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Then please share where. Thats what I've been asking. I said where I saw my info, yet everyone else is just saying random numbers with no source.
Can you please educate me? I'm being serious. If there's something I'm missing I would like to know for future reference.
Thanks
Thanks for showing no proof. Stop filling this board with lies!
Can you please provide evidence of the "billion short". Part of why stocks are getting suspended is due to the incorrect info. Please stop before you cause everyone to lose money in a suspension.
Post proof or stop spreading lies.
From what I've seen there are only 29000 shares short on OTC markets.
Is this regular dumping or dilution? Is there anyone that can tell? I almost wonder of they put out news so they can dump more. Not saying they wont eventually reach. 10 or whatever, but they need to pay the note off.
Where are you seeing the huge amount of shares short? I checked OTC markets and it's not that much at all.
Thanks
A lot of people are saying ABV*G was a stop sign (and have svreenshots) literally a day before the suspension. So it seems like they can change the status at any moment and then suspend.
The only thing here is there's isnt much talk about this on social media and no one is pumping it. So basically, everyone either please shhhh or this may very well be suspended. Let the company come out with news on their own. If for whatever reason this does pump, I would sell that day, DO NOT HOLD They arent messing around.
Even if you're not correct and I am it still won't last long because Friday sellers are Monday buyers. I highly doubt hedge funds would be allowed to use wealthy peoples money for revenge like this?
I think its more likely people are scared of trading right now with all the suspensions going on. If you are right, then all of these will get short squeezed then??? I just can't imagine hedge funds even being allowed to use peoples money for revenge. Its not theirs.
Fridays are notoriously sell days. If this happened on any other day, maybe... and thats a big maybe, but selling happening on the day selling always happens doesn't seem like a conspiracy to me. It looks more like a pattern. I bet next Friday and the one after and the one after that similar things will happen.
Also, let's not pretend hedge funds are this big scary entity. Hedge funds hold a lot of wealthy peoples money to make more money, they can't just do whatever they want. If you think for a second that wealthy people would tolerate hedge funds gambling their money to do what they say, you've lost it.
That doesnt mean it's not happening. If you actually look at the facts, the amount of shares has been increasing, and by quite a bit. The last 2 months each show about 300 million increase in shares. That isn't going to magically stop until the note is done or they make other changes. So unless they somehow decided not to dilute today, there absolutely was dilution. And there will likely be some Monday and so on until the note is paid off.
I think there is a decent amount of dilution here unfortunately. Its going to be a rough uphill battle. I find it hard to believe that THIS many people wanted to sell. But of course I dont know for certain.
Hopefully the new guy is trying to figure out how to manage the dilution. If he thinks this is worth .10 that will be damn hard with the kind of dilution we have seen the past months.
Does anyone know when the note is done?
I dont believe in using technical analysis for penny stocks. If it works for you, thats great. But I dont find it to be helpful.
That is good. And again, long term I have no idea. That is up to the company ultimately. But because of dilution, this stock has a constant downward pressure. Even if most of us wanted to hold, we would still have to deal with that. Considering the huge spike on no news/updates. This was likely just some random pump. Hopefully we can return to our base in the 004's and build up strength there.
I've been doing this for a while, consolidation of 50%, close to yesterday's low, is not a good short term sign. I have no idea what the long term potential is as that will depend on the company, shareholder strength, and dilution... but considering there is a good amount of dilution (~300 mill shares a month so about 10 mill a day on average), I dont blame people for wanting to jump ship.
The company needs to pay their debt or whatever. I will be VERY surprised if this reaches .10 with the type of dilution and games that are happening.
To be fair, it is Friday which notoriously means people sell their stocks, but idk. I do think people may be able to get cheap shares next week unless there is news or something else happening. Obviously my opinion and I hope that I am wrong as I'm holding.
Pretty cool to see people have some discipline. Trade your plan. Good luck to you!
Definitely throw 15 mill on the ask hot shot!
Yup. Been flipping as well. Have some for the run but if this is going to keep moving like this. May as well take advantage. Not the biggest fan of it but profit is profit.
