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Could easily happen, POTG ran from similer levels to $1.30+. I think 20 is a given, 30 is very realistic, and even 50 could easily happen depending what developments come from the company in the next week or two. They are making lots of major progress and things are developing quickly. Next weeks going to be a run ride!
I find it funny that you try to "mock" people when you have done nothing but continue to post inccorect infomation about very basic trading rules.
Once again you are wrong, but it's ok, your making a nice habbit of that, please see my other post... But it all depends on what your talking about "settling", if you have a margin account and you cash out a stock, it takes 3 offical days to close, but most brokers will give you instant access to your funds to use. If you are a pattern day trader then it's usually 3 days, but depends greatly on what broker/prop trader you use. Again groups like BSI give you access to your funds the very next day...
Incorrect. It depends on the broker or prop trader you use. Most it's 3 days, others like the one I use it's only one day. You are correct, it's 3 business days. But with BSI, which is the one I use, you day trade a stock, you have access to the profits the very next trading day....
Very possible, they got alot of big things going on here and look to be alot of valuable stuff in the ground. I think .30 to .50 is very realistic, with a $1 plus being possible.
Chart looking really sexy! Should gap up and break out nicely on monday, the small resistance at .123 as noted is very thin and should be easy to break through. Next week is going to be fun!
You have done nothing but waste my time, when you have something better to do let us know. Until then we got this covered, thanks!
You completely missed the point again, it doesn't matter if it was a buy or a sell, no one is able to buy or sell a stock at a price 20% lower than the current price. It was a group of trades that went through eariler in the day that didn't have a chance to get recorded until AH. Simple as that. This is common, expected with stocks with high volumes and a high number of trades, and happens all the time. EOM
The end of day drop was nothing more than day traders cashing out for the week. This was fully expected today in this stock, and in most stocks. Typically they start exiting a stock with in the last 30 min of the day on friday. I was telling people all day long in the chat room that this would mostlikely be the case here as well.
Day traders cash out on fridays because they have to wait 1 to 3 days before they get access to the profits the made on a day trade. So it's typical for them to cash out on a friday, regardless of what the stock is doing, so they will have access to their profits for trading on monday-wed.
I am not "1/2" correct at all. Those were trades that took place at some other point durning the day, end of story. No one "sold" 4.5 million shares at a price of .095 at the end of the day. Those were trades that took place much eariler durning the day when the pps was actually at .095. Try responding when you actually get a clue to how the system works instead of copy and pasting things from web sites which you have no grasp or understanding of.
Correct. Form t trades are the offical form that has to be used to record any stock trade durning extended trading hours, aka pre market and after hours. On big board stocks, all trades after 4 are form t trades. On the OTC, there is no after hour trading, so if a MM is recording trades that went through eariler in the day, they have to use the same form t to record them AH. They have to do this as it's the only way for them to add the volume from these trades into the system.
It has no effect on the chart, the closing price, nore the open price the next day. This trade was only recorded after hours and it was again not a single trade but many that went through at that price eariler in the morning, the only thing from this trade that is added to the data on this stock is the volume. The actual close of the day is .111.
It's not a "sell" nore is it anything that has to do with an institution. Please learn what form ts are on penny stocks before throwing out wild cliams. Again, these are normal trades that took place durning the day, in this case, those trades were early in the morning when the stock was in the 9 cent range. And again, it wasn't a single trade, that was alot of different peoples trades at that price that were recorded at the eod in one single block. These trades already took place in the am, and were just not recorded, these were not "new" trades or anything like that. All the MMs did was record the volume from those trades before closing out the system EOD.
It's not a "dump", learn something about trading before making such ignorant comments. That is a form t trade. And it wasn't a single trade, it was a bunch of different trades that took place this morning when the stock was trading in the .09s. They weren't recorded when they happened by the MM so the MM as usual record them at the end of the day before they close out there systems. Theres no way to know if those shares were buys or sells, because they didn't happen at the close, they happened early this morning so we have no idea what the bid/ask was at the time they took place. They are completely irrelevant as they are normal trades that took place already.
Yea well check out the news history, it came out days ago...
That news is days old, nice try there buddy....
Charts are setting up perfectlly for a 11 to 1 or 2 afternoon run. Looks like a nice and steady rebound, with small pull backs to lower prices and higher highs till at least mid after noon, with a possible major break out or two in there as well.
That had nothing to do with "spam".. Go read the rules and stop wasting board space.
The guy who wrote the story has no clue what hes talking about. First of all Naked Short selling if perfectly legal for MM to do. 2nd, if they get too many FTDs then they are placed on restriction and can no longer short a stock until they buy back all the shares in the open market. 3rd, naked short selling makes up on average only 1/10th of 1 precent of the trading volume that passes through the DTCC. 4th, the SEC views all trades that pass through the DTCC that are FTDs and they check to see if anything illegal is going on.
