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I agree, great way to pick up shares from people too afraid. It's pretty volatile now. Bids will pick up.
I put my sell limit up above .10
Rarely does it ever happen. I know of one or two instances and it took many years.
Let me know if you can trade it Friday chunky-g.
Yes, unfortunately, I lost alot here. Bought the initial spike, tried averaging down, but it just kept dropping. Hope all do well here.
Yes, unfortunately, I lost alot here. Bought the initial spike, tried averaging down, but it just kept dropping. Hope all do well here.
I had to bail this morning. Continued dilution. I'll keep an eye on it. But, it's not looking healthy right now.
I'm building up a decent position myself. So won't have to chase, when the time comes. This has been a low volume take down by MM's. Volume much lower going down than it was going up. So, I am still positive. Just needs a few decent buys.
How low do the MM's want to take it down?
Low volume bleed down. No buying interest so they can take it down with small sells. It will reverse soon, I bet this week.
Not enough volume to overcome the dilution that is also happening. Just have to wait for them to finish.
Patience is a virtue. Just have to wait for the MM games to stop.
They did the same thing with CDI*X, ran it pretty good and then pulled it back 60%, now its running again. This one will recover, now its about getting rid of the loose hands, once buying resumes, this will zoom higher fast, just be patient and don't be frustrated, this is what they want. Just wait a couple days.
They added a billion to the float
OMG, remember the kool aid massacre? Jones massacre or something his name was. Everybody drank the kool aid and died. You really want to sucker more people in? Just suffer thru it and move on.
Anybody can say they are ahead when they are actually 5K down like you. Thats why you post so much, if you were up you would not have a care in the world about this stock. Just sell your 2 million shares at .0005 or below and be done with it because wink wink you already have a profit. Welcome to stinky pinky land.
What are your gap up predictions? .01? .0075?
Good you were smart. They are worthless now.
Who cares what you made? Lots will lose hundreds of thousands.
I hope you are not the poor soul that holds 39 million. You are basically screwed Just admit they pulled a scam. I have had 3 grey sheets I had to deal with, lost 90 percent of my money. Get what you can
I agree lets not make predictions
I appreciate your DD Simon. I understood what you meant. You have a core position that you are not trading, but you mentioned on a quick dip to pick up a few more and flip them. Lots of people do that, but leave the core position alone.
You will see come Friday. You might even have to call your broker to make a trade.
It barely moves on 100 million volume when it could be traded normally.
Reality will set in this Friday my friend. Have you ever tried trading a 4 billion float grey sheet stock?
They are just cracking your bal**. Anybody can trade however they want. As I said earlier, I had SHM*P and had bought at .0215 and it immediately dropped to .021 and I sold like a numbskull. A few days later it started it's history run to .94 within a couple weeks. Lost out on $25k. There was no warning when it took off. No news, people just started buying and it became a frenzy and the momentum was off the charts. They were diluting also to raise cash and the OS was at 300 million. yet it ran to .94.
Check out the dates jan 17 to Feb 12. I was weeping.
https://finance.yahoo.com/quote/SHMP/history?p=SHMP
It will be more stable once it gets over .10. Right now too many large orders.
Low volume manipulation. MM"s can do anything they want when volume is this low. I'm not doing what I did with SH*MP. I can be patient too.
More sellers than buyers. Pretty simple.
Get your sell orders lined up ASAP.
SH*MP style move would be sweet. I remember unfortunately I sold that at .02 right before the big move. Lost out on close to $25k. Sold, a couple days later it took off out of nowhere to .94 within a week or two. That had 300 million outstanding.
ASCM to .05?
LOL, you have not done a lot of research obviously.
Cant wait to see where this opens. I soo want to buy a grey sheet caveat emptor stock. Been a goal of mine for awhile. Can I get .0010?
I love diluters on a low float over .03 stock, they are raising money.
i'm scared, whenever you come on a stock I have and start posting in capitals and bold letters it tanks. Lets hope for better results tomorrow.
awesome DD and post. Thanks for taking the time to research and post.
Yes BerkshireAgent is pretty bad too. I usually step away from a stock he is pumping.
So basic, it is useless. You actually use that for your buys and sells?