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Without a doubt!
Hey OC there is a reason I haven't piped in on this issue. It's because I am LONG, true longs shouldn't been worried. I do appreciate your DD!
Nice job!
.0388 bid .0399 ask
Of course IMAG isn't available, it doesn't even exist as a stock yet!!
I agree it will. However it's a longer road up with every million plus block of shares that hit the bid. "Debt conversion" or dilution.....same difference.
Go VDSC
From where? It sure looks to me that the company is diluting or it's the longs leaving as some have said. I had hopes we were done on the .03s
You can as long as you have $2.50 per share in your trading account. So if you have $250,000 in your retail trading account you can short 100,000 shares. Not likely for most!!
I also post a long article about it earlier. Retailers are not shorting penny stocks!
Go VDSC
Looks like the buying is really picking up now.
It's all good man everyone has their own view....one thing we can agree on is that we have a winning stock here! I really can't wait until Friedman can let the cat out of the bag.
Go MWIP
Well I am not a big fan of Holder but do feel the Feds should allow states to pass their own laws (which most conservations agree w/ including me) w/o being prosecuted by the Fed. I think Holder has been using that finger for quite some time and don't see him stopping that's for sure. I only hope in his remaining time he can enlighten us on the Fed approach to MMJ.
Go MWIP
I am long here but sure looks like dilution to me. I highly doubt weak hands are selling 900k share at a pop. Only my opinion
Go VDSC
I agree with all that except I think we could trend up slightly. Worst case I think you are correct with holding 4's until news. Friedman definitely wanted to say more in the call.
And as promised. I was wrong about Holder losing his job by the the 4th, now lets hope he can find time to give this sector a boost.
This is what it cost retail investors to short a penny stock...does anyone really believe there is a large short position here?
Retail investors will always believe that the shares you see on that site are actual borrowed and shorted shares. That's completely untrue.
Although it's not technically impossible to short penny stocks it is extremely difficult to do so. Interactive brokers is one of the brokers that allows shorting penny stocks among a few other brokers for only a select few people that are brave and funded enough to do so.
You need a ton of money for every share you are short. It is a minimum of $2.50/share short needed in your account to do so. No broker on this planet is stupid enough to lend you shares in a sub-penny stock without some kind of insurance or "back-up" plan in case you screw up and the stock rockets 500% overnight.
Also, there has to be shares available to short. Do you realize that even in mid-cap stocks sometimes there are NO shares available to short? I'm talking on mid-caps with more stable prices that aren't as risky as sub-pennies to short.
I decided to look into this "short data" bs that people have been posting over the past couple years or so. I looked back at the time and sales and it turns out that those "short sales" were actually just regular sells on the bid or a downtick. That's how they calculate it. Do you realize how insanely impossible it is to keep track of actual shorted and borrowed shares in real-time? Much less on a sub-penny stock that the largest part of the market could care less about?
It's one thing to sell into the market and another to borrow shares that don't belong to you to sell into the market.
I agree, don't see this consolidation lasting long. It could easily move up this afternoon or tomorrow. Folks that heard the CC won't want to sit on the sidelines too long knowing the Chief could drop some news on us in the coming days.
Go MWIP
Hey Neo,
I think what we have today is a good old healthy consolidation day. The daily chart showed the RSI right at 70 which will keep many traders/investor on the sidelines until the chart cools. We have been on a steady climb for about a month with some consolidation days along the way. We are only own 6.5% no worries, build a base here then move to mid 5's. We all know what happens when the PPS goes up too fast....
Go MWIP
Hmmm you and VagasVic thinking PR tomorrow....sounds great to me.
Go VDSC
Well stated, I completely agree.
You still holding your 6.5 mill? Pretty boring here right now waiting for updates.
Hey trustno1 I know you are a good man but lets hope no one is deciding to buy or sell a stock based on another mans postings. Everyone needs to make their own decision and live with it. No one gets anywhere in life by blaming! I have made my fair share of bad trading decisions but I work hard and own my mistakes learning from everyone. Just my two cents...which is where I hope this is early next week.
Go VDSC
Very nice call on the past few days of trading!! You have made some great prediction over the past few months and I hope your sting of great calls continues with this latest prediction. For the doubters or newbies please check this man's history here. Have a great holiday weekend, see you back here Monday morning for the start of a historic week!!
Go VDSC
Awesome day so far, nice volume pushing us up!!
Go MWIP
I believe the saying goes...get in...sit down...shut up...and hold on.....and in this case you better buckle up!!
Go VDSC
Can't ask for anything more, great set up for Friday. Have a great 4th of July. God bless you and your family. That baby girl will change you life, mine is 9 and still my little princess.
Go MWIP
I see someone loaded a nice block of 1 million share already today.
Go VDSC
They show up chasing this stock then get upset when it consolidates. I was truly surprised to see so many new people posting today.
Go VDSC
Some may be man at you but quite often you have been right. I don't blame anyone for trading and making money. We all know how the game is played. Good to hear you are back in. I sure hope the small debt conversion is over with that last 5 mill trade.
Go VDSC
Lol many go us would be very pleased!!
Some could have been waiting for a morning dip....we will see shortly.
Go VDSC
Another site is continuing to predict VDSC to move up
http://blog.todayspickis.com/2013/07/01/stocks-to-watch-tuesday-07-02-13-ewrl-vdsc-ptrc.aspx
Go VDSC
Good day GTI,
Moving up strong now, looking at the chart newbies should see a great opportunity to get in!!
Go VDSC
Thanks for sharing your view Vegasvic. The reality is we are all here to make money. Everyone was happy went you called the run up here but not so happy to hear the run has met some stiff headwinds. It is clear to me the share structure has/is changing here that's why the higher volume trading days with PPS declining. Shorting is always part of it but doesn't explain it all.
Go VDSC
I see it but what doesn't make sense with all that selling the PPS didn't go down???
This was the 2nd highest volume since our 220% day back on April 25th. Many retailers have bought in since then so the vast majority are in above .006. I don't have level 2 because I don't have time to watch it but the numbers don't add up to me.
I am not trying to be negative and I am not selling only trying to sort things out. I am lucky that my PPS average is very low, many aren't that lucky.
Ugly week here GTI, not good. We get good news and go down, way down! I don't believe this is MM games anymore. The PR's were good but all forward looking saying no revenues until the fall. If this truly isn't any dilution then some big longs are unloading because they see we are at least 3 months away from the start of revenue as it currently stands. Not bashing man, just calling it how i see it. As you know I am invested here too.
Go VDSC
Good day to you GTI,
We should be headed back in the right direct today! Good to hear the CEO deliver some NEW that we hadn't heard about before, at details of where the ferry service would be. I have a busy day at work this morning but will check in mid day.
Go VDSC
Easy there my friend, I am neither short or out of share. I have been accumulating shares since January, check my posting history. I agree this s great news and even better that we got numbers.
Go VDSC
I partially agree, but this is the first time we heard projected revenue numbers. And they are higher than I was expecting. go VDSC
Great news!! It is a forward looking statement lets see how folks take it. Regardless we needed to hear from Peter and we got it, business plan still moving ahead!!
Go VDSC