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.
Let me just address the folks on here who think this is going to be a 10 bagger tomorrow - IT'S NOT. You can flip it if you want but all you'll get is frustrated. If you believe the DD and you do your own DD and understand the trends and want to invest in this stock (AT THE RELATIVE BOTTOM), then please invest! If you're gonna invest on "hype" or for a short-term 10% gain and then complain when the stock goes down and "people deceived you", go away. We don't want your kind here. You either believe the merger potential or you don't, but it's not happening TODAY. And it's probably not happening this week.
So if you're people like me, you love the opportunity to bid sit and grab cheapies. Heck, if it drops to .0085x.009, you'll slap the ask! I'm the person who bought the momentum play and slapped the .018 you see on the chart. Then I was stuck 40% when it tanked back to consolidation. Instead of selling for a loss, I've averaged down and now I'm even and approaching a gain. I did that because I researched this and the DD is solid - THIS IS A SOLID COMPANY IMO. If you don't believe, just get out now and don't complain about people ruining the trend. I see the trend that this is and will become.
How did I destroy the trend? I've not sold one share and I've supported bid at times during the day for 10 days now. You're really going to blame the fluctuation of this stock on the longs that are here, holding for the news we know is coming? You need to look elsewhere.
It doesn't matter what anyone thinks - I know the end game here and I'm loading up for it. If you want to be on board, that's great. If not, good luck elsewhere. I'm not gonna beg for support of this stock - those who know it's value sit here and wait for the big explosion. I'm realistic in my expectation of this stock and know it will take a bit of time but eventually I'm going to make the payday I've calculated on this stock. Until then, enjoy bidwhacking for a loss.
So if the other 2 hammers in the chart are any indication, we should see buying pressure today and a green close. Let's start the day off right :)
I'll be on bid support early. I hope familyof5 or someone will join me as we try to bolster the bid and force people to slap the ask :)
And if anyone does sell, more cheapies for me!
familyof5 - I appreciate your efforts, even if some on this board do not. I do hope you will continue to support LUXD via bid support and ask slaps :)
As long as our core members remain united with a large amount of shares, this stock will run the way we want it to. The timing is the only question at this point.
If we want the golden cross this week, we're going to have to keep the stock at least at .009 and rebuild support there until the cross. If we remain in between the 50 MA and the 200 MA, we will not cross for a while! Familyof5, I love the bid support btw :) at EOD, does someone care to slap the ask a bit and see if we can close this around .009 or .0095? It would be great for the chart imo.
Maybe this theory makes sense:
MMs knew a block was being dropped into the market today (as part of the conversion/selling process) so they dumped the shares they had this morning in order to grab up these new shares. They will now sit on these shares and on the next wave of buying, they will be able to facilitate the demand required for a steady progression up to .02+
Not too sure on this but I'm hoping my theory is right. Onemessage, any more blocks coming in the future? You can probably tell in your crystal ball :)
That huge block was shares from the conversion again, right onemessage?
So by your estimates, the shares from the conversion should be over (or very very close).
I am with you on that. I'm loading on dips when I get money cleared and I intend to hold until R/M news, which should be out fairly soon (maybe not within a week, but soon).
We know what we hold and who is holding, so let's take advantage for the big payday at the end of the road.
So it's your opinion that 3.3mil shares still have to enter the market for the perceived conversion shares to be complete. Then you think we will rise on the rumor with consistent buying until the merger news?
Exactly. I can see maybe flipping 20% of your position if you have a large holding but if you truly think this will go to .10 on merger news, the benefit outweighs the flip. With that being said, I can't control everything so I will simply pick up cheapies under a cent and then wait for the merger news. I've got plenty of time to wait.
You don't know me at all. I haven't flipped one single share of this and I don't intend to. You can think what you want but I've been totally transparent in my assessments of this. Does it trade up and down? Yes. Is the merger news potentially coming fast? Yes.
I don't want to be flipping this around a core position and miss out on merger news with only half my position intact. Do what you need to do, but do so at the ask if you must.
Wait, what about dilution? I was gone most of this weekend so I haven't read the board much. Someone came and pumped a stock or something?
I'm behind this play 100% and I hope many others are as well :)
Smit, how many shares are you sitting on? Slap that ask my friend! :)
We're boucning nicely off 50MA at the moment. The golden cross will not come to fruition, though, unless some people put up some cash and slap the ask! People are exiting because this is a long-term play and they can't handle the price not skyrocketing up. Everyone should remain patient and collect shares. I know I am!
Yeah that was a crazy seller. onemessage, did you sell your shares today or something? haha
Bid support @ .009 is very strong. Someone dropped a ton this morning super cheap - impatience I guess. This is bouncing off the 200 MA very nicely and I expect the golden cross later this week. If some folks would start slapping the ask, it could happen tomorrow with a green close :)
Just picked up 80k @ .009 (81405 to be exact)
I'm now 250k long and strong! Slap the ask and let's do this!
I'm on bid support this morning - .009. Will move up if I need to or slap the ask in pieces if the morning is slow.
That target is only achievable at the moment with the R/M confirmation. On rumor, though, we will see .02 easily - we just need volume and a decent market week in general!
onemessage - any take on today's down day? I'm still holding strong and I believe our core longs are as well, but I want the master's take as well :)
IMO, low volume all around just means this stock is pausing before the next leg up.
