On the subject of risky plays... FTCH

63,688 Views | 1050 Replies | Last: 5 yr ago by Ulrich
Ragoo
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AG
Levins does this mean I have probably missed the ship on this one?
hud1225
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AG
Are you sure about that Levins?

I see NITE @.16, DOMS @.17, VERT @.22, and HDSN @ .80
Levins Market
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Yes, they all jumped to $1 except HDSN for a minute.... NITE got a sell order back.
hud1225
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AG
I don't think you missed the ship. I think this thing could double today especially if they announce another new contract.
Levins Market
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No you haven't missed the ship. The $1 game at this point in time is only expressing that they don't have shares at these levels.
txag020202
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quote:
30aga03,

Thanks for your concern. I don't understand why you're so upset about this thread though.


I am not upset one bit. On the contrary, this thread has entertained me. I seriously hope each of you become billionaires and donate heavily. I just find humor in the constant peddling by one individual of something so risky.

quote:
short it.


I haven't the slightest clue as to when ("if" for the optimistic folks) it may dip.
Ragoo
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AG
just got in at 0.17 for 720 shares
BT1395
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AG
Levins - I just subscribed to LII on TD Ameritrade but can't see the MMs for FTCH. Where are you seeing it?
wealeat09
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AG
I am still kicking myself for not grabbing more at .03, whatever though, I'm liking what I'm seeing.
MEENag
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AG
From TDAmeritrade page on OTC trading:

Potential Risks Associated with OTCBB Trading

Fraud - OTCBB securities are frequent targets of fraud or market manipulation. Not only because of their generally low price, but also because the OTCBB reporting requirements for these securities are less stringent than for listed or NASDAQ traded securities, and no exchange requirements are imposed. Dealers may dominate the market and set prices that are not based on competitive forces. Individuals or groups may create fraudulent markets and control the sudden, sharp increase of price and trading volume and the equally sudden collapse of the market price for a security. You should carefully review all of the information regarding the company you intend to invest in, prior to trading in OTCBB securities, or any other investment.
Please report any suspected occurrences of fraud to your state securities administrator, the NASD or the SEC.

30aga03 isn't the only one smelling something fishy. Good luck to those holding.
dreyOO
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well i'm cynical of a lot of other irrational stock moves, not just the penny ones. i think the theme here is consistent with anywhere.

buy what you are willing to invest and possibly lose. real simple.
Levins Market
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Guys... it would be fishy if I said it were fool proof and I didn't include a DD summary.

I told you guys to read the DD, do your own research, and then play at your own risk. I guess I don't see the fishyness in that??

This is a legit company that isn't a pump and dump. It has gone green 8 days in a row, going on 9 days. Pump and dumps don't do that.
cjg89
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AG
Levins has been very up front about telling people to do their own DD.

I want people to come on this board with suggestions and ideas for investments.

swingline
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quote:
I want people to come on this board with suggestions and ideas for investments.


Agreed 100%!
BT1395
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AG
HUD or Levins - what are you seeing on Level II b/c this thing is getting jacked with right around 16 for lots of shares
Cru
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S
I echo BT. Post a screen shot plz.
Levins Market
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We had a dumbass whacker come in...LOL, he could have sold at ASK but he couldn't be patient and wait 2 minutes to get filled, so he dipped it to .16 then .159.... he's gone and weeded him out. I hope he enjoys his profit at those levels. We are back up to .17 and hitting it.

Here's level 2 ASK...

1 @ .17
1 @ .18
1 @ .51
3 @ 1.01
1 @ 2.00

SJEAg
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AG
Still think a PR may happen today?
Levins Market
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Their last couple PRs have come out in afterhours. Yeah, I think today is a great time for one, and think it will happen. They are launching Ascend this week/early next so I'd imagine they would have one about that.


Guys, I'm working on getting a screenshot for you, quotestream isn't working right now for a lot.
txag020202
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quote:
Levins has been very SHAMWOW! about telling people to invest in FTCH with a common sense caveat to do their own DD.


FIFY

quote:
I want people to come on this board with suggestions and ideas for investments.


I want people to come on this board with suggestions and ideas as well. I have learned a bit from certain posters over the years.

Levins, serious question: Are you more excited about FTCH than you were about SPSN? http://www.texags.com/main/forum.reply.asp?topic_id=1396273&page=3&forum_id=57
Ragoo
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AG
30aga03

if you don't want to play, dont. you don't have to be a doowsh.

if we get burned by levins, doubt we do, but if we do TA will take care of him the way TA does. he will be banished to the ends of the interwebs.
Cru
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S
30aga03, you mean to tell us stocks are an inexact science? no wai.

Yes, it's a risk. Yes, so far in 8 days it has been green every day. Yes, we can lose. Yes, we understand he pumps this while telling us to do our DD. Yes this company is in a market with only one competitor. Yes its an OTC, which can be fraudulent. Yes, he has been wrong. Show me an investor that has never been wrong. Yes it appears like you have sour grapes because you didn't get in it at .02. Yes I'm sorry for that.

Yes I put in what I'm willing to lose. Yes I've set a trigger to make sure I still bring home a profit.

Thanks

[This message has been edited by Cru (edited 5/14/2009 1:21p).]
txag020202
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Thanks for the lesson Cru!
Levins Market
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I actually appreciate your candor and challenges. I think you have good intentions and want to see people do well, and I think you have a lot of reservation about my pick(s).

Would you like to see my portfolio? Maybe we can go through the ones in the red and nitpick those. Hell lets throw out my blue stocks, and just do tech, pharm, and energy.

