Doing my thing!
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Another GXXM and MMMM coincidence....
No, all trading today has been retail...
WTF's this? Level 2 BID wack, or is it... At the time that the 7,236,837 share sale at $0.00049 was made, there was over 50 million on the BID at $0.0005. How'd we leap over all 50 million on the BID at $0.0005 to fill lower?!? MM games? There has been BID painting all day.
https://pbs.twimg.com/media/D7BTiPnWkAAkLkF.png
Due today, I was confused!
My mistake, you are correct...
Not necessarily today, but soon, yes...
I noticed that too... Very very very interesting...
That BID support keeps on growing while the ASK remains essentially the same... Eventually someone will slap the ASK and trigger the buying frenzy...
So far, no signs of any further dilution dumping anywhere...
Yea... The first hit $0.0005s got (really $0.00055) was a 16,000 share paint job, IE $8.80...
Then followed by a 50,000 share paint job at $0.0005 after $0.0006s showed... A whopping $25 sell...
Talk about baiting a sell... No one is selling or falling for it...
Soon $0.0006s will disappear, and there is great bid support otherwise...
Watch, it won't!
Wrong
There's no dilution
Worse.... It wasn't even $0.0005s... It was 16,000 shares at $0.00055s...
That was a whole $8.80...
I doubt it, not for a while at least...
Zero dumping Friday and 91.45% but volume... It's done. You're not fooling anyone.
I thinks o, yes, but still an assumption I'm with an educated guess...
I believe it is for now, until August at least
Dilution is done
Wtf do you mean. Go look for yourself, you're wrong... It's there...
Add just over 55 million to the float and you have the OS, still less than 790 million...
Wrong, OS Is less than 790 million... VERIFIED by filings on OCT Market as of 5/16/2019...
This guy knows it too, this isn't the first time he's been made aware, he's just here to bash... And he makes that obvious!!!
Not just 1 trading day, but on that 1 trading day since, there was no dumping, and 91.45% of the volume was buy volume... It was all retail including the very little selling that occurred... Only 7,712,552 shares of a total volume of 90,195,472 were sell volume... The remaining 82,482,920 was buy volume...
So at ABSOLUTE WORST CASE SCENARIO which is HIGHLY UNLIKELY, only 7,712,552 could have been added to the float and OS... Which assumes no retail selling occurred at all, and that is just not the case... Sorry!!!
Because anyone who can read can see the float was revealed as being 734,198,094 as of 5/16/2019 via their OTC-QB cert filing...
Here:
https://backend.otcmarkets.com/otcapi/company/financial-report/220647/content
Which is found here:
https://www.otcmarkets.com/stock/GXXM/disclosure
Filed 5/16/2019
15 billion As means nothing emwhen the OS is under 800 million...
Haa... True!!!
Soo? Do some DD, there is a reasonable explanation why
At worst this was a poorly operated company... A scam? Hahahaha, yea right... An audited scam, ok... Makes total sense... An OTC-QB scam, mmmmm...Probably not... You all realize the cost that goes into both uplisting to the OTC-QB and then maintaining OTC-QB status??? It cost tens of thousands just to file, not to mention the audit requirements and how much an audit costs...
Sure, price nose dived from dollars to trip zeros, and there was a butt load of convertible note dilution... However buy low, sell high... And you best bet that worst case scenario there will be a pump before August when the next convertible note is due...
All this other BS you and bashes are posting is nonsense and clearly you have no clue how the OTC works...
These are OTC stocks, not NASDAQ... Trip zero at that...
Soon much upside to so little risk...
You could have helped unscrew yourself but instead you laugh at the thought...
Well, good luck with that... Not wise at all... But that's on you... The chart alone SCREAMS a run is coming, and in the OTC, that's all that really means anything... Most these OTC stocks are poorly ran... Those that are scams typically remain on the pink sheets where audits are not required...
This is a gem at this level, but maybe we'll have to wait to see what happens...
Sounds like you're about to learn a lesson
LMAO, oh not this again...
I think there is PLENTY of supporting evidence... You just sound sour because you're a bag holder and are kicking and screaming against any sign of hope provided...
Alright....Your loss.... Damn shame, but... Your call!!!
$GXXM Chart Analysis as of Close 5/17/2019:
Compare May 1st, 2019 and May 16th, 2019:
PRICE ACTION:
Both days are as of currently TREND LOWS, the prices between them set lower lows, as May 1st the low was $0.0007 and the close was $0.0008, while May 16th the low was $0.0004 and the close was $0.0005.
