Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I suspect there are some on this board who fear that was the goal of the individual who sold
An excellent point. If it gaps, it'll be interesting to see by how much, and for how long it holds new, higher, levels. Then, the question will be how much it dips after the inevitable sell off when it creeps up to .015 and (hopefully) beyond.
Told my wife today that when a sub-penny holds over a cent, a lot of good things can begin to happen. Let's hope that's true for MCET!
Multicell Tech (MCET) up over 200%!!!
In case anyone missed this nugget last week, a tidbit of solid news out of Delaware: https://technical.ly/delaware/2021/02/11/science-accelerator-innovation-space/
Apologies if it's reposting old news. Just was trolling and looking for facts/DD on why MCET is finally making demonstrable growth and subsequent market value (and thus pps).
I'm happy for the (long-suffering) longs here. You folks have really logged some miles with this company, and you all deserve a lot of reward for your patience and dedication!
You should be nervous. We all should This week has been disgraceful. The week's failures on the part of RELI speak to: 1) gross incompetence; 2) unacceptable negligence; or 3) thinly veiled greed run wild. None of these options speaks well for any of us.
As I'm (in general) an optimist, I'll go with the view you describe and hope for the best. Not sure I see a stock that's now at 6/share going to 35-40 anytime soon, but since I took such a loss this week on it, I don't have much of a choice but to hold and hope. Sure as shit not going to buy in and attempt to avg. it. Fool me once...
Thanks for cracking an opening in my head to at least consider not being completely pissed about it. Besides, I didn't put too much into this one. You know the adage, about never investing what one can't afford to lose....
What I can't figure out is how it benefits anyone to shit on investors. My position dropped by 75% following the split. What possible good does it do investors to deflate value the way they have. Like anyone else, I know that investment comes with risk, but I'm pretty pissed off to be left with a fraction of my original shares priced at a point FAR below the value of my position at the close of trading Monday.
And tell me again, why was uplisting such a great idea??? From what I can tell, a lot of people have taken a bath on this one. I'm in it as well, though for a lot less than many. Still feels like a punch in the gut to see my value following the split and reset on pps.
LOL..another day in flippers' paradise. Won't say sorry to any losers or congrats to any winners yet. Just crossing my fingers that the dust settles for all of us well on this one...especially to the longs!
Over 100K volume today, but etrade won't let me sell
What a mess. No clarity on pps or ability to trade. Uplisting sucks.
$5.50 ask on etrade 5 mins ahead of opening bell
This week should prove interesting.
I'm no expert, but it always seems to me that when the dilution IS the news, that's a bad thing. On the other hand, when the dilution PRECEDES news, that's a good thing. Problem with the pennies is that these things are hard to predict.
Conclusion - leave it to the experts. ;)
Bailed out with a small profit at .58 Will look at reloading when it's under .30
Doctor...we have a pulse..........
So how does one get rid of shitty stocks like this? I'm sitting on a few hundred thousand and would love to offload them at a loss and claim that on my tax returns if possible. Any advice to a relative amateur on how to clean up my portfolio? (I know...start by avoiding pinks...consider that lesson on already learned...)
As dumb as it feels, I just can't give up on this stock. It's one of the only dead pinks I own that I actually think may end up with life again.
It's articles like this one that keep me from dumping my position with this stock. Shame that OCAT wasn't mentioned, as they've been on the ground floor level of this type of research and procedure for years, but it gives me hope that company will reap good rewards for its efforts over the long term. Hoping that the investors who helped this company don't get left behind in the process.
http://www.independent.co.uk/news/science/british-doctors-hail-cure-for-blindness-with-successful-treatment-of-age-related-muscular-a6671106.html
Losing faith here. PPS dropping and now Regen seems like little more than a pile of shares without any PPS. With nothing concrete in place as to when Regen will be priced or introduced into a market where it can be traded, it's more and more like a phantom gesture by a sub-penny company that lives off the skim-off from other stem cell companies. I liked the idea of BMSN, and the dividend offer sounded great. The actual fact that shares showed up in my etrade acct was pretty encouraging. Now, I'm just starting to wonder if it isn't just another penny stock using a new method to PnD. That run to .009 was pretty sweet, and I'm guessing a number of BMSN insiders understood that was a good point at which to take profits while the rest of us waited. During that waiting period, many people on this board "loaded up" bought "cheapies" and spoke of great things to come. Once shares showed up in our accounts, it appeared that all was unfolding according to plans. Well, since then BMSN has only lingered and dropped to the low 4s, and Regen just sits there without any value at all. I'm continuing to hold, since my position is pretty modest. However, I do hope that those who went big on their investment end up being rewarded for the risk they've taken. I've seen some pretty good fronts in the land of penny and sub-penny stocks. It'd be a shame if these Phds at BMSN were using their smarts to swindle us instead of make us all richer. I know, I'm impatient and need to wait.... Problem is, those are tough words to trust when dealing with compaines of this nature. "Longs", in this world, are often burned and end up with another name...bagholders.
