is...having a BLAST!
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Please remember, I had three indicators that made me uncomfortable. 1) It dropped from a morning high and never recovered despite high promotion and anticipation. 2) I read a post about a process server in search of a key employee and information about law suits (remember ATRN). 3) I saw an inordinate number of "weeeeeeeeeeeee"s from Psionic, which I also observed with (GYST, COIN, and CARN) while the stock was completely stagnant or slowly declining.
I would have expected to see more activity with the announcement of the merger and the spin off too. So when that didn't happen, I made my decision and sold.
In any event I didn't buy because of Psionic, or sell strictly because of them.
I hope you're right!
Everyone has their own way of trusting their gut. About half of the stocks that I bought in 2012 were manipulated by their owners in one way or another. There is no "real" oversight by the SEC of Pennystocks, as in most of the rest of the financial industry. There are laws and rules of course, but there isn't much enforcement. #toobigtofail
I haven't purchased a penny stock all year, bought in this morning *all psyched up* and saw it sit flat all day. I got burned on GYST and CARN with Psionic, and maybe the second round of COIN. The first time I followed their lead I did okay, but total losses around $3500. I noticed a pattern of "pumping" and then they would just "go silent" and inevitably the stock was falling like a stone. So if I see them, I won't invest in their promotion. I'd rather lose $20 now instead of $500 tomorrow.
If Psionic Matrix has ANYTHING to do with this then it's a clue to me to sell and sell now. I've been burned two or three times. The second you see that they quit being the biggest cheerleader you better sell. Between that and rumors of a process server, and stagnation all day... it's been a dud.
Hope I'm wrong, but I've lost thousands on their promos.
Maybe ATRN is the best example of why we need Elizabeth Warren, no?
Best Coulda, Woulda, Shoulda story of my life. :)
I think we are kind of at their mercy for all of our big talk and bravado. I wish it were different, to be sure.
Is there a link to read the paperwork? I have been saying all week we have plenty of laws and protections, they are just not being enforced.
That would make me very happy. :)
I am hoping the exact same thing. "Justice" looks like my selling shares for that $.349 I SAT ON LIKE A CRAZY WOMAN or better.
As they say amongst the Members of the Tribe - from your mouth to God's ears.
Looking good!
What is there left to say really? I think that some of us know more than others and are prohibited from saying anything else about it openly or have legal repercussions. Buy low, sell high, that's all there is to say - and I for one - failed to do that. Expensive lesson.
Trust me, I believe(d) in them or I wouldn't have bought the stock. I could probably use what they do in my own businesses.
I am really happy to see it. REALLY happy to see it - It would be really nice if it did have the recovery they predicted a while ago.
Come to Mama!! Go CARN!!!!
The day I bought it was at .059 and looked like it would go to .10 or greater. I think it was briefly green and then went subpenny the last few days and this hopefully is a recovery.
Yeah, I saw that the day I bought in. We didn't really have a "run" on this stock since then, nothing near what I had hoped, and I have just been too busy with work to watch anything at all closely lately.
That would be awesome!!
Barely.... *sigh*. It's been a disappointment lately. No?
Rosh Hashannah and Yom Kippur are the first to "High Holidays" in the Jewish Faith. You're not supposed to work on those day it's your period of time to reflect on your soul with Gd. So, many Jewish families are away from work and the market now.
Today is slow because of the holiday, more than likely, and I think the low price is a bargain. I hope we will see more volume the rest of the week. Especially tomorrow :)
I heard SPAH was one too, and lost money on it too.
Thanks LilJoe, I did just that. Ms. Guthrie is an attorney and I would imagine that she is subject to particular conduct as a member of the Florida bar. If she is successfuly sued or found to be responsible for any wrong doing/fraud, someone should make sure to follow up with the State Bar Association of Florida. They are not a policing body - but once the issue is resolved she has a different level of accountability than a non-attorney. Why? Because she went to law school, and is an attorney, and can't claim any level of ignorance for what she did.
I just HAPPENED to come see if they ever reported information on the offer they made in June.
Thanks for the link.
LiLiFar
Sinatra77 I can not respond to private messages, but I shared your observations at the same time. I am learning a ton from lowtrade on his investorshub board, and while he is more conservative, I think his pond play methodology is very smart. My "deal killer" is no volume... We sat here for days on end with little to no activity. If you ever have doubts about whether a company is real look them up in the Secretary of State office of their home state. You can start learning a lot about someone that way. I learned tons about the owners of USNL that way.
I wasn't going to sell as long as it sat at .008 - but then it dropped and there was no harm in selling. If they revive when the merger is imminent I'll come back for my losses. In the meantime I'll do something else.
That's wonderful news! Congratulations!
Unfortunately, no, I do not.
The problem we have is there is NO VOLUME, and there hasn't been all week. No one has sold at the bid at least for what activity there is... Doesn't sound like there is any reason to think this is going to wake up before next week is there?
Thanks for all the nice words... Hope everyone gets filthy rich.
I recovered all of my losses yesterday but was nervous it would not continue, so sold and bought another stock. I am VERY happy to see this continuing to recover for everyone else, even if I sold without any real profit. I am holding APRE still and hope to see that recover too. GLTA
No, and God knows you can sit on it trying not to lose and not MAKE any anywhere else. Lowtrade had said to put it on watch so I held.
Bummer you were so psyched before!
I have been very very patient with this baby lately. I would like to see it pop up to .018 today!!
That would be great!!
I have had that impression before, but I am HAPPY to see GYST alive and kicking today!!
Oh I LOVE that saying!! Can I use it?
VFIN is like a coke *hore I swear....one little sniff of success...
I don't clearly recall off the top of my head, and I don't want to say something that isn't accurate.
You know what surprises me the most about trading? I have always done "emotional" work, or art and the premise is that business people are not emotional. This is NOTHING BUT emotion. It's funny. I think you do have to have guts, but the math says that if you do 10 conservative trades at 30% profit instead of doing the crazy train 300% - you probably make more. Most people are satisfied with 8-10% gain on investment? I think that's why. My YTD growth is less than 2% - because I wait too long for the big pay day.
My friend turned me on to the lowtrade board and I am learning a lot there. Someone told me when I first started trading, Bull win, Bears win, but Piggies always lose... so true.
I think I start trying to make up for other losses. Or, selling at a 30% gain seems "small" - but if I look at my cumulative gain it's ridiculous. 10% would be a vast improvement.
My buddy loud is awesome too. I've been busy writing and that's hard to do while "watching" trades.
I think GYST will revive.