posted
I like TFCT but not right now. I would never buy on a run. If it follows most pennies, it will go to .17 to .18 then retrace to .14. Then it will relax a little and go back to .10 - .11 before running again. Buy there.
CMKX might be at its top for right now. Might be a better swing play for the moment. JMHO
posted
I agree with you on tfct... I feel sorry i didn't get it, but now is not a good time to buy.. I will never buy cmkx, because i don't believe in the diamond adventure, neither do i understand it. So the best pick is GZFX .. It should have a very nteresting 2 weeks. You can never go wrong with the Q.
quote:Originally posted by Rics1997: I like TFCT but not right now. I would never buy on a run. If it follows most pennies, it will go to .17 to .18 then retrace to .14. Then it will relax a little and go back to .10 - .11 before running again. Buy there.
CMKX might be at its top for right now. Might be a better swing play for the moment. JMHO
posted
How funny was just going to write that GZFX is ready for its next run. Thats where I would be putting it. Well, that is where I put my money. I won't try my luck at CMKX either.
Rick
quote:Originally posted by elshadow: I agree with you on tfct... I feel sorry i didn't get it, but now is not a good time to buy.. I will never buy cmkx, because i don't believe in the diamond adventure, neither do i understand it. So the best pick is GZFX .. It should have a very nteresting 2 weeks. You can never go wrong with the Q.
posted
TFCT is accumulating cash everyday. This is a lottery site. Website doen't have a high operating cost. THe good thing is that this stock is acting without hype and pumping. It gains every day and it always closes at the high of the day. Once they report a single weekly financial report you won't be able to buy it. That's you chance. Good luck
IP: Logged |
posted
I don't know about anyone else, but how can you even post on this board and not know the stocks listed in this thread? And how can you say that AIPN is better if you haven't heard of GZFX or TFCT? Sorry but the research I found doesn't look good for this company. read below.
Rick
quote:Originally posted by Junky: i don't know anything about these other companies posted here. but AIPN is better. :P www.aipcorp.com
they don't have a barge anymore as the website says they do
and they have 300,000,000 shares issued now (and that many authorized)
Monday April 26, 11:14 AM EDT
American International Petroleum Corporation (AIPN) (the "Company") today stated that on April 20, 2004, Halifax Fund, L.P. ("Halifax"), holder of the Company's 5% convertible secured debenture (the "Debenture"), filed a lawsuit against the Company in the Supreme Court of the State of New York seeking a determination that the aggregate amount of the debt owed under the Debenture is approximately $13 million. The Company previously announced that it was in default on the Debenture, which matured on February 18, 2004. The outstanding principal and interest amount that was due under the Debenture is about $6.8 million. As of the date of this press release the Company has not yet been formally served with this lawsuit.
Halifax claims the Company breached the Registration Rights Agreement between the parties dated February 18, 1999, and that the outstanding principal and interest amount under the Debenture should include a cash payment in the amount of about $3,590,000 due to the Company's failure to register its securities; the Company's delisting from the Nasdaq National Market System on or about November 7, 2000; and, the Company's subsequent failure to have its stock listed on an approved market. Halifax further claims that under the Debenture, upon default, the Company is obligated to pay to Halifax 125% of the outstanding principal amount of the Debenture plus accrued interest and default payments, which Halifax claims would amount in the aggregate to about $2,600,000. The Company believes that the excess amounts claimed by Halifax may include unenforceable penalties and intends to vigorously defend against the claims.
American International Petroleum Corporation is a diversified petroleum company, which through various subsidiaries, is involved in oil and gas exploration and development in Kazakhstan, and owns a 30,000-barrel per day refinery in Lake Charles, Louisiana, which is not currently in operation.
All statements, other than statements of historical fact, included in this press release are forward-looking statements, including, but not limited to, statements identified by the words "may," "believe" and similar expressions and statements regarding our legal position, plans and objectives. These statements reflect our current views with respect to future events, based on what we believe are reasonable assumptions. Certain factors could cause actual results to differ materially from results anticipated in the forward-looking statements. These factors include, but are not limited to, the outcome of the lawsuit filed by Halifax, and the outcome of our restructuring effort.
