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If this takes off again, I'll go in for another flip :)
Look at all the trades in afterhours, almost every trade was around 3.51. Down 4%. Either way you are right it could've been worse as its gone worse in the past on some of those green days but the ones who buy into the jump are repeatedly screwed here. Only if they knew ahead of time like we all do!
Yes this has been diluted to hell but regardless it is still being manipulated and bounces still happen when bands are tight. This has bounce written all over it. Easy bounce to high 90's and if there's enough pressure and sends it back over $2 this will run causing a squeeze.
I'll also add that this is red in afterhours as well. Down 4%. Happens every time this stock jumps like this! Take the gains and get out! Lol
Turned negative several times during the day and ended unch. This never holds the jump, called it way earlier, told ya :) lol
Scooped 10K shares at 1.85 right before the bell. Should see some sort of bounce soon, bands are tight.
Immense amount of B/A straddling going on here. Manipulation at its finest.
I wasn't shorting today or yesterday; played the support bounces :)
It'll come, still holding here! This is prime for a massive jump just don't know when it'll happen but it will.
Testing 12.40 support right now. Looks like it may not hold be careful. Mid 30's will hit almost instantly if this support doesn't hold.
As I mentioned in one of my posts a little bit ago this thing will turn negative as it always does after a jump like this and the PPS just turned red. Currently: $3.64, almost $1 from the HOD. Way too much risk. I give you props you can just hold it however it doesn't make much sense when you don't take your massive gains so you can just buy in cheaper just as today's action showed. This stock does this every time.
Broke 12.60 support again. Keep your eyes out, if it continues to struggle intraday and not climb back over 12.60 look for entry at 12.50 (minor support) which should come any minute for a possible small bounce to mid 50's. If that doesn't hold an entry around 12.40 for major support will be better.
I can't stomach the swings lol, I normally trade this around 10K shares which isn't too much but a movement of 10-20% makes it a killer so I would rather flip it when it does this then hold. I buy and hold when there's no volume and sell into the volume and then from then on out flip it when it's swinging in the continuous volume. Definitely need to watch for the drop, too risky to hold for me. Glad you made some nice money here, I've always loved this stock and made some nice gains but I know of many who have gotten burned bad as with all low floaters it's all about timing.
I've been playing this stock for years. You don't want to get stuck when it jumps like this as it has dramatic pull backs so it's more beneficial to trade the swings. It does this randomly and then drops right back, then the ones that bought at the top take losses and kill the PPS even further which normally makes this turn negative. It does have massive gain opportunities but I wouldn't be caught dead holding this thing high after its jumped like this. Buy when there's no volume and sell when there is volume.
Flipped it but didn't make nearly as much as I would've if I held my shares from earlier!!! Damnit!
Why didn't I just hold my 9,500 shares one more day!!! I'm kicking myself for selling them at 3.40 yesterday... and what's even worse is I could've bought back in earlier today for around the same PPS and I didn't. Oh well! I'll be on the watch for tomorrow's action and may jump in for a flip.
I have no idea why anyone is even holding this after they announced the massive offering and liquidation of James L. 10% stake. This was doomed for a drop like this... It's not worth the fluctuations in situations like this, too much at risk. Lots of other great BDI stocks to play.
Good luck to anyone in here. I'm not short here just came on the board to check it out as I was flipping this last month before this chaotic disaster downward.
You're welcome. Current PPS: 12.60-12.61. The key here right now is the PPS needs to hold 12.60 once again. If it continues to fall below and hover in the 50's it won't have the momentum to keep pushing it back above that mark of 12.60 and then will rely on the support level below it. Keep your eyes on it if you have large funds in this one. The last hour of D&T is heavy shorting. So I don't expect this to hold 12.60 much longer.
Answering your PM Mary. Took a look at this for you. Looks like it broke through the major base support of 12.60. Next base support at 12.40. Minor support showing at 12.50. Watch for the channel in the 12.52-12.57 range, could be an interesting drop to the 40's or squeeze back to mid 60's if it could push through new resistance at 12.60 depending on momentum.
Jumped out at market around 3.40, too much bid whacking so there will most like be a small dip from current levels before more positive movement up. Will jump back in soon after these weak hands get out.
I hear news is coming :)
SHIP is now in oversold territory. This needs a push off this 1.15-1.20 bottom, come on PR. All it needs is some positive momentum and it'll sky rocket from the short squeeze and chasers!
Picked up 5k more shares around 3.16 :) this thing is going to jump, mark this post. Load up!
Your patience will pay off. Looks like we're one of the few on this site who will be ahead of the swarm. That's always the best scenario as we'll be making the most money.
