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I;ve been thinking about the Nov 15th posting of the AF's. That would be when their quarterly report is due if they were OTC. So maybe they'll post both sets of AF's.
We'vw been getting a lot of attention. I think a lot of the volume are new investors bid whacking. When I see a chart like ours and I want to get in.....I bid whack, so does everyone else. Weak hands that made money are now getting scared and settling for profits. In another hour or so, it'll start to go up IMO.
Do you ever invest in companies you believe are scams, or do you feel this is unethical? Just wondering, I trade in companies that I feel are scams, but I don't pump or bash them, case in point with CSHD, you'll notice my posts here are limited, I got in @.29, chased it up and got out @2.60 except for a 100 shares (sometimes you gotta hope it pans out, I still even have some shares of PAIM, and SLJB left). If you're curious why I'm asking, is because I respect your DD ability, but just wonder at your motives.
Fair enough, I now you're opinions are a form of fundamental analysis, do you ever use technical analysis? Just curious.
OT: Doesn't matter to me, well maybe it does, but point is, I bought LFWK at .0045 and PAIM at .0001, all against your expert advice. I don't believe you're a basher, but have you ever considered that by being the unsolicited savior of penny investors, you might actually be costing them money?
I bought in for a small amount 77500 shares way back in March. After researching Shell Stocks, you have to find the shells (not hard), buy them (even easier), then hold them (now this is the hard part). I'm in @0062, and have been tempted to average down, but will just wait it out.
Hey Janice, haven't talked to you since my PAIM days. Made a couple bucks off of them even though you tried to save me from the DOM. Just wondering what you thought about SLJB, then LFWK. I used them as an example for shorting on the PAIM board, and you said it was just a scam and that LFWK's wouldn't keep it's gain, yet it has, so far.
RTGV.PK, I put a couple hundred bucks in this way back in March, still even. PLEASE pick this shell so I can make some money.
I've seen that link for the old news on three message boards I frequent. Makes you wonder why somebody would go thru the trouble of digging that up, then posting it on multiple message boards.
OK one more call, INCX. 5.90 a share. After hours press release on Friday. Probably will gap up on Monday. SEC filing on Friday as well.
Don't know, but I'm pretty sure they don't update on weekends and alsmost sure they update throughout the day during trading days, I read somewhere that you can file up to 5:30 PM EST.
Hey making sense of them isn't easy, that's why I'm sharing so we can split the work up. This way, maybe one of us will find the next CSHD, If you back test this for the month of July, you could have gotten in at .10 and rode it up to at least 3.00. Of course it got suspended, but I got in @.29 and out for most of my shares at 2.60, that's what got me into finding reverse mergers. In the case of FHAL/CSHD, there was a several day lag from the 8K filing, until the big run, from .05 to 1.50.
I just looked at a chart for SPSI, it shows .50 on OCT 16 then jumping up to the 3.35. I'm not sure if we could have gotten in at .50. I haven't made a play on any of this yet, just back tested it. I know I'm gonna hit one eventually.
Here is the link to the advanced search.
http://searchwww.sec.gov/EDGARFSClient/jsp/EDGAR_MainAccess.jsp
Click on the advacned search link to the right. GLTA
I'm done for the weekend, I'm gonna list my picks (some of which the news is a week old), and see how they do next week.
ODYC trading at 2.10
WLHO trading at 7.00
SPSI trading at 3.35
CIRC not trading yet
NTTE trading at 1.255
Let's see how this goes.
GLTA
NTTE, looks interesting, never traded from what I can tell, until Friday. Someone bought shares for 1.255, which basically set the price. Gut feeling on this one.
http://finance.yahoo.com/q?s=NTTE.OB
Five for 1 Forward Split if I read it right.
Been asked what forms to look for, if you do an anvanced search, look at 8-K's, since these are the forward looking might gonna happen forms.
CIRC, going to merge with an ethanol company, then do a 3 for 1 reverse split. CIRC is an OTC, but doesn't look like it's been trading. Maybe after the merger.
SPSI, filed on October 16, price .50. Now it's at 3.35. This seems to work, but you gotta screen the SEC daily I guess. One of these days I'm gonna catch one.
WLHO, filed Friday to merge with a BIO-DIESEL company, kind of expensive for me though. 7 bucks a share, I'll follow it though and see if it goes up.
Check out TING changed to ODYC, reverse merger file on the 16 of OCT, trading at 1.50, now at 2.10. I have a day job so don't scan the SEC websites until the weekend,(busy last weekend), but that would have been a play for me.
R/M's seem to make the biggest runs, so here is how I've been TRYING to find them. I haven't found one yet, but I did BACK TEST this and it worked flawlessly. This only works on .OB's, not PK's.
Here it is, if you go to the SEC website, you'll notice thousands of filings everyday. But if you do an advanced search and type in keywords reverse merger .OB, it'll limit the search down to a hundred filings, that's using a date range from a few days to a week.
In back testing it, SEC filings usually hit the street a couple days before a PR, or even with a PR, but people don't get in for a couple days. If you see a good filing, you can jump in a day or two before the 1000% run.
Like I said, I just came up with this strategy and haven't picked and R/M yet, but have back tested this with mergers that have happened and would have been in days ahead of the run.
