Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
"Small companies"?
How about about teeny-weeny, itsy-bitsy, microscopic companies?
I know of one-man lawn services larger than WSGI!!
BBB: In about a year and a half the market trickle-down will finally go to small companies like WSGI...It's going to medium-sized companies meanwhile.
Just gotta wait for it!
nilremerlin
tsuguy: All is well with me...just not going online as often as I used to. Hope all is well with you, too.
It's time for medium-sized companies to get the trickle-down for the next ~year and a half...after that, it'll trickle down to small companies like WSGI.
Meanwhile, WSGI's price goes to hades.
Gonna take a lot of patience!
Got an interview with German TV tomorrow...need my beauty sleep!
nilremerlin
Well, obviously somebody did, because they have to report it!
1.3M shares worth, yesterday.
Considering Trade+3 days, means Friday, end of month they have to locate/cover and the price goes back up magically. Same old, same old.
http://shortanalytics.com/getshortchart.php?tsymbol=wsgi
GLTALs
A warning to those who are paid to post?
S.E.C. Vows More Use of a Little-Used Tool
By PETER J. HENNING DealBook
New York Times
May 27, 2014 12:43 pm
http://dealbook.nytimes.com/2014/05/27/s-e-c-..._r=1&;;
It is rare that the Securities and Exchange Commission announces a new approach to pursuing violations. Mary Jo White, the agency’s chairwoman, did just that last week when she pointed to a seldom-used provision of the federal securities laws that the S.E.C. will employ against people who use others to do their bidding.
In a speech at a white-collar crime conference sponsored by the New York City Bar Association, Ms. White said that “One new approach to charging individuals is to use Section 20(b) of the Exchange Act,” which she said can be “potentially a very powerful tool” for pursuing violations. Before discussing the provision, she kindly told her audience filled with defense lawyers that “before you start reaching for your smartphones to look it up, let me save you the trouble” by describing the provision for them.
[ 15 U.S. Code § 78t - Liability of controlling persons and persons who aid and abet violations http://www.law.cornell.edu/uscode/text/15/78t ]
Section 20(b) provides that “It shall be unlawful for any person, directly or indirectly, to do any act or thing which it would be unlawful for such person to do under the provisions of this chapter or any rule or regulation thereunder through or by means of any other person.” Under the criminal law, this is known as the “innocent instrumentality” doctrine, which allows someone to be held responsible for using another person to engage in illegal conduct if that person did not intend to commit a crime.
For example, if I ask you to go into a neighbor’s house to retrieve my laptop computer, when in fact I do not own it, then you have not committed a crime if you get it for me because you did not have the intent to steal it. But by using you to commit the crime, the law treats me as the perpetrator even though I did not physically engage in the illegal conduct.
The securities laws give the S.E.C. different ways to hold one person responsible for another’s violation, even when they did not directly engage in the misconduct. One part of Section 20 creates liability for a “control person,” which requires showing a high degree of authority over the actions of the actual perpetrator.
The S.E.C. had notified the hedge fund firm SAC Capital Advisors, now called Point72 Asset Management, that it considered suing the firm as a control person for the conduct of its various employees who were convicted of trading on inside information. That approach was later dropped in favor of a guilty plea for violating the securities laws.
Another means to charge those who help contribute to a violation is for aiding and abetting the perpetrator. The Supreme Court rejected accomplice liability for securities fraud in 1994 in Central Bank of Denver v. First Interstate Bank. But Congress restored it the next year for S.E.C. enforcement actions — but not private claims — by providing for liability for anyone who “knowingly or recklessly provides substantial assistance to another person” in a violation.
Unlike control person and accomplice theories of liability, however, Section 20(b) has been rarely used by the S.E.C. because there was no real need for it, at least until recently. But that may have changed with the Supreme Court’s decision in 2011 in Janus Capital Group v. First Derivative Traders.
In that case, the court said that only “the person or entity with ultimate authority over the statement, including its content and whether and how to communicate it” could be held responsible for a violation. In explaining how this limitation works, the court pointed to the relationship between a speechwriter and a public speaker, so that “even when a speechwriter drafts a speech, the content is entirely within the control of the person who delivers it. And it is the speaker who takes credit — or blame — for what is ultimately said.”
