quote:Originally posted by gumzsa: I cant believe no one is talking about this stock. I am up $600.00. Look at the 5 day chart and this is with no news.
Up. Now over .04/PPS. Green every day for the last week.
Posted by Homersbud on :
Only thing worth wild in this pos market!
Played it a couple times...just watching now, damn!
Posted by juice on :
this is WILD Posted by gumzsa on :
It's been going up everyday for a week. I could of sold for $1,000.00 profit but I am waiting for some big news. This thing should take off like a rocket once we get a PR.
Posted by gumzsa on :
Who gave me a 1 star rating. WTF.
Posted by stocktrader2006 on :
quote:Originally posted by gumzsa: It's been going up everyday for a week. I could of sold for $1,000.00 profit but I am waiting for some big news. This thing should take off like a rocket once we get a PR.
Up a grand eh? I'm up too, but dont want to brag about it.....lets just say your grand needs an 18-bagger..........lol
Posted by gumzsa on :
I am sorry if I sound like I am bragging but I have lost my azz over the last 2 years trying to learn how to trade pennies. I think I am figuring it out. Sadly to say this would be my biggest profits ever so I am excited. Hopefully many profits to come. I actually have bigger investments in some other stcoks but they are just sitting there doing nothing.
Stocktrader do you do this for a living or just on the side?
Posted by stocktrader2006 on :
just kidding with you...I know what you're talking about by losing your ass - this year has really blown for me and swvc is making up for it.....no, i just do this on the side.
Posted by gumzsa on :
It would be nice to do this for a living but you would probably have to have a bunch of money and take 10% gains at a time. I have seen tons of pennies that move up 10% than back down. If you had $10,000 to invest 10% would be $1,000....not too shabby for a days work. I think they call that flipping which sucks for longs but it is probably the only way to do this full time and not be broke. Maybe someday.
Posted by BanginStocks on :
I'll go ahead and brag, I'm stoked about this one, I'm up 40 grand.
Posted by a surfer on :
quote:Originally posted by BanginStocks: I'll go ahead and brag, I'm stoked about this one, I'm up 40 grand.
Might want to take some profits then you can really brag...
up over 12% today .053
Posted by FrankNitti on :
.056 now
Posted by juice on :
happy i bought this in GSCR days lol
Posted by a surfer on :
quote:Originally posted by juice: happy i bought this in GSCR days lol
Congrats juice!!
Thats something you rarely hear in micropenny land..
Posted by Happy Valley on :
.069 Nice call guys...
Posted by Homersbud on :
Weeeeeeeeeee! Bought back in at 06, just sold at 07. Woohoo!
Posted by Homersbud on :
lol...sold a little too early! 081's now
Posted by JimSC on :
quote:Originally posted by Homersbud: lol...sold a little too early! 081's now
You can make it up with TRDQ.
This is a good time to get your capital out.
Posted by juice on :
quote:Originally posted by a surfer:
quote:Originally posted by juice: happy i bought this in GSCR days lol
Congrats juice!!
Thats something you rarely hear in micropenny land..
lol thanks dude! originally i had 450k shares sold half for a double at .015 then sold some up to today. now i have 75k imagine if i kept them all... AHHH still good though!
Posted by Hannibull on :
what a walk-down, wow! closed 0.048
Posted by gumzsa on :
I knew I should of sold at .07. Well it is still another green day. Hopefully it will go up tomorrow.
Posted by JimSC on :
Great job, guys. But after a pink hits the top, it will drop 40% each day due to profit taking. Tomorrow morning open is the best time to get out. Check the chart of PDGT and SLON. Get out and wait for next cycle.
Posted by JimSC on :
Learn how a pink drops in pps after hitting the top from a real example:
:-D In at .0061 out in the .07s hellow early christmas...or hellow jaguar?
Posted by gumzsa on :
I cant believe it dropped all the way back to the .02's. I have to get better at my timing of selling pennies.
Posted by BanginStocks on :
Does anyone think this will be good to get back into? Where at?
Posted by gumzsa on :
This thing has been all over the place for the last couple of days from .02's to .08's. Rumor is they are supposed to be filing an 8-k within a week. Might be a good time to load up.
Posted by gumzsa on :
Up 17% today. Hope it keeps on going.
Posted by stocktrader2006 on :
Time to reload, this thing going over .10 within a week, IMO
Posted by HolyPennyMan on :
closed at .03 today everyone believes it will close at .10 tomorrow
Posted by stocktrader2006 on :
quote:Originally posted by HolyPennyMan: closed at .03 today everyone believes it will close at .10 tomorrow
No way, not without an 8-K.......at best this closes at .05 tomorrow....look for .10+ after 8-K (next week), all IMO. Either way, i am locked and loaded.
Posted by Lockman on :
.0275 x .028
Think this is a good load up point?
