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Not sure if this has been posted here my apologies if it has I don't have time to read the board ...have an eye for an entry again here so I haphazardly follow the story this was on my FB this morning
http://www.kwtx.com/content/news/Local-executive-paralyzed-in-bike-crash-walks-with-high-tech-help-445755223.html
Pretty sure it was more than that ..c'mon now let's face reality
Check the tape when was the last 6 digit ask slap?
The only 6 digit transactions are the ones that whack the bid
Do yourself a favor and look at this I don't know what else to say
http://ih.advfn.com/stock-market/USOTC/progressive-care-inc-pc-RXMD/trades
.0149 was today's high making it your near term resistance
ETRF had a giant offer at that exact price putting an exclamation point on it for you
Confidence waning .. nobody going to buy on the ask here we all know it will get cheaper
The down trend is entrenched
It's not a 'bottom' until we see it go up ;)
.015 is now the new resistance after the July revenue report
Had a parabolic rise 2 years ago from .009 -.014 so .009 may be brief support before .004 but there is nothing in between .009 -.014
She's hanging by a thread
On the daily & weekly charts, the majority of the price action is below the lower bollie again
Also noting the Slow Stochastic, a momentum indicator,is extremely feeble to the upside & consistent lower highs lower lows now pointing down
"The company is the embodiment of 'American Greed' and we work tirelessly to ensure 'our' success and prosperity"
Let that sink in.
To be honest, I wanted to lay off as I truly feel sorry for those who keep the blinders on and won't take heed to the risk here spelled out in the filings. Most posters here seem like otherwise good peeps, I am sorry I don't share your outlook for RXMD, or at least it's pps short to mid term with the current over hang coming in to the float soon.
You could say 'the writing has been on the wall', which made this an easy short target not to mention a down trend and tapering volume had already entrenched way back when.
I am not here to antagonize, I simply have a counter position and make my case here for it .. it's what message boards are all about.
For every buyer there is a seller who lives under a bridge on the other side
Wait for .004 and you can triple your share count
Probably goes lower than that but that remains my target to cover at least some and not a fraction of a fraction of a penny less
I am NOT recommending a buy here until after the R/S
QB would be burning the money it costs at this juncture... too risky hovering just over a penny ...they will do an R/S, in part "in order to up list"
Old base of long time support now strong resistance
Good to see the increasing RED volume also continues to confirms short thesis
I was wrong about July but was absolutely delighted with the extension news & added to my short @.019 200 DMA
Market Cap now $5,148,622 ... below 5 they get their cheap shares and will rape this ticker
Thank goodness for the paint yesterday or it would be today ..HEY?
It's in the filings has been a well known risk for longs here for many moons
Happy FRYday!
Noteworthy there are now more than 50% fewer Market Makers partaking in this equity with half again in park mode & just retail hanging by a thread
Incidental or Telling us something?
Can't trust management here they are doing what all the pinks do ..siphoning $ .. just start at the $500K salaries for evidence
They don't care about stuckholder value down here in the sewer don't kid yourself this was a great momo that sustained for a nice duration back in the day ...never ends well if you stay too long in a stinky pink that spews false hope ...writing on the wall
Slap the Ask?? Puhlease! I'll slap it to cover @ .005 and depending on the fundamentals at that point, will decide if a dead cat justifies going long for a few minutes
Do you not have L2?
Looks VERY slippery on a FRYday
Why has the tradition of PR's bragging monthly numbers ceased?? Take a clue there is obviously something they do not want to disseminate
They are tired of answering to whiny stuckholders the silence is not surprising just ahead of the .005 price target for Chicago and the R/S to 'up list'
Closer to flushing every day ... see the chart & L2 for TRUTH
Interesting to note the WEEKLY CHART 100 Week MA is also serving as a noble resistance but here too the incoming bear cross of the 50 Week MA below it will likely takeover to become the future guide.
On the Weekly I mainly use the rejection of the middle bollinger band as my confirmation to stay short
All momentum indicators pointing down.
The .017 support has been tickled too many times now giving fair warning to longs ...a close below will trigger the imminent capitulation
Not many established supports after .017 makes this a great R/R SHORT
Churn baby CHURN!
http://stockcharts.com/h-sc/ui?s=RXMD&p=W&yr=2&mn=0&dy=0&id=p60505553033
Best place to short has been the touches on the 100 DMA
I expect after the leg down to .014ish the 50 DMA will serve the same purpose until .004-5ish by July.
