posted
Matt Thanks . . . your explanation about the MMs being the only ones who "actually" buy and sell shares from real people sounds logical. And gives the MMs many chances to play games with our shares and our lives.
Now I understand comments about there being more "buys than sells" or "sells than buys". MMs can take all sales without having an immediate buyer. Which means they must want the shares at current prices because they believe their will be a chance to sell at a profit later. That nets out to a positive indication, despite the dip in PPS today. Or, am I seeing the glass a little more than half full?
-------------------- Everything I say is only my opinion ... right or wrong. Posts: 2152 | From: Ohio | Registered: Sep 2004
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posted
Those transactions for $13.20 are suppose to be signals (according to some websites). An investor would be spending almost that much on commissions--unless they deal in millions and get big discounts.
Notice that when some unusal sales ( 100 several times in a row $.023) go through, the price does go down or up for a few trades.
....signals for a need for more shares.
If I bought and sold that fast, it would be easy for me to come up short at the end of the day. lol
posted
the way i see it, the mms buy your shares at .0022 and sell it at .0023, or buy at .0023 and sell it at .0024 to make a profit. they could have accumulated it as well in between. unfortunate for us that there are many sellers willing letting go at .0022 and .0023 that bring the pps down and the mms just flipped to make a profit. as i read somewhere, in pink and otc, only mms can buy and sell to make a market. we investors cannot trade with one another. the mms are the one who control.
-------------------- Come Q, the kid needs back-to-school shopping! Posts: 734 | Registered: Sep 2004
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posted
Someone or Something needs to take A BIG DUMP on the MM's. How do they Legally get by with what they are doing. Ricardo
Posts: 208 | From: Florence, SC, USA | Registered: Dec 2004
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imakmony2005
unregistered
posted
IVE GOT TEN K READY IF WE GO TO .0016 THEN IM DONE TIME FOR THE PAY OFF.$$$$$$$ 4 MILLION LONG AND NOT FOR SELL.
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posted
Those selling are expecting to make money flipping along the way on the climb back to .01
However,
If--IF, there is a carrier announcement or even if there is no announcement, the pps could make a very rapid climb (has happened before), those sellers would not be able to get back in much lower a penny.
posted
Stockgate Goes to Congress March 10, 2005 by Mark Faulk
Congress finally took the first steps towards addressing the naked short selling issue known as "Stockgate" yesterday when, in a whirlwind week that began with a major court ruling in a lawsuit pertaining to naked short selling, gained momentum when a Michigan man provided Congress with a clear "smoking gun", and culminated with Senator Robert Bennett telling SEC Chairman William Donaldson in a Senate hearing that "Rule SHO is not working."
Letting the Courts Decide
In what attorney Wes Christian described as "a significant victory in our on going battle to bring restitution to our clients for the brazen manipulations that were perpetrated against them", a New York court last week ordered the Depository Trust and Clearing Corporation (DTCC) to produce trading records for shares of Eagletech Communications (OTCBB: EATC). Eagletech, who was represented in the motion by Christian Smith & Jewell of Houston, Texas and Koerner Silberberg & Weiner, LLP, of New York City, is a plaintiff in a stock manipulation action pending in the state of Florida. It commenced a special proceeding in the Supreme Court of the State of New York to obtain certain trading reports from the Depository Trust and Clearing Corporation.
It was the first major ruling against the DTCC in the naked short selling scandal, and could open the door for other similar rulings in the dozens of cases filed by Christian, famed attorney John O'Quinn (of the Houston law firm of O’Quinn, Laminack and Pirtle), and others on behalf of companies and investors who claim that they have been victimized by naked short selling. Christian and O'Quinn have also won favorable rulings on on behalf of Exotics (OTCBB: EXII).
The Smoking Gun
In what was the most significant development this week, a Michigan man, Robert C. Simpson, claimed to have acquired 100% of the shares of Global Links Corp (OTCBB: GLKCE), filed his purchase with the SEC, had the certificates delivered to him, and then watched as over 50 million shares traded over the next two days. In fact, GLKCE traded another 447,000 shares just yesterday. How did major brokers buy and sell tens of millions of shares of stock in a company that had zero shares available? It's a question that the SEC, the DTCC, and the brokers themselves will have to answer in the coming weeks.
And, if that wasn't enough, another investor, Paul J. Floto of Dallas, Oregon, bought another 15% of Global Links' stock just his week, and filed his shares with the SEC as well, even though Simpson had filed his claim to 100% of the shares of the same company a month earlier. This is how Floto described his purchase in his SEC filing ( http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3321340 ):
"On February 3, 2005 a single investor reportedly purchased all the common shares issued by the company, plus 145 additional unissued shares.
