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I wonder if it was Blackrock buying the 13 shares of INTV traded today? If not the whole thing maybe half.
No breakout follow through for bitcoin today. Inflation data tomorrow. Waiting for 'earnings' for INTV.
Bitcoin hit up against moving average resistance today but at the same time my number one short term TA indicator is trying to give a buy signal for the fist time since it flipped bearish in early July. I am staying closely tuned and may buy something tomorrow for a short but playable btc rally if the buy signal holds up.
I think INTV has lost about 60% from the recent high. Bearish engulfing candles are one of the most reliable signals.
About potential company plans going forward, who knows what they might be but If I was a stockholder I would be terrified of growth through dilution. I still think the best way forward for the stockholders is to sell the company if it turns out that it is indeed sellable.
Better to not be distracted by less important stuff and instead try to figure out why somebody was selling this past week. I'm sure we will find out what the reason is sooner or later so better to try to be prepared.
It's not about what the company is making now , it's more about the future. You have to have that ammo in order to expect a greater fool to buy your stock someday. So what is the future like for this stock? Name one good thing.
I don't know much about bitcoin mining machines but I know they have a limited useful lifespan and eventually become obsolete. I know the clock is ticking here but I do not know where INTV machines reside in time. How long ago were the bulk of the current machines bought?
Why should it be any higher?
They listed digital mining last on the list.
It's difficult to try to determine what is going on both fundamentally and technically because of the lack of liquidity in the stock.
Last INTV earnings release was more than 3 months ago so it's due. Not expecting anything helpful. It gets harder to mine bitcoin every day. Small companies can get squeezed out as the number of miners coming on line daily elsewhere in the world grows and grows.
Every time bitcoin approaches the edge of the cliff the cannon fodder shorts come into full bloom. It's free money for the guys who take the other side of the trade. This happens over and over. Usually gets back to normal pretty quickly. Bitcoin has an important trendline running through the 27.3 area. Keep your eye on nasdaq for hints about this.
Yesterday was a very predictable short squeeze IMO. Guys use up to 10x leverage and are insanely easy for the pros to pick off. Crypto trading is aimed at the unsophisticated and is a match made in heaven for Wall St.
Every btc mining stock I looked at today drew a bearish engulfing candle. I don't suppose dilution for INTV will help to attract any new longs. I have no plans to try to short it.
INTV recently hit a little better than 4 putting to bed any future complaining about the price effect of the reverse split. Guys could have sold. I did. The same ceo who warned everybody about the rs even told guys to sell the next pump. Who should Know better than him?
You are right. Nobody will touch this. The volume tells the story. IMO since most guys refuse to trade, the only hope for investors is if bitcoin 10x's. In the meantime I was thrilled to make 45% in a short time a few days ago and have booked (the only thing that counts is what you have actually taken) money three times trading INTV this year and I've posted right here each time I did it. Anybody can do it. I try like crazy to encourage guy to make money here.
I don't know what to make of two gap down days in a row. I don't think they are very important due to the next to no volume situation. I hope others see it the same way and that it doesn't become just another reason to shun INTV. There are enough reasons already. The giant rally in the bitcoin stocks has to mean something so I don't think bitcoin has very far to fall.
The majority holder can do whatever he wants. Does anybody think this action will help to attract new stockholders? It's not what you think about a stock that counts, if you are at all interested in making money in the stock market you have to worry about what the crowd is going to think.
How much is the company worth today? Is the company even worth $10mm with bitcoin at 30k? The machines are not getting any younger. Who knows, at some point btc could move up another 5 or10k or so making the machines theoretically more valuable for a time. Problem is the second half of the year before the halving year has been bad for bitcoin the last two times.
I imagine lot of us are wondering the same thing. Moves like this stock has had on next to no volume are suspected of somebody perhaps trying to make the stock look better than it actually is. In any event I am grateful for the gift. A 45% move is just fine for me. Bitcoin just could not break through on this try and now has developed several short term bearish divergences which is the reason I lightened up Friday morning. I do not see a big move down but a sharp move down would be bullish IMO. I have said several times if somebody is interested in buying the company then volume should alert us first. Nothing is a sure thing and things change.
