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Tut,
That was the wrong page. PVSP is listed as PVSP.PK on yahoo finance. That PVSP.OB was last traded a year ago. Here is a more accurate link for you.
http://finance.yahoo.com/q/ks?s=PVSP.PK+Key+Statistics
yeah, I just could see all of a sudden everybody starts speculating about how PVSP is the video component for GetHired given the Mark Richards said "interesting" and this happens to launch extremely close to our expected news here.
Its kind of like that game telephone. I start by telling you that I'm having beers tonight and 30 minutes later my message gets back to me by someone else asking how I survived an attack from bears with lasers earlier tonight.
Trust me, after my first run in with bears and lasers, I'll never make that mistake again. haha.
holy crap. I just realized I said "interesting" and alot of you have been using a Bill Clinton 'depends what your definition of is is" mentality around how to define "interesting." What I just posted about GetHired has nothing to do with PVSP to my knowledge. Please don't misconstrue what I just said. Poor choice of word on my part, I just thought it was relevant to the industry and further showing more demand.
This is interesting.
http://www.applevalleylocal.com/category/technology/
GETHIRED NABS $1.75 MILLION TO LAUNCH ITS VIDEO-CENTRIC RECRUITING PLATFORM & JOB BOARD
JANUARY 30, 2012 ADMIN NO COMMENTS
Paper resumes are — or should be — going out of style. They rarely give employers a complete profile of a potential hire, they’re filled with abbreviated bunches of value-less buzzwords (or in my case, action verbs), and the thought of them makes trees cry. You don’t want to make trees cry, do you? No, you don’t. So many companies are turning to alternative, technological means to find the right candidates for job openings, some using algorithms, ranking systems, SaaS solutions like Taleo’s, and more. In fact, one in six are now finding jobs on social networks.
What kind of user generated content is often found posted to social networks? Video. Facebook was, for a time, the number three video site in the U.S. Furthermore, we’re telecommuting more and more frequently, using Skype, Google Hangouts, Facebook video — you name it. Videos are helping startups to explain their products and goals. So, when applied to the hiring process, it would make sense, then, that job videos can enhance the process, for both sides, right?
This is the bet being made by a young startup, founded this year and based in Palo Alto, called GetHired. The startup is today launching a video-based, social recruiting platform and job board that is looking to empower job seekers — allowing them to set themselves apart from the competition — by creating video and audio profiles to accompany their resumes. On the flip side of the boardroom table, GetHired believes that its platform will help employers more effectively discover and manage their applicant pools.
To help it along in its mission, accompanying the launch of the platform, GetHired is today announcing that it has raised $ 1.75 million in seed funding from a host of angel investors, including CEO of the Global Environment Fund, Jeffrey Leonard, former CEO of Discovery Communications and the former Under Secretary of State For Public Diplomacy And Affairs, Judith McHale, CEO of LegalZoom.com, John Suh, and Mack Capital CEO, Ralph Mack.
With its seed round in tow, GetHired is looking to be the first job board to really focus seriously on video by enabling users to embed video and audio capabilities directly into the platform so that users can replace stale cover letters with more personal, dynamic responses to employers’ pre-screening questions that kick off every hiring process.
GetHired thus allows employers to, at no cost, post open positions online in conjunction with existing job boards, ask pre-screening questions for specific postions, and hopefully search for and pre-screen candidates more efficiently, while starting and finishing the interview process online, in realtime. With video, employers can turn a static pile of resumes into real, human candidates.
And addressing the same issue StartWire is looking to disrupt, GetHired allows job seekers to access realtime updates on the status of their applications, alerting them when an employer shows interest, all the way through until the opening is filled. Applicants hate when they spend hours filling out job applications, only to never hear back — and because this is a notorious problem — many don’t waste time going overboard on their applications. With video and a more multimedia-focused approach to applications, applicants may just be encouraged to spend that extra time.
