Opportunity Favors The Prepared Mind!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
This was to be expected, we've seen this movie before, the MM's and Day Traders have ran it up as much as possible and now they're dumping and taking profits, no rocket science here. This Stock was so Overbought from a chart standpoint on the, Daily, Weekly and Month POV. Remember it's a Sub Penny stock for a reason, they're the easiest to manipulate and can create lots of baggers, I hope some of you took profits. GLTA!
Double Top consolidation, plus weekly RSI way Overbought be careful here from a chart stand point
The Original RushNet Beverage Company....
RushNet Inc Ticker Symbol: RSHN
When I first bought into this company years ago, like many others, this company actually had real potential that you could believe in, most of us early investors was hoping for a buyout of Rush years ago but it never happened. Long story short, he financed it to the bone, where he lost control of it and the trade mark ( RushNet. ) So, this is where it is now, had real potential years ago, welcome to the wonderful world of subpenny stocks! GLTA!
Wow, I bought this stock when I was a newbie almost 10 years ago, it's been idle for a long time with no movement. I haven't paid attention to this stock in years, since I don't trade Pink or OTC anymore, you live and learn. I see gains on this in my portfolio, I still have 50,000 shares of this...lol Is this still a Beverage Company?
A Chart Analysis perspective, you have 2 patterns a merging from a 45min chart, the dip this morning has formed the head, you now have a head and a left shoulder, the stock should go up from here to formed the right shoulder, giving a head and shoulders bottom. Also from a 45min chart, you can view a bullish wedge pattern from the low on 8/2, the stock is still making higher lows....GLTA
Now that the News is baked in for the cause of the dip, it formed a Head & Shoulders Bottom on the 5 minute chart 4day time frame, we should see a nice pop from here....GLTA
You now have a Confirmation Bottom, as others have stated. A 1 - 3 - 5 up pattern has formed, this will now challenge the previous high of 0.3648 on 6/21... GLTA
Potential Elliott Wave Pattern forming on the 15m chart, use ZIG ZAG line to see it. glta
An Elliott Wave pattern has formed on the 15m chart, use Zig Zag line and you will see it....glta
The stock was way over bought at that level and pulled back into Fib 61.8% and VWAP levels....glta
A Clear Double Top from a chart analysis, if you looked at a 10 minute chart over a 4 day trading period, you would clearly see. The First Top happened on 6/9 - High (0.0845) the Second Top happened on 6/12 - High (0.0830) w/ the the first (H) becoming the Resistance Level. The Support Level happened on 6/9 - Low (0.0511). Add your MACD & SS indicators to this chart and you will also see that the momentum was there on the First (H) and was NOT there on the Second (H) not able to break the ( RL ). Also you can see that the stock was trending down from that point. Always look at different trading periods to get a better prospective. GOOD LUCK TO ALL!!!
Wow, are they still trading this...
I remember when this POS was GWGO about 2 or 3 years ago, I also before as a newbie/rookie thought this garbage was going to $1. You'll learn fast as a newbie/rookie if it sounds to good to be true on the penny market, it probably is. Example when it was GWGO 3yrs ago the price of gold at that time was around $700US give or take and supposedly this company had gold mines all over the world. Well the price of gold started rising higher and this stock didn't move at all, common sense would tell you that if the price of gold is moving higher on the charts, that would make this companies gold mines worth more & they could sell gold at higher prices, you think that would push the stock price up ( yeah right ) from that point I knew that penny stocks were worthless and just a pipe dream.
You must ask yourself the hard common sense questions and do hard DD on why you think this stock will go higher, this crap is not worth the piece of paper it is written on, their is no assets, no revenue, no major investors, Zero. When this garbage was GWGO we heard it all also from the Mergers & Acquisitons, lots of Foward Splits to keep us happy for a while, then they R/S it later. To new Transfer Agents & the Shorts, the 8k's were all @#$%^ all of the same crap that you are hearing now. This is just fact on my experience with this stock, you will learn on your own about the penny market. Here is another great example to leave you with, do you remember the show " Married With Children " when Al Bundy ( Ed O'neal ) buys a gold mine from the old man ( John Byner ) to put it short, that is what you are buying here, nothing but fools gold. Good Luck and happy trading, remember to always do your own DD.
FFGO is GWGO in Disguise...
As " Jim Cramer " would say, always look at a stock from the negative side first before you buy it, so when it goes wrong, you'll know why.
Pink Sheets “ Money Pit “
The attractiveness of the pinks, to purchase an abundance of shares at a fraction of the cost, is the lure to the newbie & inexperienced investor. To dream a dream & ride the coattails of a pink to riches ( Sub Penny Stock ) with a non stellaris business model & ineffective management, is the illumination of all fantasies. As you become more knowledgeable about the pink sheets, and learn that their rules are less stringent then higher exchanges, your dream begins to slip away. The non disclosure of profitability of revenue/earnings or debt over ample time, lets you start to conclude that your abundant purchase is worthless. As your dream sinks in to the abyss, like your stock, if not already,
you learn that theirs no liquidity in sub penny stocks & you're basically held hostage at the MM's expense. Unable to sell your worthless purchase, you are now hit with a PR that will further dilute your dream in the form of a “ Reverse Split “ to turn your abundant quantity into less quality more then ever bursts your bubble.
