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Slap the ask and be HAPPEE!!!
Actually, bid sitting will leave you in the dust on sudden bursts of volume.
Yeah frustrating indeed. My instinct is that we get some good revenue/pre-order news to send this jumping pennies at a time, and that would will have me saying, I'm a genius. It still doesn't change the fact I could own more shares right now if I'd of jumped out and back in, per say this afternoon. My gut tells me that once we clear through the $.019s and $.020s we might start jumping big league. Then a quick flip is pointless because you can't predict the support and resistance levels, as we can right now. It's blue skies and volatile at that point.
Gotta admit I'm a little tired of the $.014 to $.018 range because I've refrained from selling this whole time and there were plenty of opportunities to flip it over the last 2 weeks. I truly feel like an idiot and I've not sold any shares, but I'm really starting to feel like an idiot because I could have bought back in cheaper with more cash.
500k Print at $.0169 Ah. Might be a precursor to where it is going EOW!
The stock was up 100% in 1 day not even 24 hours ago. It's obvious people want their profits.
Power Hour Coming!
MMs may be trying to do an afternoon shake here. Level 2 has thinned out.
Big hits! Don't fall for MM tricks! New HOD coming!
Ask getting taken out here, there isn't much left at these levels. This dip is about over IMO, chart showing afternoon reversal here back to new HOD.
Come on break $.02! Afternoon push might do it I'm excited to see what's above! It could start moving really quick. I'm wondering what the price action looks like around $.025 to $.07. It may be $.005 spreads with good bids.
$.02 break coming this afternoon? Silly sellers at these levels should wait to see it start moving $.01 in spreads.
No bones about it, I need $.06 per share out this stock.
Daily ADX making a huge crossover.
Are we going to get some million dollar contract orders announced to send this to the moon or what?
The RSI is a 20 day average performance that measures how the stock performs against similar stocks in its' market. The lag between recent moves and 20 days is that it hasn't been making big moves for 20 days, more like half that. Half the measurement is basically flat, zero, and it isn't responding to recent moves yet. It will take the duration of the most recent 20 days to start reacting, and the problem is, that for the last few days we have closed red after big spikes in volatility, and the previous 10 days are flat. It will have to continue to outperform, and basically outperform 80% of all relative stocks it is bench-marked against in its' relative market for an average of 20 days. The stock must outperform 80% of all stocks for 20 days straight.
At least, that's how I understand it. The good news is that when the big boards are red, we are more likely to go green. From what I understand we have a - 5 Beta, which means that if the market goes red, we will go green 5 times that. Options activity suggests we are expecting the markets to suffer a massive sell off (VIX, Calls, Feb.) for the big boards, at least. When the big boards go red, people come to micro caps and OTC!
Again, technicals are hard to go by in OTC Markets. They're so unreliable, it is hard to give them any credence.
Bet we hear from the company before weeks end. Appears like a lot going on behind the scenes.
So tell me. I check Interactive Brokers for shares on their server for short shares available on Friday, it states 6,900,000. I check that same server for shares available and it states 1,700,000 today. What would cause the drop in inventory available from Friday to Tuesday?
My guess is.. Someone had sold 5,200,000 of their position Friday and they were no longer in the system to borrow..
Or.. Someone took up a position with 5,200,000 to go short.
Now.. It's kind of a sneaky little due diligence I done there, but don't brokerages have to keep a separate balance that isn't their clients shares?
If I actually did or could catch someone shorting a stock by doing such a thing.. What a great little tool that is.
Link here... https://www.interactivebrokers.com/en/index.php?key=bmxc&cntry=usa&tag=United+States&ib_entity=&ln=&asset=&f=4587&conf=am&amref=1
4,000,000 bid showing up that's $50k... That was CSTI..
I have a feeling we hear something from the company within the next 24 hours.
The shorty??!?! ASCM gone off the ask 4,000,000 bid showed up.
My estimate was 5,200,000 missing out IB available list since Friday..
Up 7% gone green is something going on? Anyone?
This level is getting old.
Getting super thin turning up. It is time to see if someone is short 5,000,000+.
