Swinging
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If we can manage to keep this going, whatever a-holes have been selling those shares the last couple of days will buy back in. That will only happen if the pressure stays upward. They all sold to buy back in lower. Don't let them.
That's the theory I like, but of course, I'm on a bullish play for BFHJ, and this theory fits my motives. We don't really know anything for sure.
looks good, but who knows how many more shares are in that 12 ask.
I'm not saying you're wrong, because I have nothing to back me up factually, but if they were trying to dilute, and get the best "bang" for their buck (most $$$$$), don't you think they would have sold their restricted shares at higher, pumped up prices? All the sells have been at or below the bid on a generally falling PPS. Anyone with a brain would want to release positive information and then dump shares in the run to make more money with less overall dilution.
Just my thoughts.
what makes you think it has been diluted
what's with this crap at 12?
who is selling, and why?
This is a real panic situation we have here folks.
Huge selling. Very bleek future....
joke
Hope you know something my man. ^^^^^^^^^^^^^^^^^^^^^^^^^
Last post of the day. Hit that ask.
is anyone having a tough time getting filled on the ask?
Me thinks CSTI is low on shares.
I wonder if the big seller at 12 is not at 11 buying
cool man. wait until the bell to do it so we don't get whacked.
No Ts ay?
If we had this volume at the open, we are damn near .002. But that's not the prerogative of whomever is doing all this solid buying.
What makes you believe it's here4
Also, if the volume keeps up and we get Ts this afternoon, we're looking at a 40+ million day.
what is with all those idiots selling at 12? GL getting back in, imo. For the record, I hate CSTI with a passion
lol at the bulls here. wtf.
We were in just a delicate squeeze there at 15, and the company made a move which dictated us moving to the south. It's not to say the company could have avoided the sportsbook delay, but the shorts now have control over the weak, IMO.
All the buying is on the bid. Not good.
wow, someone is taking a ton of shares. I thought with dumpage like that we'd be down 3-4 tics.
3@12
3@13
3@14
2@15
this l2 has the makings for a green day.
I'm curious to see how the market reacts to this news.
We'll see.
Ts.
DD's volume analysis supports this. We may be in for one hell of a ride some time soon. If everyone holds their shares.... we could go higher than anyone ever believed possible.
I'm not sure you'll have that chance. But time will tell.
I agree.
It looked thin going down, but people were just waiting on the sidelines to make their entry. When others saw their bid buys were not going to be filled due to minimal selling (really only 1 or 2 big dumps), they were forced to buy at the ask (and frankly, 13 and 14 is a dream price imo). As soon as that pressure started on the ask, all the people waiting on the sidelines to see how low they could get in decided it was time to put their bid in.
It wasn't thin going down... we just needed a little buying pressure to make people realize the ship wasn't sinking. People who sold all those 14s are going to be kicking themselves.
I wish I could. I really don't want to put any more funds into this. I added last week.
Yup, and remember:
Just because the PPS decreases doesn't mean the number of shares you own decreases......
PPS only matters if you plan on selling my man. If you know all these good things are happening, PPS is trivial in the short term.
Relax and give more time.
We never ran from 13 to 20 when sportsbook was supposed to be released. Also, the outlined release time has come and gone. We saw 2 big sell-offs, and all those shares were absorbed by new investors. Anyone who is/was going to panic on the lack of sportsbook release already has IMO. Any more selling would be just a lack of patience. We moved down on low volume. Today was the first day we saw some considerable buying pressure at the ask. I presume it was new investors taking this as a entry point.
I'm still not really sure who all those 14s were. It wasn't a completely "Fake wall." It took a decent amount of pressure to knock a few of them down. If we had that kind of buying a few days ago when we sat at 15/16, we'd have moved up 3 tics.
I don't believe any PRs will come out until all these Ts are finished. We don't know when that will be, because we don't know why and who the shares are going to. There has not been a ton of money transferred in those Ts, only a lot of shares. As I've said before... Someone is taking these shares at a cheap price and believes they are going to be worth something. The amount of dilution from them will depend on when and how much are sold... and at what price. If someone is involved with the company, and is trying to actually make some money on their newly acquired, they'll hold as long as they believe the company is undervalued. There may be restrictions involved with these shares. We just don't know.
But again, these Ts are being traded at a pre-set price, so the PPS needs to stay here until all transactions are finished. This is all going off the theory that these shares are being used to buy property. If that assumption is not correct, my logic is flawed.
Hmmm...
who thinks all those 14s available today were flippers trying to gtfo of this thing while they could still take a 5-10% loss?
I do.
You're right. We keep thinking it's right over the next hill. But I've conceeded to holding these shares for at least 6 months. I don't think we'll have a good idea of what this company will be worth for quite some time. It takes a while to expand. As I said yesterday, this is a new venture for this holdings company. Everyone who owns shares is GAMBLING on the idea that this company will be successful in the future. Sportsbook is not going to make or break success. A PPS being .0008 or .008 is not going to make or brea success.
We'll know we are successful when the company is making money, reporting revenues and continuing to gain leverage in their market.
5 cents.
I can't believe how many shares were in the 14s... it doesn't make sense. Why weren't these people lined up to sell at 16, 17, 18...
people will be kicking themselves.
I'm way past sportsbook. The PPS won't even do much with its release unless they throw some other news in with the PR.
I'm here for the uplisting and all that it entales.
There isn't really much selling going on... just not a ton of buying either.
All those 14s on ask are a bit strange. I wonder why we see so many at 14... where were they when it was 15, 16, 17, 18...
Thanks man. That's a great link.
That was my point. That's why a dump doesn't make sense. They are not releasing a PR on purpose. These Bid Ts need to happen for a reason.
The only way we lose is if the whole things is a giant scam... Which I think is not the case considering the factual evidence we have. So we may see some dark times... I've already come to grips with that. I'm down a similar amount man, so I feel you.
Why would the company dump their shares when they could very easily create false or embellished PRs every week to drive up the price... THEN DUMP. It doesn't even make sense. They'd have to be complete idiots to think this is a good place to unload their shares and run off to the hills. IMO, at least do some real pumping, get it up into the 3s... THEN dump your shares.
did u sell a part of your position back?
while it shows a .0002 drop today, we actually ended the day the same place we started... with a B/A at 13/14. The only reason we had a 15 open was my (and here4's) 15 tap at close.
They are probably taking care of the PPS the best way they know how: building their equity and revenue base. PPS will eventually reflect a company's success. We are currently listed as Pink Sheet here, so manipulation and volatility are the names of the game. They've expressed interest in becoming fully reporting and uplisting. They are currently doing neither, and the PPS reflects that. Everyone here is GAMBLING on their word. If they do what they have expressed publicly, everyone with a position below .005 is going to make good money. If they do not do it, then everyone stands to lose. That's what speculating is: getting into something BEFORE it's commonly understood as a great company. If they were a great company, we wouldn't be able to own millions of shares.
JMO.
Also, glad to see yesterday's action was a blatant reflection of one big sale. That (so far) has not occured today, and we hold steady. Every large sale is going to have that effect on the PPS because there is very limited upward pressure right now. With that said, a few days of non-dumping may force bid sitters to hit the ask instead. These were dream prices a few weeks ago. I know there are people sitting on the sideline waiting. I don't blame them... there is no reason to buy when there is no other upward pressure to contend with.