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Not really going to go "BIG" without news. You don't need "charts"...look ath L2...no bid support. No "trader" would put serious money on a stock with that L2...sure, some may throw some "lottery" money at it. But it's traded less than $17,000 today...you think someone would throw $5k at it? Not likely.
Who knows, it may be one of the few subs to pay off. But it won't pay off by flipping with the charts...not given the dollar volume you can get at these prices. At most a few flippers, who I've talked to, are making a couple hundred bucks here and there...easy to see when you read their posts and watch the streaming trades. No one is flipping big numbers of shares.
Unfortunately, that would require a 500 to 1 R/S...but it wouldn't stay at 1 for long after that.
As you've seen...no real sustained move without news. Just the way stocks trade.
Not a lot to this one it seems. Great deal of hype not justified in the Q...of course that's never stopped a stock from being pumped to the moon, lol.
Unfortunately, the Xinhua bookstore is in no way affiliated with XHUA.
Yeah...funny how many kind hearted investors are out there looking out for you best interests.
XHUA had good volume yesterday...a lot of small flippers though from .0009, etc. This will happen until there's some real news to be excited about.
Why the gain yesterday? Unfortunately I've noticed that each of these gains, when followed by a call to the TA, has revealed an increase in the O/S. Let's see. Not the first time MM's have cooperated with a group wanting rid of shares.
Nothing to do with this company.
Depends how often they reverse you out in 09.
At least the flippers who bought in at .0009 will get some of their money back from the crash a few weeks back.
Ask really thin at this point in time. Awful bid support though. Tug of war until co. update IMO.
L2 looking a tad ugly pre-market - though that can change fast. I think this company might want to generate at least a few grand in revenue before becoming the next Amazon.
As likely to go there as anywhere else, although you won't know it by "the charts".
He only hit me for a billion...guess he knows I'm poor.
Heck...you can say that about any stock out there. Question is...is there news? How is the business plan going? Of course you don't want a fluff machine...but silence is not golden in the investment world. GLTY.
Well, maybe one day he can become as astute as you and buy penny stocks lol. He's only, what, a billionaire 25 times over. Not bad.
Market must not have noticed the chart.
I would think that Cornell / Highgate would be about thru, if they're selling. In the Q it tells you that if all the converts were exercised about 213 million shares would be issued. These presumably would be sold by the two convert holders. So, in terms of the convert holders there may be some light at the end of the tunnel.
Unfortunately, we don't know how selling breaks down between them and mgt. That's why an update would be nice.
Also one poster said this moved w/o news...not true...the Q was released in which many mistakenly thought the converts were done. Don't think this is the case but they may be getting done.
Need the ask up...you'll always have people wanting to sell you shares at higher prices.
Don't need a chart. Just watch the action on L2 day after day. No bid support. Everyday - lower bid support and less strength on the ask.
Unless there's an update from mgt., no reason for this not to go down. The decline has not been from retail. Either mgt. or YA has been selling...not huge shares lately but enough.
This is the reason I'm not buying now. I like to catch good stocks when they're cheap...but this doesn't look cheap until we get some updates. It's true...if you wait on updates you'll miss out on a little gain if good news comes. However, a 400% gain will not bring a lot here back up to even.
Let's see what happens.
No bid on this? Yikes.
Why would it go BAM? It's down to .0008. Maybe an update will be forthcoming. If I were managment and I saw my stock losing 10-20% a day I'd "say" something.
Accumulation - normally occurs with a steady price on above average volume, not small volume on a steady price decline. Either management of YA Global have been getting rid of a few shares here and there. Not necessarily a bad thing...the people at XHUA can't work for free and with no revenues that we know of the only way to keep a payroll is selling shares. Just MHO.
Yeah...it seems to trade mostly sideways when it hits the .001 mark. It has broken that a few times but not a great deal traded in the .0009 range. .0008 is on the bid now but that occurred quite a few times last week, although I don't recall any trades taking place at that price.
So maybe there's some support at the .001 mark. At least one or two market makers / retail investors seem to jump the .0008 during the day keeping this from the dreaded triple-zeros.