[This message has been edited by Rics1997 (edited June 08, 2004).]
[This message has been edited by Rics1997 (edited June 08, 2004).]
posted
You guys have been giving great advice, and I will look into it, but what about MLON or TSBB. Does anyone know anything about those?
IP: Logged |
quote:Originally posted by giantsarge: I am using Scottrade and the broker said they do not sell it. Why would that be?
Not saying it's true or not but Scottrade doesn't feel this company is real, or on the up and up, from what I understood. You may ask them to take another look at it because you as a member of Scottrade wish to trade it. Doesn't mean they will.
posted
giantsarge, this may help you out ... this post is from 6/5/04 @16:28 on page 36 of the "CMKX .0001" thread... there are several other interesting posts there as well... worth the time to read... interesting theory!!
quote: Originally posted by cool1sh: From another board:
Posted by: average investor In reply to: Cali_trader
Cali_trader - this has been discussed here today some. My guess you have either Scottrade or Schwab. It has been reported that neither of these brokers will let their customers buy CMKX and some other stocks.
The thinking is: Because of the HUGH amount of shorted shares out by certain MM's, Scottrade CEO of board of MM NITE (reportedly NITE VERY short), Schwab is also a MM in itself and reportedly short also.
By Short the speculation is NAKED SHORT shares not the normal short process.
Know one knows for sure but there is a HUGH belief that this is true by shareholders and reportedly by CMKX CEO also.
quote:Originally posted by Rics1997: Not saying it's true or not but Scottrade doesn't feel this company is real, or on the up and up, from what I understood. You may ask them to take another look at it because you as a member of Scottrade wish to trade it. Doesn't mean they will.
Rick
They said they only deal with companies that are on file with the SEC. and I do not know how to look it up since I am new to this.
quote:Originally posted by giantsarge: They said they only deal with companies that are on file with the SEC. and I do not know how to look it up since I am new to this.
This is not the case, since they were perfectly willing to buy/sell CMKX a few months ago.. I think they got caught with their pants around their ankles and they're looking for a quick out.
quote:Originally posted by pharmdman: giantsarge, this may help you out ... this post is from 6/5/04 @16:28 on page 36 of the "CMKX .0001" thread... there are several other interesting posts there as well... worth the time to read... interesting theory!!
[QUOTE] Originally posted by cool1sh: From another board:
Posted by: average investor In reply to: Cali_trader
Cali_trader - this has been discussed here today some. My guess you have either Scottrade or Schwab. It has been reported that neither of these brokers will let their customers buy CMKX and some other stocks.
The thinking is: Because of the HUGH amount of shorted shares out by certain MM's, Scottrade CEO of board of MM NITE (reportedly NITE VERY short), Schwab is also a MM in itself and reportedly short also.
By Short the speculation is NAKED SHORT shares not the normal short process.
Know one knows for sure but there is a HUGH belief that this is true by shareholders and reportedly by CMKX CEO also.
My idea at this time is that it is true.
[/QUOTE]
I semi understand this, but I need you to clarify about the shorted shares and what is MM. As I said I am relatively new at this.
quote:Originally posted by pharmdman: This is not the case, since they were perfectly willing to buy/sell CMKX a few months ago.. I think they got caught with their pants around their ankles and they're looking for a quick out.
So you are saying that they won't trade it as it was moving to much in volume and it was costing them money on the discounted trading?
quote:Originally posted by giantsarge: So you are saying that they won't trade it as it was moving to much in volume and it was costing them money on the discounted trading?
