quote:Originally posted by Tradintexas: i almost sold half and wish i had . i need to learn to follow my instincts instead of second guessing myself. i would be much better off finicially!
Rule#1, protect your capital, if you are up on a stock and are questioning selling, do it. At least then you have your cash (which is a position, too) and you can go to the next play. There is ALWAYS another play. And yeah, sometimes you miss the big play, but profit is profit...
Or, do what some do, and sell some of your position to ride the remaining shares free.
Hindsight trading is almost impossible to shake, but I would rather be thinking of the money I could have made, rather than the money that I could have saved...
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posted
this is going to run hard soon, the closer we get to the end of october the higher we go, can easily cross .50+ again, and if the buyback is substantial a dollar+ is in play also
bottom fishing now, Not for Much Longer
****if i controlled a company and was buying back shares, they'd be cheap , like they are now(YOU GET IT !!!)
posted
This was a buy order today...WOW 10/03/06 14:42:09 0.0747 0.074 0.075 782000 that equals to $58,415.00 , sure doesn't look like an allstock or ihub investor
also there is rumour yet to be confirmed they have settled a huge lawsuit in their favor and will have check in hand very soon..we'll see on this, either way this is going back up soon
posted
yep sure is.. .news today just another step forward. ive flipped this twice so far. got 11,000 freebies:) looking for more, especially by november when the details are known and new share count, this should move nice GL
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Cal-Bay International Orders NOBO & DTC Lists to Determine Actual Share Ownership of Freely Tradeable Shares Wednesday October 4, 11:11 am ET
CARLSBAD, Calif.--(BUSINESS WIRE)--Cal-Bay International, Inc. (OTCBB:CBAY - News) announces the company today ordered a Non-Objecting Beneficial Ownership (NOBO) list from Automatic Data Processing (ADP) and the DTC Lists from Depository Trust Corp. ADVERTISEMENT
Cal-Bay CEO Roger Pawson commented the list will disclose the recorded shares held by shareholders and will be compared to the company's DTC trading list, which discloses the number of shares held by the clearing houses for the same period. Cal-Bay's management believes there is a significant short position in the freely tradable stock and the side by side comparison of the NOBO and DTC list should disclose any discrepancy.
Pawson further commented that any discrepancy revealing a short position in the company's stock will result in a mandatory cert exchange program to force the short position holders to cover the negative balance.
FORWARD LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties.
The Company assumes no obligation to update any of the forward-looking statements in this release.
Contact: Cal-Bay International, Inc. Tim Garlin, (760) 930-0100 Fax: (760) 930-0200 IR*calbayinternational.com www.calbayinternational.com
-------------------------------------------------------------------------------- Source: Cal-Bay International, Inc.
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posted
Rumor on other BB about big buy back starting tomorrow with love money ( family, friends...) target til in end of nov. to bring pps between 2 months .50-.57. Info to be taken carefully...
yes ( in theory) if no games or deceit is being played
BUT...this stock should go up ANYWAY even without a buyback, simply undervalued....and has been shorted
low o/s ( though disputed on the # of shares), still very low compared to most penny stocks
and this is a company with a tangible product (real estate) that can be more easily verified by accessing public records for their transactions and holdings...harder to play games with the numbers
anyhow this should correct very soon, and with momentum we know what it can do ( just look at the 6 month chart), when it goes, it REALLY goes !!
posted
Ohio you are right..CBAY is very undervalued cos of NSS (a fact), some people estimated the pps around .60 - this is very conservative to me - Today should be a BIG day for CBAY if the rumor is true...Alot of buying will occur and NOBO list comparaison with DTC lists should give us some light on how short this stock is NSS
Posted by: Belinda Bicciano Jr In reply to: None Date:10/5/2006 3:00:16 AM Post #of 1016
"BuyBack" Stategy.
Since I saw many posts containing only partial information about the "buy back" process, and since I wanted myself to know exactly how it happens, here it is...
