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  QBID: Triangle Multimedia Inc. (Page 3)

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Author Topic:   QBID: Triangle Multimedia Inc.
Randy803
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posted February 19, 2004 13:03     Click Here to See the Profile for Randy803     Edit/Delete Message   Reply w/Quote
Doji be nice.

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Degs
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posted February 19, 2004 13:05     Click Here to See the Profile for Degs     Edit/Delete Message   Reply w/Quote
PALM SPRINGS, Calif., Feb 19, 2004 /PRNewswire-FirstCall via COMTEX/ -- During
a question and answer session between Frank Olsen, CEO of Triangle Multimedia,
Inc. and a group of investors, Mr. Olsen was quoted in the following
conversation: "I will try to cover as many topics I can from the calls I have
received about the functions and goals of the company.

"First, we are expected to have a test run on-air beginning in two months to run
indefinitely. By a test run I mean we will be broadcasting on satellite a signal
for our sales crew to approach advertisers and cable and satellite providers
with. You must understand that we are building a network that will be on the air
24/7 and it is our goal to deliver a polished, consistent product with
longevity. A few movies and a sitcom don't make a network.

"I get constant questions regarding our contract with the Time-Warner Cable
Systems. Our ten-year contract enables us to place our signal throughout the
Time-Warner system on a market-by-market basis. After we meet their strict
broadcast standards we expect to be throughout their system in the months to
come.

"The next most asked question is when can you expect the next press release. It
will be posted when it is pertinent to the company. Otherwise, we are planning a
phone 'hotline' where you can get constant updates. We are in the business to
make a network of quality gay and lesbian programming. We understand that the
shareholders are the true owners of this network and we will do our best to keep
you updated."

QBID Overview

The Triangle Television Network (the 'Company' or 'TTN'), a wholly owned
subsidiary of Triangle Multi-Media Limited, Inc (QBID) was organized to create
and develop a network devoted to providing both television programming for the
gay and lesbian community. While TTN expects much of its subscriber base will be
comprised of members of the gay and lesbian population, management also believes
that quality programming about the gay and lesbian experience, designed to
entertain, educate and inform, will attract many other segments of the viewing
public. TTN's programming will be provided on a subscription basis to those
desiring its programming. The Triangle Television Network will broadcast 24
hours per day, 7 days per week. Providing distribution via satellite ensures
availability of the Triangle Television Network across the United States,
including Alaska, Hawaii and Puerto Rico.

Safe Harbor Statement

As a cautionary note to investors, certain matters discussed in this press
release may be forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such matters involve risks and
uncertainties that may cause actual results to differ materially, including the
following: changes in economic conditions; general competitive factors; Triangle
Multi-Media's ability to execute its business model and strategic plans; and the
risks described from time to time in the company's Securities and Exchange
Commission filings.


QBID Contact: 760-323-4199

SOURCE QBID


CONTACT: QBID - +1-760-323-4199
(QBID)

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realityinc21
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posted February 19, 2004 13:08     Click Here to See the Profile for realityinc21     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by Randy803:
Doji be nice.

I ALWAYS PUT IN A LOW BUY PRICE. THEY ARE LOTS OF TIMES THAT IT WILL FILL. ESPECIALLY WILL SCOTTRADE. DO NOT ASK ME WHY. NEVER FILLS THAT WAY WITH AMERITRADE. JUST MY OWN EXPERIENCE.

I MIGHT HAVE TO CHANGE MY BUY ORDER BUT IT IS ALWAYS WORTH A TRY.

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DIANA

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Rookie1133
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posted February 19, 2004 13:10     Click Here to See the Profile for Rookie1133     Edit/Delete Message   Reply w/Quote
Doji say what!!

Thanks for the info. I guess I have ALOT to learn!!

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realityinc21
Member
posted February 19, 2004 13:12     Click Here to See the Profile for realityinc21     Edit/Delete Message   Reply w/Quote
JUST A HEADS UP--CTKH HAS REACHED THE .0039 RETRACE. I LOOK FOR A NICE RUN TO .0058 TO .007 SOON.

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DIANA

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Randy803
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posted February 19, 2004 13:13     Click Here to See the Profile for Randy803     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by realityinc21:
JUST A HEADS UP--CTKH HAS REACHED THE .0039 RETRACE. I LOOK FOR A NICE RUN TO .0058 TO .007 SOON.


