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as a grey sheet stock, is this issue shortable? i wouldn't think so. what broker would allow it? and if they could, wouldn't we have seen a spike in the volume? this has not lacked for buyers.
otoh, no matter where a price is or goes, there are always sellers. whether they are weak, strong, undisciplined, principled, or fiscally compelled matters not at all. we all have reasons. that said...
sans news or filings, what would it require to manipulate (or even tank) this down from here? without L2, no one can see if there are big blocks on the ask, or big support on the bid. nor can anyone see who represents what, where and how much? and i don't believe they can issue or convert new shares while grey. the form D is not an issuance. its an offering of notes that 'eventually' lead to issuance. i suppose a couple sellers, each armed with a few 100k, perhaps even totaling more than a million, could bring the pps backwards, but if it only dropped to .20 would that be a big deal? if there hasn't been a lot of loose and readily available shares to feed just this board, there can't be much of a supply presently out there. any pullback (or retracement) is more than likely to be seen as a buying opportunity, and shouldn't that alone stabilize the price?
interesting times here.
btw, has anyone here posted of a trade that was not through ETrade or ATrade?
best of luck to ALL
rich
i'm not accusing anyone of anything. this all makes sense, and i absolutely appreciate your extremely relevant posting. all i'm pointing out is that this, at present, is non-dilutive. there's no on-going conversion from those notes, and that is what i think matters most.
otoh, six months from now could be very interesting.
thanks for posting!!!
ALL the best to you,
rich
offering notes and converting shares are two separate ends and are not simultaneous. as Greensprint noted, this is a capital raising private placement, and i would expect that there may be some very generous terms to the notes, but those shares are not coming in to the market until.....
i find its the 'until' part that is always of most interest. right now i'm riding the waves of this tsunami.
best of trading to ALL
rich
strange as it may seem, it is often harder to hold a winning stock than it is a loser. things are pretty cut and dry with a loser. if its gone bad and you didn't dump early enough, its more than possible that the return will be negligent. and if its hanging near break even, the temptation to await either a breakout or target is clearly palpable. of course, no one buys to lose, and sometimes waiting is simply the best recourse.
on the flip side of that is the winner. if the return is nearly exponential, how can you not sell it? after all, big gains can slip away all too easily, and living with a missed gain after selling too early has none of the hurt in it when compared to a sell that came too late. in that case, the hurtin' is more like a curtain closing on the last act than it is anything else.
the other thing to think about when considering the sell of a winner has to do with playing the percentages. my current holding in SOLI is up more than 60-fold. a run from here to a dollar is just another 4 bagger, and while that is nothing to sneeze at, nearly every penny stock has no less than a double in it, and that's just in terms of trading inside its (current) bollies. with a breakout.... well, i find it hard to believe i don't have another 4 bagger among my holdings. fact is, i think i have several. but i won't know that for sure until it happens (or doesn't) and its because of that uncertainty that i have to take my profit from where i can.
its impossible to last very long in this game when you're only selling losers.
LOGQ added 4k @ .13. brings me up to 5k @ .145. this is thin. its also half asleep, with no one at the wheel. its awaiting a new CEO.
Green... i might have been a little thin skinned, but given the way these boards can be, i wasn't sure how you meant it. most readers will consider the selling part as the pertinent info, but i was using it more to justify the value of this kind of play, and wondering if it can be replicated.
as for the price here, i generally play the charts, but this is a special case. without the controls of the mm's and market forces that usually participate in the playing of this game, this stocks illiquidity, coupled with the obsessive buying pressure, has made it nearly impossible to gauge where this might base. i, too, have been waiting for it to taper off. damn it! i never expected ALL my orders to disappear. thank goodness i have more.
anyways, sorry if i was brusque in return
best of trading to you
rich
btw... i'm absolutely curious as to whether grey sheet stocks are the new du jour for custodial and reverse merger plays. i know an outstanding trader who has been nibbling grey for some such occurrences. being as how he made note of SOLI late last year, i'm inclined to pay attention. but he walks his own path.
best to ALL
rich
and your point? i haven't the funds (or circumstances) to sit idly on the side. and i think its safe to assume every one of my shares went to stronger hands. so again, i ask: 'what's your point?'.
btw, a simple search would have brought you to my board where i made note i sold some. i have nothing to hide, so i'm hoping your not offended, but even if you are, this is a traders game and i'm playing to survive. i don't trade with the herd, and, if anything, my small 10k lots at the prospective asks are a part of the necessary liquidity.
