Post by
ScarletSpider on Oct 22, 2022 9:22am
There is always opportunities
right now people are very angry that this company has failed to produce anything has lacked transparency and over promotes itself along with what many feel has been absolutely wasted potential. The reality is many pennies 98 to 99 percent fail to deliver anywhere what we see in them and we get disillusioned by them. Eventually companies do get revenue and move towards more contracts but what people do is think more and more will come forgetting with companies it is a long drawn out process and in between cycles the share values start to drift down. Buy on rumor sell on news. Buy low sell high. Well does it really matter now should this as we expect will likely fall sharply that it is in any worse position? I think we all knew this would need to get monies from somewhere and that it was too long since hearing about anything tangible. If people think this is all moose pasture nothing here well why waste time with it? But if you think there is still possibilities of this company making any type of revenue then ok. Bottom line is that there will likely be a fair size drop higher volume and people buying up shares like someone said. We don't know who is buying what as there is a lot of ways to play dirty. Why people not naming names never did anything to show any type of support and confidence in this company for more than 3 years hits to what I and others said early on and this only in my eyes reaffirms it. Who knows where these go. With any stock not only this one I am coming to see it is best to keep ones eyes on a double or whatever near term decent run and cash enough out. I sold this down and bought some back and this will not be the only stock the majority have lost massive value are struggling badly due to simply chain issues and will likely end up diluting. The reality is many if not most pennies are well over 200 million shares a lot of which are making paltry revenues yet people dump tons of monies it companies perceiving they will actually continue to do something. Stocks are best traded/flipped whenever you see monies take some out. Now I will not go beyond all this and will continue to do as I have said....three time frames short medium and long. Because I believe this company will inevitably hit some sort of pay dirt in the near to mid term I will look to buy which then I could hold my 2000 core. I have been debating which equity I would do so on this or mrs. Mrs has had small useless purchase order type contracts and I suspect before anything meaningful it will be in a very similar position as this company and it pushed low of .10. I was thinking to grab some before anything else given even that I have 2500 shares but the cycles I am talking about has been ridiculous and all companies due to that get bleed out worse during bear markets. The big difference between these two companies however until this one finally does something is mrs had revenue. Now if I am wrong about mrs and it jumps up fantastic I hold what I do but I know I will not be wrong about dilution here for instance it has been announced. So I pick my price given I am definitely in no rush to buy any stock especially in a very weak market nor should I be in a strong one unless I have chosen my price point and buy on a ruse before a sharp one and dump off for a fast gain if it makes sense. This one will most likely gravitate to a nickel which is where I will likely buy a handful and wait. Whatever I get let's say 3000 shares at a nickel I will look to move at 2000 at a dime when it gets there. Do I think this company will not get to a dime from a nickel? No otherwise I would not be considering to buy it. Why would it do that well one contract news release should surely be able to get it there. Now I still have my 2000 I had said I am not sure whether my core will be all of it or half. I don't care what the past is I care about the present and doing what I said buy sell build looking across three time frames. Short medium and long. So hypothetically I sell 2000 out of 3000 shares get $190 for it not a lot I know but still better than what I paid a near double my cost is 110 so 80. Ok but I decided not to take any cost out of 1000 shares which puts 50 at risk however I have decided I will at least for now hold and add that to my core position having now 3000 shares and 190 to work with. Right now my 2000 are booked at 190 (9 cents) no matter what I am holding at least half for now but with this hypothetical all. So let's say I have 190 on 2000 shares then if another 3000 I buy for 150 plus 10 commission 160. So I will have 5000 shares at 350. If as in the example I sell and take out 190 I have 160 at risk on 3000 shares. I decide I will core 1000 for sure still having the other 1000 is indeterminate. The shares are at .10. My smart move would be to sell no less than .08 that will put me 10 less what I have at risk 160 on 3000 shares so I would move 2000 out for 160 less my commission. Ok I am at 10 loss but I still have 1000 almost all fully paid. I gave an example where the shares went down how to make sure