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It is a good thing you sold $BNGO for $FCEL!
Sold $BNGO for $FCEL
I doubt that a .01 tick movement qualifies as a run, I would say it's more of a limp right now. I do not expect anything at this point but some consolidation until we hear a rumor of news... of some sort. THEN we may see some action until the day traders start flipping or the MM's step in again.
For what it's worth, this could be a good time to collect some shares and average down for those that bought in way to early because of the hype. At this point I don't think there is a need to panic, with low volume I expected the drop as there are shares available for the shorts to borrow, MM's always like to play their games and I am not sure if we WILL soo the gap in the .60's close but there are some deep pockets involved here. For those interested some of the shareholders and mutual funds holding BNGO are
Domain Associates, L.L.C.
Federated Global Investment Management Corp/DE
Wei-Wu He
Innovatus Capital Partners, LLC
Millennium Management LLC
Monashee Investment Management LLC
Sio Capital Management, LLC
Wealth Strategy Holding Ltd
Worth Venture Partners, LLC
1290 VT Micro Cap Portfolio
Federated Kaufmann Fund
Federated Kaufmann Fund II
Invesco Wilshire Micro-Cap ETF
Vanguard Extended Market Index Fund
iShares Micro-Cap ETF
(edit)
but it looks like SpotOnTrade beat me to this list LOL
Resistance would appear to be .91 and support at THIS point looks to be around .87 since we bounced of it twice. Without the interference of the MM's and day traders resistance was broken a few of times after hours and we hit .92 on low volume but it was not able to maintain. Charts clearly show we are consolidating in the .90's-1.00 range with minor fluctuations that are more than likely due to day traders flipping. IMO, unless we can maintain and start increasing the PPS by hitting the ask and not bid sitting just to save a fraction of a cent, the scalping will continue and shorters will just keep borrowing. Even with an estimated short volume of just 200K on a 5M float that descent pocket change. Granted, shorting at this point is risky but this is a risky profession and I believe there is still room to drop on low volume. Once volume hits again we climb like mad but so will the flipping activity unless people hold and available shares dry up. Then again I could be completely wrong as these are just my thoughts derived from recent trading activities.
Clearly we have vastly different definitions as to what a breakout should be. Less than 100K shares traded after hours and we only went up .008.
A breakout is a stock price moving outside a defined support or resistance level with increased volume.
I believe he is referring to the 15th. On the 15th .61 was the high and close was .55 then we had the gap up on the 16th. We have only closed the gap down to .82 on the 21st.
Mid .90's support was broken so if volume does not pickup I think MM's will walk it down closer to EOD...maybe even trigger some stops.
MM's have been cross trading #BNGO all day, so they are probably shorting #BNGO on their personal accounts and walked it down to cover so they don't get killed. 68M shares traded on a company that only has 5.5M shares to trade. I don't believe there are that many ways that can happen.
MM's did a GREAT job walking BNGO down $2.00 within 90 min EOD by cross trading. There is very little movement after hours so Monday should be an interesting day.
That would explain a vol of 24.5M when the float only looks to be 5.3M. #BNGO for the WIN!
I usually do not make posts and just read them for the comic relief but I am not really concerned because the price action is being controlled by the MM's. They seem to want to keep it between .05 and .055 for the most part. No one can really out trade the MM's unless people just start hitting the ask and drive the PPS up and I have seem them throw up a wall or 2 a few times and even hop over other orders just to keep a solid grip here. So for now the MM's are just trading shares back and forth to keep some volume going while making a few bucks on the spread. It looks like some inside trades have been going on but for the most part it's a waiting game. There is not even enough vold right now to do much scalping. This is JMO based on observations tho. Fortune favors the prepared! GLA
LMAO
I wouldn't call one sale by one person a disaster
WOW! I see .0002's have been selling nicely, if Talari does not release more news soon about another one of his companies merging with IFXY the PPS will be back down to .0001. On the bright side, for the poor souls that did not heed the warnings and were left holding the bag, there will be plenty of .0001's available to average down. Talari will release more news relatively soon in an attempt to lure buyers to fleece. After all, he has bills to pay. It is truly a shame what we do to our fellow man all in the name of greed.
