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The trading of this stock has shown very obvious signs of weakness for a long time. Today is the first show of strength in a while. Looks like it's one buyer (who we should all know from recent news) so still remains to be seen if any buying pressure starts here beyond this one party.
If you're holding this huge month's long dip, you're still bagholding rather than profit taking. But hey it's to my benefit of people want to trade badly. More money for me.
You're talking about investing. The OTC isn't for investing. It's for trading. When this stock goes down from .04 to .004, the people who are holding are known as bagholders. They are investing when they should be trading. Even if they like the company, they still understand how penny stocks move. They don't baghold. They use the profits to accumulate more shares. Instead of holding from .04, that trader will have 5 or 10 times as many shares by selling and reloading.
Think about this from a non-biased, non-emotional perspective. A CEO of a penny stock company is tweeting about a 500-share trade. Literally $4.
If willing to take bias out of it, that isn't something to feel good about.
There is almost no bid support here, the stock has been sinking steadily for months, and it's looking for a bottom. Yes it will bounce at some point but there's still a lot of room to drop. Smart traders have sold and are waiting patiently. She knows that. It's obvious what's happening here. Smart traders in the OTC don't let themselves be bagholders. Play the bounce or go broke.
This board is genuinely fun. I appreciate it. My days are more enjoyable when I come here and read. Comedy gold all over the place. This has been the worst-performing stock on my watch list for months and the posts here are about how well it's doing. Maybe once APTY bottoms and bounces, those posts will be about how terrible the stock is. Apparently this is the home to opposites. But I'm grateful for it. I've made tens of thousands of dollars on APTY this year doing the exact opposite of the consensus here. Keep up the great work and maybe I'l retire in 2018.
To say that news is positive would be a huge understatement.
If not for delays to this point, it's fair to say that we'd be up well over 100% with that news.
Obviously we've been wrong before, but very good chance the next news is the one that puts this company and its shareholders on the map.
I would think some will be loading the boat this week.
That big bidder got taken out today. Almost all of the volume today was on that sell into the bid at .0077. Watch out for lower lows coming before the bounce.
Might be smart to do the math on how much money was traded today. Too often emotion gets in the way with stocks and traders see what they want to see. That's death in the OTC. These companies aren't investments as much as they're just playing a bounce. Was very clear this was going up at .003. And was extremely clear this was coming down from .03. Personally, I don't fight it. I'll get in again soon enough. The bottom isn't here yet.
Like clockwork. "Negative" post about APTY shows up on Ihub and one of the longs puts in a big buy order. Very predictable. Desperate trading. Would be smarter to let it bottom out and then load up cheaper if you believe in this company.
Finally another pair of observant eyes here. Yes, this ticker going well under a penny has been clear for weeks. I've been the only one willing/able to see it here. The bottom isn't in yet. I don't think trips, but good chance I'll be able to get in again at .003 or possibly a little lower. Her tweet recently of a 600K sell reeked of desperation. Easy to read if you've been around the OTC for a while.
For those who don't remember how fast this stock can move...it went from under a penny to 20 cents in 2016. That was without gold sales. Just the hope of what is actually close now, no matter what the internet tells you.
Sure, there were delays.
Of course there's frustration.
But it doesn't change the fact that this one can fly. And every time it flew, it wasn't based on anything close to what we're talking about now.
We have a lot of people here who aren't very experienced in stocks or mining. That's ok. Just know the short answer is this...if gold comes out of the ground, this stock will turn around very quickly and in a very big way.
You're both right in a way. The buyer or seller talk is, in many ways, nonsense on Ihub. But, as in most disagreements between smart people, it's mostly just a communication problem.
Big buying at the ask obviously does something different to a stock than big selling into the bid. The problem here tradingwise has been the selling pressure...it could literally have just taken 2 or 3 people to create that "market" issue if you understand how many shares could have picked up and how low the volume has been. In a very basic sense, we need more people trying to get into MXSG than out of MXSG. Obviously buying pressure moves a stock up. We haven't seen that type of sustained run here in a long time. Obviously it's capable of doing that but there needs to be a reason.
Clearly I'm not the one who needs help here. Those financials are terrible. Under no reasonable definition of financial health is that "doing amazing." It's a penny stock. There's a reason it's .01 a share. Take profits or go broke in the OTC.
Wow are you really that jaded? Try again. I'm only posting today because people are talking to or about me. And if I did have a "motive" and was even reasonably observant, wouldn't I actually be driving the price up short-term? Considering the small number of people who post here are such die-hard longs that they'd buy just to prove me wrong. So, if I did have a motive, it would actually be to sell my remaining shares a little higher. But no motive, man. Just documented my prediction and opinion again and then only answering because people keep replying. If they/you don't want to hear it, just stop talking to or about me. I don't hate this stock/company and my goal isn't to "bash" it. I made a lot of money on the run. I'll load up again when it drops from here and should make more. I'm just not blindly cheerleading a penny stock like this. In the OTC, this is what stocks do. People hype up companies that never really amount to much but the money is in profit taking.
I do realize that, yes.
But since you're asking people obvious things, I guess it's only fair to respond in kind...
You do realize that when investors see a drop from 3 cents to 1 cent, it divides their money by 3, right?
Because, by the tone of this message board over the last 3 months, it seems like those aren't the facts that matter here.
You do realize that nobody here was posting that this was going down from the 3+ cent level but me, right?
I say that because the only trading advice posted here that would have helped anyone at that time came from one poster. Everyone else was overly emotional and cheerleading a stock that was about to get cut in half...and then cut in half again. A lot of people here became bagholders by listening too much to message board posts. I'll say it again...this hasn't bottomed yet. We'll see who's right. If it's you, I'll come back and acknowledge it (even though I never get the same in return).
