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Repost of article that seems to apply here Im sure many have
allready read it. I like to review it now and then.
The savvy long-term investors never chase stocks up. For the most part that is momentum players and day traders where most of it or what follows is dumb money. Instead the long-term investors use a couple of simple strategies in order to position themselves. One is to find a stock no one immediately sees has huge potential and accumulate. Long-term investors are not interested in trading against the public mind or the dumb money. That's where the majority of the money can be made but even more can be made if the base of a stock is held extremely strong by investors. However the second is not to doubt the research, which is the underlying basis for going long and holding.
More and more investors are winning the game nowadays despite all bashers that float through the Internet that has become part of the game. Floor traders of market makers often watch CNBC, news wires and bulletin boards in order to follow the market during trading session. OTC BB market makers (MMS’s) don't use fundamental and technical analysis. However, what they do realize is a lot of dumb money does use this newest nitch charting or TA (Technical Analysis) to run a stock either up or down. To the MMS’s this is like taking candy from a baby. Simply they will paint the tape and use whatever tactic to affect the charting bands. Thus the public and dumb money they will have eating out of their hands. Effectively the MMS’s can show a strong stock growing weak by manipulating the close price in order to generate selling volume, delaying trading time to manipulate trading activities, or even stalling the ask without honoring orders to hold a stock price. MMS’s follow a simple code of business when making a market in a stock especially an OTC BB. That is the level that stocks will seek that yields the most volume. Now this is very important because they make money on the volume buying at the bid and selling at the ask. In other words, by making the market they are buying low and selling high. Now smart money adheres to that rule, so do all the market makers. They could careless whether the stock is at $83 or at $0.23. All they care about is the action thus being able to sell stock at the offer (The high) and buy stock at the bid (The low). To increase their profitability, they make the spread as great as possible on as many shares as they can especially if the volume falls off.
When they have mostly all "buy" orders, that's not the price that's going to yield the most volume. They need both buy and sells to get the maximum action. Remember, MMS’s play the volume. If the volume decreases and there are mostly Buys that become a one-way volume, buy volume. So what they do is let the stock run up to a price where it runs out of steam. They fill all the buy orders there that they can and then comes the pullback one way or another naturally or induced. During the pull back they can buy tons of shares and flip them to those averaging down or trying to catch the bounce. At some price, the stock will be relatively stable and yield the most volume. Now that is the average price you will see. The average price is the point where a stock seeks a level where MMS’s can profit on the most volume. So during the day that is the price that MMS’s and momentum/day traders want to see the stock at. Why? Because they know the public and dumb money was chasing the price thing up. Most of the time, the MMS’s love a flurry of Market Orders, which is a dead sign of an artificial run or momentum. Merely it is money in the bank for them. Most get hung in a momentum or day trade or by the tactics of Market makers, who are in the business to screw the public every chance they get and the NASD is not going to do anything about it. They are merely making the market liquid is their reasoning.
The market makers have created an added complication to the OTCBB's chaos of the already volatile intra-day price movements created by dumb money, momentum and day-traders. MMS’s cannot relate to long-term holders in the OTC BB. That makes absolutely no sense what so ever. They feel a large percentage of trades in the OTC BB market consist of short-term or day-trades, MMS’s merely view the barrage of buy and sell orders as relatively neutral to the market. How they figure it is when the average dumb money buys shares in a company, the MMS’s feel or rather know with some certainty it is very likely that dumb money will want to sell back those shares relatively quick on the slightest drop.
Now somewhat comfortable with this logic the MMS’s merely short sells into the buying and attempts to take the stock down in an effort to "shake out" the weak. It is tough to know for sure whether a move is the beginning of a trend, or a routine shake out, this type of deception works quite well for the MMS’s. What the long-termers do to a stock is surprise the MMS’s because instead of falling the shorting has no effect and the price goes up. Now that puts the MM at selling low through shorting and thus having to buy high in order to cover. Boy, when this happens, the MMS’s are not very happy amperes. The investors and traders are supposed to be doing that no them. Now it becomes time to pull out every trick and tactic in the book in order to attempt to get a Bear Raid at every dollar mark or percent from where the stock started. Could be a penny in smaller priced securities? What MMS’s do is give you a chance to make a small amount of money for your momentum and day trading style by shorting it at these levels and trying to get a bear raid each time. Each failure is compounding the MMS’s short position so they let it go to the next level. Now come more deliberate tactics MMS’s use to coerce Bear Raid or panic selling.
