Make it, but not at another's expense
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Crawfors, there are going to be a LOT of people that will likely have sold off and moved on, and then 6 months from now, they will have curiosity hit and take a peek at the stock, and will absolutely be in more despair about letting their emotions take over and push them to sell and avoid getting back in.
I think it's a great skill if you can sell, take profit, and then recapture your shares plus more at lower prices, but there is an inherent risk unless you know the minds of the market.
all said, the safest play, if you have confidence in a company, is to stay the course. Imagine explorers like Columbus getting half way into the trip and then seeing extreme waves, and then saying "screw it, I'm out - we're heading back"
If you sell, you are either extremely skilled and understand the next moves of the market, or someone who is easily scared out of your investment.
Stay strong / Stay Long!
Gigantor, on your post regarding the 10-K I am 100% in agreement. I am transferring over cash and while I don't like the share price here, I am going to take the opportunity to accumulate.
Best to all Longs!
I am transferring funds over as we speak. I don't like what the market is doing to stocks, but this is the best 2 for 1 sale you will EVER be able to part of in your life.
Best to All!
Dutch, yeah, the board isn't changing, you are just seeing the "Microwave" generation. If something doesn't happen NOW, then it's too long to wait.
Christ, my kids acted better than this...but that's ok. If you drive a car, and like the car, does it bother you if someone says "I don't like that type of car"...for some of these people, it matters...they live their lives on the edge, and all it takes is a small nudge and they topple.
Honestly if it does drop back down, it will be a great opportunity to pick up cheap shares. I will raid my other sources for some coin and when it hits those anticipated highs, I will send those who sold and left a nice postcard from Italy.
Best to you and all Longs!
Curious...seems a few "Longs" and I put that in quotations for a reason, have possibly sold their positions and are now assisting in negative postings to possibly help get in at lower positions while capitalizing on profit taking.'
I am fine with profit taking, just not a fan of fake sincerity and "concern" over the company. If you truly have to question the quality of this company, or the integrity, you should sell off and move on...I have always liked the honesty this board has maintained, so the changes of a few is a disappointment.
Anyway, Long and Strong on this one...and if it pops down further, I may capitalize on some cheap shares to build my base.
Best to you all...
Iflhdy, total OS is actually 85.4 million, with 61 million float.
Have a great weekend to ALL Longs!
Actually jersey, the $2 bid close price has to be sustained for 90 days, then it takes 4-6 weeks to have your application to Nasdaq approved. the Investment Banker is being added to spread interest to larger institutions, and to help guide the walk to Nasdaq.
I do have to admit (and I have told the IQSTel team) that they need to have PR's that have teeth. They need to show substance, dates, timelines, details, or the likes of Sykes show up and feast on the weak.
I know in time that this will be a MONSTER and any who have the fortitude will prosper...others, well they will try to catch a rising star, but they will likely not be as profitable as they would have if they waited and had patience.
For those, turn off your computer, go outside, enjoy life...come back in a few weeks and then make a judgement on what to do if you like, but stop watching the clock, and start watching the calendar.
Peter, the bottom line appears to be that shorters have been playing the market without the proper amount of funds to back up their short positions. this new rule will change that and require a lot of shorters to either close out of the numerous short positions so that they can cover a few.
The problem is that shorters may have 10, 50, 100, or even more companies in their portfolios that they are short on, and do not have the proper funds to cover those positions should they shift in the wrong direction.
Simply said, Short positions will be MUCH less in the market as the shorters will now have to be very selective in which company they are interested in shorting...so instead of 10, 50, etc...it may be 2, 5, etc...most of the Sykes types are playing with $30-40K, and their short position will only allow them a single play.
of course, this is my take on the rule.
Best to All!
Knux, Algorithms or not, it's kind of hard to beat a stubborn man at a game of wait.
They will have moved on once the Nasdaq uplisting hits, I will be rich, and they will have not gained my shares.
I put in an order for 3K shares and got filled in about a minute, so there are shares there.
They can play this push it down and try and accumulate, but each time they drop with the hopes of cheap shares, this board of longs are waiting just beneath the surface of the water like piranhas.
Go Team Castle!
