Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Sorry ITSMIKIE pm'd me.
ITSMIKIE...........Yeah the stock you PM'd me is a shell, no business or filings going on 9 years.............did a QUICK look at it................If you are interested in this shell.....one of the biggest indicators of a shell getting primed either by group players or legitimate companies is volume. With no volume to speak of, in the last couple days it has traded a large amount. Looks like the float is only about 40 million from their last filing, but that might not be right.....you have to check with the TA, or use other sources.........I'm kinda busy or I would do some DD and tell you if I thought is was a good buy or not. Getting ready to go play in the sandbox for 7 months.
Check out "The golden shell" thread here, think stock lobster still mods it..........or go to Hotstockmarket.com and look at one of the stickys there about shell stocks.......they tell you how to research them..........Good luck.....the volume does indicate that something is going on and the price is right.
Even frauds can be profitable.........remember CSHD.........from a nickel to 4 bucks...........even though I made a killing, I still have shares left hoping it was the real deal........I'll keep some of these as well.......can't remember the company, but when I was researching shells, (I buy a few here and there, then throw them on the back burner), one went from .04 to 50 bucks in 8 weeks........another went subpenny to 10 bucks in three weeks.........lots of them out there. Figure I'll hit one eventually, but in the mean time, I actually hit a couple a year for an easy ten bags plus freebies, then the new companies really don't go anywhere.
I'm a SHELL player and plenty of companies merge with penny stocks. There are several examples of companies that are trading in the 20-50 dollar range that merged with PK's and OB's. Hardest thing about uplisting is a 3 yr audit. Since CGGP and CTNO haven't done much, I imagine an audit would be easy. Last PK I was in that uplisted is RTGV.....they are still trying to close their merger, but a slew of filings came out along with the audit....didn't take long after that.
Interesting fact, on another board they mentioned that the NASDAQ has temporarily suspended their listing requirements. You only have to trade at 1.00 to uplist. This ends July 26th. Wonder if CM is will try and get his ducks in a row to uplist. Just a thought.
I'm gonna load up more....this thing has gotta go eventually. Friday most trades were above the penny mark, so that should be the base. I'm gonna grab any sub penny shares.
What's Level 2 look like. It should be thin. BTW NITE is partially owned by Scottrade........if they are the first ones on the bid and ask, they are usually short. Whenever NITE is the axe, it takes a filing or a PR to get him out of the way.
It's tempting and I will probably wish I did later. No powder left and don't want to sell anything else.
Slapped the ask for 13K to round out by position to 450K. Looks like it might be time.
Still pretty quiet, constant daily activity like someone is trying to slowly accumulate. In past shell plays this usually means an insider, or a group getting ready to run it. Either we, I think she's getting ready to pop.
Don't know, but I'm happy..........had a GTC AON for 60K shares at .0055 for a while now, didn't think it would ever fill, but they gave it up..........now have just a little over 400K
Scottrade has shown B/A of anything from .028/.06 to .037/.06 all morning.
What's level 2 say. I'm seeing 037X06, which is BS, I have a small sell order in at .05 and haven't seen it show up all morning.
I'm a shell player........sometimes you get burned badly...............MRXT who merged to TYHR did a 1000/1 R/S and only had a float of 200 mil. Sucked. Legitimate mergers usually do a 20-50 R/S..........after the R/S it will usually drop about 50 percent until the new company starts P/R's. The 1000/1 R/S's I've seen drop another 90 percent and are such low floaters that the spread is over 100 percent I.E. bid/ask .005/.03. They then stay there as the new company is usually selling block shares to new investors.........in the case of TYHR, they were selling 50K blocks at 20 grand even though it trades at .06 now. No way you could buy 50K at that price because of the float. Still have shares of TYHR (500) after the split 2 years ago and it hasn't gone anywhere. Hope that doesn't happen here............I got in at .005 and sold half at a nickel, so I'm good. Sorry to those that bought on the way up. GLTA
I sold 10K at .018 yesterday.............just wanted to see if there was a buyer or MM's were playing. I got my shares back at .003, so I still made out.
Not a lot of people know this, but NITE is owned (strongly affiliated with) by Scottrade. In my experience, they are the biggest shorter of pennies. When a penny runs, they restrict buying. Whenever they restrict buying, they sometimes strangle a run, but it also gives them time to cover........though I'm not sure if they ever cover. Last huge penny run I was in, the company had a 80 mil float with 200 A/S. About 500 mil shares traded in a week. I had 3 mil shares and other IHUBers had another 10 mil. It still ran from .001 to .015, but when Scottrade restricted buying around .007, it slowed it down quite a bit.
