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Strange trading, relentless bidwacking at 31, but ASCM is buying it all, so far 5M and counting.
I'm telling you, non retail is loading the boat. Sell now and kick yourself later.
While all the retail newbies bidwack out of fear, all the non retail MM's are loading the boat. We have FOUR non retail MM's sitting on the bid with hidden lot sizes. Meanwhile on the ask side only SUNR is in the way, and the rest is just amateur retail.
Follow the big money, not the people on this board. This needs eyes/volume/buying pressure. Regardless of the company selling shares or not, buying pressure always prevails if there is enough of it.
People are failing to see the potential here. Whether there is dilution or not, we are extremely undervalued. If people saw the value and we had the volume to back it, then this dilution would be trivial since it would be gobbled up.
People forget, they were diluting all the way during the run from .0002 to .016 and that did not stop the price from skyrocketing. It's all supply and demand, the demand just needs to be higher right now.
Even if the company were to dilute to max out the A/S, we would be sitting at $6M market cap at our current PPS. Anything lower or higher and the market cap will reflect on that.
This company is worth far more than that. Heck a company that sold sponges was worth $500M at one point, and companies with absolutely NOTHING in the pipeline have been seen at $10M+.
Get it together, this company has pending FDA IND approval on a drug that treats Aplastic Anemia, an orphan drug with very little treatment options save for an outright bone marrow transplant.
While I hate to see VNDM on the ask, the fact is that this dilution is a blessing in disguise, giving everyone an opportunity to load up at an artificially low market cap. The sooner we get more money volume here, the sooner we can start our run back to pennyland.
Churn out those weak hands, they will pay a higher price guaranteed. No one wants to be fully out of this before FDA news comes out.
Today we get a buy confirmation, anyone buying right now will be one step ahead. There are a lot of people that follow this!
http://www.americanbulls.com/StockPage.asp?CompanyTicker=BMSN&MarketTicker=OTC&TYP=S
That strategy only works as long as there are people that can actually profit by selling at 33. And I would rather that those weak hands sell out ASAP before this thing runs.
This will bounce, artificially low priced on tiny volume.
Get the word out, bottom is in, selling slowing down, pending imminent FDA approvals, ridiculously tiny market cap at less than $5m. 800 board marks, news will send this flying! Spread the word, this needs EYES.
$BMSN Bottom is in! FDA approvals! Barely @$5m!
$BMSN looking to repeat that 7000% gain, @$5m!
$BMSN undervalued @$5m with two pending FDA approvals!
$BMSN undervalued @$5m with two pending FDA approvals!
$BMSN Pending FDA approvals(TWO), under $5m market cap!!
$BMSN Pending FDA approvals(TWO), under $5m market cap!!
$BMSN Pending FDA approval on TWO drugs - <$5m market cap WTF!
$BMSN Pending FDA approval on TWO drugs - <$5m market cap WTF!
$BMSN Bargain bin prices, pending two IND's
$BMSN Bargain bin prices, pending two IND's
You are churning out weak hands and making money. Don't get why some people can't understand that this is actually in fact very healthy for the stock. Hopefully you aren't caught with your pants down if it runs.
35's get slammed till there aren't any left. Spread is 34x36, so what happens next? Some idiot sells at 34 lol. Typical day here at BMSN.
Didn't read, but now I KNOW we are going green!
That's right. How quickly people have forgotten, we have pending IND news that could come ANY DAY now. The volume that we are seeing does not even come close to justifying the massive amount of pending information that BMSN has in its pipeline.
Just as I expected, E*Turd's 6 million at 36 is gone, he sold for 33. Nearly a 10% price difference, what a loser.
And then I saw that the O/S barely increased and that it was all retail. I was listening too much to what people were saying, but it was all wrong.
When a company dilutes usually the market cap inflates, which causes a drop in PPS as the market cap corrects itself.
In our case, retail is driving the PPS down, and the market cap is artificially low. This has only one way to go and that is up!
I'm willing to bet the ask has thinned out and that 6 million share ask earlier today is long gone. Seems they all got impatient and bid wacked. Let's go bulls, buying pressure. Also let's squeeze NITE, that bastard, lol.
Not even the Vs were selling for below .0034, that was the lowest they ever went. Everything since then has been an extended amateur hour.
Only $37,000 traded today, nearly all of it via ETRF bid wacking... WAHH WAHH DILUTION!!! Get a grip, we need volume, preferably buying pressure and this will fly despite the people claiming there are "too many shares" which is BS.
$5M market cap, all that really needs to be said, that means if we get one day with $500k traded which is 10%, we would probably fly.
And just like that, your agenda became clear.
What? Less than $40,000 has traded today.. Where are you pulling your unlimited share nonsense out of.
Same thing happened to me with HKT*, Bought in at .008 on the 11th, then it plummeted to .0031, I was in deep red but I knew it was oversold and there was no way I'd sell at the bottom. Sure enough I waited it out and sold at .0082 shortly afterwards.
Now the same thing is happening with BMSN, I'm in at .0049 average. But once again I know it is oversold and the market cap is a fraction of what it should be and I will make a profit on this.
100% retail selling both yesterday and today. Flippers, day traders, and weak hands all being churned out. Non retail MM's are loading the boat. We will see a run after the consolidation and churning is complete.
You don't lose anything until you sell. I've been -75% on stocks before that bounce and actually turned a profit.
You have only yourself to blame for being a weak hand and selling at the absolute bottom, so don't come in here spreading doom and gloom just to try to justify your decision, which was a terrible one and something any pro trader would have never done.
You need to stop trading just like you said you would, now that you sold for a loss, there is nothing keeping you here. Except maybe a failed attempt at self satisfaction, which I am positive is the case.
Have a nice day.
I don't, maybe you should read the post I made right after that one.
Not a big deal at all really. In fact, there just wasn't enough volume today and the buy signal would have been wasted. I'd rather we get a buy signal on a huge volume green day, maybe the paint was actually a blessing in disguise in the long run!
$135 paint lol. This is why the stock market is a joke.
Hope you realize it goes both ways. Lamp had 10k on the bid and he bought 6 million shares. Secondly there are no 10k block shares on the ask right now, VNDM, VFIN, and SUNR haven't been on the ask at all today so your "like they're doing right now" statement is an outright lie.
I suspect green close and buy signal confirmed.
If we close green then the buy-if signal becomes a buy. Looks like there are people trying keep that from happening.
What is with this mirror trades, something fishy going on. Looks like shares are getting washed.