Once the MM is caught short and the strength of the buy is overpowering the MM will want to cover his short position. So the MMS’s call up one of his friendly MMS’s and says some thing like "the weather is sure rough today." The MM along with the other "friendly MM initiates a down tick about the same time. Now this can also be done with a certain amount of shares such as an infamous 100 shares flag. This down tick gives the illusion of weakness designed to hopefully begin the bear raid of selling. The fickle, fearful, day trader, momentum and short term begin to sell out allowing the MM to cover his short position at lower prices. They will move it down quickly to get it to a price of least financial damage. Problem they have is long-term investors in the OTC BB. They start accumulating and buying comes flying in when they take it too far thus the MMS’s took it to the point of volume again and not only investors the other MMS’s step in the make money on the spread.
Alas the poor MM does not get to cover. Now comes various tactics like stalling, boxing, or even locking the Bid and Ask for a while.
Of course, MMS’s aggressively deny any sort of collusion designed to fix quotes or spreads, but a recent SEC investigation tells another story which they released on January 11, 1999. http://www.sec.gov/news/press/99-2.txt MMS’s have a vast resource of tactics and it would take probably more than my lifetime to figure them all out. So how do investors somehow manage to overcome the obvious deception in OTCBB arena? One answer is indirection-trading style by going long which the MMS’s do not expect. In the war between investors and public companies on the OTC BB vs. the MMS’s, if the MMS’s have all the advantages due to position or other factors, direct confrontation such as momentum or day trading hitting the stock is a definite death sentence.
However, an indirect approach tends to weaken the path of least resistance before slowly overcoming it. The most effective way is long-term investors slowly accumulating and holding thus drawing the MMS’s out of its defenses making them as naked as their short position. This is war so this slow accumulation and holding for the long term easily achieves the desired effect to force MMS’s to cover and knock off the tactics or bury themselves deeper.
The MMS’s when caught will especially use every trick and tactic in the book to get a Bear Raid thus playing on the individual fear of most people. The MMS’s feel they have information and position advantages over the investors as long as the holding of the stock is in weak hands or short-term holders. Since they are OTC BB MMS’s who believe all OTCBB companies are not worth investing and management is ineffective regardless what is happening within the company. Furthermore, MMS’s know they are in the position to impose a great deal of influence in OTC BB stocks trading when it suits their needs.
This inherent power of position enables the MMS’s to move the markets at any time up or down. As a result, the only way to draw them out of their position is going long. Now this does not mean just any company but to effectively nail the MMS’s, Longs must find the great company on the floor and accumulate long before the MM tactics and games begin.
But this is a BIBO Board (Bib holdings)for BIBO investors a big difference!
I called GXXL @ bottom & made more than 150k BIBO will make me more!
repost by me RB
By: pinkie144
19 Jul 2004, 01:25 PM EDT
Msg. 1190 of 1201
Jump to msg. #
To All BIBO shareholders: I've had enough of the MM's playing us on this one.
I'm getting together a group of investors & we are going to crush the MM's.
It is obvious there is still alot of naked shorting going on here with BIB Holdings.
I want short covering to .10 ++ *&^%'em
**Watch for later on this week!!
Pinkie
BIBO By: therealphantom30
17 Jul 2004, 10:58 AM EDT
Msg. 1189020 of 1189147
Jump to msg. #
G/M P/144 I'VE STARTED A BASE POSITION & WILL BE ACCUMULATING AT THESE LEVELS I/E THE COMPRESSION FLAT LINE IS BELOW .015
JMHO T/A WISE
POSITION HELD
By: pinkie144
17 Jul 2004, 11:28 AM EDT
Msg. 1189022 of 1189147
(This msg. is a reply to 1189020 by therealphantom30.)
Jump to msg. #
RE:BIBO Sounds great Phantom accumulating as well.
yes the "August Rollout" thats why I've been accumulating millions of shares.
