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Huge pinch here. One of the hardest pinches I have seen this year. ADX over 80 is as extreme as it gets. Add RSI under 20. I'm getting close to buying this back. Last pinch that I saw that had a crazy ADX over 80 was LINC.
Let me tell you, FROT is a strange one. I have been watching this since September. Made a few flips. This was doing the usual pinch chart caused by dilution. The company was very good about filings and such. 13gs were filed pretty timely. It had a day where it went up a good bit and hit almost 004. It should have ran for another day or so but didn't. That pop relieved the pinch. Then about 2 weeks ago stuff started to get really strange. It looked like big dumping/dilution. BKRT or VFIN always had ax. A ton of selling. After every close no t trade though. I only saw one for one day. Also no filings. Last 13g was awhile ago and it was 9 mil shares or something. That's long gone. I don't think I have ever seen that kind of dumping on A QB stock without filings by insiders or toxic lenders and also no t trades. Very odd. Especially since BKRT and VFIN were ax. Something different going on here with this one. Not the usual thing.
L2 was thin all day. I like my 5s.
Originally I hit on teaser bounce 1 (bought 0037 sold 0082/4. Then accumulated 4 million 14/15s. Sold half at 27/28/29/30. Still hold 2 million. Will add as I see fit. Will buy on opportuities and hold for real run. There might be one last teaser bounce before real run though. Right now undetermined. This kind of chart scenario can sometimes be dragged out for a little bit, not sure if it will yet BUT it will get a run. Good money will be made here with patient buying/selling.
A real run takes a little while to build. 3 that I have mentioned here before EVTI URBF GDSI all took a little while for the real run to happen. All had at least about 400% runs. With that said there are also what I call teaser bounces. Those 3 had teaser bounces before the real run. TSTS has had 2 teaser bounces now. I have little doubt it will run. Might have to be patient though. I make pretty good money on OTC and definitely win more often then not. The key in these is actually patience if the chart is like this one. These kinds get 1 or 2 teaser bounces and then later a run. Most of the time they are U shaped and not V. Sometimes maybe W shaped. V shaped is actually the least common on this market place. U is most common then W. Both take some time. EVTI and GDSI I got in on pretty much bottom on both and had to wait weeks. They did have their teaser bounces while waiting on the real run. Unfortunately some get fooled on the teaser bounces thinking it is the real run. Then once the real run comes some think it is another teaser bounce so they sell and leave a lot on the table. Many sold GDSI for instance at the start of its run and sold in the mid 002s thinking it was another teaser but it was the real run. To make real money in these your mindset has to be different then everyone else if trying to hit on the real run. Trying to hit on a teaser bounce is another mindset. Do like me. Play for both. You must learn the difference between them though. The chart must be right though for a run. Set up a certain way. This one like those others has the right kind of chart.
DINO. Dinosaur securities. Kind of a BMAK lite. I watched this on the initial crash from multiple pennies to 003. He played a role. BMAK VFIN and the worst one at that time was VNDM. DINO did a little this and that but played a smaller role. He doesn't like getting slapped from what I saw back then. Also from what I saw today. Watch him though because he is pretty smart. He left the ask back then in low 003s. Which ended up being pretty much the low at the time. He moved to 005 and then 009 which ended up being pretty much the high on that bounce.
I can believe that. Its got a smaller float then those others and the chart is more destroyed = more bouceable. Indicators are more to the extreme here then they were with the other ones.
Looks like a repeat of EVTI to me AUG/Sep and or repeat of URBF and GDSI. I was in all 3 of those and was in from near bottom on all 3. Here holding 2 million 14/15s. Little doubt I have that I make more money here. Already traded TSTS from 0037 to 0082/0084.
Yep good call
Looks like a bounce just started. Picked up 5s looks good.
A t trade, about time.
Looking good
I was thinking the same.
Looking decent today.
I'm thinking around 18 to 20 cents might end up being the bottom. Some indicators are getting really silly now. RSI around 12. ADX getting close to 50. Fast sto near 0. Stuff like that. Shorts are usually smart but sometimes they over extend themselves. I actually hope that happens here because when they do that the bounces are really good. They fight it though so it can take a little while. I need to start checking REGSHO and keep an eye out for that. Chart tells me they are not over extended yet but they are getting close.
It is now 4 bil. It is due for a bounce. Should get a dead cat bounce at some point and maybe it will come soon. There are other buys out there so I am still on the fence about buying. Also some weird things are going on here.
Things don't add up here. There is dumping and no filings that explain it. Buckman was here and hammered it and then left and then immediately VFIN took ax and hammered it. Now he leaves and Buckman shows up right away and takes ax. All actions indicate big dilution BUT there are no required filings and also there are no t trades. I have never seen a QB dump/dilute like this without required filings and without t trades. Something is up. Where are the t trades and where are the filings. Almost makes me want to think that there is no dilution actually currently happening. Maybe just the illusion. I don't know your experience level but it is very very uncommon to see this kind of dumping on a QB without filings and without t trades.
IMO what is happening here is not toxic lenders dumping. There would have been filings and t trades. That to me means that company insiders are dumping and have failed to report the required filing. If not that then a trading group (offshore) or something or MM is shorting to give an illusion of something that isn't real.
I agree, excellent timing will be needed. It can be done though. First time I bought this was at 0014 and then it popped up to 0038. I didn't sell up there but I got out at 0028, so 100%.
Then later bought again at 12s and sold 15s. Then recently bought 11s and sold 10s so I have one nice gain, one small gain, and one small loss. This one trades strange and is not easy to time. I can say that about it. I would expect a bounce off the lower bollinger. Didn't happen.
Absolutely I have know about it. Between the two of them they got so many shares that it increase the outstanding double. For just about 10 thousand dollars too. With that kind of situation they can dump at any price and make money.
