Notice the volume increasing into the downward move. This suggests that MMs, while doing a little short covering last week, are back shorting this stock once again.
Basically, the MMs covered their shorts to create a massive head fake last week on news that pinksheets.com "re-listed" PLNI over their web quotation service.
Those poor newbie *******s that saw PLNI go up 30% in one day, probably bought at the high end of that range, only to fall prey to the MM induced head fake (suckers) and watch any little bit of profit they momentarily had vanish over the next 2 trading days.
We have a hostile situation here with the MMs. It's an us verse them sort of situation here (I described this in a previous thread here on allstocks.com and will not explain it again). For us long term investors, we've seen so many MM induced head fakes like this, that we know better than to let the MMs get the better of us. New investors should take note of the hostile situation that exists with the MMs and PLNI and the naked shorting. Be patient and wait for your entry price on PLNI (buy on lows, not on highs), or stay out of it altogether until this situation resolves itself to the upside.
Had these newbies read my most excellent commentary in another thread (that I can't seem to find) about the fact that volume did not support the upward move and it was not sufficient enough to burst through the 50 day MA resistance, and therefore was going to reverse, they never would have bought.
So now, you've got a whole new crowd of angry "bashers" out there from last weeks price action on PLNI. The questions I pose are "Have you learned your lesson yet?"... and "Whose fault is it that you got greedy and bought high and sold low?" I say that's what you get for trying to day trade a penny stock like PLNI.
Moving on... notice the acceleration (rising volume) into the downward move, then POW, right through the previous support. In fact, the stock briefly hit $0.0022, putting it at its lowest point since February 2005!
-------------------- Lance Jepsen TraderFlash.com Posts: 38 | From: California | Registered: Jun 2006
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quote:Originally posted by imakmony2005: Hey lance, Whats the low gonna be???????? Thanks
This is reading tea leaves, but in the chart I included above, notice that support #1 was broke. The stock then reversed and headed back up to close right on the previous support. So it's in the process of testing support #1 right now. If support #1 is broken next week, the next support is #2, at about $0.0020, and so I expect this support to be tested next if support #1 fails to hold.
This is if nothing new happens, no new PRs, no Greenbaron interview, etc... occurs next week.
-------------------- Lance Jepsen TraderFlash.com Posts: 38 | From: California | Registered: Jun 2006
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posted
Hate to say it, but this thing looks destined for the teens. This is a Cinderella story gone bad. CEO ruined it all, empty promises, dilution. etc. I took a beating but will try to get back in under .002. GLTA
Posts: 871 | From: New York, NY | Registered: May 2005
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It would be hard for me to buy back in I lost 10 grand on all the empty promises and mismanagement. thanks jim turek
Posts: 534 | From: florida | Registered: Feb 2006
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The only way you would have lost is if you bought high and sold low. Why did you do that? Why didn't you just hang on?
I'm always trying to get into the mind of rookie traders as it seems I was one myself so long ago that I can't remember well, and as such, I have trouble understanding the rookie mindset.
What was the psychological game you played with yourself that ultimately lead to you buying high and selling low? What did you read, who did you listen to, or what did you think that caused you to invest in PLNI in the first place? What did you read, who did you listen to, or what did you think that caused you to sell PLNI for a loss?
-------------------- Lance Jepsen TraderFlash.com Posts: 38 | From: California | Registered: Jun 2006
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posted
lance I am no rookie.I sold plni and bought rshn at .0015 sold at .01 back in at .0024.I also bought fgfc at .0007 and sold at .028.recovered my losses and took a nice hunk to the bank.I hope this helps you get into my mind set.I will probably get back in plni if it hits the teens.sometimes selling at a loss is a good thing
Posts: 534 | From: florida | Registered: Feb 2006
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posted
I'm not a rookie either. The most important lesson learned from penny stocks is "Dont expect them to explode." Get in, get out with a small profit, and whatever you do, don't fool yourself into thinking that you are smart enough to find a penny stock that will turn into IBM. It aint gonna happen. IMO, if you have held a penny stock for 6 months and it hasnt gone anywhere, get the H out and find another horse.
Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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Ed you are right about that.If you want to make money in this volitile market you can not ignore the basic rules.You will end up holding the bag 99 percent of the time if you hold these stocks long.There are a few that will give you a profit if you hold long enough however tieing up your capital is not prudent most times.
Posts: 534 | From: florida | Registered: Feb 2006
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posted
Lance would like to hear you reply to my post.I would like to know why you think I should have held on to plni.Might enlighten me and that is the true value of allstocks.
