I like it here. First resistance maybe .006, when it gets by .01, might see .017 again ?
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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I'm in as well...but scottrade cut my order short. Is their a limit on how many shares you can buy?
Posts: 32 | From: Socal | Registered: Oct 2006
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-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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quote:Originally posted by sunny: I like this one. Moves on little volume. MM's are on this one...imo and they will move it. Either way, I'm in! Patience.
Have a great trading day Allstockers.
hope you're right
Posts: 32 | From: Socal | Registered: Oct 2006
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Much is being made of this 8K elsewhere. May have a negative affect on the PPS of DBMI, or it may HAVE HAD that affect already. The filing was called to my attention after I bought DBMI at .0035, and opened this thread.
Pretty scary stuff, unless you consider 1/2 of these pennies either have no product and / or few or no employees.
The volume / price activity fit the model I use to identify potential gainers. If one would have been fortunate to purchase DBMI, at .003, and sell at the top the same day, they would have realized a 70% gain, at .0035, a 50% gain, ( it hit .0053, on 10/31 after the alert). I am still holding, and this is why:
I'd like to use SCRH as an example of bad news not really being bad. Look at the chart below and note the take down to .0075 in early Feb '06.
On February 7, 2006, the District Attorney for New York County ("DA") announced the indictment and arrest of Richard K. Goldring, our president, chief executive and financial officer, and principal shareholder. The indictment charges Mr. Goldring, two other individuals and five corporations associated with the Scores East (f/k/a Scores Showroom) nightclub located at 333 East 60th Street, New York, NY with falsifying tax returns and other business records.
It fit, but that filing scared me half to death, and I elected not to play it. Check the chart again, and notice the double gain shortly after the filing. So, I decided bad news makes little difference, and this why, (imo). Runs and take downs are a product of MM's total ability to control the Bid / Ask process. Filings and news are the cause or excuse for them to take a stock down so dramaticly. Look at the chart for DBMI, and notice the take down from the beginning of October.
There has been higher than usual volume and a take down from .02. An aweful lot of red on that chart. MM's have been collecting DBMI since the beginning of October, and will soon want their money back, plus profit.
Yea, it's a crap company. How many down here in the gutter aren't? If you bought at the alert price of .003 / 0035, you have a Bid of .004, and can cover your commision if you elect to sell, and get out saving your principal, no harm, no foul. Me, I am gonna wait for at least a double, or that second resistance level of .009. If it falls to .0025, I'll buy more.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
...and there's the double, ty ! .007 printed.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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