We're in agreement on that one. I'd be surprised with that low of a bottom too. But I definitely saw it going below a penny (and posted that) and still think we've got room to drop. Of course, some significant news release could force it in either direction so we're all just guessing at a certain point. If it does get all the way back to .003, there should be a ton of buying at that level and I'd be shocked if it didn't bounce back from there.
What I'm doing is called not wanting to be a bagholder. Sad when people get so attached to a ticker that they ignore facts. No defending this stock's performance in the last 3 months. It has been bad. Wouldn't be surprised if I can pick my shares back up at .003 right where I started.
We'll see in the next few weeks.
Doesn't take a rocket scientist to see what has been happening with the stock price here. I would have preferred to hold them all but I'm not in the business of giving away money when the selling pressure is obvious. Again, I do think it will come back up, but the bottom isn't in yet. I'll be continuing to sell my million plus remaining shares next week, so a green day or two will be nice. I plan to buy my shares back at half the price. Will be here to respond whether that happens or not.
Also, really didn't like her unfocused and immature tweet today. A CEO of a company whose stock has been consistently sliding for 3 months should not be having a Twitter temper tantrum about a single trade. Anyone who has been in the OTC game for a while (and is able to be unbiased with their investments) would be concerned about that.
I see a dip coming. Selling pressure is higher than buying pressure right now and has been for a while. Needs to get back to a price where people see it as a great deal. I do think it will go back up again but needs to find a bottom first.
Sorry to say I'm unloading. Almost a million just sold into the bid by somebody. I'll reload at .005 or .006. This is about to dip again.
We're 10 months into the story of needing more buying here.
Exactly.
It's so common to hear "there goes the MM's again" on message boards.
Rule of thumb: When you hear someone say that, it's almost never accurate.
Yeah, boring is right.
If post count equaled knowledge, there'd be a lot more Ihub millionaires.
If I didn't know better, I'd think there was a party knowing gold is near and profits with a big price jump are soon to follow. Almost as if someone wants the price lowered for accumulation purposes. But, hey, what do I know...
Absolutely possible.
I've been buying. You?
This volume is a joke. 53k halfway through the trading day.
Similar posts on this board all the way down from .03
Who's selling?
The real issue is that not enough people are buying. That's a necessary ingredient for PPS to increase.
I like the news here, but this stock's performance has sucked since mid-August. Disagree? Look at the chart.
Right.
I was talking about the very basic logistics of a stock moving up in price.
But, yes, behind the needing buyers issue is the fact that buyers need a reason to buy. It's either belief or faith (which hasn't cut it for a year now) or an event that causes them to buy.
And that's where the opinions and debates come in. Personally, I think the delay in that event (gold sales) wouldn't have caused such a dip in price if we had more consistent and effective communication from management. Some disagree, which is their right. But, objectively, what would investors have to go on? Honestly, that's all we really have. It's not like we have piles of profits to get excited about yet.
If someone were to look objectively at the trading here, the games being played are apparent. You don't need a lot of experience to see it. Selling 500 shares into the bid? There's literally only one reason to do that.
Stock prices don't go up without buying. And we don't have nearly enough of that. It's not an opinion, btw. If you disagree with that statement, you don't understand the most basic facts about how the stock market works. That statement has nothing to do with mining. There just hasn't been enough buying to counter these games for almost a year now.
We could use a lot more of it.
The number of shares people have socked away isn't nearly as important to PPS as continued buying.
Assuming his influence matches his resume, there's a chance this will end up being the most underrated Mexus news of the year. I was very happy to read this PR.
If you read the terms, it's pretty clear. You can call PT or Bill Gates or Jeff Bezos names and insult them. Those posts won't be deleted. You can't call posters on the message board names. Those posts will get purged. I don't like it either but their terms are clear and enforced so might as well follow those guidelines if you want valuable posts to stay.
Since "the stock IS the company" in your exact words...
The stock has fallen apart over the last 10 months.
Disagree? Well, if somebody gave their financial advisor a million dollars and showed a balance of 200K in less than a year...that's what every reasonable person would think. They wouldn't be happy about what was happening with their investment.
So since "the stock IS the company" in your words...
Are you saying that the company has fallen apart in the last 10 months?
No?
Then maybe...just maybe...it's a little more complicated than "the stock IS the company."
Oh, I forgot, the stock sucking for the last year only has to do with money markets and bashers, day traders, and trolls. Because Mexus and PT have nothing to do with anything ever except positive news.
You guys are talking having two different conversations.
DJ's posts are referring to the stock. Don is talking about the company.
If there's enough gold as expected by many, and they can actually get it out of the ground and sold...the company is in a very strong position.
But the stock has sucked for the last 10 months.
Hard to argue otherwise.
Those are 2 different points.
To understand why the stock has sucked for 10 months is a different conversation.
You can say "it went from .002 to .20 in less than a year" but that doesn't help make people feel better if they're looking at red numbers in their accounts. Even if they're still in the black, the value in that account has dropped significantly this year. That doesn't feel good. People want to see their stocks moving up, not down. Most of these shareholders' unhappiness is not "trolling" or an attempt to insult anyone. They just want their stock to do well and it isn't. They're highly invested in this company's success. The opposite would cause a lot of damage to them.
That said, just because this stock has sucked for 10 months doesn't mean it will suck permanently. That's the problem with bad investors. Their emotions run the show and they feel like whatever is happening now will always be the case. If anyone has even basic experience in mining or mining stocks...you know pretty well what will happen if gold starts coming out of the ground and gets sold...many of us will, in fact, be rich. I have been critical of the communication for good reason. In my opinion, it's a big part of why the stock has sucked for 10 months. We have a small pool of shareholders in a pretty unknown company that has yet to start making money, so shareholder confidence is extremely important here.