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And a bunch more at $5.30 disaster. Average is $7.00 now :(
$5.00 should be support. if that falls.. well that would suck
As called time brings decay. Pops were on nice news tibits but fluff none the less.
Then there was that one twitter guy who brought a lot of eyes to it.
now that it's dropped .08 then .07 it won't bode well for the short term investors/chasers that this news brings. New investors don't like the prospect of long term dead money, which this really is. regardless if long term could mean 1000%+ return plus
my concern was that when these new guys run for the door If/When it trades in the lowers .06 that we will see 52 Week lows tested.
I hope for all the die-hard longs on here that doesn't happen, but 4 times out of 5 this is how these things play out.
I'll start re-adding in the .05s but my buying strength won't hold it up.
49 out of 50 penny stocks go to zero. All of them decay with time and lack of news.
good luck to all. Just my opinion.
............
Picked up some .10 today. only around $1500 worth.
Time will tell if that was a bad call or not.
need some news
The real tell here is that no one of any ilk is buying shares at these prices.
There is no price support at the moment.
everyone knows there will be a 25x to 100x reverse split.
no stock ever goes up that I can think of after this type of announcement.
until some sort of partnership or deal is announced, this should be dead money.
I come up to 1 year in a couple of months. tax % on capital gains will go down for me.
**If indeed capital gains materialize.**
good luck to all.
Investor Relations are there to take phone calls and basically say nothing. They cannot say anything material for legal reasons.
I have never given them time of day as their function is not much more than psychology counseling.
I remember speaking to IR maybe a decade or more ago, only to see through their B.S. and see a share price drop from $7 down to $.32
Why the slow sell-off on Friday? It's not dilution that I can see
Added another 7K shares under 6.92 today
avg mid $7s now
LT hold
Ground Zero 2/22/21 - Debt Settled - all converted shares sold.
*IMO any business updates/good news from here forward signals firm reversal in Share Price?
Feb. 22, 2021 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq: BRQS, the “Company”), a global provider of embedded software and products for the Internet of Things (IoT), reported today that the Company as previously disclosed that the Company has entered into agreements dated December 14, 2020 with its senior lender and LMFA Financing LLC (“LMFA”), a Florida limited liability company and wholly owned subsidiary of LM Funding America, Inc. (Nasdaq: LMFA), in which LMFA will purchase approximately $18 million of debt in tranches. As of February 10, 2021, LMFA has completed the purchase of $18.23 million of principal, accrued interest and applicable fees (the “Debt”), converted into and sold all 22.73 million shares of the Company’s ordinary shares. With the Company settling another $1.27 million of Debt directly with the senior lender by the issuance of 1.51 million shares on February 17, 2021 which the senior lender subsequently sold, the Company’s defaulted Debts with the senior lender totaling $19.5 million have been eliminated
http://www.globenewswire.com/news-release/2021/02/22/2179531/0/en/Borqs-Technologies-Eliminated-All-Debt-Owed-to-its-Senior-Lender.html
Months, Quarters is the timeframe IMO
just posting at least something every month to keep the Mod status...
I've added a few times. patience in 2021 for me
Good Buying strength on an upgrade only
New Short Interest should be out EOD, or Monday? Last were 11M. Todays volume looking circa 1M. SHORTS aren't covering yet.
over $8.00 next week on the Share Price momo and squeeze candidacy improves considerably.
JPM Gives $17 PT. Shorts getting StucK
Wedbush gives it $49 price target
https://www.smarteranalyst.com/new-blurbs/wedbush-thinks-kala-pharmaceuticals-stock-is-going-to-recover/
Conclusion. Max Downside=50%? Max Upside=1000%?
I know some long term holders who bought in pretty much Pre-IPO who think in their minds this is a ZERO or a 10,000% gainer from here.
I think they are dilusional.
1,000% to 1,500% though.. that is realistic after dilution, $$ raises etc.
