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Monday, October 27, 2014 10:28:21 AM
Magna hasn't even got one dilution share in their hands yet but will have 10 MILLION or more arriving from the fees portion alone on the two deals and they'll be cheap priced shares (many at 1 cent), and BHRT hasn't even got one dime in their bank account yet, not even from the toxic, convertible note part that comes first from Magna.
This is more like a casino in Vegas IMO, than an investment. Which is great if one likes gamble-trading, it's totally cool if that's the gig. Just wait though till Magna gets it's shares in hand and the deals are actually dry and in place, the ride will get even wilder and faster, that's my opinion.
This isn't even back at the 200 DMA yet and it's already showing selling into the AM strength. Just a PR hype run-up IMO. Those never end well for whoever buys the tops and it's moving real fast, so trying to get in and out can be brutal.
Looking at the level II, the average size buy order that they're running this on, is maybe $300 to $500 bucks ea, a few maybe $1K or maybe $1,500 tops. It only took 30 or 40 tiny buys of maybe $500 a piece and they opened it and ran it up 30% or more. Basically back to where it was only a few weeks back.
Patience IMO, this won't end well for those chasing it here. Let the dust settle IMO.
The 50 DMA is still under the 200 DMA which is a technical weakness, 50 DMA is .023 and 200 DMA is .026, until it breaks well above those and holds on volume for days, it's not even back into any strength yet.
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