Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Hello All:
My Penny stock experieince:
I bought CWRM @ .08 and below. My investment is now worth $5.39.
AT the same time I bought Carroll Shelby International Inc. CSBI:OTC @ .16. It is now at .78.
You know, Carroll Shelby the Race Driver who converts Ford Mustangs into Shelby GT's etc. They have signed with Ford through 2014.
CSBI has a board here but little activity. Also see:
www.shelbystock.com
I just watch CWRM for entertainment value, misery loves company!
I'd sell CWRM, but it's not worth the commission, so I'm waiting with everyone else for the "big" jump to occur.
Regards,
Could anyone guess at and describe under what circumstances a "non-insider" would have a third of a billion shares that are profitable to sell at .0001?
Would they have received such a quantity for free?
Rookie question,
Thanks & Regards,
Yesterday's volume:
5/29/07 338,716,600
Could you buy CWRN for less than .0002?
I have a Scottrade account. Their internet trading system won't allow entering a order for more that four places to the right of the decimal. I just called a local Scottrade office and spoke to a "Broker". I asked if they could manually enter a limit order that was five places to the right of the decimal; i.e. a buy order for .00015. The Broker checked and said no, four places was the limit. He said "it may" be a limitation of the "trading system" itself that will not accept such orders. I'm not sure I believe this, but I don't have the info to argue the point.
The question is: How do you know that you couldn't buy for less than .0002 if no one has ever been able to place a buy order for less?
Is this a Scottrade limitation? Could some of you other listers who are with other brokers call them and find out if they would be able to place a buy order out to five places or more, i.e. .00012 through say .00018?
Last month I placed a buy limit order for CWRN at the ask price of .0002. I was shocked!, shocked! to find the trade executed at .00019!
That proves that five place trades can occur (apparently only through dumb luck). The question now: Is there a way to MAKE a five place buy order?
Apparently not through Scottrade. How about others?
I would like to place a buy limit order at say: .000125 just to see if it would execute. If not, then one could raise from there. After all I did accidently buy for less than .0002, now I would like to purposely try to buy for less than .0002.
Best Regards,
Review post nos. 1415-1418. You probably can't buy at .0001, but what whould be wrong at possibly buying at .0015 or anything under .0002?
Regards,
It has been pointed out to me that the link in my previous post regarding CSBI hiring a PR firm has expired and doesn't work.
Try this for the same press release:
http://www.prweb.com/releases/2007/3/prweb513490.htm
Regards,
In Yahoo lists etc., you have to add .PK to it to come up at all. That's CWRN.PK Maybe that will work for you.
Regards,
OK, Shelby has hired a PR firm:
http://news.yahoo.com/s/prweb/20070323/bs_prweb/prweb513490
So where's the PR?
When will we hear some PR that will let people know how well the Comapny is doing and hopefully get the share price moving?
Regards,
From the Nevada Sceretary of State website:
So far there is no new amendment filed that increases AS further (more than 6 billion). Is it at least a small comfort that they are acting like a business and keeping their required filings with the State of Nevada current? Here is the link:
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/corpActions.aspx?lx8nvq=cho73NJxKOuhOIG6WU4NFQ%253d%253d&CorpName=COTTON+%26+WESTERN+MINING%2c+INC.
Action Type: Amendment
Document Number: 20070121857-73 # of Pages: 1
File Date: 02/21/2007 Effective Date:
Previous Stock Value: Par Value Shares: 4,000,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 4,000,000.00 New Stock Value: Par Value Shares: 6,000,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 6,000,000.00
Thanks for the reply, obviously an order filling for a little less than your limit happens from time to time, but rather than relying on luck, do ANY of the systems or their staff allow one to put in a price five places (or more) to the right of the decimal?
Best Regards,
P.S. CWRN may or may not provide the chance for a return on your investment, but it has far greater potential for return than the check I am posting today; my tax check to the IRS!
Yesterday I bought some CWRN stock. I have a trading account with Scottrade. Their automated system will not let you enter a price more than four places to the right of the decimal. So I entered a limit order to buy shares at .0002. The sale executed almost immediately but when the buy was listed in my Scottrade account, the total indicated the price I paid was .00019, so I bought at less than .0002. This brings up the question; are more shares actually available for purchase for less than .0002, but do the automated systems prevent one from entering a five places to the right of the decimal order? Scottrade has their local offices with staff to assist customers. If you contacted one of their staff to put in a buy order, would they be able to put in a limit order of say, .00015, and more immportantly, would it maybe fill? Unless real movement occurs, it's too late for me, I've made my last buy. If anyone is able to accomplish this, please post your experience to the board.