No.. shorted shares are shares that they have sold that they don't own.... yet!... so, in other words, they've sold members shares of CMKX (possibly in the billions of shares) that they don't even own.... and they probably expected this stock to tank (or artifically held it down), but now that there is good news on the horizon they are sh\tting twinkies... if they are called upon to pay up, they'll have to buy shares at any price (that's right, any price) to cover what they have sold... so, ScotTrade & Schwab will not let you BUY shares, since they need everyone to SELL them shares so that they can cover what they have shorted... of course, this is a theory and there is more to it than I have described here... btw, this is just my take on the various theories that have been posted on the CMKX thread... I hope it helps...
quote:Originally posted by pharmdman: No.. shorted shares are shares that they have sold that they don't own.... yet!... so, in other words, they've sold members shares of CMKX (possibly in the billions of shares) that they don't even own.... and they probably expected this stock to tank (or artifically held it down), but now that there is good news on the horizon they are sh\tting twinkies... if they are called upon to pay up, they'll have to buy shares at any price (that's right, any price) to cover what they have sold... so, ScotTrade & Schwab will not let you BUY shares, since they need everyone to SELL them shares so that they can cover what they have shorted... of course, this is a theory and there is more to it than I have described here... btw, this is just my take on the various theories that have been posted on the CMKX thread... I hope it helps...
I think I got it, but now it I want to buy it I have to find a brokerage house that will sell it. Or is there a way to force Scottrade to open it up?
quote:Originally posted by giantsarge: I think I got it, but now it I want to buy it I have to find a brokerage house that will sell it. Or is there a way to force Scottrade to open it up?
No way to force them that I know about. I do know that Ameritrade, Freetrade, and etrade are still letting you buy. I've seen a few posts about having trouble buying on lowtrade, but i think it's a website issue, not a policy issue...
I can post on this board because the guy asked what stocks he should buy. when i said that AIPN was better than the rest of the stocks found on this board, i stuck my tongue out. meaning i was just kidding around.
sure, AIPN may go before a judge where it will be determined whther they owe the Halifax Fund 6 million or 13 million, or somewhere in between. either way, they could sell the refinery and pay them off, and have some money in the kitty. i'm looking for them to announce a joint venture on their refinery soon, perhaps selling a majority stake in the refinery to pay off Halifax, and will collect revenues from products sold. i am sure you've heard about refinery capacity being met in the US. so a deal shouldn't be impossible to be struck.
all this being said, the US operations of the company do not interest me much. they have a 15% interest in an estimated 1 trillion cubic feet of natural gas (600 bcf technically proven) on concession 1551 in Kazakhstan, and a 70% working interest in a 2.7 million acre exploration block (concession 953), which is neighbouring 1551.
let's say they only keep 15% of the concession 953 (and sell off the rest) and let's say only 1 billion barrels of oil is pumped and sold, with only a 5 dollar a barrel profit for the company....that's 750,000,000 dollars for the company in oil profit alone. the market capitalization is currently under 8 million.
i did not mean to ruffle anyone's feathers by saying my stock was better than theirs. i was just kidding, but, i do see this stock as a fantastic risk-reward scenario.
[This message has been edited by Junky (edited June 09, 2004).]
quote:Originally posted by pharmdman: No.. shorted shares are shares that they have sold that they don't own.... yet!... so, in other words, they've sold members shares of CMKX (possibly in the billions of shares) that they don't even own.... and they probably expected this stock to tank (or artifically held it down), but now that there is good news on the horizon they are sh\tting twinkies... if they are called upon to pay up, they'll have to buy shares at any price (that's right, any price) to cover what they have sold... so, ScotTrade & Schwab will not let you BUY shares, since they need everyone to SELL them shares so that they can cover what they have shorted... of course, this is a theory and there is more to it than I have described here... btw, this is just my take on the various theories that have been posted on the CMKX thread... I hope it helps...
