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yeah should gap up tommorow way it is trading...
love to see some news... but then this is due for a technical bounce anyways...
I doubt many got any shares at .0008 so the bounce was really from .0009
i was selling from .0012 to .0013 from the stock I bought at .0012 to .0009
but pulled my .0013 sells last minute
so got 3 million shares and a chance to to see where this goes
I traded the shiet... out of a stock that ran from .0016 to .007
then traded the shiet out of the stock as it has been dumped back down to .0011 where it is at right now... trading it 2 times today alone...
the selling on IARO compared to this other stock is a joke
in 14 trading days that stock has had 5.5 billion shares dumped on it... yet it has bounced many times even after hitting a trading low for the day
the only difference between that stock and IARO is I held hoping for a more money, while the other one I flipped out quick
lets be honest, IARO has bounced many times
so for those of us who are currently, caught on this one...
only 2 things could have happend...
1) we did not buy enough underneath, when the stock traded down and went against us... in order to sell into the bounces and make a profit
or
2) we held on too long looking for a higher price, either out of greed or holding for long term
also,
I wouldnt call... because I wouldnt want listen to a bunch of cr@p, from someone(s) I wouldnt trust to tell me the truth anyways
me nope...
even if its a scam they will know they can make money off of a few more runs, from a few more news releases
in any event most companies
even with a honest, best intentioned news release announcing earnings, funding, contracts, joint ventures, etc etc
will never see income anyways
because most stocks on the OTCBB, will have lots of shares outstanding, have loads of debt, high operating expenses,
thus making it so they never make any money
in the OTCBB....its all about the story
damn, I missed this one...
when did it come out trading...
and did it really hit .05?
why isnt it on pinks? already
thanks much I board marked it
good grief.... I was in that ocnf play... from 1.5 to 1.8 ranges...
thank god I sold and didnt hold on longterm
its .99 right now
looks like one should short the plays these guys get into
who is YA... and I like I said I dont hold stock... because they take it off my hands rather quick for a stock that has heavy bidding and selling on both sides
most likely its 1 of these 3 things...
1) its a scam
2) they are too embarrassed to answer the phone
or
3) they don't want to talk to some small time schmuck like me who has 100000 or 200000 shares
I dont have any shares... anymore...
but will sell you some when I do
seriously listening to all you guys... makes me wonder if im the only schmuck making money trading this one...
and once these penny pinching losers are done converting their shares atleast the Company will be a little less debt ridden
meaning
longer time being listed for trading
and thats usually all a stock needs
....time to bounce back...
at this point... the best thing we can hope for is this to go down and go down big... maybe then we will get a better bounce
I had 2 chances to get out of this... and a semi 3rd time on the last run...
if I had traded this, like i was trading it... and traded it out... each time we had a bounce...instead of holding half, and hoping for a homerun.
I would still be nibbling back at this range... hoping for a swing down...
and waiting for the next run
this thing is far from dead... even if it is a scam... we will have till at least February 2010 when they have to file the Audited Financials
right now were still waiting for the 3rd Q
well you can look at the financials like the 10Q
they will have notes to the financials and the convertable debentures there...
ive read them
but if I were u, I wouldnt waste my time... most OTCBB companies have their convertable debenture being converted into shares...
even if you track down the exact amount of shares... if the company turns out to be a scam. ie. issues false news releases, then no reason for it not to issue more shares than allowed or change the restricted trading dates etc etc etc
in my experience when a stock is getting sold down like this, and its, only because of debt conversion...then usually its a very good sign especially if you can get in on its low
question is how low these guys willing to go...
I think today the MM's are too busy shining each others....#&$^#@
no selling right now...'
but i think most people are content to sit on the bid
on this one for the time being...
and who can blame them
im glad ive been flipping this stock, I was in a buy and hold mode the last few weeks... and its been bad for me in other stocks instead of making a small but quick profits, im stuck holding a few stocks who are getting pounded like this one..
im in right now for 2 million shares at .0012 selling .0013
sweet they just filled me as I was typing...
just missed getting back in on this one... yesteraday by 1 penny
well i basically dumped out at .8 on the day it gap down
came back in at .51
next time im gonna just take a $300 dollar profit...
it dosent matter now....the lower it goes on this retracement the better... just wish who ever is selling would just dump out already...
would have like to have seen it hold above .03
but now its either sell out or buy more...
I have been trying to hold onto stocks lately, instead of doing what I have been doing in the past and fliping out the stocks for quick profits.... holding onto part of my shares...for a bigger return has been turning out bad for me...
wishing I had sold it all out now on that last run... would have felt alot better loading up again down here...
nice crappy ass run....
I just got 50000 shares at .01
who were the idiots buying this at .03 and above this morning
well atleast some one with cash thinks .027 is a good price... seen 2 trades of 400000 plus shares go through at this price
im buying right now too..
.027
now im getting worried
well just a bit for now
since you asked...
for starters with the trading I have done so far...im basically in at around this .035 range as u put
secondly stock has run everytime they have put out news, since I have been in it...
thirdly if you were one of the guys buying at .08 to .10 range... then id be questioning why you would be buying a stock up atleast 200% from where it made its initial run.
and if you were playing this stock before it made its run, then you would have known the MM's have their hands on this one, making it even worse
here is my advice take it or leave it...
in any case, you probably need to retool your trading strategy.
