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wizardofoddz
04-15-2004, 07:59 PM
what do you think?
IPYS InstaPay Systems, Inc.

I bought 10,000 shares yesteday @ .39 a share, it's up and should hit $7.00

hazsupport
04-15-2004, 08:42 PM
Sounds like a better bet than the ponies? hc

wallstreet
04-15-2004, 09:14 PM
Wiz...

Here are my thoughts.

First off, congrats!!! Looks like she bounced right off some horrible lows made in March..

One thing to be concerned about, todays action was news driven..it was due to that news about expecting a good market (which is a fishy news release, looks like it was made via the company..which I dont always like to see). So lets see what kind of retracement if any comes tomorrow.

Just parusing the financials.. I cant tell if these are legit or not. It says in Sept of 03 the company has 8k in cash, total assets of 22k including property. They have accounts payable liabilities of 1.036 million, which about sums their tangible assets (assets-liabilities+ stockholders equity)

I dont know what to make of their Income statement, looks like it was made by a 5th grader.. nothing really there. They admit here:
http://biz.yahoo.com/e/031124/ipys.ob10qsb_a.html

that they have no revenues, havent had any in 2002 or 2003. It also said they need money and have confidence in getting it one way or the other.

Ok..now with the real response. This stock is speculation and little more. They are an OTCBB stock, have little assets or money, arent making any revenues, might run out of cash.

That said..treat this as it is..it is a high high risk stock. It might make you rich, you might lose it all.. Please use rules we have talked about here, meaning if you want to take your basis off the table if the stock goes higher, that would be wise. So you bot 3,900 bucks worth..if she goes higher, take some off the table and let the rest ride.

I have been wrong 1000 times, but I cant see 7 in this stock. It hit 3 last year..but I also hate seeing a stock split when the stock is 2 bucks..they wanted liquidity and trading action..so they split the stock..yucck..

Bottom line is you have a huge gain with decent volume..lets see how she plays out. You might have a TASR on your hands..never know!!

Keep those tips coming..I am sure others would appreciate them too!

wizardofoddz
04-16-2004, 04:34 PM
after today, now if it goes below $1.01, I sell, 6600 not a bad take.

wallstreet
04-16-2004, 04:45 PM
wiz..

Hell yeah it isnt bad. You almost have a 3 bagger in less than 3 days.

I can count on one hand how many times I have experienced that.

Now lets not have it turn into a bad fishing story. If it hits your sell level, take your basis off the table..meaning you have 3900 bucks in, take 3900 bucks out..so 1/3 of your position.. or take half and book some gains, let the rest ride.

Or if the $$$$$ is no biggie, let it all run on big red..

:red: :red: :red:

Next time, tell us about these 3 baggers..I have about 25k that I want to make a 3X on..

:D