As for job seekers, GetHired enables them to create a personal video introduction to accompany their resume, or create a public video to use as a form-intro when applying to multiple positions, follow their favorite companies so that they can get updates on any new jobs posted, or upload their interview availability in realtime, so that employers can hop on the early birds — and schedule meetings and interviews in realtime with GetHired’s scheduling features. From video resumes to video interviews, it takes the paper resume and phone interview to the next logical step.
GetHired has a clear and universal value proposition for both job seekers and employers, and it will be interesting to see if white labels its platform, or turns it into SaaS, though it looks like it’s going to be more of a public-facing Indeed.com with video, at least at the start. Either way, the resume is dead, or at least dying a lengthy, prolonged death, and it’s being replaced by more dynamic approaches to hiring and putting your best foot forward. Employers want to connect with people who are talented, yes, but also who they know they can work with day in and day out. Video is just one piece of the puzzle.
It also helps that, at least initially, GetHired is free both for job seekers and employers. However, the company plans to charge employers to post jobs in the future, starting at around $ 25 a job. The startup’s sizable round of seed funding enables it to launch as a free service, giving it latitude and some time to scale and attract employers and job seekers. Once it does so, no doubt we’ll see the company’s revenue streams come into play, starting with charging for job postings.
As with so many other startups grabbing early funding, GetHired will use its seed round to ramp up hiring (it currently has 14 employees), specifically of engineers, and going after that essential customer acquisition. Also, worth asking this rhetorical question: Why do so many startups emulate Facebook’s UI? Is that really necessary?
For more, check out GetHired at home here.
yeah... it was still basically/mostly an insider transaction. Given that the Ojo isn't Neomagic's only product, not even close actually, you really aren't saying anything too concerning.
Good game though.
Alright Arthur, I'll bite. What are you even getting at here? 6,000,000 shares were issued but a good chunk of those shares are now held by company insiders which to me says its not toxic financing. Not to mention Neomagic has no direct impact on PVSP. There is a relationship between the two companies in that Neomagic sells products on behalf of WGAT and PVSP, but when company insiders are the ones buying/acquiring the shares, I hardly see that as a red flag. In fact since the CEO is acquiring alot of those shares it tells me there is something strong going on at that company which may have something to do in part with the sale of PVSP service. Also, even though it appears to be dilutive by 6,000,000 shares, IHUB has NMGC.PK showing a share count of only 64,000,000 shares which is relatively low. Since I know you typically have very little (Read: nothing) positive to say when on the PVSP board and you have made that clear... what are you trying to show in posting that info on Neomagic?
I have used fidelity and Scottrade. With fidelity I have been happy so far as pennies are concerned. With scottrade I don't trade pennies partially because I swore I would never trade another penny after PVSP (got burned a time or two), but also because scottrade requires an additional commission on stocks less than a dollar. Fidelity requires a flat rate regardless of the stock, but the investor services are not as good.
I can't speak intelligently beyond fidelity and scottrade, but overall scottrade has been significantly better overall while fidelity paired with yahoo finance has worked for me on the few pennies I ever did trade. Thats my opinion if you are looking to switch borker services.
Cool. Thanks.
Pistolpete,
Is what you posted about VoX hiring new? I didn't see a date of post/update on the website and was just wondering if that isn't something that has been there for awhile already. Is that something you were checking frequently that just showed up in the last few days? Just curious. Thanks.
He might be under the same impression I was under before poot brought that to my attention honestly. Granted I've only been at this trading game for about 9 months and have only really been successful in the last 3-4 months, I have also been reading just about everything I can (especially on shorting cause it is riskier) and that was the first I heard about shorting stocks under $5.00.
Mark is a CIO, not a broker, so he might have just had the same misunderstanding I had.
Poot,
Out of curiosity since this is the only penny I trade I tried to enter a short order on a random penny stock and scottrade told me to piss off and I couldn't do it on stocks under $5.00. So I stand corrected. That is the first I had ever heard of any of those rules on shorting.