best of trading to ALL
rich
this is the primary issue with thin traders. this one is 'uber' thin, and the illiquidity is pushing this up quickly. ordinarily MMs and manipulating players would consider shorting to keep it from running away, but its incredibly hard (if not nigh and well impossible) for traders to short this, and MMs no longer go deep into naked shorting.
its dog eat dog here. i think orders should be placed at high ends. perhaps nothing less than .25. i don't know how else you jump to the front of the class.
here's hoping you have some luck getting what you want
rich
i think we should all consider the sound byte effect, where everything, words and thought in particular, is abridged. in today's parlance, where 'yo' is a conversation, someone must have shorted out the word greatest -- after all four letters is more than enough for anything, none less a stock -- and SOLI is not mean to be referred to as gray sheet, but rather as 'greatest shit', and its been hiding in plain sight.
does that make any 'cents'? well... maybe not, but to paraphrase the Marx Brothers, we be making 'Dahlas' here and paying into the state of Taxes.
yikes! i must be getting giddy here. of course, could just be the heights and the rarified air.
best of trading to ALL
rich
in this case, grey sheet equals no dilution, no shorting, and no p&d. who'd a thunk it?
Peking Inn
looking, of course, for some Mandarin Chicken. and what do i find:
smokin' SOLI. .20's are just around the corner from the light of day
parsimonious PARS 'leeking' out shares. updated Nevada SOS shows Chiang in control. bid break over .04/.042 could send it.
virtualized VFRM, possibly transforming itself into a trading. support for a higher base, low .60, has been growing. bid breakout is around .75
it might be interesting to know if there are brokers and/or online accounts other than ETrade and Ameritrade trading SOLI.
i use Ameritrade and i've noticed that sometime in Dec they routinely sweep the market orders for the grey sheet stocks their clients own, and this does two things:
1. serves as a tax write-off that many shareholders avail themselves of.
2. fills some of the coffers with shares for their Market Makers to borrow or short against. both ETrade and ATrade have their own clearing houses.
this is just a(n) (un)educated guess, but it seems to me nearly all the trading is being done in-house, and the few matching (or zero sum) trades we've seen are the ones being facilitated between different brokers in the search for shares. hard for me to imagine that an MM would dare to naked short this. but....
best of trading to ALL
rich
i don't think this is MM related. its more likely it has something to do with updating Ameritrade's internal quoting system. i've used the mobile Think and Swim app, both via an IPAD and a droid, and it has always shown the current last price, and the charting shows (if not the trades themselves) the actual range. it has also been updating my portfolio in realtime. i'm not sized like some of you, but its been rather exhilarating to see my ports value go up in 2k pops.
best of trading to ALL
rich
Mid March: following up on the Madness
awesome Feb/March so far.
1. LCTZ 50k @ 004 sold from .05 to .20. sold too much, too early, and too cheap, but average sale was .096. and considering the time constraint for finding funds for bills, i’m satisfied. could have dun’ better, but rode that horse where i wanted. kept 10k as a cash asset.
2. CNHC 170k @ .0015 sold from .05 down to .031. i wad away from following the market for two hours on the day the 8k denial of the rumor comes out, so i exited early, lower than planned. that was an oops! my average sale was .0384, but i should have sold the .06-.07 range in the pre-8k morning and then rebought. i've grabbed 40k @.021 since then and am looking to add on if funds come available.
3. SOLI 40k @ .0003. took some profit and cleared shares for a long hold with small sells from .05 to .10. average sell was .07. i still have 10k at year-to-date (total cost divided by left over holding) @ .075 for use as a cash asset. i'm offering them at .15. much as i’d like to hold some things ad infinitum, i have bills to pay and can’t afford to pass up profits. that said, i've reserved 200k for no less than .20-25 to start with. of course, simply as a matter of finance, i'll be hard pressed not to sell at least 40k @ .25
anyways... all 3 are still in play, with near term forward events expected, mostly filings and could make moves by mid-April
as far as the rest of the current port -- RJDG SOAN DMAN ASKH VFRM CCLX PARS -- are all in the midst of some sort of accumulation/redistribution phases.
my (not exactly etched in stone) 1-3 month targets:
RJDG 700k @ .0075. last year i sold .0089 shares at .0292, but, as has been my wont, i made the mistake of not closing out, and, furthermore, adding on at a point that was too early. and, then, when my need for funds elsewhere closed off the money faucet -- i'd intended to build a position with 1M shares -- i was stuck with this cost. its my punishment for having eaten too often at the trough for too high a price. nonetheless, i should be alright, and i’m waiting for a break out and run to .012-.014 where i will leak 200k of my shares. this, fwiw, is a full year play and my 6 month target is .03.