***all post-commercial deal success, which is the essential start to any meaningful run that occurs.
*** if I hadn't caught those .10+ sales.. I'd be holding my long here and wouldn't sell. the downside is too small
On Positive Note: Chart Bullish in short term.
OK. thought about it and that last post will easily look like a bash for any Long Term holders.
Here is the positive take. Over the last 8 days the trend has been bullish.
We are trading over the VWAP (Volume Weighted Average Price) (on a 1 Day / 1 Year Chart) the THICK GREEN LINE ON MY CHART .. and it's been holding solid constantly closing above. That is Bullish!
As of close yesterday that is sitting at .068 if we dip more today I'm expecting the real test to be .0666 or so.
There is always the chance it doesn't dip, Holds and stays above VWAP from here forward, running you guys up, up, up. To this effect it is still slightly pushing north.. if the VWAP turns South (down) that is a bearish indicator.
My Favorite Indicator is the HULL. it's represented in RED and BLUE on my chart in a THICK line (same thickness as VWAP) . I have set the HULL to Fibinacci numbers. They occur in nature and have dominated financial trading for over 100 years. It's Blue and that is bullish.
MACD is converging.. if those lines cross that will be the first technical indicator on my charting to say buying has exhausted and that the share price is technically entering a downtrend.
NOW. the negative guy in me (Perhaps because I sold all my shares for the 2nd time this year, think I'm paying capital gains on close to $20K for $NBIO this year on the 2/17 and 4/1 Pops ) Says that the heavy buying we have seen will exhaust and that we will test the VWAP and that the HULL will turn RED.
I am not smarter than the markets, so the negative inclination I have could be total B.S.
If you remember I picked up .055s recently. seems to be support in the .05s. mY concern is all these new chasers who entered will panic on a sell-off and magnify it. who knows, I'm just guessing
Someone on here told me I was full of B.S. but still convinced that heavy buying came from the Twitter guy with 7K followers. once again, just a guess but it was uncanny that in the minute after he posted volume skyrocketed.
Good Luck to LONGS!
Why the Dump? History Repeats itself
Just take a look at history. Every pop is news-related, the one that held the strongest (which was still pretty darn weak) was the Syracuse uplifting PR piece.
realities are that this is going to be long drawn-out story. If one is investing for the Long Haul, count it in quarters and years.
for all that got pulled in from a pump by someone. watch technicals.
The next KEY technical is the VWAP at around... you got it... .0666
If that falls a lot of newly found chasers will get nervous as anything trading under key technical indicators will see that as a downtrend. If that happens then the encouraging volume as of late will turn into a lead weight as they exit
LONGS may get lucky with another newsworthy mention or with a VWAP hold on the Day chart... time will tell. IF no news, then it comes down to how long these newbie investors decide to park their hard-earned money for
One day LONGS will get a bone with a worthy P/R.. right? and one of those tall elongated Green Candles eventually will hold and fill with GREEN rather than turn into another skid mark back down, right?
all just my .02 - I know this company well, have sat down for lunch with principles in previous years. I know the deal here, as a few others on this board seem to.
There is a future, but that isn't to say there's a possible 50%+ haircut before we see a final move up. I don't think all the volume over recent months represents long term investors. will see
RA Capital bought 1.7M shares at $6.74
Story? sounds like Hope. Gains hold on $$ and continue to move on that real money reality and implication of more money down the road.
hopeful PRs will pop and then drop.. what? 95% of the time?
phase 1 studies only proves they are still active and continue to progress.
no data to support the implication that the studies/trials will be successful, could, could not. who knows.
And if they are successful, how much money with they need to progress down the trials and approval path?
How much cash in hand again?
Hey, I hope it runs. But no reason to do so now unless insiders know something the rest of us don't; or if they release some sort of news that implies monetization.
just my .02
I think that if dips now with all these new buyers recently.. that dip will more pronounced as they give up, than we've seen before.
having said this.. it's holding .08 well. good luck guys
Only time will tell this story
See all 523 employees on LinkedIn...