The approach in the Janus case makes it more difficult to reach those who contribute to a violation but are neither a controlling person nor an accomplice, but instead acted only as the unseen hand — think Tywin Lannister in “Game of Thrones” — behind the fraudulent conduct. It is not entirely clear whether the Supreme Court’s analysis applies to S.E.C. enforcement actions or just private securities fraud cases, and the lower courts have split on that issue.
But Ms. White is not taking any chances by pointing to Section 20(b) as a new avenue to reach those who use others to engage in wrongdoing without committing the violation themselves. Section 20(b) avoids the obstacle thrown up by the Janus opinion and, as Ms. White pointed out, lets the S.E.C. “reach those who have participated in disseminating false or misleading information to investors through offering materials, stock promotional materials, or earnings call transcripts.”
This provision may even allow the S.E.C. to go beyond just misleading disclosures to pursue individuals in other types of cases.
Controversy has swirled lately around the conduct of activist investors who take large positions in companies and possibly leak information about their intentions to entice others to make similar trades. DealBook reported that the S.E.C. is investigating trades in Herbalife after William A. Ackman’s hedge fund, Pershing Square Capital Management, took a large short position and criticized the company as an illegal pyramid scheme. Among those asked to supply information is Pershing Square along with firms founded by Carl C. Icahn and George Soros that bought shares after Mr. Ackman’s arguments against the company became public.
It is not considered insider trading for a private investor to disclose the intention to buy or sell a stock or the reasons for it, even if that information might significantly affect the market price. But there are disclosure obligations for those who own 5 percent or more of a company, and restrictions on trading intended to manipulate a company’s stock price.
Encouraging others to buy or sell could be the basis for a securities violation even if the actual traders do not violate the law on their own because they did not have the requisite intent. Section 20(b) could be the basis to pursue an enforcement action if one person encourages another to trade to avoid making a required disclosure because the transaction technically falls outside the reporting rules. Using others to do your bidding is exactly what this provision is designed to reach if the government can show intent to violate the law by the person who orchestrated the trading.
In her speech, Ms. White described the use of Section 20(b) as “What Is Old Is New.” Her discussion is a warning that the S.E.C. is planning to dust off an overlooked provision to pursue conduct that skirts the edge of the securities laws by those who use intermediaries to do their bidding. The defense bar will have to figure out how to deal with this new push.
Peter J. Henning, a professor at Wayne State University Law School, is a co-author of “ Securities Crimes (2d edition).” Twitter: @peterjhenning
http://dealbook.nytimes.com/2014/05/27/s-e-c-...o&_r=0
Wow, interesting article, eh?
Yes really! Some are just prolly tryin to recoup what little they can as the SP plummets. Again....just a differing opinion then yours.
I'm not sayin your wrong....just who would short a subpenny. The current volume just doesn't support that idea. Again....JUST my opinion.
That's JMHO, same as you having one.
Longs selling, really?? Who would hold till .004ish then sell, for what? why sell now? "longs" come on, they either still believe or hold the loss till end of year......IMO
I think not. Shorting a subpenny? Not happening IMO. It's longs selling out of their positions. Who could blame them with current the state of affairs.
tsuguy, you said a mouthful, very well said though and unfortunately I think that's all true.
Definitely more people trying to short instead of buy. Other than the longs holding there likely isn't any new investor capital coming in to support even these levels. At least none evident on the bid.
Agree Nil, won't be able to do everyday, but should be able to report at least weekly, thanks to Short Analytics. Volume on Thursday was more shorts than longs. They can drive it down,
then buy it back/cover and the price will go back up again.
http://shortanalytics.com/getshortchart.php?tsymbol=wsgi
Ran across one of our old SharpCharts for the weekly, looks way better than the day to day. Could pickup if this new partnership or group has any good ideas up their sleeves, eh?
http://stockcharts.com/h-sc/ui?s=WSGI&p=W&b=5&g=0&id=p29742624569
GLTALs
Have not heard anything from u for some time Nils, hope all is well.
Here's an understatement:
Update regarding duplicate trades being reported
http://ih.advfn.com/p.php?pid=trades&symbol=NO%5EWSGI
12:30pm today
178,429 buys vs 100,000 sells O ? Vol.
15:46pm today
131,637 buys vs 350,000 sells 283,429 ? Vol.
765,066 total volume, really with ? Vol being shown also as
buys and/or sells.
