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Topic: WPCS NASDAQ STOCK + BITCOIN! (Read 4121 times)

sr. member
Activity: 308
Merit: 251
Giga
January 07, 2014, 06:58:03 AM
#36

First stock associated Bitcoin, good hype, terrible fundamentals and operating with huge losses for a long time. Buy on rumor, sell of fact. Live by those rules and you'll generally make a lot of money in the market.

but usually by the time you hear the rumor the price has already peaked, it's nice to be a insider.
hero member
Activity: 994
Merit: 501
January 06, 2014, 09:43:27 PM
#35

First stock associated Bitcoin, good hype, terrible fundamentals and operating with huge losses for a long time. Buy on rumor, sell of fact. Live by those rules and you'll generally make a lot of money in the market.
legendary
Activity: 1414
Merit: 1000
HODL OR DIE
hero member
Activity: 994
Merit: 501
December 29, 2013, 09:18:17 AM
#33
No one has mentioned overstock's stock, jumped at bitcoin news:

https://www.google.ca/finance?cid=672821

It didn't jump.  Overstock didn't move up anymore than the general overall market the day the news came out.  Yes it went up, but the whole market was way up on the 19th!  Investors don't care if they accept it.  It's good for bitcoin, doesn't make a difference to Overstock.com investors.  Now when Amazon or Ebay accepts it...then we'll talk. Smiley
legendary
Activity: 1414
Merit: 1000
HODL OR DIE
December 29, 2013, 01:59:25 AM
#32
No one has mentioned overstock's stock, jumped at bitcoin news:

https://www.google.ca/finance?cid=672821
full member
Activity: 238
Merit: 100
Stand on the shoulders of giants
December 28, 2013, 07:52:33 PM
#31
This seems to be the most important part of the article.

Quote
This past January they received a delisting warning from NASDAQ for failing to comply with the minimum $1 per share rule, but ultimately got a reprieve. Their market cap is a little more than $2 million.

This kind of thing is common, as no-name penny stock companies frequently jump on hot trends in hopes of stoking interest.



for me that's all about ... and fuzz their "longest string match up" bits ....
legendary
Activity: 1414
Merit: 1000
HODL OR DIE
December 28, 2013, 07:31:18 PM
#30
This seems to be the most important part of the article.

Quote
This past January they received a delisting warning from NASDAQ for failing to comply with the minimum $1 per share rule, but ultimately got a reprieve. Their market cap is a little more than $2 million.

This kind of thing is common, as no-name penny stock companies frequently jump on hot trends in hopes of stoking interest.


full member
Activity: 238
Merit: 100
Stand on the shoulders of giants
December 28, 2013, 05:31:54 PM
#29
I'd put 1 btc in, but it takes days to transfer funds to my brokerage account...

me too, going to put 1 BTC, I could buy stocks at Barclays broker, but I don't trust Barclays anymore ... so I made a contact with a small broker in Scotland the whole process can take up week ... very slow cooking Grin hope not miss a good price ... Tongue

Your brokerage account is guaranteed against loss (not market loss) up to a certain amount regardless of what happens to Barclays.  In the US its $500,000.  I'd much rather trust Barclays than a small broker in Scotland but thats just me!

Well my own experience with Barclays last year was not pleasure at all, since I track my balance sync with a old trusted NTP server since always... and also I don't know about https certificates either, and I really prefer give a try to small business where you can meet people face by face, rather than those guys who tread you as a number, a variable, an actor ..but not a real person at all... so I guess I going to bet that broker ...

Oh I agree with all points!  I thought you meant an actual Barclays broker you've meant in person in an office.  I think small brokers, as long as they are registered and safe is a great route to go for a purchase like this.  Good luck!

yeah .. I got it from LSE list , but I don't know LSE https either ...  Cheesy
hero member
Activity: 994
Merit: 501
December 28, 2013, 05:26:57 PM
#28
I'd put 1 btc in, but it takes days to transfer funds to my brokerage account...

me too, going to put 1 BTC, I could buy stocks at Barclays broker, but I don't trust Barclays anymore ... so I made a contact with a small broker in Scotland the whole process can take up week ... very slow cooking Grin hope not miss a good price ... Tongue

Your brokerage account is guaranteed against loss (not market loss) up to a certain amount regardless of what happens to Barclays.  In the US its $500,000.  I'd much rather trust Barclays than a small broker in Scotland but thats just me!

Well my own experience with Barclays last year was not pleasure at all, since I track my balance sync with a old trusted NTP server since always... and also I don't know about https certificates either, and I really prefer give a try to small business where you can meet people face by face, rather than those guys who tread you as a number, a variable, an actor ..but not a real person at all... so I guess I going to bet that broker ...

