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I'll have to disagree with that, Dr. P. Looks like market maker VNDM had a big hand in stopping any kind of breakout today.
OTC stocks don't trade AH. Please see educational video:
Nice action today. Higher lows and higher highs! Should see $7+ tomorrow.
I see MM VNDM is through selling for now, right after he took it .0001 lower than yesterday's low. That is not a coincidence, imho.
There sure seems to be a lot of negativity on this board for a stock with a great looking chart (this year), good volume, and breaking out today. I'm guessing a lot of you were around pre-R/S...
2013 is shaping up to be a great year for MSLP. Hope it continues that way, because I'm enjoying trading this stock!
Yeah, that was basically my point.
I thought it sounded good, LOL.
My guess is that the SEC looked at the chart from late last year and was wondering how 50M more shares hammering at the bid would make it look.
I haven't read through all of the filings, so I'm not sure. Guess we will find out how the market reacts in the morning. Maybe we get a PR that clarifies the issue. Seems like one is needed now from the company to explain it. That being said, I kinda doubt we get one.
Your guess is as good as mine on that. At any rate, it is 50M less shares to be dumped mercilessly at the bid, so that's a good thing, lol.
Well, my guess is that they really didn't want to withdraw that S-1...
The Company is requesting withdrawal of the Registration Statement in accordance with comments received from the staff of the Securities and Exchange Commission.
Seems like the SEC wasn't too happy about it and put the screws to them. I wonder how this will affect the deal with Ironridge?
I stand corrected. Happy to admit it when I am wrong, and looking at the chart I am absolutely wrong. My apologies!
Well then...what would you call the "space" between a close of .034 and an open of .0375?
That is incorrect, Dr. P. Since it closed at .034, an open of .0375-.038 will indeed be considered a gap up. That's just how it is, LOL.
Bought that nice little breakout today. Last time I bought in, I bought the dip and that worked out ok. I like the chart here.
Yeah, I've been in and out 3 times, and am done with it for now. Today was a make or break day, in my opinion. It might trade sideways and then go up, but the odds of that happening are kind of rare at this stage of the game. The more likely scenario is that this pig is cooked.
Treat all pennies like pieces of garbage that are all scams, because most of them are. Do not believe ANYTHING that they PR. Most importantly, take profits if and when you have them and limit your losses to small ones. Also, don't believe anything that you read on message boards, especially this one. Data doesn't matter down here in the OTC market. Volume and price action do. Today's volume was low, which actually you want red days to have low volume, so that is one positive. If REDG is to go back up, volume will have to pick up tremendously. Many bagholders just like you are just sitting and waiting for it to come back up, holding and hoping. We call that drinking the Kool-Aid.
Hope this turns around for you, but just please don't have too much pride to take a loss. I hate to see anyone get hurt like many already have been here, but I think I hate even worse to see people keep holding onto a loser, thinking it's going to come back up. Just check the charts of their previous 5 or 6 picks and see where they are today. That's where this will end up as well. It never fails.
Good luck.
I see a lot of people on here saying that they aren't going to sell at these levels for a loss. Well, if VM can't magically save this, you will wish you sold at .08 instead of .04, then .02, then .01. Preserve what capital that you have left, people. Live to trade and invest another day. Taking a 50% loss hurts, believe me I know, but it hurts much worse to take a 90% loss. Please don't make the grave mistake of thinking that this a company with a bright future, because it isn't. The whole purpose here is to sell shares to you. They would rather sell them higher, but seed shareholders get shares for about .001/share or so, so they are still up several thousand percent. Don't think they still won't be super happy to sell them at .03, .02, etc. There are plenty of shares left to dump here, and somebody really blew it with this promo. If tomorrow doesn't see lots of volume and at least a green close, this pump and dump is cooked. Take your losses and move one. Don't be a Kool-Aid drinker. JMHO.
REDG needs at the very least to put in a higher low tomorrow. If it breaks .072, I think it's time for the fat lady to start warming up.
Considering the volume and interest in this stock recently, this board seems fairly quiet to me. Blue sky breakout here! Closed at all-time highs on record volume. Frost is involved. Company has quite a bit going for it. And yet you can almost hear crickets in here, LOL. I'm predicting at least .30 tomorrow, possibly .33.
Well, somebody's gotta catch the bottom...right? LOL. Won't be me!
I had this on the top of my watchlist, then got busy with a couple of other trades and forgot about it this morning and missed my entry at .2001. Jumped in at .22, and glad I did! Looks like .30 test tomorrow, imho. Textbook breakout here. Record volume, 52 week highs...what's not to like here?
