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Looks like there's not much interest in this stock on Ihub.
I was going to sell my position at $52 last week before the earnings but missed the window of opportunity. I think this is a good company and I see this sell off as an opportunity to add.
Any feedback on trading strategy for TRMB here?
Looks like it picked up again.
Thanks,
I definitely follow technicals but I also combine it with fundamentals to get the full picture. TRMB just posted a blowout earning that caused the last spike. It's heavily held by institutionals so it really depends if they are going to take a profit or they see more upside at the current PPS.
Technical analysis is definitely good for determining support and resistance points as well as entry and exit points.
Anyway, great board here with a lot of useful info. I will sit down and study when I get a chance.
Hi Geaux,
Please take a look at TRMB chart and let me know what you see short-term, mid-term.
It's my company stock and I exited 75% at 37.50 yesterday and kept 25% in case this goes further but it looks very overstreched to me.
Monk already has a lawyer that tells him what to do/not to do. I am sure he's got enough money to pay a really good one.
If this ends up being another one (I have seen a lot in the past) of those "Well, you should be careful what you do with your money", "Next time be smarter" and crap like that then it tells me that it really pays off to be a pumper, scammer, conman, etc.
So that means CEO is not obligated to communicate to shareholders if he/she chooses not to?
This is where I have to give another credit to Xbig!
I also cannot believe a bunch of people invested A LOT of money here and now they see 90%+ loss and still decide to sit and wait without raising voice or asking some questions.
I mean if you put $300 in this play I would understand you don't want to even bother - you write it off in your head and you're done with it.
But.. If you put $10k, $20k or $50k.. well, unless you have 10 million dollars in your bank account I would say that kind of investment deserves some attention!
A bunch of people here are just hoping every day that things will turn around, everything will be just fine in the end and we'll all hug each other rolling in 234563456345% profit. The reality check suggests something else!
I've been burned many times before on penny stocks and looks like here I am burned again - I guess I didn't learn anything or I like the feeling of hoping every day.
I don't see anything wrong with threatening the CEO with a class action law suit if he doesn't want to talk to his supporters - shareholders. The best thing that can happen to a guy like him is if everybody feels there's nothing that can be done and leave him alone.
Give him hell every day so he doesn't sleep until we get the answers we need! IS THE COMPANY SELLING!?
I don't need any more ass/umptions or hope or believing what somebody hears from somebody else who heard from somebody..
I want to see the damn documents that tell the truth!
Again, thank you Xbig for yelling around here and pointing people in the right direction.
Hey xbig,
Are you guys still holding CDIV or are out?
A question for the board:
I understand arguments of both sides on this board - that ones that are still hopeful and the ones that lost their patience.
One thing I can't understand is who is selling at these levels?
Some here believe there's a group of people that pumped this stock to .72 and sold on the way up. OK, I get that. But those people would be out way back when this stock was in 50-ies and 60-ies.
Now, there's a bunch of people that were buying tons of this stock at the levels I just mentioned (including myself) and we are all down a lot. I told myself when I got in that I will rather burn this to the ground than sell at 90+ % loss because that really doesn't make any sense. I believe a lot of people are in that situation and think that way. So I don't believe they are selling.
So, my question is - who is selling now?
For the "hopeful ones" I already know the answer - nobody is selling, MMs are shorting.
So I am more interested in the answer from the "others".
Dis stock is going to da moon!
I will sell at $10.. Yeaahhhzzzzzz
:)
Sorry pmlg, I forgot to put a smiley at the end of my post.
I am not teasing you.. actually I was going through April posts and came across yours but I was looking for something else.
I was actually looking for those $32.00 targets :)
I am part of this and in a sick way enjoying to watch my money in CDIV disappearing every day. I will not sell this for a loss but rather keep it for declaring a "worthless stock" just like many other pinkies in my past or have a profit from it. This is my play money so I go all in on "red" :)
BTW, I like KoolAid.. tastes really good :)
"lets get PPS up there to next step. buck land."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48855178
I believe this is the reason why this stock is not bouncing back yet - hesitation. A lot of people are watching to see if it starts creeping up so they can jump in when it's "safer". Most of them end up chasing it on the way up. I can't blame anybody for being hesitant with this stock because when you look at the chart it doesn't look pretty.