Subsequent to that date, over 95 million shares, or over 82 times the total shares issued, were reportedly traded, none of which were reportedly sold by the 100% owner of the common stock.
On March 4 and 7, I purchased a total of 180,000 shares, resulting in my obtaining 15.54% ownership of a stock reportedly already 100% owned by another investor. I assume that there may be additional investors who may also claim ownership of common shares of this company.
I have requested that certificates be issued to me representing my full 15.54% ownership interest, to protect my right to vote and enforce any other claims that may accrue to an actual documented owner.
I understand that Reg. SHO was supposed to detect and prevent the fabrication of millions of nonexistent shares. It would appear that my securities purchases prove that Reg. SHO has been systematically violated by market-making brokers and securities-clearing firms.
From time to time I may continue to purchase additional securities on the open market to increase my ownership interest to up to 100% of the company's common stock to give me an ownership interest equal to that of the current 100% owner."
Major Media Coverage
While this has been largely a grassroots effort in the past, with only a handful of publications covering the story, including www.faulkingtruth.com , www.financialwire.net , www.investigatethesec.com , and Judith Burns of Dow Jones, there has been an upsurge in media coverage lately, as the major media has finally begun to recognize the significance of the story. But while media outlets such as the San Antonio Express-News and WNBC in New York have done recent stories on Stockgate, NBC's Dateline continues to sit on a segment that has been in the works for well over a year. Their segment, which was originally scheduled to air in early 2004, has been postponed numerous times, and, according to our sources, is now scheduled to air "sometime before April 15th". I'll believe it when I see it. After the events of the past few weeks, the scandal might be well on its way to being resolved by the time Dateline finally gets their act together.
Congress To SEC: "Regulation SHO is Not Working"
While thousands of investors have joined advocates for stock market reform in speaking out publically, others have been quietly working behind the scenes to convince Congress to launch an investigation into the naked short selling scandal. We have been working with a number of people who have been busy lobbying members of Congress to take steps to end the rampant corruption that has plagued the market for years, and yesterday, those efforts finally began to pay off.
In a hearing in the US Senate Committee on Banking, Housing, and Urban Affairs, Senator Robert Bennett grilled SEC Chairman William Donaldson about the naked short selling scandal, citing the Global Links story and opening his statement by telling Donaldson "You put out a new rule in January to deal with naked short selling, and as nearly as I can tell from my constituents, who feel victimized by this - it's not working." He then went on to read from the Global Links article and said that "this article just last Friday in a national publication indicates that people are still selling short shares that they don't have and clearly are never gonna acquire."
When Donaldson tried to argue that "short selling is not illegal", Bennett interrupted him by saying "I approve of short selling, it's the naked short selling we're going after." Donaldson then tried to describe how the recently enacted Regulation SHO dealing with the naked short selling problem, and was again interrupted by Senator Bennett, whose final comment was "My main message here is that the evidence is Rule SHO is not working, so that's what we need to get into in detail." He concluded by directing Donaldson to present an "in depth briefing" to the committee.
What Now?
This is a major victory for those of us who have often felt as if we have been beating our heads against the wall in this crusade. Mark this day down on your calenders as the day that our voices were finally heard in the halls of Congress, but be aware that this is only the beginning, there is much work yet to be done. Now is the time to step up efforts to spread the word like never before, to contact Senator Bennett and all the members of the US Senate Committee on Banking, Housing, and Urban Affairs, the Senate Finance Committee, as well as your own Congressmen and Senators. Tell them that we demand justice. Remind them that President Bush wants to invest our Social Security money into a stock market where corruption is rampant. Tell them that a full Congressional investigation is the only solution to this national scandal, and continue to spread the word to the media and through the internet. Then, and only then, will our markets once again be safe for investors. --------------------------------- To contact members of the US Senate Committee on Banking, Housing, and Urban Affairs, go here and click on the members' names: http://banking.senate.gov/index.cfm?FuseAction=Information.Membership
To listen to Senator Robert Bennett's testimony and SEC Chairman William Donaldson's response from the March 9th US Senate Committee on Banking, Housing, and Urban Affairs hearing, go here, click on "Video Archive" and fast forward to 1:19:30:
quote:Originally posted by imakmony2005: IVE GOT TEN K READY IF WE GO TO .0016 THEN IM DONE TIME FOR THE PAY OFF.$$$$$$$ 4 MILLION LONG AND NOT FOR SELL.
what made you think that pps will go down to .0016?