SOAN 100k @ .0135. that’s a tad high for its recent range, and closer to where it needs to breakout than a bottom. the support at .009 is under pressure, and this could pull back a bit more. its oversold, so maybe.... i flipped this last year .017 to .0485. ?i’m looking for a run back to .03x. time will tell.
DMAN 93k @ .0065. this is in an accumulation area, and i'd be willing to add on around here. i traded this twice two years ago, first from .0059 to .025-.03, and then from .0091 to .038-.042. bought back, again too early, and waited through last year before selling my .013 at .0194. i’m looking to add on here (if funds are available.) target is a breakout over .008 and .014. this could run back to .02.
ASKH 40k @ .005. these are leftover shares and not for trading. its intended as a longer play, with an initial .20-.25 target. am looking to buy a trading position under .02.
VFRM 1.8k @ .55. this recently broke past the year high at .52 and extended the range to .70. on a break, bid over .75 its set to run back to 1.00-1.10. i will be a seller.
CCLX 200k @ .0048 awaiting news of custody hearing. very thin trade that could have big run on break of year high at .01. looking for .02-.04 to start with.
PARS 20k @ .02 this custody play is expected to need a longer hold. its currently in need of an SOS update.
Thin, illiquid and ‘who knows when?
HKEB LOGQ BLYC LWLW MMNT NDVN TGRP MCHN PSSS WOWI INOW VMII ATIN EMBT ZNDX
when i began redoing my leftover portfolio -- years of being forced to sell my winners because of money issues had left me with nothing but losers and write-offs -- i took the path of putting together a small collection of dormant issues and thin shell and reverse merger candidates, and had some luck with those kind of sleepers. though they take a lot of patience, conservative playing often produces returns in the 4 to 8 bagger range, if not far greater than that. of course, we are talking parked money, but i have nonetheless been known for being prone to throwing $200-800 (generally less than $500 on average) at these and then waiting for the arrival of Gidot. his arrival, btw, can be quite fruitful.
case in point: i had EXAI @ .006 on its way to .30, and last year i traded FTEG from .0002 to .005, PCLI from .0002 to .0013, and NHPI .0001 to .0008. at the time of the NHPI sell i desperately needed the money, and then when i had the chance to recoup the shares, i flat out missed it. but, as long as you survive, there's always another play in this game, and i recently sold LCTZ, bought at 004, and CNHC, held from .0015.
of course, the problem is that pesky ‘when?’ business. trading thin or dormant is nothing if not about ‘when’. i waited for years for the aforementioned, and now, this being an influx/outflux collective, after a year and a half of transmogrification, i'm holding a new hand, and, i suspect, should i choose to stay long with them, it will take no less than 2-3 years for this latest consortium to completely play itself out.
currently on ‘slo’ watch:
WOWI 20k @ .01. a 15-12g filer with some recent trading around .019x. 6M O/S. but ‘when?’ on bid break .025 i ponder a sell.
LOGQ 1k @ .20 3M O/S SEC filer recently traded around .45-.65. its prolly too late for adding on at or below my entry, so i’m simply looking for a sell that begins at no less than .75.
NDVN 300 @ .88... oops! bought too high, but its a small holding. not sure what i’m doing here, but i see volume coming in on a bottom bounce. or is that a button bounce, and it will all close in soon enough? hmmm..
this may be a little off topic, regardless of the offer for posting here, but a thought is a thought until it becomes an obsession, and believe you, me, i have been possessed by more than a few obsessions. its usually something that happens when i ponder the greater single voice that is the universe. but this is fodder for a different meal. on the menu today is an appetizer, or more aptly defined, it is the app 'tizer'. and the 'tizer' is a virtual reality concept of a softer tazer. got that? are you following this?
well, never mind all that. the important thing to note is that i've come here to ponder the travails of the word 'nice'. and as always, my first thought, hopefully not my last, is of a town in France. big, popular, and hey! you said to be nice, but obviously you didn't say go to Nice. or at least i didn't read it that way, and this led me to the etymology of the word itself.
