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.
Yeah, if allowed to trade organically, it should eventually break through after some churning here.
If you look at my 60-minute chart, I expect the price to test the little orange and purple lines (10-MA and 13-MA) before making another move at the green line (20-MA) for a break.
Notice how it hasn't been able to close above the 20-MA for a long time. If she can close strongly above that moving average, then that's going to be great going forward. The old resistance becomes the support. (again...barring the appearance of VNDM)
It is a natural chart resistance at .0032 with the 20-MA on the 60-minute chart there. So, we get a drop back down to the .0028 area until it can muster enough strength to break above the 20-MA.
If it can break through that barrier, then expect a quick move to the .0042 resistance area.
Of course, that is barring the appearance of VNDM who would most likely stop any momentum almost immediately.
There is a "redirect loop" when trying to open Level 2 in any browser.
It results in no L2 but instead messages like the following:
"Firefox has detected that the server is redirecting the request for this address in a way that will never complete."
or on Chrome:
"This webpage has a redirect loop
ERR_TOO_MANY_REDIRECTS"
There is a "redirect loop" when trying to open Level 2 in any browser.
It results in no L2 but instead messages like the following:
"Firefox has detected that the server is redirecting the request for this address in a way that will never complete."
or:
"This webpage has a redirect loop
ERR_TOO_MANY_REDIRECTS"
I'll probably jinx it, but so far no dilution MM's have been active on L2. It appears to be only the understandably jittery traders. BMAK popped in for a couple of minutes and caused that early drop as traders jumped for the exit, but he was also on the bid side and moved off the ask with a little 10k buy.
The bid is being allowed to build, instead of getting instant fills on the bid like we've been seeing for days. Bidders are actually having to move up in hopes of fills. It has been very different so far this morning...
I flipped my MDCN shares down 3 times, increasing my share count, but losing some money each time. But she's finally looking good for a bounce today after setting a new 52-week low. My lowest "buy back" was at .0062 today.
I got mine today too. Kind od expected a dump once they became tradeable...but not yet.
I usually haven't been burned on R/S tankers, if I buy after the announcement and buy the panic. I can usually get a bounce before anything happens, but that MDCN thing sucks because our shares were frozen so we couldn't even trade out of it.
In the meantime, I'm in a bad enough mood that I'm trying to catch the FINW knife, which could be a bad idea. I have an average of .0027 at the moment and hoping for a quick flip, though it may not happen that way. I'm feeling dangerous.
It tanked hard after a merger announcement which included (as seems standard in the OTC) a huge R/S. Run for the hills!
Oh, I wasn't given a choice. It isn't a case where I pay a fee and then get the shares. I was just being told that WHENEVER I do get the shares, then I'll be charged automatically.
I don't know if it's worse than a halt. I got in two stocks before being halted last year, and both opened on the grey's at a 90% drop, so it was basically game over on those. But it's pretty darn close to that if MDCND keeps dropping.
I'm with Scottrade, and when they replied to my inquiry, they said that there would be the "standard $20 reorganization fee", so there is a cost, but they pass it on to the share holders. So, I not only have to wait until my old shares are worthless, but I get to pay a fee to receive them.
Nope. I emailed the transfer agent yesterday and got this reply:
"We are just waiting for The Depository Trust Company to make the new CUSIP eligible for electronic transfer. I expect that we should see something from them any time now. Please let me know if you have additional questions.
Thanks,
Amy Merrill"
I'm kind of tempted to buy the new lows today for a swing, but it's a shame that my old shares are now 1/3 the value they were days ago.
In an email from the transfer agent, Standard Registrar & Transfer Co. Inc.
"We are just waiting for The Depository Trust Company to make the new CUSIP eligible for electronic transfer. I expect that we should see something from them any time now. Please let me know if you have additional questions."