quote:Originally posted by Raytrader: NO THAT IS NOT TRUE.....IF YOU BUY AN OTC BB.. THEN IF YOU SELL IT WITHIN THE SAME DAY YOUR $$ BECOMES UNSETTLED FOR 3 DAYS
Who are you talking to?
And stop typing in caps, please - it's considered shouting.
Posts: 287 | Registered: Jul 2005
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posted
quote: -------------------------------------------------------------------------------- Originally posted by btownfas: Hey guys, nothing about paim or anything but i have a quick question. Today at work someone mentioned something to me about flipping stocks for profits, they said that if you buy and sell you can't rebuy the same stock for 30 days. It didn't make much sense to me but i got a little worried...anyone know if there is any truth to this? -------------------------------------------------------------------------------- NO THAT IS NOT TRUE.....IF YOU BUY AN OTC BB.. THEN IF YOU SELL IT WITHIN THE SAME DAY YOUR $$ BECOMES UNSETTLED FOR 3 DAYS
Posts: 236 | Registered: Feb 2006
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quote:Originally posted by btownfas: Hey guys, nothing about paim or anything but i have a quick question. Today at work someone mentioned something to me about flipping stocks for profits, they said that if you buy and sell you can't rebuy the same stock for 30 days. It didn't make much sense to me but i got a little worried...anyone know if there is any truth to this?
That is BS.
Untrue, plenty of people sell a stock at 11AM and buy it back at noon. You are only allowed to flip it like that 4 times in, I think, 5 business days. I personally have sold one day and bought back the same day.
Payup,
I believe that you are probably right on this - I heard this mentioned on other threads.
When I said that it was BS, I meant that you didn't have to wait a MINIMUM 30 days. I knew that you could rebuy sooner than 30 days as btownfas was asking. Just to clarify my position.
quote:Originally posted by btownfas: Hey guys, nothing about paim or anything but i have a quick question. Today at work someone mentioned something to me about flipping stocks for profits, they said that if you buy and sell you can't rebuy the same stock for 30 days. It didn't make much sense to me but i got a little worried...anyone know if there is any truth to this?
That is BS.
Untrue, plenty of people sell a stock at 11AM and buy it back at noon. You are only allowed to flip it like that 4 times in, I think, 5 business days. I personally have sold one day and bought back the same day.
Pretty sure you can only do it 3 times in 5 days.
This is what Scottrade says anyway:
"Q. What is the definition of a "Pattern Day Trader"?
A. The NASD defines a Pattern Day Trader as "any customer who executes four or more day trades within five business days, provided the number of day trades is more than 6% of the total trades in the account during that period"."
Posts: 287 | Registered: Jul 2005
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quote:Originally posted by bobcat88: Did everybody bail? Today is not what we are used to, hardly any trades going through. Does everyone have thier heels dug in?
This is a stock to buy, then forget about it for 18 months, then come back and see how rich you are.
posted
If you declare yourself a trader you just add your capital gains/losses to your AGI anyway so it doesn't matter how many trades you make. Unless you buy on margin it takes 3 days to settle.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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your right...but who pays .0003, one a stock sells for .0001......would you buy microsoft for $80+ ...hell no!!!
Posts: 1551 | Registered: Feb 2006
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This is gonna make me start my St. Paddy's Day drinking early
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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quote:Originally posted by ohio_trader: Sniper and i dont buy any stock with crazy spreads...to easy to get burned...and your making the mm rich...no way !!
Are you the mm...baggin everyone ?????
hmmmmmmmmm
Good call, that is a death spread. Not going to go anywhere. Either way the hype is over...check back in 9 months.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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Pearl Asian Mining Industries Inc. Obtains Minerals Mining Production Sharing Agreement (MPSA) to Start Mining Operations in the Philippines Related Stocks PRMN
Pearl Asian Mining Industries Inc. (PRMN - news) obtained a Minerals Mining Production Sharing Agreement (MPSA) to operate on the historically known minerals rich Masbate's Gold Mining Properties. Pearl Asian received a 25 year mining operating agreement, renewable for another 25 years thereafter.