the word nice was Latin born as 'nescius'. it had an olive like complexion, a passion for love making, liked to mid day siesta, and ate a late dinner. it also meant ignorant, and unaware of the facts. i suppose it had something to do with those naps. the universe has no bed time. least i hope not.
eventually, as people often do, the word migrated to France and was rewritten as 'niche'. pronounced something like niece. and then it swam the channel, and the English wrote it as 'nys', and the y was spoken as a long i. eventually an editor -- i need one. d'ya know anybody? -- cleaned it up to get to the current edition, nice. but...
ah, there's always a but. or is that butt? because now, the word not only implied ignorance, but also silly and foolish. and that's how it stood until the 18th century.
okay, your probably wondering what this has to do with anything market related. but there's a point here. in the 18th century, the town of Nice --remember that place? was permanently ceded by Sardinia, Italy was not yet formed, to France as a reward for their assistance in the Second Italian War of Independence against Austria. and herein lies the problem. it all has to do with marketing. would you, as a tourist, want to visit a town that implied a foolish, silly ignorance? of course not. so a marketing firm was hired, one recommended by the Pope, after all, the Vatican was one of the great ad marketing concepts ever, and then a slew or wordsmiths were brought in and viola!
i bring you the word 'nice" -- of a person: friendly, attractive.
and that my friend, is how the universe -- the one word -- works. everything comes back to the market. so, would ya' buy in on this?
good trading, and best of health to you, there is no wealth greater
rich
CDIX
say what?????????? and here i thought i had a loser to offset some of my recent gains. impressive chart day. past .0005 this should (or could) run to the 100ma at .0008.
who'd a thunk it?
https://www.barchart.com/stocks/quotes/CDIX/technical-chart?plot=CANDLE&volume=total&data=DO&density=L&pricesOn=1&asPctChange=0&logscale=0&indicators=SMA%285%29;SMA%2810%29;SMA%2820%29;SMA%2850%29;SMA%28100%29;SMA%28200%29;BBANDS%2820,2%29;PTP%2850%29;BOLLW%2820,2%29;RSI%2814,100%29;RSI%286,100%29;SMACD%2812,26,9%29;PPO%2812,26,9%29;ADX%2814%29;WILLR%2814,40%29;STOSL%2814,3%29;STOFA%2814,3%29;SRSI%2814,20%29;CCI%2820,100%29;ACCUM;CHKOSC;OBV;CHKMF%2820%29;MFI%2814,100%29&sym=CDIX&grid=1&height=500&studyheight=100
CNHC
might have put in a bottom here. if i had loose funds i might be considering adding on. then again....
https://www.barchart.com/stocks/quotes/CNHC/technical-chart?plot=CANDLE&volume=total&data=DO&density=L&pricesOn=1&asPctChange=0&logscale=0&indicators=SMA%285%29;SMA%2810%29;SMA%2820%29;SMA%2850%29;SMA%28100%29;SMA%28200%29;BBANDS%2820,2%29;PTP%2850%29;BOLLW%2820,2%29;RSI%2814,100%29;RSI%286,100%29;SMACD%2812,26,9%29;PPO%2812,26,9%29;ADX%2814%29;WILLR%2814,40%29;STOSL%2814,3%29;STOFA%2814,3%29;SRSI%2814,20%29;CCI%2820,100%29;ACCUM;CHKOSC;OBV;CHKMF%2820%29;MFI%2814,100%29&sym=CNHC&grid=1&height=500&studyheight=100
SOAN
added today. looks, feels and has a chart that reads as oversold. appears to have found a relative bottom. could (or should) be turning soon.
https://www.barchart.com/stocks/quotes/SOAN/technical-chart?plot=CANDLE&volume=total&data=DO&density=L&pricesOn=1&asPctChange=0&logscale=0&indicators=SMA%285%29;SMA%2810%29;SMA%2820%29;SMA%2850%29;SMA%28100%29;SMA%28200%29;BBANDS%2820,2%29;PTP%2850%29;BOLLW%2820,2%29;RSI%2814,100%29;RSI%286,100%29;SMACD%2812,26,9%29;PPO%2812,26,9%29;ADX%2814%29;WILLR%2814,40%29;STOSL%2814,3%29;STOFA%2814,3%29;SRSI%2814,20%29;CCI%2820,100%29;ACCUM;CHKOSC;OBV;CHKMF%2820%29;MFI%2814,100%29&sym=SOAN&grid=1&height=500&studyheight=100
this is a link to the 3 month daily chart. though its fun to look at the upward trajectory of this run, this obviously isn't a chart play. that said, seems to me that the indicators here tell a story.
