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APS is awesome penny stocks.
Idk who it is but they have been shorting for a while now. I mean it’s an OTC stock that is in the red every quarter. It isn’t a huge leap to say, hey I’m gonna short this one until they prove me wrong. There’s enough shares where there isn’t a lot of danger for them. Even though the average volume is 18k and the days to cover is 27, there are a few 145k average months in the previous year so they can bail relatively easily... the float is like 400 million.
Really the bottom line is they need to make some money
This is heavily shorted. We need a big fish to come and make a splash and unleash a frenzy.
Chart seems to be setting up for another run going off the MACD and seeing how it ran the last two times but we are starting lower. Could run soon. Should be fun. Don’t hold the bag when the music stops. It’ll drop 50 percent again too
This one keeps going down for a reason. Shares Outstanding- 12/31/16 848 million, 12/31/17 2.1 billion, 7/31/2018 2.95 billion with 57 billion shares in convertible notes.
Don’t take my word for it. Read the disclosure from July.
I liked this company and the CEO but the dilution is out of control. And spending 20% of profits, of which there are none, to buy back stock is laughable when there are 57 billion convertible shares on the books already. They are worth about 1 million dollars per their fins. And the dumping I’ve been seeing seems to coincide with one of their investors who had their restriction on selling lifted as of Aug tenth. Expect more of the same moving forward. There are a lot more shares coming available over the next year. Read the disclosures.
Bring on the hate.
Should I go ahead and place my order for 1 millions shares at .0001?
We have resistance at .05 and if we report losses we probably test the 200 MA at around .03 but should get a rebound this fall. I might buy the dips but I’m more heavily weighted in this stock than I am comfortable with on any OTC. It has done a great job building support from where it was in Jan of this year but we have a long way to go before we hit a big spike in the fall MJ run.
if someone is trying to buy this company, the stock could explode. This is straight from the FINRA website. Could make all these shorts start scrambling to buy and cover, but they wont be able to because their short position will take 27 days to cover from 7/31 and i am willing to bet a lot of that is still shorted. Dont take my word for it...
http://otce.finra.org/ESI
Leveling down every single day. I think the floor is about to fall out of this one $IMTV
We will be at the .0003 200 day floor soon. The only question is do you want to hold and wait for the next spike to sell or recoup your losses trading this one intraday? Both options at this point aren’t great but you should be able to swing this and get back 10 percent at a time if you’re lucky.
This one has either heavily shorted or someone is dumping those 600 million shares that weren’t supposed to sell under .004 neither option is good for the bag holders like myself.
We need a price spike and this one goes big time. As of 7/31 the short interest has 27 days to cover. This one could squeeze big time.
Next year this one is going kaaboooooooom! Currently three shows committed to them. One next month, one in March and another TBD. If they can make a half mil per show (low estimate) their cap should be over ten million. I know that’s 6-7 times revs but you make fat margins in this business. And they are getting into annual festivals. That’s like a base pay. Take this example, in Manchester TN there is a gas station that makes 100,000 every year selling ice during the week of bonaroo. I know that is not the same thing I’m just talking about the crazy amount of money flowing through festivals
Unfortunately this one got pumped by awesome penny stocks which means we get a spike and the people running that site and some other websites usually short it after they take profits. This is all conjecture but I see a pattern.
Hope we close over .0008 if we fall to .0007 or lower we don’t have support until .0003 and if that happens I’m loading up big time. If we stay at .0009 or higher I’ll buy more next week. If we go to to .0003 I’m buying a million shares for 300 bucks and wait for the spike that will inevitably come because they are making money. I kinda hope we do drop to .0003 it’ll hurt short term but I’ll get to load up and a ridiculous discount. $IMTV
How is $IMTV trading at the same price as $BGFT? Crazy world we live in. Also, usually I’m not the “loading up now” guy but I’m loading up now. Floor is .0007 and we should bounce if they time it right with news/revs/buyback. If not we maybe keep falling.
I put in a bid at 0008... I’m worried I went too high
Still dumping....