So in penny land, you cannot bet against a stock at all other than to be in an out before it has time to come back down?
I know what I was saying was correct on stocks over five dollars, and me clearly sticking my foot in my mouth shows that I really don't do the pennies ever.
But 2.9 million shares were traded outright. So with a 40-ish percent short ratio and the stock still managed to climb, don't freak out about the amount of shares shorted. Any damage they could have done is done, which means in the future 1.2 million shares will need to be bought to cover.
This is kind of expected to happen in penny land. Thats why I stay out of them with the exception of PVSP, which I stated earlier is kind of my pie in the sky stock.
yup
Meerkat,
That cracks me up. The fact that you even implied the government could run in an efficient manner.... oh jeez, I peed my pants I'm laughing so hard.
I have worked for some form of government (military, contractors, etc) for almost 10 years now. At the risk of sounding pessimistic, once lightsquared showed up in the news for a federal issue, I pretty much discounted the fact that Lightsquared would do anything for us anytime soon. I remember one time in the military I got sent to the airport on the way to Cali for some training and was told to "see if they have a ticket for you yet". This is why I am now going to school... I hope I can one day leave the government work behind completely.
I agree with your logic, but as soon as the government got involved I pretty much wrote it off as something that may never happen.
Madeindet,
The shortvolume.com basically shows of volume in that day, how many shares were sold short. In other words, how many shares were sold as borrowed shares in the hopes that the stock price falls.
They still count as regular sells for the purposes of RSI and such. Which means they can cause a sell off which will crash a stock. The crash in 2008 was in part so bad because of unregulated short selling. In 2008 there were no rules about when you could short a stock. So once the market started going down, traders kept shorting everything and dragging it all down further.
Prior to 2007 I believe (don't quote me on the year) you could not short unless the stock was on an uptick, which would prevent shorts from running any stock to the ground in daily feeding frenzies. But a short could also be a real asshole and bust something on their own. George Soros is credited with breaking the bank of England and the pound because he shorted something like $1 billion of the pound. This is also where pump and dump schemes come into play. Some people will collaborate and create an artificial run on a stock and then short it in huge numbers at an unsustainable level causing the stock to crash and they take profit.
The rules now are called the "circuit breaker" rules. You Don't need an uptick to short, but you can not short if a stock falls more than I believe its 10% in a day, and there are more provisions to it as well, but I don't know them all off the top of my head.
The last thing is when the shorts have got their profits, they buy to cover unless they think the company is actually going to get delisted/go bankrupt. I never understood why someone would wait that long unless to stroke their own ego, but that is a mathematical concept and I am not wearing my happy pants right now to discuss that. But what I am getting at is if the shorter isn't trying to ride the company to bankruptcy, they eventually have to buy to cover. These once again show as regular buys which can now cause the stock to run. Think about mid 2009 when the market started going up again. Alot of that was shorts covering positions and creating buying pressure.
You can call your broker and actually request that your shares not be borrowed out for the purpose of shorting, but there are some weird ass rules involved to do that. I looked into it once and decided because I don't hold large enough positions for that to be effective, and also cause my head spun when I looked into the rules, that I would never do that.
poot...
it might be because I'm sick and delirious right now, but I think you are not up to speed on what is meant by short. Maybe I didn't understand what you were saying but it sounds like you think shorts are traders who are in and out of a position before the three days it takes to settle a trade... Am I interpreting that correctly?
What it means to go short on a stock is basically to bet against it. So if I think XYZ is gonna go up, I take a long position and buy low and sell high. If I go short then when XYZ is $100 and I think its gonna go down, I short the stock, thus profiting off of the fall of the stock. When you go short on a stock you have to "buy to cover" your position. Basically you want to buy back the shares you borrowed to sell at a higher price. This is where you get the term short squeeze from. When a stock has a large amount of shares shorted two things happen... First, those that are short need to buy to cover their positions which creates a boost in buying demand. The second thing you will see is a lot of shorts jockeying for position so they don't get screwed out of their profits. Usually this is a sudden news driven event that occurs, but sometimes shorts will just hold on too long.
