posted
Where is Balder... did he ever buy back in????
I bet he wishes he still had his 40 mill shares now!
-------------------- 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
B efore I was quick to judge. A gainst the increase in shares, G ains to be had.
H ope all in make $'s. O r at L east D epart E ven, R ock on! S alute
Chart looks great, but I think the backside of that last run in mid November probably ran off even the biggest of pumpers and dumpers. If the company is so great why would they even need to increase their a/s?
[ January 04, 2006, 19:37: Message edited by: Highwaychild ]
Posts: 2634 | From: The highway | Registered: Feb 2004
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posted
Fo2, ....Based on today's action, can you imagine what this puppy is going to do upon the revelation of an SEC filing - or some Heavy-Duty News.........
posted
Hey Buy... I think everyone's pals when a stock is moving up...IMO Making money creates friendships here in pennyland...Looking for a good day today...GLTA
quote:Originally posted by BuyTex: lol, am I missing something? Hollen, you post as though you and Jeff (FoT) are pals....
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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posted
Bid building pre-market...May gap again...still 20 mins till open...no news...
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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posted
I keep hearing {The Jeffersons} theme song in the back of my head.[Well we're movin on up] Of coarse my head is pretty empty most of the time. Go PLNI!
-------------------- It's only money..We'll make more tomorrow! Posts: 788 | From: Tx. | Registered: Jun 2005
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posted
I called Bill Howe this morning to confirm the PR rumors going round.
He first started by telling me sharply to go and read the PR's as all the information was in there, but he lightened up after a few minutes.
He was very careful with his words, but did indicate that there "would be news coming next week".... he mentioned the audit specifically, and that they are in a quite period before they release it. He also made mention that after their big PR's in the next couple weeks, they will be hosting webcasts, attending conferences, and some other events which will all be PR'd as well..... they have alot of info ready to be released, and the investors will get alot more information shortly.
FWIW, I was happy with the response that I received. In due time, we will get the info we are looking for!
-------------------- 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
FWIW, todays drop is pps filled the gap created 2 days ago.
As with all pinkies.. the gaps ALWAYS fill!
I see a day or two of sideways trading indicative of accumulation, leading up to the next PR! Then she will run big on the news (up to .015) with a big selloff caused by profit takers!
-------------------- 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:He was very careful with his words, but did indicate that there "would be news coming next week".... he mentioned the audit specifically, and that they are in a quite period before they release it.
If there is a quiet period linked to an audit filing, according to Rodney at Big Apple this would be purely at the option of Plasticon. I specifically asked two weeks ago if the lack of PRs was due to an SEC-related quiet period, and he emphatically said no, and that except for an IPO he was unaware of any reason a company can't keep putting out statements. He mentioned another company (IIRC another Big Apple client he didn't want to identify) that had recently filed for uplisting and had put out numerous statements while waiting for approval.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
A quiet period before releasing major news does not have to be SEC-related. It can also be ordered by the board of directors if they have any reason to believe that harm could be done by releasing partial info instead of waiting for everything to be 100% confirmed. IMO, we should all take a deep breath. Things are happening as they are supposed to, but some things are taking longer than anticipated. I think next year at this time we will all be looking back and laughing at how silly we were to worry. Long & Strong.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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quote:Originally posted by FatherOfTwo: I called Bill Howe this morning to confirm the PR rumors going round.
He was very careful with his words, but did indicate that there "would be news coming next week".... he mentioned the audit specifically, and that they are in a quite period before they release it. He also made mention that after their big PR's in the next couple weeks, they will be hosting webcasts, attending conferences, and some other events which will all be PR'd as well..... they have alot of info ready to be released, and the investors will get alot more information shortly.
FWIW, I was happy with the response that I received. In due time, we will get the info we are looking for!
I new he could say that there "would be news coming next week", but when he "mentioned the audit specifically", I thought that was insider trading?
quote:Originally posted by FatherOfTwo: FWIW, todays drop is pps filled the gap created 2 days ago.
As with all pinkies.. the gaps ALWAYS fill!
I see a day or two of sideways trading indicative of accumulation, leading up to the next PR! Then she will run big on the news (up to .015) with a big selloff caused by profit takers!
better hope that audit does come on time now or sideways it won't be a trading.
I just see all this extra volume since the increaseed a/s, and how hard it had to work for it's gain. Why whould he increase the a/s if they were just going to buy back? And pr,pr,pr about the same old things?
Posts: 2634 | From: The highway | Registered: Feb 2004
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posted
Really Good reading from the Rb and ihub boards.
If you can... watch this presentation. It will explain the MM portion of the game in a way that is easily understood. I encourage everyone who trades stocks to watch this. It is very real and IMO proof that we have been manipulated before. No denial here. **REGARDS TO SHOWMEBILL FOR THIS FROM IHUB**
posted
MMs...ya...with a caveat: I also think peeps blame MMs as a knee-jerk reaction to what are simply lousy trades...
What I get from that presentation? It's that FTDs can originate anywhere on the broker-dealer side: MMs, brokerage, hedge funds (ie, "big" client of a brokerage)....
The common denominator? The DTCC . . . and if you'll notice, it's that DTCC "shell" that granted a pardon-in-advance for their sub-tier that actually handles the trades...in other words? MMs, hedgies, et al are simply taking advantage of what DTCC lets 'em get away with....
