InvestorsHub Logo

fatbacker

10/24/06 3:37 PM

#101 RE: momentumtrader #100

I am sorry that you are taking a loss on this stock. The biggest problem I have ever had with this stock is that it is a pink sheet stock. There are few and far between companies trading in the pinks that ever become or are legitimate companies. The sad part is that the company can really post any financial numbers they want. They are not required to make their actual accounting numbers public info.

I cannot really give you anymore info other than what you have read on any PR or any phone call you have had with any one in the company. If you can find out their headquarters and location you might be able to track down their financials through the state they are located at but it will take longer to get the info.

The other thing I can say but this is only my opinion and that is to either sell out and take the loss and write it off on your taxes, hold on to it and hope it gets a bounce somehow or try and play smaller positions in this and try and take profit on any bounces that this thing might take until you have your original investment out of it.

Again I am sorry about your loss but possibly buying shares and turning them over for profit and bringing your average down might be an answer but I would not attempt that unless you know how to play day trades and swing trades.

IndianaJames

10/24/06 3:59 PM

#102 RE: momentumtrader #100

I'm with Scottrade

I tried to place a bid the other day and I got a message.

CR1: No buy orders allowed on this security. Please call your local branch to place your order.

(But today I do not get that message)

I did, but no answer, so the call was transferred to corporate. Before placing the call, I checked Scottrades website to see if it was on the list of no buys and/or a higher margin requirement. It was not.

I told the lady that it wasn't on the list and asked her why the sudden change.

She replied "suspicious trading activity"

This was the day after it popped 40% on 10/19

Now, I originally found this stock through Green Baron, emailing it saying it was their focus stock.

I'll get on my other computer and paste the email into this ihub thing if I can find it.

Could of been a pump and dump, so they could get out of their position because they realized it was a scam, who knows.

They have since reccomended NTLB (I never bought) and it has done nothing but go down.

They also emailed out the pick of CCMI on Oct 4th. Look at what that stock has ironically done.

I don't even know what CCMI does. Nor care.

But I'm really starting to see a trend with Green Barons stocks picks.

I talked to someone last night and I have wised up here lately and I think pink sheets are designed to take your money.

I started using a "money flow" and accumulation/distribution studies on my charts. This pretty much tells the tale of if a stock is getting dilluted or shorted.

PGPM - that dude claiming to be a ceo is certainly a scam artist. I've checked his dillution with the timeliness of his press releases.

Another scenario is, I wonder if Green Baron isn't the "founders" of these marvelous companies and names such as Joan Moaning, and phone numbers for such, isn't just a $10.00 employee at a desk inside Green Barons office with a script full of answers.

What I purpose is - Hold for awhile. He, they or whoever will probably do another press release here in a few weeks to pump the stock back up. We get out then and sell to newcomers to help minimize our losses. And never buy another pink sheet stock again.

Board Moderator - Please delete this post along with Scott's at the end of business day on Friday. But leave it up untill then so we can execute this plan. I think this will be in our best interest.

Other people. After friday, do not post anything negative on this message board and only positive things for new buyers to read and possibly relieve us of our shares.

Hence the term; Trading

and

2 wrongs don't make a right

and

learn from our mistakes.

up-down

10/24/06 4:07 PM

#103 RE: momentumtrader #100

great post momentumtrader

your not the only bag holder here. I can't believe the bid whacking today. I added more at .013 - Hope I don't loose my ass here.

Time will tell. If the company produces nothing substantial, tax loss selling with destroy this stock. People need a reason to bid this stock.