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It is because the float is locked up.
Absolutely. I don't think this is being promoted. I know it is because every publicly traded company is at one point or another.
But I still get relevant information. It doesn't come from this board either.
Never said they were good at it...
Nobody said anything about breaking rules. There is no rule against PR.
The rule is against hiring it out and not disclosing the fact.
Anyone can pick up the phone and say "hey you hear about DBMM trading again? They beat the SEC!".
All public knowledge. Now if other person on that phone happens to have 5 million followers on their penny stock picks website, nothing can be done...
Absolutely right about time telling all.
When promoting in the markets, you have a list of these types of people.
They have a good following. They need this "tip" so they can get in before their viewership and sell into them after they pass the pick. Many like Timothy Sykes, became millionaires doing this.
DBMM didn't pay this guy. They have someone already on payroll contacting the usual suspects. I know this, because I know people that were hearing things and they are aware I am here already.
Honestly, if you are capable of doing research on DBMM, you can easily find that what I described going on here, not only happens, it is the norm.
I would never say that DBMM is hiring promoters. Never.... lol
The post is largely correct, except acknowledgement of how many times FINRA has not seen NSS until it was ousted. That is my whole point in not arguing over it. These shares do not exist. There is nothing to find until someone has to pay the piper.
I checked, you are right. I did type 3200 instead of 32000. But still under 3% as I said because of the SP.
Technically a win but put in better context. DBMM has definitely checked some boxes but the fundamentals are still horrible and the track record the same.
I hope DBMM takes full advantage of this lifeline they have gotten though.
You misunderstood. I only had a small amount, which may be relative to your idea of small, when DOE shut them down.
I was trading it significantly during the pump when it had ridiculous volume prior. But got caught in the BS like many of y'all here when it stopped trading.
Once it started looking promising I started buying more shares. It's not like a lot of money at my SP and it's a little less than 3%.
This is exactly why I keep saying volume. I have a relatively speaking, small amount, but couldn't get out if I wanted at this volume level.
It is not as important, at this point to keep figures private. It's either going to rip or not. Definitely not a life changing loss or gain either way. Well unless it actually makes $10 lol!!!
See you made my point.
That should read
0 wins 1 major loss and 9 hail Mary's in OT.
Nothing wrong with that. It is why I am here. It is also why everyone else like me that does this professionally, will come on board.
It's not because of DBMM fundamentals, it is because this has potential for a hell of a catalyst.
The real money will come in here without all the dabooom comments...
Yes I know you are not forced to repeat, you do it willingly and excessively. Lol
It's not the repetition I have a problem with, it is the reality.
I never said I was forced to repeat anything either. If I responded to every pie in the sky comment I would have 10k posts to my credit last month alone. I have simply said the same facts every time. Not wishes, assumptions or predictions, facts.
Yes I get they beat the SEC thus far but that is trivial at best. Only important take away, is why work so hard to save and polish a turd. I refuse to believe it was too save face or right some wrong. DBMM has no reputation or outpouring of integrity anyone is aware of or that needs saving.
The only reason rescuing DBMM makes any sense at all is money. It is the only reason they saved it, only reason DBMM and it's predecessors have remained and the only reason I have almost 3% of the float. I bought a ticket to see why they brought DBMM back from the dead.
But just because I am bullish, doesn't mean I am delusional. This is absolutely no different than betting on black in Vegas.
I am sorry, but just can't sit and watch all the NSS hype, .5 to 2, where's waldo, penny playground ridiculousness, without adding at least something factual to the mix.
Never said it wasn't possible. Said these guys are proxies, not the masterminds. Said it is virtually impossible to prove until FTD's start coming in. Said at this point "if" DBMM has a NSS problem, it hasn't shown up yet. Said main reason behind that is no volume and no point to start a squeeze, if you have enough to cover your margin.
Definitely said why the hell argue over the invisible? Pointless doing it day in and out.
IMO, if there is significant NSS these types of people have little in the way of friends. Someone will smell blood and force their hand. Much like CZ did to Sam in FTX. That is when you will see something, when volume gets over 100 million daily and only then.
Maybe I just need to sticky what I have said so I don't constantly have to repeat it.
Not defending anyone if you read what I said. Just saying they are one of many. As for hiding. Just because you don't know where they are doesn't mean they are hiding.
I just don't like glorified assumptions taking over the situation.
LOL. I don't think screwing HUD is a qualifying factor.
Kramer is a piece of work for sure. But half of PPP was fraudulent.
Hardly makes Kramer stand out...
You do know why they established short selling in the first place, right?
I was to keep the markets from stagnating and offer a competitive view point for any position. So an asset could be traded up as well as down.
You need short interest for long interest to be profitable and reverse is true as well.
You have to put yourself in a short frame of mind if you are going to make profit from their actions. At first glance, DBMM fundamentally is garbage, so most shorts are only here for a short time. So they look see crap and immediately bet against DBMM.
