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This is actually pretty common in a TBX play. They usually don't tweet over a weekend during a play. We'll see if there is anything premarket tomorrow. I would imagine so given it is the beginning of a trading week, even if there isn't any "news" to deliver..but one never knows.
Again, I disagree that the presence of large buys at a higher PPS guarantees that the PPS will certainly cross after a drop. It doesn't mean a thing as many plays have shown the same pattern and never come back. Refusing to discuss points with side line player or anyone else is certainly your prerogative. I'll talk to anyone regardless of viewpoint of level of experience. I prefer to engaged everyone especially those who have a different trading philosophy than mine. It's how one learns and has an open dialogue. It is with this open mind I have learned to be a better trader as a result. GLTU
On the contrary. I am not "trying to shake out shares". I am an observer and will jump back in on my own accord if I am comfortable with the flow of the L2 as well as the PPS. I respectfully disagree that "news" had any affect Friday. (or at any point in this promo. "news" has proven once again to be a non-starter) The PPS traded sideways and went red despite the announcement of "news" and pre market tweets. I suggest you do your DD and see that the PPS began its upward movement Friday on the "appearance" of WDCO, not "news' or anything else. It is right there in the chart for everyone to see. It was only then that the day shaped itself into a positive day...not before...only after. I would also suggest that it will be important to see if WDCO is alive and kicking once again tomorrow. If so, I think the chances of a positive day are good. (NITE is retail...not that same thing as we all well know) If WDCO does not appear tomorrow or is challenged in the early AM is could be a red day tomorrow. The "thousands of shares" bought at the higher price earlier are not a guarantee that PVTA will cross that threshhold again. Too many times we have seen in other plays a large amount of shares bought at a higher price before a drop. It is a mere assumption that the higher price will be crossed again as a result. Too many times that has been proven not to be the case. Despite all the tweets, "news" and the appearance of WDCO, the volume is not impressive. It will be interesting to see what TBX pulls out of its hat to get the volume moving higher given what they have done thus far has not attracted higher volume. It is essential for the PPS to run. Tomorrow will be an interesting day for sure.
Agreed. I think ignoring it by not mentioning its existance could have led to more legitimacy.
I'm not connecting those dots at all. You know how many promo's I've seen where "large blocks of shares" are bought at a certain higher PPS ...and naturally many ASSUME that because "big money" bought in up there it is a given that "the price must infact cross that threshhold" so therefore, it's going there again? Do you know how many times I've seen that threshhold NOT crossed and the assumption turned out to be just that....an assumption? I don't assume anything. PVTA MAY indeed reach new highs...and it may also come near the previous high and fall flat as I have seen so many times. That is the risk "longs" expose themselves to and I've seen it too many times to count. Nothing is certain in pennyland.
The one before this one had news early on...and just like this one...it was never the catalyst for the next leg up. "News" doesn't seem to be the big mover with these TBX plays. (the last two anyways). The promo IS the catalyst. Hype early on...and then at some point, something else has to take over. In Fridays case it was WDCO. But make no mistake, "news" has been firing a bullet at Superman with the last 2 TBX promo's.
Thank you for the direction however, I am aware how WDCO and other MM's work. The point is that the PPS and the good trading day were a result of WDCO showing up ("Appearing" if you prefer) on the bid. Before that "appearance" the PPS did not gain and in gfact lost FROM the PPS of the opening bell despite tweets & "news". I understand that your method of "investing" is to hold for "big $$". I submit that those who flip or sit on the sidelines waiting for a compfortable entry point can and are just as successful as the holding out for big $$ crowd. I would also submit that the latter also leaves themselves susceptible to losses, both large and small if holding out for the big $$ doesn't go as planned. A prime example of this would be the last week of the previous TBX play, one of many examples we could site. I would not dismiss the method of trading others use if it is successful for them and personally I would not ignore any suggestion or methodology merely because it disagrees with my own. THat's what makes a person a better trader, regardless of the length of time they have been trading. The simple fact is, this is the market, and anything can happen. No one knows for certain how a promo will end up. I will leave the prognostications to Las Vegas book makers. Where PVTA ends up this week is anyones guess. Thus far I would suggest that the promo has not gone the way TBX had planned since the beginning of the front load that got out of control. Will it recover and be a great play with opportunities? Perhaps. Personally I like seeing WDCO involved now. But TBX has a lot to prove and given it is a summer promo it may have a difficult time achieving success. I hope it does none the less as we all need more reliable promos.
