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I agree, with a stock like EQLB that trades a few hundred bucks worth of trades a day on average, charts are completely meaningless. Also, the mm's widen the spread when volume is low and this can go from up 20% to down 20% with a 50 buck trade. I just laugh and poke fun when I read posts like "___ flipping to bullish position', or "clearing .0044's" and ten minutes later it's trading at .0030. Also, in times like we are in today, it's even more reason to invest based on logic versus charts, how many investors do you think are looking at a sub-penny OTC stock with no PR out in many months?
or with continued dilution, buy low and sell lower.
Sounds like their business model is nothing more than raising cash by selling ships and stock. I suppose the next announcement will be another R/S.
Down 32% today, guess the chart got flipped upside down.
no worries, you've already had your wish granted.
One thing I can tell you for sure, your charts how zero value in predicting where EQLB will go, especially in this current environment. Most people have/will flee to safety versus taking the risk in a penny stock. Volume will remain pathetically low for quite some time and the price will remain in a low trading range. Mo will find a way to survive this, but things were very slow moving before so they will even be slower now for awhile. You can slam me all you want, but you know I am just being realistic (and right).
Let see this get back over $20 again.. https://www.yahoo.com/finance/news/covid-19-could-bellerphon-therapeutics-002359321.html
Market is closed tomorrow for Good Friday.
Some traders are just plain stupid. TOPS was only down 5% today, but is down 7% in the after-hours market. So why would anyone wait all day, then sell even lower in the after-market? Makes no sense to me, just plain stupid!
Me too, but my gut tells me we are going to do well on this one. I already did one good flip to lock in some profits yesterday, this time I am holding for hopefully much larger gains.
I added more as well, got some at .275 & .285, Today was nothing more than healthy consolidation presenting a great opportunity to add below .30 for the last time.
they can try to hold it down, but in the end this will explode upward. It's been beaten down for a long, long time and the tide has finally turned.
healthy intra-day retracement is over, its gonna run now into the close today.
Congrats on your purchase and I truly do hope that some day this plays out favorably. I was only knocking you the day you posted that you were buying because there was no volume. I assumed you meant you had bought that day, thus I was wrong. This economy will be down for awhile, I just hope that EQLB can survive, it has a great product and I would like to purchase their new flavors myself if they are able to have them available for sale some day.
how are you taking a starter, there is no volume? Unless you invested a whooping 200 bucks today.
Thanks for the reply! I flipped this stock 3-4 times for a profit, but this last time I bailed at breakeven when it refused to budge, even when they released a PR. That was the sign to me that something was wrong. There are too many good trading opportunities out there right now and with the money I got from selling my TOMI shares I already made over 50% on it last week trading other stocks. Dilution will kill this stock and like you said, once the virus gets under control, this will probably sink right back to where it was before (around .10). It sucks, but people need to remember to not marry a stock and move on to other opportunities.
Yes it is, I didn't believe it was dilution holding this back initially, but I sold at breakeven yesterday and am glad I did. Sorry for those stuck, but there are just too many other plays out there to make you money with this volatility.
I got back in when it was in the .006's and I sold a tad higher when it showed it couldn't hold the gains it had made on the initial Amazon news. Everyone was saying it was going back to .02 or higher once it started selling again, but instead it only went to .01 and quickly fell back. Thus, I bailed and moved on. I didn't have a very large position anyway, but I wanted to move the money to better opportunities. Hope this plays out for everyone some day, I like the drink but not the lack of communication from the CEO.
Only a little, with the low volume and big spreads it has had for months now, it makes it difficult if you are selling. I was fortunate that the mm's let me sell on my ask when I did sell and I was able to exit with a little profit. I hope this comes back some day, but I have been using all available cash for trading these daily swings in the market and have been doing quite well.
Looks like you were right again! I am glad I sold all of mine a while back, but I feel real bad for those still holding. Mo's silence and lack of communication killed the share price, an occasional IG post once in a blue moon is not an advertising campaign.
and what proof do you have that they are diluting? Volume dried up today and was very low, not a sign of dilution to me.
Well I sold and moved on, too many opportunities out there. I hope and think this will make it, albeit it will happen very very slowly.
Okay, I doubled my position on the dip this morning, let this one rip starting Monday!
It did run a couple of weeks ago, then the volume has dried up since, even with all the good PR's.
Probably because its an OTC stock is why many are shying away from it. OTC stocks are considered very risky and in this market people are fleeing to safety.
just tanked down to .60, this stock appears to be going nowhere, one would think demand/volume would be higher.
I trade on reality not "should be", stocks are no longer trading rationally.
Starting buying back today in the .5's, rinse and repeat. Flipped another stock on the rebound today and moved the profits over here for another round.
Yes it would, however I am now a holder of CELH. Loaded up on the big drop it had yesterday. I hope EQLB gets there someday, time will tell.
Totally Agree! You said the key word, "adapt". I went shopping for some stocks on the big drop today, there is always a bounce back day after a record drop like today.
unfortunately so, but I have done well swing trading it now versus holding. Guess I learned from ALL-IN.
What I learned with how this stock trades now is to buy in the .5's wait for a news day, sell and buy back on the next dip. A nice 50% or so gain each time adds up.
Anyone buying CELH on this dip? They had real good earnings and you get a 50% discount to their high.
up a little on high volume, tank it on low volume, this sucks!!! ALL-In will be posting any minute that he bailed at today's high I bet.
So much for the spike higher, looks like it turned south instead!
Strong volume, even higher that yesterday, but the stock is moving sideways. Accumulation before the next spike higher?
Any little dip in price is immediatly being bought, looks like its trading similiar to yesterday, thus I am expecting to see it spike up quickly over .80 any time.
lol, he has already blown up the debt, he has run a deficit of a trillion dollars a year since in office, now it will get even larger!
Nice gains today and I'm sure some are taking gains, but I think this is going to continue running over a buck.
Looks like every little dip is being bought today, looking for another push higher before the close today. I was going to buy back in this morning when it was at .45 but I hesitated and ended up buying it at .59 instead.