cadillacdave
3 days ago
He may be permanently upset with me, as his feathers have been ruffled, but that's ok. I like to hear what he and others have to say, as it's their opinions, and all opinions should be welcomed here. It doesn't make them right or wrong.
At least the old owl is starting to see the light and buying low, rather than following (what I deem foolish advice) and buying up to .70. But that's my opinion and strategy.
The key to penny stocks is acquiring a large position at a cheap price. Too many folks look at penny stocks and try to trade or invest in them, like its AAPL or MSFT. Those strategies rarely work here. Charts are useless, due to the low volume and volatility.
One can always buy at the ask and acquire shares, only to see the price drop within the next few days. So to be well positioned, it's wise to pick up as many shares as possible, as cheap as possible. Then when a spike comes, you are profitable, if you unload. You can always buy back in because the nature of penny stocks is to pop and drop.
You don't monetize your investment until you sell some stock at a higher price than you purchased it for.
Remain patient and good luck to you.
cadillacdave
3 days ago
Welcome back! Glad you enjoyed your vacation. Monaco is an enchanting country.
The atmosphere of the F1 is exciting. However, the race, in Monaco, was widely regarded as boring.
Your team, McClaren, finished in 2&4. They also started in positions 2&4. The winner of the race started in the pole position.
So there was essentially no passing within the ranks of the top 10 cars. Passing is nearly impossible in Monaco, with the narrow streets and wide body cars, which is why they are considering rule changes in the future.
Now back to business. It seems as though the company is headed in the direction of gaming. We know that you believed that WDDD would be a player in the crypto space. Obviously, there can be overlap between the two. What are your thoughts on the new direction?
cadillacdave
1 week ago
Only 176k shares traded today. Yet the price went down to
.0245. It doesnt take much to move this stock, in either direction. Just another example of why pay more.
If one believes the stock is headed higher, then you assume some risk and buy as low as you can. Once news hits and you try to buy, it wont be at .05 - .10. It will spike higher than that. Then the inexperienced will chase it, wanting to get in on the action and not miss out. That will drive the price higher and thats when I will be selling the shares I acquired at .018 -.026 range.
Then in a few days, the price collapses again, and you lose money because you chased it.
Have to remember, this is a penny stock, not MSFT. It's not stable and subject to price fluctuations.
The key to penny stocks is acquiring a lot of shares and as cheap as possible. Then when the price moves up, you are profitable and can make $$.
Good luck to you!
cadillacdave
1 week ago
And a pleasant update! Picked up another 58k shares today. So when one states that "maybe you could pick up a couple thousand. But if you wanted more, you have to pay the ask." - I respectfully disagreed with that premise.
118k shares picked up over two days, sort of dispels that theory - "you have to pay the ask".
Like I have said, enter bids below the ask. It's a penny stock and subject to volatility. If there isn't news or a catalyst every few days, it bleeds off. People don't like when I say that, but the facts speak for themselves.
As Stark suggested, if you want a specific number of shares, you can pay the ask and get them. But in my opinion, once you start paying the ask, it artificially drives the price up (if you pay .04 for a sizable amount it will drive the price up to .06 doesn't take much to move this stock) and you pay even more, only to witness the share price collapse a few days later, and you could have acquired approximately twice as many shares (118k @ .026 in two days), which is what I have successfully demonstrated in the past two days.
Good luck in your trades!
cadillacdave
1 week ago
In my opinion, you stating that placing an order below the bid is "low risk, no reward", seems to infer it is a waste of time. For sure, you don't advocate the practice.
Even your statement now, " you can still catch a fish even when you use the wrong bait", would seem to indicate a foolish pursuit, one not doing something the right way. So the only logical conclusion one would draw is that is a waste of time, not a worthwhile venture etc.
Despite your clear statements, you now back away from them, rather than support them. These are your words, not mine. I did not twist what you said.