I don't disagree with you at all on that. The reason trend following works is because there are enough people out there trading fundamentally that people can trade off of trends and technicals and still be profitable by following the crowd of fundamental traders. I suck at fundamental trading... thats why I do the technical and trend stuff.
But lets face it, when the CIO on a nationally syndicated show tells shorts "I wouldn't do that if you knew what I knew", I'm along for the ride. If it bites me in the ass, well then it only further validates my belief to never look at the PRs and just trade technically.
Madeindet,
I don't disagree with you but RSI isn't one of the things I watch. I've seen it several times where RSI will hang out around equilibrium and the price will still be going down or up. All RSI notes from my understanding is basically a ratio of buying to selling. Its not definitive enough of a tool for me personally.
I see alot of people talking about the 50/200 crossover as well. One thing I have noticed is coming out of a long time downturn like this stock has been in, the 200 will still be getting pulled down even as price action and the 50 go above it. I don't give much credit to the crossover until I see a momentum when the slow average value is higher than it was 7-10 days prior. That when I start to believe the 200 average has really indicated an up trend/trend reversal. I still use the crossovers as entry and exit signals, but I definitely keep an eye on it until I see the momentum that I just described on the slow twitch average value.
Pepi,
People trade for a variety of reasons. I mainly do TA/Trend Following, PVSP being my only exception. When most people short stocks, its not that they actually believe the company is going under, its that they think that is the best way to make money on that stock at that time. Look at johnson and johnson when there was a recall on Aspirin or Tylenol a couple years back. Johnson and Johnson is a huge company and its adverse temporary earnings on its painkiller alone is not enough to sink the company. Regardless, the stock still retraced like 30% or something ridiculous (i'm doing this all from memory so please pardon the vague numbers).
Chances are what you are seeing is people are shorting because PVSP has had almost too good of a week and consolidation is almost guaranteed to happen at this point. I personally have too big of a position in PVSP to jump back and forth long and short, so I am just riding this one long as my pie in the sky dream. From the fundamental standpoint, alot (I don't think all) of the CD's have been retired and the company is really starting to promote itself. I would bet with CDRG MM showing up who mostly deals with dark pools and hedge funds as I was reading from I think it was from madeindet, I would say the short interest you see coming in at this point is people counting on a retrace. It looks like CDRG is buying to cover for hedge funds. This is just my opinion though. As someone who shorts stocks, I only do it to ride trends and make money when the market goes bearish. Most are the same way I would believe.
The other thing that I think is being overlooked is that on the last run in may to .09, any body that shorted would have been at a 90+ per cent gain at the low point. Given that when you go short all you can do is make 100% gain max, I doubt very many shorts would have been holding on that much longer and tying up that much capital. I know I wouldn't. Its just a law of diminishing returns. All of this is just my opinion though. When I break out of my TA/trend following stuff I'm usually not very good at guessing where things go next.
Slow down turbo. We still have a long way to get there. The following is from Investopedia.
Listing Requirements for All Companies
Each company must have a minimum of 1,250,000 publicly-traded shares upon listing, excluding those held by officers, directors or any beneficial owners of more then 10% of the company. In addition, the minimum bid price at time of listing must be greater than five dollars, and there must be at least three market makers for the stock. Each listing firm is also required to follow Nasdaq corporate governance rules 4350, 4351 and 4360. Companies must also have at least 450 round lot (100 shares) shareholders, 2,200 total shareholders, or 550 total shareholders with 1.1 million average trading volume over the past 12 months.
In addition to these requirements, companies must meet all of the criteria under at least one of the following standards.
Listing Standard No. 1
The company must have aggregate pre-tax earnings in the prior three years of at least $11 million, in the prior two years at least $2.2 million, and no one year in the prior three years can have a net loss.
