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Well is everyone locked and loaded...cause I'm not. Until Monday...
Possibly less than 1M floater, shell owned by powerful hedge fund, rumor is they passed on a company that does $28M+ in annual revenues for something else/better.
HUGE HUGE speculative play. But these can be monsters.
Nice illustration, and a comparable run is very possible when we find out what the plans are
Hi jobynible
Correct, I was illustrating the price movement on low float/ o/s securities when news is released and the violent price action that occurs.
The big factor here is that hedge funds are invested around 2.00 a share and more. Nearly 6 m dollars total, and they own 80% of SNTO. That is a tall order to get their money back so any merger/acq MUST be substantial. Have never seen a shell where the majority owners have so much to lose by NOT performing.
SNTO has half the float (or less) of VRMLQ.
VRMLQ isn't a shell, and has gone from a penny to 9 plus on FDA approval news...
Glad I caught that ride from below a dollar when news hit, it moved real fast, lol...
You must
have a iron coated stomach to play the shells, especially the
low floaters like SNTO as they have wild swings.
Here is a low float Former NASDAQ with share structure similar to SNTO;
VRMLQ;
As of October 31, 2008, the Registrant had 6,382,166 shares of common stock, par value $0.001 per share, outstanding.
http://stockcharts.com/h-sc/ui?s=VRMLQ&p=D&yr=0&mn=6&dy=0&id=p21095197972
SNTO; Former NASDAQ
Class Outstanding at January 31, 2007
Common capital stock
4,126,169
$.25 par value
After reviewing the filings I believe the o/s to be a bit higher due to conversions that could have taken place at 1.00 per share. O/S around 4.5 - 5 m max.
Accumulate with funds you don't need right away and hold, any merger/acq will send this to multi dollars imo
Agree, did ok Princess, hope you did as well, and have a great weekend
lol learning
We may have to get the board some oxygen as it is not used to having but just a few posts at most here daily !
Hope you had a good week :)
geezzz......FF is here?.....he'll have all of I-hub here in a week.....so much for naptime, and cheapies
You too fastfish !
I don't know if this board can handle more than 5 posts a day !
Welcome
kuwl if you have had any chance at all to watch it trade it is a treat. There are many small odd lot trades on this one, so unlike any other bb/pink.
Imo this is due to the fact that this traded on the NASDAQ just two short years ago. It traded over 10.00 at one time.
It seems there are still people who have held the stock all that time and sell thier odd lots, never seen this on a bb until this one.
The beauty is that hedge funds own 80% of this wayyyyyy into the dollars, that is a great incentive for them to increase value with merger or acquisition.
Yeah, GP and I have been in a few plays recently, so I've been following where he posts. This has been on my watch-list for about 2 weeks now. As soon as I free up some money from a few other plays, I'll be getting in SNTO. I've had the it board-marked since I started watching it. Got a few other people that have been watching and I was going to enter today on the bid at .10, but had internet connectivity issues all day. Should have some new powder freed up early next week and will look to enter on Monday or Tuesday. Will try to enter with a large position on the bid, then slap the ask a little to get her going.
Hi kuwl..
I was just telling vant that there are eyes on this one that we don't realize..
Have you been watching and waiting a while ?
Great to have you here.
nice vant
After that non stop run up a pullback is to be expected as you have mentioned previously.
Now that many have had a chance to see how this trades up so easily and there are lurking eyes on this imo.
Will be looking for an entry point on Monday. GLTA the longs here.
Have added the last 2 days fwiw. This one needed a dip. Should turn and go back up fast if all the forces are still at work here.
yes agree MRGreen
Saw we lost a couple of boardmarks this week, it's hard for some to hold when it heads down, I understand.
But,
Only NITE is in the teens, at .14 ask.
All the others are well into the .20's and beyond. That says more than anything. Note the odd lot trades that take place with this one, some that have held this for years are finally biting the bullet and selling, could prove to be very poor timing imo.
As we all know here, on a low floater like SNTO, selling and/or buying has a dramatic effect. I'm saying .10 support holds. We will see.
I've got a bid in at .10 right now and it's not even showing on my L2.
I think when they are good and ready it will zip right back up on light buying pressure.
That was probably you that was lucky enough to catch 13,000 at .15
If I only had a nickle for everytime I said that
Hmmmmmmmmm. Not a good day. Added more too early I suppose.
Well......todays .17 is the .15
Does that make any sense?
The reason I say this is because I don't think "exact" or "exactly" is a word you can use here.
A technical wizard I am not I warn you. There are a few of those here on iHub.
Survival is my game.
If it breaks hard at .15 on higher volume, I think .10 zone is in the works. Because that appears to be the next strongest support.
At that point you have to ask your self if you believe enough in the senario to back the truck up and buy.
Do I see that coming? No. Profit taking has taken us this far south over the last few days. There have been buyers there all the way. I'm thinking some buyers will come in tomorrow.
JMO
My best guess to your question is yes.
looking for MA bounce
Good evening ddt lol !
MrGreen you said may retrace to .15... looks like it got some strong bids coming in at .17 after small volume dip to .16 :) Chart reset ?
Holding .20, maybe a few getting sold that got in during the run up.
If .20 holds we see higher this week I think.
If it breaks we could see a buy opp at .15
Win----Win
Next week should be exciting!
;)
Note: Selling a low floater on Friday not a good idea in most cases. NITE ended with ask at .22 next is .28
SNTO is the energizer bunny of the OTC world.
Yeppers. Perfecto mundo.
Yes it looks like anyone that wanted to sell this week did and now its time to move back up again. Chart reset and look what happened, all indicators turning back up :)
Yes. Accumulation. More. Love it.
Accumulation taking place, upticks
This stock has potential on low float status alone.
If you are coming here for the first time know this:
There are forces at work in this stock that you may not relize.
Do some DD. Dig deep. You will be rewarded.
Some here say $1.00..may be right.
Personally I will sell my shares at .50
I'm not greedy. Greedy never wins.
This is a very low float stock.
From Pinksheets.com:
Outstanding Shares
4,126,169 as of Jan 31, 2007
I would add a few to that since 2007 and it still comes up low float. But nonetheless, the way this one trades is a sure sign that it will run HUGE sometime in the not too distant furture.
If by chance a PR is released, all bets are off and in fact I may be wrong. $1.00 may very well be a good call.
.50 is my target though. That's over a double from here. What more do you want out of a single trade?
Don't be greedy. Be Wise.
Solid accumulation in the .20's today
Solid accumulation in the .20's today
SNTO green SAR creeping up
Yeah, I could have gotten a little more but it just so happened I was working on another trade(sell side) that I was planning to use the profit for SNTO but the timing was off. Maybe the seller at .20---.21 will be around tomorrow.
If not, Im still setting pretty good one way or another.
Turning into a thing of beauty slowly but sure.
Hope the link works. Had a little problem with it.
I'm doing fine thanks & Great to see you too ...
Too busy at work lately But always watching
ddt, great to see you, hope your doing well :)
Hi MrGreen did you get some at bid ? :)
Morning Princess & Board !
Let's close it green today
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Sento Corp.
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