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I'm wanting to see the gap fill at .0089! Until then i'll wait! GL
Really, when did you place your orders? I had .011's left over that only partially filled yesterday, but they all filled as well as my .01's but i had a GTC order in. I agree though right after the morning flush the m's walked it right back up forcing anyone that wanted in to bid it up or hit the ask. GL
Thanks bud! I'll be doing the same thing in the other plays I'm in! GL
Lol you know me raw. Yes I posted back on the 5th early in the day i sold a 3rd at exactly .16 another 3rd at .14 and change the remaining was sold on the 8th when it broke through .10 and wasn't done selling until .08 that's the main problem getting to big in these low floaters. You have to be very disciplined to lock profits on those big pop days. Gone are the days of the big 1000% to 6000% you got to lock in profits much much quicker. Way to much company dilution on top of group short attacks on anything that's up 100% or so. Someday this will change but not until the OTCQX stops making new 2.5 year lows everyday which it's down today 15% and now 65% down from its peak. Until hf's come back this will be a low float played by mosted retail longs and shorts.
what do you think raw?
I agree for the most part. I'm not in the camp that this was some camp of furu shorts. I suspect due to the low volume drift that was taking place at the same time the bid was obviously very and was looking like the pps was going to roll over. I posted on Twitter well before the flush that the Macd on the Daily was rolling hard and suspected a pullback. Thats all it takes for some flippers that got in, maybe in the high teens to exit even as well as some longs seeing what was about to happen and locked in profits. Once it started to roll hard, you're going to get folks killing the trade to limit loses, traders that bought in .00's locking in profits and it just started too crescendo, and of course the blame on shorts is gonna come. The one caveat is we are seeing which seems to be about 5 out of 10 OTC companies raising their A/S and diluting their shareholders daily in the OTC. One just needs to look at the OTCQX market which today made another 2.5 year new low, down over 60% this year alone to see what's taking place in the OTC! Bear markets don't last forever! GLTU
For sure it is, but i'm looking for a real run to start in early January. I will be selling into that PA run as well. Thats what i do! What's changed is some got scared into selling shares to me at the low of the day it's part of the game we play! I'm not sure if it was shorts or m's playing games but what i do know is the volume was nonexistent telling me the move lower wasn't likely going to be a long-term event. Shorts are just part of the game here Herc, is it not fair, doesn't really matter because it will never cease to exist as in my almost 27 years of trading there will always be a group, hf's, institution or even just a very large trader that will manipulate pps in their favor. I ignore all that, i trade my plan and it either works or it doesn't its that simple! Todays PA stays within its trading range of its large flag of .01 and .02 GLTU
Totally agree! It's clear we're seeing lots of OTC pps collapsing as of late, but today's PA all started on low volume and scared some to let go. It's all good imo. We all trade probabilities here. Some are better than others at speculating when to buy or sell. I'm quite happy with today's selloff. Would like to see a close above $.015. GL Steelyd3
im expecting a great day here, now that i was able to add nicely to my position. Rest of the day and week should be fun. imo
lol, i've added 3 million so far today, most at now .011 and .012 thank you all that sold!
when did he say this? BOMO ceo said the same thing 3 months prior to announcing a RS.
This PA makes you wonder if they are really done. Seems every ticker in the OTC is diluting.
500 million?
What's happening hypernova, hope your doing well buddy!
Great close today! We were able to breakout through the top of the flag and close exactly at the same pps as the high made on Tuesday, but this time the buying momentum remained into the close. Set us up for possible strong open Monday morning. Not thinking i'm gonna get anymore .019's lol, thats ok. GLA have a good weekend.
That's exactly what I said yesterday! Going for the big monster parabolic moves are not gonna happen in this kind of market. OTCQX markets yesterday made another new 2.5year low. All these companies are trying to raise money/diluting to be able to weather the oncoming storm. You get a 100% and don't lock most of those profits, we'll you had it coming imo. Maybe in 2023 or 2024 we get back to a normal otc market.
Lets see that breakout tomorrow and not look back! Send us off to the weekend with big smiles on our faces!
you know as well as i do thats not happening. Almost always when you have a intraday collapse in a stocks pps there is a reason for it, like it or not. If this is an attempt to lock the float buy scaring retail investors out, its not a wise move as so many retail investors are already gun shy about pump and dumps that ultimately lead to dilution. The fact the A/S was raised 300% last night, and couple that with todays PA on CEO news should have anyone still shuddering a little. I know there are those that say NO Way i'm diamond hands. Lol dumbing thing anyone can say let alone do. GLTA
No and that's why I'm not positive. The delay in updating the OS was making me think it was dilution, but to my understanding it shows 12/8 updated and being those trade occurred on 12/2 would make me think the 12/8 update would mean the 12/2 fits in there. The way they buy Geordan and Pete Common shares is the only thing that makes sense right now. But we won't know until the next Q
It has always been the way the markets work. Retail almost always buys tops, then they turn into longterm bagholders, that then usually are stuck there when the company start to dilute to raise capital. Take what just happened as an example. The company knows they've trapped a ton after retail from $.08 to $.16 with all the pumping that happened last Friday night into Monday here on Twitter and every other media platform. They know retail generally averages down and it's the number one way companies dilute to retail. Hard fact! Anyone can say this explodes on a merger pr, maybe maybe not. Maybe the pop to .16 was buy the rumor sell the fact. All I know is that today's PA i saw after the ceo pr is all I need to know something smells.
