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PHUN (Phunware Inc.) - its still on a run
Posted on 10/25/21 at 10:19 am
Posted on 10/25/21 at 10:19 am
i have 1000 shares i got friday after hours @ $7.75 just wish i had the stones to have waited because it dropped to $6.05 before rebounding again.
it opened at $10 this morning and since then it has dropped to $8 and seems to be floating between $8-$9
it still seems very active so after the morning profit takers cash out, i expect it to go on another run because of the high trade volumes involved in this stock (149,789,347 volume so far as of 10:20am today).
i doubt it jumps more then 30-45% today but i think its still on most peoples watch lists, so there is still room for some more profit in it
it opened at $10 this morning and since then it has dropped to $8 and seems to be floating between $8-$9
it still seems very active so after the morning profit takers cash out, i expect it to go on another run because of the high trade volumes involved in this stock (149,789,347 volume so far as of 10:20am today).
i doubt it jumps more then 30-45% today but i think its still on most peoples watch lists, so there is still room for some more profit in it
This post was edited on 10/25/21 at 10:21 am
2
Posted on 10/25/21 at 12:05 pm to keakar
it's being manipulated at this point. All the "trump" stocks are now being manipulated by HFT algos. The Charts are nearly identical.
PHUN 180M Volume, 60% buy to 40% sell ratio, yet the stock continues to fall. 70% of trades are being routed through dark pools according to Fintel. They are going suppress buy pressure.
PHUN 180M Volume, 60% buy to 40% sell ratio, yet the stock continues to fall. 70% of trades are being routed through dark pools according to Fintel. They are going suppress buy pressure.
Posted on 10/25/21 at 12:14 pm to LSUStjames
quote:
60% buy to 40% sell ratio, yet the stock continues to fall. 70% of trades are being routed through dark pools according to Fintel
What does this mean?
I sold my PHUN and DWAC though. It’s just not looking like it’s going to spike because like you said they’re suppressing it. Still made a little profit off both
Posted on 10/25/21 at 12:21 pm to deltaland
it means it should be going up in value but instead its dropping because they are pushing buy orders through dark pool while pushing sells/shorts through the lit exchanges. This suppresses buy pressure but allows sell pressure. With a 60/40 buy to sell the stock should be climbing especially with 180M volume.
Trump is due to make an announcement on Thursday, so I'm waiting to see what happens then.
Trump is due to make an announcement on Thursday, so I'm waiting to see what happens then.
Posted on 10/25/21 at 2:25 pm to LSUStjames
yep you must be right, its done nothing but trend down all day after the open
This post was edited on 10/25/21 at 3:22 pm
Posted on 10/25/21 at 2:28 pm to LSUStjames
quote:
it means it should be going up in value but instead its dropping because they are pushing buy orders through dark pool while pushing sells/shorts through the lit exchanges. This suppresses buy pressure but allows sell pressure. With a 60/40 buy to sell the stock should be climbing especially with 180M volume.
Trump is due to make an announcement on Thursday, so I'm waiting to see what happens then.
isnt what they are doing highly illegal? where is the SEC to halt this illegal stock price manipulation?
This post was edited on 10/25/21 at 3:06 pm
Posted on 10/25/21 at 3:26 pm to keakar
Our govt agencies these days only selectively enforce laws depending on political leanings.
Trump should sue if that’s what is occurring
Trump should sue if that’s what is occurring
Posted on 10/25/21 at 3:42 pm to deltaland
Big boys do what they want.
Posted on 10/25/21 at 5:07 pm to deltaland
quote:
Our govt agencies these days only selectively enforce laws depending on political leanings.
aint that the truth
quote:
Trump should sue if that’s what is occurring
while i agree somebody should be sued over this, and i think someone should go to jail over it, i dont think this is a trump owned entity, but rather a company that is associated with trump right?
Posted on 10/25/21 at 5:08 pm to keakar
So, Trump had no standing? Figures.
Posted on 10/25/21 at 6:04 pm to deltaland
I got lucky as hell this morning. I set a buy at the open on dwac when it was like 20%. Didn’t go through because of a hold. Cancelled that bitch with the quickness
Posted on 10/26/21 at 9:09 am to xxTIMMYxx
well PHUN is at $4.59 right now if a brave soul wanted to get back in
This post was edited on 10/26/21 at 9:23 am
Posted on 10/26/21 at 12:35 pm to LSUStjames
quote:
it's being manipulated at this point. All the "trump" stocks are now being manipulated by HFT algos. The Charts are nearly identical.
PHUN 180M Volume, 60% buy to 40% sell ratio, yet the stock continues to fall. 70% of trades are being routed through dark pools according to Fintel. They are going suppress buy pressure.
this is why i completely gave up on buying any regular stocks its a rigged system rife with gaming and manipulation so its impossible to justify being in a rigged game you cant win.
i would imagine what they are doing is gaming it to make money shorting while hurting the regular investors
Posted on 10/26/21 at 3:44 pm to LSUStjames
quote:Does this explain why it's so much more volatile in after hours trading even with way less volume? Or does that always happen?
it means it should be going up in value but instead its dropping because they are pushing buy orders through dark pool while pushing sells/shorts through the lit exchanges. This suppresses buy pressure but allows sell pressure. With a 60/40 buy to sell the stock should be climbing especially with 180M volume.
Posted on 10/26/21 at 5:09 pm to OldSouth
quote:
Does this explain why it's so much more volatile in after hours trading
not sure, but i always attributed after hours volatility with shorts covering their trades
for what its worth, i did see this news out on it today
quote:
Phunware Inc (NASDAQ: PHUN) shares are trading lower after a company filing showed registration for a roughly $48.5 million share common stock shelf offering.
The SEC filing from Phunware states: "We have previously entered into an At Market Issuance Sales Agreement, or the Sales Agreement, with B. Riley Securities, Inc., or B. Riley, relating to the offer and sale of shares of our Common Stock, par value $0.0001 per share, offered by this prospectus supplement through or to B. Riley as our agent or principal."
"In accordance with the terms of the Sales Agreement, under this prospectus supplement we may offer and sell shares of our Common Stock having an aggregate offering price of up to $48,537,500," Phunware stated.
Posted on 10/26/21 at 9:29 pm to OldSouth
After hours is more volatile due to lower volume
Posted on 10/26/21 at 9:53 pm to keakar
I did / do a lot of research on this one at Phun.org
Posted on 10/27/21 at 7:43 am to LetsgoGamecocks
Back over 5 dollars right now might see a jump at open
Posted on 10/27/21 at 8:25 am to deltaland
Gents - I've worked with this company as a partner and know several people inside who are there currently and who left. I wouldn't put an enemy's money into this company. And I'm no snowflake.
Posted on 10/27/21 at 8:31 am to austiger
Tell us how you really feel 
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