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huge ask moved out of the way - 12s up!
MMs or some noob just throwing up huge block on ask to scare peeps imo. Slap it and let's get back to 12s!
If I get some other positions liquidated, I'll help out with the ask slapping :)
Slap the 12s and let's get back on track!
Take out the 13s and we're off to .002 imo!
I added a bit of 13s :)
Keep slapping! 15s are close!
I'll try to support bid this morning and I encourage everyone to either support the bid or slap the ask! If we continue our upward movement to .0015 or even .002 today on high volume, we will send this stock into a frenzy on rumor of TeleFix's reverse merger
Yeah, I was PI$$ED. They have that message on the front screen telling them to contact them, so I did. I asked them if I would be compensated for their failure this morning and I got a reply that said no. But I could have called in trades...uhh, yeah. I'm sure they would have charged me the broker-assisted trade price too LOL.
I saw the bottom at .028 forming and I wanted to get in but I couldn't and I didn't want to chase it above .03 because I thought .035 would be heavy resistance. And then for no reason, the stock takes off right after lunch. fml
I'm happy for everyone involved - I sold early for a 25% profit and tried to get back in multiple times. Late yesterday, my boss interrupted my .027 entry and this morning, Etrade was down as I was going to enter at .028 and .03. So now I will wait for another period of consolidation and if that doesn't occur, I wish everyone the best!
I would just like to add that while the rise might be very profitable, there's always a fall so keep a target price in mind and don't look back. I did that and profited, but I've been in plays that I've become emotionally attached to because it traded so high and so fast...and I ended up losing my shirt when it crashed. I'm not saying this will do the say, but I always preach caution. GLTA
It's the volume more than anything. But we need a filing soon from the new company. They will most likely PR a new ticker symbol and about completion of the R/M, but this volume alert will lay many eyes on this stock tomorrow. We could see a nice open, followed by a lunchtime lull. No biggie - I'll take 30% gains everyday :D
Based on their ability to gain multi-million dollar contracts, we should be trading in a slightly higher range. The unaudited financials are much better than Sierra Desert's and they are most likely parlaying this opportunity to expand their brand name better & faster. If they ever file an 8k of substance, we will shoot up like crazy. I'm excited!
I picked up a bit more at .001. Let's roll this to .002! :)
Someone slap the ask and we will start moving again imo
The resistances will be there because people will flip out their 2s and 3s on the way up. We just need continued buying pressure or this play could stall. The volume will be enough for experienced R/M rumor players to jump in. Volume before news - let's hope the company doesn't issue a fluffy PR. We want an R/M! lol
anything under 15s are good for this.
This is under a major volume alert atm - average vol. before today was 7.5mil. We've traded 60mil shares today and that will grab everyone's attention ASAP. If there's ever an announcement of R/M, we're heading north in a hurry. Based on the final revenues of the company will determine the target range but a 3-4 bagger is definitely possible on even the smallest of news. GLTA
Someone slap the 11s! I added some 11s :)
BRZM - run is just beginning. Based on interim filings, new CEO looks to be using BRZM to reverse merge his company into. Could be huge IMO.
Looks like a death cross and all indicators trending downward. I would wait for indicators to reverse before entering. JMO.
I'm in on this play - buying the rumor and selling the news ;)
Green and loving it!
I was gonna jump into ATRN this morning too - now when etrade comes back up I'll buy the dip :) (if there is one...)
reply to this when lockdown is over? I'm trying to trade as well on etrade and I can't!
You'll probably see a mirror image of what happened this morning. Spike to .03 - then the critical chance to eclipse it (we will probably have two chances). If we run through it, we probably move to .05. If we fail twice, you'll likely see consolidation and then a hard push to finish at .03. An 8k filing AH tomorrow would then propel this stock to the next level.
JMO
Yes, but they are probably smart enough traders to have bought low 2s and sold at higher 2s. I have already cashed in a 25% profit and I'm looking to re-buy on a dip. If the gap closes, so be it. If I think that the chart is primed for a run, I'll pull the trigger. If I somehow miss the run and this baby needs a kick over 3, I'll help that too because I know all 3 scenarios are profitable. Gaps almost always fill tho - .012 might not fill right now but if we don't get favorable news, you'll see subpenny again and the gap WILL fill ;)
GLTA
I'd like to see the gap fill first - the market perceives the most recent 8k as non-material and information they already knew, so the stock has acted like it has over the past few days. The only difference is that gap. I understand there is a gap from .008 to .012 but we've established a base at .018 that should be unshakable (if it were to break, the chart uptrend would effectively end IMO). Lots of traders make plays if there's no gaps in the chart, which leads me to believe that if we don't see the gap fill this afternoon, we will see it tomorrow morning in a shake. Either way, I am still bullish on this play but I would like to see another 8k AH today that tells people that 100M is the O/S. This would mean that there's another 8k/PR imminent that explains the debt payments.
Well according to your 50 posts an hour, you thought we were going to hit .03 every hour and head toward nickel land by EOD LOL.
Just quit with the relentless pumping and let people do some DD. I'm looking for a good entry once the gap fills (and it will definitely fill). I'll be trying to get back in before EOD because I think another 8k could be released AH today.
Was gonna get in at .02 but I'll wait and use a huge bullet if this gets toward .03. I'll trigger at .03 then or wait for another pullback to fill the gap. either way, I'm watching!
.018 - .02 is a good bottom range for this stock atm. JMO
imo, gap has to close. That will keep a lot of traders away. We will likely retest sub 2 very briefly before heading north again!
