We might be at the bottom here. There is a ton of bid support at .04. They are planning another video conference to discuss the progress of the company this coming Wednesday.

We better start moving or I'm coming after you Levins

Heh I've been holding on to this thing since it was at $.15 and supposedly on its way to $.60. I put a miniscule amount of money in, so I don't really care, but it would be nice to salvage this somehow. You win some you lose some.

I think this one's going to take a while. Luckily my cost basis is around $.06 on this one. It's not going anywhere until they start disclosing real revenues.

man i'm tempted......

When do they release financials? I've been in this for a while and bought a lot higher than what it's at now.

Already released

http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=23719

Think they said on their latest conference video (posted on their site yesterday), that they'll have updated financials at the end of the quarter. Or maybe it was just sometime in the fall, don't really remember.

Thoughts? Im thinking about hoping back into this one....

It looks like around .04 is the bottom. Past couple days there have been large buys at the ask. They are moving forward with their business plan and have a ton of potential but I don't think the stock moves until they bring in some solid revenue numbers. They are out selling their product and started a whole new marketing campaign so hopefully soon it gets going.

[This message has been edited by Dan Scott (edited 9/24/2009 9:31a).]

it's holding .045 pretty well today...maybe a little more life than usual in it. But I agree it goes nowhere significant without some substantial news.

I am in pretty heavily still and feel pretty confident about the company (and about longs holding support around .04).

[This message has been edited by SJEAg (edited 9/24/2009 9:34a).]

quote:

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It looks like around .04 is the bottom. Past couple days there have been large buys at the ask.

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OK, let me preface this by saying I am not calling this poster out, trying to be a dick, or anything like that... honest.

Trading this week (day/vol/close):
Mon 58K .042
Tue 95K .044
Wed 113K .045
Thu 127K .0435

I don't know how you could possibly say there have been any large buys at the ask (hell, or at the bid). I understand you probably mean relative size, but this stock is so thinly traded that there is nothing big about anything. Let us assume, for simplicity, that all shares for each day (i.e. volume) are purchased at the closing price. In fact, lets say just for fun that I was the only buyer... for the whole week. That would mean, for the week, here is what I spent to buy every share sold in this stock:

Mon $2,400
Tue $4,200
Wed $5,000
Thu $5,500

So basically, I could "corner the market" on this stock and buy everything for 17K. There is no way you can apply technical analysis or any other logic to something so thinly traded.

Now, let me add that... hell, who knows. This thing could double, triple, hit .25, .50, $2... who knows. I would just be hesitant to apply any perceived indicators of bullishness/bearishness on this. That said, one could probably make a ton, or loose a ton on this, if they were so inclined.

[Full Disclosure: I am not in the financial Biz. It is very possible, if not likely, that I have no earthly idea what I am talking about. Good Luck]

If you did what you posted above, the price would skyrocket because you would be creating an artifical market monopoly. That is the reason you dont trade penny stocks and over the counters off market orders.

Not offended at all don't worry.

What I meant is that for about a week it seemed that there were a large amount of shares sold into the bid. Lately though there have been large amounts bought at the ask and by large I mean that the share size volume was high compared to what we have been seeing. You're right, this is so thinly traded it's hard to know what is going on.

Well 280k volume so far today...which is twice that of the highest day posted above by Tab...any news?

I haven't seen anything. Bit concerned it seems to have lost its .04 support this week. Hoping things start to pick up as they're supposedly releasing some revenue numbers later this month.

This company is a tanker. I got out earlier this summer.

thanks for the insight ethio

Wtf is happening with this **** today? They release a new product and it tanks? Should I just stay in it or cut my losses?

It's up 10%...?

This was my first foray into pennies. I should have bailed on the first and only runnup to .17. I only have a small position so I will stay in case it gets pumped again at some point.

Same for me cjg...I've thought about adding to my position, but I'll probably wait until I see some revenue #s.

When I logged on this morning it hit .022. Look at the graph for today. Someone bought it back up though.

I tried adding when it got to $.025 but someone bought before me. This isn't going anywhere until they start releasing substantive revenue numbers and start acting like a real business rather than one that's still in development stage.

This thing has a long way to go for me to get out of the red. lol. I definitely bought the hype. Paging Levins Market.... good game sir.

I am not too red percentage-wise thanks to lots of flipping during the .04-.06 days and some averaging down. However, I now got enough shares where...
A) it's gonna hurt more than a penny should if they fold and
B) no way I can easily unload it all if I wanted to given their typical volume

so I am pretty much stuck and hoping!



[This message has been edited by SJEAg (edited 10/16/2009 2:52p).]

(C) you make a butt load of money when it runs to .20

look at it that way...im in the same boat with you and bought more at .0315 the other day

Down almost 30% today.

Wish I could get my .025 buy filled.

Ha you and me both...

I'm seeing a 0.025 - 0.03 bid/ask spread. That's really steep.

anyone think this thing will fold?

I don't think it will anytime in the near term. Further down the road, who knows.

quote:

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I'm seeing a 0.025 - 0.03 bid/ask spread. That's really steep.

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Unfortunately it's par for the course for this thinnly traded stock. A spread like that is pretty much the norm here.