Closes above 30k are very important.
Looks like the govt selling their confiscated btc.
Lightened up today. If bitcoin doesn't break through next week early I will take my original money out and leave the profit in for a while.
Waiting on the DXY and as I write is it is just barely below 100. If it breaks down from here it should be off to the races with btc. Exciting!
Bitcoin is not moving up yet but that is the expectation based on the btc stocks. I hope INTV can somehow get to the 6 area and then see what it looks like.
If INTV can hit 5 it should become marginable. I have several btc stocks that have 3x'ed and once they hit five they fly. Right now finding laggards like INTV.
IMO the ceo is nobodys babysitter. He is here to earn a living and that is what he does and I admire him for that. He doesn't need to answer to anybody. He has his own kingdom, how cool is that? Shareholders do not own him because nobody will ever have the firepower to vote him out. Therefore he does not need to make money for shareholders. If he does, great. If not, then not. Most guys here have had opportunity after opportunity to make money with this stock and yes on the long side. There is opportunity here yet. If this stock is catching a bid I will ride it for a short while and then I will sell as I have always done and posted the trades right here. I am happy to leave some on the table for the next guy. If it does not rally from here I will stop out (trading rule number one) as I have always done and live to fight another day. I am responsible for my stock market decisions, not anybody else.
INTV closed above 200dma like a hot knife slicing through butter.
Is the train about to leave the station? You know, lack of liquidity can work both ways, up or down.
IMO the more the other mining stocks go up the more desirable this stock should become as a takeover candidate and the more hurry up should be involved. Now, what is it actually worth? Right now market cap is about 8.5mm. Where are the INTV machines in their lifespan? Probably most if not all of them are still producing but mining gets more crowded and harder every day. Still, somebody can make a nice addition to their inventory with no fuss and no mess involved. Like turn-key. All it takes is money or stock. Better hurry up because mining stocks are predicting a major move up in bitcoin. And another thing, if the bitcoin rally materializes and IF INTV catches a bid and it might, the price of poker will likely move out of range very quickly. So, the clock is ticking on the buyer.
Is anybody keeping track of how many shares outstanding for INTV?
Mining stocks saying bitcoin is going higher. They frequently lead bitcoin. Some fantastic moves.
Bitcoin is soooo close...If it can break above the current area my guess is that should bring in a ton of trading money. Might be too easy but to me bitcoin looks higher from here. It has had ample opportunity to break down but has not done so. Some of the other miners have had upside breakouts and many times the miners lead bitcoin.If this is what's happening I hope it somehow translates to INTV.
Last two days the stock moved with the other miners. It would be good if it can keep that up. Needs volume.
Bitcoin probably doesn't have far to fall at least right now. Then I expect another test of the 30.5 area again. If that one fails look out. On another note It'll be too bad if Blackrock gets that etf. Wall St and therefore the WEF being in total control of bitcoin price action will not be good for bitcoin or retail. Things change and then they change again.
Diluter reputation. There is no liquidity for this reason IMO. People are afraid of it. With so many alternatives out there why would anybody and especially including the next guy you eventually hope to sell your stock to take a chance on INTV? Eventually the bad rep goes away. Might take a considerable amount of time though. IMO the best strategy is to sell the company outright.
INTV has no volume on giant bitcoin rally as expected. Stock needs to shed bad reputation. Takes time.
Bitcoin probable double top right now Big rally small volume makes the rally suspicious. However same as last time, a confirmed break above current level changes everything
You might be right, it is not likely to work with this stock. IMO INTV has become a new company with a new chance at life because of washing away so much market cap and it needs to establish a fresh non-dilution reputation before most folks will even look at it. IMO the owner needs to sell the company before anything goes wrong. On the other hand I have said before one possible idea if he wants to keep the company alive is to give up bitcoin mining and take up gold mining.