Thats good becouse I been holding mine for along time waiting to SIEZE THE DAY. hehehe

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wildhog
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posted February 19, 2004 13:14     Click Here to See the Profile for wildhog     Edit/Delete Message   Reply w/Quote
diana...thats my reasoning too...as on all pennys the risk is big but for some reason in this case i see what you said :rewards outweight the risk...like i say...who dont risk dont win...w'll see


quote:
Originally posted by realityinc21:
WILDHOG,

CAN YOU IMAGINE OWNING SHARES IN 24/7 T.V. STATION FOR .0018.

THAT BLOWS ME AWAY!!!

I KNOW THIS IS A RISK BUT THE POTENTIAL IS OUTSTANDING.


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realityinc21
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posted February 19, 2004 13:16     Click Here to See the Profile for realityinc21     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by Rookie1133:
Doji say what!!

Thanks for the info. I guess I have ALOT to learn!!


WELCOME ROOKIE--YOU ARE IN THE RIGHT PLACE TO LEARN.

BY THE BY--PINKS DO NOT SHOW A BID/ASK AS WE ALL KNOW. THAT IS WHY I PUT A LOW BALL BUY OFFER IN. CAN BE VERY OFTEN WORK. JMHO

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DIANA

[This message has been edited by realityinc21 (edited February 19, 2004).]

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Anna
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posted February 19, 2004 13:23     Click Here to See the Profile for Anna     Edit/Delete Message   Reply w/Quote
Bought another mill for 0018! Gotta love a bargain!

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Doji say what!!
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posted February 19, 2004 13:25     Click Here to See the Profile for Doji say what!!     Edit/Delete Message   Reply w/Quote
You must understand that we are building a network that will be on the air 24/7 and it is our goal to deliver a polished, consistent product with longevity. A few movies and a sitcom don't make a network.


It is our goal to deliver a >polished< consistent product with longevity.<<<<<<<<<<<<<<<< A++++++ PR

read the fine print

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Doji say what!!
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posted February 19, 2004 13:33     Click Here to See the Profile for Doji say what!!     Edit/Delete Message   Reply w/Quote
sorry guy's
you get some heavy mood swings when your holdings swing 20g's down in about 2minutes at the .0016 bottom.... lol

diana you know what i'm talking about ....

25,370,000 shares holding STRONG!!!! YEAP I'M NUTS

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realityinc21
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posted February 19, 2004 13:33     Click Here to See the Profile for realityinc21     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by Doji say what!!:
You must understand that we are building a network that will be on the air 24/7 and it is our goal to deliver a polished, consistent product with longevity. A few movies and a sitcom don't make a network.


It is our goal to deliver a >polished< consistent product with longevity.<<<<<<<<<<<<<<<< A++++++ PR

read the fine print


YOU ARE RIGHT DOJI--SHARES IN A T.V. NETWORK FOR THE PRICE OF .0018. LIKE I SAID THE POTENTIAL IS FABULOUS. WITH VERY LITTLE RISK. CHANGED BY BUY ORDER FOR 3 MIL TO .0018. I GUESS NOW IS NOT THE TIME TO BE A TIGHTWAD. LOL

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DIANA

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Rookie1133
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posted February 19, 2004 13:34     Click Here to See the Profile for Rookie1133     Edit/Delete Message   Reply w/Quote
Bought 625k at .0018

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RedBullish
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posted February 19, 2004 13:38     Click Here to See the Profile for RedBullish     Edit/Delete Message   Reply w/Quote
I think this stock will be below .0010 in no time.

Nothing against the company and it may still make it... but they are far from being up and running and now everyone is realizing that.

Still time to take some eggs out Doji (unless you can stomach the $20,000 loss so far)

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The Hippo
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posted February 19, 2004 13:38     Click Here to See the Profile for The Hippo     Edit/Delete Message   Reply w/Quote
I have faith in Qbid, and would like to hold long... Its too bad that I dont have enough money in my account to do so =(

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realityinc21
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posted February 19, 2004 13:43     Click Here to See the Profile for realityinc21     Edit/Delete Message   Reply w/Quote
IGNORE IGNORE IGNORE

WE ARE BETTER THAN THAT. IF WE DO NOT RESPOND IT WILL GO AWAY...LOL

OH NO.....I AM STARTING TO HAVE THOSE LESBIAN THOUGHTS AGAIN. LOL

QBID ABID ABID

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DIANA

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Rics1997
Member
posted February 19, 2004 13:44     Click Here to See the Profile for Rics1997     Edit/Delete Message   Reply w/Quote
Can anyone tell me how many o/s on QBID. Ameritrade says 25 mil. put according to this board, a couple people own that many shares themselves.

