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Indeed, looks pegged to resolve and bust out of this trading range soon. If it takes out .035 now I think it's going to blow, especially considering the volume is going to be one of the higher bars in a while (since the last rally).
Momentum is starting to heat up a bit again, could be setting up for the next leg of it's rally.
It's basically a shell stock with a surprisingly clean share structure and no history of R/S. As good of a high risk/ high reward lotto as they come, imo. The supply seems to be lessening greatly and it's not taking much demand to push the action up. You said the stock would close the week at .0003 but it stayed put at .0006. Like I said, there is minimal selling at these ranges, ETMM is the only MM with many shares available in the triple zeros.
You can see that there were a couple of large spikes in volume recently, and considering the context I take them to imply accumulation. They occurred after a long drawn out decline on low volume, then the selling climaxed (capitulation) in the low/mid triple zeros, which is why now you see the stock floating higher on low volume. Resistance seems to be in the .0008 - .001 range, so if you start to see volume creep in and test that ceiling, it's time to start to watch it closely.
Chart can tip off as to where potential resistance may lie at, but it's not everything. We can see there is a decent sized seller at .001, so that's teh key line I'm watching. Break through that and I think it's time for action.
Lol, golly gee whiz, thanks for the advice. lmfao
Thanks dannie.
Not sure either way.
I don't think so, no.
Float is less than 100 million? Are you sure? That's incredible if it's true.
A slight trickle of interest at the ask today. It's only a few million shares and a couple thousand bucks, but it's enough to almost completely get through the 0006s. Like I said, there aren't many shares down at this range, I am pretty sure of that. Been following this stock since early 2009, from the crazy rallies it had to the long low volume descent to triple zeros. Think we're due for another big rally. jmo
.194s are up and a huge gap overhead, good volume today. Could pop on a break of .20.
I think this stock will have it's day, it certainly is due for one. Good luck to you, sir.
It doesn't matter. If the stock can't muster up $5k worth of buying to break it, then it's not ready to run.
Sorry, I mean 5 million shares, but I had the dollar amount right ($5k). There are 5 million for sale at .001, Im looking at it right now.
Yeah, I am quite certain there aren't many shares to be had under that .001 ask. Even that 10mil at .001 is only $5k, like i said it wouldn't take all too much to get this revved. Just needs some interest.
Agreed, now if we could add that to some sort of good news or sign of life from the company, then we'll be in business.
It certainly could, but the key will be whenever a significant volume increase comes in, and right now there is no sign of that. It may be any day now or it may be years down the line, but as long as the share structure stays the same and it doesn't RS, then these levels are likely going to be nice trades. Crossing my fingers that the company finally comes out with something that gets people interested in this again.
Still not a lot of volume, but you can see that there aren't many shares available down here anymore. If and when the volume comes in, this has a great chance to pop.
Great chart, needs to break .33 resistance and it could fly.
http://seekingalpha.com/instablog/1064236-scott-ende/296271-rvue-inc-consolidating-digital-signage
Here we go, great chart and momentum starting to kick in. +23% atm.
Ha, I appreciate your enthusiasm. I agree and think this could be a nice play from these levels, but only time will tell when and if any interest ever shows up. Will the company ever release another PR? The current conditions are clearly very oversold and that gives the trading a nice bullish bias, but it still needs buyers to make anything of it. Right now there is nothing. I think it's a sign that there isn't and hasn't been much if any dilution, so that's always a positive.
I look at it like this: The share structure and oversold chart make for a nice lottery pick here. There's lots of upside and some reasons to believe that one day this could come back to life. No guarantees obviously, but it's fun to imagine how easily this would likely move up if indeed we started to see buying interest build.
Putting this back on watch, a little more volume and this could start to fly.
This is setting up to pop, possibly as early as tomorrow. Anyone else watching this still?
These Q stock rallies often get explosive in a hurry since there are often lots of shorts covering. Even if the end up shorting it at higher levels, it still makes for a fun and sharp rally in the mean time. I don't see why .20s are out of the question at all.
Looks ready to blow, these Q stocks can move in a hurry.
Yeah, someone put up the 100k ask... and buyers sucked it up right away! While the 100k bid didn't get touched by any sellers. Quite the significant difference.
What would they be investigated for? There's never been any volume/selling or news that would make them pump and dumps. The share structure hasn't been abused, no history of R/S, I think this would just be classified as a clean shell, in fact the market cap at this price is just $250k.
Bullish day today. Good volume pop, bullish candle, and close above the 50 MA. Think this could be setting up to run very soon.
Watching for volume and a move past .18. No one else is watching/playing this?
Chart is starting to look pretty good. Resistance was/is at .165, but today buyers broke through, leaving .17 on the ask at the bell. If buyers continue to step in at .17+, then I think this starts to see momentum.
Thought the name sounded familiar. How goes it sir?
Ha, not a big fan of watching paint dry... but watching water boil? Oh boy that's a good time!!
Hopefully things pick up here, I think before the end of the week we'll be sniffing the mid teens at minimum, but that's just my guess.
That's not atypical when a stock is getting ready to breakout, just wait for the volume to pick up and this will start to move in a wider range and get more interesting.
I wonder who picked up all those shares there in late Dec. Looks like about 30 million+ were accumulated around .0002-.0003.
57k being offered at 054 and 100k at 055.
Ha, I'm very relaxed, but thank you. So the float is more than before but still incredibly low for a triple zero or even low double zero. Hoping this sees some interest soon, thanks for answering my questions.
Have you called the TA? Can you confirm what the current float is? As far as I know the A/S is 500 million and the O/S is virtually maxed out, so if that's the case then like you said they can't dilute right now if they wanted to. I seem to remember the float being 135 million or so last I checked. If that's the case and these numbers are accurate or close to it, then i don't think there's a chance this stays in the triple zeros. Can you confirm any of those numbers?
I played this in 2009 and was a lot of fun, though I did get burned trying to play the bounce, took a big hit on that one. As for it hitting 0089 again, I guess crazier things have happened. The fact that the share structure hasn't changed since then makes the odds of something like that happening again a bit more likely. Good luck.
If you don't mind my asking, are you in from higher levels or did you scoop up these triple zeros?