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Let's just look at this as us all being forced to go long on this stock when we would have been tempted to flip lol. Now either the company has a chance to actually establish itself before we trade again and is unable to do R/S after R/s or dilute any further. If they succeed they will have to do it with good old fashioned hard work lol and maybe someday we will reap the benefits. If not, then we either have a tax write-off if needed or there is always the possibility of ridiculous gains from a R/M. There is a Hall of Fame R/M out there and the top winner went 550,000% so let's all hope this happens to CXAC lmao.
GO CXAC!! TO DA MOON!!!!!
DTCC is not the "rules" they are a clearing house. The SEC is the "rules".
Man am I glad I got out with my couple hundred profit yesterday at $1.21 lol. I had a bad feeling when I saw terrible volume late yesterday that this was coming. I think it's dead this time.
That's what just scared me off.
LOL that is a very untrue statement with regards to pennies my friend
LMAO seriously. It sucks they report a profit and the thing is consistently down. I thought this was a safe play for sure. I need a 200% gain from here to break even.
I'm out at 1.21. Hope this thing flies so you guys can all make some money or make money back for those that lost. I don't have the patience for it lol.
I see your point. Does anyone know if they are paid with shares of the company's stock? Because if they hold enough they would be able to manipulate the share price. Otherwise unless they are buying a TON down low with the money they got to promote the stock then I don't see how they would be able to affect change at all.
I seriously doubt it. There isn't enough money to be made to make the risk worth it on the OTC for the most part. Maybe there is a little bit of manipulation, but it's 99.9% retail that makes a stock move.
Madoff didn't raise stock prices though he just stole money so I don't get the relation. My point is everyone blames MMs when it is usually the company dumping or just no one wanting to buy at a higher level. Why would a company risk SEC investigation and penalties by manipulating a stock that trades in such low $ volume? If a .0003 stock trades 100,000,000 shares in a day only $30,000 changed hands. How much could they POSSIBLY make by manipulating it? It wouldn't be beneficial in any way. People get too emotionally attached to these stocks and don't want to admit they made a bad pick and cut their losses and move on, so they blame someone that has nothing to do with it.
Is there manipulation? Yeah but I seriously doubt it happens much as much as everyone thinks it does, especially in the micropennies. They would also do a much better job at hiding it than to let a stock like this plummet 60 something percent lol.
They are mad because they didn't time it right or they averaged up too far. Or they are out and don't care and are just jerks lol
Here's my take on it. We buy these stocks because the potential gains are insane. If I invest $1000 and lose half 5 times I lose $2500. If I invest $1000 in DUTV the other day I could have cashed out with $25k or so. ASYI would have made me $100k in like two weeks if I had bought low and sold high. There are safer stocks. They have audited financials and 10 year histories. They are on the big boards, but they move slowly and you don't make crap. It's no fun either.
These stocks are not regulated, but anyone who listens to APS when they say it is a good time to buy SNPK when the market cap is at a billion $ did not do their own DD. If I told you my half eaten grilled cheese is worth $500 and you give me $500 should I be arrested or should someone smack you lol?
Very possible. On some levels I think pumping a stock to infinity on speculation should be illegal, but how do you regulate it? It's free speech and a capital market.
You know of another start-up OTC stock that got pumped to a billion $ market cap lol?
Exactly!!! There is no mastermind sitting behind a desk deciding what this stock or any other is going to do. So many people claim MM manipulation and it may happen to a point, but a lot of time they are claiming this on trip zero stocks. Do you really think major financial organizations are sitting around trying to figure out how they can manipulate a BS microcap stock to make a few bucks lol? This is retail. Someone buys what someone else sells.
Exactly. And the board was full of people claiming that this was definitely going to $5 the morning of the last dump. By late afternoon it was full of people stating that it would be in the low pennies by the EOD. Guess what? Lots of people made 100% since then. I got in at 98 cents so I'm up 21% in 24 hours with PLENTY of room for it to run higher. It's a timing game and like I said, anyone complaining either got in too late or wasn't smart enough to get in on such a huge pullback.
Yeah but unless the company is guilty of some violation why would they halt anything? There are much worse things going on in the pinks everyday. The only reason why this one might even have some visibility is because of the PPS and market cap. Penny conspiracy theories drive me nuts. Shorting is manipulation but it happens all the time and is perfectly legal. Who is "manipulating" this. They pump the price, and someone with a lot of shares dumps them. Lots of people panic and put in market orders, or stop-limits are triggered. That's what more than likely caused it to tank. APS does not have control of the stock market lol they are a freakin website that sends out email alerts about BS stocks lol.
You're joking right? If you guys want legit fully reporting stocks there are plenty of those on the NASDAQ. Good luck making 400% gains or as was the case with say DUTV the other day 1800% in like 5 hours for some lol. Why would the SEC halt trading on a stock because someone pumped it? Unless the company reports false information or dumps unregistered shares I see no reason why a third-party cannot send out 100 emails stating that "the company is a gem blah blah blah" with price target of $1000 per share lol. This is part of the game and the people who complain are the people who either don't get in or buy in way too late in the game. This is a great play from here.
