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MM manipulation; walking it down on small sells. When the float is small (available shares on the market to sell) then the stock will move very easily in either direction; up or down.
Combine this with that many people are holding large amounts of shares and will continue holding; and the fact that the float is small (A/S 800m, O/S 650m) and things start to make sense.
Without momentum you can't push the MM's out of the way to force the stock up. So instead they trade amongst themselves sending small trades at the bid to drag down the price to a more attractive level for them to load up on.
They could also be shorting but I doubt it. With a tight float it would be a bit dangerous.
On a positive note; anyone else notice that heavy buying in the last 10 minutes of the day? :)
edited: nevermind; apparently I imagined an extra 0 at the end of those purchases I saw on the L2.. long day I guess. LOL
Gap up tomorrow, small purchase after hours; form T. Good sign I take it?
I'm just putting info out there. If people believe me or not is no concern to me. Maybe Zero seemed excited; I guess my qualm with these posts calling him out is that ANYONE can be wrong at any given time when the information that is out there tells them otherwise.
I didn't follow his posts too closely so I'll just stop with this post. Sorry you got burned; a good way to recoupe money while a stock is going down is to sell at the highs and rebuy at the dips. It may feel like you're losing money but eventually you even out that way because of the volatility swing during the day. Unfortunatley that was not possible yesterday or today; which is a good sign actually.
If he wants to blame you then he would half to blame the majority of the board. Most of us were reading the chart the same way and a few of us even gave warning that AVTI might have been out of steam and going into correction mode.
Some people have selective reading ;)
I agree, things don't always go up and sometimes things happen that are contradictory to what DD says should happen. Several times I saw MM manipulation where the technicals would've ended in a bullish position had they not walked it down in the last hour of the day.
After a few days of this happening current holders started to get cold feet and begain dumping; which is exactly what the MM's wanted in order to get cheaper shares.
No one is right 100% of the time and taking your money elsewhere to recoupe losses is not a big deal.
Besides; people should be making decisions for themselves... not following your opinion, my opinion or anyone elses opinion other than their own. Let people be mad; not your problem IMO <shrug>
Ask is thin... UT on 20k slaps.. woooooooooo
As much as I like loading at these low prices.. the walk down is annoying for something that's supposed to be popping.. oh well; tomorrow will come and hopefully we all have another green day :)
looks like someone needs to inform these sellers that power hour is supposed to move forward.. not in reverse.. lol; just more opportunity for me to buy more :)
slappity slap slap
He didn't say when it was bought; but here's the post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52839161&txt2find=cory|direction
I'll search through this board after market close and see if I can find it. It was sometime last week I believe.
UT on ask.. looks like power hour might start a little early today :)... can't say I'm complaining. haha :)
The company was bought and new direction taken. Someone here posted the date that the company was bought and new line of business started.
momo... weeeeeeeeeeeeeeeeeeeee
charts aren't DD, talking to the CEO isn't DD.. finding the plants in Mexico and their output capacity isn't DD, verifying the name isn't a typo isn't DD.
I'm not having this conversation with you. For some people nothing is enough proof.. and for those people; you should go to mid cap/large cap.
UT on some decent sized buys. :) L2's looking like some momo is about to start.. .02 here we come :)
Well said; people are arguing semantics. If this stock was being heavily diluted and buyers being fleeced I would agree... but this isn't the case and you can find the PR under either spelling.
Not to mention you can call them :). Not sure why people are speculating instead of doing DD to put their mind at ease :).
I loaded up earlier. Someone sold 1.5m shares earlier at .0008 and apparently I was the one lucky enough to gobble them up :).
That sounds like great news. Let's hope things do change. I've learned to dance around MM's and manipulation but hopefully this would balance things between buyers and MM.
In case anyone is interested, I believe something will be happening between 11:30-11:50 or so. Price will either pop up 1-2 ticks or down; not sure which but a shift from the sideways movement should be occurring soon.
Just thought I'd put that out there. You can see this for yourself on the technicals on the 5 min chart. Although they don't necessary mean much when trading is this flat.
Thank you, Much appreciated.
Can someone post an L2 please? My remote desktop is still busted so I can't view my L2's.
Thanks!
I'll be snoozing the next few days; I don't anticipate much upward movement until we hit .0008 or .0006. I'm holding a pretty decent chunk and will remain holding.
