Wow that chart looks nice. Looks like it ran from .20 to 3.50 back in 2016. I just wonder how much dilution has occurred since then? There seems to be a rather large float. What was your entry? Looks like some solid PR is due up later this week.
-
Hello, please take a minute to check out our awesome content, contributed by the wonderful members of our community. We hope you'll add your own thoughts and opinions by making a free account!
Misc Stock Market
- Thread starter ForsythSnow
- Start date
im in at $1.45. But, this is so speculative, just going to wait until Friday when the report is released. I think it could run to $6-$7 next week if it get positive news. But, If it’s a bad report this could go back to .20.
LickWx
Member
Well could it be like BOXL where the rumor acted as the news so it ran up and then not much more after the news ?
LickWx
Member
Nope . Not buying , I only buy what @Jimmy Hypocracy and @snowlover91 buy
. If jimmy no like then I no like! Nah in all seriousness does sound like waiting to get in sometime around Friday would be best . 1.45 to .20 is a scary potential!
This is potentially 2.5 billion dollar news coming to a 400 million mkt cap company.
snowlover91
Member
I think this could be similar but if an official PR is released confirming what was circulating today then this will take off with news. It’s always hard to tell though, especially not knowing what will happen. A conference call at 2pm tomorrow may reveal more.
snowlover91
Member
Ugh TELL with an offering at $1/share. Not the news I was looking for this AM.
LickWx
Member
Sell time ?
snowlover91
Member
I think I’m going to hold until the offering closes as many times a stock will pop back up after that. Hopefully we get some good news in the 2pm conference today but man that hurt.
LickWx
Member
Yeah today so far has been my biggest loss! I didn’t lose money on TNXP but I sold too late. Should have sold yesterday or day before because pre market cut my Gains. Would have took loss if I waited . I’m at a loss for TELL right now . Think we can get @Jimmy Hypocracy to cover all our losses so I’m ok.
snowlover91
Member
What did you buy in at for TELL? I think it will work its way back up, usually there is a sharp drop when an offering is announced followed by a gradual recovery. The offering period appears to be very short and it could potentially be needed for the deal they're working on. I'm in at $1.19 so still a small gain right now with it at $1.33, the conference call at 2pm today will hopefully have some good news in it.
LickWx
Member
I bought in late at 1.42 !
snowlover91
Member
Its not too far from that right now fortunately! I’m hoping for some good news at the conference today and then Friday when the offering closes maybe a pop.
LickWx
Member
I read something about the deal not being finalized till December .
snowlover91
Member
They have until December to make the deal official but the MOU was supposedly renewed which is pretty big... and it could be the offering is part of the negotiation process for a deal, but that is a lot of speculation on my part. Usually the day of the offering is the worst day and then things slowly improve after.
Jon
Member
This is what happens when penny stocks get pumped, people lose real cash. What you guys are suggesting is becoming long term bag holders. This is the risk with pink sheets and yeah, it sucks, but my advice is know when to take a loss and move on.
The Sunk Cost Fallacy: What it is and how to avoid it
This article highlights what economists call the Sunk Cost Fallacy (or the Sunk Cost Effect). In the parlance of the advice community, it's sometimes called "get-even-itis."
www.zeninvestor.org
That TELL offering was a momentum killer this morning. Took my gains over to CDNT to play the reversal.
You need to set a stop loss is you’re playing with a lot of money.This is what happens when penny stocks get pumped, people lose real cash. What you guys are suggesting is becoming long term bag holders. This is the risk with pink sheets and yeah, it sucks, but my advice is know when to take a loss and move on.
The Sunk Cost Fallacy: What it is and how to avoid it
This article highlights what economists call the Sunk Cost Fallacy (or the Sunk Cost Effect). In the parlance of the advice community, it's sometimes called "get-even-itis."www.zeninvestor.org
Jon
Member
Yes, always. But many novice traders who dabble in penny stocks don’t have them in place. $TELL allows them, but most brokers don’t allow stop loss on otc stocks which is why they’re so risky.
snowlover91
Member
This is what happens when penny stocks get pumped, people lose real cash. What you guys are suggesting is becoming long term bag holders. This is the risk with pink sheets and yeah, it sucks, but my advice is know when to take a loss and move on.
The Sunk Cost Fallacy: What it is and how to avoid it
This article highlights what economists call the Sunk Cost Fallacy (or the Sunk Cost Effect). In the parlance of the advice community, it's sometimes called "get-even-itis."www.zeninvestor.org
I've played stocks like TELL many times before, I'm not planning to hold it long term and become a bagholder. The news this AM about the offering stinks but I also anticipate this bouncing back when the offering closes. It has been my experience that these offerings usually provide a nice floor and near the end of the offering you'll get a nice pop from traders who look to play the stock as the offering closes. INMB was a recent one I played that way, offering was to $10 and it dropped from the 20s down to $10.50-11 range and then popped up to $14-15 after the offering closed.