A line on 75 people waiting to get served at 11:15 AM.
This was yesterday.
$45.00 per share soon and sellers in the deep-fryer.
Rest assured that there's about to be a VEE bottom and that DGLY will close at the high of the day today.
The big volume is only from some market makers who are obligated be law to sell short.
They will begin to cover their 3 million shares short towards the last hour or two of trading,
thus my educated prediction above.
It will simply be a several months long "short covering rally".
There are around a billion+ shares short here.
This is because penny stock market-makers are allowed to sell an unlimited number of shares.
They get badly burned at times but they don't care because they always make a fortune in the big scheme of things.
My posts are my opinions and do not reflect the opinions of YAHOO! Incorporated.
You guys know absolutely NOTHING about "bull-markets" now, do you?
$1100.00 is not a joke for AutoZone shares.
When AZO hits my price target you nay Sayers will be no where to be found!
Happens every time.
You'll soon be saying... "Gee, you were absolutely right about DGLY going higher. How do you know so much?"
The answer? Because I'm a professional trader and you're a professional loser!
Over $30.00 soon.
do you see it?
I called the reversal in the dollar and in gold, and will be right-on the money again.
Just because the ADR's are trading at $1.42, only .44 cents above the all time lows, does not make it a buying opportunity.
Just a "heads-up" from a professional trader.
Most of the owners here bought at around $2.00 and are just waiting to get out of the very troubled waters.
Bid will soon be lowered on NBG to all time new lows (again).
The bid on todays $1.00 call options is at .23 cents.
So this tells me that there is absolutely no support whatsoever
(just software programs, like I told you earlier when NBG traded @ $1.37 today)
you entered a trade & you do not have an exit plan?
trading is not a "marriage" you know.
did you think trading was the same as a marriage?
if you are a professional that is making a big mistake (by buying NBG).
all professionals put in a stop loss order in order to conserve capital.
for example, if you bought 100,000 NBG at $1.16 yesterday, and another 100,000 at $1.20, if you are a professional, you put in a stoploss order at around $1.13
when the ADR shares hit $1.37 you would have updated your stop to $1.34 so you'd be looking at a profit right now.
a pro would not really trade NBG long though.
i'm just giving a hypothetical.
Are you long? Did you buy NBG at $2.10 like everybody else in here did? (that was a "fake" too).
Promulgated by BOTS just like todays movements.
A few software programs drive the "pop" and everyone is thinking NBG will start going higher (a reversal).
Today is not a "reversal". Lower lows still to come for NBG.
Will end the day at the low of the day.
Today's price action for NBG is normal.
Software BOTS playing a big role here.
Longs getting fooled by artificial intelligence (again).
Sentiment: Strong Sell
They are at .15 cents now.
Time will certainly tell (as it always does).
Just a "heads-up" for anyone trading here.
Have you been reading any of my posts in here?
You would do very well to do so.
My targets have been posted.
There is absolutely no "support", as you put it, for NBG shares.
Who in the world has told you this?
Are you completely Ludacris?
The "pop" from .98 cents to $2.10 was simply exacerbated by idiots that know not what they do.
BIOC is 1000 times more likely to make a trader money that is NBG.
When I said " Better off jumping off NBG and getting on-board BIOC at $3.75 now".
I meant just that.
In other words I meant that owning BIOC is much better than owning NBG.
99 times out of 100, 52-week lows are not a buying signal but rather a selling signal.
But most people do not know this so they do just the opposite.
Oh, and all time new lows is not a buying signal either but 99 times out of 100 it is a selling signal.
My point is this: If you bought NBG you barely have a .5% chance of making money.
On the flip-side of this equation you do have a 99.5% chance of losing lots of money.
Has this information helped anyone to understand what is happening here?