Everyone slap the ask and let's get back to .027!
Oh, I definitely ride free shares when I can. I expect that the stock will travel to .05 this week and then I'll be riding free shares as a result. Only one run has happened so far, then a pullback from profit takers that got in subpenny. Now that a base of roughly .02 has been established, I would encourage a lot of traders to enter next week on the next run. I do take profits on the way up :) gltu
IMO, I don't think ATRN is a pump and dump. I've been doing extensive DD and this isn't a typical penny scam. The past 10-Qs and 10-Ks should be an indication that the company is doing everything in its power to reorganize for eventual relisting on the NASDAQ. Let me outline some things I've read:
ATRN has convertible notes that are coming due. This liability is being taken off the books by selling dead-weight assets and converting their A/S in totality. Despite the heavy dilution last week, the stock price still rose from .008 to .019. I can only count on one hand the number of penny stocks that have this happen. Clearly, lots of retail and institutional buyers are in on this.
As a result, ATRN has raised (IMO) approx. $1.75M from the stock dilution. What's better, 100M O/S in the penny world is very small! I think you will see a PR/8k come out in the coming week or two that details the money tey generated from this offering and that the money is going to pay off debts that are currently owned.
Additionally, the company has sold approx. $1.25M in dead-weight assets (briefly mentioned above) - this will also go towards debt payment.
Essentially, ATRN is raising capital to pay off liabilities, while at the same time removing net loss assets to reorganize their company. Now we come to my theory of how they will pay off the rest of their debt (since roughly $3 million won't completely cover it). I think they plan to sell kazaa to pay off debts and use the remaining cash to re-tool their profitable ventures. Kazaa currently operates at a net loss but is a huge asset due to their subscriber base. Kazaa produces massive revs and would become profitable under a larger brand that can turn the platform into a net gain.
And even if you don't believe in anything I've just said, look at the revs being generated regardless. Their transactional service is on par with last year's revenues and they are limiting their operating expenses. When the liability is cleared off the books, they will be in a great place to reorganize to become a profitable venture again. What penny stock do you know that produced $40 million in total revenues last year. I understand your concern of the net loss, but the company looks to be taking quick action to work on these issues and I think this is a great short-term, mid-term and long-term play. If they continue in the right direction in 2012, you could see re-listing to the NASDAQ by the end of the year. But this is only if they can shed all the dead-weight, increase revenues in their transactional service and keep liabilities to a minimum. GTLU
Notice that my posting was on January 5th during market hours - I was merely summarizing at that point in time what we already knew. We also had an inkling that the rest of the A/S would come to market and the numbers got closer the next day.
IMO, we will see another 8k early next week outlining the full 100M shares having entered the market. You will then see either an 8k or a PR detailing payment and/or the company's restructuring plan. Until then, we trade under the assumption that ATRN has an 87mil O/S with no thought to increase A/S. Given these parameters, we should see a nice increase next week due to dilution effectively ending!
Renee, I would like your thoughts on a theory I've been creating since close of yesterday:
the company has most likely maxed out their A/S (which we will see in a future 8k next week) in an effort to pay of debt. They've also sold off assets that we/they consider to be "dead-weight", What about selling, either a portion of/the entire asset, of kazaa itself? Assuming the company compiled roughly $2.5mil from this firesale of sorts, could they potentially sell their kazaa asset, pay off all debts and have enough cashflow to expand on their trasnactional service that is profitable at this point?
A buyer would be very interested in obtaining kazaa's subscriber base - that's the real value of the asset. By selling that to BD or to someone else so that they could pay BD, we would see debt paid off, liabilities (and net losses) lifted from the books and cashflow for future operations (depending on the valuation of kazaa as a standalone asset). If the company ever came out with something like this, in conjunction with a PR/8k outlining their reorganizational plans for 2012, I think we would easily see .50. Thoughts?
For my last post of the day, I would like to foreshadow that we will close right at .02. We closed right at .03 during the huge run up and we will see nice buying pressure these last 10 minutes. .02 sets the chart up nicely for next week, locking in a great weekly candle that reverses the chart. If we continue to see the same buying pressure next week, anything is possible because the A/S is now maxed! HOLD ON TO YOUR SEATS EVERYONE!
Go ATRN! See you all on Monday!
Here's my theory regarding the 8k:
ATRN will want to get it out ASAP to boost the share price. Higher share price = better for BD and better for their bottom line. They will want to stir the pot over the weekend for a sick run next week.
Maybe I'm wrong abut this, but I think we see it ASAP. I also think we'll see in the 8k that more than 1 installment has been paid off (between the A/S maxing and the sale of assets, 2.5M+ will be obtained).
who's guessing? We've been shadowing what's happening all day. 13M has to enter the market today. Then an 8k will hit the market either AH or sometime next week. After the dumping is done, we move to higher levels. The 8k will be the catalyst to get us there. Once the shares are all in the market, this will rise pretty quick.
Volume will pick up this afternoon! I expect a barrage into EOD - this has been the typical trend of this stock for the past 2 days. Buckle up - it's going to be a fun ride these next few trading days!
We're being held down currently by the rest of the 13M coming to market in bits and pieces. The 200k-500k blocks dropping on the sell are the last of the dilution for debt repayment. We just need to fade today, finish around a HOD on power hour buying and wait for the 8k AH (or before market Monday). If these things happen, .06 will come very quickly! And if we break that, .08 and .12 will both happen.
I got a small chunk at .0184 to average down a bit. Gonna see a 30%+ return on that money shortly :) back over .02 in a couple minutes!