Also, what is your take on the 911/411 trades? Have you seen it amount to anything before?
Low volume day but this is nothing but a pause in the uptrend imo. Let the weak hands shake out to the stronger hands because once these levels are gone, we will be on our way to .03 IMO.
I finally got more cash settled tomorrow I think so I will be bid-sitting all morning in case more weak hands shake out. I am holding long and strong with 175k shares and if everyone will just hold strong as well, we will gain far more than the impatient flippers trying to spin a .002 per share profit!
The market is down today, so LUXD will suffer as a result. Pick up cheap shares from weak sellers! I will be adding tomorrow
Why does there always have to be a promotion? This stock has been extremely honest in its filings, the longs here (including myself) have locked up the majority of the float and the technical indicators are pointing this skyward. Only after all of these things have people been taking notice...mainly this weekend. I understand that most people think penny stocks are garbage but this one is operating as true as it can. I hope you are buying at the open because we stand a good chance to hit .02 tomorrow :)
This is my last post of the day so let me address this to all new stockholders:
The float is higher than 7M now, but that is a good thing. The company had a $60K convertible note that we believe they have converted to stock and sold in large blocks on the market these past couple weeks. This cash raised paid off a debt that would make a merger with them clean - THIS IS GOOD! The shares dumped into the market would roughly double the float, but 15M(ish) is still a super low float to be moving on. The other good thing about this is that it increases liquidity for the stock when some start to take profits. You don't want to be locked into an illiquid stock!
Some will view this as dilution and a pump-and-dump scenario, but if you do the DD, you will find that the dilution is most likely the event of paying off the convertible note in order to finalize a merger agreement with a substantially larger company. I would still advise everyone to buy into this stock and buy/sell at the ask! This is all just my opinion
Check the other 10-Qs submitted the same year:
'primary operations for the next twelve (12) months '
use that phrase as you check the documents. It's in every recent Q filing this year - so imo, it's a good sign but not the sign that one would be ecstatic for. It doesn't signal a confirmation of a merger imo, just that the company is still liquid and functional (not heavily bogged down in liabilities). I just wanted to put that into perspective before it's spread all over the board like a plague lol
Buys outweigh sells 6:1
Low volume and churning at this level start the basis of a new bottom, which makes this stock fundamentally stronger. We don't need the large gains just yet - a slow and steady gain is always better for long-term investors than a quick rise and sharper fall. Be at peace with your DD and analysis - the rest will come. I suspect that anyone selling at this level is people flipping their .004-.008 shares that might have been kicking around before serious accumulation began.
The stock is going to run eventually - just continue to be patient like I am and let people take some profits for a slow, steady gain. It will benefit us all in the long-run!
I'm on a delay as well but it looks like all buys and a walkdown by the MMs to induce action. They had a chance to re-create the resistance around .015 though, but hopefully some afternoon buys will send this into a frenzy to end the day.
You're gonna want to take a position or add to one before the bell today because you never know when news regarding the merger is going to hit the wires! Could be anytime - AH today, Premarket Monday, later next week, 2 weeks...no one knows but I wouldn't be sitting on the sidelines waiting for a decent price to jump in.
SLAP THE ASK and let's push this stock to an HOD to end the week!
The lack of volume is the only thing preventing a full takeoff today. The buy/sell ratio right now is almost 20:1 and even as MMs take the ask down to induce buying, people STILL buy at the ask and sell at the ask! It's a beautiful thing to watch when people cooperate together. Continue holding this stock and prepare the rocket ship :)
wow that sucks - I don't know what to tell you on that. I also use Etrade and even though their commission prices are higher, I find myself having almost no difficulties buying/selling stocks. You pay for what you get I guess - sorry!
Haha, I am the opposite. I like to trade on chart fundamentals and then back up a strong chart with solid DD. Then I'll enter in and try to average down to maximize profits on a leg up.
But with this stock, there may be many legs in the short-terms (and long-term). I am eager to ride them all out!
Yes exactly. It reinforces the idea that our MA50 average is an ever-rising support for the stock. It signals to traders that this stock is a strong play so when the golden cross occurs, I expect to see a lot more buying in this stock. Which means...more gains :)
Well by all means, lock in some profits if you're in a position you like. But if you're flipping around a core position, I hope for your sake the news of a merger doesn't come out while you're not 100% vested in your position. But hey, if people profit, good for them! Keep the good karma going!
I mean, you're seeing how easy it's running with NO hype from anyone...why let others come in and mess with this stock when we have a hammer lock on it right now? We don't need the additional pumpers and bashers in here, confusing the minds and shares of the weak.
170k shares here, long and strong!
No don't spread this! You open this up to daytraders that will flip and dump this stock! You want a real run? Let it run on its own and then if merger news comes out, we blast off at a higher multiplicative effect!
It's a nice bid support line but if you've got more powder to keep pushing the ASK, now is the time!
Eventually the scans will kick in that this baby is running and people will fuel this jet even faster. All we have to do is hold long and strong so they have to chase. More profit for us!
Mornings are always slow - then we pick up volume and momentum as power hour approaches :)
I would be happy to churn a new base around .0125 today, but I would also be happy with a slow and steady day of gains up to .025 :)
Onemessage's calculations are coming to fruition and my call that the debt was fully converted and sold has come true. What else will make the non-believer, a believer?