to protect as much of my principle while positioning in a way I can still take shares for free or at very little cost. I still have all the monies taken out if it was not spent on other stocks and I would repeat the trading game looking to pull shares for free preferably or where the current book value to me is significantly lower than where the stock is trading let's say in this hypothetical and if my math is correct 1000 shares on 10 is 1 cent and say in the example I sold at 8 cents. Now because of what I said in the past and if I still want my ridiculous pie in the sky price what do I have to lose? $10 so I the whole scheme if that happens I lose what $20??? But I had shares explode hence why I will be intent on trying to keep at least 500 to 1000 shares. Now if the equity moved up I would keep 3000 if it didn't hit the 8 cents and gets stuck I keep the 3000. The point is trying to convey the time frames short I act when my buy and determined prices are hit...I consider short term 0 to 4 months mid 4 months to 1 year long 1 yr plus...so if I am holding as in that example something stale Ok no problem I pulled some possible working cash and hold my remainder at mathematically worked out points while not worrying about 1000 shares as like I said my losses will be very small but whatever potential is conserved. Now with that monies I pull out I will look to possibly put some of that into built cash. So let's say the stock did well enough as to my strike points for me to hold 3000 shares vs selling at 8 cents. I have 190 and let's say I am buying shares at a nickel or less quite a few right now. I don't want to buy under 2000 shares for reasons that at a dime I would look to sell...again not much monies but it is free shares I am after plus building the bank and going after more stock in the same manner. So I put 80 aside as I will need $110 to buy a stock at a nickel due to my $10 commission. So I buy 2000 with the intent to sell at around 10 cents and so forth. Small monies lots of work very tedious I know. But the fact is if I think monies is going to come putting everything at risk and with my track record I will be where I am and lucky with that one stock that makes me millions this way...not saying the stocks I held bought cheaper or almost bought couldn't have put me a hell of a lot better but even those collapsed. I talked about having 20k shares of pyr. I sold all of that down at near cost having 3500 shares left in 2019 and sold all those at near cost. The following year or so it hit $12 plus. I almost bought Mir 3000 shares for $150 5 cents per share that went to .89. I held hpq at around .12 average 20k shares sold then all down and those went above 80. Do you see what I am saying....things can happen even the pie in the sky but look at pyr today under a buck so you make sure you always make monies. Now if one believes in their strategy buy hold everything you will make tons of monies far be it for me to say anything. From my own experiences evaporated gains and where I am I have been assessing what works and doesn't work and why I have now looking to put this method in place. I am not saying it is the best or one needs to follow it etc I have only shared it because I believe that despite stocks taking a beating like this and people writing them off because they are looking for huge pie in the sky returns I feel confident that at any given time any stock will gain up to a double. I have seen through this horrible market the 52 week lows and where stocks got to 1.5 to 2 times up then start tracing back. One knows if you find the true bottom you will likely gain but will need to wait things out. We'll if the company is putting .056 as a raise and if what I said is true that this will gravitate close to that with heavy buying that is where for at least as long as the company has monies it will trade and possibly inch up from that is until there is radio silence no contracts. I don't think this stock at a nickel to six cents is a bad buy but it is how all things are handled. Now if I thought these guys have absolutely nothing I wouldn't say what I did however we know to this day this company has an awful track record well that is why it is being priced where it is. If people want safer stocks with at least something out they are there but still have their problems and why they are trading where they are. If knowing this is a horrible market with tons of supply chain issues contracts badly affected because of that there are a few things people can do...hold and wait it out, fully get out, or aggressively try to strategically trade while protecting a core position which is what I am doing and will do regardless of markets. Doubling out is powerful and that is what I will be looking at on at least a quarter position if not more up to a half whatever makes mathematical sense to pull out monies to go about as I had said. I don't think I will buy into this at more than a nickel. I already have enough shares and as I said will be fussy. There are a few others I was looking to build up which are down no dilution as of yet that I got to add to make any