HOWEVER the MACD and RSI:
May 1st the MACD Differential was -0.0006 and the RSI was 34.96, while on May 16th the MACD Differential was 0.0002 and the RSI was 35.32... IE the momentum indications are setting higher lows...
THIS MEANS WE HAVE A BULLISH DIVERGENCE, which is when momentum is rising (higher lows) while the price is falling (lower lows)... A Bullish Divergence is a good signal of a strong bullish move to come soon...
Buy indications:
While we have a bullish divergence, we also have some buy indicators as well... First, the Stochastics %K line crossed over the Stochastics %D line at or below the oversold 20 line, which is a buys signal... At the same time, the MACD Differential crossed above the zero line, also a buy signal... Meanwhile, accumulation and the money flow index are both rising!!! We also observed a doji candle on May 13th, 2019 that compliments a bullish candlestick pattern knowns as a Bullish Harami Cross, then followed by a trend reversal candlestick pattern known as Tweezers with the final 2 closes ending May 17th, 2019... This is all occurring as what looks to be a potential Double Bottom bullish reversal pattern is forming, which indicates a trend reversal as also supported by the 50 day SMA aka the trend indication line which is beginning to turn upwards... The 20 day SMA is also beginning to again turn upwards, which may potentially lead to a 20 day SMA golden cross with the 50 day SMA... A bullish sign if it happens... A powerful buy signal will also come when the bullish PSAR gets tripped, which is currently at $0.0008 and falling...
Support and Resistance:
We have trend support that seems to be holding up, now we need to break above the $0.0007 resistance, then above the 20 day SMA (which is also around trend resistance), then above the $0.0017 resistance (hopefully at the same time as we break above the 50 day SMA)... Then off to $0.005s... If it can break all of that resistance, this could reach $0.02... Once the 20 and 50 day SMAs turn upwards completely, they should act as better support than resistance which might help hold the price above them if we get above them!!!
Convertible note paid off??? For the month of May, 2019 it appears a convertible note was diluting into the BID, but on May 17th, 2019 it appears there was no dumping into the BID at all, and that all volume was not only retail, but 91.45% of it was actually BUY volume!!! It is believed that the dilution is over, and as of 5/16/2019 when GXXM filed a renewed OTC-QB certification that discloses the float as being 734,198,094... as of 5/3/2019 according to OTC Markets GXXM Security Detailed page, the restricted shares were 55,227,487 making the latest OS around 789,425,581!!! Still fairly low especially for a triple zero stock... Worth mentioning that this is a triple zero OTC-QB/ Penny Stock Exempt stock...
MMMM Merger? Read the DD around here, there is a significant reason to believe we're about to merge with Mountain Mining and Milling Co ($MMMM)... There seems to be a lot of evidence regarding a buy out...
https://pbs.twimg.com/media/D63mzzzXoAIxdRT.jpg
https://pbs.twimg.com/media/D63qMFvX4AAJGch.jpg
$GXXM Chart Analysis and DD:https://t.co/8yyRNRoi4h pic.twitter.com/ndN2A9F1du
— Brian Michael Seaton (@BMSeaton) May 18, 2019
Extremely disagree... Loading now is paramount especially if you bought in higher... I explained why yesterday...
Anyone with 2 brain cells should be loading biggly right now... Especially if you are stranded at a higher buy in price... Average down...
Or maybe there is something else going on that you refuse to acknowledge...
Indeed.... Last I will mention it, I already mute most those who hate on my methodology anyways... Thanks!
If you are a bag holder... Let's say you bought the run up to $0.0056 at $0.005... Since then, you've been stranded for a loss, and now the loss is too great you're essentially better off holding on to hope of another future run than selling for the loss... You should be buying RIGHT NOW...
$0.0004 seems to be the low, and even if it isn't, it's not like it can go much lower... There are way too many good signs of good things in the works here it is worth a little extra risk...
Let's say you bought 1,000,000 shares at $0.005 before, now stranded in your position... Well first off, you spent $5,000...
Now... Let's assume the bottom is in, it WAS $0.0004, but now it is $0.0006s and $0.0007s on the BID and ASK... Sure... You can hold out and try to BID low, or you can slap that ASK... Say you spend another $5,000 and buy $0.0007s, that's at least another 7 million shares...
Let's look at your average now...
You now own 8 million shares you bought for a total of $10,000... That's an average of $0.00125... You think this will at least at some point again ever see $0.0013??? If so and you sold all your shares there, then you'd make $400 profit and get out from the stranded position you are in... And that is a totally doable scenario...
Sure, this could instead bite you harder, go to $0.0001 or even no BID and you're out then $10,000... So this is the question you have to ask yourself... What is more likely to happen... And even if this at some point does go to no BID, that doesn't mean it will forever be there...
