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I think I've seen where this is headed. Do you ever write a different script, Clay? Is the candle representing 30 minutes of trading?
Jinx! It doesn't matter what the chart says, when a knife is falling, it is hard to determine when news comes out and how the market will receive it. In today's news, which I am surprised no one is talking about, FTR announced sales of 80M of its assets to offset some of its debt and pension liability.
I owe you an apology, I was way out of line to call your post a fake.
I always find it fascinating, and yet extremely offputting, that a stock can top out at like .85 and be .60 the same or maybe next day when no news came out and you just "read the charts" and know "it's time to sell". There were no apparent indicators, you're plain lucky.
Regarding Attila1905's "In .52 out .85 ", YES those WERE the LOD and HOD. Do you mind sharing, how you were able to identify those points? Anyone can say they nailed it, but which technical indicators did you use, or did you just pull the valuation out of your butt?
Yes you did. So you were one of the 20% winners, as was I, but in my case only $250. It should be easy for you to see that 80% of traders today could have bought at .47 and above. Just look at the volume during the spike. And the fact that you and a few other savants like yourself cleared 10k shares is further evident that 80% of the people involved in today's action lost money. Even numerous shorts lost, because of margin calls and likely having to cover at ridiculous prices like .65.
What does the debt picture look like? ER indicated they even have 9 months of cash reserves so why the subsequent panic???
I caught this knife
For those who have said RS or DL is imminent, I did read it as they have until end of June to either extend their time or pay the piper.
Source:
https://www.newswire.ca/news-releases/neovasc-receives-nasdaq-notification-regarding-minimum-bid-requirements-667736613.html
A SA hit piece came out this morning warning all shareholders of imminent BK. Then the author has the audacity to comment on his own article, and say he is not responsible for the 10% intraday drop.
$TPLM big volume today, day 3 of the rally. Last chance for 0.045, then 5's. Traded for 0.27 before delisting due to infirmed assets. If emerges from court and/or if Caliber spins off, it's got potential to move up quickly.
TPLM bid 0.045 ask 0.055, restructuring as Nine Point Energy (privately held) and emerging from BK court - assets were HQ in Denver. Part-owned Caliber resources is a great asset.
$TPLM is rocking! Up 7% yesterday, 28% today. Resistance has broken, this is oversold because of BK panic and delist, the company is not going under, they are restructuring. Buy now and it could be 0.10 soon
Looks like manipulation. I bought some at 1.60 before the swing. Will probably sell if we break this 2.50 short term resistance. SL's won't work because the MM walk it down, scoop them up, rinse and repeat.
Still TPLM (OTC). The bounce was inevitable, wish I could have gotten some for 0.06
I hate that when there's like 1,000 posts and you're only looking for the one
To what you said, I do agree with most of it. I don't think it's the people who bought in lower all the time, there can be someone who is on the verge of a stop loss out or hedge their position by getting some out.
if the ask is low , I'd hit it!
555,000 shares just traded at once, that's crazy. I wonder who the players are.
Earnings were underwhelming, but I thought market had factored that in. Looks like a bargain under $3.75. Good investment? Will scour 8k for any clues.
Stay long? How much would it cost me to buy a hundred thousand shares, $15 + $7 commission? How many years have you all been long? The running joke here is that George's PR can never be followed up by anything substantial. If you believe that then why are you all still here?
I have seen stocks triple after "funds" and "insiders" sell out of them. I have owned two such stocks in the last year, and hoping OPHT is my third such. I have a small position, but if it triples I'll be sitting pretty. I have a Stop Loss set, but not too tight because this has shown to be rather volatile in the last several days as it shakes out.
The only unknown at this time is whether the apparent MM holding it down at .31 today was intentional or if it was the irrational market fears taking over before the inevitable retrace. I stayed away from going more in today but my shares I've been holding since April are going to stay in this account until I reach my target which is .40+ or December earnings whichever comes first. I bought the shares for .23 so if it goes down a penny I'm not even thinking about panic selling whereas a lot of the people who bought in at .23 are selling to keep the bid low, while the .28 to .42 entrants are running scared but shouldn't be if they did any DD.
That is a false statement. The quarterly is effective 7/31, and it indicated that they are still seeking buyers for Rockpile. The sale commenced after 7/31, was announced 9/8, and will take effect this quarter ending 9/30 which is scheduled to be announced in Dec. The sale wiped the subsidiary's debt, but the parent company TPLM did not collect any of the 58M (not 51M) check for that sale, as the PR on 9/8 does in fact corroborate.
What can you show me, otherwise, that you think you know?
This is just not true. Although White Deer purportedly paid 58M, that money did not transfer to TPLM, correct? The good news is TPLM was able to walk away from a ton of debt.
Isn't that 3/4 of a billion in debt paid off? As for the recovery, enough time was bought where they could sell off remaining assets without BK or asset impairment if they want to.
the ST site can be very frustrating especially with all the users that signed up in the last 2 months -- If a noob user says something particularly obtuse usually about dividends or earnings I block them right away, it's not like they're going to grow into a seasoned investor in two months.
Can I ask what you're still doing here since you were so sure TPLM was in bankruptcy? And SUNEQ wasn't? You're 0 for 2 in my book, come back when you can substantiate a single claim as I have.
People can be wrong, yes people make mistakes but your insistence on being right throughout is what gets me.
From the PR it's anyone's guess what they paid for rockpile. I only knew rockpile sold because of Rockpile's announcement. Could be because White Deer is a private company?
Cheekty's 100k POST to hit us by this Thursday if not sooner. Will it be news???
Speaking of RXSF or whatever, why are we all still tracking a stock that doesn't have volume? I can speak only for me, I think it is amusing to watch paint dry.
Why did Cheekty block you for that?
Been tracking this for awhile now, it really was nice to see it rally back up to this point.
.50 runner soon?
It's not up until you get actual volume. The only volume this POS gets is the dumpers who were trapped longs. I've been telling the truth on this since $2 a share. I feel bad if no one listened or paid attention.
Your caps lock key may be broken. There is no rumor. You made this up. What is it based on? The annual shareholders meeting often held in July so some of the publishers have attributed this date to a shareholders meeting, but nothing has been announced to that effect, and in order to get RSVPs you need the company to make an announcement ahead of time. These same yahoos, reuters, zacks and the like ought to some day publish verified info, but until that time they get away with the "(estimated)" disclaimer, who knows why they can't make the date disappear altogether if not verified within 30 days of the "event". The event is not happening today so stop making something that isn't there and patiently await some real bullish (or bearish, if that's your style) news from this sector.
I believe it was $8 not $6
Restructuring news is out there and you don't have to look that far ago to read it
Yes but Has anyone come out with a fuller explanation on the mysterious insider dumping? What you say here isn't informative or new.
It is not uncommon for this kind of trading activity to precede higher trading prices. It's looking as if it was by design to shake weak hands.
Welcome back to the board. We've missed your wisdom. So 3 days up and 1 day down and you think it was from insider dumps? Show me the 8k...
Check oil quotes while you're at it. Yes, the pricing reaction was extreme but that's what we counted on when we bought shares at .20 while you were screaming FADE
Higher than what? a kite? can't say I didn't try to warn people @ $2.50 that this would be flushing.
See there's this pumper guy... his mantra is "DO YOUR OWN DD" and for that I say it's a shame any of you would ever want to follow him.
bump!
ihub is way behind. Do paid users see the real time trades? I use nasdaq real time, says we are going to trade .34 now but ihub says .27