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Now, if we could just get some news about revenue streams, we could move.
Well, if we see bmas move and all of the people with bids at .0004 getting fills, this thing is gonna hit .0003 and possibly .0002. Don't know if it will recover much if we break to those levels from here. The psychological effect is very strong when a stock is tinkering on the brink like this one. I am just hoping for bmas to eventually move to .0005 on the bid today. That would be a great sign.
Hitemp, was that your buy order that just knocked an mm off the bid?
We do need help from the company right about now.
I think all of us here want to see this move sooner than later?
BMAS is a good boy. He is normally a diluter, but is supporting the bid. Glad to see it building again.
Me too. My biggest concern is always that a stock will lose momo for good. I can name a dozen stocks I was in that this happened, but people never wanted to believe that buying on the bid helped to create that permanent lull. Those stocks months and months out still haven't moved, but they are all filled with buyers who bragged about buying on the bid. Most of them are either stuck or sold for losses after months of waiting for the stock to move.
Nope, the mm's know that buyers are timid here...easy to take advantage of the scenario if they are short and need to cover.
Yes, it is. But, I will bet that if all those with order to buy at the bid changed it to the ask, you would see different setup and we would begin to see upticks instead of downticks.
The problem is that continual shorting (which is what mm's do when they have a lot of people trying to buy on the bid instead of the ask), creates weakness that is sometimes irreversible. When that happens, the mm's see that nobody is willing to support the ask, so it is a sign of weakness to them that lets them know they can short sell it to those bid buyers and then push the stock down further to cover. The problem with that is that it often generates selling momo instead of buying momo. After awhile, the psychological damage is done and investors stay clear of the stock instead of buying it at the so-called "cheap" or "bottom" prices. We don't have news and we have no momo. This is the time to support the ask and not sit on the bid.
Why would a company tell investors that they have huge revenue streams but not pr that information? Makes no sense.
Hope you are right, and I hope that this time we stay in an upwardly bound motion instead of a freefall selloff back to the bottom again.
But another 10 million did. Amazing. They must have read our posts. LOL
Makes you wonder WHO is doing the dumping.
I was just about to post that the only interesting thing is AUTO and BMAS on the bid this morning.
looz, those stock s that are running like that barely have the volume of a single modest order. We had 270mi in volume yesterday and didn't budge. That is not the problem here. The problems are the bidwhackers, bid sitters, and a company that doesn't seem serious about their business or keeping investors informed about what is going on. When those 3 things reverse, we will have our own multi-multi-bagger. Until then...
MM's are shorting this with every person that boasts about buying millions at the bid. That person should realize that when the mm's short to sell to them at the bid, they will have to crush the bid down further to cover. That is the last time I will say it. To heck with the rest. At this point, the stock is looking pretty dead.
Say it again, and say it loud! I'm just dumbfounded by the continual bid sitting and bid whacking...neither does anything except depress the stock price.
What happened to samplecave?
Yeahhhhh for the new mods!
No, wasn't a selloff. Probably just last bit of daytraders with sell orders at .0006 and then .0005 to clear their positions.
Hope it comes tomorrow, and hope its DYNOMITE! We need it.
I'm still wondering where the news is that was due on last week, then pushed to Monday, then Tuesday, and then midweek?
Well, I hope that momo takes us to .004-.005
If tomorrow doesn't see news, flippers will probably be the only action we will see here, which is not healthy for the stock. Don't want this to be used, abused, and then abandoned before the company puts out decent news.
I was just going over the same thing in my head. I believe the mid day run was flippers who bought at .0004 and .0005 and sold at .0006. That was a quick 50% on the money and they left just as quick. This company needs to update investors. They are doing a disservice to their own stock in being so elusive.
3:59 was too early to paint. Your timing has to be impeccable, because the mm's are almost always holding some last minute bidwhacking sells.
What did you expect when the volume dried up out of the blue 3 hours ago. This stock is very strange.
Can you say that again for the board, because nobody seems to understand this concept. You are sooooooooo right.
We need to see a pr about what the company is doing.
I agree with you that they should be loading here shortly.
I know, right? LOL
The mm's can short anything they want
I tried to explain that mm's short on the bid when retail buyers insist on buying on the bid. So, they are not going to cover unless the stock goes lower. Investors don't realize the damage they do to a stock when the they keep their orders on the bid. The simple thinking is that they are supporting the bid, but that is not the case in pinks. So, after they short sell to you on the bid, they have to drop it further to cover. Simple.
Level II shows that it's retail selling in play here, but can't understand why people are selling here.
can't go green when there is no volume and people are buying on the bid. You buy at the bid when there is heavy selling and sell at the ask when there is heavy buying. You don't buy at the bid when the volume is dismal as the mm's will simply accomodate by selling short to you, thereby driving the price down further or leaving it suppressed. You don't sell at the bid during a run (bidwhacking) either, as that totally kills upward momo.
Why are people buying at the bid? We will never go up that way. It actually encourages the mm's to short. It's important to support the bid by buying on the ask.