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I understand the process, the point is there is too much swing at this level to exercise a stop unless you have unlimited capital to buy back if you are wrong. I do think the stock will rise, but now that the frenzy is over it will be a harder road and those who are in a hurry won't wait, which will affect the growth. You know the herd effect.
Seek First The Kingdom Of God
Matthew 6:33a
Tell me how you get a stop on a .1- .2 cent stock. How would you decide where to place it? Curious.
Seek First The Kingdom Of God
Matthew 6:33a
Looks like there is a new support level at .155. It also looks like the market is going to test it. Had hoped this wouldn't have happened before the air date. Somehow the sharks have become cautious. It started about 1PM in earnest yesterday, but I think the signs were there for the last three afternoons. Looks like we're in for a long hard pull unless the show really takes off or the company can excite the crowd again. Yea, I know you don't want to see a reality check, but being prepared in a penny stock keeps profit and prevents loss.
Seek First The Kingdom Of God
Matthew 6:33a
I'd rather go to .26 so I can end the day with a profit on my new shares too.
Seek First The Kingdom Of God
Matthew 6:33a
Hi Doug and Ruth,
Thanks so much for writing.
I'm very sorry the share price has dropped from its high in the 25-30 cent range from 3 years ago to a penny a share now. Three years ago, we were getting equity investment (about $1.1 million). We've since put that money to good use, and have found several thousand cancer-causing genes. We're currently trying to move these chemotherapy targets along to actual drugs. This is a long-term proposition, and there should be good news to report periodically.
Financially, the company can survive at the current burn rate for another 12 months, which gives us plenty of time for business development and partnering.
It also gives us time to get the word out about what we know we can do, such as treating West Nile virus encephalitis (1) or preventing kidney failure (2,3).
Once word gets out, our stock price should rise again.
Thanks for your patient support of the company. I can't tell you how much I appreciate it.
Best regards,
Dave Moskowitz MD
1. Moskowitz DW, Johnson FE. The central role of angiotensin I-converting enzyme in vertebrate pathophysiology. Curr Top Med Chem. 2004;4(13):1433-54. PMID: 15379656 (For PDF file, click on paper #6 at: http://www.genomed.com/index.cfm?action=investor&drill=publications )
2. Moskowitz DW. From pharmacogenomics to improved patient outcomes: angiotensin I-converting enzyme as an example. Diabetes Technol Ther. 2002;4(4):519-32.
PMID: 12396747. (For PDF file, click on paper #1 at: http://www.genomed.com/index.cfm?action=investor&drill=publications )
3. Moskowitz, DW. Promoting dialysis alternative. Letter. ACP Observer, Dec. 2006 (http://www.acponline.org/journals/news/dec06/letters.htm)
**************************************
David W. Moskowitz, MD, MA(Oxon.), FACP
Chairman, CEO & Chief Medical Officer
GenoMed, Inc.
"Our business is public health(TM)"
9666 Olive Blvd., Suite 310
St. Louis, MO 63132
website: www.genomed.com
Ticker symbol: GMED.PK (on the OTC Pink Sheets)
Cell phone 314-378-7864
Office phone 314-983-9938
FAX 314-754-9772
email: dwmoskowitz@genomed.com
**************************************
----- Original Message -----
From: Doug and Ruth
To: dwmoskowitz@genomed.com
Sent: Friday, April 27, 2007 7:41 PM
Subject: news and updates
No doubt you are aware of the drop in the share price. Can you tell me if there is any news to be excited about? What are you doing to get the message out?
Thanks
Seek First The Kingdom Of God
Matthew 6:33a
Mimi, I don't think this one has bottomed yet. Hope you haven,t gotten in too deep yet I think there's room to make a better return. Have you seen why the stock is dropping now? I have been watching xkem closely to see if I can make a buck there or need to get out. It looks like it's past time to take money out of ckei. I think I'll hold on to that cash to see what happens here, you've got me interested.
Seek First The Kingdom Of God
Matthew 6:33a
If it is they are sure having a hard time pulling it off.
