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Market makers are buying shares because they know exactly what they are doing. They have the power to accumulate and manipulate stocks for massive profits. I believe they will bring this down to a key support level and then send this stock rallying off the bottom.
Market makers are buying shares like crazy right now.
One news release and this thing goes flying again.
EXACTLY!
Support at .05, great buying opportunity.
BUY ON THE FEAR, SELL ON THE HYPE!
Yes, please buy so we can see the stock quoted as .0001 again and not .00001.
Praying for a news release before the Monday open.
Praying for you and your family my friend.
Remember, all that really matters is how much is on the float.
Unless we get a news release that gives us more juicy information about where this company is headed. The short sellers want this stock to crash after Friday's panic selling and they will succeed until a news release comes out - hopefully before the open on Monday.
I feel as though there will be more panic selling/short selling on Monday unless a news release comes out before then.
"Minimal affect on the stock price does an investing community have. If any at all is my thought."
This statement is incorrect because the price of a stock is based entirely upon belief. If you believe this stock is going to be higher in the future you buy, if you believe it is going to be lower in the future you sell or short sell. To say that the 'investing community' does not have an affect on a stocks price is purely ignorant. In fact, the investment community plays the most significant role because all that matters in the end is if supply is greater than demand or vise versa.
I suspect most of the profit taking is done. If we get an information release over the weekend this stock will go higher on Monday. If not the shorts might take this lower temporarily but eventually it will bounce back and the shorts will be forced to cover.
Tremendous buying opportunity folks!
Completely agree because this is exactly what I have been saying. Temporarily, yes, we might see this company dip lower... but the cheaper it gets the more of an opportunity to buy.
What we had today was nothing but pure panic selling. I understand some walked away with massive profits, but others were just trying to cover their positions because they lost money. The only thing that will happen now is that this might trade lower on Monday but if we get some type of a news release before then this stock will go flying. Over the long haul this stock goes higher and the people who stay in this thing for the long haul will walk away with the most profit.
Which means you buy more!
Good for you. I'm buying some more if it makes another leg lower as well.
Many of the people people who sold today were afraid of taking a loss so they sold in a frenzy and as a result the stock dropped catastrophically. What those sellers don't realize though is that people like myself and also market makers will be buying their shares in mass quantities and once the stock makes another leg higher we will sell them into a rising market.
No fear. If the stock drops more just buy more. The company has a very bright future. Long $THCZ.
I agree. I am long $THCZ. All it takes is one more announcement to send this stock skyrocketing.
If the PR's continue and people remain bullish on this stock I beleive we will see this stock at .50 and higher. If this company can really get it's act together and generate millions in revenue we will see $1-10, assuming the share structure and float is left unchanged. I say this because I want to emphasize the point that this stock has a very small float of just 150 million shares which restricts the supply dramatically and as a result the stock will skyrocket.
Long $THCZ
Yes sir. I am long $THCZ
Buyers don't be afraid to purchase on these lows. Market makers are accumulating sell orders right now because they know this stock has massive potential to run. 55 million shares traded today, more than double the volume from earlier in the week, this thing will run higher most likely by the close.
Don't worry about silly chart patterns: think fundamentally.
Demand for this stock is higher than supply, and supply is very limited because of the low float (150 million shares approximately).
As long as the buying volume keeps up, the market makers will have no choice but to send this stock higher, and they will happily do so because they make profits by accumulating when everyone else is taking profits and selling those same shares to new investors which sends the price higher.
This stock is so popular that I can't imagine a downturn anytime soon. New buyers are always coming in, and the market makers will sell to these new buyers until the buying dries up, which I do not believe will happen as long as the hype and excitment about this company remains.
Market makers are accumulating right now, they will likely send the price higher by the end of the day.
I don't believe we will see $5 but if the buying/volume keeps up at the current pace we could see .50 or even $1.00 very soon.
THE SUPPLY IS SO RESTRICTED ON THIS STOCK (150 MILLION SHARES ON THE FLOAT) THAT IT WILL CONTINUE TO MOVE HIGHER AS LONG AS PEOPLE BELIEVE THE PRICE WILL BE HIGHER IN THE FUTURE!
THIS IS A STOCK TO HOLD LONG TERM... FLIPPERS YOU ARE MISSING OUT ON A GREAT LONG TERM OPPORTUNITY!
Volume is already higher than yesterday and we still have 3 1/2 hours until the market closes!
We could hit .30 before the day is out folks!!! We've already touched .298 today!!!
The stock will go higher because there is such little supply compared to demand!!! 150 million shares on the float is it... plus distribution deals... plus new products in the not so distant future!
I'm not worried about patterns, the only thing that matters is what the market makers will do to this stock is demand drops off and the volume does not keep up. However, if the buying volume stays at the current levels or even goes higher, they will have no choice but to keep pushing up the bid.
I honestly believe that this will go higher because the market makers know this is popular and know they can make a ton of money by accumulating sell orders in periods of consolidation and flip them to make profits in a rising market. And there is a good chance this will continue which is why I am Long $THCZ.
Does anyone know what the float of this stock is?
Keep buying folks, take as large a position as you can!
The stock will probably reach .30 and possibly .50 in the near term if the buying continues!
MM's must continue to pump the bid because of the volume!
All shorts will be crushed on this rally. If you are a short cover now or lose your money!
The market makers will put this into a temporary consolidation range to "weed out the weak" while simutaneously buying sell orders and then selling those same orders to buyers if the volume/interest keeps up.
Looking at the 9 week chart, you can see that the market makers have already done this twice. They will continue to do this until the volume/interest of this stock dries up, but currently the interest of this stock is so high that the market makers would be making a big mistake if they switched positions.
Don't get me wrong: the market makers will manipulate this stock once the volume dries up, but for the time being I am long $THCZ.
I am aware that there are some who will be holding this stock for many months, or even years to come, which will restrict supply and send the price higher.
In all honesty though, I think the price target of $1.00 could be reached much sooner if the volume and buying pressure continues. 150 million shares is nothing and I can't imagine there being much supply left if nearly everyone remains bullish on the company.
Can anyone speculate as to what the low float means for the price of this stock? I mean with 21 million shares trading hands on Friday there is the potential for price manipulation by market makers, but regardless 150 million shares on the float is a very small amount in my opinion, which is why I am wondering just how high this thing could go.
Those who have stop loss orders, don't get stopped out!
The market makers might try and bring this stock down into a consolidation range temporarily so they can harvest (buy) thousands of stop loss sell orders and then send the price shooting higher while selling to other buyers on the ensuing rise.
Don't be fooled! Don't get stopped out! Be careful where you place your stop loss orders and remember that this stock has much room to run.
Good luck everyone!