posted
folks time to WAKE UP and watch this one like a hawk...
i could still be wrong about this pick.. but so far everything seems PROBABLE for an AXGJ type move...
Posts: 261 | Registered: Nov 2005
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posted
When you see a winner, you get this feeling that make you want to brake your neck if you dont take advantage of the opportunity. Its funny , cos I've been watching this for few weeks before I posted the thread, and at this point ( the only place this one can go is UP ) I'll continue to buy more everyday as volume keeps coming.
-------------------- Please do your DD. Break some bread with me! Posts: 1138 | From: atlanta | Registered: Apr 2006
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Recent Bulletins Date ET Type Headline 2006-10-04 09:40 News Release Walker Financial Corporation Announces That It Has Acquired the Toll Free Number 1-800-SO-INSURE and the Domain Name WWW.SOINSURE.COM to Rebrand Its Insurance Operations
Recent Trades - Last 10 Time Ex Price Change Volume 16:10:26 Q 0.0101 +0.0001 685,000
14:43:41 Q 0.0104 +0.0004 5,000
14:43:20 Q 0.0104 +0.0004 5,000
14:42:27 Q 0.0104 +0.0004 100,000
14:32:46 Q 0.0104 +0.0004 25,000
14:28:55 Q 0.0104 +0.0004 50,000
14:27:05 Q 0.0104 +0.0004 100,000
14:12:03 Q 0.0104 +0.0004 50,000
13:34:53 Q 0.0102 +0.0002 100,000
13:08:21 Q 0.01 - 200,000
-------------------- Please do your DD. Break some bread with me! Posts: 1138 | From: atlanta | Registered: Apr 2006
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posted
actually i have to say that the lack of accuracy in the volume sucks... and I do not know who is doing it, but it should not be happening.
Posts: 261 | Registered: Nov 2005
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posted
There was a late trade for 685K at .0101, that would account for the difference in volume.
16:10:26 Q 0.0101 +0.0001 685,000
964K + 685K = 1.649M
Probably a late batch trade to square the books on the day. Volume is volume, the more the better right now.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
same here regarding volume. i'm in for 100k shares on this. not much, but worth the risk considering what happened with axgj. (good call trc) as for current volume on wlkf, and making comparisons with axgj... axgj didn't have sh!t for volume until basically the day it hit big. hopefully this will be that sleeping giant as well. with such a low float, if this gets people's attention, it could be huge. i'll be adding if it shows signs of upward momo and further bid support. good luck all.
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GLTA, The Phat Man Posts: 1236 | Registered: Apr 2006
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posted
There is no lack of accuracy in the volume TRC, there was a post market sale for 685,000 shares about ten minutes after market closed. Someone knows something that we may not know, whatever it is....it is good for my pocket. Lets see what happens tomorrow.
-------------------- Please do your DD. Break some bread with me! Posts: 1138 | From: atlanta | Registered: Apr 2006
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quote:Originally posted by The Phat Man: can someone answer me this please:
is the B/A spread at all correlated with float and o/s? and if so, in what regard?
to me, it seems that since there is a low o/s and float on this stock, there aren't that many shares out there, and subsequently, there are not as many MM's out there with trading inventories. So, since there are fewer MM's with shares to trade, the market they make may have holes in it. The market looks much different than say, XKEM, where there are a lot of shares out. More shares means more MM's out there to stack and fill all levels of the bid and ask. So it is filled and is tight due to it's large float, whereas our little WLKF has holes in it's market because of it's low float. But, of course, this also means it can move faster... Just my thoughts, may not be as simple as that...
Posts: 2741 | From: Seattle | Registered: Feb 2005
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posted
You damn right inventory is low as **&&& on this baby. At this point, if there is more buying pressure tomorrow from investers,....this thing will run. On the contrary, MMs are looking for shares to fill their staggering inventory. This may be an investors' market if the former is the case.