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Randy803
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posted February 19, 2004 13:46     Click Here to See the Profile for Randy803     Edit/Delete Message   Reply w/Quote
Damnit now I am having Lesbian thoughts again. Thanks DIANA!!!!

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realityinc21
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posted February 19, 2004 13:49     Click Here to See the Profile for realityinc21     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by Randy803:
Damnit now I am having Lesbian thoughts again. Thanks DIANA!!!!

YOU ARE A FREAKING NUT!!! YOUR WIFE IS LUCKY TO HAVE YA!!!

WE MAY BE BROKE BUT WE DO HAVE FUN!!!

------------------
DIANA

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rajarammx
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posted February 19, 2004 13:50     Click Here to See the Profile for rajarammx     Edit/Delete Message   Reply w/Quote
If I remeber right, I read somewhere 7-8 billion...please somebody correct me if I am way off...

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Doji say what!!
Member
posted February 19, 2004 13:53     Click Here to See the Profile for Doji say what!!     Edit/Delete Message   Reply w/Quote
No worries i know what red and swollen bull nut's is talking about.

he's talking about the middle bollie on the daily chart it is at .0010 but qbid will never see it....

ps: use some clear eyes and your outlook on qbid will be alot better!!!!! lol

i will stand strong even at .0010 pissed but strong lol

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GatorMan
Member
posted February 19, 2004 13:55     Click Here to See the Profile for GatorMan     Edit/Delete Message   Reply w/Quote
This from pinksheets.com:

Shares Outstanding: 1,264,988,916 as of 2002-05-30

A little dated.

------------------
~,-,-< GatorMan

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Randy803
Member
posted February 19, 2004 13:56     Click Here to See the Profile for Randy803     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by realityinc21:
YOU ARE A FREAKING NUT!!! YOUR WIFE IS LUCKY TO HAVE YA!!!

WE MAY BE BROKE BUT WE DO HAVE FUN!!!



Yep my wife thinks I am a nut to! I guess I am, I might as well be funny cause I sure aint makin money, hehehe.

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clay1999
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posted February 19, 2004 14:09     Click Here to See the Profile for clay1999     Edit/Delete Message   Reply w/Quote
What's Level 2 looking like? Anyone..... and thank you

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salemm
Member
posted February 19, 2004 14:14     Click Here to See the Profile for salemm     Edit/Delete Message   Reply w/Quote
RE: Shares outstanding:

According to their press release, Frank Olsen states:
Triangle Multimedia Limited Inc. uncertified share info is 15B shares authorized with 7 1/2 B shares outstanding. The company estimates 6000 existing shareholders.

Don't forget the share buy-back program... they seem to be buying back chunks of $20,000 worth every day or so... so they state anyway.
salemm.

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kt325ci
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posted February 19, 2004 14:17     Click Here to See the Profile for kt325ci     Edit/Delete Message   Reply w/Quote
I sold 500K the other day at .0025 and bought 650K today at .0019. This brings my total so far to 6,650,000. I think there is still a good chance we close in the .002s today.

Current L2
BID
3 x .0018
7 x .0017

ASK
1 x .0019
6 x .002

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RedBullish
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posted February 19, 2004 14:19     Click Here to See the Profile for RedBullish     Edit/Delete Message   Reply w/Quote
The only credit I will give to QBID is that it does have a very low market cap of between $2-3 million (unless I am calculating wrong) ... so you are right... the risk vs. the upside potential is good.

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denzen
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posted February 19, 2004 14:20     Click Here to See the Profile for denzen     Edit/Delete Message   Reply w/Quote
Just got back from other biz.
I've felt terrible for encouraging Randy to stay in. Even though I still like this near and long term, I've learned not to be so direct to an individual. Randy, I apologize for giving unsolicited advice.
I'm still in, holding and confident with 2 mil. shares. As soon as i can I will pick up more.

dz

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RedBullish
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posted February 19, 2004 14:34     Click Here to See the Profile for RedBullish     Edit/Delete Message   Reply w/Quote
If the authorized shares are 7.5 billion, that makes a market cap of $14.2 million with the current share price. Not overly high, but not as low as I thought.

