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Forbes Energy Services Ltd. Message Board

nip7890 309 posts  |  Last Activity: 13 hours ago Member since: May 7, 2006
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  • do you think the market is interested if you buy or your reasons?

    you just keep watching the price until you get the PR you're waiting for...it's already happened.

    and please explain exactly what you mean by "the audit is published as completed"? when the company makes its 10K filing, the audit is by definition completed. look in the 10K and on the page before the financial statements you will see the Report of Independent Registered Public Accounting Firm from McGladrey indicating that the financials have been audited.

    the company historically not have its quarterly financials audited.

    you have no idea what you are talking about...you are waiting for something that is not coming, because it's already happened.

    you can go away now.

  • Reply to

    So…..

    by drensber Sep 12, 2014 9:59 AM
    nip7890 nip7890 Sep 13, 2014 6:45 AM Flag

    You are correct...too much thinking. Over the past two weeks there has been a new form of pump/dump going around - the perpetrators latch on to low float/poor liquidity stocks. Yesterday was simply the day they picked LTRX.

    Watch for shares to find their way back to $1.85 over the coming weeks. They may make another attempt to push it higher again, but make no mistake it is a form of pump/dump and shares will end back where they began, if not slightly lower.

  • nip7890 by nip7890 Sep 12, 2014 10:03 AM Flag

    Low-float gang has come to town this morning. Took profits from position built over past few weeks.

  • Reply to

    TBF

    by nip7890 Sep 11, 2014 10:49 AM
    nip7890 nip7890 Sep 12, 2014 10:02 AM Flag

    Just dabbling in it to build a long-term position. Longer-term we all know rates have to rise. With rates so low right now, any upward move in rates is going to decimate bonds. So, longer-term I'm confident we'll once again see money market rates of 2%, 3%, and 4% - magnitudes higher than the 0.01% standard today. Should be very good for TBF as a hedge in the portfolio.

  • Don't fall for it...

    $0.80 ... 1,610 ... OTCBB ... 13:09:10
    $0.8001 ... 1,610 ... OTCBB ... 13:09:10
    $0.82 ... 1,110 ... OTCBB ... 12:31:59
    $0.82 ... 500 ... OTCBB ... 12:31:42

  • Reply to

    DRAD

    by nip7890 Aug 12, 2014 1:14 PM
    nip7890 nip7890 Sep 11, 2014 6:41 PM Flag

    getting ready to start nibbling tomorrow. if it ticks below $3.80 I will dip my toe back in the water.

  • Reply to

    BODY

    by nip7890 Sep 9, 2014 2:29 PM
    nip7890 nip7890 Sep 11, 2014 12:03 PM Flag

    buying yet? miniscule volume took it down 20% so far today.

  • Reply to

    PTNT

    by who_gnu_1235 Sep 11, 2014 10:56 AM
    nip7890 nip7890 Sep 11, 2014 10:58 AM Flag

    sounds intriguing - will check.

    thanks.

  • nip7890 by nip7890 Sep 11, 2014 10:49 AM Flag

    Began nibbling this morning. Will nibble a bit more every other month or so if it heads lower.

  • I think there are going to be some bargains.

  • Reply to

    HSON

    by nip7890 Aug 27, 2014 1:52 PM
    nip7890 nip7890 Sep 11, 2014 7:06 AM Flag

    continue slowly nibbling below $3.80...Eberwein is buying up to $3.90 (at least).

  • nip7890 by nip7890 Sep 9, 2014 9:08 PM Flag

    It looks like they're just going around to most any penny stock with low float or low daily trading volume.

    ORBT got it today as well as API. GIGA got it yesterday.

    I think for us, the way to play it is to watch it as the dump is taking place. Once it goes below where it started the pump, then it becomes interesting as it's technicals taking over...the momo folks are looking to get out fast and don't care how far down they drive the price. Once they are out, there should be a good entry point to catch a rebound back to where the shares started before the pump began. GIGA began the dump today - if it goes below $2, it might be interesting...need to watch for when the volume settles down.

    PDEX volume picked up a bit today...something may be coming...trying to get more shares below $2.05.

    Yesterday afternoon, I was watching/waiting on ULBI for shares. When the bid/ask went to $3.28/$3.30 with 9500 shares on the ask, I hit the buy button for 5,000 shares at the ask. I think a HFT system was sitting/watching. I'm clicking the quote refresh and almost instantaneously 34,000 shares trade ahead of me at $3.30 ( confirmed it was a single trade), my 5,000 shares go to the bid and I get just 243 shares. Mind you, for the prior 30 minutes there were no trades, just the bid/ask moving around - and only 6,500 shares had traded all day before that.

  • nip7890 by nip7890 Sep 9, 2014 2:29 PM Flag

    Just did 1 for 10 reverse split effective this morning, symbol is currently BODYD - almost no trading. Might nibble for a throw of the dice if it dips below $3.25 to play for a bounce.

  • Reply to

    Stupid hyena disappears once again

    by nip7890 Sep 8, 2014 2:56 PM
    nip7890 nip7890 Sep 9, 2014 10:31 AM Flag

    Yes, BYI up almost 10% still 4% below offer, and SGMS up over 80% since your moronic prognostications began.

    Even better short now? After you've lost so much in just a month, you are nothing more than a comedian.

    Go get lost again - you do that very well.

  • nip7890 by nip7890 Sep 9, 2014 8:45 AM Flag

    New insider buys...however, I think the play is to hold off on buying now, and wait for a few weeks - chart seems to show annual selloff in October/November and then price rise for next 6 months or so.

  • nip7890 nip7890 Sep 8, 2014 4:30 PM Flag

    certainly with this list of heavy hitters, along with publicity surrounding this, and word of mouth amongst the participants and others in the space, considering the miniscule market cap which ITI carries, someone will be making an offer for the company in the not so distant future.

  • Wonder how his $7.00 short on SGMS is doing today?

  • Reply to

    BONE, DSNY?

    by who_gnu_1235 Sep 7, 2014 11:33 AM
    nip7890 nip7890 Sep 7, 2014 1:45 PM Flag

    I know BONE as I dabbled in it last year - it is a mess. Prior CEO still has a fair number of shares and blindly dumps. Margins are a big issue and some folks in the business question whether BONE's product is anything special...simply making the argument that it's not rocket science, there are others in the segment, and anyone who participates, by definition, will be operating at low margins. I remember there were also financial issues with BONE as far as debt and repayments. Haven't followed closely, but I do see a reverse split having recently taken place.

    Quickly scanning the financials, they look as bad as ever. They are at all-time lows for a reason, so be careful with it.

  • Reply to

    SKYW

    by nip7890 Sep 7, 2014 10:35 AM
    nip7890 nip7890 Sep 7, 2014 1:37 PM Flag

    Yes, agreed and I always went by the same logic. However, that's mostly changed over the past year...I actually had a small position in HA for the value play, then sold way, way too early because I let the history get the better of me.

    Now, the airlines are all profitable, they are raising dividends, paying down debt, and raising prices - and the demand is still there to fill the planes. I think the easy money has been made with the majors. SKYW has obviously not been a participant, but still has a very good business and is stable enough to be paying the dividend. With the shares at multi-year lows, I'm willing to start/build a position.

FES
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