posted
is only natural have to take your profits good run for those that was in it
I had HANS when it was 90 it more than double to 200 then everybody took their profit and it took it down to 145 so my point is this happens with any type of stock big cap, pink ect....
-------------------- a huge fortune will arrive to you once again! Posts: 657 | From: brooklyn | Registered: Jun 2006
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quote:Originally posted by RagingBull: is only natural have to take your profits good run for those that was in it
I had HANS when it was 90 it more than double to 200 then everybody took their profit and it took it down to 145 so my point is this happens with any type of stock big cap, pink ect....
Agreed.. PEIX is best example.. look at the way it vascillates every day.. one day red and one day green.. and its not like 2-3%.. its like 6-8%.. similar to many pinks!!!
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations. Posts: 961 | Registered: May 2006
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posted
i laugh at purl gurl when i think of this stock, even though i dont read the thread lmao
Posts: 2329 | From: MD | Registered: Jul 2005
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posted
Purl Girl I cry when I see how much money you just cost me. I was in at 2.35 and because of your opinion got out at 3.50.....never will I believe you again. This is so sad.
Posts: 6 | From: Texas | Registered: Jun 2006
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quote:Originally posted by someonesprincess: Purl Girl I cry when I see how much money you just cost me. I was in at 2.35 and because of your opinion got out at 3.50.....never will I believe you again. This is so sad.
lol, if you buy OR sell based on others' posts--especially any one person--you're not ready to trade...
what did your own interpretation of charts indicate when you sold?
posted
I'm just sayin' what I've heard.. I in no way have knowledge of said bulbous tush, nor would I ever call it that if indeed it were so.. which I highly doubt. away with you weapons, I mean you no harm
-------------------- Spend word for word with me and I shall make your wit bankrupt Posts: 977 | Registered: Jun 2006
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posted
Tex you're right I shouldn't have listened to one person...my fault. New at trading in fact GHL was my first pick. Liked what I read, liked the product then some pro's suggested I view the message boards and learn more. I guess I wasn't prepared for the bashers but then I don't have big hips, big thighs and couldn't smash a walnut with my whatevers and don't know everything about everything. Let's hope it goes to 15.
Posts: 6 | From: Texas | Registered: Jun 2006
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posted
yesterday morning it appeared as if the mm's were only processing the sell orders and rapidly racheting down the pps so that they could cover their shorts and then slowly processed the buy orders to allow the pps to rise after they were covered. woe to those who got caught in the middle of this as they got pounded. the material below was taken from another site and may give an insite on how the mm's operate:
I was an OTC MM for about 10 years ending in the late 80's. Since then I have been strictly an investor. Since I have not been that up to date in MM rules I will only make statements that I feel fairly confident are still accurate regarding these activities. By and large most MM don't have a clue nor do they care to learn, about the fundamentals of the stocks they trade.
They just try to make orderly markets. When dealing with BB stocks it is very easy for a MM to get trapped into being short in dealing in a fast moving market. Reason being; most of the MM's in this stock are what are called "wholesalers" this means they don't have retail brokers "working" the stocks.
So they have to rely on what's known as the "call" from larger retail houses. If a "Big" retail firm like an E-trade calls up a market maker to purchase say 5,000 shares of a stock, they expect to get an "execution" from that market maker. If he turns them down, or only gives a partial then the "Big" firm will go to another MM.
If this second MM "fills the order" then that "Big" firm has a moral obligation to continue to give future "business" in that stock to that MM who performed (his life blood). This will go on until he "fails" to perform and so on.
Contrary to popular opinion the "Big" firms Do NOT neccessarily go to the "Low Offer" to fill a buy order (Or high bid for a sell). They "Go" to who they think will perform to fill the order and expect that MM to "match" the "low offer" in the case of a buy (bid in the case of a sell). Even though this MM might in fact be the "high bid" and not really want to sell any more.
As a wholesaler he must perform or he will get a reputation as a "non-performer" with the "Big" houses and will cease getting "calls" which means he will soon go out of business. I mentioned above that this activity is very significant to BB stocks. I say this because most of the trades in these BB stocks are "unsolicited" and are done through discount houses.
