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I figured it had hit bottom, since the OS was diluted to the A/S, only 3 things could happen. Bigger A/S, R/S, or it goes up....33% chance is better than the lotto, so I thru in a couple hundred bucks.
Yeah, I actually got 1.5 mil shares at .0002 as a lotto pick. Gonna hang on for now, see what happens.
No doubt, it just pisses me off that the MM's can see a stop loss and walk down the PPS to get it. Very common on the big boards, not so common on pennies, but I've seen it before. Today was one of the most obvious ones though. Speed and size of the walk down is the main indicator someone's trying to take out a stop.
In my experience, plus I read it somewhere, when mirror trades happen, MM's are covering their short positions.
5K walk down. Look, all 5k blocks until someone's stop loss was probably hit. Poor bastard. He just lost over 100K shares.
Low volume shake out, good buying opportunity.
If you guys want a LONG opinion about Iraq from somebody that has been there. Let me know. I can write a couple pages. BTW I did two tours there, OIF, I pushed over the berm and went all the way to Baghdad, OIF II, I was there for the fall of Fallujah. Real different picture than what the media portrays.....I gotta step out for a bit. If you guys want my angle, let me know and I'll right it up when I get back in an hour or so.
I know SIRI was a penny stock at one time, don't know which exchange though. I bought it after it hit the NASDAQ. I have two accounts USAA for my big boards and SCOTTRADE for pennies. I only trade the big boards a few times a year, since most of my trades are long, (I have about 20K on the big boards over a period of 8 years or so)....NOW THE FUNNY PART.
I opened a SCOTTRADE account with only 650 bucks about a year ago to trade pennies as a hobby.
I've been up to 9100 and am now at about 6K. How about that. Wished I would have started trading pennies sooner.
Just read a story on the NY post about Sirius and XM merging. Thought I'd throw it out there in even though this is a pink OTC board. BTW, I rode SIRI from 3 to 7, then bought back in at 5.21 thinking that was bottom. SIRI is at 3.70 now. Here is the link if you guys are interested.
http://www.nypost.com/seven/02192007/business/heavenly_deal_business_peter_lauria.htm
You must have been playing over a long period. I was just scalping on the five minute chart. The thing I like about FOREX is no MM's. My biggest fault was discipline. I found several NO LOSE chart set-ups, the only problem is that since there are only like 30 pairs (compared to thousands of stocks), my for sure chart set-ups were few and far between. After staring at the screen for hours and not finding my chart set-up, I would get into a play using hunches and mostly lost, but when my chart set-up finally hit, man was it nice.
Don't try FOREX, if penny stocks are cocaine, FOREX is heroin. I got into FOREX and was trading from the time I got home from work till midnight every night. I forgot my kid's names, my wife became a stranger, then I finally gave it up. No MM's, didn't understand the fundalmentals and couldn't understand the news, so it was purely T/A. Turned 250 bucks into 1500 in days, then lost 1200 of that in days, got back to 1000 in a few more days, then back to the original 250. I finally had to quit. Thinking about taking it back up this summer though.
Yeah, freebies are the only way to go, my best play to date is RTGV, I got 77K shares for 500 bucks, sold 47K for 2500 bucks and have 30K freebies.
Now I'll give this lotto pick a shot.
AWYI, started seeing a re-birth in January, the couple times it tried to run, the MM'S shorted it back down (it recently made the SHO list). I THINK with the proposed changes, the MM's are actually covering nowadays instead of leaving open positions. The float is low, so it runs up on low volume, then the MM's push it down and may be covering. It's at .0022 now, but has made a couple of runs over .001 lately. I predict it will get off the SHO list in a week or so and they will let it run. I've got 100K shares at .0025.
Kind of strange on how people can't give up the dream. I was lucky and got out of CSHD with a multi-bagger (only have 100 shares left), as for SLJB, I have a minus 10 bagger.....my 500 bucks is worth around 50 now, but I learned and moved on. I don't even have SLJB on my ticker any more (or CSHD). In many, many years from now, if they get back to where they were, fine. If not....lesson well learned. When a stock freezes (CSHD) or drops like a rock (SLJB .10 to .1 in minutes), you can't really get out. I did manage to play the bounce on SLJB from .02 to .03 with 200 bucks, so I guess I'm only down 400. No kool aid here.
Just thought I'd drop by and see how this one is playing out. I got in at .02 and out at .01. One of my worst plays to date. Had many chances to get out at a profit but bought into the hype. Just letting you guys know. Still a fully reporting company that does make revenue though. I hope it works out for the longs.
Thought I'd throw another comparison in here that isn't as good as USXP or QBID......GWGO, it was at .0002 X .0003 for a couple weeks, then ran to .0007 on day one..... .0015 on day two...... topped out an .0023 on day three, the re-traced to around .001 to .0014 range before dropping all the way back to .0001 where it is today. Just wanted to remind people to take some profits on the way up or at least get your captial back. GLTU, I think next week we finally get out of the .000's.
Patience, as always with these plays. Ignore until you log onto your accound and wonder why you're up a few thou. It will happen, then comes the hard part.....should you stay or cash out.
I feel the same way, I am up to 18 shells, I am waiting for one to hit, cuz I plan on putting a couple hundred bones into LOTS of shells, 100 bucks could get you a mill in the right shell. The only R/M I hit so far is CSHD...yeah I know it was a bust, but I got out before it hit the greys....I also got RTGV at .006......Cashed out most of my shares at a nickel or more, still waiting on THE BIG ONE.
