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Not yet.. From 28th of June..
In this case, the problem is that CSTI is actually an automated trading robot that without a minimum treshold of volume will continue relentlessly to take this stock down until a predetermined PPS will be reached, orders are changed too fast to be a real human
CSTI not satisfied, without a serious buying pressure no way this will go up
CSTI starting to be short of shares.. maybe down spiral is over
since q stock cannot be diluted, the ask is fed by people selling losing money, thickening the wall.. today volume is fake, half is a simulation of CSTI selling to himself, but the effect is this drop
Now is ridicolous.. CSTI selling to himself at the same PPS and same number of shares within few seconds simulating volume. But the game IMO is near the end
This kind of software program is activated when volume is low.. looking at the chart of last months it seems not the first time it happens
Easy game for CSTI, seen many times
He buys shares on the bid from people who sell (many stops triggered) and resells on the ask being always the first MM
Automated trading of course.. too fast to change orders
CSTI selling to himself.. manipulation to drive it down and collect shares
Only volume could stop this bloodbath
got that 0.10 yeeeeeeee
idiot CSTI tries to stop it..
looking very good.. Maybe close 0.30+
patterns never fail, charts say it all.. hehehe Today is holding very well, next week will run
bid stacking, a uptrend is definitely at the beginning
0.003 is a possible target, we need another 100M-200M volume day.
If volume will be over 200M, we could break 0.006-0.007
Today manipulated close is a classic, to avoid that in many trader scanner MCET will show up as a possible "bullish flag", 1-2 tick higher would make the difference (many scanners trigger the signal at the first green candle)
a daytrader dumping for 200-300$ gain
funny trade 1000 shares, someone is playing tricks to take it down
many holding, very thin on the way up. Only a little push, and we'd be over 0.002 again
0.0016 wiped out.. interesting
These boards are full of people hoping that a stock will be back at the bottom to buy lower.. it's a nonsense, if MCET drops to 0.0011 there is no real advantage to buy, since you probably must hold this for months (0.0011 means the "momo" is over, no bounce in a short term), and instead if there's a run-up, you miss the train.
So, what's the point ? either case, your trading tactics are wrong, IMO of course
Unless you're short..
VNDM gone at last ! Time to go up..
without this idiot, we'd be already in the green. retail trader selling dumbly even at a loss only because it's friday.. some things never change
once removed the big block, nothing gonna stop this baby.. someone wanna be out
my order too is not going tru.. CSTI on bid/ask freezing the stock
my dd is that MCET is following the exact same pattern of last time it was pumped to the sixties, so why now it should be different ? Only dilution could kill this baby.. But i'm sure you won't rebuy a over diluted stock.. you never know where's the bottom
In the average pinksheet scam you should be right, but here it seems different.. yesterday volume was too high, everyone who front-loaded now should have sold, so who will dump ?
Gone !!
Slowly back down to 0.0003
good luck with your play, this ECOS should have bounced at 0.004 and they dumped
IMO there's better play out there, but whatever.. who knows..
i've not explained well.. mm are only the service, behind them there are people using them to sell.. usually pros who knows exactly when to dump at the right time, for example when the chart shows a possible bounce
imo it's better wait for weeks until there's no sign of dilution
if you bieleve in a company, few weeks make no difference in the long term
play the chart in pinksheet is dangerous, it's exactly what a diluting MM is using to cheat investors
you think there will be a bounce, MM will dump on you.. not a parameter
everytime is the bottom.. until you discover there's no bottom, it's not a NASDAQ stock, no meaning in the "triple bottom" signal
better wait for 3-4 weeks of no dilution.. that's a good signal
IMO it's incredible how nowadays people still fall for SCAM like this
have a look at Level 2 for a while and you will learn every possible trick about how a SCAM would run
and sometimes it happens during some magical days that monster ASK disappears and the pump takes place, but only few lucky sellers have a gain, 90% of buyers will hold the bag forever
Unfortunately when a CEO relies on toxic financing the death spiral for shareholders is triggered
relentless dumping of shares, decreasing interest of traders and possibly a RS kill the stock
even worse, lower the PPS, more the dilution
IMO the problem is always that volume needed to recover to higher PPS is increasing day after day, many are struggling only to break even
no way up..
there are neverending 2.5 million shares on ask..
MACD inversion.. About to explode..
FULL LOADED - GO GSPT
means only that MM are hiding the real ask size (usually very huge), usual practice in pinksheet market
as i said, outstanding shares doubled since september..
if it's not dilution, what is ?
to create interest in the stock, so he can dump at a higher PPS
from the last 10k
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8940453
it seems that in some way operative net loss is decreasing but still far from being profitable.. in the future maybe ECOS will break even but still a long way to go