posted
unable to comprehend why every 1M block makes us go slightly back up..???? any idea why?
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations. Posts: 961 | Registered: May 2006
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quote:Originally posted by stocktrader22: audited financials take a while, can be anywhere from 3-6 months
If you look at the fins on the website, you'll notice they end this year in May. So they have had 3 months already to prepare the audited fins. This is JMO
posted
This seems to be the norm - the PR is released, stock goes up, people sell. This is what I was waiting for when I first bought in * .01
I read all the stuff and I have been in longer than most on this board. I decided to pull the trigger and sell on Monday. I thought I made a mistake on Tuesday when it shot up. I was waiting to buy in at 6 or so. it hit .061 and I didn't buy. That may have been a mistake I suppose. I really thought it would hit .12/.13 today and I'd really feel like I took one to the nuts.
After seeing the red today, it would appear this is taking its natural course. I should be back in around Monday at this point.
This stock is going to be .25 by years end (IMO).
Posts: 337 | From: NJ | Registered: Mar 2006
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posted
yep, but I wanted to know if anyone knew how far along they were with the audit. I read they are going to a third party soon, which means they could be released 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
Sulja Bros. Building Supplies, Ltd. (SLJB.PK) Announces Additional Investor Relations Office WINDSOR, ON -- (MARKET WIRE) -- August 09, 2006 -- A Sulja Bros. Building Supplies, Ltd. (PINKSHEETS: SLJB) spokesperson announced today that another investor relations firm is being contracted to receive investor's calls. Sulja Bros. investor relations, through Wessal International, can still be reached at 42.203.002.3884.
CEO Steve Sulja stated: "The Sulja Brothers investor call volume at Wessal International exceeded the call center's capacity. Wessal International was unable to receive and respond to all questions in a timely manner. Another Investor Relations firm is being contracted in New York City, New York. The firm's name will be announced when all contract papers are completed. We anticipate the new firm will be taking calls within 10 business days."
This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions: "may," "could," "should" or "might occur." Such forward-looking statements involve certain risks and uncertainties. The actual result may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
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quote:Originally posted by IMAKEMONEY: They sure are pumping it.
Why would you say that? That PR is just trying to help people that would like to call the company. If you tried to call the company and couldn't ever get through, you'd probably think it was a scam. I look at the fact that this company is putting out a lot of PR's is because they have a lot of info to relay and PR's are the only way to convey that info publicly. JMO but GLTY
Member Rated: posted August 08, 2006 04:44 PM -------------------------------------------------------------------------------- I think they have mentioned it before, but lots of pinks say that. The reason I would still question it is simple, who would incur the expense of a reverse merger if not to raise money by selling shares?
That is what I always revert to, there is NO good reason to give up ownership of your company in the public market unless it is to raise capital. And "press releases" from the company are solely the company trying to influence stock price. Even if the PR is legit, they aren't releasing it for the heck of it. They are making tactical moves. Why would some broke pink sheet company go out of their way to keep investors more informed of day to day stuff than friggin IBM does? To keep the share price up.
That doesn't mean it can't/won't run. And that doesn't mean it is a bad investment necessarily. Just don't fall in love with it, and be realistic.
-------------------- I just want to make enough money to be eccentric.
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-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
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posted
I think Scottrade is having problems. Shut your streamer down and turn it back on.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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quote:Originally posted by stocktrader22: Wow activity has been dead for like 25 minutes, no trades, whats the deal?
last trade was 1 minute ago at .085, only about 4 minutes max between trades so far today.
Posts: 2503 | From: connecticut | Registered: Mar 2005
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posted
Mine froze with the price at .09, now I reopen it and its at .083....bummer.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations. Posts: 961 | Registered: May 2006
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posted
I have been monitoring this board - and others - for a while now and sadly I must say that 95% of posts are almost pure junk. On rare occasions, I have seen intelligent posts which make me come back.
This company is projecting 94 million USD net profit for next year. This means almost 19 cents dividend a share! Don't expect anything from any PR to come. This by itself should ring a bell in your mind! It means that the share price should be well above 2 USD. Of course, there is uncertainty due to the fact that those are future earnings. But this company has not disappointed so far, and therefore is building trust all along! You cannot say this to all companies. Even NASDAQ reporting companies can disappoint. When I carefully study the construction situation in Dubai and Abu-Dhabi, I strongly believe that this is a winner, that the executives have done the right move. Wessal International - very serious player, fully knowledgeable of the UAE market - buying 25% in the open market reinforces me in my strong believe that they are going to walk the talk.
