posted
Okay, here is where the rubber meets the road and I need to act and do what I said I am going to do.
Bought FHAL a few days ago at .265, currently it is at .41.
This is where I should take the profit, be happy and not look back. But this is where I always get into trouble, wanting more. And with all this talk of it being in a similar position as NDOL when it made its run, I'm being so tempted to hold it.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss
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posted
"Bought FHAL a few days ago at .265, currently it is at .41"
Sell this stock, Jo, sell right now.
Does not matter if FHAL continues to move on up. Lock in your profits, then decide if you want to buy back in. Get your profits out of there, sit back a day or two and watch.
Risks are very high, this is a pump and dump, take your profits, now.
Protect your capital, first. You can always cuss me out later, but you will have your money.
posted
I WANT TO FOLLOW WITH JO4321 IF IT IS OK. I HAVE 2 STOCKS.
XECHEM AND PILGRAM PETROLEUM
BOTH BOUGHT LAST WEEK. BOTH WENT RIGHT UP.
PILGRAM STARTED COMING DOWN YESTERDAY, XECHEM STARTED COMING DOWN TODAY. I HAVE $10,000 I WAS GIVEN TO INVEST. I PUT $1000 IN EACH OF THESE. I HAVE NEVER DONE THIS BEFORE. I NEED LOTS OF HELP. NEVER ****GED OR CHATTED BEFORE. SO I AM NEW. CAN I FOLLOW ALONG HERE TOO.
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LOOK AT THIS. THE CHART JUST GOES UP AND UP. BUT IF YOU READ THIS NEWS FROM AMERITRADE THE COMAPNY CHANGED FROM MINING TO USED CARS? AND THEY HAVE A LOT OF DEBT, AND NO PROFIT. IT MAKES NO SENSE TO ME WHY. PLEASE EXPLAIN TO ME.
10-Q: MANCHESTER INC
By Edgar Online - (EDG = 10Q, 10K) Last Update: 7/17/2006 4:23:42 PM Data provided by
(EDGAR Online via COMTEX) -- ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND RESULTS OF OPERATIONS
FORWARD LOOKING STATEMENTS
The following discussion of the financial condition and plan of operations of Manchester Inc. (referred to herein as the "Company," and "we") should be read in conjunction with the financial statements and the related notes thereto included elsewhere in this quarterly report for the period ended May 31, 2006 (this "Report"). This Report contains certain forward-looking statements and the Company's future operating results could differ materially from those discussed herein. Certain statements contained in this Report, including, without limitation, statements containing the words "believes", "anticipates," "expects" and the like, constitute "forward-looking statements" within the meaning of
PLAN OF OPERATION
The Company commenced operations as an exploration stage company. The Company ceased pursuing opportunities in that field upon the lapse of certain mineral rights options in October 2004.
The Company then changed its business plan. The Company intends to acquire and operate "Buy-Here Pay-Here" automobile dealership businesses. The Company currently is in negotiations to acquire an entity or entities in that field of operations.
In the event of an acquisition by the Company, the Company will require additional funding to cover the acquisition costs.
LIQUIDITY
At May 31, 2006, the Company had cash of $115,796.
CAPITAL RESOURCES
At May 31, 2006, we had total liabilities of $1,006,675, of which $890,664 were notes payable. The Company is currently negotiating third-party financing for purposes of both expanding its business and re-paying these liabilities.
RESULTS OF OPERATIONS FOR THE THREE MONTHS ENDED MAY 31, 2006
We did not earn any revenues during the three-month period ending May 31, 2006. We incurred net operating losses in the amount of $310,451 for the three-month period ended May 31, 2006, as compared to $25,564 of net operating losses for the comparable period of the last fiscal year. The increase in net losses in the amount of $284,887 resulted primarily from increases in compensation and benefits, professional fees and consulting fees. The compensation and benefits were incurred as the Company secured professional management personnel during the three months ended May 31, 2006 to prepare the Company for the planned acquisitions of the "Buy-Here, Pay-Here" automobile dealership business.