-------------------- Come Q, the kid needs back-to-school shopping! Posts: 734 | Registered: Sep 2004
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posted
Half a billion shares traded & down another 4%.
Waiting for the dust to settle. If this keeps up I will triple my position!
Posts: 4363 | From: waldorf,maryland,USA | Registered: Mar 2004
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quote:Originally posted by suzainiee: I'm rethinking how much more to add, too.
Those 9 million block trades..........
I'm taking my time.
I'll not buy into the selling. I want to see the dust settle. Then I will start buying again. May as well get them as cheap as possible & make the position larger.
posted
Wonder if Frank is selling to pay the bills???? The whole thing dosen't make sense. I watch QBID every day for an entry point but it keeps dropping. (I sold at .0031 after taking a loss) The concept of Gay television is right for the taking but maybe Frank isn't the one to make it happen. I think they are in trouble for the fact Frank hasn't delivered on his milestones. (carriers, ect) Hope I'm wrong but you have to wonder at this point.
Posts: 1271 | From: Sincinnati , Ohio | Registered: Feb 2005
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quote:Originally posted by Itchy Pitts: Wonder if Frank is selling to pay the bills???? The whole thing dosen't make sense. I watch QBID every day for an entry point but it keeps dropping. (I sold at .0031 after taking a loss) The concept of Gay television is right for the taking but maybe Frank isn't the one to make it happen. I think they are in trouble for the fact Frank hasn't delivered on his milestones. (carriers, ect) Hope I'm wrong but you have to wonder at this point.
Thats what i did; its the safe thing to do. Averaging down is a sign of a greedy investor( to be successfull you need to be happy with making money instead of trying to hit it big just one time), or an uneducated investor(you must protect your money and the only way to do that is to relize things fail). This stock has potential but right now there is no bottom in sight; just keep a close eye on it, there will always be time and shares to get back in.
Posts: 58 | Registered: Sep 2004
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posted
Come on Frank this is pretty bad! Not to long ago we were above .005 and happy with small steady gains. We need carriers and to get onto an exchange. I am staying in and hope for a positive future but am worried. Thats all!
Posts: 1176 | Registered: Dec 2004
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posted
My 300,000 shares are going to be worthless within a couple months the way this is dropping. There goes my plans to move to Malibu (lol).
Posts: 304 | From: Michigan | Registered: Apr 2004
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quote:Originally posted by tqn: there will always be time and shares to get back in, for sure, in any stocks. however, chasing the run up is also paintful.
Its still more profitable than just riding it down to nothing. I have a lot of room to chase before i reach my previous sell point.
Posts: 58 | Registered: Sep 2004
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quote:Originally posted by Ricardo: I am confused and not knowledgeable enough to try to understand. Over 400,000,000 shares traded and we are down 8% could someone help me out. Ricardo
i like to keep it simple - it's a question of supply and demand. if 400 mil traded and down 8%, there is more sellers than buyers.
Exactly; and it really isn't a bad thing. These sellers will most likely buy back in at a simaliar time and create a good uptrend.
Posts: 58 | Registered: Sep 2004
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posted
That phrase is used with all the penny stocks. Penny stocks are like the lottery. In one year I bought 30 penny stocks all which I got from this message board. Not one of them has done crap, most have gone under, or R/S. Remember AFRR, IBZT, ITDJ, CBBS, USCI, TFCT, etc.etc.etc. I've learned penny stocks are only for day trading when you catch the first buzz/hype about them. No long term future. QBID had it's run back last Spring.
Posts: 304 | From: Michigan | Registered: Apr 2004
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We are well aware of message boards discussing our stock and feel true investors should be wary of certain individuals that post. Please understand that these few select people have a specific agenda to disrupt the long term investment strategy of our shareholders. They are in place to purposely create fear within the investment community. Management's policy is not to discuss company matters with anyone until all investors can be made aware, thus creating an equal playing field. That said, anyone claiming that they have spoken to the company and is privy to information not yet public is spreading false information. Initiatives are now in place to investigate any person posting inaccurate or untrue information. We understand that the concept of message boards are good and recognize they create an outlet to discuss, but we will not tolerate blatant fallacies.
