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Something is different here at GCAN. No Fake Walls on the Ask. Unreal. Could be setup for next gap Up or Down. Guess we know soon enough. Ask is so thin. Someone knows something. Tick Tock.
Agreed. Monster run could be today or tomorrow. Hope everyone has tickets to ride the GCAN bullet train from pennyland to dollarland. ;)-
If someone can buy 500K shares of GCAN at $0.125 yesterday, how many shares can they buy today under $0.125?
And, when GCAN reaches $0.10, how's that 20% drop looking?
No need for The Johan to tell any other Johan to extend the Note. Gonna be interesting to see it covered. And, with Terry out of the mix it's going to be a free-for-all. All Johans that is. ;)-
They would all show as sells if your orders were on the Bid from placing limit orders. Meaning you didn't slap the Ask.
I think you read it right. Likely, the 500K Bid was covering a Short position. If so, someone whacked 500K GCAN shares from their cache to execute it. That's a whole lot of shares that were worth $170K at the top of the last run. Today, they settled for $62.5K or 37%. Who does that?
If all they have is $62K, they may be in for an expensive lesson. Let's recap:
I'm leading group who has $62K to buy GCAN at $0.122. Right?
No one foolish enough to have a valid Long buy order at such a high price for GCAN given price range over last 20 days ($0.07 to $0.34). That would be a $26K or 42% loss if GCAN hit $0.07 again after they "buy" at $0.122. In quotes because it's not a buy. Likely, it's a Fake Wall exposing a substantial Short position. Or, could be air shares altogether.
Fake Wall or not, it may expose the power of someone to whack bids from the next high beyond $0.34.
Indeed. Next round could happen as soon as today. They can take it up at any time they want. They have huge caches of cash. Who can play with them? ;)-
Interesting take you have on GCAN. Today, it appears people are whacking all Bids above $0.122. And, for good reasons; 500K of them. So, anyone wanting to buy GCAN can sit any Bid they choose above $0.122. That is unless it goes lower. Then, they may have to sell at a loss. But, everyone knows that. In the coming days, they may know it better than others.
You make a good point about iHub ads. We need GCAN to pony up for an ad or two so we can get new investors. ;)-
Lol. Ok. GCAN went from $0.11 to $0.33 to $0.014 on an extremely high volume day. Disagree with that.
Yes and no. These are big volume flips. Plain and simple. No holding going on here except smaller investors trying to grow a portfolio or flip for some quick cash. Could even happen again this afternoon. It will be a mistake to assume these people are accumulating GCAN. I contend they are not.
I'm looking at the 1-Day chart for GCAN today. And, it couldn't be more obvious that someone is smacking down all Ask slap mini-runs. They are forcing people with weak hands into a Buy-High-Sell-Low mode. This will frustrate anyone wanting to flip or day-trade GCAN for a small gain. Also, Bidsitters are boxed out of going lower than $0.122. So be it. Let the games begin. ;)-
Interesting development on Level 2. Ask sizes over 5K shares of GCAN are relatively small and can be taken out in minutes. What's up with the 500K Bid for $61K? This is quite interesting because Shorts who need it lower to cover are trapped! This is going to be a bloodbath when the Short Squeeze starts.
No it's real; not bull. Any erudite Noob could look at the chart and see and believe that a group took it all the way up by 300% and took it back down to close up in single digits. But, you already know that. Wonder what happens next???
Interesting you say that. Too soon to say for certain. But.........
Lots of trading here may not be fully understood during and after each trading day. One clue I've found on Level 2 is volume signals. This could be way Traders telling each other what they are doing. And, long overdue Short Squeeze could happen real soon. People who stole GCAN shares for months could lose it all.
Agreed. Quite the show ahead. Hope people have tickets to ride.
Astute observation. I believe it's true. If GCAN goes up with news, it's because people (read: Noobs) are buying the news. And, thatl is a critical signal for more experienced traders who gladly take GCAN down to steal shares. The major news for me is Level 2. The Ask is super thin. And, even with Fake Walls, price movement is relatively unobstructed. No resistance to da moon!
