Golden Matrix Group Inc (GMGI) Quote

Another 22K traded between the bid and ask so far today and the price is flat. Think they are almost done covering... time for some end of day buying. IMO.


PokerStar

Just watch these dirty pr*cks on level 2. They always manipulate the price lower on light volume. Easy for them to do it when all the buyers are sitting back, waiting to see how low they take it before they are done covering. You can't fight these dirty MMs...they are always in full control. I'm not positive on the timeframe they have to abide to but I'm sure it's around 3-5 days that they have to cover their short sells. They manage to drop this to $4.49 so far and knowing the next support level is around $4.29, I doubt we see a lot of ask slapping until these pr*cks get the price that low. We could see a quick pop higher at some point today. We must be getting close to them being done covering. I know it's a Friday and we have to also deal with the weekend money grabbers, but if they bought recently, they'd be selling for a loss, and I don't see them doing that. Plus I'm sure they know these dirty MMs will eventually let the buyers run it up, back to and above our recent new 52 week high.


PokerStar

Apparently so. The MMs play this game under the guise of "making a market " for shares. Sad but legal.


PokerStar

And this is legal?

Agreed. I'm all for the usual healthy trading with the usual ups and downs, but these pr*cks are just plain dirty. The dirty MMs control where the price goes... not normal, usual trading. I watched how we traded over 300K shares between $5.20-$5.40. The MMs obviously continuously put up short share blocks on the ask, over and over, making sure that eventually, buyers would take the hint that it wasn't going any higher. That action prompted a bunch of these fliptards to sell sell into the bid, dropping the price, as volume cooled off. They continue placing blocks on the ask to make sure more fliptards sell into the bid. As the price keeps creeping lower, they start buying on the bid to cover and also they buy up everything they can between the bid and ask. That is why when you look at the trades to see the buys versus the sells, they have another column at the end titled "?"! These are all the shares these dirty pr*ck MMs buy between the bid and ask so the price remains in a channel. I'm so sick of these pr*cks and the resident fliptards on this ticker.


PokerStar

No matter what stock you buy, the shorters are like leeches on all these stocks..I would love to meet face to face these turds that teach this type of swing trading. They ruined the market. Unless the SEC comes out with rules, they will always be in control.

Well... after watching an over 300K trading day in the tight range of $5.20-$5.40, there's no doubt these dirty MMs short sold another pile of shares to make sure it didn't break out higher, so they could cover their previous shorts and now their most recent. They already pushed the price below a support @$4.80 and now the next support is around $4.29. Last I heard, the short share count was around 90K. No doubt this goes lower from here. Nobody is ask slapping and volume is dropping. Everything that is playing into the shorts favour to manipulate the price lower. I just hope this is all part of what I believed was healthy trading these last few weeks. I'm hoping these shorts cover soon as we know how fast this can move higher quickly once higher but volume shows up.


PokerStar

And now the dirty pr*cks shorted enough to entice selling. Now under $5 bucks. When will these dirty pr*cks leave this stock alone???


PokerStar

And here comes the dump into the bid. Down to $5.03 after sitting in the $5.30-$5.48 range for the last 600K shares traded!


PokerStar

In my opinion... yes. That or dirty MMs shorting the buys on ask then throwing up lower asks then covering on the bid or between the bid and ask. No reason after a 434K day yesterday with little price movement in either direction then followed up with another 200K day today, with little movement. Something seems off and when that happens, normally these dirty MMs are behind the games.


PokerStar

Does it look like shorters still?

150K traded today and we sit flat for the day. 11K now on the ask @$5.34. Apparently still some loading ongoing in this tight range.


PokerStar

434K shares traded today. Unheard of volume here and watched how we ran into a massive block on the ask of over 60K @$5.37, then watched as we chewed through them. A block like that on the ask in the past would have caused some serious selling and lower prices. Today we just chomped through them. I'm hoping that we witnessed some institutional buying today since we are now above the $5.00 mark, where institutions are now able to buy. Looking for some serious increases in price in the coming days... especially if this kind of volume continues. A lot of interest here now and short term, mid term and long term indicators are all screaming BUY!
Super green days ahead in my opinion. Go GMGIers!


PokerStar

212K traded so far today. Even though we've seen a few blocks dropped on the bid, each time the price recovered quickly. New 52 week high @$5.11. The VWAP is @$5.04, so in my opinion, with higher lows and higher highs so far today, I'm seeing this making an end of day push to higher ground. I'm not seeing any big walls on the ask at the moment, so a possible end of day ask attack is more than possible. Best of luck fellow GMGIers!


PokerStar

They may be playing their games, but they’re having a harder time now when it isn’t just 20-30,000 shares per day.

