posted
Unbelievable, I just got back to my computer and this is like getting kicked in the face. Well since there is only 51 mil volume we know capt didnt get out.
Posts: 720 | Registered: May 2004
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posted
this is dead no matter how you slice it, this will probably drop to 0003 friday maybe 0002, traders unaware of the split may prop it up early in the day thinking they are getting a bargain, then down she goes, unless the R/S takes affect tomarrow the opening price after the split will likely be .04 - .06, whithin a week or two it will be back under a penny if that long! the only possible way to make a split like this work would be to reduce the authorized by at least 80 to 90 percent along with the split, all things considered how likely is that!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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quote:Originally posted by JIF: Well, if you had a million shares before at .0005, then you now have 5000 shares at .1.
It's the same value. The only problem is that .1 is a lot higher and has a lot of room to fall again.
I have been trading penny stocks since March 2005 and thanks to HISC I'm way in the GREEN. New mustang and house down payment.
But what I have seen from R/S in most stocks is that within 3 days ir drops about 50% of the new price. So be careful, I might be wrong but WFTV doesn't have the product to support above .005.
If you didn't know of the R/S wher would you put your money.
WFTV at .10 or PLNI at .015 ???
Right now the sure investment can be HISC (even though it's trying to find it's new level)
NWPO if the right PR news come out in the next 10 days, it can be a triple from where it is right, and if all the PRs and deals that are rumored it can be a long term stock to have.
Good luck to all.
Posts: 2362 | From: BEENEVERYWHERE | Registered: Mar 2005
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posted
How is this going to effect the MM's that are short this. Thinking they would try and get a run out of it right before or after to cover.
Posts: 52 | From: Canyon Lake Tx | Registered: Feb 2005
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posted
market makers have known about this for days, that explains the large bid / ask lots we have seen over the past few days, they dumped what they could and will cotinue until the split takes affect, they may try to push 0006 but i doubt they will have many takers, i think we will see 0003 before noon tomarrow, alex can release any pr he wants, current traders wont be suckered again!, then again he may try to scam a whole new set of suckers! but not me! ( sad to say, but, yes i was suckered! )
Posts: 2503 | From: connecticut | Registered: Mar 2005
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posted
man im pissed and i dont even own anymore of this, pissed for all you people who are losing their money. Alex you have to be one hella of a CON ARTIST
-------------------- Sometimes I just want a NORMAL life? Posts: 652 | From: 90210 | Registered: May 2005
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quote:Originally posted by JIF: Well, if you had a million shares before at .0005, then you now have 5000 shares at .1.
It's the same value. The only problem is that .1 is a lot higher and has a lot of room to fall again.
I have been trading penny stocks since March 2005 and thanks to HISC I'm way in the GREEN. New mustang and house down payment.
But what I have seen from R/S in most stocks is that within 3 days ir drops about 50% of the new price. So be careful, I might be wrong but WFTV doesn't have the product to support above .005.
If you didn't know of the R/S wher would you put your money.
WFTV at .10 or PLNI at .015 ???
Right now the sure investment can be HISC (even though it's trying to find it's new level)
NWPO if the right PR news come out in the next 10 days, it can be a triple from where it is right, and if all the PRs and deals that are rumored it can be a long term stock to have.
Good luck to all.
I think you should not be giving people something else to get into. WFTV is a lesson. Long term investments do not work. A r/s will always come and diliuation is the first step. NWPO just popped up on the radar so she is the only one I am watching. I suggest everyone in here trading with less then 5k start learning how to daytrade. There is no way to make more money then daytrading. The time you wait for your company to pop there is a company moving in OTC in which you can make 10%-150% profit in a day. Long-term holding put to much stress and at the end of the day you would wish you never did. Case in point with WFTV. What do the charts say now on WFTV????
quote:Originally posted by madmoney: market makers have known about this for days, that explains the large bid / ask lots we have seen over the past few days, they dumped what they could and will cotinue until the split takes affect, they may try to push 0006 but i doubt they will have many takers, i think we will see 0003 before noon tomarrow, alex can release any pr he wants, current traders wont be suckered again!, then again he may try to scam a whole new set of suckers! but not me! ( sad to say, but, yes i was suckered! )
Your incorrect in your statement. If MM 's knew a r/s was going to come they would allow the stock to run. Think about the logic. They could sell there shares for higher prices and get rid of there shares before the R/S MM only dump shares on the ASK and there has not been alot of buying as of late. DOMS was the main MM that was shorting the stock but now all the blame is on ALEX.
posted
lol, you always screw up da math...but--the new call was brilliant, just what we want here, a nice climber with decent DD.
hey, you know what else you could do? Explain that whole thing with DOMS/wftv again. I know I saw that somewhere...now, don't get all excited...just lay it out in simple terms...
posted
once it does a r/s I fear for those that stay that it can loose another 50%. I can be wrong, but look at the product more than anything,would people buy.