Scottrade only let's you put in a sell order 10 times higher than the price. Not any higher.
This was my first shell to hit..........rode it from .0066 to .05 and on to .10. If you saw the amount of shares that went thru from .10 to .12, you know the buyer knew it was worth that much. Probably the European guys...........they still have their money in here. Hoping it goes higher on this leg up. I have hit many shells since and am suprised that this deal is taking so long, but it gives another great entry point. Hell the name hasn't even changed yet before it was uplisted..........NEVER saw that before.
When this ran a couple years ago, there was a huge buyer that ran it up to .12. I think it's worth that much at least, I picked up another 14K shares today. Easy ten bagger. Noticed that the "E" is gone as well.
OK, I got in at .005, (only 250K shares)then this thing ran to .02 on an R/M rumor. That didn't pan out and it dropped to triple 0's. I lowered my average and added........had 2.5 mil shares. Sold 1.25 mil in the .005 to .007 range during the China rumor. After the split, starting buying back in when this slipped below a penny.
My shares were bought back at .0055. I sold a third for a ten bagger and now have freebies. That's how I play shells. BTW, I've hit MANY shells and a MAJORITY of R/M's come with an R/S. So it's good to get your capital out. Not being a downer, even with an R/S (most legitimate R/M's have an R/S of 30 to 50 for 1), the price still goes up after the split. Or stagnates, then bounces.
Nothing wrong with cashing out your Capital on a shell play. Makes the wait easier.
Wow, had thought you were one of the ones that cashed out on the China rumor. I have 400K shares averaged at .0055. But I made over 4000 bucks on the China rumor (I got in during the first run to .02, but didn't cash in on that one).
Shell players frequently buy shells and throw them on the back burner...........My philosophy is that a shell (and this one is a shell that has R/M'd) is a sure thing.........just a matter of time. I have on average 20 shells in my pile and hit about 2 a year for minimum ten baggers. Only problem is getting shares, and picking which shell to put a decent stake into. Only "big" hit I ever got was MRXT, put 2500 in it for a 15 bagger. Most shells, it's hard to put more than a couple hundred bucks into it because the float is so low.
In low floaters, I've had to go over the ask to get shares......looks like somebody just did that.
Someone bought that 500K last week and I'm at 400K, so there is another mil right?
Hey, I was in on this when it ran. There was a serious buyer that bought all the way up to .12. I think this will be worth at least that eventually. They spent a LOT of money pushing it that high. I sold out from .05 to .10 ( I got in at .006). I since took out another position at .02 and will add as soon as filings come out. Don't think this will go to the pinks.
Looked at my shell collection and a lot of them are up and active. Kinda weird, 200% CTNO, 140% CNGG, 76% SLAW, etc. Maybe it's a sign for a good shell year.
AVCP just went up 125%
NQHD 56%
Lot of these had like no activity for months. WTF
Not complaining, it would be nice to hit multiple shells at once, I usually am lucky to hit 2 a year.
Looked at my shell collection and a lot of them are up and active. Kinda weird, 200% CTNO, 140% CNGG, 76% SLAW, etc. Maybe it's a sign for a good shell year.
AVCP just went up 125%
NQHD 56%
Lot of these had like no activity for months. WTF
I'll raise my bid after the New Year.
Bids back down, maybe I'll get my 0008's.
Scottrade owns NITE. Not a lot of people know this. Kind of interesting since NITE is usually the hammer, or the one that is shorting.
This has been a small time ATM for me the last year or so. I have a small core position of 100K shares and have been buying 50K shares at .003 and selling them at .008 or higher. Just waiting on an R/M. Been lucky with a couple other Smith shells over the years. Too bad he's taking a break.
Interesting day. Most shares at the ask with the occasional small amount at the bid to keep the price down.
Did you up your bid? Looks like no one is selling. I'm gonna wait at least til next year before I up my bid.
If you guys would quit outbidding me, I might get to the million share club. LOL
Best I've done to date is RTGV from .005 all the way to .12. Also hit MRXT from .001 up to .015. Oh yeah, also hit FHAL from .05 (I got in at .25) all the way to 4.00. So I guess I have hit the buck mark.........but I only had 600 shares, so that sucked.
Yeah, my order is in at .0008. We'll see if it gets there. Have another at .0007 and .0006 just in case.
Think I'll put in an order in the triple 0's in case there is some tax selling. Still sitting at almost 400K, maybe I'll join the million share club, but only if the price is right.
Wish I would have bought more........only had 15K back at .005 as a lotto. Sold 5K at .05.........riding freebies and hoping for the best. I've seen shells break the buck mark..........never been in any but there's got to be a first for everything.