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It is nice to see a stock make a SH happy for a change. Feeling good is hard to come by these days.
TN, that is why I like IH. Posting offers the ability to express thoughts in writing. As long as everyone knows such thoughts are OPINIONS. Mine are never "fixed". I make my own trade strategies from bits and pieces garnered from the written word, accepted as viable, then put to work. Right or wrong is not the issue. Gain is the issue. Whatever works for all of us in making gains out of this rigged platform (of course, another opinion) is the way to go.
Live and learn and the ability to make use out of what is learned IS the only way to go.
Rip, I hope you don't mind me saying that it was not the traders. The retail buyers are the ones that supported the highs today. MMs made them 'bag holders'. That is, shorting rules GTCH right now.
MMs let the retail traders chase the pps up buying "borrowed" shares that, quite frankly are non-existent, buyers at 11 took the worst hit. What they bought were borrowed shares - MMs then worked their magic in letting the shorts replace those borrowed (on the book) shares sold to the retail traders by forcing the bid down to 8s where actual shares were being sold (provided to those retail traders who bought shares on up to 11}.
Sure, not exactly clean, but you get the picture. You will note tomorrow if the OTC short report will identify that the greatest portion of the trade volume today was from shorting. SEC allows this because, in the end, buyers have valid shares.
What really happened is that the gain at 11 for previous retail holders was sucked out and "given" to those who short. MMs win both ways, from the retail buyers paying a transaction fee in buying/selling AND shorting fees selling AND replacing. Shorties walk away with easy cash and MMs smile with all the transaction fees they acquired in the process.
While LONG retail traders wait another day....
I suspect that the MMs will "allow" the pps to stay at .001 by EOD. IF some sugar daddies step forward with some large purchases, we may get a surprise and force the MMs to let it rise to fill demand.
Holding it is always remains as the challenge.
They are saving short's tails right now.
It appears that MMs are intentionally keeping it at 11, trying to force the ask lower.
The amount of shares available has dramatically decreased. We may be entering a run RIGHT NOW!
WOW! A LOT of big chunks being taken out right now.
Have to admit, for this retail trader, the volume AND direction of the pps sure makes me happy. Starting to look like I thought it should with 9s being gobbled up. .001s not long in the taking (out).
Check out the OTC short report for GTCH. The MAJORITY of the share in the volume count are from shorting. I am Not a 'shorter', have no idea how the "count" is generated through MM reporting. I will say, I am SURE the counting benefits the MM/short ledgers and NOT retail traders!
Somebody pulled nearly 2M from the ask. Holding on for more? Wise decision!!
the 8M on ask at 8s could be gone in a flash!
Hey Rip, what you provided is a treasure trove. Newbies focusing on DD and using IH for quick source material as well as "opinions" regarding the company will eat your post up! Good timing, a lot more peeps have given notice to GTCH. Expect volume to be on a steady rise.
Good post TN. Tech over my head but I hear. I watch. I decide on trust. I do not think GTCH is pulling our leg. Real. Determined. Cutting edge. GTCH is beginning to be seen as the ticker to be.
The pps rise is inevitable as the WORD spreads.
It always hurts to watch what the MMs can do in support of short. Gain out of our pockets once again. Fortunately, I see March giving it all back to us and then some. It is the base pps that I watch over time when I hold long. SHs will see that climb.
L2 presents a very THIN picture of shares at the asking price. While SHs being in since 4s could cash in with a good profit margin, it does not appear that they are doing so. Looks like there are a good number of strong hands looking to hold for the anticipated future gains.
Even the MMs have not undercut the pps to satisfy the needs of shorts.
Nice calm ride right now. TENSE though as SHs wait for the next installment of a PR.
As noted hunter, the ask at 9s shot up now. No longer thin. MANY are happy to take that gain from 4 to 9 home right now - hell, with what it may bring a week from now.
Reality is, take it when YOU feel it is appropriate. Now is not a bad idea. This notion of retaining shares until they are long term (over a year) is nonsense (just to have the 15% tax rate). Have to give credit to the thought that even 65% (after subtracting TAXes due) profit is better to have in hand for sure than counting on having even more a year from now (so often not the case).
Closing in on 9s! Those are even VERY THIN!
