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I bid sat yesterday, now I am buying at ask. Can anyone help me take out the 5's?
Looks like you're ready to break out over here. So many other pennies begging for volume...SSWC getting it here. Finish the baby churns and off you go IMO.
Thank you f_c for providing your insight into what is possibly going on here. There is one component of this theory that doesn't make sense to me though: when a stock oscillates between 0001 and 0002 for several days, how could it be flipped? Don't they have deal with the disadvantage of the b/a spread just any anyone else? Do you mean the MMs are flipping?
Hey scriz, doesn't it feel like an inordinate number of micros are in our same position - good potential investments just waiting for volume? But the larger cap market has been moving nicely. Do you think there has been a general migration away from pennies and back into blue-chips?
I have a working theory that the recession tempted more folks to play the micros like lottery tickets hoping to counteract their dropping 'conventional' portfolio. If so, maybe that trend is reversing a bit. Do you know of a sub-penny index or ETF where I can monitor daily volume to test this theory? The broad OTC index has too many larger cap stocks to use for this purpose.
Answers to those questions have all been discussed in previous posts.
1) They are likely trying to be sensitive to Teco's desires not to release details until they are out of the testing stage.
2) The Financial sites that list share structure apparently must see it self-contained within an 8K or 10K before they will make the change.
Thanks. Seems like b/a on OTCmarkets.com is staying pretty accurate for EVRM even without live L2.
This looks like yet another promising penny that the MMs will not allow to move up until they are ready. I do wonder how much buy volume it will take to initiate the covering needed.
Can someone with L2 post the Ask right now? TIA
Yes, thank you! Not accusing anyone of relaying inaccurately...was just making sure everyone is aware of its importance.
Wow, great buy IMO! If it drifts down there again, maybe even *'ol* DrZ can find it in his heart (and wallet) to add more shares. :)
And if you don't mind Cabroncita, I would like to emphasize the importance of precise communication with any call to IR. If they want to win me over as a large investor, the new company needs to demonstrate honesty and sincerity to their shareholders.
I am a stickler for words. For example, if one of us relays Francis said,
"...the E will be taken off for sure today". Was that exactly the words used? Because that has shown not to be a true statement.
If Francis said, "we have resubmitted the 10K to OTC and believe the E should come off very soon." ....that is an update I can live with.
For our part, let's relay their words as accurately as possible without embellishment. This will make it easier to determine if they are only saying what they think we want to hear (vs. the truth).
TIA DrZ
Right, and I'm not saying it couldn't break out...just surprised the big volume hasn't done that yet.
Before shouting about .001 you should focus your attention on escaping the black hole @ 0001. How can you have this much volume and still not move?
Totally hope you are right. I've come to hate gapping on a bull run because too many chartists believe that it must come down and fill. IMO this theory has become a self-fulfilling prophecy: enough people believe it, therefor they (as a whole) make it happen.
LOL, that's the spirit! Make some quick cash on sham companies so you can move it to a REAL one, IFXY. How do you think I obtained the money to buy x_million Infrax shares!
IFXY please. Thank you for holding this contest - it's fun and provides some cool trading ideas.
Okay, I'll agree the Falafel character pumped and dumped so shamelessly I thought he should have been banned from iHub permanently. But a shareholder P/D-ing and a phony company created solely for that purpose are very different things. Falafel cashing out is not proof there is nothing here. We would still be seeing messages from Cowboy Dennis, but he can't post anymore either.
Avejoe, this would be a great time to sticky an quick summary about everything currently known with the Playbox situation - just a suggestion if you have the time.
Be careful about throwing that term around, it is irresponsible. What research have you done about the new company? If you are buying because of someone shouting:
[ticker symbol] will go the the MOON next week!!!
and they have nothing to back up that claim, then you deserve to lose money.
After your dd, make a decision. If you believe the new PYBX to be a fake, then sell. If you believe they have something big potentially brewing, now would the time to BUY, not sell.
Honestly, that sounds like a reason to buy some more QSGIQ! Let's see: with the same amount of investment money I could own 100% of a bankrupt company, or 13% of a multi-million dollar growing and profitable company? Hmmm, which one to choose...
It is. Keep reading the subsequent messages.
I really like the MACD crossing you show there....curling up from (not too deep) below the 0 level and meeting the signal line near the bottom of its arc. I'd say that is textbook.
I have 750K shares here. Not a huge holding for me, but enough to make some decent money when it's go time.
I have to admit, it is fun to be able to single-handedly move these sub-penny low floaters. When trading the big boards, I could buy $10,000 worth in one chunk and it didn't even budge the price. Here our buys really MATTER :)
plays with the stock way too much
AL-TEC....AL-TEC....AL-TEC....AL-TEC....
The ask probably didn't move after that small bid-whack, correct? I guess new buyers will have to pay .10/share for the foreseeable future.
Now that same MM is on the Bid too so things look more normal. I hope the folks with the conviction to pick up those 10's and 11's after the panic sellers left make nice profit when the E is taken off!
Wow missed that quick dip. Did one of you catch those shares?
When board newbies show up asking about buying IFXY, I think we should stay vigilant about informing them of the repercussions of buying even tiny amounts at or below Bid. If they still want to do it, okay, that is their right. But I am sure many do not intend to affect the daily price action like this.
Look at MM BMAS undercutting everyone by two ticks on the Ask, yet without any bid offer:
http://www.otcmarkets.com/stock/ATPTE/quote
Now look up iHub archive for info about what type of MM BMAS is. Connect dots...
Mod oldbee took a stab at it here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=55821309
What has made the ss so hard to calculate is all of the shenanigans done by the previous old ownership between June 30 and Sept. I am getting ready to contact IR myself and see if we can't nail down some of these unknowns.
Thanks for the info. In truth, I am still in "wait and see" mode...researching and trying to understand exactly what we have here.
I only want to buy in bigger quantities so I will wait.
Okay, well I thought you were asking 11. So now you are set higher than 12 and STILL not getting filled? Give it a few more minutes, but that is very strange...
Are you trying to buy? Last trade price would probably have to drop to 10 for your 11's to activate. Until then (and I'm not saying that will happen), a 12 would get filled.
Kind of bittersweet for us shareholders because on one hand, we are dying to KNOW exactly what they are doing. On the other, we should also appreciate how careful they are not to say anything that can be misconstrued as inside trading information.
The condition is exacerbated further because of the industry Infrax is in. Their products are important to national security and I'm sure there are potential competitors dying to steal some of their innovations.
Interesting thought. Or perhaps this is some unscrupulous short covering.
You're right, that looked kind of weird. How can the last sale come in @ 11 with Bid offers well above that?
On the last run you had those 10-Bagga guys bringing some momo. Now ICTY is back to some of those early levels. So two things I wonder are: what is going to trigger the volume you need, and what can the company do to hold PPS increases?
Read my next post please:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=55822585
Even in the other post I wrote "as of their last filing". This is what all stock sites use as 'official' numbers until it is updated in the next K. As of this moment, the working OS and float is bigger...I have already acknowledged that.