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Market says dump, and red. Financials are important, it seems like they are hiding bad numbers at this point. Resistance formed at .0045 and there's no support until .0035 We may see the low 3's again.
Let's see the dump today. We had a nice bounce off of the 200MA yesterday but this may head back down there again being that ILIV just got downgraded.
Regardless if an OTC company does or doesn't have to report its financial filings on time (or at all for that matter) it's the point that they are and filed when they are supposed to. If the company doesn't fulfill that, it looks bad on their part and it looks bad for investors. I for one am wondering what's going on for two major reasons. One they didn't file on time. Two they asked for an extension and then still didn't file it by the extension deadline.
For those who don't know about reporting requirements for penny stocks, I encourage you to take a few minutes and read this. It's some info about the different tiers in the OTC marketplace. Many are unaware of these and even the presence of what they truly mean.
http://www.otcmarkets.com/learn/otc-market-tiers
I noticed that as well today but it was happening yesterday but the opposite. Yesterday the 100 was hitting the Ask mainly but today was the Bid side. All part of the fun and games of the OTC. I've seen that happen in many pink stocks, some as little as 10 shares being repeatedly hit on the Bid or Ask side, not uncommon.
Exactly, I hope no one sold down there and loaded if they had the extra funds! Nice solid bounce when we dipped close to the 200MA yesterday and today.
BAM!!! I'm up over 5K right now!
#1 rule on OTC boards: The more bashers there are the more this is probable to go up. Load and hold, easy as that.
So who is the one who sold me a million at .0032? LOL come on weak hands! This is exactly what I said would happen if .004 didn't hold in my analysis I posted Sunday night! This was the beginning portion of my analysis dated 4/13:
My Brief Analysis on ILIV: The chart structure has a few things that are a bit of a concern. The 50MA looks like it has flattened out a bit and does not look like its inclining anymore. The 200 is quite a ways lower which may be of more concern being that we have been sinking closer and closer to .004. When the PPS had the great spike there was a jump between .002 and .004. This is of concern due to the fact that if we do drop below .004 there won't be any strong support to hold us up until .0029 (chart wise) which is the 200MA. Remember this is being manipulated I'm sure there will be large bids between .004 and .0029 to help hold the PPS up but this is an analysis not based on possibilities and probabilities. If that major support (.0029) breaks for whatever reason we will see .002 without a doubt. The candle charts show the gap from .002 to .004 and we HAVE to hold .004 otherwise this can get extremely ugly very quick.
Everyone should've loaded off of that dip especially in the low 3's! There is almost always a bounce once the PPS approaches the 200MA. Hopefully no one sold down there!
LOADED!!!!! That was the best swing today!
How about those 700K at .0045 come down to .0042 so I can get my order filled!
If everyone isn't loading some of these stocks that are just falling with the sector are nuts! As far as this one goes, I've been loading here. Took a small hit from yesterday but managed to flip a few other stocks to make that back. I've been buying again here. There will be a tremendous bounce for all of the stocks that are in heavy red for no reason. You'll be chasing while I'll be making money! This is a no brainer.
Loading zone! Thanks for the 11's! Buying and holding.
Please sell me some more at .0042! I need more shares at these prices! Thanks :)
At a quick glance its looks like the selling has stopped and just a weak hands have sold which are the bid whackers. The spread shows that the PPS is remaining strong at the moment. If we get some buying pressure it will cause momentum and easily move this up to the 5's. The level after 48 is 58. VNDM has moved to the high 6's. This should move back up very easily as long as the bid whacking subsides so we can get some positive momentum.
Thank you, I appreciate your post! You are very welcome, I'm glad my analysis' and posts are helpful to you. :)
I know and apparently they wanted to sell all of their shares at once and bid whacked it all the way down. They killed the PPS but I benefitted from it and picked up some shares at 45-46. I think we may see a push up tomorrow after seeing some heavy bid support even though all of the bids were whacked. On a positive note, VNDM moved all the way to the high 6's today and VFIN moved to the bid side which was another signal for a reversal which is why we moved past the high 4's and into the 5's again. Maybe tomorrow will be the day we'll have a nice run, I'll help push it up and tap the Ask when I need to :)
I painted the Ask at 47. We would've easily closed at .005 or higher if ETRF didn't drive it down. Hopefully we'll continue green tomorrow.
ETRF is killing the PPS all the way down from .005!
