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Back when this stock had a somewhat respectable SP, which was from last year until the last few weeks, the ratio of people who praised this thing to the high heavens to those who bashed the stock ran to about 15/2. There were basically 2 constant naysayers who used their posts as warnings and a few who just said something stupid just to hear themselves talk. Then there were the 15 and sometimes more who literally guaranteed either present or future shareholders great returns on their investment. We all know who they are and were. No need to go there. They did not suggest success, they guarnateed success, complete with financial projections and the like. Now that a lot of those folks bought into the unsubstantiated hype and have now sold at a loss, you want to blame the people who warned that this was going to happen. The SP is where its at because that's where it deserves to be, courtesy of Dean Bradley and the way he did business. Some joker using an alias screenname like TippyToe didn't bring the SP of this budding conglomerate down to where it is today. Tippy is not smart enough to do that. Dean Bradley has taken you here and bears the responsibility. Now, like those before you, you guarantee future riches for those who "hang in there". But of course, if people continue to do just that and lose additional money, it will not be your fault, or Dean's fault, it will be someonelse's fault. I understand your disappointment with this thing, but believe it or not, nothing here is out of the ordinary. Welcome to the world of the PennyStock business and all that goes with it. And sorry to say, all as legal as can be. No scams, no shams, just the good old PennyStock business and operated by characters who know how to profit from it.
Maybe they just wanted to dump some shares on The Chief before the The Chief changed his mind.
Yes Morgan, that is the way it works in PennyStockLand, and in the PENNY STOCK BUSINESS, which QASP is part of. When this thing was down around .01 the question was "well, if this is not real, who is buying all those millions of shares?". The answer is, Dean's in-crowd who know in advance that a PR is coming out and a quick and tidy 15% to 20% can be made on their money. Those buyers are yesterday's and today's sellers. The PR accomplished what is was intended to do and now its time for the SP to drift down for the next cycle to begin. Those PR's also do just enough to keep the loyalist on the end of their seats, which Dean needs to happen, because if they start to bail and this thing goes too low, that will cause a severe problem with the buy and sell cycles. It really is fascinating to watch this happen time after time, and then reading the posts for the analysis of what has just happened, and what is going to happen in the near future, after one of Dean's cash gathering episodes. The more this happens, the more I see his smile on that picture get wider.
Popey, Dean does not lie to anyone. Dean puts out statements that are perfectly acceptable in the Penny Stock Business. His statements are followed by a safe harbor statement that basically states that what you have just read is not necessarily true nor what was just said is actually going to happen. People have a choice, believe it and buy, or don't believe it and brush it off as some sort of craziness. There are no lies or scams here, just a man taking advantage of the rules of the game. Unfortunately, it takes other people's money for him to be successful at it, and that is where it becomes a little sticky.
I don't think the stock buying public is confused at all. With a pps of .0127 its evident that these names that are put out there for promotional purposes by Dean, either through a PR or a "soon to be business" have not moved the pps. Everybody whose name is used in this thing has been paid handsomely for their services or has profited by their association with this. Trying to make an arguement that because they have, you, me, or anyone else will, is a bit of a reach. Names do not move share prices, positive or negative occurences do.
Very insightfull post Morgan, that is exactly what the educated traders are doing with this stock. But, it has nothing to do with panic, it's simply watching the past performance of the stock and using that as the cue. You have to time your buys around the PRs and the excessive pro-QASP posts. Buy on days like today or tomorrow, if it goes lower, wait for something that is construed as a positive to take place, let the posters build that up, wait for buyers who buy based on that, and when you are satisfied with your profit, sell. Then sit back and watch the same thing happen time after time. The really smart guys have been making money on this thing since last year, and that includes the company insiders and Dean's friends who are in the loop.
I hope you find a job soon and then the performance of this stock won't be so critical for you. Hopefully, somewhere along the line this thing will get to a point where you can make a few bucks, or at least get back what you put in and an additional few bucks. It's tough out there and I'm afraid it's going to be that way for awhile. Good luck to us all!!
That is 2 of us. Of all the words in that PR, the 2 that stood out to me were "our loan". It's obvious the words were put in there to give shareholders the impression that he was referring to the 350M loan, without really confirming that. You as a shareholder are supposed to assume that, along with reading posts on here that tell you that that is eaxactly what he meant. Do not discount the importance of those posts, they are an absolutely vital part of the PR. By wording the PR this way, any loan, for any purpose, will cover him with the SEC. A $5,000. loan from a local S&L qualifies as "our loan", a credit card advance qualifies as "our loan", or as I said, any loan, for any amount, for any purpose, does the trick. In any legitimate PR concerning large amounts of financing, the PR will include remarks, in quotes, from someone who represents the lender which lends credability to the PR. You do not see that here, and the fact that this new info did not push the SP higher, shows that in no uncertain terms this PR has no credability amongst possible buyers. Like others here I have watched my shares lose value, always hoping that the trend will reverse itself shortly, but this PR has been very enlightning, it shows that anything less than 100% verifiable facts will not move this SP higher. What worked for Dean in the past is not working now, and he seems to be in no hurry to change his playbook. Or, just maybe, this is the only playbook he has, and if that is the case, we are all in for a bunch of financial hurt. The charts on this thing look absolutely "critical condition, intensive care", so I think this upcoming week will give us an indication if the patient lives or dies.
