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Ask now at .34
I know some were talking about Bally and that is a good starting point but this technology has exponentially more upside than Bally's. Bally's is a great company but Magnatek will revolutionize a lot of current industries and spawn a whole lot of new ones. There is not an area of technology that Magnatek cannot change for the better. Nano technology will benefit and we just landed a new scientist with much experience in this field. Magnatek has the potential to be as big as the internal combustion engine. It is a disruptive technology that can change the landscape of the world because it has the ability to impact at least 20% of the worlds gdp.
Question is how many shares will NITE print between .30 and .35
Current L2 Ask:
.30 2500 NITE
.35 10000 CSTI
.3603 2500 CDEL
.51 1000 CANT
Nice thing about this stock is the way it is climbing : Slow, steady and relentless. It is based on very deliberate execution of the business plan which is slowly building underlying confidence. They are building this company for the long haul and we all get to see it unfold while enjoying the ride as more and more people begin jumping on the train.
All I could see was charts.
I just looked at that and thought the same thing. Fake wall!
MM's doing everything they can to keep this under .30
Actually looks like someone panicked and took profits to me. And instead of putting in a limit order put in a market order.
They are scheduled to deliver the first of their mills this quarter. This will begin the revenue stream. They have estimated that the mill business will bring approximately 3 million in revenue first year. This will also give them some needed cashflow to bring the magnatek process on-line. Don't go all in if you choose. I have a lot of friends and family that said the same thing at .04 and under and did not buy or sold what they had. Last fews months they have been texting me and calling me to tell me how right I was and bemoaning the fact they did not listen. The stock is up over 1300%! Most people in the markets would kill to get that kind of return. The management of this company has consistently done what they said they were going to do since last Fall. If they were saying things and not accomplishing them I might agree with you. Based on the managements track record they have earned my trust. I have made a nice amount of money already and will continue to buy as it climbs. I don't need anyone telling me not to go all in because those who have gone all in are winners and those that chose not to are losers right now. Looks like all in was a good strategy to me.
CTDT is up over 1300% over the year. I am actually amazed that it has not caught more attention just based on this. Good news is it is really just getting started. Very glad for all the people that have patiently hung on.
Billiam - I believe it means that that number is down from the last time that MM posted a new number. It NITE drops down .33 to .32 (as an example) I think it will post in red. I could be wrong. But watch and see if that is happens.
now 2500 @ .33
I have never been able to screen print the L2 but this what is on the ask:
.24 2500 NITE
.40 3300 CANT
.51 1000 CSTI
.95 13666 CDEL
Of specific interest is that CDEL has been one of the major players in the low .20's. Now they are sitting at .95
It will probably take a little time for this news to perculate. At some point the recognition of people who are familiar with this guys work will bring in additional buyers. His background is a perfect fit to CTDT. Not only can he help bring magnatek online but he has the background to expand the market in both nano technology and the use of the other materials that the process produces.
I think CDEL and NITE have been fighting to keep momentum down on this for weeks now. They are slowly losing and soon it will break out. I expect they are manipulating because they are the MM's that are holding some short positions.
They are supposed to be covered within 3 days. Of course legitimate borrowing of shares legally suffices for covering. The real danger is when they blindly short and really don't have access to the shares they are shorting. This is where a price spike puts them in a bad situation. There short positions (not covered) begin to get exposed and it puts pressure on the margin account. If losses add up to much they are forced to buy shares to cover the short position. Can't wait for that to happen.
I don't think the shorting has been excessive the last few months but I do think it is occurring. I agree with you Hotrod. Crazy to do this. With the tight float the share price has held steady without news. Any news and pps will pop and they will be squeezed. Of course that won't hurt us :)
I agree Hotrod. And I think once they start putting news out we are going to see it fairly steady for a while. This year I expect news on key hires, fulfillment of mill orders, Revenue!, AND the big one start up of diamond manufacturing. These are just some of the big news items. There could be others sprinkled in such as joint ventures, key partners, etc. It is going to be an exciting time to hold CTDT. Glad to see you back here.
Best of luck to you - hope everything in the family turns out OK.
I think the first news will be about new hires. An additional science guy and perhaps head management guy. Not positive but I think it will be the first news. Followed up by a lot more. :)
Thanks Pony for the follow-up.
Talked with Chas this evening. News should be out tomorrow or Thursday. Filings should be current in about 30 days and a lot more explosive news to come.
Hey - good to see you drop in Hotrod.
Waiting is tough lol - I know it takes time to get a lot of the things they are working on done but it is hard not knowing.
it is also important to know the low share structure. The stock can move quickly on low volume because of it. When the full implementation of the biz plan is announced this will move up very quickly. We expect announcements on funding, revenue and the introduction an operational Magnatek process this year. Some of that within this quarter and perhaps within a week or two.
NITE working hard to shake cheap shares loose today. Tried some theatrics yesterday with some success. Will see if they work today.
I am happy for all the longs that have patiently waited. It does look like the company is moving in the right direction. Of course there is a lot to do and things could still go south. But - if they follow through on their objectives this will be a dynamic stock, company and technology and we should all fair very well in our investment.
Yep - very thin and the stock is holding up nicely. We need news and the corresponding volume to move us to the next level I think.
Pony - you are going to be a multi-millionaire off this stock!
Really would like to see the gap between bid and ask tighter.
Nice day - the stock really has been resilient considering the low volume. Can't wait to get some substantive news and new buyers.
Certainly would not want or expect anyone to spend more money on a stock than they can personally justify. My point with VC is that IF you are looking to add to your position then buy in a favorable supportive manner rather than playing into the MM's hands if you can help it.
Yeah - I appreciate that VC - wish everyone here would support the stock pps so well.
I am waiting for some funds to clear and will add a little more. Keep doing that but I hit the ask whenever I do.
I agree Naval - good questions also.
I think most people here realize they are working a plan and will give it some time. I also believe a few have taken a little profit since it climbed. It would help if MM's were not working to keep it down. You can see the manipulation and late painting to push pps down. It is really going to take several days of consistent volume to break them I think.
I certainly won't dispute that.
Speaking of market maker shenanigans - 60,000 order magically pops up and gets filled at an average pps of .17 when you can't get a 1K order filled for under .20. VC nailed it.
Billiam to use your terms - There is less than $4000.00 in retail sales volume on the L2 up to $8.00 per share. That does make one smile :)
Again recognizing that it will fill up as it moves up.