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$COMS seems greatly undervalued at this price.
True. Stopped at $0.17. Resistance is slightly higher.
Good question. What is the short interest?
Could happen. Support line was ~$2 for years.
What happens to $NOHO shares now that $SNNC bought the company? Usually, the acquired company spikes in price during an acquisition, no?
FYI, $NOHO was recently bought by $SNNC.
Valid points. Stocks behave erratically in bearish markets.
Is $MARK somehow associated with Trump SPACs?
A recovery on this one could be epic.
What options do they have other than reverse/split?
Looking for a reversal soon, hopefully.
Facts.
Legislators have been as slow as molasses.
Whatever gets the votes, I guess.
Ouch, that sucks.
Hoping for a recovery soon.
$BKKT held at the $10 range last year.
Gotten a bit worse since then.
What's new for $BKKT?
AGAIN with "the Martins." You can e-mail them.
Could this stock ever recover?
Good you got out when you did then.
In which ways? Haven't seen much news lately.
Didn't this used to be called $PROG?
Didn't happen, but maybe soon?
$BEST seems undervalued at this price.
Good data to have.
This gets posted quite often.
Just curious... why $5? I was thinking $10+.
Some stocks haven't been as low in decades.
True. The pendulum swings both ways.
Not just yet. Perhaps soon.
No reverse/split?!? Glad I could clear that up!
Good deal. Retail investors have to look out for each other. We are minnows in shark-infested waters.
Great resource. Covers many pros/cons to unlit exchanges.
Questions are in bold, followed by my answers.
I assume that a Schwab account of some sort is required to see any trading data at all, correct? [I.e., there is no Schwab equivalent of ihub or otcmarkets or another source that provides free trading info.]
It depends on which data you want access to. Real-time bid/ask quotes and bid/ask sizes are available on participating brokerage websites for NASDAQ and NYSE stocks, as well as OTC stocks and cryptocurrencies when applicable. For example, Schwab provides access to NASDAQ, NYSE, and OTC stocks, but not cryptocurrencies. Robinhood however provides access to NASDAQ and NYSE stocks as well as a select few cryptocurrencies, but not OTC stocks (last time I checked, anyhow).
You also seem to be saying that there are levels of Schwab accounts -- maybe a basic 'free' account, plus others you pay for to get more services -- but that even a basic account provides BxA that shows 1.3B on the ASK (unlike my TDA account that, at the moment, now shows 642M on the ASK).
I'm not sure why there was a discrepancy between Schwab and TDA's data regarding $RNVA today. As far as Schwab, there are paid services available but I don't take part in any of them. Even my free Schwab brokerage account provided the BxA that showed 1.3B+ on the ASK for $RNVA today.
What sort of "depth of data" is available through L2 from that premium service, i.e., how is it different than what I see via TDA's L2 (just a list of MM with total amounts listed, which are not otherwise broken out by individual sell/buy orders)? Or have I just now answered my own question, that premium data gives a break-out of individual orders, if only by size if not [also] by actual trader identity?]
Level 2 (L2) is also referred to as the "order book." Some brokers and/or websites offer access to the order book for a premium. Arguably, the main thing people want access to through L2 is pending orders so they can gauge buying/selling pressure in an effort to predict future price action. NASDAQ provides that data openly whereas access to that data for OTC stocks usually comes at a premium.
I'm still not clear on what you mean by "unlit exchanges". [Are they run by 'Dark Lords' of some sort? Or have their traders just run out of matches or lighter fluid for their smokes?]
Haha! Dark Lords... I guess you could call them that given how they conduct their business. They do shady stuff in highly unregulated environments, so that moniker fits just fine.
I'm also not sure why block order BUYS (on the ASK) are responsible for stagnation in price action, as buy means someone bought shares on the ASK (right)? Or are you saying that buys are happening but are not being shown in public (on "unlit exchanges(?)', somehow -- isn't that illegal?), so it doesn't look as though there's any demand for the stock, which in turn would push up the price?
To the second question... yes, most likely. Concealing a surge in buying volume suppresses the price action. Illegal? No. Unethical and perhaps even immoral? I think so.
Re the brief run-up to .0004 -- what killed that? Was that a mini-pump, where the pumpers dumped into the .0003s and .0002s to kill the run because they knew RNVAs real value was, essentially, nothing and that .0004 was as high as this would ever get? And what made the exchanges for those transactions "lit," compared to the "unlit" exchanges that (you are suggesting) are hiding any real action now?
Hard to tell, exactly. Lots of dark corners in the stock market that we don't have access to. I know that when buying pressure increased on 10/7/22 (before the brief run-up), I called attention to transactions shifting to unlit exchanges here and here.
It still seems to me that the HUGE amount of shares on the ASK are broadcasting the message: "Don't even bother buying this, as anything you buy at .0001 will NEVER chew through the ASK in order to be worth more."
The suppression of $RNVA's price action could be to keep it discounted and off the radar until institutions are done accumulating. Just speculation, of course.
And, that makes me wonder why whomever is selling so many shares on the ASK is bothering to do so, given that it kills all initiative -- even if just by lotto players -- that would raise the price enough for a BID to dump into.
Some people have been consistently buying $RNVA at $0.000001/share and selling it for $0.0001/share to retail investors. That's a hundred-bagger, as in $100 easily becomes $10,000 with a few button clicks. As soon as the bid/ask becomes $0.0001/$0.0002, respectively, that scheme will come to an end and they might let it run. Again, all speculation.
Thanks for the chat. Just trying to git a edgimication.
No worries. I don't know everything, but I'm learning more every day. The mods and admins here have allowed us to stray a bit off topic from talking solely about the stock in question, so for that I'm thankful (provided this post doesn't get flagged).
[BTW, love your username, but no I won't, thanks.]
Thanks. Best not to. Trust me on that, first and foremost ;)
...oh, and open a tradingview account if you haven't already. It's free and helps greatly with technical analyses. Charts that reflect price action history are indispensable.
Granted. Common verbiage in most safe harbor agreements.
Finally, a discussion worth having on iHub. Sure, Schwab is presently showing an ask size of 1,387,074,500 on both the brokerage website and StreetSmart Edge (SSE). SSE is Schwab's proprietary alternative trading platform, albeit outdated, that offers a little more data than the brokerage website. So, yes and no. While SSE shows real-time data (even for OTC transactions), it doesn't provide the depth of data available through L2 which is considered a premium service that often incurs a fee.
Just to be clear, the stagnation in price action occurs when block orders (in particular, buys) are transacted on unlit exchanges. Otherwise, a high volume of buys on lit exchanges would pressure the market maker(s) into increasing the price per share (PPS) in response. Case in point... during the relatively recent spike on 10/10/22 when $RNVA hit $0.0004, a majority of the volume that day consisted of buys on lit exchanges which affected the price action positively. Since then, activity has shifted back to unlit exchanges in order to inhibit a reversal of market structure.
So... all we can do is wait.
Different platforms offer different data, for some reason. Regarding the second question, that's opening up a whole cannery of worms regarding the corruptive practices of the stock market industry which regulatory agencies like the SEC turn a blind eye to. In a nutshell, market makers transact institutional block orders on unlit exchanges, or dark pools, in order to stagnate price action and conceal price discovery. Also, that's where those cute $0.000001/share orders of millions can be bought and later sold at a premium to retail investors on lit exchanges for $0.0001/share.
Ask size, 1.3 billy. All unlit transactions today.