This company has already provided so many clues to us that you should not always expect for some other fireworks in front of your blind eyes. You are just missing the show!
Just be more patient and the facts will sync in the minds of the average investor.
Posts: 21 | From: Canada | Registered: Aug 2006
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quote:Originally posted by IMAKEMONEY: They sure are pumping it.
That's funny. A company that doesn't put out regular PR's is accused of not supporting the PPS. They a new company with news puts out PR's and is accused of pumping. I guess you can't win with some people.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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posted
Baraka, good point, well written, but I don't really think that you need to insult "95%" of us to make it. If you want people to read and understand what you write, maybe your lead in shouldn't tell them how stupid they are.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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quote:Originally posted by Doniboy: Baraka, good point, well written, but I don't really think that you need to insult "95%" of us to make it. If you want people to read and understand what you write, maybe your lead in shouldn't tell them how stupid they are.
posted
heres my take on the pps...and this is all imo...so take it with a grain of salt..ppl are saying the reason why the PPS is so low and the stock is undervalued it due only because of the MMs, and others say no MM manipulation at all , its Dulition...I disagree on both...I do believe there is MM manipulation, ppl are putting in Buys ABOVE the bid and there not going thru and getting passed up be other ppl w.lower bids.? why, because for some strange reason the MMs are tring to keep this low for the time being, but the ppl (flippers, unsure longs, swing traders) selling for profit, and or selling due to a lack of pacience. so its a mixture of MMs (but not as bad as some ppl make it out to be), and profit taking, which it normal...then lets look at the possibility of this being a pump and dump.. SLJB, is a company that has been around for many, many years, and have alot of credit,(of course in a small arena, not in the investing world)but since they started to put out PRs (ever since ive followed the stock) they have not lied to me once time to make me think this is a p&d, there are stocks out there that make out landish claims, such as out pps shouod be $40.00 pps, etc, and there nothing but fluff, and they fall faster then they rise, BUT they still run up to high prices...so why is this not going up like it should? IMO its that the company is LEGIT, and there are really very many shares Shorted out there...so someone wants this stock low for a reason....IMO if the company gets the audited Financials, then it will attract big time investors, however, you still have to ask yourself, with out audited fins, and other PRs like this company is and are putting out, other companies can put out nothing but hot air and fluff and it gets a 500%-1000% increase...so something is FISHY, and i think that the truth will come out...and IMO...SLJB shareholders will be GREATLY rewarded for there Frustration on analizing EACH AND EVERY TICK, and there loyality for putting up with all the non-sence.!!!!
-------------------- Dont take my advice, due your own DD Posts: 711 | From: Oklahoma | Registered: Apr 2006
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posted
The more PR's the better. A company communicating frequently is indicative of a company that really cares about what it's doing. I like the really fantastic PR's but I value the less fantastic just as much.
Posts: 106 | Registered: May 2006
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The Short And Distort - Stock Manipulation By Rick Wayman
A less publicized and more sinister version of short selling can take place on Wall Street. It's called "short and distort". There is nothing inherently wrong with short selling, which is permissible under the regulations of the Securities & Exchange Commission (SEC). But the short-and-distort type of short seller uses misinformation and a bear market to manipulate stocks. Short and distort is as illegal as the pump and dump, but is mainly used in a bear market. It is important for investors to be aware of the dangers and to know how to protect themselves.
Short selling is the practice of selling borrowed stock in the hopes that the stock price will soon fall, allowing the short seller to buy it back for a profit. The SEC has made it a legal activity for several good reasons. First, it provides the markets with more information. Shorters (traders who practice selling short for a living) often complete extensive and legitimate due diligence to try and discover facts and flaws that support their suspicion that the target company is overvalued. Because most shorters are scrupulous and ethical, their actions are conducive to the health of the market. Finally, short selling also provides investors who own the stock (have "long" positions) the ability to generate some extra income by lending their shares to the shorts.
On the other hand, short and distort (S&D) traders manipulate stock prices in a bear market by taking short positions and then using a smear campaign to drive down the price of the targeted stock. This is the inverse version of the "pump and dump" tactic, whereby crooks buy stock (take a long position) and issue false information that causes the target stocks price to increase.
Generally, it is easier to manipulate stocks to go down in a bear market and up in a bull market. The pump and dump is better known than the S&D because of the long bull market and the media. The stock market has been in a general up-trend since the early 1980s, which provided ample fodder for "pumpers". Movies like Wall Street and The Boiler Room helped educate investors about the risk of this type of stock manipulation.
