Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
There's a lot of truth in that post. Also, in the US, fiber networks are really only just now being brought to the major metropolitan areas. For the smaller communities and more rural areas coax is still king and will be for a VERY long time yet.
I've seen several sub-pennies hit trips and then go on to reach .01-.04 within a few months once the selling pressure let off. A couple of those had an O/S in the 1+ billion range. Logic and inherent company value (or lack thereof) seem to have little to do with the actual PPS of these companies. Seems to me like it's more about whipping up a buying (or selling) fervor in one way or another; once a company starts making 20%-100%+ gains for a few days in a row then more people get interested and start buying in which just pushes the PPS even higher until it inevitably reaches a point that's unsustainable and tumbles back down.
The most important things that I look for in sub-penny stocks are volume and buzz. Without those two things, a stock has no hope of taking off. Of course, those aren't the only factors; volume can die down and buzz can dissipate quickly but at least OCLG has those two things going for it right now. I've got a little money on the table that's betting this stock will see a nice bounce in the next few weeks/months. There's not much room left for it to fall but the ceiling's pretty high for a potential bounce.
Wow, my order for 1MM at .0019 got filled while I wasn't looking. My ticket's bought and paid for, let's get the ride started!
Huge bid support at .0016, looks like a lot of people want to pick up some cheapies before this bounces.
Shh, not yet, I'm still trying to get my order filled at these bargain prices before this takes off, haha
I like the looks of the chart here, pretty sure the bottom has been hit and it's time for the PPS to move upwards again. I've got my bid in for a starter position, we'll see if it gets filled.
Yeah, looks like the volume & interest will start to fizzle without news. It'll make for a good opportunity to load up in the meantime, I'm pretty sure we'll see a lot of renewed interest and buying pressure once news hits.
Not many shares being traded today, buyers wanting a better bargain and sellers aren't willing to let go of their shares at these levels. I've got my orders in to load the dip if this hits .002 or below.
Took a starter position at .0026, it will be interesting to see what happens here with some good news.
Yeah, I probably should've kept a few MINE shares but I decided against it in the end. I've still got ~$40k in my trading acct (I wasn't all in with MINE) so it's not like I've pulled all my money out of the market, I just wanted to pay off my house because that's a REAL asset. I look at the money I have in the stock market more like monopoly money; it's not actually real unless I cash it out at some point. I'll be selling the house in a year or two and should make a decent profit on it (I bought a foreclosed home at a great price when the housing market crashed several years ago) so I'm planning on having some appreciation on that money as well when the time comes for me to sell. Everyone has different philosophies and strategies when it comes to trading -- I decided to trade my shares in MINE for something a little more tangible is all.
Nice to see that MINE is still going strong. I completely cashed out on friday with around $115k in profit from MINE -- after taxes that's enough for me to pay my house off and still have a little extra cash laying around to play with (probably gonna buy another motorcycle and take a vacation or two). I decided that I'd made enough money for my purposes this time around -- 26 years old with a house completely paid off, absolutely no other debts, and several 10's of thousands of dollars in liquid assets... not bad for a kid with no college degree. I just wanted to stop by one more time and wish everyone who's still here good luck with MINE going forward.
Just a little shake, NITE sitting at .0305, he knows that this is heading right back up.
Not yet. I hope we see a huge spike on news Monday and THEN get our 40% retracement.
boom, big money moving in
Haha, my E*Trade acct just went over $100,000 thanks to MINE. #winning #wolfpack
He's on twitter:
https://twitter.com/WolfOfWeedST
Good lord, MINE is going into full on BEAST MODE here! Some people are dropping some serious $$ to get in at these levels, lots of big orders going through.
Healthy little dip after that PPS explosion. Some people are getting out, new people are getting in. That's what the game's all about.
Don't worry about it too much, just follow your gut and take profits when YOU think the time is right for YOU. Money in the bank is never something to kick yourself over. Also, for sanity's sake, don't keep watching a slot machine after you've stopped playing on it.
.0199's taking a beating, .02 break imminent
Awesome day today, looks like MINE will really take off when news starts hitting!
Honestly I thought we'd be back down to just under a penny today and maybe claw back up to the .011 area by close. Totally underestimated how much buying pressure we still had here. I've never seen anything quite like it.
I sure thought we'd see a dip and some serious consolidation today, guess not though. I did sell about 600k shares off yesterday (with a .0018 avg pricetag) so now I've got 4MM free shares that I'm just gonna let ride. Who knows, maybe my house will be paid off by the end of the month.
Bounce
True, it would be better in my opinion for this stock to settle out for a day or so at least before we get any major news, we'll see what happens though. Even with news today we'd still have big things coming up such as the 10Q on Monday and the Conference Call that will likely be in the near future (next week after the 10Q comes out is my guess).
All of this is just idle speculation on my part of course.
15 mins until possible news
Not saying we'll get news for certain, but Tue and Thu at 2:00pm have been the historical day / time for news releases from this co.
MM's are walking this down, looks like we might have another dip & bounce soon. Get ready to load on the dip if you want some MINE.
I don't really know, there's no telling how much of the insane volume over the last few trading days could be attributed to people covering short positions.
Nvm, saw 5 MM's stacked at .0142 and thought it would hold for a bit, looks like we're gonna have a small slide back here.
New MM support base on the bid at .0142
Man, L2 is going all sorts of wonky now that .0144 broke. I don't think the MM's were ready for a move like this.
Not quite yet, there's no significant buying OR selling pressure so the PPS is going to sit right here until someone gets some ball$ and decides to get this train rolling again.
Margin call at .0145 - .015 sends the pps through the roof?
No idea really but my guess is that once we breach .0144 the PPS will really take off for the day.
Gotcha, I've always just let Turbo Tax do the math for me without really looking into it. Appreciate the clarification. Luckily most of my MINE stock has been held for over 1 year at this point.
nvm, MJAM2020 has got you covered and obviously knows more on the subject than I do.
Looks like people aren't as eager to walk the PPS down again for another dip. No one really wants to sell under .013 this time around. PPS will eventually make a break either up or down from these levels but I haven't got a clue as to which way it will go, haha.
Got an order in for 2 MM more shares at .0096, expecting to fill the gap and bounce this morning.
Another gap up, wow. The MINE chart is getting so hot that it's going to spontaneously combust if it doesn't cool off at some point. This thing is a beast!