What else do they not get right!
http://www.otcmarkets.com/stock/WSGI/quote
GLTALs
nonotme, here's a picture that nobody saw 9 years ago.
http://www.otcmarkets.com/stock/WSGI/chart
Volume has picked up some since the 2007-2011 years unfortunately, it's only in pennies now where before it was dollars. Our mgmt. has done more than I ever thought they would have been able to do with the mess they were left with. But it is still easier/cheaper to do than a fresh start up would have been. Until the board members or officers start bailing one by one, I think there's no need for anyone to panic. MMs love the
"blood in the streets" and the more shares they can get their hands on to sell, sell, sell, or short, short, short, they will even if they are penny shares, why because they can/do.
GLTALs
Instead it will be shut down by it's own negligence and incompetence.
Sure according to you and your buddy's this Company was to be shut down by the SEC long ago.
Sure, give me a suggestion. This company been easy to call for the last 10 years. Thats not the tune ya'll were singing when I predicted this months and months ago though.
Well Risk that is pretty obvious. Want to try something a little more difficult?
1/2 cent will be the new low this week.
That is jacked up..because what Ihub is showing just above this post is correct.
Okay. TDA is showing 13 Shares traded @ .0063. Seriously?? .08 friggin cents??? WTF?
That's because I stopped flipping it, I mean I mean, shorting it!! I mean, flipping it!! Sorry hogman!!
I know, sorry Trashboy, me too!
Closed Friday at 7/10 of a cent.
For you old timers, that's .0004 cents. (pre-split)
Volume still perplexes me?
I guess we now know why it went so low yeaterday...
I wuz tryin' to find something positive, be?
Watchtalkinbout, Trashboy???! That's still pathetic volume, imho.
BBB: Based on the Letter to Shareholders I believe there won't be a WSGI contract anytime soon... IMO
Maybe one to the NEW owners of the BiB.
Way more MMs lined up on the ASK side of the equation between .009-.01 from what I can see.
http://www.otcmarkets.com/stock/WSGI/quote
Looks like shorts want to take it down so they can cover/buy it back and make the window bigger. Tomorrow will tell the story. Still gets the volume up and they make money on volume.
http://shortanalytics.com/getshortchart.php?tsymbol=wsgi
.0051 Bid/Sell vs .0095 Ask/Buy
Big gap for under a penny, eh?
http://ih.advfn.com/p.php?pid=trades&symbol=NO%5EWSGI
May just be playing around until our contract comes out, MMs only make money when they sell, sell, sell long or short or naked. They don't have to worry about until they get caught with their shorts down, ha ha!
Trying to grab up any cheap shares laying around for those with no guts/patience to hang on until such time of contracts.
GLTALs
Spring may have shown up on the calendar but the weather sure hasn't cooperated, down to 37 last night where I am at the moment.
I sure hope that's the last of 30+ lows until winter.
GLTALs
hogman5, I was under the same understanding that once you become SEC reporting, it continues until you stock trades no more and you get kicked off the pinks. So trading is good even if we can't get above a penny because of the shorts/powers that want to keep us down here where they can still get away with it.
The SEC reporting actually helps attract investors, which is why we have so many mutual funds reporting holding our stock in their portfolios. Watch for it to increase when our big contract/contracts come in.
GLTALs
Volume picked up in late April, almost as if something is expecting. I think if it picks up again like that it will move hard in one direction or another depending on polarity of news.
"As long as officers, directors continue to buy up shares" Sorry Triple B - no inside buying going on here.
BBB: Re: reporting.
When we were on AMEX (GTE) we were (supposed to be) reporting. My understanding was that, when we left AMEX, if we had EVER had to report we STILL had to report.
Anyone? Does the name and symbol change affect that?
rwehapi2003, there are some stocks that have been knocked down to the pinks and have chosen for one reason or another, to stay put.
http://www.otcmarkets.com/stock/WSGI/quote
We've got this back again: Real-Time Level 2 Quote Montage,
that we lost a couple of years ago when we didn't have any contracts to work with. Looking over the MMs that are lining
up with buys vs sells and at what prices. Pinks have always had a negative connotation to them, but so does the bigger markets right now. Way to high in price for what little money is available to spend/lose in the markets with a lousy economy, trouble in every country out in the Middle East, weather attacking from coast to coast here at home. Droughts out West, flooding from the Midwest all the way up the east coast. Roads disappearing right in front of people's homes/sidewalks and it's only 5/5/14.