I think it's more than profit taking. Alot of shorting and day flipping going on with these day traders. Did you forget about the months of getting clobbered by them . They wouldn't let the price climb. They are still there playing their games

Geez Gary, this has gone from $2.22 to $5.05 in less than 20 days. A little profit taking is healthy. This isn’t going to go straight up.

Too many pr**ks selling yet

Boo!

Let’s go!

Stepping up higher nicely..

The magic $5.00 mark breached at 11:19! It came sooner than I thought! 100K volume so far today with serious pressure on the ask. Looking forward to the future here. The MeridianBet merger will be seen as the acquisition that brought us to new highs. Getting back to the $14 previous high looks like it will be attainable at some point. If our quarterly numbers are as good as I think they'll be, many more eyes and interested investors will drive the price higher and higher. All in my opinion of course, but I'm more confident than ever!



PokerStar

$4.91 on 68K volume so far. The first challenge of the ever so important $5.00 mark could happen within minutes. Support here kicked in big time yesterday at the $4.50 area and today, after great consolidation on higher lows, we run again. Expecting this to continue for some time. Every indicator... short, medium and long term all screaming buy. Smart money is coming in after 2 years of manipulated share prices. Shorts can't play like they were with the share price with this increased volume.



PokerStar

244 volume day and after some expected profit taking by some and the expected drop in price that goes along with it, we rebounded nicely to close @$4.73. Higher lows put in and after the early sell off dropping the price to the $4.25 area, after the price rebounded quickly before another binge of profit taking, but the price stabilized in the $4.50 area where buyers stepped up and started buying. Good volume and great consolidation day in my opinion. Way more upside from here. We left some people off that wanted off, I'm sure there were flippers who dumped shares then bought them back and made a few bucks in the process. We are in good shape here moving forward. I can see us challenging $5 at some point tomorrow but if not, by end of week. GMGI long and strong!


PokerStar

229K in volume and a new 52 week high. Closed near high of day @ $4.86. Possible we see a real push higher tomorrow with another huge volume day. Looking to me like we are finally getting investors and hopefully institutional interest here since the Meridian Bet acquisition. I truly believe that once our consolidated quarterly numbers are released and investors see a gambling stock that is making profits and growing, we could conceivably see new all time highs in the coming months. We have other gambling stocks, that are comparable to our outstanding share count, burning through cash and reporting multiple millions of dollars in losses, yet they trade in the $40 dollar range. Why do we trade under $5 bucks? That's right...no reason! We could be beginning one hell of a run here over the coming months. I'm sure once this hits a big wall on the ask, we'll see some profit taking and a consolidation period, but I can live with healthy trading and seeing higher highs and higher lows along the way. Good luck fellow GMGI ers!



PokerStar

I did notice a few thousand shares were bought after the bell rang so the price wouldn't go up further.
I don't like that because shorters will do that for ammo next week

Well I hope you get them off their asses and out of the MMs pockets. I believe we are getting ready for liftoff. There was almost 8K on the ask @$4.20 holding the price back in the last half our of the day. It was taken out at the close with another few thousand more after hours @$4.25. Next week could be interesting. Two days in a row over 100K in volume and other than a few hundred shares, they were all traded above $4.00. Very good sign in my opinion for more upwards pressure on the price. Best of luck Gary and thanks for sending that letter on behalf of the shareholders here. Have a great weekend!


PokerStar

I did mention to the SEC if they don't look into it, I will go higher.

It is a Friday....so maybe I'm being a little too hopeful. I guess we'll find out in the coming couple of hours.



PokerStar

I'm putting my money on an end of day run taking us back to the high of day or close. This will set us up for a solid Monday and week. Go GMGI.



PokerStar

In my honest opinion, probably not very far. The SEC is as corrupt as any other government agency. These dirty market makers surely have the SEC in their back pockets and give them kickbacks to turn a blind eye on their corruption. On the bright side... 60K traded so far on a Friday and all over $4.00... which I take as a good sign. Letting the Friday flippers grab their weekend pocket money and letting other non believers off the bus. These are obstacles being taken care of then this thing can run to higher highs and higher lows in the coming weeks and months. All in my opinion but more confident then ever for a huge upcoming run. Just need a few consecutive days of huge volume.


PokerStar

Yep. I emailed the SEC this morning asking them when are they going to do something about the marketmakers abusing their powers and shorting the stocks for their own pockets...Let's see how far that goes.

Yep...looking good today with better volume. If we can close around $4.20, we could see a massive volume day tomorrow and new 52 week highs ahead. Thinking we could see a touch of $5 before profit takers take the price to the $4.50 area. All in my opinion but it's obvious the dirty MMs covered their shorts from the run up last week and are letting this run up organically so far.



PokerStar

New 52 week high alert.

This stock caught a disease from the greedy turds

If $3.50 doesn't hold, I know damn well they'll drop it to $3.00 looking for support. This ticker is sad!


