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When COWN was dumping, what, a million shares, the price tanked. So you seriously think that a billionaire that owns almost 90% of the OS would dump into those headwinds before increasing this stock's value many times over? On what planet does that make sense?
Looks like a fast approaching golden cross on this gem too. Should be testing 52 week highs soon.
Can anyone explain when shorts will be forced to cover? The way I read the 4320 flag, there seems to be enough volume to require them to cover.
Is the float expected to explode like crazy because they just finished paying off debt, or now have a line of credit through their CEO?
I'm looking here.
https://coinmarketcap.com/exchanges/counterparty-dex/
It seems to update regularly. I wish it had volume data. I kept seeing $1.36 yesterday and investigated a bit further and found this that now had it at $1.54. I don't want to misrepresent anything, so please correct me if I'm wrong.
I don't want to be the guy posting every tick up, but it's now $1.46, and appears to be in full breakout mode. Ready for Monday.
I don't understand why anyone should care if there are flippers. They either make money on a momo play as it is rising, or get impatient in a lull and move on selling cheaply to a long building his or her stack. Flippers don't bother me in the least.
Dang. Troptions up to $1.44!
https://coinmarketcap.com/exchanges/counterparty-dex/
I mean, $69k in convertible debt is nothing in this arena. And now, it's literally nothing as the conversions are complete and they are issued a line of credit by their main shareholder and CEO. And the balance sheet is improving. Correct me if I'm wrong of course.
Alright. I'll admit it. I have no idea what in the hell a troption is. Any help?
And if I'm reading correctly, any exercised warrants would be added to the OS, but not the float. Is that correct, or am I misunderstanding how that works. I mean, a 25 million float that has no convertibles, and a solid balance sheet is such a rare find. Thanks for bringing these things to light so part timers like me can investigate, and at least dip our toes into these great stocks early.
Nice. Beat me by about 30 seconds!
I'm going to ask a very stupid question here. Why is this trading so low, and how did I miss this? I'm getting out of the business of fooling with bloated 5-10 billion A/S companies, and am glad to be in here at 19. GLTA.
Smart ones are accumulating on the bid. IMO of course.
I'd be thrilled no doubt. I'm confident that my investment is safe here, and really hope it moves to $10, and quickly! But at my average, I'd be selling, and thrilled.
So you think a connected billionaire bought 80% of a company with revenue around 18 million dollars to let it fail? I'm not trying to be a smarta&@ here. I didn't touch this when it was near $1. It needed to cool off. But when the conversions were largely finished and the bottom (imo) was found, I bought at 22, 33, 36, and 41. $1 seems very realistic on any sort of good news, but I do agree that the predictions of $10 by the end of the year are a bit outlandish. And while I want to say I'm long and strong, anyone and everyone can have my 8500 shares for $10.
Whoa! Now that's a slap!
Gonna be funny when someone knocks out that 23k.
To be honest, that's a refreshing take. $10 in 10 minutes gets old on these boards. Thanks for your time and prediction. And I definitely won't hold you to it!
Again, you talk of a spike up and pullback. That's par for the course. I'll take a spike to $1 and a dip. You'd be foolish not to expect that. This company, at worst is on track for $18 million in revenue this year with a connected billionaire pulling the strings. Couple that with the low market cap, fantastic share structure, and general lack of awareness in arenas where much lesser companies are exceeding this market cap many times, I'll take my chances.
But the good thing is, it might go up fast. It also might drop fast, so be careful. Also, volatility is low, so it might stay in the low 40s.
What a fine reply. Covered absolutely every base possible. Could go up quickly, could go down, could have little volatility. You'd make a fine tv weatherman.
Ahh. Thanks for the input! I figured it was something simple.
Sorry I wasn't clear. I added 1500 to my long position. I just wondered why when I (lightly) slapped the ask, it filled at the midpoint of the bid and ask. I will also never short a stock. I don't have the constitution for that. I didn't know if this was a sign of an MM covering a short position at a slightly lower price.
Question for those much more seasoned than me. If you look back in the trade history you'll see a trade for 1500 at $0.4145. That was me adding to my admittedly paltry stack compared to all you six figure holders. So I put in a limit buy at $0.419 when CDEL was on bid at $0.41 and ask at $0.419, and was filled at the midpoint. Is this commonplace? Does it indicate a short cover? Is it something entirely different? That half cent covered my transaction fee and a cold beer after work, so I'm not complaining. I'm just trying to learn. Thanks in advance!
Damn. May get a 100% day today.
Yep. I'm comfortable holding this for awhile, so I'll either ride it up, or grab a little more if he drives it down. My gut says he's holding the rest because he sees the price action when he backs off. But by that logic, he would've stopped awhile ago. Like you said, all speculation. Who knows?
Oh I get that it wasn't his intention, but it sure was nice after I missed the initial surge and was able to load at 22, 33, and 36!
That was my thought process. COWN has been off the ask for over a day. I would venture a guess he's holding the remaining block. If not, he can feel free to drive the price down with his remaining 390k. I'll gladly take some in the low 30s.
I was lucky to be on vacation out of the country during the crazy drop. Average is low 30s. I was holding back a little in case COWN flashed again, but it looks like I missed my chance on more low 30s. Oh well!
Wow. Great day. Excellent buying into close. Love the slow and steady climb. Wish I was more of a baller and had more than 7k shares.
Good Lord that is some bid support. Fortunately, it looks like few are selling into that now.
Pretty beautiful chart on the heels of that 8K with the PSAR flip. Should draw some eyeballs here.
That's exactly what I was thinking.
I'm only half kidding when I ask this. Why don't you just call Cowen and ask them what they sell the rest of their block for? You get a ton of cheap shares, and they instantly jump 50% on the announcement that Cowen is done. Maybe that isn't how these things work, but if you're looking to build to a million, and they have a few hundred thousand lying around, it seems like a perfect marriage.
I'm guessing you mean $0.2x?
Easy muchacho. I'm building a position and making money on the way. Jumped back in low 20s. I'm building up shares because I do believe in the company and what's happening. I just wondered if Cheds was in that camp as I know he typically doesn't hold otc stocks long.
I know you typically don't hold otc stocks more than a day or two. Is this a different scenario, even for you? I've been flipping some, but found myself building a little position here.
That was one of two things I really liked in that Q&A. Getting this device to doctors, and in use is key. If it works, this tactic is a good one. I also liked that they didn't blast Chinese LOI out like the first LOI. This was just kind of slipped in, and would've been major news a few months back. Don't get me wrong, my faith is shrinking here, but no point to sell at the bottom. Any substantive good news sends this up. I'll wait either way.
Yeah, I guess. I mean, it just seems odd to not adjust your fire when it's clear that COWN on the ask damages share price in the short term.