BORQS
Global Leader in IoT Solutions- Smart Devices and Cloud Platform.
Telecommunications Suite 320 Santa Clara, CA 2,077 followers
how can a company with this many employees across three main countries have a $64M market cap?
That is a market valuation roughly $122,370.93 per employee. ;)
The obvious answer is that it's a Chinese SCAM.... but still.
What UP?
Why low valuation & why is this company such a dog as a PLC?
maybe I haven't dug deep enough and just buy the dips and sell the rips over and over in almost a numb rinse repeat cycle.
I've been accumulating again in the $1.30 - $1.45 range. would love to hold for a couple years with the naive belief that one day this will be a $10+ stock.
Any thoughts?
always a good earner but keep wondering in back of my mind....
I've been buying selling for years... seems
Twitter post w/8K followers posted positive note about the company and within 4 minutes it ran up to .11 on high relative volume
He then said.. 'Hold on guys, let it settle'. Don't get too excited too quick..
Here are tweets that initiated the run:
'Hi,USAOTC Bio Stk Nascent Biotech $NBIO SP 0.07 USD O/S 104.6 mil shares, MCap 7 mil USD, see thread below, this is not a stock promotion/recommendation, my view on $NBIO can be v wrong, don't trust my views, DYOR,consult your invt. advisor'
then...
'Hi guys, $NBIO up 45 % in a few minutes of my tweet, just do DD and wait, stock will pullback, we can't control the day traders who create FOMO. So never chase any stocks I discuss, they always pullback in a few hours /days.'
The way I see it... It may have been the trials news, it may have just been the twittter guy. Either way I unloaded all my shares into the Fear Of Missing Out crew..
I don't see any $$ attached to either of the above so once again I got out of 200K shares this time for a 60% overall gain from my avg on this latest, buy the dip, buying spree.
one of these days I'll get out at the beginning of the 'real' run, the monster run towards $1 and miss it :(
Until then I'll chalk up these gains when I can. reload again lower.
I do suspect that we will start stair-stepping up and not see those lower numbers again at some point... maybe .05s are now gone and a thing of the past?
is what it is... but I still think this story is ways off. let's see... maybe it doubles again tomorrow.
good luck to the die-hard Long crew
got another 30K @ .055 accumulation continues. another buy like that and will be up to a full position.
sold all on News with no $$ attached just some randomness about research with a top University.
so was going to take some off but when I was staring at a double above $.125... took it all off. I don't like PR's that don't have a direct reference to making money
3/4 back to full position with some .058 adds today. avg in low .06s
Will keep adding every couple or few weeks on a lowering share price.
I believe in this company
I believe that it's going to be a long story and I don't want to be left flat footed on the day it really runs... towards $1
Probably good sign AJ is dodging you.
historically I give little to zero credence to what IR or management willing to talk to random investors who call in... actually say
They are governed by SEC and can legally can do nothing other than blow hot air and pie in the sky sort of messaging your way. If they were to reveal anything material... they would be in deep doo-doo
It's when they are quiet that I take notice. much more times than not it can mean something is brewing and they are in a quiet period. sometimes it signifies they are or have been tapping the crap out of an ATM facility/machine.. are already on a plane and heading to their retirement destination ;)
just my $.02
time will reveal this one
25 shares traded today =$.0415 LOL... the good news is with the volume being at or near zero these days. i.e. under $1000 per day, everyone is still hanging around
No one is running for the door. All expect the board to do something surprising which will propel the stock higher.
hopefully, they announce favorable developments before they announce a 40:1 or 50:1 reverse stock split.
Until they announce something weeks will pass.
I would not be surprised to see months pass.
will see.
If I can make it to May or even August for that matter... I reach a 30% reduction in taxes point on around 60% of my shares.. I would like that
* this is a lotto play that didn't go to zero. the lottery is still in play, we all have a winning ticket as long as we don't forget about it... put it through the wash, or simply lose it.