Yeah, this looks like it's going to sub-pennies. Ouch!
Follow your gut instinct.
Considering the volume that their last PR brought in, I'd say that it would have to be some very significant news next time.
Dr. P didn't mention news though...he just said based on the chart he thinks it will run to .175 at least. I just wonder, is he ignoring the volume when he posts that? Just wondering.
I do expect another pop over .04 this week, maybe even higher "if" the right news comes out. We'll see. If CERP can clear that magical .048 resistance, bigger volume will return and recent highs will be tested.
Too much has been made of that gap. If it was a 10% gap or something ridiculous, then I can see making it a concern. I thought it would have filled by now, but too much demand at .03. I suppose MMs could just crush bids real quickly and fill it, but you would think they would have done it by now, given two chances at it already.
The gap was a 3.4% gap, was quite some time ago now, and is completely insignificant. IMHO
I don't know how you can post with a straight face that CERP will run to .175 soon, much less .50-1.00 in a few months, considering the lack of volume (demand) for CERP at the current prices. Now, if the R/S AND A/S increase are both voted down, then I can certainly see interest and volume coming back. But for now, there is simply not much demand over .04-ish. I'll be happy to see it break .048 on volume over 30M shares traded. Then we can start talking about .068, .087, and whatever comes after that, lol.
Unless you were already taking the R/S into account when posting that. .50 easily if it takes effect, LOL.
Well, they used to have them listed on their website under "portfolios," but we don't seem to be able to access that now without a password. I know we aren't supposed to post about other tickers on a board, but here's a couple off the top of my head: CERP, SIAF, WGAS, AXLX, PSID, AMBS. Actually, just click the SEC "Fillings" (LOL...you would think they would notice that mis-spelling!) link under the investments tab on their website and you can see some of the companies. Not all of the charts are bad, but some are kind of hideous. Several of them have been the subject of pump and dump campaigns in the past.
My apologies to the moderator if posting these other ticker symbols is off-topic, so feel free to delete this post if you feel that I am in violation here...they do relate directly to Ironridge though, so indirectly to JAMN.
http://www.ironridgeglobal.com/
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001512103&owner=exclude&count=100
When does the party start back over here? LOL. Looks like y'all are starting it early!
Before anyone starts getting too excited about Ironridge being invested here, check the charts of some of their other investments. They aren't exactly pretty.
That being said, I bought some shares on Friday.
Just keep an eye on the volume. If the stock breaks and holds over Friday's high, that is a buy signal, as long as the volume remains good.
On the occasions that I bought a stock after already losing money on it, most of the time I just lost money on it again, lol...but a lot of those times I was trying to catch a bottom only to see it drop lower than I was comfortable with. I rarely ever try to catch bottoms anymore because of that. Instead, I like to buy breakouts. I've had much better success with that strategy.
There have been instances where I lost money on a stock, got mad about losing and never played that stock again because of it. If I had played it again, I would have done very well. You have to turn your emotions completely off when it comes to trading, and just follow your rules. Good luck.
Ken said it. There are no long-term investments in the otc market. That especially goes for highly-promoted stocks like REDG. I'm not sure what your average here is or how much you invested (and I don't need to know), but since you are new to trading pennies I would suggest taking a modest profit if you have one soon (5%-15%). I would also suggest that you never invest more money than you can afford to lose (don't be playing with rent, grocery money, etc.), and to take losses quickly before they turn into big losses. Good luck.
I think that he was insinuating (and I and many others tend to agree) that PPS and APS are extremely closely related (if not actually owned and operated by the same group of people).
Well, honestly I just took a really small position the day after that big volume day a few weeks back, solely based on the volume. I probably should have waited a few more days to see if there was any follow-through before jumping in (I know better, just got a bit impulsive). I'll be staying well away from it now.
You're missing one thing. They will want to run the price up as high as possible IF the proposed R/S is affirmed. There will be another big run for CERP.
Yikes, just saw this today. I foolishly bought some .09s a few weeks back, and managed to dump them at .0699, never looked back. This could go to subpennies.
Yeah, sorry...looks like I got the morning of the 5th in there. Let me see what I can do.
I like the size of some of those blocks today.
I think they gap it over 1.60 in the morning and run it to $2.
Sure has been quite a bit of volume at .04 without much movement. I'd like to start to see that bid move up and come off of the bottom soon. More volume recently is promising.