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Just weighing in here on Level 2 quotes and day trading this stock ... don't get distracted by it. Day traders get eaten alive in a stock like this. The only ones making money day trading a pinky at this stage of the game are the brokers and the scum bag companies offering all kinds of "insight" into day trading and the tools to be successful there.
Don't get sucked in.
I know you didn't ask, but I couldn't resist. I just hate to see people get screwed by the many vultures lurking in the world of pink sheets day trading.
Good luck!
If this was Facebook I would give your post a "Like" LM2002! The Old Watts was almost always a good read.
Give it a shot. My experience, with this company and others I have attended shareholders meetings for, what is said is very scripted and generally vague. But I certainly encourage anyone and everyone to do their best to get solid information such as what you are asking about.
Good luck!
If that question were to be asked, the answer would be something like ... blah, blah, blah,blah,blah ... and blah. (might use a few different words but message would be the same).
Watts is restricted to one post per day by Admin. At least that's what he indicated on his last post.
"Smells Like Teen Spirit"to me. :)
well said rarelyright ... that is exactly why I will not be making the trip as well.
I stand corrected ... thanks for the clarification.
97,870,307 shares according to Schedule 14.
locked up shares, yes. Unexercised options, no.
According to the recently released SEC Schedule 14A, Visser owns 39.8% of the shares. 18.3% in the name of Visser Precision Cast and 21.5% in the name of Furniture Row.
ooo ... you are defeating the purpose of those that have rarefind on ignore by reposting his contradictory posts. I, for one, recognized his inconsistency quite a while ago and have enjoyed not seeing his nonsense.
Don't get me wrong ... I appreciate the point you are making by reposting but it is easier and less frustrating to just put nonsense on ignore.
Keeping an open mind to all perspectives keeps one from getting blind sided. The fact that some one comments on LQMT but is not a shareholder takes nothing away from information that they find and share with the board. I appreciate it. Most analysts that comment on stocks and even make recommendations on them do not have any holdings.
Good luck to all!
If you can afford to lose 15% of your portfolio without having it impact your life in any way, then I would say you are OK. Personally, I do not like putting more than 5% of my portfolio in pink sheet stocks in total ... let alone one company.
As usual, I have no idea what you are talking about with your message. Anyway, have a good weekend all.
Maybe it will come back up and maybe it will be very sudden. But tax loss selling WILL continue through December 31st. It is because of that fact that I recommend exercising caution in making any purchases before December 31st. Really, what is the hurry? This stock has done nothing but go down for a long time. There is no news of substance and the company leadership has demonstrated nothing to indicate that the downward trend won't continue.
Do what you will. I am just trying to introduce another line of thought for you to consider before putting more money into a stock that is consistently moving down and probably will for at least the next month. Obviously I could be wrong. But personally, I will wait until there is some sign of actual performance on the part of this dead beat executive staff before putting another penny into this stock. Especially recently, the daily chart looks the same every day. The high is near the open and the low is near the close. That is not a chart you want to buy into ... especially when the only thing you have to go on is hope. Be careful.
Just my opinions, of course.
I know you didn't ask and I am certainly not a professional stock broker, but I see no reason to buy additional shares in LQMT at this point in time. The stock shows no strength, the company has not demonstrated any ability to make things happen, and we are currently in the heart of tax loss selling season between now and December 31st. I would only recommend that you think through your decision very thoroughly and make sure you have a reason to buy other than hope. I sure don't see it.
In fact, I see no reason to buy any US denominated security. Our Federal government has made decisions and put plans in place that will do nothing but put downward pressure on US stocks. In my opinion, we are on the brink of seeing a massive devaluation in the entire US equity market. And it was truly avoidable. Only horrible politics by both major US political parties can be pointed to as responsible for the next big downturn in the US economy, the world economy, and all equity markets.
On that note ... have a nice weekend everyone!!
