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So we finally get through all the blocks at $6.50 yesterday and trade as high as $6.80 today, yet there are still morons selling down @ $6.06. If you wanted to sell so bad, why not sell into the bid when it was @ $6.80 this morning? I tell you.....you can't fix stupid!
PokerStar
I wonder what is going on with the pre market trading hitting the tape? Lots went @$6.99 and up to $7.12?? Are we close to Nasdaq uplist news?
PokerStar
It's quite obvious to me that a lot of the volume we saw so far today was systematic short covering. Over 50K in volume, well above average trading volume so far and we sit up .08 cents? That kind of volume here on the ask usually results in a .40-.50 cent increase. It's coming, but we need some more volume to roll in before close. GMGI strong! A little block on the bid....say 5-10K would entice a lot of ask slapping. Just sayin'!
Lol.
PokerStar
Sellers dried up big time, nothing relevant on the ask on level 2 other than a couple of thousand shares @ $6.80. A little more love on the ask heading into power hour and a challenge may be upcoming for $7.00. It won't take much volume to get us there. Just the beginning folks to the imminent Nasdaq uplist buying spree. Smart money knows Nasdaq is right around the corner now and a perfect time to start reloading or adding to the pile. I think once reversal is confirmed by a break and close above $7.00, we see the trend of slow and steady price increases until the explosion onto Nasdaq and back over $10 and well beyond before the end of 2022.
PokerStar
Such a great update the company released this morning. Looking like all divisions are starting to fire on all cylinders. Just wait until all is confirmed to the broad market with the upcoming financials confirmed. I'm surprised they are still trying to hold back the price but I guess they prolly still have a sh*t load of shorts to cover. We traded above .09 cents a month ago on hype alone and now that we get a solid update, we can't get past the first resistance point @ .0435 yet. I suspect with all this solid trading volume so far today, and the majority of it above .04 cents. I think we see real solid power hour today, setting us up for a serious run to begin. Forget about a .10 cent short term target.....after the next filings drop, thinking we settle in the .25-.35 cent area in the coming months. All in my opinion of course. First, let's get through the first nickel again.
PokerStar
Did you all notice how they stopped the price increase beyond the first resistance point of .0435. Funny how MMs use charts to help control the price channel.
PokerStar
Exactly fellas....they can't keep holding back the price of growing companies. Some tech and many, many overpriced tickers like meme stocks that became well overpriced with nothing behind them but hype. Growth stocks and those either making money or on the cusp will be targets.....such as AXXA. We on the other hand are UNDERVALUED. That is what we'll start seeing is money allocated to actual stocks with an actual business plan.
PokerStar
It's funny how it takes a big correction for some to recalibrate their holdings and put their money behind money making and growing entities like GMGI. All the work it took for the shorts and/or manipulating group to drop this to close last week below $6 to only see it return to above where it all started in a matter of a couple of trading days. I'm so glad to see smart money moving back in here. I'm also pretty confident that Nasdaq uplist is getting awful close as well. I think now that we've snapped back to above $6.50 we'll continue to see buying pressure continue to rebound us higher and higher. So many out there looking for growth stocks to make back some of their lost profits. GMGI is a great place to start
PokerStar
Well that block seller reappeared a few seconds after the open. We've traded almost 15k already and almost every share @ $6.44 and yet the amount on the ask remains untouched......can we say manipulation!
PokerStar
Concerted effort by all MMs to remove billions of dollars from retail portfolios. Shorting of all kinds should be illegal, especially when it comes to MMs. They hide behind the rules that allow them to "make a market" regardless of how criminal it is.
PokerStar
Actually, I believe we need a break of .0435 for breakout, but either way, these same crooked MMs or group manipulating the price started selling again as soon as we hit .042. Time is running out on these losers.
PokerStar
It's almost funny how MMs and shorts seem to know before news drops. They took it down to .035 after a solid day of trading, much of it over .04 cents before dropping the price end of session. Crooks!
PokerStar
So excited and so looking forward to all the great news that is about to be released on the market. So many catalysts and so few shares available.......equals massive buying pressure and little resistance to $2.00. Is it 9:30 yet???? Lol.
PokerStar
Well, we'll see soon enough if we get continuation on Wednesday or not. After seeing the strong buying all day and again before close, someone threw up a 12K share block at $6.45 with 5 minutes left in the day. Was this a ploy to ensure we didn't close higher or an actual seller? We will see for sure in a few hours.
