The dates were also being discussed on HSM earlier
Originally Posted by Boo Radley Sure.
SEC sued two entities, CSHD and Rufus Paul Harris. CSHD was served on 10/26/06, had until 11/15/06. They did not answer on time, and the SEC moved for Entry of Default on the 16th, it was entered on the 17th.
Mr. Harris was served on 11/4/06, had until 11/24/06. The SEC may give him today because of the holidays, but my "guess" is they won't treat him any differently than the other defendant, and will move for entry of default soon if he doesn't answer.
I don't throw stuff out there. What are you throwing?
-------------------- Got CSHD? Its fun
IP: Logged |
quote:Originally posted by 6digits: Chart I don't know about the merger part, but I know That Rufus was on subpenny a week ago announcing to the world that he is going to pull down funds on a bond as I think he put it. In his words he said it would be a 3-5 day process, but I've heard it said that it takes longer. But whats good for Simon and the public should be good for the shareholders.
posted
Sounds like we're all in at about the same price. I'm in for 500K at .0024, should be a nice opportunity for some beer money if they let her run a little. Are we expecting any news or events this week?
IP: Logged |
quote:Originally posted by Uncle Smelly: Sounds like we're all in at about the same price. I'm in for 500K at .0024, should be a nice opportunity for some beer money if they let her run a little. Are we expecting any news or events this week?
Lol, wrong thread ! But if Rufus doesn't pull this out of the mud soon my post may make sense here, lol.
IP: Logged |
posted
I talked with a trading acquaintance of mine over Thanksgiving. He bought 250K shares of FHAL under .20
He did not sell at .50
He did not sell at $1
He did not sell at $2
He still did not sell at $3
He unbelievably did not sell over $3.50
He held. And then woke up to find the SEC Halt. Now his shares are right back where they started.
Can you all imagine? He could have made close to a million if he had sold. I asked why he didn't and he really believed that Rufus would get this to $15 per share as promised, and that he beleived the company.
Can you imagine going from a paper profit of 950K to a paper LOSS in a few WEEKS ?
That made me feel a little better about losing a few grand here (so far). Wow, and there are many similar stories in this stock. I truly hope that lessons have been learned here.
quote:Originally posted by Uncle Smelly: I talked with a trading acquaintance of mine over Thanksgiving. He bought 250K shares of FHAL under .20
He did not sell at .50
He did not sell at $1
He did not sell at $2
He still did not sell at $3
He unbelievably did not sell over $3.50
He held. And then woke up to find the SEC Halt. Now his shares are right back where they started.
Can you all imagine? He could have made close to a million if he had sold. I asked why he didn't and he really believed that Rufus would get this to $15 per share as promised, and that he beleived the company.
Can you imagine going from a paper profit of 950K to a paper LOSS in a few WEEKS ?
That made me feel a little better about losing a few grand here (so far). Wow, and there are many similar stories in this stock. I truly hope that lessons have been learned here.
That just blew me away !!!
Hindsight is 20/20 and your friend was following HIS investment strategy based on his capital, research and belief in the company. Nothing about that is wrong.
In terms of learning a lesson, I believe you are jumping the gun a bit considering that we have no information indicating that the original potential of CVSU is not still intact. There may be a time in the near future where patient investors are looking at impatient penny flippers wondering how it must feel to have sold out for a loss when the play was still unfolding.
But in the end, to each their own. For me, it is not a loss until I sell and I will not sell until the current events have reached a satisfactory resolution one way or another.
posted
Just came back from the meeting of the "CHSD Basher's Committee." After further review, we all still feel like this stock is, was and always will be a PoS.
-------------------- "Entrepreneurship is the last refuge of the trouble making individual."
quote:Originally posted by Uncle Smelly: I talked with a trading acquaintance of mine over Thanksgiving. He bought 250K shares of FHAL under .20
He did not sell at .50
He did not sell at $1
He did not sell at $2
He still did not sell at $3
He unbelievably did not sell over $3.50
He held. And then woke up to find the SEC Halt. Now his shares are right back where they started.
