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Today's close might trigger some heavy selling tomorrow or the rest of the week. Today is the first time it closed below the 50ma for over a month. I was ok with some poking below the 50ma but was looking for consistent closes above it. Also, the RSI indicator broke down below its trendline.
ouch. 0002
We've seen that a name change could spark a rally (LKEN on friday, VMGI earlier this year) but I've also seen name changes do nothing to the pps as well. Hopefully multiple updates including the name change, reduction of the a/s, new hirings at their offices will be enough to start a rally.
Obviously, this isn't the price action I've wanted, but it has consistently closed above the 50ma over the past month regardless of intraday swings below it. Until we get a close below the 50ma, I don't think theres a reason to sell.
some big sells going through, hopefully 3's hold
yeah.. especially trip 0's
did everyone else get stopped out?
your 3's looking good so far
capitulation, lets see if it can close above that 50ma
wow am i seeing this right? 2's on bid?
Nope, Scott only mentioned about the 2 billion cancellation of commons already completed. He didn't address the 1.6 billion reduction of the A/S in the CC or the PR. If he plans on completing this by months end he should've mentioned it in the CC and PR and that would've generated a lot more interest in the company. If its true I guess it gives people who haven't loaded up more time to get their shares. So if someone else can confirm this that'll be great. (Sorry I cant call because I'm in another country, I am awaiting his email)
Yeah, I was just wondering if anyone else got confirmation of this? or is HIstocks our only source so far?
Some selling here, as long as we hold 4's I'm not worried. I emailed Scott asking about the reduction of the A/S expected next week but I have not received an answer. He didn't address it in the conference call but HIstocks got that from him during a phone call. Can someone else confirm this?
summer/fall as long as financials can support it
I was hoping they would follow up on the reduction of the a/s
The CC recap PR wont be enough to break 6's anyways. Let weak hands sell, as long as 4's hold we're still in good shape. When we get news in the next 2 weeks the wall would be easier to get through. This trade is taking longer than expected but the set up is still there.
Sorry guys I'm not home right now, can someone post L2? and was that big order a sell?
i think 00's is attainable by the end of this month assuming we don't get a fluff PR this week. There are a lot of things to expect by the end of this month including the PR, name change, reduction of the a/s, and second wave of hiring for more sales reps. I wouldn't expect a ticker change to be completed by the end of January but there should be more than enough updates to expect that can make this move. With the CC being posted tomorrow, I hope it brings more interest so we can have more consolidation at the 5/6 level until we get some news this week.
5's holding well, wouldn't be surprised if some 4's print. If it can close @5/6 again ill be happy heading into next week for a PR
we'll probably get the 2 billion shares cancellation and the name change next week. If they post the conference up sometime today it'll generate some interest.
anyone who listened to the CC, can someone confirm if we'll be getting news next week?
Did they really say we should be expecting a PR next week? any idea what it should be about?
Was there a question and answer session?
bid whacking
need some ask slapping here
EYSM CC @ 4:30pm cup and handle formation
EYSM should retest HOD in power hour for breakout @.0006
EYSM CC EOD, cup&handle formation, breakout @.0006
EYSM CC EOD, cup&handle formation, breakout @.0006
Yeah, .0006 is a real wall, but the chart is a perfect set up to break it. We have a cup and handle formation ready to breakout with the right news after close.
-11% and +216%
lol cctr 2 ticks from Low of year and NUBL is up 100% today on the same news
19's back up on the ask, needs more bid support at 18 though
16s up on bid
lol sorry, but thats the worst PR ever... if anything it'll decrease buying pressure rather than increasing it. "Hey look, our partner CCTR is up 20% over the last day's close" but when people check we're sitting at LOD. A buncha amateurs are running the PR team. If we don't get some buying pressure and close near HOD we're gonna test the .0014 range
4x3, ask is stacking up. A close at LOD will not be good
CCTR huge volume oversold!
LOD on the bid.. too much selling pressure..
couldnt do it, lets see if it can after lunch
yeah, the 20ma is at .0021 we need convincing hits at .0022 and we can run.. seems like .0021 is tough to get over.