Reply:
pm5000,
It could, indeed. Here's what you need to know.
Market Makers are playing their games (they control the buying and selling). They want to keep the ordering....flowing. It was beyond evident this morning right before the bell rung for the market to open. The bid/ask shot up/gapped up hard and then shot down pre-market/as the market opened.
The Bid/Ask was $0.003 in those few seconds pre-market!
Ok, here's another sign; the share price hit $0.0025, then gapped back down, right after the market opened.......Then someone on another board said their shares were sold at $0.0025. The poster couldn't believe it. He then called this buyer out and belittles this buyer on the whole board for being stupid. The poster couldn't believe someone actually set there buy order at $0.0025. My first thoughts on it was he was a short-seller not only bashing the stock,...but a Market Maker was looking out for him..also. He made his money on the gapping up/down (seconds in the morning) and shorting the stock on the way down the whole day. He was then bashing the stock from there on out. (My opinion)
On that note, there were some posters on that board saying the Merger is fake because they got a return email from Canoe Pool in China basically saying the Merger will not happen, and therefore all this volume is from a false pump and dump, everyone was an idiot, because the merger was never going to happen to begin with, we're all fools, the CEO scammed us again,.etc.
For the record, Companies cannot talk about Mergers, it's against the law. Especially when a Chinese Powerhouse like Canoe Pool who is owned by BitMain (as a subsidary) wants to go into business in the USA. I'm sure the SEC is watching closely.
Alright, point being, the MMs are going to play games and therefore create fireworks. Investors/Traders are going to be messed with (there minds). Will they give into MM's games.....?
The MMs want to shake your shares out. They don't want you to hold them. They can't make money that way.
As a Long,....you have to hold steady, thick and thin. When the new valuation from the MERGER kicks in; On that day, it wont matter how low the share price went or how manipulated the stock was by the MMs in the past.
Going back, if you sold your shares or a majority of them from $0.0001 up to $0.0029, you lost your chance to make it big after the new valuation hits from the Merger, whether it's Millions or it's Billions, in the valuaton, we'll find out. Unless MMs sink the stock really low to shake you again, which is always a possibility.
They'll sink low, (no pun intended) expect it.
For the short-termers, they made some good money, don't get me wrong.
But the GAINS from the post-merger will outweigh all of it, hence why I am Long.
Posted On: 10/12/2017 8:41:18 PM
Posted By: pm5000
Re: Maker13 #189
Do you think SANP will keep dropping?
pm5000,
It could, indeed. Here's what you need to know.
Market Makers are playing their games (they control the buying and selling). They want to keep the ordering....flowing. It was beyond evident this morning right before the bell rung for the market to open. The bid/ask shot up/gapped up hard and then shot down pre-market/as the market opened.
The Bid/Ask was $0.003 in those few seconds pre-market!
Ok, here's another sign; the share price hit $0.0025, then gapped back down, right after the market opened.......Then someone on another board said their shares were sold at $0.0025. The poster couldn't believe it. He then called this buyer out and belittles this buyer on the whole board for being stupid. The poster couldn't believe someone actually set there buy order at $0.0025. My first thoughts on it was he was a short-seller not only bashing the stock,...but a Market Maker was looking out for him..also. He made his money on the gapping up/down (seconds in the morning) and shorting the stock on the way down the whole day. He was then bashing the stock from there on out. (My opinion)
On that note, there were some posters on that board saying the Merger is fake because they got a return email from Canoe Pool in China basically saying the Merger will not happen, and therefore all this volume is from a false pump and dump, everyone was an idiot, because the merger was never going to happen to begin with, we're all fools, the CEO scammed us again,.etc.
For the record, Companies cannot talk about Mergers, it's against the law. Especially when a Chinese Powerhouse like Canoe Pool who is owned by BitMain (as a subsidary) wants to go into business in the USA. I'm sure the SEC is watching closely.
Alright, point being, the MMs are going to play games and therefore create fireworks. Investors/Traders are going to be messed with (there minds). Will they give into MM's games.....?
The MMs want to shake your shares out. They don't want you to hold them. They can't make money that way.
As a Long,....you have to hold steady, thick and thin. When the new valuation from the MERGER kicks in; On that day, it wont matter how low the share price went or how manipulated the stock was by the MMs in the past.
Going back, if you sold your shares or a majority of them from $0.0001 up to $0.0029, you lost your chance to make it big after the new valuation hits from the Merger, whether it's Millions or it's Billions, in the valuaton, we'll find out. Unless MMs sink the stock really low to shake you again, which is always a possibility.
They'll sink low, (no pun intended) expect it.
For the short-termers, they made some good money, don't get me wrong.
But the GAINS from the post-merger will outweigh all of it, hence why I am Long.
Posted On: 10/12/2017 8:41:18 PM
Posted By: pm5000
Re: Maker13 #189
Do you think SANP will keep dropping?
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