642 million shares all bought at the ask of .0002 Will it go to .0001? I'm realy not sure! I still feel that the MMs are forcinging this down and scaring uninformed buyers and seller out. I am as informed as anyone can be on this position and I think that the F/S is making the MMs decide to cover or not and as long as they keep holding it down I think they are buying and covering before the F/S! I still see this PPS rising before the split! The problem that is getting bigger is that the more shares that are bought out of the float at .0002 or even .0001 the harder it will be for buyers to buy through the .0003 50% profit takers and the .0004 100% profit takers! What we need here is an aquisition PR that will make the holders of those low position hold through .0003 and .0004! Keep your fingers crossed!
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Well at this point i dont see the PPS going lower than .0001x.0002 but if you bought at .0002 and you are saticfied with a 50% profit then by all means take it when you can! You will need to read the whole thread here to get my whole opinion on PRRM and I personaly will be holding till .0009 or until I get the split shares and then i will re-evaluate my position! I do feel the push down is a short cover at the lowest they can get it for and that the O/S may not be anywhere near as high as I thought it was! We shall see real soon! I wont be missing any volume and share counts anymore as long as I hold this stock! I'm following the flow on money here and the dependiture is done! the company isnt issueing shares and the dependiture was put in WIENs hands to sell and cover and i believe that they are abusing the companies PPS to there own advantage at this time! they may have sold as many as a billion shares more than the dependiture needed to cover and those shares would be naked shorted shares if that is the case!
hope this helps Rick
[This message has been edited by rickpic (edited August 11, 2004).]
[This message has been edited by rickpic (edited August 11, 2004).]
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Well knowing this and what you said in the post to start the thread I am following YOU. You follow the money and I will be the chimp with the tin cup collecting the scrap you leave behind. I am going to hold mine then til I can sell half of them at .0004 this way the other half is free and I wont risk anything and have a free bunch.
I picked this after reading your posting. It was a flip of a quarter here between this and Qant and you made sense to me to try it. Thanks
posted
Rickpic good to have ya back. I bet you should be able to grab some .0002's tomorrow. I was able to get some, but hopin for that .0001 play as well. I have a question for ya. How would you rate this play with all your plays you've made so far? This may be a loaded question, but it should help things to hear how you like this play compared to others. I was with you from the beginning with CMKM's 2/1 split and I'm getting that funny feeling inside again with this one. Any chance you have a better feeling about this play or similar feeling. Thanks for your continued support on Allstocks!!! Posts: 829 | From: people's republic of cambridge | Registered: Jun 2004
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Second this stock has some promise, just not overnight promise! Could it see .02 again? Yes, but not untill the company grows into a valuable Hard Money Lender and yes it is moving in the right direction! I try not to day trade as a rule! I pick plays with future promise and sit on the positions! Sometime the timing is right and you get a jump in and right back out, but that is a losing game over the long term and the commitions also drive down your positions! Free shares is the best way to play the market and waiting for the right pick versus jumping in all over the place is also important! I have 400 stocks on my streamers and I track most of them regularly. This give me a first hand view of there movements and I learn there parterns. Then i buy into them or not! Bottom line is i like this play for a mid term play and i am willing to wait through all of the little flippers! Rick
posted
Couple of questions. Why would a stock trading around .0002/.0003 have a forward split? Isn't this just dilution? The issuance of 1 million dollars worth of stock equals about 3 billion shares at todays levels, does anyone know when these were issued and even if it was only 1 billion, isn't this also some serious dilution? Need some help in seeing the positives here guys!
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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The 10% FS was announced on 7/29 and the PPS was at .001 at that time. you need to read all that is available and look at the chart on this stock, because you are apearing to be highly uninformed on this position, even though I know you have been following this thread. The $1 million dollar dependiture was filed back on 6/9/04 and the pps was .025 at that time. Cash is needed to run any company and going pulic means selling share to continue and grow operation! My feeling that there is a short going on here is growing, because the estimated volume sold at .0003 is 600 million shares and the total sold at .0002 is 642 million! Are the .0002 buys a cover of the .0003 short at a 33.33% profit to the Market Maker shorting them? I think it is to a large extent! I personaly will be waiting this out!
Rick
[This message has been edited by rickpic (edited August 12, 2004).]
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You're right Rick, I am uninformed on this one. That's why I asked the questions.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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Rickpic did you get in at .0002 today? I'm still hopin' for a shot at .0001 before the split.
