is doing a little of this and a little of that.
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.
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.
They ahve till the end of the day to purchase them. SO between now and then. And i think the rest of this week and next week is them covering. As long as we dont sell. This will walk itself up. We do need a little buying pressure, to help break through the thin l2. The ask is 1 MM thin going all the way up.
This thing is starting...
HDSN trading shares to MAXM. It's a MM downtick. Dont worry
I agree. I still have all of my shares. And yea. No sells. Which means the MM will have to cover and if they cant get anyone to sell they need to buy. This is going back up soon.
Is their activity today? Its still white on my board, so we have not went red yet. Lets just hope we slowly start going back up. Then news from Goddin, and this thing is running like a cheetah chasing after a moose.
ahh. I wish i had more to throw at this and get it going. Damn paycheck will not be here for another week. Maybe i could sell myself on the streets? hehe. Im not sure i would go for much, but at these prices, i would buy up the float in a second.
LOL. Will throw more as i get it.
:( Only if i had another 10k this thing would be rolling like a tub boat, slow but nothing can stop it
Bid 2 @ .0015 and 2 @ .0014
Ask 1 @ .0016 and 1 @ .0018 and 1 @ .0019
Nice steady buys is what we need. I like to see small steady buys on the ASK. :)
This may hve a reversal today:) Or at least close in the green.
which would be a very good sign.
Wow. Yea. They are trying to get this down lower than it is to cover and bare minimum.
I hate how they can alter the information and make it look like a sell rather than a buy.
I have tried it a few times, lost out 2 of 7 but gained 5 of 7. If you have read all of the stock tips everyone ALWAYS SAYS "Do not buy on emotions. When others are scared, BUY. When they want it again, SELL." That's how you stay ahead of everyone else.
Doesnt always work, but it has done me good. I keep putting money into this. I almost have 2mil. I WANT TO SEE THE 2mil mark. :)
More MM games. Who would sell 5000 for .0014? They made it look like a buy tho. HAHA. Hang in there guys. And girls if there are any.
Good things come to those who wait.
Wait a day make a dollar
Wait a year make a few hundred
Again, JMO
FTIW i think L2 is starting to shape up.
In the past few days, when someone bid whacked, the ask would drop down to the bid, and the bid would go lower.
HOWEVER. Today, they have been keeping the ask where it is, and not trying to walk it down anymore.
Last 3 trades were at .0013 but the ask is still at .0015. I think MM are starting to get the hint that we are not dumping any longer.
I think we may see some consolidation here at this level, for a little just like the other chart i posted yesterday night, then in a week or so, it should jump up as they attempt to cover.
Check out the other chart after the first jump and drop. Then it jumps, and drops again, to give the appearance that the trend is over, then another jump for the final covering.
Our chart is starting to line up with theirs on not only, trend, but volume, RSI, and a few other indicators. I just feel sorry for all of the people that have sold already. They took profit/loss but this is going to be big soon.
again, JMO.
Good man. This is all we can do, is slowly accumulate and then pop.
There goes the MM again.
5000 sell at .0013 = $6.5
Cost of trade with etrade = 7.99
Net loss of $1.49
That can show you the MM are still doing their thing trying to scare us.
I agree. Short Squeezes sometimes take time and work with a team. Ours is in the work, but i honestly didn't think the MM would shake it this hard. I didn't imagine we would get to this point, but this gives a chance to average down and lock up more of the float.
This is probally the worst stock manipulation i think i have ever seen in my 5+ years of trading.
They did do exactly what they needed to do tho, scare out enough people that they could cover a portion of what they needed.
L2 is looking good, if they would just open this up. IMO, they will try to hold this down for another day or two, and then let it up so they can start covering. I wouldnt be surprised to see covering at the EOD today, for just a few portions. They can clearly see no one wants to sell at these levels. Rather than buy, they will jump the price up to see if they can get any GTC or if people will start dumping shares.
They cant hold us down for long.
GO ETLS.
