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XD if you call this light volume people coming back.
There’s literally only one person that’s giving support to the bid. If he gets tapped, the pps is gonna crash hard and heavy.
This volume suggests that people are still holding off to buy in. Interesting to see that people aren’t dumping like crazy today. Will have to see if they get scared and start dumping again this week.
A quick climb with no support will cause an equally quick fall, with momentum that could break below the lower resistance line.
For the reasoning of why this would happen (from a l2 perspective), the bid might over extend their price by increasing it higher then what its worth. Where the lower resistance line held, having hem move the price up could knock some of the investors out this weakening the lower position.
Technically, those dumping would likely find value in this as they’d be able to dump at a higher share price and get more of a potential profit out of it.
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If the upward move was backed by the lower resistance line (now the bid) as well as continued ask smacking, then a run would begin.
I see dumping and a lot of people waiting for a turn around in stock direction over the 10,15, and 30 day period. Once a reversal has been confirmed, then our true run will start.
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Moral of the story, such a tactic of market manipulation (the hitting the ask to break a higher resistance line to make a run occur) will most likely resolve the opposite. Honestly, this is a tactic used by MMs to get a lower buyin price. Note that this works with a significant ask hit, and against a weak bid (lower resistance).
Luckily, while the bid has been getting progressively weaker naturally, I don’t believe this tactic would actually break the resistance line as the large amount of volume on the bid is impressive. It definitely would shake it though and knock some investors out.
Just some trading strats and market moving logic
~13 million volume is not light volume
A 5k or even a 10k ask hit wouldn’t help this stock. In fact, it’d likely cause the bottom to drop out and we’ll be at 0.001 the same day
Can you give the sauce? (Give the source?)
And easily the most important thing that the company could do to put them ahead of others is to actually integrate a decent amount of security into their devices.
Most IoT companies are putting little to no security into their products, and a lot of people’s lives are at risk because of it.
Could Tri step up to the plate and fix the problem? It’d be a household name if people knew they were the safest IoT product line on the market.
I also saw that one of their items had a two star rating with a lot of people complaining about that complicated (and wonky) user interface.
Does the company have the ability to push new updates to these items?
I think we might see higher numbers again around CES in early January. The only thing though is that we have a month and a half until then.
That’s along time to wait, though I absolutely think they need to get more products out there as well as open up to new markets. Their items are on amazon, but what about NEWEGG? That’s where the people that’d have an interest in these kinds of products are.
Moral of the story, while we wait for CES, we (as investors) should be asking how they can get their products into more people’s hands.
That’d definitely fix / strengthen or positions here.
I do admit, it’s good they they have so many products to show off at CES. Anyone going to CES that could see these peeps? I would, but I’m kinda stuck with family and personal business atm.
I’m expecting a long to very light smack the “ass” during our close. 1.5 min to go bro XD
Remember, what happens in the stock market doesn’t really reflect what happens with the company itself. It’s more towards investor sentiment, and with investors lossing 25-80% Of their investment, sentiment is atrocious.
My personal analysis of the stock is that within the next two weeks to a month, we’ll hit or break 0.001. I don’t see us going below 0.0003 though. Maybe land in the 0.0005-0.0007 range.
That’s where I’m thinking we’ll see a true value here before CES.
Question: Why are people dumping?
Answer: We’re 19 nanopennies away from being a dead Stock. We had/have large investors that bought in at 0.006+ here, and they’ve all pretty much lost their shirts. Sooo they’re dumping because depression and lack of interest.
0.0019 needs to hold, or else we’ll be seeing 0.0015 soon enough
Stop trying to smack that “ass” and enjoy the cheap af shares. That’s a winning strategy
Bought a small chunk on the ask at 0.002. Was only ~25-30% of my buying power. Will likely fully hit the ask around CES.
Good luck everyone this week. I’ll hold off on the buy but I’ll definitely be watching. (And thanks in advance for all the peeps saying I missed the ship lol. If I did, I did. RIP)
It makes sense that with the merger, the company would want to setup the kind of share structure that’ll feel they’d need. They make some money, and makes shares more available.
That’s what I’m hoping for anyway. Either that or their preparing a market strategy to puncture their way into the global market. These next two months will be very interesting.
Thanks for the awesome reply. I really do appreciate it. Around the time I was in, we didn’t know if it was dilution or what. Given I was quick to bail (which in hindsight was a good idea), and never really led any DD on it.
1. Was there dilution
2. Does the company say they’ve diluted shares (prob on quarterly report)
3 . Do we have proof that the dilution is over, outside of the bid not getting squashed as much?
The dilution was/is still a large concern of mine here, as it makes holding fairly depressing. I agree that once the company ends their dilution and becomes operating profitable, then this will be a quick pop fly with an ez ROI of x10 to x20.
Ps. I’ll do the proper DD tomorrow but I’m stuck between my job, family, and my personal business atm with it being so close to Black Friday.
DD appreciated :)
How is my article inaccurate? Due tell.
Thanks for proving my point. Not Nasdaq material atm. Barely OTCQX
Give me factual proof that this company is worth my shares right now, and I might move my buy time frame up some. I still think it’s a little premature still to buy.
We all thought it was gonna jump back when it was 0.005, now we’re scrapping the 0.002s. Mind me for being extra cautious for tapping the ask again.
You mean -0.002 right
Pretty sure amazon is the only place their products are on sale to the general public
I’d say the current stock price is far considering the current sales levels. When CES hits and products start getting sold on amazon, maybe we’ll increase here. Definitely watching.
Another quarter, another net loss.
Ouch! They even had growth from the quarter. Seems like their increased marketing and subsidiaries is taking this company negative.
Doesn’t seem like management is willing to fix the financial problem either.
Too bad. Was a good company
You know how unlikely that is right. That’s a pretty large IF to break a 1,3, and 6 month trend
I’ll hold onto my cash until CES 2018 comes around. If I’m impressed, I’ll buy.
I can justify the continuous downward movement here
Someone who's been selling clearly owned more then 5% of the stock. Why hasn't he reported??? WTF!
Someone who's been selling clearly owned more then 5% of the stock. Why hasn't he reported??? WTF!
This drop will definitely affect the company. I'm sure we'll see a kick back from them soon enough (as long as this isn't a pump and dump; which I doubt)
With that much red compared to the overall float though?
I've never seen so much red. Holy S@#$
Correction. We're down -18.18% from the close
Lol they're operating negative with an increase of cost of sales and admin costs. Prepare to be let down XD
Getting ready to roll for the week. Got some new powder setup over the weekend. Time to hit that (as)k
I completely agree. Their cost of sales plus their increase in administrative costs are destroying the small profits we've seen recently. Rip
Haha that's funny. RXMD won't see the 0.05 range again after the bs they're pulling. Rip