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Food for thought, but take it for what it's worth. In today's newsletter of FA News, financial historian and investor Jeremy Grantham, said that bitcoin resembles the NASDAQ at the peak of the dot-com bubble.
I have no intention or desire to question anyone's motive on this stock board. First of all, never act totally on anything you read on them, without doing your own due diligence. Actually, the securities industry is one of the most highly regulated industries in existence. There are literally oodles of blue sky security laws in effect. However, the policing of these laws, especially with relatively unknown o-t-c stocks, is another matter. People hang around this and other stock boards for various reasons and motives. Although there are certain posting restrictions or guidelines in effect, people can post their opinions here, which may influence other's stock buying or selling decisions. This is the nature of these boards. Indeed, it's these differences of opinion, which makes a stock market work. If everyone had the same belief how a particular company's stock was going to perform, or the market as a whole, then there could not exist a market of stocks, as we know it, as everyone would be trading exactly the same, as everyone else.
Hey dude, I wouldn't be so hard on Surfkast. I'm sure he means well. He's one of the older long time stakeholders, like myself. It's just, I suspect, that he bailed out of Cyios, a tad to prematurely, when the "new" Cyios emerged, and he may be blaming himself for not waiting to sell out at a higher price, during its last recent big run-up.
Agreed. A stock such as this one would not be practical to chart at this point in time. That's not to say that all pink sheet stocks are not worth charting. An o-t-c stock that has developed a following and has sponsorship would be the exception. However, at this juncture, CYIO is still in the category that the majority of pink sheet stocks are in. Hopefully, this may change in the future as the company expands its operations, and begins to attracts a retail following.
The "new" CYIOS: a "diamond in the rough"? The "new" CYIOS has a totally "new" management team from its predecessor. Additionally, the "new" CYIOS participates in an entirely different industry from its predecessor, as well. a "new" field that the stock market considers to be an area of dynamic growth. Often times, early stage investors in these "special situation" (a term that certainly may be applied here because of it's new industry and management change) stock plays, have enjoyed significant capital appreciation, but patience must often be exercised, during the initial transition, as the "new" enterprise acclimates and proves itself, in it's "new" business.
I explained this earlier in one of my recent past posts, so stop worrying about day to day price fluctuations, unless you're a day trader, and I don't think you are. Stick to your plan. You bought this stock for a specific reason, that you felt this company has good potential for growth, so look at the broader picture instead. Nor should you get hung up as to reasons why the market behaves on a daily basis, the way it does. It is, what it is.
The market does not have any feelings and treats everyone the same. As students of the market, we're all learning. The sharing of ideas is one of the reasons for the existence of this board. Don't get hung up over terminology and labeling. The market doesn't care. Nor should you.
I doubt it. In hind sight that would have been a wise strategy, but it's easier said then done. Still another investment strategy which could have been implemented is operation "bait back". One could recover his original share purchase cost, and then see what happens to his additional shares, as he is now only using the house's money.
The important role of supply and demand in stock valuation: When there are more buyers than sellers, stocks have a tendency to go up. Contrarily, when there are more sellers than buyers, stocks tend to go down from the selling pressure. The good news is out, having ben released this past week on CYIO. Now temporarily, sellers have taken over, who have been taking profits on the news. This is a typical technical reaction, that experienced short term traders, deal with all the time. If you are a long term believer in this company's plans, however, just take a deep breath, and wait for the selling to subside, when the buyers take control, once again.
Often times large block institutional or major shareholder liquidation occurs in the after market, and also, the third market. Let this serve as a learning experience for you. After hour trading is real, and some times very significant, as a predictive tool, as to future market direction. Indeed, astute speculators who acted on the large block institutional or insider distribution, that I cited in my prior message yesterday, may have used this as a tip off, as to the short term correction, that CYIO's share price is now undergoing.