Filled @ $1.02
Lets see if they fill my order for 3K shares...AON
https://www.dtcc.com/Globals/PDFs/2021/March/05/SR-NSCC-2021-801
The DTC (Depository Trust) submitted a filing DTC-2021-003 (link below) which eliminated the requirement that a Participant must confirm its activity statements monthly through DTC’s Participant Inquiry Notification System (PINS) system. In short the HF’s and MM’s no longer have to submit data to DTC/DTCC monthly on shorts, longs, or any other relevant information that can be used for the monthly risk assessment that is currently being used. Best part is that the Deputy General Counsel of the DTC approved this change on January 14, 2020 and the Effective date is listed as “The proposed rule change would become effective upon filling” which this was filed today, March 15, 2021.
The SR-NSCC-2021-801 is an advance notice filing that only required the SEC to approve before NSCC “Implements proposed rule changes no later than 10 business days after approval by the Commission”.
For those of you too smooth to remember the 801 will allow the NSCC to assess the risk of members daily and let them demand a higher Secondary Liquidity Deposit (SLD) daily if the member would risk defaulting. The 801 basically makes HF’s and MM’s pay more if they are playing too risky and can let the DTCC liquidate the member’s positions if it could risk the NSCC’s ability to complete that day’s trades.
https://www.sec.gov/rules/sro/dtc.htm
https://www.sec.gov/rules/sro/dtc.htm#SR-DTC-2021-003
There must be a LOT of orders in under $1 because they are holding it above that point.
I know I am waiting down there...but likely not to get filled.
Patience is key. I read one posters comments on this very principle. It equated the lack of patience for investors to Kids on a car ride, continuously asking "are we there yet? How much longer?"
Now that management has engaged Investment Bankers (and with their help), they will not only hit the $2 requirement, but hold it and grow.
To those who are likened to those "Kids in the car" I feel bad that you are either unwilling to hold for the needed time, or that you are concerned because of garbage talk.
Time is what is needed, and we will get there.
My best to All of you!
iflhdy: This is a follow up to your post. the Nasdaq requirements do require a 3 month hold of $2 to meet the guidelines
I have attached a link to the SEC information for this (scroll to page 9)
https://listingcenter.nasdaq.com/assets/initialguide.pdf
the requirement associated with the $2 Bid price is:
"* Currently traded companies qualifying solely under the Market Value Standard must meet the $50 million Market Value of Listed
Securities and the applicable bid price requirement for 90 consecutive trading days before applying.
** Securities subject to resale restrictions for any reason are excluded from the calculation of publicly held shares, market value of publicly
held shares and round lot shareholders. In addition, except for SPACs listing under IM-5101-2, at least half of the minimum required
number of round lot holders must each hold unrestricted securities with a minimum value of $2,500.
*** To qualify under the closing price alternative, a company must have: (i) average annual revenues of $6 million for three years, or (ii)
net tangible assets of $5 million, or (iii) net tangible assets of $2 million and a 3 year operating history, in addition to satisfying the other
financial and liquidity requirements listed above."
Rab / iwitness, I think this will bounce around a bit around the $1 line, but my guess is that this will cease within the next week or so.
the company is working hard to uplist, and the likelihood of that occurring by month end is getting clearer.
As for me, I feel bad for those who do not have the perseverance to hold for any length of time and are easily scared out of their shares.
I have orders in below the $1 mark, and if they walk it down, I will pick up shares and continue to cost average in both directions as I have a strong confidence in the direction of this company.
Best to you and all!
Pc87: here you go
https://www.dtcc.com/Globals/PDFs/2021/March/05/a8974
IMO, starting this Monday, once the SEC change has been implemented, this stock will begin to see the rise in price it has been deserving.
Best to All!
Risk, Crawfors is right. They have conditioned investors who play in pennies and even larger exchanges to "Sell on News" which translates to "Hey, good news just popped...I better sell!"
they can continue to hold this, but eventually they are going to realize they are holding the Tiger by the tail, and will be bit.
Best to you!
rab, not likely, but a nice pipe dream. just transferred some coin from my savings...hoping these bargain basement prices hold out.
I like making sure I am sitting on blocks of 10K shares...just told my Investment Tax guy about this stock...
Best to all!
Mic...ALL mine are locked up...
thank you for the quick dip...picked up another 2K shares @ $1.05...hopefully it was out of the shorts hands.
Best to all!
WillPuk - let's make sure we are not being disingenuous with information.
Trading212 has Suspensded trading for ALL Penny Stocks...this is the type of misinformation that artificially and erroneously scares new investors.
This has NOTHING to do with IQST or any one specific Penny Stock - this is a Blanket Suspension across the board.
