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Listen, I'm in that chat room on a daily basis, and I can tell you that it wasn't his pump. The initial move that it made on August the 16th was noticed the next day by one of the members. Another member that runs a website with a watchlist said that if APDN was to break .09 that it would be a good entry point to make a trade. Turns out he was right. After APDN consolidated and the .14-.15 range was established as a resistance, an alert went out when someone took out that ridiculous ask of 1M at .15 in one hit. That is what ignited the rally. It was not a pump. It was merely alerting traders to what could be, and was, a good trade. I found out about APDN by being in his chat. Glad I was!
LOL!
Weeeeeeeeeeeeee!
you must all be severely deranged if you think this goes over a dollar within the next year or so
While I agree with you that with the 600 million + shares outstanding that the market cap could be slightly over-inflated right now, I must disagree with you on the derangement issue. People, traders and investors, can and frequently do chase a stock up to levels that it shouldn't necessarily be trading at because of exciting news, hype, etc. I don't think that it will be consistently trading at $1 next year, but by no means is it out of the realm of possibility that the stock price could hit $1.00 within the next year. I could name many, many tickers that hit over $1 and then retraced back to where they should be trading at (and I'm not talking about an APS or SMA promo either, lol). Heck, APDN went from .04 all the way to .29ish within a few weeks, a gain of over 700%! What's so deranged to think that another 500% gain from current levels is impossible, even if it is just a short-term spike? I think that it is highly possible, and I don't consider myself to be deranged. This is the OTC market, after all!
This is a good story happening with APDN. Not too many penny stock companies exist with even half as much going on as APDN does, imho. With the current state of promotions being dubious, at best, traders are turning to pennies with real revenues and good stories. APDN fits that bill. I think if APDN does hit $1.00, it won't be until their 10-K come out next year though. Then we will have a better idea of how much some of these contracts are actually worth. Until then, speculation will continue to drive the price.
I want to also say that this is one of the most well-behaved board on iHub, as far as pumping goes. Sure, you have some longs that post positive information about APDN here, and every once in a while when the price spikes like it did last week, you'll have a few new posters on here pumping it up so they can sell their shares at a higher price. I'd say that the overall IQ level on this board is much higher than most of the boards on iHub, LOL. I don't see many "To da MOON!" posts over here. Lots of good facts and intelligent discussions. Glad to be a part of it and contribute where I can! I started off just trading APDN, and I still do, but it is the only penny stock that I own right now that I'm not planning on selling this week, LOL.
All that means is if you aren't bidding 2500 shares or more for a security that is priced from .20 - .5099, then your bid will not show on the level 2 unless there is another bidder routing through the same MM and both of your bids together are =/> 2500 shares. You can still bid as few or as many shares as you want to. I don't think that it will hurt APDN, but I'm sure that it will affect more thinly-traded securities.
Oh yeah. I've made more money with this stock than almost any other stock this year so far. Added more at .18 Friday. I like that the huge ask at .182 got chipped away at and taken out late in the day. Bullish sign, imho. I've actually only lost money once with this stock, buying at .14 and selling .135, LOL. The last time I bought in at .206, held while watching it drift down to .142, added more at .19, then sold .2489. Bought some back again and will add if it goes lower. I don't like to be caught without APDN in my portfolio! Too great of a story, and the upside seems enormous here.
Nice volume here today. I'm kicking myself for not picking up some .001s the other day when I was staring at them, LOL. I did take a position today, however, towards the end of the day. I like the company.
Well, I for one was able to quietly accumulate some shares this morning under .19, and feel pretty good about it, LOL!
Couldn't help but notice a 200K share block go through today close to .40. I wonder who is buying??? I'll be watching for any form 4s filed in the next few days.
Just thought I'd check in and say hello to you APDN longs! Sure is a wild ride with this stock, LOL...I must admit, I've sold some rips and then re-bought the dips here recently. Now that we've come back down to support, the big break, imho, will be the break of .25. We definitely need some meaty contract and/or financial news to get real volume back into this stock.
