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I’ve been “trapped” in too many delusions of penny pipe dreams in the past.
Nowadays, I could care less for the company. It’s all about them sweet sweet moves.
Usually bottom fishing the sell offs after major pumps. Using charts for entry/exits.
Low of the day is .275. Pretty clear on the 5m
Idk if it’s a shell or not. Not investing. Making $$$ on the swings. I don’t invest in pennies. It’s not very smart.
This has some beastly moves.
Second this. Some definitely got trapped here below .30 it was pretty clear on L2.
Bank those profits... easy 10% gain in less than 20 minutes. #atm
Bottoms in, could run to green. Short attack on BTC Pennies is over for now.
Bottoms in. Watching them try to cover below .3 is comical
That ask tho
Told ya :) GREAT CLOSE
Watch for break above .113
Moving
Ready to pop. Wish that gap woulda filled earlier on the 5m
Close enough
Red to Green EOD.
Consolidating nicely. Accumulation below .10. Nice base forming.
Bounce
Had to find buyers. It goes down because there are more people wanting to buy lower, and more people trying to get out such as yourself.
Bought at .096. Looking oversold here.
Total drop of over 60% on the day lol
Careful... RSI breathing before moving lower.
Wayyyyy over extended run that pushed market cap to stupid levels. This could go back below .10 pretty quick imo.
Wow BTSC down over 60% since this post. It was very tippy lol.
Looks more like a short term psych bounce at .50. Needs to fill the gap.
Headed for a gap fill at .45.
Bout to fall off a cliff
Will do ty
I? can’t find anything to warrant a market cap of 250 million + is why I’m asking. Maybe I? missed something
Why is this worth 266 million as the share price is reflecting?
New bag holders minted every day. Be careful and set your stops. It’s looking exhausted imo.
Looking tippy here. No position. Will buy much lower.
IMO they broke ground with some sort of verbal agreement for financing on the basis that they accomplish specific tasks in the near future (one of them being the recent uplist imo).
They needed to break ground before the long holiday season where no one would want to travel to it.
Now they have a solid month to work out financing for the project and begin construction in January.
The “toxic” notes taken this far are simply to get into position for proper financing and will easily be taken care of in the near future.
Deep deep pockets are involved here. Simply look at the companies involved. No doubt there are specific milestones MMEX has to hit in order to achieve financing from any of these highly reputable companies.
Hanks has accomplished a lot in the past 6 months. Financing will be no different. He could easily retire at his age. I? highly doubt he’s sticking around to build a legacy of scams. He wants an legacy written in oil. Texas oil. It’s the pinnacle.
It will be PR’d when financing happens, but ground breaking and the involvement of large reputable companies would not have happened if there wasn’t a PATH to financing IMO.
Right now it could be as simple as a verbal agreement, or an agreement that a formal financing offer will be made after a good faith item or milestone reached by MMEX.
There IS a clear PATH to financing as we’ve seen some good DD recently that proves this. Look at the companies involved and who has the money.
Lots of patience needed here, but no reason why we can’t be making money on the ups and downs along the way.
Cool beans. Good luck to you!
These penny stocks tend to do that. That’s why it came back down. It wasn’t based on anything tangible. It’s not a disaster if you buy low and sell high. Many people have been making money on MMEX in the last 6 months.
Penny stocks are in the basement for a reason. Don’t get too attached. Very few make it out of the basement. I don’t need it to go to .05 to make money. Been doing just fine at these levels. It’s pretty predictable really.
Where’s the disaster? Still up 12% since yesterday. Even beginners know stocks go up then down, then up, then down.
Say it with me. Up, then down, up, then down, sometimes they go up for awhile, then down for awhile. Then up again, then down again.
It’s pretty simple really. Until they move sideways (very small up and downs). That could get tricky. So stick with the basics for now.
Testing .02 by EOD.
Sticky! Hanks follows through with another small victory. More coming.
I’m investing in Mr. Hanks as he has achieved everything he has stated in the past 6 months since I’ve been here. He’s followed his timelines very well and is working with some of the best firms in the industry.
Beautiful! Soon they’ll be saying how there’s too much sand around the purposed facility.