You made a statement critical of a strategy, I have employed. Nothing wrong with that. I welcome input, suggestions, alternative ideas etc. Maybe I can improve or change the strategy to make it work better, or maybe not. But you go on to say that one could only acquire a few thousand shares that way and the example you use is 10k shares. So I post a factual example the very next day where I acquired 60k shares and your response is littered with "if there was news you wouldn't have gotten the shares" type response. Basically sour grapes, on your part. But I did get the shares, showing that the strategy does in fact work and is not a waste of time or "no reward" as you said.
I actually acquired nearly 500k shares in the past few weeks, with this method, but the 60k was the most recent acquisition. But I am not on here posting every daily victory.
A few days ago someone picked up a nice block on the cheap. Another poster asked if I got them. Too bad, but it wasn't me, so not on here posting victories or self adulation, as you say. I missed some shares one day at .0251 as I had an order in at .025. I also posted I thought news was coming that week, and was wrong. But within a week or so there was news.
Your reasoning that I did not get the shares I wanted, doesn't apply to me. I already have a very significant position (but I don't come on here and brag about how many shares I have - like L4BC), in addition to the bottom fishing here. You fail to recognize my perspective and see your viewpoint as the only viable strategy. I am not trying to acquire a specific number of shares. I am willing to pick up whatever shares are available, on the cheap. By doing so, I amass hundreds of thousands more shares than paying the ask, which is what you suggest.
I aim for maximum extraction and profitability. Anyone who has ever run a successful business enterprise would understand this simple concept. This is the difference between driving a 12 year old Honda Accord and being chauffered in a Maybach, and I'm not in the Honda.
As for L4BC, yes I have given him a hard time, but I hold him accountable for his often boastful and incorrect statements. His recent blunders 1) We are now set up to run with crypto or entering the crypto space etc. 2) he also said he did not expect news for a few months. He also pumps the stock and has suggested buying up to .70, and you would be ok. His posts are written in a manner to suggest he has spoken with Thom and has insider information. But clearly, his erroneous calls here show, that he does not. He also breaks the terms of service and posts/pumps other stocks. Most of his posts start out with how successful(he thinks) he is, world travels, etc., to lay the foundation for how smart he is and we all need to listen to him. I would be the first person in line to listen to him, if he was correct - but count me out.
So in my opinion, he was wrong on both accounts. Some here, myself included said we would be entering th gaming arena. No doubt crypto will be a factor as a payment method, but it doesn't seem that the company is becoming a crypto dogecoin. Also right after his prediction that news would take a few months, news was released. So he was off base again. He also pumped up the Bowie world experience and NFTs, which I said would be a failure, and both were.
When L4BC comes on here saying he is the smartest etc. and go for it anyone trying to challenge his supreme authority here, it is laughable. Clearly, a very insecure guy. But you don't seem to have any issues with any of that. Yet, when I respond to a post critical of my strategy, you attack me personally. No big deal, I can handle it. I'm not whining like L4BC, that people should be removed from the board etc. I'm just pointing out the hypocrisy of your position. I don't attack you personally. I simply pointed out, the difference of opinion/strategy and showed with facts, that my strategy works.
I never said your strategy did not work. Clearly, it's the simplest easiest method to acquire shares. Pay the ask and one will always acquire shares. I just want more shares for my $$. It's just a different perspective or viewpoint, which has served me well.
Perhaps I should ease up on L4BC, but some.of it is in jest, and we all need a little humor from time to time, as watching this stock (until recently) is like watching paint dry.
You are correct in that we share a common goal here, in securing profits. No doubt there are many ways to approach that process. I wish you and everyone here the best of luck in that endeavor!
cadillacdave
2 weeks ago
I agreed with you that the cost was inconsequential, for small purchases of 10k or so. However, I clearly stated that for larger purchases, the costs do add up and why pay more?
You stated, "You didn't pick up the shares you wanted. Maybe you could have at the ask." I picked up 60k shares as my strategy stated. It seems to me like you are the one trying to prove me wrong here. I was simply stating a fact.
