posted
unqt is putting it self out of business on purpose i think so it can start up again with its private shares it gave out before==it wants to get away from the naked shorting that went on
Posts: 224 | From: mass | Registered: May 2005
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posted
great job 186 more power to you, if stockster5 wants to stick his head in the sand so be it.We are only small investors but our strength will be in numbers.Have you considered aproaching allstocks to put blacklist on main header board?.It would get a lot more exposure there i think than tucked away here.If there arn't a lot of updates it will be hard to find.May the force be with you
Posts: 22 | From: georgia | Registered: Sep 2005
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posted
Thanks. I'm sure many see how invaluable this list is, like you. And you're right, penny land is no place to look the other way, because if you do you'll lose all of your money. It's easy to fall into the habit of treating the penny markets like candy stores, picking stocks whose rappers look the tastiest but whose insides will make you sick. Let's face it, we're on our own and we must look out for each other for the good of ourselves and for the good of the whole. We're not providing restrictions, but warning signals. Also, this information would not be comprehensive without everyone helping.
I would like this list to keep a low profile, although it is already on a popular board. Not that I have anything to say about it, but I don't want the list to become the rule.
I relinquish any claims to ownership of the blacklist.
On another matter: I’ll notify you here when I update the thread in which I categorize all stocks.
posted
GZFX increased its OS by nearly 200 million from Q1 to Q2, and recently registered 2.5 billion shares. Last 10Q reports 925 million OS, which is a large number.
Posts: 1468 | Registered: Jul 2005
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posted
Ex186 ... I do understand and respect your thread ideas. And I get my head up and shake off the sand long enough to read these threads, looking for unbiased information. Which is hard to come by on these boards as the nicest most congenial poster may be a paid pumper in disguise. what I have problems with is your dark side analogy. In commodities as well as stocks, the short position is a legitimate and viable play that creates liquidity in the markets. I don't think the market would function without it. Are you saying that if I read that Delphi is struggling and in trouble, and I grab a short position because it's obvious that it's in trouble and it stock has nowhere to go but down, that I am a bad guy?
explorer186 Member Member Rated: posted October 27, 2005 14:59 "For the record, I'm not an excellent trader and I have lost way more times than I have won, mainly from not caring for DD and going at it with instinct/perception. However, once I know a stock is crap I stop promoting it." If you promote a stock, then doesn't this make you a pumper? That's what some unenlightened people would think. Your most likely not, but what's posted some people will believe without question. I don't think thats what you 186, are attempting to convey, it could be easily be convoluted any way people perceive it. And Ex186, would you be so kind as to define 'shorters'. you made reference to that title a few times. Thanks.
The internet really has revolutionized how people can invest. Never before has so much data so instantly been at our fingertips. But this same incredible tech might be partly to blame for naked shorting if it exists, because so much trading can go on and not be scrutinized by the stock brokers efficiently. But I think the clearing houses and institutions that broker stock issues should be looked at closer.
S5
-------------------- Eagles may soar, but weasels don't get sucked into jet engines.... Posts: 400 | From: Jupiter, somewhere out there | Registered: Jun 2005
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posted
Traders are greedy to try and recoup losses, while at the same time, afraid of being long..
Not a healthy situation.
Shorting is very dangerous and best left in the hands of the pro's with deep pockets.
It is so easy to get a margin account now that many amatuers will get burned big time, if they begin short trading.
The IPO market seems to be the hottest scam going right now..BUT take your profits and run!
In this market you almost need to cheat to make it.
When Einstien was givin the task of trying to figure out a way to win at Roulett? He came to the conclusion *the only way to win, is to cheat*
Posts: 10729 | From: oregon | Registered: Feb 2005
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posted
stockster I'm not protesting the sometimes useful function of shorting. What I'm protesting is the abuse of the system, and what I'm encouraging is the avoidance of that abuse. I'm saying avoid the instances in which the shorters (people who short) are in control and are in the role of scammers. Those instances are stocks with humongous OS's, and massive dilution.
Simply put, I want people to stop funding scamsters and encouraging scamming behavior, thus, recking our market/economy. Of course, I want them to do that under their own will.
Posts: 1468 | Registered: Jul 2005
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posted
AMVS breaking out of the 'scam'/'blacklist' labeling imo
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound Posts: 2170 | From: Pennsylvania, USA | Registered: Mar 2004
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posted
AMVS? Didn't notice it was on the list. Inform us when it's officially clean, or any stock on the list for that matter.
Posts: 1468 | Registered: Jul 2005
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posted
sure explorer.. just check out AMVS's recent news this week, got some interesting people working with them. On watch for more news, which imo will help confirm my thinking.
