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Is 15 million shares traded per day dilution? $12,000 worth? 1.8 billion A/S is not a huge amount for a non-reporting limited information Pinksheet stock. There's only been 1, and by that I mean one single day, that POPN has seen over 100 million shares traded in years.
AS stated previously, by reading the chart alone, it was easy to see how a trader could flip this for an easy profit 3 times in the last month. I stand by my chart prediction that POPN will test the support of .0006 this week as the downtrend continues.
The low support level is currently at .0006
Trading stock in Pinksheets like POPN is very comparable to rolling the dice in craps, you can make money but the odds are against you. For the majority of Pinksheet investors and traders, who don't have a large base of knowledge in securities and the trading of them, it is just like rolling the dice. I hardly see a need in trying to compare "rolling the dice" in gambling and losing some value of your portfolio with being horribly injured or getting cancer and dying. Attacking a trader's character for simply making a statement like "good luck with your roll of the dice" is unnecessary and uncalled for.
This board and the people who post on it need to stick to the subject matter of POPN.
On the ADX, the +DI is ready to cross below the -DI. There just might be another drop in PPS. RSI is at 43 and heading south. On a good note, Accumulation has been steadily climbing.
As with any Pinksheet stock, all the chart signs can be reversed and deemed useless simply with some strong buying pressure. You need to spend money to make money.
from a chart perspective, this is setting up nicely. the weekly is showing positive trending with SAR about to reverse. RSI is turning north. ADX is in a nice upward movement.
NITE as usual, walking the ask right down to create panic sells
over an hour since the last trade...
SIXFQ and SIXOQ, common and preferred shares of six flags have been CANCELLED, not halted. they will not trade again. six flags will trade again soon on the NYSE possibly, but not the OTCBB or Pinksheets and NOT under the symbol SIXFQ. all shareholders of SIXFQ just lost all of their shares. check your accounts when the cancellation is settled, you will have zero shares of SIXFQ.
The shares of SIXFQ are cancelled! they will not trade again. it is done. when six flags relists on NYSE, it will be under a different symbol than SIXFQ. The shares of SIXFQ are canceled and will NOT trade again on pinksheets.
This one is done.
Shareholders including Snyder, whose RedZone Capital investment group led a successful proxy fight for control of Six Flags in 2005, will not recover anything under the company's Chapter 11 reorganization plan, which was approved Friday.
http://www.seattlepi.com/business/1310ap_us_six_flags_bankruptcy.html
According to Zecco, you can still sell but not buy CXAC. On another note to any of you that use Zecco, they also no longer accept transfers of any other pinkies or OTCBB stocks from any of the other brokerage firms. When the DTC freeze first came about, it was allowed.
David: Penson Financial no longer accepts transfers of pinksheets or OTCBB stocks from other brokers.
alex: I wasn't looking to transfer CXAC, simply to trade it. Is this company still being traded with Zecco and Penson?
David: I apologize we not longer trade CXAC.
alex: So to be clear, Penson no longer clears CXAC? And will this be re-evaluated when the court/legal issues are cleared?
David: I'm sorry for the delay. I'll be right with you.
David: We are no longer allowing further opening (buying long or selling short) transactions on CXAC. There are no immediate plans to re-evaluate trading this stock after the court/ legal issues clear.
alex: Thank you very much for clearing this up for me. You have been very helpful. Have a good day.
That's what I was thinking, that it was penson, but thats what the chat window lady gave me
perfect time to buy more now
This thing would fly if people bought at the ask. 3 MM's @ .0030, and the next is @ .0078
If Tebow can give a 100% return on their investment, then it was worth it!
the ask is stacking up now due to lack of buying pressure. no trades in 25 minutes
He is referring to the market maker, CSTI
Now that you mention it, the bid depth has been getting stronger. Website should be up and running soon. Maybe some news this week?
Has anyone else noticed that over the past 2 weeks the MM's have been walking down the ask even with buys? Then magically, the ask goes back up at EOD. price manipulation at its best. I still expect something good to happen here soon
almost 99 million Form T just went through @ .0012. more dilution but at a higher PPS. shorts covering? let's hope it upticks tomorrow. might not but it would be nice
interesting how VIPR put out 'bad' Fins, yet they are now trading at 50% higher than PIHN. Dilution plus shorting equals low PPS. it might be a while before this rises back up
just got hit with 3 5,000 block sells and the MM's dropped the PPS really quick to 0.011. pure manipulation all week IMO. Can't wait for news this week! That should shake things up a bit!!!
My sell was at the ask @ 15. I put it in yesterday at close and it went through at open today. I now have freed up funds to possibly reenter at a lower price. Just gonna keep an eye on the volume and see how the PPS fluctuates the next few days...
I thought my shares were frozen after the R/S. Last time I went through a R/S with Zecco it took 2 weeks to free up the shares. I also got out without a loss so that's a plus
I was lucky to get out this morning!
Form T is an after hours trade. Shorts sell a lot quickly to drive down the price, then buy back slowly to make quick profit. If the price doesn't drop drastically, they must then buy back with no gain or a loss.
Either that or the company is diluting the market by introducing more shares for people to buy, which also drives down the price.
33 million form t @ .0017 at 4:16. might be shorts covering
Most likely will. events so far are scheduled up until beginning of May.
It actually looks even better on the weekly chart
It will no doubt be diluted but can still be traded, flipped , and shorted. Many different ways to make money.
My rule is to never be long on a pink stock, no matter what the company does or says it has.
the same people that buy NSRGY or VRML or CMVT.
Yes it is. They were even wrong on the first sell signal.