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gbtc on watch, starting to drop big - even though bitcoin churning near highs..
loving the $ volume churn, $321k in first hour...would be nice to get o/s update to see how we're doing..i have a message in to the t/a also...no response yet..
tick tock..
doesn't matter how they are reporting...i trade grey sheets, pink sheets, otc, listed...there are still patterns of these types that have huge dilution, then a reverse split, then more dilution, then a monster bounce..rinse and repeat..
patterns..
not sure, i don't think this one has a 90% one day drop in her..i may be totally off on this and she's ready to bounce, but based on the numbers, i've been hoping for several 10-30 million share days churning in the .03-.05 range...but who knows could be lower or higher..and then would anticipate a 300-700% bounce over a few days..
one x factor is this safety report...for better or worse..
yes, people looking for a long term relationship usually get their heart broken over and over on ones like this...but for just a quick dance from time to time they can be wonderful : )
i had a buddy, fellow trader, lose huge on gbsn..we were trying to find the bottom, it was after one of the many reverse splits..stock had dropped like .2 to .01, he loaded that day .01 and it dropped huge, closed the day at like .001/002...he lost like $60k or something..next day it bounced like 900%...if it were easy, we'd all be billionaires...
but this is the game we play in ha
yes it's hard....
in the penny stock world, if you buy before a r/s and hold, chances are 99% of the time you will lose 99% of your money..
it's all about timing...
even on listed stock, look at DRYS or a thousand others...if you hold you get wiped out..but if you time post r/s there are several 300-1,000% bounces...
even DCTH bounced .02 to .26 and .09 to .35 area if i remember right..that is huge huge gains..
i was in like 800k shares .0234 average and sold way too fast on the move to .26, but huge money to be made..
hopefully we get a rinse and repeat..
when you see the ask only maxm showing 10k and there's 400k in hits there, that's 99% going to the conversion shares...when you see the bid retail like csti or nite or etrf there with only 10k and yet still some 100k prints - more dilution..
i think the o/s is going to be much much higher...
jmho
i've been wrong b4 : )
i just think a higher % of daily shares are conversion shares..very little retail scalping that i can see..we'll see on the o/s count..
but i've got my catcher's mitt on in coming days : )
still hoping for 10-30 mil share volume days in the .03-.05 range to clean this up for a sweet bounce...
it all depends on the volume, and how much was converted on way down..the good news is like today - it's 95% maxm selling - very little retail selling..he's just sitting on offer selling refresh ask..so at least nearly all the volume is going towards the debt...need an up to date o/s count to give us a little more clear picture..
it's trading all day..L2 working, bids ask moving..everything working..
yes, many times they do that..look at the last 30 day chart..
they let it go from $2 to 3.5 area on air...
they get longs buying high, then sell into them as they average down...that's why i say who knows how they play this..they could let this bounce to .3 and sell back down 90% or could just do small intraday bounces like they have and then keep downticking till they find more volume willing to buy...
selfishly i hope it just goes red daily for several more days with higher volume building till the real capitulation and bounce..but usually it's not that easy : )
well that will all depend on maxm/other diluters...if they take a day off = big bounce..if not, they have more to sell ha...stay tuned
my target is .03-.05 on huge volume, but let's be honest - nobody knows...it will turn when dilution is done, and still thinking they have 20-30 mil shares left to dump..but will they dump it daily or let it bounce nicely along way..we'll see
but .015 would be spectacular..
it's wise to trade where you feel comfortable..g/l
i'm not an investor, i'm a stock trader for a living..love these plays
i'm hoping they let it bounce like they just did .09 to .11's here to bring in more volume and then sell it back down this will happen a few times till finally they have sold out the shares needed..
i'm looking for 10-20 mil share volume days for a few days to clean it up...
but ya, this is nothing on financing and r/s plays..newl, gbsn etc they have done this x 20 ha..
heck 1/2 the pot stocks have financing at huge huge discount way worse than here, and they drop and drop for months then bounce 200-500% over a week or so, rinse and repeat..
again i'm not a dd guy, i'm a professional trader, so i love this stuff..
hopefully in the long run this can work out for investors too..that's just not my world..
really? some of us have made a living off of exactly that..
take GBSN the most classic example, endless reverse splits, endless dilution..
if you had put in like $10 billion into GBSN a few years ago you'd have 1 share left at a dime value lol..
but in the meantime, like last year, the dilution was huge it dropped endlessly like dcthd - then finally in one 3 hour stretch had a 900% bounce intraday..
happens all the time, i could point out dozens of stocks that dilute and dilute and r/s much more than dcthd has and there are windows of massive massive bounces...
all about the timing..
the key is to play the window between financing rounds...when they let it bounce 200-800% : )
just a matter of timing..
stock price says they are unloading shares all the way down till they have their money...just a mathematical game...hoping for some 10-20mil share days to clean it up and then the big dead cat bounce..
wow gbtc btsc wore me out...lol did well and still 30k on table - i suck
great positioning and trading...nj
that's the key, it's all about timing, finding that window where the dilution is done or taking a break, and the 500% bounce begins...hoping for much higher volume days to clean up the remaining debt over next couple weeks then hopefully a monster bounce..still on sidelines waiting..
we like to make money the old fashioned way - we earrrrrnnn it
rather than guess a price, i'm just going to keep track of o/s growth and watch mm maxm etc and when it feels like they are close to selling out the note start nibbling..don't know if that's .14, 04 or .014...
that's a good word for it..
dcth just trying to compete w/ the newl and gbsn records ha..
hopefully like those we get a 500-1,000% bagger before it's all said and done..
ecig- like
it's just dilution..i mean it's horrific if you're in, but it's just a mathematical game...not criminal..just yucky
ya i'm thinking a bit higher like closer to 20 mil but we'll see....been watching since after r/s - will be ready to pounce when we get closer..
what do you estimate the o/s will need to be at to indicate note conversion and dilution about done? tia
DCTHD - getting closer ha..
hoping for .03-.05 and huge volume in the coming days..then pull an ECIG like bounce to .2 or something..
tia
i highly doubt that was your bid...your $300 account couldn't do that...
bought a couple SIG calls for december just since it's been such a tough bouncer today if i give up on it will have something at least..
hoping dip and rip tomorrow cause they are super heavy on selling it today...
lol, is it .05 yet? ha
i think it will have a sweet bounce but from where is the big ?
hoping way lower..maxm helping so far
been watching it also, hoping for like .05 bounce to .2 lol..
any clue on how much dilution is left? endless notes?
the problem is it's .000119 per share on sell orders..and they cap it at 5.95, but the real problem is it's not capped per order, it's capped per fill lol...
so if you sell 5 million shares of a .0002 stock and you are filled in say 10 lots from 100k to 1 mil that's 10 x 5.95 = $59.5 taf fees plus commission..sickening
the fee has been there for a long time, but they ate the fee...
now the question is can TD keep eating the fee...
ot: so far as i can see, these have been mandated charges for many years, some of my brokers have eaten them (etrade till now, td etc) and others have passed it along...
sadly selling 5 million shares of a stock that might take 10- 20 fills in the one order could cost you commissions plus 20 x 5.95 cap = $119..brutal
either your L2 is incorrect or your reading of it is..
no, at lod was down a few k, then took a few k gains and now 15k on table or whatever so far ha..
i suck..