posted
Nite - could somone pls elaborate on their scheme here...I am not getting it entirely, all I notice that they are continously on both sides bid/ask and dont seem to go away for long...right now, I see nite bid 0.0166 and nite ask .017..do they shake their own hand, making the transaction...hope someone can enlighten me here...
Posts: 218 | From: Grungteb | Registered: Nov 2004
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quote:Originally posted by kanalgeruch: Nite - could somone pls elaborate on their scheme here...I am not getting it entirely, all I notice that they are continously on both sides bid/ask and dont seem to go away for long...right now, I see nite bid 0.0166 and nite ask .017..do they shake their own hand, making the transaction...hope someone can enlighten me here...
NITE is one of the clearing house of this particular Pink.
TDCM= TD Waterhouse Investor Services, Inc NITE= Linsco/Private Ledger Corp SCHB= UBS Capital Markets L.P (Ameritrade uses them) SBSH- Citigroup Global Markets Inc.
John
BTW thanks Buck!!
Posts: 6 | From: Brooklyn, NY | Registered: Jun 2005
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NITE is one of the clearing house of this particular Pink.
NITE= Linsco/Private Ledger Corp
I understand that part - just dont get it what it means when they are both on the ask and bid side with .0017 and .0166, and they are next in line...as it is right now...how does that part work?
Posts: 218 | From: Grungteb | Registered: Nov 2004
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NITE is one of the clearing house of this particular Pink.
NITE= Linsco/Private Ledger Corp
I understand that part - just dont get it what it means when they are both on the ask and bid side with .0017 and .0166, and they are next in line...as it is right now...how does that part work? [/QB]
Not sure what you're asking, so if this is too obvious, apologies. But that's how those firms make money, by the spread. In that example, if you want to buy the stock, NITE will sell it to you for .0017. If you want to sell your stock NITE will buy it from you for .0166. The .0004 difference is basically NITE's profit at that moment in time.
That's why you need to look at the bid AND ask when participating in the market. If you just look at "last" transaction on some screens, you could be out of luck. You might see .0166 as the last transaction, and then try to buy shares at .0166. But if NITE is at the front of the line at that moment, he won't sell you his stock for .0166-he will only sell it at .0177. Hency the jockeying all day.
It is said that the larger the spread, the goofier the stock (the lower the general interest in it). Sometimes people get excited when they see a really high ask (the price being offered by a market maker like NITE to anyone wanting to buy stock.) But if most of the market makers have asks at say .1 and most of them also have the bid (what they offer for those who want to sell) at .05, what they're really saying is, interest in this stock is so low, or trading so thinly, that they won't take the risk of taking on that stock without an outrageous markup.
Right now I see bid at .0165 and ask at .0168, a pretty nicely thin spread for a pinky, though on busy days it's often tighter than that.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
I just spoke with Judy at PLNI HQ..... the meeting is over and she just spoke with Jim...
My first question was if a transcrpit would be available,and she told me that it there was one, it would come from Wall Street Reporter...
Then she immediately went on to tell me that she has NEVER heard Jim so excited. They were VERY well received and were invited to speak at another investors meeting (out of country somewhere)....
She said that Jim and Bill are there together and we should get a PR VERY SOON with an update as to how it went, but she said that Jim told here over and over how great it went!
I asked if the audit details were provided to the convention, because if it was, then they would all be insiders now... and she laughed and told me that she didn't know exactly what they were presenting!
I asked if the Semco deal was finalized and she told me that someone from PLNI is at the Semco shop getting training this week... which I found interesting. I followed up by asking if the Semco HQ would be consolidated into the KY office... she honestly did not know!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
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posted
My best guess is we will have a nice PR in the AM, on Thurs.
-------------------- The fastest way to make a Small Fortune in the stock market......START with a LARGE FORTUNE... Posts: 20 | From: HONOLULU | Registered: Apr 2005
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posted
I also asked when Jim was returning... and Judy told me tomorrow morning return flight.. and she expected him back in the office in the afternoon!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
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posted
thank you...! I got it...I guess I was just frustrated how they were able to dominate the game...but if they are the prime MM on any one stock..they seem to be pretty much in control..thank you again!
Posts: 218 | From: Grungteb | Registered: Nov 2004
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posted
I just sent an email to Bill Howe.... Judy told me that he responds very quickly to email.... He may have a BlackBerry!
I will post his reponse when I receive it!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
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quote:Originally posted by FatherOfTwo: I just spoke with Judy at PLNI HQ..... the meeting is over and she just spoke with Jim...
My first question was if a transcrpit would be available,and she told me that it there was one, it would come from Wall Street Reporter...
Then she immediately went on to tell me that she has NEVER heard Jim so excited. They were VERY well received and were invited to speak at another investors meeting (out of country somewhere)....
She said that Jim and Bill are there together and we should get a PR VERY SOON with an update as to how it went, but she said that Jim told here over and over how great it went!
I asked if the audit details were provided to the convention, because if it was, then they would all be insiders now... and she laughed and told me that she didn't know exactly what they were presenting!
I asked if the Semco deal was finalized and she told me that someone from PLNI is at the Semco shop getting training this week... which I found interesting. I followed up by asking if the Semco HQ would be consolidated into the KY office... she honestly did not know!
Well boys and girls that must have been some meeting because when I spoke with Judy yesterday she told me that Jim and his wife was taking some time off after the meeting and he wouldnt be back in until Monday to do my quote for me but she has my name and number on her lamp:: so thats a very good sign. Second, the person that is going to Semco to get trained is Jimmy jr. and they are very excited about that! Shouldnt be long now til were all on the way to plastic land!
