Off Topic Cafe If it doesn't belong in any of the other forums. Post all Off Topic stuff here.

this stock just fell on it's face

Thread Tools
 
Old 08-11-2010 | 09:57 AM
  #11  
DTN's Avatar
DTN
Thread Starter
Moderator
 
Joined: Feb 2009
Posts: 11,731
Likes: 5
From: Leesville, Louisiana
Vehicle: 2001 Hyundai Tiburon
Default

This stock is down today with low volume. This means not many people support the downward movement. The stock has to go back up, it's total worth divided by outstanding shares equates to $.005 per share. So if they were to just liquidate the company, it would be worth more then their current price.
Old 08-11-2010 | 11:18 AM
  #12  
Visionz's Avatar
Administrator
 
Joined: May 2001
Posts: 23,223
Likes: 6
From: Upstate NY
Vehicle: 2010 Genesis 2.0T
Default

Just bought a little more. I'm at 100,000 shares now. Even if it goes to .05 cents, its a decent investment/return. Doubt it'll ever get back up to its market cap of .28 cents, but regardless...Im sure I'll make my money back plus some without any issues.
Old 08-11-2010 | 01:50 PM
  #13  
DTN's Avatar
DTN
Thread Starter
Moderator
 
Joined: Feb 2009
Posts: 11,731
Likes: 5
From: Leesville, Louisiana
Vehicle: 2001 Hyundai Tiburon
Default

Yeah, I averaged down to .0011 today.
Old 08-11-2010 | 02:25 PM
  #14  
majik's Avatar
Administrator
 
Joined: Oct 2002
Posts: 13,943
Likes: 0
From: ɯooɹpǝq ɹnoʎ
Vehicle: ǝdnoɔ sısǝuǝƃ
Default

^ that's $110 for 100,000 shares.
hmmmmm...................................

think we can create enough buzz to move it up a few notches? Maybe get a quarter per share return?
Old 08-11-2010 | 02:40 PM
  #15  
Visionz's Avatar
Administrator
 
Joined: May 2001
Posts: 23,223
Likes: 6
From: Upstate NY
Vehicle: 2010 Genesis 2.0T
Default

Exactly! And like DTN said, if they liquidate all their assets, it'll be worth more than just .0010 or whatever. So either way, I'll make my money back. I dont forsee me losing it.
Old 08-12-2010 | 08:11 AM
  #16  
DTN's Avatar
DTN
Thread Starter
Moderator
 
Joined: Feb 2009
Posts: 11,731
Likes: 5
From: Leesville, Louisiana
Vehicle: 2001 Hyundai Tiburon
Default

up 50% today... the bounce may be starting.
Old 08-13-2010 | 01:15 PM
  #17  
DTN's Avatar
DTN
Thread Starter
Moderator
 
Joined: Feb 2009
Posts: 11,731
Likes: 5
From: Leesville, Louisiana
Vehicle: 2001 Hyundai Tiburon
Default

This press release just came out today.. http://finance.yahoo.com/news/El-Maniel-In...ml?x=0&.v=1


This bounce may not be as high as expected. the company is valued at $0.0009/share.

Today it is up 80% so far, so it may be a good time to get out....




However, those of us in the balls of steel club are going to stay in until Monday or Tuesday.
Old 08-13-2010 | 02:59 PM
  #18  
majik's Avatar
Administrator
 
Joined: Oct 2002
Posts: 13,943
Likes: 0
From: ɯooɹpǝq ɹnoʎ
Vehicle: ǝdnoɔ sısǝuǝƃ
Default

Idea: Sell part to make 50% of your money back, and leave the rest in for a potential larger investment?
Old 08-13-2010 | 04:08 PM
  #19  
DTN's Avatar
DTN
Thread Starter
Moderator
 
Joined: Feb 2009
Posts: 11,731
Likes: 5
From: Leesville, Louisiana
Vehicle: 2001 Hyundai Tiburon
Default

In the last couple of hours it jumped to 144.44% where it started the day. It is a weekend so that means this stock ended the week on a very bullish note. Its a good idea to hold and see what happens Monday morning.

While that is a great strategy, I have a good feeling about this regardless of what the numbers say. I'm looking for another 100% and any signs pointing to a nosedive.
Old 08-16-2010 | 02:26 PM
  #20  
DTN's Avatar
DTN
Thread Starter
Moderator
 
Joined: Feb 2009
Posts: 11,731
Likes: 5
From: Leesville, Louisiana
Vehicle: 2001 Hyundai Tiburon
Default

well, there was a major dip today and I sold off 1/2. I should have sold off a bunch more. I'd expect to see stockroach getting on this stock very soon.



All times are GMT -6. The time now is 05:31 PM.