Source : The Sucker Business Times
Pink Sheets “ Money Pit “
The attractiveness of the pinks, to purchase an abundance of shares at a fraction of the cost, is the lure to the newbie & inexperienced investor. To dream a dream & ride the coattails of a pink to riches ( Sub Penny Stock ) with a non stellaris business model & ineffective management, is the illumination of all fantasies. As you become more knowledgeable about the pink sheets, and learn that their rules are less stringent then higher exchanges, your dream begins to slip away. The non disclosure of profitability of revenue/earnings or debt over ample time, lets you start to conclude that your abundant purchase is worthless. As your dream sinks in to the abyss, like your stock, if not already,
you learn that theirs no liquidity in sub penny stocks & you're basically held hostage at the MM's expense. Unable to sell your worthless purchase, you are now hit with a PR that will further dilute your dream in the form of a “ Reverse Split “ to turn your abundant quantity into less quality more then ever bursts your bubble.
Source : The Sucker Business Times
Worthless.....
These pr's are all worthless b/c they don't help the stock, these A-holes need to talk about buying back all those diluted shares first, before they talk all that other garbage! Once they do that, then they can talk all that other BS, until then all pr's are worthless. GLTA
You get what you paid for.....
Remember that old saying, you get what you paid for, so if you buy garbage, you get garbage. This company is garbage!!!GLTA
Pink Sheets “ Money Pit “
The attractiveness of the pinks, to purchase an abundance of shares at a fraction of the cost, is the lure to the newbie & inexperienced investor. To dream a dream & ride the coattails of a pink to riches ( Sub Penny Stock ) with a non stellaris business model & ineffective management, is the illumination of all fantasies. As you become more knowledgeable about the pink sheets, and learn that their rules are less stringent then higher exchanges, your dream begins to slip away. The non disclosure of profitability of revenue/earnings or debt over ample time, lets you start to conclude that your abundant purchase is worthless. As your dream sinks in to the abyss, like your stock, if not already,
you learn that theirs no liquidity in sub penny stocks & you're basically held hostage at the MM's expense. Unable to sell your worthless purchase, you are now hit with a PR that will further dilute your dream in the form of a “ Reverse Split “ to turn your abundant quantity into less quality more then ever bursts your bubble.
Source : The Sucker Business Times
Pink Sheets “ Money Pit “
The attractiveness of the pinks, to purchase an abundance of shares at a fraction of the cost, is the lure to the newbie & inexperienced investor. To dream a dream & ride the coattails of a pink to riches ( Sub Penny Stock ) with a non stellaris business model & ineffective management, is the illumination of all fantasies. As you become more knowledgeable about the pink sheets, and learn that their rules are less stringent then higher exchanges, your dream begins to slip away. The non disclosure of profitability of revenue/earnings or debt over ample time, lets you start to conclude that your abundant purchase is worthless. As your dream sinks in to the abyss, like your stock, if not already,
you learn that theirs no liquidity in sub penny stocks & you're basically held hostage at the MM's expense. Unable to sell your worthless purchase, you are now hit with a PR that will further dilute your dream in the form of a “ Reverse Split “ to turn your abundant quantity into less quality more then ever bursts your bubble.
Source : The Sucker Business Times
Finally...
Wow, finally I was able to sell this garbage. GLTA
More worthless divy BS....
More divys that are worthless, these !@#$%^ need to stop with the divys & start making profits to turn these worthless divys into equity for their shareholders. I know we're all tired of the divy game, they give them, then they take them away, know they give some back, give us a break already. Make money already, like revenue/earnings, to stay in business. GLTA
Just A Theory...
If this stock hits $1.00, then it may go back to it's avg PPS above $2.00. ( Just a hunch ).
Heres my theory and remember, it's only just a theory. ( Disclaimer: Don't buy this stock, this is only just a theory, a hunch, an opinion, do your own DD & trade at your own risk!!!! )
Ok...
1. These crooks proved something to the SEC for them to continue to trade, I guess we will read later from the SEC on future findings & conclusions.
2. Why would they let the stock go under with the lead crook holding an abundance of O/S shares. Being cleared to trade can turn this stock into a cash cow from future sucker investors with the false promise of black gold and trading on the Nasdaq.
( Disclaimer: Never find oil or trade on the Nasdaq, this company will be very cautious in future PR's with the SEC watching. )
3. To attract new & bigger fish ( new suckers ) this stock has to go back to the PPS it was trading at before the SEC investigation. So when future big fish look at a chart and see a drop off, the crooks will say that the SEC did a false investigation and it was nothing & now we're back trading at our avg PPS above $2.00. With the bigger fish on board and more capital around and more false pr's to push the PPS higher, the lead crooks will slowly start to sell off at a higher PPS which is perfectly legal & more cash in their bank accounts.
