posted
Whoops, looks like I ruffled some feathers on the other board. Amazing how people get so personal when it comes to stocks.
Whoops, I take it back. First response sounded annoyed. Seemed cordial after that.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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quote:Originally posted by PCola77: Tex, this one went UP like 300% yesterday. Woudln't it have gone down 50% if there were 2x the number of shares as there should have been?
What are you seeing that I don't?
(Or are you just pointing it out as a mistake, and not a play?)
ya...not playing this--at least, not yet.
The mistake is hilarious, though...
brokers reading PRs, instead of daily list...too rich
posted
Tex, I've kept an eye on this one, and the guys on the Hub are *certain* that there will be a huge short cover. What short are they seeing? Half the posters talk out their asses (one guy says he has 1.1 million shares) and there are obviously a LOT of people that you can tell are totally new to this and will get eaten alive soon.
Here's my question: Dividend shares are supposedly now issued. Since it was a 1 to 1, there are 2x the number of shares out there now, right? If so, typically the price would adjust downward by 50%, yet this one has basically stayed flat, right? So essentially the price is 100% above wheer it should be, and I just don't see any moer upside here, and unless I am looking at the numbers wrong, predict it will be under .018 within a week.
Got any info that I'm seemingly missing? I just don't see what others seem to be seeing.
And trust me, I want to believe. I've been waiting 18 months for the next PAIV/PAIM/AWYB, and I have enough money to put in to be very well off with a 10-20 bagger (which I think is an extremely low estimate for the next one that relly qualifies).
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
PCola77, I unfortunately bought into this around $0.11 (a little under), so I hope you are wrong.
When the dividend shares were sent, originally, my account reflected them, but did not reflect the price change. However, the first morning when the market opened, the price was definitely cut in half like it was supposed to be. They have been trading above that ever since.
I need to see $.05XX to get out of this one.
Posts: 681 | Registered: Feb 2008
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posted
Thanks for that info. I think I kind of had a brain cramp, because te charts automatically adjust themselves. By the way, sorry for your loss, but I don't think you'll be breaking even on this one. Hope I'm wrong for your sake. I just don't believe there's any significant number of short shares out there.
quote:Originally posted by SoAngel: However, the first morning when the market opened, the price was definitely cut in half like it was supposed to be.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Yeah, I kinda figured that. I can sell now and lose a little bit, or I can wait it out for a long term thing and cross my fingers. Haven't made up my mind yet.
Posts: 681 | Registered: Feb 2008
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posted
Just remember that there's still plenty of downside risk when all the people waiting for the big squeeze start to bail.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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quote:Originally posted by PCola77: Tex, I've kept an eye on this one, and the guys on the Hub are *certain* that there will be a huge short cover. What short are they seeing? Half the posters talk out their asses (one guy says he has 1.1 million shares) and there are obviously a LOT of people that you can tell are totally new to this and will get eaten alive soon.
Here's my question: Dividend shares are supposedly now issued. Since it was a 1 to 1, there are 2x the number of shares out there now, right? If so, typically the price would adjust downward by 50%, yet this one has basically stayed flat, right? So essentially the price is 100% above wheer it should be, and I just don't see any moer upside here, and unless I am looking at the numbers wrong, predict it will be under .018 within a week.
Got any info that I'm seemingly missing? I just don't see what others seem to be seeing.
And trust me, I want to believe. I've been waiting 18 months for the next PAIV/PAIM/AWYB, and I have enough money to put in to be very well off with a 10-20 bagger (which I think is an extremely low estimate for the next one that relly qualifies).
ya, saw your post...was it ever answered?
basically, I dunno...have no handle on any amount of early, mistakenly delivered shares. Seems to me, one would have to have at least a decent estimate to gauge the potential.
My main interest is to let it play through, then possibly report it, later, depending on what happens...
posted
Of course not. Questions that require answers different from the irrational exhuberence are ignored there...
quote:Originally posted by T e x:
quote:Originally posted by PCola77: Tex, I've kept an eye on this one, and the guys on the Hub are *certain* that there will be a huge short cover. What short are they seeing? Half the posters talk out their asses (one guy says he has 1.1 million shares) and there are obviously a LOT of people that you can tell are totally new to this and will get eaten alive soon.
