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Thanks for the comic relief! One tick is "running"?
Do you work at VFIN?
Actually no. Nothing is moving this thing with VFIN in the way.
ABSOLUTELY right. The only way to profit in pennies is play the pops; don't get greedy and either take gains when you have them or cut losses before they're too far gone. Good luck everyone.
Not without VFIN moving off the ASK. People are buying into a black hole with that scumbag MM.
Once that wall breaks, if ever, then this may go; but until then, stagnation.
Yeah, as I mentioned yesterday, I had a feeling this would have an initial "pop" out of the gate and then proceed to bleed off. I got lucky on this one and got out at .0488. What a rough one.
I do have a buy in at .019 though.
The shares don't matter. It could be 1 share or 1000 shares. The point is to get the final PPS as high as possible to be the basis for the next day, especially when the spread is wide.
Wow, absolute blood bath.
You're not understanding what I'm saying.
If the BID is at .04 and the ASK is at .05, I'm saying as close to the bell as possible, buy a nominal amount of shares (100 or so) at the ASK so that the ticker will hopefully close at .05, not .04.
So, tomorrow, the basis will be .05 and a 20% uptick will mean .06, whereas a close of .04, with the same 20% uptick will yield .048.
Get my drift? Conversely, a drop of 20% at .05 will yield a PPS of .04 versus a 20% drop at .04 will yield .032.
See?
Better to close this garbage as high as possible for any bounce tomorrow? I'd rather a bounce from .05 as the basis, than .04.
Although this comment is irrelevant now being that the spread is tight and the ASK is currently at .041. If the spread widens drastically, then this method should be utilized.
Better to spend the commissions and have your account close up to the ASK rather than close at the BID. That means tomorrow has that much more work to do to get above. Why not print at the ASK so that is tomorrow's starting point? I'm tapped otherwise I'd do it.
Somebody needs to buy 100 shares at the ASK before the bell to at least print a 25% uptick. The spread is INSANE! I'm tapped otherwise I'd do it.
Yeah, I'm beginning to think that too. No buyers, only sellers and dumpers.
What's your entry point? How much % are you down?
Anything above .10 is likely in trouble and it may be wise to cut bait. That said, a morning pop may be in store, but anything to previous day's highs are history, at least in the immediate short term.
I'm talking about the drop from .06 to sub 5.
This POS probably killed a lot of holders' account. Only a few thousand shares bring this all the way down. Millions took it up and a only a few thousand killed it down.
It's only on paper at the moment. Should hopefully have a bit of a spike over night. Most do, then proceed to drop further.
Had this happen to me just yesterday on CNCG. I was able to get out this morning 35% better than yesterday's close.
Where does this thing end up? I got in .0495 and thought we were golden at the .07 wall, but obviously not.
Hoping for at least a .08 close.
You couple that MM blocking with little (i.e. dried up) volume and this POS is destined to drop. Hell, just look at today's candle. The EOD volume was non-existent. The next day or two will be telling. My guess is that it may jump 10-15% out of the gate (at which point I'll try to cut losses) and then proceed to drop 20-30%.
Quick P&D. Sadly, this didn't have the juice to finish the day strong. I misread this one, don't mind admitting it, and will dump tomorrow at the bell. Hopefully those who stay the course will make it work and are rewarded for your efforts.
GLTA
This jumped on no known news and then bled off.
Just look at MCTC and RVDO; played exactly the same way. And see where they're at now relative to where they were at their highs.
No go. I tried playing the first drop but it never recovered. Gonna take my loss and move on. Good luck everyone.
She's dead. Classic P&D. Only opportunity was out of the gate and at the initial pullback to .0161.
Next.
Come on CastrationX, you've been saying that for WEEKS!
This baby is burning fast. It's the 95% in penny world that lose. You must diversify in pennys. All eggs in one basket will burn ya.
I'm obviously unaware as to your trading history, but thwse scams are a mainstay in penny land. I buy multiple positions in various penny stocks, generally 10-15, with the notion that 1 or maybe 2 pan out. This is obviously one of the ones that will not or hasn't. People are so sure and "feel news is a comin'" that it draws sheeple into the fray to in turn end up as sucker bag holders.
Penny land is a game of numbers ans probability. 10% success rate coupled with 2/3/4/5x returns offsets the losses on the garbage.
That said im close to cutting my losses on this utterly junky company.
Good luck everyone!
Always with the thoughts about this and expectations about that; just call it what it is, a failed gamble. Thats what im doing.
Yeah, as expected this is now bleeding into oblivion. Typical penny...where are the cheerleaders like CastrationX, Florida, et al. now?
Hopes and dreams.
Its a momentum play, when and if there is another PR. Until then just another garbage penny stock.
"To da moon"
"Buy buy buy on thosw dips", right?!?!
Gonna hit $3.00/share, right?!?!
Woot!
Gotta make myself laugh.
"To da moon", right?
Awesome finish today guys and gals!
Woot!
Keep up the momentum...oh wait, we finished flat.
Dang it.
Newbies - This is a gamble, plain and simple. Garbage company, check out their FLOR engine!!
This is only good for a pop.
Dont hold...buy and sell once profits are realized and leave the Kool Aid for the rest.
Whoa, whoa...don't say thar or you will hurt everyone's feelings on this board.
; )
Hopefully this POS turns out but who knows.
True that. This dog couldnt hold to the .0014 let alone the .0015.
All this has is a long shot PR dump.
Then evacuate.
Dang it...that was short lived. Hopefully we get back to a run up, but for now CastrationX it is back to reality.
I think this hits $3.00 by Monday at 10am.
Good stuff a coming round the mountain when she comes. Accumulation and shaken the tree for weak handed nellies.
To da moon she goes!!
Woot!
All hail CastrationX!
If I'm wrong, I will eat crow...no problem.
Whoops. Went the wrong way.
So more "consolidation" right? Priming the pump for the "big run".
Weak hands still getting shook?
The rhetoric and language of the shills is all the same.
Newbies - Be careful...
Old timers - Well....
This needs another paid P&D.
Thats really not good advice. People could get into this thing for a lot cheaper ss it has been daiky ticking down.
If someone for whatever the reason wanted to open a position you can likely get in for trips.
Do believe the hype here...be careful.
If you're holding millions of shares a $15 purchase will print at the higher tick and thus your account will reflect the higher value, assuming an Ask purchase.
If you're holding millions of shares a $15 purchase will print at the higher tick and thus your account will reflect the higher value, assuming an Ask purchase.