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walked away for a little while and SBCO pops 36% on the day......weeeeeeeeee ride the bumpy waves
over bought would have been the correct term. I read 100 charts a day......and MANY times gap ups are a perfect place to play put options.. The funny thing is.....this kind of play has no effect on the pps. Only where I think it will go short term.
the put option volume isnt the greatest.....So I will probably have to exercise my put when it hits to get paid.....these low volume stocks seem to play that way..
thanks for the update
lol The good lord smiles on me sometimes!
I got 20k shares at .021 today... I LOVE these scares... Mr Wedgie helps shake out the weak hands with his fear predictions
pennys are not for the weak... wanna get rid of all your shares to me now?? Your cracking me up...
just bought short term puts off the technicals only. if we hit 4.95 I make money.....I believe thats the name of the game
Never said I knew. Im still happy with my puts here. no short claims just puts
Im not going to argue with you about a stock that has an average volume of around 200k. While you do have limited charting skills imo. Youre applying charts to a stock that moves on air and news. IMHO youre wasting your own time. Volume dictates everythign in penny land. This particular stock is still a shell with no assets. Of course it will move on air ........ UP OR DOWN... Over bought or oversold mean nothing on news driven shells. Once we have official assets here. Your charting might be applicable. Until then your just wasting time.
loving my puts here.
FILER: HASTINGS REED
TITLE: Chairman of the Board
BROKER: MERRILL LYNCH & CO INC
RESTRICTED SHARES TO SELL: 76,500 DATE REGISTERED: 2/24/2012
APPROXIMATE DATE OF SALE: 2/23/2012
The Form 144 is filed with the Securities and Exchange Commission to
reflect the intention of any holder of restricted stock to sell those
shares. After the 144 is mailed to the S.E.C., the filer is permitted
to sell the shares, or any fraction of them, within 90 days.
NFLX
its part of the game. Wouldnt worry...I just keep sucking up the ultra cheap ones. Guess Im a rotten bid sitter.
thanks for the cheap shares! dont know who sold them but thanks
lol I hope this does drop. for my own benefit
Morning to everyone!! Anyone else notice Mr Wedgie never seems to answer my questions? I think he has to go read the book someone wrote about wedgies before he can answer.
thank you .....very insightful posts. Person mark for you sir.
My comments were based on the chart only. To further expand on my thinking here. Bio tech plays take years to happen. When I see 2 gap ups on a chart it makes me wonder why. No Im not a basher. The gap ups could be from fantastic discoveries or news of some type of cure. The only information I read on this one was warrants to be exercised eventually. On my first post I put a question to this board and was ridiculed. My comments were based on the techs of the chart. I know nothing about the company. I neither bash nor promo companies unless I know what I am talking about.
imo your play is solid looking at the chart. I bought puts on the options. While not as aggressive as shorting the result should be the same if what I see on the chart happens. From record volume to loss of intrest on volume. Spells tankage
I guess you choose to be sarcastic when I was asking the board a question. Yes I am new to the board and simply looking for information. This is way overbought atm. Perfect short candidate by just looking at the chart.
I suggest you do some research on McZeal. Hes been taking clients money and not representing them in court according to claims on the internet from some of his clients. Sounds like a story out of American Greed. McZeal is the actual CEO of pgie...Do you really believe he is innocent in the pgie scam?
By Steven Russolillo and Kevin Kingsbury
Hope you enjoyed the Netflix rally that kicked off 2012. Now it's time to
sell, according to one investment bank.
That's the advice Raymond James is recommending to clients this morning after
downgrading the stock to "underperform" from "market perform."
"While we expect Netflix to remain the clear leader in digital streaming, "
the online video distributor's subscriber growth "could prove more
challenging," Raymond James says. And the streaming space is expected to get
even more competitive, which will push content costs up and cause "low
long-term streaming margins," according to the firm.
Netflix's hold on the online streaming market will face significant tests in
the coming months as competitors launch similar offerings. Comcast announced
last week it would unveil its own online subscription service. It will cost
$4.99 a month for most Comcast subscribers, cheaper than Netflix.
Meanwhile, Amazon has been striking content deals with various studios for
its streaming service, which is available for customers who splurge on Amazon
Prime. Dish Network has its own service and Verizon is expected to launch
something similar with Coinstar's Redbox later this year.
