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Lol...yeah right. Just been invested in this stock long enough to know the pattern. It's been doing this for over a year....and here comes the Friday dump. Bunch of scumbags!
PokerStar
Probably one of the larger holders that is playing this shorting game with us. I have traded for over 25 years and have seen the dishonest b*llshit that goes on. All we can hope for now is there is a catalyst coming soon and they don't drop us back down to the low $2s again.
PokerStar
Watch level 2 today...at the moment 5K bid @$2.90 and 5K on the ask @$2.99. Just watch how many thousands of shares get traded in between these prices and never touch either the bid or the ask. This is where all the MM's short covering takes place. Unf*ckingbelievable! Dirty scumbags!
PokerStar
Do the math...when we had a 33K bid @$3.64, the price went as high as $3.78, that's when the dump of 160K started and dropped us down to low $3s. So just using that 33K @$3.64 they dumped into, if they cover those on average @$3.14, that's .50cents per share, times 33,000, that's a profit of $16,500....and still another 127,000 to cover. We've traded 33K yesterday and 17K so far today between $3.05 or so and as low as $2.88 today. So my answer to that is yes, they can make good money doing this. Still, part of me though puts the blame on dirty MMs. They can short under the guise of making a market for our shares. Like I mentioned yesterday, I watch a tight spread of $3.02 on the bid and $3.04 on the ask. Both had only a few hundred shares, yet I watched multiple thousands of shares get traded @$3.03. My belief is these dirty MMs short big orders like the 33K @$3.64, then proceed to manipulate the price to cover lower. I'd argue if it wasn't the MMs manipulating the price to cover, actual shorts would have retail to deal with, with no way of controlling upwards pressure on the stock, putting covering at their terms at risk. MMs have the ultimate power, in my opinion to play these games, but I've been wrong before.
PokerStar
As I expected...the first order of the day was for these dirty pr*cks to dump into the bid at the open to get rid of the 8K bid @$3 bucks. If the volume remains low again today, looks like they're going to dump and send this back below $2.50. These scumbags make me sick!
PokerStar
Still a bid for 8,100 shares @$3.00 sitting there at the close. I have no doubt if it's still there tomorrow at the open, shorts take it out, just like this morning's 5,700 share dump at the open. We need buyers, but none in sight. Hopefully better day tomorrow!
PokerStar
Yeah....for now. Talk about price manipulation....almost 30K betwee. $3.01 and $3.03. F*cking joke! Dirty MMs and shorts working together by the looks of it. I'm not looking forward to the usual chump change cashouts tomorrow near closing. These crooks should be locked up!
PokerStar
Watching level 2 and the bid is 1000@$3.02 and the ask is 600@$3.04, yet multiple 1000s of buys happening @$3.03. These scumbag MMs keep playing games, manipulating the share price!
PokerStar
Half the trading day left and only 21K shares trading hands. Seems like we're back to the paltry, pathetic volume here..... It was nice while it lasted. Hopefully things improve the rest of the day, but not holding my breath!
PokerStar
Lol....YES...SCUMBAGS! Lol.
PokerStar
There is no doubt in my mind that there was a group that jumped in here to increase the volume we saw over the last 4 days. The question for me remains, are they here until the acquisition in closed and beyond, or was this another orchestrated pump and dump for a quick buck? The volume should tell the tale. If we see the price drop and traders don't start taking advantage and lowering their cost, it'll be pretty good proof that they are no longer in the house. The volume should also remain well above our normal, and if it doesn't, I'd bet these dirty pr*cks bleed this all the way back down. My hopes are they leave the price bouncing around the low $3 area to cover so we don't have another huge hill to climb to move back higher, where we belong.
PokerStar
You better not be calling me a scumbag! Lol. Yeah, these dirty pr*cks like to start the day with shorting a block into the bid, to wipe it out. Like I said yesterday, they are hoping the momo and volume disappear here so they can slow bleed us lower to cover. Once we dropped to $2.87 yesterday, where the big push higher started, someone slapped the ask for about 50K to bring us back above $3 bucks in a hurry. I thought at first shorts may have already started covering, but as long as retail sees the price movement north and volume returns to normal, they will do their best to slow bleed us lower. We need retail to hold tight and buyers to step in to force the price higher to in turn force them to cover. If not, these dirty pr*cks will continue their f*cking games!
PokerStar
Another good volume day and looks like maybe some short covering already began. Big bounce back to the $3.20 area with 80K volume so far. Hopefully this continues and forces these dirty douchebags to cover and get us back over $3.50!
PokerStar
I knew damn well the shorters were letting retail buy the crap out of this until the bid support was light, then swoop in and dump over 100K into the bid to kill the price and momo. Same sh*t, different day. 4 solid heavy volume days to get us to the $3.75 area and a whopping 20 minutes of dumping to kill all that hard work. Now watch them slow bleed this on light volume for the next few weeks to cover. Their bullsh*t tactics should be illegal. Where is the SEC ??? Probably in the shorters back pocket. Funny how the rich get richer on the backs of retail, over and over. Sickening....I hope there dirty pr*cks rot in hell.