Our operating expenses were comprised of compensation and benefits of $254,689, professional fees of $30,582, interest on notes payable of $5,532, rent of $5,352, consulting fees of $4,275, and total other expenses of $10,029. The compensation and benefits amount includes $117,400 attributed to the average fair value of the stock options granted.
At May 31, 2006, we had total assets of $600,340, consisting of a refundable deposit of $250,000, deferred acquisition costs of $206,927, cash of $115,796, office equipment net of accumulated depreciation of $13,093, prepaid expenses of $11,500, and other current assets of $3,024. At the same date, our total liabilities were $1,006,675 of which $890,664 were notes payable.
The Company paid a $250,000 refundable deposit (the "Deposit") to Surge Capital ("Surge") for the purpose of assuring coverage of future fees, costs, expenses and disbursements expected to be incurred by Surge in connection with Surge's consideration of providing the Company with a senior secured revolving financing facility ("Due Diligence Expenses"). The Company may pay such Due Diligence Expenses directly or Surge will withdraw amounts from the Deposit to cover the Due Diligence Expenses as such expenses are incurred. In the event Surge does not enter into a financing facility with the Company for any reason, Surge shall return the balance of any unused amounts from the Deposit to the Company. The Company believes that it will close the senior secured revolving financing facility with Surge very shortly, however, there can be no assurance of closing until the completion of due diligence by Surge and execution of definitive documentation by the Company and Surge. The senior secured revolving financing facility would permit the Company to activate its business plan to acquire and operate "Buy-Here Pay-Here" automobile dealership businesses.
Note: As of May 31, 2006, the Company had eight notes outstanding to Brazos Equities LLC in the amounts of $19,000, $40,000, $290,000, $50,000, $100,000, $100,000, $150,000 and $50,000. Brazos Equities LLC is not a related party to the Company. With accrued interest, the total amount owed by the Company to Brazos Equities LLC was $805,520. These notes are unsecured, bear interest at 6% and are payable on demand.
This stock might continue on up. Again, this does not matter, you have your money in your pocketbook where your money belongs.
Now you can relax, no stress, you will think more clearly. This will help you to decide if you should buy back in, later.
My suggestion is you stay out of this stock for at least two days. Risks are too high.
Risk assessment is very critical. Yes, there is potential to make more profits, doubtful for this stock, but risks are a greater factor than are profit potential.
This returns to my suggestion traders make a lot of small profits, frequently, rather than try to make huge profits, infrequently.
In the long run, small profit takers make a lot more money than big profit takers.
Might be others will make fun of you, might label me an idiot, for selling too soon, but in the long run, you will make more money than those who ridicule us.
It kind of sucks when you watch it go up, but I don't care. Cause no matter how high it goes, there is no guarantee that I would actually sell it there. As when NDOL went up to $1.30, I did not sell it, and now I have NDOL at .27!
Smiles, Jo
-------------------- "Great Day for Up!"....Dr. Seuss
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quote:Originally posted by LisaPizza: YES JO4321. BOTH
PILGRAM IS .08 NOW I BOUGHT AT .055
XECHEM IS .043 NOW I BOUGHT AT .034
lisa.. IMO time to move out of xkem for a day or two and get back into it around 0.035-0.038 area if it gets there.
regarding pgpm.. doesnt matter... good idea would be to get out.. POS stock.. i know because i was in it twice..bought it at 0.05 and sold it at 0.22.. bought it back at 0.13 after all hype.. sold it at 0.14 and never touched it again since it was very high risk!
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations.
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Only you can decide, however, if you've got a 45% profit on PGPM, I'd be inclined to take it. You know yourself, that it can go much lower (since you purchased it at .055) I guess it would also depend on how much you've got in there, so that your commission doesn't eat up any profits.
I'm stuck in PGPM after having bought on some hype when it was at .16!
Jo
-------------------- "Great Day for Up!"....Dr. Seuss
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posted
Just my opinion and it's posted before open this morning in the xkem thread, I analyzed xkem doing a bearish triangle, and I doubt it will hit .o5 again until the pr comes out that actually means something. My guess is in a week or sooner this should break through the .03 resistance. I would not buy into such a high risk because I can not shift in and out quickly enough on a small run, especially when something is down trending.
spell checked lol
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?
