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In my experience, MM's don't pay any attention to news of any kind until a run develops. then they come out with a strategy to kill the run. Good example is SSSU, now GOIH, on a name, cusip change, it shot from .008 to .07. After the change went thru, it dropped back down to .008, it took about two weeks. Shorts IMO have to cover the cusip change, but after the change, they just go right on shorting under the new cusip.........probably more so, since they lost money on the run-up prior to the change.........MM's hate to lose money as we all know.
We've been on the SHO list for over 13 days. My guess is that when this stock saw a lot of action back in January, the MM's didn't have an inventory and shorted it. The volume when it is low hasn't been enough for them to cover, we know that they hate to lose money. My guess is that once we come off the SHO list, they'll let this thing fly. I managed to average down to .0022. I think .002 is around the base and most shares bought here or below are them covering. JMHO.
Thanks........have seen your screen name in a couple threads, I'll let you know of any plays. I got a couple bucks to throw at it. Check our TLBT, some recent news, I only got 5K shares ( a partial fill from Feb. On these shell plays, I've noticed that I've had to use AON, otherwise I get a small partial and in at least one case, it was less than the commission...that was ZAXS, got a partial for only 500 shares). On TLBT, it's only got a 10 mil float, it climbed right after the news and then fell, it's an R/M play, so now would be a good entry, but getting shares is tough cuz of the low float....I got it off of Rock Lobster's Golden Shell board....I've seen you there as well.
Another is MRXT, I actually put twice as much in that shell as I normally do. A Mark Smith play......I'm thinking by this summer.........as always, shells require patience, but the pay off is big......unfortunately, almost 2/3's of my penny stock portfolio is in them, so it's boring......I think I'm addicted to shells.
I don't follow the daily ticks....last shell I was in, I checked in every few days or so, then one day it was up almost 1000%, I sold 20 percent for a decent profit, then started watching it. Call me stupid, but if my name was Mark Smith, and I had a shell called Marx, and I was rich, I think I would be kind of sentimental and wait to merge it into an especially lucrative company.........just me dreaming.......or not, we all have a little vanity. Either way, I'll sell 10 percent of my shares here at .02 to break even, then start making some real money.
Three months is actually a long time in penny land to keep your money. I think we'll see/hear something soon, it's amazing to me that we have kept the gains without news........I expect something by the end of spring at least....anyway I'm on freebies, so it's easy waiting.
I've got a little bit of both, not much though, only partial fills on both back in Feb. didn't want to spend anymore on commsission, so just kept what they gave me.
Got 100K @ .002 and another 100K @ .0021....kinda pissed my extra 20K at .002 didn't get filled. I'm done for now..........400K total. If this thing doesn't take off soon, I will be adding IF I make money off of other plays............think it's not an "IF" play, it's definitely a "WHEN" play. My thinking is sometime this year.....maybe before summer. Gotta have patience with shells, I don't play only shells........too boring........but when they hit, they hit big. GLTA
Kinda BS, I have an order in for 120K at .002, I got a partial for 100K, then more orders went thru, but my remaining 20K isn't filled. If I got the first 100K of the day, my remaining 20K should have been next in line.
Getting some activity today, all at the ask....wonder how thin the ask is....at work with no level II. Didn't think there were that many shares at .06 available.
Getting some activity today, all at the ask....wonder how thin the ask is....at work with no level II. Didn't think there were that many shares at .06 available.
Finally got filled, only a partial though.
What's up with the cock blocking...002 X 002, and I'm over the ask and can't get filled.
I tried at .035, .04, and .045, all times on the ask and never got filled. I never tried above the ask though.
Holy crap, I just read the PR and your are correct. I read the PR several weeks ago, don't know why the hell I got the 5th into my head instead of the 8th. I sold my half shares too soo. LOL...well it's actually not funny.
Just venting, the money I got out of RTGV has actually grown, put 300 of my profits into CHNW and it was a 5 bagger, put another 300 into PLMA for a 3 bagger. So I'm doing fine, but this thing should have taken off by now. I'm here to stay for an explosion.
I've got freebies only, but my patience is getting thin, can you guys get me to ignore this stock, cuz I know it's gonna take off. I already took out a 5 bagger on my capital, but it's hard to let this free money just sit on the table when I am seeing many other places I could put it. Definitely not my strategy, but it's tempting.
This run (PLMA)is because of a divvie. I think today was record date and tommorrow is "x" date, so it should fall. Just letting you know. BTW I dumped half my shares (in at .008) and am keeping the rest for the divvie.
Hey I got in at .09 last year. I did average down to around .06, so I'm just now seeing green.