PokerStar
I knew damn well the shorters were letting retail buy the crap out of this until the bid support was light, then swoop in and dump over 100K into the bid to kill the price and momo. Same sh*t, different day. 4 solid heavy volume days to get us to the $3.75 area and a whopping 20 minutes of dumping to kill all that hard work. Now watch them slow bleed this on light volume for the next few weeks to cover. Their bullsh*t tactics should be illegal. Where is the SEC ??? Probably in the shorters back pocket. Funny how the rich get richer on the backs of retail, over and over. Sickening....I hope there dirty pr*cks rot in hell.
PokerStar
Yes they are....and if you watched level 2 going into the close, you would have seen when we traded between $3.50 and $3.55, all the bids disappear in the last 15 minutes. There were 10-15 cent spreads and the amounts were a few hundred shares per bid. 1 trader dumped a couple of thousand shares into the bid @market and the price went from $3.50 down to $3.24. I know Brian's buyback program isn't allowed any buying in the last 30 minutes of the day. I'm wondering if it's someone from the WeBull group that dumped a few at a bad time or if it was a setup? MMs are known criminals with their actions on this ticker but who knows for sure. Heavy volume again today with solid gains, even with the end of day nonsense. We had a buyer swoop in and bought like 50K and in doing so, raised the price from $3.40 area to $3.75 before the end of day games. I'm hoping we open around $3.50 tomorrow and continue to move higher towards $4 bucks, so end of the end of day sellers will be kicking themselves for selling off.
PokerStar
Wow, wow, wow....32K bid @$3.64! Here we go boys!
PokerStar
Yep, no doubt in my mind! On another note, even @$3.50, we are not even trading at 1X our combined earnings with MeridianBet! Most gambling stocks are years from profitability, yet GMGI is already profitable as well as MeridianBet, our acquisition! I remember a couple of years ago where gambling stocks traded at 5X earnings and more. We could see a real big move north here, in my opinion.
PokerStar
You may be right....bunch of dirty pr*cks!
PokerStar
Lol...like I said, I think these dirty MMs or the shorters are watching this blog and my posts. As soon as I mentioned the sky is the limit here with price...then someone dumped a pile into the bid, droppring the price from $3.54 to $3.28. Fools!
PokerStar
My gut told me that we were close to a breakout. After 3 days of heavy trading with gains being held, I had a good feeling for the first time in 18 months. I bet there are some that entered in the last few days that are contemplating selling already because they are already up 40-75%, but the sky is the limit here with such a small tradeable float. I wouldn't even consider trading down here, considering we traded as high as $14 bucks before we were even trading on the Nasdaq!
PokerStar
Good plan....mine were already set at $8.50, but just moved mine up to $12. I'll reevaluate that price again once we get closer to that and the acquisition's first quarter is released.
PokerStar
I don't give advice on trading....lol, but a good call. It's almost like the dirty MMs or the shorters watch this board and as soon as I post something positive, they start selling into the bid and dropping the price. I have been so discouraged with the price action here for months as we've grown so much, increased profits, became leaner and are now on the cusp of a 100 million dollar profitable acquisition, yet we've been trading near all time lows, where we traded when everything accomplished here was just an idea. Nothing made sense regarding the price, and the last 4 days of heavy volume trading is proof that the price was artificially dropped to allow for heavy accumulating. Hopefully the trend continues and this really explodes when the acquisition is finalized!
PokerStar
4 days now with 100K shares traded....thinking these dirty MMs and shorts have been given the message to cover. Now, if people were smart, they'd pull sell orders and force these douchebags to continue to cover at a higher price! No telling how high this goes now with the acquisition confirmed again this morning with official filings!
PokerStar
I'm not here to suggest buying or selling...that should always be a decision made solely by the investor. I post my thoughts here, not to entice buying or selling, they are opinion only from being invested in GMGI for years. My feelings have changed recently with the volume and price action. In my opinion, higher volume, price increase, and holding of recent gains, to me, suggest we are heading higher soon. The volume for the most part, in the past has been light and the price has been artificially low. Now, with a pending 100 million dollar acquisition coming any time and the holding of gains is something we haven't seen for some time. Best of luck in your trading decisions.
PokerStar
Well after a rocky start to the trading day with sellers showing up, something different than we've been seeing lately happened. After a small selloff that dropped the price to the $2.70 area, big bids started to show up and buying started to help the price creep back up. We also had another solid volume day of 100K with the price closing at a very respectable $2.90. After this heavy volume consolidation action, I am more confident than ever that we are going to resume our run to much higher levels. I can now see us breaking through $3 bucks early tomorrow and believe we will see a plethora of buyers supporting that level before buyers start pulling the trigger on ask slapping. I'm not going to lie...I haven't felt confident in the price action of this ticker for almost 2 years. Call me crazy, but I think a big rally here is coming our way. $4-$5 bucks short term is not out of the question, in my opinion! We've been stuck in the mud for far too long. A see a pent up new confidence in GMGI than ever before. Best of luck to all of our long term holders here!