Pearl Asian Mining Industries Inc. has received a Mineral Production Sharing Agreement (MPSA) Certification, Permit & License to Perform Mining Operations in the Philippines (an equivalent of the mining rights in the US & Canada) which was issued by the Region V -- Mines & Geosciences Bureau .The MPSA Certificate is staked to operate in mining sites with proven reserves of GOLD, SILVER and COPPER, comprising over 8,000 hectares (19,768 acres). This is a Pre-World War II Gold Mining Property with High Grade Gold Ore containing approximately 90.37 grams per ton of Gold and 533.6 grams per ton of silver. After installation of a 50-250 TPD (Tons Per Day) Production Plant, that can process an average of 15 grams of Gold per ton of ores, PRMN can produce an estimated 3,750 grams of Gold or 120.57 Troy Ounces of Gold per day.
Pearl Asian entered into a joint venture agreement, represented by its Founder -- E. Pearl Asian & PRMN-Philippines' President-CEO, Mr. Villanueva, for the Minerals Mining Production Sharing Agreement with the Baleno Amalgamated Minerals, Inc. (BAMI) of Masbate, represented by its President, Mr. Salvacion and Vice-President, Mr. Buenaflor. The working alliance is called the "BALENO GOLD PROJECT (BGP)".
"Operation Gold Finger: BALENO GOLD PROJECT" will consist of four phases: Phase I -- Acquisition of Brand New Ball Mill Plant Facility & Refinery, Phase II -- Building & Development, Phase III -- Processing & Smelting, & Phase IV -- Productions.
Phase I: PRMN will install a 50-250 tonnes per day (expandable as needed) processing mill facility in the gold rich Province of Masbate. The gold mill plant will be an effective, efficient, environmentally friendly and state-of-the-art gold mill plant facility. This milling plant will also focus on processing all the ores, serving the small scale miners. The new Pearl Asian Gold Mill Facility (PAGMF) is anticipated to be built within the next 30-60 days on the XYZ Mine Site of the Baleno Mine Sites. The Pearl Asian Gold Mill Facility will begin processing gold, silver and other precious metals immediately after installation with approved positive quality control as early as the first quarter of 2005.
A Preliminary Geological Evaluation Report was prepared by Asia Minerals Corporation of Vancouver, B.C., Canada on July 29, 1997. Briefly, the gold-quartz veins on the XYZ mine site alone showed assays that include 21.4 g/t Au (Gold) and 86.4 g/t Ag (Silver) across a 1.0m section of the vein (97XTR-03). Another assay result of 1.3 g/t Au and 1.8 g/t Ag in a grab obtained from the adjacent footwall (97XTR-04). Soil samples adjacent to the vein overlying the footwall rock showed an assay of up to 2226 ppb Au and 3.1 g/t Ag (97XTS-02).
Pearl Asian, by a unanimous decision and approved Corporate Resolution, announcing effective October 8, 2004, the Limited Investment Private Offering to raise immediate funds of Two - Five Million, ($2,000,000 - $5,000,000) US Dollars, to be used for its gold mining projects, from acquisition of existing and abandoned mines all over the Philippines, to future minerals explorations, developments, building Pearl Asian Gold Mill Facilities, and the productions of the most sought commodity -- Gold, Silver and other precious metals.
Everyone is very excited and looking forward to this new working alliance as both companies see what the profitable results of Pearl Asian's Baleno Gold Project (BGP) would do for the two companies and their shareholders, as well as what BGP will do to benefit all the people of the town of Baleno where the mine sites are located.
Pearl Asian's Senior VP-COO, Engineer Peter C. Caleon, renowned Philippines Geologist & Mining Engineer leads the Pearl Asian's Operation Gold Finger "Team." Together, Eng. Caleon is working side by side with the company's President / CEO, Randolf Villanueva, with the legal advise from the renowned Judge Rey Maulit. "We are on the road to reaching our goal for a profitable Return of Investments of our shareholders," quoted President Villanueva.
During the first quarter of 2005, Pearl Asian anticipates to produce an estimated 5,000 troy ounces of GOLD, several thousand troy ounces of Silver & other precious metals from the ready to be processed gold ores!
