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halts like these are never good regardless of outcome. for one it will open grey sheet and there won't even be quotes on L2. Also many people will just look to sell and move on. some brokers don't even allow traders to hold greys and will force sell them. sucks this happened, I hate SEC pulling bs like this. I got some shares too and will take a hit, only glad did lighten up a bunch .06-.065 before symbol change. no point painting this as some positive. This will hurt. Likely .01-.02 when it opens.
it hit like .11 after suspension. I had tons of buys all over .15 .18 .2 .25 .3 etc. filled 5k .135 lol added some .25 sold .5-.65 then it hit .9s shortly after
thats obviously your decision to make. DILUTION seems to be done for now so can't blame you. Just hilarious some "think" STVA was shorted when there were no shares in the float. Where could they even borrow non-existent STVA shares?
whats this promoters shorted this to $2 fairy tale? STVA float was dry with 0 volume. now what kind of dolt would short a stock(STVA) that had no supply of shares? Its a recipe to get squeezed and destroyed. Imagine a buyin(STVA PRIOR TO DILUTION) with no shares to cover lol
Its beyond obvious what happened here(STVA). MAXM(MM that diluted STVA) is a very well known diluter. Some big financiers use him and tons of companies that have CDs out, S1s, S8s, etc very often have MAXM dump shares(STVA) for them. Why would it be any different here?
I am sure it will, just needs time and some holders to trow in the towel
yeah that 100 share paint job .073 was excellent...
short, intermediate and long term moving averages are all very bearish at the moment. Its not even worth mentioning until stock gets over 10 dma.
Chart Indicators
Ind. short Inter Long
EMA VBe VBe VBe
MACD N Bu VBu
RSI Be
TDD Bu
Fibs VBe VBe Be
Highs N N N
Lows VBe N N
Trends Bu N N
Stoch. VBe
who cares about charting. Everyone is aware where this is trading. I had no problem buying or selling.
This trading at $2 was just work of promo guys. It was fresh stock with whole float locked up. There was no-one to sell and promo guys flipped shares back and forth creating illusion of interest to sucker in buyers. They obviously were getting a bunch of shares to sell and with 0 volume before promo there is no way they could sell anything.
It seems like they done at least for now. If they are done dumping then its kind of like a fresh stock from way lower. Would think someone would want to clean up and push this to sell into momo for round 2. Most of these seem to bounce 500-1000% from lows. But they not going to make this easy and push this up witch bunch of people holding shares. Wait for them to clean this up. It'll go eventually. Doubt it sees .01-.02. At .01 this is worth way less than $1m. A clean shell with no biz is worth that....
totally expected trading action. Everyone bought in anticipation of symbol/name change as if its some kind of catalyst... Money behind this is not going to push this after bunch of people bought in. Need to clean up and shake out these buyers first. Consolidate some then go later.
Sold 200k yesterday .06+. Bought back 50k .052 today but dumped those .057-.058. Will be looking to get back in .045-.05.
nice pop today on symbol/cusip change. Everyone buying today expecting a big run. I suspect not much will happen and this will drift back and consolidate near lows for awhile before big move down the line. Sold about half of mine .06-.064. Will look to add back up .045-.052.
definitely looked like some dilution again today judging by MAXM... Not in death mode but he still selling. When interest dies down he'll go away for awhile after getting hit small shares on ask. After people bid up he comes back whacking. Don't think it takes much to keep stock down at this point, people are worn out getting stuck in losses.
Homies got a recipe for bad cookies or what? lol
Different countries have different rules. US stock market regulation rules don't apply in Canada or other countries.
Most US brokerages clear money same day if you got a margin account with $2,000+ and are allowed 3 day trades within 5 business day period. The 3 day wait or T+2 rule is usually for cash accounts only.
Unfortunately I don't think Canadian brokerages allow US citizens to open accounts mainly due to tax complexity. It would be a nice work around for US citizens that want to day trade but don't have $25,000+ minimum to satisfy pattern day trading rules.
There are options though. suretrader.com which is based out of Bahamas and run by same people that run US based brokerage speedtrader allows day trading with $500+ and gives 6x margin for listed stocks. Some of their trading fees are a little steep. 10,000 share max for $4.95 so trading really cheap stocks not really an option. And some routing fees add up too if you over trade but there are definitely viable options for people with small accounts.
you ready to revisit? Easy double so far. took my gains.
oh man sweet one, congrats! Was too busy with GBTC and EFY. Bitcoin been selling down hard. Would think bounces soon. MGTI GBTC should be good ones. GAHC and BTCS as well.
lol man I tried short a few times but later in the day, just couldn't hold out for last flush sub 100. Then stuck some scary long but came out with small loss. small calls for tomorrow. hoping more red in am but if it bounces will be fine too.
nice. put on watch for tomorrow.
EFX more red today -12%. Still not tempted but sub 100 might start looking at some calls
thats a spooky one. even during the promo not even one 100k volume day. likely better leave alone although probably will tempt us .20 tomorrow
Don't ask for my opinion, look at the balance sheets if you looking for facts. They got 5.5M mostly in property and plant equipment.
