Alive and Kicking
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NUGT is not in decay...It is in a nose dive.....
Where the hell is the Gold Summer surge?
This company is now officially worth SHIT.
Criminal.........The same level of conscience.....
Now that's different, for the first time this week we didn't tank 3 minutes before closing.
Nothing Mysterious about these markets...Stock market is one of the biggest factors in the wealth division we have this country.
Internet Trading just created the ability to rape the investor more efficiently. Gang rape is more the appropriate term.
Throw in
Deregulation, thanks Clinton
Abolishing of the uptick Rule
High Speed trading
Market Maker IOUs
and we barely stand a chance. These big money traders are making hundreds of thousand a day and the retail peeps settle for a couple hunge, if you are lucky.
The only tool we truly have is stops and hedges....It's all about minimizing the loss. Every once in a while you catch momentum as you and some deep pocketed prick are luckily on the same page.
Who is stupid enough to buy 1.2 billion shares of this garbage.
NUGT is now acting like a Penny Stock
Frustrating watching some prick with really deep pockets kill the momentum here.
NUGT wants to move up. But it slips by 10:00 AM every day.
Hoping China starts to buy Gold now.....
pretty blatant and incredibly obvious if you ask me....
The first indication of what these greedy fucks intentions were was in the last 10k.
After grinding through 50+Million I am blown away that the blood thirst wasn't quenched. A subsequent R/S and massive dumping prove that this is the SCAM of the decade......
Scottrade not accepting orders for this security online.
Just a matter of time till shutdown....
Any buy orders being filled at .0001 yet?
I agree, This Greece thing is BS. They make Olive Oil, retire early and work a very short week.......
Their economy is a dependent on a healthy tourist industry.
Not sure why they are where they are and why this austerity and vote has such a huge effect on our stock market is not clear to me.
Panic selling. The VIX is through the roof but will continue to decay when this dust settles.
Gold usually has a short rally in the summer time...Between June and late July.
I have been throwing a couple of hundred at penny stocks here there for about 15 years.
Some I make on some I don't.....
Same as with all other markets and vehicles.....Options etc...
I have yet to see an OTC, Pink or Grey actually execute a business plan other then what MDCN has done.
There is no incentive for them to do anything else. It is too easy to execute a pump and dump, costs little money and there is absolutely no accountability when the dust settles. Throw in MM's naked short shorting the hell out of your stock driving your PPS into the cellar and everyone wins but the retail investor. Whose pockets are picked every time. The smart investors are in and gone on to the next or have off shore accounts allowing the investor to short. (still risky).
Someone should forward the MDCN Saga off to the same law firm that is handling the class action against Growlife, Inc for similar business practices.
Substantial awards if class is successful.
Collecting is another subject all together......
reggie...spell check is a great DD tool.....lol
She might just take that left nut cause Ken got the right one and ran away with it....
One would have thought that the Greece factor would have been priced into the market.....
Gold is reacting strangely.......
Gold spot actually rallied a little today but NUGT tanked. I know that NUGT doesn't follow gold as tight as other ETF's but NUGT was heavily manipulated today.
Come Back after 2:00....
Pathetic management has nothing to do with what is going on......
Correct vernacular would be Pathetic Criminal.
Shareholder value has NEVER been an interest for this company....
To this company shareholders are a source of INCOME, REVENUE.
Gas for the new Lambo. That's it....Nothing more.
Based on last years 10k it was easy to see what MDCN was all about and it wasn't building a business.
Wake the fuck up..."a sucker borne every minute" is what feeds the OTC.
looking for China to start buying as they move to Gold Standard.....
The drop in their stock market will affect this tho...not sure which way.
Truly evil, you would think that fleecing 50 mil in investors money would have satisfied the Greed craving....not...
This board wants every drop of milk you have. Unbelievable that the human conscience can absolve itself on this level. I would imagine that somehow each one of these board members are filthy rich now or maybe they did pay out millions to IR, Legal and the like and lost all of that money. In this case their as dumb as I am for buying into this pile of stinking shit. IMO we have all been duped by a very well executed Pump and Dump as was evident by the paid pumping squad that worked this board all friggin day and night. The "Boom to da Moon" squad.
I have seen many of these POS penny stocks execute the exact same game. The one factor that made this one look attractive was the few real pops it had thanks to the media. These helped to draw in unwitting investor's money and instead of actually building a business in a space that is in it's infancy they chose the absolutely greedy and lazy route.
Hope all you piss ant pumpers and the board get fucking run over some day....... What goes around does come around.....
I made a little money here...but I would have rather have held on and watched my investment grow....Last Penny ever in my portfolio and if everyone thought this way these fucking crooks would have to actually contribute something to the human race by working.
Signed,
One Pissed off Investor.
Extreme Greed is as evil as it gets......
No pre-market action in NUGT this morning.
Pretty rare....
MDCN has to dump a lot of shares to make the 5 grand it needs to pay it's only employee now........too funny
In for 2k at 9. Going to pray for the July gold rally......
Like the consolidation here. anything near 9 is a good entry.
rockoid, after 15 years of investing, mostly in other markets but dabble in OTC once in awhile, I have yet to come across a legitimate Penny stock.
Still holding out hope. The first tool in my DD I like to use is Google earth. If I don't see a sign I do not invest. I will even call local lunch places to see if they have ever heard of the company.
I am convinced they are all crooks.......
Ive have been resisting the pattern day trader designation.
but may cross that line as the volatility seems to be leaner lately.
Homebrew...don't believe in big Government but "Self Regulating Market" is impossible.
Greed is a powerful motivator. There was a board member of this company with political ambitions for the highest office.
What does that tell us?
Why should they bother, it is so much easier to just sell paper......
Any postal workers own this......lol
Gold does usually rally mid summer.......but it isn't even summer yet.
Sold NUGT yesterday and gave back some profits in JDST this morning.
Damn I hate it when I do that....
Malvern, great argument, huge speculation play on MDCN's part...
Indian reservations do make much more sense IMO
Customs is going to let a Vietnamese pot growing company import pot so MDCN can lease space for ??? of the Vietnamese product ..?
Does anyone else realize how ridiculous this sounds?
Malvern, Exactly my point.....who cashed the checks and what service was provided?
Start with the last 10K and ask for an accounting of the Consulting and IR fees that were paid to the tune 47Milion dollars. You would think the IRS would flag the corporate year ends and wonder how a company with no revenues can have a 47 million times loss then the prior years. And still produce no revenues the next year. Anyone who goes to pre-school with a pencil and a piece of paper can figure that one out, unless they are reading this board.
None of these POS penny stocks honor their fiduciary responsibilities and they just walk away as no one ever seems to have the gumption to make noise and when they do the noise falls on seemingly deaf ears.
This board must be a basher/pumper training bra for entry level boiler room employees.........lol
What does "Closed a leasing agreement mean"? Does imply signed an agreement or just stopped talking about one.
These PR's are so carefully crafted...I have actually seen one for another penny ticker that said the company has acquired the option to acquire an option to purchase a so called asset.
What's up with the 19 Million form T .007 above ask?