RE:The Math Doesn't lie-
Damn1212 wrote: 193 000 000 Shares were bouch at 4 cents and higher which means 99% of investors in NXO are underwater .
yet ... we have a poster who uses many profiles who keeps claiming hes making a profit by swing trading.
We all know this is simply false.
hes been saying the same thing for years yet the math never works out .
Take yesterday for example
They claim to have bought at 4 and sold at 3.5
Yet if we look at trades only 8000 shares traded at 4 and then 90k shares were dumped on the 3.5 bid.
So this Delusional person wants us to believe they bought the previous day at 3.5 .... then sold the only 8000 shares of the day traded at 4 cents while 92% of the shares that day traded at 3.5 cents
All that for 40$ minus commision LOL
Ohh please ... Tell a us a snata clause story ...it will be more realistic !
Math doesn't lie, but some posters certainly do. Let's look at the Pythagoras and Euclid of stockhouse math in detail. After all, Financial analysis is the backbone of investing.
"193 000 000 were bouch at 4 cents and higher which means 99% of investors in NXO are underwater . "
Ohhh, so close! Like the 49ers last night losing by a missed convert. When the stock trades at a new all time low, 100% of investors are underwater. Sorry, that's math. The only investors not underwater are those that sold at higher prices. Like me. Some are above water, some are at the surface, and most took their lumps and are under water but not scraping the bottom. The actual number is 195,217,675. But, I'll give you a "close enough" on that as the difference is immaterial.
yet ... we have a poster who uses many profiles who keeps claiming hes making a profit by swing trading.
Ohhh, so close! Well, no, not really. There is no such poster claiming to be "making a profit by swing trading". As in current tense. The grammar is as bad as the math. I did make a profit on a trade, once, months ago to prove a point. A point that still escapes Euclid. Another fellow poster , correctly, pointed out it was theoretically possible to make day trades at a profit because the bid/ask or buy/sell spread is so large as a %. Mathematically true, but contrary to the Euclid theories so this was summarily dismissed, attacked, and bashed. No, I doesn't mean anyone is doing any day trades. Only that the Euclid proposition that it can't ever be done, just isn't true. As for multiple profiles, I can only make 2 absolute observations. 1) I only have the one username and I use the same name on every platform I post on. 2) the most prolific and longest lived member on this board has multiple usernames on multiple platforms.
"We all know this is simply false.
hes been saying the same thing for years yet the math never works out . "
Ohhh, so close! Well, no, not even close this time. I'm pretty sure I'm the reference of this gaslit fantasy and "WE" all know I never posted on this board before a few months ago. It just seems longer. LOL. That pesky math rears it's head again. It's 100% false to say "yet the math never works out". It's been entirely possible, many, many , many times to trade this stock at a profit. Not saying I did. Not saying anyone did. I'm just saying "never works out" is completely untrue. And "WE" all know this. The math that NEVER worked was the buy and never sell a single share, hold it all the way down from $1 to 3 cents plan. And I'm only aware of one participant in that lose 97% of your investment plan.
Let's skip the rest. The confused embarrassing buy at 4, sell at 3.5 accusation has been covered. Commissions don't matter I guess if you hold 10+ million shares with a commitment to never sell a share, but as an FYI for my fellow actual real investors, National Bank is advertising on BNN a zero commission account as is commonly offered in the USA. TD even offers zero commission trading on its USA accounts but refuses to match those terms for Canadian accounts. So let's all complain to our online direct brokers until one of the big ones flinches and they all cave and offer zero commission trading. They skim enough off the float as it is or they wouldn't bother with any retail account under 10 million. LOL. Please post and/or send a DM if you succeed, so we can all get that offer. Cheers and GLTA.