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Wow! I found this on a stock scanner while looking for high volume options to trade. It is rare to find a “penny” stock that trades options and almost unheard of that it has weekly options! And those options are very liquid with reasonable spreads. I bought 40 of the May $2 options for 26 cents each last Thursday and sold 20 of them on Friday for 37 cents each. I now have a total risk of $300 and if this does a moon shot between now and May 15th, I will be in tall cotton. If it was to trade at $5, my $300 would turn into $6000. Nice. Not saying it will or that I know anything but seeing all the institutional ownership of this thing by prominent names, gives me reason to believe this could make an impressive move.
LOL, I'm trying to find the elevator but it's kind of dark down here.
Has there been any realistic speculation here about what a R/M might/should do to the PPS? Sorry but I just fell down this mine-shaft yesterday and I'd like to see if there is a way out without going through and reading through thousands of posts.
I think the SEC views all pennystocks as a casino based buyer beware situation. Everyone is warned not to use money they cannot afford to lose and most of us get the royal shaft on these. Ya gotta pay to play. I don't think the SEC cares. That said, I bought at .0068 yesterday and felt like the sharpest trader in the world until I noticed that we were scheduled for slaughter. I am not selling at this point because it sounds like there is a chance something good could come of this and I'm so far under water that I'd rather ride it down to nothing than sell now.
Haha, I didn't lose a penny! I bought 250,000 at .0068 and I still have them!!! There a little tarnished (okay they're VERY tarnished) but we'll be back on track in no time and ready to go TO DA MOON!!!
Lets' just start a new rumor. Here ya go:
"New buyout offer is $6.00 per share. Yay!!!!!"
Yeah, right. I've been duped again so it would seem :o(
Correct. PR was fake.
I think we also know there are 300,000,000 shares left to sell to max out the AS. Is there any doubt these jerks will sell them now?
The stock of the year just turned into the disappointment of the year. It didn't need to be this way. A-holes.
&^&%$$^&*&^% Are we allowed to use the "F" word here. I got duped big time. I thought this was the needle in the haystack. I forgot to ask myself why the needle was brown, looked like a Tootsie Roll and smelled like dogsh*t.
Thanks TEMN and bye-bye.
To be honest, I don't know how it hasn't gone bidless already. I cannot believe we have not even heard about a lease being signed for their first store yet. He says they'll be what, 10 to 20 stores this year. Fat chance. I've seen some big disappointments in these pennies over the years but this one may take the cake.
Agree. I see we finally ran out of 2s for sale. Now priced at .0001 x .0002. We should be hearing about a reverse split any minute now. This is a bummer.
It's the first of the month. Time to dump a bunch of shares again.
Hey Kenny, pffffffftttt. How's that first store coming along? How's my money doing? You kinda suck, dude.
1 @ 25, 1 @ 27, 1 @ 31, 1 @ 35, 4 @ 40
We could use a dab of rocket fuel here. That's all it will take.
What we've been hearing is there would be a string of PRs that would start right after the release of the 8K which we got yesterday at about this time. Not sure, but I wonder if this will be the pattern here and we'll see PRs just before the close. We'll see.
100% correct. There are not that many shares to begin with (116 million tradable) and most of those are being held for a higher move.
Wild and crazy L2! Sign of a very thin float and lots of us holding for MUCH higher prices soon.
BID
MPID Bid Price Size Date/Time
ETMM 0.0028 5000 14:44
NITE 0.0025 5000 14:33
PERT 0.0022 5000 14:04
AUTO 0.0022 5000 14:31
LAFC 0.002 5000 11:35
HDSN 0.0017 5000 01/25
DOMS 0.0004 5000 12/30
VFIN 0.0002 5000 12/20
VERT 0.0001 5000 09/01
MAXM U 05/04
ASK
MPID Ask Price Size Date/Time
NITE 0.003 5000 14:23
AUTO 0.003 5000 14:31
PERT 0.003 5000 14:39
LAFC 0.0031 5000 14:38
ETMM 0.0035 5000 11:15
DOMS 0.004 5000 01/18
MAXM 0.004 5000 01/25
HDSN 0.004 5000 09:30
VFIN 0.01 5000 10/11
VERT 0.51 2500 11/12
I think the low float of 116 million has them worried if they've sold some that they can't cover yet. When this starts moving again, they will scramble to cover and just be pouring gas on the fire. I can't wait!
.01 is a good start but I'm expecting much better in the next month or so. It all depends on the PRs we've been hearing about.