JMO
I agree 100% with Kelly. This is $1.00 stock.
The question is if that is a 5x run from the $.20 it's trading at now... or a 10x drop from a let's say reverse split of 50:1 from $.20
LOL. $10.00 - $9.00 = $1.00
If I thought for a second it's the latter I'd be selling here, and I am not with no intention of.
I'm expecting a surprise and excited in anticipation
The Elephant = Electric Vehicles - has anyone have a clue what they could be on about?
I was hoping for Psilocybin, Delta-8, Ketamine, a fold into the Hemptown IPO or some sidestep move that would have made sense to any investor who was being honest with themself.
to their credit the stock price is holding, investors did not run for the door.
I'm sure if we dug far enough into the board, their former associates or perhaps even their brother-in-law or similar we might find the 'hook into electric vehicles. I mean, really.. are we talking Cars, Trucks, Planes, trains, Bikes, golf carts! no clue, we have :)
the reality is that some very smart people are behind this ship and they are in it to win it. They haven't had a chance to monetize their investment so something must be coming.
Speechless, huh. AKA Elephant in Room
here is the 8-K filed with SEC
https://sec.report/Document/0001654954-21-001799/
40:1 Reverse Stock Split
Exactus to become an Electric Vehicle Company
During January and February 2021, the Strategic Alternatives Committee reviewed various business combination proposals and entered into separate negotiations to acquire two companies with existing business and operations in the electric vehicle industry. Ongoing due diligence is continuing with respect to one of the two companies. As previously reported, on January 22, 2021, our Board of Directors authorized a possible reverse split of our common stock at a ratio of between 1 share for every 40 shares held and 1 share for every 50 shares held, to be determined in the further discretion of the Board.
Market CAP still only $13.2M
I am not worried about Larry Wert. to the contrary he gave me the confidence to buy more last Summer and Fall while the SP slowly fell. If you do some due diligence on his background, he is a big company guy. For many many years, he was pulling $3M+ per year running a large, professional organization.
Bobby was a money guy, quick in, quick out.
Two completely different business philosophies in my opinion. Both have their places and value.
I would hope that Larry and Co reveal plans soon. The sooner we get a volume day so that those that want to get out with profits can without affecting the SP, the better.
personally, I'm targeting more than a double from where we sit now. I spent 6 months buying small bits and after holding this long, not really looking for dimes or quarters.
The devil is in the detail and my hope is that EXDI release some details soon.
Excellent Neil, I still like the recommendation I gave you on SEELOS Therapeutics.
Ketamine is very much still under the radar for most US investors. It's a very strong med and Johnson&Johnson's strangle hold on the scripts will come to an end. I'm watching for $2.90-$3.40 and will probably buy back in. I've made 4 round trips on it in the last 2 months for over $20K in profits. big gainer ;)
patient trials are due in April/May.
my only concern with a buy & hold strategy is a secondary raise, even though they just did one... pharmas love to grab money when it's sitting on the table.... ramping up for commercialization is pricey
This will be trading $5-$10 soon enough. either before or after data on patient trials
** for others, sorry to post on here, I can't send Private Messages
FACTS: Someone bought millions of shares on the move from .08 up to .218
the ticker settled for a month or so with uncertain retails flipping small amounts back and forth on a daily basis.
Today there is a buyer back.
This all points to a group who are accumulating IMO.. this all points to something positive.
only time will tell.
Looking at the Chart, I want to see .45 up to .90s
dream a dream, eh we are going to need to see Larry Wert do something special. He is the reason I started accumulating last summer.
He is not an OTC pumper. He is a seriously big business guy.
I invest in People and Events, sometimes in ideas
Changed any sell orders I had to much higher. starting mid .40s up to .90s... gonna go.
let's see what is up?
Sold couple 100K shares of NBIO today. .13s from .06
looking for much larger gains on EXDI and GBLX ;)
I know I told Neil to buy the crap out of SEEL when it was still under $2.00.... hope he listened :)