Posts: 534 | From: florida | Registered: Feb 2006
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Glad to hear you guys are not rookies. Most often, Rookies blame someone or something else, such as blaming PLNI for their action of buying high and selling low. So when I read a post about "the blame game" concerning your own trading actions, I immediately think "rookie". More advanced traders usually take responsibility for their own actions in an attempt to improve and hone their trading skills.
"sometimes selling at a loss is a good thing"
Absolutely, taking losses is part of the game. I can tell you are not a rookie from this statement. Rookies often have a mindset where they think "I can't take a loss", and end up in a bad situation.
The key is knowing when you should take a loss. If you invested (not speculate) in PLNI for the right reasons, you would know that it simply is not necessary to realize a loss at this early stage in the company's rapid growth cycle. If your original profit thesis is intact as an investor (not a speculator), as Warren Buffet said (his average hold time is 5 years), don't be afraid to stand by your convictions (the original reason you INVESTED in the company) even if it is contrary to the populus. It simply is not necessary to REALIZE a loss on a company like PLNI at this early stage in the game. It knocks you out of the game too early.
"The most important lesson learned from penny stocks is "Dont expect them to explode."
There is not a better investment that you should expect an upward explosion than in penny stocks. Microsoft is not going to "explode" upward; however, a penny stock like PLNI has a much greater probability of doing that very thing than most mature companies traded on major exchanges.
I challenge that penny stocks have a higher probability of exploding than any other investment vehicle, and that includes options.
"Get in, get out with a small profit, and whatever you do, don't fool yourself into thinking that you are smart enough to find a penny stock that will turn into IBM. It aint gonna happen."
So just accept that you are too dumb to find a great company? That's what you are saying. I don't subscribe to that at all. When you look in the mirror do you say, "I'm not smart enough to do this, I'm not smart enought to do that?" That's a low self esteem issue. Imagine had Copernicus said, "I'm not smart enough to figure out the motion of the planets in the heaven"? It would have been decades, perhaps more, that humanity would have continued to view the Earth as the center of the universe. What if Galileo had said "I'm not smart enough to figure out how to view the planets that are so far away"? We may never have had the telescope. What if Boyer would have said "I'm not smart enough to understand insulin defeciency"? We would never have an understanding of recombinant DNA and its role in human insulin. What if Mendel would have said "I'm not smart enough to understand how genes work"? We would never have the laws of heredity. What if Watson would have said "I'm not smart enough to understand DNA"? We would never have an understanding of how DNA is a molecule in which two strands formed a tightly linked pair, which is the foundation for diagnosing so many diseases today. What if Heisenberg would have said "I'm not smart enough to understand the tiny atom, it's just too small"? We would not understand quantum mechanics which is the foundation of computer science, and the very method we are communicating via this computer driven message forum and the Internet.
I could go on and on, but I think you get the point I'm making here. Let me inspire you to go beyond that which you think you are capable of. I challenge that you are smart enough to pick the next IBM. The only question is will you reach out and embrace your God given intelligence and strive to be a greater trader than you currently are? Or, will you let a low self-esteem and a defeatist attitude dictate your life. Low self esteem and a defeatest attitude would have been terrible for humanity as I've demonstrated above, it is as equally damaging to a trader. Do not be afraid of success, do not be afraid to reach for it. Do not let a defeatest attitude dictate your trading behavior. Reach for the stars.
"if you have held a penny stock for 6 months and it hasnt gone anywhere, get the H out and find another horse."
That's spoken like a speculator and not an investor. You don't want to let a hard dead line dictate your trading moves. If Chan's sitting at a poker table, does he think, "If I'm still sitting at this table in 1 hour, I'm just gonna fold"? Of course not. Trading is a lot like playing poker. You wouldn't set yourself to an arbitrary time horizon in a poker game, and you shouldn't do so with trading. Remember, I'm coming at this from an investor perspective and not that of a speculator. Speculating (trading in and out short term) in penny stocks is a losers hand. Investing in a penny stock company in its early years and riding it up over time is where most of the profits are.
The only thing that should dictate you getting the "H out" of a stock is the market itself, not an arbitrary, self-imposed time horizon. That's setting the odds against you an is sort of like playing a hand of poker with one of those chess clocks and everyone else takes their time, reads other players, etc., but you are playing at your own crazy fast speed, slapping this chess clock as fast as you can. It's like putting a self-emposed handicap on your play, like playing football and tying one hand behind your back. It's simply making the game harder on your self and is not necessary.
"You will end up holding the bag 99 percent of the time if you hold these stocks long."