Posts: 1176 | Registered: Dec 2004
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quote:Originally posted by Rich735: 3/9/2005 - RE: Message Boards
We are well aware of message boards discussing our stock and feel true investors should be wary of certain individuals that post. Please understand that these few select people have a specific agenda to disrupt the long term investment strategy of our shareholders. They are in place to purposely create fear within the investment community. Management's policy is not to discuss company matters with anyone until all investors can be made aware, thus creating an equal playing field. That said, anyone claiming that they have spoken to the company and is privy to information not yet public is spreading false information. Initiatives are now in place to investigate any person posting inaccurate or untrue information. We understand that the concept of message boards are good and recognize they create an outlet to discuss, but we will not tolerate blatant fallacies.
The only people I have seen claiming to have talked to the company were pumpers. Statements like these arent good. Who cares what people are saying about your stock; get it on a board then and have it trade at company value not at speculation value. Start reporting and stop making excuses then the stock will go up; unless there are negative reasons there have been no reportings.
Posts: 58 | Registered: Sep 2004
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hope everyone is doing pretty well lately.today has been another fabulous day not so much for qbid but in general.its neat to follow these boards and watch the sentiment change from day to day.obviously there will always be those that are rock solid investors who are risking x amount on this stock and not moving until success comes or the paper is worth only paper.then we have the day traders those willing to risk quite a bit of money if this runs away from them so that they can get in for cheaper prices.i guess it all comes down to investment styles and free will. i personally choose to not try and day trade any of my stocks whether they be micro penny stocks, small caps or stock options that i play.i always feel that if the move happens in a day or a minute for that matter so be it i am thrilled but usually i am in for much longer periods of time.i just hope that this long waiting period pans out great for everyone; may the daytraders have there moment and the longterm holders as well.tis in my utmost humble opinion that one day QBID will reach over a dime and probably into the dollars ranges.if this happens i will be very happy if not well that would be a drag.i feel for those that have put in much more than planned and are waiting anxiously to get a bunch of money back but if you can be patient maybe it will happen.
sincerely noah
-------------------- gotta know when to hold em and when to .......... Posts: 1525 | Registered: Mar 2005
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posted
"Are we there yet?" "No." "Are we there yet?" "No." "Are we there yet?" "No . . . and if you ask one more time, I will stop this car and leave you by the side of the road."
Sound familiar? Come on, everyone, do some self-analysis and take the proper action:
1)If you are trying to daytrade QBID, move on. There are better daytrader stocks out there.
2)If you are long and believe QBID will succeed, sit back and be patient. Whining won't get us there any quicker.
3)If you are long and don't believe QBID will succeed, sell it now and move on. But don't ever check QBID's price again. Doing so could be hazardous to your mental health.
4)If you don't own QBID and never plan to own it, ask your shrink why "little voices" keep sending you to this thread everyday (maybe the little voices know more about QBID than you do).
DISCLAIMER: I am not a QBID pumper, but I am long on QBID, I believe it will succeed, and I am tired of all the whining everytime the PPS dips. If you know some way to make the PPS rise, share it with us. But if you are just venting your fears and frustrations to make yourself feel better, try telling your dog instead. Chances are it won't bite you . . . but I hope it does.
-------------------- Everything I say is only my opinion ... right or wrong. Posts: 2152 | From: Ohio | Registered: Sep 2004
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posted
I am not sold on candlestick charting, but this is what one popular site currently says about QBID:
BUY-IF
Today’s Candlestick Patterns: Long Legged Doji Bullish Doji Star
"Today a Long Legged Doji was formed. This implies a loss of sense of direction and that there is a great amount of indecision in the market.
"The last two candlesticks formed a Bullish Doji Star Pattern. This is a bullish reversal pattern that marks a potential change in trend. However, its reliability is not very high and it requires confirmation."
I don't use candlestick charting religiously because I don't believe it provides the information I need to make my decisions. But still, I like to see what it says everyday.
-------------------- Everything I say is only my opinion ... right or wrong. Posts: 2152 | From: Ohio | Registered: Sep 2004
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posted
Has anyone talked directly to Frank lately like a while back it seemed there were a few people who would manage to ask some questions for us? I would like to know if the new hires we've heard of have released any priority lists or timetables on when these things may happen. The big question is are there any talks with major carriers in progress right now. I call Comcast here in MN several times a month and they never even know what I'm talking about when I mention QBID.
-------------------- BE HUMBLE, DON'T STUMBLE! Posts: 84 | From: Minnesota, USA | Registered: Jan 2004
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posted
I hope you are mentioning Q Television Network and not the stock symbol QBID
-------------------- am I part of the cure, or am I part of the disease... Posts: 696 | From: Amish Country, PA, USA | Registered: Feb 2004
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