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Yes I saw that. Not long term investors. Smallcaps and microcaps/penny/sub penny stocks are coming out bear market we had last year. Many bargins in Dec early January.
In every market segment size one needs to be diversified. That includes the microcap, penny cap, sub penny cap sizes.
A technical analysis site put a out sell stop loss signal on Friday 13th. So all the herds acted and are selling. The fundamental investors buy on bargins and will hang in there through the ups and downs. The others go on technical. Even if it means they will pay extra taxes.
sell signal
Like I said again until we have some heavy hitters buying 10 million shares around 15:30 at the ask price above a penny the price won't move up. They bought back in Dec 2014 due to the fact that the stock got oversold. They considered the stock a huge value at .0034.
Rule of thumb never have more than 4% of your net worth in any one stock.
Too many nervous nellies, shorts and people reacting to the timber posts on this board. As I said before it will take about 100 people buying 10 million shares each to get this stock to new levels. This means buying the stock and holding and not flipping it for a few sub penny ticks. Folks in the country clubs are saying the investors are scared that is why they are selling so much lol.
With the news from dec 2014 this stock should have been at least .10. Other OTC stocks moved from .0030 to .10 in new time since Dec 2014.
The only reason why this stock actually moved up was the fact that someone put in a very huge buy order on with $37,500 (10.5 million shares) of capital on 12/26/2014 @.0034 a share, that was around 15:30 in the afternoon.
Time to get some sleep. It will be an interesting trading day for a lot of microcaps. Maybe we will have a huge MJ rally today.
More info on Sucralose from a doctor.
doctor says its healthy (Grins)
Lmao. I have my $20,000 60 day order in at .0063. The shares will be locked in for the long run since it is in my IRA.
No pr(s) until after the earnings report. The stock has a better chance of staying at a higher price with good earnings and a good pr after the earnings report.
They do it in the other forums also. The pumpers seem to pump up their favorite stocks 24x7. Hopefully the pumpers will pumping on Tuesday morning to keep the bad news bears/nervous nelly posts from being recognized.
What is the buy/selling pattern of this stock after a Holiday weekend ? Do you think we might hit .0074 or maybe .0063 on Tuesday ?
Maybe this is the reason for the massive selling. I know when it was brought up a few weeks ago a selloff started. Here is some information on sucralose dangers. Not good for folks who are diabetic.
article
another article
The investors at the country clubs (the ones will 1 million shares) are planning to dump the stock asap because of that ingredient. This explains why the stock can't get to .02. You will notice they are selling into rallies, very bearish sign. One fitness chain said no no to the product when it was suggest to them carry it their cafes.
Hopefully for the longs that ingredient will be replaced with something better and natural. But that will defeat the purpose of not having that many calories.
Look at the ingredients and you find a lot of people will not buy the product(s). One of them is a sweetener this is a big no no in the fitness world.
What is your stop loss in case we have selloff ? Would you sell if the stock goes below he 50 day moving average ?
Thanks for the info on the quarterly report. This is the Friday before a Holiday where the markets are closed. If the pattern stays we will have a selloff when folks cashing out a lot of stocks today, then buying back in next week.
Welcome to the Spdr S&P Russian ETF fund board.
Too many people flipping for a quick profit. Also when you look at the number of trades per day 200-500 you see that very few people trade this stock along with other penny stocks. Just takes a couple people to put in a bid with million shares are a low price then bingo the price drops down like it is falling off the cliff. You have to understand the nature of penny stocks, people go in and out of security to the next hot thing. Very few people do research to see if it is a sound investment. The good thing about this stock is that we have a real company, real products, profits. Right now there are way too many shares of this stock out their available. It would probably be at least a $1.00 if there were not so many shares. If you go back and read the documents that the company filed last fall you will see they issued more shares to raise cash to keep the company running. That is why it went from a penny down to the sub penny price of .0026 from August of 2014 to Dec 2014. This morning before trading some one posted some stuff that spooked investors and they sold like a mad dog. Fear does some amazing things. I am sure many of these type of folks sold at the bottom of 2008-2009 financial crisis instead of dollar cost averaging during the bear market.
