InvestorsHub Logo
Followers 138
Posts 6568
Boards Moderated 0
Alias Born 08/01/2009

Re: None

Thursday, 01/24/2019 8:57:07 PM

Thursday, January 24, 2019 8:57:07 PM

Post# of 26817
The ask side is so ridiculously thin now after all these months of tree shaking that today there was only one MM sitting below .03.

NITE @ .02
CSTI @ .03
CANT @ .27 (lol)
MAXM @ 8.00 (double lol)

Other than the random retail seller offering out in the upper teens recently, the vast majority of shares for sale under .02 exist only in the past. Buyers aren't showing up in force yet but they will. We all know the story here and sooner or later the market will start to price in the story that's taken place, but on even more basic level there's another reason why any day now we could see volume kick in and get us roaring. Why? Because penny traders love a stock that is over-sold and will move on very little volume/ has little resistance. All it will take is one or two new traders/investors who decide to start building a position and with the ask so thinned out now that will result in momentum taking over, ie buying will beget more buying when some new eyes see the potential here. The buying will catch more eyes and that will build upon itself, becoming a self fulfilling prophecy of sorts. It's inevitable thanks to all the grinding and shaking we've sat through for basically the majority of 2018, as well as the story line that's been growing during the consolidation phase.

THE play of 2019, imo.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent DFCO News