sense of holding. In any case one can make monies in any stock it really only comes down to taking some profits on something. I will not say how anyone should trade that is up to the person I only shared what I have been saying I will be doing as I had previously but because I did not quite follow I am not as far along but I am also not that badly hit whether I am using small amounts of shares or not I would proportionately be where I am. This strategy seems to give stable and excellent results in really horrible conditions from no more than 12 percent down to about 25 percent up. My intent is to be 100 percent up year over year I know that is quite challenging but I have never lost that as a goal. I know that when I read about stocks the average really good return long term is 8 percent so those who so call penny flip gunning for 20 percent are looking to 2.5 times the average. You may hit huge with some stocks not with others. For all that I have seen and experience for myself not only with stocks but in life I had to work extremely hard to get anywhere and it looks like I will have to do it here too. This is not a get rich overnight thing as many of us know but really how do you go about getting wealth. If you are happy with the positive mindset wait on all your position well far be it for me or anyone else to say anything. If you are not happy with the way things are going well then maybe you will consider changes again people need to figure all this out I am not a qualified person and even so one still needs to know their risk tolerance what they want and how to get it in a very pragmatic way with as little risk to them. More people I talk to have been saying you should only put 5 percent of your dollars at risk well that's not for me. Mine is 50 to 75 percent. In ant case I have not written this off nor any other stock. I know if I look at short to mid time frames to pull monies out create free cash flow follow what I have laid out with patience I will start to smile. Right now it has been brutal but so far losses overall small but that has to do with axe which my near 3 times up 75 percent is now 20 folks that's what happens. I did not take monies out to work with even if a few hundred. But I chose to hold all my position. That said, that has now become a buying target. I will continue to hold my 5000 averaged at .24 it has done a raise at .27 people including myself were not happy. It was systematically definitely manipulated down. In any case I see opportunity not overly concerned. My planned monetary injections is around $190 max a month. Now I have chosen a hard .30 ceiling to buy 500 shares. Assuming I get it that is $160 with commission. I have 5100 shares and will keep 5000 aside and try to possibly get that 100 to 1000 so Ok maybe I buy 600 for the 190. Now let's say that's all I end with. Because I know the buy in is .27 on the day of the news release it dropped as low as .255 it may drop low 20s still but will not likely stay there. Let's say Ok I just secure shares at .30 . I don't care about the near term. I am buying on the basis that I believe the stock should reach close to a buck maybe better. Now with 600 shares I paid 190. My target is definitely not a double for this but I will keep it in mind. Now let's say I get my dollar great I made 400 (600-10 commission -190) now suppose i only get 50 cents 290 after commission with a paid price of 190 so 100 profit not much profit but I got my 190 out and 100 profit 290 working capital and conserved my 5000 position. I can then buy other stocks as mentioned maybe at a nickel or a dime or whereever I get no less than 2000 shares. For me it is preserving my determined cores getting cash to work with and building the bank. Now suppose things went badly which they can't go that badly because the company has huge partners the only thing that can kill axe is the process fails which there is really a very small probability at that at this point as the company had continuous heat to oil wells for 6 months. In any case the risk is quite nominal at this point. So badly in this sense is dead monies as I will not sell at low .20s but mid to high which unless like I said things happen really badly I should consider .20 as the cut price. I paid 190 and let's say I sell at .20 that will be 110 net loss of 80. I wouldn't be happy but given there is far less of a chance of that happening it is well worth the risk to reward. But at this point I don't see a low .20s lasting if it should get there which really people buying a lot of it likely attached to Suncor Cenovus are not going to want their buys to get nailed. Just read all the news releases to see why I am saying what I am about the risk. Not saying to buy or not just wanted to show you guys that even the winners if you don't take monies out crash...pyr $12 at one time (I held at an average of .54 and sold around cost) was under a buck when I last checked. The point is if one takes something out anything you can keep buying and building holding some trading and building on the others calculating your risks and still have cash to work with. My strategy as