The PPS in fact went red at sometime from the opening PPS to the point where WDCO showed up around aprox 945. Thus my point is, Tweets & "news" were not the catalyst of Fridays action. It was clearly WDCO with a healthy bid. If WDCO props this up again early tomorrow, good things will happen. If not or WDCO is tested early, it could be a nasty day. That's the way a stock not supported goes down.
Again, I suggest you do some DD. The open Friday was .445. The day low was .42. Hence, the PPS DID in fact go red. When WDCO showed up, the PPS rose. Thus from opening to WDCO's appearance, the PPS did in fact turn red. Perhaps you simply missed that. I was watching Friday from the open and given the ease of looking up the daily chart from Friday, one can easily see what I am describing as fact.
I suggest you do some DD. Look at Friday's chart. You will see that PVTA opened flat, took a dip and traded flat despite the premarket tweets and the early release of "news". At the same time as the appearance of WDCO on the bid is when the PPS began to climb. Hence the appearance of WDCO was the real catalyst toward Fridays action. If they're there tomorrow...good things will happen regardless of tweets or "news". If they're not there or are tested early, it could be a bad day. I know of a few posters who bought on the open Friday and their bids were instantaneous as I have asked. In fact, I can tell you of two who sold BEFORE the appearance of WDCO as the PPS was not favorable very early (again...despite the tweets and "news")
At the same time, I would not want to be holding shares at .72 given the possibility that the "shorts" you are referring to take this down. It has happend before. So given that particular real scenario, I suppose it is all realitive as to whom doesn't want to be where if A + B happen.
How many promos have you seen taken down by these same "shorts"? How many promos have you seen call for a "short squeeze" that never came? How many promos sent out emails of a pending "short squeeze" coming that never materialized in plays such as PVTA?
I don't think one should take advice from anyone, particularly the inexperienced and if done so, proceed with exteme caution. Play at your own risk. I respectfully disagree with your assessment both in terms of how PVTA is playing and as well as to whom one should take advice from. It has been my experience that advice is cheap and can be had equally inaccurately by both the sideliner/flipper as well as the "longs". They both have an equal vested interest in their assessment thus neither should be trusted for an objective opinion. GLTU
Getting that volume will be the key. Thus far this has not been the case. As you said so eloquently, PVTA moved Friday with little volume. There were also multiple tweets, "news" and the appearance of WDCO strong on the bid. With all that volume was low. One wonders with all that going what it will take to achieve the necessary volume for the "ease above a dollar" that you are calling for. This will be an interesting week. I will wait on the sidelines and see if there is any momo.
I can say it did not move on "news" as "news" was released at the open and PVTA was flat. It started it's climb at 9:45 when WDCO showed up on the bid. "News" wasn't the catalyst (as it usually isn't). It was clearly WDCO appearing. I suggest you do your DD and you will see that "news" has not been the catalyst with PVTA. If WDCO is up again tomorrow, perhaps we see movement. Otherwise, it could be a long day.
I hope you're right. I am assuming the role of concerned onlooker at this point. I'll wait and see which way the wind is blowing when considering a reentry. GLTU
"Big day"? Someday perhaps. But then the same could be said for just about any ticker out there; "someday will be the 'big day' we've been waiting for". There are so many other, better plays out there than this. If you're underwater and stuck, hoping for a miracle rather then sell at a loss, I suppose I kind of get it. Not my thing but...I suppose I get it. Most pennies aren't about "DD". You can do all the "DD" you wish and most of the time it doesn't add up to a whole lot. It's mostly about momo...& here there is none. To throw more money down when there ARE mulitple better plays out there then this? I don't get that logic at all. GLTU
That's a real good summary of xtremepicks. Not really consistant....multiple picks at once....a few winners...a few losers...pretty ordinary IMHO
Yes..they did show up Thursday...but look at the result. Friday moved it up...perhaps due to the fact they showed up early and the "news" did not make a dent
The momo for Friday began at around 945 when WDCO sat on a large bid. That's what drove the rally Friday and nothing more. Certainly not the tweets, defiantely not the "news".