As for SPSN... SPSN and FTCH are nothing alike. SPSN still has a lot going for it despite getting the Q. All news points to emerging out of bankruptcy in July, barring a buy out by Micron or the likes before then. They were supposed to announce earnings late April, but that was pushed to May 18th. We'll see on Monday, what those look like. I still think SPSN will go back to a $1 plus when the emerge out of BK. They have new product that is huge for the green initiative. If they get bought out for a nice price, we could obviously see higher.

SPSN was an established company that went bankrupt. FTCH is a startup with a needed product.



** Frankly, I think me and you would get along despite your push to grate my nerves here. I can be a crass ahole as well...
Cru
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quote:
Thanks for the lesson Cru!


No no, thank you for the many lessons you've taught in this thread, cj.
Not trying to be a dick, just saying yes, we understand your concerns..they are mine as well. I'm just risking it. Again, thanks

[This message has been edited by Cru (edited 5/14/2009 1:53p).]
Levins Market
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Last snapshot of Level 2 I got... Its still the same basically. NITE is at .17



[This message has been edited by Levins Market (edited 5/14/2009 1:46p).]
MEENag
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AG
Again, from Ameritrade warnings about OTC stocks:
Risk of loss - Investing in OTCBB securities can be very risky. You may lose all or part of your investment in OTCBB securities. These securities represent shares of new or small companies. The financial condition of such companies, as reported in a prospectus, can change very quickly. Any report (whether substantiated or not) of the company's deteriorating financial position or news which would affect the company's financial condition may lead to a dramatic decline in the price of a security.
The dealer's spread (the difference between the bid and ask prices) may be large and may result in substantial losses to you if the stock must be sold immediately, or you may incur an immediate "paper" loss due to the price spread. Moreover, the dealer may have no bid price on the security making it impossible for you to sell your shares.

Cru, and everyone else should pay attention to the last line.

To be honest, despite things seeming suspect I was trying to throw $1000 into this via my Ameritrade account, but it kept not letting the transaction go through. That lead me to Ameritrades
warnings about OTC stocks which describes under the headline of "Fraud" exactly what Levins has admitted is happening. I'll admit that I'm jealous that I wasn't in at .03, and I'll admit it again
if/when this thing continues to make solid gains, but I don't think that it will end well. That's just my opinion though. I welcome you to flash virtual wads of cash in my face.

Also, saying something is risky and to do your own DD is not a forcefield to criticism and questioning, especially when blatant pumping is happening.

I've only been investing in stocks for a couple of months, so I imagine most everyone on here knows more than me.
Levins Market
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Have your own opinion, but to say it won't end well without any reasoning is funny...

Tell me why!

FTCH isn't your normal pink and one of their goals is upgrading their listing fairly soon. That right there tells you they are dedicated to their investors.

Hell, call the IR number on their website and talk to Jim. He might open your eyes a bit.

[This message has been edited by Levins Market (edited 5/14/2009 2:13p).]
backintexas2013
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AG
I buy these stocks from time to time. I am just giving you my two cents but the same people that criticize me for buying them are the same ones that go down to the local casino and lose a couple of thousand playing blackjack or god forbid bet on A&M in football. I think everyone knows, or should know this is a gamble. No different than playing craps, blackjack, etc... I use the same money I use to bet on sports and I think as long as the person states this is a gamble, which it seems he has, then he is just giving his opinion and I for one appreciate it. I may never buy a share of it but I have been studying it because of his thread.
Cru
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S
MEENag thanks, I appreciate it. I really do. That wasn't condescending at all, and it's a lot easier to listen to when it comes across in a good tone.

I hope to not lose money, this is a risk I'm willing to take on this one. Again, thanks...hope it doesn't backfire.
HawgDriver1
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AG
I envy those that saw this thread from the beginning and jumped in. It was already in the teens when I had the opportunity and am now simply watching for the entertainment.

That said, I've actually learned quite a bit following this thread which I appreciate. Unfortunately, I lean more toward those guys that are providing the warnings, but hope you all have actually hit a jackpot. Good luck.
MEENag
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AG

I didn't say that it will end badly, just that *I think* it will end badly. My reasoning is built into my posts, but to make it more overt..... What you are saying is happening behind the scenes
with this stock is what Ameritrade labels as fraud. Fraud doesn't usually end well for at least one of the parties involved. The movement of this stock is seemingly based on nothing. I might be new to this game, but I have trouble believing in 5x gains with virtually no news behind it.

btw, I'm not making any judgements on the company itself or its viability, just the movement of the stock price.

Good luck to all of you.
Levins Market
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quote:
with this stock is what Ameritrade labels as fraud. Fraud doesn't usually end well for at least one of the parties involved. The movement of this stock is seemingly based on nothing. I might be new to this game, but I have trouble believing in 5x gains with virtually no news behind it.



Ameritrade doesn't label any stock as fraud. It gives a warning that OTC stocks can be fraudulent... A LOT OF THEM! That is true, but they don't label this stock as fraud.

We have 5x gains BECAUSE OF NEWS and revenue number releases FROM THE COMPANY. LOL... please read the presentation in the first post, before saying stuff like that. We've had news virtually every week for the past few months.
cjg89
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AG
quote:
as long as the person states this is a gamble, which it seems he has, then he is just giving his opinion and I for one appreciate it



Agreed.

How exactly is this different than those that bet daily on which direction the market is going via EFTs? They went to PM, but were admitted gamblers.
Levins Market
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MM NITE is a beyotch!


We hit the ask at end, and he held our orders for afterhours, not allowing the .175 ask and .20 ask (that was up for 15 seconds) to be hit.

NITE is the one holding this back from .22 ... everyone else .22, .295, .51, .65, .80, then $1 and higher.
 
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