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what flavor kool-aid do these guys drink? I'm amazed at some people who still think some of stinkie pinkies should have a direct correlation with price of bitcoing, etherium, or whatever other garbage coins out there... Hell if they believe in them, invest or trade something liquid like the index itself and stop looking for a homerun in OTC land...plenty of vehicles to do that with options, etc...It's like the suckers who took it hook, line and sinker when gold, silver were going parabolic and "investing" in scam penny stocks related to it or miners...plenty of bagholders in BTCS and the like now
how did that work out?? anyways, i'm looking into it..setting for a bounce.staircase up, elevator shaft down it looked like
I'm looking into this one too. Setting up for a nice potential pump and dump play or quick bounce play...waiting on sub .01. Don't care about the company at all long term.
no disrespect, but dont drink the company kool-aid in this game and hold too long..yes, u may get a multi bagger one out of every 100 but most are one and done pump and dumps..or you get holding dead money..gltu
could go either way man..could multi day run or be a p and d..the way it consolidated and back up with room in chart could run more...hey they all come down eventually..I'm sure many here playing with house money...who cares, cash in ask questions later and on to the next one...welcome to OTC land
11 Signs That You Are A Victim Of A
Pump & Dump
1. INCREASED VOLUME AND A TEMPORARY UPSIDE
A quietly trading stock has a sudden increase in trading volume following a promotion, which continues even after the increase in share price has been eradicated and the stock falls into negative territory. This is a sign that the insiders had offers at the asking price all the way up and once profit taking started, the insiders continued to sell, this time by hitting the bids..
2. INCREASED VOLUME AND STRAIGHT DOWN
A quietly trading stock has a sudden increase in trading volume following a promotion, but in this case the price went straight down. How could this be if there were no sellers when the stock was quiet? This is a sign that the insiders are dumping, providing stock to bidders no matter what the price. Insiders are probably competing with each other to get rid of stock.
3. INCREASED VOLUME BUT STOCK MOVING SIDEWAYS
A quietly trading stock suddenly shows trading volume but the share price is stuck in a tight range. This is a sign that the insiders are not whacking bids but have plenty of stock for sale at the offer. This is the smartest tactic when dumping stock because in this way, unsuspicious investors like the fact that there seems to be support for the stock and yet it hasn't run away giving them the perception that they are not too late to join the party. Always and inevitably, the share price will fall out of bed once the bids stop coming in and the insiders have no choice but to lower their offer. At that point, other investors will also attempt to cut their losses and join the selling.
4. THE TOUT STOPS TOUTING
Touts who have been pounding the table for days or weeks, sending email after email suddenly go quiet. This is an indication that they are no longer being paid to tout the stock and have moved on.
5. EVEN WORSE, THE TOUT DISASSOCIATES HIMSELF
Touts rely on the insiders to sell in an orderly fashion rather than just dump all of their stock in one load. A stock whose price drops from the word go in spite of the increase in volume looks bad on the tout, who has to be able to show at least a brief increase in share price in order to maintain the confidence of the subscribers he relies on to participate his next pump. If the insiders sell in a rush, no investors make money and the scheme becomes more obvious. In this situation, the tout will often issue an apologetic email to his subscribers feigning ignorance and retracting his recommendation, albeit too late.
6. THE BIG DEAL FALLS THROUGH
Pumps and dumps are often executed in conjunction with the concocted announcement of pending merger, acquisition or contract that is in the purportedly in some due diligence stage. The insiders and touts will use this period to continually pump the benefits of the coming transaction, giving a chance for the insiders to divest themselves of their holdings until the inevitable announcement of the failure to consummate the merger, acquisition or contract.
7. THE COMPANY GOES QUIET
Following a period of sudden and frequent press releases disseminated in conjunction with a slew of touts promoting the company, news from the company is hard to come by.
8. NOBODY HOME
During the promotion of the company, there is a facade of transparency and investors are encouraged to contact the company and even talk to or email the CEO/President. Suddenly, nobody returns phone calls or answers emails. This usually happens at the same time as the company goes quiet.
9. ISSUED AND OUTSTANDING INCREASES DRAMATICALLY
If a double digit percentage increase in the number of issued and outstanding shares occurs following a promotion, chances are that the insiders have issued themselves stock to replace the shares they sold into the pump and dump campaign.
