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Low float...we might have a 3 day run especially if we trade 1.5 million shares. It's a bank stock completing a takeover. There's no dilution. Flippers should be on their 3rd flip today. :) lol
It can move from sub-pennies to 25 cents in one day. It happens all the time with NYSE and NASDAQ stocks that fall into bankruptcy and end up on the stinky pinky. So when it reopens and we all sell for a loss take that money and rebuy it when it bottoms out somewhere in the subpenny realm (maybe .001 to .0005). Load up with your remaining dollars and dump it at .005 or .01. That way you made your money back and maybe a handsome profit. Hope is not dead.
Good News
If FVSTA re-opens and end up trading on the Grey Market then all hope is not lost. I've traded many sub-penny stocks on the infamous Grey Market and made a killing. Upon listing on the Grey Market it will drop and bottom out. And then it will get pumped and surge. Then it will drop lower. Then it will get pumped and surge. Then it will drop and linger. Then it will reverse merge into another company and make money for the last bag holders of FVSTA. So just like STUP said earlier the SEC may have helped us indirectly. Go FVSTA GO.
It's a real and established local bank in North Carolina. I think they're gonna push it to $2 PPS today. It's moving in 5 cents and 10 cents increments either way. You have to play this with limit orders. In fact, today is their IPO.
Really I believe FVSTA will prove the SEC wrong. But the SEC only hurt investors by halting trade. They did not help us. If the SEC wanted to help they should have let it trade til Monday morning. They are just a bunch of socialist who didn't want us little guys make some money today on great news. But that's okay. I hope FVSTA prove them wrong and we open up at $2 per share. :) lol...
I traded this stock. So, I didn't take a complete loss. I still have money to trade and makeup this loss if it is in fact a loss. Again we are aware of the wild wild west in trading pink sheets. Look at all the shareholders who made a bundle trading ZIMCF before the OTC Markets glitch yesterday. There was no news. Just a paid pump and dump but it moved from .0007 to .0453 in one day. GLTA
You're right. ZIMCF was the biggest pump and dump this week on no news. And they are trading right now. The SEC didn't step in on that junk. Anyway, we could be filthy rich by Thanksgiving due to socialism. lol. This is kinda off-topic but if you trying to get liquid again and still have a few hundred available for trading Stock Mister has another penny stock paid promotion they are announcing at 10:30 am. It could help in the short term while we wait for the outcome on this SEC investigation.
TD Ameritrade shows an $8 ASK! :)
I love this PR. What I really love about this morning PR is not the 50 cent offer and the 58 cents counter offer, they distributed the PR via Dow Jones Newswires. That's big because only big board players watch Dow Jones. It's gotta be legit. This is great people.
It remains a question mark. Just pay attention to the trading and opening price. The market makers know the details. We can only judge this thing based on their willingness to let it fly. That's why I'm at the point of just trading it until something solid is released. Like I said in an earlier post, the OTC Market glitch and FINRA trading halt on all penny stocks yesterday may have done more harm than good.
930 am has to be good because OTC Markets and FINRA damn near destroyed all the enthusiasm we had today for FVSTA.
OOO Lukoil-Komi, Usinsk listed publicly as a business partner with FVSTA. Go FVSTA Go.
lol, when the hire stock mister and awesome stocks - simultaneously - then we know we got a pump in the making. :)
Most traders went home. Look at the volume. Who's gonna trade for 45 minutes? I expect FVSTA to announce the deal any time between now and 9 am tomorrow. It only makes sense. So we have to wait til 930 am to trade again. I wouldn't give much thought to whatever price it closes at today. It doesn't mean anything even if we close up 1 cent!
PS: I doubt we reach 1 million shares today. Don't pay no attention to these closing prices. Wait til tomorrow morning when a full trading day begins without all this crazy manipulation with OTC Markets.
OTC stocks trading 1 minute ago. FVSTA @ 6 cents.
The opening price is still 6 cents despite the halt. Looks like we won't be back trading til tomorrow. It only make sense to release the information on the buyout offer during normal trading. The goal is to increase tradebility of the stock and that can only happen with a fresh PR. So delaying the PR due to a FINRA halt on all penny stocks is logical. Don't blame FVSTA. Blame the maggots at OTC Markets. It was intentional sabotage because Individual Investors made a lot of money yesterday trading sub-penny stocks. "Connectivity issues" that's a joke. Conspiracy to push all of the money toward TWITTER!
Attack the otc electronic quotation system and everything falls apart. That's why I like old Pink Sheets when trading was still conducted by a manual, paper system. The centralization of electronic quotes is gonna lead to most companies trading privately on their very own bulletin board system.
