posted
What type of order would I have to do to get the $0.0001 price Jacob. The bid is $0.0001 but the ask is $0.0003. Which will I have to pay for the stock?
Lastly, why do you have the feeling this is going to go up. For the past three years it has never went above $0.80. Why all of a sudden now do you see increase?
posted
Mike, there are alot of other stocks out there where the company is actually making, or going to make money. Take a look around and check the tips from the members that have a track record of giving good, honest tips.
1BigTip, Dardadog, realityinc21 are some examples
To answer your question, you will have to pay the ask price. The bid price is what someone will pay for it, or what you will get if you sell it.
I think it HIGHLY unlikly you (or anyone but an MM) will fill at ".0001". I couldn't even get a small fill at .0002 today! You have to remember, these asks are, for the most part, phony ploys by MMs to psyche weak hands into selling cheap (I've been guilty of it myself in the past -- I say again, the PAST). What the last poster said is true, if the ask is .0003 (or whatever), that's what, in virtue of supply and demand, you'll have to pay to get filled.
As for my feelings on why LSTA will be going up, they are WAY overdue for a PR on their recent projects and aquisitions (see latest PRs alluding to the same) and their 10Q will be out soon (probably mid August). Also, they stated in a mid May PR that there are NO plans for a R/S (which makes even more sense now). The only thing people are getting hung up on right now, is the recent S8 offering. But these were at .0002, and I doubt very strongly management would give themselves and their cohorts this many shares if they didn't KNOW the PPS would be going significantly higher this fall -- if they had nothing in the works to set up a profit through the S8s, why would they bother issuing them in the first place? It would be utterly meaningless and financially detrimental for them to do so. Also, I was informed last week, via their IR firm, Loyola Financial, that they soon plan to address their current unauthorized listing on the Berlin-Bremmer exchange, which has subjected it (and many other OTCs) to heavy naked shorting (if you have level II, you can just FEEL this thing being shorted to death!)
Lastly, it's not as if LSTA has not ever "gone up" in 3 years; there have been some decent profit turning runs in the interim. When you play these (OTC) stocks, you really can't, save on the rarest of occasions, bet on any "long term" appreciation. You have to play them for what they're worth at any given time -- usually a matter of days, weeks or months, not years. Right now, LSTA is trading at their ALL TIME lows (again, mostly because of the "S8 hysteria" and naked shorting). If you can get in at .0002, consider yourself fortunate, IMHO, because with next to no one filling at .0001 and with, again, NO reverse split coming, you can hardly go wrong. This should at least be a great swing play that should pay off by late August/ealy September.
GL!
quote:Originally posted by MikeHouston: What type of order would I have to do to get the $0.0001 price Jacob. The bid is $0.0001 but the ask is $0.0003. Which will I have to pay for the stock?
Lastly, why do you have the feeling this is going to go up. For the past three years it has never went above $0.80. Why all of a sudden now do you see increase?
How many shares do you have or are planning to purchase. Furthermore, where do you think (hearsay) their stock will be at in late August early September.
I really can't say exactly, nor can anyone, what the PPS will be on any given day or month in the future (anything can happen, good or bad, before then), but I would say at least north of .0005 -- a 150% gain if you manage to squeeze in at .0002. Right now, I'm in almost 13 Mil shares at .0002 and am trying to get 15 total, but seems like it's taking me forever (well, 1 week and 3 fills so far... at least I'm making E-trade a profit *LOL*) Again, you might try throughing a little up there for .0002 and see what happens, and keep your eyes out for news this or next week; LSTA has been unusually silent of late. The calm before the storm...?
GL and good night!
quote:Originally posted by MikeHouston: Thanks Jacobi for the information,
How many shares do you have or are planning to purchase. Furthermore, where do you think (hearsay) their stock will be at in late August early September.
posted
What do you guys think about it now, the ask is .0002, anyone gonna grab it at this price or just waiting for it to fall to the bottom?
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Jacobi
unregistered
posted
vijay12,
The ASK is a bit phony, missleading, has been for weeks now. My order for .0002 (2 Mil. shares) has only partially filled (yet again). I've been trying to scoop 15 Mil. for over a week now. If the ASK was really legit, I would have been all set by now. Not many selling here. Remember, LSTA is way overdue for news, etc... I think many are holding out for a pop to .0005 or better. Let's hope it comes soon!
GL!
quote:Originally posted by vijay12: What do you guys think about it now, the ask is .0002, anyone gonna grab it at this price or just waiting for it to fall to the bottom?
posted
Thats weird because my order for 2M just filled within 2 minutes of sending it....
quote:Originally posted by Jacobi: vijay12,
The ASK is a bit phony, missleading, has been for weeks now. My order for .0002 (2 Mil. shares) has only partially filled (yet again). I've been trying to scoop 15 Mil. for over a week now. If the ASK was really legit, I would have been all set by now. Not many selling here. Remember, LSTA is way overdue for news, etc... I think many are holding out for a pop to .0005 or better. Let's hope it comes soon!
posted
Good advice, kissthering. However, as said above, they've already stated that they have NO PLANS for a R/S (if you call their IR firm, Loyola Financial, they will reiterate this status -- though it would be nice for LSTA to do this in a PR!) Also, if they did renig on this, they would still need to submit paperwork on it etc., which means we would probably have a heads up on it anyway. At least this has always been my experience. Of course, with no R/S, pretty much the worst thing that could happen from here is that you simply break even. Upside potential here looks good to me at this point in the game...
