quote:Originally posted by JimSC: This is a gamble.
Thank You for making that statement. That's exactly what I've been saying all along. All the technical analysis and fundementals go out the windows with these penny stocks. Sure they give you a slight edge in trying to figure out the MM's game, but everything I've used for figuring out the $10 and over stocks don't work down here. Then some might ask, what am I doing down here. Well, the percentage gains are unbelievable, when you do hit one, compared to the higher priced stocks. Which is why I only use my gambling money for these stocks. Right now I'm using their money for the stocks I do have left in this POS.
Posts: 224 | From: Denver | Registered: Feb 2006
| IP: Logged |
posted
Igai will run and before the end of June if my theory holds up. Squire and 10 have some very valid points and I just hope that my jump point is not too low or high to make some money, Iwould however follow the very sound advice of setting a limit sell and play with something that is moving at the moment! I will try not to buy anything else at the moment cuz it seems to go into shock when I buy and then falls into the red zone!!
-------------------- Fear Profits a man nothing!! 13th warrior--- we make 13.5 Posts: 33 | From: Newport NC | Registered: Mar 2006
| IP: Logged |
posted
I haven’t been trading penny stocks for very long, about 6 months now, but have been trading higher value stocks and options (an even bigger risk) for quite a few years. But since trading pennies, I've noticed something of a big disadvantage and the problem as I see it is the fact we can’t short these stocks. So, the only play we do have is to go long and hope (favorite word of a gambler) for the best. Believe me I’ve made most of my money in the 2000's going short than long. The MM’s know this and as a result they control the game. You ever notice how many times a stock goes down versus going up? I’ve found the only way to make money when playing pennies is to take your profits when you can and either flip or move on. That is to say, don’t get too greedy thinking that some penny stock is going to make you a millionaire overnight. JMHO!
Posts: 224 | From: Denver | Registered: Feb 2006
| IP: Logged |
posted
Cool all of the pro's here have said it and someday I will listen myself "don't fall in love with a pink!! To those of you that have given this advice thanks. To those of use that are hard of hearing (reading impaired) Swimming with the sharks has been fun but I think I am starting to bleed!!! IGAI will run
Is it five compressions and two breaths? come on IGAI you can do it!!
-------------------- Fear Profits a man nothing!! 13th warrior--- we make 13.5 Posts: 33 | From: Newport NC | Registered: Mar 2006
| IP: Logged |
posted
J&M, I've been hearing the same things, but it's finally stuck with me. I've been hearing things being said by people, like "you need to be patient", "this ones going to da moon don't get out now, you'll be sorry", my favorite "this stock will go up big, cause it's a full moon" etc.. Listen to yourself, it will hit you one day like it has for me. Heck, I've been flipping another penny and have made everything back that I lost when I sold off half my positions, plus some and in less time. Just my experience, I'm not knocking anyone elses system, but this is working for me. Believe me, I know where you're coming from, I've been in this POS since February. I lived in Vegas for quite a few years and a thought that comes to mind is me holding on to this as long as I have, is what they use to refer as a "sucker bet". I've made a many mistakes with trading these pennies & subs, but I am learning fast. I'm going to stick it out with what I have left and "hope for the best", since I am a gambler by nature. BTW - I think this stock really needs the paddles, not CPR.
Posts: 224 | From: Denver | Registered: Feb 2006
| IP: Logged |
posted
I guess we should have paid more attention to that filing. I know some have said this is going to be a 10 bagger, but this is rediculous. Let see now, what's a 10 bagger based on .0068? Just keep in mind, everytime a stock drops 50%, it takes a 100 percent gain to get it back to where it was before the 50% loss.
Posts: 224 | From: Denver | Registered: Feb 2006
| IP: Logged |
posted
Part of the problem was that they never said that they would "through these shares into the market...but that they could take it down...so....who the hell knows...
I don't even know for sure that this is what is going on...it is my guess...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
| IP: Logged |
posted
I guess we will find out, if the volume picks up significantly at a low ASK price. Then we're talking dilution.
Posts: 224 | From: Denver | Registered: Feb 2006
| IP: Logged |
posted
Cool Running, U R right. We should treat trading on pinky/OTC stocks as a gamble, and never believe in any theory or advice from other people. Just try to win a little at a time.
Posts: 3228 | From: Michigan | Registered: Aug 2005
| IP: Logged |
posted
Cool Running, U R right. We should treat trading on pinky/OTC stocks as a gamble, and never believe in any theory or advice from other people. Just try to win a little at a time.
Posts: 3228 | From: Michigan | Registered: Aug 2005
| IP: Logged |
posted
I think this is the part of the filing and what is going on right now...I got this from pink sheets...April of 05
Our obligation to issue shares upon conversion of the Callable Secured Convertible Notes is essentially limitless. The following is an example of the amount of shares of our common stock that are issuable, upon conversion of the Callable Secured Convertible Notes (excluding accrued interest), based on market prices 25%, 50% and 75% below the current conversion price, as of October 14, 2005, of $0.050.
Number % of % Below Price Per With Discount of Shares Outstanding Market Share at 50% Issuable Stock ------ ----- ------ -------- -----
As illustrated, the number of shares of common stock issuable upon conversion of our Callable Secured Convertible Notes will increase if the market price of our stock declines, which will cause dilution to our existing stockholders.
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
| IP: Logged |
posted
....or you could look at how thin the ask is and see how fast it will go back up to .01 to .0125 and you could average down....that's the game JimSC is talking about.
quote:Originally posted by kdb83182: So basically this stock sucks and its about time to sell out.
-------------------- I may be wrong, but I don't think so.... Posts: 837 | From: Madison, WI | Registered: Sep 2005
| IP: Logged |
posted
Personally, I'm looking to free up more money to buy at these levels. L2 look very thin as BULL stated, and we only had 2.2 million shares traded today and it still moves so much. If they fill my order I'll let you know.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
| IP: Logged |
posted
Yes, no freed up money yet. Can't find anything I want to sell, yet.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
| IP: Logged |
posted
If anyone wants to get the shares at the .0063 they should put there order in now...before the MM's grab the ones they are going to "dump"...maybe even put your order at .0064...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
| IP: Logged |
posted
I think I took the last 0.007. I sold 1/2 my MGMX at the ask, so riding free there.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
| IP: Logged |
posted
People are buying now..and raising the PPS...so the MM's won't take it down to the .0063...I'll have funds on Monday...i am thinking that if all stays stays the way it looks..i am buying then...at 0064...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
| IP: Logged |
posted
Sure, they disguise a 300k buy as a sell and then raise the ask to .0075. Now .007 x .0075.
Filing has to be out by June 15th, so most likely they'll use all that time and they haven't been the type of company to put out any other type of news since yahoo shows now news in over a year other than SEC filings. Come on, throw us a bone!
-------------------- I may be wrong, but I don't think so.... Posts: 837 | From: Madison, WI | Registered: Sep 2005
| IP: Logged |
posted
The 295k buy was at the ask. NITE change a second after it posted.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
| IP: Logged |
posted
Interesting, I thried to bid whack 75k at .007, when it was .0074 x .0074...then right after that a 275k sell goes through at the bid of .007 and the b/a changes to .0061 x .0080
Something's up, and it ain't the share price.
-------------------- I may be wrong, but I don't think so.... Posts: 837 | From: Madison, WI | Registered: Sep 2005
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Confused]](confused.gif)
![[Eek!]](eek.gif)
IGAI will run 