10. GOING IN REVERSE
Shortly after a campaign of press release and stock promotions, the company will announce a reverse split of its stock. In spite of whatever reasoning is proffered , the real reason to reverse split the stock is eliminate the new shareholders and set up for the next pump and dump campaign.
11. THE SEC COMES A CALLING
A temporary or permanent trading halt is ordered by the SEC because of a concern of a lack of accurate or verifiable filings. This is often the result of a heavy and prolonged stock promotion executed in conjunction with grandiose claims and heavy trading volume. These conditions will sometimes, but not always, trigger the interest of the SEC.
will do, I gotta stop drinking these drinks called company white claw too early...they bite you in the ass. I should of invested in them..lol
bonds, looks like March 20th was the major pre-load area where went on radars and 2 big runs....personally not for me at this moment. I really need that drink after missing that one today,,f me..lol
you got it bonds, I am pre-screening other low floaters beat to crap. I look for those dead or half dead ones with potentials and "unusual volume" but not incrredible like this one was getting in past week or so. Also OTCQB (not pinks)..I think this was OTCQB? I certainly don't look at the hot stocks on IHUB that have already made huge moves....all those bitcoin crypto pump and dumps are done..boy I rememebr everyone telling me to hold those..lol..same with pot ones which actually look good soon but not the ones that traded gazzillions of shares and have super high floats and bagholders galore...mathmatically impossible for them to move again even on fluff PR's
anyways I need a drink..this one reminds me of RXMD** it was a multi day runner in medical industry(now has completely retraced and dead money) but those are few and far between...I always sell out too soon on the big ones but then again if I held each one too long, I'd be holding a bunce of triple digit or non existence stocks now..lol..keep powder dry
This is still a scary looking potential chart and room..no history of reverse splits, no pump and dumps in months past or years past. Knowing me I would have sold half and just leave half if a follow through. GLTU, off to the bar
I read it Montanore. It was too logical and reasonable
yeah but who cares as I have seen worse companies run like this..is it a one and done or not? That chart is sick looking for "multi bagger dreamers"..hey, u never know...but I'm sure most are playing with house money now in case that happens. C'est la vie..
gonzi, get over it..u missed it as did I. Come on you know OTC is pump and dump land..there will be another and another...Let people dream big and hold these scam pinkies until they get burned getting greedy... I missed one like this earlier in year in RXMD**..the POS ran to .20's. I sold from .03 to .039..then boom news comes when I'm not in it..I have played bankrupt Q stocks that have made moves like this...sometimes you eat the bear and sometimes the bear eats you..its a craps game
bonds knight, punch me too. I had this on my radar 2 months as a pincher play and I tried getting at .013 but my order wouldn't fill for 300k shares. It was moving about 1.5M daily for last week as people in know were slowly loading...Plus these guys release news once a month but the last couple releases didn;t do squat but this one sent it...oh well, cant chase but the chart has room...sell on news as usual and at least pre-loaders can get out with the higher volume...punch me too:))))
must say it was a great pump and dump last week and well set up...wonder if people still holding way higher up...I think one more pump before eventual RS...maybe as high as .0015 before bottom drops out for good
wonder if anyone got caught in the pump and didn't dump last week getting greedy and decided to hold. Excellent engineered pump and dump...back to the origing pre-load area of .0018..can it do it again..but this time higher float and saturated...higher low's lower high's from here? anyone know any other pre-pump plays?
maybe he has the power to create a new phantom pump job..lol.. I think it will happen here at lower levels like that ftw* pumpage last week..I guess this will pop up on screener afetr a heavy plummet to the magic .001 par value. I would anticipate one big phantom spike day and then a retracement and flatten out to the depths of trips and eventually R/S. I'm keeping an on other pre-pumper tickers before they hit someone's subscriber list to pump in their masses to dump into a heavy volume day....one big ponzi:))
no doubt maniana, they really screwed the pooch here...Even news fluffs won't help..never get caught in pump and dumps and drink the kool-aid. Massive bagholders trapped higher..never listen to pumpers:)))
maniana, what you think here? looked like a one and done pump and dump..those who got out on a 100-200% move like you dumped onto chasers seeing the potential sold into rip...no follow through and potential bagholders trapped in .004's .005's just want out...don;t get caught in the ponzi...I see weaker and weaker volume from here unless in for the "long haul" bagholder status....but yeah yeah, this could be a multi bagger "copperland" "silver" just to keep ya in...lol...hahhaa...time to look for next pre-pumper? or jump back in here?