what i believe we've been seeing is a redistribution, where old shares are coming loose. while those of us who post on this board are 'buy and buy' bottom fishing accumulators, it is folly to think we are the norm and not the aberration. though ultimately we are all speculators, there are many stuckholders (in every stock) who sell whenever the opportunity exists. keep in mind, there's only one reason to buy and that is to profit, but, where no one can be forced to buy, contrast that with those sellers who are often compelled into dumping so as to pay taxes or bills, or to pay for essentials, or health care, or whatever. and its not necessarily because they ventured more they could afford. circumstances may have changed, maybe radically. or maybe they just lost faith. whatever the case, there are ALWAYS sellers. so...
getting back to the chart, a look at the accumulation indicators -- the a/d and chiosc in particular -- shows them to have a negative bias. that infers that retailers have been selling. the cmf, too, has also been negative, and that implies a lack of pressure on the ask. otoh, the sto's and williams reflect the buying; and the mfi points toward money coming in to the stock, as versus going out of it. iow, those loose shares are being grabbed whenever available.
so...what does it all mean? well, nothing! at least not yet. its merely the historical evidence for what has happened, and, to tell ya' the truth, from where i sit, this all looks like a lot of fun.
best of trading to all
rich
https://www.barchart.com/stocks/quotes/SOLI/technical-chart?plot=CANDLE&volume=total&data=DO&density=ML&pricesOn=1&asPctChange=0&logscale=0&indicators=SMA%285%29;SMA%2810%29;SMA%2820%29;SMA%2850%29;SMA%28100%29;SMA%28200%29;BBANDS%2820,2%29;PTP%2850%29;BOLLW%2820,2%29;RSI%2814,100%29;RSI%286,100%29;SMACD%2812,26,9%29;PPO%2812,26,9%29;ADX%2814%29;WILLR%2814,40%29;STOSL%2814,3%29;STOFA%2814,3%29;SRSI%2814,20%29;CCI%2820,100%29;ACCUM;CHKOSC;OBV;CHKMF%2820%29;MFI%2814,100%29&sym=SOLI&grid=1&height=500&studyheight=100
link to VFRM daily and weekly chart
on a bid break of .55 this should test last years high of .75. the two charts below show a stock being accumulated. looks to be ready.
on the daily, the moving averages are in alignment, fastest to slowest, which bodes well for a continued uptrend, and, on the weekly, there's a bullish candle with a chart that calls for a test of the resistance at the top of the bollies. the daily rsi's are a tad high, and williams and sto's are both approaching oversold, so this could have a breakout and then a pullback to consolidate...
that said, somethin' is a' coming.
https://www.barchart.com/stocks/quotes/VFRM/technical-chart?plot=CANDLE&volume=total&data=DO&density=ML&pricesOn=1&asPctChange=0&logscale=0&indicators=SMA%285%29;SMA%2810%29;SMA%2820%29;SMA%2850%29;SMA%28100%29;SMA%28200%29;BBANDS%2820,2%29;PTP%2850%29;BOLLW%2820,2%29;RSI%2814,100%29;RSI%286,100%29;SMACD%2812,26,9%29;PPO%2812,26,9%29;ADX%2814%29;WILLR%2814,40%29;STOSL%2814,3%29;STOFA%2814,3%29;SRSI%2814,20%29;CCI%2820,100%29;ACCUM;CHKOSC;OBV;CHKMF%2820%29;MFI%2814,100%29&sym=VFRM&grid=1&height=500&studyheight=100
https://www.barchart.com/stocks/quotes/VFRM/technical-chart?plot=CANDLE&volume=total&data=WO&density=L&pricesOn=1&asPctChange=0&logscale=0&indicators=SMA%285%29;SMA%2810%29;SMA%2820%29;SMA%2850%29;SMA%28100%29;SMA%28200%29;BBANDS%2820,2%29;PTP%2850%29;BOLLW%2820,2%29;RSI%2814,100%29;RSI%286,100%29;SMACD%2812,26,9%29;PPO%2812,26,9%29;ADX%2814%29;WILLR%2814,40%29;STOSL%2814,3%29;STOFA%2814,3%29;SRSI%2814,20%29;CCI%2820,100%29;ACCUM;CHKOSC;OBV;CHKMF%2820%29;MFI%2814,100%29&sym=VFRM&grid=1&height=500&studyheight=100
March Madness
port watch: custodial, RM, repeat plays
$10k budget DEVM CNHC SOLI CCLX PARS RJDG DMAN SOAN ASKH
am just about all in, only 400 smackers left to play with. currently watching SOAN and ASKH for add ons.