Not true. If you know what kind of penny stocks to invest in, and how to pick them, you can hold penny stocks for several years. Most people think you can't hold penny stocks for long periods of time, and most people loose their shirts in penny stocks to. That's probably the greatest kept secret about penny stocks, and was really when I started pulling in serious money when I found it out years ago. Penny stocks are great long term investments and are poor short term speculative day trading instruments. Most people with limited exposure to the penny stock market think you have to trade in and out of penny stocks quick to make money. It's simply not so. A good example of how to properly trade in penny stocks is The Gripper, at: http://www.the-gripper.com
(the idea being to latch on to a stock and grip/hold it, hence "the gripper")
It is simply not necessary to realize a loss on a company like PLNI that is so early in its growth cycle.
-------------------- Lance Jepsen TraderFlash.com Posts: 38 | From: California | Registered: Jun 2006
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quote:Originally posted by plni: Lance would like to hear you reply to my post.I would like to know why you think I should have held on to plni.Might enlighten me and that is the true value of allstocks.
I don't think so highly of myself that I can "enlighten" you. Maybe I could say something that would "enlighten" a rookie, but not someone who is a good trader like yourself. Maybe if I say something, and you like it, you'll enlighten yourself, but that's a slow, personal process, achieved over time in the personal quest of becoming a better trader (and then again, not everyone is on such a quest), and not so much something where it happens from a single message, overnight.
But I understand what you are saying about "allstocks" and the value you are extracting from this message forum, good for you for being able to find such value.
-------------------- Lance Jepsen TraderFlash.com Posts: 38 | From: California | Registered: Jun 2006
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I think you guys are right. This one's going to the toilet head first!
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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I think you guys are right. This one's going to the toilet head first!
You seem to know more about going down toilets head first than you do about proper analysis on this company. Just remember to keep PLNI on your watch list because you will be eating those words within the next 2 - 4 years. Maybe then you'll get your head out of toilets and become a better trader, that is unless you are a plumber or something.
-------------------- Lance Jepsen TraderFlash.com Posts: 38 | From: California | Registered: Jun 2006
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Your time frame and mine are two different things Jepsen. Two to Four years from now does not exist as far as I am concerned when I look at pennies. Even 6 months (which Ed put as his maximum hold date) doesn't exist for me when I look at pennies.
PLNI is trash right now. Maybe that will change in "Two to Four Years" but while you are holding and waiting for it to pull a Frankenstein I will be getting into and out of stocks that are moving that week and making me money.
Have fun waiting at the pot LJ.
The Bigfoot
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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Your time frame and mine are two different things Jepsen. Two to Four years from now does not exist as far as I am concerned when I look at pennies. Even 6 months (which Ed put as his maximum hold date) doesn't exist for me when I look at pennies.
PLNI is trash right now. Maybe that will change in "Two to Four Years" but while you are holding and waiting for it to pull a Frankenstein I will be getting into and out of stocks that are moving that week and making me money.
Have fun waiting at the pot LJ.
The Bigfoot
Then in that case littlefoot, go back and read the message posted above. Anyone who thinks 2 - 4 years, or even 6 months doesn't "exist" for pennies, is someone who is not grounded in reality. Of course these time frames exist in the real world. All you have to do is study these long time frames via the chart to understand these cycles. To stick your head in the sand and make an absurd statement like "Two to Four years from now does not exist as far as I am concerned when I look at pennies", when in reality these time frames do exist simply means your trading is not grounding in reality as you close your eyes to longer term cycles.
All things need to be considered when investing in pennies or even non-pennies such as short term, intermediate term, and long term trends. To cover your eyes and say long term trends do not exist when anyone with a brain can see these time frames do exist is just plain silly. It's sort of like being at a poker table, and one player saying, "As far as I'm concerned, a Full House, Flush, and Two of a Kind do not exist." That's telling the other players, cool, this guys stupid, he's going to put a handicap on his play by attempting to beat us without using a Full House, Flush, or Two of a Kind, what a dummy. Let's take this suckers money.
"but while you are holding and waiting for it to pull a Frankenstein I will be getting into and out of stocks that are moving that week and making me money"
That's what cracks me up about you bashers, you play the same cards over and over again. Whoever said anyone in PLNI is not doing other things at the same time? To try and play the card that basically says, "While you are invested in PLNI you are missing out on everything else" is a clever debating trick, but is bull. No less activity has occurred by me or anyone else in regards to investing in other stocks, both pennies and non.