Slow Stochastic looks ready to go in to a deep, embedded sleep.
http://stockcharts.com/h-sc/ui?s=RXMD&p=D&yr=0&mn=5&dy=0&id=p15398245634
I'd wait for an established up trend not seen here for well over 6 months
It's entrenched in a down trend only sensible play is short
Agree I love the translucency here too
And when we read between the lines it becomes clear as day management doesn't lose any sleep over the common sheepholders
In their defense it's the same on most OTC PINK
They've set themselves up for failure with QB nonsense there is no way Armen will qualify the necessary vetting process
Perhaps that will be the sell off catalyst to get to the target of .008 or less as per filings re:Chicago Adventures LOLOLOL
Admittedly it would be a dream I am tingling already
Here we go
Must be disheartening to slap the ask and then it down ticks for the next guy
Looks like my .004-.008 range by July will progress nicely this week
$RXMD = EASY MONEY
I got the sense that there may be a NDA or gag order of sorts in effect with M&A efforts. She seemed so eager to want to share more, but couldn't at this point in time
How do you call all the mysterious expenses transparent???
Hmmm top line growth but where are the earnings? underwater Books are Cooked
Don't see any suckers slapping the ask yet cuz cash flow SUCKS LOL
Hey Gang been awhile -
Took the opportunity last week to add another 25% to my SHORT position executed perfectly right at the 100 DMA ... full disclosure I had covered 25% about a week before ... not that I've changed my conviction.. just wanted to take some profits to another play that day
Volume continues to wane last entire week saw less volume than what used to occur here in this tickers heydudeduhDAY
I see a few longs finally coming to their senses in this shell game ... rigged management rewarding friends and in all likelihood on the take themselves cooking books and with one certain pharmacist probably kicking back a good part of that GINORMOUS salary under the table ... just a guess based on track record
QB will be a giant unnecessary expense that will not move the needle ...in fact what used to work for a pump down here in the sewer of stocks was an 'up list' to the QB for a pump ...it's now become a red flag as most file a 15-12G to delist a year or so later to 'save the unnecessary expense'...no volume on the OTC these days
More likely in this case it doesn't happen at all with management on board that won't likely qualify the vetting process
That a One Shop Popsicle stand is a publicly traded company is comical and I assure you they don't list on the OTC to 'increase shareholder value' by any measure
I'd listen to the call but can't stand her voice and I really have no questions that need answering
GLTA
Wow paint went up an hour early today lol
BUT IT'S POWER HOUR VNDM WANTS TO PLAY SOME MORE
LONGS??
Ridiculous to deny the evidence of a stock on the OTC, much less a stinky pink sheet, that long ago lost it's 'flavor of the month' status and comes out with the same predictable boring PR's that do more to hurt then help this fledgling entity's pps
See for yourself this is a severe down trend until it is not ... if history is our guide an up trend will not occur again until after the R/S and even then one should wait for confirmation before risking your capital
For now stay short my friends CDEL will not run out of shares no worries there LOL
http://stockcharts.com/h-sc/ui?s=RXMD&p=W&yr=1&mn=0&dy=0&id=p48399807929
Let's be fair there is no way we can arbitrarily decide that Midam has done anything wrong
That the company alleges such could just as easily be a smokescreen for selling shares out of treasury
That is why we must wait the onerous process of 'mediation' .. or is it 'arbitration' I forget how lame the verbiage in that PR was ...nevertheless the waiting period adds to the short thesis and odds are pretty good imo Midam will be the victor
Damage ain't over yet and the poor management choices can not be reversed
Evident on the chart ...check out the Weekly OBV and the new lower low with increased volume & volatility
VNDM popped in and out of here last week with that iceberg ask ..it's the company as is ARCA's daily quota increasing and then CDEL steps back in when they are done and down ticks every time there is a slap
It's clockwork and signals to SHORT this equity ..too easy
Have to think any hope of expansion let's say to make use of the to date useless licenses in umpteen states will most certainly entail dilution till the A/S is near maxed making the .004-5 area a very safe bet and .001 - .0001 now on the radar once the company mentions R/S later this year
INEVITABLE for stinky pinks same story different pile
$RXMD
Indeed the unabated selling continues day after day & week after week
Money IF YOUR $HORT!