Seek First The Kingdom Of God
Matthew 6:33a
04/27/07 15:45:37 0.145 0.15 0.15 25000
04/27/07 15:45:47 0.145 0.15 0.15 5000
04/27/07 15:45:53 0.145 0.15 0.15 2000
04/27/07 15:46:20 0.14 0.15 0.15 25000
04/27/07 15:46:20 0.14 0.15 0.15 500
04/27/07 15:46:24 0.145 0.15 0.15 2000
04/27/07 15:46:35 0.145 0.15 0.15 5000
04/27/07 15:46:41 0.145 0.15 0.15 60000
04/27/07 15:47:51 0.14 0.15 0.15 600
04/27/07 15:48:18 0.145 0.15 0.15 1750
04/27/07 15:49:03 0.145 0.15 0.15 20000
04/27/07 15:50:45 0.145 0.15 0.15 25000
04/27/07 15:52:23 0.145 0.15 0.15 5000
04/27/07 15:55:05 0.145 0.15 0.15 100
04/27/07 15:55:05 0.145 0.15 0.15 500
04/27/07 15:56:02 0.145 0.15 0.15 200
04/27/07 15:57:09 0.145 0.15 0.15 1000
04/27/07 15:59:46 0.145 0.15 0.15 5000
04/27/07 16:00:52 0.14 0.15 0.15 11000
04/27/07 16:14:04 0.1105 0.15 0.15 120310
04/27/07 16:14:21 0.1105 0.15 0.15 287000
04/27/07 16:14:48 0.1105 0.15 0.15 113000
04/27/07 16:15:21 0.1105 0.15 0.15 200000
04/27/07 16:15:48 0.1105 0.15 0.15 250000
04/27/07 16:16:03 0.1105 0.15 0.15 250000
04/27/07 20:00:00 0.145 0.145 0.145 0
Flat either you don't read all my posts or you're nervous. No reason for you to lash out. My post is not one of a basher, but a concerned investor. I have no intention of selling at this point, after all I'm the one who said rrgi was as high as $5 in the last year and believe it's possible to hit a $1 even before air time. Above are the raw trades starting at 3:45PM and ending at 4:16 all were red except for the correction at 8PM. No bashing just reading the figures as they are reported.
Seek First The Kingdom Of God
Matthew 6:33a
As I said a day or so ago, a few after hours trades of say 5K - 10K would not mean anything. Today was the worst. I t started before the close. A whole slew of negative trades went down ending with those .11 trades. I understand that day traders don't like to hold paper over the week end and could explain the end of the day trades, but why trade down when there are people looking to get on board? It could be that they know something we don't too. Guess we'll find out Monday.
seek First The Kingdom Of God
Matthew 6:33a
Guys, i don't know how many of you pay attention to the raw trades, but people were bailing out left and right at the end of the day and the current close is all the way back to .1105. Still concerned.
Seek First The Kingdom Of God
Matthew 6:33a
LOL
Seek First The Kingdom Of God
Matthew 6:33a
Phat that's what I've been waiting to see before deciding what to do for the summer with the position. For the silent board, does anyone have first hand communication with the company? It would be nice to hear from them on their intentions for the future. Are they going to diversify and try to find a way to make this a year round affair or not? This will tell us whether we keep playing this seasonal y or keep some in for the long haul.
Seek First The Kingdom Of God
Matthew 6:33a
Let's remember rrgi was almost $5 about a year ago. Don't think that it necessarily out of the question to see it back there.
Seek First The Kingdom Of God
Matthew 6:33a
Flipping now is asking for trouble and loss. Got to wait until after airdate to play that game.
Seek First The Kingdom Of God
Matthew 6:33a
Because it is below the current ask, the mm's aren't going to give shares away at this time, but they may trade them between themselves to temper the market. So, it would be the same as a sale to the rest of us.
Seek First The Kingdom Of God
Matthew 6:33a
50, no sooner did I post and it moved. Maybe I should keep posting LOL.
Seek First The Kingdom Of God
Matthew 6:33a
50bagger, Sorry I wasn't able to reply any sooner. Sometimes my day job gets in the way. It did give me a chance to see what Flat said too. Normally small trades after the bell don't bother me, but big ones give me pause to think. Is someone going to attempt to hold the stock down during this time of anticipation when we can make the most gain toward putting this stock back into the .15+ area? I notice that we have seen little movement today. Hopefully it will close at the HOD today without an after hours damper.
Seek First The Kingdom Of God
Matthew 6:33a
Again today, after the bell a lower trade was registered this time it was a whopper 1,000,000 and another 323,000 at $.067
Seek First The Kingdom Of God
Matthew 6:33a
Just think there are still three weeks to go, or maybe two and a couple days if you want think in terms of anticipation and news.
Seek First The Kingdom Of God
Matthew 6:33a
Agreed, unless management messes us up. My point was really that the pps, if it comes close to the pattern of last year, will probably drop considerably until Sept- Oct. I have a low pps and am trying to decide whether to let it ride or take profits and use the cash elsewhere until Sept.