Interesting
Making assumptions on who the companies in the PR were then being wrong
Saint Petersburg, FL, Nov. 20, 2017 (GLOBE NEWSWIRE) -- Infrax Systems (OTC:IFXY), a global provider of Internet of Things, Blockchain development and ICO consulting, announces today that on November 7, 2017, Infrax implemented a holding company reorganization pursuant to the Agreement and Plan of Merger (the “Merger Agreement”), dated as of November 1, 2017, among Infrax, Crypto and Crypto SUB Inc., a Nevada corporation (“Merger Sub”), which resulted in Crypto owning all of the outstanding capital stock of Infrax.
There are many reasons to sell into the bid, to limit loss and for profit just to name a couple. Is it foolish to limit ones loss? Is it foolish to make profit? I would think those would be 2 fundamental rules for trading. Go figure.
What I said was
the PR that was paid for and released by $IFXY is not entirely truthful
Insider knowledge? LMAO! It is called doing your own DD. Contact The Crypto Company investor relations team and verify. They would LEGALLY be able to verify the info that was in that PR. Read some filings, look up corp records, in the age of information there is very little one cannot discover if one knows where to look.
Because the PR that was paid for and released by $IFXY is not entirely truthful.
Infrax Systems (OTC:IFXY), a global provider of Internet of Things, Blockchain development and ICO consulting, announces today that on November 7, 2017, Infrax implemented a holding company reorganization pursuant to the Agreement and Plan of Merger (the “Merger Agreement”), dated as of November 1, 2017, among Infrax, Crypto and Crypto SUB Inc., a Nevada corporation (“Merger Sub”), which resulted in Crypto owning all of the outstanding capital stock of Infrax.
.0002's are on bid now, I wonder how long before those that are seeing deep red will sell into the bid to cut their losses? It really sucks to see fellow traders take losses like this! All because the were suckered into buying into this scan based on a FAKE PR that $IFXY release themselves. Historical suggest this may sell down to .0002's before it bounces again. MAYBE even .001 as the MM's need to reload before the next PR. Sam Talari has finally filed and Cryptocurrency Corp is now active as of yesterday (11-27-2017) so I expect a PR later this week or early next week. I gotta hand it to Sam Talari though, since there isn't a company gullible enough to merge into this scam...he creates a company that will!
Pure SMOKE & MIRRORS!
LMAO, WOW, there may be more bag holders and in much deeper than I thought. 4/5 of the volume here today was dumped into the .0005 bid and there is still a fight to maintain the illusion of a respectability. My sympathies go out to all who are in to deep. Imagine that, pity has been earned from one who no one listens too. WOW! A new low? On the bright side more can sell into the bid next week and the losses can be claimed in 2018. In all honesty though, I hope those that were caught in the scam can break even. Been there done that, I think we all have.
That is truly GREAT news! $RMRK prefers to release legitimate PR's and filings over the FAKE PR's that some companies like IFXY prefers to release so they TRY to link with a legitimate company. Obviously they are not able to legitimate company on their own.
WOW! Almost 40M sell volume and just under 10M in buy volume, now there is the markets sentiment on that FAKE PR released by $IFXY just to TRY and link themselves to a legitimate company. EPIC FAIL! Saed Talari better get on the ball, the hold on his reserved name Cryptocurrency expires next week and if someone else reserves it for $25 there will not be a merger. Maybe there will be another FAKE PR in December? Good luck people! I really hope you can break even after he dumped all these shares on you.