Listing Standard No. 2
The company must have a minimum aggregate cash flow of at least $27.5 million for the past three fiscal years, with no negative cash flow in any of those three years. In addition, its average market capitalization over the prior 12 months must be at least $550 million, and revenues in the previous fiscal year must be $110 million, minimum.
Listing Standard No. 3
Companies can be removed from the cash flow requirement of Standard No. 2 if the average market capitalization over the past 12 months is at least $850 million, and revenues over the prior fiscal year are at least $90 million.
A company has three ways to get listed on the Nasdaq, depending on the underlying fundamentals of the company. If a company does not meet certain criteria, such as the operating income minimum, it has to make it up with larger minimum amounts in another area like revenue. This helps to improve the quality of companies listed on the exchange.
It doesn't end there. After a company gets listed on the market, it must maintain certain standards to continue trading. Failure to meet the specifications set out by the stock exchange will result in its delisting. Falling below the minimum required share price, or market capitalization, is one of the major factors triggering a delisting. Again, the exact details of delisting depend on the exchange.
Read more: http://www.investopedia.com/ask/answers/121.asp#ixzz1jNddtT00
No problem. Have a good weekend.
http://otcbb.com/dynamic/tradingdata/daily/graduations.htm
That link shows the "Graduation List" of stocks from the pinks to the big boards.
Madeindet,
The kind of TA I do doesn't really work on the pennies because they have a tendency to swing so violently. That is the reason why this is my only penny stock. What I use is a fast twitch EMA crossover and a slow EMA. I use the fast twitch as a indicator to get in and out of stocks (long or short) and the slow EMA tells me which direction to play. I never play against the slow EMA. so if I have a bullish cross above my Slow EMA I enter a long position. If I have a bearish cross but its above the slow EMA I don't go short cause the overall trend is up. Its kind of a trend following/TA hybrid and it has been pretty effective versus all the other trading styles I tried.
So with that windy answer, I don't have a price target. According to my style of trading this thing is geared for a run and definitely showing a strong uptrend. But when I set price targets I found I end up getting out too soon or holding for pie in the sky.
Also, sorry for the delay of response. This semester looks like it is going to make me its bitch so I went out for drinks after class last night before 5 calculus based classes kick me in the metaphorical nuts.
Easyme,
One of the things I think is going overlooked here is with all of the CD's that we know have been retired, maybe not all, but a good chunk of them, we are in the season of earnings reports. Our last one was in october or november which means a new one should be coming out soon. Given that a lot of CD's have been retired and we now have G3 actively advertising and marketing with speculation about South Africa and domestically, the big news might not be something sexy like airtime but rather something fundamentally significant like the company has finally become profitable.
This is purely speculation on my part though, which is the mother of all bitches. Truth be told, this is the only stock that I play looking at the company and where it could go anymore. Everything else I do is Technical Analysis which I am better suited for. So don't take my opinion as Gospel by any means.
No problem. have a good one.
Meerkat,
http://bigbizshow.com/
Look at the left hand side, you'll see a sidebar with a video and audio tabs. Click on Audio, it was in hour two of todays show. About 20 minutes in.
When I saw the article on VeeVoip.com from Dec 8th about Pervasip may be providing video for Parker and Fanning's next venture, I thought it was one of the cheerleaders on this board that got a blog onto some site. Then as I was clicking around on the internet this evening, I noticed the article below. Apparently VeeVoip is now considered a PR Newswire contributor. Though everything is still speculative at this point, knowing that VeeVoip is a PR Newswire contributor adds a little more weight to the possibility of an Airtime/Vox connection.
I don't know if this has been posted yet, but I found it interesting in light of the Dec 8th article.
VeeVoIP Acceptance into PR Newswire
VeeVoIP is pleased to announce the acceptance of invitation to PR Newswire.
