I appreciate you confirming that Bill. Definitely value your DD over those on the hub.
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Bill,
I used to listen to everything you said and you had great advice. However I never followed your picks. I believe at one point you were talking about BIEL when it was in the 00's and now look.
I made out 700% on ASFX when everyone thought it was a dead duck. I'm averaging down and in at a good price on SYMW.
I want to know your thoughts on this company and if its a good buy and hold. I personally thing through my DD that it is a legit company with a good plan, but looking for some advice.
Also, is the buy in price of QASP good or bad? Not too sure if I should hold off and wait for a small GAP downward. What was the price you were getting in at.
NOTE: I've been in MGLG for a long long time now. Currently holding a very large position and averaged down to close to the current ask price. This WILL take off with any good PR that is released.
im in brothers in and dads in...
were you not watching during the day? .153 was a glorious place to get more...i only wish money grew on trees...
This move was only based on the new accounting firm and it will have at least a 2 day run...probably need another news day thursday to keep momentum into the 10k which i suspect will be monday the 31st...possibly a Nasdaq update or Walmart...maybe even that stock dividend??
Either way thats just speculating, nice to know that kind of news is still in the back pocket....
I suspect this is a confidence correction in the PPS and the 10k will give it some more juice into the .20's...
Close over .16 was a complete shocker to me, i was hoping to enter the .15's on the monday news...very good sign that monday's website and accounting news brought this kind of volume the next day...now it should be on several websites front pages....
Expect a gap up tomorrow and another run...i doubt we can clear .18 without an sec filing, however the expectation of the SEC filing could very well complete the 3rd day through .18 on thursday
watch for share reduction in the 10k and any pr's..
Were any of you guys in VG for today?
QASP, at this VERY moment is priced great IMO. The PR for it is out at 7:00 a.m. tomorrow morning. If you want to put an order in, I would do it now and your order will be in for tomorrow. If you want to buy that stock, I would suggest slapping the current ask of .035 or more.
Couldn't sleep last nite, was getting close to still being awake at the open. I had a limit order in for my mom ahead of time, so she was in at .145
Then I woke up at 12:38 pm (market closes at 1pm in my area), I wouldn't have bought more mid day anyway, I want to see a strong close on a breakout... I'm trying to go in half in the pattern, then half at EOD on a breakout, provided the breakout isn't massive and a sign of pulling back. Sure I don't get the extra bang from going in early twice.. but I'm also not trying to hit the ends of the moves exactly either... just planned trades. If I was awake consistently, I'd likely go 50% in the pattern, about a quarter at the beginning of a breakout, then another at the end, but that's too tough to catch, and with the amounts I'm putting in, kinda silly. So 50/50 is the plan. I don't mind painting the top of the candle for the team, since it'll only draw in more guys trading like me when they see it.
Sell your MGLG?!!! How stupid would that be?
We're 20% up today and even closed at the High Of The Day!!! That's crazy bullish!!!!! I bet we gap up in the morning and run all the way up to pennyland!!!!! WEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!
(do I sound like an iHubber yet?)
Thx Bill. Speaking of the hub tho, you've been posting there quite a bit today. Bored with the lack of conversation here or trying to get a pulse for the next few days?
I was there trying to get a pulse. Got home at a decent hour tonight so I figured I should do my homework or possibly lose a bit of the returns bc I wasnt prepared. We wouldnt want that, would we.
Also, what is your exit strategy for QASP? How high you think it's going?
I was trying to get it through their thick heads that a PR is coming out tomorrow at 7:00 A.M.. Those guys just sit there with a dowsing rod trying to find out information.
It was dead in here today, so I wandered off and decided to see what was supposedly going on.
Nobody was excited in here today, because it was a bad day in pennyland. There wasn't any Fairy Dust or Pixies working their magic today.
Maybe the PR will stir some excitement and then we will have something to talk about.
As far as an exit strategy....I expect when this initially takes off it will look like a pump and dump..If it is is acting like that, then I will ride it up and sell. If, by chance it grows like a sane stock, then I will stay. The only bad thing is that these never act like a real stock.
This is a good company, but I might have to catch it a second time.
Do you have any ideas? I would sure like to hear yours and anybody elses'. Please share ideas guys...;)
I totally agree with you Bill!!!! Just google it and you will see, real planes under development....news hitting airplane and airport relatEd sites.....the flight training industry is ripe for a major overhaul of it's fleet of aging aircraft. I watch 152's, 172's and 182's flying all day from my office window. Great planes, but I don't think they are anywhere near as fuel effficient as the quasar planes!!!!
