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SHH don't tell them they're low on shares, they may issue more :P.
That makes sense, thank you for the explanation.
I don't know for certain, obviously I'd be a very rich man if I could make perfect predictions...But as of last night there was heavy support in the .008-.01 range, so if you were looking to buy or add, this may be a good time to do it IMO
That's a good question, and like you I have no idea whether or not this is the case. The reasoning that tells me this isn't the case is the fact that if the company wanted to simply dump shares, they would make a lot more profit if they waited until the stock jumped more before doing so...one major release then another news release this morning is enough to drive this stock much higher IMO...If that was their plan, it would be to their advantage to let the price continue to climb before doing that. Granted a couple 100% gain is significant, the high possibility of another double or triple in price in the near future would make it worth it to wait and let the price really climb...Though I don't believe this is what they're doing, just thinking that if it was something they had planned to do, they would wait a little longer before doing so as now a lot of attention and buyers are jumping on this stock so the price, once profit takes ease off the sell button, can easily double again...that's my opinion anyway...I think we're seeing people taking some major profits early on, but the volume is incredibly high so I'm hoping to see an afternoon rally!
Shallow PR reports that many penny stock use are pumping methods for sure, but government patent approval isn't a fake out to pump the stock, it's sustained data, and despite the debt the company has, look at it's share price, the upside potential far outweighs the risks IMO.
I partially understand the Bond post of 3.50, but doesn't anyone have further insight that may be able to explain more about what this means?
WOW, some major volume movements! Some profit taking, ready for the next move up...A lot of large buys in .01+ so far today...Patience will be rewarded...the .004-.006 buyers from yesterday are taking profit and being replaced buy .01+ holders...A strengthening base IMO
Make out big $$$ that is...LOL
You/We shall make out big!!!
Chart is looking beautiful! Just broke through last resistance...As long as the buys keep coming, there's not much resistance at this point...Very nice . $$$
I really do hope they announce earnings after market today! They haven't confirmed it, but I have a good feeling that it's coming.
That would be nice, though I'm glad to see that many of the big players aren't jumping ship! The board has certainly quieted though. Let's break resistance today .
Pink stocks are the riskiest buys there are as you know, holding them long term without strong information to back it is like playing blackjack blind! If the money's not there, move on, if it is, ride it as far is it will take you...Holding a penny stock LONG term will make you lose money more often then not...Out of the pinkies that are successful there are probably a dozen or more that fail...I caught this one early yesterday when I saw the news and have been riding it up, but I wouldn't have had any reason to buy it or hold it 5 days ago. Congrats to those who did own it...Too many people get emotionally attached to a stock and hold it forever...If it's at 8 bucks and you see it dropping fast, sell it! Buy back in when it stops dropping if you think it can go up again, don't hold it all the way down then expect it to go all the way back up, that's a horrible strategy IMO...Anyway, all the major market PR's had GERS in their headlines last night so hopefully we'll see another day of great movement and volume!
Many have moved away from the most conservative investments as well (CD's and treasury notes) as their returns wouldn't even keep pace with inflation...The financial market is either in a Bull rally, or has gone manic! B of A up almost 50% in 3 days, definitely some strong energy behind the market right now...Let's see some strong movement with CEMJQ today!
I found 245.6 Million shares outstanding.
With apx 90Mil. shares traded, The PR has done a lot more than any pumping could do.
You make no sense, sorry you only made 10%, complain to a board that cares about your whining...If I wanted a 10% gain I would have bought B of A stock this morning, their up actually almost 15% on the day, bad call on the early sale.
I think the news is starting to catch on...The MM's are getting annoying though.
Some big volume buys going through...hopefully the profit takers are done for the day.
Wow...how long did it run for?
I agree, even with the run up so far today, it's way undervalued given the news...it was trading several times this amount only a few months ago...Hopefully we see an end of day rally and a continual run up!
Some active selling at the moment...Time for buyers to jump back in on this dip!
All day rally! no pull backs yet.
This volume is unbelievable! Not to mention of course the skyrocketing price! Does anyone have charts or L2 info? Curious to see if there's any resistance forming at all yet .
I can't get any work done today...I can't take my eyes off the screen!!! Big money ...Any guesses for EOD?
I'd love to see a push above the 50Day average today!
Call it a hunch, but since they filed Chapter-11, I'm going to say it's probably a safe bet that earnings will be in the red...A small loss would beat expectations and be good news so that's what I'm hoping to see...A profit would be a huge shock, but hey it's possible I suppose.
Should be a fun last hour to watch!
Wow, Buying picking up fast...Any court activity go on today? Perhaps some news upcoming?
.0899 HOD....0899? I think that would could have been rounded up lol.
New HOD. .089!!!
Great day for most of the market, I love it!
Well we're now seeing the volume...pushing the wrong way :/
Yeah, Couldn't resist haha
Hopefully not the highway to hell :P
Yeah I don't expect/am hoping there's no sell off end of day...i think yesterday was the major sell off, hopefully we have a run up to the close!
Yeah hopefully we can hit our volume average, that would be a good sign of more interest.
Keep in mind though we have 4 times more outstanding shares then they do.
Volume died today! Sure it's Friday, but 4 million shares, that's low.
There's huge potential here, but it's a penny stock in bankruptcy...It's going to trade on news...Got great news, stock soared, now it's tumbling until the next PR comes out, seems like every other penny stock I've seen, except I believe this one is really worth the risk for gains.