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What is your technical read here Soapy. On a daily, like the ability to hold the 9 day with nice volume on Friday. Clearly oversold on the MACD as well. On a weekly, has a ways to go to get to the 9 day. Financing news or lack there of could trump any techncials, but curious as to your thoughts.
Right. Both you and Myth seemed to care quite a bit at the time. Quite the investigation as to my motives. LOL. I understand though, not a good day for you. Good luck.
Wow. Can't tell you how glad I am to have taken off 2/3 of my stake back above .004. When I posted that I was selling, I remember being ripped as though I was playing games here on the board. Is always prudent to "manage" one's investment. Buy and hold just doesn't cut it. Out of remaining million shares as a few minutes ago. Had high hopes that it would would work. Oh well. Greener pastures.
Not sniveling at all. Quite happy with myself for practicing sound money management. Learned the hard way that just because the underlying company may doing good things, etc. etc, and has value far above the stock price doesn't mean the stock will act accordingly. Go look at TATTF to see my point. At the end of the day, I knew that I could always add back what I took off if it say broke through that .0065 level that it was at a while back.
Just responded to Myth about this and his post. Yes, I was an ETrade seller, but don't know if I was "The" ETrade seller. Maybe there are others with Etrade accounts that believe in taking some off the table rather than just taking another swig of the Koolaid. In no way, am I betting against this going higher. I still hold 1 mil shares. Far less than the 3.8 mil I did hold, but nonetheless I am long. Simple as that. What if you're wrong? Think you may have somewhere around 10 mil shares, right? That is a big bet to make on someone who may be selling shares right under your nose and not telling you about it...despite a number of conversations you appear to have had over the last few months. If this was a relationship, I imagine you would demand an explanation and have to rethink whether or not SIVC has your best interests at heart. Could be wrong of course. We'll see shortly.
Go back and read my prior posts. Not sure if I posted it under Banker21 or Capitalist. No sinister reason for two ID's, but use one when I'm at work and one at home. Had forgotten my password when I was at work one day and wanted to read some posts. Set up the Banker21 at that time. Funny how you and Rain think this is part of some coordinated attack. Anyway, held 3.8 mil shares at one point and now only hold 1 mil. Sold about 2 mil in the .0042 to .0045 range. Had a cost basis of .0058 at that time so lost a few grand. What I have in there now, doesn't keep me up night worrying about what in fact has transpired here in the last few weeks...i.e the 50% drop from the .006-.0065 level. Just when it looked ready to breakout over .0065 it started to retreat and has been falling ever since. To see the Ask filling up above .004 today was not encouraging. If I still had 3.8 mil shares and saw that, it would drive me nuts. Could be wrong, but learned the hard way that you can never fall in love with a stock and allow that emotional attachment prevent you from being prudent and taking some off the table to preserve capital. I mean, look at some at some of these names such as DRYS, TBSI, SOL, ATRO, APWR. All are incredibly cheap and have gotten crushed. The fact that DRYS for example is trading at a PE of roughly 1 at this level and is growing at 100% a year proves my point. That means it was still "cheap" at $70. Could have easily convinced myself to buy it at that level based on valuation. Someone did and is probably still holding it. Could take a year or longer for it to "come back" to that level. Who knows right? But if that person would have recognized the value of cutting losses quickly, he/she would have been able to ultimately buy it back at half that price. Not losing money is making money to me. GLTY.
Sellers stacking up here. Keep dropping the ask. Not a good sign prior to release of financials. Glad I took off a ton above .04. Still long 1 mil though.
Myth,
You're missing the point here guy. I came on to the board after I had already made my purchases. Were you expecting a formal announcement of some kind? When I own shares in a stock, I always protect the downside. The "in case" is the belief that I don't know what is going to happen nor do I completly understand the motives of others. For you to believe, that you do, is ridiculous and naive. As it now appears that the price is holding up around the .004 area, and now we know that the filings will arrive on or before 8/15, the probability of the this going higher is greater, IMO, than it is of this going lower. You can't be such a believer that you dismiss the probability of anything negative occuring. Read the signs and adjust accordingly.
You buying more here Rain?
Goes below .004 today. Great...just great.
What..no takers here at .0041? So easy to get in but impossible to sell. Still very long but had to take
some off the table so I can sleep soundly.
No takers today at .005. I'm tapped out but we need bullish news soon or this sees .004. Will be the bottom of an uptrend and really needs to hold there.
I hear you, but it still bugs me. Been trading for a few years now and understand the illogical nature of markets. Never seem to be "okay" with it nonetheless. Count me in on the jet. Can see 5 mil shares just over the horizon from my window. I'm sure some of those purchases funded something. Just hope it wasn't someones mortgage.
What a joke today is. On the cusp of a wave of news and the bid is now .0045. I did buy more nonethless and even got a fill below .005 as I think and hope that this is just a little shake before they open up the gates and we rise.
What's up with this action. Tempted to take some more at .005 but with all that news hitting in a few weeks, why the selloff and bid at .0045?
Penny Ta,
Curious if you have looked into SIVC yet. Expecting them to complete their filing by end of this month, complete an RM and apply for uplisting to OTC.