PokerStar
What we are seeing, again all in my opinion and from experience trading for over 35 years, is manipulation. The market has been warned of massive correction and along with even blue chip tickers, we have all taken some lumps recently. Couple this with the entire market turmoil, interest rate hike fears and many investors selling off and holding cash, things will remain rocky for a while. The Myle1 expansion and other acquisitions haven't been priced in yet as we await more information to be released. It's coming and in the meantime, between these dirty MMs and likely the same group of manipulators, we are stuck in this channel. We need news badly....plain and simple. Then once big volume returns, they'll let us run.
PokerStar
Unlikely in my opinion. They are only about 65 million shares from maxing out the outstanding and with the huge volume we saw earlier, with multiple 100 million share trading days and at a much higher price then, if they did dilute, my guess it would have already taken place, but again, no proof, just my thoughts. Considering they only diluted a few million in the entire last 12 months, I have a hard time believing we are seeing dilution......and that being said, I'm okay with dilution to grow the company.
PokerStar
As always lately, a 5k ask slap taking out the $6.40s, then reloaded and an undercut to $6.30. Who are these stupid traders we have on this ticker?
PokerStar
I hear you, but all this manipulation is also scaring off potential new investors here. We need to see a few nice green days to get the rest of the market excited about AXXA's future.
PokerStar
Okay, thanks for clearing that up!
PokerStar
Really??? Why would they think that news like that is not worthy of a market wide PR? Makes no sense to me. I guess they figure that the news will get around due to the expected huge price increase that is coming......but still, they PRed the proposed R/S, now that they have reconsidered that decision, I think an RS cancelation is more than worthy of a PR. I think that exposure will help drive buyers our way. I hope they think about that....
PokerStar
Yep.....until these manipulators took over again. Flipping their .033s-.035s for peanuts to hold the price down. Sad.....
PokerStar
Okay, thanks. As I expected, that was nothing but a ploy to entice selling as they collected shares on the bid. I had a good feeling if we got enough of a spike in volume, we'd scare them off. Well done whoever slapped them hard enough to scare them off.
PokerStar
I missed witnessing the destroying of the over 100K block @ .0348. Who took that out? Looks like .40s are right around the corner. Well done longs.......
PokerStar
Well, well, well......if it isn't CDEL THE PRICE MANIPULATOR atop the bid @ .0382 and the ask @ .04. Apparently, he's still trying to hold this back. We need volume......
PokerStar
Agreed buddy. With that estimate in mind, it's hard to believe some are still happy to sell for .04 cents. Next surge in volume should challenge the short term resistance @ .0435. Maybe today, maybe tomorrow ......but big reversal here is brewing.
PokerStar
Totally agree brother.....just wish they would drop some news on us. Tweets are nice to keep shareholders in the loop, but actual news delivered to the markets opens other trader's eyes to our gem. This is one of those tickers that has the opportunity to be a fifty to one hundred bagger or more from here. Smart money has been buying the bottom for days.....we are more than overdue for a major pop here. IMO.
PokerStar
Unfortunately, every time we try to move higher this dirtbag CDEL keeps dumping into our big bids. He could have sold for much higher, but the price manipulator is still playing games. A break of. 0435 will be the biggest short term resistance, IMO.
PokerStar
Even after that mini selloff the last couple of days, the 2 sellers with 3k blocks are still sitting @ $6.50. I would have thought they were part of the selling pressure on low volume that dropped the price over .50 cents. I understand the selloff is happening market wide and obviously within our sector. These big declines in some of our competitors were well deserved as a company like EBET reported millions in quarterly losses and were trading as high as $33 or so at the end of 2021. They've received an over 55% haircut in price in January and although we've gone lower in price as well, once this selling dries up, hopefully smart traders will drop some of their money from elsewhere into GMGI where profits not only have continued for 13 straight quarters but now have the capabilities since their acquisition of RKINGS to grow profits exponentially. These ridiculous spreads of .35 cents make no sense. If one is willing to slap the ask with a large spread like that when there is little volume, they should follow up their buy with some bid support close to their buy. Buy half at the ask price and half a few cents cheaper than your buy on the bid. We all want to see our investment increase in value and it's not going anywhere with the trading pattern here.
