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I’m pretty sure if oil spiked to $55 this would still be hovering between 1.40 and 1.60 because of the manipulation. Just can’t let it run. Entry after 1.75 is possible, but the bulls are getting tired of waiting.
Need that 124k bid support to hold. Wouldn't take much buying pressure to move this to 1.90+ based on the L2.
What's up wolf? Haven't seen you since that play on DNAI forever ago. Found this little gem with a scanner for doji reversals, and CLRB looks primed for the bounce after that gap down.
Nice doji reversal pattern yesterday. Are you taking profits now? I'm looking for more hesitation, looks like a strong run so far.
Did you find any shares to short? Wish I wasn't so tied up. This one will fall hard like all the other times before.
Might be a lost cause. I think we both saw the danger of this company's financing practices and tried to warn people, but it's hard to argue with people chasing lottery tickets with language like "hope" and "chance" being thrown out there.
I don't think anyone is disputing that the products were a bold attempt. Also, most everyone understands the funding concerns of otc companies, and that's why we mostly trade them quickly on visceral spikes. The fact is, sales didn't happen, the spike didn't happen, and the dilution drove it into the ground until the reverse split. If you actually helped program a product that had zero impact on the share price when it was released...then, congrats I guess. The pumping at this point probably won't work, but good luck.
Watching XBI get closer to that down-swing area.
Hoping that was a small correction pressured by overall market decline. Monday pre-market might shed some light. I'm still long on gold until at least until late October.
Haha. Great warning for me. I've definitely been hurt badly by JNUG and JDST in both directions. I'll be watching it.
I'm a little concerned the rate hike will be announced and people will keep abandoning gold for the dollar and bonds in the short-term.
Are you thinking a quick flip before the meeting on the 21st?
Glad you're back at it. Thanks for this one. With 17% short ratio and 18 days to cover, I'm definitely looking for that short squeeze near-term. We'll see what happens.
I can honestly say I have know idea. The quick drop in gold to 1318 overnight was met with a equally high spike up to 1326. GDXJ could easily jump to 46 or drop to 42 today, but I don't have the chart analysis experience to see the possible directions. I'm out of both of these until they establish a more definable swing pattern. I've been burned on these before.
Had to take profits from JNUG earlier. The two are all over the place, patterns aren't holding, and I might be out until the FOMC meeting causes a clear direction to happen. Of course, between Yellen and the other members shooting their mouths off, JDST and JNUG could keep bouncing all over the place for a bit.
Don't misunderstand. Cloud computing and hosting is the future of infotech; and Google, Amazon, GoGrid, and AT&T will get it there. If Gawk is a comparable investment, then give the nest egg to them, by a lottery ticket, and hope all day. GAWK is probably not on that aforementioned list because of the funding decisions by the leadership.
Long live toxic funding into oblivion.
Waited a little after your post and got a little more.
Just took my profit, and moving over to JNUG. Love playing the two against each other.
I got this. MacAfee sold his cyber security company to Intel for $7.6 billion, went crazy, then purchased MGT, and now uses it to try to buy other cyber security assets. MGT went up 700% when he became CEO, and then MGT tried to sue Intel because they were using MacAfee’s name (for a product they purchased.)
MGT deals with “cyber”, “security”, and “encryption,” and all three of those words are used by GAWK occasionally.
So there you have it, this company is obviously set for a 700% increase.
This is of course in in spite of the continuous dilution, convertible notes to pay the janitors and snack fund, and the soon coming 0006’s with RS (writing’s on the wall or 10Q).
Sorry for all the sarcasm, but I just don't know where the recent pumpers got their information. I got out of this a long time ago, but I needed to watch the destruction from a distance to learn as much as possible about toxic debt and manipulation through T-trades.
Big Papa had one of the best explanations for identifying market manipulators. I still go back and read it to refresh.
"VNDM is a known stock dilutor.
How To Spot Dilution
Once you learn how to use L2 dilution is very easy to spot. Always pay attention to who is on the ask. If it is just NITE or UBSS then most likely you won't see any manipulation. If you see PERT, VFIN, VERT or cosmetic MM's, know that they are the #1 diluters in the market. Cosmetic MM's are special MM's used by the company to help hide dilution from less learned traders. Some of them are PUNK, MERRI and VNDM. Sometimes it's easier to use them then the well known one's like VERT. If you are watching L2 and one of the diluters are there you will see massive volume on the ask but it will not UT on your stock, it's because they have a certain amount of shares to sell and will not move until they are gone.
You might think it's all buys but they are masked due to selling on the ask since they will come up green instead of red. Another thing here also is you can have millions bought on the ask and then it down ticks, posters will say MM manipulation but what is going on is it down ticked because the OS has gotten bigger due to VERT and others selling shares on the ask.
Here is a list of some of the more famous Market Makers (MM's)
Big Shorters: JIMK, POND, GNET or ARCA (anyone can use GNET, even other MMs because it's an ECN).