Rain,
What is this guy's deal? He's apparently long but is "laughing" at other longs who are apparently being
duped?
Cotton,
Why havn't you sold your shares and moved on? Seriously, are you just in it now to say "I told you so" or are you actually trying to make money? I just don't understand those who stick around and analyze a stock they think is being manipulated and is doomed to fail. Seems like a waste of time. Have you been sent from the heavens to save us all?
Might have missed it earlier, but what is the CMF 20?
Curious as to why that .0065 option on the ask dropped to .006. Didn't see it pop up all day. Thoughts?
Suprised I got filled at .0055...but I'll take it. Kind of odd action considering positive news is imminent. Would be more concerned if volume was higher.
Another move to .005 this morning. Only on 2+ million shares nonetheless. Took more at .0055. Are you buying more here on this dip?
That would be amazing if it made a run like that. Agree on the consolidation going on. I find myself looking at the chart and just thinking that it is coiled like a spring and will easily hit that .01 mark when the gates are opened. The beauty of the Pinks is that they can have moves like that despite what is happening in the overall market...which is ugly with a capital U!
Light volume again today. Picked up 100K more. Suprised I got filled at .006. Shows up as a downtick in my Level II but was a purchase. Getting impatient here nonetheless. Can we get on with it already?
Where do get that data on buys and sells again? My level 2 only gives me the number of shares and whether it was on an uptick or a downtick. Thx.
Rain,
Try your best to put on the hat of someone who was actually selling today. So puzzling to me that I had to pose the question. Pulled up the days trading log and saw a number of sizeable, relatively speaking of course, trades at .006. Only a few small trades made the price jump to .0065 including an add I made myself earlier in the day. Yes, I know there is a buyer for every seller, etc., but wer'e supposedly looking at the same brewing bullish data to come and some are doubting it. Don't get it.
Yes, that would be a concern also. Agree with the remedy nonetheless. Forgot to ask you about the inside ownership here. Any restrictions on JB selling any of his holdings? Havn't seen anything about him selling anything as of late. One of the other things that concerns me with the pennies, and even those that trade on larger exchanges, is MM manipulation. We saw it here last week. I saw alot of it on my, fortunately, profitable ride up on GSPG.OB. Managed to get in at .02 and dump most in the high .05's but MM's on the way down love to work that bid lower and I found it much more difficult to get out than get in on that one.
Rain,
All aboard here as I have posted before, but can't help, in the face of what looks to be a coming wave of profits I will realize, think of the negative and why it will not "work out". Have backtracked through a number of your posts and don't see any real doubts as to this at least reaching .01 at a minimum and more than likely much higher. Do you truly have any notable doubts? Delays in the deals getting done perhaps and that there app to re-list is denied? Seeing something in the coming financials that was not expected? Thanks.
Rain,
Thought I recall reading in a prior post that were you were going to or had already talked about the number of shares you were holding in SIVC. Just curious as I'm up to 2.45 mil as of yesterday. Trying to get them all in before what I believe is a move towards .01 and higher in the near future. As you know, the catalysts are soon to arrive. Thx.
Rain,
Have started buying into SIVC recently and wondering your thoughts on a near term price objective...near term being end of September after filings completed and application submitted for move to OTC. Throw in the close of 1 acquistion for good measure. Trying to sell a buddy on it and have tried to steer him away from that short term thinking but what the heck. Can you see it at .01 by then?
LOL! Nice one. Agree with that as it is annoyingly displayed daily on the Yahoo board. After further due diligence in the last hour, have run through the 13D
and 13G filings and have noted selling rather than buying
by the 5%+ crowd. Doesn't bolster the confidence. Doesn't mean more investors are not jumping on board as 100 mil shares wouldn't qualify for the filing. Just perplexed as
to who is taking the shares that the convertible guys may
be dumping. There are many fools, but with that level of buying, hard to believe everyone is being duped. Also, no insiders have filed Form 4's despite there ability to start dumping and claiming $$millions to retire on. Why is that if the charade may be coming to end?
Do you have another logical reason?
Rain,
In regards to GSPG, you note how suprised you are that the stock keeps going up and talk about the convertibles. How do you suppose they are bilking people to grabbing up millions of shares as evidenced with the huge volume we have seen on a few particular days in the last 3 months. Seems to me that if this is a quasi pump and dump they are going about it the hard way. Why not put out more PR's with pump type language or do the reverse split? They did not have to do the 43-101 and could have run this up anyway. Why subject themselves to securities fraud if it isn't necessary? Who expects an exploration company to produce revenue? This isn't what they are trying to do so no dissapointment necessary. It's all about finding as much gold as possible first with the resources they have and then mining it. Once they pull it out, the amount of cash flow they can generate will make the financing issue, a non-issue. It's like a parent subsizing their kids until they get a job. If the kids are in Med school and not working, who would expect them to be able to pay for a mortgage.
Zenaissanceman,
Low .02's? Where do you see that if I may ask? Company would have to put out negative info and/or an anomaly in the market place would have to take place, such as a rapid decline in the price of gold, etc. Coming 43-101 will continue to keep a bid under this and should not even reach .025 IMO. Hard to believe that the report will value their reserves at something less than what we already know about just the gold which is $350 mil.