IMHO! That is one ugly chart and clearly shows heavy dilution without even having to read the files. People seriously think a bottled water company trading on the pinks will succeed? Haven't seen one yet, but watched numerous try. Only wish I could find a broker that would short sell me some shares here! IMHO! FWIW~

Looking at the downward chart and how there are no insider buys instead numerous sells I am looking into a possible short position here(In puts)come Monday. IMO! If the insiders were so confident in their company they would be buying instead of selling. IMO! FWIW~ Only thing possibly holding me back is the lower volume. So tempting though for a confident business owner invests in his company. Why aren't insiders buying?

http://finance.yahoo.com/q/it?s=OSTK+Insider+Transactions

OSTK Chart

Can anyone tell me what happen to Yak? I haven't been on IHUB in quite some time. YAK was a brilliant young mind and just hoping someone can tell me he's ok and decided to take a different more successful path in life. Thank You.

Can't chart a scam. Sorry for all your losses here :(

Good Evening Fedex,

I have been away for quite sometime. Could you please tell me what happen to Yak? Is he ok? TIA :)

Could you perhaps prove there is shorting taking place here? TIA ;)

Hi idfix. Sorry don't have private message feature, so replying to you here. Yes I did experience problems with Sogo, so I dropped them. I found customer service to be less then satisfactory and trade executions way too slow.

Yea, but real companies don't hire shady penny promoters to do their advertisements. IMO! FWIW IMHO!

lol! My husband just received a paid advertisement mailer in the mail for SNPK. He doesn't trade, so no idea how or why they sent it to him.

I do see that Caropath Ventures LTD was given a budget of 1.7million for print advertising and will retain any amounts over & above the cost of production, copywriting services, mailing & other distribution expenses, as a fee for it's services.

I will have to dig into this one a little further. Honestly though already not liking the paid promotion taken place. IMO!

Finding a penny stock on IHUB that isn't a scam is like finding a needle in a haystack. IMO!

Topfuel I received your pm, but unfortunately I do not have the pm feature here at IHUB.

I would love to help you. If you go into my profile, follow the link in my profile to join the live chatroom I am in. We would be more then happy to help you with the question you asked.

Have a wonderful evening.

Wow jk you truly are kicking some butt trading those AAPL weekly options. I knew once you started trading it you would fall in love with it. lol! You can't beat the big moves and gains you make in the higher priced stocks playing the options. Congrats :)

Yea, but with the recent filing and the non-stop dilution how do you know this will not dip down to .002? That's the problem with penny stocks and averaging down it's very hard to determine a bottom on a heavy dilution machine.
At least with big boards you can buy a position in a stock and if it falls a bit you can write covered calls on your shares, receive a premium minimizing your losses or you can even write puts giving you an opt to buy the stock at a lower price.
Whereas investing/trading is IMO! like gambling, penny stocks IMO! truly is pure gambling. There are no ways of hedging your investments, they aren't regulated closely as the big boards are and majority of penny stocks are scams that wind up falling all the way to .0001. Playing penny stocks is no different IMO! then putting a quarter in the slot machine, pulling the handle and hoping to hit the jackpot. Not saying you cannot make money in penny stocks, but you truly need to know/understand the inner makings of a penny stock, be extremely disciplined, able to watch them daily and know when to walk away minimizing your losses. Have watched too many people chase these things down to .0001 losing it all. Many venomous snakes in the penny grass. I have seen them kill more people then actually make them wealthy.

Good Luck to you imgoingfishing1. Hope it works out for you.

IMO! Averaging down is one of the worse things you can do in a penny stock like this. People need to really learn how to set mental stops, sell at that point and never look back. Majority of penny stocks found on IHUB IMO! are scams. They can drop at a blink of an eye. Only way to win trading the markets is to keep your losses at a minimum, don't get greedy and by locking in profits on the climb up.

People laughed at me when I sold in the .02 area, but one thing I learned is you will never win a trade if you don't go in with a plan. .02 was the lowest I was willing to sit and the max I was willing to lose. Seeing the pps now goes to show you how having a plan prior to entering a trade truly does work. I stopped trading penny stocks 3 years ago due to all the scams. Thought I would give it another try this year, but realized after playing SPAH I am better off continuing with the big boards along with options. More bang for your buck and more ways to hedge your investments to make a safer bet.

I hope SPAH turns back up for you moneyguy, but please be careful. Right now only direction this seems to be going is down and the information from the company is quite shady. Protect what capital you have left for one never knows if tomorrow this could be halted. GLTA

Something is very fishy here. IMO! Be careful playing this one now. Whole company sounds like a scam if you ask me.

Not good at all badgerbob. IMO!


Spectrum Acquisition Holdings, Inc. (OTC Markets: SPAH), a growing mining technology business developing niche biomining technology reports annual results.

Spectrum Acquisition Holdings, Inc. (“Spectrum”), a mining technology developer with niche bio-mining technology reports annual results.

The Company is a development stage company. The Company is devoting substantially all of its present efforts in securing and establishing a new business, and although planned operations have commenced, no revenues have been realized.

To date the Company has experienced losses from its operations and anticipates that it will require additional capital resources, including the net proceeds from additional equity and debt financing transactions to generate revenue and achieve positive cash flows from operations.

The Company purchased 100% of the membership interests of Avalon Perspectives LTD, LLC in September 2010. The consideration for the acquisition was a $2,200,000 Convertible Promissory Note. During 2011, $110,000.00 of the note was converted into common stock. Subsequent to the balance sheet date, $1,763,617, the remaining balance of the note, along with all accrued interest was cancelled.

