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Tis the season for squeezin'
Very nice accumulation @ .0005...
78 mil on the support.
Maybe not? Down 10% already, looks like I should load up some more and average down.
I think this thing has finally bottomed out. Time to load up IMO
Good close all.
$LTNC
Careful though....... Look at the trades on LTNC. Yes, there were some buys at .0008, but only 100 shares and 20000 shares... This isn't even $20, seems like this isn't retail but MMs causing hype so they can short it the way down.
I am long in this company but I have a feeling there may be a dump in the next 1 minute.
Short SQUEEZE coming!
Shorts better Cover while they can!!!!
Hmm that's a good chunk of resistance at 7.
And just like that we are back up. $LTNC
Just dropped back to our support line at 4s... However it's a massive support with over 120mil on the bid.
Curious to see how this plays out by the end of the week. Getting mixed signals here. The support is excellent but there is really no buying going on.
Nevertheless, I believe that this can still hit 001s + within 30-45 days or so, but I don't see it happening this week.
Continuing to hold my position. Don't think this stock is intended for the weak hands or the hopeful flipper.
Well actually I got in at 1s. I've been holding for quite some time. But thanks for looking out for me, I really do appreciate that!
12/15/15 217 Stock Buy 2,000,000 LTNC Limit GT 60 0.0004 0.0005 0.0006 0.0005 Open Change Cancel
Right, he was asking why CEO would move shares to a cash account I was explaining why he wouldn't keep it in a margin account. But I admit I wasn't too clear in my response.
It's a two-way benefit for longs:
1) less shares to short, price goes up
And because of the above,
2) remaining shorts will have to cover due to the increasing price. What do we call that again? That's right, a SHORT SQUEEZE. And again, causes the price to go up more so than #1.
Oh lord cpw and DD2 made a child together.
If it's in a margin account it allows people to borrow his shares to short them
You can short sub penny stocks. While many brokers do not allow it, it is definitely possible.
E*Trade Insider Trading Report
Insider Transaction History
Date Name-Position Transaction Shares Price Range ($) Shares Held Mkt Value
12/8/15 Schadel Christopher...
Chief Executive Officer Purchase 97,148,500 0.000 – 0.000 2,212,141,684 $66.3 K
12/4/15 Thompson (kimberly)
Chief Operating Officer Purchase 10,000,000 0.000 – 0.000 80,198,300 $4.0 K
12/2/15 Schadel Christopher...
Chief Executive Officer Purchase 138,803,335 0.000 – 0.000 2,114,993,184 $51.7 K
12/1/15 Thompson (kimberly)
Chief Operating Officer Purchase 20,000,000 0.000 – 0.000 70,198,300 $4.0 K
11/27/15 Schadel Christopher...
Chief Executive Officer Purchase 295,571,696 0.000 – 0.000 1,976,189,849 $84.2 K
11/24/15 Thompson (kimberly)
Chief Operating Officer Purchase 50,000,000 0.000 – 0.000 50,198,300 $10.0 K
11/20/15 Schadel Christopher...
Chief Executive Officer Purchase 888,645,754 0.000 – 0.000 1,680,618,153 $146.4 K
8s back up.
Yesterday support moved from 4s to 5s and resistance was 6s, yet we broke that resistance and closed at 7s as I had predicted we may.
Seems a lot of consolidation is starting to build at a support of 6s now. If we can continue raising the support bar every day this thing won't go down!.
Level of support appears to have moved from 4s to 5s. And the resistance at 6s is weakening. I believe this may be heading back up but we may still close lower that the open today. Prob a strong 6 or weak 7. Time will tell.
Day trading selling on the news for a quick buck. Longs should continue to hold as day traders got their fix imo.
Now that it has dipped quite a bit, now's the time to buy into the 'fear'. Sold a significant portion at 7s now time to buy the 5s!
Although I am a big fan of the news, I couldn't help to think of the motto buy the fear, sell the cheer......
So I had to relinquish a portion of my portfolio as I do anticipate a drop in PPS at some point this week.
With that being said, I am still holding my remaining shares in a long position and I may just day trade a few million shares that I just sold depending on the market.
Wouldn't be surprised if it opens at 001
Agreed. Not entirely sure how reliable the source is but it seems like there are quite a few shorts out there. Maybe the shorts were playing this as a typical OTC pump and dump, and if so they are in for one huge tax write-off LOL.
Data from OTC Short Report
Historical Short Selling Data For LTNC
Date VolShorted High Low Close ShortVol RegularVol
Dec 07 62.44% NA NA NA 225,501,586 361,167,456
Dec 04 59.02% 0.0005 0.0003 0.0005 306,992,513 520,160,928
Dec 03 31.90% 0.0004 0.0003 0.0004 45,081,991 141,312,321
Dec 02 62.75% 0.0004 0.0002 0.0003 257,152,385 409,806,379
Dec 01 30.40% 0.0003 0.0001 0.0003 102,690,704 337,837,824
Nov 30 35.36% 0.0004 0.0002 0.0003 67,463,796 190,809,934
Nov 27 30.29% 0.0005 0.00018 0.0003 210,789,749 695,819,275
Nov 26 0% 0.0005 0.0005 0.0005 0 0
Nov 25 52.10% 0.0005 0.0001 0.0005 171,560,797 329,261,358
Nov 24 75.74% 0.0002 0.0001 0.0002 361,336,506 477,051,250
Nov 23 48.64% 0.0002 0.0001 0.0001 267,776,850 550,479,381
Nov 20 65.25% 0.0001 0.0001 0.0001 92,000,000 141,000,000
Nov 19 0% 0.0001 0.0001 0.0001 0 0
Nov 18 0% 0.0001 0.0001 0.0001 0 0
Nov 17 52.63% 0.0001 0.0001 0.0001 10,000,000 19,000,000
Nov 16 70.00% 0.0001 0.0001 0.0001 1,400,000 2,000,000
Nov 12 0% 0.0001 0.0001 0.0001 0 0
Nov 11 90.91% 0.0001 0.0001 0.0001 200,000 220,000
Nov 10 0% 0.0001 0.0001 0.0001 0 0
Nov 09 100.00% 0.0001 0.0001 0.0001 325,000 325,000
It's the risk you take for being an idiot with a margin account.
What he meant to say is that it would be a steal.
I am all for $LTNC, but I don't see the dividend issue happening for this company in a very long time, if at all.
But looks like a great CC and thanks for the call notes for everyone who wasn't able to listen in today.
I'm ready for a short squeeze tomorrow after the cc tonight. Shorts will be burned and $LTNC will take off imo.
You are listing the issues that brought this all the way down to .0001 for the longest time. But I haven't seen you list any reasons this thing has gone up 500-600% in the last week.
Seems to me you're just a bunch of old news.
You and me both... 1 tick is a lot when you are holding shares from .0001.
I'm sorry I seem to not understand what is amusing about that?
and yet i have already made about 8k off this
Bought 4 mil shares as a lotto play even though I can see an R/S in the near future (fingers crossed that I am wrong!)
LOTTO PLAY ONLY imo!
That is actually the funniest thing I've heard in a while. What CEO would buy up millions of shares of his own company then R/S afterwards? If he anticipated any type of RS he would have bought after the RS was completed, not before.
It's all just common sense.
CEO buying up shares = something big is happening imo.