I think you under estimate APS to a flaw. There is a ticker out right now that had huge success last week and much of it due to the BELIEF that it MIGHT be an APS in the near future. Call that what you will but that's having great influence in my book.
Troubling not to see much volume the first week of a promo with all the tweets and the 3 bullets of "news" fired last week. The only thing that made PVTA make any movement was the existance of WDCO at around 945 Friday morning after tweeting and a "news" nugget did nothing to generate momo. Make one wonder if news and tweets aren't cutting it week one, what could they possibly hope to do week 2? If WDCO is there to stabilize tomorrow, we may see further movement up. However, if they'r not there or are tested early on it may not materialize and could go in the wrong direction just as quickly
I think flippers have done their "DD" and are doing what they do. "DD" has nothing to do with flipping for profit. Many people make their profit without the hours of "DD" and just make theirs off the momo of what L2 is telling them. So in that instance, "DD" can be overrated. (how many actually know what the company does? Is it necessary to know what the company profile looks like or even what industry they're in to make profit? I would argue not. Thus, again, all the "DD" in the world can be meaningless toward the outcome of success or failure of ones personal play. Follow the L2..that leads to the truth every time) Flippers have always existed and always will. This is nothing new.
I sold too. I'd rather sell and be wrong then hold and be wrong any day!
That weak ass news, no pre market action, opening flat after 3 straight down days. Who could be blamed for passing that up? It wasn't until WDCO showed up around 945 that action began. It'll be interesting to see if he's there Monday at the bell.
Felix Hernandez was so dominate tonight it was sick. Against Darvish & the Rangers, the M's (my team...and yes....horrible) win 7-0. Felix CG shutout, 12 k's no walks 3 hits...against the best lineup in MLB. If only the M's could get some bats. Felix is such a class guy. WANTS to stay in Seattle where you know he could get traded to a team that actually scores runs and make the post season. But he loves Seattle and wants to build it. King Felix is awesome.
Great post! Should be wall paper for this and every other ticker board
I'm not in this. Haven't been since selling day 2. Haven't like the run up or momo since day 1. Nice trading day today but....I'm still watching for now. Not sold on this one yet.
Why would you do that...laugh? That's just as bad as laughing at the buyers and holds before a huge crash...or a slow bleed. Not good juju. Nice trading day today PVTA
You're right. Just too many "coulds" for my taste. Nice action today though.
This isn't one I would hold over the weekend from here. Too much unknown. While support w/ WDCO has been the driving force today, the "news" didn't do much and the tweets aren't exactly breaking down the doors either. If WDCO gets tested or disappears, this won't hold up. Again...just my humble opinion
Remember? I been given the opportunity to forget
You've posted A LOT of things. It's difficult to decipher which has any significance or relevance and which does not. You still haven't explained what a "short board" is though. I do my "DD". Thanks for your concern though.
If you say so CJ. Good luck with that.
I was hoping you could explain to everyone here what the "short board" is? I am not familiar with this term
Congrats to all who have been able to get some of their money back. Nice action today. Not getting into "$1+" prognostications. I'll leave that sort of talk to you.
I prefer to keep a more cautious approach. It doesn't hurt to see WDCO there but let's not get ahead of ourselves shall we?
At least WDCO has shown up @ .41
So we have had an early morning tweet. We've had "news". Where's the interest? It's a bit concerning that tweets and "news" aren't moving this. That's 3 "news" announcements and so far.....nothing. I hope TBX has something up their sleeve because so far what's being thrown out there isn't working. Good luck PVTA
PPS not exactly charging out of the gate so far this morning. PVTA