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If longs can use this data to help them, don't you think shorts would also be able to use it to their advantage?
At the end of the day all that matters is the PPS.
Trying to keeping a list is of holders is an exercise in futility.
Why would the MMs be permanently against MINE. They are constantly buying/selling and covering. When a penny stock wont rise its usually due to dilution or dumping. When MMs squash momo they end up covering later in the day to keep price in a channel. They always have to cover eventually. I never hear anyone blaming the MMs for keeping a stock up or artificially increasing the pps.
If enough people want to buy the price will go up. I slapped the ask a few times the last few minutes, I didn't see anyone else buying the last minute that could have made this close green.
It's the MM's job to keep the price somewhat stable while filling orders. It's when they get caught on one side or the other where they have to do some screwy things to cover their asses.
It usually evens out in the end, but not always.
I'm in at .001. Lets go!
It appears that this might not reach your buy target of .50-.60. At what point do you admit your wrong and just buy back in?
Don't be stubborn, follow the money.
What is it with these fake small trades that screw up the charts?
.06 - .065
I'll just be happy to have shares of a different ticker. I'll take my chances with the new non suspended symbol.
Still expecting to take a loss, hopefully it won't be a 90% loss.
Only hope is that Parilla scammed someone else with deep pockets to dump this garbage onto. Not very likely.
One of my Accounts is Scottrade. Do you need to contact them for each order and/or modify, or just once in the morning to be authorized to trade the grey symbol? Thanks.
Sold half my position on that last pop, should have sold all!
This could be the greatest company in the world but it doesn't mean jack squat in penny world.
Bagholding till something happens.
This is a long term hold but in the volatile MMJ world this could randomly run hard with a few PRs. Looking to build a starter position this week if I can get a good fill.
Sure there will be dumping, 100% chance and this will open much lower than pre-halt. But there will be buying from day traders, holders averaging down, and those who where short and will want to cover.
Tomorrow will be ugly but it wont be a straight line down, there will be whipsaw movement.
Is this company planning on applying for a growing license?, Does it need one?
Theres no way this goes to a penny, or even a nickel. Why would someone dump something they paid hundreds/thousands for, and receive an amount less then the commission?
.50 - maybe a few orders fill that low.
Averaging down is necessary to reduce losses if you got stung by the halt.
I made money on this in January, haven't touched it since. The point is most pennies are shady and the good ones are overpriced.
You can by a good company and lose on a trade, you can buy a scam and make money.
Pennies are for trading and making money, nobody should hold these forever. I don't understand what your problem is. Just go away.
Looking at the other halted stocks, I'd say this bottoms during the first 15 minutes around $1. I will be adding if it goes that low. That should bring my average down enough that I can sell around 1.60 to 2 and wash out my position. The other choice is to hold for a few more days. CANN hit 26 in its second day of resumed trading.
I wouldn't be selling in the first 15 minutes when everyone else is dumping. Average down on the dip and your position has a chance to be green.
What might happen here is everyone gets shares of some worthless company starting at .12 cents a share that instantly tank when everyone sells to cash out.
Market cap doesn't leave much room for pps increase IMO.
Saw it, the play here isn't about the existing revenue or fundamentals, its about the MMJ work that they are doing. We need an update on that progress to move the stock.
MJ is gaining momentum once more, not sure if top will be higher than last but lots of money coming back into sector. Stocks like this get the trickle down of funds after the bigger names are done with their runs. We have already been seeing 50% bounces in many MJ stocks and its not even June yet. House is expected to vote on medicinal marijuana soon too.
I dont see this falling below .16, upside is .35 - .50+
GLTA
I think the common opinion is this will become a good buy once the dilution stops, and signs are pointing to the end of near term dilution, if not already done.
Odds are 0
Will Scottrade even allow people to sell their shares on grey market. Limit order entry will come up as invalid due to no bid.
There will be buying and selling on greys. The initial dump will take this down pretty low, then short covering and averaging down will occur making for a playable bounce, then an eventual fade.
Google already has process to verify businesses. Why would anyone care about getting verified by this company?
Has anyone ever seen the inside of their office (or Tom's basement)
So why is the price so beaten down? Is it the because of dilution needed to continue operations? Not bashing just curious, been watching over at this one for a few months considering a position.
Yes it's very realistic that some company comes along and throws 100m+ at FRTD
first stage is denial
The CEO preys on people's reluctance to think someone can be so evil and feeds them the Koolaid they want to hear. If I were his loved ones I would monitor his situation closely as he could become suicidal once reality sets in.
The one time I hold this overnight is the time it gets halted. Played the chart and wanted to sell the morning gap. Will probably swing wildly between .002 and .01 when it resumes. If it goes that low there might be a chance to ease some of the losses if timed right.
Tom must be pulling an all nighter cooking those books. It will be funny when the fins come out.
Obviously it's all on the CEO since this is a one man operation
Maybe one more pump in the Greys is my bet. Who knows it might even run anythings possible in Penny world.
I think CEO is still in denial. Initially he probably had good intentions of making money for shareholders but one lie leads to more and now he's in so deep. Similar pattern typical of sociopathic fraudsters. Funny how he mentioned how he asked if the SEC would resume trading by Tuesday.
Makes sense. FRTD was set up on paper to direct funds into PRIMARQ equity when live but there is likely no investment at all into PRIMARQ.
My mistake was holding this overnight as an extended day trade. Only 3k position, time will tell how much I lose. I can average down at open then close out possibly reducing the losses, but thats a risky game. I traded the PHOT resume successfully without any previous position. No guarantee this repeats the same pattern.
So is the PRIMARQ piece this company colds also completely bogus?