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Interesting for sure, IMO.
Just a matter of fact that on March 13 there were over 48,000,000 shares traded to a high of .042. March 20 there were only 12,700,000 shares taking share price to .0367 closing at .032. And that was because of a Friday tweet telling all is well and the carrot of a dividend.
IMO, looks like buyers are getting tapped out.
Based on the Friday tweet we will know in 10 business days, right?
Also, what might the promised dividend be? Cash, which would take away from working capital, or share dividend which to me sounds like dilution to the share structure. Oh well it's something free anyway, we all like free stuff.
Well we waited and now we see. Total joke of a company, IMO.
Current rally over, resistance at .001 and 50 DMA crosses below the 200 DMA.
Kiss of death,IMO.
With so few unrestricted shares and this company foretasted to hit $100 per share you would thing the following.
Share price would be raising, not falling thru support and having more volume on down days than up days.
RSI would be over 50 rather than constantly being below 50.
Why would the share price trade below the 200 day moving average?
I could go on and on but with other facts that have posted this is enough for me now. I don't want to get to in-depth and cause confusion.
TenKay, welcome to PASO. Your voice of truth and reality is refreshing.
You are more than welcome. I suggest you buy 200k shares Monday at the market on the open. I'm sure other shareholders would appreciate that.
"The market doesn’t have a liquidity problem."
Then why is the Fed pumping so much into the system? Why is the 10 note and other short maturities, 2 year and 5 year so volitional?
Why is the USD is such demand? Yes, there is a liquidity problem, the real question is will it effect stinky pinkies. I think it will because the demand for funds needed by hedge funds, etc., to cover their butts elsewhere. We may find that the deals they were planning aren't as important as other things of higher priority hence those deals may be postponed or canceled. It happened in the 1999-2001 and the 2008-2009 financial crisis. This has the potential to be far worse than both. In essence the entire industrial world is near to or in lock down and the respective governments are gonna print as much as they need to make it all whole. I think they will have limited success.
Anyway that's my take on liquidity situation and possible ramifications we may face. ANY deal with any company that involves takeovers, mergers etc., is at a higher than normal risk of not happening in the time expected if at all, IMO.
Yet based on the PASO tweet we will know in the next 10 business days and this issue will be resolved.
Updating and putting stuff in IBOX doesn't change the fundamentals of this titanic company, IMO. Just more fluff.
Truth is price gives a far more accurate picture than opinions.
Share price has overhead chart resistance from .125 to .15 with 200 day moving average at .14.
RSI has been below 50 since early February and now stands at 34.95 and in recent trading down days have had more volume than up days.
Recently block trades have been on the bid.
I expect to see the .07 support taken out and then down to the next level of .043 to .035.
Averaging down will be made simple. This is turning out to be a real TTurd stock, IMO.
Why not take questions (like many others have & are gracious to share those questions/responses here) DIRECTLY to the Chairman of the Board of Directors for WSRC.
The board THANK'S you in advance for reaching out to him.
And add to that the 50,000 share sale on the bid this morning at .10, smart money is dumping. Like rats fleeing a sinking ship.
I'm trying to instill reality. IF shares get cheaper I will buy unless the overall financial situation get worse. Things will perhaps be cleared in a few weeks.
What if those planning to do the PASO deal are unable to do so due to totally unrelated financial issues. Maybe the money planned for this deal was needed for margin calls, or to cover commitments elsewhere? There are a lot of things that can go wrong in this type of deal that are totally unrelated to PASO, especially with all the market uncertainty we are seeing.
Just saying there are a lot of unknowns right now.
Glad to hear that cause I used to post T/A here and got crucified for it.
Now that really leaves me confused, not really, just shows how selective things are. As long as it promotes the bullish case then anything is okay.
Don't get me wrong, I'm hoping for a pull back to get long again, not trying to trash PASO, just asking honest questions.
Operative words, "We haven’t been informed of a delay as of yet."
I do remember the last financial crisis and the fallout was that many deals planned to happen didn't happen ore were delayed significantly. Could this happen here or is PASO exempt from such possibilities?
Would hate to see this outstanding opportunity turn into TTurd stock.
Interesting. I was told on this forum that technical analysis didn't matter in OTC stocks and now they do. Wonder why they do now?
Oh well I guess it only matters they are bullish.
Yeppers, money is flowing in, LOL, All 9869 shares worth, less than $1,000 worth. Without the last hour green paint this thing would have closed well below .10 which will be it's new home, IMO.
Look at the chart. The shares have rallied into overhead resistance, RSI about 36 and the 200 DMA lurks at .1405. Solid resistance.
This is a TTurd company if I ever saw one.
Yep, just like I said. It took a little longer to collapse than I thought.
Glad I didn't fall for this joke company at much higher prices.
Solid sell signals going all the way back to late January, but who needs technical indicators that keep us as safe as possible.
I think you are on target here. Thanks for your posts. Was thinking of buying around a nickle, but instead I'll just watch as it heads to trips and dies.
Share price has been sick, continues to fall thru support, now I know why.
You have one thing right. Technical's are boring to most but they keep emotions out of the picture and tell you when to sell and when to buy. My .005 was an emotional hope, yet when the .012 was broken with volume I bought. Just like I sold between .04 and .035, was getting sell signals. Yep boring as they are technical indicators protect you from false hope, hype and give solid points of entry and exit.
