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Interesting how an honest "we've had to tweak the people and processes to get this going" gets translated to "the sky is falling" in some people's ears.
I'm sure some Mexus shareholders will interpret this news in strange ways but there are definitely positives in that message. Primarily that it's exactly the kind of direct and clear communication that we've been calling for. They're still working on it. As much as people would like to think this is all as easy as flipping a switch, that's not how it goes. Gold sales of any kind are a step in the right direction. They've obviously been working out the kinks and that isn't anything unusual no matter how anonymous online posters try to frame it. I appreciated the openness of this PR. That's how honest companies communicate to shareholders.
Just no buying recently.
Very low volume.
Stocks don't go up without people buying shares.
Never once have said MM. That's not the case. But, yes, you're referring to a very small number of people who are selling over the last year. You do realize how low the volume has been in relation to how many shares were able to be accumulated at a very low price, right? The "trend" you're referring to is a very small number of people selling. Not an MM. Not frat boys. And that's not a rationalization. Just a fact. Because even on the buying side, it's a small number of buyers. If we get more buyers (and buying pressure) this stock will quickly move up. It has proven that over and over. The real question...basically the only thing worth discussing at this point...is what developments/activity/news will create that buying? Anything other than that is nothing more than social message board chatter.
Your daily analysis of the trading is being done on a stock with almost zero activity for days at a time. A stock where it's highly likely a group of fewer than 5 individuals are the only people selling shares over the last year. A stock for a company that has yet to start making money.
Point is that there's very little to analyze in the trading. It's like analyzing 2 dudes at a barbecue.
Again, watch any penny stock on any week of the year. It's misguided focus. This is basically the equivalent of going to a movie theater and focusing on a piece of popcorn on the ground rather than watching the movie on the screen.
Then, all due respect, you'll be watching something that doesn't matter at all and that you're not even describing accurately. Painting the tape has to be done as the last trade of the day or it's not actually painting the tape. And people have been doing it with this and every other penny stock every day for years. It's a non-factor to anything that matters with this stock. Better to focus on the issues that actually will impact the future.
Painting the tape is in the last minute, not the last hour. You'll see it in both directions typically with a tiny trade (usually between 100 and 1000 shares). It means very, very little.
The blocks at the end of the day have been normal trades. What you're seeing is our usual suspect on the ask backing off in the afternoon as buys come in throughout the day.
Well said. Penny stock investors tend to pout and stomp their feet but that doesn't lead to knowledge of mining. Reading a message board is not the way to gain a great education. This process is not nearly as simple as pressing a button. This stage in the lifespan involves a lot of tweaks and can be frustrating. But it is what it is. There's a reason the stock price is a nickel. If someone wants to buy once gold is being sold, they'll be paying a higher price for the stock at that point.
Took a starter position here. Just downloaded the app and will give it a spin today.
Looking to buy back here at .005.
I don't fight the trends and hold when a stock is clearly dropping (which is happening with APTY now and has been for a while).
I also don't pretend there is no bottom. I get in when it's ready to bounce (which APTY will do again).
Charts like this aren't hard to read if you put emotion aside and allow yourself to look at it in an unbiased way. Like crypto, for example. Some people won't allow themselves to see the trend. They're blinded by dollar signs. The volume and chart for bitcoin got to the next step of ugly and looked clearly pump and dumpy at that point. Sputtered for a couple of weeks but there wasn't much new money coming in and old money has been steadily exiting. It was a very easy chart to read. When bitcoin hits 7500, that's a big moment to see if any real buying is coming in. If it can't even hold that number, it drops quickly to the 4000's. There will be a bounce, but the chart is looking so much like the pump and dumpiest penny stocks
Then, much like penny stocks, a point is coming where an even bigger chunk of "normal" investors who bought at the highs won't be able to tolerate the drops anymore and they'll exit in droves. That has been starting but it'll pick up. Right around then is when smart traders who caught their profits near the top will re-enter. You'll see it in the volume. Then it'll be ready for a nice bounce.
If there's more selling pressure than buying pressure, a stock is clearly heading down. Don't fight that trend. Get in when it's ready to bounce, not when it's falling like a rock. I'll be buying back in here around the .005 area. But in a bearish trend like this, I scale in and remain flexible while watching for the move.
Posts like that are the reason to keep checking in here. Appreciate your thoughts, knowledge, and ability to not get personal.
At this point, we should all know communicating clear sentences is a challenge we continue to deal with here. The words "back to the drawing board" can be interpreted in more than one way. And I can assure you that multiple people are interpreting it in the incorrect way. As usual, that incorrect way is the most negative possible way to decode words. That's part of the problem with speaking in riddles. It leaves a lot of room for incorrect interpretation and worries people unnecessarily.
I hear you, man. Yeah a lot of things are lining up right now so if they can get it done soon, this could make a very nice move. We shall see...
I think MXSG have held those gains without manipulation. But without enough buying volume to support .22, it was vulnerable to that. I think it's pretty clear this is waiting on news to move back up to those levels and beyond. Very much in a show-me state here IMO.
