Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Sure. Then I would look at the SEC filings and say to myself:
"hmm, they haven't diluted in any major way in the 3 years they have been running this company. I guess that A/S doesn't mean much after all."
And then I would invest. It's pretty simple.
on stockcharts.com, zooming into the chart to a one month timeline reveals that the cross has not quite occurred yet. That should happen Monday or Tuesday.
so just because the A/S is high, you think they're gonna dump into a run? I've seen it many times before, but this company is different if you simply paid attention to their filings. They have increased the O/S in very small amounts over the past 2 years. No major dilution whatsoever. The note has been converted as far as we can tell, but so many people are holding at this point, it doesn't make a difference. You can try to scare some newbs out, but the longs are strong here and about to get stronger on next week's run.
He's wrong about the 20 MA? Or that he's trading this stock?
LUXD is gonna breakout soon and when it does, I hope everyone that has supported this stock is fully on board. I truly hope it will wait one more week so I can get a bit more cash to add to my position but I am good either way. Just sitting back and gonna watch the money come in $$$$$$$$
Beautiful symmetrical triangle forming. Combined with the golden cross occurring early next week, I would bet on this running. I'm excited!
Is there something you know that the rest of us don't? :)
Well even if no news comes out, the base is being set higher and higher. If you have studied how this stock trades and on what technicals, as long as you flip small amounts around a core position, it won't matter. News would take this 400-500%, though, if it were about a merger with a substantial company. So if we're trading around .02 when that happens, that's better than .01. So I would suggest to people trying to get in on this play to simpyl slap the ask and let this run on a locked float.
The doji created today most likely signals a pause in the chart before we continue the uptrend. Support looks solid in the .01 region and our chart is still trending north. Look for continued green on Monday and through early next week - then we go back into a consolidation period with higher lows. This trend will remain until news either way!
Yes of course, it's no problem. I just don't want to deceive the inexperienced. The MMs throw up the thin ask to induce buying on their end, then they induce panic so they can collect shares on sells, etc.
AO, it won't pop to .04, but it could pop close to .02 by EOD if some ask slappage occurs.
I'm just trying to put your enthusiasm into perspective :) I would love a close of .016 or .018!
So now that the gap has filled, let this run into the weekend? Or are you going to complain about the gap more?
so because the spread dictated a gap opening, you think it's our fault for painting it as such?
Well next time, sell your shares to kill any possibility of a gap...or do you even have shares?
That gap has been opened since Monday, or can YOU not read a chart? It dipped on a gap down and then resistance broke above .01 (new support). Filling that gap isn't needed for this stock to rise...
This needs just a bit more buying pressure...
ETMM is Etrade.
One would hope it's in stronger hands! We need that support back, though. It's a huge deterrent to take the spread down.
Well someone sold a huge 250k chunk right there...
Is that your bid support? I know I saw you had supported at the 9's previous to this for 500k...
I hope no one plans to sell!
The MMs are dragging the bid price up to induce a seller so they can open this lower but people are playing this smart. We need someone to slap the ask a bit and start the day off green. That may set off some scans and some eyes - maybe some momo to .02? :)
The company has been super honest in their filings and the float is the cherry on top. If you've been watching this stock each day, you'll know that the MMs take this down on nothing to induce selling and then take the shares and build a wall that they sell at for .002 profit. We're trading in a channel right now and when we break the channel (after all shares are in the market from the note), we're gone from these levels forever. And if we get the PR that they merged with a huge company, this stock goes 5x-10x.
Well we believe that the company has converted a $60,000 note to stock. These conversions have hit the market EOD in large batches and picked up by retail. In this sense, the SS has changed. Longs have consumed a lot of these shares, though, so the relative float should remain the same (if not even more locked up). A few flippers in this atm and MMs taking this down for cheapies, scaring investors to sell, but the longs know this play and we're waiting for the promiseland. The chart is poised to break out IMO.
I would say that the SS is roughly 60M and the float overall is 14M, but 5-6M is eaten up by longs. So the answer to your question is complicated, but nothing that affects the stock adversely at this point. More shares are needed for liquidiy during the run. Better get in tomorrow because the run is going to happen very soon IMO
So you added today? 200k or 300k? :)
I hope I can obtain my next paycheck before this take off so I can add another 75k shares or so. It's not much compared to you high rollers but I am fully committed to seeing this through. The golden cross should hit very very soon - WHEN is the problem. Any super number crunchers know which day it would cross? I'm guesstimating Tuesday of next week...
Well this isn't going to $1...but it could reach .10 on the right news (and right lead up)
And the MMs take it back down on 0 volume. That's the name of the game, folks. As soon as the converted shares stop being dumped to MMs, who then flip @ .01 and drop it down to continue the games, the faster we will be to launching to .02 and above.
ok it filled! NEW HOD!
26800 more cheapies to meeeeeeeeeeeeeee
I have the buy order in and it's not filling?
26800 @ .0094
If I don't fill in 5 minutes, I'll slap the ask for 700 shares less :)
Got a bid in 27500 @ .0091. I'm trying to support bid at the moment!
This looks like great analysis! I thoroughly agree with you that picking up any shares below .009 is a great idea because once the run hits, .009 will not be seen for a LONG time (if ever again). I plan to slap the ask later in the day for a bit of change if we're still in this range below 9's, but I'll bid sit for a bit and try to suck up that retail wash :)
No big deal..if the MMs take this down again, I'll either get scooped or I'll slap an ask in the 8s to get the shares. I'm not worried! Already 250k long and strong :)
I need 30k shares @ .0083 to average down exactly to a penny. So close! :(
I'm bidsitting at the moment but bid/ask isn't showing it. Bid is truly 130k atm
I had a bit more cash clear this morning so I will have a bit more cash to throw at the ask if we dip into the 8s again this morning. It's only a little so I'll try to throw it when an ask price is weak. Hopefully we won't need the additional slappage because maybe today will be green :)
No familyof5 was just sick of the board talk so he was just going to trade in private, if I recall.
We could use his bid support in the coming days, though!
300k+ sell... shares from the conversion? It's about that time of the day. Onemessage, shed some light on this if you are able to. Thanks!
Buys outweigh sells 2.5:1 at the moment. We're gaining nice accumulation again today so I am not worried about the "lack of volume". The volume will come eventually - grab cheapies while you can!
Yes, this was taken down by MMs. With that being said, our volume was more heavily sold than bought yesterday, so I guess this balances things out a bit. Still, we're churning an excellent base around the 50 MA and 200 MA support lines and the Golden Cross will help immensely. The faster the ask is slapped, the higher we go and the faster the Golden Cross hits! As long as we tread shares this morning, we know buying pressure always comes in later in the day so I still expect a green day - just a smaller green day than some would want. This will start the new uptrend if we can close the day green.
230k in stronger hands now! We've got to be getting to a point where the longs are locking this float up. I'll add as I can and I trust the longs who believe in this merger potential are doing the same!
Well you could slap the ask at this point for that 118k and it would prob bump us back to our original level. I would if I had the money. That's always the problem - more money! haha
haha, a million shares? I wish I had that kind of powder :( you could run this to .02 yourself! I hope what you're saying is true - makes my 250k (approx) look weak though :(
Just a little bit. I'm buying small lots too - I wasn't the major bid sitter because apparently my cash didn't clear this AM :(
I've got more cash clearing tomorrow I think (or soon after). I'm also funding more at the end of the week.
@Smoke - nice! I can't respond to PMs because I'm not a premium member of the site.