Hang in there, and enjoy the wild ride! Always make sure to protect profits.
Yep, you were right! I should have taken those .28s when I could have. Keeping this one on watch.
Well, you're going to find shorts lurking in any stock with high volume and a big move upwards. Check out the short volume data here for the past couple of months and notice how much short interest has gone up:
http://www.otcmarkets.com/stock/APDN/short-sales
I agree, kind of silly to short APDN during a breakout, but I don't think that whoever was shorting at .19 counted on the entire block of 460K being taken out at once, LOL. He was probably hoping that little nibbles would be taken at .19 and he could cover a couple of cents cheaper. He lost his little gamble and had to cover at .215. Sucks for him, but the guy that went long 460K made about 10 grand. Nice day for him!
BTW, I mentioned last week that the break of .19 was a key level.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80499792
That's part of the reason for this run. I anticipate that we reach .25 or higher by Monday, and are hopefully done with looking at the teens!
They aren't paid pumpers...Aim High just alerts stocks with momo and keeps track of lots of OTC stocks. We 're good here, imho.
.19 was the price at which UBSS went short. Looks like he just covered most of it at .215 just now. Whoever bought that block just made about 10 grand.
I'm almost POSITIVE that MM UBSS is short on APDN over 460K shares! He had a huge 460K block taken out at .19 yesterday, and now he's sitting on the bid at .215 with an identical block. He's also back on the offer at .22, probably trying to average into his short.
Watch APDN for a short squeeze today!!!
Market maker UBSS is short!!! That was his block of 460K + shares taken out yesterday, and now he's sitting on the bid with 460K + at .215 trying to cover his short! We could see a nice little short squeeze this afternoon if he has to hit the offer.
Weeeeeeeeeeeeeeeee!
So...PGLC is as I once thought it was, then changed my mind and thought it might not be, but now have confirmation that it indeed is, an elaborate pump and dump. One question: Why didn't that dump of over 3M CRGC shares show up in the volume on that day?
It sure has been an elaborate P&D, and the insider buys add a nice touch. Fascinating. With the new John Bell pick coming in days, that would help explain the volume increase here the past few weeks (and in TFE_ as well).
I'm pretty sure it's just a technical play. The break of .19 was key, and the huge 460K block taken out at .19 was a pretty bullish sign. What do they say...follow the big blocks? Pretty sure that whoever bought that was someone who was pretty confident about his/her investment. I was watching when it happened and added more at .19.
I also think that APDN was a bit oversold and we know it has been shorted to some degree. Being range-bound between .18ish and .19ish the past few days had to give one way or another, and looks like the bulls have taken over control once again!
Oh, and shorts like to cover on Fridays! Tomorrow could be a nice day. I think we kiss the teens goodbye for good this week.
I can't remember the MM, but I think it was UBSS that had a huge block, around 460K shares on the offer at .19, that got taken out in one buy that ignited the rally. Reminds me of the huge 1M block that got taken out in one buy at .15 that ignited a rally to .29+. Hopefully we will return to highs next week and test that .30 resistance. I think we need some news, and/or financials in order to do that though.
Anyway, nice to see the breakout today!
Yeah...kicking myself for not picking up some .025s the other day! Nice bounce. Volume is so low though you really can't go in with any size. Keeping it on watch.
No, I don't believe in scare tactics. I guess I was just saying that BK stocks are riskier than most other stocks. Pretty easy to lose 50% overnight sometimes on some of these "Q" plays. Guess all penny stocks are pretty darn risky for that matter, it's just that the "Q" adds a little extra risk, imho.
No offense taken! I'd like to see PCXCQ return to the .20s and higher this week. Good luck!
This one is a fun one to trade when it has volume to the upside! I sold waaaaaaay to early once again though, LOL. Kind of scary holding a BK stock for more than a day though.