Pretty simple answer to that question. The gains get held after gold gets sold.
Being a heavy message board poster isn't going to teach someone how mining works. While helpful, being a skilled chart reader isn't going to teach someone how mining works. For a person to feel like this company is behind in their timeline...logically wouldn't that person need to know the appropriate timeline? Wouldn't that person need to actually understand how a mining company of this size operates?
It's easy to express strong opinions.
What's hard is knowledge.
That takes work, time, and experience.
Having the ability to read charts is a form of knowledge. I'm not one to dismiss that at all. It's a tool I use myself. But a chart is nothing more than tracking emotion in graph form. If a junior miner hasn't sold product yet, their shares are trading based much more on emotion than when gold is sold and numbers are shared. Technically, emotion is a factor with all stock trading but the future emotion will be based on more data. It's considered less speculative by investors.
With a company like this at this point in its history, the chart will only show you so much. The volume isn't there right now and that means quite a few things. One party can have a big manipulative influence on stock price and the chart misses that level of detail and nuance.
It's easy to point fingers and say Mexus won't sell gold. But that's not a fact. It's just a strongly expressed opinion. Knowledge is what matters most here. Understanding mining and this company. I suggest increasing knowledge or finding the people who have it. Just my two cents.
Maybe they'll write an effective PR this time. Maybe not. We'll see.
Been very profitable trading APTY the last few days. Amazing spread.
Looking very good here. Congrats on the recovery to all who are profiting from it. Happy holidays.
Wanted to say that I really appreciate your posts here, man. Don't agree with everything you say but yours are by far some of the intelligent posts on this board. Some people don't think much of charts, that's all. And obviously, making a blanket dismissal of chart reading is about them not you. There is value in knowing the industry, the company, the news, and understanding charts. It's all valuable.
Interesting to see VNDM move up above .07 for a few minutes today. That hasn't happened in months as far as I know. This is churning away very nicely.
Buying volume and a little good news should provide a nice bump to .10.
Great news would likely bring much more than that.
Interesting times for MXSG.
I've been LOL'ing for months. Enjoy.
Run away? "Some of us" adults don't have all day to spend on the message board of a penny stock. We're actually focused on multiple investments than a penny stock company that has never made money. Listen, if you think holding penny stocks long-term is the smart way to invest in the OTC, then more power to you. Like I said, that type of investor has made me a lot of money. If you don't want to double or triple your position when a stock is freefalling then it's your right. But penny stocks are all about playing the move. Being a bagholder will put you in the poor house. Oh, and I don't run. I'm just not here as often as the people who post all day. I have no need to respond to you. Remember, you're the one talking about me. I'm easy to recognize. I'll be the one who shows up when right or wrong and can admit either. That's a rare breed around here - a place where people acted like the stock was doing great for months as it was collapsing. Good day for APTY, by the way. Getting healthier. If you sold when it was obviously heading down, you could have tripled your position here.
Amazing.
Instead of taking profits at 4 times this level, holding for "capital gains" purposes as the PPS gets cut in half and then in half again. And then thinking that was a good move.
Can't write this stuff. Too funny.
That is incredibly nonsensical.
The fact that you would hold a stock that was so obviously moving down for so long indicates that your trading opinions are flawed at best. Any trader worth his salt would have taken profits and bought again when there were signs of life. You clearly don't know what you're doing so your opinion means very little to me.
...says the guy who holds a stock from 4 cents to under a penny...
Pretend you weren't an investor here and were totally neutral...
That email was shady.
Nice day on Friday. Decent volume. Getting closer to health.
I respect your opinion but disagree with your post as well. Nobody is saying the last year didn't suck for this stock's performance. But that has nothing to do with what the next year will bring. Even without gold sales, this stock has moved over 20 cents very quickly within the last year. Obviously there were delays and missteps to bring it back down to present levels but, if gold is sold, this will move up in a big way. There are hardly any eyeballs on this stock right now. If they have a producing mine, that will mean a drastic change in what this company is, where they're going, and what the stock price will be.
The posts here are funny. Thank you again for the laughs. Please keep doing exactly what you're doing. It's amazing to have a place where people say the exact opposite of what's actually happening.
Nah, you don't understand them. Nice try.
Pretty clear you don't understand T-trades.
Helpful post. Thanks for sharing.
Because it hasn't bottomed yet. Has been a poorly performing stock for months now. It will drop to a low enough point that it becomes attractive enough for significant buying again. And then it will bounce.
Thin on the downside too.
.006s and possibly .005s should be available next week.
No after-hour trading in the OTC. Been explained at least a dozen times here this month.
Smart. Got to take profits in the OTC to survive. The bottom isn't here yet imo. But bounce should be coming soon enough.
Yes sir, welcome back. Smart trading as usual from you. Glad to hear you took profits. I've got my eye on a re-entry point here myself. Much easier to catch an upswing than a falling knife.