.
I'm guessing these were startup costs for two stores they converted from Ames. Anyone have any further thoughts or ideas about it.
http://www.fedspending.org/faads/faads.php?&recip_cat_type=f&fiscal_year=2003&recip_id=9...
Only flippers and traders worry about short term. Do yourself a favor and buy just a $1000 worth and don't even freakin look at it every day. Don't worry about outtrading everyone else who is trying to outrade all the other traders. Just let supply and demand take it's course over months and you'll be quite happy I think.
If I add up all the trading I've done since I bought BOOM at 10 bucks 3 years or so ago you know what? I'd have been just as well off to let it ride long term through $40 and then a split and back to $30 or so. Two years ago I paid over $5000 just in commissions.
I heard the .09 and .01 resistance termed every thing from "stout" to a "brick wall" and they fell. Don't worry about the .012, it's gonna fall too. Trying to flip a stock on the rise is just like catching a falling knife on a downtrending stock.
Probably the most underestimated thing in this whole deal is DeDe. She is a 4 term NY State Assemblywoman and I would not think she would jeopardize her career for a pump and dump or a scam. We should be just getting good and settled in about the time the holiday shopping season rolls around.
As far as whether Wisebuys makes any money or not, how about you check out the link below. To summarize, they took out two federal loans which would appear to be startup costs in 2003. Both notes had 2005 due dates so it would appear that they at least made enough money to pay back the $251,000 they borrowed in two years.
http://www.fedspending.org/faads/faads.php?&recip_cat_type=f&fiscal_year=2003&recip_id=9...
FLIPPING.
Do I wish I had flipped today? Yes. Am I sorry? No.
Because for every successful flip out there, there are a couple of others that aren't so successful. Every one of you know this, because at one point, you've been one.
There's the flip where you buy back in higher than you sold because you think the train is leaving without you, then watch it go back down.
There's also the flip where you watch the train leave the station and you're too cheap to buy a seat. You just watch it go on by and think any minute or any day you'll buy a seat at the price you want.
Got my little shares here, and sure, I wish I'd flipped them over the last couple of days. Probably could have bought a third more than what I have now. Maybe I'd have been in the third that didn't get back in or sitting here wishing I had only bought those .012's. Sure not feeling sorry for myself though, because I've done my DD and I know where this is heading.
Good luck everyone (well everyone but NITE).
Only one thing going on, NITE on the ask.
Love to see DeDe make a few calls to inquire as to why her companies stock is being abused...
It's a pinkslip meeting.
NITE is in the corner right now having his rear end chewed out by his boss for getting them in this situation. That's why no volume the last 30 minutes or so.
Guess that guy'll probably lose his job or something. And on Friday the 13th to boot!
Aint skeered of you NITE. Little peckerheads!
Where's the volume now?
"Once effective, the selling WiseBuys shareholders will receive aggregate notes issued by GS Carbon totaling about $2.25 million"
From the PR issued this morning.
Yeah, I think a lot more than 50 million short.
lol Will Rogers.
Somebody throw NITE a bottled water. It's hot in that hole.
In addition, we would have seen a form 4 filed within 3 days of the first sale. NITE is just digging themselves a deeper hole and working the settlement. Covering those from 3 days ago and trying to short more then slowly work the spread to make up the money. Sooner or later this merry go round is going to stop and whomever isn't on it pays dearly to ride.
Keep diggin NITE.
Thank you mc.
How the heck do you use ignore and where do you find the trigger?
I LOOKED WHEN READING A POST, BUT I DIDN'T SEE IT. CAN SOMEONE PLEASE TELL ME HOW TO USE IGNORE SO I CAN QUIT WASTING MY TIME AND FINGERTIPS PLEASE AND THANK YOU.