Based on its 2013 estimates, Raymond James says Netflix's fair value ranges
from $70 to $104.
I am curious as to your comment. Even though I am sure I will regret this question. Your claim as to "aggressive bears" how do you view zero volume as aggressive anything? I also have another question? why do you continue to post here? Not one person on this board agrees with you in any way. so far you have been 100% wrong. Are you trying to increase your average or maintain it?
mornin everyone! just got here. Looks like we need some action from Karen.
you are correct.
New here. What does everyone here think of NFLX puts with all the bad news recently?
Top 10 reasons not to buy PGIE stock.
10) Almost everyone else wishes you would so they can get rid of this bag.
9) Doolittle needs to go on a diet. Buying stock here gives him more money.
8) Gandy allready lost peoples money in Cmoney. He wants your money now.
7) McZeal is rich enough from the money he got up front.
6) Started as a chicken ranch. (TSAS) Then changed to oil?
5) Chicken had oil..... PGI energy has none
4) What part of the business plan was I supposed to look at?
3) Dolittle thinks trading means swapping his watermelon for Ribs!
2) McZeal a lawyer? hummmm how did he forget he couldnt practice in another state he is not licensed in?
And the number 1 reason not to buy...
1) You cant!! Its stopped by the SEC!!!
would the last person to leave NFLX please turn off the Television and the lights?
The facts speak for themselves. You have claimed to be a friend of Gandys. You showed everyone on this board dividend payments way before anyone else here got them. Gandy has not told the truth in one single PR. PGIE has not followed through in almost every attempt with J/Vs. People who contacted the "others" in the Joint ventures found out that PGIE was allways the one who backed out due to non funding issues. They were able to fund one teeny tiny JV with home creek. Come on now.... I could have funded that with my play money. It was a joke. They did press releases on everything from scrap metal to transportation.. Then we find out they dont even own a truck. They were going to sell oil rigs. Yet they didnt fund Jose Macias to build them. I could go on and on here but its not worth it.
Now the new facts are what I said was going to happen. No listing in Berlin. (check my past posts) .0001 pps (we are there) I stated no dividends would be paid. (was right until Gandy got a scare from the SEC). The divis would be worthless. (they are).
New observation here. We all know PGI is finished. We also know McZeal has a new shell..Irce. Connect the dots. From Cmoney to pgie to Irce.... Wash rinse repeat. Steal everyones money over and over again. Your so called friend is nothing more that a half a**ed con man.
So no one is concerned here that Thomas Hodge sells all of his shares? Im trying to determine if the warrants are coming next? I dont see anyone too concerned about possible dilution here? I cant find a reason for the spike in price on the gap ups?
lol you crack me up ZU
lol you crack me up ZU
the bottom line I agree with you here. This doesnt appear to be a scam to sell shares. Most pennies are. There are currently 2 sides I see. Those of us who are trusting in Karen buy and hold. Most experianced traders dont trust any penny stock. Which is a good policy. However if you find one that is really working to become a revenue producing company. THAT is where the huge money comes in. I think many are waiting in the wings to see if the CEO continues to update and upgrade the worth of this...(which atm is still a shell until I see an 8k or an S2 or an N2 filing) Then we have a company we can put a valuation on. Karen having extensive knowlage of NASDAQ listings knows this. The ball here is totally in her court.
happens all the time on fridays in pennies. not uncommon... Friday is allways my buy day
dunno but Im getting more happy by the day...I hope it stays like this for a while ...accumulation for me
Might want to notice something here. The SEC halted all trading on PGI energy.... Should tell you something about McZeal. Hes a crook
hes lovable
Insider selling on the news on NFLX!!
to be fair. Most of these take longer than the CEOs anticipate. Yes we have a month left according to her update. 5 bagger at that point.
Shouldnt someone be screaming to Mr Wedgie we are up 22%???
me too ....ceo said 4 to 6 weeks.... Wouldnt suprise me to be 8 week area. I dont know how far she had gotten into the process. No news means she is working on it. Would rather see a few updates than to see a PR every other day....I dont like phoney pumped up garbage. This one seems to be real.