Well point is to be gone. With a profit. Not here to get married.
Just funny people beating on a stock after the fact when its down 96% like we don't know why the stock dropped lol good luck
Did I say they had cash on hand? Why do you leave out their 5.5M in assets which are more than double their liabilities?
I don't even know why I am discussing this. Trade is purely from technical aspect and fundamentals are totally irrelevant. We are not here looking for next MSFT of AAPL.
True they got 2.4M in liabilities but they got 5.3M in assets. On going salaries and bills after they killed the project will be close to nothing. They can borrow against their assets or choose to sell them too.
why would there be bankruptcy? Company has no debt.
think where we disagree is you think company must have good fundamentals to be good investment. Pinks/otcs are almost all garbage companies that nothing will ever come of. That doesn't mean you shouldn't trade them since crap companies like BITCF can do .001 to $3 in months. 300,000% lol Does it matter that fundamentals suck? Its just a trading vehicle. Usually the less I know the better I trade. Technicals and price action is all that matters.
Bottom line is 96% down is grossly oversold for any situation. If this gets cleaned up it can easily run to .20 and even way higher. See no problem risking lotto money when good R/R is there.
Stock is down 96% since the news. Stocks in bankruptcy and with news of shares getting canceled/deleted usually don't even drop 96%. One would think bad news already priced in.
Not denying your DD but even stocks in bankruptcy that numerous times PR shares will be wiped out still run .10 to $3 etc. I even seen a stock announce shares getting deleted end of day run .01 to $1 intraday lol This company doesn't even have any debt so its not like some creditor will be forcing them to liquidate to close shop. Reverse merger is just one possibility. Company with no debt can also find ways to raise money. How many pinks are out there with no revenues and millions in debt raising money year after year?
As for shooting craps yes this is a lotto. Don't like high risk stick to blue chips.
Do you have a link for all this toxic dilution? Not seeing any dilution in filings at all. Only dilution I see is late last year and beginning of this year worth $3,444 lol "conversion of $2,000.00 of convertible debentures and accrued interest." "officer converted a portion $1,344.00 of salary due"
yeah this is definitely as bad as the worst of RS offenders on pinks. Averaging down and not taking losses will kill you. But people keep coming back as eventually after one of these 99% drops this can run for 1,000-2,000 gains in a few days.
true. Just pointing out ah its down way more post RS news than it has traded next day after announcement. Probably makes more sense shorting pops and having a stop in place in case it pulls a run out of nowhere like it did before from $3s to $120. Tons of shorts on this, if they decide to let up selling for 2-3 days it can pull a 1,000% move when people least expect it. Its shown it can destroy accounts both ways.
after last split split 6/22 it opened 3.68 after 4.26 close for about 13-14% down. May 11th split opened 29.15 after 33.60 prior day close = down -13% open next day. If pattern holds true afterhour shorts .6 will get squeezed for 20-25% losses tomorrow am.
it would be a whopping 100% gain. If course if you shorted after one of the splits on way up at $5 and let it run against you to 120 you'd missed out on 2,400% run and with 1/20th account committed would be completely broke.
lol yeah still around and kicking. haven't been on ihub much. mostly on nate's chat, info comes around much quicker than msg boards.
GBTC Bitcoin Investment Trust
Common Stock - Each GBTC share represents ownership of approximately 0.1 bitcoin
Bitcoin is at $2,781. So GBTC should be 1/10th that around $278. All the hype driving this and probably some shorts getting squeezed.
weeeeeeeeeeee! Nail it again. You usually smash these. Harbie was giving me heads up yesterday but can't trade canadian unfortunately. Congrats
are you that desperate to sell on ask? Wack em boy!
For OTCs and pinks IB requires $2.50 per share in cash collateral to be able to short cheap pennies. Who in their right mind would spend $14,250,000 to short $9,690 worth of stock? Even if this went to 0 the profit would be way less than 1/10th of 1%. No sane person would be putting up millions to make $100.
I watched the action yesterday and BMIC and VNDM were dumping huge. If you been around long enough you'd know those 2 MMs are not retail and usually sell new shares for companies. Obvious dilution going on here.
I am nearing 20 years trading and seen plenty of stocks go .0001 to .01+. For every one of those there is 100 where I seen investors not take 1000-2000% gains and give everything back. Good luck, I'll be passing loading this one. The pump here seems too much for comfort, stocks that creep up quietly tend to do better.
sure but did MCOA have a ton of notes it was selling when it went up? This looks like a total sucker play. They get to convert shares at discount from lows and they let this pop to .004 to create interest and now dumping away for massive gains.
definitely not with 100M volume just today alone. Especially with most volume in rather tight range .002-.0024. Its obvious a lot of new shares are getting dumped.
well there goes 9.2m dilution print so just in last 15-20 min another 9.2m were added to the float.