Who's buying this stock right now?...my hunch is... ( Insider buying on the open market ) to push the PPS back up so old & new investors can jump back in. If you're still stuck in this, hold on it's gonna be a bumpy ride!!! ( Remember, this is just a theory, do your own DD & trade at your own risk!!! ). GLTA
Wow, those crooks didn't waste anytime releasing a new BS PR, only this one is true, more crook appointees by the lead crook.
These crooks must be dumping their share back into the float b/c who's gonna buy this garbage right now.
Sell off.... Down Big!
Terax back trading
Just imagine if this POS actually had gold in those mines that they talked about in all those PR's awhile back, we wouldn't be in this position with gold moving up big. Maybe someone sold them the grand canyon and they thought it was a gold mine....lol
If you look back at the last 10 PR's on yahoo finance, you can see that 7 were paid to MarketWire. The other 3 were from Edgar online for 8k's, this is one of those things that makes you say, hhhhhmmmmmm!
TERAX SUSPENSION
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
September 12, 2007
IN THE MATTER OF :
Terax Energy, Inc. : CORRECTED ORDER OF
SUSPENSION OF TRADING
:
File No. 500-1 :
It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Terax Energy, Inc. (“Terax,” trading symbol TEXG.OB), because of questions regarding the accuracy of assertions by Terax and by others, in reports filed with the Commission and in press releases to investors concerning, among other things: (1) the status of Terax’s oil and gas operations, (2) Terax’s purported financing agreements, (3) Terax’s supposed acquisition of a controlling interest in a foreign oil and gas firm, (4) the existence, terms and status of a purported share exchange agreement between Terax and Westar Oil, Inc., and (5) the identity of the persons in control of the operations and management of Terax.
The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of the above-listed company.
Therefore, it is ordered, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the above-listed company is suspended for the period from 9:30
a.m. EDT, September 12, 2007 through 11:59 p.m. EDT, on September 25, 2007.
By the Commission.
Nancy M. Morris Secretary
The only PR that can save this stock is...If Corr agrees to buy back half the float & that will happen when pigs fly. So we will be waiting along time...lol GLTA
abandon ship, dilution is among us...lol GLTA
I Agree, an r/s is next on the agenda & believe it or not, but this was all apart of his plan, no plan...lol GLTA
Stick a fork in Rush Stock ladies & gentlemen b/c it's done...lol Did I hear someone just bought 20M of this. Hey let him know there's a bridge in NYC that I would like to sell him...lol Oh well, looks like Rush has rent for another month...lol GLTA
If you believe that, then there's a bridge in NYC that I would like to sell you...lol (2) Subpenny stocks don't trade like regular stocks & (3) this stock would fall under consumer staples. GLTA
The key road blocks to the success of this stock will be the float & the o/s at this present time, bottom line. This will be the major hurdles to over come, period, until their is an r/s which would make this even more interesting. GLTA
The usual, over promise and under delver, forget about all they said on 5-3-07, if there is no great pr in the pipeline very soon, this POS is headed back to 0.0001 and the party is over. GLTA
Future Forecasting for RSHN; since the bonehead has added another 6b a/s to bring the total to 12b a/s.( Economics 101- limited supply Vs. Increased demand will bring the pps up ) Heres my theory ( boy I hope I'm wrong ) He lets the pps drop to 0.0001 ( thats where it's headed anyway ) as the stock sinks into the abyss, he make an aquisition with some of the 12b a/s. After the deal is finalized, a month or 2 later he pulls r/s ( thats to reduced the amount of shares held by shareholders ) to bring the pps up to 0.01 to 0.05. The pps fluctuates at the resistance and support levels to let others stake their positions in the stock. After some cat & mouse play to get investor's excited that the stock will go higher, the debt holders slowly dilute the stock back into the abyss. ( That's what I see in a nutshell, it's happened before with other subpenny stocks & it will happen again ) Others will refute this and thats fine, this is just my theory. GLTA
Wow, damn typo's, what I meant to say was, they CAN'T afford to go back to 0.0001 and with no growth and no revenue profits to count on, with dilution setting in, it's gonna be hard to stay a float. GWGD needs real pr's and no fluff to survive. GLTA
GWGD is at the point of no return, this means dilution is setting in, I was hoping they would have did the ticker change before this would happen. This is just another sign of no growth and revenue profits to count on to keep GWGD a float. Any time a penny dips to subpenny and hits 0.0050 it has been my observation that it's hard for the stock to recover, just do some DD on chart research and you will see. GWGD needs BIG news or it's over for this stock, they can afford to go back to 0.0001. GLTA
Just to add my 2 cents, but I've been stuck in this bear for over a year, this company did look promising but now I'm convinced they're just garbage. GLBT is leveraged and diluted to the eyeballs, just look at all the 8k's they have filed and that will tell you how much trouble this company is in. This company has no cash & revenue is very mi-nute to put it lightly, they have to borrow constantly just to continue their operations & thats not a good sign for a pink. I hope I didn't dash anybodys dreams, but it is, what it is & this is a " don't buy " as Jim Cramer would say! GLTA
The problem with this stock is that the shorts are all over this one, 2.5M shorts, i'll be glad when the bears go away and let this babe move up already.