GL!
quote:Originally posted by kissthering: Hey guys,Im new to this board. Some good tips. BUT, Just a reminder that if you dont know that much about pennies.
You always wanna check the filings. In my experience they love to split these...
They also do not have to vote as of the meeting in late June.
With the S-8s, you know how many shares your dealing w/, but an unannounce split will clean you out.
be careful, its a gamble and should be considered such.(IMHO)
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Also keep in mind... MMs will milk the hell out of this stretch of a lack of news from LSTA. Don't be fooled by THEIR missleading bid/ask -- 9x out of 10 it's meaningless: they want you to sell at a loss so they can buy for a gain (duh!) If you don't want to wait, sell at .0002 (you'll have plenty of buyers here) and just break even... but ya may not be able to get back in there soon.
posted
What is it with this stock? Seriously, I just had an epiphany. I'm thinking about betting the farm with this along with AUML. If I purchased 1,000,000 shares and it alteast goes up to its high of $0.19, it's over. I'm retired.
Are you guys in this for the short term or long haul? What is the rumors going around about this?
I wouldn't bet more than an acre or two on this one (some would say the outhouse, but I'd give it more credit than that *LOL*). That "high" of .19 was just a bad trade -- someone with fat fingers probably meant to put an order in at .019. And apart from a R/S, I doubt very highly it'll ever see anything close to this again. But that's not what it's for. Look, if you buy in at .0002 (again, getting fully filled at .0001 on almost ANY stock is a crap shoot) and it goes to .0005, you can sell at .0004: a 200% gain, and that's nothing to sneaze at! Personally, I think LSTA will be pumping this big time and soon (perhaps to the tune of .001), so they can maximize a profit on all the recent S8 issues. News will be out soon (perhaps with a PR reiterating there'll be no R/S); earnings will be out soon; this can't go any lower from here; and out of all stocks trading at these levels, LSTA is probably, at least short term, the best bet to make a quick and decent buck. If you do get in, just be sure to take some, if not all, of your money off the table -- don't hang around for the ineluctable round trip back to .0001...
quote:Originally posted by MikeHouston: What is it with this stock? Seriously, I just had an epiphany. I'm thinking about betting the farm with this along with AUML. If I purchased 1,000,000 shares and it alteast goes up to its high of $0.19, it's over. I'm retired.
Are you guys in this for the short term or long haul? What is the rumors going around about this?
quote:Originally posted by Jacobi: Record volume comin' atcha! ...Anyone scoop any for .0001???
The bid is at $0.0002 so I don't think no one can get in at $0.0001, right? Anyhow, can you explain to me the purpose of volume. I see LSTA had a lot of volume but is that the number of transactions or something else. Lastly Jacobi, I have been seriously thinking about putting $1000 worth on this stock, mind you this is alot of money for me. My thinking is that if it goes up to $0.0004 then I would have doubled my money and I would be satisfied but what do you think the odds are that it will rise to $0.0004?
Sorry to be a pest, Mike
[This message has been edited by MikeHouston (edited August 05, 2004).]
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I bought 6 mil at 0.0002 this morning, and after that i saw over 400 mil trades at 0.0001. Now they stopped throwing the shares away. What is going on? Can it go up?
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Jacobi
unregistered
posted
The thing to do here, Mike, is buy in at .0002 (you can try. for 0001, but good luck there), sell at .0003 or higher, then do it all over again. Again, there'll be no reverse split anytime soon, at least not till all these new shares are maxed out, so your risk/reward ratio is pretty good, especially since news/their 10Q will be out soon... And, yes, the volume records the number of shares traded.
GL!
quote:Originally posted by MikeHouston: The bid is at $0.0002 so I don't think no one can get in at $0.0001, right? Anyhow, can you explain to me the purpose of volume. I see LSTA had a lot of volume but is that the number of transactions or something else. Lastly Jacobi, I have been seriously thinking about putting $1000 worth on this stock. My thinking is that if it goes up to $0.0004 then I would have doubled my money and I would be satisfied but what do you think the odds are that it will rise to $0.0004?
Who do you think has sold that much shares over 400 millions, worthy for $400K? I wonder who in the world has such many shares. Anybody knows how big is the outstanding shares?
This was most likely either the recent S8 shares that were offered at .0002 going through, or a bunch of panic sellers who can't see 2 weeks in front of themselves. Either way, if you're lucky enough to get in at .0001 (or .0002 for that matter), you're golden...
GL!
quote:Originally posted by phil: Jacobi,
Who do you think has sold that much shares over 400 millions, worthy for $400K? I wonder who in the world has such many shares. Anybody knows how big is the outstanding shares?
posted
Methinks this one will regain its upward momentum. The company did share some positive news albeit mixed in with some bad. But 2 positives - 1 negative means the positive wins
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