posted
whats happenin with the L2 now? dont mean to be a pain in the ass i gotta get me L2. anyone know where i can get it? im using scottrade but you have to have $5000 in your account to use it.
Posts: 89 | From: NEW ENGLAND | Registered: Dec 2005
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quote:Originally posted by aceyducey: whats happenin with the L2 now? dont mean to be a pain in the ass i gotta get me L2. anyone know where i can get it? im using scottrade but you have to have $5000 in your account to use it.
1 x .021 2 x .022 vol 14 mil
Posts: 462 | From: FL | Registered: Oct 2003
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posted
I am very impressed by the upward potential of GLIF. This is the worst time of the year to make a run, and it jumped up 40% twice in a day, without a pr. This is only part of the MMs' game plan -- to shake out year end tax-sellers. The MMs are not selling yet. It's a great gamble to wait for the PR. Now, you know even when to get out is a gamble.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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No kidding Jim; with my luck the second I decide to take profit this thing will skyrocket. Can't wait to see what will happen in the coming days & weeks. Ace, there was one today. I'm sure there will be one tomorrow & the next day & the next day & so on. In my opinion anything under .02 is a great entry point.
-------------------- I get lucky just like the rest of you. Posts: 143 | From: Columbus, OH | Registered: Oct 2005
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Hi, Mgordy. I believe every trade is a gamble -- like to get in or not to get in, at what level to get in. Now, to get out or not to get out, and at what pps to get out, every step is a gamble. Now I gamble on the assumption that the MMs have enough cheap shares, and we are not going to see anything under 0.02 until the whole cycle is over. This is my gamble. Every body must play their own game. I hate to see people to complain that they get out too early, or too late. Play a good game, and have fun.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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posted
It's too risky to catch a rally. A better gamble is BANY: 0.0058; bottom bounce. I played BANY and won several times. See the chart and you will like it.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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posted
Jim SC, I have some money availiable after selling GLIF. Can you give me some stocks which are good fundamentaly but have taken a beating and are at bottom. Currently I am thinking CLBE, RSHN, ARSC, EOGI. I would research BANY. Your comments are appreciated.
-------------------- Almost There.... Posts: 350 | From: Illinois | Registered: Nov 2005
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posted
Your selections look very good already. Try to study the charts and guess the bottoms, then play a bid at bottom for a few hours. In most cases, the MMs will fill them. After you get a position, try to figure out the range of the next run for that stock, in percentage, like 50, 40, or 30%. For example, BANY could run to 0.015, then set your target at 0.0146, always a few points below the top. My current picks are: BANY, GMTH, USXP -- they are all at bottom. You can find their threads on the first 2 pages of allstocks*dot*com. Timing of entry is very important, so do your DD and place your bids soon. For the purpose of practicing, I suggest that you diversify and place a small position in many stocks. Once it works, you can enlarge the positions. Don't compromise, if you miss the bottom, let it go and wait for the next cycle. Try to dance with the MMs, instead of fighting with them. Do your DD and treat each trade as a gamble. Good luck and have fun. JimSc
Posts: 3228 | From: Michigan | Registered: Aug 2005
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looking good. May have to flip after a dip on this one.....I'll be watching!
Posts: 680 | From: san francisco | Registered: Aug 2005
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looking good. May have to flip after a dip on this one.....I'll be watching!
Posts: 680 | From: san francisco | Registered: Aug 2005
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Jim, I accumulated 400k of shares at an average of .0298 and saw it down 50% until yesterday's blastoff...when I got into the GREEN I couldn't resist and dump my shares at .031 late yesterday afternoon (actually the MM's had a sense of humor as the last 200k were all executed over a 2 hour period at the ASK)....I see ARCA sitting at .022 and I have an order in at that price...still a GLIF believer, just willing to take any profit I can after being down 50% and not looking back, only forward until the next opportunity. Yesterday was a group play and now I think that's done with and will settle down until we get that next PR, which we haven't seen since Nov 8th.
-------------------- I may be wrong, but I don't think so.... Posts: 837 | From: Madison, WI | Registered: Sep 2005
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Congratulations, Bullistic for making a profitable deal. I got in at 0.020 and planned to hold it for a few months. When it hit 0.029, I almost tempted to take a profit. Then I considered what's up to the MMs and other factors: (a) this is not a good time to make a rally -- too many investors wanted to get out for tax purpose; (b) 0.03 is not a profitable level for the MMs to make short sale later -- their av cost is 0.024; (3) the pr is not out yet. My conclusion is that the MMs have changed the strategy to 2-stage rallies: the first one is for those who wanted to get out and the day traders. Yesterday's rally is very healty for GLIF. It allows the investors who got in to build confidence because the pps did not fall as last two Raalies. Most traders who got out yesterday will appreciate the value of GLIF and got back in again. I believe GLIF will have a good support at 0.025 soon. The top of next rally will be much higher. Yesterday's rally happened this way: The first few deals were made among the MMs themselves. These deals triggered some computer programs which alerted the traders and BBS, which in turn spreaded the msgs out. Pretty soon the whole trading community all knew that GLIF was on a run. This demonstrated all stock pps and all rallies are contorlled by the MMs. Yesterday's small rallu is very good for investors, too. Those who got out are winners becasue they took profits and could invest in some thing else. Those who are holding their positions will stand to win bigger profins when the second rally comes in a few weeks. It will need 3 weeks to confirm my view points. Thanks for your patience. JimSc
Posts: 3228 | From: Michigan | Registered: Aug 2005
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I got out yesterday and made $990. I plan to enter on Friday when my funds become settled. Also, JimSC, I am watching GLIF since several weeks/months. On every Friday there are 3-4 major transactions for millions of Shares below the Bid price. That causes the PPS to drive lower as MMs are grabbing cheap shares for the ongoing dilution. Even if I account dilution, GLIF is cheap at these levels. PPS will rise but before rising it will fall back to 0.016 - 0.017 range. JMHO
-------------------- Almost There.... Posts: 350 | From: Illinois | Registered: Nov 2005
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Thanks for the information, gemseeker. I will be watching the dilution problem. Do you know the size of new shares last Q. Since it can make a rally about every 6 weeks, the problem is not so serious as USXP>
Posts: 3228 | From: Michigan | Registered: Aug 2005
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I beleive that atleast 9-10 M were diluted last Friday alone due to Spiral financing problem. There were 3 transactions below the Bid price. One for approx 4M, one for 3.5M and another for 3M approx. I checked the pinksheets for the O/S count but I beleive that the O/S might be closer to 100M now. GLIF management has to vote to raising the A/S in January as the number of shares which need to be coverted for the financing (Financed for Debt conversion) will be too less. I will go through the Pinksheets website and Copy some sttements. But despite all this dilution, GLIF seems to be a good buy.
-------------------- Almost There.... Posts: 350 | From: Illinois | Registered: Nov 2005
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Thanks for the information. 55 mm shares were traded during the past 2 trading days. This is very good for the expected PR rally. If they could generate some rev in next few Qs, GLIF will be a good gamble. Right now it's just another Otc stocks.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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posted
It was a group pick... theres a ton of people in this stock who just bought in for a ride and now re trying to get out.
Posts: 1011 | From: ct | Registered: Mar 2005
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