Time to count my penny stock tax write-offs! 1.....2.....3.....
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Sadly, imo everything points to the company getting some money off these shares. There's no convertible loans, you can look on the financials for that.
But the biggest thing is that the dump was this week, right with news. News barley ever comes out with this stock. I think he had full plans to dump for a while, and used this news as his way to sell. However, the news wasn't released on ihub. No one saw it, and so the share price did not get the boost and volume he expected. Therefore, it was dumped into an open market, and dropped the price.
But on a bright note: 1: There was a lot of demand for the shares, and the price didn't take as bad of a hit as I woulda expected.
2: This has happened before and the price has always rebounded before. As long as the dilution isn't constant, it should rebound again.
3: vfin did completely leave the ask in the last hour of the day on Friday, the first time he was completely off since the dumping started.
We'll just need to wait for monday to see what happens.
This stock doesnt have any convertible debt, imo the co wanted a few dollars to make their financials look better
vfin completely off the ask, could the dump be done?
I hope not too, the ask still looks fairly thin, especially with all these new shares. It will bounce when the selling is done, the big question is when?
Not ALL hope is lost, this happened a few months ago, lots of shares sold at 11/12, it was back in the 20's within a week
VFIN did this once before a few months ago, sold a bunch at 11/12. Once he went away, stock rebounded nicely, was back in the 20's the next week
This happened yesterday too. There's a big buy at 14, and then a little while later there's a mirror trade for the exact same amount. ihub shows it as an "average" trade. What does that mean?
We all know how the penny stock world works. It's not always about finding nothing but legit stocks. It's about making money.
Have I made money here? Yes. Do I think this is a good stock to invest in? No. There's been nothing put out by this company in years and years. It's not even about playing the stock just for the hope that something will happen. It's about past history of the stock and hype.
IMO there's a completely different scenario here.
It could very possibly be MM games. I don't see anyone holding that many shares. It very well may have just been a share transfer between mm's.
Did anyone around here get any 1's? I wouldn't be surprised if the answer was no. And there were still lots of 2's being sold right after the block of 1's, almost like they skipped over those orders to do the swap
The MM's wanted to scare some people into selling, and it may have worked
There doesn't look to be that much between here and .002, just no demand to actually buy the stock
410 K at 61 isn't support?
Ummm don't get me wrong, but the .0022 looks like a paint. You seem to be very eager to point out all the paint jobs, but you missed that one
Aww come on lakers, you lose a little credibility there...a MILLION dollars? You didn't gain THAT much now, that's like saying you made more on this stock then the entire value of the company
Are we so sure there was major dumping here? From what it seems like, perhaps 1 or 2 people got out and everyone else followed. Not gonna lie, I sorta followed suit, sold all but 50K. Can't win them all, but did we sell too early?
ty :) back to sleep!
I think I put that order out a month ago, last time I was awake. Sleep doesn't cloud my thought on where good money is, I will tuck the shares away in my pocket
.....Me. Thanks!
Then slap the ask lol, bid sitting might get you to miss the train. I got more shares yesterday so I'm tapped out, otherwise I'd be hitting it, less then a penny is golden imo
Thanks for those 97's, whoever was dumb enough to offer them
Looking good, slightly more bid support too
Someone else needs to take out the 99, I'm out of powder, I can leave the bid support up.
Any takers? Group effort here can do wonders
All we need is a little attention, this will move up so quickly
Yes, excellent job, let's try and reach that penny today!
I've always been in this, just tend to be quiet when nothing's happening, but I still have a nice chunk beyond what i got today
Ugh you guys are killing me lol...
There, now move that sucker!
I see 52K at .008 and 100K at .0075, that adds up to 150K lol
IDK who is whacking, but i received the shares, so thanks!
If somebody just took out the 88's then we could see just how thin this stock is and see if there's anything else before 130
Very nice, but will it hold? Horrible gap, .0025 X .016. Hope it doesn't get whacked down again
What sticky is junk? I can't imagine which one it could be lol
Just some food for thought, not saying it's gonna happen...
Would anyone's view on the stock change if all of a sudden the 5.4 mil on the bid got taken out in 1 hit?
Oh wow, someone else actually looked at this board? I'm shocked lol. I've been sitting on a few shares for a very long time, think there's any hope for this stock? Any breaths of life are always nice, even if it results in a down day
Had to get a starter position here. Low floats are my play, and that financial really showed this is a true low floater. Good luck to all!
I wouldn't be so fast on the net hype. While there are a lot of posts here from the same people pumping the stock, the boardmarks has stayed very consistent between 195 and 200. IMO that shows that the people that are in it are staying in it. All the other times, when it spiked the boardmarks would go up 20-30, only to go back down again. It didnt go up this time
Oh lakers, even you need to admit that it's slightly different this time. Every other time, the price has been up and down within a day. This time is different. The price is holding at a level more then 50% above the last levels we've been in for years. The L2 is much thinner then it used to be months ago. Perhaps it's time to face the facts that perhaps we might stay up at these levels
But I'm so comfy over here....
Zzzzzzzz one eye just opened. Is this finally the end of the nap? Or I am just rolling over to fall back asleep? The volume will answer that for me
Did anyone get any of those 71's? Looks like nite got a lot and is selling some for a little flip
Good job MM's...
.00253? I wish I could play with that 5th decimal spot
So does anyone wanna put a guess out there as to today's trading action? I've never seen anything so strange as to the middle of the day, over 100 trades of 10K each