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Bought in yesterday and this morning. With the stock hitting its 52-week low and forming a research agreement with University of Technology in Sydney, I believe this is a good entry point.
I have been in cheap penny stocks for many years. Some have leaped 100X in one day of trading. This stock has strong potential to bolt. If we have hit the bottom in pricing, it could begin a bounce off the bottom and start an upward trend this week. Any news will just accelerate the trend.
James
Bid/ask now 2.80 x 2.85
Bid is tightly following the ask. Looks good for a final uptrend before AH closes. Very possible it will close above $3.
James
It would be nothing to break $3 in the next 15 minutes
There are a whole lot of 100 share blocks sitting on the ask. A few investors could blow through those shares faster than we could blink.
James
Waiting for the 10-Q to be released.
That should reflect the effects in revenue of new acquisitions. I was expecting it today. But, it was late 5 days after it was due last year at this time. So, maybe tomorrow. Maybe Friday.
James
Who's the joker.
Someone bought 1 share @ 1.95 and when the ask dropped to 1.94, probably the same person bought 1 share @ 1.94.
James
Last trades last night in AH
After Hours Time (ET) After Hours Price After Hours Share Volume
19:42:51 $ 1.87 500
19:21:40 $ 1.86 300
18:43:48 $ 1.88 300
17:43:16 $ 1.75 20
16:09:26 $ 1.86 50
16:04:33 $ 1.86 100
16:03:52 $ 1.85 100
16:03:22 $ 1.85 500
16:01:37 $ 1.84 199
Good buys.
James
Making a move to close the day.
20K shares available to buy @ 3.0.
James
Technically, nothing crazy is going on. The RSI chart shows the stock is neither oversold or overbought. The Bollinger Bands indicate the pricing of the stock has nicely stayed, on average, in the middle of the upper and lower bands. All this means is that staying the course is reasonable. A shareholder does not have to worry, today, that the stock will collapse or bolt in price. "Steady she goes."
James
The only way to prove it as I have said - a test
The bid needs to come up to 0.0001 or higher. Then, a trader needs to sell some or all of their shares and see if the sale translates into dollars into their brokerage account. If it does, then this stock is alive and well. If it does NOT, then the stock is as you say just "paper." Until the bid comes up, it would seem by the volume that investors believe the stock is still trading.
James
I am glad ARIOQ is still trading.
We need some buyers to soak up the large ask size and then this stock will take off. With the constant accumulation of shares, it could come next month. This will prove the common shares have not been extinguished once and for all.
So, buyers, come on and keep accumulating!
James
Prove it!
Buy the shares I talked about and sell them. If the shares exist, you will lose $5 in your account. Then you will know you have been wrong all this time.
James
If the shares were canceled, it would not still trade.
I said long ago that to prove my point, someone buy some shares (let's say 100,000 which is worth about $10) and then sell the shares for half the ask price. If the proceeds go back into your brokerage account then the shares were never canceled.
James
Trading activity last 2 months.
14-Feb-18 0 0 0 0 0 4,080,002
7-Feb-18 0 0 0 0 0 2,170,000
31-Jan-18 0 0 0 0 0 1,010,765
22-Jan-18 0 0 0 0 0 2,259,989
19-Jan-18 0 0 0 0 0 -
18-Jan-18 0 0 0 0 0 1,253
17-Jan-18 0 0 0 0 0 -
16-Jan-18 0 0 0 0 0 21,349,910
2-Jan-18 0 0 0 0 0 500
29-Dec-17 0 0 0 0 0 1,485,012
28-Dec-17 - - - - - -
27-Dec-17 0 0 0 0 0 -
26-Dec-17 0 0 0 0 0 5,630,433
Thanks - another question
I haven't followed the events of ARIOQ for some time. Has anything been brought to light that the stock is still tradeable? Or, are we still in the dark and occasionally we'll see something like today's activity? In other words, are the common shares still intact or gone?
James
Ranger7 - always good news to see a trade
Any guess why the ask size is so huge (30B shares)? Some time back it use to be around 2B.
James
My pleasure.
James
Resistance levels - there are two
0.1303 is the first
0.1512 is the second
https://www.barchart.com/stocks/quotes/SING/cheat-sheet
We bust through both then it is pure blue skies. I will be looking for a gradual increase rather than a spike that attacks the first level.
James
Cryptocurrency drop yesterday
About 2:40 yesterday, bitcoin, ethereum and litecoin (to name a few) dropped substantially in value. It would be interesting to know why. The currencies recovered some of their gains but has effected the stock price momentum up.
James
Yeah, I have played that game before.
You think it's over (any stock), you sell, then it rebounds so you buy back in with less shares.
This stock rebounded yesterday because of the heavy investment, great gains and visibility this stock has had all week.
