posted
GZFX was at 0001 abt 15 months ago, went to 18cents within 12 months from 0001
quote:Originally posted by will: I was looking at one the other day. Can't remember the symbol, but in March it was .0001 and it climbed to, or close to a penny in May.
[This message has been edited by cool1sh (edited June 04, 2004).]
Posts: 722 | From: Atlanta | Registered: Feb 2004
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WILL I took intrest in the dividend comment also. @.01 mentioned we would all become free shares(how nice) Dividends come from"VALUE" since no value stated to date, it must mean they have identified value. In a news relaease recently I saw GOLD,Diamonds, ZINC and maybe all. So go ahead guess @A/S and multiply by .01. VAN
Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003
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Sorry Van, I have no idea what you're saying.
quote:Originally posted by VNGNTN1: WILL I took intrest in the dividend comment also. @.01 mentioned we would all become free shares(how nice) Dividends come from"VALUE" since no value stated to date, it must mean they have identified value. In a news relaease recently I saw GOLD,Diamonds, ZINC and maybe all. So go ahead guess @A/S and multiply by .01. VAN
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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quote:WILL I took intrest in the dividend comment also. @.01 mentioned we would all become free shares(how nice) Dividends come from"VALUE" since no value stated to date, it must mean they have identified value. In a news relaease recently I saw GOLD,Diamonds, ZINC and maybe all. So go ahead guess @A/S and multiply by .01. VAN
If I may be so bold, he is saying that in order to pay out a dividend of say .01 per share, it takes money. If the a/s and o/s are 500 billion, that equals a cash payment of 5 billion dollars. Where's it gonna come from? At least as of right now this company has no real value other than the stock that they sell. I know some have theorized that Casavant has in fact bought back the entire a/s and that we all own naked shorted "fake shares" so if this is the case the money would come from the insurance policies of the market making firms when they are forced to cover all of our dividends. Sounds awfully far fetched to me but again, I guess anything's possible.
posted
Diana wrote: IS EVERYONE GOING TO KEEP THEIR SHARES OR SELL FOR THE PROFITS. I AM STILL UNSURE OF THE VIABILITY OF THIS COMPANY. I WOULD LIKE OPINIONS. PLEASE CHECK QBID THREAD- SOME NEW DD.
I QUESS I WILL KEEP MY 5 MILLION SHARES OF CMKM IF YOU ALL ARE KEEPING YOURS.
------------------ DIANA
Hi Diana, Nice to see you posting here. I always value your opinion it usually proves to be true. ENUI was one of yours I think back in the .03-.04 range. --------------------------------------------- I have 12+ Million shares of CMKX and plan on keeping at least 5M long, 5M to play wtih to maybe get free shares and cash and 2M to sell to recoup total investment and maybe some profits. I have shares at .0001-.0003 with a just under .0002 average. I have done a lot of DD and and as you know much of this is going to be gut instinct plus what you can read in the dark. I have 100% confidence that they have diamonds. This is based on the known diamondiferous kimberlite in the area, the location of our claims next to them, the way the pipes have not been disturbed by glacier activity (keeping mining costs down and the pipes concentrated), the lack of announcements or concerns about the lack thereof by our percentage partners and some good second hand hearsay from the townspeople when a trusted friend called people in town to ask what they knew. I also believe this is naked shorted. I think the company PR's indicate that they think so and the MM activity indicates that they think or know so too. I am not sure to what extent. The value of their mineral claims is going to be huge. I don't know what the stock is worth but I think the mineral rights are truly worth billions plus more billions. I am more afraid of selling too early than I am about not being able to sell. I am willing to sell 2M at about .0014 without news. With news I will see price what I am willing to sell at. IMO-DD-GLTA-Debi
Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004
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quote:Originally posted by Upside: originally posted by Van: If I may be so bold, he is saying that in order to pay out a dividend of say .01 per share, it takes money. If the a/s and o/s are 500 billion, that equals a cash payment of 5 billion dollars. Where's it gonna come from? At least as of right now this company has no real value other than the stock that they sell. I know some have theorized that Casavant has in fact bought back the entire a/s and that we all own naked shorted "fake shares" so if this is the case the money would come from the insurance policies of the market making firms when they are forced to cover all of our dividends. Sounds awfully far fetched to me but again, I guess anything's possible.
Who says it's us that have the "fake shares"? Maybe it's Urban.
quote:Originally posted by Upside: I know some have theorized that Casavant has in fact bought back the entire a/s and that we all own naked shorted "fake shares" so if this is the case the money would come from the insurance policies of the market making firms when they are forced to cover all of our dividends..
WHOA, hold on there! If this were the case, are we guaranteed to get our money? What if the MM goes bankrupt? What if the insurance co. goes bankrupt?
Posts: 1872 | From: right here | Registered: Apr 2004
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I had no comment regarding the value of the dividend, below is what I said regarding dividend. I was only involved in one dividend situation, CDVJ,(PAVP), They purchased CSJJ, a shell company and gave 1 for every 100 shares of CDVJ you held. They did that twice, once if you were a holder from 4/9/04, the other from 5/19/04. If you held any over the period of both dates, you got double shares for those. That's why I said the who, what, where, would be in an announcement of a dividend.
quote:Originally posted by will: I would imagine all the who, what, when, detail would be in the dividende announcement.