I don't want to spend my daily allotment of posts on this topic. Your post really does not address the points I raised in mine. I have been a student of the Chinese economy and political system for decades. Trust me ... this is not a China workforce instability issue that is driving recent events and decisions. It is much larger than that. But either way, it should be a plus for LQMT that companies are moving their business out of China and some back here to the U.S..
If you haven't done so already, I strongly recommend learning about the Chinese political system and process. It is very intriguing and will be influencing the world economy more and more in the years and decades ahead. In the world economy, China is the 800 pound gorilla in the corner. And they are getting bigger and smarter every day.
As usual, AAPL is ahead of the curve. The pps is getting hammered over the last few months because they are ahead of the curve. It doesn't take a rocket scientist to figure out that AAPL margins will take a hit as they move production out of China and into the US. Labor costs are so much higher in the US that it is inevitable that margins will narrow. We will never hear the real reasons why AAPL is making the decisions that they are as they make them. You always find out months,if not years, later. But they are doing what they must and other companies will wake up later and do the same. It will be then that AAPL's competitive edge will shine through as brightly as ever and people will once again flock to AAPL stock ownership.
I am holding, as I have been for years, and only wish I had available capital to buy more shares now.
It is not the workforce in China that is unstable. It is their political leadership ... or at least that is what our(U.S.) political leadership would have you think. The Chinese are incredibly smart and well disciplined ... something does not play well into the hands of other countries where politics outweigh quality leadership.
LQMT, and all other foreign based (to China) companies would be wise to follow AAPLs lead and diversify out of China. Not abandon China. But make sure you have contingency plans to operate without China if the need or circumstance should arise.
Until something meaningful and real happens with LQMT, I pity the fools that are trying to trade this stock. The volume is so light that it takes hardly anything to create a huge % move in the pps one way or the other. This is a traders nightmare and a market makers dream!
I just hope there is an "until" some day. I have seen no sign of anything real in the few years I have been watching LQMT. There were a couple of times that this message board would get so whipped up into a frenzy over rumors or management innuendo that you would think something real was going on. But in reflecting back ... nothing has ever really happened.
Doesn't look all that encouraging to me either for something real coming in the future. We shall see.
I find that odd myself. Perhaps he enjoys watching the suffering. There are not many people that even go to the private chat room anymore. So he isn't going to feed on much. For months now there have only been two or three people in that chat room at the most. Now that he has announced he will be coming in that peak number has increased this week to about 7 or 8. But if he keeps kicking people out every time they make an honest comment that is not pandering to him, that number will quickly decline.
I guess I lost track of your timeline. I thought you had been saying wait until July 2013 all along. Now you are saying "another year and a half"?
You always said July 2013 because that was when you could sell without getting taxed at the higher short term capital gain rates (hard to type the word "gain" in a sentence about LQMT but what the heck).
So what is the basis now for moving your time horizon out another year other than it gives you another year to wait for something to happen?
There is nothing encouraging about LQMT from either a fundamental or technical viewpoint. I am really curious to know what your substantial thoughts are that would keep you positive for that long of a period out into the future.
Thanks
you need to do a little research on Swatch if you think no one wears watches made by them. They are a lot more than the Swatch brand. Check it out.
Don't get your hopes up. LQMT has given several of these presentations recently and they are nothing but fluff. Steipp and Chung have demonstrated the enthusiasm of snails. Neither of them are sales / marketing types. Very dull. Lacking in charisma. They do nothing to inject excitement about the company or its products in anyone who happens to be paying attention.
I think we both will. The only way I see this ending is Shayne Heffernan will do all he can to break the spirit of anyone still wanting to believe. When there is no one left to give a sh!t, he will go silent for a year or two and then start up another con job just like bztg. He will probably fine tune it a little to avoid making some of the basic conman mistakes he made with bztg and he will make more money on the next bztg.
Although, one place I might be wrong is in him waiting. He might already be in full swing on his next con under another name.
