posted
Any news on this POS. I forgot I even had shares of this thing. Any thought out there in penny land?
Posts: 1178 | From: Mobile, AL | Registered: Aug 2005
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posted
As you said a few days ago, I'm an idiot so take this for what it's worth. Click this link and read all of their 8K filings, it pretty much tells the story.
posted
Yeah, I'm still in, although I have no clue what's going on with it. I saw a thread on it not too long ago saying how great the company was & that it should be on the move again soon. I unfortunately bought in at .0009. Anyone have any info? Thanks!
Posts: 72 | From: fla | Registered: Jul 2005
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posted
GLBT is a $0.0001 stock. You should try buying in at that price, let's say 10 or 20 million shares if you can and try to sell all at $0.0002 for a nice little reward.
-------------------- "NEVER UNDERESTIMATE THE POWER OF THE U.S./CHINA CONNECTION"
posted
moneypenny..... Never say never. Penny stocks are like that. GLBT as with any other penny stock can explode in price unexpectedly. Just a matter of waiting but I expect a LONG wait for GLBT to ever go back up to $0.0009 or above. How many shares did you buy?
-------------------- "NEVER UNDERESTIMATE THE POWER OF THE U.S./CHINA CONNECTION"
posted
I only spent $100. But still, money is money. It was one of my 1st purchases last summer, along with the 'infamous' WTVN or whatever the heck it was before that. So, between GLBT, WTVN, QBID & MSSI, i've lost almost everything i've put in.
Posts: 72 | From: fla | Registered: Jul 2005
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posted
I'd like to have a conversation about this stock, while people are interested.
I don't want to misrepresent myself, so let's get this out of the way: other posts in other GLBT threads will tell you that I am in this one for a good chunk already.
Now, DWE, I really don't think you can buy at .0001, not without a great deal of patience and maybe not even then. There are way too many buyers sitting at .0001 (it's the bid right now, and it's crowded with market makers; get a quote on pink sheets dot com, where the level 2 quotes are real-time and free for GLBT). Selling at .0002 might be possible if you're willing to wait.
As for the immediate future of GLBT, well, there is a lot going on at the company that you can extract just from the filings. They appear to be cleaning up debt and restructuring. And at the current price (.0002 per share) and 8.5 billion shares, the company is valued at 1.7 million; surely just a little progress would make it look more valuable than that.
posted
Some other stocks I own valued at $0.0001 can take up to 2 to 3 weeks of waiting before the orders are executed and the same with selling. Patience is the key here. I can buy GLBT for the current price as I've done so with this company in the past and selling at $0.0002. If you got the patience to do this, then do it. But if you want money now, I'd suggest you buy some CRGO today!
-------------------- "NEVER UNDERESTIMATE THE POWER OF THE U.S./CHINA CONNECTION"
posted
Interesting. I believe people could/did buy GLBT at .0001 in the not-so-distant past. Still, I think it's unlikely to work right now. But as you say, patience pays. I am not discouraging anyone from trying it--put in a large order good-til-cancelled for .0001 and wait; it might work out.
The reason I believe the stock is on its way up is simply that a lot more stock has moved at .0002 than .0001 for a while now. .0001 lots are in the tens or hundreds of thousands in size while .0002 lots move in the millions. Eventually that buying pressure has to move the price...right?
The most interesting factor in the trading behavior of this stock is the after-hours lots. Recently really large lots have moved just after the bell at .0002. A few days ago GLBT had between 50 and 60 million volume for the day, most of it at .0002; just after the bell, volume jumped to over 80 million and price stayed at .0002. This kind of after-market, at-the-ask volume has happened often, for weeks now.
I don't know for sure what that means, of course; I'm not a market maker. But I can only speculate that large purchases after the bell are executed by someone in the know, and if the execute at the ask then maybe what they know is potentially good news.
Posts: 38 | Registered: Oct 2005
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posted
So the after-market activity I mentioned continued on Friday.
Now what I mean by after-market activity is that after the market closed the volume shot up on GLBT. This additional volume was not, however, reported as after-market volume; it ended up as part of the volume reported for the day.
I was watching closely this time, and this is what is saw.
