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At least the ambiguity is gone now. Speculation over. Let's move on.
$1.2 is too low $10 too high. It will be interesting to see where JBCT settle the remainder of today and tomorrow. Somewhere above 4-5 I suspect.
The MMs that pumped this from $2 to $10 in the 1-2 months have unwound their positions and making money on the way down shorting. Wow, what a market. They got it down to 1.21 today. I wonder what they will do next. Entertaining to watch
Volume again is strong. Even though DCTH is down now, volume is encouraging. I was hoping to see this start down today. A spike up and retreat would not have been good. Added shares below .06
Volume, volume , volume....EOD surge on volume!
Did everyone expect DCTH to shoot past .10 ?? Comeon, there are a lot of shares bought under .05 that were sold today AND MAXM is still not done.
No surprise today in the selloff after the pop open. DCTH will move up from current levels. Some resistance at .07, again at .08.
This was good news this morning and I expect it to be trading on technicals over the next few weeks. i.e. DCTH rises.
Umm, my screen shows maxm still there.
What is your guesstimate on the number of shares remaining from MAXM?
MAXM already shows in level II. Who will win today... Good News or dilution?
Well, yes and no. DCTH is in the hands of the MMs for the time being. Follow the money.
MAXM has moved up its ask to .10. I find the interesting. Since then, DCTH has moved up .005. Short covering may be imminent or in the process.
Watch DCTH closely
MAXM forced to move ask up. Is this the PUMA effect?
Puma has joined the party. I wonder if that is signalling short covering soon...
"A lot of times you will see PUMA on the high bid and rarely, if ever, on the ask. Then, there are times where you will see PUMA boxed in (on the high bid and the high ask) with a wide enough spread to “scalp” the in between as well as scare investors into selling to them on the bid.
What PUMA will be looking to accomplish is one of two things: either accumulating ahead of an anticipated public event, or a short covering before a possible move to the upside. Either way, this battle can last weeks and makes seeing them atop the bid/ask of a ticker one you will only want to enter into if it’s understood you could be there for awhile."
I meant Chemosat, not Chemostat....
Chemostat discussion please.... Ok, we've heard enough about R/S and dilution... talked about ad nauseum.
So what is the status of Chemostat? Does anyone have a recent update on that?
3 weeks ago, when DCTH was well over $1, a few here called for DCTH to go down to a nickel. What a great call. DCTH dipped below .06 today to around .057 for its low. It appears to be bouncing from that low. Time will tell. But good call for those who made it.
Typo in my previous post . Should be ".35 is resistance based on Friday's trading."
.35 is resistance based on Friady's trading.
Do people have automatic sell orders when a stock changes names? Not sure I understand the dump unless people are just uncomfortable with the name change. There are no new SEC filings, so this can't be looked as as anything but a great entry point.
Reversal was signaled at 2:40 when bid ask volume went nuts.
Bid/Ask volume dramatically increased below $1. 200,000 on both thw bid and ask
Ah, you are right. Not all financial sources have updated since the R/S.
Serious question...why is volume so low with so many outstanding shares? or are there not that many outstanding shares yet?
Serious question...why is volume so low with so many outstanding shares? or are there not that many outstanding shares yet?
When this moves up, it will move dramatically. We've seen it before with R/S stocks. Not saying it will be up for long. But it has a good run ahead of it. I'm in.
R/S for troubled stocks like Decalth always present swing trades. Not saying it will return to R/S price, but it would not surprise me in the least.
Not often I time a bottom right.But I may got DCTHD at the bottom today. The selling after the R/S was predictable. So is a recovery after 3 days
Yes I am in. If you have watched PEKN over the last week, you know PEKN moves quickly. This could be back to $2 in a heartbeat. The volume today is very encouraging.
Looks like Perkins recent land and lease purchases are about to payoff.
I was thinking about jumping in again, but the volume is uncompelling. I really expected more attention this morning. Nice move yesterday, but again, on low volume. Watching from the sidelines for now...
Hey Boston, I had one eye on $1 and one eye on profits. When RETC stalled, I sold at .25. But have been watching since for another entry point. So, not all posters have been greedy. 8*)
It seems the MMs that pumped from $1 to 2.60 brought it back down too. There is so much manipulation in the markets.
ummm, yep, you are right. I was reading the date like I wanted to see it (sept), not like it was. I should have known that they wouldn't release an 8-K on a Sunday. Sorry for the goof up and thanks for correcting.
The 8-K was on Sept 17th. Hence the drop this week.
Thx, Pennybuster
Cranmer on ST? please elaborate. not familiar. thx
Penny, not sure where it will go to be honest. I am not that smart. I just looked at the 8k, followed it for the last few days and now hoping it will fill the gap. Hoping for .45-.55.
From 8-K "Company shall issue to STVV, upon Closing of the Share Exchange Agreement, an aggregate of Forty-Five Million (45,000,000) shares of Company stock (“HOMR SHARES”), and as result of the Share Exchange Agreement, STVV shall become a wholly-owned subsidiary of the Company. The Share Exchange Agreement contains customary representations and warranties. As of the date hereof, the closing conditions have been satisfied and the parties consider the Share Exchange Agreement closed (the “Closing Date”).
Further, the Share Exchange Agreement contains a post-closing condition such that the Company’s majority shareholder shall, within 5 days of the Closing Date of the Share Exchange Agreement, cause the cancellation of 39,000,980 shares of its restricted common stock"
...Accordingly, immediately after the Closing, and upon the issuance of the HOMR Shares, the Company has a total of 75,819,000 shares of common stock issued and outstanding
Yes, the name change was announced on Sept 9th. Slightly old news.
The 8-K indicated that they were issuing 45,000,000 but then cancelling a previous 39,000,000. The 45M concerned some and MMs took it as low as they could. Now...gaps to fill!!
I can't blame you for taking a profit. I too bought at .045, but when I saw the steady volume and the strong bid/ask, I feel that there will be very strong follow through in the morning. The gap to fill is to large to ignore. The 45M shares are offset by the cancelling of 39,000,980. So, the addional 6M should not have caused this much concern at all.