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quote:Originally posted by Purl Gurl: TEN - as you know SUWN continues to crash.
I still have not found a reason for this. No news, no filings, nothing out there to explain this price crash.
You having any luck figuring out what is happening?
Purl Gurl
PG go to SEC filing 424 dates 11-19.... PROSPECTUS
SUNWIN INTERNATIONAL NEUTRACEUTICALS, INC.
29,280,004 shares of common stock
This prospectus covers the resale of a total of 29,280,004 shares being offered by selling security holders. Of the shares covered by this prospectus, 13,780,004 shares have been issued and 15,500,000 shares are issuable upon exercise of warrants with exercise prices ranging from $0.15 to $0.167 per share.
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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posted
Jo, this is how to know when to hold 'em and when to fold 'em.
Fundamentals.
This company we write about FHAL is bankrupt. No revenues, no money, nothing there.
Only pumped up speculation is driving prices up, and prices will crash. There is no foundation to support current prices. Current prices are false facade; pure speculation bubble.
Extreme risks indicate, fold 'em.
ALMI, many of us bought this one back at .12 per share. We are holding for two years now. Current price is about 1.90 per share. ALMI has healthy financials and revenues. Not quite profitable yet but almost there. This company has substance, they have products, they have revenue, they have a lot of money. This indicates, hold 'em.
Fundamentals is what determines a hold or a fold.
You are probably cussing me right now, but you have your money, you have an ability to keep playing the game. Right now you should be looking for another fast in and out play. You should not be watching this FHAL stock. Move on, forget about these dreams of what you could have made. Get out there and make some more money. You are wasting your time "wishing you had" whatever. Stop wishing and get busy working on finding more quick profits.
posted
Thanks, Purl, actually I am not cussing you right now.
I understood perfectly what I chose to do. I've been in too many pump & dumps to know what happens.
Like I mentioned just because the stock continues to go up does not mean that I would sell it at that price. To know that would require a crystal ball. My scenario would probably be similar to my plays with three other P&D's I played XKEM, NDOL, STTK
Let's look in on Jo's usual pattern, shall we? Does this scenario sound familiar to anyone else besides me?
ME: Wow, lookee here, I've got 30% profit in this stock !!
P&D thread: This thing is going to the moon!
ME: Wow, now I've got 70% profit!
P&D thread: I think this is going to be a 5 gapper
ME: Wow, a five-gapper, better hold. Now I've got over 100% profit! And there's more to come!
P&D thread: WOOO HOOO! This thing is not going to stop
ME: I'm buying more!
P&D thread: Here's a dip, good buying opportunity
P&D thread: This is just profit takers.
ME: Yeah, just profit taking, I'm going to hold while it goes back up
P&D thread: This should bounce back at these levels. This is definitely the bottom.
ME: Hmmm, now I'm back down to 50% profit, I better sell
ME: Dang, sell orders aren't getting filled, it's tanking faster than I can sell it off
ME: There goes my profit. Wish I would have sold when I had 30%
P&D thread: Silence, no one is posting there anymore.
ME: I hope I make up my losses soon at least enough to break even
This thread was brought to you by STTK, XKEM and NDOL.
-------------------- "Great Day for Up!"....Dr. Seuss
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posted
wow jo, that was me not too long ago! These guys smacked me around a bit and knocked some sense into me. lol couldn't have said it better my self. I still can't spell though... not much paper to write on in the engine rooms lol
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?
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posted
Jo, your article is a good learning lesson for all.
You will do ok. All of us and I do mean all of us have gone through your experiences. Even the best of us still make stupid mistakes.
I learned a long time back to grab the money and run like crazy.
Always carefully weigh risks versus rewards.
Your "crystal ball" reference is perfect. None of us have a crystal ball, none of us know with exacting precision what a stock will do.
This returns to my personal philosophy of earning ten percent profits on a regular basis rather than shooting for the moon then crashing and burning into the sun, which blinds you with wishes.
Only takes _one_ serious loss to wipe you out, to knock you out of the game, completely.
You have your money, you have your small profit, you are still sitting at the poker table and able to make ante.
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... now I should be really pissed.. lol
