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Posted On: 02/11/2017 4:03:45 PM
Post# of 98197
My pick is $KOSK. Last week it was over 100%. Tue-Thurs volume was increasing. Friday, volume dropped off but went up on news. It would seem the timing of the news was perfect seeing the volume did not show up in the morning. To me, the MM/company are now going to take the time to inform investors about the company.
It appears the MM/Bid spread was far enough apart to hold off sellers. Someone who bought Wed/Thur couldn't take a profit unless they put up their own Ask. Could be good/bad, we'll see. Watching the ticks, you could see Bids at .0135 but only 20,000 w/Ask at 17.5 for 100k. I've seen at least 10 Bids of 13.5@200K show up without a fill so I think this is a good entry point. Of course there needs to be buyers. I think the company/MM will take this move and go with it. Why would they not? I don't see any T-Trades yet either. This is a weird one.
Next week I think we'll actually see less volume (500K - 1m a day) seeing the news didn't increase volume. Still under the radar? Those holding do not like less volume obviously however, nobody is willing to sell 200K blocks at 13.5. I mean, that's a double for those just holding last week? What gives? With no T-trades who are the holders? Someone privy to this news who in no way wants to sell? Weird, yepper...
This could go through the roof. I've seen 4 asks lined up to bring the price up .005 on just a 100K fill. Course, it can go the other way for those holding that much, which isn't hardly any money but it's a losing proposition to sell at this point as mentioned above. I think we will continue to see 30k bids and 100k asks otherwise, at 30/30 it goes to .75 on very little volume.
So if I had to guess (And the reason why I think this is a good stock to call here) is that:
- Good entry point as described above.
- Profit selling for the MM holding say10m+ shares just isn't going to happen. If they sold just 2m shares we'd be at .0005 again. Investors would give up and they'd be counting dust particals for another 8 month on it. I think they learned that the last time.
- We are very close to the next resistance, .020 (Closed Friday at .0172 w/high of .018). If we get past .026ish, it goes to .13.
Please do your own DD. This is just my opinion. Full disclosure, I own 132k shares. I'll be adding in small blocks as I hope it continues up. My super stupid guess for where it ends Friday... .065 which will be after a pullback.
It appears the MM/Bid spread was far enough apart to hold off sellers. Someone who bought Wed/Thur couldn't take a profit unless they put up their own Ask. Could be good/bad, we'll see. Watching the ticks, you could see Bids at .0135 but only 20,000 w/Ask at 17.5 for 100k. I've seen at least 10 Bids of 13.5@200K show up without a fill so I think this is a good entry point. Of course there needs to be buyers. I think the company/MM will take this move and go with it. Why would they not? I don't see any T-Trades yet either. This is a weird one.
Next week I think we'll actually see less volume (500K - 1m a day) seeing the news didn't increase volume. Still under the radar? Those holding do not like less volume obviously however, nobody is willing to sell 200K blocks at 13.5. I mean, that's a double for those just holding last week? What gives? With no T-trades who are the holders? Someone privy to this news who in no way wants to sell? Weird, yepper...
This could go through the roof. I've seen 4 asks lined up to bring the price up .005 on just a 100K fill. Course, it can go the other way for those holding that much, which isn't hardly any money but it's a losing proposition to sell at this point as mentioned above. I think we will continue to see 30k bids and 100k asks otherwise, at 30/30 it goes to .75 on very little volume.
So if I had to guess (And the reason why I think this is a good stock to call here) is that:
- Good entry point as described above.
- Profit selling for the MM holding say10m+ shares just isn't going to happen. If they sold just 2m shares we'd be at .0005 again. Investors would give up and they'd be counting dust particals for another 8 month on it. I think they learned that the last time.
- We are very close to the next resistance, .020 (Closed Friday at .0172 w/high of .018). If we get past .026ish, it goes to .13.
Please do your own DD. This is just my opinion. Full disclosure, I own 132k shares. I'll be adding in small blocks as I hope it continues up. My super stupid guess for where it ends Friday... .065 which will be after a pullback.
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