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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quote:WHOA, hold on there! If this were the case, are we guaranteed to get our money? What if the MM goes bankrupt? What if the insurance co. goes bankrupt?
That was my point to this argument a page or so ago. I have no idea how much insurance the firms are required to carry but I'm sure that it would be a mass bankruptcy filing like never seen before. It would change the face of market making and short selling as a whole. Do you really believe that CMKX can wield that much power over the market? They are a tiny company and believe me, they do not have that kind of clout.
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GATORMAN It makes no difference if a dividend is declared by company they will pay for A/S and MM will pay or have to explain the difference can you imagine that explanation. WILL When a market is moving sideways and a little down (like last two three months) buy stocks with large dividends (over 3%) sit back and smile while everyone else bitches. You will NOT be able to do this with pennys With a modest portfolio middle 6 figures I have been receiving about $200 a month on 1/3 portfolio. Planning to move some back to growth.
VAN BETTER YET (working on one now) $6.50/sharex500=3250(Bv=19.75) Sell covered call NOV/04$10@.95x500=475 Cost2775 Dividends 5%/mo x6=975 Cost (1800/3.60) If stock drops to $3.60 breakeven If stock climbs to $10 Profit $3200 I think I doubled my money??????????????
[This message has been edited by VNGNTN1 (edited June 04, 2004).]
[This message has been edited by VNGNTN1 (edited June 04, 2004).]
[This message has been edited by VNGNTN1 (edited June 04, 2004).]
Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003
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quote:Originally posted by VNGNTN1: GATORMAN It makes no difference if a dividend is declared by company they will pay for A/S and MM will pay or have to explain the difference can you imagine that explanation. VAN
You're absolutly right. My post was more in jest. I just thought the asumption that we were the ones with the fake shares was kind of funny. Besides, I just don't see a dividend for any reason anytime soon. If there is money in the company it should, and will, be used for drilling. IMO
posted
I feel left out. I don't have as many shares as a lot of you and would like to pick up more on Monday for .0003 can one of you sell 1275000 on Monday for .0003 Thank You!!
Posts: 94 | Registered: Nov 2003
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I cannot understand how people can sell half of their positions for get their initial investment back ???? Are you so poor that you want your miserable $100 - $3000 back ????? I will profit from all share I have for a big return....if not than ok I losed a few $$$ and tomorrow is another day.....if this goes where it must go (over $1 I hope )than I let you imagine my thougts....
Posts: 143 | Registered: Apr 2004
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quote:I cannot understand how people can sell half of their positions for get their initial investment back ???? Are you so poor that you want your miserable $100 - $3000 back ????? I will profit from all share I have for a big return....if not than ok I losed a few $$$ and tomorrow is another day.....if this goes where it must go (over $1 I hope )than I let you imagine my thougts....
Being rich, poor, or middle of the road has nothing to do with it. It's a sound investment practice. Your approach is something akin to riverboat gambling, win big or lose it all.
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UPSIDE Beat me to it I buy shares in an uneven position so I can sell odd shares to develope free position. Now I can concentrate on a new deal. MICROPENNY 1m reduce to 10k PENNY 100k reduce to 1K etc GREED has a big part to play say 75% EMOTION has a part say 24% LOGIC 1% VAN
Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003
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posted
I think your cash position has something to do with it, Up. However, it is a discipline. I started with $5,000 in a freetrade account, and about $1500 in a scottrade account. I have 25+ stocks in the freetrade account and it stays between $4800 and $5200 or so. I'm probably loosing more than $500 in the scottrade account, I don't pay alot of attention to it. I keep it because I use it for the current prices. I haven't invested in an L2 yet. I rarely invest more than $250 in any one stock, and I think the most I bought of one stock averaging down was $600. So, in my position it is important I be prudent, and protect my principle. Maybe being cautious will keep from realizing fantastic gains, but I feel more comfortable protecting my initial money. An example would be: I purchased 50,000 shares of TBSS at .0048, and sold half of them at .0096, leaving me with 25,000 free shares. TBSS is struggling to run, and I have my initial investment to buy more if it dips again. If it doesn't, then I still have freebies. With an average buy of .0002, I might hold and sell a little longer/higher on CMKX. You're right though, it isn't all about the money sometime, it's about being right too. I saw MBAH Wednesday night and posted the news, but didn't have the guts and sense to buy it Thursday morning, it closed at .06 today. So, even if you are right you still have to have the conviction to pull the trigger. I haven't developed those skills, yet. I stopped at liking the news on MBAH, and didn't do enough digging, price history, past news, float, etc... It's a learning process. My sins are sins of ommission as opposed to commission, don't buy, or sell too soon. I probably am not alone in these judgement errors, but it seems fortune does favor the brave and reckless.
quote:Originally posted by Upside: originally posted by richnessforeveryone: Being rich, poor, or middle of the road has nothing to do with it. It's a sound investment practice. Your approach is something akin to riverboat gambling, win big or lose it all.