You are correct Spence. It was at 750M and it went down to about 738M and change. A PR came out a few days later, I believe it was on a friday and by tuesday it was back to 750M. If my memory serves me well the run went to about .029 - .030 and then it stopped in a way that made it look like it hit a brick wall. Big blocks in the millions were dumped and at the end of the day I think it landed somewhere in the .023 neighborhood. In short, look for a PR soon and keep an eye when the green line start to turn red
Time for TV, and sleep to get ready for wednesday's episode of "As the Pennystock Turns"!
Hundreds of posts per day, thousands per week, hundreds of thousands of words typed, and Mr. Freeman sums it all up in 12 never been truer words. Emphasis on God! (The real one, not Dean)
IMO only Dean and God truly know what is going on here!
Yep Chief, you just put him on the stand and get it from him. Funny, I was thinking about that yersterday when people on here where talking about questions being answered.
Where you going?[color=red][/color]
I think you mean a press release like a "non-penny" issue would release. The problem is that those are 2 seperate and distinct worlds, pennies and listed stocks, and the strategies are completely different.
Thank you, and I mean that in all sincerity.
Mr. Geo, I believe that the acceptance of the dilution as a positive occurence comes out of the fact that the most optimistic, and even the less optomistic shareholders, do not have the option to think otherwise. It isn't good, but they have no control over it, and the only way for people to show their dissatisfaction would be for them to sell. They don't want to do that, so the best thing to do is just try to rationalize it in some manner that one can consider it a positive occurence.
I read, I listen, I comprehend, I have the ability to amalyze, and I do not have any fear. Is there a prize for that like a QASP bobblehead doll or something similar.
Sorry Manti, I replied to your reply but it was deleted. I'm not retyping the whole thing but I will say that if we are lucky enough to ever experience a situation where the price is rising and there are no shares to buy, I WILL GLADLY tell you that you were right. Until then, I will have to disagree with you disagreeing with me.
People did make money yesterday buying in the .014's and selling at the peak. You understand that as well as anybody. It was easy money. If this thing moves there will be plenty of shares to buy. Just like there was yesterday and any other day that there is a little pop. At the other end of those sells at .017 were buys, people thinking that it was going to go higher. Did they have trouble buying? Nope, they had all the shares they wanted. As a matter of fact there were enough shares sold that brought the thing back down in the .014's. It will be no different if this thing is moving upward at .02. There will be shares to be had at .021, and when those are sold there will be shares at .022 and on and on until it hits a peak, then it will flatten out. This stock will react like any other stock if it gets a little surge, it is not in it's own world and it will not defy logic.
You been drinking today? Your smarter than that. If your just trying to defend one of those pennyland scare tactics, I understand.
That leaving people "in the dust" theory is really unrealistic. It has been used over and over as some type of warning to those who actively trade this thing. In truth, those who trade this buy on the lows and sell on the highs. This can be done typically on the same day. Those who want to be in this, will be in this. If you don't own the stock and the price starts to move, you buy the stock. There will be plenty of sellers and shares will be abundant. Stocks prices do not rise via a mechanical system, they rise because people are buying, buying from sellers. Though I know some people might not like to see others make a profit so that they can get some measure of satisfaction, for whatever reason one needs that type of satisfaction, the truth is that if this thing does surge, there will be chances for those who want to participate, too participate. You do not recieve a merit badge for owning a stock longer than the next guy, nor does the stock have a conscience, so it does not feel obligated to make you a profit and exlcude others, we are all on the same level playing field.
Just looking to clarify. What constitutes "truly bullish" news, and percentage wise, what do you consider a "game changer" PR? If you caught yesterdays wave you could of made a few bucks but I don't put that in the Game Changer class. One thing to ponder is that maybe yesterday's PR was intended to be "truly bullish" and a "game changer". If it was it didn't live up to expectations.
Have to respectfully disagree. That amount of volume (low for a news day) indicates trading by insiders. I would estimate that about 50% of the shares sold today were by those who knew the PR was going to come out and were prepared accordingly. It wasn't a major take, but a million shares bought on prior days @ $.014-.015 (14-15K) nets you a nice $2/3K profit per million shares when sold at the peak, which was what happened. It was a quick, easy, and very efficient way to pocket a nice little $20 to $30K profit. Good work if you can get it. If I can catch the next one I'll buy Dean a nice pair of white shoes that go with his nice, light colored sport jacket. Florida law requires that all male seniors wear white shoes when sporting a light colored outfit, especially at a restaurant when catching the "early bird".