Long and Strong - Best to ALL!
https://www.financemagnates.com/forex/brokers/uk-broker-trading-212-suspends-trading-in-penny-stocks/#:~:text=The%20FCA%2Dregulated%20broker%20said,statements%20published%20on%20its%20website
maronti, based on that, we may experience a downward pressure in price for these clowns to cover themselves. I for one, am glad to see revisions on Shorting...it should be abolished entirely.
Tell me, where else can a person sell something they do not own?
I am sitting in the shadows, and quietly picking up shares when they push it down.
Also, while I prefer to rely on my own DD, "WalletInvestor" has a pretty damn good track record for stock selections. They are roughly 80% accurate, and that is pretty damn good.
All said, WalletInvestor has this baby sitting at $80+ dollars in a year, with a 5 year sitting at over $200.
While I am a bit more of a realist, even if they were only 80% correct on price, that would still put this stock around $60 in a year.
But then again, I am a "bird in the hand" type of person, so regardless of whether or not it hits at those highs, I am holding LONG because this company is extremely strong, and I feel all LONG holders will be richly rewarded.
Best to All Be your Brother's Keeper
Pick up cheap shares folks...in a month, you will be saying "remember when it was around $1 and I made jokes, acted scared, sold my position, etc...
For all those types of investors, you are better off selling and moving on...chances are you are the type of person who puts something in the microwave for 1 minute, and ends up stopping it at 0.58 seconds because you are too impatient.
This is your chance...many of you are too young to remember when Microsoft launched, Amazon launched, Yahoo, Google, etc...but for those of use who remember when they did, we know how many Multi-Millionaires were made from single investments.
Your chance at History is before you...are YOU too impatient to sit and wait?
Best to all of you with the fortitude to hold and buy!
Be your Brother's Keeper!
Fiat, basically it means that the stock must have the required number of Market Makers (we know them as MM's, thieves, manipulators, etc :) )
if you are a very small company, with extremely low volume, you are likely to only have a small number of MM's to handle your stock transactions.
There must be at least three (or four depending on the criteria) market makers for the stock. For companies using the $3 or $2 criteria, only two market makers may be required
at this time, we are likely subject to only having 2 MM's
Caolson93: I beg to differ as filing the S-1 is huge - it tells a lot about the potential of the company as well.
Listing Requirements for All Companies
Each company must have a minimum of 1,250,000 publicly traded shares outstanding upon listing, excluding those held by officers, directors, or any beneficial owners of more than 10% of the company.
The regular bid price of shares of the company's stock at the time of listing must be at least $4.00. However, a company may qualify under a closing price alternative of $3.00 or $2.00 if the company meets varying requirements.
There must be at least three (or four depending on the criteria) market makers for the stock. For companies using the $3 or $2 criteria, only two market makers may be required. Each listing firm is also required to follow NASDAQ corporate governance rules 4350, 4351, and 4360.
Companies must also have at least 450 round lot (i.e., 100 shares or more) shareholders, 2,200 total shareholders, or 550 total shareholders with 1.1 million average trading volume over the past 12 months.
As of 2020, a company must pay a $25,000 application fee before its stock can even be considered for listing, and it can expect to pay between $150,000 and $295,000 in entry fees if successful.
In addition to these requirements, companies must meet all of the criteria under at least one of the following standards:
Standard No. 1: Earnings
The company must have aggregate pre-tax earnings in the prior three years of at least $11 million, in the previous two years at least $2.2 million, and no single year in the prior three years can have a net loss.
Standard No. 2: Capitalization With Cash Flow
The company must have a minimum aggregate cash flow of at least $27.5 million for the past three fiscal years, with no negative cash flow in any of those three years. Also, its average market capitalization over the prior 12 months must be at least $550 million, and revenues in the previous fiscal year must be $110 million, minimum.
Standard No. 3: Capitalization With Revenue
Companies can be removed from the cash flow requirement of the second standard if its average market capitalization over the past 12 months is at least $850 million and revenues over the prior fiscal year are at least $90 million.
Standard No. 4: Assets With Equity
Companies can eliminate the cash flow and revenue requirements, and decrease its marketing capitalization requirements to $160 million if their total assets total at least $80 million and their stockholders' equity is at least $55 million.
A company has four ways to get listed on the NASDAQ, depending on the underlying fundamentals of the company. If a company does not meet certain criteria, such as the operating income minimum, it has to make it up with larger minimum amounts in another area, like revenue. This helps to improve the quality of companies listed on the exchange.
