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Not much going on here today. Couple of trades only for a total of about a thousand bucks worth... I'm holding, any PR and this thing is going to move just like last week.
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Anybody still in this? I was hoping to start accumulating when it drops to .007 area. But today with 15,000 volume they raised the ask to .015 from .01. And dropped the bid to .005 from .009. Why are they doing this?
quote:Originally posted by Johnwayne: Anybody still in this? I was hoping to start accumulating when it drops to .007 area. But today with 15,000 volume they raised the ask to .015 from .01. And dropped the bid to .005 from .009. Why are they doing this?
The volume is weak. I said before, this is a long term one for this very reason. You can't buy and sell this one. I think it has potential though. At $1, it is only a few million market cap.
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the bid/ask is a better indication of the current price. MM's will use tiny trades between them to change the last sale price, but that doesn't mean you'll ever get filled there.
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They just raised the bid after people were selling below it? What the crap. Boy you guys must be right. There must be a wacky share structure here.
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Accumulation/distribution is based on closing prices and the daily mid price (mid of the day low and day high). If the stock closed above the midpoint they consider that accumulating. If below...distribution.
That number (-6.32) is an average of the last 21 days. I'm not exactly sure how you get to it, but the fact that it's negative suggests distribution.
It tells me this has been oversold the past several days and might be due for a rebound.
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Stock charts are very hard to weigh in on a stock with this light of float. One buy pushes, one sale pulls/ This is why I stated in the beginning, put $500 for 100,000 share and forget about it. The upside potential is so great with the recent opportunities. The downside is $5000. That’s simple math.
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quote:Originally posted by invester: Stock charts are very hard to weigh in on a stock with this light of float. One buy pushes, one sale pulls/ This is why I stated in the beginning, put $500 for 100,000 share and forget about it. The upside potential is so great with the recent opportunities. The downside is $5000. That’s simple math.
Correction, the downside is $500, not $5000.
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Still holding 20K shares for long term... I checked the 52 week high for this baby and it is $1.10 even if it goes to half that amount it will turn into $10,000
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