Where your logic breaks down is that the ASSumption is made that the money in PLNI is being taken away from other penny stocks or investments. When it's just as possible that the only reason additional money was put in the market in the first place is because of PLNI. So that if one has $10,000 and $1,0000 of that was initially invested in PLNI, and then each additional $1,000 invested in 9 other companies, as PLNI has dropped while at the same time the company has purchased two additional businesses representing an even better valuation, that new money is put into PLNI each month for the sole purpose of accumulating more shares. Had a smokin hot play like PLNI not been available, then no new money would be reinvested each month in the stock market by that trader. Under this scenario, the other 9 companies that each have $1,000 in continue to be traded just as they were regardless of whether the 10th holding was PLNI or not.
So don't try that stupid logic with me, that's bull and just sunk your argument with a situation detailed above that proves that if someone holds 10 companies and 1 of them is PLNI, in no way does that exclude the other 9 companies from existing and being traded. In no way does that mean: "but while you are holding and waiting for it to pull a Frankenstein I will be getting into and out of stocks that are moving that week and making me money." There is no waiting at all when new money is put into the market just because of PLNI that would not be put in otherwise, and this has no "holding" effect on the other stocks in a persons portfolio.
That sort of weak logic littlefoot, especially after the long post above by me talking about how self imposed time frames limits your own trading, in then for you to come into this thread and write a stupid little two or so liner is lame.
Finally, any "waiting at the pot" I'm doing is me laughing my arse off watching you stick your head in the toilet. I'm enjoying the show and seeing how long you can hold your breath before you come up choking.
-------------------- Lance Jepsen TraderFlash.com Posts: 38 | From: California | Registered: Jun 2006
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posted
Listen LJ. I know you know at least the basics of charting. You can see for yourself that this puppy ain't going to be bouncing anytime soon without some sort of news to break the cycle.
Why in the world would you put money into a stock that you know is just going to sit and slowly sink until something happens to turn it around?
Just hold your money, watch the news, watch the chart, and wait for something good to come out or for there to be some sort of signal that you are going to get a bit of a bottom bounce before you invest. Let it run and get out. Wait for the next one.
Why in the world would you want to go long in this stock?
Sound like a bagholder trying to reel in newbies to me.
And as to my...weak logic? Lets crunch some numbers shall we?
O.K. Your $1000 sits here for 2 years and then your dreams are realized and you get a tenbagger. That's right...I'm willing to give you a whole 1000%.
You come out with $10,000. Good for you.
I invest my $1000 in another way. I trade with that money once a week and average 30% a week. Just 30%.
There are 52 weeks in a year. Our time frame is two years so that is 104 weeks.
Week 1 1000 * 30% = 300 end with 1300 Week 2 1300 * 30% = 390 end with 1690 Week 3 1690 * 30% = 507 end with 2197 Week 4 2197 * 30% = 659 end with 2856 Week 5 2856 * 30% = 857 end with 3713 Week 6 3713 * 30% = 1114 end with 4827 Week 7 4827 * 30% = 1448 end with 6275 Week 8 6275 * 30% = 1882 end with 8157 Week 9 8157 * 30% = 2447 end with $10,604
Minus 9 weeks of commisions 20 * 9 = 180
Total for 9 weeks trading = $10,424.
Well I'll be LJ!
It just took me 9 weeks to equal your amazing 1000% run that you waited for over 100 weeks to enjoy.
Yep...that there is WEEEEEAKK LOGIC. yessir.
Enjoy your pot LJ.
Bigfoot's got better things to do.
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
I have a substantial investment in PLNI...Folks that have been around know I have been swing playing this stock for over 14 months...
I hold eleven stocks today...Two are long term holds of three months or longer with no time limit....three are long swing plays or mid term holds of a week to three months...waiting for some volume to move them...and the rest are swing plays of a week or less...
I did not mention I have two stocks that were part of an R/S over the past three years and those are flat losses hoping for a miracle... I also keep a amount of cash on hand just for runners...
I use charts....I also keep my ear to the ground looking for opportunities as they come to play...If folks can make bank in Pennies with a method that works for them then you'll be here a while...if not then folks won't...Just find one or more methods that works...To each their own and GLTA...
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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posted
Proof long term trends exist in many penny stocks, and certainly in PLNI.
If no long term trends did not exist in penny stocks like PLNI, as some have suggested, there would not be a class of "gamblers" (using poker analogy) that make money off long term trends.
If no long term trends that are bankable exist, then we would expect to pull a long term chart and have that chart look like chaos. For what makes a stock bankable, or worth gambling on, is clearly identifiable trends and/or patterns in the chart and the idea that patterns repeat themselves (as does history).