Shayne Heffernan had not been in his own private chatroom for a long time. He just returned this past Friday and said he would be visiting daily now. He doesn't stick around for long and when he does talk about BZTG it is very brief and typically vague. If people keep talking about BZTG he tries to change the subject and if that doesn't work, he just goes silent.
Shayne Heffernan has stooped to a new low in his private chat room. I just got banned forever. Reason: I commented that I would not refer anyone from my professional network to him to help with site development. With what he has subjected shareholders to over the last 5 years, I would never refer someone that I respect to him to deal with his double speak and lack of follow through.
So, there you have it. You are only welcome to the BZTG private chat room if you agree with whatever Shayne Heffernan says or does and you are ok with a CEO with no business ethics and no professionalism. Looks like he has set up business in the right part of the world anyway.
Just remember bam29er ... believe nothing that you read here that you cannot verify independently. There is the occasional post that shares some good DD on LQMT, and that DD can be independently verified. Good stuff. But where claims are being made, such as that you are responding to, obviously, those are completely meaningless.
Good luck!
Good luck with that. Buying in on rumors has never been a good investment strategy for me! lol
typical penny stock behavior. Random volume spurts, random price movement, all on no news. I wouldn't try to read anything into it.
I think you need to think a little more deeply into your analogy here Jimmy. In most cases, you probably would not stay the course and replace a $10 part every 5 years as opposed to paying $100 for a LQMT replacement part. Reason being ... there are a lot of other costs associated with replacing a part. Biggest among them:
1. downtime during replacement(also, lost efficiency while old parts start to wear out prior to replacement)
2. overtime after start up to make up for lost production during changeover
3. delays in meeting customer orders for whatever you are producing on the equipment that must go down every 5 years for part replacement
Many other costs but this should give you the gist of my point.
In production, the key is to minimize downtime. Parts costs in the decision are usually far out weighed by the costs associated with downtime.
I agree Sandy ... investing more than you can afford to lose in a penny stock is a mistake. It can very definitely lead to more bad decisions.
Some other things that can lead to bad investment decisions:
1. Only looking at one side of the expectation spectrum (i.e. only consider the positive side of things and ignore the negative)
2. Set artificial time frames for expected results (such as July)
3. Listen to advise of "experts" on message boards
... just to name a few.
Good luck!
Well, wasn't that cute? 925,000 share dump just like that. Must be someone "locking in their losses" while they still can. Isn't that what Stephen suggested we all do? I can't believe how much a stock like this, at this pps level, gets played around with.
AAPL does not have to come to the rescue to protect their interest in LQMT. In fact, I would imagine AAPL would rather see LQMT go belly up than not. Right now they have the two way sharing agreement. If LQMT goes out of business, AAPL still has all the rights in LQMT alloys that they do now but do not have to share any of their own research with anyone.
AAPL did not invest in LQMT ... they purchased rights from LQMT. HUGE difference. But I agree, AAPL would not invest in a scam company. And they did not invest in LQMT.
Draw your own conclusions.
All I can say to this is I hope the money you have invested in LQMT is money you can lose 100% and not have it effect your life. The same goes for anyone that follows your suggestions.
Sorry Sandy, but anyone that approaches an investment the way you suggest should absolutely not be investing in the stock market on any exchange. But especially not in the penny market. It is not a place to plop down some money and then not think about it and hope everything works out by July. In my opinion, this is irresponsible to suggest at a minimum.
This price movement is only surprising to those in a euphoric cloud about LQMT. I truly wish it was otherwise as I am still long LQMT. But LQMT management has done nothing to provide a catalyst in the market to buy shares. Oh wait, maybe they have ... they just can't tell anyone! Good grief. Everything going on with this company over the last two years is making it look like nothing but a slightly more sophisticated penny scam than most. Hopefully I am way off base and they actually deliver something.
Well Jimmy, like you said "pure speculation". And I appreciate you opening your post with that. Unless the additional money you are contemplating putting into LQMT is money you won't miss when it is gone, buying on pure speculation is generally a very, very bad idea. And please ... before anyone jumps all over my comment, please read it in its entirety.