Lost some profits as I wasn't looking, so much for confidence..
Hey, I like to cheerlead sometimes myself, but not when all it does is makes the MMs money, and not me. They didn't need to do that eod whackfest. They were selling shares on the way up to .087. There was no call for them to kill the momo, other than just being greedy SOBs selling discounted shares.
DRIO Stock Message Board http://investorshangout.com/LabStyle-Innovati...RIO-87707/
And just why is that? Do you really need it to drop so you can get back in?
ASCM is a shorter but yes BKRT was diluting and is finished after that cross trade. We still have ARCA to deal with who is the "lead dog" if you will... WORL is gone as well after a nice cross trade... And BKMN backed off to $8 but that remains to be seen, so BKRT , and WORL are def gone which is 2/4 is BKMN is gone that'll be big.... ARCA is the main concern, and ARCA backs off a bit so lets see what L2 looks like tomorrow, we are very close to being finished and the cross trades are evidence of that.
welcome!! Great entry should be moving up from here
$DRIO Grabbed a Few Near Close At .0736.
Good stuff. No cheerleading needed.
one wild stock here.
The company said they were done issuing shares. They didn't say the entity they issued them to is done unloading them. BIG difference, and today's eod is evidence of it.
Each time a certain MM disappears, we take for granted that they're gone for good. One disappears, but soon enough, another one pops up. So far, ASCM, BKRT, BKMM, and WORL have all taken turns coming and going. Obviously, the dilution isn't over yet. Yes, they let it breathe a bit, then start all over, where they get a higher pps for their shares.
Nonetheless, boardmarks are steadily rising and this means more people to soak up those new shares. Eventually, they will be done unloading and the pps will rise without sudden/severe pullbacks.
Personally though, we'd be better off letting them unload their shares cheap (.06-.07), rather than to bid the pps up to .08-.09 (or higher) again, only to have it get whacked back down.
They're gonna sell no matter what. It's foolish to give them .087 when they'll take .073 (or even lower) an hour later.
something ultra bullish would be ANOTHER higher highs, higher lows candle tomorrow
I don't think we test those low .06s, and also IMO the dilution is done, they did have an additional 4-5m shares per the 8-K in "additional financing" thats what we can be seeing... But this needs to start churning in the .08s-.09s strong buys in these low .07s, therefore i see it becoming a base
yes a big money fire...
anyone still in this is playing with fire
Slowly. Very, very slowly.
Problem with today's 'powerhour' whackfest is it stole alotta the confidence and momo that took all day to build. People aren't gonna be as quick to run the pps up now that they've seen how quick and easily it still gets beaten back down.
And, whether you or anyone else agrees with me, it was dilution, plain and simple. Maybe a bit of panic selling/profit taking also, but only because of the dilution.
Since the major dilution began (last Monday), a total of 121M shares have traded. That's not quite enough yet to soak up 49M new shares, considering how many people are flipping this.
Your chart suggests another dip to .068-.069 range, and that's hoping/providing the whacking draws the line like your chart does.
105 Board followers now! Up from 72 last time I looked yesterday. Interest in this one is def growing fast!
Thought it had it today..
There's always tomorrow. Gl
DRIO
Great, looking forward to have you back on the DRIO wave! Time to ride this into the teens and the 20s
Higher highs and higher lows... Looking for re entry in the morning
DRIO
yup today had some big swings, tomorrow should be greeeeeen