This is one of the biggest myths out there, specially on the otcs. And it's all do to ignorance of not having a single clue about how the system actually works. There is a reason why you only hear OTC companies, and usually pink sheet stocks complaining about "naked short selling". Usually, they are running scams to start with, haven't made any money as a company, and have instead had major losses for years and years and when they fail or their stock pps falls way down, they blame it on "naked short selling". In reality very very very little naked shorting goes on at all, and of that, there is almost none that is done illegally. MMs have stricked rules they have to follow if they naked short a stock, and if they don't follow them, they get put on restriction which limits them greatly. So it's not like they can't just naked short a stock and use it to drive down the price with fake shares. MMs are very very limited in how they can naked short a stock and when they can do it.
The real problem was standard short selling, that is what caused many companies to go BK in 2008. The biggest problem was there was no limit to how many days in a row you could short a stock, or any other limits. So a mass of people could short a stock day after day and it would cause the pps to crash. This happened with BOA. The SEC already addressed these issues by limiting shorting only until a stock falls off a certin precent, then all shorting stops of that stock for the rest of that day, and the next day. They also put in the up tick rule which prevents shorting a stock once it falls a certain precent until it moves up again.
This has addressed the biggest single problem in shorting. Again, if anyone would actually check the facts, one would see very very very very little naked shorting ever takes place, and when it does it's all legal, and almost always with a very very small number of shares.
I think so!
PR just dropped about the Financials....
Your answer to your question is in your quote. It clearly states that they were "compensated by a third party". The company didn't pay for anything, some 3rd party "otcHotline" was who paid them for the alert.
I told you it was about to start making a big run today.... I wasn't implying I "alerted" it. I have flipped it many times over the past week as well...... So clam down there buddy
PGIE TOLD YOU GUYS!!!
Hope you banked with me!!!!! Told you it was going to run big!
PGIE Next leg up is starting now! Should test the HOD on this next run! Chart looks amazing! Nice set of stairs!
PGIE monster bid support!
PGIE .008s filling!!! Shes going to run hard, fast and clean!
PGIE Lift off!!!
PGIE 800 million doller order for 50 drilling rigs!!!!!
I love OPMG as well, will keep an eye out on CNOZ, your picks have been fantastic, and some of them like UYMG are just getting started IMO. I do believe this is going to be a very good week!
UYMG update
UYMG has taken some hits and fallen back recently but things still remain the same. Fantastic company with contracts with major pharmas. The Q2 financials which we have been waiting for have been pushed back, but will be coming out in the next week or two. This is what this stock is going to need for it's next major run IMO. We know they are fantastic, but we are also expecting them to update us on some other major contracts they have bid on. One is a contract worth 1.4 million by it self, and the chances are good that they have won this contract with a major Pharma company and will be announcing it very soon. Hold strong, I fully stand by this pick, it is going to be very undervalued and should really expload and break out in the next week or two as more major announcements are made by this company!
NWGC looked fantastic today, and with big financials or other news which has been rumored to be coming out next week, this could really break out and run big, specially with the recent trend of gold stocks, they are very very hot right now.
Everyone keep a close eye on this stock, news is expected soon, and it's expected to be big. This looks like the real deal here, with their increase in gold perduction, it appears they will be bringing in 60 million + this year alone. They have a very very low float and SS, so when this goes it could really expload fast. It was just at .30 a share not long ago and could easily go back there very quickly.
Thanks bro! Always nice to see a fellow south carolinian on here!
Get the word out, tomorrow will be the last chance for people to get in this stock cheap IMO!
Tomorrow is going to be a BIG day with this stock IMO. All of the MM that had a ton of shares are all out now, there is no resistance left, and even with some light resistance today on low volume we still blew past .02 with no problems what so ever! I think tomorrow will be a big finish with lots of MOMO for people getting in for next week, which will be the big week for this company. I am expecting a massive breakout next week!
UYMG Had another STRONG day today!
Shes ready to expload, other than one guy with 900k shares that was taken down to 500k by the end of the day, she was super thin on level 2 and is setting up for a big run. This was the first day since last week that we broke the .02 mark again. The timing of this rise is perfect, because we have confrimed that there will be 2 MAJOR PRs dropping by the end of next week. While we don't know what days they will hit, we are thinking Monday and Wed sound really nice! One of these PRs should be the much talked about q2 earnings report, that will also cover alot of other company events as well as their expected record earnings for the 2Q. Congrads to everyone who got in, and if you didn't tomorrow is still a good day to jump in. Next week I am expecting this to hit .04 to .05 easy, if not alot higher! Enjoy the ride and make some money!
VFIN out!!! No more shares, shes free to run!
There is none. You can send a letter to any MM and request them to sponser you (which is how you get listed on the OTC), and as long as you are legit and not being investigated by the SEC they will sponser you in most cases.
Yes the future is very very bright here, this is a great long term play. Their share structure is very attractive too which is something you dont often find with companies trading in this price range.