-------------------- Please do your DD. Break some bread with me! Posts: 1138 | From: atlanta | Registered: Apr 2006
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posted
I would imagine there is an indirect correlation, but defining it would be impossible, (at least for me). The only linkage I could see is the PPS being a result of supply and demand, (overstating the obvious?). Then again the MM's having complete control over the B/A process does leave room for manipulation and doubt, (kin to letting the rabbit guard your carrots). You see situation that defy logic all the time with these pennies, SSWC with a low O/S and it trades sub penny, BICN with 38 billion O/S trading over .05, USXP hit .04 with 4 billion O/S. I think most penny investors, (players), would agree that the lower the O/S and / or float, the better your chances for a winner. Sorry if I over emphasized the obvious.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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quote:Originally posted by The Phat Man: can someone answer me this please:
is the B/A spread at all correlated with float and o/s? and if so, in what regard?
to me, it seems that since there is a low o/s and float on this stock, there aren't that many shares out there, and subsequently, there are not as many MM's out there with trading inventories. So, since there are fewer MM's with shares to trade, the market they make may have holes in it. The market looks much different than say, XKEM, where there are a lot of shares out. More shares means more MM's out there to stack and fill all levels of the bid and ask. So it is filled and is tight due to it's large float, whereas our little WLKF has holes in it's market because of it's low float. But, of course, this also means it can move faster... Just my thoughts, may not be as simple as that...
thanks skip... that's what i was thinking and am appreciative of the verification. i noticed that with axgj... as it rocketed, the B/A spread was often 20% to 40%, so you had to have balls to enter. i played it :-) and got lucky. on most occasions however, i don't play large spreads unless it's REALLY moving (ie. axgj) or there is consistent heavy daily volume to where it seems like it could burst at the seams. right now the spread is only 4% so that's good enough for me. i'm in at .01 anyway. will prolly buy more in the morning. this seems to be a legit and formidable play for anyone who gets in between now and .03 (maybe beyond). without seeming like a crew of pumpers, it might be good to spread the word a little. bskunder was *****in' (not in a *****y way, just bummed) about how he missed out on the axgj run when trc4949 had been pounding it down our throats for a month... so, i PM'd him to let him in on this one :-) i also posted on the ihub momo board, so maybe we'll see some action in the next week or so.
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GLTA, The Phat Man Posts: 1236 | Registered: Apr 2006
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The above SB2A was filed in May, and up until August's Q2 Form 10 it appears only a couple of million shares were added to the O/S from March's O/S of 13,837,220, it is nnow reported as 15,945,220. So, next Form 10 I think you will see a substantially higher O/S, could be as much as 71M. Still a very reasonable and managable number of shares.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
manageable yes, but without momo it'll make it at least 4.5 x more difficult to push it through the ceiling and break down the MM walls. i'm curious too, if the float is so low presently, why was there not significantly more upward movement when this play traded 4 million shares and only upticked 3% ? any thoughts?
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GLTA, The Phat Man Posts: 1236 | Registered: Apr 2006
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posted
good post will. I noticed ARCA at .011 with a big order. Think they will move the order up when/if it starts running? I have watched some L2's when stocks are running and are being slightly diluted. Seems like the ECN (or the person with the order, rather) will move up with a run, and sell a little (shake) then move up with it again.
posted
is this the part of the SB2 that you're referring to will?
i may be completely off here, but if those shares are sellable up to the values established, it would seem prudent of the sellers to buy the sh!t out of the stock prior to these shares hitting the common market and then dump what they are allowed to at the specified maximum amount. is my thinking off?
The Offering
Common stock offered by selling stockholders Up to 56,181,919 shares, including the following:
- up to 962,500 shares of common stock issuable upon the exercise of common stock purchase warrants at an exercise price of $.10 per share;
- up to 93,750 shares of common stock issuable upon the exercise of common stock purchase warrants at an exercise price of $.71 per share;
- up to 187,500 shares of common stock issuable upon the exercise of common stock purchase warrants at an exercise price of $.16 per share;
- up to 4,410,000 shares of common stock issuable upon the conversion of convertible debentures at a conversion price of $.10 per share;
- up to 528,169 shares of common stock issuable upon the conversion of convertible promissory notes at a conversion price of $.71 per share; and
- up to 50,000,000 shares of common stock issuable upon the exercise of a put right under the Investment Agreement.