Wholesalers: ETRD, HRZG, MASH, NITE, SHWB, UBSS
Top Retail Dilutors: ACAP, AGIS, BAMM, BMIC, CHIG, CLYP, FANC, FRAN, JIMK, MAYF, MERRI, NATL, PERT, PUNK, SACM, UCAP, VERT, VFIN"
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68058244
Not a naked short sale...just more shares diluting what you bought.
There were 7,100 shares short, and now there's 69,500 shares short with zero days left in the cover period for a grand total of $83. I didn't see a strong close. All I saw was 20 million sold shares and 4.8 million purchased shares with a nice 15 million dump at the end. I'm not sure if the hype will pay off with this kind of share structure.
Thanks. This one did bounce well. I took profits at 4.55. It could definitely get higher. I just need to let things settle with my account before there's an opportunity on LABD again.
Great pre-market moves to really kick-off September.
I got out of this one a while ago because you identified the trend of convertible share dumping and I really like to cut losses early. (Thanks for that BTW) I still check in occasionally and have not seen a single factor change that would cause me to question my decision. I can't find a thing that counters this company's trend to triple 000's and a reverse split in its future. Do you see anything with the company to justify the recent "attention" by so many people here? I just see a lot of referencing old articles that the company sold shares into.
JV44, Are you loading up for the larger correction when the Fed makes a decision?
For me this morning sucked because market reaction to jobs data and the jobs data impact on Fed decisions seemed to make this whole thing go backwards.
I've watched a few decent companies get stuck in this spiral of funding operations. The bottom could easily be 0.0003, R/S to .1, then let the dumping continue.
Thanks for the heads-up on that. Found the article from 15 August.
Highlights I saw for Soros Fund
"put options on 4 million shares of the SPDR S&P 500 ETF Trust with a market value of $839 million at the end of June"
"240,000 shares of SPDR Gold Trust, an exchange-traded fund that tracks the price of gold. In the first quarter, his firm disclosed owning call options on 1.05 million shares in the ETF"
http://www.bloomberg.com/news/articles/2016-08-15/billionaire-george-soros-buys-stakes-in-liberty-broadband-rovi
I guess everyone is getting ready.
I think you are right on that. I've been watching these Bollinger Bands get really narrow in the last couple hours. I think you are right. Just need the market pressure to hold off so this can climb the right direction.
It looked like an established bottom on the 25th. Back in at 4.26 this morning.
Finally back in this one. The low may have finally hit.
Haha. FML if this bottoms out while my broker is transferring my account. I might miss the bus on this one.
That's awesome. You thinking that's the short-term bottom? I started to get frustrated when I missed my targets. Time for me to take a step back and watch until I get my head right again.
Had to pull out. Lookong for entry if this levels off. After listening to the webcast by the company, I can't wait to see the new direction for the company pay off.
Loving the upside bounce on this one after the sell off. Just hoping it last a couple days to rise above 5.3.
Don't want to get burned by settlement days and PDT rules.
Dumped before RS.
So, looking at the last trades it's kind of interesting. The restructuring agreement has been on most people's radars, and it's understood. Then, at 8:17 p.m., the almighty Bloomberg publishes the same synopsis of the restructuring agreement with the headline "Halcon Resources, U.S. Oil Explorer, Files for Bankruptcy." The form T sales immediately started pouring in. I can only assume this is another overreaction by the minimally informed that I'll have to wait out.
Wow...I was watching the last two days thinking it had to be more than the earnings anticipation or oil price fluctuation. Glad I made it through, and it's back to the original chart setup.
I kind of agree with your perspective. A lot of these penny companies are gambles. Some of them have great ideas, but they have to fund their great ideas with convertible notes. Or they have to sell additional shares into the float to cash out some of the value. It's kind of a race to see if full dilution or a successful product happens first. I trade volatility for short runs, but I understand the long-shot thinking.
That being said...VOIS was a gamble when they announced development of a brain-computer interface device. It was a gamble when they put out production timeline PRs. It was a gamble when they announced good test results. It was a gamble when they announced a product release. Each period in Mind Solution's history was a chance for investors to speculate on the future prices of the company.
Now the product is released, it does not work, the test results were BS, and no one is buying it. This company has proven their ability remove value from investors. The market cap dropped to $4,000 at one point. The reverse split was not that long ago, and people can't have that short of a memory. If it's still acceptable investment, I'm spending my lifesavings on a VOIS wishing well.
There are better companies using BCI. Some biotechs are using it to integrate handicapped people with their assistance devices. VOIS is not one of them.
June 9- ORPN said they were starting the phase 2b in the second half of 2016 for their trehalose IV solution. Need an update on the study. Even if they released a patient enrollment progress, it could help.
The quarterly should also report for period of oil going from $40 to $50 USD/pBbls.