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Just bought 500 shares at .07 with a standing bid in for 1500 at .067. Look at the tape. 1000 shares traded below my bid right after I was filled for 500 at the ask.
Orders are small I realize but it gives you an idea of how the MM's are playing it.
The lack of liquidity in the CT's and preferreds is keeping them at a deep discount imo. The "pros" are trying to shake any retail out and the traders are playing the commons since they have volume.
We need the Lehman debt bond prices to rise again before the MM's are going to remove the choke collar imo.
Yes they did. I'm now holding a decent position in J's thanks to the unbelieveable volume with no price change. And I finally managed to get decent fills on the bid with these today. I wonder how much longer this fire sale is going to last.
Agreed however the MM's (or their computer programs) are the reason liquidity is a problem for the preferreds and the CT's imo. The selective order fills get old day after day.
MM's have screwed around my bid all day which isn't an AON. Won't show me and won't fill me even though its higher than the last 50K shares that have traded.
Nice move SOLM! I have sold a bit over 1/3 of my position after averaging down to .004 and locked in some nice gains this week. Sold most at the ask at an .022 average.
There is strength still and some quiet consolidation would be very bullish imo. I wonder if this quiet sustained rise could be due to some short covering by our friends at T*Y and not just the "news".
GL to all SOLM holders. Looking forward to seeing what SOLM has to left to tell us.
LOL! Very funny Siir. Those glitches and their frequency seem to be very selective to certain stocks for those types of technical issues.
Bid is/was at $3.55. You could have several bids higher than 2.75 and the MM's (or software) just route some trades selectively.
Mega short squeeze in the commons.
True I just find it amusing. Should get interesting when the MM's finally let the trusts run again.
The way this is going now, the commons and the kq's may be trading at the same price by Monday or Tuesday. Somebody slap the ask so hard, the MM's have to print $1.50 at the close please. lol!
Fivestar - Thanks for the invite but no. I have too many irons in the fire right now.
Kitty - I found 8B allocated in the stimulus package for energy efficiency with a first installment allocation this past spring of 780M. Solar panels should be part of that package.
We do need SOLM to update the financials and start speaking in real numbers.
http://www.recovery.gov/?q=content/administration-announces-nearly-8-billion-weatherization-funding-and-energy-efficiency-grant
Oniro I agree. It needs repeating. :)
Big yawn. What's it going to take to get this Lehman train moving again?
Great to see SOLM moving forward again!
From the Feb filing it would appear there were about 320M OS out of the 500M AS. We need an update from the company.
"As of the date hereof, D'Amelio may be deemed to beneficially own an aggregate of 38,744,843 shares of Common Stock, representing approximately 12.6% of the Outstanding Shares(the "D'Amelio Shares"). 32,306,636 of the D'Amelio Shares,
representing approximately 10.5% of the Outstanding Shares,were held directly by D'Amelio for his own account. 4,838,570 of the D'Amelio Shares, representing approximately 1.6% of the Outstanding Shares, were held directly by Jezebel, of which D'Amelio is the sole stockholder. 1,599,637 of the D'Amelio Shares, representing approximately 0.5% of Outstanding Shares, were held directly by JMC, of which D'Amelio is a Managing Director and member."
Gentle bids and I play nice. I am not a whacker by nature. Just a new buyer and looking to see if there's a story.
Good for me I hope. I added some at .0006. Anyone want to sell me some at .0005?
Nice volume so I'm in. Want to see if there is a real story developing here. GL all!
No kidding! On 1000 shares with the bid at .14. After trading 200K just a couple of days ago. Jeez..what will it take to make them stop this krapola. Higher bids or offers don't make any difference. At least not yet anyway.
This board is far too quiet.
I hope they hold for dollars not pennies!
Yes there's slappage but who's selling 100K shares at .24 or why?
Kitty - thanks for the reply.
Your second paragraph addressed my subtext. : ) I thought there might be something at least partially comparable though I realize every situation is unique.
Have a good weekend.
Kitty
Wouldn't a licensing deal in this case have to include a substantial upfront fee payment? Seems unlikely that SOLM's legal team would allow them to settle this for peanuts and a promise, since TOY doesn't have to actually use the technology.
Are there any comparable infringement settlement cases to compare with this one?
jjr19 - Legal proceedings are not my area of expertise. Fivestar or Kitty probably have more insight about those matters. SOLM is walking the tightrope.
Still a very speculative play here and I'm holding my shares for the ruling and any other news from the company. Selling seems to have dried up completely so IF there is good news, then there's some significant upside imo.
Not halted. Just no sellers and tentative buyers. NITE is baiting.
We're getting screwed by the MM's. Anybody got any fight in 'em? I'm going to get very aggressive with buys soon if this crap doesn't stop.
Look's like SOLM's still breathing.
LOL! Personally I saw the piece as a satirical stab against the GS "best bonuses in history" news during a time of historical bank failures, not so much as a stab against Lehman. I think the irony of using bankrupt Lehman for the satire, Paulson and GS facilitated its downfall, was purposeful. Hilariously done.
lol! Point taken but then how would I know where to add bargain shares if I didn't look at the bid and ask on the different C/T's occasionally? It's easier for me to get fills at the ask than at the bid or between.
My main frustration is when I know I've had an order in and it wasn't executed though someone else got shares below my bid.
Anyone besides me tired of these seesaw trades between the MM's wide bid and ask? I find it hard to believe there aren't bids between .13 and .18.
Thanks Coach. Bonds "slowly" moving up being the key word while the C/T's are quickly halved or held low each day. : )
Coach - is the news helping LEH bond pricing though. C/T's are stuck at the low end of this range. None of the parlay bulls want to buy the current ask prices for the C/T's even though they are half what they were a couple of months ago. Guess everyone has enough shares or they are frozen with sudden doubt.
LEHFQ is now trading only .04 cheaper than LEHKQ.
Anyone know where the senior debt bonds are trading currently?
Wow 585 shares @ .0021? What a big seller we have there.
I've not received any forms from TDAmeritrade. I hold KQ NQ LHHMQ's and pinch of PQ's currently. If anyone else from TDA has recieved them, let me know.
Maybe because they don't sell many of them. LOL!
You still here watching to see if SOLM management can pull a rabbit out of their hat? Congratulations on the recent run in that other stock you play big btw.
Good for you.
The "walkdown" for LEHFQ was on a 10K trade at .01 after 67K trade at .02 - .025. Then the 235K trade hit at .005. I don't disagree it was walked down though I still say it was to advantage an AON order buyer somehow. Wonder if others had GTC bids in that were "skipped" over. I did not so I can't say.
Not to mention the "quick" recovery to .03. That's a 600% gain for some lucky ...
Anyone have a spare $2600 to buy this report from December of last year? At least SOLM is mentioned in it. Click on companies mentioned.
http://www.darnell.com/store/product_info.php?cPath=2_24_40&products_id=82