Stinks of manipulation. CDEL and ASCM have been doing a number on this. Someone dumped their position this morning and jumped into something else.
Someone is short 5,000,000+ from my inference. I checked IB for shares available to short Friday, and there were 6,900,000. Today, 1,700,000. Someone must have shorted them. If not that, some other reason unseen caused a change in inventory.
Available Shares Short 1,700,000!
So Friday, there were 6,900,000 shares available short! Today, there are 1,700,000. Why the change in inventory? According to those numbers 5,200,000 are no longer available to short. Did someone short them Friday? Do we really have someone shorting 5,000,000+?
https://www.interactivebrokers.com/en/index.php?key=bmxc&cntry=usa&tag=United+States&ib_entity=&ln=&asset=&f=4587&conf=am&amref=1
Expecting pre-order data coming out per their Twitter account. Company states they will be announcing on their web-site the pre order data soon.
Source was provided on E-Trade which is unusual. The link is there, and it just states...
Bemax (OTCPK:BMXC): 1H Revenue of $0.12M (+71.4% Y/Y)
71.4% Year over Year Revenue Increase. That gets eyes from those who can sustain a long term position for 2 or 3 years and capture that exponential growth.
http://seekingalpha.com/news/3235245-bemax-reports-1h-results
Seeking Alpha posted the news of increased revenues. That's a pretty surprising factor considering Seeking Alpha is usually for the big boards. Sounds like perhaps maybe some big players set their sights on it over this weekend.
For this puppy to see its' heights from previous moments in time, people have to pull their sell orders and let it go. If people are in it to flip it over and over, it will constantly struggle to breakout. It's quite simple, the supply and demand, and supply goes up when flippers keep diving in and out of the market for 20 - 30% gains.
Aftermarket trade at $.0149!
We really haven't gone up too much from these levels. It retested $.01 the other day, retested $.014 the other day, and retested $.0125 today. It will likely move up past $.015 area and retest the $.0175 area where we have been only a very very short amount of time. Next week is a new week.
Everyone wants to compare this to OWC*. OWC* took off from $.016 and it was $.07+ days later, if not a couple days. I know this because I had a buy in at $.016 for 50k on the bid and it never looked back. My order didn't fill and that is what I get for bid sitting.
Cover shorty, before they repossess your house!
Available Shares To SHORT!
Interactive Brokers allows for check availability tools, and this is one.
Here it is. There are 6,900,000 shares available to short on Interactive Brokers for BMXC Alone! Someone using Interactive Brokers is very likely and could be shorting some shares.
Click the button see for your own eyes!
https://www.interactivebrokers.com/en/index.php?key=bmxc&cntry=usa&tag=United+States&ib_entity=&ln=&asset=&f=4587
Continuation, next leg going is going to be vicious IMO, bet we test the 50 day right after passing the 40. 50 day is above $.03.. May not happen today, but that is okay too.
Strap on them boots, NITE at $.018s
$.0189 a silly print for 20,000 shares before market open.. I'm still trying to figure out how it began trading 10 to 15 seconds before market open... ? Anyone?
Don't fret ladies and gentlemen. The $.0189s and lower $.018s, upper $.0179s were a lot of small prints to make it look like it is down big. We have purchased/sold very little at those levels compared to this consolidation.
The $.0189 was a print 10 seconds before market open for 20,000. After market open, it began printing lower $.016s and here we are. The $.017s and $.018s still need to be cleared out, but there won't be much there IMO.
About 60 million shares traded yesterday at lower levels, so profit taking wouldn't be a consideration you say? Previous buyers from earlier periods ready to exit taking profit?
The ADX pincher is one of the most profitable patterns. If you look, it looks like a set of tweezers. The green line cross above the red, and it goes. It usually signals very strong moves. Just go by the technicals folks. Glad to see the test on support here at this level. If you aren't in it to win it, you're out already.
ADX Pincher. I wouldn't trip. Getting all those wanting out, out.
Price is crossing above the 40 day moving average at the moment. It's right there at the 40 day according to my chart.