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The booty is gonna shake like the money tree soon.
That was your 777th post - may the luck and blessings of the entire divine system be with your wishes!
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Amen to that! Soon . . . very soon.
I think Vitana-X is going to release some very impressive and unexpected revenue numbers very soon. Very soon.
George's Guide to Trading His Stocks:
Textbook Trading - How to Sell High Volume Stocks
Initially Posted: November 26, 2020 1:00 p.m. PST
I understand the desire to take profits. In fact, I advise profit-taking when big gains have been made in an investment; certainly at least enough to cover the cost of that investment. Profit-taking is also good for the stock. I always get nervous when a share price increases too much too fast, because I know that it only takes one trader to launch an avalanche of selling. Still, I like it when a drastic run up in the share price retraces to form a new base. I advocate “higher highs and higher lows” as a healthy chart characteristic for any stock—penny or otherwise. Of course, just like any other trader, I wish I could predict when or at what price these highs and lows will occur, because then I would be a gazillionaire. But I know that I am no crystal ball reader, so I just ride out the waves. Some will claim that you can use charts to predicts highs and lows, but just exactly how do you predict a high, which is something that has never been achieved before?
Many take profits in such a way, that they are not only leaving hundreds if not thousands of dollars on the table, but they end up realizing less cash than the seller originally intended to harvest. The result is panic selling, both by the profit-taker, and consequently, many of his fellow sellers.
Here is a more advantageous way to sell stock in high volume low price stocks, such as penny stocks.
DON’T HIT THE BID
While I rarely play penny stocks, never have I ever hit a bid when it was time to sell. It is just dumb and almost always needlessly expensive to the seller. So many make the mistake of bid-whacking when a share price is trending up. Why? If the trend is up, most of the time the buyers will come to the seller. There is no need to go to the buyers. When I decide it is time to take a little off the table, I begin to offer stock a few ticks above the current ask price. Not only do the buyers almost always come to me, but in this way, I do not cheat myself out of money.
Bid-Whackers Always Lose
First, never assume that you are the only person ready to sell. I always assume that at the time I hit the sell button, at least one other person is also putting in a sell order. So, what happens? Now there is significant size for sale. Two people hitting the bid at the same time, will almost always wipe out that bid. Now, the next bid at a lower price is up. Except maybe that bid, and a bunch of other bids get pulled because the market realizes that there are sellers and “let’s just see how low they’ll go”. Or others see the selling and decide they also better get out before the price tanks. Now we have got a rush to the exits and in the blink of an eye, the share price has degraded. This creates even greater anxiety, and the panic selling begins and before you know it, the stock price is down 10, 15, or 20%. Ah, but the original sellers are still are not out of their stock. It has been my observation that once someone decides to sell, they are determined to get out no matter what. So instead of taking that extra moment or two to let the buyer come to him, that person is now taking substantially less than he originally intended when he put his sell order in. And the selling does not stop until all the nervous Nellie’s cut bait.
Never Sell into a Sell-Off
I cannot tell you how many times I have heard or read that a trader regrets “selling too soon” which is almost always happens because he sold into the panic created by bid-whacking. THIS IS THE WORST TIME TO SELL! Even if the trend is lower, the share price usually retraces upward after a bid-whacking session. Patience will almost always reward the seller.
THE RIGHT WAY TO SELL
Be Decisive
When you decide to take some off the table, pick your spot and stick to it. Don’t worry about whether you are selling too soon or that the stock looks like it is going higher. FOMO (Fear Of Missing Out) works both ways. People worry about not being in on the party and then they worry about losing an opportunity to sell at the highs. It is impossible to pick out exact lows and exact highs, so set your targets and stick to them.
Stair Stepping and Smaller Lots
Once you have chosen the price point at which you are going to sell some stock, consider the number of shares, or more importantly the value of the shares you are intending to sell. If you show $100,000 worth of stock at a set price, what do you think is going to happen? It will take an incredible surge to get all that stock taken out, and more likely than not, buyers will sit back and wait for you to come down to them. Furthermore, others who are also ready to sell, will see the huge size being offered and try to beat you to the buyers, by offering stocks at a slightly lower price, encouraging the next guy to offer his at an even lower price and so on. Before you know it, the share price has taken a quick beating.
Once I pick my price point, I offer it in lots no great than $10,000 worth and I “stair step” it. For example, let’s say I want to sell $100,000 worth of stock at 5 cents. This translates to 2 million shares. First, I never EVER, show lot sizes great than $10,000. In the case of a 5 cent stock, this means 200,000 share lots. Then I put in my orders well in advance. I do not wait for the stock to hit 5 cents. I probably put in my advance sell orders when the stock is trading at 4 cents. I also straddle the 5 cent target price, like so:
Sell 200,000 shares @ $.046
Sell 200,000 shares @ $.047
Sell 200,000 shares @ $.048
Sell 200,000 shares @ $.049
Sell 200,000 shares @ $.05
Sell 200,000 shares @ $.051
Sell 200,000 shares @ $.052
Sell 200,000 shares @ $.053
Sell 200,000 shares @ $.054
Sell 200,000 shares @ $.055
If all these orders execute, then I’ve sold my $100,000 worth or 2 million shares at an average price of $.05 without bid-whacking or being subjected to bid whackers. Now it is possible that not all of the trades will execute at the high end, but almost always, I will sell my stock at a better average price than if I would had taken part in a bid-whacking party.
No Regrets
Once you have made your decision, live with it. Maybe you bought too high. Maybe you sold too soon. Thinking about “what could have been” or “what I should have done” will not accomplish anything except maybe for a stomachache. Did you buy it is an investment or to flip? If you bought the stock to flip, then I don't care. This piece is not about flipping, and flipping is a losing game for most traders, so if you intended to flip and you bought too high, then good on you. If you bought the stock as an investment and you could have bought at lower prices afterwards, then either buy some more and average down or preferrably, just forget about it and wait it out. I say "preferrably" because I believe in averaging up, not down. But that's up to you.
Same goes for selling too soon. You set your price, you sold at your price, so you should be thrilled. You met your goal. Enjoy it. Always remember, nobody in the history of this planet ever went broke by not being greedy.
DON’T BE PREDICTABLE
The worst mistake anybody can make is doing what everyone else expects most will do.
By way of example, let us look at what I would confidently call currently the most popular penny stock on the OTC (no names). Here is the chart of Wednesday’s trading:
Now most knew that those traders that are not truly investors, but are rather looking to make a quick buck, were going to head for the exits ahead of the Thanksgiving holiday 4 day-ish weekend. A lot of them left a lot of money on the table by trying to figure out where the exact high of the day would be. I, myself figured that it would be just above 5 cents, and I was correct, except for the fact that the resistance I expected at 5 cents was not really there. The share price blew by 5 cents, and I told those close to me that trouble was brewing. It was obvious. That’s because most traders are just that transparent.
You see, I figured that a lot of people had a 5 cent goal ahead of the long weekend. But where they blew it, was when they got greedy. Had those traders stuck to their 5 cent goal, they would have got their price, and the stock would have closed higher than it did. But what actually happened is that the some selling came out when the stock hit its high of the day, and everybody who really wanted 5 cents joined in on the selling all at once. The bids disappeared and then there was panic to take what they could get. And that’s how you get the close that was 21% below the high of the day set just 100 minutes earlier.
If it was me, I would have used the stair stepping method I described earlier and offered lots starting @ $.046 (shown in blue) probably when the share price was still in the 3s or low 4s. True, the share price may never have reached the price where I would have sold my last lots, but then the average price that I would have received would still be higher than the closing prices, and the total cashed in would have been higher, while maybe maintaining some of my position that I had intended to sell. Certainly, I would have ended up in a better place than those that ended up selling their stock below $.045. Who do you think did better? The traders that would have followed the stair-stepped blue marks, or those who sold into the high volume, circled in red?
IF YOU’RE WRONG, YOU’RE WRONG
Stick to Your Guns
There is not a plan in the world that will work out perfectly every time when it comes to trading stocks. But what is guaranteed is that you will get less money if you panic sell rather than stick to your plan.
Revaluate Rather Than Panic
If your plan did not work out, don’t panic. Firstly, you should never put money int the stock market that you must absolutely have to feed your children or pay rent. If you can’t afford to lose, then don’t.
Make a new plan and stick to it. If your plan is long term, don’t watch the trading. It will want to make you barf. Go earn a living, play golf, read to your kids, or take a nap. Then check your investments at the end of the day. Maybe your advance trades will have been executed. Maybe your portfolio will have gone up in value. Maybe not. But don’t ever panic, because more often than not, panic will cause you to make a wrong decision.
~ George
Thanks for posting that.
Well, at least we know now that Alois was telling the truth when he said the filings would be posted in a few days or few weeks. So, there's that. No real debt, no dilution, lots of revenue, so when's that .25 vacation coming????
Added another milly today, not gonna let an opportunity for retirement slip past - can't succeed if you don't try . . . !
Your statement is inaccurate and lacks credibility. What is the evidence that the CEO is a liar?
Breakout news coming any day now! The company is making $$$, we're just not sure how much, but we're thinking it must be boatloads! Boatloads of money, no dilution, no toxic financing, what's not to like here! $VITX
C'mon, boys and girls . . . run it back up. I need lunch money and beer money for Friday! I need some of that
George
Vibration
Sharp
Income
What's not to like?
Share structure is good
GS is at the helm
All the big dawgs are here and lapping up shares
GS has already posted that it's "almost done," which some interpret as "it's as good as done"
Stock still trading under .03 so cheap, cheap for potential
Imminent news of approval of custodianship and then . . . the BIG announcement!
HOLD and HODL! Maybe you can pay off those student loans!
What's your point - that something besides electronic communication was approved? If so, what?
So, what was approved?
NEF - Proof of Electronic Service 04/28/2021 Extra Text: Transaction 8418808 - Approved By: NOREVIEW :
My horse is in the GS Derby!
The CYA, just in case:
AGAIN! Custodianships are very risky business. There is no guarantee that my petition will be successful or I may hate what I will find underneath once I peel back the history. If you are going to trade these things, it's on YOU! #BeRational $WRIT $GVSI $RETC
— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) April 28, 2021
Picked up a few M for good luck.
And, for that, kind sir, I thank thee! Here's to the Roosevelt, the Washington, the Kennedy, and then paper Washington.
Nice to see you too, CJ! You seem to find all the good ones!
Thank you. I shall hold it as many of us are holding VIT*X. I shall sell it when I just can't take it any more. lol
My first Sharp play; here's to it being a good one!
Volume has increased slightly each of the last four days with today being on pace to be yet another increase.
Pastry, see my PMs to you.
I think the fact that we are not dropping significantly while we wait is important. As we have seen again this morning, there are still people willing to slap the ask (or at least the MMs are giving the appearance of ask-slapping to try to gen up some volume).
From OTC Markets, email this a.m.: I asked if VITX had submitted the necessary paperwork to get the STOP sign removed and upgraded to PC and, if not, how to get notified (if possible - maybe a new system?) as soon as they file.
Thanks for reaching out. This company has not posted financial disclosure since period end April 30, 2020. Please view the Information for Pink Companies section (https://www.otcmarkets.com/corporate-services/information-for-pink-companies) of our website to see which documents companies are required to post to remove the Stop sign. We do not have an email notification or alert system in place, however you can check the Company’s Disclosure tab to see what information they have provided.
Additionally, please note that even if a company posts all the required documents, any deficiencies in the information posted can cause a company to remain in the Limited or No Information tiers.
Regards,
Corporate Services
OTC Markets Group Inc.
300 Vesey Street (One North End Ave), 12th Floor
New York, NY 10282
T +1 (212) 896-4420 F +1(212) 652-5920
How to remove the “Stop Sign”
A company may provide disclosure through a selected U.S. regulatory agency (such as the SEC or a Banking regulator), a qualified foreign stock exchange, or through the Alternative Reporting Standard pursuant to the Pink Basic Disclosure Guidelines.
Complete the OTCIQ Order Form, select the OTC Disclosure & News Service on page 1.
Once the form is processed, OTC Markets will send the authorized user login credentials
Publish all required disclosure and financial reports through www.otciq.com.
Financial Statements: two most recent Annual reports and any subsequent Quarterly Report
Disclosure Statement: most recent Annual and any subsequent Quarterly Reports
Non-Audited Companies: file an Attorney Letter with Respect to Current Information
OTC Markets will process the company’s disclosure and assign a tier designation based on the information provided.
My "transcription" from 4/13 Zoom with Alois:
Around the 8 min mark: Alois says he had given all the information to the agency (OTCM?) that would create the paperwork to get them pink current on the OTC market at end of Februrary
At about the 9 min mark, Sommer confirms: "We are in this current situation becaue you are not allowed to tell what you already know, and what all of us know" (BIG smile)
At around 9:30, Alois says, "we planned that yesterday we get the filing, and when the filing is done it will take time, I don't know, I do it for the first time, so we will have it sure in the next few days or few weeks. When this filing is done, we have to correct numbers [or have the correct numbers?] on the OTC markets and then everybody, everybody, official shareholders will be happy"
Starting at 10:22, Alois says, "We have done all of the steps that we have to do . . . to complete the paperwork, and yesterday we had a call for 2 hours with the founders and we are planning the next steps . . ."
Wolfgang - the person in the US who is handling the filing update - is very meticulous and is trusted by Alois to get everything up-to-date.
TODAY? Let's do it! Git'er done!
At this point, it is the principle of the matter: I've held since December, a few more days/weeks won't kill me . . . But . . . I might make some pretty serious dough when she blows.
The jump from 435M shares in August to where we are now, in part accounted for by this:
April 30, 2020
Common shares issuable under:
Convertible notes 483,579,978 —
Warrants 102,040,816 —
Total 585,620,794
Source: last 10-Q filing, p. 11.
Is this the PR about convertible notes?
https://www.otcmarkets.com/stock/VITX/news/GH-Capital-Announces-Final-Redemption-of-Outstanding-Note?id=232190
Or this one?
https://www.otcmarkets.com/stock/VITX/news/GH-Capital-Satisfies-All-PowerUp-Convertible-Notes-and-Readies-Vitana-X-Launch-Led-by-Network-Marketing-Leader-Bernhard-?id=239367
It appears that he said end of February on the last Zoom he was on.
There is no doubt that:
1. There are millions of dollars waiting for the STOP sign to come down . . .
2. The company is growing, both in terms of salespersons and products.
3. The leadership is enthusiastic and trying to be open and honest about what they are doing.
4. The stock has held up very well during the OTC 'payback' downturn.
5. The products are cutting edge and strike at the heart of what many people are searching for - health and beauty.
6. The company has not been diluting shares, which suggests that they have enough revenue to feed the beast! (I have speculated that we may see a change in share structure to our advantage once all is revealed.)
7. We have a very solid board here.
8. It will be 'worth the wait'!
I will be on the call as well.
If you put a bid in for 250K shares at .0235, I'd bet good money none would get filled at .0235.
Good job, and good investment!
It's about time to get an after-market PR or notice of documents submitted and accepted. Yield > PC = $$$$$ HOLD and HODL!
We are closer now than when we first believed . . .
I am thinking more like they may have been repurchasing shares in the open market for some time (my conjecture).
Something amazing is about to happen here. Where will you be when the STOP sign comes down and the "I Love Pink" sign replaces it? Where will you be when the .02 becomes .04, then .06 and .08, only to soar quickly past .10 when the new share structure (my conjecture) is revealed? Where, I ask, will you be? Still lamenting the lack of timely filing? Still pointing out the little things they failed to do when "we" wanted them too? Still saying, "yeah, but . . ." or . . . will you have had the revelation that causes reconciliation and reaps recompense? In other words, WILL YOU BE MAKING BANK? Sit no longer among the doubters. Take the Kierkegaardian "Leap of Faith" and follow the evidence into the celestial world. Thus Spake Zarathustra.