Hell, I been in and outta this thing four or five times in the past two days, made around $6000 on it, and ain't even read the PR!!!!! Couldn't even tell ya what it is. I use the tools on OTCCHARTS to watch how it's playin'!!!!! Use 'em correctly and all you do is BANK!!!!!!!!!
------------------ "The clever combatant imposes his will on the enemy, but does not allow the enemy's will to be imposed on him." The Art Of War - Sun Tzu
"Do Da Due - But Be Damn Quick About It" Da Art Of Daytrading - Dardadog
Well since dog is gone, ill do sum of the answer'n around here. Even though i dun have much expierence trading i found that i have learned a lot through reading old posts in the diffrent forums. My advice to you is to first learn, then play. Again,there are gigantic amount of useful info in these forum and jus sift through old posts for resources, there are plenty of book recommendations,advice, and tools that are mentioned.
It all here, just got to find it, it'll also save ppl time answer'n questions that already been answered.
well it is not called otc charts anymore it is www.microcaptrade.com but i still call it otc charts lol i been having it for about a year and would be lost without it
Posts: 187 | Registered: Feb 2004
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Was out doing some digging on IFLB and came across the following article. I think this article will help explain some of the volatility in the stock price and volume.
========================================= Phony Faxes Are the Latest Stock Scam Associated Press Mon Dec 27, 1:39 PM ET
WASHINGTON - 'Tis the season to be giving. But when it comes to purported stock tips ending up on your fax machine, you better keep your cash in your stockings. First came the e-mails. Then there were the voicemails. Now, the new danger lurking for unsuspecting investors are faxes. The scheme always works the same way: You're the unintended recipient of a hot stock tip about an unknown company about to be discovered. Earlier in December, handwritten faxes addressed to a "Dr. Mitchel" have began arriving on fax machines across the nation, begging the doctor to turn on his cell phone so that he can place a trade in a stock that's about to triple in price. The fax appears to have been sent by "Chris," who according to the body of the fax is Mitchel's financial planner. There is no other identification on the page. A telephone number listed at the bottom to call if the fax was received in error is not functioning. Enough investors who received such faxes recently believed they had inadvertently stumbled onto a great stock tip, particularly since a postscript to the scrawled note says, "You'd better be good to me this Christmas. No other stock broker has given you back-to-back wins four times in a row." In the days after the faxes were sent, the stock prices of the companies mentioned in the different versions of the fax took off on heavy volume, indeed showing strong gains. The only problem, according to regulators: Though the stock symbols are real, there is no Dr. Mitchel, no Chris, and the fax reeks of a classic pump-and-dump scam run by someone seeking to push up the stock prices for their own gain. Boca Raton, Fla., securities attorney Richard Stephens was one of the recipients of the Soleil Film fax on Dec. 17. He said initially his wife believed they had mistakenly received a stock tip intended for someone else, but Stephens, who represents investors who have been wronged by their stockbrokers, knew that the fax was a scam. When he showed it to relatives without experience in the securities industry, they told him it looked like a tip that they would want to act upon. "People who are not sophisticated will see it and take it at face value," he said. Regulators said they have seen a pattern of similar faxes since mid-December, but declined to comment on whether all were generated by the same scam artists or whether the companies identified in the faxes were aware of the scam. So far, there appears to be at least three versions of the same fax circulating with the ticker symbols of Infinium Labs Inc., AVL Global Inc. and Soleil Film Inc. All are dated Dec. 15. Infinium Labs' stock, for example, finished over-the-counter Bulletin Board trading last week at 74 cents a share, more than triple its late price of 20 cents on Dec. 14. Over the same time frame, Soleil Film's stock jumped about 43 percent to 60 cents in OTC trading. AVL Global's stock was at $3 in late OTC trading on Dec. 14 and traded as much as 18 percent higher at $3.55 on Dec. 20. However, the stock has since slipped back to levels around $2.85 a share. Kenneth Eade, president of Soleil Film, a Santa Barbara, Calif., film production company, said he wasn't aware of any scam involving his company's stock, nor had he been contacted by regulators. He said Soleil's stock, which underwent a 30-to-1 reverse split earlier this year, has shown a steady increase in price as "awareness of the company and its projects have increased." Soleil Film, whose most recent movie project cast Eade's wife and former company president Agata Gotova in a role, stopped filing SEC forms in October after it lost its quotation on Nasdaq's Over The Counter Bulletin Board. Eade said Soleil is working to apply to go back on the OTCBB.
AVL Global, a manufacturer of products to track vehicles, said the company was unaware of the fax. "We never authorized anything like this," said AVL Global's Chief Executive Officer Tyler Fisher. Kevin Bachus, President and Chief Operating Officer of Infinium Labs, a Sarasota, Fla.-based game company, said the company "was in no way involved in, and certainly does not condone the use of misleading information in faxes or any other media." This summer, the SEC took the unusual step to alert investors about a similar scam, which it dubbed "Vicemails." In that case, a caller pretending to have misdialed a friend's telephone number left "hot" stock tips about several companies on voicemails all over the country. "These kind of faxes are absolutely suspicious. Investors should treat them like they would a flyer under their windshield wiper and throw them away as fast as possible," said John Reed Stark, chief of the SEC's Office of Internet Enforcement. Stark said that whoever sent these faxes to boost up stock prices was committing securities fraud. "There is a trading trail, an electronic trail and a money trail. We're going to catch up with them," he predicted.