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“In truth, much of the short volume is due to market makers selling into the market a few fractions of a second/minute/hour before they close their position by executing a broker order . Due to the fact that market makers cover many of their positions seconds later, much of the short volume isn’t necessarily an indication of useful bearishness. The fact that a market maker is willing to sell and cover seconds later doesn’t do an investor holding the stock for the long term any good. The market maker could be bullish on the stock long term, and still be willing to short temporarily to satisfy a client request.”
This is what you’re referring to with your opinion of this only being a factor with higher volume - I don’t buy it. You have posted these short numbers time and time again reflecting what you’re trying to depict as astronomical numbers scaring iHub posters into thinking they are gigantic... but let’s look at the short volume on say - green and red days.
www.volumebot.com/?s=mgon
Aggregate Short Volume Data Reported to FINRA
Date Short Volume Total Volume Short Percent
05-08-2018 1,353,708 2,893,118 46.79%
05-07-2018 4,279,503 7,537,349 56.78%
05-04-2018 2,879,991 4,163,466 69.17%
So today we had a lower statistical percentage of shorts (46.79%)when the PPS went lower...yet when we look at May 4th for example when we had a particularly large PPS increase - 69% of it was “shorts”. On what you now would refer to as “low volume” where the MMs have “plenty of time in between bids and ask slaps to process orders”
I know stock bashing 101 says you cannot admit your tactics are wrong. But dude...you’re wrong
Remember the one day you didn’t post your infamous short report? I do! I posted showing how an astounding 67% of the shares were reported as “shorts” on your handy dandy FINRA report - and the PPS went up 20-30% or something. Weird? I posted this link too highlighting how your dribble about short volume is not as bearish as you would love to claim it is
volumebot.com/why-short-volume-is-important/
“Daily short volume, as reported by FINRA, is very misunderstood. Most people think daily short volume is just that — the volume that bearish investors put on to add to their short positions. A short glance at the change for total short positions reported bimonthly to the NASDAQ debunks that belief. Short volume isn’t the same as short interest.
In truth, much of the short volume is due to market makers selling into the market a few fractions of a second/minute/hour before they close their position by executing a broker order . Due to the fact that market makers cover many of their positions seconds later, much of the short volume isn’t necessarily an indication of useful bearishness. The fact that a market maker is willing to sell and cover seconds later doesn’t do an investor holding the stock for the long term any good. The market maker could be bullish on the stock long term, and still be willing to short temporarily to satisfy a client request. Similarly, many market makers often have to go short in a fast market in order to fulfill their job of providing liquidity. Other market makers will widen their bid ask prices enough to get out of that scenario.”
You either know this already....or you’re confused as the introductory paragraph to this article says. Either way...doesn’t support your “bearish” stock bashing routine. Maybe you need to stay off the greens and read up more into how this works? Google works
Nah mostly likely just an newb trying to clear a position Or heck, maybe it’s someone trying to pint the close? Maybe the guy/gal just got another play out there worth riding. This is the stablest one I’ve ever got in thankfully. Couple bumps here and there, but it only really goes one way.
Those dips are there to help us ride free shares.
PR wise tho - they have never been one to put out fluff. Just the essentials. Yet another thing that makes this such a gem to me. Doesn’t pull my chain and get me hyped for nothing. Hey maybe Moore will post more PRs? I doubt it though cause he’s been here with the gang and Ketner is still here - I really don’t expect anything to change in that department
See the terd nugget who sold at the beginning of the day 1 second in? Gotta love that guy. Was it a honest panic seller? Was it someone trying to make sure this got painted down to start the day? Who knows...Traded in the 20s almost all day with just a small hand full of sells in total.
Honest take - the shareholders here have been holding their breath. Still don’t have any GOOD reason why the PPS went down after such mega news recently with acquiring Fleaux. But I think this had everyone who did have eyes tread carefully - patiently waiting to see where the floor would set so we can maximize scooping up cheapies. Some buying confidence came back today. It should continue. We are now 4 full trading days away from the 10Q deadline ladies and gents, and like I said = My gut is screaming Thursday (for whatever reason)
He crawls out from underneath his rock! But where does he hide tomorrow after news?!?!?
