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Pump & Dump Perfection. Still Buying?
Back to less than two quarters. This will need "magic money" in a hurry.
The Dump Continues. Down 8% Currently
I was foolish to think that it was done so soon. Someone (or multiple parties) has been unloading since .80 all the way down to .60.
Currently Down Another 16%
The dump rolls on, albeit on relatively low volume, today.
I Sleep Just Fine
However unlike many, I like to ask questions that aren't softballs. It helps make me and other shareholders more knowledgeable - rather than focusing on easy-to-get information and cheerleading.
I Have Watched Small Companies For A Long Time
Pump and dumps and can kicking are the downfalls of most. Plenty of
time for execution here, however. Time will tell.
To Be Fair, WSTG
While I have a bullish bias, you have been saying "$5 in 3-6" months for a month now. So technically that would now be 2-5. Now you are saying the end of the year which is back over 6. This is the problem with these types of companies...proof is hard to come by and cans get kicked. I am long, but optimism should be contained until there's fact, in my opinion. People can buy as they please in the meantime, but to invest merely on something as hope is dangerous.
If You Are Trading This Out Of Hope For A Pump
Perhaps you should look elsewhere.
This Is The SEC Now
This is not a Velatel court case. The SEC would not be involved with this if they had nothing. There were numerous points in their filing and I find it hard to believe Ironridge would find a valid excuse for each. Velatel is also not the only company/victim, so the Ironridge ship isn't sinking in a shallow bay...they are out in the deep sea and SOL it appears.
I Do Not See Why 300 Days
The SEC filing has a fairly rapid timetable. If their main debt holder is gone, this is a huge development. Thus why .0002 was nearly wiped out with 160 million shares traded today. Today's buyers understood the implications. The time to "load" could very well be now, but that also depends on in VelaTel is executing. If they are executing, I believe we have seen the bottom and this could triple/quadruple etc in a very short time frame.
There Were Around 30 Million Shares at .0003
I am not sure why it would not have filled for you. The stock needs to hit .0004 before .001, which is quite ambitious. We will see if buyers clean up the "cheap mess" or not. If so, your target may be doable.
Ironridge's Ship Appears To Have Sunk
This is actually BIG NEWS that is in VELA's favor.
http://www.sec.gov/litigation/admin/2015/34-75272.pdf
If so, this could be, dare I say, incredibly bullish.
I Would Ask Their Feelings On Their Patents
Obviously they will paint a picture of roses, but LTE did raise a fair topic in this post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=114156163
Thank you and the best of luck to you.
VelaTel Global Was Murdered By Ironridge
Plus, many, many more.
SEC TO IRONRIDGE: CEASE & DESIST
FINALLY, THE SHIP IS SINKING
http://www.sec.gov/litigation/admin/2015/34-75272.pdf
I Am More Bullish Than Bearish
However, the stock will be stuck in a stalemate until the selling is done unloading through BKRT/BMAK/CSTI/CDEL or there is a significant news event. A close above $1.00 would open the door to $2.00 and possibly get ATHs in play - all depending upon the news/announcement(s).
Also, Plenty of Inventory at .80 & Below
If there is a surge from positive news flow, then if someone still wanted in then they could buy all they want at .80 or below. Tens of thousands of shares for sale I would imagine, since the likes of BKRT & CSTI are holding the line at .80. If something was coming, I would assume someone would want to soak up that inventory. I am not seeing it yet.
If That Is The Case...
...whatever shenanigans BKRT & friends are pulling will be blown to smithereens.
I have been going by price action and Level II which has been bearish of late, so time shall tell if this breaks out. If it gets past $1.00 and sticks, it will most likely be a mammoth move.
I Call It Like I See It
BKRT & friends stopped this stock in its tracks and dumped another 40k shares today. Not saying doom and gloom nor am I cheerleading. Right now, BKRT is a very bearish sign and I have been right about them.
BKRT, VERT, BMAK - The Dump Is On
Every time.
BKRT & BMAK Are Reasons To Be Slightly Nervous
These are market makers famous for being diluters/dumpers of shares. They have been longtime associated with the demise of the share price of small stocks like this one. The recent share price advance halted when they appeared on the ask.
However, if you are correct about the payment and more agreements, I would have to say that $5.00 could actually be conservative, IMHO. The payment is the big announcement I am waiting for, as that would be money in the door, and more importantly, validate the story and give confidence to investors.
BMAK Has Joined BKRT On the Ask
Known dumpers. Get ready for someone's supply to come to market, possibly before the close.
Again, who has all of these shares to sell... and why? One has to wonder...
Looks Like BKRT Back Dumping
If they ever run out, the stock could hit $1.00.
The fact that they never seem to run out of shares is not bullish, however. Who are they dumping for one must wonder?
I Don't Anticipate It Before Then Either
We could get more agreements in the meantime. A close above $1.00 is the next milestone. We will surely know the fate of this before November.
I Have Been Following This The Whole Time
From the recent run, to the top, to the dump, and now the rebound. Just calling it as I see it.
With the chain of news followed by the price action, it had all the markings of a P&D. It is still a possibility, but this second round of buying is encouraging. Closing above $1.00 is the next challenge.
Looking Good All Day
This could get jiggy near-term up to $1.00 (provided CSTI is done its selling). We will see.