I noticed under press releases on the site a March release stating that the national ad campaign is to launch in August with movie theatres, etc being targeted.
Pinkie good to see you over here.
Jazzy
Daily history:
BIBO open high low close change volume
07/19/04 0.0091 0.0095 0.0077 0.0085 -0.0009 875,700
07/16/04 0.0082 0.0095 0.0075 0.0094 +0.0007 750,843
07/15/04 0.0082 0.0095 0.0082 0.0087 +0.0002 745,136
07/14/04 0.0102 0.0102 0.0080 0.0085 -0.0010 5,244,547
07/13/04 0.0095 0.0095 0.0088 0.0095 +0.0000 1,620,600
07/12/04 0.0118 0.0120 0.0095 0.0095 -0.0015 2,330,966
07/09/04 0.0110 0.0135 0.0105 0.0110 +0.0010 7,849,588
07/08/04 0.0100 0.0120 0.0100 0.0100 +0.0000 4,454,246
07/07/04 0.0105 0.0105 0.0090 0.0100 +0.0000 1,931,840
07/06/04 0.0130 0.0130 0.0090 0.0100 -0.0020 5,329,456
07/02/04 0.0130 0.0130 0.0110 0.0120 -0.0007 4,413,661
07/01/04 0.0110 0.0130 0.0101 0.0127 +0.0024 3,898,633
06/30/04 0.0120 0.0125 0.0100 0.0103 +0.0001 2,632,423
06/29/04 0.0130 0.0130 0.0102 0.0102 -0.0023 4,184,069
06/28/04 0.0125 0.0130 0.0115 0.0125 +0.0000 2,025,159
06/25/04 0.0150 0.0310 0.0119 0.0125 -0.0017 8,832,794
06/24/04 0.0140 0.0160 0.0135 0.0142 +0.0020 7,003,122
06/23/04 0.0133 0.0133 0.0110 0.0122 -0.0013 5,534,700
06/22/04 0.0140 0.0150 0.0133 0.0135 -0.0003 2,906,998
06/21/04 0.0135 0.0145 0.0129 0.0138 +0.0003 5,417,082
06/18/04 0.0140 0.0150 0.0130 0.0135 -0.0005 8,723,615
06/17/04 0.0170 0.0170 0.0139 0.0140 -0.0030 7,399,963
06/16/04 0.0137 0.0210 0.0130 0.0170 +0.0033 17,093,855
Liquid I have accepted your invite thank you.
Pinkie
That was Jazzydad not jazzyday lol
Weekly history:
BIBO open high low close change volume
07/16/04 0.0118 0.0120 0.0075 0.0094 -0.0016 10,692,092
07/09/04 0.0130 0.0135 0.0090 0.0110 -0.0010 19,565,130
07/02/04 0.0125 0.0130 0.0100 0.0120 -0.0005 17,153,945
06/25/04 0.0135 0.0310 0.0110 0.0125 -0.0010 29,694,696
06/18/04 0.0175 0.0210 0.0123 0.0135 -0.0025 48,974,467
06/10/04 0.0190 0.0250 0.0160 0.0160 -0.0001 41,629,232
06/04/04 0.0150 0.0240 0.0140 0.0161 +0.0026 56,771,514
05/28/04 0.0290 0.0390 0.0120 0.0135 -0.0115 60,613,668
05/21/04 0.0130 0.0250 0.0060 0.0250 +0.0120 32,900,402
05/14/04 0.0160 0.0179 0.0110 0.0130 -0.0020 2,238,007
05/07/04 0.0220 0.0230 0.0130 0.0150 -0.0090 2,638,844
04/30/04 0.0195 0.0280 0.0195 0.0240 +0.0050 6,575,387
04/23/04 0.0350 0.0500 0.0190 0.0190 -0.0160 7,376,156
04/16/04 0.0470 0.0590 0.0340 0.0350 -0.0079 2,467,554
04/08/04 0.0600 0.0660 0.0429 0.0429 -0.0221 3,368,500
04/02/04 0.0600 0.0650 0.0380 0.0650 +0.0100 3,020,074
03/26/04 0.0800 0.0900 0.0550 0.0550 -0.0450 2,169,409
03/19/04 0.0950 0.1150 0.0850 0.1000 -0.0100 285,000
03/12/04 0.0950 0.1300 0.0850 0.1100 +0.0115 1,389,334
03/05/04 0.1300 0.1400 0.0900 0.0985 -0.0315 2,053,974
02/27/04 0.1400 0.1700 0.1100 0.1300 -0.0200 461,500
02/20/04 0.2100 0.2100 0.1400 0.1500 -0.0400 300,000
02/13/04 0.1790 0.2600 0.1700 0.1900 +0.0200 1,044,350
Here is a repost of some of our DD
here's the way I see it right now:
Bibo Charts show a buy for a longer term or trading a percentage of them on the runs.