"any discrepancy revealing a short position in the company's stock will result in a mandatory cert exchange program to force the short position holders to cover the negative balance"
Well, actually, with NOBO & DTC lists comparison it is possible to know who has shorted "ghost shares" (naked short selling), even if that person, group, organization has covered or not. Traces are available to investigators. Rules that can be forcely imposed to naked shorters, since 1st of January 2006 (SEC):
- the identified naked-short-seller trading account is freezed till conclusion - in case of he has not covered, negative balance is automatically covered at market price, taking any other assets on the trading account, and if not enough, covering procedure is launched against any of his personal goods... - covered or not covered, if he made a loss on the operation, he assumes it - covered or not covered, if he made a profit on the operation, the exact amount of that profit is transferred to the shorted Company, taking any other assets on the trading account if necessary, ... The Company will exclusively use that money afterwards to help the SP going back to the previous levels. - all shorters have to pay a fine, a fix + a proportional, fine that is used to pay the all process (Regulation authorities, ...) - the eventual excedent is for the Company, but exclusively used for same purposes (help the SP...)
Knowing those rules, the "buy back" strategy becomes more evident:
- the "buy back" first phase, before mandatory cert exchange, mainly consists in sitting at a certain ask (mobile fork [0.091;0.094] e.g.) in the way to get a maximum of cheap shares (will be cancelled afterwards for those bought by the Company as announced) (which consist in an incredibly good investment for private capital, specially in that first phase) The other goal of this is to ensure the SP to not go further down than the decided level. The mobile fork can move up or down, depending on normal market conditions.
- at the time the cert exchange program is effectively starting (means all naked shorters identified & concerned trading accounts freezed and under control), the "buy back" mobile fork will suddenly move up, since the threat of further artificial down-pressure is of the past, bringing the SP to a higher level, buy the way making the covering expensive to the (rare) not-yet-covered shorters...
- at the time of the conclusion, shorters'profits & fines money are available for the final phase, that one is very easy, it consists for the Company in spending the shorters money, the goal is to bring the SP back where it was before the attack. To do this, it usually happens that shares are bought by blocks by level steps increased of x% each time, and sold afterwards at x% under the current SP. That way the "artificial money" from shorters that came from "artificial shares" is fully spent in the market momentum. example: buy 250000 shares at 0.15 then sell some at 0.14 and some at 0.145, then buy other shares at 0.165, then sell it at 0.155 & 0.15, and so on, creating an ascending bullish pattern, ensuring shares to be bought by private investors, and finally bringing the SP back to where it was (actually I think that was about 0.21 before the attack started)
Now, if after that, a PR comes out to say that 13750000-US$ settlement arrived in the bank, I will for sure enjoy the end of the year...
posted
I have me sell at .56 even though I suspect that it will run much higher. Then drop yet again and I'll be prepared to pick up any shares below mid .20's
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i bought some more just now. this baby is primed to BOOM soon and we had a nice taste of that yesterday for sure! expect more updates and news and (i am constantly talking to Tim from IR through email, i recommend anyone here to do the same) this stock will easily go through .20 again.
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Cal-Bay Acquires New Luxury Homes Portfolio for $4M in Las Vegas, Nevada Tuesday October 10, 10:28 am ET
CARLSBAD, Calif.--(BUSINESS WIRE)--Cal-Bay International, Inc. (OTCBB:CBAY - News) announces the purchase of 7 newly built luxury homes in Las Vegas, Nevada. ADVERTISEMENT
Cal-Bay's Board of Directors today announced the company purchased the 7 newly completed luxury homes in South Las Vegas, adjacent to the luxurious Henderson suburbs. The portfolio comprises of 7 new luxury single family homes ranging from 2500-2800 square feet in size and valued at $550-$600,000 each.
This acquisition will add $4M package to Cal-Bay's rapidly growing Las Vegas property portfolio, and will additionally generate in the region of $240,000 per year in rental revenues.
The close of escrow is scheduled for Friday, October 13, 2006 in Las Vegas, Nevada.
Cal-Bay is currently in negotiations for several other Residential and Commercial development properties in the Las Vegas area.