PR Newswire started out in 1954 as a vendor hired by companies and agencies to send out text press releases to the media. Today, PR Newswire is hired by corporations, public relations firms and non-governmental organizations to deliver news and multimedia content. Recipients include the media, consumers and investors who access the content via the Web, RSS, e-mail, satellite, equities terminals (such as Bloomberg and Reuters), and direct feeds into newsroom editorial systems. The headquarters are in Lower Manhattan, New York City.[1]
Public corporations in the United States, United Kingdom, Canada, and other nations, use PR Newswire as a method of reaching the investment and financial news community with important news and announcements, thus achieving the standard of “simultaneous disclosure” required by financial markets and regulatory agencies.
Headquartered in New York, PR Newswire has offices in 16 countries and sends news to outlets in 135 countries. The company has several brands and services that include ProfNet, eWatch, MEDIAtlas, MultiVu, U.S. Newswire, Vintage Filings, MediaRoom and MediaSense. It also has agreements with global news agencies such as Bloomberg, the Associated Press, Dow Jones and Thomson Reuters to send information directly to newsrooms worldwide. PR Newswire is also partner with the African Press Organization. PR Newswire is a subsidiary of United Business Media Limited of London.
PR Newswire offering to VeeVoIP
- Distribute to the iReach syndication network of 1,000+ websites
- Make your content findable by search & news engines (Google, Bing, Yahoo!)
- Take your content viral via our embedded social media toolbar
- Post to PRNewswire.com, the newswire industry’s most trafficked website
- Drive traffic to your website with live site preview
- Reach subscribers and bloggers with RSS
- Optimize your message with an image
- Leverage your message to get links from authoritative websites
- Measure visibility via PR Newswire’s ReleaseWatch™ reporting
- Get in front of 1,000s of followers of PR Newswire’s industry specific Twitter feeds
- Boost your message’s real-time search visibility
- Post your content to PRNewswire.com, the industry’s most trafficked search engine visible website. Independent research shows PR Newswire’s website has the most unique website visitors and the highest rate of search engine referrals in the industry
- Optimize your content with a photo or image. Research shows that content with images get more search engine and media pick-up than those without
- Syndicate your content to the iReach online network of 1,000+ sites – dramatically expanding your reach and establishing powerful backlinks from authoritative websites that will greatly increase your site’s visibility
- PR Newswire hosts your content forever, giving it a keyword-rich permanent URL to help people find it and to optimize it for search engines
- Get great search engine visibility on top search engines (Google, Bing, Yahoo! and others). – —- – PRNewswire.com’s highly optimized site structure helps to ensure that all of your content distributions get premium placement for search engines (and, as a result, searchers!)
- Take your message viral through PRNewswire.com’s embedded social media toolbar. Make it easy for readers to spread your news through Facebook, Twitter, blogs and more with social media functionality on each of your content distributions
- Reach the most relevant audiences when PR Newswire tags your content for the right industries, subjects and geographies, making it easier for online audiences to find your content
- Take advantage of PR Newswire’s ReleaseWatch™ report, which automatically sends you links to the sites where your content appears within two hours of distribution
What the hell?
I am watching this and the bid and ask both got zeroed out on scottrade, fidelity and yahoo finance? What kind of crazy communist crap is this?
I need a beer and it isn't even noon yet for me. Bu the good news is at least I have broken even from back in May, so it will be a dual purpose beer. Half celebrating, half being annoyed with my trading services.
http://www.telephonyworld.com/news/pervasips-vox-communications-subsidiary-to-exhibit-at-comptel-plus" rel="nofollow" target="_blank" >http://www.telephonyworld.com/news/pervasips-vox-communications-subsidiary-to-exhibit-at-comptel-plus
Anybody seen this? The article is dated Aug 27, 2011, but in the article it says:
"VoX Communications Corporation, will exhibit at Booth #39 Sunday through Tuesday, October 5 through 7, at the upcoming Comptel Plus Fall 2008 Convention and Expo in Orlando, Florida."
Is there a typo (whoever wrote this forgot what year it is) or is somebody just randomly posting old news?