Today is a different story. SING will start off strong. But if it hits strong resistance, it will pull back. If it can break through 0.1320, then it will continue to climb.
James
SING share strucure
A/S is 2B
O/S is 902,507,800
Float is 577,439,461
James
Close of the day impressive
With the close being at the day high, with triple the volume and graphically reaching a new year high, we couldn't ask for a better close.
I have to think this stock will be high in accumulation with the opening bell. I would not be surprised to see the stock open at 0.10.
Float is 577M, so at this point that will not play into the price stability.
http://www.otcmarkets.com/stock/SING/profile
No trader likes to be left out of a profit. Look to see this stock exploding tomorrow with only a 25% gain today.
James
There was a 1/125 split on June 26, 2011
That played havoc with the stock price for sometime.
James
I'm totally with you.
Being a long term holder on uncertain, volatile OTC stock is wasting a lot of money. Take profits (or cut losses) and run are the way to trade stocks with little or no credibility.
James
I can agree with that strategy.
I did just that thing yesterday. I may do it again today if the stock opens with a big dip and heads northward. Or, short the stock when it was $10.
My point is: play the game. Don't get suckered into "averaging down" or dreaming about what the stock can do after a reverse split just because of one day of recovery. I'll be honest: I have taken my losses in the past because of I have not always learned how to play the game.
James
Yes, DCTH investors have been ripped off.
Hopefully, those were before this latest reversal took their diluted losses before being wiped out. It is amazing a whole crop of fantasy people have come on board. To think this stock will now go to $35 is beyond laughable. Your post promising DCTH would be bankrupt in a week several months ago obviously never came true, but your calculation of losses from dilution should be heeded by those who are reading these messages.
James
They days following a reverse split don't work that way.
Dream on. Keep averaging down. Keep throwing good money after bad.
James
Do you know the history of this stock?
Do you know this just came out of a huge reverse split and reverse split three other times? I had bought in several times when it was below $1. I went through the times where shareholders voted down a reverse split but Simpson overruled them and split the stock anyway.
I don't know your familiarity with reverse splits, but typically it is all bad. There are a bunch of dreamers on this board that have come on recently. When a reverse split occurs, shareholder value is diluted by the amount of the ratio of the split. Shareholders don't like that and bail. They have bailed for the last 5 days along with heavily shorted. Most are not coming back. Those who are still in but are "averaging down" have played a very risky game. This stock did a small recovery yesterday but it will not return anytime soon to where it came from. Investors/stocks don't trade that way until well after the reverse split is forgotten.
So you can say all the news that is coming up. That means nothing to those who know Simpson burned, fried shareholders and only the hopefuls are left. Take any gains or partial recovery of losses yesterday and run. Count your blessings that you got a bit back. DCTH turned out as a very very bad investment for those who know about this company.
James
90% gain spells rough day tomorrow.
Unless some news comes out to push this along, which is highly unlikely, tomorrow will be a pullback. The stock just went up too fast to be sustainable. I bought in @ 1.575 and got out @ 2.13 for that reason.
I will be watching the opening to see if I am wrong, but the overwhelming gains today in this stock that has jerked investors for nearly a year is likely to see trouble tomorrow.
Because of the unpredictability of the stock and its volatility, any gains you make you should take them and run away from this thing. The covering that we anticipated with the shorts for the last two months never materialized and neither will it now.
James
Yes, along with the mindless Voltaire.
James
Quarterly report released yesterday - good news
http://www.otcmarkets.com/financialReportViewer?symbol=BTSC&id=182531
Revenues up through Sept 30 '17 $312,659 from $132,694 Sept 30 '16. Good stuff. Up 135%[color=red][/color]!
Paid off $229,009 of debt.
"The company has 39.9674998 bitcoins" worth $287,286.38 at today's market value of about $7100 per coin.
As noted, "Dividends may be paid on outstanding shares as declared by the Board of Directors." There is an undisclosed board of directors.
Cash balance at the end of the Sept 30 2017 period: $344,957. This is a net cash increase of $255,305 from a year ago. BTSC has a firmer footing.
Accumulated deficit has shrunk from $116,451 (Dec 2015) to $50.611 (Dec 2016) to $28.878 (Sept 2017). The paying down of debt of $229K to a current deficit of $28,878 is significant. It shows a good financial philosophy of being debt free, which at this rate, should happen shortly.
Earnings per share is defined as (net income - dividend)/outstanding shares. As of Sept 30, the outstanding common shares of BTSC is 625,836,771 shares. With net income being $21,733 and no dividend, this puts BTSC's EPS at 0.000035 per share, which is nearly zero but is a positive value. This is compared to 0.000097 in Dec '16. The reduction in EPS is due to paying down company debt.