So it really looks like ITNS is becoming an MJ play? if this is for real, and not just an attempt to get a few upticks through floating a few PRs that indicate a leaning toward the MJ sector, and if the move is actual and turns out to be the direction the company goes, then we are in for an incredible ride. The potential is enormous, and the move would place ITNS in a seriously impressive position as the MJ sector begins to blossom. Would love to hear thoughts on just how serious this MJ move by ITNS is and where you think things are going.
You make a really good point. I've made a good deal of profits playing MJ stocks this year, and this is a golden opportunity for any company in that sector looking for a great shell with the perfect name. Under new ownership and with a few PRs, a play like this could be profitable on name speculation only! ;)
Like some other sub-penny plays, this one just didn't pan out. However, there's always potential for a shell to be picked up, so who knows. I had another "green" stock that had tanked and showed NO signs of life until last Friday, when it randomly spiked just enough for my preexisting sell order to be processed, and I was able to get out from under a bad position with only a 10% loss on the entire deal. I felt lucky to be able to salvage and reinvest elsewhere. You never know when something like that will happen to a stock like this.
Long and......................
Just cancelled my sell order at .0275. I bought in pretty low, at .0019, so this run has made me pretty psyched. The way things have developed in the last month, though, I'm holding for the long haul. So many good things afoot that this one looks like a winner in many respects. Good luck, all.
It's currently 3x what it was priced at a week ago, and it sat at .0019-.0021 for an extended period. I think the fact that it has held at the .006-.007 level for the week and did not drop back down is pretty interesting. I also like the trend in biotech over the last 2-3 years, with a healthy number of IPOs, many of which have launched with great success.
I also think the fact that the is not a split and instead a dividend issuance makes BSMN look less like a PnD scam.
That said, it's a sub-penny. Life down here gets pretty dark. I'm guessing we all have our fun stories of stocks that have cost us hard after looking great, even after solid DD.
Good luck, everyone. I'm holding my small position and waiting to see what tomorrow looks like. I hope we all get rich (or just that we all win a little bit) with this one.
Sweet - .0031 made me back my initial investment...sitting on "free shares" now and just waiting for the pullback to .0017-.0019
I hope the run continues and makes money for everyone. Some of us have been waiting for this little spike. Love seeing such signs of life from ITNS.
Now, if someone would simply pick up the phone at the ITNS offices in SoCal, then we could confirm that this little puppy is actually a functioning company that indeed IS working on an actual product. ;)
Nice to see the longs on this one finally get a break. ;)
Signed, a longtime (but laughing) bag holder....
Up 10% today...new website coming...maybe something finally ready to make this one show some signs of life?
She just won't die, will she? Uram, you bastard, why do you torture us this way???
Just having some fun - RNWF...heh heh...those who have owned this stock for any length of time can have a good laugh over these times where a pulse is detected. I think we're all waiting for the time where one of the rumors is actually true. I think my favorite was the rumor about the buyout at .12 cents/share that was floated in the fall of 2010. Hilarious. (http://www.hotstocked.com/article/3359/renewal-fuels-inc-pink-rnwf-surrounded-by.html).
Anyway, go RNWF! I have my standard sell order waiting for that magic day where it spikes to .02 for an hour and then vanishes again into the abyss of the sub-pennies. Ahhh, to dream......
That all went down just about one year ago exactly - proving that even BS has a birthday.
Something is up with TNIX - it's up over 70% today. Anyone with any thoughts? Can't find any news, or a PR or anything out there. Yet, buys are coming in at PPS levels that indicate there may be news to report.
Good point, and clearly a long term concern for IO. Added to that is the fact that GDP suggests continued economic sluggishness, and the fact that many of the financials and energy-based stocks have not responded very favorably to the debt ceiling news.
Anyway, at 6.75ish a share, it's hard to believe that it will go much lower. Down over 50% from the 52 week high is pretty much where I wanted it to be. The fact that the 52 week low was around 3.35/share, the question arises as to how low we want to see it go before picking up shares. Even today, as many stocks rebounded following the morning swoon, IO fell further, off almost 30% on the day.
Tomorrow's opening will be interesting.
Indeed, the numbers for Q2 (and the first half of the year) are in. So what am I missing? I expected a summer swoon with the stock - past cycles have taken it lower around this time of year. However, at first glance, I think the numbers for the first half look strong. The company continues to grow and diversify, reports profits, and seems to be recovering from the oil spill in the Gulf. Even the settling down of some of the conflicts in the Middle East has caused me to think more positively about ION's position.
So what do you think gives? PPS is way down today, approaching levels of what I thought would be a "bottom" a few months back. I was thinking/hoping we'd see a dip into the upper 6's, as that looked to be a good range for me to buy back in with more shares after selling off my last lot in the lower to mid 13 dollar range. Still, what do you see as the big factor driving the stock down? I'm getting close to dropping a little more cash on it, but I feel like there may be something I'm not seeing.
No doubt about it, though, the trigger finger on the 'buy' button is definitely getting itchy...
