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Bid support is much larger than the ask but it's a bit lower. The ask is seemingly paper thin but you know those MM's >,<
Typically me buying in at the height...got in at .0017 today. Nice close so we will see if this continues tomorrow.
Thanks I appreciate it. I made a nice profit but I kick myself for not making more. Can't win them all tho :] I will be watching this tomorrow for sure. AKAO closing very strong. GL :p
Got in and out during the morning on this one. Should have held as I sold out at 9.11. No idea it would be this powerful, should have lowered a stop loss and let it ride out. GLTA trading this one, could continue tomorrow, it looks very strong.
Looking weak and may stay that way until more news. Every time a few buys go through I see MM's shorting it, or what it seems to be. May add more shares soon before news comes out.
It's looking like there's a little more strength on the bid and buying side today after the initial drop this morning. Let's get a squeeze going on these MM's, let's go ihub peeps :]]]]]]
wow CDEL pulled a fast one. 2 buys at .0037 went through then 2 more buys at .0039 went through and it cleared the ask all the way to .004 so CDEL placed a sell/short at .0035. What a jerk.
We all know MM's are notorious for shorting penny stocks, let alone NITE who may be the worst culprit. I would love to have enough buying pressure on CHIT to make them short cover and squeeze it up.
With the updates on the lab soon to be released and/or shipping product out before year end should prop the stock back up. If that all fails we know when the MJ rush starts again it will lift CHIT up again. GLTA
holding out through red but atm it's hurting my account :[ I've lost so much that I am now long on CHIT :] GLTA
I personally think this needs short covering to really go upwards. If there's a lot of buying pressure Monday and it starts to rise upwards, it may force people to cover and start a squeeze.
http://otcshortreport.com/?index=CHIT&action=view
Was burned on the false rise early Friday but I did not sell out, so I will be holding this thing until it takes off. Be that next week or when MJ stocks run again. GLTA
Terrible time to dump shares as this company released positive news about removing most of its debt and is opening up a new lab. Those dumping will kick themselves in the near future. Call me crazy but i bet this thing is being naked shorted, like every other penny stock lol. When you win at penny stocks it's amazing but if you lose, the MM's really steal your soul.
Last line of defense seems to be .0033 and .0032, if that's broken it may shoot down more. It' been shorted and sold down so I don't think it'll pass those marks but who knows. Look for buys and slow rises in power hour. I am in deep red today but I am holding through it. We will see if that pays off.
Here's one source.
http://stockcharts.com/h-sc/ui?s=$BDI
I don't think any of us could really expect CHIT to have flown out the gate and continue its gains after a 200% day yesterday. It needed to consolidate and fill the gap before moving up. Weak hands are out. GLTA
That would be pretty awesome, I'll hop back in if I see it continues to fly.
No lol it's more like "I'll save money now because I know it's going to drop more." Who woulnd't buy back a stock at a cheaper price if you are playing it for the long term.....smh @ these people.
I think it'll cool down next week, the RSI is getting awfully high, but we shall see. I'll keep a close watch on it.
OTC stocks would be more fun if MM's didn't manipulate them. Things would really fly. CHIT probably being naked shorted as we speak and there's absolutely nothing we can do about it. Gap was just filled so hopefully we start to push up.
Sold out at 1.55 cause I thought RSI would begin to drop but this stock is for real lol. Could have doubled my money if I held through the dips. Proves that I was a weak hand. GLTA on the continued gains. WIll be keeping this stock on my radar for long term.
Don't let the shorts steal the momentum and force you to sell out. Consolidation here and possibly all of today. Keep your eyes on power hour. I believe the MM's and shorting heavily again today but if we all buy through it then they'll stop shorting for a bit and possibly cover some. Let's go ihub :] !
Got in today at .00685, not the best price at all but that's because I bought on the morning spike. I am seeing support at .0057 and .0053(been sitting on L2 for an hour or more). This ran up to .0279 during the recent MJ rush, it could possibly shoot up more. Height volume was 15m last month and in the past few days it's been around 100m. It's been shorted heavily according to otc short report(around 40%), which is probably what's been holding this back with the huge volume. If shorts cover then this thing will fly.....
Looking for this to bounce off $4.08. If it holds that then I believe it'll turn around and shorts will cover. Keep an eye on the baltic dry index, as it's being sold off and dropping atm.
Yes I personally got in at .88. I am thinking it'll run one or two more days. RSI is under 80 after today's close so it has room to move up further if it wants. Hit a high of 1.18 today which was right under its recent high of 1.20. So we will look for it to pass 1.20, as that's probably the main resistance. GLTA.
seems so dangerous to short here but as you can see many many many shares are being sold short atm.
Curious, where did you obtain those numbers? I see the o/s on ihub.
I wish so as I just bought back in. There's blocks and blocks at the ask each time DRYS moves up a bit. Immense shorting, it feels illegal to me >,<
Cool, good to know. Short volume % increased yesterday as well. It feels like DRYS has been naked shorted this past week as sell volume almost exceeds buy volume. I just can't believe that even through dilution, people would be completely selling out their shares at this low of price. By otcshortreport, the short volume has been around 20% for the last week but it honestly feels like there's way more shorting that 20% of the whole volume. I have been watching the L2 all this week and some last week and it just seems like there's a multitude of shares being sold, and I have to believe that more than 20% are shorts. There's immense selling pressure every time DRYS creeps up a few notches.
back into DRYS at 4.65 :] leggoooo short cover
how did you find out shorts were unavailable? I am curious.
The only problem at the current price and volume is that short volume has increased. DRYS has never gone under $4 and has done well to stay above $4.5. Either shorts plan to continue to squash this stock or there will be a huge amount of open short sales and little volume to cover. You know what that means, short squeeze. I don't know what will happen but we all know shorts need to cover eventually.
I try to keep it positive but also realistic. You will be safe my friend. Keep it rolling, GLTA(even to the shorts)
Thank you sir for the kind words. I would say that about you as it is more befitting. I believe in DRYS long term despite what everyone says. I am thinking hard about buying 1000 shares and sitting on them for awhile, as I know it will pay off. With shorters atm they might push it lower as to why I sold out yesterday for a better price this week. There will be a mass covering and once hedge funds and bigger institutions(some already have) find DRYS safe to invest in, they will push it up.
Sold out of DRYS yesterday and I am watching it, looking for re-entry. Shorts have increased their position in attempts to hold it down. I suppose I will wait until it closes above $5. It's too back and forth atm. Long play is for sure the best option so you don't fret about intra-day prices.
Longs should be fine here. Lots of activity now around this level. Bulls and bears have their thoughts on the matter trading per day, but months from now I see this over $4. Once dilution stops we will see where this really goes. I have to believe DRYS is being shorted heavily and also naked shorted. Options show more calls that puts in the coming months. I don't expect anything huge from this company right away but I don't see it going under 4$. Price predictions are around $8-10 and I think that's probably pretty close. I could see DRYS hitting $15-20 myself next year.
As long as DRYS holds above 4.75, it has a chance to keep pushing up. If it stays near 5$ and above then it can slowly work on making new channels. Seems the bears still have it under control tbh.
Was doing dishes and missed the 4.90 buy in mark :[
Think the real question is are we going to see short covering turn into a squeeze tomorrow.
I think there's a battle between shorters and those buying in before it takes off. Shorts have been winning today but I am willing to bet some bears are covering their shorts, afraid that the $5 mark might break and take off. Volume has been pretty low so I don't think we have seen a ton of covering but if it starts to creep up more and more on lower volume we may see bears switching sides.