I don't have that answer privatee! I'm not one to wait around to find out either. It imo is always best to step to the side, lock in profits or cut the loss rather than turn the trade into a bagholding position where not only am i losing money i'm losing time where that capital can be used in another moving ticker. Maybe it works out for you all! I don't like that they raised the A/S last night and then the Ceo change and it tanks the pps. GL
I'm not positive Mith, but when it happened it didn't look like retail at all, nor did the blocks look like retail, non of it. For days retail sold the bid from 2 bill to 1.2 billion with the Ask at .0003 climbing to 360 million, then bam there gone and there is then 350 million on the bid at .0003 then several minutes later the whole lots gets sold. So roughly 550 million moved at .0003 then everything goes back to normal retail trading which we've seen since the case got pushed to Jan 2023/ which is 2 million to 20 million per day usually under 8 million. Not sure what it was but i don't think it was retail. just my thoughts
Sure i did and posted it on Twitter and Ihub when i did slick in several posts. Hope you have a merry christmas but it wont come from this ticker now. One of us has been doing this for 26 years one of us hmmm NOT!
warfaretrader
Re: guitartrader post# 124120
Monday, December 05, 2022 2:44:41 PM
Post#
124122
of 124985
Thanks guitartrader, it was a great trade. Still holding 1/3 at least for now we'll see how we go into the close. Even if I completely exit I'll be playing this in the near future. GL. Now we just need that other ticker to make a similar move. lol
yep, I sold a 3rd at .16 on pump day and another 1/3 at .14 and change, and smaller chucks yesterday and today, and the remaining when .09 broke! I dont wait around for the dust to settle. I'd always rather be on the sidelines. OTC is nothing but pump and dumps, the huge parabolic runs are gone and folks are still playing this market like thats still in play! Its not, you get a 100% move you need to be selling a good portion of that move and move on to the next BEFORE YOU GET USED BY THE COMPANY. OTC COMPANIES ARE ALL RAISING $$ TO WITHSTAND THE BEAR MARKET AND ECONOMIC SLOWDOWN THAT IS COMING.
These are the days where new bagholders are made buddy. They just raised the A/S last night, now the new CEO and the PA is screaming RUN! Big buys not moving it when it should have screams DILUTION if not today it is coming here if its not already here. Those that bought above .08 you not going to see it for a while.
BYOC updated its S/S no changes through 12/08 so that volume surge we saw on 12/2 wasn't dilution, and I'm 99% sure it wasn't retail, so maybe the next Q will show something. Also the court transcripts were filed on the lawsuit yesterday if you don't mind reading 250 pages.
Chart is looking good, and I don't know if Bonsai1 chart perspective was from yesterday or after todays close. I agree the chart looks good; buyers continue to support the lower levels. So far two days after our pop on 12/5 we're forming a pennant (Higher Lows) (Lower Highs) BUT what eliminates this from being a A+ chart is the black candle on the daily today. Would love to hold the .10 level tomorrow but the .09 is a must. I think we still have lots wanting in at those levels, so not too worried, time will tell tomorrow. GL
Nice couple little hits on the close, m's played the wide spread for most of the day. Need so big volume to push this to new high's. Expected news any day could do just that. Still think this is one of the better plays right now in the whole OTC. Still holding up well in the consolidation range of .012/.019 GLA
You are correct raw! Any of these solid low floaters can go pb on the right pr. This one is one of them, needs to hold .08 or we'll see a big drop. imo
It just ran out of buying momentum on that breakout and the m's were able to pull it back in on low volume and triggered stops at both .018 and .017. This still sits in its consolidation zone. Lots of penny plays got clobbered today. Look at what happened to the Golden Child GD/VM I still think this breaks out soon, but even if it consolidates from .013 to .017 I'll be adding!
yep, was immediate! Lots of folks trapped much much higher. People thinking this will be back at highs anytime soon I got news for you. One just needs to look at the volume. Selling pressure all the way up folks.
Lol, that's because your right! Had nothing to do with shorts. One big seller started a cascade of sellers running for the exit all at the same time.
Lol, there you are Mith! Happy holidays buddy! I know bah humbug.
Man it's been like shooting fish in a barrel for me for weeks now. This one is gonna get some wheels just like $CG/NA. GLA
Mith? Is that you?
Breakout baby! Big push in volume coming!
Hoping i can add some in that .014 to .015 range tomorrow. This ticker is gonna get some legs quickly once it takes out the .0184 level. Lots of low floaters killing it in OTC the past few weeks. This one could be next! GLA
I expect this to trade between today's low and .1550 the next few days consolidating the move over the last few days. Then I expect it to make a run at the highs late in the week or early next week, on expected news. GLTA
It's moving nice and yeah much. much thinner.