I could have sold out at .05 on this last run (with a small profit)... but I decided to put only 1/3 of my stock up for sale hoping for $5000 instead of $500... if I end up losing on this... I have myself to blame
no matter what price you bought at.. you should have had enough money... too buy underneath at the .03 to .04 range it was trading at, and sell it on the last run to .05 and made a profit...
if not u probably should have stopped yourself out, or never bought that high in the first place...
wating for the stock to bottom first
if you are a longterm investor in this...then you shouldnt really care about the day to day price movements...
yeah ive been watching
really dosent matter at this point if the stock was going to make a run at .05 again it would have yesterday after bouncing off .036
at this point as long as the stock holds on above .03 then im not worried...
bottom line is even if the news is legit...
its going to take time to get things going...
add that to the fact you got shareholders, of the company, in previous operations that we will have to churn through
this has been a great trader... just flipped it from .0014 to .0015
just waiting till it runs
well this stock seems to be manipulated more than your average stock
one way you can tell is put a order ahead of the bid or ask and it probably wont show up on the market depth
or try to buy when the stock is at the absolute low of a big pull back or sell at the very top of a weak run up
its good and bad... in most cases it means higher highs on run ups but lower lows on a pullback
you lucky basturd...
my internet was down at the time it ran...
if I had seen the run...i probably would have unloaded all my stock...too... hard to say I probably would have kept 30% just incase
even thought I figured the .05 was going to be a weak resistance to get through
I figured the sellers would come out of the woodwork
add that to the fact that a nice round number like .05
is always a natural resistance point.
now the question becomes on the next run... does one sell at .05 hope the stock comes back again... or hold for a higher run...
I guess it depends on the news,
and where the stock holds at... if it can stay above .04
then .05 would be a easy resistance to break with any news.... and support once its broken...
but lets keep in mind...were trading this like daytraders... if the news is not bull, and the insiders dont gut the stock with salaries, R/S or Debt
then were talking pennies here compared
dollars we could be making.. I think everytime I flip out im gonna hold some stock... with made money... just to see where it goes
atleast were around the .042 range you got in at...
it came back and tested the .036 range and bounced from that...
it looks like for now .03's is the bottom we should get a few more folks coming in now. who play off of break outs or bottom feeders
lol...
yeah well you could kinda tell this was going to happen...
2 news releases on contracts and the stock went down before... I figure they gonna have to keep feeding us news releases, or annnounce shipments, or file financials
for this to get back to .10
but it has made a good run... I sold off about 100000 shares at .05...
still holding 100000 and just bought another 20000 down here .037 .038...
you are welcome
btw
id click on all the related items... as well on your stocks in the future... just to be safe...
one time i just clicked... "OTCBB Daily List"
but not
"OTCBB, Other-OTC and Portal Daily List"
where a stock I was trading had its announcment
RELATED ITEMS
"OTCBB Daily List"
"Other-OTC / Portal / PPS Daily List"
"OTCBB, Other-OTC and Portal Daily List"
otcbb.com
just under and to the right of... the top left hand corner you will see a tab
"daily list"
click on that....
you will then see
October 26, 2009 1:57 PM View Download
click view
look for the section
"NAME/SYMBOL CHANGES"
you could manually type it in too under
"Search by Security"
OR
"Search by Date Range"
"Symbol/Name Changes"
instead of old penny dog... you should be old barkin dog
what hurts your eyes if I space my sentences.
ill make sure to scrunch it all together that should do wonders for those old eyes of yours grandpop.
what else can we hope for? if I do take a loss on this one, this will be only my 4th $1000 dollar + loss of the year. The other 3 being shorts in a bull market. where I got stopped out.You have been trading 30 plus years ive been doing this for 21 years. since i was 17 yet we both got caught in this one. Im not sure about you. when I tried to sell the stock I got at the .05 to .055 range. it was basically trading .004 points above my sell price for 20 minutes... and I still only got maybe 43% of that stock out.I always get uneasy when it comes to the winter months. maybe it is from back in the day when I traded the mining stocks.
agreed... id be right there with you...
I figure one advantage we have is if this is all bullshiet...
then they have just been doing this particular one for just 9 months
so i figure they will fire atleast 1 or 2 more new releases at us... or some financials..
no way they dont try and move this again from this bottom
3 weeks back there was a stock that ran on some bullshiet news we think... talking about cure for cancer and all...made a run up to $1.00 then nose dived got halted is now trading .07... I hope those losers get whats coming to them... (im guessing a litte too obvious)
feels like the market has been spooked since then... just one penny or sub penny stock that has continued a run up after the first days run since then...this ones talking about record revenues the first day... and then a deal with well reconized named companies the second day...so sounds to good to be true kinda thing..
not sure why anyone would try anything in todays climate... with them going after big named hedge fund managers and CEO's alike...
unfortunately with this situation is they dont have to announce the date of the split... to us that is...
they will just do it
go to otcbb.com
click on the daily list...
they have a section for R/S for the next day
there you will have a 1 day advance notice... not much but better than nothing...
dosent look good... testing the all time low again...
there is lots of buyers... but there are just more sellers
out there
this breaks below .70 and were probably looking at .50 to .60
range...
every trading nerve in me... said sell when this ran to 1.09
that was $400 profit for me... but I held thinking mid term...
wishing i just took the profits then... and came back in... if this were to go to .50
I think this .03 range is the bottom... its gonna take some bad news to move this one lower...
on the flip side we could see a technical bounce from here... but I figure were going to need news like contracts or financials to sustain it...
im still holding 50000 shares... i bought at the .034 to .036 range
thanks...
normally I dont hold stocks anyways...
especailly this one I know nothing about other than the fact ive traded this one before, and read the recent news...
are you planning to buy back in at .05?
well sounds too good to be true... so I sold half out when this hit 129% up for me...
gonna keep the other half to see where this goes...
Hi there,
I thought id join...