Squirrelly pricing today. Down to 22 x 25, then back to 25 x 30. I think we have some very nervous MMs cuz they know what's about to happen here.
Mornin' all. Ask side looks thin and sweet!
ASK
MPID Ask Price Size Date/Time
AUTO 0.003 5000 10:46
NITE 0.0033 5000 10:44
LAFC 0.0034 5000 10:46
PERT 0.0035 5000 01/26
ETMM 0.0035 5000 10:41
DOMS 0.004 5000 01/18
MAXM 0.004 5000 01/25
HDSN 0.004 5000 09:30
VFIN 0.01 5000 10/11
VERT 0.51 2500 11/12
Dang it. Where'd you go. I wanted to find out how all those squiggly lines could get me some more 13s. I could use them now.
Was that your trade of 500 shares that I saw going through? Nice job.
Revenue of $70 million. Does that equate to 27 cents per share with the current OS?
I agree. We are just taking a breather after gaining nearly 100% yesterday. Two days ago we were working hard to make and maintain .0015 and we were thrilled to close the day at that price. I don't care for flippers and I think if most of them opened their books to us, it would be laughable but they are a fact of life in trading and they cause what we are seeing today. As soon as they learn how to trade, they are replaced by more flippers who need to learn the process and damage these stocks and themselves while they try to figure it out.
OK, here's the plan. I have to leave for the first 2 hours of trading this morning. When I come back, I want to see us in the upper 30s to low 40s and I'm not talking about the temperature.
Ok with you guys?
Keep in mind the entire float here is 116 million. We traded 16 million more than that today so you can bet there was plenty of flipping. For those of you who flipped, I hope you end up chasing and regretting. You are holding all of us back with your greed.
Haha, you'll be fine with this one. I bought all of mine at .0013 and thought I might jump out of a window as I watched it trade down to .0008. I'm not feeling too bad right now!
Yes but no one will even care when we are trading above 1 cent here soon. Yesterday at this time we were gloating about the HOD which was .0015. That seems like ancient history now, doesn't it?
Oh sleepless night. Pass me the Alka-Seltzer...
1 x 27, 1 x 28, 1 x 32, 1 x .004
Best jump on before the bell for a gapper tomorrow.
Are you saying this is the target of a buyout? If so, do you have any idea what price?
Still back at # 28 on the "Most Read" board. We are just getting started here.
1 cent by end of week?
UT on E*Trade
Morning all. Looking for a great day here today.
.002 a real possiblility today on our way to 1 cent soon.
2 @ 15, 2 @ 16, 1 @ 19, 2 @ .004
This is lined up to go vertical with a little bit of buying. A nice PR will send it.
It's funny, we are still practically unknown.
But not for long!! The tiniest volume is able to push this up a notch. Just wait till the volume really shows up. This is going to be a blast!
Now batting for Team Nation: Kaboomage
Swinging for the fence...
Yes, awesome setup here. Only 116 M available to trade and I have over 1 miilion that will be held to at least 1 cent.
I don't completely agree or disagree with what you are saying. On the one hand, the whole purpose of going public with a business is to raise money to run it. Otherwise there'd be no point and it would make sense to keep it private and not share the profits.
In the case of Speechswitch, they've overdone it. It could be that there were too many shares to begin with, or Kenny is selling shares and lying about it, or some debtholder is selling shares. It doesn't even matter where these shares are coming from. The issue to me is that the OS is now so bloated that it is nearly impossible to move from here.
The number of shares that have been sold at .0002 over the past 3 months is staggering. Whoever bought those shares will be looking to sell them for .0003 for a 50% gain or .0004 for a 100% gain and getting this PPS above that level is not likely.
Ken could come up with a cure for cancer and the glee from such a report would be met with selling of incredible proportions that cannot allow this to rally much if at all.
I don't think there is any choice but to announce a reverse split out of the blue some morning soon. If that happens, Katybar the door, the run to the exit will be fast and furious.
Agreed. Not sure where this one is going but it looks very similar to one I was in two years ago that went from this level to 5.3 cents in about 3 weeks of trading. We'll need some nice news to get that kind of push but I am hearing we just might get that. Share structure is perfect for that sort of move. I am hopeful.
Agreed. I noticed there are still 537,446,957 shares left to sell to max out the AS as of 12/31/10. If he can get .0002 for them, he can drum up another $107,489.40 less commissions to use to "grow" our business. I wonder if/when he will do that.
Color me discouraged. Does it show?