BTW: anybody that thinks I'm full of it feel free to PM me and I will give you Judys number and my name and you can call her and tell her I told you to call and I'm sure she will verify I have been on the phone with her many times AND yesterday.
Posts: 952 | From: OH | Registered: Apr 2005
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quote:Originally posted by kanalgeruch: thank you...! I got it...I guess I was just frustrated how they were able to dominate the game...but if they are the prime MM on any one stock..they seem to be pretty much in control..thank you again!
Thats the reason they are working SO HARD to get off the pinks so that they will have better control over the manipulation and go after the ones doing it.
Posts: 952 | From: OH | Registered: Apr 2005
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posted
Interesting report from someone at the Conf... From the IHUB board:
Posted by: pennydreams In reply to: vanbookie who wrote msg# 877 Date:6/15/2005 4:22:08 PM Post #of 881
Yes...I attended and spoke with Jim Turek and Bill Howe for about an hour after their presentation. I have a lot to digest, it's all positive. The numbers won't be out for a few weeks. The auditor working on the numbers got married (which he is allowed to do) and went on a three week honeymoon to the Philipines but neglected to inform Jim Turek that the numbers would not be ready prior to his departure. JIm is very angry and looking for a firm to pick up the project ASAP and have the numbers out in a few weeks. That was the only negative.
I plan to review a lot of materials, speak to Bill Howe again on Friday and then post some information for all to review by the weekend.
It looks like we have a real winner here. We need to be patient and properly manage our expectations.
The company is profitable. It will be incrementally more profitable with the acquisition of SEMCO. I want to use the numbers I have and try to lay out some reasonable expectations for us over the next 12-18 months.
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
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posted
This would explain why we did not get the audit completion PR!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
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quote:Originally posted by kanalgeruch: thank you...! I got it...I guess I was just frustrated how they were able to dominate the game...but if they are the prime MM on any one stock..they seem to be pretty much in control..thank you again!
Thats the reason they are working SO HARD to get off the pinks so that they will have better control over the manipulation and go after the ones doing it.
clb, As I understand it, this is not limited to pinkys, but is aslo widespread in the otcbb as well, and even some in the nasdaq too. Plasticon needs to pay close attention to their stock activity and pursue legal action if it is being manipulated under fraudulent pretenses.
Hopefully we here some great news regarding the conference, and audit soon. Thanks for the info FOT, sounds positive.
Posts: 123 | Registered: Apr 2005
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quote:Originally posted by Chopper: Indeed! Good News just the same FOT. Now Hire someone Quick and get the audit DONE!
Hey Chop...FOT...
I don't think that talking about their financials is any problem. I think general statements like " We forsee sales of $$$$$ in the upcoming six months" is a problem...or "We anticipate additional purchase/mergers of companies in the next 12 months" ...Or even some specific numbers in terms of profits, sales, expenses...or profit margins...
I think the only way that there even might be a problem is if an audit is completed or near completion and they give out the line by line details of the audit. I would not spend a lot of energy worrying about them saying something out of line...Also, remember it is still a pink...
Good luck everyone...
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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posted
He's baaaaackk. ch ch ch..ha ha ha. is Freddy, oh oh oh Jason, nah, gotta be Mikey Meyers, no wait!! can it be, it is!!!Alex Kanakaris from WFTV!!!!!!!!!!!!!!!!!!
Sarge, I thought you were on R&R in Hazard County or somethin..
Posts: 460 | From: NC | Registered: May 2005
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posted
No Im here enjoying the show. You know this kind of comedy they should charge for.
Posts: 396 | From: Blue Springs MO USA | Registered: Oct 2004
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quote:Originally posted by FatherOfTwo: I also asked when Jim was returning... and Judy told me tomorrow morning return flight.. and she expected him back in the office in the afternoon!
Any posts claiming to have direct contact with company officials can be SEC violations. I know the PUMP is on but lets keep it legal here
Posts: 396 | From: Blue Springs MO USA | Registered: Oct 2004
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quote:Originally posted by Chopper: Still a great buy. I'm looking for a huge PR Tomorrow Early, as the conferance starts at 7:30 am. It may be a wild ride throughout the day.
GTLA
PLNI - PLASTICON INTL INC (OTC) Date Open High Low Last Change Volume % Change 06/14/05 0.0165 0.0174 0.0160 0.0171 +0.0011 27983566 +6.87%
Composite Indicator -- Signal -- -- Strength -- -- Direction -- Trend Spotter (TM) Buy Maximum Strongest
Short Term Indicators 7 Day Average Directional Indicator Buy Minimum Strongest 10 - 8 Day Moving Average Hilo Channel Hold Bullish 20 Day Moving Average vs Price Buy Weak Strongest 20 - 50 Day MACD Oscillator Buy Maximum Strongest 20 Day Bollinger Bands Hold Bullish
Short Term Indicators Average: 60% - Buy
Medium Term Indicators 40 Day Commodity Channel Index Hold Bullish 50 Day Moving Average vs Price Buy Strong Strongest 20 - 100 Day MACD Oscillator Buy Maximum Strongest 50 Day Parabolic Time/Price Buy Strong Strongest
Medium Term Indicators Average: 75% - Buy
Long Term Indicators 60 Day Commodity Channel Index Buy Minimum Strongest 100 Day Moving Average vs Price Buy Maximum Strongest 50 - 100 Day MACD Oscillator Buy Maximum Strongest
Long Term Indicators Average: 100% - Buy
Overall Average: 80% - Buy
Wow looks like the charts had it ALL wrong today.
Posts: 396 | From: Blue Springs MO USA | Registered: Oct 2004
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