Do I smell a paint job? Picasso? Are you out there?
We’ve had million volume days in the .20-.25 range so that’s not the issue. This is unknown still and that’s very fine with me. I want to be in the ground floor for lift off, not a back row seat!
Q is coming. Y’all ready?
Not going to take much to push this into the .20s
Joe Arcaro plays are worth plenty more than this
OTC markets are always @$$ backwards. I’m in a stock that purchased a 40 mil rev company an year and it dropped 10+% to below .18 lmao.
Amateurs abound! That’s okay. 2 mil shares traded here within the first hour. If people think that is a lot here - just wait til tomorrow when IVS unveils a stud merger candidate. Yikesssss
Oh we aren’t buying? Jeesh you know how many shares we aren’t buying, if only we knew how many you were scooping up on the cheap ;)
Good luck shaking the tree kids! 10Q is days away - only 5 full trading days left and i got a feeling it’ll be out sooner. Got a gut feeling for Thursday! Will have to look later to see when they habitually posted
“Reinstatement fee, along with an additional fee for expedition has been made towards the reinstatement of Megola inc ($MGON). Expect changes in management to reflect via Nevada sos by Wednesday.”
IVS just tweeted!
Hilarious user name lmao. So subtle. Welcome! This is an incredible buying opportunity. I wondered how many new eyes would take to this since this is a just a speed bump for the stock. Great timing for those who catch wind before the 10Q. New longs will be made in this dip for sure
I think ineptness just did rear it’s head when you posted. Your track record speaks for itself. You can con some here out of their shares but you ain’t getting mine ;)
Custodianship granted!
But wait didn’t the SEC lawyer friend say that old management was going to come out of the wood work for this one?
Here we come multipennies!!!! Bring in the merger candidate IVS!
Accumulation is rock solid with the PPS heading south so the buying pressure will be there waiting to explode when this does ;)
RSI - 46!!! Wowsers over sold much? I don’t recall it being this low in a long time. Doubt this goes below the 50 day moving average
Fantastic. The news here may end up breaking after hours!!! Who’s going to get caught chasing this one up before the announcement?!?
They won’t be happy soon at all once 10Q drops imo. Shorts wanna reel this in before the big news drops? Sounds like business as usual in the OTC
My shares are locked; know what you own
Cup and handle forming fringe chart. This is gonna explode up again soon enough
If this busts .0015 this is going balls to the walls today! Slap it
IVS biggggggg update today any hour. Love it
I’d love for it to drop today - would set a GLFH ask slapping record for those not ready for it ha
Every time Ian and Mvp come to stock bash to collect more shares - this thing just shooots up. Their timing is impeccable.
10Q to be released soon. We can talk profits then ladies
Agreed with the first two. But your track record regarding this stock speaks for itself. Keeping it in the realm of sports; I would confidently say that the probability of you and MVP (aren’t you not the same person?) actually saying something relevant and actually on point with this stock is less likely than the Cleveland Browns winning a Super Bowl.....Stanley cup....and well all of them.
I’ll acknowledge one thing that tool is right about. This is an actually flipping opportunity. It’s hilarious that he’s changed his tune about how this will “never happen” to “well it’s happening but this is a flippers paradise”.
Imo - this will run to 0.02 without news monday til the court preceding is over - then once it clears we run to mid 0.02 or 0.03 easily before some profit takers take a piece and give the longs another shot at cheapies to 0.02
Lmao. Yeah bro I had Trump winning the White House. And now that the sixers/heat series is over I can finally say that I had the Sixers winning that series, and I also had the sun coming up this morning. Dude I’m like 10000% on all my calls. Trust me
From a technical standpoint this should actually take flight again. Market is anything but rational, especially in the OTC, but the chart says this is gonna pop soon
Hey I’m picking up invisible bagels - anybody want any? Happy Saturday
Paulson is the agent that is in charge of finding these new opportunities/investors. They have the contacts. All the people they’ve uplisted - couldn’t be done without finding the right people to fund those companies.
What’s to stop Paulson from fronting the money themselves and in exchange getting some preferred shares themselves in a new deal since the share structure seems to be changing? Anything is possible here.