Do you honestly think this stock will sit this low or lower forever??? An OTC-QB stock with penny stock exemption for a reason... A stock with under 800 in OS that is sitting in trip zeros...
To me, it's a risk I'd take...
I know it is easy for me to say so, I was more fortunate to buy this lower and so being a bag holder for me is less a worry, even though I am currently red myself... But, this is a plausible escape plan for you... But your opportunities to take advantage are limited... If this rockets next week, and chart says it should... Then you missed out on a GREAT averaging down opportunity... Where your average could be way more easier to deal with...
Buy when the streets are full of red and haters are bashing... Sound familiar as of lately... We just got out from under a note, now we are free to run again...
You'd stand a better chance to make money then hoping this recovers and puts you back in the right side of your investment...
But as always, you do you, far be it for me to tell you how to play your hand... But those of you frustrated and bashing because you're stuck, this is something to consider...
That's not how this works... But I will say I do see our first true test at $0.001 (the 20 day MA), then around $0.0017 which is both price action resistance, and roughly where the 50 day MA is or will be by that point... We will also trigger a bullish PSAR by then, and those 2 MAs are about to turn upwards which means they'll act better as support than resistance... I also predict we'll at least see a 20 day and 50 day MA golden cross...
If we break the 50 day and price action resistance around $0.0017, we could then test $0.005s again... After that, who knows, the next true resistance point is a price action resistance at $0.02... Depends if the dilution is truly done, the news and filings we get, volume, etc... I mean this has all the potential to run to pennies... But never get too greedy or too hopeful...
For me, I look for signs of reversals...
I can't say when what will happen, I can just predict where I think it might happen at some point...
I will say, if we crack above the 20 day MA, we are likely to AT LEAST visit the upper Bollinger Band... Last time we cracked above the 20 day MA we hit the upper Bollinger Band and a high of $0.0056....
If we crack the 50 day MA... Well.... The next MA is the 100 day MA way up at $0.119... I HIGHLY doubt we go that high though... Though some people think we'll go to at least $0.10 based on filings and MBO rumors, etc... My opinion, we'll probably find a damning resistance level well below that... Probably at $0.02 like I said above... IF we break $0.005s again.... I doubt we see anything near $0.10... The MBO stuff, if true, only specifies that preferred shares will be bought at $0.10... We're not preferred stock share holders... We're common stock share holders... But I would say $0.02 is doable...
It is worth noting though, this is still considerably a low OS stock especially for trip 0s.... And an OTC-QB stock.... And with the right news, who knows.....
Also note worthy is August brings more convertible notes... Unless something happens between now and then to satisfy them before they begin dumping...
I will also note, usually right before a dump, there is a pump... So sell into any strength August for sure unless the notes are satisfied before hand...
Hope that helps and answers your question... That's my 2 cents anyways... Again, these are just guidelines, anything can happen... Charts just define likely scenarios... The market is still random.... I mean, notice how many times I said the word "If"... Charts are largely "if/then" scenarios... If this happens, then this may happen...
Today was all retail I believe, and ALMOST all buy volume, 91.45% of it was anyways.... No dump, dilution looks to be done!!!
Great close here... Seems to me charts work just fine, never let a hater change your style when your style works for you!!!
Looking at the chart, 5/14/2019 I predicted the pivot point to be here at $0.0004s and $0.0005s, it took 3 days to prove true, but here we are... I've been slamming my hands on the table about a bullish divergence in the RSI/MACD and the price action... I've been pointing out typical chart buy signals... If you were listening to me, you were buying... It's not always instant gratification, but I was also never shaken... I've been averaging down instead of panicking or selling... I now hold a VERY sizable position with a very low average... Sure my entry was 2 weeks ago and I rushed my initial buying... But I also know better and phase myself into a position... So no I didn't initially purchase the bottom, but I did average down so that I will share similar profits as those who did...
You'd also be surprised how often charts line up with news and events like note conversions... Charts aren't crystal balls, they don't predict the future, but they do give perspective and assign odds to the scenarios to allow you to navigate your moves you make... They also tell you when they break down and fail so that you know when to cut losses... It is the difference of playing Blackjack and playing Blackjack by the book, but better... One is gambling, the other is gambling by the odds...
Anyways... Yes, charts work!!! I do what I do because it works for me!!! IF you do things differently, cool - good for you!!!
Good luck all, and good weekend!!! See ya Monday!!! Again, good close!!!
We closed by the way at support on the weekly chart and posted tweezers on the daily chart, which is yet another reversal signs...
Hello there 7's