Tuesday, October 29, 2019 2:25:04 AM
Put filings and technicals aside for a moment. They only trick you into emotional confusion, the quickest road to becoming "dumb money." Looking for insight from CYA filings of failed business models teaches you nothing. Remain logical, work your business model, don't follow those of people who are bad with money. Next...
In OTC's, we are traders, not investors, so it's easy. There's one question. Is there a trade here? That's it. Based on that, GXXM is not "over," if you study the landscape and know what you're looking at. (You can make money trading companies that don't even exist, if you know the inside game.) Never trade based on OTC financials.
Without writing a book here, the question is easily answered. Before February's due date for a reverse split, will the MMs walk the stock up? Yes, or no? It's hard to believe MM's would pass up the chance to make 100-300% on a stock with GXXM's kind of buzz, before it splits, not to mention all the two-way transaction fees. Not logical.
GXXM's behavior over the last few months is EASILY explained: no news and low MM inventory. LIBE did the same thing this year. I bought in when no one wanted it (.0000 - No Bid - O Volume), bought it all at less than .0001/share, held. Five weeks later, it hit 0017, sold it. Next trade.
Between now and February, I expect GXXM to go from 0001-0004. Higher's possible, long term double 00's before the split? NO. The RS will happen from 0001, plan accordingly.
Happy trading!
-Oracle
Recent GXXM News
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2024 05:54:07 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/24/2024 09:14:20 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/16/2024 03:40:53 PM
- 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
HealthLynked Corp. Announces Second Quarter and First Half 2024 Results: Continued Cost Reductions Set the Stage for Strategic Shift to App-Based Technology Services • HLYK • Aug 16, 2024 8:00 AM
PickleJar Announces Official Name Change and New Ticker Symbol • NREG • Aug 15, 2024 2:23 PM
VAYK's Q2 Profit Added to Accumulated Net Profit of Over $2.2 Million In 18 Months • VAYK • Aug 15, 2024 9:07 AM
Swifty Global Reports Strong Q2 Performance and Prepares for Major Exchange Uplisting • DRCR • Aug 15, 2024 9:04 AM
Mayback's Global Entertainment Signs Global Distribution Agreement with Children's Media Studio • AHRO • Aug 15, 2024 8:45 AM
POET Technologies Reports Second Quarter 2024 Financial Results • POET • Aug 15, 2024 8:04 AM