Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I'm not trying to pick nits. I know that pinksheets are just listings/a quotation service and not an exchange. However, most people consider an OTCBB stock to be .OB A listing of .OB is quite different than .PK
Question: Why are we stuck here?
1. Profit takers from .015- .017 range.
2. Plenty of buyers at .0345 and they just don't want to buy at the psychological barrier of .035
3. MM's selling at the ask (the naked short theory)
4. All of the above
5. None of the above.
My guess is 4. All of the above. There's no doubt that MM's can keep it down if they want to, IF there's not enough buying pressure. Buying pressure builds closer to the release and after the release. I thought we'd tick up today, but what do I know!
Not really.
PBLS will remain a pinksheet stock. They will not be listed as an OTCBB stock. The trading symbol will be PBLS.PK not PBLS.OB
OTCQX stocks are still listed as .PK
If we don't get a 25 cent share price (and stay at or above that level for 90 days before applying to OTCQX), I'm quite positive they will make a move to get out of pinkyland. Just MHO.
And yes, buying at this level seems reasonable.
I mean, wait 1-2 years for the share price to reach MUCH HIGHER levels. For now, we will get financials and more good news. Don't worry about that! But I'm looking for a share price close to, or above, $1. Hopefully, it won't take 1-2 more years, but it very well might.
Why the wait?
1. Financials should be greatly improved over the next few years as they become 'leaner and meaner' after a very extensive acquisition period.
2. Additional acquisitions will continue to be announced.
3. We need many more investors for the share price to go way up and stay there. That may very well require an additional move after an OTCQX listing. Remember, most pinkies have a very limited pool of potential investors.
Supposedly, the next big move (listing-wise) will be applying for a listing on the OTCQX. IMHO, that makes sense as it is much less expensive than moving elsewhere. If the share price still severely lags a reasonable valuation after being on OTCQX for a reasonable period of time, then they consider another move.
I agree that the numbers will be accurate and will not be misleading. However, I'm sure there are others who are not as certain as I am!
Just think in terms of 1-2 years, that way you won't be disappointed. If the share price jumps up and stays up before then, you can get all excited!
Of course, we all would love to see a large increase before then, and IMHO, we will see a good deal of price appreciation before then. What's a 'good deal of appreciation'? I'll have a much better estimate (fancy word for 'guess', lol) in the next week or two. Of course, so will everybody else!
For those who are interested: Audited financials are required for an OTCQX listing, but not required for a 'Current Information' designation on pinksheets. However, if they plan on applying for the OTCQX, and they have audited financials in-hand at some point before applying, one would hope that they would release the audited financials for past periods.
Don't get too excited just yet. I'm not sure the financials will be audited nor that they will file a Form 10.
Regarding when those shares will dry up, I have no idea, and if I did, I'm sure yours would be more well informed.
I do mean that, though I could not resist a bit of sarcasm ;)
Good for you, and feel free to drive the price up... ;)
Not necessarily, could have been a MM taking them for future use.
Actually, I didn't, as many people on here seem to think we are going to be listed on OTCQX. Besides, I didn't want other people to think that. Not trying to be a jerk, just trying to make sure that some people aren't surprised when they find out it's not an OTCQX listing.
GLTA
Grumpy, are we? When I posted, we hadn't surpassed yesterday's volume.. and I didn't feel the need to go back over T/S...
Level 2 info posted is for those who don't have R/T access...
500,000 shares just went off at .034 for their sake, I hope it was a buy and not someone selling off from .015 - .017
2 now at .0345 on ASK and 300K more shares traded at that .034 (3 100K trades)
Well, I'm off... have fun watching..
Actually, IMHO, it doesn't matter all that much.. it really depends on how the market reacts to news/financials. I was just posting for those w/out Level 2...
PS... It's not an OTCQX filing, PBLS is just providing information so that they will be designated as "Current Information" on pinksheets.com
Jerk NITE dropped the ask to .0345
Ren's acronym:
My Own Stupid Opinion
;)
Does it appear that volume is higher than yesterday at this point in time?
MOSO is that we don't get news today, unless it's just a PR stating that the numbers will be out on 'date certain'. However, I do expect news before Friday.
One 'problem' with line-ups on level 2 is that a new MM usually jumps in and offers a lower ask. For example, I'm sure the ask is not going directly from .035 to .04
How about taking a $100K out from under your bed and bid this up a bit.... jk
BID .0345 x 1 ETRD
ASK .035 x 7
ETRD ask of .04
CANT not showing up on either
I get Lebed's pump-and-dump emails and can't help but laugh (and cry, given some of the share prices which are much higher than PBLS) when he touts how great a stock is and WILL be in the future when their numbers and assets look like dog-crap compared to PBLS. Strange world we live in...
My guess is that we get news either with the financials or before. I'd prefer after, but my preference and 50 cents will get you.... not much of anything! So, news or news + financials before Friday. Again, not that it really matters that much...
GLTA
Tomorrow we end up between .035 - .0395 Not that it really matters that much... if at all...
GLTA
Only UBSS left at .034 looks like we end up just where we started...
Not bad... delayed by an hour (that's a pretty long delay)
Thanks.
Volume so far: 4.79M
Guess everyone is waiting...
Level 2
It usually costs $ to get Level 2 If anyone knows of an inexpensive place to get it (along with T/S,etc) please let me know. I use AlphaTrade.
Don't mean to be rude, but "You Are Crazy" ;)
Of course, I do hope you are correct, but really....
Ask at .034 only two left: UBSS SBSH not sure when the others dropped off....
Who's Sam Spade? And don't say a Private Dick/Humphrey Bogart!
I agree with your assessment...
IMHO, it would be nice (would have been nice?) if we had greater than average volume and a price increase to .04+ Why? It would show increased investor interest. Logical and rational interest, IMHO, given what is supposed to happen this week. Is it the end of world if volume is low and we stay around .034? Of course not. Am I going to change what happens? Nope...
Most of us here can not legallyshort a penny stock. If shorting is occuring, it is being done behind the scenes by, or with the support of, MM's. However, one must make educated guesses about what is happening in any market. Although I might not be making any trades, I have to sit here... and sometimes I like to speculate. In general, I have a very long term view and believe my posts show that...
Anyway, this topic is getting stale, wouldn't you agree? ;)
Of course one must use logic. However, in pinky-land logic is often based upon estimates of what is factual. If you or I knew what was 'true', which would include the intentions of other investors, we wouldn't be here now... we'd be sitting on a beach... ;)
I basically agree... longs are holding (though some will take some off the table on a run-up)... buying seems rather weak at these prices though, I guess many people don't really believe the numbers are coming out or that if they do, they won't be that good...
Well, it does pass the time and there is the chance of learning something interesting regarding the MICRO environment ... I usually don't sit and watch level 2, but I will this week. I often go months w/out checking the level 2 on PBLS, but for obvious reasons I will be stuck watching a screen for most of this week...