Even though we may not need to report to SEC, we always have, so I don't foresee that going away ever. We just need to sell, sell, sell products, products and more products. Continue to get contracts, big or small, doesn't matter. Keep our noses clean, stay SEC compliant with financials, even though they are in the negative.
As long as officers, directors continue to buy up shares while
the rest of the world falls apart, we should still be in the right place at the right time. Military spending cuts bode well for us, whether it's personnel or hardware or software as our products are too cost effective to ignore or do without.
It's amazing how much volume happened the end of April before all this "pink" talking. Most of it buying by longs. Very little of it selling by shorts.
http://shortanalytics.com/getshortchart.php?tsymbol=wsgi
Nice to see IJO back posting. Gone more than a month. Too long for a vacation, work could have had him tied up. Hopefully, his health is topnotch and was never a problem for him.
GLTALs
I think it's great! We should vote to give the leaders more shares. What a accomplishment.
Really. . .
WSGI World Surveillance Group OTC Pink Current Information.
http://www.otcmarkets.com/stock/WSGI/quote
BBB or anyone else. Now that we are on the pinks again, I was trying to think of what is different for us?
I believe we are not required to file as many SEC requirements, and I am also not sure if financials are required as well. If the company figured this was going to happen, I wonder if there is any way this can be viewed as strategic?
I know there were past arguments about needing to be on a big board for institutional ownership, or for to better our chances at funding, but does that really matter if we do have a sizeable contract or Argus, re-engineered, proves promising? If the NIE results in a multiyear contract for BIB's, I can't imagine funders would not touch us just because we are trading on the pinks.
Also, they say trading on the pinks is ripe for manipulation. I realize that puff PR's and other forms of manipulation can be part of the circus, but from a trading standpoint, do they mean that trades can be less orderly and result in more violent swings up and down?
Agree Trashboy, Nil has been tirelessly following this for years and done his best to help others understand both boards in the bad days and now in the good days.
Here's and interesting find from another past poster of our little penny.
Since he's actually talking about a different stock, when you compare charts of what he's saying, you can see where ours looks a whole lot better than the one he refers to. Patience has always been a virtue, but it's been a long many years of watching and waiting and searching from Nil and all the rest.
See our chart at the bottom and compare them side by side in different tabs on your computer screen to see what I'm talking about. A picture is worth a thousand words from a trader who use to trade our little penny in days of old.
UNGS
http://stockcharts.com/h-sc/ui?s=UNGS&p=D&yr=0&mn=3&dy=0&id=p40330747482
Actually the support indicator StochRSI and CMF are in conflict. One increasing, while the other decreasing. TIP: Conflict in support indicators indicates accumulation.
So the answer to your question;
Quote:
So, what is going on in UNGS?!
is accumulation is going on.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=101357225
Here's ours below: It's not IF this is going to happen, it's just a matter of WHEN it's going to happen!
http://stockcharts.com/h-sc/ui?s=WSGI&p=D&yr=0&mn=3&dy=0&id=p83750198686
GLTALs
nils,
Thank you for the efforts you volunteered in keeping the short reports updated. It was always interesting to see the fluctuations and try (for my lack of knowledge) to ascertain what was going on, and why.
Your tireless tracking of these events was appreciated by all who visit this board.
Thanks again!!
Awesome Nil, it's amazing how far the distance is from the 8:00am to 4:00pm timeslots, going from the east coast of Africa all the way to the east coast of Australia or vice versa.
As you well know, it's extremely difficult to choke down that a plane nowadays with all the technology/satellites/monitoring/ surveillance going on that nobody knows anything. Not buying that for one minute. I have my theories, as you well know if you've read and kept up with the blog of insiders for the "ptb"
in charge at the top of the top.
Which by the way, goes right along with why our little penny or less now-a-days, having the technology in the right place at the right time and still being stifled or locked up behind closed doors for the time being. Call it whatever you want but not ever selling my shares until "they" put the price of this stock back where it belongs, and that is not in penny-land, eh?
I don't blame you one bit and agree whole-heartedly. We have followed this stock for years and have seen too much, day in and day out, when time would allow it, to give it up now that all the bashers are back in full force when the company is required by law to keep quiet when things are in the works. It just feeds the negativity and I won't be a part of it either. I choose to live my life in the positive here and now. The future will take care of itself if we stand up for truth, justice and the American way! My guns are locked and loaded, and as Charlton Heston once said, they'll have to pry them out of my cold dead hands. My case, that's the shares/guns both!
