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I wouldn't characterize this as a dump. This is just the market letting ANDI know what they think its value is. I have bought at 15-18 and sold at 25 many times. This time I held on believing that the future looked bright, but it does not look like the average trader agrees with me. The biggest problem with this stock has been addressed a little bit but more needs to be done. $20,000 profit divided by a billion shares does't lead to much. The money spent on these PR's could have been used for a stock buy back since they have been largely unsuccessful in raising the stock price.
I know. How is the buying pressure going to come? The latest string of PR's have been all great news, but a net zero effect. It has got to be demoralizing to know you have a great business, spend the money to market it heavily for two weeks and have the stock price end up exactly where it started. I do not doubt that this will work itself out in time, but this seems to have been a wasted effort short term.
What is it going to take to get this thing moving?
Yes, it looks like everyone here for a quick buck will tuck tail, take a small lose and move on.
The sad thing is, we have all seen companies that have almost no sales , debt up the ass, and constant dilution skyrocket on much less real news. I do think that the preferred shares outstanding need to keep being addressed as when they are converted it seems to be a 2000 to 1 ratio. But again, this has started to be addressed and traders barely reacted. Who knows what will get the average trader's attention. Obviously more flash and less real news.
Right, the forward guidance coming from the company is what is going to push this forward. The numbers were not bad. The fact that this company actually makes money and is not in debt is huge. With the new apps out and adding to new platforms should be the elements taken into account for the future.
Things should start looking up if ANDI will continue to release updates of new apps and the download numbers. Since that is what income is tied to this will garner the most attention.
This was a fairly good report. The fact that the company is actually turning a profit and does not have any real long term debt is fantastic. The numbers alone paint a good picture, now the future is in the hands of how people choose to interpret this.
I would not doubt that at all. If the bid is filled we will see those shares for sale at 25 or 26. This is what has been going on for weeks.
The news is going to have to be outstanding tomorrow, as the shenanigans of the last few weeks have killed trader confidence.
Anyone with L2 care to share what is behind the 8's. Thinking about taking them and seeing if this thing can get moving.
It does not matter who it is. What matters is that they feel comfortable to keep doing it and have not stopped. I was really expecting a release of the financials today if they were good to show up this wall maker. That would have shown more than a harshly worded letter.
It is intimidation. It leads to frustration and draws people into selling. It is frustrating to sit here and watch all the good news pour in and have very little action. It kills morale. Until something really great happens and brings in new buyers this will continue indefinitely.
Yeah it sucks but when done on such a large scale they are picking up free shares on the way up. Even with this going on ANDI has gone from .0015 to .0026. They have prevented a quick run up. I think this is a true ANDI believer and is getting greedy on acquiring shares.
Means it is either an individual which would not be illegal or if it is a group that you look guilty as hell if you immediately stop doing it.
They do not want to unload. They are simply scaring people into selling their shares with the wall. I actually think that they are also buying the shares that they are trying to force others to sell. Then they add those to the wall. I f you remember over the course of two weeks this wall has been from .0018 to .0028.
Someone is feeling bold throwing their shares back up there for a 20% lower price the the prior sale.
This is going to get interesting.
If I had to guess I would bet that this manipulation was being done by true believers in ANDI and were trying to acquire as many shares as they could. It is a shame that when people get fanatical about things that they are usually the ones that F everything up.
I must say that I am impressed that this was addressed so quickly and succinctly. Ronshappy it looks like this is indeed probably someone you know or a group of people that you know. Read my other posts it had become painfully obvious that this was being controlled by huge shareholders that were flipping.
Aren't you afraid that someone will buy your shares.
Longmike is that you that put up the 30 million in front of the 5 million.
Yes this sucks. Because we all know the small attention span of so many traders. This bully has been able to repeatedly force the weak hands to sell at a low price and then turns around and resells them. It is either that or like someone else said, someone has converted some preferred shares.
Yikes, someone has called the bluff. That is now 30 million, the biggest block yet.
Ron, there is not enough buying pressure at all. I think one of ANDI's "longs" that owns a lot of shares is behind this. As a matter of fact I would not doubt if it is one of the posters on here.
If the financials are ready, I wish that they would go ahead and release them. Good, bad, indifferent, whatever. I still feel confident in the long term aspects of things, but am concerned that all the recent PR work has been done to show off the future of the company and perhaps the last quarter is not going to look well.
I do not like this either. But it is hardly against the law. This could easily be an individual trader that owns a lot of shares and is using them to his advantage. Andi always seems to have a large gap between the bid and ask price. Until there is some buying pressure this will continue and in the meantime I believe whoever is doing this is also buying so they are increasing the number of shares they have.
That is the whole point of the wall. To get people to get frustrated and sell. The last week has been very positive. The wall has slowed price progression, but it has also allowed for a more sustainable growth rate. Otherwise I believe we would have seen a large run with an equally large sell off.
This would be a great day if bid support grew and the wall gets mostly knocked out. I like the slow steady climb we have seen for the last week.
Sure it is worth it. Even after fees you would have another $80 bucks to play with. The level of patience around here is very low. When the opportunity to make a quick buck presents itself you take it. Personally, i would not risk doing it because I fear that this truly could go off at any moment. I have done it in the past and have been able to double my hold.
That is my point exactly. The walls are what id allowing people to feel comfortable with profit taking of $100 because there is a good chance they can get back in the game for even more shares.
I do not think everything can be attributed to games. With a big wall at .0023 someone has decided that they would rather take a quick $100 rather than sit and wait for a 13 million share wall be taken out or even dropped.
What else would it be?
Yeah $100. Though with the big block on the ask, I see why someone might take this chance. The likelihood of the 13 mill at .0023 going down today is slim. There is the chance that the ask could lower and take that profit and turn it into more shares.
The 999807 ask at .0022 is the prior 2 purchases at .0021. Someone bought this amount in the last 20 minutes and is immediately flipping it
It would be. I wish I could buy some more. my account is at .09. I am all in for ANDI.
Got your wish. someone hit it and the bid support is still there.
Have a lot of longs been exiting recently. I know I keep reading that they have a large majority of the float locked up, but it looks as if someone has been unloading for the last couple of weeks starting at .0027 and now down to .0020.
It was nice seeing the bid support at .0019. As soon as this can get pushed up into the lower 20's then that will help propel things forward.
If it is being shorted so heavily, what share price do they expect this to fall to?