OTC Markets, Pink Sheets experiencing server problems, data outage. The OTC market is closed and there is no ETA. It's probably an intentional sabotage to keep individual investors from making money. Hope this crap end soon!
This so called "technical issues" with data feeds is balony. The entire OTC market has been ruined. They had better put smiles on our faces by 1 pm.
FVSTA OPENS @ 0.06 PPS, 20k VOLUME
Yeah, a lot of Individual Investors made money in OTC yesterday on ZIMCF (closed up 3400%). They don't want us to make money on FVSTA at 1 pm. OTC Markets is gonna face a huge class action lawsuit if they don't get their act together fast.
Data outage everywhere. Bloomberg, Yahoo Finance our whole financial data system was temporarily hacked by the Red Chinese. :(
No trades yet on fvsta. Interesting. nvlx and erni also showing no trades yet.
We need buys to stay above 5 cents before the 1 pm news. Man, did you see that spread between the bid and ask seconds before opening bell. That was criminal. Dropped the bid to 0.039 and pushed the ask up to 0.06 and we opened at xxx. lol
$0.0545 up
Make sure you are still holding atleast 10,000 shares when the 1 pm announcement comes out on PR Newswire today. The bank is representing Lukoil and once that is publicly known the stock price will gap up to 30 cents per share. GLTA
I found the following article "Money Made from Pump and Dump Stock"
The only way to wrestle control of the bid and ask away from the market makers is to purchase the services of competent stock promoters. That's been the problem all along: lack of a good stock promoter. If FVSTA would have spent the money with Stock Mister and Awesome Stocks, we all would have made $45,000 from trading it over the last two weeks. lol. It's promotion. Promotion brings buyers and buyers force market makers to consistently push the bid up. Finally, the market makers know what we don't know. You can figure out what the market makers know by studying the bid action. We know something positive is in the making because the market makers pushed the bid up to 5 cents before the close to execute a 550k buy order. So the market makers essentially agree that this is a solid 4 cent to 5 cent stock. If the market makers really thought this was a scam, they would have let the bottom fall out this afternoon. But they didn't. So hold on tight, with all your might, my fellow shareholders, and get ready for a trip throughout the atmosphere tomorrow morning. Because it is going to be a great volatile trading day for flippers, day traders, and long shareholders. God bless and GLTA.
PS: If you want current info on this company you should contact the firms making a market in their stock. The market makers are regularly communicating with the company and they are required to provide current info to shareholders concerning the stock they are making a market in.
My sources explained too me 10 minutes ago that the counter offer will allow common shareholders to exit with dignity. My understanding is that the market makers will let it fly once the deal is signed. Today, I made a few hundred dollars from trading it. Tomorrow I plan on making more money from trading it. When the deal is signed I'll make thousands from trading it. The PRs made this stock tradable. The signed deal will make it liquid. God bless and GLTA. See you guys tomorrow morning.
PS:
The market makers in this stock are maggots. So get every penny you can, if not they will.
We close at 0.06 and pop upward to 0.09 tomorrow morning on speculation. Comments?
Trade it until they release a solid PR about the buyout. That's what everybody else is doing.
lol me and whole lot of other people who took the chance is hoping another run is near. Notice the new base is 3 cents?
It appears the lunch time buyers are trying to see if this close between 3 cents and 5 cents after a tremendous run. Or will the 3 cent'ers become the bag holders. Of course not unless something big pending...
Let's see if the newcomers between 3 cents and 4.5 cents can get out at 6 cents lol.
going back to 1 cent lol
9 cents is that real?
Many possibilities are out there. We just have to wait and see what is said in the next PR about the buyout offer. The good thing is that the company is keeping us informed with regular PRs. I still don't subscribe to insider selling because that would cause the bottom to fall out immediately. Let's see if these market makers start back bidding the price above 6 cents again. If that doesn't happen, then I'd become suspect!
The problem is with the market makers and shorters. They have too much control over the bid and ask. FVSTA should be at 10 cents PPS now. It still lingering between 5.5 and 6.3 cents PPS despite the buying volume outweighing the sell volume.
I read the the new PR. I think the company is trying to get the PPS up to facilitate their counter offer. Anyway, awaiting the next PR concerning the buyout offer, they may have to accept the 42 cent offer because VNDM and the piggyback market makers won't let it fly above 10 cents.
gonna be problems staying above 6 cents today with these spiteful market makers. People will continue to sell because they know they can turn around and buy it later when it dip back to yesterday's close! :(