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Consumer Cyclical Media - Diversified

"VidWRX Inc is engaged in developing and operating cloud-based video content production platforms and video production series targeting the business and news markets across North America."

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VIDWRX INC > Can someone check my math?

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Post by Vantechie76 on Apr 18, 2015 10:34am

Can someone check my math?

Was looking at share volume on VID since March 11 when it closed at $0.30 and has traded mostly above .30 since. It looks like more than 40M shares have changed hands which is more than the float. I'm assuming insiders haven't been selling and won't be at these levels, maybe if it runs up to $1. So it's clearly a lot of traders but most of them are going to be in above .30. So who are the sellers that are going to drive this down to the 20s? It seems like it could fall a bit more but there should be support here. And if some of the big houses who were buying on the run up stick with it then we could bounce back to .40. I don't think we'll see $1 any time soon but if it can trade above .40 and announce 1-2 of these "anchor" deals and decent financials then should be moving higher again.

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Comment by Investforever on Apr 18, 2015 4:45pm

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Comment by makingmoneynow on Apr 19, 2015 2:27am

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Comment by Investforever on Apr 19, 2015 11:33am

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Comment by Vantechie76 on Apr 19, 2015 12:28pm

Thanks MMN. I think (and hope) you're right. I never expected VID to go to $1 right away like some people on this board but I was surprised at how aggressive the selling was all last week. Here's hoping smart money is back buying at these levels.

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Comment by Flatfishohmoney on Apr 20, 2015 5:48pm

Down again today...I still think we are going to see under $0.30 by EOD Friday :( On one side of the coin I would be happy to see it get to the low 0.20 range so I can buy another 100k shares, on the flip side I am already making profit and I am slowly watching it go away. F.............

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Comment by Vantechie76 on Apr 20, 2015 7:23pm

Maybe I'm being too optimistic but so far it's testing and holding at $0.34-35. I think we could see a small uptick in the next couple of days but your guess is as good as mine. The fact that it's still trading decent volume is a good sign. And the fact that these boards were so quiet today may indicate some of the traders are gone and real investors will settle in for the longer haul. ...more

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Comment by Flatfishohmoney on Apr 24, 2015 5:39pm

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Comment by Vantechie76 on Apr 24, 2015 6:57pm

F - I really hope you're wrong. I still don't understand who is dumping shares at this price. I suppose some people like me bought lower and held too long and may want out. But it seems like almost everything bought below $0.30 should have turned over aside from what's held by insiders.

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Comment by Flatfishohmoney on Apr 24, 2015 7:13pm

I hope I am wrong also. Lets see what next week holds. I think we are going to see it go up on Monday (maybe .34 range) and then it will slowly drop to .31-.28 range by EOD Friday. Hope you have a nice weekend, and best of luck to you. F...............

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Comment by Moneymagnet14 on Apr 24, 2015 8:30pm

People just have to have trust in this company, things are far from being over. I believe we will see this company back up well over 40 cents come next week and then back to 50 the following week. If i'm wrong I will retire from this board with my head hanging in shame...and much poorer. Lol. Have a great weekend everyone.

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