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Almost all of this stock (%91) is owned by retail investors. The other %9 is owned by institutions. They have no debt, no dilution, and the float is hair thin. This thing is a powder keg. All it will take is a few more institutions to buy a few million shares on some positive PR.
I washed my hands of DVLP long ago. Thankfully I bailed and made a profit when it surged to 0.025 a while back. Something is wrong if this impotent stock can't get it up past 0.02 despite all the golden developments. Pun intended.
Nevermind. The fact that the LOI by DVLP only states that they may or may not go into the energy drink business, might make investigating DNA brands pointless, but I did find this https://www.bloomberg.com/press-releases/2019-05-13/dna-brands-ridesharing-fleet-hits-the-roads-second-round-of-purchasing-commences
Did a quick search on DNA energy drinks, the "award winning energy drink brand" mentioned in DVLP's recent PR. There hasn't been any PR updates with this company since 2014 and their webpage dnaenergydrink.com has been suspended. Hmmm....Anyone care to explain? I can't help but to give pause. This requires more investigating.
Thanks for posting this. I found this same page about Stavros Triant a few weeks back and I waited to exit at a 40% profit with 407K shares at 0.024 before posting this but you beat me to it. I need to know what this is all about too before jumping back into DVLP. I'm surprised The Dumpening never posted this.
He's probably a DVLP short seller.
True. I've been selling on the uptrends and buying back more shares on the dips to strengthen my position. I'm a little leery to try that again this week until after the festival though. I don't want DVLP to slip out from under my feet.
SP will never increase unless the daytraders and shorts go away. To make them go away, DVLP has to give them solid results to persuade them to think the company's valuation will improve with increasing sales numbers. (obviously) I might join them though if I don't see any improvement by June when the extractor facility opens.
Alot of excited shorts making money here it seems.
DVLP is breaking the support line. Hrrmmm....
Oh man do I ever wish for DVLP to hit $1. I feel just as optimistic about DVLP as anyone else here. 0.14 is almost a guarantee, 0.25 is probable, 0.50 maybe, but $1? It would be safer to sell at intervals as the inevitable spikes consolidate and buyback more shares on the pullbacks and support lines imo, and that way you can have a stronger position than before, but again I could be wrong. The charts don't show a clear pattern for that type of strategy. This is unknown territory.
My plan is to take profits at intervals and buyback larger positions on the pullbacks. I started out with only 55,000 shares and now have about 407,000 shares. I hope I can get to 1M shares before DVLP blasts off to the moon.
I have about 407,000 shares. Does that count as decent? :)
0.02 was the resistance a couple weeks ago. Now it's the support. That's a good sign. Upside momentum is still struggling though. RSI is a healthy 53.54.
RSI is 65.15. There's a chance it could pullback as it is approaching overbought territory but it is still trending above the EMA and MACD is still showing upward momentum so it could potentially climb higher. I'll be waiting with the portion I shorted to catch DVLP just in case it falls again.
$$$DVLP$$$ is looking good, but don't fall in love with it folks. the 0.05 and 52-week high at 0.14 would be amazing but those spikes are at least 6 months apart. I'm waiting for June and next quarter to decide on a longer hold.
This company is a sleeping giant. I'm very hesitant to short my 379520 shares for a measly %30.73 gain at 0.024. Undecided on whether to wait until 0.05 or the 52 week high of 0.14.
How easy is it to exit this stock at a profit? I'm eyeing this one. 0.010-0.019 weekly trading range and high trading volume sounds very lucrative. 1M shares at 0.015 ($15k) can easily net $4k gains a week.