Therefore, when applying a long term chart to PLNI, we would expect if littlefoot was correct or the other posters in this message thread that say long term bankable trends do not exist for penny stocks like PLNI, then we would expect to see total chaos in the long term chart without anything at all that one could "gamble" or place a wager on.
But the contrary is true. View the chart below:
Here we see in this long term monthly chart (where each candlestick represents 1 month) going back 5 years, clearly defined patterns that long term "gamblers" such as myself can bet on.
First, we see the clear channel that PLNI has traded in. Using the highs, we see PLNI in an uptrend channel since July 2002. I'm more conservative in my analysis, and so I drew a second horizon upper channel wall. This reveals something close to a classic double top reversal pattern. The lower channel wall has been tested 4 times since 2002 and has held. It not only has held, but shows a slight uptrend to it. So PLNI has been in an uptrend channel since July 2002 if you are a liberal, or a sideways trend channel with the lower wall slowly rising since April 2002 if you are more conservative like me.
Again, no chaos, but clearly bounced off the trend channel walls, back and forth.
Going down to the volume, we can see another clear long term, 5 year pattern, the volume is rising. Clearly this is not chaos either but bankable pattern that shows rising volume, with a wager that no penny stock has ever increased in falling volume, it takes rising volume for a penny stock to rise, and here we have just that rising volume.
Going down to the MACD, we have the monthly MACD which takes importance over both the weekly and daily MACDs. Once again, we have a clear rolling pattern below, then above, then back below again, in predictable fashion, not random chaos. Here we have the MACD clearly going negative back in Oct. 2005.
Finally, looking at the money flow, we see a clear uptrend that began in July of 2004, about 2 years ago. Once again, a clearly identifiable pattern that gamblers like me can wager on, not random chaos.
So anyone saying that 6 month, 2 year, and 4 year long term patterns do not exist in penny stocks is someone who does not know how to properly read a chart.
In fact, speaking long term, the stock looks great, clearly bouncing off the channel walls in this sideways to uptrend channel it has been in since 2002.
Why does it look great long term? Because look at what has happened with this company over the long term.
-Changed their name from that terrible Wicklund to the awesome Plasticon. -Received patents on their plastic re-bar supports. -Locked in a contract with the largest building distributor in North America. -Fought in court against a company who violated their patent and won. -Moved their headquarters. -Bought Semco and Promold. -Developing two new products PlasticGuard and plastic furniture
So long term speaking, this company is a better buy than it's ever been.
You only run into trouble when you look at this company short term.
In fact, I challenge that it's dumb to paint all penny stocks with the same stereotypical, prejudiced brush that says you can't hold long term. You have to look at the company, the product, the industry, and then the long term chart to see if there are clearly identifiable patterns you can wager on, such as the many clear patterns in PLNI.
-------------------- Lance Jepsen TraderFlash.com Posts: 38 | From: California | Registered: Jun 2006
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posted
swing playing it makes sense Bear. There are enough bumps to justify such a strategy. But this is not a long term hold. That's asking for trouble.
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
"O.K. Your $1000 sits here for 2 years and then your dreams are realized and you get a tenbagger. That's right...I'm willing to give you a whole 1000%.
You come out with $10,000. Good for you.
I invest my $1000 in another way."
STOP! Right there, wrong. The ASSumption you made again. Man, get it through your head what I already wrote! You are not investing the same $1,000 in another way. If NEW MONEY IS PUT INTO A BROKERAGE ACCOUNT TO BE INVESTED IN PLNI THAT WOULD NOT BE PUT IN OTHERWISE, NO NET ADJUSTMENT IS MADE TO ANY OTHER STOCK ONE TRADES.
Damn, how many times do I have to explain this concept, it's not that hard. We are not talking about the same $1,000. If new money is deposited into ones brokerage account BECAUSE of PLNI that would not be deposited otherwise, investing in PLNI does not intefere with ones existing trades whatsoever. Further, you can not logically say, well what if they were not invested in PLNI... if they were not invested in PLNI, then no new money would have been deposited into their brokerage account in the first place and as such cannot be counted.
I can say it any simpler than that.
This is precisely how I ran my account. Nothing has changed with my other investments. PLNI is being purchased/accumulated with new money each month put into my brokerage account that I would simply not be putting into my brokerage account if it were not for PLNI.
Nothing is being changed with my other trades, and no money is "not being used" or "being tied up" investing in PLNI.
Then, your logic falls on other grounds I haven't mentioned yet.