Posted by J_U_ICE on :
SEAWAY VALLEY CAPITAL CORPORATION RELEASES ACQUISITION UPDATE NEW YORK, NY, September 18, 2007 – Seaway Valley Capital Corporation (OTC Bulletin Board: SWVC) chairman and chief executive officer, Thomas W. Scozzafava, issued the following update to its shareholders today: Dear Shareholders: I am pleased to update you on the progress of WiseBuys Stores, Inc. (“WiseBuys”), including its pending acquisition of Patrick Hackett Hardware Company (“Hacketts”). As previously communicated, Seaway Valley Capital Corporation (“Seaway”) is expecting to merge 100% of WiseBuys Stores, Inc. into Seaway shortly. The recent modifications in the merger structure have necessitated an amendment to WiseBuys’ certificate of designation with the State of Delaware as well as a shareholder vote at WiseBuys, which has taken some additional and unexpected time. It should be noted that 81% of the WiseBuys shareholders previously agreed to the transaction when it was structured as a simple acquisition, and that 70% have already expressed their support of the revised merger structure because of its favorable tax treatment. We anticipate finalization these amendments and an affirmative shareholder vote at WiseBuys this month. Immediately thereafter, we will close the merger and trigger the release of the audited financials in the 8K. WiseBuys and its partners generated store-wide sales and trading revenues of approximately $12.5 million in 2006, and WiseBuys alone generated “Comprehensive Income” in 2006 of just under $1,000,000. In 2006, WiseBuys and its partners together generated sales per square foot of approximately $53 per foot on WiseBuys’ 190,000 square feet of sales floor. In addition, WiseBuys is pleased to announce that it has received a commitment for sufficient financing to close WiseBuys’ pending acquisition of Hacketts. This financing will not involve the issuance of new debt or equity, but rather the sale of certain of WiseBuys’ non-strategic assets. Hacketts’ reviewed financial statements disclosed 2006 sales and earnings of $13.1 million and $141,000, respectively. These full year results include only about 45 days of operations in its newest store located in Watertown, NY, which opened in November of 2006. Hacketts’ sales per square foot average over $100 per foot on its 144,000 square feet of sales floor space. After completing the acquisition, WiseBuys intends to convert its stores to the “Hacketts” brand so that all 334,000 square feet of selling space is consistently merchandised and operated. Our intention is to close the Hacketts acquisition on or before November 30, 2007 and to invest aggressively in the growth of the Hacketts brand throughout the region. Finally, many of you have asked whether or not Seaway will exclusively focus on supporting the growth and development of its retail investments during 2007 and 2008 – know that Seaway is currently evaluating additional investments and acquisitions in a diverse array of sectors. Our plan is to complete at least one substantial non-retail investment prior to year end. I am pleased to be able to update you on these events, and I shall continue to update you with further developments. About Seaway Valley Capital Corporation Seaway Valley Capital Corporation was formed in 2002 and makes equity, equity-related, and debt investments in companies that require expansion capital and in companies pursuing acquisition strategies. Seaway also seeks investments in leveraged buyouts and restructurings. Seaway will consider investment opportunities in a number of different industries, including retail, restaurants, media, business services, and manufacturing, and Seaway will also consider select technology investments. Safe Harbor Statement This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of the Company, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. For more information, please contact: Seaway Valley Capital Corporation Email: contact*seawaycapital.com Web: www.seawaycapital.com Investor Relations: Andrew Hellman CEOcast, Inc. Phone: 212-732-4300
Posted by Stockguru06 on :
great news out!!! I expect it to reach 0.05 today again
Posted by Stockguru06 on :
gapping ask moved to 0.029 easy 30-40% trade today imo
Posted by Stockguru06 on :
ask 0.034 already
Posted by gumzsa on :
Up 38%. NEWS COMING!!!! Possible 8K.
Posted by Homersbud on :
I got 10k at 03. Nice close!
Posted by juice on :
72% for the day, NICE
Posted by Stockguru06 on :
curious what it will do today
Posted by Stockguru06 on :
up 5.94% already after 73% gain yesterday..looking good so far and lots of volume first 10min
Posted by Homersbud on :
Well, i sold out at 033. Looking for a re-entry
Posted by Homersbud on :
Was there suppose to be some sort of news out AH yesterday or something this morning?
Posted by Homersbud on :
Wow, nice bounce.
Posted by Hannibull on :
in at 0.0265, this needs to break the HOD for a run (imo)
Posted by Homersbud on :
quote:Originally posted by Hannibull: in at 0.0265, this needs to break the HOD for a run (imo)
Nice catch dude
Posted by Hannibull on :
I also bought at 0.0165.... BUT also at 0.035 and 0.044 days before hehehe, so I averaged down (I'm green now though).
Bid support's a little weak (only a few MMs) but the general feeling is good, it's all about psychology
Posted by Stockguru06 on :
going to make new highs today
Posted by Homersbud on :
0365, nice
Posted by gumzsa on :
It is awakening. Up 25% at .04 PS.
Posted by sandor butosi on :
This stock is setting up nicely. If this stock closes above .046 today without news then it may run to .075 tomorrow. IMO With news who knows how high it may go!!
Posted by sandor butosi on :
back up to .04
Posted by gumzsa on :
nice .045 close. Tomorrow could be fun.