How many buy-ins were invoked? a tenth of one-percent, as I recall...
posted
Interesting and well-constructed presentation, especially because it distinguishes between what is known, what is controversial, and what is super-duper controversial about naked shorting/strategic failure to deliver. The author poses the question near the end, is it happening, and says, "I don't know." That is to say, he doesn't know for sure. Obviously he thinks it's a real under-the-radar possibility, otherwise he wouldn't have put this presentation together.
Part 2, apparently to come, will sketch out the scary scenario if it is happening on a large scale.
As far as applying this to PLNI is concerned, Occam's Razor rules the day (as I think cold once said). What's more likely--that PLNI is the victim of a naked shorting scheme, or that repeated failures to keep promises combined with major company-created dilution shook investor confidence? You know what my answer is. I guess it's possible shady characters are naked shorting the stock in addition to the company's own dilution, hiding in the noise of the company-created extra shares, but the root cause would be the company's own action. Sort of like getting punched in the nose by a stranger after you've driven an ice pick into your own head.
If there were a company humming along in some kind of stable, ongoing business cycle AND the stock price kept falling, then you'd have a good candidate for this theory. Unfortunately we don't have that situation here.
Hoping for a good run next week if tales about substantive PRs bear out.
Interesting link, thanks.
Posts: 610 | From: DC Metro area | Registered: Jun 2005
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posted
Great links Chopper, thanks for the posts! Can't say I've gone through all the formulas yet(reminds me too much of my college dissertation days...ughh), but the mechanications are well laid out for anyone with the time to work through them.
I liken this to the theory of life in the universe. They laid out the case for deviations to the norm, and given the large numbers involved its pretty compelling to say illegal naked shorting (and life) can and does occur.
Is that what we're seeing here in PLNI? Well, I'm with State and you also know where that is. My opinion is evolving regarding another aspect though. Will this stock become the victim of an NSS raid in the future? At one time I did not think it at all likely because the company looked too viable. That was before I read about the company shares pledged to cover thier bankrupcy costs which I mistakenly had believed(from other posts) had been discharged, and the huge writ of garnishment that bluelinx has against the company. An unscrupulous type may see opportunity there. If it appears that the only way Plasticon can raise needed funds is through treasure stock sales then a short seller could be tempted to front run the company. It must be tempting to see VFIN selling so many millions each day with no indication from the company when this will end. I haven't seen any obvious or sizable frontrunning in the L2s so far, but keeping an eye open.
We should also watch the REG SHO list. We're not on it now, but if someone does start shorting this illegally that could be the first indication.
Also watch how a single seller behaves. IMO, VFINs actions have been totally consistent with someone trying to sell as much as possible, as high as possible, without creating a selling panic. They support the bid at times to build buying pressure, fade when net sellers show up, and don't pound the stock when there's no interest. An illegal shorter trying to create a death spiral would drive the stock lower on low volume days and cap it on big news days to prevent momentum buying. Haven't seen that yet.
Now that this run appears to have run its course, does that mean we get round two next week? A PR, another run, VFIN sells more along with the swing traders, then wait a few days for the cycle to start over again? Swinging seems to be the most profitable game for those of us who don't short it. Hopefully that's all of us ;-)
-------------------- Logic can protect you from the hazards of faith, hope and trust. Posts: 382 | From: California | Registered: May 2005
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posted
Stock... I agree ...Swing Trading is the game...just be careful to not get caught with you pants down...Take modest profits...Sell as the PPS starts to drop and buy back in before it bottoms...Don't get greedy...
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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Bob o' Brian's contribution to fight NSS & corrupted MM's.
Securities fraud is a felonious crime that can get you prison time and fines. Here are some of the ways a broker or investment firm can commit fraud?
Insider trading Market manipulation Providing false information Lying to auditors Unauthorized trading Broker embezzlement Providing false info.
And there's yet another connection to PLNI and CMKX,lol. Your link had another link, to faulk ingtruth.com. I tell you the similarities are bountiful.
Posts: 2634 | From: The highway | Registered: Feb 2004
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posted
Ric (here from Allstocks), has pointed out time and time again how the companies camps that are claiming NSS, are the companies with the astronomical available shares.
Posts: 2634 | From: The highway | Registered: Feb 2004
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Gr e e n B a r on January Effect Stocks Begin to Take Off … Watch Out for More Huge Moves! Plasticon Intl. (PK: PLNI) – PLNI started its climb higher the day we chose it as one of our January Effect stock picks. PLNI rallied to hit a high of .0083 per share on Wednesday, January 4 on record volume of over 250 million shares traded. The move from .0039 per share to .0083 per share was over 112%. PLNI closed the week at .0056 per share, still over 43% above our pick price.
We acknowledge Plasticon was way oversold at year end, and the stock had behaved poorly over the past several months. However, we continue to believe Plasticon will complete its audit soon and will up list quickly to The Bulletin Board. It is very difficult to predict the completion of a Pink Sheet audit, and PLNI has missed more than its share of deadlines. Regardless, we believe Plasticon has a tremendous business plan, and could generate eye popping revenues from the sale of plastic rebar supports. PLNI should also begin to see significant new product sales from its recent purchase of Semco.
Note: Plasticon CEO Jim Turek and Senior Consultant Bill Howe have agreed to conduct a Green Baron CEO Webcast following the announcement that the audit has been completed. We hope and expect that this interview will be available well before the end of January.
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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