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CSHD could close green every single day until it's revoked so long as a buy or sell is accepted above the previous day's close. Closing green in the gray market is not the same as closing green in a regular market.
You do realize that on the gray market it's really meaningless to talk about "green days". Trades go for whatever price will be accepted. The last trade of the day could easily be a buy or sell below the previous day's closing price, making today a "red day".
Hey, hey, no need to get so hostile here. I'm not some naive CSHD long.
That explanation makes more sense. I still think charting is very hit or miss in penny stocks, but I understand what you're saying.
Eh, I'm skeptical about the power of TA to predict what happens in these penny stocks. They don't follow normal trading rules to begin with. It's all based on hype and emotion. Who knows? SLJB could be up to 0.20 tomorrow if they release the right PR.
Seriously though, I'd be curious to see what the "won't release audited financials on time" pattern looks like. Is there also a "CEO will announce $7 billion in bonds" pattern as well? Or a "CEO will appear in court without a lawyer" pattern? :)
Maybe you could explain your comment better, then. It sounded like you were expecting your streamer to say CSHD was up 0.36.
Yeah, it's only up 0.01, not 0.36.
If your definition of a "real scam" is a stock that tanks at least 60% in one day, doesn't CSHD fit that definition?
I don't think this drop has anything to do with technicals. They didn't release their audited financials on time and they got a scathing article written about them, complete with a picture of the sleazy CEO.
So are you saying that, in your eyes, SLJB is a much more obvious scam than CSHD?
I'd say they're both pretty equal. Actually, SLJB is working on a much smaller scale than CSHD, which at least gives it some believability.
How naive must you be to believe that just because a con artist invites people to his house that he's not a scammer?
Logic would dictate that a con artist would do that very thing simply because the people being invited to the con artist's house would believe "he can't be scamming me if he'd invite me to his house!"
Maybe they just have an innovative approach to investing.
I don't disagree with that, but I sure hope the $70K someone dropped was just a short covering. I mean damn, that's an awful lot of money to "invest" in a gray sheet company that's currently being sued by the SEC.
Well, I don't doubt that there are a few shorts out there. Not nearly as many as Rufus and HSM would have you believe.
Other than the last remaining shorts covering, I can't see why someone would drop $70K on this POS right now. Surely even the longest of longs are too tapped out to pony up that kind of money.
I doubt it. That would give the scammers the ability to dump one last time.
Buying 250K at 0.35? Either it's shorts covering (most likely), or someone sure is trying to go down in flames.
The case is still ongoing... it's not over, so I don't see how you've come to the conclusion that the SEC has failed to prove anything.
Les, really now. Just think for a moment. If the bonds were "real" (meaning, under Rufus's control), it would have never gotten to the point where the SEC wanted to sue Rufus and CSHD.
It's a process to get the MM's to "sign back on", it doesn't just happen overnight.
According to Tut, the MMs are forced to sign the 15c211 once they see buying pressure, or something to that effect. I wish someone could dig up that quote, it was priceless.
It appears the SEC is satisfied or I'm sure RPH wouldn't be taking the reigns again.
Well, it was either him or no one, basically.
Afterall, if the bonds are bogus and they're on their website, how come RPH&Company haven't been hauled back to court?
The investigation is ongoing...
Well, the only issue is that no one is really controlling this stock as it's on the gray market.
The guys who dumped off 35000 shares at 0.41-0.45 would like to thank all the mindless longs for "buying the crap out of it" so they could dump at a slightly higher price.
Well, having your CEO resign in disgrace is normally considered a bad thing.
Having the next CEO resign after two weeks is likewise considered a bad thing.
How do you interpret that as good news? Mike A. bailed out! If this company was really free and clear why in the hell wouldn't he stay on board?
Another $450 down the toilet!
How stupid can people be? Someone's making a half-hearted attempt to "buy the crap out of it" this morning. The think last night's news is good? Sheesh...
I get a kick out of some of these guys, thinking the grays work like the pinks or the OTCBB. They think concepts like "support" and "resistance" still apply...
IP address bans. And I think they've actually banned the entire subnet of addresses where I work!
They really didn't like me over there...
You do realize that on the grey market any order that gets accepted... gets accepted, right? The market hasn't "built" the price up to 0.55, someone just placed a tiny (400) order at 0.55. The next person can come along and sell for however low they want and you're red again.
Do what I do... free anonymous proxies like the-cloak.com or anonymouse.org.
They're not the fastest things in the world, but they get around the HSM bans.
I'm sure there will be plenty of HSM longs who will tell you that it's not due tomorrow but whenever Mike says it is.
Are you remembering to sell for $0.30 or so or are you clinging to fantasies that someone is going to scoop your shares up for $15 per?
I think it could very well happen. There was some big dumping that took place in a very short span of time. I don't think whoever is dumping is quite done yet.
True. I was thinking though that today may be the catalyst that drives the "long and strongs" to scurry for the exit.
I think today is when the price takes a huge dive compared to the past couple days where it's stayed relatively fixed.
Fun!
Wish I was whoever's pocketed close to $400K between yesterday and today.
The questions is by who. And I'm guessing it's not institutional investors! Doubt it's CSHD longs, as I'm counting 750K between yesterday's dumpfest and today's. The better question is who's selling?
Wow, another 60K dumped while I wrote this.
Dumping even faster now! Looks like at least another 60K.
And so today's dumping begins. Just saw 80K go by at 0.45.
EDIT: Make that 130K.
I'm surprised one of the longs just doesn't buy 100 at 1.00 to make it look like it ended really strong.
And then you'd just be whining about how the SEC is screwing you over because your money is being tied up for six months or longer.
The point of the suspension was never to keep the stock from trading until CSHD has been found guilty of fraud or acquitted, it's just a ten day suspension that serves as a warning to current and future investors to stay away.
Another 130K shares sold at about 0.45.
By my count, it looks like a solid 500K shares have been dumped at just below 0.50 today. Someone is cashing out big time folks.
I don't know about .40 being gone yet, but it looks like .50 is.
I'll go with "can't afford it". I mean, if I was a lawyer, I'd take his case. I'm getting paid anyway, right? So I'd just half-ass it and collect my money, because there's no way he'd win.