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Looks like this one has bottomed out for now.
Looks like we might of found some support between 4.10-4.18.
Too many playing this stock like it was a penny stock. It is not going triple in one day. Considering that the main short position is a hedge fund (IMO) they will control the price until they are out or until they can't hold it back. It is going to take a considerable increase in institutional holdings to move this past 5.50-5.73 and hold IMO.
Today almost got away from them right before open I think 7-8 million shares in 10 min.
I am still holding 2/3 of my position I had to take profits on a move like this morning.
It has moved up from 3.08 to over $5 in the last few days somwhere around 60%. It is way overbought and needs a rest.
5.38 gonna get taken out? If so should start a run but shorty is trying real hard to keep that from happening IMO
Thanks
What is that central time it's 8:00 here
Most likely this will still be halted when market opens. They will need to announce news then they will start trying to figure out the opening price. The "pit boss" will decide when he thinks everything is squared away.
Good luck guys/gals it's a long time coming.
No current time or date to resume trading.
https://www.nasdaqtrader.com/Trader.aspx?id=Tradehalts
Closing bell on cnbc just reported the news!
I've been pretty quiet lately but I have been reading your posts. Just a matter of time and its finally here $4.50 AH!!
Thanks for everything you bring to this board.
Looks to me like the shorts are being let out of their position slowly in a very well controlled manner. More time that passes the less pop.
Not that it wasn't expected but moving up nicely now. Congrats to those that got in around $8
good to see ya Tom! Could we finally get some closure on this baby?
they are really breaking the size of the trades down single digit sizes
Judge magistrate will decide the date upon his/her schedule. They must contact by Dec 1st.
You guys are posting nonsense to each other and trying to play it off as facts.
It's plain non productive. There is no hard evidence that they are just milking shareholders or that they are about to blow the roof off with technology everyone wants.
Just take this "investment" for what it always was... a lottery ticket that had about the same odds of panning out.
If something comes of it great but the risks of an underfunded company designing a break through life changing technology should have been in your mind all along.
my gigantic $1000.00 investment around 4 cents is now worth $60 lol
just my 2 cents
Thank you JJ!!!
You are definitely on top of this and your posts are incredibly valued by those of us whom are laymen when it comes to the judicial process.
So now the financiers have hired a paid basher to get the price down so they get more shares when converting... Typical
You know it's bad when we hang on one persons word on a MB
No offense
Excuses will be laid out to cover their butt.
I was speaking of those for whom it was a short-term bet on a ruling by HJJ. I apologize for not being clear. I don't post much anymore cause if your not exactly perfect in your wording there is always someone ready to tear you another one on this board.
Best of luck to all
I would say most of retail has exited this stock.
I tried to tell everyone that this was a lottery ticket buy. Don't invest unless you where ready to lose ur investment.
I bought with that very mindset. I don't post anymore because there is no reason to.
With that said I will not sell either. My 25,000 shares will either disappear or be a nice retirement 10 years from now.
Know what your getting into before taking a longshot bet on a company that has been shown to be milking money from its investors for years.
Lottery tickets are usually 1 in a billion chance. This was a little better odds than that but now looking like I should of been buying tickets at a gas station lol.
JJ & Lazer
Thanks for your responses and they both make perfect sense to me.
Greatly appreciated
Well the market seems to like it!!!!
GO V GO!!!!
Google may have made a critical error here.
If they have not given V or anyone else for that matter enough documentation to prove the matter then HJJ can say to Google this is what you provided and this is what the ruling will be based upon. Therefore, the Work around issue will be dead until brought up on a separate case. Experts should only be able to discuss the evidence submitted. Giving V the advantage. IMO
If anyone sees this differently I encourage your responses.
Thank you JJ most of us appreciate what you do here!!!!
Why would they settle when the judge has given them everything they want and more. Politics has taken over our judicial system plan and simple.
Just got here read the pacer
I new that HJJ did not have the balls to rule on this.
Yep just as I figured it would be
Broke support of 50-day buying op coming
I sure am glad u guys are coming to the same conclusions I've been posting about for months lol
Yes they will take the max allowed dump them keep the price down collect the max again and repeat until they are finished. They may hold on to the last batch but you can bet they will get as many as possible.
Still seeing big blocks being sold. Wondering if this will stop but the same thing happened when it was .38-.48.
Anyone think the financiers are still selling?
First hearing isn't until Oct.
ZTE will not settle before the hearing
The best thing we could see now is:
A slow controlled increase in price.
Sudden dips followed by buying.
A slow decrease in shorts.
Volume of 4-8 mil a day.
This will signal a move from accumulation by institutions to a pattern of covering.
We may see a day or two of downward pushes to try and take some retail out and cover at lower price.
My thought process tells me without news we will be sitting close to these levels come Friday. Then we start seeing the incremental increase as I spoke of.
The wildcard (without news of course) would be another institution stepping on someone's toes to cause a squeeze. Unlikely until RR is ruled on but possible.
http://biz.yahoo.com/e/130805/tdcp8-k.html
Form 8-K for 3DICON CORP
--------------------------------------------------------------------------------
5-Aug-2013
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet
Item 2.03 Creation of a Direct Financial Obligation
On July 30, 2013 (the "Amendment Date"), 3DIcon Corporation (the "Company") entered into a second amendment agreement (the "Amendment") with Victor Keen, a Director on the Board of Directors of the Company, to amend that certain Convertible Bridge Note (the "Note") in principal amount of $60,000 and due December 10, 2012, as amended by that certain Amendment to Securities Purchase Agreement dated as of January 23, 2013, extending the maturity date to April 30, 2013 (the "First Amendment"), and by letter agreement dated May 1, 2013, extending the maturity date to May 15, 2013 and that certain Securities Purchase Agreement dated as of September 10, 2012, as amended on January 23, 2013 (the "SPA").
Pursuant to the Amendment, Mr. Keen agreed to extend the maturity of the Note from May 15, 2013 to August 31, 2013 (the "New Maturity Date") and to waive, if any, existing or prior defaults under the Note or SPA and the Company agreed to
(i) amend the conversion provision to allow for conversions based on a conversion price calculated on the Amendment Date or the New Maturity Date; and
(ii) to include an interest rate equal to 10% per annum, payable on the New Maturity Date, as amended, which accrual shall commence on December 10, 2012.
The foregoing information is a summary of the Amendment, the First Amendment, the Note and the SPA, is not complete, and is qualified in its entirety by reference to the full text of those agreements, each of which is attached as an exhibit to this Current Report on Form 8-K and the Current Report on Form 8-K filed on September 10, 2012 and January 26, 2013. Readers should review those agreements for a complete understanding of the terms and conditions associated with this transaction.
Item 9.01 . Financial Statements and Exhibits
There is over $100 mil on the short they will not allow themselves to be squeezed by retail.
There would need to be another institutional buyer or 2 come in with about 20mil shares to squeeze them out.
I posted chart with explanation of what I believe is happening look it up for more info.
Best to all
Big boys still in control! Retail will not break them. Period!!!
They will cover on their timeline!
Pre-market looks good got beat back down to $4.00 though. Definately gonna need to see some bigtime buying through $5.00 to cause the kind of squeeze I'd like to see after fighting with this stock for as long as we longs have.
But still very happy as of right now!!!
Congrats to those whom have suffered through this annoying period of very light gains followed by immediate reversals.