Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
You couldn't be more wrong. Weak Hands Definition: A term referring to people who believe that declining markets will decline further because traders with long positions are not bona fide hedgers and will not accept delivery but will sell before maturity to reduce their risk.
Weak hands are not people who sell for profit. Weak hands are people who sell after a stock goes down and they don't think it is going to recover.
It's not about BZCN, you're just using the wrong terminology.
Weak hands are when a stock goes down, and people who are scared that it will not recover end up selling.
Buy Low Sell High is not a weak hand if he sold, he made money. It's called taking profit.
2 mil at .0008, first buy in an hour
Don't regret making money bro ;) it's never EVER the wrong move to sell for profit.
lots of afternoon selling, but bid builidng 5x4
Moving 3 ticks with almost 10 Billion O/S is fine. The movement is OK because people are taking profit. Here is what I think about dilution:
The company has an Authorized Share count of 10 Billion.
I believe the Outstanding Share count is above 8 Billion.
I think that the company dilutes as it sees fit, I mean, it only had under 5 Billion shares this time last year, and now there are billions more.
But they are generating sales at this store and want to open another. I just don't know how they can pay for that store without diluting shares. I mean, $40,000 in sales is nice, but at .0005 that's only 80 million shares. It's not like that's $40,000 of straight profit either. Gotta pay the workers and other expenses to run the store.
With BZCN, I used to hold 1.6M at .0037. I would have sold 1 Million shares at .0008 and held the rest for fun if I hadn't sold them all at .0004 and .0003 a month ago. My advice to any who bought in below .0005 is to at least sell what it cost you to invest, leaving you with free shares. With a company that has 10 Billion outstanding shares, it only makes sense to take SOME profit here if you are up 100%.
looks like if this is gonna keep moving up you will see some consolidation between .0007 - .0009 so you can weed out the flippers from .0003 and .0004 area.
right, i am saying the stock has the ability and capability to get to .0025, and very well could. i just think it stops at .002 or .0021, yes
that is correct
relative? either way i'm right? what are you talking about...it's called an opinion...i didn't say "BZCN does NOT have the ability to reach .0026!" I said "in my opinion i think it stops at .002/.0021"
What problem do you have with my opinion? How would I be "always right?" If it touches .0022 that would make me "wrong"....I don't follow your train of thought here....
you didnt "WHIPE" the 4's this week, it took over a month
i didn't say it couldn't get to .0026. i said i think its going to stop at .002/.0021 tops lol
ICOA is a bad example, they just reverse split to the dollar range and tanked their stock to NO BID where it had a hard bounce to .002 range. ICOA is NOTHING like BZCN
careful for your greed man. 0018 is 600% for you if your avg is .0003. It'd be a pity to wait for .0026 just to watch it tank after .0021. I'm not saying it won't get there, i'm just saying, don't be upset with 600% profit. be greedy when others are fearful, not when others are greedy.
after that resistance is at 9 and 11 then blue skies really until wherever it stops :) which in my opinion is like .002 maybe .0021 if you're lucky
6's could fall relatively easy, 7's next biggish-resistance
Ha you may stop posting on all boards soon then Miami. .002 tops here bro
yes quite impressive break and close today! :)
Me, and it was major resistance, i wasn't lying. It was an impressive break and close today.
yup! :) GLTU
yeah i just don't think it will get that high due to the huge increase in outstanding shares...to each his own man..
because theres an insane amount of outstanding shares compared to last years run
LOL BZCN doesn't hurt me in anyway. I didn't take a loss there. The fact that I "missed the boat" means nothing to me. I think there's heavy resistance at .0005 and if it breaks its good for a double maybe a 3 or 4 bagger IMO
are you not saying the same things you have been saying about BZCN since you bought? I sold, but i've been saying the same things about it since i bought
gotta break thru the ridiculous resistance at .0005 first
.001 - .002 tops IMO
Dee, the float is MUCH higher than you think it is. I don't know why people risk their money with this stock during these times.
Dee, you can't be serious, the market is closed LOL
it is not
Why isn't Genta on this list?
http://investorshub.advfn.com/boards/board.aspx?board_id=3017
Yes, the rest of this year will prove to be good i think.
Bundles, Smitter said he would scoop when the stock is subpenny. That was before the reverse split. Now, we have split, so he is waiting, because subpenny is no longer as close as it used to be. His prediction wasn't split-adjusted.
What are you trying to prove? We here at the Genta board have been 100% correct about the movement of Genta. If only we could have all shorted it along with Ray.
well well well i think it may be time to start looking for a bottom for Genta eh?
Nice, you're one of the people who has been buying this entire drop. I would never throw my money away like that. Good luck.
How is that news any good? Why isn't the price going up?
yeah it's too bad. Overall Survival looks good still but when will the drop stop?
no, they sign toxic financing to stay afloat. always works, why wouldn't they do it? win/win situation for the noteholders, and Genta, and that's because their CEO is one of the people who invests in the dirty financing himself. and they have permission to short their own stock per the SEC filings. they won't go BK, it only affects shareholders for them to dilution to 6 billion and reverse split, not the noteholders, the shareholders.
Well, during the last run there were 33,836,293 shares traded in those two days.
I saw one 3M share trade at .016 when the spread was .017/.0177 on the first day, and I saw another 1M share trade on the second day at .017 when the spread was .019/.0197. So I'm going to say that is dilution IMO. Which I am fine with, it was only 11.82% of the shares trade.
Since the run, the pullback has produced 14,243,905 shares, (not including today's puny volume) and in the last 2 days, there were under 1.5M shares traded. So the volume has come and gone, but it has left us with these numbers:
RUN 9/8 - 9/9
-----
33,836,293 shares traded
PULLBACK 9/10 - 9/15
-----
14,243,905 shares traded, 42.10% of the run's volume.
This means that 57.90% of the shares are still being held. That's impressive.
Welcome, longs . October will be a great month. New website coming within the next 45 days from what I've heard.
obviously not many people, the volume is incredibly low