Here's my question: Dividend shares are supposedly now issued. Since it was a 1 to 1, there are 2x the number of shares out there now, right? If so, typically the price would adjust downward by 50%, yet this one has basically stayed flat, right? So essentially the price is 100% above wheer it should be, and I just don't see any moer upside here, and unless I am looking at the numbers wrong, predict it will be under .018 within a week.
Got any info that I'm seemingly missing? I just don't see what others seem to be seeing.
And trust me, I want to believe. I've been waiting 18 months for the next PAIV/PAIM/AWYB, and I have enough money to put in to be very well off with a 10-20 bagger (which I think is an extremely low estimate for the next one that relly qualifies).
ya, saw your post...was it ever answered?
basically, I dunno...have no handle on any amount of early, mistakenly delivered shares. Seems to me, one would have to have at least a decent estimate to gauge the potential.
My main interest is to let it play through, then possibly report it, later, depending on what happens...
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Wow, I definitely took your advice and maybe should've waited just a bit. Ah well, win some, lose some. Posts: 681 | Registered: Feb 2008
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posted
Just saw that. I am sorry you took the loss that you did, but still think there is no squeeze. My guess is that this is just moving on IHub hype...
There's only been like $20,000 traded, so that could easily be just a bunch of small buys or a couple of big ones.
I obviously never hope a stock goes down and people lose money, but I still think I am right about this one and it will drop back hard soon.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Uncle Smelly, my biggest beef with the "short squeeze" proponents, is this:
Where did this "massive short" come from?
PAIV was COMPLETELY different. The number of shares traded on the day that the short was created was like 1000x the "correct" float. There were people all over every board sayign taht they sold shares (myself included), and so it was obvious that a TON of shares were "illegally" in the marketplace. I have yet to see even one person who claims to have inadvertantly shorted shares.
Correct me if I'm wrong, but here's how the shares were supposedly shorted. Person A buy 1000 shares on Feb 1st. On Feb 10th they get their dividend shares and sell 2000 shares. They have shorted 1000 shares by doing this.
The total volume that I saw someone say occurred on the days that this could have been shorted was like 4million. So the max short is 4million, and the likely short is a very, VERY small portion of that.
Please tell me the error in my logic.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
I wish I would've had the patience to just break even on this one. I am always learning, and I am always being surprised.
Posts: 681 | Registered: Feb 2008
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posted
Angel, let's revisit this in a week or so. My prediction based on past experience (and not knowing you at all, obviously) is that even though looking at it right now you could have sold for break even, had you never read my post you would have held through this spike, and ended up worse off.
of course this is all my opinion, but I've seen it many times before. There have been dozens of posts claiming to be the "next PAIV", but there has only been one that I know of (AWYB) in the two years since then.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
To have played this for the divvy, then hold in the face of a screwup is one thing. To buy in cold, start a new position for a screwup play is something for seasoned traders...
Take BHUB--I thought it would have a week or two from a DTC notice till an SEC suspension...
Out of the blue, here comes NASD with a new toy--its revised, stronger powers of halt...and POW! BHUB is halted, tieing up Lord knows how much capital.
posted
Just read a PR that someone posted on IHub from UHCR. I actually cringed while reading it. First, that type of PR ALWAYS seems to be a kiss of death. To me it's like poking a sleeping pit bull with a stick. I don't belieev there was a short position before, but I bet now they short the hell out of it to prove a point taht they are more powerful than we can ever be, and you don't throw stuff like this in their face... Also, the PR actually equating this to PAIV and referenceing TD Ameritrade as "one of the few brokers that did it correctly" is retarded at best, IMO.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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quote:Originally posted by PCola77: Just read a PR that someone posted on IHub from UHCR. I actually cringed while reading it. First, that type of PR ALWAYS seems to be a kiss of death. To me it's like poking a sleeping pit bull with a stick. I don't belieev there was a short position before, but I bet now they short the hell out of it to prove a point taht they are more powerful than we can ever be, and you don't throw stuff like this in their face... Also, the PR actually equating this to PAIV and referenceing TD Ameritrade as "one of the few brokers that did it correctly" is retarded at best, IMO.
