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There are plenty of "great news" days coming! The actual record Annual Report, updates on growth, new product, and deals. Each time will spike the price and volume, and each time that will draw the attention of the smart money. The volume will grow, as will the price. Your patience will be rewarded. JMO.
yes, the .03s is very realistic in the short haul. IMO
Looks like the new folks will be paying a penny and up.
The short volume was about 4M yesterday
At these prices their shorting for ticks, so most will have to cover. IMO
If you can trust the numbers, the short volume has been running higher last few days. Yesterday 72%
There are OTCQB and QX stocks that are not in this good of financial shape trading for dollars. JMO but true. Undiscovered is an understatement.
This only one distributor reporting, they are UP 73% on their numbers, this is NOT the Final total
It's on iHub now, they picked it up off the wire.
Good morning :)
Who's selling 2M this morning?
Still accumulating, bought some more today :)
Good Morning!
Almost all the volume has been Buys. Someone grabbed about 2M at .0049 too.
It's not complicated folks. Most are holding tight and adding on dips. Simply waiting for the Annuals and an update on new business. Nor is there "new" investors at this time. There may be some sitting on the side lines, waiting, I don't know. Certainly the pending updates will attract a wider crowd. With low volume, not much excitement.
The fundamentals have not changed, I'm still accumulating at these low prices personally. I see we have woke some of the sleeping trolls. Watch where you step.
Gm! Indeed.
Great, thanks again! more coffee:)
Yes, but that one was about a month ago. I was using it to gauge if we have attracted any "new" investors. We seem to be about the same.
thanks :)
Could we get an update on GMGI followers here?
447 FOLLOWERS AS OF 7/22/2019
No news in a month, and waiting on Annual Report. Little to attract new investors. The one's that are aware have been accumulating. Some impatient selling that has balanced our buying. Occasional flipper. Not unusual behavior under the circumstances.
Of the thousands of penny stocks, very few investors are aware of this rare company. There are very few Pink stocks with continued and growing major sales and profits like GMGI. The Annual Financial summary will help greatly, as will an update of growth and the future, IMO.
I'm still Buying.:)
Looks like about 1M on the Bid this morning
I think you're right on all points.
I think it is more than the anti-extradition bill, I believe Hong Kong wants their freedom back. They are willing to stand up to the hard line China rule for it. I don't think China will give it to them. I hope they do not send in Chinese troops to Hong Kong. I hope they find a peaceful solution.
That being said, I do not see it having a significant impact on GMGI business. JMO
There are many countries in the APAC region of business. I believe the majority of the GMGI business is from Macau in the area, probably some from Hong Kong and mainland as well, but Macau is major.
As you know, Macau is physically separate from Hong Kong. The people of Macau are also of a different mindset than in Hong Kong. Its people show little signs of dislike towards Beijing. People of Macau recognize that geography is destiny, even if some or many in Hong Kong refuse to.
Besides most of the gambling is online and mobile. The current tone may keep some tourists from the area, but I don't think people fly in to gamble online.
I think the "platform" is in the Sidney, Australia HQs and through international Casinos GMGI licensed operators in Europe and South Asia transmitting to the regions.
GMGI IS undervalued. But, don't put too much faith in just charts as they are little more than a reflection of the actions, and seldom offer any good leading indications. There is always going to be stock manipulation from traders and MMs that charts will fail to see.
Tech is great for guidance in decisions, support, resistance levels, overbought/oversold, trends etc. Charts are not good with emotions like fear and greed and this LOW volume allows more manipulation.
Our solid base of growing fundamental income is our strength. Yes, technical indicators can guide us in timing. JMO :)
There does not appear to be any issues with international flights to Macau, where GMGI has their headquarters and is the center for gambling.
Good morning all! :)
Gm all! If the Hong Kong turmoil is scaring away some, it's my understanding most of the protestors are very young and will be going back to school soon. I'm still accumulating as well.
Indeed!
There it goes again, a sale way outside the spread, out of the blue, to take us down? More short volume still out there?
A rise from 26% to 83% in Short volume yesterday. That little exercise this morning appears to have been planned.
It's CEO Goodman that built and made possible six GMGI profitable quarters. An unheard of accomplishment in a sub penny stock. A solid fundamental base. Plus, acquisitions and mergers bring strong growth. Rational people do not piss on their own investments.
Emotions, such as greed and fear often influence stock prices and actions. Your charts and technical indicators paint those images. But it is the profits and losses, the fundamentals, that always bring prices back into line and fair value.
I believe GMGI, because of these realities is greatly undervalued. Those that can understand this, will recognize the opportunity.
Worth repeating: putting GMGI into perspective, there are currently over a thousand stocks on the OTC trading between .03 and .15 cents. Ten of those have about a million or more volume.
Do you know what all of those ten tradable stocks have in common?
NONE of them are making any profit. Zero. Matter of fact, only a few are even making any sales at all. Plus, they sure don't have any large cash on hand like GMGI
GMGI has made revenue sales every quarter for over a year, is currently making net profit as well. AND has more than a million in cash on hand. There are many stocks with floats as large and more, trading for multi pennies as well. This stock is RARE, has a lot of room to run, IMO.
I am a shareholder - Please do your own due diligence before buying or selling ANY SECURITY in the open market, there are no guarantees, but there are opportunities.
Nice 400k BUY at .0047 :)
It's not "new" money, but I'm still accumulating:) Who's with me?
I thought we had a pleasant group of ethical investors here? I found it refreshing. So we have some sleeping trolls as well?
We have already climbed back out of what ever BS that was. Still a few cheap shares to be grabbed too.