It's the best it's going to be concerning that PR. Today was an oppurtunity, if you missed it, you gotta wait to the next one. This is how the stock trades, so you have to adjust your methods to the stock, not vice versa. As a result of today's action more people like yourself might start to feel the same disappointment and start to hit the exit switch next week, which will cause this to drop below the range we have been in for the last couple of weeks.
When the chart is created it can't distinguish on who is selling or who is buying, it just interprets the data. Why you might see the indicators going up when the price is falling is traders jumping in at somewhere close to the point that they consider the bottom. What can happen then is that they misjudged by a day or 2 and bought in a little bit higher than the "bottom price". It's all good though, your still in at a nice low point. Actually the same thing can happen on an upswing if traders start to bail a day or 2 before it hits the "top price". This stuff all tends to work a little better with listed stocks that have a reliable track record. Pennies are pretty volatile and influenced by all kinds of crazy stuff.
JJ you are correct, the a/d barometers, and there are a few of them, look absolutely terrible, and have so for quite awhile now. The charts for this thing tend to be somewhat unreliable since the charts are based on historic data and not on what might happen in the future. As for another post you made. No, it is not funny for those who bought into this thing at the high range. Hopefully, this thing will show a little life soon and get them somewhere close to the get even point, and then, they can make a decision with their investment.
Just to verify, 6M shares shorted yesterday? Am I reading that correct?
Manti Man, where can you get this type of entertainament for 2 cents! It's a bleepin bargain!!
True, a lot of it depends of one's total investment. I think that is where the "trade management" part comes into play. When it comes to what you do with this thing, do what is best for you, and those actions should be based on your assumptions and conclusions only.
Good post. I do disagree with the amount of RISK that your are associating with this. I think the risk is minimal. The initial investment is less than 2 cents, and one with even moderate trading skills should be able to get in and out at will, either for a small gain or a small loss. And if your gain is substantial, look at that as a bonus.
Speculative? According to post 159, there is no doubt about the outcome of this thing. Actually, that posts goes directly to the point I was making when I made the first post. Listen, I don't want to beat a dead horse here. You, me, and others understand this thing pretty clearly. Do others? Probably not. Maybe a few posts concerning this will educate a few folks.
DB, you can have an intelligent conversation with me and disagree with me, and vice versa, without me taking any offense to what you say.
DB, both you and I understand this thing. How many others don't? We have no way of estimating or figuring that out. It all comes down to this. I'm all for you, me, and all of us making a few bucks. I'm also just as concerned about people losing money. It isn't my money and maybe I should have the attitude that since it isn't I should not give a rats az**, but for whatever reason, I'm more comfortable caring about those others.
Your perceptions are accurate. Bigdog's post is full of optimism and hope which is understandable. What has me really concerned, and has from the beginning, is what happens to all the people like yourself, and including me, if in fact what you and all of us have been taught turns out to be true. I'll be fine because I don't depend on anything that is said on this board to make decisions concerning QASP. But that is not the case for everybody. It's easy to sit there and create posts that promise an abundance of riches, by who and how, do the reins be grabbed for those who are left holding the bag if this is not what it has been promised to be.
I'm really sorry to hear that and I hope you haven't experienced any financial difficulties because of it. Put a little distance between yourself and this nonsense and you'll feel like yourself in no time.
Good Luck
Can I assume that any assets, including money on hand would have to be included or reported in that 10Q report?
Just use the God given common sense you were born with, common sense that seems to be serving you well up to this point. Direct your DD to penny stocks in general and the part that sites like this play into them, and you will have a much clearer picture of the situation and be able to make prudent decisions.
I agree, if someone is going to shower me with a bunch of shares, I'm going to cash a nice junk out for cash and keep some for speculation. If I start losing substantial money on those, I dump the rest.
I understand. Things have not been good for the past few days for anybody. Bashers I actually find funny, I find more harm in those who try to manipulate some of the less informed people on here. The fact is none of it means anything at the end of the day. I read posts on and off all day, and out of the total posts I think I seen about 2 or 3 of the typical "off of the wall" bashes. There was probably about 200 positive posts which included some "off the wall" pumps. In the end the PPS fell. Did the 3 bad posts have more influence than the positive posts? I doubt it, it's just the market, sometimes more buyers than sellers. And the same forces that were in effect today will be there tomorrow.
Sorry to see the fish picture gone.
Got your PM Spence, I know your limited. I'm glad you brought that up because I did discuss that with them, and you are right about the response, which kind of surprised me. But I think it just lead me to come to the same conclusion as you did about "all of them".
I have never lost money on a penny stock, I have only bought 2 in my life and that includes this one. I hope you don't lose money on this one either. I understand what's going on here, and I didn't gain that knowledge from buying stocks. What's going on here isn't that deep that you would need experience in the pennystock market to understand it. As a matter of fact the only people in this are pennystock players and first time penny stock buyers who look at this as some type of lottery. Hopefully your dedication and confidence will pay off for you, if it doesn't, just throw another line into the stream.