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I'm sitting with just under 40K shares and have been buying in at different PPS levels and now holding for several weeks already since my first buy in. This is the only BDI stock that hasn't gotten a PR lately and is sitting extremely undervalued and below all other dry stocks. It's been 3 weeks since the last one so we should be hearing something soon. Waiting patiently for this to take off :)
I don't know why this hasn't had a PR yet. Charts have been set up nicely and shorts have let up. Should be any day now this jumps tremendously. Holding patiently for the PR that I've been expecting as this will be worth the wait when it does.
What are you thinking in correlation to it here?
Reversal in progress. They'll start covering soon and we'll move up quick. Almost every ticker in the BDI has gotten news or some sort of PR except us. We're due for it any day now and once we do, massive squeeze. Predicting at least a 50% jump. They're going to get squeezed and scramble for coverage. Retail sales are already no less than 1.25 which will be thinned out by tomorrow. Holding happily and patiently as anyone who sells now to make scrap change will be buying in higher once it jumps to make additional gains.
Looks like it to me. Massive buys at this level. This is pretty much as low as the stock has ever been. I am fully loaded here now, sitting with 46K shares. I'm positive we'll see a reversal here and in the midst of that a PR that will squeeze this back over $2.00 easily. Shorts have pushed this down so far and are thinning out at this level. They'll scramble to cover soon enough which today is looking solid at the moment for most BDI stocks. This could be the next intense squeeze like DRYS or a less intense squeeze like ESEA last week when it jumped almost 50% in a day from a PR about a refund. Tons of gains from this level, buy and hold.
Shorts are slaughtering this. I've been loading, once the funding PR hits this will get massively squeezed. Not worried about this, just didn't expect shorts to push it down to the support here at 1.20. I'll be happy to hold my block so once this squeezes I'll be sitting nicely. Easy double from this level.
Breakout time :)
Loaded another 10K shares, holding for the upcoming PR :) Don't fall for the push down to get weak hands out, you'll be chasing when it squeezes up! Good luck!
I know and this is lining up so perfectly. Healthy consolidation this week and low volume today too which is a nice indication of holding at this level. 1.25-1.30 is the bottom and will be moving upward soon enough unless a PR headlines and my bet is that we'll see at least a 50% gap up from this level.
About to take off here. Baltic Index stocks looking great today. Should have another crazy day in shipping tickers!
What a jump. Baltic index stocks looking great this morning!!!
Massive loading here. PPS just shifted completely. Currently sitting with 26K shares now. Load!! PR is coming. I will follow up with my contacts again.
Looking like there's going to be a run here today!
Great consolidation again today. Strong support and nice large EOD Ask hits. The funding PR will be coming out any day now based on their timeline. Once it headlines this will be a massive gap up and a run.
FYI to all, I have another 10K share block at bid that's been sitting there since 9:30AM. All that I've gotten filled was about 1K shares and every partial fill has been less than 100 shares, some as small as 1 share; so when you see the last trade state 1.30 PPS they are just trying to entice people to sell at bid. This will be moving up quick, have patience!
Solid consolidation, churning and ready to move up.
This is setting up nicely. Weak hands have fallen out and getting ready to tick up quickly with low quantities on the Ask.
Any ideas on when to expect the funding PR? Lots of positive news should be coming soon but hard to make out a timeline other than most likely some time this week.
Up we go :)
Loading today. Massive consolidation and loading on Friday. Should have a follow up PR shortly.
Hopefully you loaded the boat as well! What a squeeze today! Have to admit I made a killing off my trade but sold a bit early as I didn't expect it to jump this high in one day. Hope it dips tomorrow so I can jump back in lol!
What a great day! Hope everyone loaded up when I was posting to take advantage of that drop! :) I will have to say this was a great opportunity to make some easy money!
Great short action today :)
Thanks for checking, I didn't see a reason why it would've been deleted; must've been the app. I wish they'd come out with a better version and kick out the bugs here, at least for IPhone that is.
Wish you the best here today. As always, I hope everyone makes money regardless of the direction they play because simple enough, we are all here for one reason; to make money. :)
My post was deleted or it didn't post last night (this IPhone app needs work in my opinion) so reposting this for you. I expect continued consolidation, however don't expect such a large decline again. 22.50 is brief support which did hold so continue to watch a breach of that before assuming the PPS will fall further. Resistance again will be at 23 as it was prior to this decline which couldn't break through and hold above without several attempts. Don't count on it moving past that PPS and closing above it unless the indexes remain strong to the EOD bell and buying pressure holds throughout the day. Could see some positive momentum from this level as it bounced well off brief support and held above; watch for what I stated above.
Replying to your PM Joe: Send me my gift card, you owe me! Did I not tell you to short this sucker PM or what! You are more than welcome to fly to Orlando and meet for a drink or meet me in the city, I'll be flying up to NY in 2 weeks.
Called it :) Haha. Thanks BAC, as always.
If everyone isn't loading up now, they are tremendously missing out on the best and most profitable stock in this extremely low PPS out there. Can't get any better of a line up than this.
Loaded 10K shares 4.18-4.22
I don't believe this will shoot to the teens tomorrow but hopefully soon. The squeezes here are crazy as I'm sure you know. I sold off my shares Friday being that I scooped them in the low 4's and wanted to take my profits just incase if this dives back down tomorrow. I'll be looking to re-enter tomorrow or Tuesday depending on the performance here.
Too bad more people aren't on this board :)
Well they finally let it move for once. Took long enough!
This is ridiculous. What a walk down manipulation. Day after day they've taken this down .15-.20 a day. This will close at no more than 4.60 today, watch.
Called the decline today on Wednesday... Told you today would be the fun day :) Don't know if it would hold down all day but it was a nice dip from the highs off PM.
Reloading here. 4.80 support line :)
I'll be making a whale buy here at opening :) I know ERBB all too well.
Less regs and higher IR's are not always a good thing let alone a sure thing to insinuate a positive movement.
As a side note, please look at the chart, if you don't think a correction is needed here you need to take a look again. The whole market needs a breather to say the least; it's been running on fumes and continuously looking for another story to push it higher. The market is in a holiday spirit but once the holidays past and the dust settles it will relax and breathe like it needs to. Like I stated earlier, it may not happen this month but sometime within the first Q this will have a pullback correction, go through some much needed consolidation and then can proceed its course in a "healthy" manner.
Shorts here will get squeezed at some point but not sure how much further they will push it down. 4.60 is support which was broken today for a brief period but on a good note closed at the support line. AH trades were averaging around the close PPS which is another good note. I'm keeping my eye on my position tomorrow as if this continues to get pushed lower and can't make it back above 4.60, I'll sell and buy in again at a lower PPS. I do believe a squeeze and run is coming but don't know how far they'll push it before they all get squeezed :)
I honestly didn't think BAC would move this far up. I do think there will be a huge correction here at some point but the market in general is taking leaps before steps so a correction is needed just about everywhere. Once the pullback happens it will be followed with the massive sell off from the unknown bottom. We may not see it this month but the beginning of the year is where I'd be careful if you're a ST. Playing some fast movers lately but have been keeping my eyes on this for a direction play. Friday looks like the day here at the moment.
Two reasons. One, I have day trading accounts for both TD Ameritrade and Scottrade and both of them are rejecting short orders for this ticker. Two: Most brokerages do not lend shares to short if the PPS is under $5.
I don't know what other brokerages don't lend shorts under $5, so I am speaking from what I do know as all my posts are as accurate as possible and that is 2 brokerages are out of shorts, TD and ST as said in my previous post your inquiring about.
Short squeeze coming. Shorts are unavailable now in 2 different brokerages.