MACD has crossed and is going positive RSI heading up DMI lines coming together and preparing for a green over red cross.
-------------------- 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
| IP: Logged |
posted
I have followed this thread all day and did not invest. Here are my reasons why and it's not just the bid and ask!
The number one reason I chose to take the side lines is!
The stock has had no volume and the only reason it had any today is because FOT presented it. Good or bad that is a fact, and I'm not bashing FOT's DD as I think he has done a fine job in that area here.
The reverse split is the second reason, and the reasoning there is that there is a strong chance that if I wanted to invest here that I could get in at bigger discount the day of or the day before the R/S happens due to panic last minute selling and there is also a great chance of getting an even bigger discount in the days after the R/S when volume is low and the spread is greater than it is now putting pressure on short term traders to give it up at a discount!
The last reason i stayed out is that the NHL is just coming out of a long term strike and the Fans are pissed and the season ticket sales are expected to be low this year as a result. Only time will bring back the faith in the teams and the fans. I would think that they would even concider delaying the start of this new league for an extra year, when hopefully the demand for tickets has returned.
Just my 2 cents, and Im not saying its a bad stock just that i feel the timing is a bit early, but if the volume goes through the roof and I don't mean just from the 20 or so buyers following FOT's picks then I may change my mind on the timing.
GLTA Rick
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
| IP: Logged |
posted
ric... great synopsis.. and I can respect your reasoning and opinion.
However.. your statement of the R/S is not exactly true.
The way I understand the buyout, is that every share of GRDX that I hold now, I will still hold on to after the WHA takes over. The dividend is one share of the Marinas International for every 10 of GRDX that I hold. This is a DIVIDEND. I still am trying to estimate the value of Marinas International and am waiting on a call back from the person listed on thier PR's.
-------------------- 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
| IP: Logged |
posted
Ok FOT I'll buy that senario, but it does not change my feeling, because the 10 shares will still be of an empty shell, which will still leave only one share with any asset value. It still sounds like a very long term hold to realize any sustainable value backed by numbers and real assets that will take time to build. The addvertizing, leasing and hiring costs in the first few years will eat up profits fast. It's also still a pink and we all know there is no long in pinks land, there are way to many twists and turns that can happen without the shareholders seeing or knowing about them. I assume it has a short term pop in it now though. Fact is I really like time to watch a stock prior to buying, so that I can get a feel for how it moves and how buying or selling pressure effects the stock, so I will be watching for now. I will suggest that people take profits along the way here though due to the amount of risk factor in the play. After all that is what we are all here for!
Once again Good luck! Rick
PS: a good chart to look at when looking for the path this stock could take is, WGFL because its the same league spin type of play just with golf and i have followed that stock for over a year now.
[ August 30, 2005, 23:30: Message edited by: rickpic ]
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
| IP: Logged |
posted
That is true for all penny stocks rick. They are all RISK. Buying low and taking profits, you are correct. This is penny land...I'd like to see one penny that is not a risk.
No guts no glory. I'm glad i'm in. Good luck Rick and all.
-------------------- Lil,
Dont LOSE more than you can afford to invest....LOL
I'm buying low and selling into the run... Posts: 8024 | From: Joisey....see attitude above | Registered: Jan 2004
| IP: Logged |
posted
I'm really looking for a pick with a service like Service Master and thats based in the SE, or a demo company down there, because my feeling is that all of the flooded homes in The huricane area will need to be taken down or at minimum will need major water damage restoration. As a contractor I understand the damage that is continueing to deteriorate the building that are under water. I saw a strong recomendation for Sherwin Williams based or the restoration factor today, but that would be a further reaching investment. FOT find a nitch OTCBB company that is large enough to handle the demo or rehab on a FEMA level and you will have an ace I'm ready to chase!
Rick
Produces list! Lumber Sheetrock******* Plaster******* Carpet************* Wood Moldings************** Doors************ Plywood********************* Container placement company************* waste removal (by weight and its all wet)******** Hazardous haste removal************ Home inspections********************* and the list goes on. Its sad but the work will need to be done and some smaller nitch companies are in for the year of there life down there! this is not just a rebuild situation. The extent of the rehabs will be much further reaching. and the list goes on!
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
| IP: Logged |
(Rick, will join you on a thread focused on storm repair. There's a couple--pick one and I'm there...)
great suggestion, imo, to compare-n-contrast the golf-league stock. Got a buddy here who helped start a wooden-bat league for collegiate baseballers with pro asspirations...assume most start-up athletic leagues have similar ups-n-downs...
posted
IDK if any of yall have been doing DD on this and might have come across info but a few q's:
So there dividend date is still waiting to be annouced as I understand? Time-line? 1 per (10) shares of GRDX Obviously its hard to tell without any figures or reports but any ideas of what price the dividend will be around?
-------------------- Wide diversification is only required when investors do not understand what they are doing W.Buffet Posts: 565 | From: War Eagle | Registered: Jun 2005
| IP: Logged |
check out PEC. they are electrical contractors that do power lines, fiber optic, etc... their coverage is basically the track that the storm took.
Posts: 145 | From: New York City | Registered: May 2004
| IP: Logged |
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
| IP: Logged |
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
| IP: Logged |
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
| IP: Logged |
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
| IP: Logged |
-------------------- 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
| IP: Logged |
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
| IP: Logged |
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
| IP: Logged |
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
| IP: Logged |
volume just dropped back by about 500K shares traded! It was around 1.4 mill and is now 900k....
They are trading between themselves!
-------------------- 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
| IP: Logged |
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
| IP: Logged |
posted
my suggestion is to forget about this one for a while, I have to, lol, too many others to watch and some weird stuff going on with IGTN, see you all at .05
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
| IP: Logged |
posted
yeah looks like this will be a waiting game...unless it starts tanking fast i'm just gonna sit on it for a while
Posts: 289 | From: Atlanta | Registered: Jul 2005
| IP: Logged |
posted
i dont have much in it, 2% of pfolio, if you can afford to just look away, better days ahead
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
| IP: Logged |
posted
youuuuchhh!!! this is down 40% and icmh is up a point... who knew? anybody try an order @ 6?
Posts: 565 | From: War Eagle | Registered: Jun 2005
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Big Grin]](biggrin.gif)