Can you all imagine? He could have made close to a million if he had sold. I asked why he didn't and he really believed that Rufus would get this to $15 per share as promised, and that he beleived the company.
Can you imagine going from a paper profit of 950K to a paper LOSS in a few WEEKS ?
That made me feel a little better about losing a few grand here (so far). Wow, and there are many similar stories in this stock. I truly hope that lessons have been learned here.
That just blew me away !!!
Hindsight is 20/20 and your friend was following HIS investment strategy based on his capital, research and belief in the company. Nothing about that is wrong.
In terms of learning a lesson, I believe you are jumping the gun a bit considering that we have no information indicating that the original potential of CVSU is not still intact. There may be a time in the near future where patient investors are looking at impatient penny flippers wondering how it must feel to have sold out for a loss when the play was still unfolding.
But in the end, to each their own. For me, it is not a loss until I sell and I will not sell until the current events have reached a satisfactory resolution one way or another.
... In My humble Opinion
It's a loss, whatever you choose to "believe." More people have lost more money based on your "it's not a loss until I sell it" theory than any other trading "theory" out there.
-------------------- "Entrepreneurship is the last refuge of the trouble making individual."
posted
Wow...you actually had a meeting? And? You had to "review" it? It's trading on the greys? You had to go through all that to come up with that conclusion? Where were you when it was trading at $2, $3 and $4? Setting up your meeting?
quote:Originally posted by Kevin Bailey: Just came back from the meeting of the "CHSD Basher's Committee." After further review, we all still feel like this stock is, was and always will be a PoS.
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
IP: Logged |
It's a loss, whatever you choose to "believe." More people have lost more money based on your "it's not a loss until I sell it" theory than any other trading "theory" out there. [/QB][/QUOTE]
Giving you the benefit of the doubt I will assume you must be speaking of opportunity cost, which is valid but certainly an unknown. If not, please explain how:
"More people have lost more money based on your "it's not a loss until I sell it" theory than any other trading "theory" out there."
posted
Facetious much? That you guys actually BELIEVE there is an organized effort to bash this PoS is just hilarious.
quote:Originally posted by 10of13: Wow...you actually had a meeting? And? You had to "review" it? It's trading on the greys? You had to go through all that to come up with that conclusion? Where were you when it was trading at $2, $3 and $4? Setting up your meeting?
quote:Originally posted by Kevin Bailey: Just came back from the meeting of the "CHSD Basher's Committee." After further review, we all still feel like this stock is, was and always will be a PoS.
-------------------- "Entrepreneurship is the last refuge of the trouble making individual."
quote: Giving you the benefit of the doubt I will assume you must be speaking of opportunity cost, which is valid but certainly an unknown. If not, please explain how:
"More people have lost more money based on your "it's not a loss until I sell it" theory than any other trading "theory" out there."
You obviously have much to teach us.
... In My humble Opinion
People lose tons of money this way because they become emotionally attached to a stock that at one time was worth X amount, and they refuse to sell it, even as its price further decreases, causing not only lost "opportunity cost" but lost ACTUAL cost. Stocks like this don't "come back." And the moeny CERTAINLY could have been put to better use if people had sold this PoS at .40-.50 or so, when it became VERY clear what was going on, after the suspension. The owners would have had twice the REAL capital they now possess in this PoS (a very REAL cost, not an opportunity cost), and they would potentially be investing in stocks that could further increase that capital (the opportunity cost).
-------------------- "Entrepreneurship is the last refuge of the trouble making individual."
quote:Originally posted by Kevin Bailey: Facetious much? That you guys actually BELIEVE there is an organized effort to bash this PoS is just hilarious.
quote:Originally posted by 10of13: Wow...you actually had a meeting? And? You had to "review" it? It's trading on the greys? You had to go through all that to come up with that conclusion? Where were you when it was trading at $2, $3 and $4? Setting up your meeting?
quote:Originally posted by Kevin Bailey: Just came back from the meeting of the "CHSD Basher's Committee." After further review, we all still feel like this stock is, was and always will be a PoS.
Many people sitting tight are more than comfortable that, based on research and experience, this is a good hold while this plays out. If the risk/reward does not fit your portfolio then you are free to flip for more immediate gains.
