posted
The low volume is a pretty good indicator that the float is all but gone. Longs are holding and the company may have gobbled up the rest (maybe). Just waiting for the PR. GLTA
-------------------- If ignorance is bliss, why aren't more people happy? Posts: 2647 | From: MN | Registered: Feb 2006
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posted
I would agree at this point, if Abe really bought those 15 million shares and the buyback is done or nearing completion we could have a float of around 15 - 20 million.
My God, can you imagine what audited financials and a move to the OTCBB would do here?
I still however think there is a chance this has been a ruse - but since I'm still long on my shares I'm obviously siding with the assumption that we are on the up and up.
Abe hasn't made any wild statements like our friend Rufus "The Reset Con Man" Harris. And they did make a million on that land deal...
Something is definately up here...hopefully the pps will be as well!
Posts: 630 | Registered: Jun 2006
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posted
No volume today at all. Either the shares have dried up, (good) longs are waiting for new info (good) or there just isnt any interest anymore (bad). Lets hope its all good. TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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quote:Originally posted by Retired_Insider: It might take some news to break down that wall, however, the chart has bottomed and indicators are saying that this is the start of a bullish period.
The 14 dma is crossing the 20dma which is bullish The RSI is turning up and moving positive The MACD is going back up The CMF is going positive again toward green
These signals can't be ignored, but of course, a kick a$$ PR would really help matters out.
Just goes to show that stocks will move on techs alone. Of course the news really helps to get it going and create that momentum.
CMF still heading north. Little more consolidation is a good thing. Lower volume is definitely indication that noone is selling. Buyers will come. once the techs become a little better, buyers will flood in and then many will have to chase it up, but not me. With some news of course, all bets are off on how high this will go. Over a penny is a definite. My bet is .03-.04. consolidate with some profit taking and then a second burst up to .08-.10.
Posts: 204 | Registered: Apr 2006
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posted
I agree insider, but I haven’t defined my targets long range yet. The 1 indicator I like is the CMF. MACD, DMI and even BB say this isn't ready yet IMO. Using 2 day and 5 day 15 min. This still shows somewhat neutral to bearish indications. Plus tomorrow is Friday. As far as whether this will tumble IMO I don't think so. Accumulation and money flow show support. I am still looking for more of a reversal and there has been some oversold shown but right before that some overbought. So... I post a hold. If there is a dip then a better chance for accumulation. A PR about now would do wonders. There is news around the corner that only adds to the buy low on rumor - I’d say we're about there. No news for much longer... grrrrr but you guys have been waiting a lot longer than me.
edited 21:48
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
Well another week and no news...sometimes no news is good news! I'm staying long through 12/31 - if we don't see anything by then I will start to grow concerned.
Posts: 630 | Registered: Jun 2006
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quote:Originally posted by Uncle Smelly: Well another week and no news...sometimes no news is good news! I'm staying long through 12/31 - if we don't see anything by then I will start to grow concerned.
The company does not hype or mislead, when they have news they release it. I think we will be rewarded for our patience shortly!
-------------------- Success is having the time and money to enjoy all of life's wonders... Posts: 2083 | Registered: Nov 2005
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posted
The volume on this over the passed 4-5 weeks has just been rather wacked...sometimes in the teens of millions and then hardly breaking 1 million... Even with the large amount of volume and with the little amount of volume...no real change in PPS...it doesn't add up...IMO
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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quote:Originally posted by 10of13: The volume on this over the passed 4-5 weeks has just been rather wacked...sometimes in the teens of millions and then hardly breaking 1 million... Even with the large amount of volume and with the little amount of volume...no real change in PPS...it doesn't add up...IMO
Shares may be dissapearing. I have a 'gut' feeling we're going to hear some news early next week.
No one PR's anything significant during the week before and after X-mass. If we don't hear anything next week I would say nothing until January.
Personally I think there are deals going on behind the scenes to ensure that everyone involved makes a killing when everything is in place to PR.
Posts: 630 | Registered: Jun 2006
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posted
****, I never learn with these pennys. I made bank on a few and now I just keep coming back for more abuse Posts: 630 | Registered: Jun 2006
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posted
how much does pre-tax season play on the pinks? I would think this is where everyone gets their christmas money from! The losses have already added up by this point IMO. But I do see some lows where I didn't expect that i consider they may be waiting for Jan. or next week! LMAO Have a great weekend!
