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Lmao WIN was halted for nearly a year with T12.
Diluted pig will go to trips very soon.
Great week! Next week could finally break down through the 200D sma and break the descending triangle. Finished the week lower than the previous one. Almost no bid support and massive asks on L2.
First LOI didn't cause any reaction from the market as expected, because its fluff, it was not even acquired by RELI. Next LOIs (if they happen) will cause the same reaction, if not -25 -30% red day.
Facts baby!
Yet another red day :) Satisfying
RELI = Martin Shkreli
Almost there. I posted this, when ETFM was a 0.003 haha
So, the first LOI is closed and the stock price is RED lol.
Doesn't go past $0.40, doesn't go past $1 or any other nonsense. It dumps, because the LOI was acquired by (!)another company.
DESCENDING TRIANGLE is still in the works, it fails to break up, 200d sma is barely holding. Can't wait to see what happens next in this show hahaha
2 of 3 towers of Riverfront Towers in default; Fannie Mae seeks receiver, points to safety concerns
The suit was filed against a pair of real estate investment firms based in Montvale, N.J. The ownership group is Empirian at Riverfront LLC, a subsidiary of Empire American Holdings LLC, and Aintsar Riverfront LLC, a subsidiary of Aintsar Realty Corp.
Ezra Beyman and Mayer Steg are named as principals of the groups. Neither returned phone messages left today by Crain's.
Ezra Beyman is a stealer and fraudster!
https://www.crainsdetroit.com/article/20110926/FREE/110929920/2-of-3-towers-of-riverfront-towers-in-default-fannie-mae-seeks
1:151 Buy/Sell Ratio, continuous dump fest never stops hahaha. It's getting tight between the 200d sma at 0.14 and Downtrend Line from 52 w high at 0.16. In fact, with this selling pressure and 0 buy interest this very fest break the DESCENDING TRIANGLE down (if no substantial news are out).
Also, recent rejection from 0.20s (which I also called perfectly, as usual) looks like a bear pole and flag forming now.
CEO needs to release REAL news ASAP, or the chart is going down =)
It's getting tight :) Coincidence what level it bounced off and where it has stopped? Descending triangle is still in play and if 200 d SMA fails on a heavy volume or with an absence of the bid (it's a low float, so it moves faster down than up) then triangle will break down.
Cup and Handle already failed last week, now it's time for a descending triangle to break down and establish a new support in the 0.08-0.09 range.
P.S. Short only on a heavy volume and only on a break of 0.12. Light volume might undercut by a half cent and MMs could create a bear trap, same as they did with the bull trap last week in the 0.20-0.21 range. Same goes in a different direction, only load if there is high bull volume and if 0.21-24 resistance breaks. Cheers!
As easy as it gets. Perfect call, watch it dump slowly but steadily to 0.1.
See, when "dip" buyers get exhausted and in 2-3 months hype about a patent will disappear, this will have very little volume and will trade in 0.07-0.11 range. This will only see 0.90-0.95 area in a case of Reverse Split. Period.
Another post of reality for the traders. If you were planning on buying 0.12s I have bad news for you.
The mentor that was teaching me back in the day taught me one important thing. Never try to predict the future; any price targets don't mean anything, any fundaments can be buried over night or could multiply in value. Don't predict or listen to anyone that tries to, they are most likely losing money; but rather react to the price movements/changes. React and adapt.
So there are 2 realistic scenarios for RELI. No $1+ price targets, no $10b market cap valuations, no dividends or any other sort of garbage.
1) RELI COULD test 0.12, but I advice you to stay away if it does. It is in a giant descending triangle, which in 80-85% of scenarios breaks to the downside. The company has 2-3 weeks to change the course of things before it breaks down, but as seen by the previous fluff actions that will unlikely to happen.
2) There is a bullish scenario also, but it will be a lot harder to move the price to the upside given the amount of work ahead. Also, in a bullish scenario it is unlikely that it will test 0.12s. The bounce might already be happening. See how the 200D SMA was the resistance and now held as a support on multiple occasions? It already bounced from there on Thursday, but it could easily dance there for days like in the end of February.