Good luck to each person achieving their goals with their chosen strategy.
quote: Giving you the benefit of the doubt I will assume you must be speaking of opportunity cost, which is valid but certainly an unknown. If not, please explain how:
"More people have lost more money based on your "it's not a loss until I sell it" theory than any other trading "theory" out there."
You obviously have much to teach us.
... In My humble Opinion
People lose tons of money this way because they become emotionally attached to a stock that at one time was worth X amount, and they refuse to sell it, even as its price further decreases, causing not only lost "opportunity cost" but lost ACTUAL cost. Stocks like this don't "come back." And the moeny CERTAINLY could have been put to better use if people had sold this PoS at .40-.50 or so, when it became VERY clear what was going on, after the suspension. The owners would have had twice the REAL capital they now possess in this PoS (a very REAL cost, not an opportunity cost), and they would potentially be investing in stocks that could further increase that capital (the opportunity cost).
By this logic everyone who ever held a stock through ups and downs was losing actual money due to their inability to predict the future. I still don't follow.
Retroactive assumptions do no good in the real world. CSHD is in a position to break either way. Based on DD, many have chosen to ride out the possible upside in favor of cutting and running. If you have moved on then good luck on the next play.
quote: Giving you the benefit of the doubt I will assume you must be speaking of opportunity cost, which is valid but certainly an unknown. If not, please explain how:
"More people have lost more money based on your "it's not a loss until I sell it" theory than any other trading "theory" out there."
You obviously have much to teach us.
... In My humble Opinion
People lose tons of money this way because they become emotionally attached to a stock that at one time was worth X amount, and they refuse to sell it, even as its price further decreases, causing not only lost "opportunity cost" but lost ACTUAL cost. Stocks like this don't "come back." And the moeny CERTAINLY could have been put to better use if people had sold this PoS at .40-.50 or so, when it became VERY clear what was going on, after the suspension. The owners would have had twice the REAL capital they now possess in this PoS (a very REAL cost, not an opportunity cost), and they would potentially be investing in stocks that could further increase that capital (the opportunity cost).
By this logic everyone who ever held a stock through ups and downs was losing actual money due to their inability to predict the future. I still don't follow.
Retroactive assumptions do no good in the real world. CSHD is in a position to break either way. Based on DD, many have chosen to ride out the possible upside in favor of cutting and running. If you have moved on then good luck on the next play.
... In My humble Opinion
Anyone who holds a stock not traded on the major exchanges for any extended period of time is doing nothing more than buying an expensive lottery ticket. There's a REASON these stocks are not listed. I have no problem playing them, but they are worth nothing more than a short-term momentum play to anyone who has any respect at ALL for his/her capital.
-------------------- "Entrepreneurship is the last refuge of the trouble making individual."
Anyone who holds a stock not traded on the major exchanges for any extended period of time is doing nothing more than buying an expensive lottery ticket. There's a REASON these stocks are not listed. I have no problem playing them, but they are worth nothing more than a short-term momentum play to anyone who has any respect at ALL for his/her capital. [/QB]
quote: Giving you the benefit of the doubt I will assume you must be speaking of opportunity cost, which is valid but certainly an unknown. If not, please explain how:
"More people have lost more money based on your "it's not a loss until I sell it" theory than any other trading "theory" out there."
You obviously have much to teach us.
... In My humble Opinion
People lose tons of money this way because they become emotionally attached to a stock that at one time was worth X amount, and they refuse to sell it, even as its price further decreases, causing not only lost "opportunity cost" but lost ACTUAL cost. Stocks like this don't "come back." And the moeny CERTAINLY could have been put to better use if people had sold this PoS at .40-.50 or so, when it became VERY clear what was going on, after the suspension. The owners would have had twice the REAL capital they now possess in this PoS (a very REAL cost, not an opportunity cost), and they would potentially be investing in stocks that could further increase that capital (the opportunity cost).
By this logic everyone who ever held a stock through ups and downs was losing actual money due to their inability to predict the future. I still don't follow.
