Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The fact that it's down on such low volume is a reason not to flush it...If it was tanking on 50M in volume in the first 30 minutes, then you might have an argument for flushing it..
All he does it let people know the technicals...What about his videos make you say "oh my god, I have to buy", or "oh my god, I have to sell"? Nothing...
He posts charts for the most active tickers and those tickers see large upsides and large downsides. Those price movements have been around longer than Clay and will continue to be around long after he's gone..
And the corresponding attorney's letter.
15 if you count the two that were uploaded on 5/15 that state "OTCQB Certification Disclosure". They're now in "inactive" status so I'm not sure what that's about, but it could be interesting..
One post that says "buy this stock"? Looks legit...
I'd tend to agree with you and thought the same thing when I first got here in the low .002's. I brought it up and someone posted it's been that way since the trips. I can't confirm that, but I can confirm it's been that way the entire time I've been in. They're also doing the same thing with the bids which I'm not accustomed to seeing...Is that dilution too?
Got it, thanks for the knowledge man.
Just kidding..
Looks like it moved up to .0075!
I get that, but that would take them all the way to current. I feel there's plenty of middle ground between CE and fully reporting where we should currently be placed. The verbiage all looks good, "alternative reporting" and "pink - limited information", but I think that scary looking skull will scare some people away ;)
Any ideas why the skull and crossbones are still up? I've been in many "limited information" stocks and they have all had yield signs. Maybe it just takes them some time to change the icon? Even without any additional filings, this shouldn't have a CE logo..
Damn, that stock's still around? I remember seeing that like four or five years ago when I first got into penny stocks..
Weren't you just bashing this stock a few days ago? Guess you got it down to the price you wanted in at?
I could be wrong, but your username is pretty memorable...
Haha, that's the best one I've seen in a while.
I won't go into the whole "shorting sub pennies is impossible or extremely cost-prohibitive" routine, but below are my thoughts on why shorting drives down prices in general.
The market is supply and demand...When there are more sellers than buyers, it drives the price down. Now, when you add in people "selling" shares they don't even own, that increases the selling pressure and further drives the price down. Then, when those shorts have to cover, the buying pressure is increased and moves the share price up.
I'm not sure if the uptick/zero tick rule applies to OTC stocks (or if they even get shorted to begin with), but there are systems in place on the big boards to keep shorters from further driving down the price on a stock that is already tanking.
Lol, he said they don't give out the information and then he gives out the information anyway? Good news, but glad that guy isn't guarding any of my secrets..
At least people are slapping..
It's not every day I get to average up in a sub penny stock, but that's the case here. Snagged some 0081's.
Wonder why they're listed as "inactive" now?
I noticed that when they first hit, but I don't see it any longer..
Is the only other filing needed to "go current" the Q1 2017 report?
Still lists the 5B AS though, thought that was getting corrected...
New HOD coming!
Bids so big they can't hide them any more!
I know, that's awesome. That line stuck out to me as much as the $48M in assets..
Here's hoping!
Agreed, didn't mean for that to sound negative at all.
They can't uplist quite yet, bid has to be over .01 for a certain period of time (30 I think) before they can uplist to QB..
Yep, that sounds like the stock market to me..
Why were you in? Thought this was going to .002 today?
Looks like my toothache saved me today...After watching the price action the last few days, I decided I'd sell at the open and buy back in around this time after the dip. Fortunately I had to make an emergency dentist appointment this morning and what do you know, no dip, would've screwed myself if my tooth didn't fail me..
So I was finally about to take my lumps and bail at .0004, given the small bid and large ask over the last few days. I decided to stick it out, and all of a sudden the bid stacks up and there's a 7M hit on the ask...I really can't figure this one out..
I'm not sure either way...Like I said, I'm easily confused :)
Agreed the statement does seem odd..
I'm confused (not hard to do)...
You say they were audited, and then paste a quote that expressly says they were not audited..
"We have not audited or reviewed the accompanying financial
statements and, accordingly, do not express an opinion or any
other form of assurance on them."
Just curious, what's looking good exactly? An ask 10x the size of the bid?
I posted that a few days ago and someone commented that it had been that way since the trips, but didn't have an explanation as to why..
On the bid or ask?
Do you guys have your orders set as "All or Nothing"? I believe that prevents the size from showing on L2 (or at least it's not "required" to be shown.
You are correct, my bad. I have a margin account so I forgot what is was like in the good old days of cash only.
Just to clarify, three day trades and you're good, the fourth one is the issue.