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Closing above .0014 was a great close, i was disappointed that the gap couldnt hold the .0015 level this morning. But if you look at the daily closing levels today was a great turn day. Hopefully we will get some follow through next few days. Got in around .001 yday, so looking good so far. My question to you guys is, whats the exact share structure here? 6b o/s, 9b a/s? Is that correct? Whats the float?
At this price range its great to enter. But it needs more bid support and trades hitting the ask. Watch the .009 as first resis, then .012, after that watch the mm vndm he was holding it back last thur and he moved to .015 and has stayed there since. I think most selling past few days has been retailers giving up and not trading this smartly. jmo (picked up some at .007 level and holding)
Not until you get more buyers stepping in. Just look at L2, a lot of sellers right now. If you do like this stock, then the .003-5ish level is good entry.
impatient retail sellers. You gotta learn how to trade low float stocks. Watching the tape now and this 160k seller is giving up and continually selling .005 then to .004 knocking it down. If you bot really low thats okay, u still have profit. But if people would learn to wait on these type of stocks, have some patients and leave your sells at the ask eventually it will get hit. Almost all trades today have been hitting the bid, so sellers are out in full force. Ive done this before. This is typical friday selling too. We will see if buyers want to come back.
I think the key area's are .009 and then .012. Also keep your eyes out for the mm vndm. He had a couple blocks in place that got taken out and he moved to .015 once that happened it was able to move more freely. I picked up some in the .007-.0075 area's. People traded this smartly today. Most trades hit the ask, very few hit the bid from what i saw on level 2. We shall see what happens from here.
You, like me, got in during that one day run up and bought near the top! Im a little lower then you, but still not break-even yet. The biggest development was around march 4th. There had been this huge seller of 4m shares that someone bought him out all at once. Ever since then the level2 has been really free. Today there was about 1m shares total around the .0009/1 level that people were looking to exit at. Also of note was the MM STXG was sitting at .0008 all day. Dont usually see that MM around much. Hopefully something is finally going on here!
I dont know if anyone was really paying attention the other day, i believe it was March 4th. Someone scooped up the 4m that has been sitting on the ask in one trade. I took a double take when i saw that! Maybe we can finally get things moving here. Been waiting almost a year. The buy at least freed up the ask, hopefully more will follow.
I was disappointed from a Chart standpoint we couldnt hold the .0008 level. That was holding as nice support on a daily closing level. I bot based on that holding. Right now we have slight downtrend going on from the recent .00014 high on the closing level. However, the bollinger bands have really tightened up. So, we should see a move up or down soon. This .0006 level needs to hold or we could break lower, maybe even to back to where it started at .0002. On the upside the .0001 and then the recent high of .00014, again on the close only. Would love to hear others opinions from a chart stand point as well.
1.3m @ .0007 in the way, how and why do you see this going up? its been going down this whole time. I dont see any reason this should go up. No news flow at all.
hunter, how much of this do you actually own?
Well, i guess thats the final nail. I was hoping we'd at least trade on the greys for awhile, (i was hoping to get out even if it was just for a little) There goes about 4k in value. I still wish the sec would go after the pumpers and promoters instead of the companies. These people do more harm to pinks then anything.
Looks like some MM movement today is all. I was able to actually place an order on some shares. Ive noticed some more filings today. I dont know really what to make of all this. Ive been trading these things for a few years now, and ive never seen a stock be reinstated. Maybe some others on here have had different experiences. I would love to see this resume, but im not too optimistic.
This stinks. I had about $5k in this and sec just wiped it all out. This suspension crap is very annoying. I could understand suspending stocks that have nothing at all going, but a stock that has recently come alive. I saw the same thing with KMAG and MIKP. We will never see anything out of this now.
We are just in a pause mode now until more news comes out. Patience. As long as people dont give up and sell on bids we will be okay. Actually with the way things have transpired this week if someone wanted in i would set some bids in the high .003s or low .004 to add. Still holding here.
nice to see this much volume today!!! I hope it continues, im stuck in this near .003.
To all newbies trading low floats. For now this stock is a low float. I know there were some posters on here who got scared away by the 2b A/S. I totally understand that, and that is a huge concern, but until or unless those are released or the company does the dreaded dilution, this will trade as a low float. There are around 100m o/s, so we have to assume that the float could be that amount, but probably less the way this has traded. For those new to this small amount of trading be patient, and cautious. Never ever chase going up or down, u will get burned and cause runs to stop or start. Never put in a large order to sell, anytime someone throws up a 1m block or even a 500k block in something like this you can cause the run to stop. Break up your orders into smaller parts and set it as a limit. Never sell at the bid, i have done this and many times the mm's will only fill you 5k partials and then drop the bids a lot lower then you chase it down trying to sell and get out. Thats the reason for never chasing and for placing limits. I noticed on friday that there was a 1m seller at .008. This is going to be hard to break that, whoever is holding those would be better served to break it up and place his order at various levels. Ive seen this time and time again. Im still holding near 800k shares in this thing at various levels under .0035. Im looking for this .005ish level to hold as support and hopefully continue higher. The news is a game changer, and as long as the new ceo doesnt dilute or release the a/s we could be in for a much greater profit. Just my two cents on this.
