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So what did I do wrong to deserve this? Seriously, enlighten me.
Guess that's one thing about a Communist Country hehe.. gotta do what the gov't wants you to do.
Grays are gay. I've given up selling or buying on gray market.
Update on SSTY
https://www.otcstockinfo.com/repository/626974/626974_FR4.pdf
You may have to go to:
https://www.otcstockinfo.com/repository/626974/ and open the PDF file that way.
Hopefully pinks soon.
OT: Still in SSTY, but here's two stocks that performed fantastic today for those who wants to make some money while waiting for SSTY to be off the greys.
AOB & HOM
http://biz.yahoo.com/special/low912_05.html
Do your DD and GLTA!
I'm kicking my own arse today because I watched it at 0.23 and I didn't buy... I thought it might gap down. Then by the time I noticed it, it was already 0.33, and I didn't buy it then either. I thought it was going to go down AGAIN... then I watched it at 0.47+ and I started to cry. But being that I was recently caught in SEC halt in SSTY, I was weary to jump in too.
GLTA. I'm in CAV for now. Bought in at the pullback at 6.10 and riding it... hopefully 7+ next week.
OT: Since we're all in this together... on the bright side...
since I'm stuck with over 400k shares in SSTY waiting it out, I thought you guys might want to know a play I'm in right now.
Check NWPO
The last time they PR'd about their product showing up in CompUSA, the pps went from under 0.5 to over 1.5. Yesterday and today they announced two powerful PRs IMHO. This company seems to have just blue skies ahead, and they are always signing new agreements. Today, the stock jumped over 13%.
I'm in at 0.92 and holding for $2 possibly. Good luck all!
All this is my opinion. Remember to do your DD.
'bout damn time they did something
Yes, 10k at 0.004? Who are they kidding. I do feel sorry for the poor moron who sold 500k at 0.0005 the other day though.
People still don't realize the potential of this company. I'm glad I got in at 0.89 and 0.82. All that needs to happen is the company landing a contract with a big name player like Comcast or Dell and the PPS is going through the roof. Just look at what they are doing now. They have contracts left and right.
My guess is $3 minimum by end of year, probably even in the $4-$5 range. GLTA!
I believe it's more like 1.9 billion OS. <shrugs>
But it definately is NOT 200 million.
OT: Well yes, you can have a margin account and trade pinks. But I mean the actual cash that you have in the account... I thought your maximum you can purchase for pinks/otcbb is with that amount.
For example, you have $4000 cash in the margin account. But you have 2x the purchasing power, which equates to $8000. In this example, and in my experience, I can only purchase up to $4000 in pinks and otcbb (and some non-pinks/otcbb's that are under $3-4 bucks).
Usually with stocks that have pps $4+, and in this example, I can purchase up to the $8000 limit ($4000 from my own cash & $4000 borrowed from Scottrade). Sometimes after purchasing a total of that $8000, Scottrade shows I have a few more thousand I can use to purchase.
I thought you can't use margin on pinks and otcbb? At least that's how it is with Scottrade.
This post says we are to trade on Monday on pinks
Being that it's not official, take it as you will. GLTA! 0.025 is where I predict it to close.
http://ragingbull.lycos.com/mboard/boards.cgi?board=SSTY&read=8738
Like Enron? That one one big boy stock...
When you first get on their webiste, suretrace.com, it'll have a link right on top of the two pictures they've posted.
Can't miss it.
About two weeks ago, on July 29th, news hit that the Chinese government ok'd the company.
http://biz.yahoo.com/bw/050729/295290.html?.v=1
The stock went up 400%. Shortly thereafter the SEC halted trading, possibly to the PRs the company had released (or MM getting caught with pants down and needing to cover).
http://biz.yahoo.com/bw/050801/15504.html?.v=1
http://biz.yahoo.com/bw/050804/45233.html?.v=1
Not sure what the reason was but it's now in the gray markets (not listed on the pink sheets). Anyways, the update is, RR released today confirming the national demo they had today w/chinese government officials and other officials. The movi and pictures are on their website:
suretrace.com
Being that it's in the gray markets, you can only trade by calling your broker. But some people say they have been able to erradictly trade online.
This is what today's PR says:
"The stock of Sure Trace has recently been suspended by the Securities and Exchange Commission, but the suspension has ended by its own terms. Management of Sure Trace is currently working with the broker-dealer community and regulators to permit quotations to be entered on the Pink Sheets as soon as possible. More information will be provided to the public when circumstances warrant."
