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If it has traded 20% of its float in one day and not really moved anywhere there is a good possibility that it is being heavily shorted. Going into the long weekend that is a good thing. The last time I was apart of something that resembled this it was V*TY and it was the SAME story. Traded a massive amount of the float on a Friday and didn't move much, and then the following Tuesday (the Monday was a holiday - president's day) it flew up 400% due to a short squeeze.
Good luck peeps.
What is keeping me hanging on is the accumulation. It's through the roof. Bullish.
There isn't really standard measure for this kind of thing. It can be 100% or it can be over 500%...depends on the news, etc. etc.
The accumulation is going through the roof on the chart. That is what comes before a big move.
Blaine Riley is the founder of International Monetary Resources, Inc., which was founded in 1997. I hunted down this corporation, and their status at the Nevada SOS has been revoked. You can look this up yourself, but here is a link:
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=if5ly521pvrqwGDu6IOTrQ%253d%253d&CorpName=INTERNATIONAL+MONETARY+RESOURCES%2c+INC.
Also, I've found his twitter page and it looks like this guy just tweets about stocks all day.
http://twitter.com/#!/IntlMonetary
Any feedback, anyone?
I am finding more and more who have this same situation going on with IM, and the wording is eerily the same as it is for APRM for the PR...
http://www.kold.com/story/13395462/agr-announces-retention-of-international-monetary-for-investor-relations-and-strategic-advisory-services?redirected=true
http://finance.yahoo.com/news/Universal-Bioenergy-Announces-pz-733660532.html?x=0&.v=1
All of these PRs say something to the effect of (almost verbatim)
"We are pleased to be associated with International Monetary. IM has a direct connection to the investment community, which will help us quickly move forward with our strategy for growth, accessing the capital markets, and mergers and acquisitions," said Solomon Ali, Senior V.P. of Universal.
This raises an eyebrow or two...
In short, two other companies also are using "IM" as a strategic advisory firm. They indicate that "IM" is a major player in these types of markets...and it almost seems like they are leading you to believe it is IMF...but it isn't.
Links:
http://www.freshnews.com/news/468979/global-security-agency-inc-today-announces-retention-international-monetary-its-investo
http://www.dedicatedhostingsearch.com/en/?p=2930
there may be more out there, but this seems sketchy to me.
Does anyone ever consider that the MMs game thing is somewhat conspiracy and most of the time stocks trade actually based on supply and demand? Just sayin...every board on this site screams MM manipulation on any stock play they're in. I'm not saying it doesn't happen, I'm just saying it is easy to use it as an excuse. Maybe the volume is just low and there aren't that many eyes on this now so it is trading strange...doesn't always have to be MMs.
Been sitting on the ask for a while now, not getting filled.
Congrats to whoever got 11s yesterday
You do realize that buying on the bid is not good for the upward mobility of the share price?
Well if you look at the difference in the share structure change they didn't dump all at once for the past 4 months. The change was gradual, and the outstanding share count slowly went up. If you read the annual report you saw that they said that they are in need of cash and that one of the most effective ways for them to raise capital is to sell shares. It doesn't seem like they are trying to make money of the selling of shares, but using it to have working capital.
The blocks that have been selling at these lower prices look like the "d" word...
Yeah, it isn't very often that you get a transparent company trading at these levels. We are fortunate to have gotten in when we did. There can't be much time left before the lid blow off this one. I have very high expectations for this one, and I don't say that very often. Especially not with regards to pennies...
Excited to be long and strong SPAH :)
Slow markets across the globe today...
For those of you who are more into playing charts rather than holding for the long term, the short term specs on this trade look great as well. The 10 day SMA just crossed over the 30 day EMA, and we've got a 200 MA of .0038. A positive upswing is on its way just based on technicals.
You should put in a limit order for 1 share @ .003. I'm sure it wouldn't go through at that price, but it would be humorous nonetheless.
I can almost guarantee that there aren't that many shares at that price...which is probably why you haven't gotten filled yet...that is a GOOD thing...let us know how long it takes for you to get filled (if at all...)
The disparity in volume is really interesting from yesterday to today.
This board and the breakout status doesn't determine the PPS, people here are relying on that too much. We will get volume. Using this board and the breakout status as a technical indicator is completely pointless. When the stock moves, that is when the breakout boards and this board comes alive, not the other way around.
This time last year it was trading around the .02-.03 area, and I believe the annual report is projected to be improved since last years report, and the share structure hasn't changed.
Big wave of buyers coming...I can feel it.
Did anyone see that SPAH has been blogged?
"SPAH while I did alert SPAH and it has already paid off handsomely for my readers and subscribers, I do think a run is in the cards down the road. Accumulating at current prices could be very profitable down he road."
http://pennystockgurus.blogspot.com/
NITE finally moved up the bid...this looks familiar to the last run it made. Low volume for most of the day and then an afternoon pop.
NITE has been keeping it down the past few weeks if you ask me.
VFIN is at .5045
I like where the MM VFIN is sitting right now. Haha.
It will come.
Going to blow...I re-set my sell...In it for the long haul. Transparent company, going places.
You know whats funny about that, is that I had a dream that I actually did sell it at .10 and it shot to .25...hahaha...maybe I should re-set my sell...
I have my sell order in at $.10
I don't think some people realize how huge this thing will be once it gets noticed. Just a little buying pressure is all it will take. Float locked.
INCREDIBLY thin. 3 @ .0015, and then .009
We don't need cheerleaders here, this company speaks for itself and will attract many many investors...hopefully well beyond the boundaries of I-Hub...
CHART LOOKS INCREDIBLE
We are in a perfect set-up right now. We are way oversold on the Williams % R 1-month chart (-75) and the 10 day SMA just crossed the 30 day EMA...things are going to heat up in a BIG way. These are technicals that add up to big things...just wait...especially with a 200 MA of .004...we EASILY will hit that price with just the way the chart is (regardless of news). So, imagine...with news...no limits.
I'm surprised the 15s are still hanging on. Some big block buys today.
This link will take you directly there:
http://thestockmarketwatch.com/newsletters/2011/03/04/spah-has-gains-written-all-over-this-security/
This could easily turn into a short squeeze scenario. Easily. I watched it happen with V*TY...it went over 2000% last Feb/March and had a very similar float/share structure at the time. Strikingly similar.
Or maybe you mean you aren't selling? Sorry...I was thinking you meant you weren't getting filled.
What do you have an order in at?