Today may or may nor be like yesterday (shrug), but this thing is a serious INVESTMENT, imo.

We're all traders, but some of your cash just has to be parked long-term. BNGO is one place to park it.

Bears would like to take it down to around 1.80 or less but, no matter what happens today, there doesn't 'appear' to be must resistance at around 3.00.


For whatever it's worth, that's what I think.

I also think this could be a $100 stock by the end of this decade... if not sooner.

This thing is up 60% and there's nobody here.

Simply amazing...

It's the future, man.

Ya' gotta' dig into this... SERIOUSLY.

This thing is HOT.

Do your dd. I know, today it's trading, but this is also a multi-year investment.

I'm talking $200-$300 within 10 years. Check it out for yourself...

Wow, people seem to agree with this. Second down day in a row for the market (overall) and this thing just keeps slowly inching upward.

We may be seeing $13.00 by months end...

I would tend to agree that it 'should' be @13 right now. But it isn't (shrug). Give it a month or so. This stock should be at 14 (AT LEAST) by this summer, IMO.

This is an excellent company and a great long-term investment.

Wow, this thing sure tanked.

I would look to buy this thing at about half its current price... if at all.

Dredge, you are certainly the expert here. On that, we all agree. But pictures in some old video (or whatever) aren't selling anybody. That should be obvious by now.

And yes, they aren't in Africa for their health. I agree that they are there to get the product out of the ground/river. But at some point, in some way, and by some measure, they simply have GOT to tell us something about what the f*ck they're doing and what they've accomplished - if anything (which is becoming more doubtful by the day).

If this land deal is a dry hole, then they need to say that. Something like, 'Hey guys, this is a dry hole. Whoops. Sorry." It's the silence that's so maddening. On the other hand, if they've recovered something by now - ANYTHING - then let us know. It doesn't have to be exact. Give us a round number. Give us SOMETHING... if there's anything at all to give.

dredgemaster: SNEY needs to stick to thier plan and show that they have done so.


I believe that if they had recovered even so much as a teaspoon full of gold dust, we'd have seen pictures of it by now. Obviously, they don't have jack or sh*t.

I really like the idea of this business in Africa. The time is definitely ripe for gold mining/dredging. I'd just like to find somebody who's actually DOING it.

Well, certainly the people who printed all these stock shares have made a fortune. As for anyone else, maybe... I guess. For all we know, these guys are dredging a fair amount of gold and just sticking it in their pockets. How would we ever know, one way or the other?

Right now, today, I can't see why anyone would want to buy this at ANY price. Say what you will about my opinion, but I just don't see anything here worth any more of my money.

Unless they quit paying their SEC atty for filings, the odds of this shell being sold to another group is 100%. These things are always for sale. In fact, it's my guess that the atty now owns it.

Of course, you don't have to out right 'sell it'. He can simply offer most of the available shares to another business as a quick way to go public.

But for something like that to happen, the new people would have to have audited financials. It's a lot of work to set it all up. But it's a hell of a lot easier and faster than starting from scratch.


The bottom line is this: It's hard to go public. It ain't easy at all. So an existing shell (and that's all this is anymore) is a valuable commodity. If sold to, or merged with, a new business, the old shareholders could potentially do very well.

WHEN? Who knows...

The impression I get is that someone is quietly trying to buy all the shares at the cheapest price possible. It could even be an under-the-radar buy back. That's my theory at least.

Never forget that a public company is worth something. Lots and lots of people would like to 'go public', but it takes a big stack of money and a long time. The quicker and cheaper rout is to simply take over an existing shell - and trust me... this 'company' is nothing more than an empty shell.

But to sell a shell, you need something to sell. You need to have the shares that go with it. Thus, the buy back.


The bottom line is that this 'company' is one guy (maybe two) with no money.

Audited financials are critical to increasing this stock's worth. Needless to say, the information contained therein needs to be positive. But the fact that they are here is huge.

Audited finacials and ditching the CE will be very, very good for this stock.

Man, your posts are just about the best ones - since you actually know what you're talking about. And though I don't claim to be any kind of expert on 'anything', it's just MHO that SNEY is a real gem. I mean, this pink sheet stock is a RARITY in that it's a real componay, with real money, with real operations and with real information. That's quite unusual! Seriously, that's rare.

Of course, everyone's eyes are glued to their screens with the hopes of earning a quick few hundred (or more) today. But I think this is one of those incredibly rare pinks that you can actually take a 'long' position in (long for pinks, anyway)... and not watch it from day to day.