I think the last time I got a divvie, they're not too common on otc's/pinks, my Scottrade account showed an asterisk next to my shares to indicate that any shares bought did not include the dividend, or maybe it was when you went to buy more shares, guess I'll find out tommorrow.
So tommorrow it should be trading with an "x" right, well I think scottrade uses an asterisk.
OK, made some money off of PLMA, so I picked up another 80K on the ask. I sat on the bid all day Friday and most of this morning. I've been EXTREMELY LUCKY on my timing this year, so let's go Mr. Smith, sell this shell already.
I sold half at .03 for almost a two bagger, on freebies now. Not sure what I'm gonna do with them tommorrow. Probably dump them, since I think the price will drop after x date, I can pick them up cheaper later.
I've been in a couple divvie plays on the pinks/OTC. The important thing to pay attention to are the record date and the "X" date. Basically in this case, the record date is March 5th. Which means that at market CLOSE, if you own shares, you will get the divvie. Tuesday, is "X" date, which means that any shares bought, are bought without the divvie attached......in other words, If you sell "ALL" of your shares on Tuesday, your account will show the cash and "NO" shares, but on the "PAYDATE", your divvie shares will show up in your account. There is actually a "HUGE" advantage in knowing this, because on divvie paying stocks, there is a run-up leading to record date, but investors are reluctant to sell their shares, until the divvie shows up in their account, knowledgable investors will buy into the divvie and then dump on "X" date, getting a good return "PLUS" the divvie. Hope that helps.
Haven't decided yet. Maybe sell all, or maybe half and keep half for the dividend. Regardless, I'll at least get my capital back on the run-up.
After the A/S increase I still stayed in because I know the difference between A/S and O/S. The BIG RED flag would be if the T/A gets gagged, which they aren't. You can call them anytime.
Nope, Don't really care about this POS, just letting others know where this is at.
Been trying to sell my 1 mil shares since October.....yeah I said October. I got in for a lotto pick when this was PRRM. I should have gotten out when it touched .0003, but thought it was finally gonna run. FYI, I started in the penny market last February (2006) as a hobby. I've been doing well (up a 1000%), but I can't get rid of this one. This is my only long term hold, and not by choice.
I am already in, tried to add more at .002, but couldn't get filled. May be a good sign.
Have 31K shares @.009. Been waiting patiently. I think it'll hit close to a nickel on the record date. Wondering what kind of sell off we'll see after x date.
At market open, the bid on scottrade showed .03 by .07, I didn't open level II. It ws on the streamer. Around 1000 EST the bid tightened. Doesn't matter though, still waiting on a move. I tried buying more when it was .035 to .04, but couldn't get filled.
Inertesting spread this morning. 03 X 07.
Hey playing shells is all about patience, I held onto RTGV for 10 months before it moved, but 1000% (10 bags) in less than a year is more than any mutual fund I know of. IMO, I think my next strategy, (when I sell some stuff off), is to get a core position in a shell, then get a flipping position, example: you could have flipped MRXT from .002 to .0025 or so many times this last month. After Patient flipping, your core position will be all freebies. Just a thought. If flipping doesn't work, then at least you will have more shares in a viable shell.
Yeah, I'm still in. It's on the SHO list, when it gets off, I think it will run. I'm averaged in around .0037
Hey Mike, how high do you think the Kool aid drinkers cand push CHNW. I still have my 1.5 mil lotto shares. I remember you calling USXP last year. When did you get out?
My bro is no longer involved, so I can't make any prediction on where this is gonna go, of course he still has the 700K of restricted stock, but that's like a back pocket kinda thing, not even interested in it.
Still have my 1.5 mil lotto shares at .0002. As long as the kool aid drinkers keep the MOMO up, it's worth the ride. I quit drinking kool aid after SLJB.
I got nothing to lose, on freebies now. Tried to buy some today, but MM's aren't selling. Makes you wonder.......why post an ask, but not fill it.......it was an AON, I do that sometimes to see how thin shares are, and they are thin.
Kinda cool, my brother was the one that made Icelounge.com. It's in the SEC filing, he sold it, not because it wasn't profitable, but because he got tired of running it while pursuing other business interests. BTW PDC, I've been getting into other shells, thanks for your picks. My bro just told me that the deal on icelounge went thru, so I was doing DD on the company he sold it to. It's actually a great engine that is ahead of it's time, if ASMH utilizes it right, they can give myspace a run for it's money. Guess we'll see.
Big buys were going thru at .10 and .12 a few weeks ago. So when is this buyer gonna get rewarded? That's the question. I'm waiting with my freebies, got lucky on a couple picks recently and might add more. It's kinda hard to buy at .05 when my initial buy in was at .0066, but I think she'll go. Might have to drop some more into this one.
I'll give up a fifth of my shares at .001, then ride free.