I know, it's about to see some serious action soon and then we'll see the volume pour in. The shorts here have driven this thing to the ground/support line and have held it here long enough. This is a gimmie in my opinion so I've been holding patiently even though each bid and ask hit is a substantial different amount of money in my act so I hate when it closes off a measly bid hit right at the bell! Lol Can't wait for some serious gains next week, our patience will pay off as I know many in this thing have been impatient and have jumped into other BDI stocks but will end up missing the massive gap up on this one and will end up chasing. More profit for us as they do that :) I've seen it all too many times!
Jumped in here just now, 4500 shares avg fill of 3.40
As a note to this board as I randomly check it being that I've been in and out of this stock for longer than all of you put together most likely; I believe I first started trading this back in 2007. I remember when they were announcing making vending machines and trying to secure locations for their very first one. It does NOT matter what the revenue is and what they announce this purely moves off of manipulation. I've seen it move HUNDREDS of percent on absolutely nothing. Stop touting about no revenue and bad news and not following through. This is OTC land, anything goes you just need to know when to get in and get out. Watch for VNDM that is a big pressure MM that has always been a controller here for as long as I can remember. If you noticed it was the first large Quant MM sitting at .003 that should've been the time to sell if the buying pressure couldn't have pushed past it which it didn't and VNDM sat on the Ask every tick of the way down leading the way.
Just throwing it out there I posted here telling everyone to buy at .0014 before it made this run to .003. I did sell earlier than that as I play many stocks but keep in mind these pinks move off of everything BUT the "books."
I've always loved this stock as a quick play, just don't get caught in it. Play to win and then wait to get back in, that's the name of the game!
This is definitely set up nicely. It's been churning and consolidating, finally moving back up. Shorts will start covering and we'll get a boost. I know there's a PR headlining soon not sure why it's taken so long. Every dry stock has gotten a PR or even two since this one got its last one back in early December. Once we get that shorts will get squeezed. Still counting on at least a 50% jump from this level once that happens. Worth the wait.
Just hit $222 now. I feel bad for the ones who dumped yesterday in afterhours!
What do you know completely green, bid: $217.43 ask:$217.68 with a high of $219.50 Predictable! Thanks for the great gains today Tesla :)
Here comes all the positive news I told you they'd start headlining to push this back up. So damn predictable, this happens every time like clockwork! Hopefully everyone bought in instead of sold yesterday in afterhours!
Did I not call this or what? :) Bid:$214 Ask:$215.20 up over $1K already
Apparently you've never been to Europe. Every mini car that exists is a hot seller over there. About Tesla's competition; why don't you read about the CES and see why their biggest competition is massively failing as of yesterday. As far as the "Missed Deliveries" you keep taunting about, if you actually read the article it's a positive one and the headline is misleading. They are selling them faster than they can make them and by anyone's standards that is great news for the future as production needs to keep up with demand. Tesla did meet their sales goal of 80,000 but couldn't deliver them on time because of the changes they had to make later in the year. They further said they don't count the units "Sold" until they are delivered even if they've already been paid for so they are counting the remaining left from the 80,000 in Q1 as they've already been sold just just not delivered.
The market here over reacts all the time to faulty headlines in an article because no one actually reads them half the time and just sees the title and reacts to it as the PPS moves. Easy money from this cheap PPS dip. Great opportunity to get back in before $220 becomes the support line.
Replying to your PM you sent me about cars. Thanks for the compliments on it. I'll give you a mark, 46. Best of luck to you as well.
Ironically when you read the articles they are all positive news! The title is misleading. This is for sure going to be way above the current PPS that's it's trading at tomorrow.
Exactly. Holding for tomorrow's action. Over reaction in AH, too many people just read the title of the PR instead of reading the article. There will be positive ones tomorrow as they always do this throw a negative title with a positive article and then tomorrow there will be a positive title with the same information stating its good and it'll pop up.
Thanks for the great buy in! Flipped this last week and missed the ride to $220 and luckily just got back in for less than I sold last week! Up we go tomorrow from this low PPS here in AH.
Production was there but fell short of delivering them. The market is over reacting at they always do here. Tomorrows PPS will be around the same PPS it closed at. This is the same old movement this stock always does when an article is twisted making it seem negative when it's not all that negative when you read into it.
Scooped 500 shares at 213 thanks! No point on this dip!
All the shorting will be massively squeezed shortly when they start covering. This looks like it could be the reversal. :) Solid $1.25 close. That PR needs to headline so we see a trigger short cover, that would easily sky rocket this bad boy up past $2.00 without a doubt. This has lined up that way and wouldn't be surprised if it happens. I've seen it many time so that's what I've been loading and holding for!
$1.15-$1.20 is the base support, we just need a bit of positive momentum and this will climb quick. Still waiting on the damn PR that should be any day. Not sure why they're holding it back so long. The wait will be worth it whenever it's headlined. Expecting a solid 50% jump from here.