In October 2011 the Company affected a reverse stock split wherein 10,000 shares were exchanged for 1 new share of common stock, which resulted in the reduction in shares being outstanding prior to the reverse split. The three directors were issued a combined total of 70,000,000 shares of restricted stock for services with one third vesting on the anniversary for each of the following 3 years if they continued with the company.

Subsequent to the Balance Sheet date of December 31, 2011,The Good One, Inc. terminated its Financial Consulting Services contract with The Company effective immediately; The Good One, Inc. and Opal Investments, LLC (a portion of the original note had been assigned to Opal Investments, LLC) cancelled the balance of their convertible note including accrued interest; and Keith Michael Field submitted his resignation from the board and terminated his financial services consulting contract.

About Spectrum Acquisition Holdings, Inc. (SPAH.OTC Markets)

Spectrum Acquisition Holdings Inc., (“Spectrum” or the “Company”) is a new technologies engineering business serving the mining industry. It is developing “Small footprint” technologies including, Laser Guidance Systems for Diamond Wire Stone Cutting, Apparatus for Digesting Metal Ore with Bacteria and new Green Mining technologies that represent sustainable green mining innovations. The Company is focused on producing cash flows from its Western American Mining division and Avalon acquisitions, as well as, its proprietary Eco-Mining Technology.

Spectrum is executing a three-pronged strategy for growth. The Company is acquiring interests in high quality, low-risk gold projects with past production and sizeable resources. Spectrum is developing technology solutions to enable more sustainable, smaller footprint mineral exploration, production and processing. Spectrum is also pursuing acquisitions of mining sector service companies including operators, mine site service providers, equipment manufacturers, geology firms and technology developers.

If the company doesn't start proving they're real this could potentially wind up halted in 2 mths. Ya just never know in penny world. IMO!

They have been chasing a bottom via the chart since .03. It's now sitting at a new lod right now. Obviously they're still selling. IMO!

Chart is IMO! completely worthless when you have a company that freely opens up the printing press constantly. Chart cannot tell you how many more shares they have to dump and how low they're willing to dump at. This is what kills me with all these so called chartists! IMO! If you're going to trade penny stocks you need to know charting(especially the money flow indicators), Level IIs and understand how to read a filing to start off with. Trading pennies based purely on a chart is going to make you broke. IMO!

This is not Market makers picking up cheap shares nor is it people shorting SPAH. It's pure dilution! IMO!

You have proof of these Market makers picking up cheap shares???? Or is this just an assumption??

So far more sells then buys today.
http://ih.advfn.com/p.php?pid=trades&symbol=SPAH

No Thank you. I asked you a simple question. How can a chart tell you a dilutive penny stock is guaranteed to go to .11? Did you read the filings? Do you know the terms of the notes, how many shares they have to sell and if there is a floor price on those shares??? Can you guarantee steady daily volume to eat up that dilution???

etc, etc, etc

Sorry but I completely disagree with your analysis. A chart cannot predict that big of a move especially in a dilutive penny stock since you have no idea when the printing press will open up again.. IMO!

Wow very nice trade in AAPL jk. I really like the higher priced stocks for option trading.

Can I ask you how a chart can tell you a dilutive penny stock is guaranteed to go to .11?

False breakdown of support?? Looks more like dilution if you ask me. IMO!

Very hard to trade based solely on a chart when a company is diluting doc. IMO! ;) You really need to read the filings!!!

Too many promotions, lack of communication from the company and constant dilution. 3 major red flags. Looks more and more each day like a complete scam. IMO!

Hmm going by this IHUB trade report from today I'm showing more sells then buys. Sorry but IMO! all current info is showing sell pressure. Hope it turns back up for all of you.

http://ih.advfn.com/p.php?pid=trades&symbol=ATRN

If there was buying why is the RSI now crossing in oversold territory and accumulation line pointing down along with psar tripped negative? Show me some proof of this buying you speak of regarding BMAS??? TIA

Could actually mean they were hired by the seller here via the filings to dump shares! IMO!

$GMCR ww. Cking out April calls. Feel the fall was an over reaction to last weeks starbucks news.

lol!!!

IMO! That will never happen. They have waaaay too many shares to dump. IMO! This will slowly bleed below a penny unless they temporarily turn off the printing press. Also there is lack of communication with the company which is a huge red flag.

$YGE nice bottom bounce last 3 days. Now currently sitting at a 3.87 resistance. Needs a break here.

$CERN took a lil risk instead. Entered March 75 puts @ .35. 5min/1day chart looking weak and seeing several 100 blocks go thru which many times means shorts are starting to enter. Going to be a nail biter. lol!

$CERN sitting currently on the April 70 put bid waiting to get filled. Showing some signs of weakness and I need a short play to hedge all my longs.

$FSLR up 6% today. Making it a start of a wonderful weekend :)

$FSLR nibbled on a few March calls. Solars moving a bit today.

If this isn't dilution, please explain the increase in the float? TIA :)

H) DJ SEC Charges Prime Star CEO, Consultants In Pump-And-Dump Scheme

H) DJ SEC Alleges Prime Star's Mohlman Issued False, Misleading Press Releases

http://www.sec.gov/news/press/2012/2012-39.htm

H) DJ SEC Charges Prime Star CEO, Consultants In Pump-And-Dump Scheme

H) DJ SEC Alleges Prime Star's Mohlman Issued False, Misleading Press Releases

http://www.sec.gov/news/press/2012/2012-39.htm

Dale is selling not newbs. It's pretty much been proven with the increase in the float last few weeks.

$CHTP looking good today jk :)

I'm all cash now. May still join you in that CHTP strangle. Created a nice watchlist. Now just sitting back waiting patiently for the charts to turn.