quick notes:
PARS custody awarded to the Chiang gang. could break year high of .04. in the near future.
CCLX looks to be under accumulation. custodial hearing on 3/19
rent
am holding SOLI and ASKH as long plays. there's a distinct possibility that their current prices will double next week.
** also watching VFRM for breakout -- bid over .55 -- to close 'drawer' position. its been under promotion. could hit 1.00 **
hmmm... and what have we here? why, confirmation!! an O/S of 127k. can you say thin?
best of trading to ALL
rich
last i looked i thought this was a gamblers game, and nearly everything about these plays is purely speculative, but... maybe i missed reading the fine print. ya' know, with the line offering the guarantee, warranty included.
**sheesh**
i'm as impatient as anyone else, and even i know waiting it out is often the only winning route. i just had a 50-bagger in one stock, and a 20-bagger in another and all i had to was hold em' for five years.
::sigh::
before i close out this post, let me point out one thing: no one forced anyone holding shares to buy this. whether you buy, sell or hold, ya' all are responsible for your own actions.
puff, my man, you are no snake in the grass. fact is, you might be the magic dragon. all we need is a little prestidigitation. anyways, 'preciate your time. or is that thyme? hmmm.... can ya' smell what the rock is cooking?
best to ALL
rich
a pump and dump without newsletters and popping twitter feeds? i don't think so. just because a stock doesn't put out news, doesn't mean its not being watched. and volume begats volume. iow, there is nothing necessarily insidious about a breakout. that is, unless you think someone was dumping UPward.
and, fwiw, i can't speak for what others have heard, but i've begun logging in to a chatroom with some pretty savvy traders, and they were talking about DMAN late last week. like me, they're chart readers and what they saw was a confirmed bottom buy for a stock teetering on a breakout.
below is a link to the 2 month daily. if you study it carefully you'll be able to take note that the moving averages were beginning to line up, fastest to slowest, and that the CCI and StochRSI showed that a positive cycle had already developed and an entry signal was in place. yesterday the 20ma crossed over the 50ma -- this is an early golden crossing, and often presages a potentially strong upmove in the ultra near future -- and voila! today we had a breakout on the chart!!
while a chart cannot guarantee the future, it can offer the kind of hints and probabilities that can make or break a trade. learning how to read charts is a skill-set worth having in your traders toolbox.
good luck to ALL
rich
https://www.barchart.com/stocks/quotes/DMAN/technical-chart?plot=CANDLE&volume=total&data=DO&density=L&pricesOn=1&asPctChange=0&logscale=0&indicators=SMA%285%29;SMA%2810%29;SMA%2820%29;SMA%2850%29;SMA%28100%29;SMA%28200%29;BBANDS%2820,2%29;PTP%2850%29;BOLLW%2820,2%29;RSI%2814,100%29;RSI%286,100%29;SMACD%2812,26,9%29;PPO%2812,26,9%29;ADX%2814%29;WILLR%2814,40%29;STOSL%2814,3%29;STOFA%2814,3%29;SRSI%2814,20%29;CCI%2820,100%29;ACCUM;CHKOSC;OBV;CHKMF%2820%29;MFI%2814,100%29&sym=DMAN&grid=1&height=500&studyheight=100
5ma on the chart is at .0146. and on yesterdays run from .016 it ran over .02 and never came back to fill the bottom range. adding or entering in this area should be a no-brainer.
btw, just an opinion, no knowledge of, seems ASCM is running cover for another MM. i'm pondering if they're cleaning old shares.
best to ya
rich
pullbacks are often healthy opportunities, but, hey... we be preaching choir.
best to All
rich
it might also have something to do with the size of your bid. i could be mistaken, but it has been my understanding that grey sheet trades are usually matching trades.
i added 100k this morning through Ameritrade.
best of trading to ya'
rich
pardon my french, but i parked my shares here a while back, when it was at .004. i know how to read a story.
best of trading to you
rich
pump and dump? really? based on what? the price spike? my goodness. call me curious, but where are all the newsletters? and why weren't the twitter feeds swamped with the news? oh, wait. it must be the Hub. yeah... this is the only place where traders come, and there are so many unsavvy traders, always falling for a suckers story. funny thing, though... didn't even trade half the float. and why not? oh.. got it. its a failed pump. of course, there's always tomorrow. right?