With the positive news release regarding Helios this morning, many buy order needed to be filled, as high as 65 cents. Conversely, some people choose to liquidate positions, utilizing the old Wall Street proverb, "buy on the rumor, but sell on the news". Thus, the shares started a retracement from early market gains. The last trade of the day that went through, is a case in point, when a block of 220,000 traded on the sell side. Market makers may have panicked a little at this point in their reaction, when seeing the above referenced sell, bringing the closing BID down to only 41 cents. It will be interesting to see where the shares begin trading tomorrow morning.
The term "manipulation is often times inappropriately labeled. If indeed, by definition, it is applicable, this would be a very serious charge, and is not taken lightly by Government regulatory agencies. Obviously, it's also a question of limited manpower whether every manipulation charge can be investigated, when it comes to the penny stock market.
Unlike some people posting on this board, I don't claim to know what's going to develop with CYIO's stock. Opinions here vary dramatically, but what I can say, with certainty, however, based upon many years experience in the market, owning all ranges of stocks, from the riskiest pennies, to the bluest of blue chips, is that all stocks have risk. What I do know is that it is rare that a company publicly announces that it has chosen a company that it hopes to merge with or acquire. This remains to be seen. Some newer stock owners on this board may think that CYIO has a limited risk because it's a low priced penny stock, and it cannot go much lower. They have an artificial sense of security in this belief. Don't be fooled. You can loose all or a large percentage of your money here overnight. The bottom line is that CYIO stock can only be classified currently, as an extremely volatile and risky pink sheet security, and is not suited for the majority of the investing public. As long as one is fully aware of the above, and still wishes to risk their money here, then all I can say is, good luck.
The date of this article would be helpful. Is any of this information new? It's interesting to read about the company's plans "on the drawing board", but more than likely, the shares valuation, have already taken all this information into account.
"supposed to"? The market is both an art and a science. There are no guarantees, as nothing is "cast in stone".
Bitcoin market cap. hits one trillion.
Agreed. However, the fact that this board is open to the general public, without any membership restrictions, as long as posting rules are adhered to, and are not violated, I doubt if there is anything that one can really do about that, other than to "grin and bear it".
Sorry! Don't be fooled. More than likely, the poster does not know anything more than you. Most of the time when you encounter a blind post such as this, the poster is toying with the reader. He is just interested in baiting you, in order to play with your emotions. Usually not worthy of a reply. However, the shares are approaching their 52 week high, and could be on the verge of a technical breakout.
Joli: Kindly read my message # 11302 which would also apply to your age statement message.(#11346)
When I read posts such as this, I begin to get a little nervous, because such posts, serve as a barometer to me as to the current state of this market. The exuberance of "easy money", in part, is going to be greatly responsible for the undoing of the bull. As we have been in unchartered territory with the market strength exhibited, nothing of which has ever been similar, many new market players, including young brokers, have never dealt with extended bear markets before. Many of these people will be caught red handed and will not know what to do when the trend reversal occurs, and judging by history, it will. The otc markets are the last to heat up and get their play, before the major correction occurs, which was previously noted by one of our knowledgeable board moderators, Surfcast, when he stated that the markets are now approaching out of control territory. He may have been a tiny bit premature, but a word of caution to the wise, be prepared. GLTA
Do you know what would make an interesting analysis?: Why would anyone with almost unlimited time on his hands, to write long winded reply messages, choose to use his energy, on an obscure penny stock board? Perhaps a refocusing away from criticism and lack of tolerance, of other viewpoints, that may differ from one's own, (actually if everyone had the same identical opinion of a stock, there would be no stock markets or stock boards) thereby placing more emphasis on what board members come here for in the first place, may help increase the strikingly low number of followers, earned from his many years of membership, as others may start to recognize and appreciate his efforts.
Joli, I find it interesting that one would need, according to your definition, to have a minimum of 100,000 share position, to categorize their holdings of CYIOS stock as "sizeable". You are basing this in your model on its current price of around 7o cents per share, yet with just an additional gain of 30 cents, you state that only a 10,000 share position would then qualify. Keep in mind however, that routinely, this company's shares have large daily price swings. Even yesterday, for example, the shares fluctuated between .51 and .70. Realistically speaking, with such large routine daily price fluctuations occurring, I would suggest your classification perimeters need to be increased, as they appear price wise, to be to limited, imo., as to their price cut off points, as to what constitutes a "sizeable position".