I've been trying to help support the bid here and there as well. Just added 50K to someone's bid at .0048 I don't want the shares but a little support can go a long way sometimes. I also put a 100K at .0047 to make it 850,000. This could easily close above .005 today, I will still paint the Ask too :)
I plan on painting the close today so if we have a nice spread it would be nice. So far to me it's looking like a .005 close. These 48's (only 100K right now) will get taken out and I'll paint mark 5. If we manage to get some buying pressure by the EOD and get over .005 I'll be happy to paint whatever the Ask is!
It's a large bid that is generally excessive to the trading volume. We've traded 6M shares today (low volume day) and most trades have been averaging 100-200K. Then there was a 10M block bid placed which generally changes the PPS fluctuation on a day like today which in turn could help the reversal here. If that wasn't there we would probably be in the low 4's by now if the bid whacking had continued.
This could be the reversal. Its a low volume day and the MM's have placed large prop bids at 47. Bid whacking has finally seized (at the moment) and we do have large support at 47. We could possibly see a decent close today.
Yes but it's a prop bid.
And who said to sell and it's going lower?!? Learn how to trade!!! That was an obvious bounce zone. I just made $1,400 off of that swing!
People selling here are ridiculous! Loaded for a nice bounce up :) thanks!
This is fluctuating back and forth tons of times. If you're not making money off of it right now God help you! LOL
This doesn't seem like its going anywhere today. Bid whacking has taken over. I'll be focusing on some other stocks today and check back later.
LOL I sure am! A great run up to start the day.
Thanks for the nice comments guys! Maybe I'll do one for EVS* too :)
As for today, VNDM is still sitting on the Ask. Let's see how this plays out.
Nice gap up this AM! Looking good for a solid day.
My Brief Analysis on ILIV: The chart structure has a few things that are a bit of a concern. The 50MA looks like it has flattened out a bit and does not look like its inclining anymore. The 200 is quite a ways lower which may be of more concern being that we have been sinking closer and closer to .004. When the PPS had the great spike there was a jump between .002 and .004. This is of concern due to the fact that if we do drop below .004 there won't be any strong support to hold us up until .0029 (chart wise) which is the 200MA. Remember this is being manipulated I'm sure there will be large bids between .004 and .0029 to help hold the PPS up but this is an analysis not based on possibilities and probabilities. If that major support (.0029) breaks for whatever reason we will see .002 without a doubt. The candle charts show the gap from .002 to .004 and we HAVE to hold .004 otherwise this can get extremely ugly very quick. On a positive note the RSI is only in the mid 30's and we are still in oversold territory. This can have a reversal with some serious buying pressure to boost it but we need the upward momentum which we are lacking. The most probable way we'll start seeing some green is a solid PR about the LOI. That is what everyone seems to be holding and longing for. Until that happens we will have the drastic fluctuations and heavy manipulation we've been having. If you can and know how, I suggest to play the swings which is what I've been doing (with a small LT hold as well). Once things start turning around I will load heavy for the big movement up. As I stated before please take caution on trading this, its been manipulated drastically and still currently is which is really hurting the charts. I am not saying this will continue down or finally turn back around, this is my analysis to help everyone understand what's currently going on. With heavy manipulation there cannot be a definitive say to which way this will go based on charts alone that is why I normally state daily predictions based on the ratios, trade exchanges, and MM distributions. If anyone has any questions feel free to ask I will try to respond to them tonight. Thanks and hope this helped to all the ones who've been asking for it!
I read your PM, thanks for the kind words as usual! I honestly don't think we'll see much of a spike in the PPS until we have a solid PR about the LOI. We should still have the nice swings from the dips but we need something substantial to have a true reversal. I'll look at the charts and technicals and try to post an analysis by tomorrow night for everyone.
LOL love it!
So much for the push. The Ask just stacked up again. Looks like we'll be closing mid 4's, most likely 44-45.
EOD push, hope everyone loaded :)
I'm trying to help move this back up. Let's get this to close in the high 4's.
New support in the 43-44 range. Looks promising to hold the PPS here. Let's see if this can make a small reversal before the bell. It would be nice to close in the high 4's.
Going back down to the LOD. After the 46 is taken out we drop to 43 again. That aside 500K of support from 43 just came up to 46 so now we are pretty much thin all the way down to .004 if the 46 level doesnt hold. I'm not loading anymore shares. Too much manipulation and bid whacking. Looking forward to an interesting next week.
Massive resistance in the 48-49 range including VNDM. Share count: 1.6M and VNDM with hidden shares. This may head back down unfortunately.
There is still continued dumping and bid whacking. No buying pressure at all. This may not be going anywhere today but could see a nice bounce reversal next week.