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I have been in this since Oct and each new higher level of support has traded like this. Flippers fade, support is solidified and OWCP coils for the next jump.
Edited: After playing with the 50 and 200ma interval it become readily apparent
a. I can make the data fit whatever perception I choose (like a politician)
b. The videos no longer have relevance to me sadly.
Makes you wonder wth Thomas Edison was thinking huh?
Uh Oh shorty...
You played a 50k hand and a 61k hand at close and it doesn't look like it worked too well....
About to fry....
Perhaps but I view this much differently.
This thing channeled .04s in Oct, .10 in Nov/Dec, .17 for a week or two end of Dec, .6s Jan/Feb.... you get the picture.
Now we are consolidating and channeling in the 1.3-1.4s. The stair steps are there as MMs shake big holders who boughts 100,000s or millions in .00X
This all started on cleaning up books, distribution contracts and FDA trials. That has not changed and the valuation of successful product sells and being a biotech put this WAY above $10 minimum if/when DD is confirmed.
As the float tightens volatility will increase. Furthermore shorting at $3 to $1.25 is much more attactive than a .20 stock. Shorts will play their game until the hammer drops.
Meanwhile higher peak levels are softening up the 52 week and higher support levels keep getting established.
IMO
I disagree for multiple reasons. Short attacks occurred heavily in mornings on light volume, bringing pricing down to levels to induce panic selling either to lock in big gains or mitigate losses. Volume didn't start picking up on sales until a 15-20% drop was hit.
Contrary to a lot of the bloviation, longs didn't have fresh powder available and deep pocket vets won't jump in on a red day after such a steep run. They are waiting for oversold rsi data and thresholds being breeched.
Those short volumes equal 1 days volume on light days and 30-50 on moderate volume days so they are not insignificant or useless in directing a price downward.
The foundation that brought me here has not changed, I am still up 1300% above where I bought and I have averaged up because I like this hedge.
But make no mistake, the shorts played this like a fiddle banking on no news during the conference and the anticipation prior.
And all it will take is a good clinical report and/or international sales and the shorts will get smoked if they still have positions.
I am playing more long term, shorts are in the moment. Daytradders are stuck atm.
Agreed! This is just shorting and shorts have momentum atm. I am just setting back and increasing my position.
This push down has been enough to get some buddies in at bargain prices. End game nothing has changed that brought me here.
ROFL on a short attack and give shorties an extra .50?
Nah, time to move that Texas oil money over and spike the football. Better cover
Nah, just shorty attacks. They had to close out by tomorrow.
I am interested in why directors suddenly acquired millions of common shares while they are in acquisition negotiations.
I don't how much more obvious the indicators have to be that something beneficial is coming to people who own common stock.
Mind you this coincides directly with pricing increases. There are manipulators and there are sleuths. The information is there to confirm the sleuths so the end game seems pretty promising.
There will always be manipulators operating between.
No one will know the numbers for 2-3 weeks. I watched about 400k this morning before I stepped away. A ton went across during that raid.
Regardless, shorts are in a wonderfully bad position now.
#passthepopcorn
I had to sell a small portion of my shares last Friday which really hurt... but when I saw some usual suspects show up and the trading pattern yesterday I sold high and bought back in.
Never thought I would make those shares back up... now I am almost double.
Whew!
Oh and I am up almost 6 figures on that difference so /golfclap to the POS manipulators.
I will sell a few shares and buy toilet paper for the shorts and tissue for those who sold early.
And magnets to keep those steel balls from bruising the thighs of those who held....
By the time the hard numbers on revenue come out this stock will be at $10 minimum.
You either believe in the company model and leadership and buy at rock bottom prices our you can buy for dividends later.
I chose both and it looks to be paying off handsomely.
If this breaks $1 it is gone like a rocket upward. A whole new type of funds enter the picture imo.
Massive buys coming in. Is there come DD confirmation news out somewhere I haven't seen yet?
He better be wiping out the rest of the resticted debt. That is $100k taken of the boards between Friday and today.
MMs gonna gap this to .032 imo
If I recall they did this last time it broke .03 and the price jumped from .0299 to .0315
I did my own DD almost 1 year ago to the date. No info, PRs or any documentation could be found where Kay stated no reverse splits and then proceeded to.
Until you provide me with documented proof, your statement must be considered false.
Provide me with proof and I will acknowledge as such.
I would like to see proof of Kay stating no reverse splits in the past and then doing it.
I looked long ago and never found any articles supporting your statement.
Or another train of thought.
