Sunday, October 21, 2012 9:03:16 PM
Alot people got this stock twisted IMO .... Look at the volume last couple days ... After announcing bankruptcy Tuesday stock opens at around 8 small run up people thought dead cat bounce stock rest of the day keeps going lower people that bought in thinking dead cat bounce took losses and moved on called this a turd and didn't want to look a it again ... Stock traded close to 150 million shares day one ... Day two stock opens lower believers start saving what they can ... Then stock trades millions of shares between 5 and .065 cents does a mid day run people think bounce is coming perfect cup and handle setup intraday ... Stock closes red ... People are disappointed ... Promos start coming in left right and centre ... Stock gaps up after hours day three people start seeing signs of hope after gap up ... People that took a chance and held from day two now sold fear of gap closing ... Once again big whales are loading while those with fear don't know about the unknown sell locking in those small gains while the Chinese are loading .... Later in the afternoon we get updates from court house ... Attorneys piled up .... Wanxiang tells judge there still interested and will have with there own offer ...stock traded from .064 gap to .091 very tight range for the amount of shares we traded ... Stock closes at .075 then again after and pre market gap ... Day four Stock opens @ .10 people that bought in day before now locking in that 30 percent profit again fear of gap closing and losing profits .... If you noticed Friday we traded the highest dollar volume in all of last week .... We ran into the close with monster volume ... A lot of people once again sold EOD to lock in profits not knowing if Q is coming or first time playing a play bankruptcy and all the doom and gloom that people make it look like .... If you think about it logically every single day we traded millions of shares and the price stayed in a very tight range but after hours it took not even 2% percent of the days volume to move it from .075 to .10 . Then Friday after hours from .123 to .148 ... These guys have loaded up all the signs are there to me personally ... They don't want people to hold cheap shares that's why they gap it people fear of gap closing and sell ..... Schedule 13D filed after hours Chinese own 80 plus million shares there coming with an offer next week you really think this is done the fun here is just beginning ..... Politics will play a huge role in this in order for the Chinese to get a hold of this technology there's some process where the president has to sign off for this deal to go through ... Obama has a lot on the stake with this if he really wants to win ....this was a well thought executed plan ... If you look at the level 2 nothing any of us say or do will change with what's about to come ... This will most likely gap to.17 . 18 cents pre market and I would not even be suprised if we see news premarket about buy out or something and this gaps up over .50 ( wishful thinking) ... A lot will sell lock in profits that held from Friday happy ... Watch for the shake outs ... First catalyst is oct 30 th forgot what it is exactly the judge will approve ... ..IMO it's a hold till at least then ... Buy the dips sell the rips and try to accumulate on the house .... Plays like this don't come often but IMO this one can be a life changer for some.... This is just a ill summary of what I think ... I didn't get time to put links and a lot more I would have loved to but I think everyone should honestly do there DD ... There's a lot of factors then again there is always the unknown .... Good Luck To Everyone here hope you can all bank big ...you really need some balls of steel for this one ... I hope some can compile more DD make a sticky for those that are new here and get it updated on a dail basis with court filings and whatever else is there....
P.S ... Those that are scared about the Q look at TRIDQ PCXCQ EKDKQ ..... They all ran after the Q .... If anyone remembers VSTNQ ran from under .10 to 2 $ in weeks .... Best thing is to keep up to date with the court filings and filter out the bull and you might have an early x mas present here ;)
P.S ... Those that are scared about the Q look at TRIDQ PCXCQ EKDKQ ..... They all ran after the Q .... If anyone remembers VSTNQ ran from under .10 to 2 $ in weeks .... Best thing is to keep up to date with the court filings and filter out the bull and you might have an early x mas present here ;)
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