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.
Higher than 58%. Still a lot of retail activity. 100s of millions bought by retail traders haven gotten the WORD. Go GTCH
thanks boomer
Forgot to check that for some reason ....Thanks. Just another sign I have limited time here as an old fart...there has been a recent R/S of my outstanding brain cells.
Big buys all of a sudden...????
What was the source notification of the BNIX failure to attain financing?
Good to remember.
I believe 2s will be seen again at EOD.
so true...if only I had a crystal ball. Knowing would have allowed me to transfer a bit more $$ to my account to grope in accumulating more 1s. Sadly, I have to sit out of this frenzy. Darn. Glad to see other smart traders doing so though.
Some SHs put too much emphasis on BNIX. That was not a "DEAL" for GTCH, that was... "You OWE me"... it did not work out for BNIX. Within that huge trade volume IS a lot of retail traders that are leaving GTCH as a result of the BNIX contract failure. Then again, this in not only MORE MM coverage for naked shorts, there are a LOT of retail traders seeing GTCH as a good opportunity - especially buying in at .0001. Only ONE thought should be on each trader's mind right NOW: WILL GTCH/TOKENIZE BE BOUGHT UP AND AT WHAT PRICE! GTCH's tech keeps me here!
The trade spike, I agree, will be massive. 2s now represent MMs play platform. Just like 1s were, 2s will be limitless. Naked 2s will now be bountiful for any short borrowing.
I certainly hope that longs do not have to wait as long as they did at 1s for it to occur at 2s as well for MMs to raise the pps bar... good grief!
Right now, any REAL rise in the pps depends on that perceived possibility that GTCH has a buyer.
IMO, there is NO chance GTCH will be bought out by either AVAI or BNIX. Chips is the driving force on a buyout. Neither AVAI or BNIX have that capacity. Besides, SHs should be looking forward to a buyout via a chip maker that has DEEP Pockets. GTCH's eventual ownership of AVAI and BNIX shares is an additional come on for any buyer in their consideration.
Recent posts speculate that upon announcement of a buyer, all hell is going to break loose in the trade of GTCH shares.... from a rise to .03 to 30. Now THAT is where an interested retail trader should focus on as speculation!! BUY, buy, buy.
Could be so true can, I really have no idea what an expected price for what tech GTCH has to offer. As a boomer, $1B was considered a LOT of money, then we didn't have any billionaires either.
Totally in agreement! Go GTCH. This week? Sooner than later for sure.
Hi Werd. A Sunday math question.
You and I seem to be on different pages in regard to GTCH's potential PPS. I like yours better but I just don't see it going that high.
As I see it, the ONLY thing that is going to make the GTCH pps rise significantly is their announcement of the buyer (there will be of course). Problem is, IMO, that will specify that GTCH shares are to be converted to an already existing trade symbol (my guess). Depending on how high their bid to buy (even $billion) AND the current pricing of the buyer's share price is, the prorated conversion into these new shares COULD be VERY high.
For example, when all is said and done, I believe there will be 30B shares of GTCH when the deal is struck. If this is the case, when the buyer offers a Billion$ for GTCH. On the books then, each share would immediately be valued at (1B$/30B shares) .0333. Sweet but far from your estimate of $.30. Not only that, but we would receive far fewer shares of the new company's shares...that is, lets say, the new company's pps is $33.30. That would mean GTCH share holders would only receive 1/1000 (33.3/.0333) of the total they currently hold in GTCH shares (after buyout at .0333 per share).
If the scenario I stated above came true, longs WOULD see a jump to .0333 in a flash - but logically, no further as I see it. Also, logically, that pricing would rise even further if the buyer chooses to pay more for GTCH's tech....but they would have to offer substantially more to get our pricing to .30....OR the exchange ratio is substantially improves, say to 1/200!
IT, I try to think of it this way....try this, if you like it, buy it...or return it.
In the IT world, trying it can take many years! Only recently has AVAI and BNIX become a reality. All concerned with BOTH continued using GTCH/Tokenize technology as they developed.
BOTH are now nearly past 'trying' and now willing to implement their own mechanics with GTCH tech most assuredly imbedded in such mechanics. Thus the need to pay GTCH for their part in the development. The contracts are means by which AVAI and BNIX pay GTCH/Tokenize. All negotiable and time consuming until ALL parties sign on the dotted line.
Problem is now is not only is GTCH/Tokenize, AVAI and BNIX involved in the negotiation but there is a new kid on the block - THE BUYER OF GTCH/TOKENIZE.
Because AVAI and BNIX have taken so long in 'trying' and finally willing to 'buying' - GTCH/Tokenize went on their own course as well. NOW they have chosen to sell GTCH/Tokenize in whole. NOW all the necessary 'signing' has taken a much lengthier road. SHs have no choice but to wait longer now.