So just watch and react. Breaks down the descending triangle? Short this post to death. Bounces and breaks downtrend resistance, 0.21, 0.24 resistances? Ride it to the upside. Don't worry, you won't be chasing. This needs 5-10mil volume to move it past 0.24, there will be tons of sellers, you'll get your shares. Cheers!
Yet another perfect call. Watch it dump. Easy peasy.
Congrats shorts! This was an easiest play out there! Continuous dumping never stops.
-16% on the day. Handle broken as expected. EMA financials banking big times haha
CEO lights the fuse, farts and blows up with the whole fake company he created hahahahaha
190k bid is destroyed. Ran the price right into resistance and put it back down.
hahahaha
Called it perfectly. Don't sleep on this and don't hold for too much.
Lmao, that's a nonsense. Company certainly can dilute with a stop sign.
BEWARE:
Another dilutive pump and dump pos. Will soon be in the triples.
What happened?) Uhh that hurts.
No, that's not true. You were on a bid, so someone dumped/sold their shares on you, which decreases the stock price. That's a sell.
And vice versa, when one buys on the ask, it influences the stock price in a positive way and it increases. Simple as that, you chose the wrong audience for manipulating the statements.
49700 shares sold, 700(!) shares bought. 1:71 buy/sell ratio.
Obviously, no sensible long term investor will ever buy into a stinky pos scam stock that has a big fat stop sign, non-SEC compliant and has unaudited financials.
Why does it take a legit(hahaha) company 5 months to audit financials and regain SEC-compliance with a mega super not playing around executing CEO? Because RELI is a fluff, a shell for money laundering for Beyman and his friends.
I bet he laughs with Blumenfrucht when they make up those PRs and LOIs, while using RELI for tax dodging purposes hahaha
Lost 90% of its value hahaha what a dump fest. Just another otc scam.
So the big news hit the wire and guess what. THE STOCK PRICE IS DOWN -11.56%
Another fluff LOI signed that will never be executed, another Buy support (0.13) - Sell resistance (0.21) opportunity is coming. The 200k+ ask is going lower and lower. Like a clockwork. Rinse, Repeat.
Ezra Beyman, you are the best CEO ever!! Truly a gem! Brick by brick you are artificially pumped the price and now giving us traders the opportunity to flip it so many times!! Just need to be careful when the price dumps below the 0.13 support and establishes a new one in the 0.07 range.
BIG NEWS ARE COMING ANY DAY hahahaha HUGE MOVES ON NEWS EVERYONE WILL BE CHASING!!!111
Here is a historical comparison of news hitting the wires lol. CEO is such a pathetic loser
Feb 19. Reliance Global Group, Inc. Corporate Update. Stock Price +0.60%
Feb.13. Reliance Global Group, Inc. (RELI) Announces Letters Of Intent To Acquire Two Independent Insurance Agencies . Stock Price +7%
Feb 6. Reliance Global Group, Inc. Announces Amended Loi For Insurance Agency Acquisition. Stock price -1.27%
Jan 31. Reliance Global Group, Inc. Signs Additional LOI to Acquire Real Estate Portfolio Stock price +4.30%
Dec 20. Reliance Global Group, Inc. Disengages IR Firm and Provides Corporate Update Stock price -19.85%
Dec 19. Reliance Global Group, Inc. Provides Corporate Update and Outlines Strategy for Long-Term Growth Stock Price -29.19%
Thank you for your money!!! Sold at resistance, shorted at resistance as well. Failed to break and hold 0.21 for more than 3 months. 200k now on the ASK LMAO
THANK YOU WHOEVER BOUGHT MY SHARES AND BOUGHT THAT $3-$4 PRICE TARGET BY SUMMER HAHAHAHAHA
+30% on flip and +15% on short.
So that's the place for the most insane freaks?
New investors!! Beware!
Don't get into a trap reading a description of this board and having hopes for the listing to NASDAQ(lmao), $10-30 stock price (maybe after 1:200 Reverse Split) or paying dividends.
The company issues shares to TOXIC financers, non-SEC reporting, listed on a worst OTC market, has a stop sign, being used for money laundering, has no audited financials, has no PR company, 2B shares(!!!) in the O/S.
Lol upside...keep hearing this since 0.24. Sure, upside lol
That's just the START of the process. You clearly have no idea how long it takes for the court process to fully settle down. YEARS