Good to see you are on the correct side of the trade finally ;)
There will be no buy back lol ... this is a highly speculative penny stock that ISSUES shares like all STINKY PINKS do until the A/S is maxed at which time they effectuate the R/S
It is the name of the game on the OTC .. Revs or not same story different PILE
Very rare to make a profit long on a penny when you stay too long hoping it will one day recover
$RXMD is a has been it's over for now
.004-5 may bring buyers back for the dead cat before the R/S
Ask down ticking everyday
Bid support evaporating
Painful reality is there is not going to be enough buying volume to lift the pps anytime soon .. too much heavy lifting with the bloated growing S/S
At some point longs will rip off the band aid and we see the rapid flush
Talk of Nasdaq or even QX is laughable ..don't drink the kool aid in here this equity is in a severe down trend with no sign of reversal
Looking great here with the GIANT spread and the ask keeps down ticking all week
L2 looks heavy CDEL & ARCA both look to be increasingly impatient whacking bids
Might see that panic sell go off today being Friday ..not much on the bid side so the race to .01 will be intense and quick when the gun goes BOOM!
WEEEEEEEEE!!
Today's news is fantastic for my short thesis!
Expect more nonsensical 'third party' COSTS and/or ISSUING SHARES for the rest of this year until the impending R/S to reset the bloated share structure as we get closer to maxing out the A/S
It was already spelled out in the filings no one needs to own a crystal ball this news just adds fuel to the short fire
Do your own DD
Next week we stick the fork in $RXMD
Looking goooood!
New interview with Brien Lundin
Salvage what you can .. radio silence will accelerate the selling from now thru tomorrow's close .. last call today for (close to ) .02
Increased volume today, some are finally ready to rip the band aid off and end the suffering of this perpetual slow bleed
Smart!
Why anyone in their right mind would keep pumping/defending a stock where the evidence on the tape is so obvious??
Sells Vs. Buys nearly 3 to 1 ..again
http://ih.advfn.com/stock-market/USOTC/progressive-care-inc-pc-RXMD/trades
Stay on the right side of the trend
Have to admit I am surprised the company has not PR'd the excuses as to why the audit is still 'in progress' but not yet complete
Could it be there will be complete radio silence on this leaving longs on the lurch?? Wow what a shocker! hey dude??
Truth is no matter which happens the outcome will be the same & pps will tank to the .004-5 area ... by saying nothing it will be a slower bleed as opposed to a flash crash
It's all in the crystal ball called FILINGS
Tip of the week: Align yourself with toxic financiers and you will be on the right side of your stinky pinky trades
For Sure!
Do your own DD
GLTA
Link to today's presentation to start 10:35ET
http://tapimmune.com/2017/03/exciting-days-ahead/
Looking good here ...less than 200K showing on the bid down to .0129 and more than 200K on the ask .0194 ...writing is on the wall this is still an obvious short or SELL and buy it back where you can quadruple your share count in the .004-5 area coming soon
...here kitty kitty .. come to papa
The downward trend is due strictly to the fact that nobody is buying on the ASK and with the small amounts of buying the selling is outweighing that.
The sole reason, there is no interest in this!!!
NONE!
RXMD can initiate an outer space exploration program.
But will they?
RXMD could also initiate a R/S after the capitulation
Likely a foregone conclusion.
How many insiders own shares here? hmmmm
Trading will commence on the NYSE Mar 22
http://asia-irpr.com/takung-announces-trading-on-nyse-mkt-to-commence-march-22-2017/
Careful here I know it's tricky but read between the lines
Hard to ignore reality but certainly is a free country for those who choose to keep their heads in the sand and just talk about rainbows and butterflies
Sprinkle some of your fairy dust on this
https://www.barchart.com/stocks/quotes/RXMD/opinion
That's a great question
The answer is .. wait for it ... there is no way to know ... even if it is written in black & white somewhere it will be "out of their control" that the auditors "are busy with tax season for other clients with deadlines"
Mark it
.. this is a set up for .005, and I'm not just speaking of the technicals
that said, charts don't get worse than this
Unbelievable people on here encouraging others to buy a broken chart that can barely hold the bottom bollie riding it downward .. no where near a buy
I'm certainly not the only one who thinks so 88% SELL at Barcharts.com
RXMD 88% SELL RATING!!