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yep...after hours T-trade. ECDC closed @4 eod.
I sure wish I had a bead on what to expect from this "press event". As we all have witnessed here, pr's have not done much to move pps lately. I know this is a bit different, but I am trying to be realistic. Bottom line is that there may be some exposure, but still nothing to add to bottom line. Any thoughts?
No it surely can't help the pps much. I think those being negative are either down quite a bit, are just angry, and see no chance of recovering their losses....OR they are short. The former is kind of a defeatest attitude, and the latter...well, you can't blame them. LOL GLTA LONGS
I don't know but those are some pretty heavy allegations laid out in that suit. I hope the defendants have a good defense if those things end up being proven true. Interesting though, because things have quieted down here somewhat. LOL Tomorrow's trading should be interesting as an indication of things to come now that weak hands have bailed after the unsurprising 10q. We'll see.
Now that's a whopper of a t-trade...66m!
Certainly we would all prefer there to be no increase in o/s at all. What I am saying is that almost all of us were made aware of the increase, and understood the increase was necessary to fund operations (as with almost all pennies). My point was that the increase was not as large as some thought (or hoped if short). GLTY ECDC
So by that measure, the United States of America has no revenues either? LOL!
Yup...This 10q is actually quite a bit better than I and many others were expecting. As with any penny in development phase, the numbers aren't to write home about. But they key thing here is that there is soon to be evidence of the results of this development phase and the company is generating revenue. This is not the case with many pennies that actually trade much higher than this right now. There are many other pennies with much more than 1.9B in o/s trading higher than this company. Looking forward to the future and I believe pps will begin to slowly uptick after this report and into the upcoming events/pr's. GLTA longs..
Almost every single 10q issued by a penny says the same thing....GLTY though
1.7B outstanding a/o Sept 30.....not as bad as some thought!!
this sure is a good looking L2 for the longs here...any small bit of good news and this thing runs to 00's easy. wonder if we are going to get fins today, and further if they are going to be as ugly as many are expecting. GLTA
ok. not sure that it matters too much at this point...LOL Nice close today. GLTA ECDC
Only one small transaction at 952am that went off at 0003. All other shares bought at 0004. Now 5's are up!!1 GLTY
Nope. All buys at the ask today...
http://quotes.freerealtime.com/dl/frt/M?IM=quotes&type=Time%26Sales&symbol=ecdc
One has to admit that even with the level of dilution we are witnessing, the pps seems to absorb at this level. I think this is encouraging even if just from a technical standpoint. We seem to have found a hard bottom at the 3 to 4 area. As soon as selling stops (which could be soon) and/or some kind of encouraging news hits, pps could move up very quickly. IMO
I would have thought there would be more negative comments after the share dump this afternoon. Approx 70mm at .0003 in 40 seconds. I guess the bills do have to be paid! LOL Now lets move on.
Don't like seeing VFIN stay on the low ask....:(
Sorry Flyfan..but I can't respond to your pm because I don't have a paid account. But I did take your advice which was to read the link I posted and "learn something". I'm not sure what conclusion that anyone would get from the link or any other link about shorting penny stocks, other than that it happens all the time. Can you please clarify your point? TIA
Ehhh..Not sure exactly what qualifies as "evidence", but just a quick google search shows what most traders know. While shorting penny stocks is not always easy, it is most definitely happening and many people are doing it. I look forward to your response. TIA
http://www.timothysykes.com/2011/05/the-6-best-online-discount-brokers-for-short-selling-penny-stocks-a-comprehensive-guide/
I guess this was kind of like that claim that the market was closed on Monday.....LOL
I would think that this is an encouraging development, no? So many here were predicting a massive increase in o/s and it doesn't seem to have occured. Any thoughts? TIA
Pretty interesting, huh? As of today 1.5b o/s. Wow!
LOL...You are confusing. I just said that IMO traders are not running for the doors. Secondly, 5's are already gone. In fact by today's close, 6's were gone too. The ask was at 7 at EOD. LOL
GLTA ECDC
Ahh...Ok So it is not possible that an empty shell with no ongoing operations and no plans for any future operations could continue to trade at this point?
So are you saying that since it is still trading that a r/m has to be in the works? I thought it was common knowledge that ASYI had divested its business a long time ago with the airline software deal and is now just a shell. TIA
Oh, well...only $900 worth were sold at 5 so I'm not sure how many peeps are happy with their accts as you say. But I would agree that today's trading, while quite light, shows that traders are not running for the exits like a few people here would like for us to believe.
Can you please explain what you mean by this? TIA
Is it not just possible that this company is dead and there is no future plan here? tia
IMO the trade for 7100 shares went off at less than .0001 per share and thus was averaged down to zero. not sure why anyone would sell so few shares at less than half of the ask price, but that appears to be what happened. In other words the trade could have happened at .00004 which would round down to zero. GLTA We will surely need it with this dog!
6's cleared! 7's up.
I think you are probably right Sharky...sorry, no private message for me. GLTY
Im holding because no one wants my shares...LMAO!
I assume these comments are your opinion...If not, please provide link to proof of trading being hype and stock will be down to 4. Otherwise time will tell how correct you are. If all is hype, then pps will not sustain and will drop quickly back down. Let's see what happens.
Brandon....anyone that has been around trading for a while is aware that a stock like this is not going to go straight back up the way that it came down. Hopefully for longs, which you may not be, it will stairstep, consolidate, and even capitulate. What many of us want to see here is a longer term uptrend in pps as the company continues to move forward. IMHO of course. GLTA ECDC!
Yep...trading in general is light today due to holiday....fed is closed among other things. Maybe see better action tomorrow when everyone is back to work.
So far only trading is small retailers flipping for a few hundred bucks IMO...not really any momo for buyers or sellers today.
Chart says we have next resistance test @ 0009.....If we can break that then 001 of course is a big mental resistance. If both those are broken then 0012 and 002 are in the cards. Let's take one step at a time. Slow and steady is better than rush and flush for the longs......All IMHO of course.
I think the fact that peeps were not dumping at the bid during power hour says a lot for the level of confidence at this point. Traders could have easily taken this back down to 4 or 5 going into the weekend. I think even just from a solely technical standpoint, much more is expected from ECDC. IMO
Friday's are generally not good for pennies...especially subs. A 6 or 7 close eod would be a good signal of things to come next week....IMO
Things looking good for potential run here....Need to see .001 for big money to commit and really make this move...IMO Let's go!
Not many 7's for sale either!