I guess that I am going to have to do some more DD on their airplanes. A guy can never do enough due diligence. I couldn't tell you what a 152, a 172 or what a 182 is! You could put three of them in my front yard and I couldn't tell you unless the numbers were painted on them. I honestly don't know squat about the private training industry, but I know tons about the commercial side. You are a pilot. I think that would be a lot of fun. I am going to check those airplanes out that you mentioned.
The company has a lot going for it. Do you have a good exit strategy?
I think the exit strategy is volume, movement and price. If it goes like a pump and dump, then I will wait for the price change to slow down, with HIGH volume and then bail. There is an excellent video on this situation. It is worth watching for exit strategies. ;)
http://www.youtube.com/watch?v=cDpPlrHgquM
Watch List for Wednesday 8-26-2009
I will be announcing a big pick tomorrow night, so watch for my emails.
VG, an alert from last night exploded today, opening at $.68 and hitting an intra-day high of $1.65. That's a gain of 142%!!!
Keep an eye on NRPI, the volume has picked up the last 2 days and it's showing unusual activity. NRPI might be under accumulation for a rally. The company also released news this evening which can be read below.
NRPI - News
http://www.chartmoney.com/stockquotes.php/?ticker=nrpi
The company is in the business of providing Cremation Urns to the funeral industry and is developing both wholesale and retail outlets for its products. The company's offices are located in Redcliff, Alberta, Canada.
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FTWR - Volume Alert
http://www.chartmoney.com/stockquotes.php/?ticker=ftwr
FiberTower Corporation provides facilities-based backhaul services in the United States. Backhaul is the transport of voice, video, and data traffic from a wireless carrier's mobile base station to their mobile switching center, where the traffic is then switched onto a wireline telecommunications network.
*************************
EMMS - Momentum
http://www.chartmoney.com/stockquotes.php?ticker=emms
Emmis Communications Corporation, a diversified media company, together with its subsidiaries, engages in radio broadcasting activities in the United States.
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yeah, i don't mind driving it up myself sometimes
that is funny
I didn't mean money doesn't grow on "thetree"....or does it??? hmmm :D
ps. spng'rs...someone posted on yazoo subject line "My boss says that the D&T news is bigger than the 10k"
and pps...spng is on the reg sho list which apparently means that there are lots of naked shares that can't be accounted for, a move to the nasdaq or a stock dividend or just a massive short squeeze would cause all this phantom shares to "buy in" or lose out http://www.nasdaqtrader.com/Trader.a...egSHOThreshold
Hey Bill, how's it going. Looks like today was a dud but tomorrow looks interesting to say the least. I'm actually in New Jersey for work...an unexpected one day notice. I was not able to watch any action today and I will not have access to a comptuer tomorrow so I am slightly pissed. I'm not sure if I should put ion a sell at a predetermined price or just wait until Thursday and hope there is no pullback after the possible pop. I am lucky in the fact that the hotel I'm staying at has wireless but it's slow as hell.
Anyway, I feel blind with the pr coming but not much I can do. I didn't see a reply from Mr. BCLE but thanks for composing the email as we all would like to hear something
Did you get into SPNG? Would love to be there but I have as much in as I am comfortable with. Would love to jump out of Bcle or mglg make some cash and get back in, but my luck isn't that good. Mglg wojld release the #'s before I got back in and that would suck
Hey Geek,
I get caught in that position sometimes. I have to work and I just have to let it rip. I have to do something. You will have a better chance if you only have to be out of contact for a day.
I don't have a clue where the price will go tomorrow, because on Friday they are closing on the acquisitions, so you should be good until then (just thinking out loud).
There is going to be a lot of profit taking, but hopefully, this company has the stamina to hold up while the shorters and bashers wash out. It may have the endurance. I am questioning my strategy and may just let the stock rip and do what it needs to do (up, down, up, down) and play it long.
That is the reason that I am asking all of you guys what your strategy is. The problem that I have is that I do not have a day trading account and if I get out then I am screwed for three days. So any help with my thoughts up above would be appreciated...from anybody!
MGLG....they are either going to run big or it will be another fizzle. They are not doing any PR's for some reason. If everything was so rosey tosey there would be PR's to keep the cash coming in. I am not too sure about the forth rightness of their tactics, but until whenever, I hope that they are not doing anything evil.
You have to remember that they are a drilling and gas company. It is a very speculative company. They could be up to anything - good or bad. Only time will tell.
I never got into SPNG, but had the opportunity at .0001. I thought "Good Lord, sponges?? How ridiculous!" Well, it sounded way goofy to me and actually laughed. Well, you see who got the last laugh...it wasn't me. Maybe I should invest in the Obama Chia (where vegetation grows on his head for hair). It might make a fortune.
I don't know what I really am going to do yet with QASP. I would like to keep it long.
What a time to have to travel! Have a great night! :)