To be transparent as they’ve been and up front about everything going up until this point. I am trusting the process here. It’s taken me to 300%+ gains so far. I think we’re in good hands
Oh boy. Sell your shares if you own them then bud!
If you think this goes down to levels that only ASCM could walk this down to, then I have a friend for you. He’s a Nubian prince that has a get rich quick scheme. You just need to send him your SSN and bank account info and ...well we can start there! If this goes down to anywhere .15 the volume is going to explode here
Checking the chart:
Accumulation is still super high! With the PPS drop today you’d expect to see a large drop in accumulation of this was tanking. Nope!
Accumulation staying up + PPS going down = increased buying pressure baby! The more it drops the bigger the rubber band bounce this is gonna be back up! Probably before the May 15th deadline of 10Q
Which by the way - 6 full trading days till the deadline. This 10Q could drop any minute
Professional team is exactly what it is. These guys are very familiar with how it all works. They’ve worked together and/or with each other for a while so this “switch” in CEO is a non issue for me. Ketner is still aboard the ship. He still has a shit ton of shares (we’d
Be notified via form 4s if they were selling). Trey is a boss and has been very successful, arguably the most successful of the bunch!
Just saying...look at Paulson Investment. This is all you need to look at to see where this is going! Fleaux Solutions + Fleaux Services now with the brain trust of all three together + revenue & profits + Wall Street Firm Paulson = this is gonna be a biggggg year
After 1 look at the companies Paulson has helped uplist....I’m all in baby
Guy with the 62k shares is just walking it down lol. Very funny to watch on the L2! Well looks like I’ll be selling some other investments to pump in here! Let’s goooo
Oh boy that would be something! The volume would probably pour back in to the 7 digits here with the 10Q dropping soon. Would certainly help create new longs
They expected this stock to be 0.80 by the end kid the year without their recent purchase of Fleaux Services. What kind of expectations are there now ya think?
volumebot.com/why-short-volume-is-important/
“Daily short volume, as reported by FINRA, is very misunderstood. Most people think daily short volume is just that — the volume that bearish investors put on to add to their short positions. A short glance at the change for total short positions reported bimonthly to the NASDAQ debunks that belief. Short volume isn’t the same as short interest.
In truth, much of the short volume is due to market makers selling into the market a few fractions of a second/minute/hour before they close their position by executing a broker order. Due to the fact that market makers cover many of their positions seconds later, much of the short volume isn’t necessarily an indication of useful bearishness. The fact that a market maker is willing to sell and cover seconds later doesn’t do an investor holding the stock for the long term any good. The market maker could be bullish on the stock long term, and still be willing to short temporarily to satisfy a client request. Similarly, many market makers often have to go short in a fast market in order to fulfill their job of providing liquidity. Other market makers will widen their bid ask prices enough to get out of that scenario.”
Sorry just had to post because his only scare tactic isn’t exactly what he says it is (anyone shocked?) it’s your last full trading day buddy! I expect a full court press for the short bus today. Know what you own unless you’d like to own a pair of invisible shorts instead of a party hat come May 7th
https://fintel.io/doc/www.sec.gov/Archives/edgar/data/1574676/000106299318001893/form8k.htm
8k - “The acquisition is contingent on Galenfeha’s ability to raise the funds, and the Company has engaged Wall Street firm Paulson Investment Company, LLC as the lead placement agent for financing the transaction.
Galenfeha’s founder, Mr. James Ketner stated: “We have a lot of work to do, and I want to inform the public of some upcoming changes, so there are no surprises. Mr. Trey Moore, President/CEO, and founder of Fleaux Services, is assuming the role of Galenfeha’s Chief Executive Officer. I believe there is nobody more qualified to take the position, as he is a young, charismatic leader with a great operational history in the oil and gas industry. He has the ability to lead the company to continued growth in the future. I will be working directly with Mr. Moore over the next several months as he transitions into the role.”
