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fake bids for the last two trading days, nothing over 50k has been real. Phase 2 results are good but a long ways to go until FDA approval. This will start to sink next week back down to 4, then maybe into the 3's, lower if it's unlucky.
annoying how this P n D is being propped up. it's all games. This company is probably paying someone to keep it up until they can come out with their public offering, which they really need to survive. All BS to me....
Typical pump and dump from my perspective. Look at what NAKD did on merger news about a month ago. It went up super high for one day and came back down. It held its gains for a few days then slowly bled back down and filled the gap from which it came from. Now since this is the second batch of bullish news in the same month, the base NAKD might form could be higher, around 1.50-2.00$. But once the buying pressure has left, day traders gone, there will be hardly any volume and it'll most likely sink until Feb 10. Now I could be wrong and there could be institutions keeping this afloat because of the merger but they didn't do that last month on the merger news so I think it'll continue to sink down until the merger becomes official.
In at .0065 after the recent contract. Hoping for modest movement upwards.
what broker are you using because etrade wouldn't let me short it... :[
this might tear it up until New Year's, good luck to all. Might add some shares to my portfolio myself :]
Not able to short this stock....idk what that means but I am guessing it will only help it go up
Best stock run I have seen lately. Sold out way too early, didn't think it would go much past 2$. Boy was I wrong. Now that it's inflated so high I may try to short it but it seems unbeatable atm.
I love the positive energy on this board, but every time this week I have seen someone say CHIT is about to go up, it drops more and is shorted more. We need news to head back north again.
This stock is dragging my account down, it really only could sustain a rise for 2 days. Kind of a shame. Hopefully more news comes out soon and it'll get rolling. The next MJ rush should also bring this up. Holding penny stocks is painful when there's no news....
Still holding strong over $3, waiting for a short squeeze. Everyone knows this stock just released very bullish news, and although it did go up over 50%, people have been shorts take full control of it. But it's still up higher than before the news! That says a lot! We know shorts cannot last forever. Check out VCEL during its run in March, it's almost identical to its run now. Shorts are pushing this down as much as they can and then will cover and it'll run up for a week or two.
Jumped back into DRYS at $4.18. Amazing day for all shippers tbh. I don't want bulls to get over their heads though because dilution has decreased the chances of this going back to $100. There's so many shares out there, shorts can go wild with power. That's what they've been doing the last few weeks. A realistic goal for me is $8-10 which is a solid double. Obviously I will be happy with more but I don't want optimism to blind me.
That's really the main problem with OTC stocks. MM's grip is always in full force. They can trick players into making any move. They control it. Usually penny stocks are shorted to dust, back from which they emerge. It takes real momentum to keep a penny stock up. If there's no news or buying pressure, it'll most likely drift back down to the depths. I am always cautious with penny stock now because I am at the mercy of these Market Makers(Soul Suckers) when I buy into the OTC. I was once enthralled by the gains of the OTC but now I realize it's a game of hot potato and bag holders are typically burned in scores.
You'll have a merry xmas if you hold it, shorts are scaring people out of shares, while smart people like me and you are holding longer term. This should run this week.
keep it up :] good buy in, GL to you my friend.
Got in at $4.05 and I am holding because there's no way this can be down for long. Shorts had their game for an hour or so, now it's bulls time.
It's actually unbelievable how people are shorting at 3.85 and 3.9....This baffles me, they surely are just playing a fear game. This stock is going to fly once the shorters are done being stubborn...
This thing is so up and down. It probably won't move much past .005 until news or the MJ rush starts again. I am long.
Yeah as soon as I sent that message it dropped from 4.20 to 3.9 lol. Sellers are pretty strong today, it's quite the battle on the L2, both the bid and ask are HUGE. Trading range seems to be 3.85-4.3 so until we break out of that it'll be a battle.
To me there's been so much selling and profit taking, once this thing is steadily above 4$ you would think buyers would swoop back in after seeing how strong it is. The bid seems to be much bigger than the ask at any given time.
Profit takers are out I think and this will slowly take off with a buy in later in the day.
Large short % today, near 40%....wonder if some have already covered already. We could see a squeeze help the price continue forward. Over 8m shares shorted today which is basically half the float...This to me seems like a dangerously high short % for a company that released very bullish news. In their most recent 10Q, page 15, I have their long term convertible notes at $19,853. That wouldn't convert to very many shares so I believe this company is safe from dilution. Please someone correct me if I am wrong.
short interest here - http://otcshortreport.com/?index=IDDR&action=view
Well good to know, I'll keep my eye open for the actual 10k. I am going to see if I can find out just how much convertible debt remains for CHIT.
So what you're saying is that no debt can be converted until the company releases their 10k?
I want whatever this stock is on....
Yeah for sure this should give it room to run for multiple days.
I bought 50k shares today but if this looks strong tomorrow I may add more.
Good work, nice article. Keep it up !
I see the float as 17.78m but pretty close ! We will see how many people are holding or if day traders are flipping. Either way I think it'll run and a large number of people are buying and holding at this point.
Big boys starting to buy shares up.
Should have done more research and found this in the morning but oh well I am in at .045 this should run for a few days I think, big news on contract. GLTA
Looking good so far today, we will see what happens after lunch and during the power hour. I am personally long and probably won't sell under a penny.
I'm holding out until 14 which is break even for me. Every dip is being bought up as you can see by the tails on the red candles. AKAO feels very strong, looking for third HOD soon. GLTA
in at 14 today as I bought in before the gap was filled, stupid me >,< holding for a rise
Any sort of positive news on labs, collabs, projects, etc. for this company and it should take off way past a penny. GLTA.
RSI has been well over 80 for 7 days lol this thing is a monster...
Welp with the dilution out of the way, and most of the debt in the owner's hands, DRYS is now free of major questions. Wonder if DRYS raised 100m in the offering to pay back the owner who took on like 85m of debt...If so he may have done it at the stock holder's sacrifice. Will be tracking this all the time to see where it's going. Keeping my eye on the dry baltic index as well. I am still picking this as a good long term stock, as well as JP Morgan is. That doesn't really make me buy/sell it anymore than I would but it helps a little.
agreed my friend, in time the company's aspirations will come to life and so will the stock price. This will run with MJ stocks this spring.
I mean both aren't terrible prices if ONCI moves upwards. GL my friend.
MM's going to have to cover soon before this rips through their shorts...