When you short a stock, you borrow the shares from someone else before you can short, you sell them at market value and rebuy them later, hopefully at a lower price, the difference in price is your profit, naked shorting is when you short the stock without borrowing the shares first, naked shorting is extremely illegal in the U.S. and is the reason a lot of companies are delisting from the Berlin exchange, b/c it is unregulated and naked shorting happens all the time over there. Example of shorting to help... I short 1000 shares of MSFT at $50.00 per share (my broker borrows those shares from someone else and sells them at market value, $50) Later that day, I buy to cover, I rebuy those 1000 shares to replace the ones I borrowed earlier at a price of $47 a share... the price declined by $3 a share... 1000x3=$3000 profit for me, and the owner of those shares has their 1000 shares back This process is 100% legal to do, however, naked shorting is the same thing, except you do this process without borrowing the shares, which creates the illusion of there being more shares than there actually is. I hope this helps. MLON is a great stock right now, they are funding bridge loans to overseas companies, and just recieved their first repayment from a Greek company funding an Olympic venue in Athens, check out the MLON thread here, it might be back a little. TSBB is a great company to get into right now, especially for daytrading. It is solid (once again, check out the TSBB thread on here) and has some good things going on here. I own both those companies as well as QBID. I do not recommend CMKX, although it has had an awesome run this week. I still think it is a scam, but many others believe in it. The funny car sponsorship they have, with out any revenues was enough to keep me out of that stock. Either way, good luck and check out the threads for the respected companies you've asked about, there is a bunch of links on them for DD purposes. Just sift through the BS and get to the good DD.
quote:Originally posted by kbpkt: When you short a stock, you borrow the shares from someone else before you can short, you sell them at market value and rebuy them later, hopefully at a lower price, the difference in price is your profit, naked shorting is when you short the stock without borrowing the shares first, naked shorting is extremely illegal in the U.S. and is the reason a lot of companies are delisting from the Berlin exchange, b/c it is unregulated and naked shorting happens all the time over there. Example of shorting to help... I short 1000 shares of MSFT at $50.00 per share (my broker borrows those shares from someone else and sells them at market value, $50) Later that day, I buy to cover, I rebuy those 1000 shares to replace the ones I borrowed earlier at a price of $47 a share... the price declined by $3 a share... 1000x3=$3000 profit for me, and the owner of those shares has their 1000 shares back This process is 100% legal to do, however, naked shorting is the same thing, except you do this process without borrowing the shares, which creates the illusion of there being more shares than there actually is. I hope this helps. MLON is a great stock right now, they are funding bridge loans to overseas companies, and just recieved their first repayment from a Greek company funding an Olympic venue in Athens, check out the MLON thread here, it might be back a little. TSBB is a great company to get into right now, especially for daytrading. It is solid (once again, check out the TSBB thread on here) and has some good things going on here. I own both those companies as well as QBID. I do not recommend CMKX, although it has had an awesome run this week. I still think it is a scam, but many others believe in it. The funny car sponsorship they have, with out any revenues was enough to keep me out of that stock. Either way, good luck and check out the threads for the respected companies you've asked about, there is a bunch of links on them for DD purposes. Just sift through the BS and get to the good DD.
Thanks, but is there a way to do this with scottrade, if not how?
quote:Originally posted by Rics1997: I like TFCT but not right now. I would never buy on a run. If it follows most pennies, it will go to .17 to .18 then retrace to .14. Then it will relax a little and go back to .10 - .11 before running again. Buy there. Rick
D@MN!...I have to give you props on that amazing prediction of yours. Followed that pattern almost exactly, it just went up to .196 before making that retrace.
quote:Originally posted by giantsarge: Thanks, but is there a way to do this with scottrade, if not how?
To do what? If you want to buy CMKX, there is no way with Scottrade, you have to get another broker, they won't make an exception for you or anyone. I have Scottrade and Freetrade. When you get your account up to $5000, I recommend changing over to Freetrade, your first 20 trades each month are free, and only $3 a trade after that, no matter what kind of trade you are making. For trading pennies, Scottrade is the worse with their fee of $22 + 1/2%, I payed that long enough and got tired of it.
I am going to have to pay more attention to your posts.
quote:Originally posted by Smctbone: D@MN!...I have to give you props on that amazing prediction of yours. Followed that pattern almost exactly, it just went up to .196 before making that retrace.
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
