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Float is slowly being accumulated here MrGreen
There were a few (very few) shares that were eligible to be converted around a dollar according to SEC filings. To be most accurate I am stating the o/s around 4.5 million max.
The company itself never sold any shares directly to the public, all the shares issued were to the three hedge funds and associates plus a private investor. (Just under 3 million shares total)
Would have no idea if the funds sold any of thiers on the way down, it sure doesn't look like it by the way it trades. When it did fall it dropped pretty fast and they would be taking a huge loss as many of thier shares were priced in the 3-4 dollar range.
Day by day as shares are accumulated the marketmakers are moving thier asks above $1 or more. When shares are purchased and a particular mm sells a small amount of shares, they move way up. The float appears to be 1 million or less.
Here is the ask line up from level 2 at close on Friday;
NITE .25
HDSN .31.1
DBAB .31.1
All others are 1.01 or more ask.
This coming week will be very revealing when there are buys at the ask and if it trades up to the .31.1 ask it will very VERY interesting to see where those two mm's move thier ask. NITE has been moving its ask way above 1.00 when a seller is finished and one time on Wednesday to 2.56. In all my years of trading I have never seen that.
What do you think the float is?
On pinksheet.com it has:
Outstanding Shares
4,126,169 as of Jan 31, 2007
Still real low I would think, but a little more now in 2009?
Any indication that they dumped any before/after/during when they went kaput to try and survive?
Your welcome MrGreen,
Total Outsourced Systems was formed from the remaining assets sold out of SNTO in March of this year.
http://www.cginy.com/work.html
Thank you Doji,
So essentially a very clean low float stock with most shares held by institutioins and hedge funds that would like to see a RM.
So far so good.
Question..As far as everyone knows there are no ties to Total Outsourced Systems as far as the stock itself goes right?
15-20% of the float traded in the .20's this week, huge accumulation for this low floater.
All sellers were taken by buyers, many above .25 and it never traded below .20 At close Friday, NITE was the only mm in the 20's with ask at .25.
After NITE two mm's at .31 who have been sitting there over a week, then all other mm over a dollar !
Remember, even at 1.00 the hedge funds stand to lose millions, somebody is buying this up and for good reason.
Those with level 2 have been able to see NITE move (over 1.00 ask) when he finishes an order at a particular price level.
SNTO Timeline
4.1 - 4.8 m shares o/s
Float: 1 m or less est.
Event Timeline:
2007:
Largest client of SNTO files BK and impairs SNTO's ability to
operate, stock falls from previous trading range of 2.00 to
over 10.00. Delisted from NASDAQ Source: SEC filings
Early 2008:
SNTO sells call centers to India based company R Systems -
officers step down and Jacoboni appointed interim CEO, stock trades down from mid twenty cent range on very low volume. Source: SEC filings
March 2009:
SNTO sells remaining assets
Source: Cheasapeake website
July 2009:
Jacoboni steps down as interim CEO as majority share
holders (hedge funds) advised him they have other plans for entity
August 2009:
Shares begin to trade with volume
Nice close on SNTO. Green is good.
Was a down day overall for me. Over the weekend I plan to dig a little deeper into Sento Corp.
If I like what I find I might just fill up the truck a little further.
Not sure yet. But Im gonna be turning over some stones to see what I find. Everyone here on this board seems to be very knowledgeable.
Added 10 k here today :)
SNTO has really been trading nicely the last few sessions.
Love it. Perhaps I will add a bit tomorrow.
(There is always a "perhaps" with all I do)
SNTO chart between bollies where it should be
Down on low volume, let it rest and head back up !
Morning All,
SNTO train still chuggin along
Morning Princess & Board !
MrGreen .. refer to the pm sent. This keeps going up without any ibox info as it appears buyers outside ihub are buying up the float. Tuesday was a huge accumulation day though few noticed, 80 k traded mostly between .28 -.30. That is near 10% of the float.
We have kindof been keeping this one to ourselves other than posting the amazing chart here and there, but it doesn't look like its coming down with any volume so I let a few fellow posters know about it.
I am up early and headed into the city this morning for a meeting, have a great day !
