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OK now you guys are hearing me. I am telling you, something is going on here. At first, everyday for about 2 weeks, at the end of the day, somebody would hit the high of the day to keep it high, now someone spent more on commission than the stock. On top of the that, in a previous post 3 weeks ago, there was supposed to be news posted in 2 weeks and then nothing. C'mon man. GLTA, averaging down is almost crazy, cuz there's no way you know how bad its tanking on the next day.
Many of those posting negative info about the stock with no fact, are those who have exited with a loss, and await for the stock to crash so they can feel that they made a timely decision. I did notice that the moment I talked about the daily pattern of the price being closed out at nearly the high of the day, it stopped. However we really need to get real about penny stocks. They are generally high risk in every way. People pick them, but almost expect them to act like the low risk ones (if that actually exists). People, get real, its a crap shoot. You are hoping to catch something at ground level, and if you close your eyes and throw a dart at any one of them, they all look promising. Then you have those so-called experts who can predict the next rise. If they knew so much then why aren't they betting their houses, cars, and children's lunch money on it. They are hoping you drink the Koolaid and get in so they can get out. Just like me, one day I am going to sell, and it will be to the highest bidder at the time, who happens to be buying from me because he thinks he's getting a great deal. Even if you got out now, if you're still in the game with another stock, you can lose that just as fast. If you want to play it safe, go put your money in a cookie jar, and see if it ever adds up by itself. It takes some risks to get some gains. Just like most here, everyday it goes down, I think of why didn't I sell, however like many, when it goes up and I have sold, I think, why didn't I hold, the answer..because you didn't. I'm still in, now at over 600,000 shares. I can afford to do this, and maybe you can afford more or less, that's why you should always remember the caveat, only play what you can afford to lose, and that will keep the pressure off. GLTA...GO BYOC!!!!
Starting to really wonder what's going on here, and maybe I don't know enough about it, but it could be bad or good news. I am sure that if you've watched the stock long enough, at the end of the day the stock normally rebounds to near its high of the day. Its happened so often, that I stopped counting. Could it be that there is a potential buyer looming on the horizon. I've noticed that when companies buy other ones, they normally offer a premium over the current stock price. Keeping it inflated benefits the owners and keeps it from crashing down to such a low that everybody abandons it. Or the other side is that its being inflated so that somebody is making 10-25 percent on their investment almost daily. Hmmmm. Just wondering. Either way its time that this company stepped up with some good PR, and I mean fast!
Must admit, this one has been really been a slow mover, but the potential is very real. I have had several opportunities to bail out with a couple of thousand gains, but I'm just not into exiting out with so much upside. Sure, would have been nice to flip and catch the lows, but the allure of this thing going big is just the kind of thing that's making me hold onto my half-a-million shares. There are some things that I would like to see that would instill more confidence in the shareholders, but doesn't that go for every penny share. I don't expect to be an overnight millionaire with one investment, but that's why you buy multiple penny stocks, with the hope that one, if not more, will deliver. It just takes time!! I buy penny stocks so I can dream at night, but keep my day job, so I can pay for the bed I'm dreaming in!
So my half a million stocks aint dead after all. Well I never thought it was anyway. Flippers come and go, but as I said, I aint-a-budging!
Hang in there Chris (in Iraq). We are still here, waiting for our beloved stock to get a little push from some overdue P.R. I'm still holding on to my half a mill shares. I start a new job on Monday so I'm afraid I won't be as active on the boards through the day, but you can believe I will make some noise at night. Keep defending us over there and stay safe (if that's possible).
