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Thanks for explaining that Karl. So does that mean that the previous tweets about submitting documents to otc markets were incorrect, and that those documents were only just submitted on October 8th?
If that's the case could we be looking at another month or two wait since otc markets is notoriously backed up at this point? Thanks for your clarifications of all this.
Totally understandable and I feel the same. Honestly a little perplexed too at why he suddenly went silent. At this point I'm in no rush to catch this slowly falling knife. And loading in .006s again seems like an attractive prospect.
Good luck Dusty. I think having a trading plan and sticking to it is a very important factor in success in trading
What's funny?
You're welcome Dusty :) I think that sounds like a good plan. I personally will look to do the same when it falls into .006s Maybe mid .006s range would be a good balance between finding bottom and not waiting too long. But of course just depends on how much longer it goes with 0 updates.
Honest, non pumper answer? It will break down through .007 support soon at this rate. Then next support is mid .006s and it will keep bleeding out as long as it's quiet.
Remember though if you're still confident in your original DD and don't think anything has changed then patience is probly the better choice than selling at a loss at this point.
15/10 DD confirms $IBGR going to .10 shortly.
Seriously though it should be soon now. And with the small OS this really can run on volume.
Reveal your secrets to us redwagon
I don't know, I think we could see 125 again in October. With the new iphones/5G iphones, both their event and pre orders. Then earnings at the end of October. That alone should be enough for 120 at least.
Then if they pass a stimulus that'll be a major bullish catalyst for apple and the market overall
Yeah no one knows at this point. The longer it stays quiet, the lower it goes. Patience is not something otc traders are known for.
That would make sense. A lot of people shorted Friday afternoon expecting more red this week. But Friday was the reaction, president is getting better, and new iphones are coming next week. Also stimulus looks likely. Short squeeze.
My personal, conservative prediction is that as things progress and we get further updates the new support base will form around .10 after we have an explosive run upwards of .12 on the coming news. With the excellent OS here that's easily possible. $IBGR moves very quickly on volume.
Time frame, it's looking like this should occur within 2 months if not sooner.
Thank you for sharing StockHobit. It's great he's being so communicative and it's clear everything is moving ahead just as hoped. Looking forward to becoming $Dryworld
$IBGR
Does anyone know what time Steve and Nancy are meeting tomorrow to attempt to negotiate stimulus again?
Yes the low OS=super fast movement on volume.
It's funny how it often works that way isn't it? You try to chase another play only to end up worse off than if you'd simply done nothing at all. Happened to me.
Regarding the bid/ask spread: There are no doubt numerous traders aware of $IBGR but waiting for further updates to get in, like with any RM play.
But also specifically to $IBGR....no one knows about it. Zero twitter chatter. PR not widely dispersed etc. It's just legitimately still quite under the radar.
And those of us already here? Most of us are already all loaded up I think.
:) $IBGR$
It's performing beautifully with low volume and a wide bid/ask spread, incredibly bullish trading this week imo.
When the news comes and we get massive volume it will explode upwards and we won't see these prices again.
$IBGR
If the stimulus package is rejected the market will definitley tank. The main reason it was so green Friday and Monday were the renewed stimulus talks. If they fail again it'll be a bloodbath marketwide.
I wouldn't be surprised if they failed again 1 more time then renegotiated shortly after perhaps.
Yeah basically 0 chatter on twitter about it. Which is a great sign. Means all the volume and price increase so far is just a slow stable build up from people lucky enough to find it so early.
Once the news drops and is widely dispersed that's when all the twitter traders and pumpers will FOMO in.
I think once that happens it will skyrocket and then build a new support base around .10 going forward from there.
$IBGR
That's a good thing :) Barely ever any mentions on twitter. Means once the news comes there will be massive FOMO with traders piling in.
And with the excellent OS here it doesn't take much volume to move it up either.
Haha that's very kind of you but no worries I'm just kidding. I'm happy for you that you'll be so successful here :)
I've had some unfortunate setbacks recently so I'm counting on this one to recover my progress even though I sadly don't have millions of shares.
Please stop mentioning your 10 million shares I can't handle the jealousy- you're going to make millions here :p
Yeah that's a good analysis, that's how they work it; create sell pressure at a key level like .03 to give it the resistance to drive price back down.
Then reload to flip again. And in the meantime until news they can get away with it. Once the news drops though they'll have to scramble to not get left behind.
$IBGR
With multiple massive positive catalysts coming in the near future, flipping for minor profit is very risky because you're right; it's primed and ready for a breakout and once it gets going we won't be seeing .02s or .03s again.
$IBGR
I know right? Here I was thinking "mhmm yes I'm gonna get some .014s or .015s soon and it's gonna be glorious"
-_-
Those would've been nice to own when $IBGR is at .10+
Ticker/name change and filings, PR about operations and sales resuming.
Ceo said "More on the way" :) $IBGR
Yeah we'll see :)
No that's not the one I was referring to.
But still a trillion more than they wanted and I believe also more than the compromise bill submitted a bit ago.
Why would they? The problem solver group of Democrats and Republicans already submitted a revised bill that the Democrats rejected. And now they expect the Senate to agree to 2.4 trillion?
Anything is possible but that seems highly unlikely.
Thank you for sharing your thoughts and I also wish you the best luck :) You're right, it's so volatile and the market is irrational so who knows.
Agree; the eod sell off did reject with decent strength. I will say though that the weekly trend is still bearish even with the green day today. The close wasn't strong enough to overturn that descent.
As you said tomorrow will tell whether a bullish trend can reestablish or if it will go full bear as I suspect. We will have to wait and see.
Actually I think that was a bearish close. Failed to reclaim 110. Lost 109. And barely closed above 108.
Yesterday was incredibly red, so we needed a bullish rebound again today. But compare this rebound to earlier in the week? It was weaker and failed to go as high.
2nd bounce being weaker than the first is bearish. Predicting big red tomorrow.
Just did the same except back up. It's wild
This also explains why they have only put out PR on otc markets instead of widely dispersing it; they're just doing it to keep us updated, not wanting to spread awareness until they're ready. $IBGR
Yes, the bullish bounce today I expected. Although it sustained throughout the day notably better than I thought it would.
But the failure at 110 is key and maintains the downtrend. I think tomorrow will be very red.
Fair enough. We'll see :) The bounce this morning has sustained better than I expected for sure. Especially while the apple news has just been negative with more developers joining the fight against their app store policies/fees.
We'll see if the bullish volume can sustain these levels or it plummets again.
Absolutely not. The downtrend is still intact. In fact I think it's going to crash again after this morning rally.
I believe it will retest 103 and then we will see if it holds a second time or falls through and we gap fill in mid 90s.
Can you elaborate on what you mean by macro picture?
Yeah I think this is a morning bull trap rally before going red again, but we'll see.