This looks like it could be a turn around for this company and a
move back to pre-Cd and higher margin levels which could raise the pps closer to historic levels. It was trading in the .20s. Im not saying it will move there who knows. I remember buying Mobl at .028 last of 2003 I liked it back then some did not. It moved to 30 cents nice short term gain earler this year. It was a 5 month hold form fall 2003.
Some recent DD on Bibo suggest Part of the fall to the one cent range "The company shipped products to 85 retail customers in 2003 with its five largest customers accounting for approximately 84% of our gross sales in fiscal 2003. WalMart accounted for approximately 48% of gross sales in fiscal 2003. Revenues for the year ended December 31, 2003 were $3,567,000. Gross profit as a percentage of revenue was -6% and 24.2% for the years ended December 31, 2003 and 2002, respectively. The reduction in gross profit as a percentage of revenues is a result of losing the major program from one customer, which carried a high gross margin, selling inventory, in some cases, at a loss, and taking orders at lower gross margins to generate cash. In addition, during the 2003 year, we recorded a write-down of inventory (amounting to approximately $424,000) in order to more properly reflect the market value of certain lines. Gross profit in absolute dollars decreased by $2,671,000. “We anticipate gross margin for 2004 will increase above 2003 levels as we begin to ship products under the newly-licensed m.Sasson(R) brand and our private label business returns to historical gross margin levels.”
I like that last statement "Return to Historical Gross Margin Levels. $$$$$$ And hopefully Historical PPs
Rumors are starting to come out about the new M.Sasson line at some wallmarts. This is the line they are hoping will bring in the big profits. From a recent statement: "BIB Holdings has
just launched its bold new mSasson brand of juniors and young men's denim
apparel. The mSasson styles were a hit with both retailers and fashion
reporters at the recent Winter MAGIC trade show in Las Vegas. The buzz
surrounding the company's products is building. This is an excellent time to
introduce BIB Holdings to investors. The company has a solid core business
designing and manufacturing clothing that spans over three decades as a
private entity. In over 30 years of operations, BIB has earned an outstanding
reputation in the industry for quality, reliability and performance. BIB
became public last fall through a reverse merger and now is in a strong
position to leverage management's vision and expertise to build the mSasson
brand and the company
The company has a showroom in New York, a distribution center in Pennsylvania and a distribution center in Las Vegas, within a foreign trade zone that exempts shipments of its products to Mexico from duty taxes. BIB Holdings, Inc. markets a brand of denim and casual apparel under the m.Sasson(R), Home Turf and New Terrain labels as well as private label. The company distributes its clothing via leading retailers, such as WalMart, Sam's Club, T.J. Maxx, Century 21, J.C. Penney, Burlington Coat Factory, 7th Avenue and Swiss Colony, throughout the United States and abroad.
I called a good friend of mine who has been with wallmart for about 15 years and is in managment. Ask her to check around for me and find out what she could.
the Msasson line in stock dept manager told my source the sales on the items they carry are brisk. Good mover.
According the the filings, Cornell Capital had a 500K CD for which they could convert 50K per week for 10 weeks, commencing March 24. If that's the case, the 10 weeks are over, and no new shares would be issued.
the O/S now would be around 210 million based on Cornell Capital, and float 170 million. That means market cap around 3 million.
Or as one poster said could be the 500K was a draw on the equity line of credit, a CD was issued to Cornell in January for $1,200,000, as of 03/01/04 no shares had been converted regarding that CD.
The sales over 10 weeks are to repay the equity line draw, the CD will still need to be converted into shares and sold,no way to tell by the SEC filing when that selling will be completed.