AVAI and BNIX shares are supposed to be listed as assets when owned by a different company. A different company would be GTCH. Per GTCH reported financials, I am hard pressed to see ANY indication of such ownership of either AVAI or BNIX shares. That indicates to me that these contracts have not been consummated, otherwise their shares would be listed as assets of GTCH. Basically, GTCH has no income nor assets other than the patents it owns rights to.
Sure, SHs are aware that GTCH has patents of value AND that they have 'potential' contracts open with BNIX and AVAI but as of yet, NO WORTH IS ASSIGNED. Am I correct in viewing these assets still as 'potential' rather than hard value assets that should be listed in REAL dollars when they provide their financial reports???? Today, I am still convinced GTCH has no assets of VALUE...because none, to date, has been confirmed by GTCH management.
No news... same-o, same-o
Most are not so inclined to be so straight forward believing, as I am, the process is as so stated. I actually see the need to ensure good market trade, it is the extent MMs take it that it becomes corruption...or, should I say, a money scheme that has been so abusive to the retail trader.
Naked GTCH shares offered up to shorts by the MMs are counterfeit and not included in the O/S as you well know. My gripe is that MMs have such a capacity to generate them. Those shares, supposedly, will be taken off the books by what will be 'real shares' when they have to purchase replacement shares in the retail market. BS
IMO, that concept is impractical. When the market surges as a result of the 'once in a lifetime PR' GTCH will release per its purchase, again IMO, THERE WILL NOT BE SUFFICIENT SHARES TO MEET THE DEMAND FOR THEM! Existing naked short contracts will virtually disappear because MMs release more naked shares that, in effect, are issued to cover the need to "replace". All MM smoke and mirrors.
The only 'real' money comes from the retail buyers who arbitrarily are sold naked shares in market trade initially and the fees paid by shorts to 'buy' those naked short contracts at the time.
All of those shares bought by retail traders are actually replaced by real O/S shares over time while the capacity above what was bought and then sold by shorts are 'replaced' again by naked shares generated by the MMs for this purpose only.
All shares sold to retail buyers at the time of a naked share surge are covered...during the time short contracts are fulfilled. In other words, MMs have naked shares on the market at ALL times because 'replacement' is governed by what 'actual' O/S shares are available. NEVER sufficient enough to cover in full...naked shorting is an 'acceptable' pyramid scheme.
Thanks can, I was wondering if anyone else is getting that inclination...I have NEVER participated in such a run. Can't quite come to grips with it.
The L2 trade pattern is confusing me right now. Are the MM trying to tell us something?
I am glad we remain friendly. No real truisms here. Yet I do require a bit more clarity as a result of your post - you stating as a 'player' , I am too, or is it stated to inform us that you are a 'deciding factor' within GTCH? I will follow if that is the case!
Anyone willing to concur with my thought that when GTCH releases a PR acknowledging the sale that the trade volume will exceed 2B that day...or more? I am trying to fathom that. Surreal. But attainable???
IMO, it is not the selling that is the issue. MMs can and do generate naked shares to satisfy demand to buy AT THE MARKET. What they can't accommodate much of is the willingness of a retail buyer to PAY ABOVE MARKET. MMs can accommodate any retail buyer willing to do that IF IT IS NOT TOO LARGE. MMs love to sell to someone willing to pay more than market - free money is free money.
Someone did exactly that for 2M shares at .0002. They took the money offered and sold shares at .0002. But that purchase was quickly erased with a like kind sale at .0001. Pay attention to the game....
Where did the 13M+ buy at one come from? Invention is solely in the hands of the MMs. OK, I am done griping....
MMs will NOT allow any significant trade a .0002 before GTCH releases the Kraken. Any retail buyer can buy as much fake shares they care too at .0001. DO IT!
Without a rise in the O/S, it is hard for me to grasp where the 400M retail bought shares at .0001 came from yesterday. Supposedly, retail traders buy REAL shares (not borrowed). REAL? What retail buyer is sell his/her shares right now knowing that at any day not, all hell is going to break loose. Absurd the leeway MM's have to stir trade.
Powerful post.
Powerful Post! I do not give advice. I do express solid conviction in my opinions. NOTHING is going to change my conviction towards buying and holding GTCH shares. Each to their own. BUT along with my conviction rests a time factor. That time is so NEAR I can taste it.
I would like you to consider the Naked short interest in GTCH over the last 2 months. I hate it. BUT I do understand that with such abuse comes the reality that MMs KNOW GTCH is very worth their interest. WHY? Because they have the experience and own the mechanism that naked shorting WILL provide significant profit for the 'INs' of Wall Street. THEY KNOW WHAT THEY ARE DOING. It is tried and true methodology.