Forward-Looking Statements:
With the exception of historical information, this news release and accompanying information may include forward-looking statements that involved a number of risks and uncertainties. Actual results could differ materially from those anticipated as a result of various factors. There are numerous factors that could contribute to such difference, therefore such projected events and anticipated results are not warranties or guaranties that such events will occur or that the Company will achieve such results.
posted
They have my permission to start now. A year and a half and 2 symbol changes and at least one reverse split should be adequate preparation for shoving a shovel into the ground and picking up some minerals. IMO
Posts: 4245 | From: SMALLVILLE USA | Registered: May 2004
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Rule # 9: If it sounds too good to be true. It probably is.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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Originally posted by Gurgle Smurf: Go to and read: pearlasian.net/news/ Click on the links.
"It seems that PAIM has been saying it had gold in the mine since 2004, and has been marketing itself on its potential earnings since 2004.
Someone tell me why, in 2006, that everything is going to happen now -- when, according to the older PRs, it was supposed to happen in 2004 ?"
MY THOUGHTS, Work conditions in the Phillipines are totally different than here in the states. If you have machinery break down you don't just go get a part off the shelf to fix it. It has to be ordered and then you wait and wait for it. It's like the postal service in Costa Rica. I sent a post card from Costa Rica to Florida. I sent it Jan 20th. It got to Florida March 10th. I invested in a US company in the Phillipines years ago and they had nothing buy problems. Their cost finally put them under. Oh yea, they were after gold too.
-------------------- corn oil comes from corn, olive oil from olives, where does baby oil come from? Posts: 441 | From: Vulcan | Registered: Feb 2006
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Yes the same people who were involved in DoM are the same people who are involved in PAIM. Elvira Gamboa aka pearlasia has been working with sandy winnick for the past 5-6 years putting out spin offs upon spin offs, all using some sort of DoM theme.
This was a momentum play, it was very attractive since it was only .0001. Now the momo is over. There is no gold. Sorry.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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i agree pay up, I heard recently that they had to get some serious protection out there to guard from rebels and thieves..
hence the prs about how political instability isnt affecting them now
gold mining is a very lengthy process and is never a sure thing..
especially in a third world country, if you remember, the british fought war after war for prized diamond mines in S africa... look where that got them.... trillions..
it takes a fortune just to extract the gold a lot of people are still sellin and a solis base of .00025 is forming.
IMO
dont take as investment advice, invest at your own risk and GLTY
Posts: 6397 | Registered: Jan 2006
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tex im just curious, what does that article mean to you?
are those the same people around today?
just curious why you are so negative on this..
btw im not lookin for a fight, i was a little frustrated with some people comin thru after they sold bashin this.
Im not frustrated at all b/c i got in cheap before any of this frenzy, but im gonna hold...
thinkin this may pay off..
longish post--
Well, "Pearl Asia" is still around, right? dig around, and you'll find that e-mail address linked to President of DoM...
lol, I'm not "negative"; I could almost care less...but one thing I do here is help steer folks toward DD. Another thing I do is *ask* questions--answers might steer me.
Put it this way: two well-known plays on this board are RavenMoon and WiFi TV: lol, can't cite current tickers offa the top of my head--they change often. Anyway, they have a repeated cycle dilution-r/s-run-dilution-r/s. Each time leading to a run, you'll see newbs get all excited and post about "real product" and retiring rich yada yada. Some older hands will post the background and immediately get labeled as bashers yada yada. It runs a bit, then the cycle repeats. Of course, by then there's a dozen new threads, so the DD is no longer in-thread...
In cases like these, the question becomes, "what has *changed* ie, how/why this is now a "real deal"?
peeps get confused about "pumping" v "bashing"
facts are facts...
But, as you alluded in your first reply, we have many newbs here and many, many lurkers. It does the board no good to let them get burned without pointing out a few things. The more good, solid, honest traders we have, the better. But when someone gets burnt on a scam, it can reflect on the board. They may go elsewhere, which is their choice--or they may give up trading just because some scammer got to them. That's not good.
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