PokerStar
This morning's 1 million share block buyer @ .0399 must be tickled pink.....down $7 grand in 3 hours. When will AXXA step up and release all this news that they have been anxious to tell us all about? This us getting ridiculous.
PokerStar
Unbelievable actually. All this nonsense after breaching $1 early in the new year. Couldn't hold .50, so I'm expecting to see .35-.38 again. For those about to attack me for saying so......none of us expected to see this below .75 cents again, yet here we are!
PokerStar
I hope you're right. It seems like lately, every time we try to pop higher, they sell it down even lower. I don't understand it to be honest with you. I get the fact that the market is very sketchy at the moment, but you'd think a gem like this would be getting bought up down here. So much potential and the fact that we are 2 weeks removed from trading above $1.00. None of this makes sense to me.
PokerStar
Agreed, yet this manipulation continues to stymie our upwards movement. I just watched 500k slap the ask up to .038, then they dumped 45k into the bid @ .0361. That's why we need to follow up big buys with bid support at that price, otherwise they keep playing this game. I'm getting sick of it!
PokerStar
Agreed. Unfortunately, with the interest hike fears and the overall market weakness, it'll be hard to find the buying interest. The ongoing manipulation that has been ongoing by a group or by shorting MMs for more than 2 years continues. If they can push this back down to .35 area before starting to cover, they will. Retail doesn't have the capabilities to fight them off. If this breaks .50 cents, I'd say it's pretty much guaranteed they drop it to .35 cents. IMO.
PokerStar
Anything purchased here will be handsomely rewarded. You'll be quite pleased when we're trading above $2.00 against soon! IMO!
PokerStar
Good morning Trademax! I just noticed that PUMA, after sitting in the .28s all morning just raised his bid to .34. He's top of bid and ask again. Now is a good time to see a surge of buying and ask slapping.
PokerStar
With everything really starting to fire on all cylinders with the company, yesterday's great interview with lots of meaty nuggets, confirmation that Nasdaq uplist issues were satisfied and yet, the small wall of 5,000 shares @ $6.50 is holding back the price. We've had a couple of 20K block ask slaps in the past few weeks, pushing us to almost over $7.00 in one big buy. We could use a buyer like that today, but thus time, use half to take out the block on the ask, and put the other half on the bid, at least for a while, to see if it entices more buying. If it doesn't, you may get more at a discount. We need to get more in sync here with the trading and trade smarter to allow us to maintain gains and end the months long attack on our share price. We've grown the company by 200% in terms of revenues, while continuing to remain profitable for 13 consecutive quarters, yet, our share price has been slaughtered while all this growth has been ongoing. Every great announcement has been met with selling and lower pricing. Those days are done and once we get the imminent uplist announcement at any moment now, then Nasdaq traders will give GMGI the love and share price increases it deserves as great news continues to flow.
PokerStar
We are more than overdue to bust a move north......a break of .0435 should signal some serious buying and a reversal just warming up.
PokerStar
I'm looking forward to that day! We just took out this wall @ .037 and with .0395s on the ask, these stupid douchebags throw more up on the ask @ .037. Why sell @ .037 when you could easily get .038s or .039s? This is obvious manipulation or one brain dead trader!
PokerStar
PUMA has been a thorn in our side all week. Without official news from the company, these crooks will do what they do. They try to keep a wide spread and that large spread allows then to manipulate the price on low volume. Because of their games, some lost patience and sold a few and others are losing patience. I said it before in reference to the block sellers holding this back but it also pertains to crooked MMs like PUMA, manipulating the price.......if they want out, remove your bids and let them come down lower. Two can play their games. They try to entice selling by putting up blocks on the ask, and we can reply with showing no interest in ask slapping and weak bids with even larger spreads. They want to sell their block at .35, make the best bid .22. Eventually these fools will sell and longs get some cheaper shares before we get official news. The other option is to slam the ask hard with lots of volume, but without the company's help, I'm not sure how to get the spike of volume needed. I prefer to slap the ask hard, but I'm only 1 shareholder. I need lots of help!
PokerStar
Well summarized Britt. I'm with you....best interview Brian has ever done. So much continuing growth all around. The future is certainly bright for GMGI shareholders. The coming weeks and months should see us regain the $10 mark and beyond. I look forward to being on Nasdaq and having great news reflected in the share price. Something that seems impossible while on the OTCBX or at least has been the norm here for the last 6 months.
PokerStar