Oh the drama!
Apparently sponges aren't the only thing that can be whipped up into a nice frothy lather ...
Since the 10K hasn't shown up ... there's soap and bubbles everywhere.
Another quip;
Posted by: Maxell46 Date: Tuesday, September 15, 2009 6:46:46 PM
In reply to: weeblewobble09 who wrote msg# 199591 Post # of 199675
Moscowitz was furious and got rid of Robison because they showed up with an Abacus and unsharpened pencils.
Last edited by Los Tiburones; 09-15-2009 at 09:32 PM. Reason: 10Q? 10K ah, what's the difference ...
No Doubt!
I, for one, am extremely anxious to see just how much cash I *could* have realized...had I waited.
There's that, and also the associated anxiety that has me on the edge_of_my_seat waiting to see what sort of realized gains I will have with the remaining spongy-shares
Funny, I don't remember being this angst-filled even with Sirius...ha ha
Ramsey
PS: In case that it wasn't caught, this message was written with major optimistic manifestation-infusion
[QUOTE=Los Tiburones;51195]Oh the drama!
That SPNG appears to working about as well as the "contraceptive" one did.
If today was the deadline for the 10K for SPNG then tomorrow is not going to look pretty...
looks like we got 2 anxious camps in here. the spongeheads and the qasps.... we need good energy for both.
another doji today in the qasp chart. i think we're getting that reversal. alot of volume lately. volume precedes price, isnt that the saying? ive been posting on the hub fighting bashers. but just waiting for the move.
im still unsure of how i will approach a rally. i dont know if i will shave, hold or sell half at .048 (to give me 250k shares free). ill def post my intentions when i figure it out. in the meantime im just glued to level 2.
anybody remember RTGV, its the stock i picked. i made some good money swing trading it. i took a look at it today and it closed at .08. i wonder if anyone is holding it still. that was another low float low volume stock. but it is alot more active now a days. kinda teaches me a lesson to HOLD.
which brings up a problem of mine. dave asked what are our leaks in this game. ive been thinking about this for a while. my biggest leak is not knowing when to hold or sell. deciding on an exit strategy. either i get greedy and miss a sell opp or turn into a sissy and miss big profits. examples are, i held mglg when it hit .0027 when i bought it at .0003. and i sold BEHL around .0075 when it hit .15 (i bought it at .0024)... SO that is my leak , im very interested to hear what others have to say. TYLER SAVERY if youre lurking , how about you join in. maybe tell us a leak or some advice to fix one. and to other lurkers, this would be a great time to introduce yourselves and share in some knowledge.
p.s. another leak of mine is picking buy in targets. i get over anxious and just wanna jump in and willing to average down if i really like the stock and it drops.
Last edited by bassmaster; 09-16-2009 at 12:06 AM.
Quasar Aerospace Industries, Inc. Announces Start of Share Buy-Back Program
Company will immediately begin a Buy-Back of a Quasar Common Shares in the Open Market
JACKSONVILLE, FL, Sept. 16 /PRNewswire-FirstCall/ -- Quasar Aerospace Industries, Inc. (OTC Pink Sheets: QASP) (formerly) Equus Resources, Inc. (EQUR), announces the beginning of a the share buy-back program. The two major banks that the company does business with are setting up brokerage accounts to facilitate this program, which should begin early next week.
The company has allocated funds through a $15 Million dollar bridge loan, and intends to move forward on the buy-back of common shares of Quasar stock in the open market without further notice. During the buy-back, the company anticipates buying back somewhere between 10% and 20% of the company's common shares. The shares purchased in the buy-back will return to the company as treasury stock.
CEO Dean Bradley commented on the share buy-back, "I am very pleased that we can initiate a share buy-back. I do not believe the current price in the market reflects the value I see in the company and its shares. I think it is very good for the company to go in and return shares to the treasury."
As mentioned in the August 26, 2009 press release, the company has sufficient capital and is eager to use some of the proceeds of this $15 million dollar bridge loan to purchase common stock. Additionally, the company has previously announced four planned acquisitions of well established aviation and aerospace related businesses that will add an estimated $150 million to Quasar's revenue and $33 million in EBITDA for the Company's fiscal year 2010.
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements as a result of various factors, and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Equus Resources, Inc. and Quasar Aerospace Industries, Inc. under take no obligation to update such statements.
DATASOURCE: Quasar Aerospace Industries, Inc.
CONTACT: Investor Relations Inquiries should be directed to:
Equiti.trend, (800) 585-6988,
Bass,Originally Posted by bassmaster
I think your trading sounds like a lot of us. For me, I always miss the high point and seem to sell a bit early. But.....some profit is much, much better than no profit. So, I never beat myself up about missing some and selling early.
Big Ben talks a lot about this. He says pick your buy in, pick your profit level, and sell and don't look back. That's a fairly good plan if you ask me.
I am really happy when I can make 10% on my money each month. I trade with 80 thousand dollars of base money. If I make 10% a month, that's around 90K a year in profit and about 60K after taxes. That my friend is not bad money. Actually, that's more than I need to live on in a year.....I'm pretty frugal!!!!
Lately, SIRI has been returning 10% by swing trading. C, Citi Bank has been doing even better. S, Sprint even better, JBLU, JetBlue has been really easy to swing trade and make 10 or 15% a month.
All that being said, you'll notice I didn't mention any of these really cheap Penny Stocks. I have NEVER been able to figure these out, so overall I am in the red on pennies.
I'm anxious to hear other traders views and trading strategies now.
LT, this is excellent news! Thanks for posting it. I have recently bought about 80K shares in the .02 range. It would be nice to see some profit now.
Romo. I need advice man.
Do I hold or sell? I'm ok with the loss. But am wondering if it will recover from todays sell off.
What are your thoughts?
AGREED! I'm in for 65K shares @ .025. I'm pretty sure I'm going green on this one today and continuing that all the way into Friday.LT, this is excellent news! Thanks for posting it. I have recently bought about 80K shares in the .02 range. It would be nice to see some profit now.
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