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I'm reloaded here and I've got all the shares I want so I'll be patiently waiting for the Phase I-II news to spike this to .05-.10. Until then, GLTA
I won't be attempting to bid fill, but I see a slight pullback intraday coming. I am aiming for .015 or so. I was in at .012 and sold out this morning on the impending pullback.
I agree, but this needs to pullback a bit to consolidate intraday before .02 push EOD. It's climbing very quickly and above the 5min bollinger band. It's overextended and imo, we will see consolidation soon. I'm waiting for an entry point a bit lower :)
Excellent advice as well max. I always keep a close look at my day trading "balance" and that occasionally affects how I play stocks. Better to lock in a small gain than be locked out during a free fall!
That huge ask is a shorter trying to scare people into selling at the bid. I guess it's working because this is moving down on small volume. This will rebound again before EOD
that's funny because VERT has been here twice and the stock has never breached .01. Yes, the stock has been pushed down but the rebounds have pushed this back up too. Just ride the wave and flip!
I flipped back in low to play the impending 60min MACD cross - a brief technical breakout that should send this stock higher again. and if I'm wrong, well I'm only playing my profits from earlier so I'm risking less. GLTU
All you have to do is watch VERT - they won't push this under a penny so once they initiate another selloff, you can load cheap and flip for 20% no problem. I'm scoping plays constantly so we will probably see each other soon!
Profit is profit but this is a truly easy stock to understand. I've been right twice this morning - that we would bounce quickly in the A.M and now that VERTs gone, we will move toward .02 again. You have to trade these without emotion and rely on your read. Congrats on a solid gain tho!
Then why did VERT relent at the opening bell and let this run to .02? If VERT didn't care, the MM would have dropped this to subpenny. VERT cares, so it will sell a bit and then drop off and let the stock swell again.
Once VERT gets off the ask, we will rebound to .02 again.
shady or not, just play the stock for what it is. Profit is profit - I've locked in a portion this morning too but I'm still riding a lot of shares to my target range. GLTU
I have a target of .03 but it could do anything tbh. If the shorts get into a massive squeeze, anything's possible. If they regain control of the stock pps, we could end even. I think the 1st option is more likely.
70% gain in the first hour is running too slow for you? LOL
I don't think .10 will necessarily hit, but this was trading .05-.06 before the P&D. I'm playing it strictly for a 200% bounce.
This bounce is not over - just mini-consolidation before the next run past .02
Regardless of any promos, etc, this stock is a fundamental bounce play that should see .02-.03 MINIMUM today :)
I'm hoping for a big day tomorrow...gltu
It didn't seem that way in your posting - you said "they" when referring to a bankruptcy. I also implied from that statement that you thought this stock was going to .001 tomorrow, which would only happen if the stock DID put out some sort of filing about a BK. Since I haven't seen any negative news and I have no reason to believe that the company will come out with that, it's only a matter of time before this bounces back higher. How high it will go is based on the bulls and momentum established on a turnaround. GLTU
There was already hope during this massive selloff simply because of the .05 level that it was sitting at before the P&D. This is a complete overreaction by the market and when the technical indicators turn back around, you're going to see some very rich people.
Do you see any bankruptcy filings? If there's no news, this is just a massive panic sell IMO. This was trading in a .05-.06 range before the pump occurred. Judging from the 90%+ drop, the pumpers cashed out on the way up, people took huge losses on the way down and then dropped out stop losses from those originally holding long on this play.
I'm in slightly higher than .01 but I'm satisfied with my position. I'll either lose small or win big. Either way, should be a fun day tomorrow!
I was actually watching FC*C from some scans and I was waiting for funds to clear, but I didn't get enough to make an impact. Therefore, I didn't buy before bell two days ago. I was really mad when I logged in and saw the gap up - a great opportunity lost! I think we will see that here + some more. GLTU
Well I'm just basing my target off the 3 month range it was trading in. My estimate is conservative, though. Anything can happen in pennyland (as evidenced by today's beatdown!)
