Bet you wish you bought this stock

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Edited Date/Time 1/26/2012 4:52pm
3 months ago...
.60 to $3 in 3 months. Jesus

http://finance.google.com/finance?client=ig&q=OTC:UBHI

$20,000 would of been $100,000. Just no way to predict this shit though. I may buy in it if it goes back to $1.00. There kind of like an overstock.com which took a beating Friday

http://finance.google.com/finance?client=ig&q=OSTK
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level 7/20/2008 9:05am
7/20/2008 9:05am
Also trying to figure out if the yahoo, microsoft deal might go through still at $33. If it does you can make some quick coin. By the time they announce it the stock will be at $33 before the market even opens in pre-trading. Right now yahoo is at $22 and some change so I wonder if it's a good time to just buy and hold and see what happens. Yahoo said they were interested in the $33 but now Microsoft said the deal is off the table and they don't want it anymore but who knows what will happen. Could be a nice 50% profit real quick.
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Scotty 7/20/2008 9:34am
7/20/2008 9:34am
level wrote:
Also trying to figure out if the yahoo, microsoft deal might go through still at $33. If it does you can make some quick coin. By...
Also trying to figure out if the yahoo, microsoft deal might go through still at $33. If it does you can make some quick coin. By the time they announce it the stock will be at $33 before the market even opens in pre-trading. Right now yahoo is at $22 and some change so I wonder if it's a good time to just buy and hold and see what happens. Yahoo said they were interested in the $33 but now Microsoft said the deal is off the table and they don't want it anymore but who knows what will happen. Could be a nice 50% profit real quick.
I have a very close buddy who is a top dawg with yahoo. He says its going to go through, and he'll be out of a job soon. He has a ton of stock, and could prob retire at age 36 if this goes through. Must be nice!
volcati
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volcati 7/20/2008 1:08pm
7/20/2008 1:08pm
Ubid was traded at around 55-60 bucks at one point in the 90's.

I bought in for SONS (10K shares) at .18 cents a share and sold for $6 a year later. There's hundreds other I've lost little investment on. Go to the Pink Sheets and study...you can make money...just have to spread it around like a roulette and hope for a hit.
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level 7/20/2008 1:40pm
7/20/2008 1:40pm
Holy crap. .18 and sold at $6. Bet you wish you had put more than $1800 in it. Still made some serious coin though.

The Shop

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I think I might jump in on yahoo on Monday or Tuesday. I have to hurry and fund my scottrade account.
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level 7/20/2008 1:41pm
7/20/2008 1:41pm Edited Date/Time 7/20/2008 1:44pm
volcati wrote:
Ubid was traded at around 55-60 bucks at one point in the 90's. I bought in for SONS (10K shares) at .18 cents a share and...
Ubid was traded at around 55-60 bucks at one point in the 90's.

I bought in for SONS (10K shares) at .18 cents a share and sold for $6 a year later. There's hundreds other I've lost little investment on. Go to the Pink Sheets and study...you can make money...just have to spread it around like a roulette and hope for a hit.
I didn't think Ubid was around back then. The max chart just shows about a 2 year history.
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JoJmoto 7/20/2008 3:44pm
7/20/2008 3:44pm
Hell, I'm still waiting for my Leatt stock to come back from the bottom of the barrel where its been for the last year.

Guess you could say I am not to good at this stock thing either. I tried to buy it when it was at 10 cent by the time the company actually allowed me to bid, the price jumped to 55 cent.
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volcati 7/20/2008 3:51pm
7/20/2008 3:51pm
volcati wrote:
Ubid was traded at around 55-60 bucks at one point in the 90's. I bought in for SONS (10K shares) at .18 cents a share and...
Ubid was traded at around 55-60 bucks at one point in the 90's.

I bought in for SONS (10K shares) at .18 cents a share and sold for $6 a year later. There's hundreds other I've lost little investment on. Go to the Pink Sheets and study...you can make money...just have to spread it around like a roulette and hope for a hit.
level wrote:
I didn't think Ubid was around back then. The max chart just shows about a 2 year history.
That should be only since it's been a penny stock. It was a pretty decent IPO back in the late 90''s.
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jtomasik 7/20/2008 3:58pm
7/20/2008 3:58pm
Uh oh. Dot-com days revisited?

Volcati, I'm thinking of getting back into stock trading. Where are the "pink sheets" found? Also, is there a means for a regular individual to short stocks? If so, is there any place that explains the method in layman's terms?


Thanks in advance.
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volcati 7/20/2008 3:58pm
7/20/2008 3:58pm
Be careful with Leatt. There's only soo much that company can make in the market they're in. The fact such a small company went public should be volumes. No small company with such a limited buyer should ever go public. I sort of thought when they did that it was a last gasp to try and make some money.

Maybe if they designed some kind of protection for troops for a DoD contact.
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volcati 7/20/2008 4:01pm
7/20/2008 4:01pm
jtomasik wrote:
Uh oh. Dot-com days revisited? Volcati, I'm thinking of getting back into stock trading. Where are the "pink sheets" found? Also, is there a means for...
Uh oh. Dot-com days revisited?