I know all about it and have known and the recent dumping I am guessing is from those insiders. I don't think it is from toxic lenders. There are no recent 13gs that would explain the dumping is from lenders. There are no filings that insiders are selling either so what I am saying is whether the dumping is coming from company insiders or toxic lenders there are no filings. Not that I can find anyway. This is an SEC filer. No filings from insiders dumping. No filings that lenders are dumping. So whose dumping and if it is one of those entities then where is the filing?
VFIN is very real on this. He isn't fake. He is dumping. Who is he dumping for? There are no recent filings that explain who VFIN is dumping for. Whether company officers are doing it or toxic lenders are doing it, there must be a filing. I had some 11s and I sold them back at 10 because this was smelling bad. I still have this on watch though. Thought about buying some today but didn't.
Pretty happy I got in first thing this morning
I like the 10s and 11s I bought. Confident it will be a nice profitable trade.
I find it really strange that there are no T trades. There are no very recent filings of toxic lender ownership. Nor are there filings of company officers selling. This is an SEC filer. Those things must be reported. The last 13g was over a month ago and was for 8.3 million shares. Those are long gone. I've never seen VFIN dilute and not use t trades.
After buying 11s I sold them back at 10 because this looked terrible but I am really tempted to buy again now. I see dumping and VFIN but don't see t trades and I don't see filings. Doesn't add up. Almost like things are being done to give the appearance. Something is up. I know it. This isn't normal.
Just doing a little flip for now. Not expecting anything close to that 003s to 008s bounce I hit on. Later, weeks out I will probably load up. Keep it on watch. You have seen this one before.
Hey EC, how have you been? I like this one. Took a first nibble at about 26 cents today. I have some good cash to buy this one as I see fit. My guess is shorts are going to be stubborn on this one so it will take some time but it will come.
I bought back today. 18 and 19. Not a whole lot though. Will probably sell them back soon. Ive seen this algorithm before. A few times recently even. Same MM as ax too.
Sounds reasonable. Great call btw at around 11:30 eastern. You nailed it. I also plan to re enter.
Most likely you are correct. Somewhere in that 55 area plus minus a few ticks if fib retrace holds true. More times then not it does.
What happened is that it attempted to break the 10dma 3 times and failed. Naturally that causes a retrace. At 11:30 a very good chartist posted on here named 514 and he said there was a rising wedge (bearish) be careful. When he posted that the stock was in the 008s. He was right. I was willing to continue to hold (was in since 0037) but when I saw on the second attempt it couldn't break the 10dma I exited.
Now with that said, now use the fib retrace principles. If you don't know what that is google it and learn it. Also learn the Elliott wave. I don't know you so maybe you already know those things. Just putting it out there in case you don't. The most likely scenario is that the fib retrace is in effect. This will be either the 50% or 62% variety. Retrace from the total gain, percentage of the gain. Good news is the retrace should be mostly complete whether the 50 or 62% variety. I plan to reenter once retrace is completed. 50% retrace is only a few ticks away from completing and the 62% retrace is a little more but not that much more. After the retrace is completed it will bounce up again. Keep on your toes though because it happens fast. Play the fib retrace and you should do fine.
Ah man, I make more in the OTC then I do any other market place. Even now adays when the pops aren't as good as they used to be in the past. NYSE, Nasdaq, etc I do well but OTC I do better. OTC has a bad rep and for good reason but to be very honest the Nasdaq is just as crooked and jacked up as the OTC IMO. You'll see some really dirty stuff happen on the NASDAQ.
That's because the 3 of us are smart. At least I think we are lol.
Hey man, I went ahead and sold out of that other one this morning for 0082 and 0084. I was up a lot so it was just time for me to exit. It hit resistance at the 10dma which isn't uncommon so I exited. The bounce could certainly continue over there but like I said I had made a lot so I figured it was time (for me anyway).
eh, that stuff is very common. The guys that trade for a living will often sell at the 4dma. On a bounce off bottom the 4dma is the first resistance point. The guys that do this for a living want and need their profit so they take the 4dma. Also if the pop is a one day wonder then they get proven right anyway.
If however the bounce goes for 2,3,4,5 days then after the 4dma comes the 8 and 10 which in this case is up in the 006s, then the par/sar and middle bolli (20dma) after that, so they make the calculated and excepted risk that it is just a one day bounce because if they are wrong they leave a ton of money on the table.
Guys who do this for a living though need their profits. This is how they make a living so I understand it. I myself have a good job and this is just a hobby/supplemental income for me so I usually go for more then the 4dma. Sometimes that costs me a little bit but many times I get huge paydays by going for those higher points. I can afford to do that though. This isn't how I make my living.
U sold on the 4dma huh? Yea, I figured there would be several that would. Glad that you made money.
lol, o look we just broke the 4dma, cool, always the first checkbox.
I considered myself king of OTC bottoms lol. BC is very good though, seriously I have on many occasions entered something and then he shows up or he's just gotten there when I show up. You too actually now that I think about it.
You guys get in on T$T$? I got that bad boy last Friday. I'm pretty sure I saw you guys on URBF and GDSI. URBF I rode up from 12 and GDSI from 14. Both of those were a mad house, still are, pretty sure I saw y'all over there. I remember flipping EPAZ from trips 1 to 4 with you guys awhile back.
I'm going to give you a following mark. I don't know you at all but I am a bottom player and am good at it and I have seen you show up on many stocks I have played also around when I entered. You must have a similar style/plan/screen whatever to me, so giving you a mark, #303.
Me too. U buy in yesterday?
Holding TSTS from last Friday in the 003s. Looking to enter LATX.
Aren't you glad you have held since Friday. I am.
I'm in the same boat as you. Up well over 100% but I'm holding.
You asked for it, you got it.