Retroactive assumptions do no good in the real world. CSHD is in a position to break either way. Based on DD, many have chosen to ride out the possible upside in favor of cutting and running. If you have moved on then good luck on the next play.
... In My humble Opinion
Anyone who holds a stock not traded on the major exchanges for any extended period of time is doing nothing more than buying an expensive lottery ticket. There's a REASON these stocks are not listed. I have no problem playing them, but they are worth nothing more than a short-term momentum play to anyone who has any respect at ALL for his/her capital.
Yes, your investment strategies have been thorougly exhausted in your many posts in the past. However, playing the pennies with a flipper/MoMo strategy and doing exhaustive research in an effort to find the ground floor of something big are two different things.
I seem to remember that, in the past, research was not something that interested you so it is no wonder this play is of no interest to you at this point. Great work flipping it if you had success and good luck on future plays.
It is simply counterproductive to continually post what could have been when many people are waiting for a factual resolution to the current SEC investigation.
quote: Giving you the benefit of the doubt I will assume you must be speaking of opportunity cost, which is valid but certainly an unknown. If not, please explain how:
"More people have lost more money based on your "it's not a loss until I sell it" theory than any other trading "theory" out there."
You obviously have much to teach us.
... In My humble Opinion
People lose tons of money this way because they become emotionally attached to a stock that at one time was worth X amount, and they refuse to sell it, even as its price further decreases, causing not only lost "opportunity cost" but lost ACTUAL cost. Stocks like this don't "come back." And the moeny CERTAINLY could have been put to better use if people had sold this PoS at .40-.50 or so, when it became VERY clear what was going on, after the suspension. The owners would have had twice the REAL capital they now possess in this PoS (a very REAL cost, not an opportunity cost), and they would potentially be investing in stocks that could further increase that capital (the opportunity cost).
By this logic everyone who ever held a stock through ups and downs was losing actual money due to their inability to predict the future. I still don't follow.
Retroactive assumptions do no good in the real world. CSHD is in a position to break either way. Based on DD, many have chosen to ride out the possible upside in favor of cutting and running. If you have moved on then good luck on the next play.
... In My humble Opinion
Anyone who holds a stock not traded on the major exchanges for any extended period of time is doing nothing more than buying an expensive lottery ticket. There's a REASON these stocks are not listed. I have no problem playing them, but they are worth nothing more than a short-term momentum play to anyone who has any respect at ALL for his/her capital.
Yes, your investment strategies have been thorougly exhausted in your many posts in the past. However, playing the pennies with a flipper/MoMo strategy and doing exhaustive research in an effort to find the ground floor of something big are two different things.
I seem to remember that, in the past, research was not something that interested you so it is no wonder this play is of no interest to you at this point. Great work flipping it if you had success and good luck on future plays.
It is simply counterproductive to continually post what could have been when many people are waiting for a factual resolution to the current SEC investigation.
... In My humble Opinion
It is NOT "counterproductive" to post investment strategy FACTS regarding the penny stocks. The number of legit companies trading in the non-listed pennies is so small that finding a legit one is like searching for the proverbial needle in a haystack. You might as well just go out and buy $1K, $10K, $100K, or whatever of $2 lottery tickets. Momentum plays are both more predictable, and safer as well, since a disciplined trader will never hesitate to cut losses on a stock that moves against his play. If your goal is to find a legit company, with explosive long-term growth potential, in the $0.50-$2 range, the exchange-traded stocks are the way to go. I have no problem with legit DD, but sifting through the bull**** to find the real DD on such PoS companies as CSHD is simply impossible.
The above is not my "humble opinion", it's fact.
-------------------- "Entrepreneurship is the last refuge of the trouble making individual."
posted
BTW, I wouldn't touch this PoS with a 10-foot pole and radiation-proof gloves. There is no predictability to the charts (a common characteristic of a pump-and-dump), and even less credibility to the supposed executive team.
-------------------- "Entrepreneurship is the last refuge of the trouble making individual."
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Eek!]](eek.gif)
![[Roll Eyes]](rolleyes.gif)
![[Smile]](smile.gif)
![[Big Grin]](biggrin.gif)
![[Razz]](tongue.gif)
![[Wink]](wink.gif)