Good. No spike=lower shorting. As peeps become more aware of the potential GTCH offers for pps gain, more will 'gradually' suck up the asking price due to the likelihood of those who have shares not wanting to sell lower. MMs can thwart that by offering cheaper shares off their 'shelf'. But I do not think that is going to happen today. I expect a slow but steady climb over .001 over the next few trade days or wherever/whenever the MMs DO undermine the retail trader's gains and again offer it up to shorts (they will at some point).
When I first jumped on the bandwagon, there was really very few postings here. At times I felt I was the only one expressing optimism. Note today though that the number of postings is jumping with renewed interest.
That new interest SHOULD move the pps up BUT be prepared to be disappointed. MM highly promote shorting here. The OTC Short Report clearly shows that is the case when ANY PR released. Result is a hard breaking of any attempt by retail investors to buy at the ask causing a small spike that is not followed by a sharp decline as the shorts cover their 'borrowed' positions.
TN, not behind our back. Fully disclosed but so many did not read those highly detailed PRs with tons of words that were obviously not understood clearly (like me) because of the cutting edge tech jargon.
SO MANY peeps are caught off guard per GTCH. I bought in early, losing on paper BUT the potential here is far greater than the chance my red will remain so.
YES. Efficiency=savings=more profit. IF what GTCH says about the tech capabilities, BIG incentive for manufacturers to sign up.
Meant to be...
sax, you know I had nothing to do with it, right? Only expressed what I saw.
In this case, I will use an example: I visually could count 900M shares on the ask at 2s on L2. When I looked the next time, it was showing 600M shares on the ask at 2s (without ANY increase in volume). I post. Then later, I view L2 again. Now back to 900M shares on L2 at the ask price of 2s.
I can't tell you how many times I put in a bid lower than ask yet it does not show up on L2. Likewise, I have bought M+ shares at the ask price and it never shows up on L2 or if it does show up on L2s volume, the ask count never budged.
MMs play hide and seek all the time...with ample smoke and mirrors. That was all I was saying when I said MMs play games to manipulate buying and selling screen view to meet their objectives. I think we are saying the same thing, just in a different manner.
MMs have way too much leeway in how they manage trade. Not always above board from my perspective.
MMs playing games. Shortly after posting, the MMs brought in 300M more on the ask at 2s. Later, removed it again. Matter of when it was viewed on L2. Pure manipulation on their part trying to stimulate trade. At the end, same-o, same-o.
I should have picked up on the MM play and said nothing.
Ah! Validation of last week's notification. Must be in the hopper. I took that for granted and did not expect receipt to add to volume this week. Certainly must have though if today's action is any indication.
Got in earlier and lost (on paper) quite a bit. Nice to see some recovery. The way gtch has started this week, may see us touch .001 by EOD Friday WITHOUT ANY PR.
Interest gaining strength.
I bought more myself. Put $$ where mouth is!
Rip, hope you getting a bit. 8s up soon. If it is not you, somebody in the know?
Hmmmmm? The load at 2 ask has dramatically decreased.
Trade volume over 20M today will eat up the 6s. Holding strong. Have to buy at ask!
As if I haven't heard THAT before!
Although I prefer instant gratification, anyone seeing what is happening here should be happy. It appears the MM are now walking the pps up.
Of course, it takes retail buyers to eat up the asking price. It is happening. Actually, IMO, picking up pace as more and more traders notice the potential GTCH has to bust through the .001 level.
I agree with your expectation of "quick".
I make no presumptions that anyone gives a hoot what I think, but I am posting it anyway. Tomorrow is going to be a great day for GTCH.
Oh boy! Nobody is getting 5s! Can it hold? Power Hour is not over yet!
hope you are wrong.
It appears that some peeps agree with me (not that they know it). GTCH has a glaring sign out front of it blazing the word POTENTIAL!
Will it actually prevail? Hell if I know but I do know for the small retail buyer right now who 'gambles with high risk' in Pinkyland, there are few other tickers that may actually come through in the end.
Right now, 6s seem mighty thin!!!
MMs working hard to keep a lid on GTCH. Sacrificing a lot of 4s. Take 'em if you can get them...before the shorts do.
It was nice to see those 5s eaten up. Those who bought are not going to regret it.