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound Posts: 2170 | From: Pennsylvania, USA | Registered: Mar 2004
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posted
explorer186, i gotta admire your grit! hardly anybody spoke up when i mentioned the rolling boycott, which incidentally is doing quite well and i'll be posting more on that thread in a couple days.
i think this is a necessary and important thread. the idea of the market acting in concert on its own behalf should be our first consideration before pulling the trigger.
one point raised here is a little troubling- the notion that this is a zero-sum game. it isn't. the problem with that thinking is that it's based on an incorrect economic model: those saying that for one trader to win another must lose are viewing this as a universe comprised only of traders. the wider picture must include consumers.
EXAMPLE: Fish company A sells fish and stock. traders buy up the stock and wait. people start eating more fish because A starts advertising. the pps rises. traders sell off some of their shares to new traders, who in turn do the same as pps rises and so on. (the price gets too high and there's an F/S, no problem). so at the end of 10 years, ALL traders have made money. and the people got their fish.
on annother touchy subject (hostile reaction to the thread), i agree, truth is an absolute defense against a libel claim. but i'm no lawyer. anyhow, great thread- thanks for starting it!!! Posts: 229 | From: new mexico | Registered: Apr 2005
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posted
Glad someone sees it the same way I do podcaster. Also don't discount buybacks, and cash dividends; that's how the market grows.
On the subject of dilution:
Let's say company A has 10 OS, 5 float. That means there can be 15 shares trading on the stock market: 5 from the float + 10 legally shorted shares. Also, let's say the price per share is $1. If the company sells two more shares on the open market, the value of your shares would be diluted as thus:
new pps = $1 * 15/(15 + 2 new shares + 2 new short shares) = $0.79
Think about it: if those 15 shares represented the whole market, after the dilution each person in the market would have 21 cents less per share.
Posts: 1468 | Registered: Jul 2005
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posted
Explorer CWFG I know was mentioned but it definitely needs to be put on the list when you run it over again. I called the CEO and put the hammer on him on the phone. There is no PR anywhere that I can find that any company he has owned has ever shown a profit. All I have seen is the company going down, down, down. The same guy also owns CMSI which I think is already on the list. I hope Damian Guthrie is reading this because all of his news has only mentioned words like "We are looking into", " We are negotiating". Nothing ever solid!!!
posted
EX186 could you define 'float' as per your example...--> On the subject of dilution: Let's say company A has 10 OS, 5 float.
Thanks S5
-------------------- Eagles may soar, but weasels don't get sucked into jet engines.... Posts: 400 | From: Jupiter, somewhere out there | Registered: Jun 2005
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posted
and Ex186, if your basically saying a boatload of penny stock companies are using the same 'Wealth through stock issues and frontloading' gamebook than I would have to agree. But I think there are new techniques as we type, so it's an ongoing battle.'S5
-------------------- Eagles may soar, but weasels don't get sucked into jet engines.... Posts: 400 | From: Jupiter, somewhere out there | Registered: Jun 2005
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posted
Float is the free-trading shares on the market. Float is the amount of shares that should be on the market, but due to legal shorting that amount increases by the amount of the OS.
The conspiracy to extract wealth from the markets goes way beyond simple dilution and reverse splits. Many stocks are setup so they can be shorted to death.
Posts: 1468 | Registered: Jul 2005
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quote:Originally posted by stockster5: and Ex186, if your basically saying a boatload of penny stock companies are using the same 'Wealth through stock issues and frontloading' gamebook than I would have to agree. But I think there are new techniques as we type, so it's an ongoing battle.'S5
explorer186, hope you don't mind-- i'd like to offer the same answer in different words... S5, AS (authorized shares) is how many shares a co CAN lawfully issue (based on its board's decision, which can be increased any time by decision). OS (outstanding shares) is how many it HAS issued. FLOAT is how many shares are available for trading in the open market. a co may issue shares with various restrictions, such as but not limited to, "not tradable until on or after (date)", "tradable only above/below a certain price", etc. these restricted shares are part of the OS but not part of the float until they become tradable under the terms of the restriction. co's often use these types of restricted shares to pay vendors, employees, or to collateralize loans, etc. (man-!! loan collateralization- another wild subject)
and thanks, EX186--- i never knew that shorters could count the total OS that way-- scary. Posts: 229 | From: new mexico | Registered: Apr 2005
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posted
Thanks people. Obviously shorting stock is popular maybe because the return is immediate and collectible as opposed to long position waiting for it to be favorable to sell. I was just reading on investopedia that penny share comp's may be only allowed to issue once a year or some such. This may have parameters as to the comp profile and income.... perhaps. Wow, learn something every day.
Now if only I learned what .0001 stock was going to a buck on monday..... if I make that kind of loot, I can get the McDonald's 'premium' burgers then.
S5
-------------------- Eagles may soar, but weasels don't get sucked into jet engines.... Posts: 400 | From: Jupiter, somewhere out there | Registered: Jun 2005
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explorer186, i gotta admire your grit! hardly anybody spoke up when i mentioned the rolling boycott, which incidentally is doing quite well and i'll be posting more on that thread in a couple days.