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mullocco
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posted February 19, 2004 14:34     Click Here to See the Profile for mullocco     Edit/Delete Message   Reply w/Quote
15bx.002=30m quiet not high for tv station

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salemm
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posted February 19, 2004 14:38     Click Here to See the Profile for salemm     Edit/Delete Message   Reply w/Quote
Composite Indicator
SIGNAL STRENGTH DIRECTION
Trend
Spotter(TM) Hold Steady

Short Term
Indicators
7 Day Average
Directional
Indicator Buy Minimum Weakest

10 - 8 Day
Moving Average
Hilo Channel Buy Minimum Average

20 Day Moving
Average vs Price Hold Steady

20-50 Day MACD
Oscillator Hold Steady

20 Day Bollinger
Bands Hold Bearish

Short Term Indicators Average: 40% - Buy

Medium Term Indicators
40 Day
Commodity
Channel Index Buy Minimum Weakest

50 Day Moving
Average vs Price Hold Steady

20-100 Day
MACD Oscillator Hold Steady

50 Day Parabolic
Time/Price Hold Steady

Medium Term Indicators Average: 25% - Buy

Long Term Indicators
60 Day
Commodity
Channel Index Buy Weak Weakest

100 Day Moving
Average vs Price Hold Steady

50-100 Day
MACD Oscillator Hold Steady

Long Term Indicators Average: 33% - Buy

Overall Average: 32% - Buy

CONCLUSION : BUYYYYYYYYYY !!
salemm.

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salemm
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posted February 19, 2004 14:43     Click Here to See the Profile for salemm     Edit/Delete Message   Reply w/Quote
Ah Crap!!!! Didn't come out as it should have. Disregard above... go here: http://quotes.barchart.com/texadv.asp?sym=QBID
salemm.

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fastrunner
Member
posted February 19, 2004 14:55     Click Here to See the Profile for fastrunner     Edit/Delete Message   Reply w/Quote
Qbid .0002 Is this for real? Aaagh!!!!

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njs300zx
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posted February 19, 2004 14:56     Click Here to See the Profile for njs300zx     Edit/Delete Message   Reply w/Quote
.0002. Is this for real.

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Randy803
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posted February 19, 2004 14:56     Click Here to See the Profile for Randy803     Edit/Delete Message   Reply w/Quote
No problem buddy! I am still in and got a grin! We will make it.

quote:
Originally posted by denzen:
Just got back from other biz.
I've felt terrible for encouraging Randy to stay in. Even though I still like this near and long term, I've learned not to be so direct to an individual. Randy, I apologize for giving unsolicited advice.
I'm still in, holding and confident with 2 mil. shares. As soon as i can I will pick up more.

dz


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SummertimeBug
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posted February 19, 2004 14:57     Click Here to See the Profile for SummertimeBug     Edit/Delete Message   Reply w/Quote
I hate those ticks!
It screws up my "low" for the day.

quote:
Originally posted by fastrunner:
Qbid .0002 Is this for real? Aaagh!!!!

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Randy803
Member
posted February 19, 2004 14:57     Click Here to See the Profile for Randy803     Edit/Delete Message   Reply w/Quote
No someone fat fingere a sale and sold 100000 for .0002 I feel for them!

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Doji say what!!
Member
posted February 19, 2004 15:00     Click Here to See the Profile for Doji say what!!     Edit/Delete Message   Reply w/Quote
14:53:42 100000 0.002 + OTCEQ_NBB ?1 (S)

it was a mistake it was a buy not a sell for .0002

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fastrunner
Member
posted February 19, 2004 15:01     Click Here to See the Profile for fastrunner     Edit/Delete Message   Reply w/Quote
Salemm,

Now I sound stupid but where do you get this data? Thanks.

Trini

quote:
Originally posted by salemm:
Composite Indicator
SIGNAL STRENGTH DIRECTION
Trend
Spotter(TM) Hold Steady

Short Term
Indicators
7 Day Average
Directional
Indicator Buy Minimum Weakest

10 - 8 Day
Moving Average
Hilo Channel Buy Minimum Average

20 Day Moving
Average vs Price Hold Steady

20-50 Day MACD
Oscillator Hold Steady

20 Day Bollinger
Bands Hold Bearish

Short Term Indicators Average: 40% - Buy

Medium Term Indicators
40 Day
Commodity
Channel Index Buy Minimum Weakest

50 Day Moving
Average vs Price Hold Steady

20-100 Day
MACD Oscillator Hold Steady

50 Day Parabolic
Time/Price Hold Steady

Medium Term Indicators Average: 25% - Buy

Long Term Indicators
60 Day
Commodity
Channel Index Buy Weak Weakest

100 Day Moving
Average vs Price Hold Steady

50-100 Day
MACD Oscillator Hold Steady

Long Term Indicators Average: 33% - Buy

Overall Average: 32% - Buy

CONCLUSION : BUYYYYYYYYYY !!
salemm.


