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Author Topic: MGWE- down huge possible bounce
Fuzzy1018
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I'm in at .02 lets see
my recent bounce plays
CBEL- called it at .0025 traded up to .0047
Hmit- called at .02 yest. traded up to .025

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lostone
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this one has been up and down a lot.. i wanted to get it too but TDA won't let me w/o calling in.. i'd rather not

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Fuzzy1018
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i picked up some through choicetrade without having to call in
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Fuzzy1018
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watch it turn .015
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PCola77
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Man, I hate to keep doing this to you, because you've been on a roll, but this company did a 1:200,000 reverse split a few months ago, and then was pretty much dead in the water for two months,. Then last week (or the week before, I forget) they seemed to have dumped a bunch of shares on the market. People mistook (in my opinion) it for a broker error or naked shorting and bounced it up last week. I think the fall is just the remaining people cutting there losses.

Could still bounce with some volume, but his one may be tough to get out of if you get in.

And also, the spread is over 100% right now, .015 to .035, so it may be worth putting in a bid, but buying at the ask could be trouble.

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Fuzzy1018
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quote:
Originally posted by PCola77:
Man, I hate to keep doing this to you, because you've been on a roll, but this company did a 1:200,000 reverse split a few months ago, and then was pretty much dead in the water for two months,. Then last week (or the week before, I forget) they seemed to have dumped a bunch of shares on the market. People mistook (in my opinion) it for a broker error or naked shorting and bounced it up last week. I think the fall is just the remaining people cutting there losses.

Could still bounce with some volume, but his one may be tough to get out of if you get in.

And also, the spread is over 100% right now, .015 to .035, so it may be worth putting in a bid, but buying at the ask could be trouble.

I know Pcola thanks though. All i know that I was about to buy this one yesterday at .06 and today i'm getting an entry point of .02 so why not.
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Fuzzy1018
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quote:
Originally posted by Fuzzy1018:
quote:
Originally posted by PCola77:
Man, I hate to keep doing this to you, because you've been on a roll, but this company did a 1:200,000 reverse split a few months ago, and then was pretty much dead in the water for two months,. Then last week (or the week before, I forget) they seemed to have dumped a bunch of shares on the market. People mistook (in my opinion) it for a broker error or naked shorting and bounced it up last week. I think the fall is just the remaining people cutting there losses.

Could still bounce with some volume, but his one may be tough to get out of if you get in.

And also, the spread is over 100% right now, .015 to .035, so it may be worth putting in a bid, but buying at the ask could be trouble.

I know Pcola thanks though. All i know that I was about to buy this one yesterday at .06 and today i'm getting an entry point of .02 so why not.
there could have been shorting, although you have the right to your opinion
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Fuzzy1018
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looks ready now just hit .035 and bid building
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madmoney
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as of march 31st 2007 there were over 22 BILLION shares out SUBSEQUENT TO march 31st 2007 the company affected a 500,000 for 1 reverse split, "SUBSEQUENT TO" means 22 billion out AFTER the split???
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Fuzzy1018
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quote:
Originally posted by madmoney:
as of march 31st 2007 there were over 22 BILLION shares out SUBSEQUENT TO march 31st 2007 the company affected a 500,000 for 1 reverse split, "SUBSEQUENT TO" means 22 billion out AFTER the split???

no 44,000 post split
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Fuzzy1018
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smart money loading up
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PCola77
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Correct 44,000 O/S pre-dilution/shorting [Smile]

At one point I owned almost 5x the "O/S"

quote:
Originally posted by Fuzzy1018:
quote:
Originally posted by madmoney:
as of march 31st 2007 there were over 22 BILLION shares out SUBSEQUENT TO march 31st 2007 the company affected a 500,000 for 1 reverse split, "SUBSEQUENT TO" means 22 billion out AFTER the split???

no 44,000 post split

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Fuzzy1018
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Oh man if we are down here due to shorting then i'll be rich [Wink]
quote:
Originally posted by PCola77:
Correct 44,000 O/S pre-dilution/shorting [Smile]

At one point I owned almost 5x the "O/S"

quote:
Originally posted by Fuzzy1018:
quote:
Originally posted by madmoney:
as of march 31st 2007 there were over 22 BILLION shares out SUBSEQUENT TO march 31st 2007 the company affected a 500,000 for 1 reverse split, "SUBSEQUENT TO" means 22 billion out AFTER the split???

no 44,000 post split


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madmoney
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0 income,0 revenues,0 exspenses, 0 advertising costs,0 cash on hand,0 office exspenses, 0 equiptment costs, zero everthing!! what are we investing in???
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PCola77
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Well mad, I "invested" at .02 on the off chance that it really was a broker screw up. Then some guy showed up on IHub claiming there was a group who had been given like a million shares to pump it, so I bailed. (this was last week)

I would stay away from it at this point, but that's just my opinion.

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Fuzzy1018
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pcola looks like i have your shares now lol, i'm confident that we'll be over .05 by friday
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madmoney
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this from BCYR press release 7/13/07 may explain the price decline --- ""Finally, it has been brought to our attention that a company trading as MGWE has been issuing PR's promoting themselves as the "developer of the 'EnterVision'(TM) Broadcasting System"; this cannot be further from the truth. The EnterVision system was invented by and is owned by Herbert L. Becker, CEO of Barclay Road. The technology is patent pending and the software code is protected by both US and Canadian software copyrights. The system is completely proprietary to Dr. Becker and Barclay Road. Further, the company trading as MGWE has no rights or grants of rights, which would allow them to begin negotiations with any broadcasters. Barclay Road will seek legal relief for any and all damages caused by the management and directors of MGWE because of the misleading information circulated in the media."" oops!!!
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Fuzzy1018
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from .09 to .01 in 2 days gotta be a bounce coming; buys coming in now
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lostone
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i guess TDA does do some good w/ restrictions

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lostone

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PCola77
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Is Scottrade right? They are showing no bid, meaning you can't dump this at any price. Anyone else seeing that?
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dbrownRC
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yep

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Eat, Drink, and Be Merry

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Fuzzy1018
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boy was i wrong on this scam
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PCola77
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Holy sh*t Fuz, I hope you didn't lose too much here! I didn't expect a bounce, but sure didn't expect this!
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madmoney
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WOW down 93 percent today after falling over 60 percent yesterday!! not looking to good!! [Eek!]
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Fuzzy1018
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yea i got scammed
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Fuzzy1018
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totally unreal
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PCola77
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Might bounce from .001 though! [Roll Eyes]
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TopRob
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Looks like one big dilution machine. CEO must be one crazy mad man.
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JJMoneyman
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I realize this is a POS stock but is it swinging wildly between 001 and 005. I know it's a gamble but I picked some up at 0013 today but I fell asleep at the wheel and put my sell in a touch too high. Hopefully I can dump them tomorrow for a stupid gain. One of these times doing something stupid like this is going to bite me in the rear. It's been a good week for me so a little $$ gamble seemed like the thing to do.

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My opinion is only that.

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J_U_ICE
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14:05 12/7/2007 MGWE Magicweb Inc New Common Stock GLMN Global Media Networks Inc Common Stock 1-100,000 R/S **

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The difference between genius and stupidity is that genius has its limits

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BooDog
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14:05 12/7/2007 MGWE Magicweb Inc New Common Stock GLMN Global Media Networks Inc Common Stock 1-100,000 R/S **

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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BooDog
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It's a tie LMAO

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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