Invest on stocks that make products that people will need and want, but more on what people will need.
does WFTV has that need or want?
Posts: 2362 | From: BEENEVERYWHERE | Registered: Mar 2005
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quote:Originally posted by pensandoenti67: once it does a r/s I fear for those that stay that it can loose another 50%. I can be wrong, but look at the product more than anything,would people buy.
Invest on stocks that make products that people will need and want, but more on what people will need.
does WFTV has that need or want?
yup, artificial price support...more room to go down
posted
Wouldn't be good if someone will explain what is the best thing to do for people still having shares from WFTV. What will happen tomorrow morning... regular day or what ??? Please post easy explanations of what's happening here... Thanks in advance.
Posts: 108 | From: Montreal, Quebec, Canada | Registered: Jun 2005
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posted
When this 1-200 is taking effect and the change of name from WFTV to WTVN. Are we gonna be able tomorrow morning to sell our millions of share at 0.0005 for example....
Posts: 108 | From: Montreal, Quebec, Canada | Registered: Jun 2005
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posted
I dont know when the RS is taking affect , as i dont own any shares, if it doesnt take affect tomorrow then yes tomorrow will be a normal trading day, the only problem is everyone will trying to sell which will drive the price down
-------------------- Sometimes I just want a NORMAL life? Posts: 652 | From: 90210 | Registered: May 2005
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posted
Yes it is in fact tomorrow July 22nd.... that's why I'm asking the question again... will that mean that 1-200 is taking effect tomorrow morning at the opening or are we able to sell our current shares like a normal day and trying to get rid of them at 0.0005 ?
Posts: 108 | From: Montreal, Quebec, Canada | Registered: Jun 2005
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quote:Originally posted by DVDTekno: Yes it is in fact tomorrow July 22nd.... that's why I'm asking the question again... will that mean that 1-200 is taking effect tomorrow morning at the opening or are we able to sell our current shares like a normal day and trying to get rid of them at 0.0005 ?
posted
cant believe the ceo would so something this crooked, especially after pumping this stock. doesnt get any lower than that. i hope know one here was too deep in WFTV shares.
Posts: 824 | Registered: Oct 2004
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posted
as far I as know, Magnetic posted it only this afternoon--usually, he's right on top of filings. Which means 10 days lead time...but, hey, I haven't checked it
posted
The R/S should occur tomorrow morning 07/22/05 & the symbol will be WTVN. If you are still holding you may not have the shares converted yet by your broker so you will not be able to sell until the new shares show up in your account. R/S are usually bad when it comes to these sub pennies. The price closed @ .0005 so the open price will be .0005 X 200 = .10 but the MM's will most likely line up below that price waiting for sells at say a bid of .05; you might see a small bounce or news which will raise the PPS temporarily but ultimately the PPS usually goes back down. GLTA it's a shame that this happened but try to move on. -MAG
-------------------- ^..^ Posts: 3897 | From: New York | Registered: Jan 2004
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quote:Originally posted by roadrunnerv8383: cant believe the ceo would so something this crooked, especially after pumping this stock. doesnt get any lower than that. i hope know one here was too deep in WFTV shares.
o, my--you have some unusually rich reading ahead of you in the gvrp thread...these mf'ers can basically get away with murder...
quote:Originally posted by *Magnetic*Microspheres*: The R/S should occur tomorrow morning 07/22/05 & the symbol will be WTVN. If you are still holding you may not have the shares converted yet by your broker so you will not be able to sell until the new shares show up in your account. R/S are usually bad when it comes to these sub pennies. The price closed @ .0005 so the open price will be .0005 X 200 = .10 but the MM's will most likely line up below that price waiting for sells at say a bid of .05; you might see a small bounce or news which will raise the PPS temporarily but ultimately the PPS usually goes back down. GLTA it's a shame that this happened but try to move on. -MAG
Mag, you know i trust you, but can you please post the link to r/s filing page--I'd like to read the dates, and the link I have is not working...thanks