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salemm
Member
posted February 19, 2004 15:08     Click Here to See the Profile for salemm     Edit/Delete Message   Reply w/Quote
Nah... not stupid at all!
Barchart.com
Stockta.com
etc...
Tons of places where you can get an opinion, charts, etc...
Actually, to be honest, I usually do NOT rely on charts and technical analysis for pennies... just doesn't seem very accurate in my opinion... they're too unstable (the pennies,that is). I just like to see the BUY! or BULLISH! recommendations.
salemm.

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DiQuiRiesco
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posted February 19, 2004 15:23     Click Here to See the Profile for DiQuiRiesco     Edit/Delete Message   Reply w/Quote
Ten year contract with Time Warner is all I need to hear. The predictability of weak handed players is astonishing at time. A PR that says This thing is happening, We have contracts, No we won't be on the air tomorrow it takes time to set it up right and that is what we are doing. Even set up a hotline so Frank can get some work done, and people sell because the PR didn't say what RB pinheads said it would. Note to all "traders", if you are the kind of person who does two under in the left lane sell now this is not your game.

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mullocco
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posted February 19, 2004 15:35     Click Here to See the Profile for mullocco     Edit/Delete Message   Reply w/Quote
same asi think

remember stock in 10 years-grows up get big

thats why it calls now penny

greets from germany

nice day

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Doji say what!!
Member
posted February 19, 2004 15:41     Click Here to See the Profile for Doji say what!!     Edit/Delete Message   Reply w/Quote
i'm german also!!!!!

qbid = power cheddar

WELCOME BRO

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mullocco
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posted February 19, 2004 15:45     Click Here to See the Profile for mullocco     Edit/Delete Message   Reply w/Quote
seems like everyones out now

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2pawn
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posted February 19, 2004 15:47     Click Here to See the Profile for 2pawn     Edit/Delete Message   Reply w/Quote
i think were gonna see it trading side ways for a while until all of a sudden out of no where a leak about how much they bought back and when there going on the air blows up reminds me of ibzt we all new there coming out witha keyboard laser 1 that is and price never changed then all of a sudden rumer its coming out next week made the thing jump from .003 <WHERE I BOUGHT AT>
all the way to .08 <<i sold at .055> so im not selling im gonna hold but i dont think we gopnna see the run we dreaming of for a little while i say before maY 1


U THINK THEY GONNA HAVE A GAMESHOW CALLED BUTTDARTS OR HOW TO GET A MILLIONGAYS

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realityinc21
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posted February 19, 2004 15:49     Click Here to See the Profile for realityinc21     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by mullocco:
same asi think

remember stock in 10 years-grows up get big

thats why it calls now penny

greets from germany

nice day


WELCOME GERMANY- GLAD TO HAVE YOUR IMPUT.

POTENTIAL IS THE KEY. I AM SO SYKED ABOUT THE POTENTIAL. I HAVE OWNED TIME WARNER SINCE IT WAS AOL. I BELIEVE THEY WILL ALSO BACK THIS PROJECT TO HELP THEM GET A SHOE IN TO THE GAY COMMUNITY INVESTMENT PORTFOLIO'S. JMHO

THERE IS SO MUCH MORE TO THIS SITUATION THAN MEETS THE EYE. THIS IS A POLITICAL ISSUE-A FINANCIAL ISSUE-AND A VERY VERY CONTRAVERCIAL ISSUE THAT WILL IMPACT A NEW ERA IN THIS OLD US OF A. IT HAS BEEN IN MOTION FOR A LONG TIME AND WE HAVE THE OPPORTUNITY TO GET IN ON THE GROUND FLOOR. IMHO THIS IS BIGGER THAN WE KNOW.

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DIANA

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buyrsell
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posted February 19, 2004 15:50     Click Here to See the Profile for buyrsell     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by DiQuiRiesco:
Ten year contract with Time Warner is all I need to hear. The predictability of weak handed players is astonishing at time. A PR that says This thing is happening, We have contracts, No we won't be on the air tomorrow it takes time to set it up right and that is what we are doing. Even set up a hotline so Frank can get some work done, and people sell because the PR didn't say what RB pinheads said it would. Note to all "traders", if you are the kind of person who does two under in the left lane sell now this is not your game.


