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Seems to be a intraday bull rally to get the PPS back up! Lets see if bulls can take it up or bears bring it back down!
I was banking on AAPL having a red day yesterday (6/18) but the stock market rally was still strong coming off of Wednesday's Fed statement. It will be interesting to see what happens tomorrow!
All from triple witch opex? WOW! Isn't tomorrow quad witch opex?
I called this retraction 2 days ago and started to grab shares as this started to go below .03. The question now is how many days of consolidating before heading back up? Also will this continue to drop or are we seeing a bottom? Seeing that we hovered around .02 most of the day yesterday (2/26) I believe our bottom for this leg is around there. Maybe as low as .018 or even as high as .021.
Like I said though seeing that today is Friday it will be hard to predict what will happen. I would be happy with side ways trading today but would be even more happier if we pushed passed .024 and closed off the week in the high .02s. I will be looking to buy more shares below .024.
It is really hard to tell what is happening on a weekly basis but you can look at the daily charts and see that there was a move down. I believe we will trade between .02 - .03 for the next couple of days like you said. Seeing that tomorrow is Friday, I am not expecting great things to happen. I think we will have to wait until Monday before we see any movement back north with hopefully some good news to help catalyze!
It would make sense the next high before coming back down will be between .06 - .07
I am not that surprised to see a red day today but I was kind of surprise to see it drop so low and not having any buy orders set. I wouldn't be surprised to see another red day tomorrow before this head back up into the 40s on friday!
Thank you. I have learned from past experience to never trade on somebody else's opinion. Do your own DD and go from there!
I suspect there to be a dip today from people selling most of their 100% profits. With this having such a low float I wouldn't be surprised to see low .02s today and that is where I am putting my sell orders!
Hey Boss, this is what happens when I sleep through the whole day! I miss out on a nice run! I am going to try to get in on a dip in the morning and see where this baby goes!
I couldn't agree more. Emotions go the best of me last year and even though I did great in the beginning, in the end I lost most of my earnings and had to take a break. I am back with some set rules and emotionless when it comes to trading.
Thank you!
I am reading previous posts but was wondering if this was announced in a PR or email from the CEO?
I agree, with all this work they are doing acquiring companies and changing their business model one would think the would have filed an attorney letter and up-to-date fins!
None and the volume we do have knocked us down to .0002
You can only have patience for so long especially with a company like this that has had a very bad year from a R/S that preceded a drop in PPS from .50 to .0001 to within the last 10 days filing three 8-ks that brought the common shares from 23,182,295 to 613,862,216. When I see hundreds of millions of shares being issued to pay off interest on notes it makes me worried and I start looking for an exit quickly!
I cannot sell at .0003 and so .0004-.0005 right now is my exit price. Even with fluff news I doubt the PPS will go much higher than it did last Monday of .0006.
Even if dilution is gone I am still concern to the little ask slapping that has been going on the last few days. What I mean by that is 3s will be slapped quickly and 4s will come up and nothing for an hour and we would see a paint job of 1000 shares at 4 or somebody would sell into the bid causing the ask to drop to the 3s and the process will start all over again.
To me it looks like the action has come and gone here and a lot of people are trying to get out with any profit they can with some selling into the bid just so they can move on to their next stock. Myself have avg up to 3s so even selling at 4s would net me a nice profit that is people would slap the 4s and we could move to 5s!
With each new 8-k being filed we see MNVN issuing hundreds of million of shares to cover such small debts. I hope this is not a paper selling company and they have plans that are going to be revealed soon. I will like to get out with some profit but right now it is not looking like it!
I would be surprised if we close at 3 at the rate this day is going.
I got in at 4 and 5 sold some 4s and was able to buy enough 3s to avg up to 3. Looking to pick up some 2s! Would like to avg up some more!
Right now, any gain is better than having my funds tied up in a stock that has no momo and people refusing to slap the ask.
Looking at today, I would say that is very doubtful! Like I said in an earlier post, people are slapping 3s but not 4s. Unless, we have a catalyst like a PR this thing is dead in the water! I also believe if there is a PR this week, we will see what happen last week where the PPS went as high as 6 but within a few days dropped back down the base.
I hope vfin isn't going to hang around for long. That is the last thing this pps needs!
This is what happen the last 2 days last week, people slap the 3s but when 4s come u nobody slapped them and thus the momo stalled and if the pps doesn't move up people will sell and move on!
45 minutes into trading and we have very little volume! I hope things pick up soon!
welcome Skelator, Good to see you here. I am looking for a short term play on this one. Many have high expectations while I am just looking to see .0006-.0010 in the next few days hopefully!
Nice slaps to get us to .0004 but than they stop! Pointless to load up on 3s if nobody wants to buy 4s!
Didn't you say that about .0005 and than about .0004, and now you are saying it about .0003. I fear next week you will be saying it about .0002!
I would be surprised if news came at all, today, tomorrow, next week, next month! Nothing points to a PR!
Only way to see .0005+ is somebody to buy 4s.
Doubtful just from watching L2. Nobody is slapping the ask and too many people are bid whacking! I would be surprised to close at .0004
For this to have a nice base to bounce off of next week, 4s need to be taken out and 5s need to be worked on!
Alright start slapping the 4s now!
EDIT: Great paint job, now it needs to be followed up by a few nice 500k - 1 million slaps
14.5 million SMH I hope not. That has to sting!
Nice slaps taking out the 3s, why don't they continue for 4s?
Sorry not going to happen with this crowd, nobody wants to slap 4s yet they have no problems slapping 3s! SMH
Like I said, if nobody slaps 4s, we will drop back to 3s! Even if the 4s are just paint jobs it is better than no slaps!
nope, it is lunch time. I expect some slaps to come in around 1pm and there after!
7.4 million on the ask! I know people want to slap it so we can see .0005 today!
That wall at 4s is nothing new. It has been there the last 3 days! We just need people to slap some 4s!