Was nice to see some volume today at the ask at that. We've had a large couple mill seller around this .0014/15 area that has to be cleared maybe we got that today. See what monday holds. This could easily pop to a penny if people will let it. (still holding here)
.05 is really the bigger break needed. That number represents .0001 pre r/s a year or so ago. This is some very nice volume, highest in a year!!! right now, my level 2 is still showing .035/.04 but streamer has it .035/.05. I hope this can keep going. It really is a low float now, so thats a positive. Maybe we can actually get a run going here?? i sure hope so.
Yes, however that was right after the RS when it was still a "d", it was a 1-500, i think. This stock needs to get to .05 just to equal .0001, which is where it was pre rs. I been holding this since before then. This thing needs to get to around .25 for me to just break even. Im kind of buried, unfortunately. It is nice seeing some action though. Hopefully it will continue.
Im still holding this myself. I added a little yday. The problem is, there are some large sellers that showed up on the ask that kept this from running. There was a 1 mil order at .002. Then a huge seller pops in and lowers the price down to the .0014/15 and on level 2 it was showing about 2-3m sitting on the ask. Im really surprised theres that many sellers on this. Just needs buyers to hit it.
Did anyone else watch this close? This was really strange. I had the level 2 up and the last sale's going. All day all trades were at the .0012 area and then someone steps up to bid .002 in the last hour and up the bid to .0024. Then someone buys at .0025 and .0029. Really strange on low volume it just pops up like that. This completely changed the charts on this as we have a 3m high close. We will see what they do tommorrow.
i would guess just misplaced a decimal point. because at the time it was .0042. Who was at fault? hard to say. Retail? mm? I have seen this happen before in pinks.
There was no end of day jump to .04. There was a small 5k order that went through at that .04 sometime in the afternoon thats why its showing that as high of day. I saw it when it happened. "fat finger" order. Someone messed up. I hate when those things happen like that because it messes with charts.
Id like to see .0023 break and hold as support on wed. I dont wanna see a drop under this. Kind of like we had today with .0015 holding as support From what i see this is a resistance. if we break and hold this then i agree with your .0039-.0046 area's as next resis. Im in at .0014 for 700k.
L2 looks odd, 9,999,999 showing up on ask. Not sure if it means anything or not. Was this a no bid b4 the filing last week? I wasnt following this then.
I was disappointed that we couldnt keep the gap and go, but I like the higher lows and higher closing lows this should keep going. Got in @.0013 so we shall see, the turn looks good so far, monday should be interesting hopefully it wont breakdown and we can at least close around the friday high.
This is where i first saw the post about the POR as well and by this poster. Do research on this poster's posts. What we dont know is what is real or not! This is pretty sad if this is all a fake.
still waiting on MACD 60 min 2 cross. 30 Min has turned up, but 60 hasnt yet. Every other indicator is positive to push towards .009
.007 break will push us higher. Bollingers have tightened up big time on 5 and 10 day. MACD turned up. We have held .005 low supports nicely.
I absolutely agree!!! Watch those low .009 as support, must hold those! Wouldnt be surprised if we touch those early monday. Just like last week when we touched the .0047/.005s, that the shorter last week was saying we'd crash through and then fall too .002, kind of off on that.
Exactly! This is much better, slow and steady. You dont want a pink to spike it will just drop as fast.
Bullish Pennant setting up. Should breakout above it and run to hod at least. Slow and steady. Been holding since .002. Thanx for all your DD guys, much appreciated.
Wheres the g-filer at? I was trying to find it, can you provide a link? thanx
Read that 3.10 section b, says on effective date, they will be canceled. There should be no question that they will be, just a matter of when. What is "effective" date? My reasoning for the 24th is due to emerging from bankruptcy on that date. Chuck has been on this for weeks about the cancel. I think you will see some trading till then. And its possible you could get another pop like friday. Thats just my guess.
I dont see how these shares will survive. Every document has stated otherwise. They dont state a specific date, but they do state a date for emergence which is 24th, thats why i was guessing that could be the date shares stop trading. Almost every Q bankrupt stock issues new shares and cancels old ones, even GM did. Who would have ever thought that.
Thanx for your response Gary. I havent played many of these "Q" so i wasnt sure if this friday pop was that last pop and it was going to be last day of trading. But i kept reading the 24th as a day of emergence. Maybe been better to have just held on too it yet. We will see monday. If it drops i might reenter with hope of another pop in a week or two.
Most likely today's pop was a short cover pop. Chuck has been on this about the cancel of commons from the get go. I bailed on mine today and took a loss. I was hoping that we would have got a bigger pop so i could have got out break even. JAVOQ did the same thing on the last couple days it traded. The only question i have is they are to emerge from bankruptcy on June 24th. When will these commons be canceled? Today? or maybe this still trades until the 24th? If your still in, thats probably the best scenerio for you. We shall see monday.
I would love to see that! The basing at the .009/1 has been great. Looks like we had a downtrend that was broke today too. Chart looks much better after today's action. Tomorrow we need to get follow through.
blunder, I have appreciated your research on this issue. I wouldnt worry too much about what others have or havent said. There's many out there who read and dont comment about things. Im still holding this at .0018 from my first entry. I havent commented because ive been concentrating on other stocks, since there's been no new developments on this. I still think the .0017/18 area is going to provide resistance, this was previous and was support for a while.
So, whats going on with this company? They have any business? A shell? A lot of volume this past week compared to previous. Ive also noticed a lot of 200k shares lots being bought or sold. I did pick up a few friday just in case. Any thoughts?