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We will be laughing all the way to the bank on this one
We will be laughing all the way to the bank on this one
I hope this stays down next week when my 401k funds become available
I'm looking to load some cheapies
That is very good for psychology and causes traders to behave differently
That's one of the reasons I bought into this yesterday... It's a central theme that I always hear people talk about on these boards "how much convertible debt"
Many people make their buy/sell based solely off that
And most shells are polluted with convertible debt
No convertible debt = more buyers = higher PPS
Where did FallColors go?
Oh wait it's a green day.... I forgot he doesn't show up on green days
Physcogically this is eating me alive after buying at .0028 yesterday at the open
Bought some more this morning but all of my funds are exhausted at the moment
I really hope you're right and this does go above a penny
For every $1000 invested, $10,000 in your bank account
For every $5,000 invested, $50,000 in your bank account
For every $10,000 invested, $100,000 in your bank account
In other words, this is an easy 10 bagger so load all you can
Might take some time but I bet this gets uplisted to NASDAQ and trades somewhere between $5 - $10 per share
Maybe even more
I’m still pissed I bought at the top this morning
Thought we might get a little sell off but wasn’t expecting to come home from work and see it down 50%
Whatever I guess I’ll buy some more tomorrow morning to bring down my average
Yeah it’s just demoralizing lol
Put it an order early on this morning and get home from work and I’m like WTF lol
Gonna buy the dip tomorrow though
Got murdered today. Bought at market open.... smh
I have my order in at .0032 just to make sure I get filled
I saw that one at .0015 and didn’t pull the trigger
Faaaaaark
Slapping the ask tomorrow
.02 coming soon IMO
Does that mean the shorts will have to cover? Or no more short selling for ONTX at the current price?
Yeah there's been a lot of dilution
Hopefully all those shares have hit the market and we will turn green the rest of the week
Some hidden forces are holding this down IMO
We nearly got up to .50 this morning premarket and stayed slightly red in the same range the rest of the day like how does that happen?
Just makes no sense. I think there are some institutions that are trying to keep this in the red
I think this has some upside and hopefully they can get the price above $1 without a reverse split
There is a lot of dilution though which I guess is understandable since they need to raise money
I am just afraid they might keep diluting this thing and then reverse split
Hopefully I am wrong
That’s awesome... yeah I think this is a good trade setup
Maybe even a good long-term investment since they have a new drug coming to market soon
Which boards did you check? I’m curious
They are obviously getting close to launching this drug mainstream
The fact that they made it past Phase 1 and Phase 2 is a great sign that their drug is effective
The only question will be if investors are willing to pay a higher share price now in exchange for future earnings
I think this could be a good long term play but my only concern is a reverse split if they can’t get the share price back above $1
Hopefully the stock will go back above $1 soon and stay there
The fact that hedge funds have taken big positions is a good sign
I saw that one recently had a move from .55 to $2.85
Expecting a similar move in this stock in the near future
Considering they are in Phase 3, they must be very close to getting marketing approval from the FDA
If we get news that the drug has been approved then the PPS will skyrocket
They have a lot of info to share so who knows what will happen next week
I’m expecting some PRs and a massive increase in the PPS
Float is super small
That’s why the spreads are so wide
We probably trade about 10 - 20k shares a day which is NOTHING at the current share price
Just imagine what will happen once volume picks up.... the stock will explode higher
I'm sure there's been some dilution but also a lot of shorting
Huge run coming this will shoot past $1 real soon
I'm a seller at $1.50.... You can wait and buy there if you want
Huge short covering rally coming today and next week
$1 - $2 per share coming fast IMO
Possibly even higher
Oh hell yeah this is gonna be a good day!!!!
Something else to consider....
The new CEO of this shell recently picked up an 8.35% stake in MGHL
So obviously he knows this should be trading much higher
On November 4th 2005 that one was trading at $25.75 and less then a month later it went up to $2700. Today it’s trading at $17,380
That represents a return of 10,000% in less then a month
Total return since then is about 67,000%
Granted that one has only about 20,000 shares outstanding.... but with Gabelli in the drivers seat we are likely to see huge gains as well
This is an easy 10 bagger from here IMO
Possibly even more
Just look at some of Gabellis other shells they’ve gone up dramatically
This stock is a super fast way to double, triple or even quadruple your money... but you have to get in NOW
Come next week this stock will be trading at multi-dollars
Hedge funds have bought into this thing because they know what's coming....
... And hedge funds aren't stupid.... Follow the smart money
The management has many different presentations revealing major developents THIS WEEKEND
THIS IS YOUR LAST CHANCE TO GET SHARES UNDER $1... Get in now or forever hold your peace
Exactly right
Combined with the amount of shares shorted this will be an epic squeeze to dollars next week
Exactly
Hedge funds aren't stupid
5% is a huge stake to take especially for a penny stock
Follow the smart money
Dollars coming
Pump and dump SCAM so note holders can convert
You have been warned
If you want to buy a real growing company and make some serious cash over the long-haul then go buy @LPP
I agree the volume is extremely low
The only thing holding this back from going to $5 quickly IMO is more volume
I agree with your post
Slowly but surely the strong hands will gain control of the float
With us restricting supply (refusing to sell) the price has no place to go but up
There will always be some flippers at every level but the key is to suck them dry and buy any weakness
Dollars coming in 2020
It's definitely possible. I remember DCG* rallied 200%+ in a single day when it first broke a dollar
But if not this year then definitely in 2020
Yes I agree
The fundamentals are too strong
Like sorc said I've seen some big runners like OWC* and DCG* run on hype and no fundamentals
Both have low share structures like this one
This will be a sustained run though not a pump and dump because we actually have solid audited numbers to support the PPS
That's because retail brokers don't hold inventories of OTC stocks
It's pretty much impossible to short these things
All these rumors / talk about shorts are false