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.
Playing shells is great, but can be frustrating. I picked up 15K shares of ZLNK at .005 a while ago. Almost bought another 100K at .001, but bought another 100K of CTNO instead, remember debating which one I was gonna throw a measley hundred bucks at. ZLNK is running and is at almost nickel as an R/M is in the works..............now I just gotta wait this one out.
WOW, picked up 15K shares at .007 a while ago. I throw a hundred bucks at low float shells as a lotto play. Looks like I hit another one. If I could only figure out which ones were gonna pan out, I'd throw a lot more at it. GLTA
Not getting filled at .002 doesn't make sense. I've had a GTC in for weeks now at .001. I got 15K in the morning, then the other 85K in the afternoon.
Can't complain, I got another 100K at .001. Now at 400K.
From a shell player..........I've only hit a couple, but here is a good example of a past shell. RTGV.........went from .005 to 2 cents on rumors of a merger, then the merger fell thru. I didn't get out. It fell all the way down to .0025 and floated from there to .007 on low volume for months. Then a merger happened and it went all the way to .12. Merger went thru about a year ago and it is at a penny now cuz the new company still hasn't fullfilled it's promises. I got out at a nickel......that one had a 60 mil float. BTW, there was a big buyer that was buying all the way up to a dime, so I think that company is worth at least that. If CTNO does an R/M, then this one will fly with the low float. My personal opinion that the merger is over and Chris is behind on getting his plans done. UOMD merged into SLAW with a 30 to one R/M and that hasn't gone anywhere yet either. Sometimes after the R/M it still takes a while, but you should get your capital out before an R/M is done......just like I did here when this was CGGP. Riding freebies and buying back in is much easier on the nerves.
Took the survey, rounded down to 300K have 330K. When do we find out the results?
I was in a R/M with lots of news.........turned out to be a bust (FHAL/CSHD), but it went from subpenny (I think), to a nickel in one day. That's when I jumped in. Day two it went from nickel to quarter, then day three it hit a dollar. It settled there for a couple weeks before making runs to 3 bucks, back down to $1, then a final run to 4 bucks before busting. Now at under a penny..............point being, the float there was 30 mil. If this does move on news, it'll be a FAST mover.
I got another 30K at .002.........partial, weird to get a round number on a partial but I'll take it.
I raised my bid to .004 today, but no joy. Still think this will hit .03 on no news. All shells eventually run up to a Market Cap of 500K. For whatever reason. With the economy the way it is, not sure anyone will be expanding or starting up. Hope I'm wrong. No news and no volume is the best thing for this stock until CM decides to do something with it............he didn't buy the shell for no reason........even if he does a pump and dump, we'll be in on the ground floor.......if he builds a REAL business, even better. He can't dump now anyway, nobody is buying.
Whatever gets us going. I've been in a couple of mining stocks though............that's why I'm skeptical. It's easy to guestimate value when "exploration" is a common word.
We all hope for the BIG one. I was actually in CSHD (FHAL) when it went from .05 to 4.00. Unfortunately it was a bust........and I only had 1K shares I bought at a dime. I cashed out most in the 2-3 buck range though. PXPP went from pennies to 10 bucks, so you never know. Chris's silence is actually the biggest indicator that this one might be for real. I tried buying another 100K at .003 today, but no joy.
Still sitting around with 500K of freebies.............
I was in this back in the day when the merger hit.........in fact this was my first shell to ever hit. I was in it with you, remember that their was a HUGE buyer causing the run and he was buying all the way up to a dime and somtimes higher, .12. So, I think that it will be worth at least that much. I jumped back in for a small amount back at .02 six months ago. Just checking in................GLTA
Mining.....we all know how that goes.........however I wished I would have kept all my shares...........I sold 20K when it hit .03. This was a lotto play with only a hundred bucks back at .003 anyway. We'll see what happens.
Been playing shells for a couple years. I got in this one over a year ago and cashed out my capital when the rumor of a telecomm merger hit. I came back in last week for one simple reason. All shells/companies have a market cap of at least 500K. Go thru the charts and even with no news, they eventually hit it for whatever reason. I feel this will at least hit .03, so the proverbial ten bagger will happen. Case in point.............CNGG, I bought 30K shares for .003 ( I like to throw little sums at low float shells as lotto plays). It hit .05 and is at .03 on no news and low volume. Nothing like turning a hundred bucks into a grand.........I do it quite often and sometimes I really hit it..........MRXT and RTGV payed really well since I put more into them.
Anyway, this will eventually boom, I was waiting for it to get below .005 before jumping back in. I'm in now.........just waiting like everyone else........will probably slowly accumulate untile she blows. (BTW, only have a 100K shares, all freebies bought with profits from the last run).
Float looks pretty thin. Up a lot on no volume.