PokerStar
Now, do these pr*cks keep selling it down to where this run started again, or do big buyers step in, stop the bleeding, and go back up higher. With healthy trading, we do see some profit taking on the way up, that's normal, but sustained selling is not, which has been what we've seen here for months. Hoping these clowns finally are done and we recover and not just keep sliding lower on light volume like we've been seeing.
PokerStar
Yeah....I hear you. Unfortunately, you can't fix stupid!
PokerStar
Tomorrow will tell the tale of the upcoming week, in my opinion. The break of $3 appears inevitable now, but how the price reacts will be telling. Do these loser sellers start dumping into the bid or have they finally realized they're playing with fire. If we can break $3 and see some solid bid support, I bet we see this pop to about $4 bucks before some sellers grab some profits. If this can withstand the sellers in that area, we may see the price retrace to the low to mid $3s before heading back higher. If we get acquisition news, this should really pop, in my opinion. We are more than overdue to hold our gains and move to higher ground.
PokerStar
Even with the slimy end of Friday, huge sellers, we found a way to absorb them all and close at the HOD of $2.95. This is without a doubt the most solid buying and holding of gains we've seen in over a year. Maybe, just maybe with the MeridianBet acquisition coming, we get back where we belong in the $5-$7 area for starters. It seems obvious to me that a new group of investors have started to jump onboard. Hopefully they are here for the long run and not part of the last group that showed up on for a buying spree, only to dump everything as soon as we breached $3.00. I guess next week will tell the tale of exactly who is coming aboard the good ship GMGI!
PokerStar
Solid trading and volume for a Friday. Hopefully we continue to rise and absorb remaining sellers on the ask. We could see $3 bucks by close at this rate, as long as we don't have an end of day attack on the bid.
PokerStar
It's a private company....that wants to go public. With GMGI acquiring them, they are achieving their goal. All we know is they have 1500 employees and are a profitable company. Last update from our CEO is they are a 100 million dollar company and produces 20% profits. Hope this helps.
PokerStar
Not sure the reason is but these dirty pr*cks don't know when to stop!
PokerStar
Lol...guess you're new here. Same shorters or group of sellers that have been here for 18 months.
PokerStar
Unreal volume today....over 219K with an hour and half to go today. The close today and tomorrow's trading will determine whether we hold our gains and move higher next week or the pattern continues with these douchebags selling off and not only killing the momo here, but also eating all the price increase we've see these last few days. Hopefully I'm wrong and these crooks let this run higher where we belong. Very telling few days ahead of us. IMO!
PokerStar
Over 200K in volume already....wonder if MeridianBet's 1500 employees are getting in before the acquisition closes? Would be great if they offered them an employee buying program where they buy shares twice a month from their pay that's been set aside for this purpose. The company I worked for offered this program and also as an incentive, they gave you a 10% discount from the price they bought them for. I took advantage and made a killing. Our company's shares were trading between $10 and $12 dollars. I accumulated over 5K shares over 6 years through the company program, then we were acquired by a huge company that paid us a 30% premium for our shares. When that offer was on the table, our shares were already trading for almost $30 per share. Would be nice to see this happen here!
PokerStar
Another 10K block @$2.70 on the bid just destroyed and back down to low $2.60s. I figured the dirty pr*cks would do this.
PokerStar
Looks like the dirty pr*cks are starting early! Trades going through @$2.88 but these dirty pr*cks just dumped a pile into the bid to lower the price to low $2.60s. I had a feeling these pr*cks were just letting retail take the price up so they could dump shares they bought in the low $2s. These pr*cks are relentless!
PokerStar
It's about damn time this started to finally move. It's also about time we finally see us hold the majority of our gains before the next leg up. I have my doubts tho, as we've seen this movie before. Nice gains the last couple of days have been followed with a Friday selloff, taking away all those gains. Maybe, just maybe, it doesn't follow that pattern again, but I won't believe it until I see it. With the acquisition to be announced anytime now, there's no reason to not see us hold these gains, then move higher next week!
PokerStar
No doubt...been saying this for months. Brian has set aside 2 million dollars for share buyback but it is how he is implementing the program that puzzles me. He supposedly steps in and buys back shares when he feels the share price is a bargain yet it does nothing to help increase share price and end the games the shorters are playing. If he was serious about shareholder value, he'd be bid sitting large blocks of shares and increasing his bid price as the buyers step in and increase the share price. My belief is the share buyback is being done through a market maker that is part of the shorting scheme that's gone on here for months, which is why he is buying back piles of shares and the share price remains in the toilet!
PokerStar