I was trying to get filled when it was at .06 a couple weeks ago. My fault for being a bid whacker.
No volume...good in my opinion, MM's aren't taking it down, and there are no bid whackers out there, now it's just a matter of time before whatever our big buyer expects to happen....happens.
ITSW, not a whole lot of action going on, I got a small position a few weeks ago, anyway, Pechala just released a report on them. Here's the link.
http://finance.yahoo.com/q/rr?s=ITSW.PK
Seems strange for him to take the time to do a report on a dead stock. I never buy any of his reports, but after he released a report on another stock I was in.....it ran shortly thereafter.
Guess we'll see if it happens this time as well.
ITSW, not a whole lot of action going on, I got a small position a few weeks ago, anyway, Pechala just released a report on them. Here's the link.
http://finance.yahoo.com/q/rr?s=ITSW.PK
Seems strange for him to take the time to do a report on a dead stock. I never buy any of his reports, but after he released a report on another stock I was in.....it ran shortly thereafter.
Guess we'll see if it happens this time as well.
Kinda strange, I had an order in at the bid all day for only 5K shares. I got a partial for 4200 even though it looks like most of the sales were at the bid. Oh well, better than a partial of like 500.
Closed at HOD....I smell a gapper.
There were 3, along with ALMOST mirror trades back at 2. Had the T&S screen on at work while I was making a PPT.
I'm suprised this hit 3 a couple times today. The float shouldn't be that thin unless somebody has been accumulating for MONTHS, let's face it, we really don't get much volume. Guess we'll see real soon.
Little EOD run starting.
Don't think there will be any sellers on the bid. My guess is that the spread will start closing this week.
Well looks like it may go today, 1.50 on the ask now. I don't have level 2 at work, how thin is the ask if you don't mind posting.
Me too. only 6K shares, now 200, but hey, I'm up over 50% as of today, of course I'm looking for a lot higher and have some more powder on the sidelines if news breaks. With only 500K O/S I don't think I'll be able to chase it if it goes, we'll see.
Well looks like it may go today, 1.50 on the ask now. I don't have level 2 at work, how thin is the ask if you don't mind posting.
Been trying to get a small position in CLIK, but can't get filled. Same for ZAXS..On ZAXS I have had an AON of 11K shares over the ask..BA .009 X .014...Mine is in at .015. In the last three weeks I only got a parial of 500 shares of ZAXS, at .01, that's why I went AON...Order of on 5k on CLIK at the ask, AON, haven't filled it in over a week. These shells are hard to get into sometimes.
Little nibble at the ask.
I wonder if Shakerzz is accumulating before running this thing again. He ran it twice last year, this time if he runs it, I'm getting out. I averaged down to .0003, Glad I didn't throw a lot into this...only have 2 mil shares.
That's what SC shows.
Anybody able to get filled on ZAXS. I got a partial about 3 weeks ago for a lousy 500 shares. Since then, I've been sitting over the ask with an AON and they won't fill me. Only 11K shares at .015 for about a week now. B X A .009 X .014 now.
Got an order in for more at .002, hate to be a bid whacker, but just want to add. If I don't get it, it's all good, got plenty already.
2.7 trillion might trade in a day, but that's not revenue. When you trade Forex, you don't pay any broker fees. They make money off of the spread....in other words, think of Forex bid/ask like that of the MM's on CHNW. With Forex the spread is ALWAYS the same depending on what broker you use. Example, if the dollar was trading and 1.00 equals 1.00 EURO, the bid ask would be .97 long, 1.03, short (the decimal points would be even more, but I'm trying to keep it simple). So if I thought the dollar was going to go up....I could buy the dollar for .97, right off the bat I'm down three cents, hoping that it goes higher than the three cents to break even and get a profit. If I think the dollar was going down, it would cost me 1.03 to short it, with the same scenario in mind. The spread is where the broker makes the money, so the revenues are WAY below the amount traded per day, but very lucrative nonetheless....BTW, got 1.5 mil CHNW shares @.0002, great lotto pick IMO.
Obvious that shares are thin. Only 400K got us almost 50%. If the buyer shows up again, who knows where this will go. I think The buyer showed up briefly Friday, the the rest was retail investors playing the bounce (based on block size). If news comes out, we're off to the races. Looking forward to confirmation tommorrow, flippers would have gotten out Friday before market close, but there wasn't a sell off.
Thought I'd throw in my little bit of knowledge on Forex, which I do trade. 2.7 trillion might trade in a day, but that's not revenue. When you trade Forex, you don't pay any broker fees. They make money off of the spread....in other words, think of Forex bid/ask like that of the MM's on CHNW. With Forex the spread is ALWAYS the same depending on what broker you use. Example, if the dollar was trading and 1.00 equals 1.00 EURO, the bid ask would be .97 long, 1.03, short (the decimal points would be even more, but I'm trying to keep it simple). So if I thought the dollar was going to go up....I could buy the dollar for .97, right off the bat I'm down three cents, hoping that it goes higher than the three cents to break even and get a profit. If I think the dollar was going down, it would cost me 1.03 to short it, with the same scenario in mind. The spread is where the broker makes the money, so the revenues are WAY below the amount traded per day, but very lucrative nonetheless....BTW, got 1.5 mil CHNW shares @.0002, great lotto pick IMO.
Have an order in for a lousy 55K at .0025. Won't fill though.
What selling. Low volume drops are usually retail bid whackers, or a couple small guys getting out cuz they're impatient. There was a ton of buys in the 08-10 range. I guarantee that guy is still in this. He must know something to put that kind of money into it.