Common Stock to be outstanding after the offering 70,019,139 shares, assuming conversion of all notes and debentures, exercise of all warrants and the exercise of all puts under the Investment Agreement
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GLTA, The Phat Man Posts: 1236 | Registered: Apr 2006
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posted
I also noticed ARCA on Ask out at .011. I don't think a lot of people understand who and what ARCA is. I am not 100% myself, but for a good while now, I see him, (it) killing runs, selling on the Ask. I believe him to be MM's wholesaler, clearing house, if you will, for dilution. You also see him on the Bid sometime, collecting for another MM, no doubt, but mostly selling on the Ask. Recall my comments on AVVW, popped just about like I said it, and fell victim to ARCA, as predicted, he killed a beautiful run in the making there.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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"i may be completely off here, but if those shares are sellable up to the values established, it would seem prudent of the sellers to buy the sh!t out of the stock prior to these shares hitting the common market and then dump what they are allowed to at the specified maximum amount. is my thinking off?"
To be 100% honest with you, I am not sure. Those convertables seem to be long term debt, and will probably not be sold into the market quickly. These are the ones that may though :
- up to 50,000,000 shares of common stock issuable upon the exercise of a put right under the Investment Agreement.
They convolude, complicate, confuse, hide, use stealth to dilute. I would have to be an SEC attorney to understand and explain the INVESTMENT AGREEMENT. It is enough for me to know right know, that there is a potential for 70M O/S soon. Sorry I am not savy enough to answer your question in detail or with any degree of accuracy.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
it would seem then, a solid push (even from everyday-joe investors such as ourselves) prior to any sells/dilutions into common market COULD beat them to the punch with the current float the way it is. just 50 people at a 200,000 shares a piece and this would speculatively move 500% if were to happen tomorrow. :-)
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GLTA, The Phat Man Posts: 1236 | Registered: Apr 2006
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quote:Originally posted by will: I also noticed ARCA on Ask out at .011. I don't think a lot of people understand who and what ARCA is. I am not 100% myself, but for a good while now, I see him, (it) killing runs, selling on the Ask. I believe him to be MM's wholesaler, clearing house, if you will, for dilution. You also see him on the Bid sometime, collecting for another MM, no doubt, but mostly selling on the Ask. Recall my comments on AVVW, popped just about like I said it, and fell victim to ARCA, as predicted, he killed a beautiful run in the making there.
ARCA is an ECN, or electronic communication network (basically an MM that is electronic, rather than some dude in a cube) used by traders, or a person/institution with shares to buy or sell. They are good for a company to dilute or buy with because they can fill large orders without going through a traditional MM like say NITE or UBSS. They avoid huge retail commissions by avoiding going through an MM, so they use them to dump. Here are some links...
sadly, ARCA is really nothing more than a machine that is used by anyone with a TON of shares to buy or sell. And most times it is used by penny companies to dump shares. That's why it always aborts runs, because the company fills all of the demand with new shares, and the supply and price either equal out and the price stagnates despite huge volume, or the supply gets too large and the price plummets. So, really it was AVVW dumping shares through ARCA that killed the run, not ARCA itself. Self deprecating penny companies. Vicious cycle. But we love em! Hope that helps.
Posts: 2741 | From: Seattle | Registered: Feb 2005
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posted
It is my belief that the MM's control the world of penny stocks. When such total and complete power is in the hands of so few, ei, the B/A process you get an unlevel playing field. I became convinced of this in late 2005, while identifying potential runners and corresponging with JimSC. With the observations I made regarding volume/price variation coupled with his identification of issues being accuumulated by MM's we had a pretty good run of picking runners. You will often see posted on this bulletin board and others a "group pick", (shakerzz, yahoo, whoever, too many to know or care about). They can boost the PPS, yes, but they never sustain a good hard run. Again, it is my belief that the only people that can REALLY run a stock are the MM's. I can't site you examples of a group's pick fizzling, but I can give a few examples of a MM managed run. The difference being a sustained run that are beyond expectations and averages, groups don't and can't give those results. MM's keep em going, groups dump on the late comers after realizing a certain percentage gains. MM's discourage people with bringing the B/A down, (PPS), while they accuumualte those shares into their inventories that fustrated traders are seeling. only to reach suh an oversold and large position that they decide to run it. They manage the run with the reverse by raisng the B/A and selling those same lower priced shares back to the investors they bought them from, and who now don't want o miss the boat.
