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There are other ways to buy things than by diluting shares? When you bought your car and/or home did you dilute stock to finance them??
They allowed this to gap up and sold 10M+ shares at or above .023 only to immediately drop it down 30-40 ticks on no volume.
Seen this many times in ANDI world.
I'm sure cjstockisup will tell me there is no such thing as shorting a penny stock, but sure seems like they like to make some loot every morning by shorting and immediately dropping to cover...
Yeah a couple this morning are showing no shame. Just ridiculous. Don't think its a coincidence that the MMs are going nuts with moving ask and bid all over on no volume. Some people are desperate currently.
10m in buys vs. 3.5m in sells this morning indicates crashing?
Damn boy you sure want you bid to fill at .02...
Have you read the comments on Utopya Twitter and Facebook. People are ruthlessly going after him. Kind of ridiculous considering these people are not doing anything, just hoping to get rich quick off of someone else's business.
Yep. Which is a lot of why a double bottom is created. Less of the buying is by flippers and less resistance will be seen going back up.
I don't have private messaging but to answer your question: yes.
If this reversal holds like it did last time it will go to at least mid 3s in my opinion and if it signals a double bottom pattern it could go well past.
Of course you never know, it depends on how much of this buying is being done by the flippers looking for a quick buck.
It is just below the 50 day moving average, which is a natural bounce point and likely triggered many radars to buy back in.
Hoping this sets up the double bottom bounce that will finally move this to 4 cents and above but we will see...
Something tells me the 3+ million wall that was flashed on the ask at .02 on the way down won't be there anymore.
It was used as a scare tactic to induce selling I'm guessing.
Great advice.... As usual.
It really ran for 8 days. There was one red day that was exactly one tick down on some BS at the end of day.
It looks like it ran to .002 back in last July.
It ran from trips to .0062 in 2010 last time I was in it.
If the OS is still 35.5M as listed, which who knows if that's even close anymore, this moves like crazy on very little buying pressure.
Hmm. Is this the 80s again? Hate to say it but this board has really deteriorated.
What used to be a consolidated effort to support a company and bring forth new DD and ideas is now a giant pissing match between bitter investors and schizophrenic trolls.
Sad.
Still hoping ANDI is legit but am now skeptical due to some of the classic penny stock technics shown in the PRs. Still holding 1M shares for free in hopes that this thing materializes at some point but until then, I can't read this tripe on here anymore.
Amazingly, yes. But their old buddy company ETLS is not. Both had the same 'management' and 'address' in Milwaukee but when visited there is no actual company.
That is what is going on. Think it has been alerted by some groups on a potential 'short squeeze'.
Not sure about all that but it has an excellent share structure and has run huge in the past.
Looks like possible pre-loading for a P&D. I've had a few shares here since 2009 when it had huge P&D based off false reverse merger rumors.
Since then it happens about once every 1 to 2 years because the share structure is really nice so the iHub promoters keep coming back to it, last July it ran to just under .002 and crashed immediately.
This is likely true and happens every time. No matter how much people are warned, many will always capitulate or set stop losses and lose their a$$ when the PPS is walked down.
Honestly. Even if it was contract news we likely would have seen a big spike followed by a sell off.
The penny stock mantra has always been 'sell on news'. That's why I don't know why everyone is always crying for news all the time...
To be expected when we get first update in awhile. Some people have been waiting for the exit door but if you look at it 12M+ buys came in to take this green and then around 1M sells dipped it down. That is actually very promising. Often, there is much bigger selling into news. If this holds and finishes green, it shows a lot of strength...
Really the worst thing anyone who considers themselves 'bagholders' that bought in in the .03s can do is sell into this low volume walk down. Then your loss is realized and there have been no signs of dilution or huge dumping in the last week, just dried up buying pressure. This will eventually jump back up. How high depends on the reason.
I don't really see the 'dumping like crazy' thing going on.
I see a slow, steady downward trend on very low volume the last week plus. Exactly what always happens after a huge move up when the buying pressure dies off and everyone is waiting for updates.
Unfortunately, this didn't run as high as it could've and now shareholders are in a holding pattern until updates. However, IF we do get the updates we expect, it won't take much to push this right back towards 52 week highs.
ANDI has someone or multiple someones who DO NOT want the pps to break .035, obviously.
Break it and the real move may finally commence....
ANDI looking strong again today.
Question for anyone out there:
Where does one look to see if official filings have been submitted for name/ticker changes?
Curious if there are places to look even though doubt anyone will respond because not many care about prison folk...
ANDI starting to break out on low volume. Now if only I could break out of the slammer....
Thought I would lighten up the ANDI board by introducing a comical basher with an inappropriate alias. I guess that is frowned upon in iHub world.
ANDI. Happy rebound day from the Pokey...
ANDI. Hang in there longs. I'm still with you just got a do a little time away...
Yeah. It's hard to watch the ask again today. So many shares go through without changing the ask size so it appears no one is buying on the ask. All kinds of orders going through not in the ask/bid range also.
Nice purchase. Wish I would've known just how much it would dip. Would've flipped more and bought back huge currently.
Oh well.
How many times are you going to copy and paste the same message?
More likely it's newer buyers in the .03s giving up and selling for a loss. Any trip holders who wanted to cash a profit have done so awhile ago and are now holding the rest for the big move.
Last couple trading days, every time buying pressure comes in, it is immediately met with large blocks on ask, then down ticks on zero volume.
I'm thinking its just a coincidence.
No. This is the work of REDZONE. He has been single-handedly crashing the stock with his massive short selling.
Haven't you read his posts?
They did. Hell, they did it in the .0015 to .0023 range also for quite a few days.
Looking that way. Once volume stalls they have to start moving it back up. Someone with 1.2M for sale at .025 but after that it should move strong again.
This is an excellent point. Anyone that is calling this a scam or a dilution machine needs to ask themselves what is in it for Mike and Darryl and Loudon? Already wealthy individuals who are willing to scam some money up and risk their reputations and maybe even face legal issues? Seems unlikely.
I feel the same way about this company. Not worried about day to day PPS as much as overall potential...
For most, that will be nice to see proof that dilution isn't occurring but there will still be some who don't let facts or proof get in the way of their accusations...
There it is. Today's first, and not last, claim of dilution.
Yep. This is why you see the ask and bid drop over and over with basically no volume then it hits a certain point and a couple million shares go through.
If it was actually wholesale dumping it would be steady volume all the way down.
Don't think it will be too long.