quote:Originally posted by DQ.: Mike, I don't know. Maybe one of the more seasoned traders can say. I don't think you can know in advance. I got caught in one with what is ZNNC now. It stayed the same for a couple of days then fell to nothing. I held it for months. Two days after I finally gave up on it it started a huge run.
Isnt that how all stocks work? (they run after you sell)
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posted
Thats damn sure how I do em' I've just nearly decided to hold my positions and ride them where ever they go till they finally go up. I seem to spend most of my time dumping one to jump on another then the first one runs. Gotta stop that. My motto...buy high sell low! Thank God for PLNI.
-------------------- It's only money..We'll make more tomorrow!
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posted
That is what I don't get. Just a couple of days ago AXAI did a R/S and a symbol changed to AXIG (new symbol) and there was a nice run right before. Is that common? Could that happen here to where we can break even? Thoughts on that.
-------------------- Plan your work for today and every day, then work your plan
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posted
I am alittle confused about that too. I dont know how scottie could know about that before any filings. But at the same time I dont think Scottie just pulled the R/S out of thin air. Good luck Cobra!
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quote:Originally posted by Along4theRide: bid is @ 3 ask is @ 4
At least that is what I am seeing.
This is the case most of the time. But at least on my scottrade account I have seen bid/ask going up to 4/5 many times and each time stay there for a while.
BTW, I gave up my attempt to sell at 4, changed it to 3, and it went through immediately. Lost my commission.
-------------------- I trade stocks to earn money; I earn money to trade more stocks.
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"Grant discretionary authority to our board of directors to implement a reverse stock split of our common stock on the basis of one post-consolidation share for up to each 1,000 pre-consolidation shares to occur at some time within 12 months of the date of this information statement, with the exact time of the reverse split to be determined by the board of directors"
-------------------- It is impossible to make anything foolproof because fools are so ingenious.
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posted
going out on a limb here but, could it bethat the split is authorized but not necesarrily going to be implemented, kind of like a failsafe plan?
-------------------- I don't play well with others, and have a problem with authority. I love to see the big guy fall to the under-dog.
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posted
GMCI no immediate R/S! That filing is from 3/05! The board of directors that approved it, have all resigned! The company has new owners and will have a new board! If there was a R/S planned for tomorrow, it would be on the OTCBB Daily List from today, and it was not!
posted
I'd be interested in knowing whats making this one move. 44 mil shares traded and it didnt move much one way or the other really. Anyone know how many are floating out there??
-------------------- Bigfoot, I want to believe
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posted
I think Ill hold on to this one. I believe it just needs a little direction. As low as it is if it remotely resembles its stats of a year ago in the future we will make money.
-------------------- Bigfoot, I want to believe
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posted
I received a reply from Appleby Partners, Mr. Bingaman, the acquiring company and he said news of the merger should be out by the 15th of Sept!!! eom
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