POINT BEING:
Watch this when the stock gets listed on the pinksheets again. If it is listed, it tells us SEC found nothing wrong.
Those following SSTY, ** HUGE NEWS **
This one should sky rocket when it's reopened. Put on your watch list and mark this post.
It's alright, I got mine at about 0.011. But you're right, the buying is encouraging.... Maybe it's just shorts covering? That'll teach em.
wtf are you talking about? women?
SSTY currently in the gray markets. What that means is you cannot trade it online. You must call your broker. That means broker-assisted fees. Even then, at these levels, it's not worth selling. Maybe you can try to buy for cheap *if* you believe you are getting a bargain.
Hopefully it'll open on the 17th. If it passes SEC, it should signal that it's legit and pps should increase.
Until then, TEC for the play.
Raging Bulls site has lots of posters. This is a good read... make of it as you will.
http://ragingbull.lycos.com/mboard/viewreplies.cgi?board=SSTY&reply=6376
http://ragingbull.lycos.com/mboard/boards.cgi?board=SSTY&board=SSTY&read=6395&submit=Go&...
Original SSTY board on Raging Bull's
http://ragingbull.lycos.com/mboard/boards.cgi?board=OTCF%3ASSTY&origsymbols=ssty
GLTA
LoL
Not entirely true. CAFE is not a pink sheets stock and it did not resume trading after 10 business days. In fact, it's being sued by multiple investing firms.
CAFE *will* become a pink sheet if they ever let it trade again though.
GRRR, I sold mine on Thurs, and it flies on Friday.
Hey, at least most of you guys aren't in TWO pink sheet stocks that are suspended. I also hold over 400k positions in SSTY
http://www.investorshub.com/boards/board.asp?board_id=1783
Hopefully if SEC determines it is valid, the pps will rise. I'd rather know it's a legit company than not.
>> Here's the Press Releases that they have to prove true. My guess is $20,354 monthly profit doesn't make you the largest automobile dealership in central, western, eastern, southern, northern, or any Canada. <<
LOL, yes I found this a little hard to believe. After they released earnings and I noticed the earnings were that low, I quickly sold out.
I'm to blame....
Turns out, I just have bad luck. I bring bad luck to all stocks I purchase it seems. Another pinksheet stock I was trading in was suspended on 7/27/05. It *should* resume 8/10/05 if it satisfies the SEC.
Luckily for me, after the increase in pps a few days prior to the suspension, I sold my positions and threw the profit back into the stock to let it ride free.
Check it out on:
http://www.investorshub.com/boards/board.asp?board_id=3887
My scottrade shows my value of SSTY holdings back to pre-suspension levels.
Not sure what that means.. but better than seeing the 60% drop.
In the mean time, hoping ALY's earnings release tomorrow morning will rock...
I hear you man. I hear you.
I don't want it to drop because I'd see my value drop. But I want it to drop too so I can add more and increase my shares to a million. LOL
August 16th at 11:59 PM (EST I think) is when the investigation/halt ends.
It should trade on August 17th. Let's just hope the price is not too bad.. because my cash value on SSTY dropped by like 60% or so.
Also, CAFE was halted by the SEC and it's scheduled to resume tomorrow. At least there's no posts about it being fraud, so I assume it would continue trading tomorrow.
MMs got caught with their pants down and needed some time to let the shock set in and cover, imo
If all this is true after SEC investigates and China really likes it, then this stock will surely fly. Better to know it's for real than find out later it's fake. You lose money either way. At least this way, we will get verification it's legit.
425k shares and hoping for the best
Luckily I saw awesome ENG earnings release this morning and threw in 3k shares in there. It should be in the low teens soon.
I had to sell my other stocks to get in at 0.008 this morning w/50k shares only :( When my money finally showed up, as I deposited it last night, I was able to grab a few hundred k at 0.0118 average.
Waiting for the next PR to come up. Hopefully we can reach 0.1 by the end of the year.
I also bought in during the pull back at 0.009 in IGTN.
GLTA!
Oh well, looks like it just keeps going up. But it's ok. I bought in on XWG @ 11.53 shortly after earnings were released.
Great earnings released today & small float. This one will see at least $15 by end of week.
I wonder what's going on. I saw the 83% jump on my screen and sold mine at 0.0021. I just hope I didn't make a mistake... I mean I hope nothing HUGE is coming.
I'd be kicking myself in the arse.
I put 100k in PLNI this morning. The swings are not too extreme the past month so pull backs won't be too devasting. Best to buy in now than at higher points. GTLA!
This stock any good? I see lots of people just chatting, but the stock isn't going anywhere.