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Well over 1.2 million shares at .027 last 15 minutes. Consolidating nicely at the ask. Bid not getting hit too hard. If this desn't run more today, it will tomorrow.
Smart move, today is just the beginning of a big run. A dime will come in time, LOL..
This is just out also from First Penny Picks, which is a non-compensated service.
MediSwipe Inc. (OTCQB: MWIP) is now up 1000% from our October alert at .0025/share. Normally we would say Congrats, but we strongly feel that is not in order yet. With the spin-off of 800 commerce still approaching and MWIP's official re-entry into medical marijuana card processing and proprietary technology. This is just the beginning of a true monster in the making.
MWIP is truly a good example of why FPP was started and what we look for in a micro-cap company!
Stay tuned for a new due diligence report next week and updates on stocks in play!
http://stockcharts.com/h-sc/ui?s=MWIP&p=D&b=5&g=0&id=p81004297881
New email from First Penny Picks
MediSwipe Inc. (OTCQB: MWIP) is now up 1000% from our October alert at .0025/share. Normally we would say Congrats, but we strongly feel that is not in order yet. With the spin-off of 800 commerce still approaching and MWIP's official re-entry into medical marijuana card processing and proprietary technology. This is just the beginning of a true monster in the making.
MWIP is truly a good example of why FPP was started and what we look for in a micro-cap company!
Stay tuned for a new due diligence report next week and updates on stocks in play!
This is a rare one. Everything about this company can be verified. Your .10 cent guess will become reality.
$MWIP Talk about sizzling, look at this one only if you like making money..
http://stockcharts.com/h-sc/ui?s=MWIP&p=D&b=5&g=0&id=p00827913783
$MWIP Look at this one only if you like making money..
http://stockcharts.com/h-sc/ui?s=MWIP&p=D&b=5&g=0&id=p00827913783
$MWIP Only look if you like making money.
http://stockcharts.com/h-sc/ui?s=MWIP&p=D&b=5&g=0&id=p00827913783
$MWIP This one's going a lot higher.
http://stockcharts.com/h-sc/ui?s=MWIP&p=D&b=5&g=0&id=p00827913783
$MWIP Look at this chart.
http://stockcharts.com/h-sc/ui?s=MWIP&p=D&b=5&g=0&id=p00827913783
Look at the chart. Look at the nice rounded bottom and the breakout above recent highs. Look at bottom indicator which is the ADX line. The ADX shows trend. We have a strong trend here. I would guess 3 cents in a week or so.
http://stockcharts.com/h-sc/ui?s=MWIP&p=D&b=5&g=0&id=p00827913783
You got your 10 million and more first hour.
$MWIP Look at the ADX line at bottom of chart. ADX shows trend.
http://stockcharts.com/h-sc/ui?s=MWIP&p=D&b=5&g=0&id=p70633215932
I'm in at .0185. I could have bought at .0159 but I let indecision spank me. I hate it when that happens.
Wow, end of day drop came on only 388,000 shares from .0187 to .0172 and back to close at .0179. Very light volume took it down. It went from .0185 to .0189 on 812,000 shares. Some very large buys took it up. Normally that would indicate we will return to .0189 and above in the near future.
Total buys today were 6.8 million, sells were 5.6 million and unknowns were 900K. Unknowns are usually buys between bid and ask.
http://ih.advfn.com/p.php?pid=trades&symbol=MWIP
http://www.marketwire.com/press-release/elite-traders-group-reports-on-three-big-potential-winners-medical-marijuana-industry-1741782.htm
I hope it is okay to post info about OTCQB stocks. I know you don't allow pinks. If I am in violation, please let me know.
This is from First Penny Picks this morning. Note, they are one of the few UNCOMPENSATED penny stock news letters out there. See link at bottom of page for their disclaimer. This is what they said about $MWIP:
MediSwipe Inc. (: MWIP)
MediSwipe, Inc. provides payment processing and financial services to medical businesses. The Company offers a spectrum of transaction processing solutions using traditional, Internet point-of-sale, e-commerce, and mobile (wireless) terminals in conjunction with industry alliance partners. This company has experience in providing payment and financial services for medical marijuana companies and is in a perfect spot to benefit from these new markets.
In addition, MediSwipe Inc. is in the process of spinning off 800Commerce Inc., which engages in the development and distribution of wireless applications through mobile marketing platforms that enable any business to integrate brands, promotions, video, and other digital content through the Internet and mobile devices. All shareholders of MediSwipe Inc. will receive a share dividend with the completion of the spinoff.
