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I agree the economy is healthy right now but can it sustain itself. Housing prices have increased at such a high rate while wages have increased at a much slower rate. Bottom line, people can only afford so much when it comes to a mortgage. Interest rates have been historically low. They are going to have to come up, and when they do home prices are going to have to come down. Home building has slowed down recently because there is no such thing as affordable housing anymore.
People are also starting to overspend again on homes and automobiles. Again, it just doesn't add up when wages have not increased at some crazy rate. Unemployment numbers are skewed. Sure unemployment is low, but that's because a lot of people are stuck with lower paying jobs.
Cracks are starting to show in the economy..........
I highly doubt that. The housing market is weakening, the jobs report shows a slowdown, there is world trade concern and a lot of analysts believe we are getting closer to a another recession.
It’s going to be a while. It’s a bear market for the foreseeable future IMO. Two steps down, one step up, two steps down, one step up...
I agree. It's definitely a bear market and will stay that way for the foreseeable future. I personally don't think we are far off from a mini recession. Housing and rental prices have sky rocketed while wages have stayed relatively the same. People are once again overspending. I don't think it's a good time to be buying real estate or stocks.
You can make money in any market. It's definitely a lot riskier though trying to make money in a bear market.
I personally wouldn't touch Roku or the stock market in general right now. I think we are definitely in a bear market. I think the U.S. potentially could be heading for a recession soon. People are overspending. House and rent prices have shot through the roof, while wages have stayed relatively the same.
Yesterday towards the end of the day is what you call a "head fake."
Just a dead cat bounce yesterday!
Nice head fake yesterday!!!
This has to touch .05s before it bounces back up a little. .07 support broke.
Based on chart analysis. Notice how the .07s are holding up decent today? If that support goes, next major support is in the .05s. I feel sorry for people that bought in Thursday and Friday of last week. Major loss for them.
.07s have to hold otherwise it will most likely go back down to .05s.
I believe 7s is a good entry point. It should bounce off the 7s.
7s was a good entry point. It should snap back a little from here. Oversold territory.
Support has broke. Not safe to be in the stock at this point.
Just relentless selling going on right now.
Definitely a red close! Perhaps a gap down tomorrow.
It also explains why the stock is down 25% after the spike up. A nice, quick pump.
Agreed. This technology is nothing new and a company like Tesla will not touch them or buy the company out like many people here believe. This company has massive debt and it will keep growing.
If the company's technology was that legit, they would have had massive private funding from investors rather than having to go on the OTC to seek funding.
During the three months ended March 31, 2018, the Company converted $58,430 in principal of the Notes, plus accrued interest of $20,441. As a result of the conversion of these Notes and the change in fair value of the remaining notes, the Company recorded a loss on net change in derivative and conversion of debt in the amount of $360,283 in the statement of operations for the three months ended March 31, 2018. At March 31, 2018, the fair value of the derivative liability was $5,453,635.
A massive over $8 million in liabilities (debt) while only $234k in assets.
This company has too much debt at this point. It was a quick spike for whoever was lucky enough to be in it. Now it will slowly come back down, most likely.
6 support is about to collapse.
All the "big players" on this board have quit posting, meaning they have exited the stock and moved on. There are not near the quantity of posts compared to a few days ago. Last one out please turn off the lights.
This company has too much debt. A quick pump on this stock and now it's coming back down.
Down she goes..... It appears the recovery yesterday was a dead cat bounce.
The bid is growing. 6s could have been bottom for now. We will find out if it's just a dead cat bounce or full reversal.
Something must be coming down the pipeline. You don't get this selloff for no reason. Either funding fell through or it's a toxic deal.
Ask is stacking and bid is falling.
Yes, this is another pump and dump OTC stock.
There is constant flipping going on. This stock needs news.
This is a flipper’s dream. This stock is not going anywhere until we get more information from the CEO.
I'm not sold on this company yet until the CEO releases more information on how they are going to raise capital. 99.9% of time in OTC land, capital is raised by issuing toxic debt. Otherwise, why would they be trading on the OTC, and not raise capital by private funding. The company really has no major assets at this point besides a few rights to purchase land and buildings.
I'm very skeptical of this company as most well known and creditable commercial real estate developers already have the financial backing to where they don't have to go on a market such as the OTC.
There are some good size buys today. It appears this might close the week strong.
The selling is relentless.
The bid support also appears to be thinning out.
Your wish is my command...
This appears to be losing a little bit of a steam at the moment. Perhaps, better days ahead.
Agreed. They are squashing this run.
No support for this stock. It was a dead cat bounce.
Dead cat bounce.