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Nice volume right out of the gate. ATTBF is waking up again. Probably more resistance at 0.15, but if we can break through that, it's a probably returning to 0.20 (or close to it) quickly like it always does.
Watch for pressure on 0.028 - 0.029 again tomorrow. If it holds, I think that's a stronger signal that a new bottom is in. I'm not nearly convinced yet.
That was 90M+ on the ask at 0.0004 right? Even that's not so terrible as long as real news keeps coming out..
Yes, great day. Very relieved to see the ask back at 0.13+
Bid moving up. We're back in the higher 12's.
My hunch is that 2-3 day delay is due to penny stock club and promoter groups receiving news, taking a little time to spin it back out, and generate excitement. The timing of the volume surges indicates someone (or something) has been building the crowds behind the scenes. You could very well see the same pattern again.. but if someone is drawing large crowds together like that, unless you're on the inside, you never know for sure when the plays have become old and rally cries start falling on deaf ears.
Yeah and it doesn't help that flirting with the 0.02's has put VDRM below the 50 and 200 SMA and especially added some distance in the last couple hours. TA's are going to scowl and I can't blame them.
Problem is PR's haven't been all that effective lately. Couple that with the dead air following the conference, when many seemed to be under the impression it was going to be rocket fuel, and I think we're reaching a point where Dr. Otiko is going to have to up his ante to push this any higher. He's going to need to quash the doubt out there with facts and maybe a little charisma. As discussed last week, holding an investor conference call wouldn't be a bad start.
How is this going backwards? From 4's to 2's? That's a lot of volume that just flooded the 2's...
You and I reached the same conclusion. 0.105 was pretty tempting a few weeks ago, but the stock was still in freefall from its late financials fiasco. Didn't want to try to catch a falling knife. I bought more in the low 11's and will be perfectly happy with what I have if this stock returns to where I think it will. Good luck.
Helloooo volume explosion and a special appearance by the 0.0004's. Excellent.
Whew, brutal.. rebound off the $11.20's maybe? Have a hard time believing this is going to $10.
Need to see it hold 0.0028, or it could keep going sharply in the wrong direction. We did test lower 0.002's not too long ago...
So, the answer to your question of dividends typically decreasing with pps is yes, but that's correlation and not causation. PPS and dividends are both tied to earnings, that's the key. Declining earnings put pressure on the dividend and the PPS.
A mature company such as F paying a dividend rate of 15% ($0.15 per qtr at $4) would be gobbled up so quickly, you'd never have the chance to buy in. This is, of course, under the assumption that the dividends have a reasonable likelihood of longer-term sustainability. Usually if a company is paying a dividend between 5-10% annually, there's some higher-risk project in the works, such as new technology and emerging markets.
My larger divy stocks are Royal Dutch Shell and Las Vegas Sands for example, which were considered somewhat "riskier" plays when I got in. I bought into both of these over a year ago at prices well below $40. They're both hovering around mid-$50, and I've been collecting about 9% on RDS and 7.2% on LVS (based on my buy in price) ever since. As for Ford? I'm taking a loss with it in $11's based on price alone. But add up the dividends, including the 6% rate they paid last year (accounting for the special div), and I'm still in the green.
Hope that helps.
Nice. Even if it doesn't find a way to finally rise into the $13's soon, you still walk away with a 5%+ dividend at this price.
There we go. So, he does have the license after all. Since the links keep expiring, here's the returned information from the Breeze-State of California site:
Name: OTIKO, CHRISTOPHER A.
License Type: Doctor of Podiatric Medicine
License Status: License Renewed & Current
Specialty: Ankle Surgery Certification
Secondary Status: Citation Issued
Expiration Date: 11/30/2017
School Name: CA001 - CALIFORNIA SCHOOL OF PODIATRIC MEDICINE AT SAMUEL MERRITT UNIVERSITY
Date of Graduation: 01/01/1997
Original Issuance Date: 07/13/1998
These are not the kinds of things I was hoping to learn about Dr. Otiko. I understand he had a troubled past with his wife's accusations and apparently a curious affinity for the horror film genre as well. Fine, I can get past that. But the "Dr." should have a license and we should be able to verify it...