I Got in at .007 and got out with a 2 bagger, when the thing kept going, I said, hell it's a stinky pinky and will fall. I was wrong and am back in a .10 with way less shares, wish I would have kept what I bought at .007.
This was a lotto pick for me back in March. It almost ran a couple months ago .0002 X .0003, then died. I've have a sell order for my measley 1 mil shares GTC for over a 3 weeks now. That tells me that all the volume is dumping and selling at the 5 decimal point. GLTA longs. Just getting my hundred bucks back, tired of seeing SMMW in my portfolio.
I've lowered my average down to .0004, I decided to buy some more at .0002 to lower ever more, I've had a buy order in all week and it hasn't gone thru. I think people are accumulating at .0002 for the eventual run this thing gets every couple months. I'm just trying to break even from when I got in at .001. This has definitely been by worst play all year. The only one that I didn't average down on the dips and then sell on the bounce to at least break even. I still think I'll be able to. Have a GTC at .0005. Bet we get a one day run before years end.
They're asset holding. No start-ups to speak of right now, so of course they don't anticipate any increase in revs. They claim to have billions of dollars in assets to invest, that's what the 10K will show.
I'm a bag holder from .001. I have been buying at .0002 and am averaged at .0004 now. Look at the chart, this thing runs every couple months. The last couple times have probably been group plays since it never sustains a run. Only one day runs. I got a sell order in for 3/4 of my shares at .0006. Then I'll be riding freebies, cuz I still think this company might make it, but I am also tired of waiting. I bet it runs to .0007 X .0008 by the end of the year. If you're a bag holder, average down, set a sell to get your capital back and also keep a few shares. That's the best way to play this IMO.
Someone said that a pinkie (FSMH) just put out a PR saying that they are requesting a NOBO list. 0003 X .0004 now. Might be a cheap lotto ticket. I got an order in for a million shares at the bid. I'll see if I get them. GLTA here, I set my sell order for .10. I'll see if it sticks.
Damn, I had a chance to get back in at .017, but was being cheep. Had my order set at .0165. Oh well, still have 25k freebies. I think this thing will hit .05 just on hype. I'm holding out for at least .10 like the PR says.
Yeah, I've been luck lately, caught PAIM from .0001 to .0015 and CSHD from .029 to 2.60. Only loser so far is AMRE, I'm still even in them. Also got a small position in AACS. I think this one is good for at least a three day run. I might add one the dips.
Bought 50K yesterday at .008, just sold 25k at .02, gotta love freebies.
I bought on the way up from .29 and ended up averaged at 1.11. Sold half at 3.30. Freebies now. Only 1500 total with 750 left. Wish I would have put more into it.
I've narrowed my plays down to just mergers. Last one was CHSD and look where that went. This one isn't as good. Hardest part about mergers is getting the word out. The volume on this one is definitely picking up and by the chart it's a prime bounce play at a minimum. I'm in on Monday. The best thing about mergers is that it takes a week or so before people come on board......FHAL filed an 8K on 12 July..(.05), i didn't get in till 18 Jul(.29), it's at 2.45 now. Gotta get in mergers early for the best return. This one is just starting. GLTA
Good idea, it's not just Scottrade, check the CSHD board, ameritrade is restricting buys on that stock. It's gone up a few hundred percent since they've restricted and the amertrade bashing is going on over there. Maybe brokers just restrict stock they are short on. CSHD even released a PR stating that ameritrade was short. Makes you wonder.
No SH*T, I got in at .29 and have held. Should have played the swings, but stayed long, so it peaked at 4 bucks and leveled at 3.00. That's a 25% loss on the high, but I'm still up 1000%, PURL GIRL says she earns 200% a year. I got her 5 times in a couple months.
BULLSHIT, JJ is being honest and I applaud him for that. Any profit is a GOOD trade. He decided to take his. In pennies I have done the same thing...waiting for the BIG score and barely breaking even or even taking a loss. I am still long here, but I don't trade for a living. If I lose it all...I don't care. If trading is your livelihood, then you should play it safe. Thanks JJ for what you put into it.....If I were you, I still would have left a couple bucks on the table just in case, and I bet you did.
OK I admit it, I'm a basher. I plan on shorting this stock at $20 PPS. It will never go above that for very long, so sell at $20. I'll post the reasons why as soon as I make them up.
Just stopped by to check on this board. It's funny that the term reverse split started being used by the bashers. This company has a 24 million float. Anybody in pennies knows that the most feared thing next to bankruptcy is the dreaded R/S. Most pennies do an R/S after they reach the Billion or more share count in the OS. 24 Million is considered a low floater in pennyland. Hell, a billion share O/S in sub-pennyland is considered a low floater. Just cracks me up......next the bashers will start using the "bankruptcy word".
I hope it still has legs, I'm averaged in at .0008 from the last run. I knew I should have averaged down. Oh well, got my finger on the trigger at .001. I still think this company is worth something, but I won't buy in for anything more than .0003.
A forced buy-in is like a stop loss. Means he's out of his short position, unless he's lying. Sometimes bashers will switch sides, then start raising fake flags as your new buddy.