I took a risk and bough double the amount of shares I held since April at 0.06. With that action I halved my average. It's a big risk but I consider penny stocks very risky and this is my play money.
Regardless of a lot of negativity in the air these days I believe we are going to see a run soon. As far as valuation talk on penny stocks I consider that ridiculous. Even NASDAQ stocks don't follow proper valuations - a lot of them are overvalued or undervalued. Stock market is based on speculation and emotions and that's why it's so unpredictable and has ups and downs.
Look at message boards for big stocks like Apple or IBM - people are arguing that the particular stock will go down 20% and others are saying it will go up another 50% next year. Everybody has great arguments just like before a football or baseball game but nobody really knows.
If CDIV goes to 0.03 there will be a lot of yelling here "I told you so" and if it jumps to .25 you will hear the same "I told you so" but from different people :)
Good luck to all of us that are stubborn and holding!
OK, I think I got my earlier question answered in your video.
Correct me if I'm wrong here but what you're saying in your video is that MMs normally don't carry large short positions but rather make smaller trades and cash out quickly.
I am sure there are exceptions but the question that remains is... Do you believe CDIV is an exception here? Is it even possible to find that out? What I am trying to say here is "Is it actually possible to find out if there's any naked shorting going on"?
Hey X,
Forgot to ask you something... You mentioned once you have some MM friends and that you would ask them to check what is the deal with CDIV and the short interest story behind it.
Anything ever came out of that?
Thanks.
This board is very humble recently and I want to change it right now!
So I'll start the conversation like it used to be back in April when everything was fun and exciting.. OK, here we go:
Oh man, when my latest buys in 0.05x and 0.06x hit $7..
Wait... $7!!?
Why would I settle for $7 for God's sake!? I mean when they hit $10, $15 and $25...
Ferrari Enzo here I come to pick you up! (Because, a car should be number 1 investment on your list always).
Then I'll pay off my mortgage and go to my boss and say "see you sucker!"... Oooohhh.. I can't wait!
And that's how young millionaires are made my friends! Right here!!
A beer on me for everybody here as soon as we hit $15. Mark my words! (have you seen this phrase here before?) :)
Disclaimer: I own shares that I bought from .60-ies all the way down where we are now so I can joke at my own expense!
Good people with good sense of humor - brighten up! Let's take this baby to $10... well, to $0.1 will be fine to start with and then it's easy from there! :)
Your question answers the root problem here - "Where is Monk?".
A lot of people here want somebody to hold their hand and tell them when to buy and when to sell.
Monk was doing exactly that for this stock as well as others and the premise was FLD.
He will say the same thing he was saying all along - "The latest huge drop is a testament to what I am saying for the last 2 years.. MMs control this game and we need to step up".
But what most people here expect is for him to say when will they see their pinkie stocks in dollars-range as they were promised.
NOBODY can tell that! Well, actually I can.. so listen to me carefully:
It will happen when you (a group) can match MMs available funds and put more out! That's when.
Let me answer that one - deep pockets.
What you see on level 2 is fools gold. They can manipulate level 2 like a hot girl can manipulate a drunk guy at night club :)
For people that like Monty Python...
Really applies to this "room" :)
I am already happy... if it goes down more, bounces back to 30's or stays where it is.
It's not going to change my life. I hope my family and I stay healthy and that I don't get seriously injured or killed in an accident.
All this is just a game where you win or lose some numbers.. Unless, of course, you gamble with your house equity, retirement money, college funds, etc. Then you better have a backup plan!
I know you weren't... I was trying to play safe this time too.
I wish my starting point was 0.065 but my purchase today just lowered my average to 0.21 but that's OK.
This selloff has nothing to do with this stock but E**H and FLD concept that a lot of people are questioning right now. The best time to buy - when everyone is "running around like a bunch of girls on a Halloween night" as you would say :)
Uuuggghhhh... you beat me by 0.002! :)
You came to the right place to find your answer.
In order to save you time for research I will give you a summary of answers on this board to your question:
* "CDIV is going to $20, I am not selling a share before $15"
* "CDIV will be $2 in the next 6-8 months"
* "Next week will be interesting"
* "We are going to get a better idea in the next couple of days"
* "Buy and hold - it's that simple"
* "You will be very happy with your CDIV shares very soon"
* "There's no fld, CDIV is going to .10"
* "CDIV will be at .01 very soon"
So, now you just need to pick the answer you like :)
OK, that clarifies it for me.
