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Silence and lack of confirmation has fueled today's sell-off ...same silence and lack of denial should fuel the recovery! ...well worth the gamble in my opinion.
Good to see you here rkor! ...nice timing
now at .002
Dumping provides a nice entry for everyone watching on sidelines. New round of speculative buying should drive this up again. Way too much interest to simply die.
I agree... Silence from both companies will fuel speculation! This ain't over!! Too many looking for a lotto ticket;)
you and me both ...gave up and waited for a pull back. What a show!!
You betcha! If someone doesn't get a solid denial from one company or the other ...this could continue to run hard (starting with a gap Monday). Watch them pullbacks though; profit taking will be violent!!
Have a great weekend docholidayisback
In response to:
"Plus, the stock price was already way up before anyone on the board here even picked up on it...which in my opinion is the market makers buying up shares to cover their shorts. "
Sorry... I looked at L2 the minute jengrey86 posted the alert on BB's Stock Haven board. A wall of MMs had setup shop at .0006 ...and only one lone MM on .0005 bid. That range was only one tick above the .0004 X .0005 chart floor. The alert set off panic speculative buying!! The first solid pullback provided an entry for many playing this today (including me). Continuation Monday will be purely speculative if validity of document cannot be verified over the weekend.
Thanks for your thoughts moneybuilder102
Good to see a voice of reason on this board. No one here can in good conscience reference that document as a solid source. It was anonymously posted on the document hosting website then immediately linked here on a stock message board. Intent was obvious ...PROFIT!
Nevertheless, I would love to see this document verified by a credible source. Many holding would benefit exponentially from that event!! Unfortunately, these stories don't usually end that way. I'll hope for the best ...but expect the absolute worst. Witnessed this scenario go south way too many times!
I expect a ton of research posted here over the weekend. I'll try to catch up Sunday. Best of luck to holders here!
yep ...like watching a crack in a dam ;)
Interesting! Living in the U.S. ...with our structured work weeks and holidays, I didn't even consider the cultural (and work schedule) differences. It appears that the Chinese are forced to "pay back" at least part of the time off by working weekends before and after the holiday.
http://www.pekingduck.org/2010/10/chinas-mystifying-holiday-system/
If someone want's to build a large position on the cheap in next few days, they best go get that bag o'tricks outta the attic.
Level 2 is an old fashioned stand-off! ...and VERT's in the middle of the street alone ;) Only reason he's still there is no one's willing to step up and force him empty his shooters!!
Entry here is a pretty safe bet based on accumulation pattern. I think we'll see more anticipatory buying in next few days to support this level. However, timeline is still indefinite. Company is still at the mercy of a very old and slow moving bureaucracy.
From last news release:
"The Company has received confirmation that all the necessary permits have been approved, and have been submitted to the Inner Mongolia Provincial government for final validation. This should follow the Chinese National holiday which ends on October 7, 2010."
Best not to count on an immediate release following the holiday. I'm using this time to add on dips.
Maybe assegal should go to all the "hot stock of the moment" boards and warn them about CCTC ...just in case anyone gets wind of the quiet accumulation going on here ;)
Hope so ...definitely bring proud Irish genealogy to our investor group ;)
yes it does! not much for sale in this range
...by the way soup, many thanks for all the info you've gathered and shared here.
Thanks Steve. My timing's not always that great ...maybe this time'll be the exception ;) Daily accumulation looks solid.
The last big run (in February), I bought in the .04s and sold around .12 ...right before it ran to .40s. Great entry timing; but not so much on the exit :(
I agree ...back in today
Gap in chart from 9/24 now closed
Buying pressure continues this morning ...let's see if accumulation continues.
depends on who's selling!? ;) If it's the company or a financier with a load of shares to unload... yes, I'd agree! They're not even letting it breathe.
yep ...destroying all interest! I sure wouldn't touch it!!
WOW ...if someone intended to kill interest here, they succeeded!
Hello All.. Does someone have the current share structure for DGMA. I can't access otcmarkets.com this morning for some reason. Thanks
Yeah, well, that's just like, your opinion, man!
...sorry, that was a little un-dude of me ...LOL ;)
Have a good one duderino!
cjstocksup, the only thing I can find in financials that would justify selling pressure is uncertainty surrounding past and imminent future preferred conversions for debt settlement ...and additional share issuances to meet other financial obligations.
The most recent statement concerning share structure in the 10Q is... "In July 2010, we issued 96,536,428 shares of common stock pursuant to the conversion of 130 shares of Series J Convertible Preferred Stock." ...This is a conversion rate of 742,588 common to 1 Series J Convertible Preferred. In addition, the 10Q states 2,605 (less the 130) remain outstanding as of June 30th. This justifies the AS increase to 2B.
Consequently... to get a fully diluted view of outstanding common share structure, we'll have to look at conversion terms of each series of Convertible Preferred and add 'em up. I'll try to do this over the weekend.
Even if all notes and preferred share conversions results in a fully diluted OS of 2B, that would give NWMT a market cap of 2M as of today's close!! ..."that's less than half of cash and equivalents per balance sheet". Incredibly undervalued ...IMO!!!
Have a great weekend, we're good here!
I don't think you'll have that problem again Penny_King ;) Person mark!!
...sure hope you loaded up at that level!!
Hi ABC ...now that NWMT has brought their status to OTCQB - U.S. Registered at otcmarkets.com, you can get real-time level 2 (or very close) here:
http://www.otcmarkets.com/stock/nwmt/quote
Here's to higher days ahead! Cheers
isn't that HDSN hiding up there at .171 ??
Isn't that the truth! anyone who's watched these situations play out knows exactly what's happening MM side!! ;)
Unbelievable watching L2 today!!
I like the reserved professionalism in the release. I've been out for a few weeks ...but watching closely for news. Back in today when the alert hit!!
Bid support at .27 held again; if overall market turns, we may see some buying pressure!
I agree 100%. I'm ignoring the ridiculous headlines! ...but regardless of how attractive an entry looks, its bound to get beat on again the next day. Everything (regardless of how undervalued) is turning long-term.
This is the environment that turns when no one expects it ;)
Very quiet here? I'm sure I'm not alone watching this one. Took my first position in OXGN today ...after .27 support held during this morning's market sell-off.
Directors were buying at .38 in July. That in itself makes this a much more attractive entry and hold. L2 is shaping up above .28 now! Looks very skinny through .30!!
crazy market right now ...and the media's sure not helping! Ridiculous gloom headlines are dominant. Read this morning that the housing market will "never" recover! What a load of crap!!
On the bright side, indexes are putting in higher lows on the intraday. Might just see a little turn here ;)
that's an interesting development. thanks for the info
Hard selling pressure into close! Highest volume all day in last 10 minutes. Looks poised to go lower tomorrow. Shorts are sure feeding on all the gloom in the news!! ACAS is quickly approaching 1/2 book value.
yep, you and I both! 4.90 bid just keeps coming back for more though!! ...selling pressure at that level has been ridiculous today! and volume at bid has mirrored major index plunges. Shorts would love to see these levels fail ...might see 4.50 pretty fast if that happened :(
Good to hear from you too!