What? .001 by next week???? MILLIONS are being dumped TODAY! I see 2 NICE orders of 10M and 12.5M that dumped into the .0005 bid and counting the other nice sized order of 2M that ALSO dumped into the .0005 bid that totals to half the volume for today in just 3 orders. That is not counting the reset of the sell volume! So I can see that FAKE PR is not holding up to a little scrutiny. This ticker will be lucky if it will hold .0005 next week without another FAKE PR. I just hope those that were suckered into buying this ticker based on a FAKE PR can break even.
I am not trying to save you. I am all for making money off a quick flip or 2, as a matter of fact, that's the only way to play a scam like this that releases FAKE PR's. I just don't want people to get caught holding shares that were dumped on them due to a FAKE PR that was release trying to link them to a legitimate company. GLTY!
The meek shall inherit...
Be careful! That FAKE PR that $IFXY release in a poor attempt to link $IFXY to a legitimate company did not move the PPS but a couple ticks and is already wearing off. I sincerely hope those who bought in based on the FAKE PR to promote this scam can break even and don't get caught holding all the shares Saed Talari sold them.
YES! Based on the low volume, due to the fact we are awaiting news, I feel the support is hold up very well indeed. Thank you for confirming this fact for all to see! GL to you on your board, I hope you can break even at the very least!
$RMRK PPS is holding up fine considering the low volume while we wait for news. That is WITHOUT any Fake PR!
2 points of interest here...
1. Cryptocurrency Corp does not exists, the Nevada Secretary Of State website only shows a reserved name for Cryptocurrency and the reservation holder is SAM TALARI of St. Petersburg which just HAPPEN to have same last name of TALARI that is listed as the President, Treasurer and Director of Infrax Systems Inc AND uses the exact same address in St. Petersburg FL. What a HUGE coincidence!
NVSOS Cryptocurrency details
NVSOS Infrax Systems Details
2. The FAKE PR stated that Infrax Systems Inc is merging with Cryptocurrency Corp NOT CRYPTO SUB INC. Completely different company with COMPLETELY different officers. MORE smoke and mirrors in a poor ATTEMPT to conceal the scam.
Evidently the FAKE PR that Infrax Systems ( $IFXY) released on November 20th was short lived. It looks like it only temporarily increased the PPS by .0002-.0003 and allowed some people to dump about 1.1B shares over 3 days. This is a perfect example of why the OTC is called the Wild West or the Dark Pool! Doesn't anyone think it is odd that the FAKE PR does not even tell you what ticker symbol Cryptocurrency Corp is trading under? Has anyone even bothered to look up the the company that Infrax System Inc ( $IFXY) is CLAIMING to be merge with? Cryptocurrency Corp does not even exist! Here is a link to the Nevada Secretary Of State website. Just search for Cryptocurrency Corp and everyone can plainly see the Cryptocurrency Corp name is only reserved! I sincerely hope that all who were suckered into buying this waste of bandwidth based on a fake PR can get out and break even at the very least.
We celebrate this day of giving and being thankful because the pilgrims shared their first harvest in 1621 with the native American Indians that taught the pilgrims how to survive in this new land...but this was before the Indian wars that started in 1622 and basically lasted until the mid 1920's, when their land was stolen and they were thrown onto reservations built on lands that were thought to be worthless at the time.
Happy Thanksgiving and pass the cranberry sauce please!
Here is a short list of things that most would agree are important in life but of coarse there are others:
God, Family, Friends, Happiness, Health, Love, and we can't forget about Life itself.
All my life I have heard the phrase "actions speak louder than words" and it has been my experience, that if we watch people their actions do speak volumes . Watching people through out the year it is plain to see what is TRULY important to them in life.
Things like money, real estate, notoriety, power, ALL these things and MORE are what people will tell you are NOT the important thing in life. Has anyone tried to keep the light on or heat the house with God or love? How about paying the landlord or the mortgage with Happiness or Love? How about promising you doctor you will be his friend if he makes you healthy again?
All year long I see people mislead other traders and investors just so they will buy the shares that they themselves are trying to unload at a profit, I see companies that only exist to make profit at all cost, politicians that promise everything and deliver nothing because they opt for personal profit over what is just and right for the public.