Hi MrGreen.. your welcome, I let a few historically patient traders know about this strong little train by pm.
Thanks Pricess Doji for the alert on this.
Its starting to look nice for me now.
Hi ddt, quiet day today after much accumulation yesterday !
Morning Princess & Board !
Can I say .... Nice
I love this stock. If/when iHub ever catches on to this one it'll go past $1 I bet. LOL
There are non-ihub forces at work here fo sho!
Volume/Price since run began:
2009/09/08 0.30 0.30 0.21 0.28 80,981 0.28
2009/09/07 - 0.30 0.21 - - -
2009/09/04 0.30 0.30 0.21 0.28 39,801 0.28
2009/09/03 0.21 0.25 0.21 0.25 50,650 0.25
2009/09/02 0.20 0.25 0.11 0.25 84,323 0.25
2009/09/01 0.15 0.19 0.15 0.18 41,811 0.18
2009/08/31 0.14 0.16 0.14 0.15 15,818 0.15
2009/08/28 0.14 0.16 0.14 0.16 43,832 0.16
2009/08/27 0.12 0.14 0.12 0.14 72,050 0.14
2009/08/26 0.11 0.13 0.11 0.13 28,266 0.13
2009/08/25 0.11 0.11 0.11 0.11 17,052 0.11
2009/08/24 0.12 0.12 0.11 0.11 45,240 0.11
2009/08/21 0.12 0.12 0.050 0.12 114,607 0.12
2009/08/20 0.13 0.13 0.12 0.12 96,229 0.12
2009/08/19 0.13 0.15 0.11 0.14 90,727 0.14
2009/08/18 0.12 0.13 0.10 0.13 133,963 0.13
2009/08/17 0.080 0.095 0.070 0.095 83,083 0.095
2009/08/14 0.055 0.075 0.055 0.075 76,100 0.075
2009/08/13 0.035 0.055 0.035 0.050 268,300 0.050
2009/08/12 0.0075 0.035 0.0075 0.030 339,295 0.030
Agreed, very good consolidation today, only 2442 shares traded below .28 & quite a few hits at .30 :)
http://ih.advfn.com/p.php?pid=trades&cb=1252444886&symbol=SNTO
Stock needed a pullback. It was getting toppy.
NITE really soaked up the SNTO shares today, highest money flow today since this started running.
30s are GONE BABY GONE.
Gap up coming on SNTO, ABLE moved to 1.01 after selling around 20 k
SNTO .27 x .30 2x2 ~
.30's coming next week :)
SNTO keeps chugging. It's a thing of beauty.
SNTO...nice and steady .24 X .27
I am looking forward to it.
.30s gonna get tagged tomorrow. This one is the energizer bunny. wow
.73 WHOA!!!!!!!!! bring up the bid to match. and the price... please......
.25 x .30 wowzer
NITE moved to .73 ask on SNTO
WDCO seller sold a bit above 10k and moved to $1.01
SNTO
Boardmarks have remained at 12 for two weeks and posts not even 200 yet.
In the meantime, the stock has moved 100% from just last week. Buying is coming from outside our circle here and whomever is taking thier time accumulating and slowly buying up the float imo.
99.9 % of all stocks that have had runs like this collapse within a couple days. This SNTO has held up and continues upwards now for WEEKS.
MM's drop off the ask now and move way up, look at what happened just this week
STGX moved from .25 to 2.00
DBAB moved from .20 to .0311
HDSN moved from .25 to .0311
PERT moved from .20 to 100.00
MAXM moved from .20 to 100.00
There are others watching this for entry, I get several pms a day asking me what my opinions are on how much it could pull back. I don't know how to answer really as any pullback in this has lasted less than a half hour lol.
Just my two cents !
Morning Princess ....
Morning ddt, lets have a great day !
good pick up from the recent consolidation. there is a ver tight spot at 0.30, at which mm may attempt the test of lower supports at 0.16 and then way down to dma20 at 0.10 at current, which may move up t0 0.12 as time passes.
if company has news. mm may still have to test supports as pps rises.
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Sento Corp.
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