Agree. Clear short-term resistance around 0.04 and support at 0.36 today.
I'm contacting the CEO. I will let everyone know if he responds.
It held high 0.03's, that's not a bad achievement. But I'm still not buying the theory that Dr. Otiko's presentation tomorrow is the magical fairy dust that will instantly send VDRM flying...
Guess we'll see. Show starts at 9:30am est tomorrow. :)
Pffff. The 0.0002's return for 48 bucks and some change...
I could buy into VDRM at this exact point in time.. or go throw some money at the roulette wheel down the street. About the same, anything could happen. Only major difference is there are predetermined odds with the latter, and I know my exact probability of making money.
Might not seem like much, and perhaps it isn't, but this week is technically a step up and chart improvement. 0.0003's have never been stronger. Previously, ask size at 70-140M. Now it's sitting in the 30's.
CEO seems to be responsive, from what others have said. I might reach out to him later this afternoon and inquire about updates as well.
Mark Solomon
CEO
(954) 240-8611
Mark@marksolomonlaw.com
Short answer: Not much
I'm not an OTC trading wizard by any means, but I can tell you IMO, market volatility is considerably less impactful on any OTC stock compared to recent news and investor faith. At times, the marijuana related stocks seem to ride on a plane of their own. They ascend and descend together, some at different rates with varying sensitivities.
ATTBF has found a resting ground between 0.11-0.12 for now, yes, and maybe that's where it's going to stay until more Northern Vine news is released.
The only news that would have a crippling effect would be an impending reverse split. Then you'll see steaming ears and foot stomping. Otherwise, I can't imagine any news would hurt us at this point.
I can see how some traders/investors might take it upon themselves to review the VDRM chart analysis and write their own ending to the story, but I appreciate where the author left this off. It's anyone's game, really. Bulls could continue to push this higher, but no strong indication any particular way. Just guesses and wishes of good luck. We really could go anywhere from here.
And on that note, good luck everyone :)
Who exactly is this group you suspect out of Ohio? Just looking for more info...
I think you're right. I'm probably going to have to stick to my instincts on this one and wait out the slow drip. Looking more and more likely that I can pick up in the 0.0026-0.0027 range.
Great way to go out today. Another 10M, last half at 0.0003. That ask is really wearing thin.
Yeah it's just frustrating to watch how this stock trades throughout the day. 7 figure dumps, all at the low point. Then a few hundred thousand shares may push it back up for a while. Then another dump. Repeat. Repeat. Repeat.
Well done. I was waiting to sell at a higher $12 level, hoping it might even reach the tip of $13. Nope. Same old, same old. Been holding a position for about a year and a half now. Enjoyed the dividends, but told myself it was time to cash in on the $11-13 waves this stock seems intent on riding on for eternity.
Right. This sure looks like a classic flipper party chart to me. Without a power hour, 0.03's are most certainly in the cards before we close today. Again, the volume shows all the signs of somebody (or somebodies..) rallying penny investors together and many of those types want quick gains, sell out, and then scatter to the next plays.
Another 0.0003 buy. And they're gradually getting larger and larger :)
Nice sight to see. For the first time, shares on the ask at 0.0003 are pretty darn close to those on the bid at 0.0002.
Congrats to all who bought in and held the last couple weeks in the 0.02-0.03 range. Volume surges indicate that someone is rallying large groups of buyers all at once. That could be the work of Dr. Otiko, penny stock promoters, some mysterious third-party behind the curtains, or even all 3. Problem with that pattern is lots of profit takers within a day or 2. If you're long-term committed, it's all good. But this seems like it's heading back to the high-0.03's short-term.
Bid at 0.0002 is growing too.
Was it Mark Solomon that previously reached out to you? And if so did you reach him at the email he provided in the last announcement?
Mark Solomon
CEO
(954) 240-8611
Mark@marksolomonlaw.com
Some funds freed up for me today and I bought more in the mid-11's. ATTBF will go back up just like it always does. Even the long-timers that are mentally exhausted from this stock know it's most likely going to happen haha.
You haven't heard anything recently from our friends at ARNH in a while have you? It'd be nice to get a little news, even if it's essentially just a little hand waving in the air saying "Hey we're still alive..."