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With the economic recovery on its way and the stimulus coming in I don’t know why this doesn’t go over $30 soon. Target price $35 based on historical ave and peak target to $40. They have started green energy projects so if they show more investments in green sector they could be a bigger player in the market. Cyclical trade into summer should also boost price. My two cents since this chat room is quiet.
Anyone can look at the short interest and see that someone has a huge short percentage vs volume. It being a pink sheet it makes sense it’s only the mm that can short this to keep the price down. Why keep the price down unless they want to buy shares. They only do things to make money as should traders so do your own dd. Drnk might become a weed play with there new division and could move with legislation change but it’s all speculative as most penny stocks are.
Bought years ago and ended up a bag holder. Averaged down at .0001, then went no bid for years. Finally sold on this run just to break even. Glad I’m out of it with no money lost but took years of stagnation before it moved. FYI to new bag holders learn from mistakes glhf yolo trading the pinks.
Nice support base camp building at .01 should lead to good week. 1 seller at .012 likely trading for some profit some one break that wall down
Slapped the ask with 150k shares will hold till any news of reverse merger or other information
For those that read junkhusler, note the operating expenses. That is were you get the employees salary. cash on hand is after they pay all there bills, employees, and debt which will go away once paid. I’m not in this for the old company it was I bought in for the new company it’s becoming and the 10q is enough for me to stick it out.
Sent a message through there site to Coates company. Put it this way i sold my shares because there response was horrible. I recommend look up sec vs coates from 90's on mail fraud. Looks similar to what's going on just over the internet. Send an email yourself you will be disappointed and sell your interest. According to them your not an investor you own shares at your own risk expected to be lost. There accredited investors are the one who will always profit from the shareholders interest.
Looks like shorts are trying to cover on some profit. Should be interesting once this big short trader clears. Or gets pushed out depends which happens first.
Shorts didn't want to fill 500k shares at .013 guess I'll pay ask price
Theres a maybe. The company unsecured lenders didnt like the ch 11 plan and have proposed a different plan which is better structured for the unsecured lenders. I think this in combination with other shipping companies is causing a rise in this stock. If the courts decide with the new plan the stock might not be wiped out but instead diluted with the new investors getting percentage stake in the company through shares. This is something that FREE and NEWL did to avoid bankruptcy but then required a reverse split twice to meet minimum requirements .
just waiting for the 1-130 rally to start to climb till end of day. End of day price is all that matters now.
Trends show a 1- 130 rally time for the end of the day gains.Closing price is all that matters not these penny up and downs right now.
There are other ship companies I was in DRYS and in EXMCQ but drys doesnt seem to gain as much on % per flip and exmcq is getting very close to losing all there shares. EXMCQ was a great flip every few days but with a week left before there next bk meeting not worth the risk. I rather get into FREE for now till they delist then re enter on the delist drop.
So I was looking for a stock to get into with my profits from exmcq which moved from .03 to .30, I found this company purely on the charts, volume and momentum, but really dont understand why its moving. Part of me doesnt care as long as it moves up based on the charts and numbers so I can make some $$$.
4 day dow has ended negative and if you look at the dow chart today it looked very similar to exmcq. Are they linked? People trade on emotions but automated computer trading systems dont, we will see tomorrow.
It is weird I also saw that 1 min spike to .399 . There was also a high amount of volume purchased about 250k then it went back to .30, maybe someone was checking if they could move the price with 250k shares bought a little under $100k , or just a computer clitch in the stock system.
There did seem to be a lot of consolidation at the close of the market setting a nice base at .30 to 1 mil shares. The short interest people are getting squeezed and if they sell there shares the price will go up.
Looks good seems they have about a week before they truly make a decision then by oct 18 seems all unsecured accounts will lose out.
Up, up, up - Just last week they attempted to cut the bankruptcy time short motion was denied. The judge ruled that they will still have to continue to set plans in works for there lenders. Same time last week the stock price started to rise heres the link ch 11 information dont get me wrong but they are still in bankruptcy but for now will trade on ocean moves.
I might now be right but im confident in myself enough to buy shares of pxte today. Cause when everyone realizes how great this company is how they make so much money and own land and acquired new business and have not diluted there stocks over and over to raise funds they will find the momentum will come along with pxte. I would like to see an easy double if not triple from current prices. We can always shoot for the moon and hope to break the high of 1.2 wouldnt that be great.They would not offer unit priced notes at .35 execuation price with a 9% interest note if they werent expecting there share price to increase significantly. my two cents for today. If you own share currently one tip dont sell yet theres no reason to with such low float.
i want to be the first to say pxte will be moving by the end of the week into next not a guarentee but imo. I found this company only has a float of 8m due to the notes that were purchased at .30 . So even for the common share holder the .2 of today is discounted. Accumulation over the last 3 months shows about 2-3m shares.
Leaving about 5-6 m shares available to trade. A price of .20 will look good today and tomorrow until next week then it might be too late. With such low float one day of high volume could double even triple the stock. This company owns land and has oil wells which are producing. At the price per barrel this is undervalued and has buy -if marker from americanbulls.com as well.
just my input and wanted to record it for personal proof seeing this company can change very fast. The low float combined with one day of volume is a deadly combination.
Do your own research never follow a trade blindly.