MillionP you are the man, and you are spot on when it comes to your research. That's the kind of information that people need. However I would like to challenge anybody looking to invest to hit the message board of a falling stock here in penny land and I guarantee you there will be people telling you how much they hate they spineless CEO. When it is on the rise, nobody gives a darn how crooked the man is. Yesterday I got somebody's money because their stock fell so far, they had to get out or risk losing their shirt. I bought it and made over 200% profit in less than 1 hour. I have also been on the other side of this, and it doesn't feel good. That's why I keep telling people to play only what they can afford to lose, then the urgency to bail out isn't so bad. I want the stock to rise like everybody else. When shopping.com started off at 9 dollars a share, how many people made some serious loot when it rose to above 32. I seriously doubt that McNutty feels like he made out like a bandit with the stock being this low. If he is a heavy hitter, I'm sure he's cooking up something, and that something, I'm sitting here long enough to wait on. GLTA
What makes me laugh is that people come here thinking that the existence of penny stock is for the purpose of people getting rich quick. They come thinking that all they have to do is throw a dart at the target and think they will hit a bullseye. Wake up! This is the land where more millions are lost than all the big name stocks combined. However there are some legitimate companies that really are making efforts to grow their company the right way. Some use unorthodox methods, while some go with traditional, either way, it is up to you to do your D/D. Everybody has an opinion about what the CEO should do or shouldn't do. If everybody knew why aren't they running a company somewhere. Today Obama produced his birth certificate, so you think people are satisfied? Not, the naysayers will say "why didn't he do it earlier", or "how do we know it is authentic?" I say "why ask for it in the first place if the latter question is asked. What makes anybody think that just because they pull out of this company, their decision will be better next time on the next stock? Most times you are in such a rush to get your money back, that you end up with less, while the other stock you left makes a turn-a-round. If I am wrong, dinner will still be on my table tonight, but I have done my D/D and I say I'm-a-stayin!
I would like to personally thank each one of you who contributed to my purchase of 150K more shares at .0045. I couldn't have done it without you. Now I'm at around 650K. I missed the last drop, but I was around for this one. Like I said, I don't blame anybody for getting out. This would be nerve racking for me if it were my light bill. If you average out today's 53 total transactions with the slightly less than 2 million shares moved, that's an average of 39k per transaction. Let's say each share averaged .005, that comes out to be 186 dollars per transaction and that includes my 150k shares. I bought those shares after IPLYE crashed allowing me to jump in at .01 and sold at .036. GLTA..I am in till the wheels come off. I haven't made any predictions other than I believe the company's fundamentals are all here and in place. Again GLTA!
Not worried at all about this stock. The last time BYOC was BYOCE, the exited out at .03. They knew how to get back to current then, and they know how to do it now. No matter what happens there will always be flippers, especially when there are gaps in the bid/ask. So the idea that "all the flippers are gone" sounds good, but that's really non-existant. If you think that you are the only one that drops happen too, you couldn't be the more wrong. In fact if you are able to stay close to even and manage to eek out 10% profit you are better off than most of those in this market right now. I know plenty of people who made money in the market, but many more who have lost. No one knows when to get in and get out at the right time. So many pretenders in here who brag about getting in on the very low, and out at the very high nauseate me. If they were so good at it, why are they bottom feeding here in penny land. Don't ever buy somebody's recommendation or ignore the tangible warnings. The best thing you can do is your D/D and you'll rest easier at night whether you've made the decision to get in or get out.
After yesterday's crazy ride, I guess it is a relief for many to watch the bounce up. Cheers for those who stayed and prayed, and congratulations on those who picked up some really cheap shares. For those who bailed out, I hope you choose to get back in at least at the point you got back out, because it is rising, and there is no news, and this thing is full of potential no matter which direction you turn in. I just firmly believe in what's happening here, and until I hear bad news from the managers, I'm not moving!!! With the kind of bounce we see today, wiping out losses over the last couple of days, shows me that when the news gets out, we will be in for a real treat. The history of the CEO demonstrates that they know what they are doing, and I for one, believe in what I have. Microsoft has made over 10 thousand of its employees alone, millionaires (look it up). I own a half a million shares (which is max for my portfolio) along with other stock. All you have to ask yourself is this, do you believe that what you have invested will make you at least that money back. I say, without one degree of reticence, YES! So come what may, I am here to stay.