While Longs wait for their piece of the pie, BE ASSURED it will come. Wall Street doesn't lose. They MUST understand that GTCH is about to release the Kraken....The only one that can. The MMs are quite confident it is.
While I grumble at the unfairness of it all, I accommodate it with my own realization of what happens when it is released... Hang on to your seats folks. Here, 30B shares will be meaningless when YOUR share of the green steps forward. Get ready to enjoy your surprise when the extent of it rocks your brain!!!
For most retail traders, FOMO is what it is all about. Lack of knowledge and fence walkers is about to disappear.
Well, zino, NO ONE in the investment world should consider ownership of GTCH share offering ANY risk at all! Buying shares at this level ONLY offers gain - the only 'glitch' is that a retail trader does not know WHEN and HOW MUCH.
IMO, the SS is locked in unless the the buyer of G/T requires them to complete on prior to completion of the purchase (unless of course that G/T decided to reject the buyout objective and move forward on their own). I 'expect' that the SS will be adjusted in the terms of the actual purchase agreement - i.e., the conversion of GTCH shares to the new symbol (yes, I believe the buyer will already be an established market member). That swap will govern what share of the gain SHs attain through the purchase...think BIG rather than small.
The "facts' posted by Man and zino SHOULD provide a clear understanding of what Longs have to look forward to ... provided GTCH goes to bat for shareholders in addition to their own best interests. I choose to BELIEVE they will. It is fair to assume that they will SOON to be acknowledged.
This week? Those of you retail traders reading GTCH posts and still riding the fence of indecision BETTER jump down the right side THIS WEEK or you WILL be loaded with regret rather than shares!
I am not trying to be a smart ass mlsg, I just want your input as to why you think these preexisting contract (proposals as yet, not 'signed' off on as I see it) are relevant to GTCH's pps right now.
Sure, the "buyer" would be aware and the evaluating the 'potential' on THEIR pps should they BUY GTCH assets, but not GTCH per se right now. Those contracts DO matter to how much they contribute to the price the BUYER is willing to PAY for GTCH. ONLY, IMO, the buying price (and WHO that buyer might be) is all that matters right now....are we saying the same thing here?
When naked shorts lose on GTCH, retail trader's win. No other way our DD, courage and loyalty to a ticker result in BIG bucks and not subsistence crumbs. WE are the winners in supporting the hard work of the founding ticker's success - WE deserve some of the spoils.
It is very nice to see the increased attention GTCH is getting. Well deserved IMO. But needs MUCH more. Today, that might just happen.
No news on why the deluge of shares traded yesterday. Not public anyways. Waiting on the OTC short report update. I figure the cause caught the MMs unprepared for the rise as well, their attempt in generating false shares to keep the pps at .0001 may come around and bite them today. Yet it does show the extent of their capabilities to manipulate the trade market in Pinkyland.
You can well imagine my dislike of such a capability in the face of NATURAL supply and demand factors the Capitalistic framework (of getting what you pay for) our industrialized country once endeavored to retain. YET, Capitalism's current state, so boldly demonstrated in Pinkyland, may be just as natural - something I have yet to accommodate, but I am getting there...evolution takes time. Better to accept the required change rather than to fight it. Even in ignorance, I now deem myself ready.
Let's make some money Longs!
Is the MMs treating actual retail buys like borrowed shares...without a buyback clause? Did we all buy fake shares today? NOBODY can convince me that anyone owning real shares now SOLD any of them today. Yet 600M shares traded hands. All there is to think is that GTCH just increased the O/S by a whopping 600M? I sure am on the field of play but no one wants to tell me what game I am playing! Isn't that cheating?
Been on this ride before. Still buying tickets. I know it is the ONLY way I have ANY chance of making green that I do not have to bust my ass for... I am here for that reason like every other retail trader...KNOWING it is a very risky game, but the chance of winning is real.
GTCH has been giving green to a lot of winners ever since it arrived in Pinkyland...just not much in an actual retail trader's pocket. Isn't it time for us by now?
I think there was some insider news being passed about. No news I am aware of specifically citing GTCH....yet 600M trade day.
When the run starts with real news, no close at .0002.
So....if it was a retail run on shares, where did those shares come from? No holder of O/S shares right now are selling. No naked short holding borrowed shares sold either, IMO, This is ALL MM BS!
At some point, reality will take the lead... Then we will know for sure.
Just how does the trade exceed 600M and no pps movement.
both AVAI and BNIX doing some fancy trading. Some news for GTCH tomorrow?
GTCH management publically stated they intend to sell GTCH/Tokenize.
A sale IS a buyout. The real unanswered question is how much a buyer would be willing to pay!!!