The next reason your logic fails is that you could just as easily loose that money in other penny stocks as well. You are making the ASSumption that money in PLNI is doing nothing, and by pulling money out of it, you are going to make money in other stocks. What you fail to account for is that you can also loose money in those other stocks as well.
To automatically assume that someone in PLNI is not trading any other stocks, and is just sitting there waiting for the stock to rise is dumb. It's not reality. I venture to say for most people that PLNI is a small part of their overall portfolio. To try and say every other stock, or at least the persons overall portfolio is hindered because of holding PLNI long term is dumb. It wreaks with prejudiced and is simply not reality.
-------------------- Lance Jepsen TraderFlash.com Posts: 38 | From: California | Registered: Jun 2006
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posted
Not enough volume right now to do anything with it Bigfoot...I do expect the audited financials this month and know there is production going on currently and nice numbers for this year...Not too worried about this one...
quote:Originally posted by The Bigfoot: swing playing it makes sense Bear. There are enough bumps to justify such a strategy. But this is not a long term hold. That's asking for trouble.
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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quote:Originally posted by The Bigfoot: swing playing it makes sense Bear. There are enough bumps to justify such a strategy. But this is not a long term hold. That's asking for trouble.
WHAT!?! Can you see the long term chart I posted? Go back and look at it. Damn. PLNI is in a sideways to uptrend channel and has been since 2002! That means that this is an excellent long term hold. The long term chart doesn't lie. Had someone bought in February 2003 * $0.001, today they would still be up nearly 200%! That's an average annual return of 66% a year since 2003! And that's with the stock at the todays price at the lower channel wall. Wait until it bounces off this lower channel wall and takes the next leg up. We are talking about a move from $0.003 to $0.45 per share in about 1 year if you look at the previous amount of time it took the stock to rally to $0.45 per share last time. Over the long term, nothing looks wrong with PLNI. Just look at the chart above. I think you are so prejudiced against holding penny stocks long, or PLNI itself, that you are unable to even look at a chart that proves you wrong, and admit it.
And what's the garbage about swing trading you can see, but no long term?
Swing trading has nothing to do with time but everything to do with trends and reversals. Swing traders do not let "time" be the dictating factor as do options traders but instead let the market tell them when to enter and when to exit based on bounces off channel walls.
The swings on this stock (the bounces against the uptrend channel walls) are 1 to 2 years for each swing! So what are you talking about saying "swing" trading makes since but long term no. The optimal swing trader would have bought at 0.001 in February 2003, and sold around $0.45 1 year later. You said earlier that even 6 months is too long to hold a penny stock.
I'm done talking with you guys. I'm not going to sit here and blow you out of the water over and over again, I already did that on another message forum long ago.
I think I've presented my case well, and also think I've destroyed your arguments as well with objective facts and demonstrations as well as the clever use of analogies.
I don't care if you invest in this stock or not, in fact, do me a favor, stay out of this stock. I don't want to have it work out that I helped you make thousands of dollars on this stock. Stay out of this stock. Further, stay out of my threads where I offer serious analysis of PLNI from a bullish bias. If you want to start a flame war, go start your own thread bashing PLNI. But don't come into a bullish thread I started, and take it over with your flaming posts, go fan your flames elsewhere.
Otherwise, I will continue to make you look like an idiot as I have already.
-------------------- Lance Jepsen TraderFlash.com Posts: 38 | From: California | Registered: Jun 2006
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posted
Didn't buy the windows....Or did anybody else I know of in our town.....A Porshe driving window salesman has to much overhead...
Posts: 10729 | From: oregon | Registered: Feb 2005
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quote:Originally posted by Dustoff101: Lance, was reading along just outa curiousity...
As I read the counter points I noticed how well they flowed...Still leaving the stock outa the mix in my mind I kept reading.....
Leaving the stock out of "the mix". Are you a moron. Look at the posts I've made with the charts you dumb head. Who else in this thread has done such a thing? 3 charts I posted above, devestating and making those who you side with look like fools. Are you a fool? Then get a grip. Don't feed me crap that I've left "the stock" out of the mix here. Anyone scrolling up and reading my posts know that no single person posting in this thread has charted the stock and talked about it both from a technical and fundamental perspective than I. Get a grip.
-------------------- Lance Jepsen TraderFlash.com Posts: 38 | From: California | Registered: Jun 2006
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You put money into your account. You have a choice to put it into PLNI or to put it into another stock. You have made your own choice to put it into PLNI. My logic stands.