With the above groundwork laid, let me try to explain how market makers get short even if they like the Company; Lets say that a stock (shell) has been lying quietly at $.25 bid $.50 offered. A limit order comes into one of the MM's to Buy at $.50 for a thousand shares. Prior to this trade that MM may be "flat" (neither long or short any shares). He fills the order and is now short 1,000 shares. He may raise his bid hoping to find a seller to "flatten" out his position. But before he realizes it a wave of buyers have come in and cleared out all the $.50 offers. Now the stock is $.50 bid .75 offered. Here comes that "Big" firm he just sold the 1,000 shares to at .50 with another bid for 1000 at .75. He makes this print. Now he is short 2,000 at an average of .625. The market keeps moving and now its .75 bid 1.00 offered. Now he has to make a decision.
Just like investors, MM Hate to take a loss. So 9 times out of 10 he will now sell 2000 at 1.00 making him short 4000 but with an average .81. At this time he would love to see a seller at .75 so he can cover his short and make a few bucks.
But instead the market keeps moving up. Now it is 1.00 to 1.25 and here comes the buyer again at 1.25. He doesn't want to lose the call so now he needs to sell 4,000 at 1.25 to keep his break even point above the bid. Now he is short 8,000. Market moves up to 1.25 bid 1.50 offer here comes the buyer now he feels he must sell 8000 here because "stocks don't go up forever".
Now he is short 16,000. And so on and so on. If the stock keeps moving up, before he realizes it he could be short 50k or 100k shares (depending how big his bank is). _________________________
Finally the market closes for the day and on paper he may look all right in that his "break even" price may be around the closing price. But now he has to figure out how to entice sellers so he can cover this short. It is important to note that if this happened to one MM it has probably happened to most all of them.
Some ways MM's entice sellers; Run the stock up with a "tight spread" in a fast market, then "open" up the spread to slow down the buying interest. After it has "cooled off" for a little while lower the offer below the last trade right after a small piece trades on the offer then tighten the spread so that the sellers feel they can take a "quick profit" by "hitting the bid" on the tight spread.
Once the selling starts the MM's will walk it down quickly by only making small prints on the way down with the tight spread. Another way is by running the stock up in the morning, averaging up their short then use the above technique to walk it down in the afternoon.
Hopefully after doing this for several days, it will demoralize the buyers. The volume will dry up and the sellers will materialize thinking that the game is over.
Contrary to popular opinion, MM usually Do Not Cover in Fast moving markets either Up or Down if they are short. They Short More. They usually try to cover after the frenzy is out of the market. There are many other techniques they use but the above are the most popular.
This technique works about 9 times out of 10 particularly in a BB market. However that is because 9 out of 10 BB stocks are BS. Remember what I said above. Most MM's don't have a clue as to the value of a Company until they get trapped. If the Company has solid fundementals and a bright future. Then the stock will do very well. And the activity that caused the situation will prove to even help the future stock activity because it created an audience."
-------------------- I'm from Missouri - Show Me! Posts: 950 | From: Middle of Nowhere, Missouri | Registered: May 2006
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posted
this is one of the best trading stocks of all time==do not buy high or sell low==there is not enough dillution yet, but there will be eventually==so take advantage now and do not make any losing trades--you must keep an eye out all day though in order for this to work==quit your day jobs
Posts: 224 | From: mass | Registered: May 2005
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posted
A three dollar per share loss in a single day is a rather painful whack.
Once again, thousands of people lost a cumulative millions of dollars.
Warnings about this scam are everywhere, not just here at Allstocks.
What has happened, what is happening, provides readers a notion of how much people participating in this thread, the pumpers and braggarts, care about readers; zero.
posted
LOL PG, I love how you show your face after a meteoric move to try and say "I told you so"...this stock was noted in the 2.20's and went up to over 9 bux. If a person cannot find a way to make a profit in a move like that they should not be in the stock market. We are not here to marry companies, heck I am not even here to "invest", I am here to make a profit and this was a very profitable stock. For some reason I just know you will love this quote and jump all over me for it "It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another." It proves your point to an extent but its the reality of this penny world. GLTU in your "investments"
Posts: 34 | Registered: Sep 2005
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posted
I did not mean to imply I daytrade, glass. More swing plays I guess. My main point is someone brought this to the board at 2.20 or so, and many people SHOULD have made a good profit. The penny market is not a market of fundamentals, its a market of momentum and feeling guilty about making a profit is bunk.
Posts: 34 | Registered: Sep 2005
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quote:Originally posted by glassman: mako....not everyone that comes to allstocks is a daytrader...
wonder how many days you hold a penny stock glass.. for me..if it goes above 20-30% of my buying price.. its off my cards... is that what you mean by daytrading? i did not get into GHLT but regret that i did not, and make that % profit on my income. good call to the person who made it!
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations. Posts: 961 | Registered: May 2006
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