Exactly, why would bashers come to a "DEAD" stock and start bashing or making silly comments. Just tells you the MM's are not done with this and THEY WANT YOUR SHARES. THEY CANT have mine. Why? Cause there mine, and if you want them, come get them above .01. :)
It may be a little while until we see the push to start covering, but if you hold, you will definately see that time. No one else is selling, and eventually they will need to cover. I have a few people that are going to come in tomorrow and start buying up float as well.
Once the float is COMPLETELY LOCKED, and or the MM need to start covering, it's party time in here.
You are correct. Only 300mil not 536mil. I guess i fat fingered a number while i was on the calculator
No. Because the MM has a certain amount of time to make due on the share by SEC regulations. So if they Naked Short, they have i think (i have heard 3, 14, 15, 45 days but am not sure of the actual number) number of days to return it. So there are technically no extra shares, just one is a IOU until the MM makes good on it, then it's no longer an IOU. That is why i believe it does not dilute the current float is it is not an actual share, but an IOU that the brokers see as shares. But then when the MM buys a share to cover it, that share is then removed as I have the share.
If you are interested and have about an hour, this guy does an awesome job at explaining shorting, and FTD's, and how the MM work, and play games, and etc. then view this video. He does a way better job than me explaining it.
He is talking about the corruption in our markets, but he does go over shorting, and naked shorts, and what this means, and how it works in the market, and etc.
www.businessjive.com
They have covered some shorts but no way they have covered all of the shorts. In just the past week this is what has been shorted:
20100401|ETLS|3397000|12089493|O
20100405|ETLS|6124134|10718199|O
20100406|ETLS|25345080|74477428|O
20100407|ETLS|85173530|195656825|O
20100408|ETLS|26961454|54840088|O
20100409|ETLS|33602351|85769859|O
20100412|ETLS|32573034|70403821|O
20100413|ETLS|15968631|52754962|O
20100414|ETLS|22310473|64982586|O
20100415|ETLS|9395495|19871388|O
20100416|ETLS|12731135|24837515|O
20100419|ETLS|10528291|25386615|O
20100420|ETLS|8315285|16687751|O
Total Volume: 708,476,530
Shorted: 292,425,893
--EDIT I fat fingered the calculator keys and it's 300 mill not 535 mill--
So since April 1st they have shorted (around 40% if im correct.. If not forgive me. It's still earlie here in Cali). There is NO WAY they could have covered all of those shorts already. The dump started.
So lets take the last 4 days out of there for the Dump, or lets even say that ALL of the volume on those days were the MM cover, which it was not because they still shorted on those days. But lets just suppose this was the case.
19871388+24837515+25386615+16687751 = 86,783,269
Total Shorted: 292,425,893 - 86,783,269 = 205+ mill shares that still need to be covered.
We do not know the actual percentages, but take this into account. THE MM have ALOT of shares to cover and they know this. That is why they are trying sooooo hard to shake the tree and make you think it's over. So you sell and they get their shares back.
With these numbers, it's in my best interest to stay here, stay long, and keep loading. The MM's need to cover the 535mil shares sometime. And they keep shorting every day more and more to us.
Just my .02
That tells you it's MM manipulation. No one would sell that to make $3 when it cost 9.99 to make a trade. So out of that, you would loose another $6.
I think this is MM walking down the price to cover on shorted shares from earlier this month. But they make them look like sells by downticking and then buying.
You are correct. If no one wants to sell and every sell order is set to lets say .0060 minimum, that is what they would have to pay to purchase the shares. This does not mean that is going to happen.
I believe they also short to each other to keep from covering shorts for a period. but untimately they have to cover no matter what.
Yes they have a way of doing that by jumping up to .0015 then letting my order through at .0014. I put my order in at .0015 to see them go up, but FKing MM's. I HATE NITE and ETMM. I can not wait until this pops and you have to cover. I want your BMW payment.
Yes. They could cover, but they want to see how low they can bring this thing, so they can make as much money as they can. The lower they buy at the more money they make. That is why they have taken so long to cover. Just wish that many people did not dump. But according to the charts we are where we would have been if PSC did not come in.
A small help (I just loaded another 25k). Just slowly keep slapping the ask and loading up on the float.
