Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Did you see how the ask dropped to $2.39 and then when it went back to $2.40 the MMs didn't put a wall?
Gotta love OTC! They sure scared a bunch into selling at $2.39.
Yeah, a wall like would definitely scare a few people into hitting the bid.
Holy mother of all walls!!
What's with this resistance at $2.40???
I wouldn't be surprised if we get a small EOD spike.
Well, the bottom did fall out.
I was watching the Bid & Ask and it went something like this:
Bid : $2.67 / 100 shares -> Poof!
Bid : $2.66 / 200 shares -> Poof!
Bid : $2.65 / 100 shares -> Poof!
Bid : $2.64 / 100 shares -> Poof!
Bid : $2.62 / 100 shares -> Poof!
Bid : $2.60 / 100 shares -> Poof!
...
Bid : $1.95 / 1000 shares -> Please, stop the bleeding!
No Bid support whatsoever all the way down to the $1.90s.
Royal DUMP!
It’ll now drop some more and sit in limbo for months.
I think I’ve figured out how this stock works, though – on the next run, get ready to jump out before 10:30 AM (EST). Oh, and make sure you put your sell 20 points below the Bid and pray you'll get filled.
BTW, I watched the whole thing crash during the $5.44 high, and that number was just a flash trade. As soon as it hit $5.00, it started the crash. That $5.44 shown on the chart was a single out of nowhere trade, just like there was one today at $1.00.
I almost did. This is the second time I get caught in the freakin' landslide!
I put my sell order 8 whole points below the Bid and I still didn't get filled; it went past it twice like it was never there. Same story as last time - no matter how low below the current price you set your sell order at, you just can't get out fast enough.
Days worth of profits wiped in a matter of seconds.
Bid and Ask mess earlier...
Was it just my broker, or were the Bid and Ask all screwy for everyone else during the free fall? It was completely unreliable during the whole time with the Ask lower than the Bid, sometimes a 2-3 cent spread; it was impossible to pinpoint where support was.
Gotta love the OTC!
I think whether they use "reform" or "wind down" is still bad.
Any plan in regards to Fannie and Freddie that doesn't involve "release from c-ship" or "return to their rightful owners" is bad for us, shareholders, in my opinion.
It almost seems as if the main purpose of every politician's plan nowadays is to wipe out the shareholders and any value left on the GSEs.
I just have the feeling that nothing proposed tomorrow is going to benefit the common stock, and it'll suck for this to tank based on this conference now that we have built so much positive momentum.
They need to leave the GSEs the f**k alone and return them to the public market.
She's on fire!!!
I'm loving the volume!
I keep reading about this $1.89 resistance but I can't find any reference to it on the chart.
The only key resistance level that I clearly see sits between $1.76-$1.79, but let's round it up to $1.80.
If we blow past $1.80 on strong volume, then the next number to watch closely would be $2.70.
Definitely!
If all those sellers did indeed raise their orders, then it means that they are not in much hurry to get out of the stock and this is good news for us!
Let them keep moving those orders up!
So they just moved all those orders sitting at $1.72 to $1.75.
I found it hard to believe that there was enough buying pressure to take down that 1.2 million shares wall.
I couldn't agree more with you. I noticed the same thing last night when I pulled out the chart.
After the big drop at the end of May, the stock kept trading under the center Bollinger Band, finding strong resistance there.
That trend, however, reversed in the middle of September and the center band has now become support; it touched it twice (at $1.31 and $1.50, respectively) and it bounced right back up.
Without enough people stepping in all at once, we might trade in this range and under $1.76 for the next few days or weeks.
We are still doing OK from a technical point of view.
$1.62 is the new $1.64
LMAO, I know!
The same "honest banks" that got sued for billions of dollars for fraud and market manipulation.
I'm just going to roll my eyes.
Not much support and very strong resistance.
However, it looks like $1.57 was attractive enough for the bulls to step in.
The wall at $1.64 was huge! I saw it and if I recall correctly, it was something like 659,000 shares.
Yeah, a lot of day-traders, flippers, and possibly some nervous longs jumped ship during the last 15 minutes.
The Bid just kept vanishing on high volume (2.5M shares traded within the last 15-minutes, roughly 15% of today's volume) until it found support at $1.52.
Battling it out between $1.55 and $1.56. The Ask is catching up to the Bid so it may close under $1.56
Wow! I did not expect it to take down the wall at $1.54 on the Ask.
Just a minute ago, I saw almost half a billion shares sitting on the Ask for $1.55 but that's gone now!
I think it's going to touch at $1.60 today.
Still showing support around the middle Bollinger Band. It may actually close green tomorrow.
Damn, I guess my charting software is not as advanced. Is it showing you the "to the moon/$10 by Friday" pattern, too?
It looks more like a Gravestone Doji to me, but either way, this is a signal of a reversal. Add to that yesterday's Doji and there's no doubt that the sellers are gaining control.
To all of you wishing for it to go down so you can get cheaper shares, you got your wish!
Ahhhhhhh, thanks for the clarification.
250mil volume?? I'm showing 91 million shares and a Doji. Let's hope it's not an Evening Star forming.
Well, then you are supporting my point because in order to ride those free shares you had to sell some, right?
Which is exactly what I'm saying, most who had a decent profit margin in this (especially those pre-rally), sold during these two days.
I see... so are you saying that nobody with shares under $1 sold today and yesterday? Who sold? Everyone who bought at $5?
And it's only Thursday?? What is that supposed to mean?
Roughly 478 million shares traded during these two "blood-bath" days, almost as much as the combined volume of the four days before the drop.
I think pretty much everyone who got in below $1 is trying to jump ship as fast as they can, hence the struggle to get orders filled.
The only positive I see right now, is that it bounced off the middle Bollinger Band ($1.55 area) today. We'll need more trading days to confirm this as a support level.
Not getting my hopes up with this price action at $1.86.
I was in denial but now I have no doubts that this is going back to the $0.20 area (if not lower.)
Just when you think the drop is slowing down, hundreds of shares start to stack up on the Ask. There's no support or confidence on the stock whatsoever.
Really??? You got insider information? Interesting!
I saw that article earlier today since it showed up in the Google Finance News section for PGRX. My thoughts were - "finally, we get something in regards to Wallace's departure!" I, too, speculate that there could be a correlation with the Apollo deal.
The problem is that the so-called debt restructuring is looking more and more like a no-go and Blackrock seems to think so, too. I mean, seriously, it's already taken way longer that it was supposed to.
Prospect doesn't even have the cash to make the payment that was due at the end of March.
My take, they are going to dilute the hell out of the stock, either as stated on the contract to remedy the default or as a way to raise some cash.
Sure, and that's probably the reason why Blackrock decided to dump all their shares.
So long, fellas!
I sold my shares today for a remarkable loss of 83%... gotta love it when you hold the bag! Oh well... that's what you get for breaking your own rules... never, ever, ever, ever, ever, ever, ever, turn a trade into an investment, and never, ever, ever, hold a penny stock.
So far, it looks like nobody is interested in IVOT; neither the persons who attended the conference, nor the persons who saw the webcast.
Wake me up when we get some volume. LOL.
Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
To access the lobby page for the webcast of presenting companies please go to:
http://www.wsw.com/webcast/sra7/
IVOT's presentation is scheduled for 4:30PM (Pacific Time).
Did anybody register for the webcast?