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MEET has been very good to me. I've been patient since QPSA.
Just rec'd this...excellent analysis.
http://news.cmlviz.com/2016/07/20/care-com-inc-and-meetme-inc-head-to-head-compare.html
Ed
They should lock him up and throw the key away. Fortunately I'm only in for $5500.
Yes and in six months NASA will put someone on the Sun.
My B/E in my five accounts is 583; 135; 96; 2098 and 2187 respectively...and there are not typos.
So in my opinion all my investment is gone and it has a snowball's chance in hell of ever coming back. The only one's making any money are those playing the short game...and there are plenty more opportunities that sitting at the roulette table with NWMT. And so you get my perspective...I'm talking $70K down the drain.
How nice. That's the price you pay for buying a Chinese stock plus a Pinkie.
I don't recall seeing this information posted. If I missed it and this is redundant, I apologize.
http://sony.broadcastnewsroom.com/articles/viewarticle.jsp?id=1384886
Here's another valuation that is highly bullish on QPSA.
Just in and dated 3/4.
http://www.scribd.com/doc/50166671/ValuEngine-Detailed-Valuation-Report-for-QPSA
Nice counter to the SeekingAlpha bash.
My bet is that the Seeking Alpha schmuck has friends who are short QPSA. I've seen it before. But then, we probably have a lot of weak and squeamish holders too. It'll be back. Could have made a bundle selling at $15 and buying it back. Hindsight is always 20/20.
Here's a better article about Social Networking and QPSA.
http://www.thelion.com/bin/forum.cgi?tf=wall_street_pit&msg=2089287&cmd=r&t=
I'm not buying anything more until Renren goes public. Then I'm loading the boat.
Here's an article I just picked up and it is quite bashing.
I thought a while back Seeking Alpha was positive and supportive of QPSA. Now, these are independent writers so I don't believe it's the website per se.
Anyway, it is quite negative and I'm bothered that it is public to investors.
http://seekingalpha.com/article/255296-overvalued-third-tier-social-network-quepasa-should-be-avoided-or-sold-short
Oltimer, this is what I sent to PV. I'm can't be sure they'll give it to him. So I can't agree with you more.
First the “Leave a personal comment” button didn’t work. Therefore I am sending this e-mail to Phillip.
I feel that you wasted 50 minutes of my time.
The presentation was a sales pitch to justify NewMarket's PPS; blaming it on Market makers and thusly how to make a profit trading the stock.
Since when does a CEO advocate Day Trading of their stock.
To effectively Day Trade you have to sit in front of your PC to catch the highs and lows just right. Not everyone has that time. There are also other less risky trades one can make. Your high and low theory is flawed because you don’t take into consideration the Bid/Ask spread. Forget being able to get an execution.
Considering all the reverse splits that you have foisted on us, the stock is virtually worthless.
I have two regular accounts, two IRA’s and one SEP with NWMT shares. The Break Even now of each respectively is $583/sh; $96/sh; $138/sh; $2098/sh; $2187/sh. Hell will freeze over before the PPS gets anywhere near the Break Even’s. And you take 50 minutes of my time to tell me to Day Trade your company.
The market determines the value of a stock and the market is saying NWMT is effectively worthless.
I am out $73788 and not because I paid attention to headlines. No, I listened to what YOU said and reported.
I agree with you Charles. My only point was that the DT's were into QPSA. What I also see is larger sized trades...no more 100 shares. Scottrade doesn't show all the trades...so I went to T&S website which shows all. It's being traded on the BATS, NDD, EDGA, EDGX, NSX as well as the NTE and AMX.
It can only go up as it gets more coverage.
Also Charles...thanks for the personal reply. Appreciate it.
All I can say is that you were lucky. Never bet against the house.
I was just checking some websites that show where the trades are coming from and several trades were on NDD which is used by Daytraders. So they are having an influence on the swings.
That's because for the most part...they are amateurs. And/or they are into the stock for the wrong reasons...IMHO.
Obviously there are those that are satisfied with some percentage gain...whatever that is...and they move on. Some like playing the dips. I've done that to great advantage and gain and also have loss my butt which negated whatever gains were made when I was right.
That's fantabulous!
Not to get personal...but does that mean $400,000 in one day or for your total investment. For one day that would mean you have some 200,000 shares. Ouch.
Came home to find it traded 1.3 million shares and had to change my underwear. This is something I have been searching for for over 20 years. You see a stock at $50 and do a historical chart that shows it once was $0.25 and you say to yourself...wouldn't it have been great to have bought in then.
The other obvious aspect of 1.3 million shares is that selling 5000 shares won't kill the B&A. I'm in this for the long haul...as many of you might remember, I bought my first 1000 shares on 12/2/04 at $4.08. I've been accumulating since...my last being 1/20/11. I'm truly dumbfounded.
Maybe the MM's were providing all the focus on getting the PPS up as fast as it did.
Now being on the AMEX, PPS, Bid and Ask are less subject to the MM's and more orederly. So on one hand you get the visibility and credibility that the BB and Pinkies don't have but Bid and Ask quotes now become more conservative. I was watching T&S Friday and even today and now you see more penny ticks where before they were nickel and dime ticks on nickel boundaries. Just checked and saw 12.04, 12.05 and a high of 12.48. Before the 12.48 would have been 12.50 or 12.45.