Best Regards,
I guess I didn't state my question clearly, I never meant to infer that I thought the Companies had control over bid/ask prices, but somewhere, I got the idea that when a company goes public they hired a market maker to provide the instant market for investors to buy and sell the companies shares. I see I am wrong about that. I appreciate the MM establishes bid/ask prices from trading activity, what I think I see with CSBI stock is a large bid/ask spread (.27/.40) with no trades occuring for days. I think in this case, the MM is just setting prices to suit themselves without anyone buying or selling. I also think this discourages trading, if you buy at .40 with a .27 bid price, you've just lost 32% if you decide to sell. Anyway, if a MM is keeping a big spread with no sales, it is doing a disservice to the company as it discourages trading in that company's stock. Thanks for the input.
Best Regards,
Rookie question:
When a Company like CWRN goes public on the pinks, don't they have to HIRE a market-maker to handle their stock?
I own stock in CSBI which also has a board on ihub. I actually work in the same industrial park where they are located. Back in Dec. I attended their annual stockholders meeting and asked the question as to who their MM was? The Pres told us they had no control over such things and gave the impression various brokers acted independantly as MM. I would just like to know how this works. I get to watch the activity of CSBI every day and they have gone from nearly going out of business to converting thousands of New Ford Mustangs into Shelby Mustangs for Hertz & Ford. The Company appears to now be going like gangbusters, but the stock has not moved, days go by without trades at all. I'd like to ask some questions, but am not sure where to ask. I think the this stock may be ready to pop, but I'd sure like some answers before further investment. Unlike CWRN, this Company has assets and makes sales. I'd like to know who is CWRN's MM as well. Any help?
Regards,
Don't think there is anything to worry about here, I also live in Las Vegas, I haven't driven by this "address of record" yet, but I live within 6 or 7 miles of it. When I was doing my so-called DD, I looked up this address on the County Assesors's website and it is owned by others. It appears to be a sort of "license hanging" business, that is, a business that rents a Nevada address to Companies that register in Nevada. It's purpose MAY be to allow a Company to have a Nevada address so that it can register in Nevada as a resident Corporation at lower fees, rather than a non-resident corporation at higher fees. CWRN has always said it was a Nevada Corporation, but the offices are in Texas so I doubt that the Las Vegas address was ever a "Sales Office". My opinion is that the Nevada address is of no concern, however all other aspects of this Company wait to be proven. Also of small condolence: CWRN is registerd with the Nevada Scretary of State's office and has filings there for the increases in outstanding share quantities etc. from 4 billion to 6 billion. See my previous post no. 898 for example. At least by keeping up their filings with the State of Nevada, a small indication of ligitimacy is maintained.
I am a stockholder and hope to see success here, but like everyone else, I am anxious to see positive accomplishments.
Best Regards,
I understand:
As mentioned in previous posts, I have a business in the same Industrial park as Shelby, we are not far apart, so I am able to monitor daily activity. I will email you privately to let you know where I am and am interested in your input.
Best Regards,
Hey Shelbyfan:
Just wondering, is there a reason you don't care to post your info, input etc. on this board for the benefit of all interested?
Regards,
So Shelby is finally doing more business than ever, why is the price per share declining? And can someone tell me whay this stock has such a big bid/ask spread?
Regards,
I'm new here and a investor. The following amendment is from the Nevada Secretary of State web site, where CWRN is registered and active. No analysis here, just FYI.
Regards,
Action Type: Amendment
Document Number: 20070121857-73 # of Pages: 1
File Date: 02/21/2007 Effective Date:
Previous Stock Value: Par Value Shares: 4,000,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 4,000,000.00 New Stock Value: Par Value Shares: 6,000,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 6,000,000.00
So I drove by shelby's Building on the way home from work today, and stopped and asked the guys working around Mustangs in their back lot: "How many completed cars are you shipping each day"? Their answer was 60. The receiving lot of incoming Mustangs is still full with cars arriving daily. Supposed to be 800 or so in that lot.
Regards.
I tried Scottrade too with a low limit order just to test and got the following message:
"Buys are not allowed for this security. Please call your local branch to place the order."
If you do call the local branch can you trade?
Trades are showing on the market.
Regards,
Shelby is moving Mustangs! I am new here and I am a Shelby Stockholder. My business is located at the Speedway Commerce Center, the same industrial park where Shelby is located. About 100 yards from my front door is the FULL parking lot where the Mustangs are being delivered & stored. I spoke to the watchman on site who told me the parking lot contained about 800 cars. Car Carrier trucks are arriving daily. This should get Shelby moving as a Company.
I am not a experienced investor, but could someone tell me who hires the so called "Market Maker" that sets the bid/ask price?
I think one reason the stock isn't moving is the wide bid/ask spread which closed today at .30/.35 I think. That means if you buy at .35 and turn around and try to sell, you've lost 15% immediately at .30 bid.
I think this is one reason so few trades occur.
Another reason is that I've seen no real press from Shelby lately that should get trades going. They can do PR about their new Motor Cycle, but where's the hype about the Mustangs?
I attended the Corp. Annual stockholders meeting in Dec. and asked these questions, but received no satisfactory answers.
With what's going on at Shelby, the stock should start moving, but what will it take?
Any opinions here?
Thanks & Regards.