Your statement is riddled with "ifs" - if there was news, if I didnt pick up the shares etc. But there wasn't news, and I did pick up the shares. I tend to focus more on results than hypotheticals, but again, we have different strategies.
Now you say that you weren't saying it is a waste of time! Your statement was "low risk, no reward". That sounds like a waste of time to me. But since I acquired the shares, it was no effort > patience = reward.
So, yes I did pick up 60k, as part of a larger order. Maybe more gets filled tomorrow or next week.
No self adulation - just the facts. You stated your opinion and I stated mine. The problem here is you don't like my opinions. I guess you don't have any problems when L4BC boasts about how he is smarter than everyone, because you are on his train, and thats fine.
I did not say your opinion is wrong. It's your opinion and/or strategy. But it bothers you that I make a statement and then happen to back it up the very next day, as I pick up 60k shares, below the ask (which I have done on multiple occasions).
Another poster (OP1) stated it the other day, that this is becoming more difficult to do now, with news out etc. I agree with that completely. No doubt there is an element of luck in acquiring the shares on the cheap.
Two weeks prior, I picked up 100k+ shares. It's not like I possess some magical skill, but the strategy has still worked out, due to patience and planning.
Your points are not lost on me at all. If there was a news release then I likely wouldn't get the shares. Totally understand that. But my point doesn't seem to resonate with you - that penny stocks are volatile, they pop and drop all the time. I have more than enough shares here already, but I'm willing to pick up more cheap shares along the way. I'm not just building a position now as a newcomer, so I'm not left in the dust as you say.
You mentioned the other day you bought shares at the ask and would have bought more, but did not want to liquidate other stocks. If you purchased the shares cheaper, you may not be in a position where you have to choose.
As I have stated, there are lots of strategies here and we all share ideas. If they are profitable, then I guess they were good strategies, no matter who posted it.
I simply reported a strategy that I have employed and posted back the next day, that it worked. Unfortunately, that seems to bother you, but that's kind of what the board is for. You may not find what I post beneficial, but others might.
No reason to be rude or let your emotions get the best of you. If you don't care for my opinions, ideas, or strategies, I would suggest blocking my posts.
Good luck in your trades.
cadillacdave
2 weeks ago
What you say is true, if one is only trying to buy 10k shares. But if one is seeking to buy 100k-200k or more, the cost starts to add up.
Although, it seems like the stock is headed higher, no one knows for sure. So why pay more?
When the stock was at approximately .038 - .04, I had a buy order in at .025. so not sitting at the bid, but significantly below the bid. It took two or three weeks, but filled an order of 100k+. Penny stocks are volatile and there are always sellers, if one is patient.
Buying up to .70, as some here have suggested, could still be profitable, if it runs into the $1 - $4 range. However, building a position of 500k- 1 million shares, on the cheap, can be very rewarding. One could sell at .70, (while others are still buying) lock in nice profits, and buy back in and play with house $$, if it continues to rise.
Lots of different strategies. Doesn't mean any of them are right or wrong. Everyone has to do what works best for them.
In my opinion, if it's profitable (doesn't matter whose idea or strategy it was), then it was a good strategy. That's the benefit of the board, to hear the ideas and opinions of others. Everyone can benefit from that, if they care to.
Good luck!
cadillacdave
2 weeks ago
A lot of folks sold in the aftermath of the court case. Just wrote the company off. A mistake in my opinion. Maybe they got a tax loss for tax purposes, but that was it.
Why not keep the shares and even add when the prices were low? The company always stayed current on its licensing etc., a clear sign that there were intentions to attempt to turn this around.
In my opinion, Thom earned his salary, as he was working behind the scenes, to make things happen, but failed to communicate that to shareholders. But this is a penny stock, not a huge corporation,
More announcements will be coming and the next six months will be good for the economy, in the run up to the election.
This is good timing for the launch in a new direction. Some will regret bailing on this.
Good luck!
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