Wondering the same.
Folks post seemingly good news and I don't understand it bit have high hopes.
Folks post seemingly good news and I don't understand it bit have high hopes.
Penny Stock Thread
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Last: 2 yr ago by LatinAggie1997
it means that the stock is moving on low volume. Volume is the amount of stock traded on a given day. Float refers to number of outstanding shares. If there is a high amount of outstanding shares, it takes greater volume to move the needle. Look at HCMC for example, the number of outstanding shares is ridiculously high at 307 billion and it has a market cap of 277 million. The volume on HCMC is 767 million and it's moved downward at 5%. The greater the float/outstanding shares, the greater the volume needed to move the needle. Now let's look at HMBL, down 2% with volume of 4.23 million. It has 3.3 million shares outstanding with a market cap of 774 million. That means the float is locked up and it takes very little to move the needle. We don't exactly know what the outstanding shares and market cap will be with EGOC but Etrade has it at a 25.6 million market cap with 800 million shares outstanding. That's why I think EGOC's float is locked and it's outstanding shares is closer to 57 million than 800 million. The float is very nearly locked up already and with news like an 8k filing, could trigger massive buying volume on a low float stock like this that would send the price upward very quickly. A 50 million volume day would be 8 times higher in just one day with current levels. It's all very exciting.
Tibbers said:
it means that the stock is moving on low volume. Volume is the amount of stock traded on a given day. Float refers to number of outstanding shares. If there is a high amount of outstanding shares, it takes greater volume to move the needle. Look at HCMC for example, the number of outstanding shares is ridiculously high at 307 billion and it has a market cap of 277 million. The volume on HCMC is 767 million and it's moved downward at 5%. The greater the float/outstanding shares, the greater the volume needed to move the needle. Now let's look at HMBL, down 2% with volume of 4.23 million. It has 3.3 million shares outstanding with a market cap of 774 million. That means the float is locked up and it takes very little to move the needle. We don't exactly know what the outstanding shares and market cap will be with EGOC but Etrade has it at a 25.6 million market cap with 800 million shares outstanding. That's why I think EGOC's float is locked and it's outstanding shares is closer to 57 million than 800 million. The float is very nearly locked up already and with news like an 8k filing, could trigger massive buying volume on a low float stock like this that would send the price upward very quickly. A 50 million volume day would be 8 times higher in just one day with current levels. It's all very exciting.
Exciting as in:
1. Yay I got two payment of my Kia paid by this stock
Or
2. Yay I don't know what color lambo I want
Or
3. Yay, I don't know which hooker I'd like to do blow off first
Well, I have no idea how many shares you have so it depends on that, but I'm hearing from reputable people that 4-10 dollars is in order here. I can't wrap my head around that possibility but it's certainly possible if they plan on uplisting to NASDAQ. Pangbo has said they want to do so in 3-6 months. That sounds extremely ambitious to say the least. I don't think it will happen in that short of a time but who really knows with the amount of money being collected to buy shares in China. I only have 400k shares but that would still mean 1.6-4 million for me. That would be nice and I'd never really have to work again and could afford to help my coworkers with their coffee/tea business so that would be really fun. I'm already sitting at two-three jeep payments with this stock. hooray!
Hoping excitement meaning $1-$2 with possibilities of $4-$5
Did someone say $4-$10????
Yikes, my issue would be freaking out how to determine the peak...anybody know how to tell or come close to maximize gains????
Yikes, my issue would be freaking out how to determine the peak...anybody know how to tell or come close to maximize gains????
Worth a shot
No, I've learned through HMBL though that you make a price in your head and stick to that sum and live with not being able to time the market. Stocks can go up meteorically and they can do the same in the opposite direction. Greed will nab you if you aren't careful.
I'm sitting mentally at $1 to make the decisions I need to keep going, scale back, or sell it off. Or at least in that neighborhood.
Somebody dumped their shares at .024 half an hour before close. Which looked close to $1k. At least wait for $30k.
Somebody dumped their shares at .024 half an hour before close. Which looked close to $1k. At least wait for $30k.
I only have 70k shares of EGOC. Contemplating taking the loss in HMBL to buy more EGOC. This is in my Roth account so I can't touch it for 20 or so years. But I do have to say it's doing pretty good considering I opened this account with about $650.00 and haven't added anything to it. All growth has been organic. Sitting at just under $5,000 now. So enough to pay off a Kia would be huge for me
They make decent retirement vehicles by the looks of the number of old folks driving around in them.Talon2DSO said:
I only have 70k shares of EGOC. Contemplating taking the loss in HMBL to buy more EGOC. This is in my Roth account so I can't touch it for 20 or so years. But I do have to say it's doing pretty good considering I opened this account with about $650.00 and haven't added anything to it. All growth has been organic. Sitting at just under $5,000 now. So enough to pay off a Kia would be huge for me
I have a limit order to sell 1k shares at 0.5 which would more than 2x my investment, and hold my other shares for the ride.
