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Hi Rhapsody - it's the norm to have "troubles" as you say with the MMs when you try to buy low volume pennies on the bid - that's standard practice for them, they do what they want, when they want to I probably only ever get filled on the bid 1/3 of the time - if the chart technicals show what I want to see, and I want to build a position in a particular stock, then I'll try to buy in between the bid and ask and usually get what I want. Otherwise, you can get stuck on the bid, competing with big MMs, and never get filled - and maybe miss a chart breakout ...
What you described today, trying to buy SFNN at the bid that you could see on L2, is totally typical. It's rare to get filled on a low volume day on the bid. I built my SFNN position (500k) over the last 7 or 8 trading days at an average of 0.029 - some bought at the ask, a little at the bid, and most in between. If SFNN breaks upwards (my prediction ), I'd also say that you probably won't get your 457k now unless you chase it at the ask - and I refuse to do that ...
GLTY
Opp
Rheddle, IMO, the chart looks like it will go UP from here, not down as you suggested - more of the technicals are bullish than bearish, and the overall pattern on the daily chart is typical of a pennant/flag breakout to the upside ...
0.025 should be the absolute lowest (on low volume most likely) before moving to new support of 0.05 (after upside spike to 0.07 or higher) ...
GLTA
Opp
Agreed, chart looks bullish, I took half of my long position today solely on the chart technicals ...
GLTA
Opp
Last chance to swap your SLJB shares for BIGN, one for one ...
GLTA
Opp
Very good response, Heartbeat (eom)
Hi sig - what's up with their website, is it offline?
Do you have a new link if there is one?
TIA
Opp
Thanks for the call to Petar, Brent. Your post means a lot, there is so much other nonsense on the SLJB board these days, it was great to see your name by a "call to Petar" post
Blessings to you (and hope Janice is doing better)
Opp
Thanks for reposting that asus, much appreciated.
Opp
Yup, pps has held up much better over the last week or so than I predicted. I'm back in and looking for more
GLTY
Opp
Wish I could - but my resources are limited I'm back long 400k at the moment ...
GLTY
Opp
That's because I got most of the 12.5's that were out there
Opp
Hi stushy - can you elaborate a little on the 'money' you refer to that ECCI has? I still don't know the company background that well, the longer I hold this the more DD I do
TIA
Opp
Yes, well said and very predictable it seems, the MMs do indeed look to depress the price early. Tempting to buy under 0.08, but I have a lot of cheap shares already Let's see how the late-day squeeze treats us today
Still surprised that the MMs have the guts to short more on top of the mess they're already in. Very interesting. I'm still wary of these guys, I'd generally rather be 'with them' then 'against them' in the world of penny stocks ...
Anyone have any ideas what EECI's preferred strategy will be?
TIA & GLTA
Opp
Wise Post! IMHO only (eom)
Thanks TFN, but WOW, the flamers on this board actually let you post your objective opinion without hammering you???
Last night I was told here that I'm a paid basher - of course I'm also Bill Gates in disguise, and for all anyone knows I could also be Petar V I got two absolutely vile PMs sent to me from last night from board members here - you gotta be kidding! People would actually say that stuff without prompting, from a few harmless posts of mine on a stock message board? Sad. IMHO, some people have too much emotion (and way too much money!) invested here ...
Back to SLJB. IMHO, I do agree Petar is acutely aware of the 'quick flip' sell-off mentality when the AFs are released, but I don't think it's any reason for the AF (and other PR) delays (is that waht you are suggesting?). In the circles I discuss SLJB with, we all just think he bit off more than he could chew - the accounting (obviously), the complexities of international ventures (timing and communication), etc. I think he believes (knows?) he'll 'get even' with shorts eventually by simply following thru on the master business plan (i.e. building a construction mega-conglomerate), I just think he didn't realize how long and hard that process can be. I work in the Middle East in an internationally-connected business, nothing ever happens when, or 'as fast' as you want it to. This is why I flipped much of my SLJB - I'm taking the chance that I can get back in cheaper because of these inevitable international business delays - if I miss the run-up in SP, so be it, "the market is a never-ending universe of other opportunities", correct?
I too do not think SLJB is a scam. If anything, the problem so far is that they have been over-ambitious with their plans, and also (refreshingly for a pink sheet stock) a little too honest with shareholders (e.g. Petar's blog).
Anyhow, much to the cheering of many on this board, I'll go back to lurking. PM me if you think I can help on things happening over in this part of the world.
GLTY
Opp
No, I'm not that smug, paper profits can and often do disappear if I'm not careful. And besides, it's only money, not the true key to happiness
It's is satisfying though when a bunch of us Retail little guys win at the expense of the NITEs and ARCAs of this world . Thanks again
So, looks like ECCI needs to punch thru resistance at 0.09-0.10 tomorrow ...
GLTY
Opp
Nice day today after all! Just needed to wait to hit support in the low-mid 5's, then up we went. The MMs certainly were leap-frogging over each other on the bid late in the day, ROFL!!! Thanks for the heads-up TAKI ...
GLTY
Opp
Sandbath, thanks, too bad that you have to live with this guy on this board The totally bizarre thing is that I've been long SLJB longer that he has (!), and I probably still have more shares long than he does!
When people get that attached to their investment, the MMs will eventually make money at their expense, which is sad IMHO, because I'm one of the 'little guys' like he probably is, and I certianly also like to see the MMs go down in flames ...