This is where you are correct. If DBMM can produce a solid reason to buy, whether factual or promotional, shorts will pay as they struggle to unload.
No, because in these highly manipulated low volume markets this garbage happens all the time. Same with under regulated foreign markets.
But if I had a naked short position, thought it would have to be covered and was going to actually cover it or try to. I would do it as much as I could in an area that receives little scrutiny.
This is my point. You can't know someone is covering a naked short, the shares do not exist. Only thing you see is SP manipulation and FTD's.
Well correct. As I have said like 10 million times here, volume is the only denominator that matters.
First, they technically only have profited at this point. So waiting to cover makes perfect sense. Especially considering DBMM was more likely to go bankrupt than overcome the SEC.
That said, everyone, no matter how wealthy has a ceiling. Honestly, if DBMM wanted to see if there was even a camels back to break here, they would organize a GME or AMC type crowd frenzy to flush them out. I think with as many longs here not willing to budge, float would be fairly locked up.
Lot of strangeness here and I think in the next month people will have enough time to digest the last several years of events. Which is only going to lead to the same point everyone here eventually reaches, why in God's name did they save this dead horse.
Many will assume either penny stock stupidity or a hidden reason that was worth the effort.
So who knows. Definitely will find out eventually, just not this year...
I would guess if there is actually a significant short here they have been covering even before CE drop.
Right now it would not take much capital to keep your margin requirements in check.
If you are short, you have a bearish view of DBMM and the mindset will be the same as those here with the same opinion. So why would you cover now even if you thought the sp would rise further?? Especially if you thought it would ultimately go back to triple digit trading. Would be far better to add to your margin and wait out the pump then short more on the way down.
Even 200 million is not a lot of money anymore.
Doesn't mean a squeeze can't happen, just means they have not been scared out yet.
Obviously can't happen with no volume...
Lol. One of many. Still little fish in a very big pond.
Agreed.
Friday before new year is historically bad. The next thing last trading day before the new year is historically good at is uncertainty.
But you are right.
Yes this BS is enough BS for one year!
I don't want to here it till next year lol
Y'all are hilarious! Can't let this victim thing go lol.
What Kramer did was illegal and unethical. What DBMM did was impractical and desperate.
But nether are victims. One is criminal other is negligent.
Only victims here are the shareholders
Lol very true. But it is all relative.
Unlimited resources has a slightly lower threshold in OTC...
Pull up seach interest.
No just different schools of thought. I have little sympathy for someone playing with fire and getting burned.
I have done it and had no sympathy for myself.
Yes, as does any toxic lender. These guys are just payday loans for public companies.
You get yourself roped in to that, it is hardly one sided. DBMM was gambling shareholder stake to get more capital and got burned. Right or wrong, it would not have happened if they had solid business practices beforehand.
Things change and you don't go to this extent to beat your dead horse back to life, just to say hahaha you missed. So something is up and obviously for some reason DBMM has decided to do better.
We will know why soon enough.
This is where you are wrong. I have shorts on right now.
Ok? What is the point in this statement? I don't see it, sorry.
You are assuming a "whale" thinks like a minnow.
When you have unlimited resources, haste is not a thing you understand. It makes no difference whether today or next month. In addition, if this is being orchestrated, that volume will be timed as well.
I am sure you are right. I don't use those types of brokers. Hard even to keep up with these public use brokerages. Constantly changing things to attract more accounts.
To your other point, I hold reservations about the size of or existence of any naked short positions. Only because it seems ridiculous to argue something you can't prove either way. But there is enough catalyst right now to create upward movement.
Has nothing to do with Kramer on vacation.
Many traders and offices that would trade this market have been out for a couple weeks already. Many close out positions and start new after the first of the year. I know many that refuse to even ljook at the markets when taking downtime. These people are not like many here, they don't need money, so thought process is different.
I closed my offices first week in December and open 2nd week in January every year. My kids still do the same. Not uncommon in finance.
That is a lot of verbiage to say you don't understand the process.
Does not matter whether there are naked shorts, shorts or longs. If there is little volume, this means few are selling or buying. Some of the volume could be naked covers but obviously it isn't significant. Mostly MM's making a market.
No matter what, if until there is volume, NO large position is going to do anything. This is not an opinion, it is simple fact.
As I have said many times, you will be able to spot anything nefarious once volume comes in and only then. If this was not the case they would not call it naked shorting...
You could put up a market order right now for a million shares and I bet it doesn't even move a cent.
That is your answer to some questions asked here...
Short mind set doesn't lend itself to fear. Otherwise nobody would ever take up the position.
Until DBMM sees some volume, nobody is doing anything but smoking cigars and drinking whiskey...
I don't understand why it's so difficult to understand. Until volume comes in here any sizable position short or long isn't going anywhere.
Argument on this is kind of ridiculous really.
LP came out of hibernation for the update! Happy New Year my friend.
Getting closer to a revelation in DBMM.
Very curious to see why for!