On the negative side, there has been little dollar volume at the .001 price - that is, a ton of buyers haven't seen this yet as a "bargain" price which is worrisome. Usually I like to see some real buying strength when a stock hits one of these levels. I don't think we've had a ten million share day in a while. But at .001 that's only $10k. You'll catch the attention of some larger buyers when this stock starts trading $30k - $40k a day - otherwise it's hard for someone with some large dollars to get enough shares without pushing the price up.
GL.
Half you guys must have sold?
That would be saying a lot. Didn't CMKX have more shares out than FFGO? Heck...if our country had a nickel for every share those guys print we'd need no stimulus lol.
You have Xinhua names all over the place. Doesn't seem to apply to this one.
I get criticized a lot. I came here looking to see what was up with the crazy volume and price rise. I really couldn't see why...I've read the Q and don't see where YA - Cornell - is absolutely gone. Someone - Cornell or the company - has been selling shares.
Although I have not bought nor sold - and as a retail US investors I can't short these things - one share since I started posting. I'm looking. It seems like this could be a level at which to buy if I was going to. This seems to have reached somewhat of a bottom...although those bids at .0006 scare me a little.
If the stock can hold here for a while...weather the institutional selling regardless where it comes from...perhaps get somewhat of an update from mgt. regarding business plans...might be a good play.
Last post for today and have a good day trading.
You guys need to know how these market makers play this game...they're pros at this. They sold shares short to a lot of retail guys above .003. They've been covering on the walk down...it's how they do business, it's how they eat. These guys have to short when the market takes off...not too many of these guys actually hold much of companies like XHUA or other subs in their own inventory. After big runs, you'll always see them walk down these puppies...the only time you'll get a short squeeze is when the companies release news - make that good news - while they're short. But this compnay talks as often as EF Hutton.
Have a good day again. :)
I think the charts said that at the last flagpole pattern? Stock looks kinda dead for the moment. Needz some Newz.
Last post of my two today...just curious...maybe I missed it over lunch but I don't see how L2 looks good. I see the same .0011 bidders as before...however, now, the massive "apparent" bid at .0008 has become a massive "apparent" bid at .0006. I'll agree that the ask looks pretty thin at the moment. GLTY.
What has changed since yesterday? Hope you're right.
For that you need some buying interest. Where will it come from without some kind of news? The fact that it's fallen by half since last week hasn't sparked anything. GL.
Iron Maiden...now there's an oldie but goodie.
Only looks like about 6k traded today. Needs some shakerzzz pixie dust on it. Maybe he can sell a Ferrari and take out the float? :)
Better to see multiple bidders than not...but as you see, what's important on L2 is what happens when those bidders get filled. There were no new .0013 bidders to take their place. But it's been maybe 3 days since any bid strenght at all. Still looks weak with only .0011 now followed by .0008. Need a sustained # of bidders then some excitement would ensue no doubt.
I only have 2 here, so I'll agree. Update from mgt. is always helpful...not fluffy stuff, but progress report. There's no rule preventing a company from interim updates - between the Q's. Good luck. Pennies move fast, so this could fly with news. GL.
Going to take this one to .0008. Look at those shares being bid there. The company / YA were selling shares last week in the .001X range. If it was YA (Cornell) doesn't say much other than they want their money. If it was mgt. no one is going to buy above .0015, say, when mgt. thinks that's all it's worth. On topic and my humble opinion.
All over the place...now .0015 X .0021. Rocky ride.
You anticipate news? Or just a positive person in general :)
Ever heard of the province? Besides...even though it's in Chinese...look at what that site is offering...picture-wise.
I don't think that site has anything to do with XHUA...it's certainly not the GEEPIP.COM touted in the Q.
Have a great weekend and good luck with XHUA next week.
I've never told you this wouldn't hit record highs. I've only said that at points during my posting that it wasn't going anywhere...and, unfortunately, it hasn't. I DON'T HAVE A CLUE where the price is heading in the upcoming weeks...nor do the chartists. That will depend on the company...plain and simple.