Seek First The Kingdom Of God
Matthew 6:33a
Cash this is only the second year for this company. So unless you know something we don't know I would wait a little longer to start accumulating, that is unless you are expecting a spike before it settles down for the summer and early fall. There will be plenty of time to start collecting shares and at a lot cheaper pps. Personally I would love to see a spike to about 32-35 before the summer, but I'm not adding to my position in anticipation.
Seek First The Kingdom Of God
Matthew 6:33a
I hear you, would love to see it hit 32 before the total season is over and I could take a little more profit into next buying season.
Seek First The Kingdom Of God
Matthew 6:33a
At least we have volume now. It looks like we are on ignore as far as the market is concerned.
Seek First The Kingdom Of God
Matthew 6:33a
Jo, do have any source of info as to why there is no volume? How about you Phat?
Seek First The Kingdom Of God
Matthew 6:33a
Nah, go to 31 since you're doing so well.
Seek First The Kingdom Of God
Matthew 6:33a
That's true. Also you would have to have their program to be able get the signals to trade before it shows up on the screen. I haven't been able to decide when they are truly making the decision to place the trade. You see the result after the fact. In most cases they are good barometer for the direction of the market for a given stock, so I check it out.
Seek First The Kingdom Of God
Matthew 6:33a
Right, those two trades came in just after I posted, Thanks. Still though the 82K trade snuck in after the bell and offset a lot late afternoon trading. We're into the last month now. If it's going to happen we should see the signs soon.
Seek First The Kingdom Of God
Matthew 6:33a
I was about to post the same thing , but an 82,500 trade popped in at 4:03 for 38 and killed the euphoria.
Seek First The Kingdom Of God
Matthew 6:33a
My broker has no info on a problem with the company that would keep it from trading and the mm's have not told them of a problem. Could it be that no one is buying or selling all of sudden? Doesn't make sense.
Seek First The Kingdom Of God
Matthew 6:33a
Just came in to see no volume. Anyone know what's up?
Seek First The Kingdom Of God
Matthew 6:33a
239
Seek First The Kingdom Of God
Matthew 6:33a
Sounds good to me and I think this will be the case when the company begins to openly say they are moving forward with confidence. In fact, I think the investors are more than ready to jump in. They just need something tangible to look forward to.
Seek First The Kingdom Of God
Matthew 6:33a
Light, I agree there are people who read things into statements that aren't there. I just spent some time with the 10KSB. I'm wondering where all the positive statements are coming from, certainly not from this disclosure. Where are you guys getting your info? I'd like to follow it too. Please don't read into this anything that is not there. I'm just as interested in seeing this stock fly as anyone else.
Seek First The Kingdom Of God
Matthew 6:33a
Jkujath, there is one difference. In the first instance the run came in anticipation. This time we already know the loans are in. The new expectancy should be how the money is going to used to move forward and the sooner the public believes that the sooner we will see movement. JMHO.
Seek First The Kingdom Of God
Matthew 6:33a
Happy Birthday Jo, not a bad day to celebrate, Friday the 13th. Enjoy.
And thanks for your hard work on this and other boards.
Seek First The Kingdom Of god
Matthew 6:33a
Phatmatt, I agree, for some reason though, I think we may still see a little spike yet. If the heaters keep running into late May and the company continues to bring in new customers there just may be a decent pr that encourages some buying. All we can do is wait, but I agree the company has not shown itself to be unworthy of hanging in there for another year, especially if your pps is low enough. Who knows they may come up with another product to bring in revenue during the summer, cut expenses and move towards being profitable. How's that for positive thinking?
Seek First The Kingdom Of god
Matthew 6:3a
Agreed, i was surprised when the depth wasn't there. Thought it had been. So I go to the Pinksheets site and pick it up a little late. Still sets the tone.
Seek first the Kingdom Of god
Matthew 6:33a
Oh well, now that I made the post, the lvel II market depth is not available. Se la vie.
Seek First The Kingdom Of God
Matthew 6:33a
You don't have to go that far, just go to the top of the page and look on the right side in red. Level II quotes are available here too. Not sure if they are live, but probably as live as any other free source and good enough to get the flavor. Thanks to the mod's we have a good reporting source right here for the incidentals.
Seek first The Kingdom Of God
Matthew 6:33a
No Fatdog, I'm with Low Trade, a subsidiary of Success Trade that allows penny stock trading at an affordable level. There are a few things that don't match up to some of the more costly brokerages, but can usually be picked elsewhere such as a reliable level II. So far the trading has been on the par with that when I was with some of the more costly firms. I'm not sure what a new subscriber would have to pay now.
Seek First The Kingdom Of God
Matthew 6:33a