The S&D schysters try to profit by stimulating fear. They will use online screen names that imply either that they are associated with the SEC or the National Association of Securities Dealers, or that they can regularly spot worthless stocks. Their goal is to convince investors that every proponent of the stock has ties to the company and that the SEC is watching and will halt the stock. S&Ds also intimate that they are looking out for investors' interests. Short and distort players clutter message boards, so optimistic information cannot easily be found. "Get out before it all comes crashing down" and "Investors who wish to enter a class action lawsuit can contact…" are typical posts, as are their projections of $0.00 and loss projections of 100%. If their strategy is suspected by "longs", they attack the person that has caught them. The market manipulator will do everything in his/her power to keep buyers out of the stock and keep the price heading south.
The net effect is that the investors who initially bought stock at higher prices sell at low prices because of their mistaken belief that the stock is worthless, caused by an effective distortion campaign. At the same time, the S&Ds cover at low prices and lock in their gains.
In light of Enron and current market conditions, investors are more susceptible to this type of manipulation now than during the boom of the '90s. In this current market, the first appearance of impropriety causes investors to run for the hills. As a result, many innocent, legitimate and growing companies are getting burned, and investors are getting burned along with them.
A few tips to help prevent this in the future: 1) Do not believe everything you read - verify the facts. 2) Do your own due diligence and discuss it with your broker. 3) Hypothecate your stock - take it out of street name to prevent the short sellers from borrowing and selling it.
The best way you can protect yourself is to do your own research. There are many potentially great stocks out there, but Wall Street is ignoring them. And even if the S&Ds attack your stock, you will be better able to detect their distortions and be less likely to fall prey to their distortions by selling the stock at a loss.
Another tool is to know the seven key characteristics of a good research report. Here is a brief summary of how to spot them:
1. Is there a disclaimer? The SEC requires that everyone providing investment information or advice must fully disclose the nature of the relationship between the information provider (i.e. research analyst) and the company that is the subject of the report. If there is no disclaimer, investors should disregard the report.
2. What is the nature of the relationship? Investors can get some good information from pieces published by investor relations firms, brokerage houses and independent research companies. Using all of these sources will provide information and perspectives that can help you make better investing decisions. However, you need to evaluate their conclusions in light of the compensation (if any) that the information provider received for the report.
Can a Wall Street analyst who is even partially compensated by trading generated by the report be more objective than a fee-based research firm that is paid a flat monthly rate with no "performance" bonus? The answer to this question is left for each investor to decide, but both reports are available to use for evaluating a potential investment. The nature of the compensation will provide information to help you evaluate a report's objectivity.
3. Is the author identified and is his/her contact information provided? Generally speaking, if the author's name and contact information is on the report, it is a good sign because firstly it shows the author is proud of the report and secondly it gives you a way to contact the author for additional information. Research reports from legitimate brokerage firms post the author's name and contact information near the top of the front page. If the author's name is not given, investors should be very skeptical of the report's contents.
4. What are the author's credentials? Letters after a name do not necessarily mean that the author of the report is a better analyst, but they do indicate that the analyst has undertaken additional studies to expand his or her knowledge of finance and investing.
5. How does the report read? If the report contains a lot of grandiose words and exclamation points, beware. I'm not saying that good analysts are boring, but good reports don't read like the National Enquirer. We try to make it interesting, but a reputable analyst would never use exaggerations like "sure things" or "rockets", and they would never suggest that you mortgage your home to buy a stock.
Objective research reports provide reasoned arguments to buy or sell a stock. Key factors such as management expertise, competitive advantages and cash flows are cited as evidence to support the recommendation.
6. Is there an earnings model and target price with reasonable assumptions? The bottom line for any recommendation is the earnings model and target price. The assumptions upon which the earnings model is based should be clearly stated so that the reader can evaluate the reasonableness of the assumptions. The target price should be based upon valuation metrics, such as P/E or P/B, that are also based upon reasonable assumptions. If a report lacks these details, it is generally safe to assume that the report lacks a sound basis, and investors should ignore the report.
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7. Is there ongoing research coverage? A commitment to providing ongoing research coverage (at least one report per quarter for a period of at least one year) indicates that there is a solid belief in the fundamental strengths of a company. It takes a lot of resources to provide this type of coverage, so a firm providing ongoing coverage is a sign that the firm legitimately believes in the long-term potential of a stock.