Hit it's 52 week high today........not that it matters, but volume is picking up lately.
Just tried to get 20K shares in AVIX as a lotto, filled me 8K and raised the ASK. Very thin.
I agree in all cases except shells. I'm a shell player and the way I play shells is to buy them and put 'em on the backburner until they hit. I hit three last year, RTGV, TLBT, and MRXT. Just bought and held, somtimes adding. RTgv took a year to hit, but I was in at .006 and it ran to .12. MRXT took around 7 months, In at .0015 and it ran to .017. Shells are the 10 baggers we all look for. Just don't put too much in cuz it may be a LONG while. I've had some shells for years now. As for fast movers, I'll take 10% all day long. I've got 2 mil shares here for at .0005. I won't sell until at least .005 or more. Even if it takes years.
What the hell added another Mil. (have 2 now). I've rode a couple 000's to pennyland before. Maybe it'll happen here.
UOMD......PR'd it was going to do an R/S of 30/1 and seek a company to RM with, several weeks prior to doing it. I bought pre-split knowing it was a legit deal and they were thinking of their investor base. They just RM'ed into SLAW and I'm about even with my pre-split shares.....that's honesty and a commitment to your existing investors.
Kinda weird this morning, had a couple bucks in a B of A account and put in an order for a 100K shares at the ask. Still hasn't filled.
Going up lately on no volume....see what happens.
Shells can be frustrating....as for the R/S theory, I've been burned as well, however, the shell usually runs on news before the R/S. I kept averaging down on MRXT till it bottomed out at .0007. It ran to .017 and I got about double my money before it did a 1000-1 R/S. Could have made a killing, but started drinking the kool-aid. I tried gettin more today at .0003, but no one was selling, missed out on yesterday's sale.
I'm a shell trader and pretty much value a shell at around 650 thousand, since this is about how much it costs to buy one. If the market cap is below that, then I'll get a position. On the real low floaters, they tend to run a couple times a year for no reason at all. When this happens, I get my capital out and keep freebies. I.E. ITSW, ZLNK to name a couple.
Wish I had more, this was one of my couple hundred dollar lotto picks last year. I did hit several though. RTGV, TLBT, MXRT, all for five bags or more. Nice to turn a few hundred into a few grand.
SLAW showed up in my account today.....see what happens
This one runs a couple times a year, not sure why, I've ridden the train twice now. Buy at around .0005 and sell for at least .003. Get it while it's cheap. It'll run again.
Hey, just found something out, while looking into shell stocks.....had some free time. I went to a couple sites where they sell them. Of course they don't give out the symbol, just the float and such..............BUT, some of the sites give out CIK numbers, last filing dates and what form it was, tranfer agents, etc. With a little research, I tracked down a couple companies that are publicly traded and since they are "for sale", I wonder if they will merge sooner. Just a thought.....Might do some more research on this in the following weeks. Just to give you a tease, here are two I found tonight. Haven't done ANY DD other than I know they are advertised as being on sale.
IBCO
BFHI
Gonna keep an eye on them as well as researching some more............let me know if you guys have any DD on these two.
UOMD, this was one I've been waiting on for almost a year. Happening now. Shellstock says 10+ dollars, not sure about that, but I know the float is under 500K shares. Here is the link to SEC filing.
http://www.sec.gov/Archives/edgar/data/917821/000124387507000049/schedule_14f1-20071224.htm
I've only got a few hundred shares, but have been waiting for a while for something to happen. One of my lotto picks from last January.
I just bought 2500 @ .04 and got filled right away. I had over 77K at .006 and sold out from .05 to .10 in January, my best play of the year. just threw a hundred bucks back into to see what happens. Maybe I should have kept some freebies.
Something up???? Still have my little 30K shares. Think the float is only 2 mil here.
Anybody notice the movement on ZAXS? Been slowly going up, haven't been able to find anything on it.
picked up 11000 shares back in Feb for a hundred bucks, a lotto play, seems like I might be hitting another one. Hit a couple this year.
Bought some more at .004 today, I've been in since FEB. Low floaters always take off for one reason or another. This one will eventually work it's way back to a penny, if an R/M hits....then even more.
I hate catching a falling knife.........hope this is bottom, been averaging down since .07...................only good news is I caught the run from .10 to .20.......in at .10 and out at .16, still down 50% overall though. Could have sold a couple weeks ago for a profit when this thing went back to .11, oh well, see if this is bottom.
Those were mine, have 2k shares, decided to get rid of 500 of them, couldn't even do that.
Mine just got converted as well, since they are all freebies, I think I'll let this play out a while.
have 50K shares I bought MANY months ago at .004. Let's see if this shell is ready to go.
MKT OT, anything on MBTT yet.........them Koreans can be illusive, still holding and waiting, have averaged down to .0015 though.