Oh I agree with all points!  I thought you meant an actual Barclays broker you've meant in person in an office.  I think small brokers, as long as they are registered and safe is a great route to go for a purchase like this.  Good luck!
full member
Activity: 238
Merit: 100
Stand on the shoulders of giants
December 28, 2013, 03:41:34 PM
#27
I'd put 1 btc in, but it takes days to transfer funds to my brokerage account...

me too, going to put 1 BTC, I could buy stocks at Barclays broker, but I don't trust Barclays anymore ... so I made a contact with a small broker in Scotland the whole process can take up week ... very slow cooking Grin hope not miss a good price ... Tongue

Your brokerage account is guaranteed against loss (not market loss) up to a certain amount regardless of what happens to Barclays.  In the US its $500,000.  I'd much rather trust Barclays than a small broker in Scotland but thats just me!

Well my own experience with Barclays last year was not pleasure at all, since I track my balance sync with an old trusted NTP server since always... and also I don't know about https their certificates either, and I really prefer give a try to small business where you can meet people face by face, rather than those guys who tread you as a number, a variable, an actor ..but not a real person at all... so I guess I going to bet that broker ...
hero member
Activity: 994
Merit: 501
December 28, 2013, 08:26:04 AM
#26
I'd put 1 btc in, but it takes days to transfer funds to my brokerage account...

me too, going to put 1 BTC, I could buy stocks at Barclays broker, but I don't trust Barclays anymore ... so I made a contact with a small broker in Scotland the whole process can take up week ... very slow cooking Grin hope not miss a good price ... Tongue

Your brokerage account is guaranteed against loss (not market loss) up to a certain amount regardless of what happens to Barclays.  In the US its $500,000.  I'd much rather trust Barclays than a small broker in Scotland but thats just me!
legendary
Activity: 2772
Merit: 1028
Duelbits.com
December 28, 2013, 04:56:47 AM
#25
WPCS shares were 20% higher in August than they were on top of this rise.
full member
Activity: 238
Merit: 100
Stand on the shoulders of giants
December 28, 2013, 04:52:19 AM
#24
I'd put 1 btc in, but it takes days to transfer funds to my brokerage account...

me too, going to put 1 BTC, I could buy stocks at Barclays broker, but I don't trust Barclays anymore ... so I made a contact with a small broker in Scotland the whole process can take up week ... very slow cooking Grin hope not miss a good price ... Tongue
full member
Activity: 182
Merit: 100
December 27, 2013, 03:16:31 PM
#23
Am I reading this right? 1.1 million oustanding.... and volume of near 30million? Oh I need some popcorn.
legendary
Activity: 1260
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Drunk Posts
December 27, 2013, 02:30:35 PM
#22
I'd put 1 btc in, but it takes days to transfer funds to my brokerage account...
hero member
Activity: 994
Merit: 501
December 27, 2013, 02:25:36 PM
#21
is it possible to invest in that company for like $100? I never owned any stocks so i have no idea how i would do that

You first need to open up a brokerage account somewhere, ETrade, Schwab.com, etc.  Then deposit funds there.  Then buy shares for a charge, generally around $10 or less online.  Somewhat easy, but the commission will eat 10% of your $100 so probably not worth it given the $100 starting point.
full member
Activity: 182
Merit: 100
December 27, 2013, 02:24:12 PM
#20
2 million market cap... umm... about to go up...
legendary
Activity: 1106
Merit: 1005
December 27, 2013, 02:09:06 PM
#19
is it possible to invest in that company for like $100? I never owned any stocks so i have no idea how i would do that
hero member
Activity: 994
Merit: 501
December 27, 2013, 01:48:44 PM
#18
It's more hyped than anything for this company.  I just don't see how they'll succeed on a large scale at this moment.  Each exchange has its idiosyncrasy (MtGox can't withdraw fiat, good luck with BTCChina with all these deposit issue plus China's currency control), they'll constantly be out of reserve or have their money trapped.  Other than regulatory challenge, another issue bitcoin exchange faces is security, DDOS / hacking, by doing what they are trying to do, the risk of getting hacked increases dramatically as they ought to have funds / BTC at the exchanges, and any of one of their linked exchanges getting hacked will open them up to huge losses.

I totally agree with this.  How will they be able to trade across platforms?  There's a reason it's $780 on Gox and $715 on Bitstamp right now, its really hard (not impossible!) to do.  If they somehow accomplish this it ends most easy arbitrage.

Oh, and WPCS has a net profit margin of -18% and basically has never made a dime.  They did a 1:7 reverse split earlier this year in May.  Never, ever, a good sign when investing in a stock.
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