LMAO I love how people tried to bash the stock today and it closed green. It closed green for me the last two days. And now, even after it closed green people try to talk trash. If you own it, shut up and ride it. If you don't you are in serious need of a life for hanging around on a Friday night in a stock message board of a stock you have no stake in LMAO. Buncha fat virgins living in their mom's basement around here talking trash.
LMAO Buying any penny is wishful thinking. Lots of people made money in the last 24 hours lol.
Damn looks like I should have flipped it earlier and waited to get back in
Then it's the best pump and dump in history. Pump.....yes. Dump.....don't think so because it's still going strong.
Not a P&D. It can't be it's been running for way too long. I mean ya never know, but they have more in the works than just vitamins and it seems like someone must know something. This is not iHub or internet volume at these pprices. You are looking at $15M+ in trades today alone.
Sure does look that way. The key for everyone here is to set a realistic target price and hold your shares on small pullbacks. We have seen what the dumps look like in this stock so don't get scared of 5-10% corrections. I made that mistake the first time with SNPK and I could have made a ton of money if I had just relaxed and held on.
First hour can be wild. A lot of people chase when it moves like this expecting it to run hard without stopping, then panic and sell when it pulls back a little. Should be a good 10% or more gainer today at the close I would think, but hopefully more. It;s Friday too not traditionally the best trading day.
Money in the bank!!! Congrats to all who were smart enough to realize that this thing is far from dead.
I just buy dips and play momentum lately in the pennies. This stocks particularly is too volatile to predict IMO. Yeah we can all predict that it will tank at some point and run at some point, but it does it so randomly. On the last run I thought $1.50 or so was a smart exit point and anyone who bought higher was crazy because it was begging for a correction. This next run should either blast quickly past old highs or it will go up for a little while, maybe to $2 but never quite make it. Either way I would guess that this is the time to be in and if it tanks again a lot of confidence will be lost and it won't make it back to these levels again for a long time. Lots of money to be made right now though hopefully.
I don't understand why people base what will happen with one stock on what happened with another. Some stocks run from trip zip levels to multi-pennies, others run hard for an hour then tank and volume never returns so everyone is left holding the bag lol. Making predictions based on what NSRS or whatever did is ridiculous.
LMAO it bounced almost 100% from where it bottomed out. So someone has already doubled their investment. How is that considered dead. ASYI was "dead" and it has run a couple hundred % multiple times now. Enough with the BS predictions.
Stocks only get halted if they can prove that lies are being PR'd or more so if there are unauthorized shares on the market or something. If I started a company and my only asset was a half eaten grilled cheese sandwich and it ran to a market cap of 30 billion they cannot just stop it as long as everything is kosher so no worries here.
It almost doubled from the low yesterday lol. How is that poor?
I lost money on this stock the first time it tanked a while back. Trying to recoup my loss of $400 I made $10k omn AS*I so lol I'll take that trade everytime. I was in at .66 originally for a bunch of shares. I missed the first boat so I'm glad to be on board now for the next run which is usually the biggest so $3-$5 is probably not unreasonable.
We obviously have support and confidence is back in this stock as the selloff was brief and stopped quickly. Should be a LOT of money to be made here.
I hope you're right lol
I definitely agree on that. I love all the crazy price predictions that all this visibility brings. Funny because 2 days ago those predictions were $5+....now everyone swears they know it is going down. I don't know why people bother posting nonsense.
Correct. By people who do not know how to trade. This stock has fluctuated like crazy and since stupid people panic it creates a chain reaction. Plenty of stocks move on nothing other than speculation, because speculation makes people think their shares are worth a lot of money and therefore they do not sell. Without all the panic this would still be at $2 something......but then I wouldn't have any shares lol
Lol please explain how they manage to manipulate a stock that trades on high volume in these ways. They can only sell shares at the current bid just like anything else. Penny stock conspiracy theories are just that.
My point is people that don't know how to trade is what makes stocks tank and trade sideways. It can obviously run and sustain much higher levels than this and did it for a while.
If everyone would set their sell orders at $2 or more and leave it alone this would run back up.
True but lots of pennies trade on trends. Also, tell that to the other 200 people in here claiming it will continue to tank because of the way ANOTHER stock behaved lol. Ridiculous.
Not gonna happen. There are way too many people in at much higher levels for this to drop that low. If it was going to drop like that it would have kept going today. What stopped us from breaking $1.10 was the profit takers from the lower levels. A bunch of people make 75% gains today on that dip lol. Anyone who is in at a higher level and did not have a stop limit order in will see that it bounced back and hang on with hopes that it will fly again which it will. Any of you who have been around since the first run know that it tanked like this one Friday and then ran harder than ever two weeks later. Hold your shares.