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My point in my previous post perhaps was not well understood. That being the float is not 10,000,000. It can be what ever the market makers want to sell short. In theory it could be 15,000,000 naked shorts. That is why it is so hard to get a real feel on these OTC stocks.
The only thing I would like to see happen. When It hits a dollar a share. Go for the New York Exchange. Get away from the OTC, all parts of it. FINRA is under financed, under staffed and swamped with claims. They no longer police even NASDAD worth a hoot. They go no where near the OTC markets. It is now a shooting gallery and were the targets. There can never be a shortage of stock. They have not updated since 1985. There are goo gobs of market makers in every stock. They have the right to make all the naked shorts they need too. To keep an orderly market. Their only restriction is, to not hold that short position for more than 30 days. No problem. On day 29, hand it off to someone else and take his shorts. Bingo new position, on and on and on. Go to the N.Y. and you get a Specialist, Most of the short problem go's away. Look at PRED. I will admit the stock was way ahead of it self. But in my estimation. Should never gone below 1.50. Best of luck to all.
While we wait. The reason Ray went out to see the McDonald brothers was not to sell them malt mixers. But to buy their patent on what was one of the first GOOP machines. Push a button and out comes a malt. They would only sell it along with the restaurant. Which Ray did not want. But some of his associates thought was the coming new thing. They brought the concept back to Chicago. Opened up two stores and were killing it. Needed money to expand. Back then, no frozen fry's. All the potatoes were cut fresh at the restaurants. The dad of one of my friends was the clearing broker on the exchange for all the Idaho potato contracts. He gathered all the produce people in the mid west. Put them on buses and took them to see the restaurants. The deal was you payed X for a given area. Then you got to service all the stores as they were built. One of my friends was on the bus. I asked him if he gave them the money. He replied YES, but I should have given them ten times more. I asked why didn't you. He replied. I stood there and said to myself. How can you make any money selling hamburgers at .15 cents and fry's at .10 cents. He said to me. PETER, I JUST DIDN'T KNOW WHAT I WAS LOOKING AT. Same thing for me with this stock. You have to buy what will be, not what is here now.
I will add on a close tomorrow of 1.75 or better. I will not get it. But, the cycle should turn up in two to three weeks.
Will be gone when the 10,000,000 share float has been distributed. Hopefully to lots and lots of share holders. That would be my plan if I had bought a shell for my new company. They will move the wall up and down.
I did not find any thing. One of the gentlemen on this board sent me a message saying buy this. I only took a small position. Because I know you have to go to what will be. Not what is now. In my opinion. I have never traded a share of them. But, 90 % of the people that hold Marijuana stocks today will lose their money. That game for the most part is OVER.
To Iamadog. I am not worried about this trade at all. I would buy my normal amounts to hold and trade if I knew any thing about what I bought. I know nothing of this industry or the people behind it.
While we wait. This has nothing to do with this stock. I will tell one of my many stories of 65 years of playing this game. I have six accounts. I keep 100,000 shares of one of the worst stocks I ever bought in each one of them. I lost over a half a mill on this turkey. I keep them there to remind me to very care full in what I buy. I am impressed by a lot of the people on here. They do put the time and effort in to be winners. That said, everyone still gets beat up on occasion. I am not a pumper. You will not find this post any where else. Penny flipping is not my game. I have never been a great trader. But I am a great chart man. Suddenly this piece of junk is getting huge buy offers. I have no idea what it means. But maybe one of you may want to look at it. It is too cold to go outside today at Shady Pines. So I am killing time here. I should tell you my McDonald's Story. It is the reason that I only bought 50,000 PNNX. Hope every one has a nice day.
So tell me what I am not seeing.
I know I am not going to get them. But i will add on a close of 1.78 or better, tomorrow.
I read it. Tell me what was interesting about it.
while you wait, look at PNNX.
Damm, I have bought 30000 at .23 so far and the wall is getting bigger.
I had a pony when I was a little kid. I loved to sing. But he could not sing along with me. Because he was a little HORSE.
My system is not letting me buy. Since it is 70% accurate 12% losers and 18% break evens. I will stay with it. It gives me very few trades. But has worked very well since 1960. As long as I don't try to fine tune it. Then it sticks it too me.
Week after week. They do not want to let me add. But I will try again. I will add on a close of 1.78 or better tomorrow.
What does that mean to follow someone? Do they monitor every post ?
What does that mean ? Following Mastercard.
Considering that to the day. That this is the 90 anniversary of Black Tuesday. The Markets held up well.
I am now the proud owner of 8 thousand shares of stock. That cost 1700 dollars. That is 400 more than my Social Security check. I have no clue what it is or does. If it is not potatoes and onions. I am lost in the wilderness. Hope you guys know what your so excited about.
SO, what do you suggest I should buy instead ?
I for one am not excited yet. I will add if it closes at 1.72 or better today.
I have owned this for years. Have always added when it got cheap. But now I am going to start buying at higher prices as funds become available.
I am starting to increase my position. The work on the new mine is going well. They will open it next year.
I am getting close to getting filled. This week or next. Again I will buy at the close. If we are at 1.73 or higher.
I will try again. I will add on the close. If PRED is 1.97 or higher.
I will add on the close. If it closes at 1.98 or better.
I will feel a whole lot better if we close at 2.03 or better today. I will add then.
I just bought 20,000, that fills the 200,000 I wanted to add. 400,000 thousand is enough for me. Most of the time if I buy more than that, I get killed. I think it is 8 or 9 times I bought a million or more shares. Not a one of them ever worked out. I think by late October we should hear some kind of news. Best of luck to all.
A prediction. PRED will trade above 2.27 Friday. If it closes at 2.63 or higher, it will be a Friday Buy Rule. You can laugh now or later.
I am positive, I know nothing. But I got a buy stop in at 2.27. Nothing will happen till Saratoga race track closes. Plus every one comes back from the Hamptons.
I am not good at finding things. Where does it say they have an order for 3 million batteries for a company in China.
It means there are other people than the 2 of us. That own to much of this PIPE DREAM.
I think that is a Canadian standard. Has nothing to do any where else. I see some are saying the stock should be worth 15 dollars. A real life amount is more like 1.50 per share. Mining is a very dirty business. Takes for ever to get permits. I only buy mining stocks that are in production. But, best of luck to all.
I know nothing. Never knew they had any assets at all. I thought they were just buying an empty shell to put together a giant media company. Maybe I should be buying 200,000 more shares.
Screw all the rumors. It is a break out today. I bought it all day long. Now I will wait to see who dies first. Me or this burning match.
It is not often that you see all the BIG GUNS on I-Hub in the same stock. For me it makes this one very INTERESTING!
NO we don't.
We are dead. Every stock we both had. Died on the vine. Please sell yours, so I have a chance or at least a HOPE.