FORWARD LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties.
The Company assumes no obligation to update any of the forward-looking statements in this release.
Contact: Cal-Bay International, Inc. Tim Garlin, (760) 930-0100 Fax: (760) 930-0200 IR*calbayinternational.com www.calbayinternational.com
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Short Term Indicators 7 Day Average Directional Indicator Buy 10 - 8 Day Moving Average Hilo Channel Buy 20 Day Moving Average vs Price Sell 20 - 50 Day MACD Oscillator Sell 20 Day Bollinger Bands Hold
Short Term Indicators Average: - Hold 20-Day Average Volume - 2489105
Medium Term Indicators 40 Day Commodity Channel Index Hold 50 Day Moving Average vs Price Sell 20 - 100 Day MACD Oscillator Sell 50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 25% - Sell 50-Day Average Volume - 1209548
Long Term Indicators 60 Day Commodity Channel Index Hold 100 Day Moving Average vs Price Sell 50 - 100 Day MACD Oscillator Sell
Long Term Indicators Average: 67% - Sell 100-Day Average Volume - 992175
posted
Tim told me the O/s has increased. so you know calbay was dilluting even after they announced the buyback. He assured me the buyback will happen, so im guessing these shares must ahve been sold to acquire the new properties announced today. Not a great thing, but the O/S is 56 Million which is still crazy low... and if they are giong to buyback I'd imagine they are going to do it when the price drops again... so that may tell us somehting. guess i shouldn't have bought more yet:)
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posted
The RB post worth reading -> thanks to buyatbid for reminding me to check rb on occasion and this mac guy's post is one worth reading.
By: macshane0 11 Oct 2006, 11:06 AM EDT Msg. 619 of 621 (This msg. is a reply to 616 by laidbackmac2k2.) Jump to msg. #
I have people in the industry. One contact has someone who is working inside CBAY. I never go into any penny blind. No one EVER should
Im quite impressed at the amount of DD here.
Ima's right, original target is/was AMEX. Word has it they would be better off long to go nasty. Of course thats a great assumption.
Ima- Im with you , luxury at $550k? Now, you need over a $1MM to be luxury in So. cal , So. Nev. But I dont think they intend to be misleading. People in other parts of the country see $350k+ as luxury.
Most of the shares have all been coming from before mentioned free shares being freed up (after 12 month restriction). They are giving shares for property, but only to the brokers, and in much smaller amounts. As for the volume, heres how it works typically with a hostile large share holder (that they have). They know they cant just dump 5MM shares (with this low volume)and expect to get anything for them. So they'll sell 100K, then jump on the buy side for 50K and repeat. This takes weeks, but the semi support it while dumping. Add this to the huge increase in the float and the fact that the hostile share holders will also short the position, and you can actually easily have volume over the current float (because the same shares are being swapped several times). Granted, the overhang is probably higher than any shareholder wants, but my understanding is Pawson KNOWS he is better off protecting the stock.
As for a RS, Pawson knows lightning doesnt strike 2 times very often. The only reason for the first was that CBAY had taken over the shell and needed to get control back of the shares to clean it up. I HIGHLY doubt a repeat. a FS is far more likely down the road.
As for getting in at .05. Word has it, that they know they MUST keep it above .05. It breaks .02 again and we start over, and it may not ever recover. To many MM's ready to pounce. Im with you, if the hostile shares are still out there, then a return to below .10 is a very big possibility. The Underwriter helping with the buy back has already picked up a substantial position from what I hear.
Remember this: The shares that are shown to be "retired" at the end of the month will NOT represent all the shares picked up. In fact Im guessing they will retire less than 10%. The rest will go to the underwriter to wholesale out. The good news is they will be reissued using FT system, they will create a market for them, and CBAY will have control to insure none fall to hostile hands.
Final possibility that is very likely- If they pick up enough shares, there may A)be a buyout (I hear one of the major controllers actually is shopping this option! My guess it would have to be $1 plus) or B)have enough control to move to another market.
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