This company stands to be the best of the bunch. We believe in this company so much, we actually alerted Mediswipe Inc. to our early alert VIP members on Oct. 12 when it was at .0025/share. It is currently trading at .015, a gain of 500%. To find out more about our VIP early alert service, please visit: http://www.firstpennypicks.com/vip-membership/
http://www.firstpennypicks.com/
$MWIP making a good move today. Ready to break above recent high of .0199. Look at ADX trend indicator bottom of chart.
http://stockcharts.com/h-sc/ui?s=MWIP&p=D&b=5&g=0&id=p53022917706
Divy, thanks for your response. Just wondering if you know the terms of the pending spinning off 800Commerce Inc. MWIP holders are to get shares of 800commerce?
TIA
Question for this board.
Just wondering how this company can be into so many things, offering so many services with only three employees? Not trying to bash this stock, just trying to understand and do some DD.
Never heard of Keytrade, what country are you from?
Does anyone have IB, or Interactive Brokers? I know you can short penny's with that broker.
I agree, TDA is probably the worst when buying penny's. What gets me, is there are a lot of sub penny's they will allow you to buy. I just don't understand their thinking.
I wasn't sure of actual outstanding, that was just an example.
I understand and was not trying to insult, but rather to educate. Now you know how to calculate total market cap.
Happy new year to all.
Thanks for your response.
Again, that figure has nothing to do with actual company value. All shares outstanding, including restricted shares will at some point be sold into the market which will add them to the float. They must be used to figure actual market cap of any company. Just for numbers, if this company has 4.5 billion outstanding and a closing price of .0287, then this company's market cap is 129 million, 150 thousand, or 129,150,000. It's that simple.
Thanks, Ameritrade is starting to restrict more and more penny's as time goes on.
I understand your thought line, but that explanation is for figuring the cap within an index to value that index when all free trading are added up.
I have been in the market for over 20 years and know these things. This is also from Investopedia which refutes your thought, but not what you posted. You are not reading and understanding the link you posted. The explanation and link below is correct and is also from Investopedia.
Calculating Market Cap
Market capitalization is just a fancy name for a straightforward concept: it is the market value of a company's outstanding shares. This figure is found by taking the stock price and multiplying it by the total number of shares outstanding. For example, if Cory's Tequila Corporation (CTC) was trading at $20 per share and had a million shares outstanding, then the market capitalization would be $20 million ($20 x 1 million shares). It's that simple.
http://www.investopedia.com/articles/basics/03/031703.asp#ixzz2GkHyddkE
http://www.investopedia.com/articles/basics/03/031703.asp#ixzz2GkHyddkE
http://www.investopedia.com/articles/basics/03/031703.asp#axzz2Gk6fdFGJ
Just wondering if you guys would post your broker. I have Ameritrade and they will not let me buy this stock. When I tried, this is the note I got:
Order cannot be processed due to a DTC chill restricting the ability to transfer a security and settle the trade.
Since Ameritrade is the largest broker by far, that is gonna hurt this stock at some point.
That is not true, market cap is calculated on all outstanding shares including those that are restricted. At some point in time, all shares restricted or not will enter the trading float.
http://www.ehow.com/how_7503400_market-cap.html
I've got news for you two shorts, this stock is highly undervalued no matter who the CEO is or does. Once this breaks above the 50 day you shorts are toast!
Our day is coming, just hang in there. Stock is trading between 50 and 200 day M/A's. It's trying to break above the 50 day but continues to fail. In doing so, it is building strength. The more it tests the 200 day and fails at about $5, the stronger the move up will be once it does break above and closes above the 50 day. Right now, those two moving averages are in control.
Have a good weekend..
I feel your pain, but I have a $4.78 average so my pain is not as severe as yours. That said, there will be news that drives this stock back to previous highs, like EU approval that is coming. Also, technically, this stock is at support and is consolidating at this point before making a move back up. Most likely any move will start after the new year. Many investors and traders are sitting on their hands waiting for fiscal cliff issues to be resolved. This is one stock that is highly undervalued and will appreciate in time. Just be patient.
You still around here Cap? I told you guys this CEO would ruin this stock, and he did.
Looks like bottom could be in, bounced off the 200 day.
Make much in the markets?
LOL, best of luck with that!
If M&M's are net short a position after a recent run, they need to cover because those short positions were created to fill a market that was lacking sellers on the way up. To fill all the long share requests, the M&M's naked shorted shares to fill longs orders.
As volume decreases when the run starts to peak or slow, M&M's can buy and sell between them lowering the bid and ask as they do so. Then panic selling among longs can contribute to the shake speeding the decline as M&M's buy those shares to cover their naked short positions.
That was a pretty good post, but that won't help the share price before it bottoms under $7.