where u looking to get in big pappa? high .001's? or u think this is a one and done?
jesus 60 days is an eternity in penny and for me..I learned that after holding into a real potential winner and got a nice 1-500 reverse split for patience..what a great write off tat was....anyways, I'm on fnce here..I like the chart..I like the initial pump today and nice pullback and strongly debating to get in .003's or low .002's
well don't hold it that long then...trade it dont marry it...pretty liquid right now so take advantage of it
etrf==etrade...panic market sell profit taking retail:)) i'm waiting on MM PUMA to maybe jump in..blasted through those.005's..4's..now .003's..easy come easy go in pinky stinky land
good call old school joe:)))
georgie, where is the dump point..you seemed to have saw this coming and most are locked and loaded in .002's and .003's waiting to sell into momo chasers I'd imagine..or you think this has a multi day life?
wtf?? 12:22 pump news release...what a bailout...wowowoww...i was taking a dump and missed a 20% reversal
maniana, couldn't reply to your PM but yeah good job...I'm off searching for the next pre-pump potential low floaters. Looks like the ponzi peak for the day hit perhaps and people raking in profits...chart looks fantastic if this is a beginning stage and not a one and done like so many. I'll keep it on watch for sure
i think you may very well be right before ponzi profit taking at...parabolic mania..I'll take a stab if dips to .004's but not looking that way so far..gl to you guys
nice too late for me after 200% pump up...which was is next?lol..maybe this can be a multi day pump with small pullbacks...least if volume keeps getting jacked up to chasers, u can dump into them and quick fill:)) hope you "loaded heavy pre-pump morning or yesterday...was this a paid promo pump job today?
holy crap maniana..u got in this puppy pre-pump...damn I missed this one
Good idea maniana...too bad no volume flowing through this to even get a good exit on a dead cat bounce. Looks like they tried to fluff some BS news yesterday and no new blood bit to dump into..off a lot of radars and just another pump and dump just like all those "great investment" MJ penny stocks people got married to...reverse split seems likely in the future to really put nail in coffin
Still good trades to be had on bitcoin itself and ether scam coin and etf's related to it. GBTC* has been good to me in relation to price movement...had some luck on the options as well. I almost got burned on the move from 6200-9000 buying puts on the spikes before they expired worthless..thank god it came back down. I'm waiting for the next precipitous leg down to go long..range too tight right now. But there are still hard core longs who think it has a future but who cares..trade it, don't marry it and ask questions later:)
jonny "the mush" Reed needs to cover the open bar tab tonight
and your here cause got in around 6-15? and caught higher up when retail chased after the big move??volume drying up I see so where is next catalyst in this? I see it bouncing around tit for tat untl a new bottom to pre-pump levels
baba, thats the point. Really a dividend in a pinky pump and dump stock? The company move is to make retail buy and hold getting free shares, so they can hold bag further and further till they panic on dividend date...but at least they will have more shares...lol
s4cash, how much more pain here? See lots of pumpers or people who chased higher after the fact keep trying to suck fresh meat in so they can dump...higher low's lower high's to original pre-pump levels from 6-12?
yeah you could be right. The paid promo pumps sometimes still work. I was caught a bagholder once in another ticker and ready to suck up and use as a write off other gains when bammmm..paid promo..gap up and go till about 10:30 on like 30 Million volume. I held that POS for 5 months and miracle. That higher volume let me dump my 2M shares onto some sucker buying into a rip....From 10:30 a.m. it pissed most away...
There already been a nice pump job in February here from .019 to .06ish..also there may be some who chased the January pump ether trap even higher. Wish u lots of luck. Float still relatively low so could happen...reverse split likely in a few months to finalize the kiss of death to this fake crypto/ether scam
you will get your reverse split no doubt down the road..doesn't mean it can't pop like it did...go look at the history of this ticker..been telling people since january...nice try pumper
it did already explode..yesterday someone covered big mid afternoon popping it plus there was a gap to be filled from an overnight move when they announced future reverse split...with a whopping 1M in trades, you can't even get a fill or sell and spread is too wide...this POS is donzo and has to retrace to lower low's as usual...but who knows.GL...
oh yeah, drinks on Jonny Reed..nice short cover rally..I guess wait for reverse split and short the ever living piss out of it. Good job Jonny!!You win again
but but but I was told no reverse split, the float too low, blah bah..game over..this will be 4 reverse splits from this shell..wonder what new company will come after this?
whats wrong with hopium dreams?