After a company gets listed on the market, it must maintain certain standards to continue trading. Failure to meet the specifications set out by the stock exchange will result in its delisting. Falling below the minimum required share price, or market capitalization is one of the major factors triggering a delisting. The exact details of delisting depend on the exchange.
If you don't believe this stock is being manipulated, I ask the following question:
The stock price dropped over 4% to $1.16 with a ~50K order...we are down over 10% with less than $900K shares traded on a Multi-Million dollar company...with ~equal buy/sell trades which should have reflected a small change in price and sideways trading.
Long and Strong!
Best to you all! Be your Brother's Keeper!
oldman, you bet...my pleasure!
There's a LOT of churning going on with this stock, but I have been long for a while (not as long as some of the guys who are 250K shares strong) but I am averaged now way under $1 with quite a large investment...been in since the high $0.30's/low $0.40's but have been averaging up because I realize what this will bring long term.
Here's a GREAT read for you in case you are nervous...and some are, but IMO, it's a waste of their time to worry...
They are likely to be the person that sold either at a loss, or small gain, and then 2 weeks later they are kicking themselves when the check back and see what they missed out on.
Best to you! Be your Brother's Keeper :)
https://www.griproom.com/fun/why-your-stock-is-always-red?fbclid=IwAR0lpq4WXmUfSuC-PTAxhMA4mk4-YXy9gaE3Zwk9dHqZ54VpZAZQTAbnAAw
The crawl upward is due to low volume...hasn't hit yet, or groups/investors are sitting on the side, cash ready, once the 10K hits...
we have a ton of great news on board, so now we just need people to start driving this up.
Volume will push this up. All signals are pointing to a strong movement. Let's see if this moves as volume comes in.
RSI bouncing between 60 - 70
Bolli bands are trending up (would like to see a bit more spread)
Stochastics looking good...
Best to you!
Tyrus, I 100% agree with you on how this will trade until the uplisting. I would like to offer another explanation on this stock: it is my belief that the MM's/groups are holding this down and picking up shares by scaring people with the "this is a Pink Stock, and even with great news it won't move" manipulation.
Doing this allows them to keep the price down and prevent the requirement of the $2 Bid price at close.
This company MUST realize that until they can uplist, these clowns will keep torturing this stock and eventually the only ones remaining will be the die-hard investors.
You can bet that there are a bunch of investors who put up money that they cannot afford to lose, and some of them probably are getting henpecked by their spouse to "get our money back"...
All said, its a game...question is, regardless of the great news on this stock, are investors avoiding it because they see that even with great news, the stock falls in price.
Best to ALL Longs!
Keep the faith my friends! Be your Brother's Keeper
Hey EVERYONE!!! the bashers are back...GREAT NEWS!
Another Sykes wannabe
PokerStar: looks like there are a few dumpers trying to realize the quick pop...thats understood in PennyLand.
Once this hits with other groups, we wont have to buy it to make it move, they will drive it up...
That said, I would prefer a slow steady rise...maybe a $1.60 close today, followed by $1.85 tomorrow, then over the psychological $2 mark.
$1 increments when you're a penny stock are like tearing off a bandaid on a bad cut, after the bandaid has literally stuck to the wound...it is some psychological thing with investors...kind of like the "$3.99 meal deal"...just say $4.00...all that churning over ONE PENNY
Best to you!
Slow and Steady...spikes mean that groups like Sykes crawl in because they realize they can easily short a stock that spikes and play on peoples fears, and work investors, convincing them to "take their 25% and run"...
Slow is how you avoid these scammers...
here's something to consider:
Over the past week, we have had 20 million shares traded on this stock and the price dropped from $1.30 roughly to $0.80, a bit more than 62% in price drop.
Then, in one day, with 2-1/2 million shares traded, we jump from $0.80 roughly to $1.04, roughly a 24% spike up...
Now, THAT is what you call stock manipulation...
Now, learning from our recent days and runup to almost $2, let's all hope for a slow steady growth...this gives us confidence, gives investors confidence and scares the manipulators.
Next week is going to good...hoping they get the Uplist PR in order, set timing, dates, and have updates in order.
Best to all LONGS!
Be your Brother's Keeper!
Might see $1 or over today, but a pullback is occurring...
misteroldman, the company said next week they will be speaking to uplisting timing
(from Twitter)
iQSTEL Inc. (OTC Pink: IQST)
@IQstel
$IQST Next week we are going to announce about our up-listing path
@Etelix #IoT #IoTaward #Chemicalindustry #EVindustry #Visadebitcard #fintech #EVBatteries #Blockchain #Telecom #uplisting