It does not matter to me that you would not have put that money into your brokerage account if it weren't for PLNI. That is immaterial. The fact that it IS in your brokerage account is all I need to make a comparision.
That $1000 I gave to you in my comparision doesn't make up the whole of your account...I get it. But equally that $1000 I used in the other side of the arguement doesn't make up the whole of my account. And my comparision is on a method to method basis. Not portfolio to portfolio basis. Therefore the logic stands.
Could I lose money in the week I trade a stock? You bet, but if you stick to your rules it doesn't happen often.
Am I going to weather R/S's, bad 10Q's, dilution, and other factors that can tank a stock whatever its long term trend? Not unless I am foolish in my choice of what to get in to and when.
Meanwhile, as you sit for two years you will be subject to those pressures. You have already had a 8 for 1 split in 2004. You just got the 10Q from the end of 2004 two month's ago so you have no idea how much this company has diluted since that time.
Don't get me wrong...I'm reading the news. I see what you are seeing and I understand why you want to believe that this is a company on the rebound. They've got an environmentally friendly product. They are saying no reverse splits. They want to buy back shares. They are a leader in their field. They have a plan to move to bigger boards. yada yada yada.
When they put out the audited numbers to prove it I will believe and use that to jump in. I will ride the emotion for a day or two and walk away with substantially the same percent rise a long term trader can walk away with. Until they show that proof it is all talk just like every other pinkie out there.
I'm done here Lance.
We have a difference of opinion. You know my opinion and don't agree. I can live with that.
GLTU. I hope this CEO turns out to be on the level for your sake and for the sake of those who are investing with you.
I just don't have that much faith.
Have a happy 4th everybody,
The Bigfoot
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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quote:"If new money is deposited into ones brokerage account BECAUSE of PLNI that would not be deposited otherwise, investing in PLNI does not intefere with ones existing trades whatsoever."
We get your drift, Lance. You're arguing for peeps to free up some dough and stick it into PLNI and let it sit--instead of trading it on other plays. Even put some in "every month."
LOL, we've all got old, tired plays just sitting there that would benefit from peeps pouring dough into it... The simple truth is that no matter how good "the company" might be or become, its leaders have disappointed shareholders too many times. It's not up to "us" to bail out the company with our monthly infusions: It's up to the company to prove itself as offering an attractive stock.
quote:Further, stay out of my threads where I offer serious analysis of PLNI from a bullish bias. If you want to start a flame war, go start your own thread bashing PLNI. But don't come into a bullish thread I started, and take it over with your flaming posts, go fan your flames elsewhere.
We don't have "bullish threads" here. Full discussion is the name of the game, here. Feel free to report posts that interefere, such as via ad hominem attacks, personal insults, spam, etc... Things may be different at your site, I dunno--am not familiar. Anyway, please calm down and refrain from name-calling, insults, etc yourself...
posted
"You put money into your account. You have a choice to put it into PLNI or to put it into another stock. You have made your own choice to put it into PLNI. My logic stands."
No it doesn't stand Littlefoot. I would not put more money into my account if it were not for PLNI. PLNI is at such an attractive valuation, that it's the only stock in such an oversold condition that I want to accumulate right now. Period! If it was not for PLNI, I would not put more money into my trading account. Your logic does not stand in this scenario, no other stock in my portfolio is impacted by PLNI as no money is being taken away from another stock because new money is coming in.
"It does not matter to me that you would not have put that money into your brokerage account if it weren't for PLNI. That is immaterial. The fact that it IS in your brokerage account is all I need to make a comparision."
It is not immaterial. If it wasn't for PLNI, that money would not be there in the first place, therefore by necessity, this fact is material as it shows that accumulating PLNI can have no impact whatsoever on anything else that trader wants to do, or other stocks that trader wants to invest in. Further, your logic assumes that money pulled out is going to make money, it could also loose money in which case you would have been better off leaving your money where it was at. You start to see the point I'm making? It's a slippery slope one walks on when they made gregarious statements like your money is being tied up and as a result of investing in PLNI long term, you are missing out on the many opportunities that come every week. You can't say that. One can be invested in PLNI AND AT THE SAME TIME take advantage of all the opportunities you are taking advantage of.
"When they put out the audited numbers to prove it I will believe and use that to jump in. I will ride the emotion for a day or two and walk away with substantially the same percent rise a long term trader can walk away with."
You gotta be kidding me. If the next leg up takes a year or more to develop (which I think it will if you look at the last move from $0.001 to $0.45 and how that took a year to achieve) you can't possibly hold for "a day or two" and walk away with substantially the same percent rise a long term investor can walk away with.