With revenue up 135%, debt reduced substantially to now manageable levels ($28,000) and positive net income, there seems to be a solid footing for this company. Meaningful profitability is just around the corner with the surging value of cryptocurrencies worldwide.
James
More on November and digital currency
There is a lot to digest in this article.
https://www.bloomberg.com/news/articles/2017-09-20/-bitcoin-jesus-ver-sees-the-digital-currency-splitting-again
Basically, a split is about to take place in bitcoin currency. As the article reads,
"Bitcoin’s popularity has led to congestion in trade, with transaction times and processing fees at one point soaring to records. Debate over how to deal with the problem has divided the trading community, with some proposing boosting the number of transactions in each block that has to be verified by miners, and others advocating for moving some information off the main network. One faction of the community is pushing for a network upgrade in November, which could lead to a split if no consensus is made."
A split occurred in August with this,
"When the split occurred around the beginning of August -- with Bitcoin Cash diverging from legacy bitcoin -- the digital currency initially slumped 6.8 percent in a two-day slide as investors appeared to discount the value of the new coin. But prices subsequently rallied, surging to a record $4,880.85 by Sept. 1 before China announced a crackdown on cryptocurrency exchanges and initial coin offerings that sent prices plunging 20 percent."
Another split is possible. Though the price has drooped since August, bitcoin is still well over $7000.
https://www.coindesk.com/price/
James
November 18 pivotal date for digital currencies.
I saw a lengthy presentation of how the 18th will unlock trading restrictions on digital currencies. The floodgates on the rate of exchange of digital currencies like bitcoin will be unleashed, likely running up purchasing of these currencies like never before. This may be why BTSC continues to rise in price: anticipating removal of trading restrictions.
James
New ballgame
I have read the messages today and yesterday. I also know the track this stock has been playing out. Once it pulls back, it pulls back to 0.05 and then starts back up again. Except this time. The stock dropped more than 20% but is recovering. It is now down 11%. It is very possible that it will regain all losses, have heavy volume and be in the green this afternoon. If so, those who sold off with the thinking: sell on pullback, buy in at 0.05 with additional shares, sell again could very well lose profits/more shares to buy later.
I am in for much bigger ride up. And I believe my patience will payoff.
The key is volume. If the volume fades along with the price, it will pull back. If volume remains high, the stock will recover (if it pulls back) and continue on an uptrend.
James
As I close out this message, the stock is down just over 10%!
Big block kicked up a level @ 12:57.
The size of the buy block was 1.25M shares. Ever since then, the stock has been heading upward. Looks like it could make 0.11 today, easily. It's almost there now.
James
If it finishes above 0.100 with good volume, all is well.
Don't want the price to ramp up too quick. A 10-20% gain each day for a bit would be just fine.
James
Price level to beat
On Jun 6, the stock hit a year high of 0.2074. I remember that clearly. The stock traded 21MM shares that day.
https://finance.yahoo.com/quote/BTSC/history?p=BTSC
It popped after 4 steady increases in price/volume. But this time, the bitcoin price is over $7500.
https://www.coindesk.com/price/
The stock could run hard well beyond 0.20.
James
Earnings for 3rd quarter should out within a week
A company has up to 45 days from the close of the quarter to file an earnings report. The same company has up to 90 days to present an annual report, assuming the company's revenue is under $75MM.
https://www.sec.gov/fast-answers/answers-form10khtm.html
This has been the practice of BTSC:
http://www.otcmarkets.com/stock/BTSC/filings
2nd qtr '17 (June 30 close) ... released Aug 15
1st qtr '17 (Mar 31 close) ... released May 11
Income has been steadily growing in the last year, so it should be interesting what BTSC reports within the next week.
http://www.otcmarkets.com/stock/BTSC/financials#
James
It doesn't work that way.
I don't know how familiar you are with trading stocks, but as people buy at the ask the ask SIZE shrinks. When people sell at the bid, the bid SIZE shrinks. A small number of shareholders will let their ticket expire, but those are the few. I have had my ticket in for over a year.
James
Here's an idea.
The ask size is about 280M shares. That is $28,000 worth of shares. Let's move this thing. How about 5 people buy up $5,500 worth of shares. That will eat up the ask, push it to the next level and also create a bid price. When that happens, you will be certain to get your money back at the bid of 0.0001 if you don't want to hold. So I am suggesting 5 of us buy up 55M shares each. Then we WILL get this thing movin.' I will if others will.
James
If you say black I say white.
It has always been that way. I encourage all to BUY, BUY and BUY. There are millions of shares for the taking and the accumulation in the last couple of months indicates buyers will be paid back handsomely. I am waiting for my ship to come in. And it will. ASK size continues to decline. Soon, there will be a bid price.
James