Axel: Unfortunately, this is just another example of a no win situation for either of us. Based upon our differing perceptions, and lack of willingness to admit when one spoke out of line, I don't anticipate further conversation on this incident will be productive for either side. You don't have to rationalize to me for your critical remark. I'm sure you know the old expression. "if you don't have anything nice to say, don't say anything". This coincides with one of the rules of the board, "do not post about other users", so I just as soon drop the entire matter now.
And you think before you speak as well Axel, and don't get carried away with yourself in the process. I was simply being facetious because no sooner did I explain to another poster on this board, that there is little fundamental or technical data available to substantiate, at this point, the making of a realistic P.T. of CYIO stock. This is clearly an example of a case in point, where your perception of my remark totally differs from what was intended.
"I knew we we're heading for $1". Therefore, you are admitting that you are an insider, and have access to inside information. Correct Joli?
I agree with the latter part of your statement only. If we are correct and the stock continues to rise, new higher areas of support should develop, thus keeping the shares in a higher trading range, preventing it from making new lows. Good Luck.
To me, this intraday shakeout or pullback is an effort employed by the market makers in an attempt to acquire some cheap shares from weaker hands. The market makers are fully aware that there are substantial blocks of shares that were purchased for just a few pennies by shareholders, who just might be frightened out. Eventually one of these pullbacks will end the stocks rise, but for now, the primary trend appears to remain intact.
Age is relative, and a state of mind. And good luck to you.
dude: It's not a question of doubting another poster, nor is it a question of trying to compare another stock, in an entirely different industry, to CYIO. I am just stating to you, and anyone else who reads this board, that it is unrealistic to arbitrarily pick a price target at this point. Not even a professional analyst would stick his neck out and attempt to realistically do this now. As previously stated, stocks get overvalued and undervalued throughout their life, but in the long run, the market will readjust valuations as needed. What a lot of new investors fail to realize is that sometimes the best intentions that a corporation has, do not always pan out. Nothing is guaranteed in the business world. Thusly, one must not overlook the large risk one takes in early stage investing, and not be blindsided. This is especially true in newer innovative industries. Were you aware that when the "horseless carriage" first began, there were hundreds of manufacturers that soon appeared on the scene? What happened to them? Likewise, there were also hundreds of computer hardware companies as well, in the industry's infancy, which, in actuality, helped propel the industry forward, as these new competitors helped advance product development, and also helped bring down costs. Do you realize how expensive the first color tv's were, and look how inexpensive they are today? You are a young optimistic investor, and at this time in your life, I agree that now is the time you can afford greater risks, as you have many years ahead to invest and recoup any losses you may incur. However, keep in mind, that most new unseasoned businesses ventures are relatively short lived. Good Luck.
Sorry, but it doesn't work that way. There is no way that one can arrive at a valid price target of its shares. You are doing exactly what other newer stock market participants, who just happen to encounter a potentially "hot" stock, may think. The fact of the matter is that there is no basis, either thru fundamental or technical analysis, at this point, in the early developmental stages of this company, to calculate any valid potential prices of its shares. You are pulling numbers "out of thin air", for the only thing one can say with any certainty, is that its market price will fluctuate.
It's true we don't know what type of mutual funds are owned. Their objectives are considerably different from one another, ranging from conservatively managed ones that invest in nothing more than Government t bills, t bonds and t notes, to those that invest in blue chips, or growth. Still other funds only invest in certain regions of the world, or perhaps, certain sectors ie: biotech, gold etc. So the range is immense, but nonetheless, they are all professionally managed, and notice I'm using the word invest, as they, as a generalization, are far less risky than penny stocks, which is the other extreme. Or perhaps one may want to consider ETF"s for diversification. Whatever the case, because of the risk differential existing between mutual funds and penny stocks, I found the statement in question, nothing short of hilarious.