Once again, facts prove you wrong. Look at the long term charts above. In no upward move that PLNI has ever sustained, could one have held for "a day or two" and made substantially the same amount of money as someone who held longer. That's silly. The whole purpose behind being a long term investor is the concept of "riding the stock up"...riding can take several weeks, to several months, to a year or more. Tazar, when it was a penny stock, took 2 years to ride upward. Anyone selling out in an early time frame, and certainly "a day or two" would have a fraction of what a long term investor made. I can show this over and over again. Your problem as a trader in penny stocks is that you don't let your stocks ride long enough, you sell out too early and miss out on much profits. I can tell this from your post.
"I hope this CEO turns out to be on the level for your sake and for the sake of those who are investing with you."
Why would you even question that? You explain: "I just don't have that much faith."
You need to be inspired. It doesn't take "faith" to invest, that's something religion requires, it takes proper analysis and then contextual relativity.
Like when everyone said that when pinksheets.com posted their infamous paragraph and stopped providing web quotes, "it's the beginning of the end" bashers posted. Next, they argued, PLNI would be de-listed entirely from the pinksheets.
How did I know they were wrong (which only last week turned out I was correct)? It wasn't faith which implies some sort of blind following. It wasn't very hard to have a friend of mine who lived near PLNI stop by and take some pictures for me and see if they offered a "tour" for investors like the Investor Relations department at PLNI told me. It wasn't hard at all to look at the pictures and look for loading docks, trucks, and activity that showed parts being shipped in February of this year. In fact I told my friend to focus on that, look for pictures of boxes, or inventory being moves, shipping etc. It wasn't very hard to call up BlueLinx and verify that they were, once again, selling PLNI plastic re-bar supports. I also checked the dedicated number BlueLinx gives construction companies to call to order PLNI's plastic re-bar supports. It wasn't hard at all to reason that a Fortune 500 company like BlueLinx didn't get there by accident. They know what they are doing and they would not have paid for a seperate dedicated phone line for PLNI parts if they were doing anything less than selling like "hotcakes". It wasn't hard to have a friend who was going to Disney land to ask to speak to the park manager and to find out if they had purchased, and plan to continue to purchase PLNI's plastic re-bar supports. Which I got a phone number to call the concrete repair company, who then verified those "little plastic things"?..LOL..
In any event, the point I'm making is that very little of investing long term in a company like PLNI has to do with "faith". Faith is for religion in my book. It has more to do with ANALYZATION than FAITH. I analyze the crap out of a company like PLNI, then I continue to analyze and re-visit my profit thesis on a weekly basis to see if it's still intact (any new info from a fundamental or technical point of view that would change or alter the original reason for investing in PLNI). If I was a man who invested out of "faith" I would have been knocked out of the game long ago, especially as a penny stock investor.
-------------------- Lance Jepsen TraderFlash.com Posts: 38 | From: California | Registered: Jun 2006
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posted
"We get your drift, Lance. You're arguing for peeps to free up some dough and stick it into PLNI and let it sit--instead of trading it on other plays. Even put some in "every month."
LOL, we've all got old, tired plays just sitting there that would benefit from peeps pouring dough into it... "
Wrong. Some of you guys are really dumb. I'm going to prove to you through a simple mechanism that what you said above about my intentions of promoting this stock to "peeps" to push my stock up is wrong. Now when I prove this to you, you should feel dumb. You should also fire back and apology if you have the character.
Look at the title of thread dummy. "PLNI breaks key support level"... where I expose a rather gloomy scenario if support #1 does not hold. I also went on to write that newbies or "peeps" as you call them, should stay out of this stock until this situation resolves itself to the upside. That's hardly a thread from someone with an old tired out stock who is trying to promote it to peeps to drive their own shares up. If I wanted to promote this stock, I certainly am not stupid enough to talk about a major support being broke!
So far, it appears that some people who frequent this forum, and post alot, lack real world trading experience, and a little common sense. Get out of this message forum and start trading. Too many posts in this forum makes Johnny a stupid boy.
Now that was the stupidest thing yet. All you had to do was look at the title of this message thread to realize I wasn't doing that meat head! Get a clue.
-------------------- Lance Jepsen TraderFlash.com Posts: 38 | From: California | Registered: Jun 2006
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Know who it is you are talking to before you bash. LOL
Have fun bud.
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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If you wanna pump, then pump...at least you're bringing charts, some fairly decent argument and so forth. But don't be surprised to elicit varying, alternate viewpoints...
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