Ok, I'm sure I will be called a basher and everything else, but I would like to put some perspective into things so other investors don't get sucked in by the hype like I did back in may and now I am holding 41,000 shares of hype.
Ok, so on a search of effectiveness for HSN/QVC I found the website below. I will admit that the website is from 2005, and the information is probably outdated, but for cursory calculations and the downslide of the economy, I would bet this information is still correct with small error.
So here is my analysis. The population of the US is 300 million. according to the web page below, 12% watch home shopping channels of some sort (QVC, HSN, etc). So calculation one:
300 million x 0.12 = 36 million.
So the statement about 96 million viewers tells me this is already some crap. That is cable viewership. So right off, people projecting one percent sales of 96 million is rediculous. 36 million viewers still seems like a high number to me, but we will use it anyway.
Next, HSN ships 50 million products per year, QVC ships 138 million. This sounds promising. Until you figure out HSN offers 25,000 products per year, QVC 50,000 products per year.
So from this I get calulation set 2:
HSN: (2 / 25,000) x 100 = 0.008% where 2 is PVSP products offered divided by products offered in a year, multiplied by 100 to give a percentage.
QVC: (2 / 50,000) x 100 = 0.004%
So 1% of 96 million is a bit rediculous to say the least assuming sales of products at even pace allows for the magnitude of 1000th's of one percent. Though I understand not all sales will be uniform across each product, I will play nice and double each percentage to assume this product is 'hot' and sells double what is calculated above. so HSN and QVC are 0.016% and 0.008% respectively.
Next, multiply those percentages by total products shipped and we figure out rough end what should be product sales by the end of the promotion.
HSN: (50 million products shipped) x 0.016% = 8000 PVSP products shipped
QVC: (138 million products shipped) x 0.008% = 4000 PVSP products.
Given that we know 5,000 phones gets the company to break into profit zone, these numbers are still promising. One gives us 8,000 new customers, the other 4000. This is assuming the promotion brokered is on HSN or QVC. I'm not betting the bank on that being the case though considering all of the myspace and facebook hype that happened here a while ago. If anyone has confirmed information on what channel we will actually see this on, please let me know.
My final thought on this issue is that yes, I believe a HSN or QVC deal will be beneficial to PVSP and bring us significantly closer to profitable, if not actually profitable. However, whoever is spitting out numbers like 960k new customers (cough... GJONETTO), please stop because that kind of bull crap hype screws new guys to the game like me a few months back, or it makes people believe this thing is so hyped that it has to be a freakin scam.
As for me, I own 41,000 shares at 5 cents. I believe this thing does have some potential based on my numbers reseach, but this stock was my first trade and I keep it in my portfolio as a reminder to me to never be an idiot and buy into hype again. hopefully I can recoupe my losses at some point, but the value of this stock for me was my lesson learned.
http://shopviatv.tripod.com/" rel="nofollow" target="_blank" >http://shopviatv.tripod.com/
USMCZ,
Thanks for staying in. After 6 years I had enough of the garrison crap so I got out. Loved being in the field/deploying, just couldn't stand garrison anymore so I applaud you for staying in it. One of my buds from back home was in 3/5 at the time you were in it. Did you know a guy that went by the nickname Pizza?
Also, right now I am watching this one and have not actually taken a position on it. Fridays bad economic news screwed up the whole market. What is your take on the down slump though. Over the 6 month chart it looks like a slump induced by bad news but still managed to stay above recent highs. Do you think this is the emergence of a new support level or does it look like the beginning of a emerging downtrend. Have you been watching this stock long enough to see how the group think here is involved in its stability? Thanks.
USMCZ,
I just noticed your picture. Are you a Marine EOD tech? If so, when were you in the school house? Just curious to see how small the world really is and if me and you were there at the same time.
Also, I know you were asking the other guy about other stocks to look out for so i figured I'd throw in my two cents FWIW. I like the prospects of CLWR. It has broken a downtrend and received alot of positive press recently going into its earnings report. I also like what EMA's 50 and 200 are looking like going into the earnings reports.