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
12 buys vs. 1 sell. Selling pressure is gone: 0.0043 X 0.0045 ***** Price Size Exch Time 0.0045 100 OTO 15:58:32 0.0045 32000 OTO 15:58:18 0.0043 100000 OTO 15:01:41 0.0045 100000 OTO 14:52:09 0.0045 4000 OTO 14:42:28 0.0045 100000 OTO 14:35:18 0.0045 200000 OTO 14:27:59 0.0045 200000 OTO 13:26:50 0.0045 500000 OTO 12:12:30 0.0045 100000 OTO 12:10:38 0.0045 75000 OTO 11:33:30 0.0045 20000 OTO 11:27:07 0.0045 100000 OTO 10:06:04
Posts: 3228 | From: Michigan | Registered: Aug 2005
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posted
All this quiet and no news. Like I said; either theese guys cut bait on this or have a really big PR coming.
Posts: 630 | Registered: Jun 2006
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ya, always the way!! Just bought up some more PYPR.
Posts: 782 | From: Warm Southern end of Maine, YA RIGHT!! | Registered: Oct 2006
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quote:Originally posted by onemorehit: I am bailing out of this POS today, I hope!!
If your luck is like mine, just as soon as you sell, some BIG news will hit.
lol, that's one of the reasons I'm not selling at this point, few others;
+ Abe said he was buying 15 million when the pps was over .01, if he bought he is underwater.
+ Someone was willing to accept restricted shares in lieu of cash for some type of service/deal. Why would anyone take millions of restricted shares unless they thought the pps would end up much higher than .0044 ?
+ I haven't seen any real bold, wacky statements (like our good friend Rufus) With the right share structure, and business operations they could see .90 - $1 per share in a year or two.
+ This ran hard from .005 to .03 in 2 days on news that they would be initiating the buyback and move to the OTCBB. How hard will it run if those things are accomplished?
Look any PK penny stock is a risky venture, but I haven't seen anything here that raises a red flag. Haven't see the green flag yet either.
So we sit and wait, really at this point I don't have much to lose. I've averaged down and don't have my life savings here. It's worth the risk to hold for a few more months to see what happens.
Posts: 630 | Registered: Jun 2006
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quote:Originally posted by Uncle Smelly: + Someone was willing to accept restricted shares in lieu of cash for some type of service/deal. Why would anyone take millions of restricted shares unless they thought the pps would end up much higher than .0044 ?
The way I see this, is that they can short against their own holdings without being part of naked shorting problems.
Example with 10,000,000 shares (when unrestricted) I'm using example share numbers, not anything based on a PR, numbers, etc:
1. Own 10,000,000 shares (restricted). 2. Short 10,000,000 shares (not a naked short because you are borrowing against your own, albeit "future", shares). 3. After shorting, buy them back slowly at a much lower price. 4. Lather, rinse, repeat....
In the end, they still own n shares when the time comes that they are no longer restricted!
Now they can sell at any price. PPS up or down doesn't matter - they've made their profit several times over by shorting their own legally issued (restricted) shares.
Maybe I'm wrong, but whenever I see a company issuing shares to cover debts, services, etc, they're not likely to recover much in PPS unless something grand-tastic happens!
I've been watching pinks for a long time now, and usually end up as a bag holder because of thoughts like "Someone was willing to accept restricted shares in lieu of cash for some type of service/deal. Why would anyone take millions of restricted shares unless they thought the pps would end up much higher than .0044?".
Maybe I'm wrong, maybe not, just my .0044 cents worth!
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz) Posts: 719 | From: Leesburg, VA | Registered: Jul 2005
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quote:Originally posted by Uncle Smelly: + Someone was willing to accept restricted shares in lieu of cash for some type of service/deal. Why would anyone take millions of restricted shares unless they thought the pps would end up much higher than .0044 ?
The way I see this, is that they can short against their own holdings without being part of naked shorting problems.
Example with 10,000,000 shares (when unrestricted) I'm using example share numbers, not anything based on a PR, numbers, etc:
1. Own 10,000,000 shares (restricted). 2. Short 10,000,000 shares (not a naked short because you are borrowing against your own, albeit "future", shares). 3. After shorting, buy them back slowly at a much lower price. 4. Lather, rinse, repeat....
In the end, they still own n shares when the time comes that they are no longer restricted!
Now they can sell at any price. PPS up or down doesn't matter - they've made their profit several times over by shorting their own legally issued (restricted) shares.
Maybe I'm wrong, but whenever I see a company issuing shares to cover debts, services, etc, they're not likely to recover much in PPS unless something grand-tastic happens!
I've been watching pinks for a long time now, and usually end up as a bag holder because of thoughts like "Someone was willing to accept restricted shares in lieu of cash for some type of service/deal. Why would anyone take millions of restricted shares unless they thought the pps would end up much higher than .0044?".
Maybe I'm wrong, maybe not, just my .0044 cents worth!
Dude that seems very complicated. Wouldn't be easier to just issues the shares and then every work together on getting the pps to .90 - $1 and then sell?
We're due for some big news here, I think they are just lining up all the cards to lay out on the table. I can wait, I won't go hungry. Posts: 630 | Registered: Jun 2006
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