quote:Originally posted by The Phat Man: it would seem then, a solid push (even from everyday-joe investors such as ourselves) prior to any sells/dilutions into common market COULD beat them to the punch with the current float the way it is. just 50 people at a 200,000 shares a piece and this would speculatively move 500% if were to happen tomorrow. :-)
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
Phat, you cannot beat them to the punch, they are the punch. They have complete and toal control over the B/A process. You watch for ARCA on the Ask, and see what he does, sometimes he sit there all day selling, sometimes he moves and lets it breathe a bit, but comes back, and sells some more.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
they do certainly rule the world of pinks and bb's, no doubt. thus, on the flipside that's what makes it so sweet when there's discussion and research from the underground (ie., this thread on wlkf), and suddenly a push and then momo and then they're caught off-guard in a stock they otherwise may have thought was dead.
because of what you reference above, that is why i'm more than anything a momo player with these penny plays because the charts, T/A, audits, filings, etc., etc., etc., sadly usually don't mean a thang. i'm a small cap player for the most part (ie. EZM) but love the momo of a good day at the races here in pinky/bb land :-)
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GLTA, The Phat Man Posts: 1236 | Registered: Apr 2006
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posted
Phat, you never catch them off guard either. LOL
I am one that doesn't believe in that short squeeze crap. No one has ever proven it. It is all about MM accuumulation and their ability to run a stock and sell back shares that they purchased at a lower price. These guys are pros, you think they are going to get caught in a short squeeze, nonsense. It's like a car salesman, he sells a car or two every day, the customer buys a car eveey 5 years, who has the advantage?
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
will, i know you're right... after a few beers celebrating my lfza buy in yesterday at .20 and selling today at .43 it might just be dilusions of grandeur :-) or just dilusions, period.
fwiw, i don't believe in the short squeeze stuff either, but it does make for good momo/rumor runs. (ie. sssu, in at .0088, out at .04)
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GLTA, The Phat Man Posts: 1236 | Registered: Apr 2006
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posted
Well guys, Mr Frey should be proud of all of you that participated on this thread. Re-read this thread, This is what a bulletin board is for. Discussion, education, a fair and frank exchange of ideas, opinions, The amalgamation of individual's expereinces and intelligence into the collective intelligence. There should be more of this, and less of the less. I'm gonna go watch CSI now. Good luck !
(Crap! It's half over already, LOL)
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
I understand you Will, but there are instances when MMs are caught very short on inventory, and there is a huge rally that moves a stock off the roof,.....Practical example..... I started a thread on FDSM in June 12, this pick went off the roof from $.22 - $1.50 in about four days. Ran on LOW FLOAT, GOOD NEWS and a bunch of average Joes like us that know wassup and wont give up their shares to MMs.
-------------------- Please do your DD. Break some bread with me! Posts: 1138 | From: atlanta | Registered: Apr 2006
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quote:Originally posted by will: Well guys, Mr Frey should be proud of all of you that participated on this thread. Re-read this thread, This is what a bulletin board is for. Discussion, education, a fair and frank exchange of ideas, opinions, The amalgamation of individual's expereinces and intelligence into the collective intelligence. There should be more of this, and less of the less. I'm gonna go watch CSI now. Good luck !
(Crap! It's half over already, LOL)
well said! i was just thinking that. allstocks getting back to what it once was? glad to be a part of it!
back to the world series, go cards!
Posts: 2741 | From: Seattle | Registered: Feb 2005
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posted
Key word, "LOW FLOAT", probably more of an honest level playing field letting supply and demand work as it should.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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