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I know you mean well but you can’t read technicals on a stock that doesn’t have a liquid market where you can openly buy as well as sell short. There’s no short position on this and it’s a short position that creates support levels.
The best lie backup is ‘it’s done just waiting on Mexico’. I mean that is genius. You keep hearing that and it’s like plausible deniability. It can’t be proved or disproved. You just have to trust. Mind you - you are trusting people you don’t know at all that have a conflict of interest to actually tell you if it’s bad news.
You’re being kind when you say rumors. I actually think there has been deliberate distribution of straight out lies to certain people who then unwittingly pass on the same crap to others. Nothing can be that wrong for so long unless it premeditated disinformation.
Take a look at the posts I am not the only one negative on this. Even some of the old guard is getting negative.
I am nowhere near as invested in this thing as some on the board so even though I am down, there are some who are getting slaughtered in terms of unrealized gains and real gains. I hope for the sake of those people that something materializes soon. I’m just happy I sold some as it gives me an option of buying back lower.
Someone JUST said that the quarterly is being delayed because if your delinquent notes can’t convert. Is that true or not true?
No one forced me but a person I trusted told me week after week a line of bs and bad info. I don’t blame him I blame his naïveté for believing other bs’ers.
It’s funny because the person who pressed me to but this stock oh so many times told me there were no notes converting that this thing was clean. Sound familiar?
That’s my personal fundamental issue with the company. That ruins any potential story for me. It makes absolutely no sense whatsoever if this is moving along the way the rumor mill reads it to not file the quarterly. That says to me something negative is in the wind. It’s looks like they are hiding something so someone can unload stock before they reveal. Hopefully it’s not the case but it’s really overdue.
If you were already short that’s true not new shorts
The average short is not up.57 that would mean they picked the top and bottom perfectly. The bulk of trading was below 11 which means the bulk of the shorts were as well
Shorters today made 20 cents max. That’s a lot of trouble to go through for 20 cents. This actually closed strong. I think there’s some upside trades left in this puppy.
Once everyone goes short the HF will go long. They always do the opposite of the mass of the retail investor.
Anyone have perspective on this because it looks really horrible? Very aggressive dumping. Ward better come out with news soon this thing can’t go any longer without some info on status.
I could be wrong but when it looks like you should sell it’s time to buy. Looking at this makes you feel like you should sell which says to me to buy more even if just for a trade.
Usually if the short fund is confident in their short strategy they will run it up before they run it down. The fact they keep pressing on it down here shows desperation.
It’s going to run up today. This is a headfake. The 43 not going to be released all at once and likely not immediately.
Why would note holders be pounding the bid if this thing has such a solid story? They are selling for a third of what it was last week
Closes higher
This is desperation on their part if we keep it even to the open price they are screwed tomorrow
NOW!!!! FIGHT LIKE APES
I’ve been trading this thing every day but always ending the day with original position usually 6k shares buying as much as 14k shares intraday.
You guys have crap timing or crap info or both which one is it lol
Losing 50 percent on an investment in 2 days shouldn’t be for anyone.
Honestly this thing looks horrible. I’m 2 million shares in but I wouldn’t bet more on this.
This is a good entry point right about here. RSI has come down and they are over extended for the day. I don’t see any way this doesn’t close higher
I really would love to hear the conversations going on with the traders who shorted at the funds and their management. At what point does their compliance department say it’s enough. I can hear the trader saying ‘just give me one more day’.
Hold this is going higher they are trying to shake out those that just bought over 12
By the way, the stock is up 14 percent today. That is a squeeze considering your point that the stock should be at 5.
Well right now there are no shares available to short. The average price of the shorts is likely lower than the current price and there seems to be a further influx of ready buyers. That would lend itself to forced short covering should buyers continue to show up. When shorts are covered they are actually sold by someone likely shorting to the person covering so the cycle continues.
The stock can squeeze if there are more buyers than there are shares available to short it’s simple math.
GTC is only valid during normal market hours
Well maybe the fact that it pumped up to nearly .03 from less than a third of that then out of nowhere note holders started dumping. That might look like classic pump and dump. That could have flagged.
Has anyone called the brokerage and asked why it’s restricted? I bought this through fidelity last week and didn’t have a problem
It’s gonna blow past 11.50. No one is selling and they are so short and have to cover intraday shorts or they are going to fail to deliver and I’m sure they are already up to their necks in fails
I use 3 different brokers and no one shows shares available.
How do you know that?
No I sit a do trades, play Call of Duty during breaks and vent on the MRGE board and drink Sangria.
Yes which is why they started questioning it and why I started questioning it based on their ‘view’ and experience. I’m being kind when I say they call it a ‘typical rumor mill’ penny.
I actually do know how lucky I am because the reason I don’t get involved in pennies is because of the losses I took many years ago on ‘great’ stories in penny land. I truly hope for everyone’s sake that this story has a very very happy ending. I just need to trim my stake because I bought way too much for this level of risk. My appetite is that I start flat and end day flat and short or long depending on the stock and the market. You can’t trade this, it’s purely a speculative investment and I don’t invest. I’m registered as a day trader - I do over a hundred trades a day so holding investments just eats up my trading capital.