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sub pennies. All the prs dont make sense. Mark my words!
Thanks, I just don't want it to run yet. I won't say, but I have a lot of shares. Just need 1 more panic seller...
I like how longs ALWAYS gang up on the guy that thinks differently. Also, there is no such thing as big shot in penny stocks. If there were such big shots in this stock, they would have bought up a decent amount of the float and start moving this stock. I would say at most, you guys own a position between $3-$8k.
I mean with that money, it might be better day trading mid-cap to large cap companies. Why not trade currency??? You can leverage 100:1 or even 400:1. 1) more liquidity, 2) basically the same risk at trading/investing sub-pennies because they move very fast.
I just assumed, because you
1) told me you own a boat load of shares from a post couple days ago, so who else would own that many shares?
2) There is a huge wall on the ask, a weird 5 million wall comes and goes to entice sellers (intimidation)
3) you posted just posted that you got in on the bid...
I'm not saying that you did it 100%, but it sounds like you are flipping little bit at a time...
If you say it's not you, then so be it. No big deal, no need to make a big deal out of it. Chill man.
Why don't you read the entire thing next time and
not the first sentence of the paragraph. Re-read my last post and read the whole thing. And never use wikipedia as a source. Maybe link me to investopedia.com next time or some reputable website.
Specialists aka: market makers make $$$$$$$ on the spread. i.e. client calls up the broker to buy XYZ stock at $25, the specialist then tries to get anything lower than that on the exchange, and if he executes it at $24.90, he makes a $.10 spread profit. Also, sometimes, market makers have to short their own inventory of the stock, thus they sometimes drive the prices to fill their 'buy to cover' at a lower price'. I can go on forever...
See, you already have a biased view on my posts, because I am just trying to be realistic on SEEK. You have some serious attitude problems because of my negative opinion? I was just trying to help the guy out.
Lol. I myself am not a millionaire and never said I was. My family assets may be, but not me. I'm still here because message boards have been entertaining. Penny stocks have been my hobby, it's fun and exciting. I have couple grands to throw around and not really if I lose it.
It's just interesting to hear and watch people hype of the stocks when the price hasn't changed at all.
Honestly, it doesn't matter if stocks make profit or not. If there aren't any buyers, then it won't move at all. Look at the blue chip growth companies like Apple, inc. Analysts know they're going to set new sales records, but despite the downward momentum of the stock market in the past 3 weeks, it's trading under $400.
But I will tell you one thing. It's the exact same things the big guys do with large cap companies/IPOs. Except they hype it through reputable articles like CNN, thestreet.com, CNBC, and alphatrade, etc.
Also, you guys should be glad I am here, there needs to be a balance between the positive and negatives. Can't you see what I'm trying to do here?
I still haven't finished filling my .0076 and .0075. I don't really want to chase this stock at this point..
We all know it's going to break out. The question is, by how much?? .02-.04. I think a buy of between $12k-$20k on the ask will bring momentum back into this stock.
Finally, someone who understands these scams. Be aware! It could be the greatest investment or the worst. Get ready to either pull the trigger and push the buy button. The day will come when audited SEC files pop up.
I think until financials comes out, a lot of traders and investors will avoid this stock. If people are willing to hold for several months, then these prices might be a bargain.
If you're aiming for a quick uptick, then it might be better trading something else. Which for the most part, people are avoiding, because look at the inconsistent volume.
MM = Market Maker. Basically is a specialist that liquidates and trades stocks for their clients.
Most MMs are phantoms in penny stocks, because whoever owns the most shares can control and manipulate prices easily. Thus we consider them the "MM" of penny stocks. Except they don't have a series 6-7 nor any kind of licenses. (Day trader with a lot of $$$)
Almost all of penny stock's transactions are done through the ECN or any kind of computerized network.
Market makers don't even bother to look at penny stocks. It takes about a decent 2 years for up trending companies to get sponsored by an institution thus specialized by certain market maker.
This is nice. My bids are getting fill. Hope I don't have to chase this stock before getting my position set.
seems like you've been flipping a lot in this stock. sell at .0023-.0024 then buy .0018-.0020
This stock is not going anywhere until real financials come out. Probably one of the reasons why smart money is holding this down.
Load up before the big run.
Shares are getting soaked up. Look at the level 2 and time & sales. Panic sellers they sell on the bid, but then after they get soaked up and back to .008. Pretty interesting to watch. Someone is accumulating.
I don't think anything can be considered viable until actual legal SEC financials come out. Otherwise the company is still a huge gamble, not an investment. But then again, everything is a gamble, they just use the phrase 'investment' to make it sound sophisticated. Hope the company does well.
I think at this point of the decade, breaking into the search engine market is very competitive. Unless engineers or entrepreneurs come up with a whole new different concept,they will have a hard time contracting with an ad agencies due to the low traffic.
It doesn't matter how much subscription business owners make to the website, it's all in the web traffic and why consumers should use the search engine over another. Scott should consider transitioning to the smart phone application market as soon as you develops a base for theDirectory.com, because he has a better chance capturing traffic and market share in developing markets in the smart phone business.
Has anyone actually tried using theDirectory.com to call their own chiropractor. I called my local chiropractor that was listed on the website and asked about their listing and they didn't pick up. I tried contacting them in the past 2 days. Also, there are some weird plumbing links that's posted on the website for my local area...