This contrasts one-time reports that are used to manipulate stocks. In these cases, supposed research firms will suddenly issue "reports" on stocks they have never reported on before. Generally, these reports can be identified as an attempt at stock manipulation because they will not contain the attributes of a legitimate research report (discussed above).
To get more information on stock manipulation, you can visit the following sites:
NASDR.com
FraudBureau.com
Sec.gov
By Rick Wayman
-------------------- Dont take my advice, due your own DD Posts: 711 | From: Oklahoma | Registered: Apr 2006
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posted
Market Maker Manipulation More evidence of Market Maker Manipulation in the OTCBB. Background: A veteran of 20 years as a Market Maker would seem to qualify this commentator. He's in private trading now, but has some definite conclusions regarding MMM and what must be done about it. He cites incidents of suspected manipulation in AREE and NUZA stocks, based on the numbers. Investor Mike McIntyre writes: "First, one must ask themselves why do Market Makers get to hide in the OTCBB market, not revealing their short positions. This appears to be the main issue behind all of the problems. MMs should be required to hold a very limited amount of a short position (say 10%) which is not held by a paying customer/client." "When Market Makers have an infrastructure in place that allows them to cheat, they will cheat. When they are allowed to -- behind closed doors -- have a HUGE short position and are never made to balance their position in the reasonable short term, they will never correct their positions. Full disclosure of short positions in all OTCBB stocks should be REQUIRED just like it is with the other markets: NYSE, NASDAQ and AMEX." "It is my honest opinion that there has been ample evidence of late that Market Makers are manipulating OTCBB stocks. I believe that the law of supply and demand should apply. When more buying occurs, a stock should go up. When more selling occurs a stock should go down. This does not seem to be occurring." "I shall give two examples where I have personally been affected by MM Manipulation. The first is AREE, Arete Industries." Re: Arete Industries (OTCBB: AREE). The firm is in business of cultivating new start up or development stage businesses by providing managed fixed cost services, marketing and fulfillment services and executive management services, offering entrepreneurs liquidity as a publicly traded entity. It terminated its co-op coupon business earlier this year . The stock closed Wednesday at 3.9 cents, up .002. "Around April 20th," McIntyre wrote, "after the OTCBB & NASDAQ crash, AREE was around .08 cents. Since that time there has been approximately 89 million bought and 10 million shares sold. According to the laws of supply and demand the price should go UP. One might expect the stock to be around .11 or .12 cents if not more!" "After all, for every share sold nearly 9 were bought! Today the stock is nearly 40% down from April 20th in unfair trading by MMs. I have sold 90% of my position in AREE." Re: N.U. Pizza Holding Corporation (OTCBB: NUZA). Since filing for bankruptcy protection in February, NUZA has had three months of improving cash flow as a result of both a reduction in expenses and an increase in revenues. President Dan Rouse says "We should have no problem developing a plan that allows us to meet all current obligations, pay off our creditors and grow". The stock was at about 6 cents in early June, dropped to about 3 cents, and closed Wednesday at 3.5 cents. "Since around May 10th," McIntyre wrote, "NUZA has had around 14 million shares bought and around 2 million shares sold. For every share sold, around 7 have been bought. The stock has fallen unfairly from .065 to .035." "I still own around 280,000 shares of NUZA and to date can not recall selling any. I am divulging my positions in these stocks so as to be open and honest. Shouldn't the trading community have the same right from the Market Makers? Shouldn't MMs be required by the SEC to fully disclose their positions, both long and short?" Comment: The evidence is admittedly anecdotal, because unless some repentant MM decides to spill his guts, no one has access to proof of MMM, and the MMs certainly want to keep it that way. But as the anecdotal evidence builds and the pattern evolves, what are reasonable and objective investors to conclude? Otcnn.com. ------------------------------------- Please require the OTCBB Market Makers to operate with the same integrity demanded in the other markets you enforce. The lack of enforcement is allowing manipulation not tolerated by your agency, in other markets.This is a clear unfairness to the investors, and should be rectified swiftly. It is not right for our (my) government to know about this problem, and be so slow to act. Same conduct & guidelines/requirements for the Market Makers should be employed and enforced across the markets. This should, and could be done without delay. R. Richardson
"Life is not measured by the number of breaths we take, but by the moments that take our breath away."
also taken from Ihub
-------------------- Dont take my advice, due your own DD Posts: 711 | From: Oklahoma | Registered: Apr 2006
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