Nice to see all the longs in our stock even if it's only 5 out of the last 6 days for the end of the month, eh?
http://shortanalytics.com/getshortchart.php?tsymbol=wsgi
GLTALs
Followers
|
228
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
44374
|
Created
|
03/24/05
|
Type
|
Free
|
Moderators |
WELCOME TO WORLD SURVEILLANCE GROUP INC. (TA BOARD)
The WSGI TA board was created to provide existing and potential investors a forum to discuss current technical analysis and explanations and discussions of price movement, daily price swings, mm's, specialist, shorting, option trading and other topics that moderators deem as appropriate to understanding the stock market and it’s relation to WSGI. Learning and teaching happen daily on this board directly and indirectly no matter where your skill level so keep that in mind and keep conversation civil, respectful and on topic. Since chart analysis is an more an art form than an exact science everyone will always be learning and improving their skills no matter what level of their ability.
A few points we would like you to keep in mind while posting
• Keep your posts on topic and WSGI related, discussion of fundamentals belong on our other WSGI board, this would include most analysis of Press Releases if they are discussed here it should include how , what and why it will effect price movement or charts
• Keep posts civil without pumping or bashing if you feel a need to, there are many places you can do that but not here.
• Predictions are just that if you feel WSGI will reach a certain price it should include your reasoning based off technical analysis and when to expect it to be reached.
• There are negative opinions everyone should be respectful of them, if you are presenting a negative opinion it should be presented in a respectful, thoughtful and reasoned manner. Everyone has something at risk and to taunt only inflames emotions, whereas information even negative can be appreciated if presented properly. If you can’t take a posters negative view point the ignore feature works great and no response works even better.
• Every post is appreciated it should go without saying. If you feel the need to thank or agree with a poster for their contribution feel free to as long as you add to the discussion a simple “thanks” or “I agree” will do nothing to further ones understanding on any subject.
• If you feel the need to alert the board to a purchase you made or intend to make the size of the trade is not relevant since this is a message board and one could claim any amount, what is important is why and what did you see in the charts that indicated your purchase price was the right at that time.
• Please follow all IHUB Terms of Use review here if needed. http://www.investorshub.com/boards/Terms.asp
Posts not meeting guidelines will be deleted without explanation we don’t have the time or desire to justify every deletion. If you feel strongly enough PM or email me and if I have the time or desire I’ll try to provide a reason. From time to time we may post a public explanation if it serves a larger purpose but don’t expect it every time.
Just a final note this board is only as great as we make it. If you have any suggestions PM or email us. This board won’t be great because of the moderators it will be great because of the posters, which there are many outstanding ones on this board and hopefully we attract more that may only read right now or may be looking for refuge from less civil forums. So let’s all work toward the goal of having one of the finest boards on IHUB.
Please vist our other board for discussions not related to the share price or market for WSGI Stock
===================================================================================
World Surveillance Group Inc. INFORMATION BOARD - http://www.investorshub.com/boards/board.asp?board_id=1871
_________________________________________________________________
TA RESOURCES
http://stockcharts.com/education/
http://www.baresearch.com/education/technical_analysis/technical_analysis.php
http://www.hardrightedge.com/tw.htm
http://www.chartpattern.com/understanding_chart_patterns.html
http://www.futuresmag.com/library/daytrade97/daytrdcontents.html
http://www.stockfetcher.com/
http://bigcharts.marketwatch.com/
http://www.chartpatterns.com/
http://www.incrediblecharts.com/technical/easy_guide.htm
http://www.bollingeronbollingerbands.com/
http://clearstation.etrade.com/education/index.shtml
http://decisionpoint.com/TAcourse/TACourseMenu.html
-----------------------------------------------------------
Naked short list on or off SHO list links:
http://www.regsholist.com/
http://www.amex.com/amextrader/
http://buyins.net/
______________________________________________________________
Holiday Trading Scedule:
http://www.nasdaq.com/about/schedule.stm
______________________________________________________________
OPTION TRADING EDUCATION SITE:
http://www.investorshub.com/boards/read_msg.asp?message_id=9826812
______________________________________________________________
SNSR Charts
TODAY'S CHARTS .............
Daily
Weekly
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |