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Thanks metalhead. I'm interested to see what the regsho list says today and also what kind of news we will have coming here shortly. No way did whoever it was buy that many shares with the intention of selling in the .004's or probably even the .005's.
My goodness I'd sure love some bid support though. That spread is vicious.
Wow, screw the rest of the week. Couldn't type it fast enough. :)
I said thin, but that was thhiiiiiiin.
As for the stock, it reset to pre conference call and pre-pr level.
Viking - MM's have most likely caught up and we should see a nice increase in pps from here.
I'm guessing this will trade thinly back up to yesterdays close over the rest of the week unless there is another outside influence such as a PR.
Enough with the hi's and buy's fellas. Let's keep it on topic here. There's going to be frustration when a stock goes down 30%, so it's unnecessary.
Nice buy buys off that .0038. Chart reset itself.
Here is your bounce spot. Right where looked like it would be on the chart. Notice how the bid support just lined up perfectly.
Metalhead, I think we're off on the wrong foot for no reason. My apologies if I offended you. We're both on the same team here. Honestly, I think this stock should trade over a penny soon. I'm not terribly concerned.
As for your assessment of me making assumptions. That's all anyone can do down here in penny land. You and me included. Who really knows what's going on.
My point really boiled down to that I just don't really foresee MM's walking a stock down 27% without some not-so-helpful assistance from retailers too. People freak and bail when they lost a quarter of their investment.
Truthfully, I bet lots of shares were shorted today as you insinuate. Maybe as many as 2 million is my guess. They short the shares to make the folks bail so they can cover. If that's what happened we're both right and the MM's accomplished their mission too.
I don't want to have some stone throwing contest on a message board is all. It's not the place for it.
- C
I bought on TA. Chart still looks sexy to me sir.
Those are dumps at this point. Someone didn't like losing 40% of their investment from yesterday.
Like I said. When this hits .004 it should bounce hopefully.
I only use the term bag holders in the sense that many people trading down here really could care less about what the company does and simply wanted to day or swing trade it.
I sure hope so.
I actually considered buying more here because I think these prices do provide great value, but I just don't want to get too many shares of a company that only trades 3 million a day.
Could take a while to get out down the road if that's the case unless we have another day like yesterday.
There were also a lot of investors who bought into the .0057 and .0070 range that are bag holders right now. They most likely don't feel like taking that loss.
But let's also not forget that PR is old news now. We moved on that news yesterday. Until the next PR comes along, which one can only speculate on ,we'll just decline from here most likely. It isn't going to go up for no reason whatsoever. I see this consolidating back to .004 before it pops again unfortunately.
Hope I'm wrong.
There's still a little buying to that needs to happen to get to that .006. We still have 1 x .005 and 1 x .0056 though I honestly think 500k shares takes them both out.
Solid pickup bax. I'll post the chart after I get off work.
And in this case it's actually worse. Cause if its not at the ask it's a sell. Not even just on the bid. lol
Exactly right Pastor.
If you couldn't tell the one thing that gets me hot on here is when folks start putting merit into that trades page. It's suuuuch a pile of bologna. Just the fact that it has a "?" category makes it a joke lol.
I don't really feel like analyzing 32 trades today but if I had to put a ballpark guess on it I'd say we're 60/40 or 70/30 trades below ask.
Well keep two things in mind though.
First off, don't rely on the "Trades" section here. Take the last trade for example at .0055. Was that really a fricken sell? It calls anything below the ask a "sell." The irony here is those 130k WERE bought on the ask, but since the L2 is wrong half the time unless you refresh it which was the case here it gets labeled a sell.
I use the Ihub junk but its garbage compared to alternatives, unfortunately it's priced right (cheaply). Hell that's why I use it.
TOO many damn folks rely on that stupid trades page when deciding how a stock is trading rather then looking back and analyzing what actually is happening. It's pure laziness.
2nd - For every "sell" there is a buyer. I know its difficult for lots of folks to get, (please know I'm definitely not pointing any fingers at you alittle). Half the time I sit on the bid so I get discounted shares as I buy into a run. Think if I buy here at .005 I can turn around and sell at .0056 right now and make over a 10% return within minutes. Am I selling at .005?? No I'm buying someone elses shares. As long as the support holds that's the case... People are bid sitting accumulating shares for the next run.
Puma got taken out with that 130k buy. Once auto is gone at .0056 we'll be staring green in the face.
Well said Pastor.
We'll see what comes about after lunch I suppose. For the next two hours we'll probably trade 200k shares or less is my guess. Kinda sad... That's only a grand worth. If I didn't load up as much as I did the last few days I'd attempt start the darn run myself.
Yeah NITE has needed a reality check since yesterday. Love his ask, hate his buy. Unfortunately he has been able to pick up more then a few shares in the .005-.006 range since noon yesterday.
Overall I think that ask is more of an indication of where this heads then the bid.
I probably seem negative which I'll apologize for. I do like how it's held .005 for the most part.
On a positive note, I think the MM's lack shares to an extent still and about 4 million shares worth of rapid buys on the ask and we're back to the .007's in a heartbeat.
I am fairly certain those 5k sells on the bid are a way for the MM's to walk this down.
Clearly yesterday was an anomaly since the 20(ma) is about 2.9 mill., but by this time yesterday we had traded nearly 20 million shares.
That caught they eyes to drive the 30% increase. We're still in the public spotlight but until we see some consistent buying we will just be on peoples watch list rather then their trade list.
Yup. That news would have to come soon though and not be entirely fluff. That's pretty darn speculative in penny land.
I really think that of the 1 million traded today it has been mostly MM's trading. Maybe half has been retail, which is a big changeup from yesterday. The masses seem to have moved on to more active pastures at the moment while the longs continue to hold here.
Sure would be nice to take out a few of these MM's this morning to create some momo and add fresh blood to the gene pool.
The longer this stalls out and sits in the .005 area the pps is very likely going to start to dropping as people lose interest, dump to bid, and move elsewhere.
I think if we can push it into the .006's with some hard & fast volume it will catch enough eyes to get the train rolling for another big / huge volume day.
Remember 99.99% of pennies trade on momentum, through a combo of any or all of news, TA, or powerful volume rather then on how great the company is or how much promise they show.
Once it gets moving it will be. Just need some eyes on it. I think this could run over a penny with the right kind of volume.
ZLUS is a steal right here.
Hard to after today. :)
What does the winner get? :)
I'm kind of glad it didn't go over a penny today. I think it consolidated nicely, found some good support in the .005's despite NITEs best intentions of finding more shares in the .004's and the chart is set up perfectly for a very substantial multi-day run if the volume continues.
.01 and beyond is not out of the question by weeks end.
My guess is roughly 40% of the volume or about 10.5 million shares.
I think they stopped this thing dead in its tracks when it hit .007 because it was about to get out real of control. Once they settled her down they were able to walk her down to cover some.
Who knows though. Tomorrow should be interesting.
Nice green day Pickers!
NITE needs to get real. lol
A little pre-close momentum would go a long ways here I think.
Been a little while since that last trade. I think there are probably more then just a few folks waiting on the sideline to see which direction goes.
Who wants to get the ball rolling. Smack that ask a few times to get some attention on it.