Why is this such a problem for you? The stock is up from .03 to almost .07 today. Great move with much more to come.
This has a lot going for it:
- Verified low float under 18 million - CEO that can be reached on the phone. - Verifiable, real business - Ungagged T/A - Growing business - A CEO that was a penny investors and knows what to do to increase pps value.
More PR's are probably coming. It sounds like some of you guys have been burned pretty badly in the past, but you could have made over 100% here already from .03 last week. And there is much more to come.
Posts: 630 | Registered: Jun 2006
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posted
Are you asking abotu my problem with the stock, or the PR? I thought I explained both, but obviously not to yor satisfaction. And yet again, my question of "where did a 'huge' short position come from?" goes unanswered.
A low float stock can easily double on hype. I just continue to think there is no short squeeze at play here.
Like I said, I've played them before, and made a butt-load of money on them, and am badly thirsting for the next one, but I am confident that this is not it.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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quote:Originally posted by PCola77: Just read a PR that someone posted on IHub from UHCR. I actually cringed while reading it. First, that type of PR ALWAYS seems to be a kiss of death. To me it's like poking a sleeping pit bull with a stick. I don't belieev there was a short position before, but I bet now they short the hell out of it to prove a point taht they are more powerful than we can ever be, and you don't throw stuff like this in their face... Also, the PR actually equating this to PAIV and referenceing TD Ameritrade as "one of the few brokers that did it correctly" is retarded at best, IMO.
lol, ya...I saw that part about "halting" the shorting/broker problems, and thought, "Geez, don't give SEC or FINRA any ideas!"
posted
LOL. Just saw the first post talking about where the party will be when this goes to the moon. Between that and the PR, you can't get a much bigger kiss of death...
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
No body has said where yet but I am sure it will be a humdinger. LOL. Pcola, the only thing I have seen is some posters saying they got shares that they werent suppose to. The only thing this has going for it is a very low OS and float, and a business that is a brick and mortar store. As far as the short position, their was 4 million shares traded in Feb. If there is a short it could only be 2 million. This may run a little more but I doubt it will go to the moon. Just my 2 cents. TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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posted
Oh well, I should probably just let it go, but it bugs me to know that people who don't understand this stuff are going to get sucked in and get smoked, I bet.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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quote:Originally posted by PCola77: Oh well, I should probably just let it go, but it bugs me to know that people who don't understand this stuff are going to get sucked in and get smoked, I bet.
Ok, let's back up...
PC, you mentioned total shorts on PAIV.
What was the ratio on the overall share structure?
posted
Tex, I can't remember offhand and will be out of the office until at least early afternoon today, so if I have time I'll check then, but it was some huge multiple, whereas I think this one could have been 1X max.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Ulysses Holding Corp. Releases Its Outside Auditor's PreliminaryRecommendations
Mar 13, 2008 13:43:04 (ET)
JACKSONVILLE, NY, Mar 13, 2008 (MARKET WIRE via COMTEX) -- Ulysses Holding Corp. (PINKSHEETS: UHCR) previously announced that it has retained a special outside auditor to review the trading patterns of its securities.
The auditor has recommended after its preliminary review that the company immediately change its CUSIP I.D.; secondly, the company erred by issuing a stock dividend, as this only allowed the increased potential for shorting of its securities.
The auditor also recommended that the company embark on a buyback of 4 million of its common shares on the open market effective immediately.
"Management has accepted the auditor's recommendations and will implement such immediately; we will not tolerate any abuse in the trading of our securities by anyone and will take whatever action necessary to stop any and all abuses," said Clayton Young, President.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
posted
As I just posted on the under .10 board, I think the CEO played this just right, regardless of if there is a short or not. It's obviously running on this news. COngrats to those who were in, and my apologies to anyone that didn't get in, or got out, soelly because of my skepticism.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Oh, but for the record, it still needs another 16000%+ to even approach PAIV levels.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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