When I compare this stock with other OTC’s with similar cap and NO REVENUES I really don’t understand how the PPS keeps falling to lower levels than some of these companies that are total garbage and have a stop sign by their name but for some reason they trade at .005 and we can’t break through .003
Which is why I’m not selling. Something is rotten in Denmark and I don’t think it’s $IMTV
Disagree if you want. Sell off if you want. I have my money where my mouth is and if I’m wrong it won’t be the first time or the last. But I don’t think I am. Also, the upside is crazy on this one and the CEO seems to know what he’s doing which is why I got into this one 8 or 9 months ago.
Today was painful after all the good news this weekend and we get a market wide trouncing.
This one makes me laugh. I bought a very small amount and this one could def be a pump and dump but hey, that’s half the fun. If you want a sure return buy a 1 month treasury note.
Fish,
Here is the chart.
insert-text-here
Fish- I was referring to you asking for a chart I was already making one. And don’t think me for the TA I wouldn’t know my butt from a hole in the ground but the mortgage company I work for gets us all a MBS Highway account and they use these techniques to predict mortgage rates and it’s all basically the same as far as basic TA. It doesn’t take much to apply to stocks. Look back at when the 10 year spiked in April. It hit the 3.04 resistance level and tumbled for a few weeks. It broke it eventually but MBS called it as a float on rates when everyone else was freaking out and since then I’m a TA believer.
Weird fish I just was doing that lol
I don’t have a premium account so look this up on your own. But just look at a chart with the 20 SMA and add the PMO (c,35,20,10) and see look at the crossover last time we hit a spike. We just crossed over and we have a huge event coming. Buckle up. $IMTV
Seeing the formation of a beautiful chart. A few weeks ago I was worried this would go parabolic and crash. I’m loving the new lows and our 50, 90 and 200 SMAs will give us a ton more security in pricing considering this is a sub penny and looking back on the spike last year. Good stuff. The technicals are continuously improving. $IMTV
Senderos - it’s a fin disclosure but I don’t trust anything whole heartedly from OTCmarkets as a general rule of thumb. They are not non-partial. They are in the game with you.
Weirdfish- I hope so lol. I’m in this one for the long haul. My whole portfolio is down today. But not $IMTV the hype is real. The money is real. And there is a ton to be made in this space which isn’t ran by the most professional people. In my opinion.
McKinley- those fins are fugly but we all know you can’t make money with no product to sell. We should look at this as a pre-revenue company. It’s not, but it is at the same time. They changed directions out of a bad place with a generic product in a crowded space and took the risk to pivot and were smart enough to take advantage of the laws regarding older OTCs and leveraged that to finance what is essentially a new company, albeit with a lot of baggage from earlier biz decisions.
I got into pennies randomly and got into this one almost on accident. I was just reinvesting a bunch gains I didn’t expect to get. Had no clue what I was doing. I just liked what I heard about the CEO. That was in Jan. Now I’m realizing how special of an opportunity this is. I can’t find anything with the set up this had back then or even now. $IMTV is still a great opportunity to get in early. The CEO knows how to put on an event and this could go be a lottery ticket. And I have a track record of dumb luck.
Stock guard,
I get it and it sounds good but the rest of my cannabis portfolio is up over 100% this year except this and HMLSF and those are way down. I’m just saying I would’ve done better investing on my own. I probably could’ve done better picking randomly out of a hat.
I don’t get it either. The losses are always more than the individual stocks they own and the gains are always less. I have MJ and HMLSF and the second I can get my money back they are gone.
Mike- I really don’t know. All the Mary Jane etfs seem to do nothing but go down.
I only checked this stock once this morning. That’s how confident I am in $IMTV
Not worried. I’m basing that entirely on the CEO. This was a crap sandwich for years until he took over now he is cutting deals with artists and companies that are honestly out of their league or were out of their league before. They are making a name and producing revenue. $IMTV
Either you think they will make money one day or you shouldn’t own this one just trade it. I think they can make money doing this. Maybe I’m wrong but begging for PR and pretending a 20 or even 50% drop is the apocalypse in a company with no revenue is daft. This is pure speculation at this point. Deal with it.
$LVVV
Up five percent premarket ???????????????? $MJ
What is going on with this one today? $hmlsf $mj
Thanks Van!
I just found this website researching OTC stocks. I never bought penny stocks before. I just bought some alphira and aurora last November because I wanted some weed stocks with an old fidelity rollover account and that got me going.
New to the iHub but I’ve been holding $imtv since Jan.
Can’t wait to ride $imtv and $lvvv to the moon!