Do you think the stock will ever hit .02 ? Seems like everyone is dumping this and moving into the next hot microcap. You can tell because every time it his .01 massive selling kits off. It is like oh crap let me get out while I can type of attitude.
Major short positions on this stock.
look at the short volumes
It is just a matter of time before the shorts get caught in a squeeze.
Major short covering going on.
shorts on ijjp
1/2 half the volume on Monday 60 million shares was short. We might get quicker than a penny they we realize.
You can run but can't hide. A bunch of firms got in trouble for not making sure they had processed the stocks for sale in the fall of 2014.
article about etrade
Funny how they flipped (american bulls) after the run up. So in the past few days we have some technical analysis guys coming up with videos, one today and one on Friday. The herds react and stampede up the price. It will be interesting to see how fast it takes to get to a penny. That press release last week about the ex-IBM guy getting promoted put this stock back on fire. In mid January the penny stock promoters were pumping up this stock.
Some positives about this stock.
1. It is owned by institutions.
2. Device is going through FDA reclassification process.
3. The stock is cheap compared to last year April/May 2014. This is the time to accumulate during capitulation. I got my shares at .0004 when there was a huge selloff.
4. Today there were more buyers than sellers.
buyers/sellers/ownership
5. More on ownership
ownership
6. Technical Analysis
link
7. The stock is at its 50 day moving average on the daily chart.
chart link
Thanks for the video and the explanations about the triple 000s price movement.
That looks good that the 20 day moving average is crossing over the 200 day moving. When the 50 day moving average crosses over it will be gang busters.
He is probably waiting for a higher price to close at. Maybe he put in a order to sale and it was not filled or partially filled. It was nice to see the stock close above a penny again today. So far 3 days in February it closed above a penny and 3 days in January closing above a penny. My penny stock buddies are surprised that this stock has not crashed like so many penny stocks after they reach a penny. There are some other sub penny stocks starting to go up that might catch peoples attention, we will have to see if they take profits in this and play other ones going up to a penny.
Stock had very good strength today. It would not even go below .0007. Normally the jump all over the place but not today. My order expired.
80% return since 1/30/2015.
Got to love these penny stocks. This morning all mine were green then selloffs but this one and a few others closed up for the day.
I selected microcaps between 1 million to 300 million in market capitalization with prices between .0004 to .001.
New investors are coming on board. Found the stock tonight via my brokerage stock screener.
Humm. I just checked yahoo and I don't see the info. Give the url. I checked on etrade and cnbc they still have it listed as 554 million outstanding shares. I will check with my buddy at another brokerage firm.
Check your brokerage. The shares outstanding is still at 554 million. So far so good the authorized shares have not been converted.
Time to load up some more before it goes up more. I got my shares at .0014.
Time to accumulate. I got some yesterday at .0020. Will pick up some more on pullbacks. Remember the outstanding shares is low compared to other microcaps. Once some news comes out this stock will shot up like a rocket.I am glad that I waited for the pullback before dipping at .0053.
Technical analysis
technical analysis
Once we get to a penny an maintain it for a while institutional investors will start to accumulate in anticipation that the stock will go to a dollar and get put into the Russel 2000 or s&p 600 small cap indexes or wilshare 5000 indexes.
It never happened last year. Yes it peaked at .04. I was wondering how long do you think we will hit .05 ? I know with rgmi it was at .0032 in dec 2014 and now it is at .10 outstanding shares is low at 73.2 million.
Another run past .0043 ? Looks like it ran up then sold off. I got in at .001 and .0017.
Shorts fought hard today. I watched the L2 data and this trade caught my eye. Must have been a short covering. Right after these sales kicked in the price dropped below a penny and never came back up again.
3355000 0.01 33550
4059800 0.01 40598
That was around the time some posted that cdel dumped. For folks that don't know cdel is a brokerage firm. One of their customer(s) is really trying to keep this stock below a penny.
info on cdel