I bet you, if 10 million gets dumped at once tomorrow, then it will trade around .0011-.0013 area. But the same goes for going up. If someone buys 10 million using a market order (as long as there isn't a big seller on the ask), then it could trade .0024-.0028 area.
So people who are trying to convince the realistic people like me are wasting their time. Go convince someone who is optimistic to join the band wagon.
Look at the indexes. There are plenty of good companies that make money, but when everyone is selling, then the stock prices go down. You trade on momentum and psychology, unless you plan to lock your money up for long term investments. And when i mean long term, i am talking about 5+ years.
Trust me, I invested a $1000 play money couple years back in a similar company that behaved almost just like thedirectory.com with one person acting as the CEO, CFO, etc. without a degree. And guess what happened to that company, it disappeared before the SEC got to the CEO.
I like the uptrend of the company. But no one cares because its a pink sheet and it trades in the sub-pennies.
Trust me, I have been trading for more than 5 years. Until the company does a reverse split or some kind of buy back, long shots won't even touch this. I mean common, even day-trading any kind of sub-penny is RISKY. Imagine telling yourself you are holding it for several years.
I look forward to the company's advancement, but I wouldn't be investing my entire savings in this company. Everything happens by chance, and the odds for this to become successful is still against the company due to it's premature financial status. Also, I don't see why this guy doesn't hire more employees. Like an actual CFO with an accounting degree. Thus everything is still in the dark. No one actually knows except the CEO if the company is actually making revenue or not. I am looking for a fully audited financial statement.
I want this company to do well, and hope its genuine, but amateurs here need to stop being too optimistic, or you people will lose all your capital.
Okay 1)
Scott did NOT say there was an investor looking to invest $100 million in the company. He specifically said a recent Russian billionaire made a $100 million investment in a similar company. NOT theDirectory.com!
and 2) no way in the hell will any investor offer a $100 million premium that has a revenue close to $600,000 (source: according to the conference call). Why? Because the company needs to have a pre-money valuation in the hundreds of millions or low billions to at least receive that much. Stop making BS and get your facts straight.
I do my homework:
http://www.otcmarkets.com/stock/SEEK/company-info
Read all the SEC filings too.
I support this company. I just want the dam CEO to reduce the share structure...
I think they will release some more positive news on production. I am really looking forward to what the have planned. Finally, revenue!
Anything under .02 is a steal.
a buyback is crucial if this company wants to be liquid in the exchange. Otherwise, it's going to have a hard to going to penny land or possibly even a $1.
Everyone needs to realize that Scott needs to reduce share structure if people want penny land or higher. Especially those who are saying this will trade at a $1. In my opinion, the best way to get big investors to come on board is a reduction of the float or reverse-split. Then we could possible see $1.
There is roughly about 2.4 billion shares in the float. The company diluted too much in the past. Since they have positive cash flow, they should consider a retirement or buy back asap, which will lead to future financing and investment.
Otherwise, the only way the pps will move forward is when flippers or traders start pumping the stock. Trust me, no big shot investor will ever invest in a company and hold it for the long term, because it's a sub-penny stock. So be careful with your money.
Good. Not much trading activity going on with SEEK. If volume declines, it might sell off even more. But it's also a good thing, because we won't have quick flippers on board.
Yup. Just as I thought. I kind of want this to go lower, so we longs can ride the band wagon at a good discount. However one thing that kind of gets me is the float. It's pretty big. So we need big buyers to move this baby.
Yes, I am looking for .025-.03. I think it's possible. The charts are breaking out to new 52-week highs soon enough. More verification positive news = bull market for EXTO.
Seems like we have a winner here. There has been a lot of accumulation between .0070-.0090. This will go to .02 soon enough.
Tomorrow we will see .0012-.0014. Hold your shares! It will pop up on tomorrow morning's radar briefing for the stock alerts.
Yup. I think this accumulation is due for a new pr. Expecting good news on their ability to make the next leg up from its development stage.
Hope there isn't a sell off once everyone gets their shares unlocked...
When those .0008s get cleared, I think we will see as much volume as we did from the last breakout. Except this time we could see upper lower to mid .0010s. If we're lucky and get big money in, we might see a run to .0020.
All we need to do is hit .0015 and we will surge to .0020+
TDA just unlocked their shares.
Only about $5.8k left on the ask for .0008. The volume broke its 10-day high. We should see some buying coming in soon, Grab as much shares possible! This is going .0010+ this week!
There is a saying that the opposite happens in reality. But I want this baby to run. Looking for .0050+ in the coming month!
I won't be surprised to see a little dip before the run. Quickie/flip traders who bought the stock under the ticker symbol EYSM will probably sell their shares once their position gets unlocked from their broker. Mostly because they thought it was gonna run 200% the next day. That's when longs come in on the bid and have those day traders sell their position at a low price and at their own loss.
So I support anyone who sells their position right now. Because at the end of the day longs will scoop it up and the stock will jump more than 100% sometime in the coming months.
No need for short-term traders at the moment.
I'm kind of glad that there isn't much volatility in this stock. I want this stock to stay under the radar (Meaning away from quickie day traders and flippers) until we see Q3-Q4 results.
Either way this company will be profitable and day traders will only ruin this stock before its big run. So BE HAPPY that the stock is [flat/slight trending upwards/didn't drop that much], because we all know that technicals breakdown when people come in expecting to gain a quick 50% in a day.
If you're here for a quick 50% within a week, then better look elsewhere.