I read another post that stated that there was no news of significance that supported such a precipitous drop. Speculation of a margin call liquidation on someone or some people's account. There are no schedule pr releases, so it may take a day or two, perhaps by Friday for this stock to return back to where it was. I only wish I had more money to invest at the time. I bought about 20k shares at almost the lows for the day. I couldnt free up enough funds to take the plunge not finding enough information. GLTA
For the life of me, I cannot find a reason
Yep, you guessed it. I'm still right here with my half a million shares. I don't have one sell order, cuz I ain't going nowhere. For those of you who need a lil support or somebody to share your pain. I am averaged in at about 1 cent and I'll be here. I'll be checking in from time to time, but I can't worry about the potential for loss because I believe in the potential for gain. People for goodness sake, I know this is Penny stock, but there aren't enough indicators to let your hard earned money go on stuff you should be already aware of. If you didn't know they hadn't filed in time, you haven't done your D/D and you panicked like one could expect. We have a product here, and it happens to be in a very good market (ADJUICE). I have picked up enough stock on this side of my portfolio to balance with my low risk. Good luck to all who stayed, and all who left, cuz as I always say, only you know what you can afford to risk! Now watch tomorrow, when things r on the rise, newbies will see the rise and come running to get back in...well I say make em pay to get what you tuffed it out for, and then we will see a rise!
That's more like it. Watching a stock drop unless you are short is never a pretty thing to watch. How many times have you watched a stock drop down precipitously, and then recover within the next day. I know I have, and I have been in stocks for over 15 years. People this is a keeper, and I am not trying to pump this stock. If you are nervous, get out..its your money and if you don't do your DD then by all means find the nearest exit. I just encourage those who exit, not to look back a year from now, cuz you'll be kicking yourself.
You guys are welcomed to exit. Only you can decide what you think is best. I don't post much, but I'll be darned if I sell my stock at less than twice what I paid for it. Many of the people selling now are people who got in for what they thought would be a quick flip. Now they are panicking because they think it might continue to fall. That's the nature of not knowing what you bought. Again, I say, I know what I bought, and when the bloodletting is over the stock will rise, and some of the fortunate ones who picked up the chunks of gold at today's low....good for you. I ain't mad atcha! If I can't take the heat, I just turn off the computer and do what I get paid 9-5 for. I'll be here until the wheels fall off.
Don't look now, but maybe some other people heard this. I mean we can blame a lot of things on what we think, but what does the evidence support. Once the quick flippers are gone, than we are the only ones left to blame. There has been no negative news about this stock, so it is way oversold! Until I see evidence that this company is doing something wrong, I just feel that we have a winner. I own stock in a company that appears to be going somewhere. It doesn't have to be as big as groupon to be a success, but we as stockholders (feels good to say that) can be a part of something with great potential. Again I say GLTA, everybody has their reasons to buy and sell, but I'm sticking it out!
Ask yourself this question...do you believe in the stock you bought. Do you believe that the product that the CEO is producing has merit, or did you buy it to make a quick flip. If you bought it for the short term, than roll out. As for me, I realize this is penny land, but I feel good about my DD before I bought it. It's not like we have no idea where the money is being spent if it has been watered down. Other penny stock can't show any evidence that they have done anything. At least we have that. If this is money you need to keep your lights on...by all means collect when it spikes. I'm not here for that. I believe I have found somewhat of a gold mind. However, it needs a little mining, okay, maybe a lot, but I know gold is here, and it aint fool's gold either. GLTA, but I am in till the wheels fall off.
I'm sorry guys, I have to cash out, and hope that I am not making a bad move. I will have to join the fight another day. GLTA!
IMO it is ridiculous to blame everybody else and not look in the mirror. Everybody that sells the stock at one point or another is directly contributing to the decline in the price. It's easy to blame others, but ultimately the plan is to do the same thing as the person who just sold. Most, if not all, buy so they can sell at a later date, and nobody wants to watch their money tank. So either stop watching it, and send yourself an alert when it reaches your price or stop whinning. This company has shown its desire to do something with the money, and it is not whimsical either. C'mon people, we all want to win, but the moment you sell or try and make a quick flip so you can buy it at a lower price, you are guilty as charged. JMHO