I still think SLJB's PR on the 15th will have surprises, and not all will be positive IMHO. But my bet is that the share price will still move up ... But what do I know???
GLTY
Opp
Snips, congrats, you are my first ever "ignore" on IHub
You gotta be kidding me ... (eom)
Mr banchrima, your view of my posts is sadly wrong, but that's your loss, certainly not mine. I'm even bullish on SLJB and still own some shares long, but you (and even some of the mods!) don't see it. That's why so many of the 'good old time longs' have left this board, I'm sorry to say and IMHO. Anyone with a trader's mentality, or a 'call it how you see it' approach (without flaming anyone), in turn gets flamed. Too bad ...
Why not check me out over onthe ECCI board? You'll make some money too! (How does 61% in one day sound?)
I still own some shares long SLJB. I plan to own between 300-500k SLJB long before the Nov 15th PR. If it goes back to 10 cents, that will be 500k. I am willing to lose $50k or $60k if SLJB goes to zero after a Nov 15th PR - but I don't think it will, my bet is that the PR will be positive and that the SP will move up to 25 or 30 cents after the PR. But heaven forbid and yes, I might just sell it all then and take my profit again ...
GLTY
Opp
jk21, if you really want in, and you really believe in this stock, then I would not give the MMs a chance to mess with me like that, I would just buy at the ask (which can be tough enough). A few 1/2 or 1/4 pennies are not gonna matter If/when I really want in or out on the pinks, and if there is volume, then I'll even use market orders ...
GLTY
Opp
11 is "below 12", isn't it? eom
I'm a realist. The trend is my friend, either up or down. If the SLJB chart looks bad IMO, I'll say so - and when it looks good, I'll say that too. Simple, eh?
The ECCI chart sure looks good today. When I sell out, I'll then buy SLJB again
GLTY
Opp
Maybe for one more day, but it should be back to 11 by Thurs or Fri. But not looking like it's gonna break 10 before the PR ...
JMHO
Opp
Well, I would love that, but not sure why it would. Looks like the company has been losing money consistently for several quarters. The diesel filtering system could certainly help turn red to black, but execution is usually tough for these little guys (sales, marketing, etc).
But as a play on the short position and charts, well, it looks great Add a PR or two and we just might get half way to that $1.00 pps
GLTY!
Opp
MM's now drawing their proverbial line in the sand, 3 on the ask at 0.75 and SIX at 0.9 (!)
Opp
Was posted yesterday here when I asked, just look down the post list ...
Adding only 15,000 isn't a lot TAKI, I have 400k now myself I very much appreciate your posts and help, just wondering why, if you really believe in the upcoming short squeeze, why only buy 15k more?
TIA
Opp
Certainly no reason to sell now, broke thru HOD and the chart says clear sailing to 10-12 cents ...
Guess shorty will still try to suppress the price, but at this stage, why not just take your lumps and get out if you're short? Unless of course you are 'mega-short', then the MMs are really in a world of hurt
GLTA
Opp
Yes, I raised my bid (50k at 0.054), got filled , and it took off ...
Nice, guess the spring IS still tightly coiled
Opp
Well, this seems a little surprising and disappointing too, I must say. Guess that's one way for the MMs to shake people out - squelch the volume Must say I'm a little surprised at this sudden return to obscurity for this stock after such a hot day yesterday. Thought it would have shot upwards today or tanked downwards - but didn't expect this (sideways on no volume). Looks like gunslingers just staring at each other in the street, waiting for the other to make a move ...
Calm before the storm?
I've been sitting on the bid all day at 0.052, no fill yet (even after being 'first in line' for about 45 minutes now - MMs have been feeding at 0.052, of course they will eat before I do ...)
Opp
Not much volume, interesting. Retail not willing to chase (myself included), Shorts in no panic to cover, but I find it strang that they aren't shorting more heavily either. That is what I was suggesting to TAKI yesterday - that the volume yesterday was more "Retail taking profits" rather than "new shorting". I think today's lack of volume seems to confirm that, IMO.
Opinions?
Opp
Anyone buying here? I've tried to get 50 k at 0.54 and 0.55, no luck yet (MMs out-scooped me, as usual). Bid now at 0.56, I may play along and inch it up to 0.57 ...
Opp
I thought it was a fair guess to say that some of my (total 300k now LOL) shares came from Retail buyers from late October at 2 or 3 cents, taking out some of their profits, rather than from MMs selling shorts or naked shorts. But you could be right. Shorty is going to be in a world of hurt if this thing takes off on him, don't know whether to say the MMs are gutsy or stupid ...
Thanks again
Opp
You really think they'd try to short it further? I'd be surprised, the risk is too great even for the MMs, IMHO (a PR isn't even out yet). They'll typically short a stock that is channeling sideways in between spikes upwards (they'll short and then buy back, churning, within these channels), but IMHO, the MMs know when to lick their wounds - they just do that too slowly sometimes, LOL!
JHMO, Thanks for your reply,
Opp
Well TAKI, this was very interesting, LOL. What's up, any idea? Only a short squeeze, or something more ...
TIA
Opp
So far so good , I've been nibbling away at the ask, and have piled up 250k now at an average at of 0.053, my last 30k at 0.056 seems to have pushed us thru the HOD
Opp
Thanks mike and rover (eom)
Time for a little DD , anyone have any links with some info? (O/S shares, financials if they ever report, etc)? The ECCI website looks pretty bare bones ...
Or is everyone here just playing the chart and the shorts?
TIA
Opp