PokerStar

All the shares these dirty pr*cks sold short between $3.90 and $4.16 they're covering in ridiculous range. Bring the cavalry with you to buy at $3.50....these dirty MMs are relentless with this stock!



PokerStar

This thing doubled in 9 days. Nothing goes straight up. I’m tempted to buy more around $3.50 or wherever when it levels out.

Down to $3.60 now...these dirty pr*cks just don't let up. F*ck I hate them. Should have known better....Should have dumped everything at $4 bucks. My gut told me otherwise. Never trust your gut when it comes to this stock!


PokerStar

No doubt in my mind!


PokerStar

Shorters and MM's are the ones who are holding this down.

Well so much for another huge volume Tuesday. 20K in volume so far and down to $3.69. What a joke! Can someone smart please explain to me how we can't get over $4 bucks while a stock like DJT, with a comparable share structure, which had revenues of $4 million and losses of $58 million can be valued at over $50 bucks today? Something seriously wrong with this stock market. What is holding this back other than dirty MMs and shorters? SMFH!



PokerStar

Well 58K in volume, all in a very tight range other than the little dip to $3.73. I consider this another solid consolidation day. If profit takers wanted out, there was decent volume to do so. I'm curious whether this is set up nicely for us to break out into the $4s tomorrow? If history of the last two weeks repeats itself with another 200-300K day, we could finally see us closing above $4.00. That would be a welcomed sight. Cheers to my friends on this board. I truly believe we are embarking on a run up...I really believe that for the first time in a few years. Again...hoping we have another serious volume Tuesday!


PokerStar

Wish I knew. I really felt like after yesterday this would take off higher today. By the way this is trading today, it sure looks like a lot of that volume we saw around the $4 dollar range were sold short. I think a lot of the shorting is going on by dirty MMs that also tried shorting this in the $3.50 range. I think they are manipulating this lower again to cover their shorts. All in my opinion but from watching the tape, it sure looks like it to me. Relentless selling in the $4 range yesterday afternoon and all morning today, then as buying slowed, they dumped a few thousand shares into the weak bid to drop the price to $3.86. Still think we will continue to see this run higher in time. Hopeful since breaking above the 52 week high. Since then, we are seeing higher lows and higher highs and maintaining above the old 52 week high of $3.75, which I think is a positive, and all that on heavy volume. So yeah, I think we are just a small end of day buying spree to see more new highs today or next week.



PokerStar

When are we going to wipe these mother fu***s out?

I'm with you brother....higher highs and higher lows is the secret for sure. I'm just feeling a surge coming. Haven't seen this kind of volume and interest here for a couple of years. We all had a pretty good feeling that once the merger with Meridian Bet was closed, we'd start to see more interest here. It was somewhat delayed and because there wasn't a huge amount of initial buying and the price was weakening, I wasn't very surprised that shorters manipulated the price to the $2.20 area. Things have really been strong though since that day and I'm seeing more strength in the coming weeks. IMO.


PokerStar

I’ll take this higher lows and higher highs compared to what we’ve experienced the last couple of years. I like seeing my GMGI balance going up again after averaging up at $2.25, and $2.61. Kicking myself for not grabbing 1500 more in my IRA at $2.70 a week or so ago.

Another solid day with 190K volume and a nice little uptick following some more serious consolidation in the $3.85-$3.95 range. New 52 week high of $4.19 where we should have closed had there not been some light volume manipulation that dropped the price from $4.10 down to $3.85 in a matter of minutes around 3:20. We recovered from there pretty quickly with good support at and above $4.00. With tomorrow being Friday, I have no idea how the trading day will play out. I've seen a lot of the flippers take their 20 cent gains and run, and I've seen solid green Fridays as well, but much fewer than the weekend dump and run beer money selloff. Still feel more optimistic about us getting greener tomorrow and I'm going out on a limb right now...I'm predicting solid green and would not be one bit surprised to see us reach $4.60-$5.00 tomorrow with some more serious buying. We've had 2 big volume green Tuesdays in a row now and I'm betting we see a lot of folks jumping on board or buying more before next Tuesday rolls around. All in my opinion, but feeling positive!


PokerStar

A whipping 4K shares dumped into the bid dropped this all the way down to $3.62??? Give me a break. More MM manipulation to cover their short position. They're really trying to kill the momo here! Unbelievable!


PokerStar

220K volume today. 41K more buys than sells, yet we're down to $3.80. Might I dare to say a good day of consolidation and short covering by these dirty MMs and group of sellers. Still closed above the 52 week high of $3.75. Good sign in my opinion. I have a feeling new high incoming tomorrow. Solid trading day today and I'm confident we continue to finish the week off strong. All in my opinion of course!


PokerStar