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After being in and out of ROX (but mostly in) since early 2013, I sold my entire stake this afternoon. I'm very unhappy (and surprised) at how things have gone in recent months.
There are still things I like about ROX long-term, but I think I need to take a break and maybe come back in later at a lower level.
Shout out to 033MPS; good to see you still posting occasionally. I made my first post in 15 months on the Yahoo board today :)
Thanks for dumping him, Max. That guy was mostly noise with little substance. His antics belong on the Yahoo Finance message boards.
My buy order at $1.39 filled at the end of the day. I increased my holdings by about 10%. I'm happy with the outlook for the long-term future. Still long...
From the SEC's Penny Stock Rules page (http://www.sec.gov/answers/penny.htm):
"The term "penny stock" generally refers to a security issued by a very small company that trades at less than $5 per share."
That said, I find that many investors think of penny stocks as stocks under $1. This thought is supported by things like ScottTrade (my broker) charging a premium for trading OTC stocks that are under $1.
Well, as a long-time holder, I'm not thrilled about the drop, but fortunately I had dry powder, so I just added a block at $1.31.
I couldn't resist, so I freed up some money and used half of it to increase my holdings (will hold the other half in case it dips significantly further). I like this price long-term. Maybe not short-term, we'll see.
Well said. Ever since Despicable_Z called him out on his wildly changing sentiments and he responded with evasions (see posts 1982-1984), I have basically just ignored this posts.
It seems pretty likely to me that he posts with an agenda to move others' actions, as opposed to truthfully describing his own actions (as most here seem to do).
Nice rebound for ROX. Some of the posts this weekend were preposterous. Fortunately, 90% of this board seems to be honest investors giving honest opinions. I'm still reading every day, though I rarely post.
I've bought and sold ROX at a nice profit several times since .27 (though I've now been in and accumulating since $1.08). Selling this morning never even entered my mind. I think I'm done trading and will be just holding long now. As long as the insiders are holding, ROX is a good buy IMO.
My only regret is that I didn't have any dry powder this morning!
Thanks for posting the text of that "5 Speculative Stocks Backed By Phillip Frost" article!
I'd been wishing I had saved it ever since Seeking Alpha deleted it. It was at 5 Speculative Stocks Backed By Phillip Frost; the comments are still there though.
Raggy, you hit the nail on the head here. Funman's writing is very lucid. BYUINSDER's writing is, for lack of a better term, not lucid.
I just got caught up on all of the Saturday through Monday posts. Wow, that was a hard slog when you need spend most of your reading effort just trying to get the disparate sentence clauses to mean something.
Funman, I too always read your posts. You keep typing, we'll keep reading!
You also made a good point about the quality of the conversation here. I am, frankly, shocked at the high quality. I've wasted a lot of time on various Yahoo Finance boards (and if you're a reg on the Yahoo ROX board, you know what I mean).
I actually never bothered to check the iHub ROX board for many months because I had such bad experiences with the other iHub boards I was on (mostly marijuana stocks, who's iHub boards are group efforts to manipulate the stock price).
I just kind of assumed all iHub boards were that way. spm330 eventually prodded me to check this out and boy was I pleasantly surprised. Keep it up, boys!
Despicable makes a good point. Moving from short-term bearish to bullish doesn't explain the irreconcilable nature of those comments (and others).
Also, you can go backwards in the archive here and read Funman's previous posts. You'll find a wealth of great info there! He's really on top of it.
Last quarter the monster rise started on the 10th trading day after earnings and ran for 6 days. I sold around $1.20 on the way back down (I had been in since .27). This quarter, I made sure I was fully loaded again by the end of last Monday (which was Day 10). Looks like it's Day 14 this time, if that's what we're seeing the start of today.
I told my buddy to buy this week when it hit .81. I hope he did.
Have a good weekend everyone!
Sounds like an awesome vacation. I'm jealous. Enjoy!
As an aside, I'm enjoying the knowledgeable conversation here amongst you and the other regs. I don't post much, but I'm lurking every day and finding it enlightening. I often find myself wishing there was a 'like' button for a lot of your posts.
Float Lock, what dilution are you referring to? Honest question - I didn't see anything today. Can you point me in the right direction?
Got your private message. I didn't know about that extra bit of info, so that will help. Thanks much!
Hi Janice, sorry to do this publicly, but I don't have the ability to send private messages.
Is your February TTDZ article available anywhere online? I have a subscription to pumpsanddumps.com, so I've read it, but I'd love to be able to point others to it who don't.
In a FB investor group I'm in, we've been having tons of TTDZ debate amongst people who've done a lot of digging into the company. I'm pretty sure I'm the only one who's read it, which is a shame, because it's an important piece of the puzzle for anyone trying to make a fully-informed investing decision.
R/S rounding heads-up: I got my post-R/S shares some weeks ago and sold them all. Then just recently *one* share showed up in my account. I asked ScottTrade about it and they said the company did some kind of rounding of fractional shares after the fact, giving me one more share. ScottTrade sold it for me for no fee. Just FYI in case it happens to you.
033MPS, I'm just now starting to check out the ROX board here. So nice to be in a place with moderators and no C_A_M. See you over there.
Apologies for off-topic reply.
FYI, CNN did not write that "article".
CNN iReport "is similar to Wikinews in that it allows, and encourages, regular citizens to submit stories, photos and videos related to any breaking news. Submissions are not edited, fact-checked, or screened." (definition from wikipedia)
It's basically the same as a message board post by an anonymous person. I've seen people upload religious tracts as CNN iReports.
Somebody looking to pump MHYS posted that hoping people would think it was a CNN article and buy based on that.
Results of my $20 R/S fee refund attempt with ScottTrade: for the benefit of others.
[Long story short: they refunded me $10.37 of the $20 fee.]
I called and they said that this is not their fee, but one imposed on them. I said that people with other brokers did not see a $20 fee and they were unmoved. I asked for a refund and he said he'd talk to his boss and see. He came back and this was the offer he made me:
The HBRM shares in my account were only worth about $17 post-R/S (I had only put in about $60 total because that was all I had in this particular account, so a took a small flyer).
Anyway, he offered to sell my shares for the $17, charge me the $7 trading fee (putting my account at -$10 with the $20 fee) and then they'd eat the difference and put my account back up to $0. I took it.
I'm in the US and with ScottTrade. I was finally able to trade my shares on Feb. 12. I too was watching others trade with dismay while I was locked up.
I also got charged a $20 fee. It's listed in my ScottTrade account as 'HERBORIUM GROUP INC COM REORG FEE'.
WTF? This is my first R/S. Anyone have any more info on that? Any chance they will reverse it? Is that someone my broker chose to do, or something imposed on them by someone else? I will call ScottTrade, but I'm sure some of you vets have good background info.
Thanks. I've been a reader here for a long time, but just finally registered so I could add my info to the list.