And to you sir, a moderator of a penny stock board, who has a large following, and who now publicly states that he "will hold his mutual funds and be safe", I find, although unintentional on your part, I'm sure, to be one of the most humorous posts on IHUB I have ever read. GLTU.
The lack of understanding of some participants on penny stock boards truly is astounding.
It may actually be logical, imo. Historically speaking, with any traded goods or services of value in a capitalistic market economy, including equities, value of items will become at any given time, overvalued and undervalued, but ultimately the markets are always searching to find their true value. Such a reaction can even be seen in the tulip bulb market craze of Holland, hundreds of year ago. Yes, the stock market is in all time high territory, but the market is a self adjusting entity. New standards and norms are creating changes to our lives, and to that of society, which could never have been predicted. If this indeed, is the new reality, that the world now finds itself in, might not these new norms extend into established institutions, including the stock market as well? Indeed, it's a "whole new ball game" that the world finds itself in, and the reality is, that markets, which do not like uncertainty, are simply a reflection of this, as they continue to adapt to the events unfolding.
Yes, Axle, I have dealt with microcaps in my past, but also with value plays, growth plays. special situations, and blue chips. That's what happens when one becomes a "student of the market". Indeed, boards such as this may serve as learning tools for everyone, whether a seasoned pro or a newbie. The reality is that when one enters Wall Street, he is putting himself up against some of the shrewdest financial minds in the world. However, the market does not discriminate or show favoritism towards one's age, sex, race, religion, nationality, or ethnicity. What it does value is logic, common sense, market savvy acquired over the years, and independent thinking. Although one should not necessarily believe everything he reads on a stock board as people have different motives, boards such as this, may help level the playing field by giving one a bit more confidence, education, and if nothing more, some entertainment as well.
It was quite obvious to me that the shares we're going to pop immediately this morning. Those astute may have noticed that last Friday's close was a bid of .24 and an ask price of .39. Why such a big spread between the bid and ask? Market makers anticipated a rise on Monday as they had few shares in inventory, and with the growing demand, hence the high offer price in relationship to the bid. Now that trading has begun this morning, the spread has tightened, as would be expected. So that was the tip off, and your article, helps confirm this imbalance that now exists in buy orders over sell orders. GLTU Dude.
"Perception is reality".
I'm sure we're all very happy for you. However, the sharing of one's personal cost basis information, on a public stock board, is a clear reflection of the level of sophistication a market player possesses, or the lack there of. GLTU.
"Those that know don't say". "Those that say don't know". Such is an old Wall Street expression. In my case, I'm not saying, but I don't claim to know. The otc markets have been the home to many unpredictable stock plays. I remember a story of how an elderly person encountered a very unseasoned penny stock, and called her broker for advice. His response was that this company is much too much of a gamble,as it is unseasoned without any track record, and he would not buy it for her. You probably have guessed the outcome. She went ahead and bought the stock anyhow, and made a huge profit, before the stock price collapsed, wiithout ever having made a profit, and the company went belly up. So granted anything is possible in the otc market, but the question remains, that if this company has such great potential, as it is now starting to be touted as, why then is it still selling for pennies? On the other hand, the shares quadrupled when it ran momentarily into the mid 40's, before sanity took over, and it has now had a 50% retracement, which is perfectly normal in low priced plays. Frankly, there is still very little information at this point for one to go on, and I believe everyone on this board is in the same category as you and I. Anyhow, if by chance, there are any individuals who read this IHUB board that have privileged information, they of course, would be restricted as to what they could reveal here publicly.
Exactly. That's what I was attempting to explain to Joli. Although the markets are always trying to digest the latest news and events, sometimes it's people's beliefs, even though they may turn out to be incorrect, that in the short term, may temporarily influence or move markets. This of course, will be short lived after reality sets in.