In my opinion, for what it's worth, this stock isn't going to gallop free until at least mid-June. There are a LOT of sell orders to chew through and not enough volume to do it between now and then. Ditching the CE and moving to a higher exchange (anytime soon) are nice things to dream about... though they may not happen anytime soon. However, I LOVE this stock and plan to continue adding. To that end, and to be honest, I wouldn't mind seeing it dip back to 13 again - or even 12.


Then again, who knows what today may bring...


/it's just one man's opinion

Looks like they're not paying the bill for the web host. So much for the 'expanded investor relations' program.

Unless something happens in the meantime, it appears that we won't be informed about their plans and operations until the next SEC filing.

If I were to guess, I'd say that they are shopping for a buyer (for the shell) or someone to merge with...

I'm holding here too.

One thing that people ALWAYS seem to forget is that you don't earn or lose money with a stock until you close out your position. As long as you still have your shares, nothing's happened!

So panic selling achieves nothing. The new guy taking the reins and doing the reverse split tells me that they are making a move to look better for whatever deal they're trying to put together. The problem for us (i.e their current investors) is that we have no idea what they're doing.

If it is even possible to contact these people, I would ask about their new investor relations program - i.e. the one that they touted about 30 days ago. This new fellow in charge now owns over half the company's shares. You would 'think' that he would like to see the PPS rise! Well, that's not going to happen the way things stand now. In fact, the last 30 days have looked an awful lot like a classic Pump & Dump - which is a crime, by the way. You can go to prison for it.

This needs to be addressed.

All of that said, the long term chart looks to be setting up for a repeat of the last two price spikes, though (if history repeats itself) it won't happen until late June or sometime in July.

There is definitely a great deal of interest in this stock out there and it is (no doubt) on a lot of watch lists. It's been on MY watch list and I may get in today. The long-term upside is incredibly tempting. I'd like .0006 (naturally) but it looks like .0007 is what it will take, because I don't see any sellers here.

However, it's also been a flipper's dream these past few weeks and doesn't appear to have any inertia one way or the other - at least not right now.

That said, I'm curious about something. Has anyone done a video chart for this stock - like ClayTrader or one of the other guys? Those are always very interesting but I don't see one attached to this board. Or, if it's there, I'm overlooking it...

Facts are facts.

People can see that they don't have to buy at the ask. If they SEE that they can get this for 7 (or even 6), then that's what they want to pay. It may be back down to 5 again in a few days, who knows? That's been the pattern, afterall.

You sit here on a message board and 'demand' that strangers pay what you insist that they should pay. But that's not reality.

The answer to the 'have we lost our money' question is yes.

If you're long in this stock (because you actually believed in these people), you just got screwed out of your money. It's been stolen from you.

And they simply do not care...

If you're looking at the chart, then you're looking at various things. We all look at different things, and look at them in different ways.

Personally, I tend to put a lot of faith into narrow Bollinger Bands. When I see them narrowing/pinching, I generally (though not always), see something significant happen before too long. However, the words 'too long' can mean different things to different people also.

Right now, on the 10, 5 & 3 day charts, the Bollinger Bands are incredibly narrow. So, IMHO, this thing is going to break hard - one way or the other - and do it soon. But to me, 'soon' means anywhere from today to 30 days from now... maybe even 60 days. It just depends.

But from my experience, very narrow Bollinger Bands are reasonably good indicator that something will soon happen...

'VERT just crushed everyone again.....guy is an animal'


'He' is a probably a computer algorythm.

I have to say I'm impressed. For one thing (and this is huge), the company isn't selling into this bull run. That's a sign of honesty and good faith that everyone looks for - a rarity in pink land.

This stock has already had a splendid day. But if you look at the chart and notice that the company isn't dumping, this thing could easily go right back up to ten cents plus.

I might have been wrong to knock the company a couple of days ago. I'm definitely IN now...

I have to agree. This looks like a classic pump & dump. I feel sorry for those who lost 90% so quickly, but I'll be damned if I'm going to suffer the same fate.

This could easily plummet to triple zeroes.

Hey gang, haven't posted in a while since things haven't changed in awhile. I know it's easy to get down while things lolly-gag along in a sideways pattern.

Just hang in there. This thing is going to take time but it will be WELL worth it, IMHO. This is the only stock I own right now and I just keep buying more of it - twice a month, religiously.

My advice is not to follow it every day (I don't). It'll just melt your brain...

fenian32: Gigantic amounts of shorting going on. We just need one large public buyer to come in to start a squeeze.


Would a buyer with 40 billion dollars help?

research177: The specialists control the stock. They hold a ton of buys or a ton of sells to place within a minute's time to control the stock frequently. If I said it once, I have said it numerous times, this is nearly totally unpredictable from day to day. They seem to be able to do anything they want to with it.


I believe that you might be onto something, though I think it's necessary to look at it in the correct light - i.e. a positive one.