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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Will, I enjoyed your post about how you play this market. You will lose less playing it your way but you also have less reward. I have been actively trading pennies for less than a year but have bought and sold them and been in the market for about 5 years. I made about 2000 trades or so last year. But maybe 10 of them were Kahuna MaMa BIG. I realized looking back that when I find the BIG opportunites I need to play those correctly. I had a bad habit of selling too early. Getting shook out on dips and buying back at high prices and many other kinds of mistakes. Also holding too long when the trend changes. So, after looking at this one a lot and reading lots of links and suppositions I decided this is a winner and I am in. So the way I wanted to play this is not to sell too early and chase when the big news comes out. I wanted enough shares to be able to sell some to break even but not at .0004-.001 because I think that is a given almost with no news. Just the amount of short shares could make this fly. That doesn't count diamonds. I read a post about people not having the guts to win big on RB one time and it made an impression on me. The guy was talking about selling 1/2 on your double when you have pennies. That works for some stocks where the trend is uncertain and the news is all known. But when a stock is just starting to go up, has a ton of momentum and plenty of news potential-you give away the most shares for the least reward and may never have that chance again. So for me I loaded up a lot of shares and will sell 2 Million at .0014 or so with no news and wait for real news and price increase on the other 10 Million. The .0014 isn't set in stone if the momentum is strong and the stock is flying I will wait till it seems the buying pressure has waned. GLTY-IMO-DD-Debi By the way great find on the stock you posted. I didn't read it and the ship had sailed by the time I saw it.
Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004
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Thanks Deb. I noly saw the news on MBAH, and put it on my watch, and watched it go up and up and up , lol. Perhaps I will be more flexible and willing to take greater risks when I find myself using THEIR money. Until then I will be frugal and prudent. This one just might be the one that allows me to take greater risks. My mistake is that I hold too many stocks. I think I need to have a moratorium on buying and unload as many as I can without getting killed, then pounce on the mice that look like they're going to move. Appreciate the advice and the encouragement.
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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Hi Will, Thanks- I can relate to a lot of what you say because I have had a ton of penny stocks in my portfolio that I was holding and they went down so much. I got spooked and sold some, decided to thin others out at a loss and others I sold with the intention of buying back at the bottom rather than riding them down. I have done fairly well by trying to not panic and getting a clear idea of what each stocks issues were. One stock I had 4000 shares and it tanked unbelieveably. I just bought 100,000 shares and it made it possible to maybe see a profit on Monday. With the visible selling into news I have seen on some stocks I buy back at the bottom and my account is starting the climb back up. I think this is the stock that will be one of the BIG ones that can make up for a whole lot of mistakes (If played right). I don't think you need 10 Million shares to do well with this but I am looking to make a killing. I have a lot of projects I want to do. I have a good World Vision one I am hoping to fund. I am hoping to do well enough on this stock that I will semi retire from daytrading and do my music and World Vision work. There are only 24 hours in a day and trding tends to eat too many of them. I do enjoy it but I don't want to be it's slave. I hope this trade works out well for you. I do read the message boards at Casavant Mining com put together with a dot. I saw one talking about Scwab and how they are not letting 1M share buys through. They are worried about their ability to cover large sales according to the poster. It looked credible and that is one reason I am planning on holding as long as I can for news. IMO-DD-GLTY-Debi
Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004
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quote:Originally posted by WWJD-thru-me: Will, I enjoyed your post about how you play this market. You will lose less playing it your way but you also have less reward. I have been actively trading pennies for less than a year but have bought and sold them and been in the market for about 5 years. I made about 2000 trades or so last year. But maybe 10 of them were Kahuna MaMa BIG. I realized looking back that when I find the BIG opportunites I need to play those correctly. I had a bad habit of selling too early. Getting shook out on dips and buying back at high prices and many other kinds of mistakes. Also holding too long when the trend changes. So, after looking at this one a lot and reading lots of links and suppositions I decided this is a winner and I am in. So the way I wanted to play this is not to sell too early and chase when the big news comes out. I wanted enough shares to be able to sell some to break even but not at .0004-.001 because I think that is a given almost with no news. Just the amount of short shares could make this fly. That doesn't count diamonds. I read a post about people not having the guts to win big on RB one time and it made an impression on me. The guy was talking about selling 1/2 on your double when you have pennies. That works for some stocks where the trend is uncertain and the news is all known. But when a stock is just starting to go up, has a ton of momentum and plenty of news potential-you give away the most shares for the least reward and may never have that chance again. So for me I loaded up a lot of shares and will sell 2 Million at .0014 or so with no news and wait for real news and price increase on the other 10 Million. The .0014 isn't set in stone if the momentum is strong and the stock is flying I will wait till it seems the buying pressure has waned. GLTY-IMO-DD-Debi By the way great find on the stock you posted. I didn't read it and the ship had sailed by the time I saw it.
Dude you are such an agreeable S.O.B... If you are in I am out... People like you change your mind so many times it's hard to keep up with you. LOL What a joke. Stick to your guns......right or wrong.
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