Thank you.
I need to bud in here..
I am not sure if your post makes sense cmi.. This guy is very open about his approach and actions. So if there's somebody that does flip in and out every day but never posts on this board - that's ok because he/she is invisible but if a person comes out clean then he's a bad guy?
There's no point in arguing somebody's trading style - xbig is a full time day trader and CDIV is one of 16 plays he's in.
I have to say I respect your opinion cmi but I disagree. This is the reason why this board made a lot of enemies IMO. CDI VD is a publicly traded stock, not a private auction for a small club. If you believe in a short squeeze then just hold, add and wait. I've been doing that for the last 6 months. If somebody wants to flip it's their business. You know - if you drive Mercedes Benz enjoy it but don't say that BMW drivers are suckers and don't know what a good car is.
All my humble opinion.
OK, that makes sense. So it applies to people that have a margin account AND are using it to buy securities.
I am with TD Ameritrade and have a margin account (as a pattern trader) but my margin debt is zero (not using margin) so it doesn't apply to me. The only time the margin is used is when I sell - I have the funds available instantly as opposed to waiting for 3 days to settle. That's when the margin account is used temporarily.
Boy, would that be a mistake at this point Mikey.. Good you missed it :)
Craig,
I follow you and your posts since March and I can tell you are a very honest man. I know you believe in CDIV and other fld plays with passion and you are pretty much betting your life on it.
I agree with you that CDIV will go up (otherwise I wouldn't be in) but because you predicted many times before (again, because you are very passionate about this) that CDIV is going up next week, next month, etc. you were called names at work and made people angry. Well, they don't know anything about stocks, especially about OTC world and they don't care. You said this is going to give them 100 bags back in a month and then it went down - so in their mind you lied. The fact that CDIV may be at $2 or $5 in October doesn't matter because you said it will be there in June.
Making predictions is a very responsible job and that's why I stay away from that. At this point you have people like me that patiently wait this thing to show its real face and no bashers or pumpers can persuade me to do anything. The ones that wanted to become instant millionaires in two weeks are mostly gone.
I am glad that Monk is working on a new message board - this one became pretty much useless since it emits too much noise.
I wish you luck and a lot of money made on FLDs.. I will be around to celebrate at the end. You can count on it.
Hi X,
In your CDIV youtube video you mentioned that big holders should call their brokers and put a stop on loaning their shares out. I was wondering what kind of confirmation you get from your broker (other than "sure, I just did it") that your shares are "locked"?
Also, I wonder if any of the big holders here took that advice from you.
X, thank you very much for sharing your videos/thoughts.
I almost completely stopped posting on CDIV board because:
1. It's hard to post something sensible every day
2. Nothing new to learn from bitter people that are down and those that enjoy seeing other people suffer (the "I told you so" people).
Happy 63rd birthday Mike :)
You obviously have quite a few years of experience doing this and I really enjoy your approach. You are very honest and say what you see - not how this is going to $50 and how your $1,000 will turn into 10 million which will buy you 200k car, boat, etc. Those that were the loudest here back in Feb - Mar screaming how they will make tons of money in a few months are probably long gone by now or turned into bitter bashers.
I really like that you said how somebody's 5k bid will not scare away any MMs from shorting. That is why the team is needed as a concentrated effort because it adds up. Not everybody has resources as Monk a few others but hundreds of people with 5-10k bids really adds up. The problem is that nobody wants to be red and there's a lot of people dissapointed with their CDIV investment so far so they don't want to invest anymore. I've seen it sooo many times... All they want at this point is to get to their initial investment back and I posted awhile ago how these people always lose in this game.
Patience is the biggest issue in these times where we have all info in the world available in the matter of seconds.
I hope your posts and commentaries will open some people's eyes.
I for one will definitely follow your thoughts.
Thank you very much for your effort in analyzing CDIV and riding the wave.
Hope this post doesn't get deleted.
I know pmlg, I am aware of the rules but don't have PM so I had to..
No more, I promise :)
Well, isn't that a coincidence.. Let me know when you have time for a drink and chat about this interesting phenomena called fld :)
Used to live in Sac and now I live in Folsom. Same difference :)
Well, well... Hello Sacramento neighbor :)
I couldn't agree more and that philosophy is very applicable to CDIV.
