InvestorsHub Logo

BULLDOZER1

11/28/14 8:11 PM

#7729 RE: w1104 #7726

The only advice I can give you is that the dips have been less and less the past 2 weeks. I'm sure there will be one on Monday but I wouldn't expect to fill a large order. The momentum here has been Green daily. I would hang at the .028 if you want to fill all, otherwise your guess as good as mine. Just IMHO . It could take off like a bat out of hell though who knows.

TraderInvictus

11/29/14 3:14 AM

#7737 RE: w1104 #7726

I tried buying the dip on Tuesday....

it did not work out in my favor, I anticipated a major pullback from investors when the company was flagged as delinquent on its quarterly, so I pulled the trigger and waited. There is strong hands invested in this stock and to my surprise, the pullback quickly rebounded. within 25 minutes the stock went back to pre-pullback and in another 15 minutes it was up. I had to buy back in at .002 above my sell point and almost didn't fill.

So the question is, will there be a pullback Monday? in my opinion, if there is one, I doubt it will be substantial. A large holding of profit takers already sold off when it first peaked in the mid 20s. The next resistance levels and sell offs I speculate will happen .03ish, half the 200(MA) then at .06 range, the 200(MA). Then at the 12-15 cent range this is going by the last major resistance at that price level in June.

I am still a greenhorn in the investing world, so dont take any of my predictions to heart and never make any decisions based on my word.

If I was to take a theoretical crack at valuations, this stock shouldn't be anywhere under .20 cents. Lets say we base the valuation of this company off of the annual sales figure of 40 million from previous years. Then we say a worse case scenario of a full blown 200 million share dilution happened since last reporting. 40 million valuation / 200 million shares = .2 Now if we are going by the estimated OS of 70 million shares... 40 million / 70 million = .5714.

You can turn the numbers in any direction that you may please, factor in liabilities and subtract that out from the 40 million base line and come up with other figures. Maybe say its resale value is 120million based on 3 years of revenue and run with a 1.714 share price. What ever floats your boat. In the long run the share holders will determine that market value and what its worth to them.

I can say one thing though, if the claims are true, there is hawk eyed investors who are waiting for that quarterly report to pop up and prove what we all are anticipating. When that happens, good luck buying at this level. There is a few people on this board who own a few million shares and are looking to add millions more the moment the quarterly is released.

Like I said though, invest wisely, do your homework and good luck with what ever way you decide, but don't base your decisions of my insights. Just like any stock it could jump to a buck or the company could close shop and take our money, laughing on the way to the bank. I am not here to promote the stock or offer financial advice, I am just expressing my opinion.

And if any seasoned investors would like to chime in, I am more than open to any input.