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Messages - Goldeneyes

#3
Thanks for the correction...I didn't knew it.

Regards
#4
From Raging Bull:

The Party Takes A Turn For the Worst- The Planet Descends

http://www.otcjournal.com/archive/listserv/20070215-1.html


The stock and the company that could do no wrong has finally given investors something to think about and come back to earth a little. If you are concerned about the news that has come out of Commerce Planet over the past couple of days, you might want to step back and think about what it all really means.

Here\'s what happened. On Tuesday after the market closed, CPNE announced it had entered into two separate but similar agreements: Agreement 1 was the sale of 1.8 million unregistered shares from existing shareholders to institutional investors at $1.90. Agreement 2 stated the company would sell 3 million newly issued restricted shares to those same institutional investors- also at $1.90.

In typical knee jerk reaction fashion, the market sold off on the news. The stock sold off to $2.70 early, rebounded to $3, and closed at $2.81 as sellers processed this new information.

Now that a day has gone by, let\'s take a step back and think about what happened. As we all know, one of the problematic issues with this stock has been the supply coming from early financiers who have virtually a zero cost basis. If some of their stock was included in the 1.8 million shares sold to the institutions, isn\'t it better for the market to have those 1.8 million shares out there with a cost of $1.90, instead of a zero cost basis? It\'s 1.8 million shares that now has a higher cost basis.

Secondly, let\'s look at the 3 million newly issued shares. If you have been around microcap fund managers and know how they think, the deal actually makes sense. I am going to take the liberty of guessing the funds involved in this financing have been buying the stock in the open market. They are already familiar with the company, and have been having difficulty accumulating the stock without moving the market up signficantly. Here\'s what they want- a position that is meaningful to their fund.

What do they do after they have accumulated their position? Go out and tell all their buddies. It will be part of their mission to make sure this stock trades more efficiently in the future. And, if they have been buying in the open market, the average cost is bound to be well above $1.90.

Also- here\'s something else the individual investor probably doesn\'t think about. If a fund engages in a non-public transaction to purchase shares, they can enter into a non-disclosure agreement with the company, and obtain non public information without violating Reg D for the purpose of evaluating the investment.



The funds are writing the check. They have looked at the company, and they can get information we can\'t. They believe they will make a lot of money from $1.90- the total investment is over $9 million. Do you think they plan to turn around and hit the market with that size tomorrow?



There was only one surprising item disclosed in the press release on the funding. CPNE stated the pricing was based on a 10% discount to the average closing bid price of the stock over the past 20 trading days. It comes out at $1.90- seems like it should be higher. That would make the 20 day average $2.09- time flies when you\'re having fun.

If this stock is going to trade to efficient levels relative to their earnings, institutions have to get involved. Several have now been given a nice incentive to spread the word. I don\'t believe CPNE needed the money- I believe they took it in return for institutional participation.

I\'m going to keep the technical side of this very simple. The stock bounced off the 38.2% retracement easily today, but is still lurking in that neighborhood. I would call it a strong buy at that level.

If the stock sells off further, it is a pound the table screaming buy at $2.42 as long as that level holds. $2.20 would be your SSL. Next Tuesday, the 22nd- CPNE will announce Q4 guidance- we\'ll see what we have then.


(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy)
#5
Stock Picking / Re: Joining the party: GIGM
September 07, 2006, 02:45:12 PM
Thanks Melf Elf, I'm in since 3soft recomended it.

Great day longs !

News are coming.

Regards
#6
Previous 3SOF Picks / Re: CHDT(otcbb) - Dynamite Penny
August 14, 2006, 03:16:12 PM
Picking again and fast uau !!!
#7
HelpDesk / Re: Not Getting Newsletter?
February 15, 2006, 01:17:18 PM
Good afternoon

Efectively something of abnormal person if passes... yesterday only received to newsletter but nothing of nothing today!  It will be convenient to modify my email?  As subscriber it would like to keep me actualizado! 

Cumprimentos

#8
HelpDesk / Re: Not Getting Newsletter?
February 13, 2006, 09:20:45 AM
Good day

Effectively I continue to verify that I am not receiver of your newsletter, although to have added your contact to my safe list of the hotmail.  Nor in the electronico garbage nor in the Spam the meeting!  How to proceed? 

Cumprimentos
#9
HelpDesk / Re: Not Getting Newsletter?
February 10, 2006, 03:38:59 PM
Hello

I just finished to add your email to my contact list...let see if I receive next newsletter.

Regards
#10
HelpDesk / Re: Not Getting Newsletter?
February 09, 2006, 11:13:36 AM
I'm not receiving the newsletter !!!
Wath can I do ?

Regards
#11
Penny Stock Picking / Re: SLGLF....gold
February 07, 2006, 03:18:12 PM
Hi Julia

Not that...I beg the atencion to CGHI another penny gold stock !

Regards
#12
"This type of behind shares bigger shares react something in relation ace sector only give it now to be to react á ascent that the Gold has had in them finishes weeks, are custom to say more valley late that never.  The potential is enormous is plus one to have underneath of eye centurion.

Regards
#13
Previous 3SOF Picks / Re: HYRF joining the $1,000,000
September 26, 2005, 05:05:25 PM
News

http://biz.yahoo.com/pz/050926/86741.html

Tomorow maybe a nice day !!!

Regards
#14
Previous 3SOF Picks / I agree with you madge20
September 09, 2005, 04:45:10 PM
keep BRVO in eyes, but first I think it has to broken 0.72. And so, today I trade my BRVO shares and bought WWAT  :) because it will run upside faster.

I'm in HYRF to.

Regards
#15
1000 stocks at 0.59. The fundamental are goods and 1 usd it's near. Great post and great service !!! I'll became a member soon.

From Portugal to all

Best regards