A year ago I was reading tons of predictions that DOW is going for sure to 5,000. Well, all those "experts" are wrong since then. Is there a possibility that it will go down to 5,000? Absolutely! As much as it can go to 15,000. The only question is when.
Some are saying here that CDIV is heading to sub-pennies and some saying to dollar-land. Both sides can be right at a certain time.
I cheer for the dollar-land and keeping my shares. I might be wrong but the fact that a lot of people here bought/are buying CDIV and holding makes me confident that this is not one of the p&d pennies.
There's no point arguing all day long back and forth here who's wrong and who's right but it's our human nature and we'll continue doing it. Same thing applies to sport, politics, cars, religion, you name it.
Well, so I picked my side... Go CDIV! :)
Darn, I have the chart opened on one screen and doing a bunch of stuff on another.. didn't even notice the time..
Today really went by fast.
Level 2 joke.
0.02 X 0.25
Is my Ameritrade level II totally screwed up right now?
Each down phase of CDIV since the initial run probably shook off a bunch of flippers, people that don't have the patience to wait for more than a month, let alone a year or two, people that expected a quick profit, etc. I think this downturn will shake off a bunch of people of that type and will attract new people and those that believe the concept will keep adding.
If you start reading all the negative stuff about CDIV, the team and Monk eventually you will start to believe it and that's when you will break down. I totally agree with you sholtz about leaving the computer if you can't handle it. It doesn't bother me and it can go a lot more down as far as I am concerned but I am not selling.
It's so funny that some people expect to get 1,000% profit but cannot handle a situation when their stock is currently 50% down.
Gosh, if it was that easy we would have a lot more rich people. If you cannot tolerate big swings then by all means listen to your "financial adviser" who will tell you to stay away from stocks (let alone penny stocks) and invest in bonds and CDs. You get a safe 2-4% return over a couple of years but no sweating every day in front of your computer.
You talk about 1,000% or 10,000% profit? Well, be prepared for a crazy ride!
I believe that around 50-60% of people that invested in CDIV around March and expected to turn their $10,000 into a $1,000,000 over the next "month or two" are gone by now and you can see that reflected in the share price and volume. Yes, there is manipulation by MMs but these guys really help them out with their actions. It's a free market and there's nothing to be done for them other than taking their shares back to the team.
The strongest will survive here and the rest... Once CDIV explodes they will miss the run, be mad, disappointed and call this a scam. Sounds familiar?
I believe there's quite a few shares being sold by those that were the loudest when it was going up. Those people and their short-span attention is easily recognizable by their posts. They get super excited when they start thinking about huge profits and all the talk how they will spend that new fortune. They read CDIV boards every day and when things don't go their way the emotions and fear kicks in and they are the first to jump off.
It's pretty funny how human psychology works. I see the same patterns everywhere. I lived in a war and it was the same thing - before the war started I knew guys who were pretty much screaming in your face how brave they are, how they will be the first ones to die for their country, etc. and when the shells started falling they were the first ones on the planes to other countries. After the war was over they came back as fine gentleman and started screaming again about their super abilities to take the country to a great future.
Now, back to CDIV :)
In a couple of my posts I warned people not to put money in CDIV which they cannot afford to lose because it's awfully hard to watch that money 50-60% in red. Pinks sheet/OTC stocks are VERY risky and you have to be ready to lose all of your investment if you want to play. Actually, I wouldn't say that for pink sheet/OTC stocks - it's for ALL stocks. My wife lost over 60% of her portfolio since 1999 and she is invested in the "best" stocks like Intel, IBM, Pfeizer, EMC, etc. She even had a dedicated "professional" from Schwab who was managing her portfolio.
I will repeat my philosophy about CDIV and other fld plays - if you decide to buy then be ready for huge ups and downs and don't look at the action every day because all the negative opinions will eventually get to you and you will sell for a huge loss. I will either make it to the squeeze or write it all off as a loss at the end of the year but I will not sell for a loss.
To many it may sound stupid but selling for a loss and chasing the "next best thing" is a sure way to lose every time. It's like a broken watch - it will show the correct time two times a day but the broken one will just be always ahead or late :)