.01??? What are you guys smoking? Send me some - for I'd love to live in the fantasy land where this things reaches .001, let alone a penny.
Par value means squat with this stock. You may as well say that par value is a dollar a share.
Let's be real. This is a company in name only and appears to have no actual functioning business that is in operation. they have no product, and if anyone can find me a paid employee for RNWF, that would be great.
So, where does that leave shareholders? Simple - it leaves you in a position to be ready to dump your shares the minute PPS reaches a level where you can make any kind of profit. Pre-set your sale orders early, so that you can dump when the biannual run, occurs. This may be about to happen soon, as this stock has many times in the past been a good PnD for those who play it correctly.
Sorry to be the (negative) voice of reason here. I've had shares of RNWF for over two years now, and making money on it is not easy. It's do-able, but tough. GLTA.
Looks like much of the future in the world of this play will center around legislation like HR 1380, which is currently in its last committee phase in the House and will next move to the first round of voting. When such a vote will occur, or what the likely outcome will be, is a mystery. However, there could well be a bit of speculative play with this stock in the next two weeks or so. If HR 1380 passes, then pretty much every nat. gas company will enjoy at least a bump in PPS for at least a short while. This one looks like a real possible winner as things move ahead.
hey, if the pick is good enough for T Boone Pickens to make it a part of his portfolio, I'm willing to make it at least a small portion of mine.
GLTA!
Looks like the "bottom" may have been in the low 8's. I initially had thought that would be as low as it would go, but then it looked like the Q2 numbers were going to drive it further south (at one point I looked at 6.50/6.75 as a target at which point to buy).
However, this week's trading looks strong, with steady increases by the day. Heading into the weekend, it appears ready to crack the 10's again, which could trigger more buying still.
So, for those who sold in the 12-13 range, there's still time to buy back and expand one's position. For those getting in, there could well still be 30% or more to earn on this one in the next year.
I've had success in the past with this one, but I'm currently a bit on the fence with it. Inventories of finished products at the close of Q2 seemed to be high, but these guys seem to know well how to turn seemingly bad situations around, and they don't leave the investor behind as they do it. In the long run, I think this is definitely a keeper - it's just a question whether you can build a position over time by picking up shares on the dips. Should ION get back to the 8's again, I'll definitely be doing just that.
Good luck, guys - have a great long weekend!
Great research, and thanks for the post. Been with IO for some time, and very much like the stock. Sold off part of my position at 13.50/share and am watching for a new buy-in point. I at first projected that the 8 range would be nice.
After reading the Motley piece, I'm starting to think 5-6/share may be a better time to resume putting money into the position. (my current avg is at 1.50/share)
It's also looking a bit more like a stock to possibly short. If the next few months play out the way Mr. Jayson suggests, there could be good money to make off of IO both on the way down and the way up.
Good luck. And again, thanks for the informative post. Turnkey, your thoughts?
Dude, what are you smokin'? .03? The stock hasn't hit that level in years, and the run is piddling out (like every other run with this stock...)
The patent is huge, don't get me wrong, but we've experienced what we will in the way of a spike. It went up more than 300%, and now it's settling down in the penny range. That could make good sense, if you think about it.
Yep, the patent is enormous. And, for longs with faith, it's a sign that their faith will in the end be rewarded. I cannot say that the same is true for many penny stocks. Most are not built for "long" positions. I feel that MCET is different.
See, the patent doesn't guarantee what we really need in order to see the next leg upward in terms of PPS - either successful clinical trials or a clear revenue stream that does not involve dilution of the stock.
For MCET to progress, I feel that one of these two things must become a reality. A buyout would also be nice, but I think we've all had stocks with rumored "buyout potential" that have not panned out. In just about every case, the buyout rumor proves to be just that, a rumor. Don't be fooled by folks who get on the boards and speak of how great a buyout WOULD be - of course it would, but unless the company itself speaks of it, no one should think it will happen.
The patent dictates we should have faith in the long term plan for the company, but until they start making money, announcing contracts that have been signed, and reporting profitable quarter earnings, I believe the stock will remain in the 1-2 cent range. Once positive cash flow has been established, then I think we'll see the PPS gain traction and start to move upward toward a nickel. Realistically, this could be in 2 years.
I've owned MCET a long time and have been up and down in terms of what faith I have in it. This week, I feel pretty good about the position. However, I still wouldn't be surprised to see it drop back down to the .009s before all is said and done. By Monday, I think it will hold somewhere near where it is today (.011-.015).
Of course, like us all, I offer my opinion, and I offer it humbly. I hope I'm way wrong and that this thing runs to a quarter by the end of the month! Best of luck, folks.
I've long felt this one to be grossly undervalued, a company that appears to be in a great position to return at some point to levels it enjoyed on 06-07. At that time, the stock was worth between 5-7 dollars per share. Of course, that's a lot of wishful thinking on my part, but what real reasons are there for why the stock can't rebound to be worth say, just HALF of its PPS from a few years back?