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Must be nice to have 100k in disposable income :thumbsup
Hope you make some serious coin on this Jay! |
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23% down lol, people are so fucking stupid sometimes it boggles my mind
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Oh the stories I could tell about cmkx.
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http://finance.yahoo.com/echarts?s=O...e=off;source=; i think says it all.
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I have accounts at tradeking & Zecco. Both are very nice.
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last 30 min this stock went up .90cents, wow. I think we have a winner.
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all the cash jay is holding in my sig, he made in the market
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Doing a bit more digging, Orofino Gold Corp (ORFG) changed it's listing in December 2009 from SNT Cleaning Services (SNTI), formerly SNT Networks Inc, formerly "Clean 'N Shine'. http://finance.yahoo.com/news/SNT-Cl....html?x=0&.v=1 "SNT Cleaning, Inc., a development stage company, focuses on providing cleaning, detailing, polishing, and valet services for automobiles, recreational vehicles, vans, and trucks in the Westlock area. The company, formerly known as SNT Networks, Inc, was founded in 2005 and is based in Westlock, Canada." As you must realize, a company that changes not just it's name but it's whole business model does not inspire a whole lot of confidence. From what I have seen, such changes are usually for the purpose of concealing their past performance. |
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so who's the winner?
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sorry, wrong thread
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especially if you have 2600 shares
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Thats a reverse merger. Old company goes out of business and becomes a shell that a private company uses to go public without having to do an IPO. The real story here is all the loans that are convertible to stock at $0.0075 (yes less than 1 cent). So whoever "loaned" the company $50k really bought stock at less than a dollar a share that can be sold under rule 144a. |
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I was thinking of coding something that tried to algorithmically figure out the best penny stock to buy (like pennystockrumble probably does) and then do an ongoing simulation of how much you could make, but that probably wouldn't work, right? The value of penny stocks would be heavily influenced by REAL purchases which you can't simulate? Still, interesting to think about. :thumbsup |
100 - pennies:pimp from 1 penny to -1 penny in six weeks :Graucho
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Solely, my opinion, I would never assume anything but positive things about this fine company ORFG.
1. Modern day P&D's are almost always a Chinese company that did a reverse merger. There have been a truck load of these lately and the SEC has done nothing about them. They have all imploded, been delisted, etc etc. http://www.zerohedge.com/article/dee...e-merger-fraud http://www.zerohedge.com/article/mos...anagements-all http://www.businessinsider.com/inter...ncrease-2011-4 http://www.fool.com/investing/intern...d-to-know.aspx 2. Historically, most P&D's choose a "hot sector". Gold, and commodities in general, are hot right now. "Green Energy" is also a hot pick for P&D. In the late 90's it was tech stocks. 3. Historically, P&D's have their "finds"/"technology" outside the USA. Can you say "BRE-X"? Totally unrelated to the above, lets review ORFG: - Its headquarters are listed in China Headquarters: 93-B342 Xinliu Street, Zhongshan District 116001 Dalian CHN - It recently had a reverse merger - It is investing in Gold - They are mining in Colombia With all of the above considered I would have to put a strong BUY on this company... Cramer: "BUY BUY BUY" |
It's true, same goes with nickel.
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Thanks for the buy recommendation :pimp |
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Bump for the penny stock pumpers...lmao
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jay, are you still holding aapl?
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The issue with this stock is its a pump and dump. What will get you is the low low volume. Average daily trade is 300k shares. It is at a high right now with 2million trades aday. The problem lies when you go to dump it. The share price will typically fall faster then what you can sell when you sell large #s of shares being it has so few shares being actually traded.
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On a side note, I think you meant "meant" and "hundredths". |
Game plan for screwing you:
Issue 100 millions shares at 3/4 of 1 cent (0.0075) - done Hire a promoter to get volume in the stock - done Wait till rule 144a lockup expires on shares (june) - 6 weeks (coincidence?) Unload shares. - pending As long as the price stays above 1 cent they make money and you loose. They could sell shares at 2 cents each and still be making a 3x on their money. |
Pathetic .......
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4 weeks to go! *thumbs up*
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Things must be pretty bad if xxxjay is a paid penny promoter now.
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Your going to see a record number of IPO's the next few years, the SEC is too dam lazy and the banks have too much cash, this is the age of M&A and IPO. Make all of your companies into one holding group, hire a great CPA, IPO then get out.
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Not saying xxxjay is a promoter, just that there clearly is *a* promoter working the stock. Responsible for the abnormal extreme increase in volume. btw good promoters clean up. things are definitely not financially bad for them assuming they can sleep at night. |
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