Thursday, October 10, 2019 2:01:26 PM
GXXM's stock is actually already in regular business mode, nothing new, easy to see, provided you know what you're looking at and understand the OTC business model. Pink sheets always hit the floor eventually, they got here in the first place because the company was in straights. That doesn't matter, and it doesn't mean you can't make money if you own it all at 0001. If you own it high, you didn't spot it as a 0001 and made a bad buy.
If you are pouring over and financials and filings, you're burning out unnecessarily, swimming against a rip current. Recognize it and swim laterally, there's nothing to fret over. Triple 0001's all work exactly the same way. This is regular business.
Regular Business
MMs are working the stock the exact same way they always work 0001's. The "no bids / no ask" is simply because everyone who wants "in" has already been filled, nothing more. Without news, MMs have nothing to work with, and with new traders on the sidelines, MMs work other stocks while GXXM sits in flatline mode.
MMs work stocks in terms of months, years. None of us control the news. If GXXM pumps on news, we'll all do well. If GXXM reverse splits, no big deal, manage your exit, then work then next trade.
Bottom Line
As long as GXXM or any other 0001 company stays in business, MMs will continue to work the stock, even though it flatlines for very long, long periods of time.
Happy trading!
Recent GXXM News
- Form 8-K - Current report • Edgar (US Regulatory) • 05/10/2024 10:07:10 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/13/2023 09:15:53 PM
- Form PRE 14C - Other preliminary information statements • Edgar (US Regulatory) • 11/13/2023 09:11:58 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/01/2023 08:38:56 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/21/2023 08:22:30 PM
- Form 10-Q/A - Quarterly report [Sections 13 or 15(d)]: [Amend] • Edgar (US Regulatory) • 08/21/2023 08:00:34 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2023 02:09:47 PM
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