I said will be to systematically build positions of long core shares either fully paid for or so little paid into the loss will be miniscule but the gain potential always there while always having cash to be able to do so and cash on hand. I havent fully achieved the harmony here but this is what I am personally after. The other point is my portfolio is skewed because of the bigger gains in axe relative to the bigger losses in others and trust me I can't sit on my laurels on this nor was I. Every stock I hold should not have more than a 10 percent loss wherein reality only 3 of my 7 are up axe about 25 percent yum like 3 percent and pei 7 percent then losses of 20 percent to 80 percent but because of small positions lower dollar amounts it results in no more than 10 percent right now but axe can possibly lose still last .30 raise .27 but I think it should hoover mostly between .27 and .30 until the heating starts again busted equipment but when it does I expect some sort of pop maybe into .40s possibly .50. In any case every move I make needs to be purposeful calculated and one that I seize on some gains again based on math and desired minimal for now around 200. Doesn't seem like much but my overall assets are hovering around 2000 to 2500 not many shares but that's not important the mechanics to building wealth smartly is and that is what I am after. Do I think I can get my 100 percent year over year. Well if the core shares that are left behind pull a pyr .54 to $12 a year or so following selling my last 3500 at near break even you tell me? Not all will do that but some may and that is again why I leave the cores and do my job with the rest. I know I will get what I want as I said in the past I always do at some point so I am not concerned about that future point I am concerned about today building to that. In any case there is always opportunities and as I mentioned the Gambler every hands a winner and every hands a lover but if one takes monies out regardless of overall gain or loss you give your chance to at one point gain. If you tie it all up well you don't and you lose time as well as take unrealized losses that can be strategically worked through. I would personally rather build wealth and keep moving forward progressively stably than just sit and wait. For what I am after sitting and waiting is not my best option it may be for others just not me. In down markets it is very challenging picking where to put money because there is so many options all of which if bought at the right time handled the right way should bring some good near to mid term gains. My losses my stupidity that's all time I keep improving on that. Good luck folks. But yeah I got 3 oil and gas stocks pei pqe and axe I am holding what I have left as core. To get pei shares I needed to render nearly half my pqe where there was no intention to but that move proved profitable I'm 7.14 percent up there 60 percent down on pqe that has been a real rough stock and the sooner that consolidates 10 or 20 1 the better. I will at some point try to buy those shares back but that is lower on the priority list as when I do those are cores I am right now looking to buy short to mid term flippers. Pei is an option but I am a little concerned about the full dilution of supposedly 500 million shares and tons of 5 cent warrants so I am holding off averaged at .07 my top strike point for neat term .10 because on bought shares I am looking at .15 to .20 sell off which may take about a year to get to. Right now the metals are hot anything with electric....I don't buy into energy mining etc unless the process is greened that is why I bought into axe then pqe and then pei..anyways I am weighing factors and not into rushing my buys and seeing what can pull the stocks up or down. With having a core it makes it easier even if I miss on a run up that I still have shares so no fomo lol
Comment by
ScarletSpider on Oct 22, 2022 9:47am
sorry on my cell and I am rambling. Folks there is always opportunities to gain it is all really how we play our hand that we bring to ourselves. if I thought this company is absolutely junk despite the dilution I wouldn't touch it anymore and would be selling my 2000 off fast and not look back but I am not doing that. I still see potential here. Good luck all.
Comment by
ratsnake220 on Oct 23, 2022 1:04am
look spider nobody is going to read more tan 100 words? their is no news that helps....only tat the admit dire financials.... that is all they said
Comment by
ScarletSpider on Oct 23, 2022 7:15am
Snake contract news and showing they can get them with high gross profit margins is what is needed. The company's grace period is way past up!!! Time for the company to answer back with roars not silence.
Comment by
ratsnake220 on Oct 23, 2022 9:33pm
SPIDER IN ORDER TO HAS GROSS PROFIT MARGINS YOU HAVE TO HAVE SALES? This is a head fake...but let see what happens tomorrow
Comment by
ScarletSpider on Oct 24, 2022 12:43am
I fully agree Snake I will be watching the volume and push back price. This shall be interesting to see what happens prior to anything tangible contractually speaking.