Just going to place more of my attention elsewhere until AVTI starts seeing some action. I'll chime in now and then. :)
I agree the retracement is pretty bad, but I've been selling on the highs and rebuying at the dips. I've remade any loss I've had and then some. This is usually the hardest part in trying to make money in a stock as it's going down... or to at least stay even and get in at absolute bottom when a company is about to take off.
Hard work pays off.
Really? Because I can name several Companies in the plural
"Mulligans"
"Pot Bellies"
"PayLess Shoe Stores"
The company can remain singular while having a plural name. You're arguing semantics.
I will be doing far more than kissing that penny.. lol j/k :)
Happy days will be here soon enough for us all :)
hope you had good and relaxing vacation :).
I'm glad you were able to make some use of our posts.. Just remember always follow what you're comfortable with. If you do this then you will rarely be upset with your purchase. Believe in yourself and no one else :).
Good luck and make money!! :)
Did I say anyone else was wrong? I've said multiple times, and I'm sure people here who have been paying attention can confirm it. I listen to no one but myself... I get in and out when I want.. I buy when I want. I make my decisions based on what I think and I tell EVERYONE to do the same (meaning they should listen to no one but themselves).
I am good at charts whether you agree or not and your opinion is not important to me, charts do not always work out but they work out a lot more often than playing off speculation or chasing after momentum only to catch up to it when it's on the downtrend. Also the chart analysis is for people who request it. I don't annotate charts because I like looking at lines. I can look at a chart and do the analysis in my head; the chart is as a favor for people who ask or for the message board as a whole.
You want to bash me some more? Bring it. The only person doing this is you and Dante... same person? The only one who has a problem here is you two; seems others know that the market is not black and white.. there's a lot of grey also.
Please, since you're so awesome... show us some of your superior skill here :P
just filled at the ask and L2 went switched to 2@bid and 1@ask.. maybe some momo trying to start?
And also, you'll see I did exactly what I recommend people here do. If they don't have the stomach for a particular stock.. take your chips and move on elsewhere. You can make money in multiple places.
I sold everything but a small position, just incase it recovered to recoupe my losses. Anyone else want to chime in? Hell, I'll link you to my posts over there if it would make people happy. :P
Isn't AVTI based out of Delaware despite the address listing on brokerage sites?
What I'm saying is that you're pretty much ignorant and are making "angry" posts that honestly make you look pretty dumb. JMHO, like it or hate it.. I don't care; but I'm sure many people's perception of you is the same.
Learn charts, learn the market.. get over yourself.. make money. Have a good day.
I'm a chart/technical kind of guy; if I'm going just by the technicals then I would expect to see a decline for quite some time. I can tell you were supports are at, but with the widening of MACD and TRIX on the daily charts as well as the MACD volume continually getting slightly larger in the negative range.. it's hard to tell when this will bounce. Especially in anticipation of hopefully getting news between 8/30-9-15... this stock may very well run flat until that time or until a PR is put out to breathe some life back into it.
Of course with that said.. a single good day can cause TRIX and MACD to reverse and start another uptrend. The float is pretty tight on this stock and moves pretty easy in either direction.
For now I'm averaging down and holding. I'm not too concerned but would like to have my analysis as of today and the technicals on the charts to be proven wrong.
btw, charts predicted a further decline and so did I on thursday when I said that Friday needed to confirm thursday's candle in order for there to be a reversal; otherwise this stock would see lower. Sure enough it did not confirm reversal and it did go lower :P
Seems like you have selective reading :P
You don't even know me or how I invest or what my profits for the year are. Fact is I provide evidence for what I believe; check any of my posts that contain annotated charts.
You came in here, made a baseless claim that you can't back up and there is no record of this stock being promoted. Charts are based on what everyone is doing in the market; it is a direct window into what people are thinking about the stock and admittingly now people don't think much about AVTI... go look at the charts today and then go look at the charts the day before it hit about 4 days before it hit .0038; if you have any clue on how to read charts it should be obvious on why this went up before it crashed.
And like everything.. things can't go up forever. If they did we'd all be rich.
You have no basis for what you're saying other than the fact that you're probably angry over losing money from buying in at the high and not selling or taking profits when you had the chance. Good job!
Spoken like a person who truly doesn't understand charts... spoken like a person who doesn't take profits along the way and buy on the dips. ;)
Can someone post the current L2? Thank you.