I use the phrase smoke and mirrors a lot but that is a because many times in our lives that is exactly what everything is. The public view of who and what we portray ourselves to be is just smoke and mirrors to cover what we are underneath our facade.
We currently have enough resources to virtually eliminate all homelessness, hunger and most illness and yet those who have horde from those who don't. It is a nice dream but until our society grows up we will succumb to the more basic instincts of a selfish child that reside in us all.
But hey, Happy Thanksgiving! LMAO
I forgot about That, when Croe Inc was acquired The Crypto Company was renamed to Crypto SUB Inc so Croe Inc could be renamed to The Crypto Company. I know only 3 officers are required, but I don't see why they would not update the officers involved in the company to reflect their accurate roles. I could be wrong but I thought if directors and or officers in a corporation change the SOS needed to be informed so accurate information can be recorded in corp details.
Happy Thanksgiving all!
The info is from the Nevada Secretary Of State website. I posted the links to both The Crypto Company and Crypto SUB Inc details pages in my original post.
Hmmm, I hate to tell you this but it does not look like Raef Furst is NOT an officer in The Crypto Company anymore and neither is Ronald Levy.
Now there are only 3 officers:
President - JAMES GILBERT
Treasurer - IVAN IVANKOVICH
Secretary - MICHAEL POUTRE
Director - MICHAEL POUTRE
NVSOS details for The Crypto Company
However it looks like the officers involved in Crypto SUB Inc remain the same. NVSOS details for Crypto SUB Inc.
No, the PR specifically stated "Crypto SUB Inc." but there is NO Cryptocurrency Corp registered with NVSOS. The more I look into it the more it looks like a fake PR to intice buyers into a scam. That being said it can adversely affect us if people fall for it. I must admit I was wondering what the hell was going on but who owns Crypto SUB Inc appears to be the only thing that can be verified.
Yes, I do not understand why CRCW would not release SOMETHING on it if this is true. I will say Crypto SUB Inc. IS the only verifiable data in the release by Infrax, there is NO company called Crypto Currency registered with NVSOS, just a reserved name and some LLC's.
This is an interesting development indeed! Crypto SUB Inc. IS owned by The Crypro Company so I have to start wondering if $CRCW has lost interest in $RMRK do to the delays? Maybe they will still pursue the acquisition of $RMRK ...eventually? In light of this info we may drop through 4's. We bounced back to 5's like I figured we would but this will shake the confidence and try the patience of holders out there.
Interesting Global News realease
Nov. 20, 2017 (GLOBE NEWSWIRE) -- Infrax Systems (OTC:IFXY), a global provider of Internet of Things, Blockchain development and ICO consulting, announces today that on November 7, 2017, Infrax implemented a holding company reorganization pursuant to the Agreement and Plan of Merger (the “Merger Agreement”), dated as of November 1, 2017, among Infrax, Crypto and Crypto SUB Inc., a Nevada corporation (“Merger Sub”), which resulted in Crypto owning all of the outstanding capital stock of Infrax. Pursuant to the Crypto Merger, Merger Sub, a direct, wholly owned subsidiary of Crypto and an indirect, wholly owned subsidiary of Infrax, merged with and into Infrax, with Infrax surviving as a direct, wholly owned subsidiary of Crypto.
Just curious but, do you really think you can get $RMRK down to 4's or less using questions laced with subtle innuendos? If it does touch 4's I suspect it will bounce back to 5's again pretty quick and even then MM's will likely jump ahead of your bid and scoop up what shakes loose. As it is the volume is so low I doubt we are seeing anything but smoke and mirrors. LOL
Enlightened exchange, LOL
Sorry about that, I was a little bored last night. There are a number of tools available on the net but since everyone is already here, an easy one to access is Investor Hubs Historical Data. Just plug in the date range you want the data through. There are other research tools out there, some give more detailed data, some are free, some not so much.