I wonder if the MM's are dumping whatever they had in their tills.
That's if I'm right about their holding on to cheap shares.
I thought I'd see more action to the upside today.
Would have been nice to see QPSA opening the NYSE. Maybe they'll schedule that for the future.
We need to get it announced on CNBC.
I didn't see anyone post the actual announcement so here it is.
http://www.pennypayday.com/29/section.aspx/569/quepasa-corporation-qpsa-common-stock-approved-for-listing-on-the-nyse-amex-exchange-under-the-symbol-qpsa
That's right and it was Zerolove who hyped this piece of trash.
But I don't blame anyone but myself for being an idiot. I will admit that I knew what I was getting into but foolishly didn't think it would crater so fast. I've learned a lot since then.
Novak Capital pushed a lot of trash.
How about the dude Zerolove who hyped this to no end?
Well, right now there is no Bid or Ask so you can't simply put a Sell order in...as I tried a couple of days ago.
That means you have to call your brokerage firm and ask them to do it as a courtesy. I forget but remember that they give you a buck for worthless shares so it registers. You all know that in 2011 the IRS is being more critical of transactions.
Excellent point about it being inked weeks back when PPS was lower.
We have a tendency to overlook the true process as it rolls out.
Thanks for your objectivity.
I'm not a bit nervous. But I will say that I've been here before.
How many of you have been shareholders as long as I have been?
I have another stock that just raised $61mil with an issuance and they did it at the current PPS. Maybe the boys had Abbott against the wall. Abbott has an unbelievable VISION for where and how he wants to take QPSA. My problem right now is that I'd like to add to my 18000 shares but it's a bit steep even at $8.
I just checked out the form 4's that were filed and they show the following transactions at 7.50.
Ancira got 333,333 and now has a total of 1,333,333
Malcolm got 6,666 and has a total of 84,366
Blast Furnaces of Mexico got 333,333 with a total of 1,333,333
Mexicans and Americans Trading Together got 333,333 for a total of 1,333,333. So, without going back and checking when the million shares were given it looks like these four are the main investors. There were several other INSIDER transactions back in September. It would be interesting to see what price the three different million shares were acquired at. If I have time...I'll look.
Ed
I'd rather see pure financing rather than stock as it was done in the past as the lenders that got the stock all dumped it for the most part when it hit 12. All the ducks weren't lined up either. Abbott has been the best thing for QPSA. The other thing that I strongly believe is that QPSA is not a "pump and dump" stock. I think it's quite sound with the right long range strategy in place.
Patience Rick,
I've been digging turnips and rudabegas all week.
Get your mailing address to Chas.
Surely the market makers are keeping things under control. That's goodness. With all the publicity on Seeking Alpha and Facebook and the good news on QPSA membership and hits...$10 could be a drop in the bucket
That'll be great. You probably forgot that I committed to a dinner some time back. I'm a man of my word. I'm not a premuim member either. I'm too busy to be on the boards like I used to be. Lots of new names.
Thanks, I tried another of his addresses...nicholasP...maybe it's still active. Otherwise I'll just wait to hear from him.
I'm one of the early players and was in when it hit $12 and didn't sell any of my 12000 shares. Then watched it trickle down...but I hung in there and averaged down. My 18000 shares are making me quite happy and rewarding my patience and confidence.
Beachside Freddie got me into it and say what you may, this is the only stock I saw him recommend. I tried e-mailing him as I had his direct e-mail but it's no longer active. I owe him a promised dinner. We need volume to get it to explode. The new management deserves a lot of credit. Once we get out of the Pinkies and on to one of the reporting oriented exchanges we will be in for a big ride. When I first bought in back in 12/04...ouch, that's six years ago I saw QPSA as a takeover opportunity sooner or later. Still might happen. Hopefully all the stock that was issued to lenders back then has been purged so only the serious folks who want it to skyrocket and are willing to hold...are in it now.
Yes, this is the old NMKT with a reverse split and just about worthless. I have 18930 with a BE of 2.92, 7388 with a BE of .68, 520 with a BE of 8.41 Duh! 10245 with a BE of ,44, and 587 with a BE of 7.15.
Now, am I a shmuck or what.
Yes, this is the old NMKT with a reverse split and just about worthless. I have 18930 with a BE of 2.92, 7388 with a BE of .68, 520 with a BE of 8.41 Duh! 10245 with a BE of ,44, and 587 with a BE of 7.15.
Now, am I a shmuck or what.
The reason the charts show 585 as a high is because of the reverse split. I once had 25000 shares in one account @ 0.04 and 0.09 that are now "5" shares which means my per share cost was $360.00
Whoopie-Do!
You are far better off than me. I've got 21000 at .049 and 18000 at .08. Talk about getting scalped.
Looks like some nice publicity.
http://www.tradingmarkets.com/.site/news/Stock%20News/2728568/
That's where the data I posted came from. I wasn't aware you could post links...until I saw your reply. Now I know better. Thanks