Try using Google. It's a wonderful tool.
I'm sure it will get a little push tomorrow, especially considering a couple of newsletters have come out on it now to pump it, including Small Cap Fortunes.
This turd is so heavily front-loaded all the way down from the .20s to the .50s, I wouldn't touch it, especially considering George Sharp is involved here now.
Already got rid of mine at .0055. I'll take 10%.
Yeah, I think a break of .19 with good volume will send APDN back into the .20s and hopefully a test of .30 soon.
But right now, there is no volume. We need some meaty news to get things moving again!
Hmmm...could this be a double bottom? I know I said I wouldn't play this pos anymore, but it did have a great 100% + bounce last week, so I bought a few at .0251. Let's see what happens. This big seller might not have any mercy, but something tells me that he won't take it lower than that. Plus...I seriously don't think that the pump and dump is over yet. This could bounce back to .10 before it goes down to .01 and lower. We shall see. One thing's for sure...this will be my last buy of this piece of shit.
You might want to check the date on those articles, lol.
Who gives a crap? 99% of pennies are scams anyways. Just play the momo and make some money and quit being so bitter spending all of your time bashing a stock. On second thought, keep bashing. CBIS is going up.
Whoever has the ridiculous amount of shares on the offer at .049, why don't you please split them up into smaller pieces to sell them. You're discouraging buying and killing momo. Thanks!
Sitting and waiting for this to break .05.
I thought we were halted this morning, LMAO! Wow...seeing zero volume through the first 15 minutes was kind of worrisome. It was an ugly spread though, I wouldn't have bought either, LOL. Funny though, you usually have your kool-aid drinkers that buy right at the open whatever the price is.
So, looks like we broke out of a downtrend today, even though this might not be able to be counted on due to the low volume.
You can see APDN pierced through the trendline several times but never closed above it until today. Need to break resistance at .19 with good volume to start an uptrend. Volume is needed!
Yeah, kind of expected that given the price action the past couple of weeks. All it would take is a real meaty PR concerning a key contract or some projected revenue figures, and then you would see a massive short squeeze.
Nice day today, and closing over the SMA (200) of .40 very bullish for PGLC.
It looks to me as if there is a large seller here, mercilessly pounding the bid. I think of it like a kid with his hand in the cookie jar. As long as he sees cookies down in there, he's going to keep reaching further and further down to get them. The seller sees large bids, and keeps pounding the stock down to get those bids. Could be a note-holder. I just wonder how far down he's going to take it before letting it breathe. I sold the other day for a loss, yet again, but continue to watch it on a daily basis just out of curiosity. HAIR has now given up all of its gains for the entire year and then some. Really ugly chart, and unless something miraculous happens, it doesn't look like it will ever recover. A true scam in every sense of the word.
No, still holding here, johnsyn...although I'm wishing I sold a couple of days ago and bought back again now, LOL. Still keeping the faith.
Panic sells, imho. Probably peeps loading for what they thought would be a big pop today, and they didn't get it, so they sold.
Selling off today...
Wow, what's with the huge drop here today? Picked up a few cheapies .005, not sure what to do with them, LOL.
Here's another reason or two that PGLC pps has hung in there, besides the fact that this isn't a pump and dump.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79587252
Also, you have to take into consideration the economic climate. The price of gold is soaring. The dollar isn't worth a dollar anymore. Speculation can make the pps of a company do strange things, LOL. Even with no revenues, PGLC pps has hung in there because of speculation by investors and traders that eventually Pershing will be producing mass quantities of gold. If it does, the price per share could double or triple overnight, and that's a gamble that some are willing to take. IMHO, with the huge block purchases (several 100K + buys, including a 400K block buy last Friday) and insider buys that we've been seeing recently, apparently some think that it is a very good gamble. Right now, I'm gambling with the big blocks. Follow the money.
Well, whomever the contract was with, shouldn't it have been 8-K'd? That seems like a pretty material event to me!