Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
https://toohightoolo.wordpress.com/2015/05/16/otc-toxic-debt/
^^ That is all you need to read. Exactly what has been going on here.
I actually watched todays price action for the first time in weeks and man does DNRG desperately need the cash to pay off these notes. OTC MM's put a chunky bid 1/10 of a penny higher than the market price to entice buying/bullish behavior.. Retail sees it, slaps the ask and a few minutes/seconds later another OTC MM comes around & undercut the slap price, whacks the bid and down goes Frasier.
This is why I always tell people to stay diversified to limit market risk instead of throwing everything they have into these PIPE (look up Private Investment in Public Equity) dreams. They explode a few times, traders and trading groups will lie about their profits (usually losses or overly exaggerated gains), new traders will come in thinking it'll happen again, the volume gets less and less because consumer (trader) confidence dwindles when they see others holding a bag and complaining about the company (their positions).
I was burnt many years ago by an OTC ticker that struck a financing deal similar to DNRG's and I have always been diversified since. My big board (boring) tickers in my portfolio have always performed and continue to perform better than any OTC's, because they constantly generate streams of revenue, have plenty free cash flow which gets distributed back to their shareholders quarterly/monthly. My mantra is to keep my investments boring and my life fun, not the other way around.. In this case, greed got the best of me after hearing about it through Twitter and I wanted to try something I told myself I would never do again.
Best of luck longs we will absolutely need it in the coming months.
ALL ABOVE IS MY PERSONAL OPINION.
But hey what do I know lol I added this stock to a portfolio full of dividend artistocrats and solid(boring) companies. Lesson learned.
Not necessarily, IF someone sold and something was to miraculously happen with $DNRG within the next 30 days its considered a wash sale if they simply "jump back in" especially after being down 70-90%. Id rather wait 1 year since my initial position to take the tax advantage of a long term cap loss to offset my long term cap gains. Silly philosophy imo would be taking a huge L and trying to recoup it trading the same equity that lost all their principal.
Im going down w the ship or taking off with the rocket. Won't sell till .0001 or .10. Could careless at this rate my position is now around 5% of my overall port. Won't make me, won't break me. Stay diversified my friend. Best of luck as always.
Unfortunately, imo, this will test subpenny levels by Mid-May with no news. Almost 1 year since the initial explosion.
That's true, then I suppose it's wishful thinking on my part.
Maybe they stopped converting due to revenues from grupo deal? Didn't fresh mention in the pr that dnrg was a pre rev company now a enterprise w a pos cash flow?
$100k+ in trading volume, not bad at all.
Energy sector moving the market today. Nice day so far DNRG holders. GL.
Negative sentiment comes from negative positions. No more, no less.
Likewise, adding bit by bit by the week. Only OTC in my port.
Bingo! Totally agree w ya.
Bingo!
Bingo.
"Green" as in price action on the ticker? Or 'green' as in legit company building and deploying a solid oxide fuel cell technology?
Thank you. This company seems to have communication all around the world (Africa, Middle East, Latin America) with the exception of its shareholders.
Lol what a company I tell ya.
Cart before the Horse every single time.
Nice development nonetheless.
.2143?
What was it? My apologies if incorrect.
50% short interest today. Disgusting. This is the red headed step child of the fuel cell industry. Getting dragged to the basement.
Downloaded the PATT APP ; nice seeing DEC's name there.
Good find.
I thought you were long 1.5MM?
dnrg diagnosing rookie traders/investors with bipolarity. this is what happens when you arent diversified.
Hi all,
FYI: I still am long and have not sold a single share since my initial position in September 2015. I have no reason to sell because nothing good or bad really has happened (yet). Been adding week after week as long as it's under my average cost basis.
Unfortunately, DNRG seems to be an extremely attractive target for manipulation and shorting and you know what, rightfully so..
Shareholder confidence is waning
The problem with Dominovas seems to be that most if not all of the PR's released to the public since June are putting the carriage in front of the horse hence the price action since then. Huge spikes for day traders followed by huge shorting for long bears. Long bulls are in the worst position here until something MATERIAL arises. Unfortunately the only MATERIAL thing to occur is the A/S increase to 700MM, the O/S & Float increases & the GHS Funding (dilution to us shareholders no matter what the funds get used for).
The one positive thing that I have noticed this month is they are ramping up their social media accounts and have made very nice changes to the design of their logo & brand. If you haven't seen already, the website is loaded with new HTML:
http://dominovasenergy.com/
Also, their Twitter and Facebook accounts have drastically added new followers (fake or real, doesn't matter to me). If you see the trends on their social media pages, you will see a huge spike this week with new followers. Seems to be a steady marketing campaign to get their name out there.
I continue adding bit by bit, only have 10% of my port in this (stock port not overall asset port). That's the beauty of diversification and dollar cost averaging. If this ends in the sewer, I don't lose my shelter, food and career. Big whoop, make the money back elsewhere. If it explodes from being legitimate than I will make a hefty penny (tsk tsk). That's the problem with the longs on the other board. They throw all that they have in one basket at one time. They bag hold. I invest.
I wish all of you the best of luck. It has been one fun journey thus far.
Everything stated above is in my opinion only. Make your own judgments.
TS - the absolute worst out of them all , still long & strong here.
Stick w your guns. Continue accumulating if you are bullish. Their short positions will be maxed out at a certain price point. The timing here of the quiet period couldn't have come at a worse time in the overall markets, but that's life. Be adaptable. Eventually this trend will end. The market will readjust the price action. GL.
And when it cracks? What will happen then? Only a few levels away on L2..
Watch the short interest today.
http://otcshortreport.com/index.php?index=DNRG#.Vo_T-meFPoo
Noticed that also. Looks sleek.
22% of todays volume is short even at these lvls according to the link.
Lol I don't think anyone's expecting bad news. Price action since October 28th has been nothing but bearish yet everyone's sentiment remains extremely bullish.
At least they update their Facebook and Twitter accounts lol some vitality left.
Yes. Since management is mute all we can rely on is #'s to determine price action. At least they update their Twitter and Facebook with FC industry news.
Global markets falling, commodities dropping, oil hitting lows, No Delphi update, no Congo update, no Rubicon update, no AVL update, no PPA update, no Al Rushaid update, no 1.2B loan follow up, no assets on their financials, no Angola update, no production/manufacturing of their SOFC update..
I am long since September, but how can anyone antagonize bears for going short?
Watching the short interest today on this volume..
http://otcshortreport.com/index.php?index=DNRG#.Vo6DHmeFPoo
Next PR is make or break imo.
Yep! Best wishes to you TS!
Happy new years everyone.
Unfortunately MM's have Boxed in low 4's now. This will be in the 3's next week. Possible 2's IMO. Have the ammo ready.
OTCQB Certified.
1mm @ the ASK .. Boxed in. .05 support turning into resistance.
I agree. To many macros not enough micros. Is TA still gagged as well?