The volume at 3:00 p.m. was 60,367,400
From just after close, around 3:03 or so, to a few minutes later, the volume for the day progressed as follows: 69,367,400 71,367,400 77,144,124
Now again, this was reported as volume for the day, which I assume means that these big trades occured at the very end of the trading day and then were reported shortly after the close. Furthermore, all of these trades occurred at the ask of .0002, as far as I could tell.
I just don't have experience with this kind of trading behavior. I think it's a good sign, but who knows? Can someone with experience, who has seen this kind of trading behavior before, explain to me what eventually happened with the stock they saw behave this way?
Thanks for your input.
Posts: 38 | Registered: Oct 2005
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posted
By the way, 3:00 p.m. is my time (Central). Please adjust to 4:00 p.m., which is Eastern and also what EVERYONE who talks about the market uses, which I knew but messed up anyway.
posted
No one wants to answer my question? Surely someone on this board has seen this sort of stock behavior and can share their experience...?
Posts: 38 | Registered: Oct 2005
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posted
Okay, folks, I'm going to bang this thread one more time to bring it back to the front page because I would really like someone to answer my question. After this, I give up. But while I'm at it: GLBT is, for the moment, moved up to .0003 on the ask (bid still .0001). Also, no after-hours purchase shenanigans for yesterday's close (yesterday being Tuesday Jan 17).
Posts: 38 | Registered: Oct 2005
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posted
holding a bunch here at .0002 and am willing to wait it out. .0003 on the ask means very little until .0002 comes up on the bid. it's the mms way of trying to build up the price. with no support on the bid side it's not likely to occur for a while yet. at least not until news comes out
What makes you think the market makers are trying to build up the price? Just what you see on the bid/ask? Or do you think there is a reason they would want the price to ascend?
Posts: 38 | Registered: Oct 2005
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I checked my charts and I couldn't find the extra 22,500,000 volume anywhere in the day. These trades seem to have actually executed after the close, yet were counted as trades during the day. Unless someone is trying to hide volume during the trading day...? Actually, the most likely scenario in my opinion is that they executed right before the bell but were reported shortly after.
Also, these trades seem to have gone at .0002, but there was no bid or ask at .0002 at the end of the trading day (bid was .0001 and ask was .0003).
(I also couldn't find the extra 25,776,724 that seemed to trade after the bell on Friday, which I mentioned a few posts up.)
A final note: this ain't a lot of money. 25,776,724 at .0002 is just over $5,155. 22,500,000 at .0002 is $4,500. Still...
Any speculation? As long as this continues I might keep reporting on it. I want it to mean something good for my large GLBT position!
Posts: 38 | Registered: Oct 2005
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posted
I'm going to cross-post this to a few forums, so if you see it elsewhere and it looks familiar, that's why.
I previously reported on trades in GLBT that occur after the bell but are reported as happening during the day. It's been a while (January 18 is the last I remember it happening a lot) but it really went off again today (February 16).
GLBT was all set to close at price and volume of .0002 and 22,950,458 (although volume throughout the day had been much heavier at .0003 than .0002). Then, at the very last second but during market hours, 100 shares traded at .0003, like a last-minute, get-the-price-to-.0003 signal flare. This is the second time this has happened recently; if I remember correctly, the last time GLBT closed with a 100 share trade was February 14.
Then, at about six minutes after the bell, the volume (for the trading day, mind you, not for after-hours) jumped to 223,750,558.
Now that's weird enough. But then these new volume amounts appeared in quick succession at around 15 minutes after the bell (and these apparently were also recorded as in-hours trades):
268,750,558 277,750,558 283,750,558
Times are approximate, and I may actually have missed some in-between jumps, but the volume finished up at over 283 million. And according to what I can see, all this after-hours-but-not-after-hours trading went off at .0003.
I really am curious about this phenomenon. Can anyone shed any light on this? Are these just people who suddenly decided at the end of the day that they wanted to drop about $15,000 into GLBT? Then why after hours? Or are the market makers hiding volume?
Any speculation is welcome.
Finally, I should mention that some commercial quote sites (all of which show the day volume as 283.8 million) are now showing over 60 million traded after hours (REAL after hours this time) and a final after-hours price of .0002.
Posts: 38 | Registered: Oct 2005
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