In A recent call to the Cfo he suggested that the cd was done.
Too be honest Im not sure of the status of the CD. but this is the reasons for the low price right now and also
Lack of business information updates for the company no fluff prs at all. This can be viewed good or bad depending on how patient you are
PRs so far look great expecting good news soon Here they are. Remember the "marketing and advertising campaign. The comprehensive plan, scheduled to rollout in August, will include targeted print publications, radio, movie theaters, outdoor advertising, transit, the Internet and guerilla marketing" Excert from the March 8 pr.
As I look at the prs I see a plan coming into place.
BIB Holdings to Implement National Marketing And Advertising Campaign
March 8, 2004
BIB Holdings Secures Financing Totaling $11.2 Million
February 24, 2004
BIB Holdings Retains Ten Compass North To Build MAGIC 2004 Trade Show Exhibits
February 12, 2004
BIB Holdings Reports Backlog of $4.1 Million as of January 31, 2004 [clothing order backlog}
February 10, 2004
BIB Holdings to Launch New m.Sasson Label at MAGIC Show
February 4, 2004
BIB Holdings Retains KCSA Public Relations Worldwide to Head Full-Service Communications Campaign; Company Poised to Rollout m.Sasson Fashion Brand Apparel
January 26, 2004
BIB Holdings, Ltd. Announces New Chief Financial Officer
January 6, 2004
Sassoon Group Inc. Announces Name Change to BIB Holdings Ltd. and Ticker Symbol Change to "BIBO" New Name Reinforces Growth Strategy
December 22, 2003
BIB Ltd. Announces Launch of Fall 2004 Young Men's and Juniors Clothing Lines at MAGIC Marketplace, February 2004
December 16, 2003
Link to recent insider buying/accumulation they have several million shares
Four recent 4s filled. July first 2004
http://www.pinksheets.com/quote/filings.jsp?symbol=bibo
Authorized Shares: 300,000,000
Source: 10QSB ( 05/14/2004 )
Outstanding Shares: 77,931,388
Source: 10QSB ( 05/11/2004
BIBO DD links
http://www.fibre2fashion.com/news/NewsDetails.asp?News_id=6052
http://www.prnewswire.co.za/cgi-bin/micro_stories.pl?ACCT=133897&TICK=RSTR&STORY=/www/story/...
http://www.nqb.com/quote/filings.jsp?symbol=BIBO
http://www.msasson.com/content.php?section=press&page=021204
http://articles.findarticles.com/p/articles/mi_m0EIN/is_2004_Feb_12/ai_113181684
http://www.otcbb.com/profiles/BIBO.htm
http://www.msasson.com/ Web site
This is CED Im Jazzyday on the RB. New to the Ihub but like
the format much better. Looking for a big move up on Bibo. Not
the typical pump and dump otc stock. MMs taking advantage of low
volume to pick up cheap shares as some run low on patience. Just
a matter of time with this one imo.
bought 100k more today this is a "Phantom Pick"
test! i just wrote another post that isn't showing up?
sonk
looks like next real resistance will be .018, then .024. if we get any kind of follow through past that, it won't stop until .03. must be getting excellent responses to their new sasson line. Also, the they just finished up a debenture conversion this week, that has been going on for almost ten weeks, to raise $750,000.00 to finance incoming orders.
sonk
BIBO lets break that .013
Looking good
this may be a double post, but the last one isn't showing up.
Sec filings TODAY, show heavy insider buying the last couple of weeks. To the tune of TEN MILLION SHARES! looks like this puppy is about to wake up!
$onk
SEC filings show heavy insider buying in the last couple of weeks, to the tune of ten million shares! well, maybe this puppy is about to wake. cool web site. thanks
$onk
From other message board
Posted on Friday 6/4/04
"They will close to the bid today leaving that feeling of uncertainty. Monday first thing there will be buys then pounded back right away. It will creat alot of sellers on the beginning push tues. by wed the stressfully challenged will have sold and the price starts dramatically moving up."
BIBO .016/.019 news: BIB Holdings, Ltd. Addresses Unauthorized Listing on the Berlin Stock Exchange
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2004%5C05%5C27....
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