$10 seems like a pie in the sky, but man, even $1 would be amazing. Not life changing money or anything but some damn good money.
$10 seems like a pie in the sky, but man, even $1 would be amazing. Not life changing money or anything but some damn good money.
As the price goes up hopefully folks on here will be gauging the news and action and will post their opinions as to what might happen next (keep trending up or likely drop).
Perhaps by then OA will posting about it regularly.
Perhaps by then OA will posting about it regularly.
EGOC won't make me a millionaire but I'm hoping I get to sell enough covered calls by that point that we get there before I retire.
Talon2DSO said:
EGOC won't make me a millionaire but I'm hoping I get to sell enough covered calls by that point that we get there before I retire.
What does that mean?
Will it benefit me to do that or to just sell or both?
I want to maximize my potential.
LatinAggie1997 said:
As the price goes up hopefully folks on here will be gauging the news and action and will post their opinions as to what might happen next (keep trending up or likely drop).
Perhaps by then OA will posting about it regularly.
We are in this together latinaggie. Discussions will be plentiful as we continue to see what happens. I will be sure to tell you all I know on the subject though my knowledge with the stock market is very low.
I'm holding long with hopes that someday options become available. If, and that's a huge if, that happens, my strategy will change.
Update on EGOC by MM7....he seems happy
Link?
$EGOC -- The three major groups have joined forces to jointly promote the EGOC transfer process --
— M_M7 (@bluegrass_otc) August 3, 2021
Baiyi Group, Pangbo Group, and China Australia Investment Group --Getting Very Interesting now!!https://t.co/CSUhqi64WI
Eyes of texas Crying
Thanks.
I'm 99% of the time on my cell and limited to what I can do ....mostly from lack of know how.
I'm 99% of the time on my cell and limited to what I can do ....mostly from lack of know how.
We are going to be so rich
YourFavAggie said:$EGOC -- The three major groups have joined forces to jointly promote the EGOC transfer process --
— M_M7 (@bluegrass_otc) August 3, 2021
Baiyi Group, Pangbo Group, and China Australia Investment Group --Getting Very Interesting now!!https://t.co/CSUhqi64WI
Well that reads quite clearly to me that the CCP will be backing EGOC and their endeavors.
It moved.
Maybe so. It's going to be bloody for a while though even with a good 10k. Lots of triggers pulled sub-$1 to get through unless they actually make the Nasdaq.
I have 500k so I'm as wishful as anyone but tempering emotions is the tricky part.
I have 500k so I'm as wishful as anyone but tempering emotions is the tricky part.
I keep telling myself that the Lord's will be done...and naturally I would like life changing returns, I would be thankful with all my bills paid off and enough leftover to help my daughter and granddaughter...after 10% to the church either way.
We think a lot alike. Our 10% here will have to wait a bit but it will be paid. The way we see it, everything we earn isn't ours anyway. God doesn't intend us to be the recipient of the blessing but rather a PARTICIPANT in the blessing. Our responsibility is to pass it along as we are commanded to
EGOC still a buy at .0245?
Amen to Talon & Latin.
Glad to see there are still folks who think like y'all do!
Glad to see there are still folks who think like y'all do!
If we're going to $10 then I'd say so.Jet Black said:
EGOC still a buy at .0245?
Where can I get in on EGOC? Fidelity won't let me
How I see it ....
If it gets to $.39 you made approx. 10x your original investment after short term capital gains tax.
Big IF but that's why people say only put into what you are willing to lose.
If it gets to $.39 you made approx. 10x your original investment after short term capital gains tax.
Big IF but that's why people say only put into what you are willing to lose.
Talon2DSO said:
We think a lot alike. Our 10% here will have to wait a bit but it will be paid. The way we see it, everything we earn isn't ours anyway. God doesn't intend us to be the recipient of the blessing but rather a PARTICIPANT in the blessing. Our responsibility is to pass it along as we are commanded to
Yes sir and right you are. This is all a gift meant to be used wisely and to further others' goals. We are only conduits to His mercy.
Tyrone_The_Tuna said:
Where can I get in on EGOC? Fidelity won't let me
TDA is what I used. Although keep in mind it won't be easy to liquidate it if they don't become current this month.
Some Twitter chatter about good news coming and an expectation of price doubling today to tomorrow.
Sorry, I don't Twitter...just signed up recently to follow a few folks and groups.
Sorry, I don't Twitter...just signed up recently to follow a few folks and groups.
why do they believe it's going to double? based on what?
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