Some Decent Volume Today (& Bids)
If the bids keep being replenished (while soaking up sell orders), there could be a nice move past .84 once it is done. Encouraging so far that bids keep appearing. Perhaps someone believes this is one of the last chances to buy in size below $1.00? Just speculating as the action feels healthier today.
I Agree With the Uplisting
IF they do what they say. If this is not a P&D, it's way up from here.
I do not know if they will have any $ in time for the next filing, however, as they have until November per the agreement. Looking for anything by next month is being quite optimistic, IMO.
And I apologize to those who PM me through this site. I can read them but I can not respond.
I will note that the final trade of the day at .81 did actually decrease the ask size. Also of note, it was Citadel and not CSTI on the ask.
Correct.
.84 is the next upside resistance/target if CSTI ever gets finished, followed by 1.00
Agreed. You, Me & WSTG Agree
If this is proven "real", this will trade in dollars. Until then, health skepticism is warranted due to the fact that this is a small play and Pump & Dumps occur with these types of names. Hopefully the company rules out this possibility in the near future.
Re: Major77771
I show .8151 as the current ask.
Also, the "1000" shares is oftentimes garbage, as market makers hide behind that amount. Most famous ones with this stock are BKRT, BMAK, & CSTI.
Case in point, earlier today CSTI showed 1000 on the ask but had 20k in reality.
CSTI 20k Share Block Now Less Than 10k
If this gets taken out this afternoon, we could go right back to test .84
Thank You For The Kind Words
However, I show (and the ticker does too) that the trade occurred closer to 3:30. Perhaps it was not posted in your account until just before 4pm.
My Level II Showed Differently
The .84 print happened well before 3:58. There were no trades for a while and then the ask eventually came down to 20k shares at .80 towards the end of the day. If my math is right, after insider ownership, there are only 6.5 million shares outstanding. So we now have two guys here on this board who claim to own about a million of those. Believe what you will.
Anyway, once BKRT got their selling program done, there were no real sellers until .84, so that is why one could drive a truck between the bid/ask. This would appear that selling is drying up, which is great for longs if this continues. With the low float, any major, *real* positive news would send this parabolic, IMO. Whether we see it or not remains TBD. I anticipate an open tomorrow in the .70s, with .84 being the next resistance, followed by 1.00
If this is indeed the start of a real uptrend, those who wish to buy in size will have limited opportunity.
Next Week Should Be Interesting
Once sellers dried up, there was quite the gap past .70, as predicted. If sellers are truly gone, 1.00 is the next resistance. Granted, the move today was extremely light volume (went from .70 to .84 on 100 shares, LOL), but breaking past the upside of the recent flag is bullish. There will be supply at .80 or so, as sellers started to fill up the ask (CSTI with 20k shares at .80). If buyers keep pushing the bid next week, the trend will continue toward 1.00. A close on good volume above $1 and the next leg would begin. If there is real money here and $25mm starts to flow in, this thing goes north to $4-$6. But one week at a time until we see that or get any other news. Good luck to all involved.
BKRT & BMAK Off Ask, But Still Selling
Funny how these manipulating MMs catch on. They have let off the ask but continue to dump in the .60s as they let the bid build. The question is, who are they selling for? It looks like the stock is trapped under .70 until they clear out their inventory. If .60 breaks, the bottom could fall out.
If this is insider selling, this is the most obvious Pump & Dump I have ever seen. In that case, prepare your letters to the SEC, because the full playbook is on display.
Or Other Agreements
There would still be doubts until money is actually received, but additional agreements (note the plural) would give investors confidence that this is not a pump and dump operation.
BKRT Disappeared
If they are really gone, the stock is a buy and it can begin to advance.
Will be interesting to see how it plays out.
Good: Possible Chart Flag. Very Bad: BKRT Selling
The good news is that ALLM is trying to build out a flag here on the chart. If it held above .60, it would actually look very bullish. Unfortunately, the bad news is that known diluter BKRT has a brick wall on the ask, stopping any rally at .70 or under. They are selling a lot of shares for someone, the question is who? Insiders?
If ALLM breaks .60, the flag will be gone and it will be back to pre-pump levels. That would be extremely bearish and dare I say, look a lot more like a pump and dump scam.
Any Dilution Concerns, WSTG?
Are you aware that certain market makers on Level 2 are known as big sellers/dilutors? BKRT is famous for it... but don't take my word for it, feel free to look it up. If the prospects were so strong, I don't think they'd be dumping at these prices. I like the potential here, but seeing this known dilutor show 1000 shares on the ask while dumping tens (perhaps hundreds) of thousands is concerning. There are supposedly a limited number of shares out there, so the source of this selling/shares has to raise questions.
Market Maker BKRT = Dumper
If anyone is familiar with market maker BKRT, they are a known dumper. Once they showed up on the ask, price momentum failed. They showed an ask of 1,000 shares, however there were/are many more shares behind it. They are most likely dumping either for the company or investors of the company. If you buy from them at the ask, you are most likely doing them a favor, IMHO.
If you are a long term investor, be patient and wait for the big dump. If these guys have a slew of shares left to dump, stops can be taken out and we could get a V-bounce out of the .30's. I'll probably have a bid in there somewhere. Just some friendly advice as I have seen this before. You may also go back to my recent commentary voicing caution after the pump.