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That is not what I wrote. I wrote that a technical buying signal has been triggered. There was no claim that institutional money was coming......"new money" simply implies that other people using the same services (call it "flipper software" if you like) may be looking at buying EXPH. I don't even claim that would be for long-term holding. SBB you are reading things well beyond my simple statement.
Today's action has triggered technical buying signals on some investing services I use. This could get the attention of some new money.
Didn't see this on any news feeds, but EXPO did hit this site's "Pink Sheets to Watch" list:
http://theinvestmentpitch.com/?p=564
Right, I agree. Actual sales are required after all of this build up....that is what I meant by "announcements that could lead to earnings"
Problem is, these 'runs' are nothing but speculation bubbles. Like the boy who cried wolf, the most recent hype barely moved the stock.
I won't go as far as calling the company a sham, but c'mon BSRC you need to stop this PR nonsense and deliver some news that could lead to actual earnings!
Here come da RINO! Easiest 10% percent ever made.
I have never been, and do not plan on being anyone's bag-holder.
However, those of us who bought at 5-9 need to have a little backbone and let some things play out before panicking. This reaction is just what the shorts want.
Despite all of the gloom-and-doom forecasted over the last week, I for one could still sell at a profit (if I wanted to).
I agree iTrader -- anyone believing there is an organized, powerful, and well-financed conspiracy to take down EXPH should not be holding!
On the other side, there are (albeit second hand) reports of change coming down the pike as well as a clear wave of recent buying.
Conclusion? Anyone saying they know this stock's future for certain is only guessing.
Nobody is claiming that someone's timing was so perfect they bought all their shorts at the .03 , have never covered those shares and are taking a huge risk trying to milk another small percentage of profit.
Short positions are often built over a period of days/weeks/months just like long positions. It seems likely some were bought on the way down, maybe even as low as .0007. That could still mean a lot of potential money lost.
Nice AH earnings report! In these unpredictable times I almost never buy just before earnings, but did so today. This position will be profitable for a short or long term hold -- not sure how I'm going to play it yet.
Yeah the MMs will gladly help get your shares sold at .0008, then make you still buy at .001.
Right before your post I was wondering why the ask isn't dropping.
That *is* kind of funny. Look at the 50 MA slide right between the candlesticks!
That table demonstrates the resistance I wrote about earlier today. People are indeed gun shy about about buying at .001 right now. As soon as the ask dropped to .0009 there were buyers. Granted it was only a short test, but this same support level has been maintained all week. EXPH can't drop to 5-6 with more people snatching up shares at 9.
IMO
I think the resistance at .001 has to break eventually, but it could require a new CEO announcement. Even penny stocks are not completely immune to overall market forces. Lots of FUD and a bad retail sales report today to boot. The last few days are not ones for potential EXPH investors to say, "hey, let's get out of these boring stocks/bonds and look for some new volatile micro-caps to get into!
This is my opinion, not a statement of fact.
Great point. If it does drop to 5, I'm goin' Karl Malone on it.
Great! A golden opportunity to buy more shares!
It is too simplistic to attribute today's move to any one thing. Clearly, all of our divergent trading philosophies are creating a complex dynamic. It's much more than just being a bull or bear. Many of us have very different expectations and time frames for those expectations to materialize.
I see many of you being psychologically affected because of what happened last year. Those who are newer to EXPH may be looking at those events in a more detached way and thinking, "that was then, this is now".
No doubt today's trading as a whole showed uncertainty. If some people wanted to lock in a little profit or cut some loses, I don't blame them. Maybe it won't fly to the moon, and maybe I'll decide to be happy with a smaller profit and not take the chance. However, I also think anyone would be crazy to start a short position in EXPH now
This is my opinion, not a statement of fact.
Who buys micro caps at Market? We all know there are no 'sure things' and that EXPH is high risk.
Yes, price does matter. Just because I'm hoping to catch a downtick now does not mean I won't raise my limit later. Who knows, I could be one these people hitting the ask near end of day.
Fair enough. It looks that way based on what I can see.
If it does drop to .0009 today, mine (and I'm sure several others') limit orders will kick in.
EXPH buys = 17.133.438
EXPH sells = 1.962.000 of which we have pascal's post with 888.888
sold at .001
Considering the huge run-up over the last days, that statistic says it all!
"Collapsing or more likely retracing and consolidating after a 300% run up."
Exactly. A little consolidation here is a healthy thing. I'm expecting support to hold at 8. Last week it was 5. I'm no math genius but that would be good, right?
Reading between the lines of today's volume/price distribution, it seemed to me there was a core of buyers at .0009 and .001 that wanted to hold on. Not enough to counteract all the dtraders you speak of, but maybe enough to start a new price trend.