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Shit I can't believe that went unnoticed yesterday. Sometimes I rely on my think or swim platform for news notifications rather than check OTCMarkets daily. Didn't pop up on the trading platform yesterday!
When I bought BMXI almost 3 weeks ago, my initial price target was mid .60s and that I would be selling last week but with that tiny Unrestricted float of 12,753,464, the fact that we are in cruise control and have not seen any breakout on real volume (10 to 40 million volume days) there's no way in hell I would sell under $1 dollar!!! Can't imagine that we do not get there this week!
I know that Insider Financial has said that RSI indicates slightly overbought. I never look at RSIs other than to say RSI always shows up in for me in candlesticks and they would indicate the same but you really can't read into that with this low volume & float because like I said, it just seems to be in cruise control. The reason I think we are seeing false readings on the RSI is because the last 2 trade sessions it jumps out of the gate rather quick then cools down early but holds it's gains w/ a tiny sell off at the EOD. RSI is not reliable with all of these conditions imo. I thought it would happen yesterday but it could happen today or tomorrow that it's going to jump out of the gates early and not look back! Special kind of stock
Thanks for this info Z
I would not look for much of a dip tomorrow. Zar was correct when he said MMs were trying to paint the close Friday with very little gain. I thought the same thing Friday at the close, it was easy to see it! So easy to manipulate the candlestick on such a low float/low volume stock!
Friday had a strong start AND IT WAS A FRIDAY! There are only more eyes on it going into the new week and the float is that much more locked on a NON DILUTIVE stock. So what do you think that means for Monday if Fridays are notoriously known as sell off days? I would not wait for that "big" dip, it's just not going to be there imo! I could be wrong, this is the Biden Admin era!
Exactly. The last 2 videos by InsiderFin there is an "investor" begging for coverage on KATX and inquiring about them and IF does not respond but I do telling them to "stick a fork in them" - road kill because they had their little worthless run, telling this clown, "you passing on BMXI for this worthless junk?" but that is the down fall of many people who try to make a living at this and that is:
1) Penny Stocks usually only have 1 run and after that it is over and done with!
2) Trade them don't marry them. Imagine if you could have a magic eraser and you buy a POS stock and it does not do what you expected it to do and at the same time you see a stock that WILL DO what you had hoped on the loser stock and all you have to do is erase the ticker of the loser stock with your "magic eraser" and fill in the gap with the newly found stock of the promised land? Only cost a $7 dollar brokerage fee to make it happen but too many times, people are reluctant to take a loss and they pass on a winner like BMXI! It is not a criticism but just a reality and one I have had to learn the hard way over the years!
I've never been able to figure out how to upload images like this here on Ihub but yeah, it's coming!
Actually owning shares would be a start!
What is insane BB is that WE HAVE NOT SEEN REAL VOLUME HERE YET! Can you imagine what Monday is going to be like if we see real volume? Maybe a PR Monday or Tuesday?!?!
I've got my sell order in at $2.89 to jump your ask of ask of $2.90
Damn right! A rockstar in a sea of red today!
$$%% BMXI
It's about to happen. .30 today?
They missed all the highlights found in the stickies on IHub but they do bring eyes to the stock! There are some people that Insider is the only way they find stocks!!
BMXI on Insider Financial this morning:
I don't really care to see a Friday PR but I would love to see a "perfect storm" type of scenario like a move to big move Friday or Monday, a huge PR the next day giving this an MTRT type of move! We can always hope
Yep, super nice! Gonna fly hard
Wow, I feel for you. That's a tough pill to swallow because this will go over .10 cents tomorrow!
Nice recovery today. Looks like .70 next week rather than this week! Awesome work Z. Love all the highlights of the call esp. #6
I gotta tell you mon? Nah, you're not stupid, not your 1st rodeo nor mine! Terrell Owens made famous "get your popcorn ready" BMXI says "get your ganja ready because you might just have a heart attack tomorrow" UP 74.26 ON LESS THAN 1.4 MILLION SHARES VOLUME!!!! How insane is that?? I DON'T EVEN WANT TO THINK ABOUT IT!!!