Volcati, I'm thinking of getting back into stock trading. Where are the "pink sheets" found? Also, is there a means for a regular individual to short stocks? If so, is there any place that explains the method in layman's terms?


Thanks in advance.
http://www.pinksheets.com

The internet is actually full of tons of advice as compared to 10 years ago. The catch is being able to know what to do with the advise.

www.motleyfool.com (Sign up for their newsleter---it's good.)


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jtomasik 7/20/2008 4:12pm
7/20/2008 4:12pm Edited Date/Time 4/16/2016 7:42pm
I used to receive the motley fool's newsletter. Back in the 90's, when I was doing pretty good with stocks (actually sold everything off in '99 and avoided the big crash of Dec '99 and March '00), they kept touting the indexes as the place to go. If I woulda listened to 'em, I woulda lost money or, at best, made only a fraction of what I did. Granted, it's all guesswork in the end, but I lost some confidence in Motley.

However, thanks for the info, and please feel free to post your opinions here. I like other investor opinions and observations.
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Tiki 7/20/2008 4:13pm
7/20/2008 4:13pm
Three dollars in three months? I wouldn't touch that. I had a nice little stock go up $4 on Friday. I am having the celebratory beer currently.
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Joe 788 7/20/2008 5:07pm
7/20/2008 5:07pm
Tiki wrote:
Three dollars in three months? I wouldn't touch that. I had a nice little stock go up $4 on Friday. I am having the celebratory beer...
Three dollars in three months? I wouldn't touch that. I had a nice little stock go up $4 on Friday. I am having the celebratory beer currently.
Well, yeah, $3 dollars in 3 months is nothing to get excited about if you only have one share.

If you tossed out $5,000 bucks 3 months ago when it was .60 cents, you'd be looking at $25,000 right now. That's something to have a celebratory beer over!
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Tiki 7/20/2008 5:09pm
7/20/2008 5:09pm
Lets just let the celebratory beer flow for all stocks!
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level 7/20/2008 5:19pm
7/20/2008 5:19pm Edited Date/Time 7/20/2008 5:22pm
I probably day traded it back then. During the IPO boom I had a Datek account and was trading like 5 ipo's a day. Unfortunately, I treated it more like gambling and ended up losing about $40,000 towards the end. If I was more patient I would of made money but I would sell out of one ipo and hurry and jump on the next one and the ipo I sold out of would jump big the next day. I was selling, shorting, etc. about 10 stocks a day. Oh well, guess you try and learn from it.

What pissed me off in those days is you could never get in on the offering price and by the time it hit the market it would be up 300%. People that did get in at offering price made some big coin back then. I just couldn't believe how many ipos would come out in one day back then. It was insane.
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level 7/20/2008 5:24pm
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By the way Volcati what happened with Ubid? Did they fall off the stock exchange or go private and then go back on again?

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volcati
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volcati 7/20/2008 5:28pm
7/20/2008 5:28pm
My grandfather, before he passed, gave me a significant amount of shares of Pacific Gas and Electric. They had just filed for BK protection and their stock was at about 2-3 bucks a share. I just held on to it and planned to sell when it hit $10, if it ever would. Nowadays....trading around $39 and has been as high as 52.

I think Ford will do the same thing...but 10-15 year range. I have some stake in it...and never check the ticker.
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volcati 7/20/2008 5:30pm
7/20/2008 5:30pm
level wrote:
By the way Volcati what happened with Ubid? Did they fall off the stock exchange or go private and then go back on again?
No clue? I was actually scared of net retail stocks back then. Of course I lost out on some good ones...Amazon being the one I was on the fence about.

Check here on their Edgar filings and it should be in there.

http://www.sec.gov/edgar.shtml
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level 7/20/2008 7:28pm
7/20/2008 7:28pm Edited Date/Time 4/16/2016 7:42pm
Thanks for the link Volcati. Found all kinds of info.



About uBid, Inc.
On December 29th, 2005, uBid, Inc. merged with a subsidiary of Cape Coastal Trading Corporation (OTC BB: CCSR) and survived the merger as a wholly-owned subsidiary of Cape Coastal Trading Corporation. Cape Coastal Trading Corporation plans to change its name to uBid.com Holdings, Inc and continue uBid's business as its sole business operation. uBid, Inc. operates an online marketplace located at www.uBid.com offering new, close-out, overstock and refurbished merchandise to both consumers and businesses through a trusted auction style and fixed price format. uBid.com provides consumers the opportunity to bid on or buy a wide variety of popular, brand name products at significant discounts. uBid.com's unique platform enables only certified suppliers and manufacturers a more efficient and economical channel for maximizing revenue of their surplus merchandise. Furthermore, uBid.com offers consumers a trusted buying environment, eliminating potential fraud by certifying all its merchants and processing 100% of all transactions between buyers and sellers.

Founded in 1997, uBid's predecessor completed an initial public offering in December 1998 and was subsequently acquired by CMGI, Inc. (Nasdaq: CMGI) in April 2000. In April 2003, uBid.com became a majority-owned subsidiary of the Petters Group Worldwide, LLC. Both CMGI and Petters Group Worldwide are shareholders in the surviving public entity.

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