I'm sure buyers who bought between .04 and .035 wish they had waited for today's prices. I'm not posting every trade as you falsely assume. Lately busy day trading leveraged funds. There technical indicators work great in markets like we are having. Hopefully tomorrow I will fill here and if not don't care. Would rather miss a trade than overpay.
Patiently waiting below .02. It's going there IMO. Don't want to bother anyone with any technical details or updates so I won't I'll just buy back in my target area I posted recently.
SNPW: Another one bites the dust. Saw it coming just didn't know when. Glad I avoided that one.
Wonder which one will be next.
If I decide to trade this risky stock, I would rather wait for a nickle, less risk. How does corona virus have anything to do with this stock? Help me understand.
Level 2 looking heavy this morning and now chart resistance above today's high.
We have seen this play out before. Patiently waiting for my fills.
EDIT: The 500k on the bid at .0251 was there earlier, then gone, now back. Will be interesting to see how it all unfolds.
If we see .0185 to .015 I will be in with several orders as I leg back in.
If those prices don't happen, then I guess I will miss out.
Today's low nearing my re-entry target. Looks like it will fill and if so back in with a profit and if not, no worries. It's just another trade.
And for good reason.
Streling: You may be correct however I have many concerns. I agree that digital wallet is coming no way around it. They have 39 customers, yet even if 100 times more 3900, it's still a drop in the bucket. What made it's value to run to over .88 and now can't get back over .15. Is it the increase in accounts, or their innovative methods? I wonder at this one.
Back in the late 70's as I remember I was involved in a company called Scott Instruments. They had at that time an innovative voice recognition product that was cutting edge at the time. That now is part of life, we take it for granted. But back then it cutting edge. Voice recognition ended up being a very useful technology yet the company failed. Improper execution of their patent don't remember all the details why it failed as a company.
Point is this reminds me a lot of Scott only here in this space there is a lot of competition, chances of regaining share price value is a long way off if ever. What will happen to cause share price to test recent highs at .88?
You make good points. We have to remember inspite of bullish promotion over 99% of these stinky pinkies return to their original breakout or lower. The few that succeeded to a degree have hung many investors as unrealistic pictures are painted and they hold out for the BIG ONE that never comes. Then add all the way up and when and the promotion is over they are holding shares way above the then current price with little to no hope of getting out whole.
IMO, all the volume churn without solid upward price movement smacks of distribution which may be short lived, or not. IMO if volume continues at the current run rate today without SOLID upward price movement, I would be convinced distribution is in process.
That's why I got out today, I can always re-enter if I choose.
Out between .04 and .035.
It's been fun.
I'm with you on that. In the last year or less there was a big push to blue sky. Fortunately I got out break even. I have learned here. Management is a joke and this sock is destined to the dust bin of history, IMO.
Sterling. In all due respect what market are you talking about?
"Bottom Line: With the right news, the market will always have a forgiving heart and the past with BLDV won't matter."
You make good points. We have to remember inspite of bullish promotion over 99% of these stinky pinkies return to their original breakout or lower. The few that succeeded to a degree have hung many investors as unrealistic pictures are painted and they hold out for the BIG ONE that never comes. Then add all the way up and when and the promotion is over they are holding shares way above the then current price with little to no hope of getting out whole.
These are buy, sell with news and move on to the next one. Works the majority of time.
Yes on board as outlined in a prior post today.
How far it will go I don't know.
My plan is to sell the news. When merger news comes out and we get a pop, I'm gone. May leave some on the table and it may go much higher. All to often in these things you buy the hype of the upcoming deal and sell the news. From my experience you will be right MOST of the time, but not always. Just the way I do things.
Agree completely.
Sterling: Are the fundamentals better now than they were when the price was over .80? If so why is the stock languishing? What will it take to see those prior highs retested? How many that are stuck at higher prices will hope to break even giving a lot of supply if/when it rallies? Share price couldn't get over .25, then .20 and now .15 seems to be resistance.
Lots of answered questions. IMO the share price has the answers at this time.
There were many blank places with numbers but no charts where there used to be charts long before the market crashed, for weeks.
I just wonder why those charts were pulled.
I don't chase. Far to many to choose from, so chasing is something I don't do. If I can't buy low I don't buy.
I'm here waiting for a reasonable price of around a nickle. If it happens I'm in and if not no big deal to me.
Just seems with so much company hype that share price should be much higher.
Glad I didn't buy over .80. If there is value here share price wouldn't collapsed, IMO.
I agree with you on what you said. And to add to that last year the company tried to promote their stock and it turned out to be a total failure, IMO. Unless there is a new management team in place no one will believe them. Their small income is meaningless since I personally don't trust management.
Sounds interesting, yet the share price isn't reflecting such good news closing unchanged with little volume barely holding on to the .15 zone.
When do you think that will happen?
It may very well be broken, it also may retrace to the solid support at .014. Came close today.
I would wait til then to buy, I wouldn't chase it. Buy weakness, sell strength is a good rule of thumb.
At the time that was the case. Time changes things, just like now there is resistance as noted not to mention the .0335 resistance from August 20 2019 that was solid resistance. So far hasn't been taken out.
Your quote after 3:00 P.M.
Yet the day is young, anything can happen. Sub penny today?