quote:Originally posted by aBirdsOfFire: If I were you, I would get out as soon as possible. Oil and gold is the best stocks at this time. Take a look at AZCO mining for gold.
Agreed. I am surprised and baffled why anyone is still holding this, its not done bleeding. You just found out your .009 was worth about a third, dont keep holding it.
-------------------- Well done is better than well said. Ben Franklin Posts: 718 | From: Bay Area, CA | Registered: Aug 2005
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quote:Originally posted by aBirdsOfFire: If I were you, I would get out as soon as possible. Oil and gold is the best stocks at this time. Take a look at AZCO mining for gold.
Agreed. I am surprised and baffled why anyone is still holding this, its not done bleeding. You just found out your .009 was worth about a third, dont keep holding it.
I will tell you why because I am down to much just as it is, why sell now there is hardly anything left. I am locked in and can only hope for a miracle one day. So the soap opera continues.
-------------------- My post is not a sell, buy or hold recommendation. Posts: 279 | Registered: Nov 2005
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If it went to .004, holding at .007 is losing half your money again. Where as you can sell now and rebuy in a few weeks and double your money back before recovering from .007. I haven't been following everything as much as I was before but there'll probably be something in late February to early March that'll make it explode again.
You guys lost money here, I lost some in google. They didn't make it. Only difference is google is reocvering fast. Who knows if GZFX will but if they do it'll be worth it to the guys that sold already and buy in towards the bottom. I wouldn't expect many numbers to hit .005 but if you set your limit for that, you're golden if it hits.
-------------------- This is some pretty gay Mc. Bestiality. Posts: 948 | From: Boston, MA | Registered: Oct 2005
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So many people are pissed off on other boards because they are in the red and locked in now. No one will trust this company because they are doing things very sneaky. I think we should all sue them and try to get our money back. Anyone know of a good law firm? Read what I pulled from Ameritrade below:
Fraud - OTCBB securities are frequent targets of fraud or market manipulation. Not only because of their generally low price, but also because the OTCBB reporting requirements for these securities are less stringent than for listed or NASDAQ traded securities, and no exchange requirements are imposed. Dealers may dominate the market and set prices that are not based on competitive forces. Individuals or groups may create fraudulent markets and control the sudden, sharp increase of price and trading volume and the equally sudden collapse of the market price for a security. You should carefully review all of the information regarding the company you intend to invest in, prior to trading in OTCBB securities, or any other investment.
Please report any suspected occurrences of fraud to your state securities administrator, the NASD or the SEC.
WE SHOULD ALL CALL THE SEC BECAUSE THINGS ARE NOT RIGHT HERE.
Posts: 279 | Registered: Nov 2005
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It went down a lot but not so much that I'd call fraud, however I would say it was quite shady for them to have released so many shares not just to employees but to everyone consulting on their behalf especially after making it clear that they were funded. I also recall how they were going to bring a new level of integrity to the OTCBB, which now sounds like a load of BS.
As far as I'm guessing we've already seen the HOD and I was even surprised to see that. I'm out, maybe for good. There is no sensible reason to think it would bounce back to a penny a day after this kind of news IMO.
-------------------- Well done is better than well said. Ben Franklin Posts: 718 | From: Bay Area, CA | Registered: Aug 2005
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People have a right to protect themselves. Be understanding for those who lost money. This is how I deal with my pain, learn, know and master your decisions. I will try to control myself.
Posts: 279 | Registered: Nov 2005
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This is such a beautiful day trade stock!! cant ask for a better day trade stock then this one! i know its sucks to losse money but guys if you can make a swing or day trade off of this i recomend it. to help get back some lost funds just make sure you dont get caught at the top!!
Posts: 1011 | From: ct | Registered: Mar 2005
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For real.. these DIPS are fantastic!! What !!??! You want to go long on a penny stock? Boy put your cash away and step off fooo
Posts: 202 | Registered: Nov 2005
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It hasn't dipped quite low wnough for me to jump onbaord again yet. I am looking to get in at the low $.60's tomm, then I think it is a safe bet to load up on some.
I can remember a guy on here who had some insider trading knowledge who was talking in here about a week ago... According to him we will get our AAFES news on Feb 6th, I hope he is right.
And who is sitting on this for months? You just don't do that with a Sub Penny stock, even with a penny stock; the longest you might sit on it is about a week, or your gonna get burned. That is just the nature of the beast...
-------------------- All you need in this life is Ignorance and confidence; then success is sure. Mark Twain Posts: 517 | From: Philadelphia PA | Registered: Oct 2005
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Well back when the original announcement of the Circuit City deal happened I sat on it for a month and it climbed like crazy in November. So you can't say for only a week, it can be longer. But it's dumb to hold when you actually have profits. When i saw my +$25,000 back in mid Nov I shoulda sold but I had my head up my ass thinking it was unstoppable like google was when it started. So did everyone else.
I did sell for some profit and got back in at the right time but that last drop hurt since I bought more shares when the good news before the bad news came out. Nothing would sell until .0125. Yeah that sucked. My profits and losses collided and I ended up at a slight loss. And I had more shares then than I did the first time so it didn't help my overall.
Basic idea of the story is you should buy this crap when you think something will happen and if it happens, it explodes and you sell before all the idiots. 90% of the people that play pennies lose money. Probably more. More like 96%. Because the guys that do make the money make most of it for themselves. You have to play the game and not get stuck being a bag holder. Bag holding works only in higher up stocks that just see a bad month. When lots of people get out of a penny stock is completely crumbles. And since dillution is a huge factor in the price, it typically doesn't stay above what it started at. GZFX actually is holding their grounds but that's because they are slightly better than the average penny stock.
Enough said. The best thing said on here today was:
GZFX Down = ANGRY PEOPLE GZFX Up = HAPPY PEOPLE
and I have to add.
GZFX DOWN=HAPPY MM'S & MANIPULATORS
I'll wait and see what happens. not jumping in till the mood starts predicting high numbers again or at least goes neutral.
-------------------- This is some pretty gay Mc. Bestiality. Posts: 948 | From: Boston, MA | Registered: Oct 2005
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Dudanation... good points. Don't fall in love with a company... companiers are otc/pinks for a reason.. if it was such a slamdunk they would be on the big boards
Posts: 202 | Registered: Nov 2005
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