After hitting a high end 17.90 and pulling back a little, I expected them to push it over 18 for the closer. But it looks like most of the traders were day traders getting out before the week end. Monday should be interesting. I continue to hold my short shares accumulated over $19.
Tons of bagholders all too eager to sell on any pop. I*'m sure a lot of them are planning on holding into the split thinking their money will triple. When this dream too fades away there will be even more sellers eager and desperate to bail before this heads into the sub $1 range.
This thing got pumped so fast and so far I don't see any real support until it gets back down to the sub-$4 levels. This one is a short seller's dream.
Paid promotional articles and commercials have run their course. Should drop rather quickly now to the levels it was before the stock promotion program began. The only thing this company has to sell is its own stock.
We're on the same page. I'm shorting on every pop above $19 if I can get them, which isn't always possible or with the size I'd like. The only long term risk I can see going forward is having a forced buy-in, due to the low float of this scam, causing me to have to cover early before my profit reaches its full potential. I doubt they have much money left to pay for up front TV pumping ads or fake PR news from the "MarketWired" scam outfit. They've even let the paid pumpers on this board go, as none of them showed up today. They might possibly have another trick or two left to play, but this gig is just about up.
An hour and a half left in the trading day and it does not appear LIVE will close above $19. But then again, as we've seen, they like to manipulate it up in the last 5 minutes to paint the tape. More fraud that will end soon.
Networks probably require upfront cash to run those ads. Cash is a commodity in very short supply a LiveScam.
They must not be paying their pumpers anymore as well. Their absence on the board today speaks volumes.
Simply a matter of time. It'll take longer than a week I suspect. freespeech has a valid point when he feels they want to keep the manipulated price up until the fake split. I continue to attempt to acquire as many shares as I can over $19.
Agree. Without the volume and fake pumping "news" releases, this bloated pig will start to tank.
I predict that sooner or later the general market sell-off, coupled with the absolute horrible fundamentals will catch up this shell game company. I continue to build my short position over $19.
Who cares? Everyone has an opinion. Nothing said on these boards will move the stock one way or another. Trade what you see.
We'll see. The great "Deal Central" PR didn't bounce it much. After the drubbing earlier this week, a whole lot of folks are having second thoughts about jumping on the ask. Day traders will be moving on to the next 'hot stock' soon and leave these new 'investors' holding some very heavy bags. I've accumulated some short shares above $19 and can sit on them until it happens.
Sentiment: Strong Sell
Sooner or later fundamentals catch up with every stock. This one's time is coming.
Sentiment: Strong Sell
It wasn't really at $400. That just takes into account all the reverse splits over the years. You are right about the scam part though. Always has been, always will be.
As P.T. Barnum said, "There's a sucker born every minute."
barchart is a good site if you want to see the past. If you want the future?? Not So Much.
I wouldn't exactly call it a 'plunge' just yet, but it's definitely starting to break down. I'm building a short position over $19 as we speak. Expect a full meltdown here in 30 days timeframe.
It's in evitable that this will end badly for the longs who simply hold "long term". Only question is when. Momo already way down from last week, but still have some 'believers' willing to buy into the scam. Couple more weeks in the teens I think before the really big downage. Starting to build a short position now.
They get away with it because the unsophisticated 'investors' here are not very market savvy. They continually buy with market orders, which in turn allows the mm's to jack up the price before filling the orders. Same thing on the sell side. Can't blame the mm's here, the amateurs are just asking to be skewed.