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Reverse Split, Did you get an answer to it?
Those who kept mentioning about the RS becase they want the stock to go down, so they can buy it cheap and sell it high. That's their intentions.
Another person add to the attack I see... could not get it done with just one spouting RS in every post now he has a partner... There is a authorized RS based on one thing...They are below the minimum bid and its a precaution that all possible de-listed NASDAQ stocks take..
There was a form 4 filed and the directors all made purchases ... who does a purchase and then reverse splits the shares they bought...they could have bought after the split they authorized if there were going to do it. So you and you buddy can just move along.
It might go lower if RS is on the way. Who would hold into a reverse split?
Most likely a pump before reverse split.
Lets see if the sudden burst yesterday gives fuel to today and we can crack the .50 level.
The Company has a research collaboration with Merck & Co. is what I really like....
The Company’s Accordion Pill is an oral drug delivery system that is designed to improve the efficacy and safety of existing drugs and drugs in development by utilizing an efficient gastric retention and specific release mechanism.
Think they have something that may help many.....
There were a couple of Twitter posts on news is due and this is a perfect swing trade... those posts went up 52 minutes ago around the same time the jump in the PPS occurred...
Nothing anywhere that I see..no news no filings no institutional buying or insider buying... not sure what cause that jump.
You have any News ...??
Yep, ok with me..
The RS is simply not a factor for anyone with trading experience... here keep this link and check it daily... also look at it...you can see what is on the current list and when its going to take place..take particular notice of the symbols at the bottom... note when they were announced...today and not when they go into effect... around two weeks from their announcement date...
https://www.nasdaq.com/market-activity/stock-splits
Of course there are shorts they are betting on a RS. Which is why I said they need a substantial buy program in place. What many of these companies have been doing is run up the stock and take advantage of financing at higher levels. But it's based on a catalyst for that buy program. This is where HC Wainwright has been a big player in these deals.
Not saying it did not break down...but your wrong on the RS as the reason...its short selling that is causing the crash... the 8-K came out way before the run up and no one paid any attention to it...then it ran and they beat it down and defeated the cover that would have been required... so it becomes up to the company to either combat the shorts or simply give into them
My instincts are right unfortunately totally broke down last week with a flip of switch. Traded like a Two hour wonder that one morning. In the 30's like clockwork.
Right now what is killing this is the shorts... company needs to address that is what they need to do.
uh?.... they have to give 15 days notice...so why would you hesitate... just buy and sell if they put out the 15 day notice. And in the mean time while you shaking over a possible RS they could put out a update on one of the Phase trials they have out and it runs to a dollar and you lose a lot of profit all over the fear of it may or may not RS... thats how inexperienced traders trade... they cant trade on their own they need people to tell them when to buy and when to sell... until one day the light goes on and they figure it out on their own.. GLTY figuring it out.
Exactly point is while RS looms it's a ll a guessing game unless there is a massive buy program to get it over a buck. Which is what it looked like last week but fell apart.
Companies usually will not announce there is no RS they just do not vote in favor of it when the time comes. So while that looms it causes weakness that's all.
Too risky shorting these penny stocks. I am a position trader look for my entry points. Companies usually will not announce there is no RS they just do not vote in favor of it when the time comes. So while that looms it causes weakness that's all.
Its still classified as a NASDAQ stock and can be shorted...penny stocks or OTC stocks can not... doesn't matter who you follow that has nothing to do with shorting... what matters is you can not post a single thing with out reference to the RS possibility and any fool knows that RS is not a good thing when it comes to this type of stock...
As long as those directors who filed the form 4's dont file another one that shows they sold their shares...then we can say the RS is not on the table at the present time..
lol I don't short penny stocks. Been trading all these HC Wainright deals. DFFN, KTOV, BIOC, NOVN, NTEC. As I said before as long as idea of RS looms without other news this will drift back to where it was before which is low 30's possibly 28. Then there will be a play on it again.
So lets see you continue to say a RS is most likely but yet your now going to say your buying at a level that would almost certainly force them to do a RS... you make zero sense...other then your continued negative shows thru each post for what you really are... a shorter.
I have my buy order in at 28 cents. Let's see if I get hit this week
No-one ever really knows.
we just wait and enjoy the speculation game
There must still be uncertainty about RS or IMO the stock would have ripped through a dollar on that last run. Obviously shorts took over. So unless there is definitive news about no RS which there never is, this stock will need a real catalyst soon to push higher again. Or it will dwindle back down to low 30's.
Well since that article is a month old... seems odd to put it up, what with the recent fall from .78 down to the low .40's
Traders now reset @low 40s. How and Why? Click here.***
***these traders do 9x & 40x trades more than E-Trade & Charles Schwab customers, respectively.
NTEC Upgraded to Strong Buy: WHY >>>>>> Click here.
PPS Range 7/27 thru 8/3: $ 0.41(low) - $0.721(high) vs. $0.4305 current pps.
Calculation For Trading:
Resistance Level (R3): 0.534
Resistance Level (R2): 0.512
Resistance Level (R1): 0.477
Pivot Point: 0.455
Support Level (S1): 0.420
Support Level (S2): 0.398
Support Level (S3): 0.364
SOURCE: Click Here.
NTEC OPTIONS. https://www.barchart.com/stocks/quotes/NTEC/options
adding dip...
"For the fiscal year ending December 2020, this company is expected to earn -$0.23 per share, + 78.9% from the year-ago reported number."
I agree could lose the entire move here. Chart needs to be reset.
* * $NTEC Video Chart 07-23-2020 * *
Link to Video - click here to watch the technical chart video
What is there to get a grip about. Same thing happened with NOVN BIOC KTOV. Traded out of all of those and made money. Bought KTOV back at 72 cents bough back BIOC at 64 and getting ready to buy back NOVN. Without news in next few trading days NTEC will drift back into 30s or even back to 28 cents again. It's not going to $3 without a RS. Maybe it goes over a buck like the others then back down to 50 cents
Horrible close today completed retraced entire upside. Back to where it was when everyone was worried about RS. Looks like it's going back down to 28 cents
OCCAM’s Razor!!!
And when in doubt , do not sell for loss!!!!
At the end of the day none of us really know it's just trying to make an educated guess and hope we are right. With that said hopefully you are right and there is no RS. So NTEC can blow through a dollar as I thought it would yesterday the way it was trading early. Which is why I pulled my sell order at .76
This will hit a point in time, soon, and two things will happen... the algorithm that is doing the selling and the public sellers will all catch up with each other and the reason behind the run up to .75 will kick back in and this will take off again... only people who will win are those that have bought or added at this dip.
You are so wrong... The form 4 are directors, they bought 40,000 shares... the minimum split is 1 for 5 the max is 1 for 25. Do the math they 40K gets dwindled down so far what would possibly be the purpose of buying them.... and unless as insiders they know something big is coming the stock will dip and they will lose that investment..
But if they know something is coming then by 40,000 and ride it out... Pandemic has both the Nasdaq and NYSE holding all de-listings at this time... That RS in the 8-K is nothing but a standard protection any responsible board of directors would add...look at the date on the form 4 not the date it was posted...they did the buying before the 8-K was put out... so your saying they bought before they then authorized the RS...they bought because they knew they would be putting out the RS notice and did not care...putting that RS info in the 8-K is no different then the language that in the Forward Looking Statement paragraph that is put out in almost all documants.
You want to panic and look for boogie men its you prerogative but your looking for monsters that aren't there IMO
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