5M bid just came through 9min after close - at .02! It was a MM t-trade, probably settling from some rocket drops this afternoon but I am feeling good about this tomorrow. Today was just a MASSIVE MASSIVE panic sell and I think there's lots of money to be made here tomorrow.
Common, regardless of the P&D, this was trading at an average of .05-.06 before the run up to .14. Then the almost 100% crash to .01...this has to be one of the easiest bounce plays I have ever seen. Do you not agree? I'm not playing the company or the DD on this one, just the technical pattern that we will rebound to at least .03-.04.
True, I was always extremely cautious when I was without L2 but what I'm seeing right now is a nice opening base form at .012(ish) and some selling occurring under the bids at .01. So I'm not sure what to make of it, but when the technicals turn around, this is a no-brainer bounce.
at this point, I think it's foolish to try and locate the bottom when a quick jump could be evident. That's why I've bought in a bit high from my .01 "bottom" level that I wanted but I saw the stock go from .0085 to .011 in literally 5 seconds. Any sustained buying pressure moves this 300-400% quickly IMO
This does look crazy but it's no different than a stock filing for BK or something. This stock is waaaaaaaaaay oversold tho and I expect that we will rebound to at least .03-.04
I think the bottom is in - I have been watching this fall for hours and it's jumped over .01 twice very strong. This was trading .05+ before the stop loss fishing party. You might see an equally strong move back to .05 tomorrow.
Technical breakout is about to occur. If you're not in, you should get in ASAP - JMO!
I rode a 37% loss all the way down, knowing this was going to rebound and then some. Love the profittttttttttt
I bought a little high into the shake but it was obvious the MMs were going to force out some stop losses. You don't just rise 60% and act like nothing happened. I expect a huge rebound tomorrow, which is why I didn't sell for a loss.
PS: The CSTI ask that was overbid by ASCM was mine - I was picking up shares right before they dropped it again. I went against my instinct to wait for bottom confirmation but I'm still happy that I'm in. You'll see the run tomorrow morning and we will drive through .016 once this finds a bottom. I expect .018-.02 before leveling out for a consolidation phase. The keys to watch will be the 5min/15min MACD crossovers (above signal and above zero). We will get two huge pushes from the technical traders coming in.
From a technical standpoint, we should (and will) continue to "consolidate" on this low volume until a catalyst pushes us north. This will either occur via news or a technical breakout. I'm looking specifically at the 60min chart to give me the trend and once the MACD line crosses above signal, we will see a spike in price and volume. We will also see volume pick up as we draw near the cross. Otherwise, having this stock trade on extremely low volume is good because it proves that no one notable is selling into the bid and crushing the PPS. This consolidation period gives people time to load cheap and RSI reset on the daily and 60min charts. I am loaded and ready to go, but I don't think we will see a move until Tuesday or Wednesday of next week (unless news comes before then).
I slapped the ask a little harder for 200k at EOD to try ans stave off the paint down lol
smitty, I took out all the 005s, the 52s and some of the 53s. I'm in for quite a bit here. This looks primed for a run to .01 in the near-term :)
you need to relax, this is a mid-term play. They have the equity and next comes the acquisition. People are currently selling at a loss from the previous run, but this will rebound north. Once they announce their acquisitions, we see the spike we're looking for. I've got time to wait
Hellcat, I can't respond to PMs so I'll just briefly touch on what I see that differentiates with your view in the short-term here:
I'm primarily concerned with the 60min chart here and the MACD indicators all point to a jump that could happen as early as tomorrow. Where the top will be, I'm not sure of that yet. With no news, this technical move will probably push towards .02 and then however strong the MOMO is will lead us to the next apex. Following that, I agree with your sentiments at the end of your message.
Sorry, I'm not a premium member. Thus, no PM ability. I try to help when I can because I was once the person that asked questions and worked at their craft to get better.
Well I would defend myself, but my response would be construed as "boasting" so I guess I'll just say this: if you think bashing those with substantial positions helps the overall positive momentum on this board, then go ahead and continue. I won't be as transparent in my trading again, nor will I be posting heavily on here anymore. I was just trying to illustrate a point and help out some young novices with things that I've learned over my years of trading. GLTA