Posts: 829 | From: people's republic of cambridge | Registered: Jun 2004
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There are now 741 million shares that have been sold at .0002 , many will be looking to take a 50% profit. I do believe that the MMs hold a great portion of these .0002 shares and that those fills will be filled first. Those shares I also believe were a buyback of some of the MMs shorts at higher levels and that the O/S is not as high as it was made to appear. Lets hope that many who bought at .0002 are planning on holding for more than a 50% profit, not that I am recomending that to anyone, but I personaly will be holding to a higher level, and waiting for things to progress with the company. This is a ground floor opportunity. It may take time for it to grow into a bit more valuable holding, but I personaly feel that PRRM and its Hard Money Mortgage program will grow! I believe an aquisition is coming at some point in the near future and I hope that it is not the last and I would also like to see spin offs off each aquisition as it happens. Its all a wait and see game, but so was every company that ever became a success! Good Luck Rick
Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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Awesome! I'll be stayin mostly and may play with a few mill just to make back a little hear and there, but great words Rickpic. COMON PRRM!! Posts: 829 | From: people's republic of cambridge | Registered: Jun 2004
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ricsuck, remember when u said once the 150 million traded at 0002 was sold back for a profit at 0003 it would stabilize. yeah, good prediction. so what now? there has to be 300 million shares sold at 0003? you suck!! ****pics
Posts: 13 | From: houston, texas usa | Registered: Aug 2004
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Hey hotshot! Where's your last pick ? When's the last time you gave everyone benefit of your experience, skill, and ability and posted a runner ? Point me to the thread(s), lets see your percentage of winners. I think you should apologize and fade away.
quote:Originally posted by brendand00: ricsuck, remember when u said once the 150 million traded at 0002 was sold back for a profit at 0003 it would stabilize. yeah, good prediction. so what now? there has to be 300 million shares sold at 0003? you suck!! ****pics
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
I agree 100%,I have been following Ricks picks ever since I started trading (I am still as green as grass and need lots of help) and have learned a lot from him, he has been one of the most accurate sources on this board and I think we all owe him a great deal, anyone thinking different should find another board.!Thanks a million Rick.
Mike
Posts: 136 | From: British Columbia, Canada | Registered: Jun 2004
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posted
Hi Ric I like your picks I think anyone who is finding great DD on stocks and helping others make money off the same picks is great. As far as I am concerened if you have no picks Brand00 then you might want to lay off the slander!!!! You know their isn't anyone who is 100% right all the time so if you feel it is not going to go then just leave the thread!!! Ric keep posting don't listen to the loosers who don't know what they are missing
Posts: 795 | From: Brown Deer, WI 53223 | Registered: Feb 2004
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We have a stock that is basing and there is no question about that at .0001 x .0002! We also have a company with things about to happen and for those that have read the whole thread here you know what those things are! The 1 for 10 forward split happens in 13 trading days, so time is becoming limited, and I believe that the closer we get to the split date the better the chances that the PPS will start to move up! Don't rely soley on the split to make PRRMs PPS rise though, because I somehow think that all the cards haven't been played by the company prior to the split! Keep an eye on it! For those of you who have been buying in at .0002 for the first time. Don't be afraid to take a 100% gain of half of your shares and ride free shares! There is no better play than a free play! As for me and the holders of several 100 million shares that I know of from this and other groups I post to, many of us will be holding for higher levels, as a mid term play rather than the quick flip! At some point I will be riding 23.9 million free shares after selling half of my post split shares! PRRM has PRed the desire to aquire a NE broker and I'm guessing it will happen in the near future, so I will be holding large here and waiting for that announcement! My guess would be that that will be a very good payday for those with patients! Good luck to those who are flippers this week, and I hope you don't get locked out of a good thing! At this point I have to call this a short and mid term strong buy! Be sure to do as much DD as you can and that includes calling the company if you so desire! Whatever it takes, be comfortable with any investment you make here prior to making it! Your investments are your responcibility and if you choose to make them soley based on the DD of others, you may not lose here but you will surely lose elsewhere in the long run! Rick
I for one have doen my first ever buy of a stock and it was PRRM. I sold half of my origanal investment which wa speanuts to start with. It was cheaper to try this and learn than what I typical lose at the casino. LOL
I sold half and made my money back and will hold the rest for future splits or see if the price goes up more for my greediness. I have 1 million free and my money back not a bad gamble in my book.
For those who are whining about losing...heres a hint.....dont gamble with what you cannot burn. Look at the bright side of it......if this is worthless to you ask for the certificates so you save on KLEENEX.
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Yep Rickpic is a solid DD playah' so don't be hatin' Rickpic I think that Bren.. dude is really Kevin Bailey...remember that dude...ha. Latah'. AND COMON PRRM!!! Posts: 829 | From: people's republic of cambridge | Registered: Jun 2004
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