Shorties trying to cover as low as possible but can't get longs to part with shares. Supply and demand 101
Granted I never understood shorting pennies but I look at the FINRA reports and it does in fact happen.
-7% on only 162k... ROFL
Yeah MMs, not getting my shares. Now let's us see if you will fill some buys.
The Rest of the Story
It doesn't take a great deal of logic or investigative skill to determine the reasoning behind the reverse splits.
The majority of stinky pinkys fund their business through reverse splits as they are scams. They sell shares to generate income to fund lavish lifestyles. Everything from power drinks to Diamond Mines in Canada. Constant PRs generating hype with charismatic con artists.
SFOR generated NO REVENUE AS THEIR PATENTS WERE STOLEN. PERIOD! TO DISPUTE THIS IS MORONIC.
Unlike scam artist diluting to fund a lifestyle, SFOR sold toxic notes in a last ditch effort to save their company and protect their patents. The investors who went through those splits paid the attorneys who fought on their behalf.
SFOR WON
FURTHERMORE, if the last jerk toxic note holder had accepted full payment, plus penalties and interest, like the others after the MSFT settlement, the OS would have been 193 million instead of 2.2 billion.
SFOR doesn't put out fluff PRs playing with the emotions of its investors. In fact, a case could be made they aren't forthcoming enough.
Kay IS NOT a charismatic guy. He is about as monotone, unassuming and boring of a CEO as I have seen. Their salary is also laughable. I can get him more money than that pipe fitting in Texas.
SFOR is on the shelves. Go to local stores and look. I don't have time to coddle and do someone's DD.
Just because SFOR won one suit doesn't mean the fight is over. Phonefactor was just one of a GREAT MANY stealing the patents. Suits will go on until industry starts to realize the products they bought were stolen and they better get them from the owner if they want to keep using them.
No one knows the future but if the history is going to be used as a model, make sure you understand the history.
Looks like it
BAUHAHAHA YEAH SURE. Microsoft had just paid 1/2 a BILLION dollars or better for what amounted to a pilfered product for Azure.
Fortunately for MSFT, SFOR was in such fiscal peril they got off super cheap. Not the case anymore.
Trump meeting with big Pharma wants to expedite drugs to market, reduce regulatory burden and time, etc.
Good news for companies like OWCP who are in the testing phase of development IMO.
Not trying to get political, just noting changes in the business environment OWCP is working in.
ALMOST doubled my positions in OWCP and a wine stock that both got attacked at the same time at about the same levels... interesting.
Neither fundamentals have changed. It looks to me like a preemptive load prior to expected great news. Feel sorry for those who lost their shares today.
I have seen this too many times. This isn't beer money we are talking about here.
Sorry, the coffee gets me every time.
Whiskey guy myself but everyone likes the sweet stuff. If they are buying it, I'll buy shares of the producer.
Follow the $$ and set your preferences aside. Additionally if the spokeswoman walked into a room of "Gen X and Gen Y" I am absolutely confident ALL heads would be turning.
ICNB is 100% BUY
OWCP should be due for some news given the past frequency of updates IMO.
I'll take the last 3 days of gains followed by a day of heavy churning while maintaining levels any day.
Tuesday is making my Friday look even better!
I can't think of a large, successful business that doesn't have lines of credit for practically every supplier they have.
Some don't even pay their tabs but quarterly. GASP!!
If your being extended lines of credit by suppliers then they trust your business much like a signature loan at a bank.
Seriously man
OKAY OKAY I'll say it... had to fill the gap from opening ROFL.
Truth though, this has silver written all over it and much quicker than I anticipated. Flippers gonna flip and they enjoyed 100% returns in 2 days if they got in early Friday.
Longs seem to have locked the float up to .02 but if someone blinks and lets it fall to .015 I'll be doubling my position quickly.
No dilution, product flying off the shelves, timeless beauty for a free spokeswoman... yeah count me in 100%
#ICNB
A true gift to pick up more shares at these low levels. I truly didn't expect to get more in the .6s at all.
$2 million worth of stock has moved into new hands looking for the next rise as some taken profits, which is understandable.
MMs are very carefully above 50ma as not to kill mojo but allow profit takers to make their $$ and solidifying the base for the new push. Previous push already thinned out some $1ish target sellers.
All in all, awesome consolidation day!
Shorties better have started @ .95 and go ahead and cash in. You short now and you will be toast by Friday. Expect $1 no later than then. IMO
#OWCP
I know huh? I am so angry at the amount of taxes this thing is going to cost me!
Need to weed out some flippers to push through $1. Churn this batch and set a higher base.
Heavy in both.... fun times 2017