XHUA - Not this stock again!!!

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This stock holds a special [place in my heart. It not only was my best trade of all time, but it also was one of my worst as well. I played this in 2009 and caught it from the low 00s and held all the way through til the upper 00s, and that ended up being my best trade ever (both $ wise and %). However, I decided that I was going to try to play the ensuing pullback ultra aggressively and ended up getting slaughtered on that one. Held way too long, didn't use any sort of stop (even just a mental one), and dedicated way too much capital to the trade as well. That's called the trifecta. Lesson learned.. overconfidence is a SOB.

Well I'm throwing this one back up here mainly for shits and giggles. It's now trading in the triple zeros and from what I can gather, the share structure is actually still the exact same as it was back in 2009, with the A/S being 500 mill and the O/S just a hair below that. Not bad for something in the low triple zeros, seems like a pretty clean shell without a history of R/S. Someone took it upon themselves to soak up about 30 million there in late December, so I'm wondering if that is a sign the bottom has been put in.

There truly is no good reason to play a stock like this (no news, no daily volume, no updates from the company) but the share structure and recent vol spike have me compelled to keep an eye on it as a lotto/ shell play if nothing else.

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Originally Posted by rg7803 

My worst neightmare...not for the money but for %loss. I still had them, and watch them everiday just to remember myself that are some stupid mistakes I shall never repeat...

Yeah, there were a couple of losing trades I held onto way too long and they ended up being costly lessons, and XHUA was one of them. Just have to make sure you have some sort of method to control how much you're going to risk.

XHUA with a trickle of interest today. A few million shares and it's almost getting through the ask at .0006. Based on how this trades, I think it will move on air if there is any buying interest in the future.

I admit it, I picked up some shares in the .0003 - .0006 range. For some reason I've always liked to trade this stock. I think I just like saying the ticker. XHUA! (zoo-HAH!)

A/S count is still 500 mil. http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=%252bDlcUmqXLHB7EV%252bN1eIn2g%253d%253d

I can't think of any triple zero stock that had an O/S A/S count this low. I know I'm dreaming at this point, but if the company had any sign of life to it, this would explode. Even without any news, XHUA has ran hard with the exact same share count. Imo, this will have it's day in the sun again.

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Originally Posted by funkdan33 

i see its down again on 0,0004.  do you think the float is also near the O/S,A/S

I would just assume the float is the same (500 mil).

For your sanity, I wouldn't even pay attention to this stock and it's moves unless there is at least 5 mil in volume. Yeah, it's down to .0004, but it moved there on $100 in volume. It moved up to .0006 on next to no volume and it dips back down on little volume. Neither of those moves actually mean anything, it's just a sign of how thin it trades down here. This is a lotto play in the truest sense of the word. It gets virtually no activity at all, but the play is to bank on interest coming back into the stock. Until then, I highly suggest you ignore all this floating back and forth it's doing, because it's completely meaningless. With very little buying or selling, I could personally move this up/down 50% or more on Monday, but it wouldn't actually mean a damn thing.

No volume = meaningless action

Starting to heat up! Are my lotto numbers actually going to get picked??

Still holding this one and I'm glad I am. The price action has stayed dormant here, but I see things brewing. The bid at .0002 is 80 million and the ask side at .0004 is only 4 million. I've watched the bid grow and grow over the past months and it even jumps up to .0003 every now and then, but I have not seen any significant selling whatsoever. Imo this supply at these levels is virtually gone, it's only a matter of time before demands kicks up.

To put that bid size in perspective, with maxed out O/S at 500 million (A/S is still 500 m), and a float of 470 million, that would put the current bid size at 17% of the float. Take any stock you're trading and divide the float by 17% and put that number on the bid, and you'll see how absurd that is.

Patiently Waiting for my lotto numbers to be called,

Simon