I'm with you Reis. Companies aren't cooked in a microwave like popcorn. I know- My wife owns one! I've also been looking up articles on sub pennies from 2 yrs. back and I have no definate conclusions yet but, looks like at least 20% or so make good in the long run.
I reviewed over 50 old charts just last night.
I have noticed though that the percentage increases after increase after the stocks hit around 1.00

I think Q is a keeper as long as they execute well on their business plan.

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captair
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posted February 19, 2004 15:56     Click Here to See the Profile for captair     Edit/Delete Message   Reply w/Quote
can you buy QBID through scottrade?? tells me to call the broker??

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realityinc21
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posted February 19, 2004 15:58     Click Here to See the Profile for realityinc21     Edit/Delete Message   Reply w/Quote
WE ARE AT STAGE 1. HOW LUCKY CAN WE GET!!

Stage 1 - Accumulation. Stock is quiet, trading sideways and without a lot of volatility. Most everyone ignores the stock because it has no sizzle. Insiders hold large blocks of stock and quietly gear up for the distribution.

Stage 2 - Breakout. Volume jumps up, psychological barriers are broken. Insiders begin to tell their friends of upcoming significant fundamental change. Pros take notice and buy the stock on the coat tails of the well informed. The public ignores it because they have not read about the company in the paper yet. It must be a scam.

Stage 3 - Uptrend. As a larger audience learns of the company and its promise, more buying comes in to the stock and it begins to climb. Pros begin to sell, but slowly. Average investor begins to buy.

Stage 4 - Pullback. The stock has gone up too fast, and some profit taking arrives. The jumpy investor who got the entry timing right but lacks confidence in his or her decision sells the stock with a small profit, and smiles in the mirror. The Pro holds on, Average Investor looks through the newspaper to find justification for ownership of the shares.

Stage 5 - Resumption of the Uptrend. The pull back is short lived, and the stock bounces and continues higher. The wannabe regrets the sell, but provides self counsel on the merit of making a profit, albeit a small one. The Pro might sell a little bit more, but still holds the majority of the original position. The Average Investor is getting excited now, and thinks about what could have been if only he had bought when he first noticed the stock.

Stage 6 - Exhaustion of the Uptrend. The media takes notice, and communicates the company's merits to the masses. The masses buy the stock, and it goes up sharply with strong volume. The Pros sell with enthusiasm. The Average Investor owns it now, and is telling everyone who will listen. The wannabe Pro jumps back on, after all, he was smart enough to buy it when the trend started, so he knows the stock well. Will hope make it go higher?

Stage 7 - Gravity Works. Pro selling begins to weigh on the uptrend, and the stock fails to go higher despite high volumes. The stock starts to go down instead of up, and the Pro is almost sold out. The Average Investor continues to cheer lead, hoping to rally support. The wannabe ignores what the market is telling him, taking a loss is too painful to consider. The company is featured on the cover of a magazine.

Stage 8 - The Second Guess. The stock bounces and starts to go back up. The wannabe Pro averages down while the Average Investor gets back to advising friends of his stock picking acumen. Pros sell their remaining holdings and begin to look for another deal to play, or perhaps start short selling the stock.

Stage 9 - Out of Gas. The bounce is a fake out, and the stock moves lower again. The public own this stock, and they have no more power to buy. The Pro are making money on the short sales now, but are despised by the masses. Calls for short selling to be made illegal are made by the Average Investor, after all, the short sellers are the demons causing the sell off.

Stage 10 - Dead Cat Bounce. The Average Investor and the wannabe Pro have no pain tolerance left, and finally sell for a big loss. The short selling Pros are the only buyers to take the share off their hands, and provide the needed liquidity. The stock bounces, and some short term traders make a quick profit. The Average Investor either swears to never buy a stock again, or tells lively stories over drinks about the one that could have been.

Stage 11 - Post Mortem. Pros have forgot about the stock and are considering carpet samples for their new home in Florida. Average Investor continues to follow the company and buys loads of cheap stock to try and overcome the regrettable loss.

The stock market is mean. You can be a good analyst, but if you can't overcome the psychological traps of trading, you will do what the crowd does. To be successful, you have be one step ahead of the crowd, and trade with unemotional discipline. There are strategies to take advantage of each stage of the market cycle that can be applied just by looking at a stock chart. They just require a bit of knowledge.


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DIANA

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DiQuiRiesco
Member
posted February 19, 2004 15:59     Click Here to See the Profile for DiQuiRiesco     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by captair:
can you buy QBID through scottrade?? tells me to call the broker??

Ummmm, have you tried calling your broker?...just a thought

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