Im enjoying the little solid buys coming in. If we can keep that up. (I think im going to throw another $50-100 on it today), we can slowly pressure them up. If you look at the chart i included last night to compaire with ETLS. The chart play is identical. Look at it. We will not hit the $5.00 stock price, but it will jump and it will look like that chart. When it hits, ill repost the chart and we can see if they look alike.
Don't get discouraged. MM's do this to make it seem like the run is done. They you get discouraged and give them your shares, and your money, and your house, and your wife. Lets not go down that road.
May 12th 2010 4:20pm
This is not this stock, but applies as an example to a short squeeze. He gives a perfect example on another stock. Look at the chart, and look at ETLS's chart. Let me know if you see any similarities in the MM shake downs.
We must not fall victim to these games.
Notice how on the ETLS chart we are on the first surge of shares/volume/jump in PPS. Notice on the other chart how that was the lowest the MM's covered.
Notice how the volume drops to a stand still to give me impression the run is over "We are in this stage currently" Then look what happens a few weeks/month later.
LETS HOLD THIS FLOAT, LETS MAKE THEM COVER, LETS GET THIS UP TO PENNY LAND.
It is possible and from the chart you can see the games that MM's will play. They HAVE TO COVER. i repeat THEY HAVE TO COVER.
Can i get a chart for ETLS?
That's what most of today was. They are shorting to each other mainly to try and walk down the price. They can not keep doing this too long without getting caught up even worst than they are.
Im sure when this pop's it going to be SUBSTANTIAL.
Im sitting back. I have nothing but time to make money. Give it to me slow, or give it to me quick, either way, just give it to me!!!
"That's what she said"
No matter is volume dries up, the MM still have to cover. There is someone ALWAYS willing to sell at their price. I have a few asks out there for .01 and over. So MM pretty much have to gap up and purchase at the next ask price available to get their shares. Once they get through all of those they have to purchase at the next ask price. If im not mistaken they have 15 days to cover from the time of shorting. During the "Short Squeeze" there is a huge increase in volume as the MM try to cover and cover for as little as they can. Even if this means the next ask price. So the little volume to awesome. Means they need to cover some of their shares today, so we should see some buys coming in on the ask and pushing it up, as the MM try to cover.
This is all given that no one dumps a couple million shares to them.
Im not certain. But with this low volume they may start to cover soon. Watch. Towards the end of the day, we may see them start to cover a small portion and the price will skyrocket in just a few minutes. They need to cover and they usually do it when volume has died and the stock looks dead. With this little volume today, we can hope today is the start of something beautiful.
I second that. He is in my thoughts. We are waiting for your power to come back on Michael AA. We will see you online soon.
See everyone says this was a P&D. I do not think so. It was used as a P&D but it is holding this low support. Look at the spread. (Bid 4@.0004, 2 @ .0003 , 2 @ .0003 | Ask 1 @ .0005 , 2 @ .0006, 4 @ .0007)
It looks like they are opening it back up to run up to 7's. or even higher. Something still smells fishy in this whole thing...
I agree. New people would help to start this back up. But we dont want it to run too quick or else we will get day traders, flippers, and that might help the shorts.
I think this low volume pull back and consolidation is a good thing. The MM are testing the water, and i think they know now loud and clear (WE ARE NOT SELLING). THey will slowly walk this back up to try and catch shares.
But ultimately. THIS IS GOING UP. Lets start posting to get this on the first page. :)
GO ETLS..
This is all IMO.
I agree. Hope your OK Michael.
I agree. If you have any doubts or do not know how to trade with out emotions, sell me your shares. Hell ill even buy them .0002 above that they are going for!!! Why would i do this? Cause if you are out of the picture this is going no where but up. But with "fkin newbs" not knowing what is going on, and posting stupid sh&t on the boards, causing panic. Take the words of your mother. If you don't have anything nice to say, dont say anything at all. I would rather take you out now then keep you in there and we are going to loose money because of a few people trading on emotions.
1 @ .0025 x 1 @ .003|1 @ .0035
Little volume is ok for now. It will show how easily the PPS moves with no volume. Shows we have the float locked. We want to make small gains each day. Dont want to attract flippers/day traders.