::sigh::
for every buy there is a sell, and for every sell there is a buy. and many shares are traded more than once in the same day. when one looks at a trading log, all one sees is which side the trade was initiated at. believe it or not, trades at the ask are sells, and bid trades are buys. when there are no sellers at the ask, the price goes up. and the same paradigm holds true on the other side. when there are no buyers at the bid, the price drops. market makers have to work to create order and liquidity. today's ask buying was fully supported on the bid. ergo, there were more buyers than sellers, and it is reflected in both the price and the volume, where it only needed 6M shares to produce a run that began yesterday when the stock opened at .0075. this is very obviously a thin trader.
i don't presume anyone knows more or less than me, but when i first started trading, a sage veteran of this game told me the most important thing to look for was a story in conjunction with the money. if there's no story, there's no money. and if there's no money, there's either no story, or one that wasn't good enough. the story here is just unfolding. can't speak for anyone else, but this looks like the beginning, not the end.
best of trading to all, and my congrats to those who read the writing on the wall.
rich
not enough volume in the current trades for flipping, weeding, etc. been no more big trades. looks more like someone(s) trying to set and test the chart.
area around .0067 is setting up as support.
best to ALL
rich
the daily chart has a breakout on it. today RJDG broke past the last dampening line, the 200MA which was sitting at .0067, thus turning the resistance into support. that is not to say it will hold, but.... i like the odds. don't you?
https://www.barchart.com/stocks/quotes/RJDG/technical-chart?plot=CANDLE&volume=total&data=DO&density=L&pricesOn=1&asPctChange=0&logscale=0&indicators=SMA%285%29;SMA%2810%29;SMA%2820%29;SMA%2850%29;SMA%28100%29;SMA%28200%29;BBANDS%2820,2%29;PTP%2850%29;BOLLW%2820,2%29;RSI%2814,100%29;RSI%286,100%29;SMACD%2812,26,9%29;PPO%2812,26,9%29;ADX%2814%29;WILLR%2814,40%29;STOSL%2814,3%29;STOFA%2814,3%29;SRSI%2814,20%29;CCI%2820,100%29;ACCUM;CHKOSC;OBV;CHKMF%2820%29;MFI%2814,100%29&sym=RJDG&grid=1&height=500&studyheight=100
going to the weekly, resistance is at the 50 and 200 day moving averages, both currently around .008. from there this goes to 'coppa'. news should send this to the historical .012-.014 area.
https://www.barchart.com/stocks/quotes/RJDG/technical-chart?plot=CANDLE&volume=total&data=WO&density=L&pricesOn=1&asPctChange=0&logscale=0&indicators=SMA%285%29;SMA%2810%29;SMA%2820%29;SMA%2850%29;SMA%28100%29;SMA%28200%29;BBANDS%2820,2%29;PTP%2850%29;BOLLW%2820,2%29;RSI%2814,100%29;RSI%286,100%29;SMACD%2812,26,9%29;PPO%2812,26,9%29;ADX%2814%29;WILLR%2814,40%29;STOSL%2814,3%29;STOFA%2814,3%29;SRSI%2814,20%29;CCI%2820,100%29;ACCUM;CHKOSC;OBV;CHKMF%2820%29;MFI%2814,100%29&sym=RJDG&grid=1&height=500&studyheight=100
best of trading to ALL
rich
Bro, there are probably three reasons why posters like you and i are not favored by the Hub.