Lima, it's cold as chit here today! Saw the strangest thing walking down the street in Miraflores today. An old Middle Eastern man about 7 foot tall wearing a turban with a heavy white beard and a very expensive suit. You don't see that every day in South America!
Yep, usually conference calls have a negative reaction but not this one!
If you have any sort of heart condition you may want to stock up on ganja tonight because tomorrow could cause problems!
Just got back w/ 10 minutes to go in today's session and we're up 74%, this after going to eat Indian food and while that may sound simple, there is only one place to eat Indian food in this city of 10 million people and it requires a 7 mile walk on my part! I should go again tomorrow for good luck because it obviously worked today for BMXI !!! Take one for the Gipper
Yeah I did listen to it; great interview. Just an odd way of closing with that 81K Ask pushing it down at the EOD made me question if more of that Reg A was made available.
That couldn't have been retail. It's not a bad thing that it came from the Reg A; just that much less to go thru and a crappy close!
Wonder how much of that 10 million remainder on the Reg A offering we burned thru today?!?! That had to be the reason for the crappy candlestick! Maybe we'll know by tomorrow
Who said anything about selling at .20? I was saying what could easily happen in a single day's move. If we close at .10 today we could see .30 w/ 10 million volume tomorrow!
If it were to have 10 mil. volume today it could easily go to .20+ today; maybe we see some kind of move like that tomorrow if not today!
I'm teasing Insider Financial, telling them about the company but not giving the ticker!
Take a look at the last comment
Me tooooooo, That'd be nice. You been busy this morning!
You sure about that BB? That's a pretty bold prediction! Better start making more conservative call are people are going to call you Halbrooke (sure I spelt that wrong)
We may not be on the BOB yet but tomorrow I bet we will be!
We start having 10+Million volume days over the next few days & we'll get there fast!
Looking explosive this morning Zar!
Morning Zar, good to see you, volume was 2.9; you're probably rounding up. So that would mean all of yesterday's volume was dilution added to the float & none retail. It has not been added to OTCMarkets yet and now there is about 9 million left of the March 15 offer!?!
One of these days this IPO will do it's thing; just a matter of time
NUTX
In a perfect world yeah, I agree. Still, I'm sure we both have seen examples of companies with multiple RSs that have a history of doing them and everyone just knows it about the stock, it's their MO!
The numbers that I put out there last night seems to indicate they have only diluted 1/2 of the 25 million offer from Mar. 15 and that the volume seen over the past 5 trade sessions & it going down the past 3 is NOT from dilution to the OS because the SS has not changed according to OTCMarkets since at least July 27th.
Maybe the chart and awareness will be enough to drive the volume up and send this. A great PR would be great but I've learned not to count on them and that is probably more especially so when it come to exploration mineral stocks.
7/23/20 date of only split
Thanks. I just noticed that OTCMarket finally updated the SS last on the 31st yesterday; the last update was on the 27th I believe and there was no change, still 29,916,735. So none of this volume the past several days came from the offering!!??
29,916,735 OS - 17,795,181 OS Pre-Offer would leave 12,121,554 left to dilute from the offering. Gone thru barely half. Hmmm. Damn
The reason I bashed a little this morning on Twitter is because the company put out a tweet pre-market, they see all the action on their stock and they can't come up with something good in the way of a PR? PR is not a tweet. They need to get that volume going to eat that massive 12 million remaining on the offer or risk losing this opportunity imo! I was hoping to ignite some pride in the company if they saw peeps bashing them so they might would get out a PR!
How do you know that the 25 million is about used up? Here is the volume breakdown since the filing on March 15:
Since March 15 - August 01 the volume has been 21,955,295
The past 5 trade session, starting on July 26, the volume has been 14,922,137 of that 21,955,295.
Variables to consider assuming they started diluting w/ the offering on Mar 15:
How much was from retail and how much was from that 25 million offering?
I would like to think that most of that 14,922,137 is from the offering but how does that work when most of that volume was below .12 and the offering is at .12? They are selling .12 cent shares at .03 and .04 ?!?!
The wording in the filing is up to 25,000,000
Some of that selling could be from retail. Maybe they do not do the whole 25 million?! I can assume they do the whole 25 mil. An assumption