Posted by sandor butosi on :
Stock closed above .046. Tomorrow should be green! Awaiting 8k on merger news and this thing should fly. Other boards are talking this one up big. .086 seems to be the next major test for this stock. That is almost a 100% gain.
The financial statements have been prepared using accounting principles generally accepted in the United States of America applicable for a going concern which assumes that the Company will realize its assets and discharge its liabilities in the ordinary course of business. As of March 31, 2007, the Company has no established source of revenues. The Company has also, accumulated losses of $4,504,728 and used $1,090,007 in cash from operations since its commencement. Its ability to continue as a going concern is dependent upon achieving production or sale of goods, the ability of the Company to obtain the necessary financing to meet its obligations and pay its liabilities arising from normal business operations when they come due and upon profitable operations. The outcome of these matters cannot be predicted with any certainty at this time and raise substantial doubt that the Company will be able to continue as a going concern. These financial statements do not include any adjustments to the amounts and classification of assets and liabilities that may be necessary should the Company be unable to continue as a going concern.
The Company intends to overcome the circumstances that impact its ability to remain a going concern through a combination of the commencement of revenues, with interim cash flow deficiencies being addressed through additional equity and debt financing. The Company's ability to obtain additional funding will determine its ability to continue as a going concern. There can be no assurances that these plans for additional financing will be successful. Failure to secure additional financing in a timely manner and on favorable terms if and when needed in the future could have a material adverse effect on the Company's financial performance, results of operations and stock price and require the Company to implement cost reduction initiatives and curtail operations. Furthermore, additional equity financing may be dilutive to the holders of the Company's common stock, and debt financing, if available, may involve restrictive covenants, and may require the Company to relinquish valuable rights. *************************************************
How is thing thing gaining so much ground when the company apparently has no legs to stand on? Is it sheer rumor driving it or is there something else viable waiting in the wings that's not out yet? According to this report they are over 5 million dollars in debt at this point and in the words of this report "As of March 31, 2007, the Company has no established source of revenues"...
Posted by gumzsa on :
Up 20% all ready. Lets go!!!!!
Posted by pennies2007 on :
Oh well...buy on rumor, sell on news. I'm in at .0485...let's see what happens! LOL! Posted by pennies2007 on :
I wish these day traders would hurry up and sell out their profit so the stock could really make some gains. They're keeping the price down around .05 cause they're trigger happy. If they would leave it alone, it would have already been over .06 ...
Posted by tigerontop on :
I bought all in yesterday morning, and wish I could load up more on this dip. All this needs is goog some volume to push the past.052 and it should run nicley.
Posted by pennies2007 on :
Well another losing day. Looks like the pumpers and the MM's had a good time though. I should have known better but maybe there's a turnaround in the next few days. Only time will tell...
Posted by tigerontop on :
If you look at the chart it was bound for some profit taking. Still a good play. I am patient with this one right now. Still think good entry point, but these pennies are not always for the faint of heart thats for sure. I am holding on 350,000 shares over the weekend which I never do.
Posted by pennies2007 on :
One good point in favor of this stock is that the golden cross is just around the corner. If they time the release of the merger news with the golden cross it'll be a rocket...
Posted by sandor butosi on :
My chart setup for SWVC. Link is at bottom. Please read and save this post.
Open link below for SWVC 4 month chart and adjust to 1,2,3 and 4 months on chart attributes and hit update to get the big picture on this stock.
My chart analysis:
Today SWVC tested the EMA8(.0335) but closed above at .035. MACD is still positive (good) and WmR%9 is slightly below 50 (slightly bad) but so were most all stocks today. ex. F, GM, VMW, EMC.
For Monday: On the down side SWVC must hold .0335. If not, next test is .029. If you draw a straight up sloping line on all the lows on any of the charts you will see the predicted absolute bottom for Monday is .029 which is also the middle Bollinger Band. As time goes on this bottom price rises.
On the other hand this stock appears oversold and it could also rise Monday to test the upper BB which is .040. if it holds then back up we go each day. Volatility will come again if there are pumps and day traders will make out. Thats OK. Overall though SWVC should continue its upward trend with higher highs and higher lows. The chart says it all.
I bought 250,000 shares EOD today at .034. I will not sell unless it looks like the stock cannot maintain .029. My gut tells me today was a panic every where (DJ down -366 points) and that people will clear their heads this weekend and buy back value Monday. That is why I bought.
IMPORTANT: When the WmR9 crosses back up above the -50 mark the chart readers will jump in and then SWVC will take off. Pay attention to this point in particular!
All the other indicators are headed down. jmo
Posted by sandor butosi on :
If we hold the MA8 on Monday and we have a white candle day then SWVC will move up. If we don't hold the MA8 on Monday and have a red or black candle then we will probably continue down untill we hit a bottom. When the stock is declining and we have a red candle day followed by a white candle day that is the time the stock should start back up. EMA8 is my confirmation of a solid up trend.
Check out my chart link with any stock for those that are learning. Remember a sudden event such as unexpected good or bad news will change things one way or the other and you have to follow the momo at that point. The chart is still used to monitor reference points to know when to get in and out quickly. Free charts are 15min delayed so make sure you use a paid real time chart service.
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