Take it easy.
Tfifeco and Gjoneto,
Thanks for tutorial. I got the chart loaded. Anybody got any thoughts on my line of thinking?
[URL=http://imageshack.us/photo/my-images/580/pvsp2monthchart.jpg/][/URL]
Ok, retrying this one. Hopefully it works this time.
So I am trying to post a picture I did up on the charts with MS Paint. If it doesn't come out right, my apologies. I'm still relatively new to the trading game and would like some feedback if anyone has a minute to spare.
So according to this chart (2 months, ending on June 23) you can see two triangles forming. From my understanding when two converging lines get close enough to each other it indicates a breakout is imminent. According to this chart and the technical analysis I am observing, this thing should pop to the next level and establish new support and resistance levels by July 8. My opinion is that it will do so by between July 1 and July 8.
The other possibility I am seeing is we are in a developing trading range between .04 and .055. I personally am leaning more towards the triangles. Partially out of beginners optimism, but more because we have two traingles forming and converging within a a week of each other when extended beyond the chart.
Any thoughts?
Ok, this thing isn't letting me post a pic for some reason. When you click on the image icon on the left, you insert the file path and file name in between the text that appears right? Or is there another way to post a picture?
Yeah, its just giving me the red x. Let me screw around with it a little more and see if I can't get it to show up. the girlfriend called and I got sidetracked as I was finising posting that thing.
So I am trying to post a picture I did up on the charts with MS Paint. If it doesn't come out right, my apologies. I'm still relatively new to the trading game and would like some feedback if anyone has a minute to spare.
So according to this chart (2 months, ending on June 23) you can see two triangles forming. From my understanding when two converging lines get close enough to each other it indicates a breakout is imminent. According to this chart and the technical analysis I am observing, this thing should pop to the next level and establish new support and resistance levels by July 8. My opinion is that it will do so by between July 1 and July 8.
The other possibility I am seeing is we are in a developing trading range between .04 and .055. I personally am leaning more towards the triangles. Partially out of beginners optimism, but more because we have two traingles forming and converging within a a week of each other when extended beyond the chart.
Any thoughts?
tfifeco,
Be prepared to take a hit at the end of the day. it doesn't always happen, but Fridays in pennyland usually mean every body sells off their positions so they can go drink beer over the weekend. Don't freak if we go as low as .039 at EOD. it will reestablish itself over the next week higher than the close on friday.
I saw you were getting advice from the other guys for technical analysis earlier this week too. I read a book that was very helpful to me if you want to go check it out at your local library or go pick it up at borders books or something. its called "Getting Started In Technical Analysis" by Jack D Schwager. Its not the most contemporary, but it gives a good foundation in technical analysis. I believe the other guys gave you some good links as well. I personally prefer reding from a book versus a computer screen. Reading from a computer screen makes me go Bat Sh** CRAZY. Anyway, I didn't really have any help when I started getting into this stuff and I'd hate to see you starting off making the same mistakes I did. Just trying to lend a helping hand where I can. Take it easy.
tfifeco,
If I am understanding correctly, you are brand new to this trading thing altogether. Just a friendly piece of advice, look at stops and trail stops. I'm still kind of new myself but have secured profits and minimized losses with these two tools. If you know what these are already, please forgive me, I'm not trying to talk to you like you are stupid.
A stop basically allows you to get out of a position when it starts losing without you having to freakout and go crazy. A trail stop follows the high of the stock and readjusts your stops when you get higher and higher. once the stock falters back whatever percentage or dollar amount you designate, it triggers a sell and locks in your profits.
This strategy does not apply to penny stocks in most cases. I have yet to find a broker who allows the use of stops and such for penny stocks. But for stocks other than pennies it is a good technique to look at. If you already knew this, sorry, not trying to talk stupid to you. If not, hope this helps make you more successful on the bigger exchanges.