If you are like 99% of the stock buying public, you take a position at one price and hope to sell at a higher price. Simple. But that involves waiting. The 'specialists' that you refer to don't like to wait. They aren't going to wait. They make money on the wave motion of the stock and I tend to agree with you that certain forces out there are very much able to create that motion - at least they are at the present time.

So what does that make us? Feathers in the wind? Seaweed floating up and down on the waves? Perhaps. But is that a bad thing?

Think about it. If the price of this stock (or any stock - it doesn't matter which one) moves up and down in a more or less sine-wave pattern, then rich can come rather easily. Simply sell on the crests and buy again at the troughs. If the 'pros' are making this happen, then use that and go with the flow!

Under the right circumstances, this stock could never go higher than $5.00 a share and you could still become a millionaire trading it.

If and when it finally returns to those $10.00, $20.00 and beyond prices, well... that's just a bonus.

stockreader: So what is the reality of the situation here? Will we all make it here in the long run with AIG?


Of course.

I just added more yesterday @ around 2.25.


Two things:

First of all, the government owns 80% of the company and isn't going to lose its investment. Period. It isn't going to happen.

Second, AIG is going to pay off the loans (which will eliminate the titanic dilution of the government's shares) and it will be in the black.


You guys need to calm down. The whole world needs to calm down.

Realperson: AIG should trade like a pink for some time and should be a great trading stock.


Agreed.

martingale: AVF is even better and paying currently a 40% yield on the AIG bond. See that board. I have confirmed they will be able to meet these quarterly payments by agreement with the FEDS on 9/26/08. See the AIG
8K for that date in this regard.


Thanks, man. I've been checking it out. It is excellent.

Joe Stocks: I agree that AIG is a good buy down here. That said, I think AVF/AFF (AIG Exchange traded debt) offers nearly as much upside with less risk, plus you get paid interest.


That's interesting. I'll check it out this week.

Thanks.

martingale: The government 79.9% stake is a done deal it cannot be reversed. However AIG could emerge from the FEDS control if they can pay back the money on loan to them.


What - you think they might not? Of course they will.

In this whole mortage/mortgage-insurance tulip bubble, AIG got taken care of first (and for good reason). Yes, the federal government is our partner now, but is that a bad thing? You think they plan to lose?

I felt good about buying last week @5.60 and I feel good about adding more today @3.08. It's all good.


This one's an investment & not a trade. It's fantastic.


I can honestly say that, at these prices, I've never felt better about any stock I've ever held. I'm going to keep adding with the full knowledge that it will be this time next year before I'm really smiling...

Wow. Just wow.

david7979: I think you still have room to make money. we should see $6 by EOD. Get in on the dip. Look for the dip.


It's not dipping. Got in @5.60 and feel real good about it.

analogdog: Kiss this one goodbye... FDIC wiped out too.


You're living about 9 hours in the past.

Well, all things considered, that wasn't bad. At least it's going in the right direction.

Direstorm: I'm with you regarding this company, but the stock is not cooperating. I will get back into this stock as soon as this fear is gone.


I hear ya'. I bought yesterday convinced it couldn't go any lower. Yet here I sit today, down 34%. (LOL)

It's mind boggling. But the weird thing is that I feel good about it. It's a strange kind of calm.

Perhaps you're a wiser man than me.

Here's kind of an interesting article I found from Tuesday: http://seattletimes.nwsource.com/html/businesstechnology/2008167519_wamu09.html

It doesn't say much but I had to dig to find it. Whatever.


I think I'm inclined to agree with the 'short' theory on this stock. There's just no way that this kind of daily volume is being generated entirely by people bailing out. Not at these prices.

It remains my belief that in the very short term, this will be a $4.00 to $5.00 stock. Seriously, WaMu is not a $2.00 stock. I think book value is at least 4x that.


I have to admit, though: Today's action was bewildering. IMO, it's panic selling, magnified by shorting that's riding it down.

makingbiigdough: WAMU is going MUCH HIGHER 2day!


I don't know about today, but it will go up. The new ceo has pledged a return to the institution's core business - i.e. fee-based banking services.

Here in Houston, there are 109 branches and when I was out yesterday afternoon, I heard two seperate ads for WaMu on the radio, enticing new customers to open accounts. I think you're going to start seeing a lot of this in the weeks and months to come as they re-order their priorities from the top down.

Brad S: I'm in at 3.19 with a tight stop.


That's nice! I bought in @ 3.42 at mid-day and feel really good about it. There's just no way this is a three dollar stock.

I think this is real, real safe short term play - for longer term, it's a very good buy. I'm thinking 4.00 to 4.50 by Thursday.


/much better than GLCC, huh?