1. we're not volume posters
2. we don't have big followings
3. our posts can not be condensed into sound bytes
iow, we are anathema to the Hubs model
this is by design. there's a negative IQ test for lunacy that the majority had to take to join the Hub. those who pass are then run through a compressor distilling all thought until they can no longer muster a sentence that doesn't qualify as a sound-byte. they, then, become the norm, and we the aberration. all part of the dumbing down of the current universe.
snark aside, i doubt the hub has the proper tools to selectively filter comments. you don't see anywhere near as many 'deleted' posts on the personal boards as you do on the stock specific ones, and i would surmise that the reason for this is that these disappearing posts are generally in response to the complaint of a poster/reader, who may or may not be a mod. that does not mean there aren't posters who have been unnecessarily flagged, but i have seen so many 'in flagrante delicto' postings that didn't get removed that i think this isn't a bug, its a feature.
but hey! what do i know?
these are Orwellian times my friend. neither cogent thought nor criticism is to be tolerated. we are all peacefully at war, where there is strength in ignorance, and freedom is just another word for slavery. it is the 'whey' of the world. all curdled milk, genetically modified, of course.
hey! did you know its a TOS to 'pan' the admins? or that 'snark' crosses the line. i once had the temerity to reflect upon the statements of a poster and asked her if she was on that board for a reason other than 'folly' posting. whoops! didn't mean to be so harsh.
and a portion of a message posted in all caps can also be deemed mean spirited. i once asked someone who kept posting mythical fibonacci retracements if he 'knew what he was talking about' in all caps. i then did a small dissertation on how fibs were derived and how they were used in trading, and then discussed the current state of them in that particular stock. not only did the poster i asked thank me for my post, he also told me he printed it out for future reference. but, of course, my post was first ruled off-topic, and then TOS'ed for its angry tone. oh yes! i was told it could not be reviewed. and further warned to tone down my verbiage.
pump! dump! good words. ostentatious? sorry, that kind of inference is clearly below the belt.
here's a read from me on the very matter. i wonder if this post (and that one) will stand.
kudos on your SEDO
rich
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144438882
there is only one reason to buy, and that's to make money. otoh, there a gazillion reasons to sell, including taking losses for whatever reasons -- taxes, bills, buying something else, yada yada yada.
then, too, in this computerized era of fast chips, high frequency trading and the use of algorithms has become the norm. we who post here are trying to swim upstream. that's why patience often pays dividends when successfully played.
i can't and won't speak for anyone else, but unless you're a daytrader, a style that has become harder than ever to ply without a hefty bankroll to rely on, it doesn't make a lot of 'cents' to me to bemoan the minutiae of the daily trading. this will either have its 'daze' in the sun, or it won't. its as simple as that.
of course, what do i know?
best of trading to ALL
rich
i think its called a 'covered' short. i knew a financier who played this game. whenever he did a financing he always used a short position to bring down or control the price of his conversions. he covered on delivery.
best of trading to ALL
rich
maybe you haven't noticed but this is an SEC reporting stock, and that is as much 'respect' as anyone can expect from a pennystock. they can lie to you but they can't lie to the SEC. if you go a few times around the block with some of the IR's in this game, you might find your skeptic meter meandering off the Richter scale.
in any case, this is a gamblers game. do you expect the dealer at blackjack to give you a heads up on the next card? i wouldn't think so. but hey! have at it.
btw, the response you got from WyomingJack is a wll nuanced, fair and balanced rendering of an opinion from a new poster who seems to be at ease with who he is. i gave him his first membermark. you, otoh, should put me on ignore.
best of trading to you,
rich
you think FunnyG is pumping? now that's 'funny'. 48 posts in more than 14 months, and i think i noticed that outside of his own board he had one post regarding this stock on two other boards, well... WOW! that's what i'd call efficient.
::sigh::
look, i don't mean to bust your chops, but there isn't a single stock related board where the holders don't wax poetic on the value of having shares, and, in this case, your use of the word pump is not only disingenuous, it belittles the merits of posting one's opinion. that you are unsatisfied here is certainly your right, and if you want to seek consensus in how or what others have done in regards to keeping abreast, that, too, is your right. but hey! this is all on you. the only opinion that will ever matter in this game is your own. as the song goes, respect yourself!
If you disrespect anybody
That you run in to
How in the world do you think
Anybody's s'posed to respect you
as for ETAH, some of these plays can take a long time before they work out, but you'd have to go back nearly two full years to find the last time this was as high as it is presently. if you're in the red, as i believe you stated previously, its either because you didn't or weren't able to avail yourself of the long opportunity to average down, or you chose not to sell. for whatever my opinion is worth, not much mind you, knowing when and how to take a loss is one of the hardest, yet most important facets of trading.
btw, i apologize if you think this post is condescending. feel free to ignore me.
best of luck trading to you,
rich