M N C S

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Note to all the sore losers as well as those that are not and let's not forget our very own peanut gallery operative, stock777:

I started this thread and contrary to any "pump" or other promotion, I have given multiple fair warnings on the dangers of buying this stock.

Further, there have been plenty of posts on manipulation and other doom. Plus the Vancouver Sun article, the timing of which I find interesting.

You've seen the chart prior to today, you've seen every web based stock guru amazed at it's curve (and equally as suspicious-- to anyone who had a large position it was like owning an oil well, daily barrels coming in without fail.

But everyone had to have some feeling that this curve was unnatural and that a price correction would come at some point.

Look at the whack SYX has taken in two days, over $5. And guess what? Go to Monday's IBD Top 100 list... it's the number 1 stock.

That said, the stock seems to have stabilized around $6. Where it goes from here is unknown, but the company seems to be on course to be successful. Did you see yesterday's SEC filing? It's over 100 pages long. All I know is I want at least my $2.50 per back and to do that I'll have to take the risk... a highly speculative one.
 
well, good luck with your bet.

thx for alertin' us to this opportunity, enjoyed the ride altough hoped for a more fittin' endin'.

take care.
Quote from max401:

Note to all the sore losers as well as those that are not and let's not forget our very own peanut gallery operative stock777:

I started this thread and contrary to any "pump" or other promotion, I have given multiple fair warnings on the dangers of buying this stock.

Further, there have been plenty of posts on manipulation and other doom. Plus the Vancouver Sun article, the timing of which I find interesting.

You've seen the chart prior to today, you've seen every web based stock guru amazed at it's curve (and equally as suspicious-- to anyone who had a large position it was like owning an oil well, daily barrels coming in without fail.

But everyone had to have some feeling that this curve was unnatural and that a price correction would come at some point.

Look at the whack SYX has taken in two days, over $5. And guess what? Go to Monday's IBD Top 100 list... it's the number 1 stock.

That said, the stock seems to have stabilized around $6. Where it goes from here is unknown, but the company seems to be on course to be successful. Did you see yesterday's SEC filing? It's over 100 pages long. All I know is I want at least my $2.50 per back and to do that I'll have to take the risk... a highly speculative one.
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Quote from stock_trad3r:

The bid and ask values are 5.6/5.7

This will go probably lower tommrow..maybe another 10-30 percent but im affraid something terrible has happened.

If you want a shot a reclaming your money back, consider joining a class action suit.
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Class action suit on an OTC stock? No attorney would take it.

Can you see the Manchester's position as they reveal all the doom and gloom that was out there? And you were active on a stock trading forum where it was specifically debated as to the high risk involved?

The extremely negative Vancouver Sun article comes out and you still don't sell and get the $8.50?

And just what promotion did Manchester ever do to induce you to buy? Where did they screw the company up by mismanagement, by buying a multi-million dollar, money making asset, perhaps?

PS You'll have no leg to stand on if the stock goes up again.
 
in retrospect the best play for this one was to build humongous positions at the open and liquidate at highs or before the close. it rarely opend much higher than previous day and most of the gains occurred durin' the session...somethin' similar to what longhorns was doin' but without ever carryin' anythin' overnite..of course all this 20/20 hindsight.
 
Quote from Bitstream:

in retrospect the best play for this one was to build humongous positions at the open and liquidate at highs or before the close. it rarely opend much higher than previous day and most of the gains occurred durin' the session...somethin' similar to what longhorns was doin' but without ever carryin' anythin' overnite..of course all this 20/20 hindsight.
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The best play would be an allarm clock so you can wake up at 5AM and see that first few downticks and Get The **** OUT by placing your limit order 20 cents below the bid and cross fingers
 
Quote from stock_trad3r:

The best play would be an allarm clock so you can wake up at 5AM and see that first few downticks and Get The **** OUT by placing your limit order 20 cents below the bid and cross fingers
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not a chance, i was awake at 6 and no bid/ask is there. 10min before the open mncs showed a loss of .84%; of course i knew somethin' was wrong but there was no bid whatsoever and ask bouncin' from 8.5 to 8.3; 3minutes before the open and bid flashes intermittently, i saw it at 7 and change and tried to hit it, but no fills and offer kept lowerin' together with bid, 'till open. i had to lower my order many times over before i got a fill at 6.07...and it took a long time, for more than 5min me order sat there.
 