I think the right side of the cup is too low to be a cup. Im probably wrong though. Theres definitely a lot of support in the 3's.
Lower highs and lower lows (downtrend)
I also see a triple bottom... not a good one but its there.
Am I right?
Its normal, especially before a long weekend. People don't like to hold over the weekend. Its Discount Friday!
Too many games here. Considering how many buyers we had here and this is also Friday, im not surprised there is so much selling. Probably a consolidation day. Might even lose some ground. Who knows.
Thats the entire OTC. I dont understand why people keep saying this like we dont know that. There is a pattern of OTC stocks running hundreds of percents. Realistically, if you bought 20 of these in trips, over the course of a few years. Id say at least 10 would move and a fair chance one of them would have moved a lot.
No one is putting their 401k into this. Learn to trade the market you are in. There are patterns to take advantage of in this space, thats what basically all of us are doing.
Calm down.
Learn how to play the game. If anyone bought low and sold during those pumps they would have made more percentage-wise than almost any "legit" stock aside from tech.
I dont think anyone holds these for life. Play. The. Game.
If anyone is seriously looking to invest, im positive they would know better than to look at the OTC.
These things run. May as well get in on the action. Its going to happen regardless of whether or not you like or agree with it. Buy low, sell high, rinse, repeat, and calm down.
I would think its good to sell parts of your position throughout a run to secure profits but also you can still get some of the gains of huge runs (I do this for forex and it works out quite well).
Some traders like holding "free shares" after they've sold enough to cover their investment and costs and let the free shares run for a while through news or whatever is happening.
Wow. Definitely believe this breaks a penny today. If not. Very soon. Super thin and news hasn't even come out yet. Hold for a bit
Considering how much volume its taking to even move 1 tick, I doubt we will see .002s without substantial news. I think many will be perfectly happy selling in teens if this can even make it there.
Lmfao. Let's hope.
Sorry, more specifically, on the bid. Usually I say sell and imply its on the bid and a buy is on the ask but I know that every transaction is an exchange. I should have been more clear. There are too many buys on the bid. We need people to buy on the ask.
A locked float would obviously help but that will only happen when people stop selling. Let's see what she can do. I still stand by my statements based on my observations. But I would love to be proven wrong. Thanks
Patience is key!
What a bloated pig this is! Sell your shares. Scam company, scam CEO. BUYER BEWARE!!!!!
this has nothing to do with patience. Patience and volume aren't correlated in anyway. It's really important that people educate themselves on the mechanics of trading properly so they don't make terrible decisions like the difference between volume and time.
Is the OTC, time is essentially, but 10 years wont make a difference on a bloated stock. The company needs to do a buyback or get rid of shares or buy them and hold them so there aren't so many available.
As we can see from the volume the past few weeks, it takes about 100 million to move a tick or two. that's not good. We will need probably close to a billion shares in volume to get any type of meaningful move. That's not good. Time isn't going to help that.
Learn the difference between volume and patience. Volume has nothing to do with patience and patience has nothing to do with volume. Period. Unless the news is substantial, I doubt this will get past mid teens and even that is going to be difficult.
If I knew the CEO then I wouldn't be speculating on a message board about the stock. I would know whether or not to buy it. Nice question Ace.
Lots of buying yet no real movement. VERY worrisome.
It only looks great if you're retarded and don't understand the the price needs to move in order for people to make money.
100 mill volume and 1 tick price movement. Logic says that is absolutely terrible. This company would have to cure cancer in order to get any real run. This MIGHT get to .0015. POS ticker!
GDET is a bloated pig. All this volume and barely any movement. Even when it does run, it will take a miracle to get out of trips. What a POS!!!!
It just got current a week or so ago. Be patient. I'm sure we will hear something within a few months. Patience is essential in the OTC.
If you dont have patience then you should probably sell and move on. And its smart to get the volume going when its ready to take off. Buy some now and then buy more when news hits to set off volume scanners.
Exactly! You dont get current for nothing. Its a patience play. People with weak hands should leave now so we can enjoy a run when it comes.
It will im sure when news hits. They just got current. Give them a little time. Load and hold!!