Building on his historic relationships in the oil and gas industry, Trey Moore founded Fleaux Services six years ago. The company is now a premier provider of oil and gas measurement, automation, and control equipment, boasting revenues of approximately $21m in 2016, approximately $36m in 2017, and revenues for first quarter 2018 of approximately $12m.
https://pro.edgar-online.com/ipo.aspx?ColLeft=3c2bcac1-dbf5-4776-9d3b-89001baee8d5&ColRight=8f868e57-3ba1-4041-b578-ce99dd25a3da&ipo=1&cid=1248&name=Paulson+Investment+Company%2c+Inc
Here’s a list of the companies Paulson Investment LLC has helped uplist to the big boards by the way. Can you find any start ups listed under $5.00 Seriously look for yourself I stopped after the first dozen. So we are acquiring a business that makes money hand over fist....acquiring a placement agent to acquire even more investors that has successfully served as the lead underwriter for numerous companies facilitating transitions to the big leagues for multipleeeeeee dollars. I’m scared dude. Scared of missing out on this once in a lifetime opportunity.
We have heard your dribble before about “every deal is with the same guys” blah blah...so which is it?
On one hand you say we should have concern about a new guy being CEO and Ketner stepping down (you said leaving, which is false and misleading if you read the filings. Shocker!) Ketner is sticking around and says he will continue with work closely with the new CEO
NOW on the other hand you say we should have concern with GLFH continually making deals with the same people...now hold up. We are now supposed to be scared of people that have insider experience with the inner workings of the company?! I’m at a loss. Are there new people we should scared of? Or are they all the same people we make deals with that have intimate knowledge of the company?
Please explain - I always make sound investment decisions when people who have no holdings in the stock give me warnings of doom and gloom.
Good to see you back bud. Bring back some more eyes on this stock! ;)
Of course they both show up roughly at the same time! It’s like you go to the news station and see Clark Kent, but then you look out the window and see Superman 10 mins later, ya know what I mean?
Welcome back kid(s)! Last time you were posting I believe this stock was doing wonderfully reaching new highs weekly! Collecting more shares for the next leg up I see
No buyers today? 600k shares traded today: Did people sell them into thin air? If I’m not mistaken - there was almost 600k buys today under a penny for somebody, no?
Only traded within 0.009 today from the closing price yesterday lol. No real holders want to sell much lower than this clearly. *only 1 more trading day to scare people out of their shares* Ahhhhh! The pressure!!!
Hey your “skepticism”/pessimism has usually resulted in good things for this ticker - you’re GLFH’s secret weapon!
Fact is there’s so little eyes on this ticker that this news may have not even been seen by those who are on top of it. I get alerts the second they drop, but I’m crazy and need to know this junk. Others may stumble on news on the OTC markets website eventually scouring for new filings. To say this news is not being well received —> is false and an understatement. Or maybe just plain ignorance. My friend who I message about this said we should get some form 4s soon after this big news. I’d venture a guess that we probably will - maybe there will be more info on it, who knows
But yeah the company I put my money in just purchased a company that is making north of 12million in their first quarter of the 2018 year.... I won’t be losing any sleep tonight on that breaking news
Hundreds of thousands of volumes traded today and we are no worse than we’ve been all week. This is lining up to be a great year
This 8k has def inspired me to want to call Mr Ketner again, especially cause he will be taking a back seat. It’s like he has orchestrated a fantastic maneuver for this company beginning in 2018 / late 2017 - in a Philadelphia sixers “trust the process” type of way.
From what I understand from the 8k - the shares that are locked up are now going to be converted to common stock. This is to facilitate the conversion and uplisting to the NYSE by making it less complicated . Think about it - the more businesses we acquire the more hands we are going to have in the pot. The share structure in place before may not be enticing to future companies, and this could be a big move to help attract more companies
“The acquisition is contingent on Galenfeha’s ability to raise the funds, and the Company has engaged Wall Street firm Paulson Investment Company, LLC as the lead placement agent for financing the transaction.”
I assume this may be the firm that will conduct the uplisting? I don’t know though for sure. Worth a phone call to see what the scoop is
“Building on his historic relationships in the oil and gas industry, Trey Moore founded Fleaux Services six years ago. The company is now a premier provider of oil and gas measurement, automation, and control equipment, boasting revenues of approximately $21m in 2016, approximately $36m in 2017, and revenues for first quarter 2018 of approximately $12m.”
So we pull in Fleaux solutions 8 mil (to maybe exceed) with their 42+ mil...and we have the makings of a big board stock. It just needed the right catalyst to pull all these moving parts together