I must say that this has been the wildest ride I have ever been on, wilder even than Mr. Toad's @ Disneyland.

I heard the siren's song playing, 1-4 cents of profit each and every day, never a down day. Was I scared? Absolutely. Scared enough to stay off the ride? No. I was in for 5K, and it was tough getting up at 3:30 am every morning to check quotes (I was vacationing with g/f in Hawaii). As soon as the computer voice said "MNCS, up..." I knew all was well. I was ready to bail at the first whiff of danger, all 5K shares over the phone. Getting back from the trip I was prepared to follow my exit plan to the letter. Trailing stop 10 cents below the previous day's close.

In retrospect, the 10 cent trailing stop would have been worthless.

One question for the individual(s) responsible for the manipulated runup: Why not keep the stock propped up long enough to exit at the highs? The only reasonable explanation for the gap down is that all the smart money was out by the end of the day Wednesday, and there was no more reason to execute "phantom trades" i.e. trade your cheaply acquired stock amongst yourselves to show artificial demand, until the public takes note and piles in to suck profit like a baby takes it's mother's milk. You make a hasty but quiet retreat while Joe Public licks his chops and jumps in with both feet.

Once you got out, there was no reason to prop up the stock. Hence there was no demand on Thurs. am, and the stock tanked, without you in it.

Sound plausible?

I'd love to hear other possible reasons for the $2.60 gap down, on no apparent news and without a bunch of selling pressure showing up as a bunch of red candlesticks, starting near the close of the previous day.

BTW, Manchester's response to active trading this am was CLASSIC! ("We're not aware of any negative news...blah blah blah)

I think I may limit my trading to NASDAQ stocks from here on out. Too rich for my blood.

Can't someone find out what the previous big shareholders did during the recent runup/collapse? Seems like there's very little information regarding insider's activities. Typical of OTC stocks?

G'day to all.
 
did u get away with it or u took a loss?
Quote from Bill E Bob:

I must say that this has been the wildest ride I have ever been on, wilder even than Mr. Toad's @ Disneyland.

I heard the siren's song playing, 1-4 cents of profit each and every day, never a down day. Was I scared? Absolutely. Scared enough to stay off the ride? No. I was in for 5K, and it was tough getting up at 3:30 am every morning to check quotes (I was vacationing with g/f in Hawaii). As soon as the computer voice said "MNCS, up..." I knew all was well. I was ready to bail at the first whiff of danger, all 5K shares over the phone. Getting back from the trip I was prepared to follow my exit plan to the letter. Trailing stop 10 cents below the previous day's close.

In retrospect, the 10 cent trailing stop would have been worthless.

One question for the individual(s) responsible for the manipulated runup: Why not keep the stock propped up long enough to exit at the highs? The only reasonable explanation for the gap down is that all the smart money was out by the end of the day Wednesday, and there was no more reason to execute "phantom trades" i.e. trade your cheaply acquired stock amongst yourselves to show artificial demand, until the public takes note and piles in to suck profit like a baby takes it's mother's milk. You make a hasty but quiet retreat while Joe Public licks his chops and jumps in with both feet.

Once you got out, there was no reason to prop up the stock. Hence there was no demand on Thurs. am, and the stock tanked, without you in it.

Sound plausible?

I'd love to hear other possible reasons for the $2.60 gap down, on no apparent news and without a bunch of selling pressure showing up as a bunch of red candlesticks, starting near the close of the previous day.

BTW, Manchester's response to active trading this am was CLASSIC! ("We're not aware of any negative news...blah blah blah)

I think I may limit my trading to NASDAQ stocks from here on out. Too rich for my blood.

Can't someone find out what the previous big shareholders did during the recent runup/collapse? Seems like there's very little information regarding insider's activities. Typical of OTC stocks?

G'day to all.
More...
 
I noticed somethign funny yesterday which was the 8.57 on the ask about 6 minutes after the close
It was 8.58 at the actual close and for 3 min afterwards. Then it read 8.57 nothign that big but still...

It seems as if someone was trying to get thier foot the door out early.


Also there was heavy distribution on wed. and tues. I noticed.
For example It bounced ALOT between 8.36-8.44 with HEAVY selling. But no meaningful price change. So i dismissed it. Then this morning? P00000F down 30 percent. NO warning at all. Not even a single red tick. What a pleasant surpise. Good morning....would you like your ass served scrambled or overeasy?.
 
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