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There are a LOT of shorted shares outstanding. Normal level of avaiable inventory is 10m shares, this morning there are only 850k. With the Ask at .0047 5 minutes before the opening bell....this could be a GREAT day for an epic short squeeze.
JMO
Good job everybody.
GREAT DAY for a short squeeze...
Someone has a huge short position and is trying to cover. There are normally 10m Shortable shares....today the balance is 1.4m. Push the price up, and they'll have to cover.
Dictated strictly by share price. Guidelines for OTC-QB specify a share price > .01. We dipped below that over the summer. I don't know the exact guidelines, but I would expect that there's a probation period to try to rectify share price, and failure to do so leads to a tier change to Pink. At some point MYDX was moved to Pink, based on the share price.
Big week!
So, you're agreeing that your comments are forward-looking and not based on historical results?
No, they don't have toxic financing. They HAD toxic financing a year ago. They've work past that in Feb-March.
Ask is THIN. If someone wants in this could bounce pretty easily.
Whoever has sell orders at .0056 and .0058....you're holding up progress. Break those up and it's thin past .0060.
A lot of green transactions today. 2:1 in favor of buys.
2.6m at .0046. Nothing after that until .0058.
No doubt about that. I totally agree. With no news, price will trade sideways, and eventually down. People can't dream up a reason out of the blue to buy, but there are plenty of legitimate personal / professional / financial reasons to sell this or any other stock.
Quote: and the selling continues on
I hear ya, but I don't think you're right.
Trading was strong late in the day, with PPS around the high-of-day. At the last second someone slipped in a 10,000 share sell at .0044 (i.e. they sold $44 worth of stock), and that took the PPS from .0047 to .0044. Perfectly legitimate, most likely....but not indicative of how the day went yesterday.
MMs will see that trade and adjust accordingly. Ask is .0046, so we aren't opening down.
That stinks. 2.5:1 in favor of buys today, and a perfectly timed $44 sell at the last minute took us down to -.0003 for the day.
MMs will account for that...we'll open higher tomorrow.
Wow! Alrighty then, welcome back!
I think closing above .005 would put MYDX on some radars.
Do you see that?
The walls are deceiving. Anyone with minimal resources can build the wall on this stock. MMs have something odd set up. They need to just let the market play out.
Watch the wall on the ASK side....
THE WALL IS GONE...IT'S GO TIME!!
1.5m sell order at .0046 is creating a false wall. Cancel the order and that wall will vanish.
Once that wall is gone, it's thin up past .0050.
Yes, he knows that.
I bought stock, and the price went up. Call it manipulation, magic, or just how the stock market works. Your choice.
Ask is thin up past .005. I made a few buys to get us up to here. Anybody else onboard?
Looks like someone has a sell order at .0046 and .0047. If they'll cancel those (or move them up) then those walls will disappear.
Looks like someone has a sell order at .0046 and .0047. If they'll cancel those (or move them up) then those walls will disappear.
Just sayin'. Do what you need to do, of course.
Looks like someone has a sell order at .0046 and .0047. If they'll cancel those (or move them up) then those walls will disappear.
Just sayin'. Do what you need to do, of course.
Agree! I don't have a crystal ball, but I don't think we'll see .003 today! MYDX is strongly positioned for a breakout. Any time now....
A big difference between now and March is that we have now had 2 successive Qs showing that convertible debt is virtually eliminated. The problem that existed in 2016 has been corrected. The challenges now are basic business challenges (selling and scaling), not OTC headaches like dilution.
Products to sell. Data to sell. It's a good time to take a look at what the company offers. Strong future imo.
Today is the first day of any volume to speak of in a month or so. As far as I can tell, no surprising news was released. So, on the first day of any volume, up 27%. When volume picks up, this thing is going to rocket.
Last October is ancient history. A lot to happen, and it's been rehashed and due diligenced over and over. That chapters in the past, the new chapters are being written right now. Go mydx!
For any new investors that are reviewing the board over the weekend, take a look back at the spring. On one PR, the stock skyrocketed. And it moved fast. If you were to invest in before the pr head, you would have had a hard time catching up.
I've been traveling all day, just took a look at the ticker. Plus 27%! Good day! Reminds me of March. Maybe we can string about six or seven of these together again. Does anyone know if the trigger was?
Andale Andale.
He's been stung too many times. Anything that he releases is immediately hijacked and mischaracterized.
Totally agree. No news = sideways. Good news = spike.
Such low volume today that the price movement doesn't really matter. At .0037, less than $4,000 has traded hands today on this stock.
A little bit of good news and this could jump very quickly.
I think we are stuck here until someone cancels that sell order at .0042.
that means that someone has a sell order at .0042 for 3m shares or so. There are times that when a sell order is placed for a higher price, the MMs bump up the Ask tier by the same amount. I just tested it by placing a 5m sell order at .0042. The Ask spiked to over 8m shares, and came back down to 3m when I cancelled the order.
If that order is cancelled the 3m wall will disappear.
Quote: 1.7 million dollars that flat out disappeared doesn't matter?