I saw that too. Think of what a big block bid of 500K shares represents. Just to put into perspective.... If a GCAN Whale wanted to cash out @ $0.20, that's $100K with no muss and no fuss. Just whack the Bid and all of that cash is ready for their next big trade. Amazing! So, now that I have the attention of many, who da freak can make that trade? And, why now? Why does someone need 500K shares of GCAN right now? Hmmmmmmm.
Lol. No no no. My small cache of shares are for holding perpetually. Long and strong for the duration.
O' GCAN. My my, how thin the Ask would appear to be or not to be. Guess we shall all soon see the reward for those who chase the price of thee. Anon.
Exactly. Have to let the game players do what they will until they no longer control like the groups that were eviscerated yesterday. But, I know something they don't know. And, I'm not telling. ;)-
Lol. CANT dropped their Fake Wall. That's all. Can't Buy from the Ask. If they pulled a Long Sell order, then they must have had a change of heart. Selling too cheaply is about as bad or worse than whacking the low Bids. ;)-
Agreed. Genie out if the bottle now. Some Shorts may be out of wishes. ;)-
Lol. Today, I saw the Fake Walls on the Ask come and go multiple times while I was typing a single post to this board. The Ask is super thin here. So, expect more Long runs up followed by Short dumps down.
Lots of smoke and mirrors today folks. We have attracted the attention of some big bucks groups. The groups who were taking GCAN down for months likely got slaughtered today. So, we know what happens tomorrow; right? My guess is only about 1/3 to 1/2 of the Float actually traded today. Ask too thin everywhere for me to be convinced otherwise. Speaking of thin Ask......
The true market for GCAN was shown in a most revealing "open kimono" fashion today. Do tell? I do. JK. No, I don't ask and I don't tell. ;)-
Boiler Room Op. Confirmed. ;)-
Could be. But, my cursory review of the filing or crime scene, if you will, had Wayne's DNA all over it. ;)-
Agreed. You are spot on. Some profit-taking as well as tricks for Noobs and other Buy-High-Sell/Lowers. Tomorrow, it will be time to grade the test. Pass-Fail. No curve. ;)-
Like shooting fish in a barrel. Something is up. Someone knows something. Short Squeeze may be inevitable. Hope people stealing shares didn't leave money on the table. ;)-
How would someone interpret CANT with 80K on the Ask at $0.24? Who shorts at $0.24 when HOD was $0.34? And just like that, CANT folded with OTCX raising to 250K at $0.145. Now I'm thinking someone wants to put a halt to the run. Hmmmmmmmmmm.
Next high could very well exceed $0.65. Just take high of the day and double it. Flippers may be out. One would think so anyway. Fake Walls busted multiple times today. So, those guys may be out or toast having sold at $0.15 when GCAN went to over $0.30. Ouch! That's going to leave a mark.
Hope they dump it all. Remnants of Wayne. Be gone. Poof!
Agreed. But, don't tell Emet. They may dump their millions of GCAN shares for pennies while we cash out with dollars. Shhhhhh.
Woo and Who indeed. ;)-
Volume is light considering our current financial performance and my projections for the remainder of this year. But, it's cool. Bottom line is money being made at GCAN. Soon will come acquisitions and lucrative partnerships. Whales are so golden.
Looks quite good. Concerned about Wayne going to jail for stealing GCAN shares. This filing continues to say UNGS owns those GCAN shares. Hmmmmmmmmmm.
Lol. Anyone with Restricted Shares will be happy they couldn't sell at these low low prices. A mind exercise:
Cheap GCAN shares acquired at or below $0.12 ......Hmmm. Guess I'll get a quick 2 or 3 bagger and move on. Done and done.
Question: If someone got cheap shares and bailed at $0.24 or $0.36, how are they going to feel when the price of GCAN goes above $0.50?
It seems quite the conundrum to flip GCAN and leave money on the table or hold GCAN until no more Bid Whack shares to be had then let it run. And, just between you and me, I think people stopped whacking Bids months ago. Now, MMs and/ or Group trading their own shares back and forth. At best, that puts them at about even.
Here's the other part of their self-inflicted pain: They have to share as much of their gains as they get. Their Fake Walls on the Ask only limits people from selling their shares at higher prices NOT selling their shares at lower prices to All Bidders.
One of the most interesting posts concerning expansions into international markets. Next GCAN filing should remove all doubt. Keep an eye of volume. Price follows. ;)-