Tempted to by Fountain Stock at this price
02-18-2009, 08:17 PM
#31
Gold Member
Yep - you can tell just from looking back at the last few statements that they are working with him.....
You do have to wonder when they get worried. I would want my money back, but the marketing/PR stuff is all part of maintaining an ongoing business, so there are definitely 2 sides to that coin....
You do have to wonder when they get worried. I would want my money back, but the marketing/PR stuff is all part of maintaining an ongoing business, so there are definitely 2 sides to that coin....
It's a business. Shareholders that gave the company all that money to go public are pretty much bust, unless they were the first ones out. There are real companies to invest in, even today.
02-20-2009, 12:35 AM
#32
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I'm far from an investment expert, but did anyone else realize that the stock closed at $0.08 on Wednesday, yet Thursday's intraday high was $0.26? I'm kicking myself for not buying 62,500 shares yesterday (after reading this thread) for $5k, selling at $0.25 and recognizing a $10k + profit in 5-6 hours after the market opened . . . anyone else thinking the same? 
02-20-2009, 07:34 AM
#33
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I'm far from an investment expert, but did anyone else realize that the stock closed at $0.08 on Wednesday, yet Thursday's intraday high was $0.26? I'm kicking myself for not buying 62,500 shares yesterday (after reading this thread) for $5k, selling at $0.25 and recognizing a $10k + profit in 5-6 hours after the market opened . . . anyone else thinking the same?
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Last edited by klaw; 02-20-2009 at 07:40 AM.
02-21-2009, 06:11 PM
#34
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My father and I used to day trade for years, after his first heart attack he couldn't go to the Bahamas to play blackjack, so he started playing the market instead. Did very well just watching CNBC and buying and selling whatever they were touting in the morning. Moral of the story, you are absolutely right, it's gambling and it's dicey at best!
I still think, and this is just my opinion, that it might be a worthwhile stock to day trade. As I said in my previous post, had I bought on Wednesday morning's open at eight cents, selling at a quarter . . . buying $5k again at nine cents on Thursday morning's open, selling at twelve cents and recognizing another $1600 gain. Monday, it should open at five cents again. Risky, but potentially profitable for a relatively small potential loss.
H
I still think, and this is just my opinion, that it might be a worthwhile stock to day trade. As I said in my previous post, had I bought on Wednesday morning's open at eight cents, selling at a quarter . . . buying $5k again at nine cents on Thursday morning's open, selling at twelve cents and recognizing another $1600 gain. Monday, it should open at five cents again. Risky, but potentially profitable for a relatively small potential loss.
H
02-22-2009, 08:03 AM
#35
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You'll loose that 12 cents for sure. I'm an energy trader so our market is a little different, but the chance of a 12 cent per share company doing anything but filing bankruptcy is slim and none. The chance of a stock under $5.00 not going bankrupt is somthing like 10-15%. Drop to under a dollar and you're in the 1% or less chance of survival. He'll go Ch 11 and take it private. By by 12 cents.....
02-22-2009, 08:27 AM
#36
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if he can't afford to buy it all for .08 and take it back private, then he's in more trouble than you think.. .08 isn't even the price of a stick of Double Bubble gum and you know how long that taste lasts..
02-22-2009, 02:10 PM
#37
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02-22-2009, 05:53 PM
#38
Figure out how much debt there is, how much you expect them to make, or lose the next three years, then divide by the shares outstanding and tell me if it equals 8 cents or not.
02-22-2009, 11:03 PM
#39
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iTrader: (1)
I'm far from an investment expert, but did anyone else realize that the stock closed at $0.08 on Wednesday, yet Thursday's intraday high was $0.26? I'm kicking myself for not buying 62,500 shares yesterday (after reading this thread) for $5k, selling at $0.25 and recognizing a $10k + profit in 5-6 hours after the market opened . . . anyone else thinking the same?
My father and I used to day trade for years, after his first heart attack he couldn't go to the Bahamas to play blackjack, so he started playing the market instead. Did very well just watching CNBC and buying and selling whatever they were touting in the morning. Moral of the story, you are absolutely right, it's gambling and it's dicey at best!
I still think, and this is just my opinion, that it might be a worthwhile stock to day trade. As I said in my previous post, had I bought on Wednesday morning's open at eight cents, selling at a quarter . . . buying $5k again at nine cents on Thursday morning's open, selling at twelve cents and recognizing another $1600 gain. Monday, it should open at five cents again. Risky, but potentially profitable for a relatively small potential loss.
H
I still think, and this is just my opinion, that it might be a worthwhile stock to day trade. As I said in my previous post, had I bought on Wednesday morning's open at eight cents, selling at a quarter . . . buying $5k again at nine cents on Thursday morning's open, selling at twelve cents and recognizing another $1600 gain. Monday, it should open at five cents again. Risky, but potentially profitable for a relatively small potential loss.
H
As for trading, like most professional careers it requires a combination of experience, hard work, and talent in order to to be successful. Most people who try it and fail lacked one, two, or all three of those characteristics.
02-23-2009, 10:25 PM
#40
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That's a very good point about the volume of stock traded. Although, on Wednesday when it ran up to $0.26 there were something like 48k shares traded. Tuesday had nearly 34k shares traded, and Thursday nearly 29k. Somebody must have had the same thought process as I did, and someone must have been there to buy his shares!
