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If you were, you'd get million dollar bonuses for losing billions.
While you can never go wrong selling for a profit, you gotta consider the timing. Selling now may not be the best move. If you want to lock in some profits in case of further downtrend, you might consider taking some off the table, but taking off all at this point does not seem the best move considering....
I'm doing fine. My hold stash is under water 50%. My trading stash has made me 20% so far. Only way to play pinkies and keep up with the MMs movements. Best I can do is minimize losses and stay as close to even as possible until one of those monster moves come along at which time I will take monster profits.
Only if the buys are enough to soak up all the ask. The sells at .105 can be interpreted as peons breaking the line to sell fearing they won't be able to get out at .11.
After all the ponzi schemes and scandals being found out over the course of this financial crisis, I find it easy to believe that there is collusion everywhere. These MMs that are supposed to be in competition with each other more likely work together on small issues typically traded on pinks and otc. Throw the fund 'investors' that lend to these pinkies under exorbinant toxic terms into the mix (yes, they likely are very close to corrupt MMs) and you realize that when you make money on pinkies, its probably due to dumb luck and not your sense that you invested wisely, even if this be the case.
The thing about shrinking volume and very small PPS movement is that eventually, its gonna explode. The longer it stays like this, the more violent its gonna be on any news. Why? Cause MMs will have covered their shorts (hopefully) and even accumulated letting the PPS go where it should have gone last week. In the meantime, this is gonna be one boring ass stock to watch.
MMs got the PPS where they want it -- they've beat down the retail investor's enthusiasm. Now it'll just bounce in a tight range as they cover their short positions. Hopefully, our enthusiasm is still there cause once they're done covering, we can go either way depending on which way they see least resistance.
Wow, like fireflies to the light, we all gathered hoping for something good to happen. Heck, I'll be happy to get the value of my money back at .0001 at this point. Unfortunately, I think I will not be one of the lucky ones to make it through the wormhole before it collapses.
Sure looks like we're going to another step or two down lower tomororw judging from today's chart. I think I'll put a buy order in at .105. See if I get lucky.
Yup. As for myself, I believe ACTC's IP is very valuable, but will take time to monetize. The speed at which this happens should only accelerate with the new people in charge.
I'm guessing the PPS gets to $1.00 by yearend.
You have a more fundamental problem -- that is, trying to value a pinky.
like this?
yeah, that's what I meant. Typical toxic pink financing.
Someone with convertible preferreds NSSing knowing that they can convert their preferreds to cover and then ride it up. Stupid rich bastards in this country made it so that NSSing is legal under the guise of keeping markets liquid. Just like it was revealed in Cramer's video that all kinds of BS goes on in the backroom.
Looks like MMs are covering here at .12-.125. I think they will build on their successful momentum kill and take it down on Monday another tick to .115 to .12. Maybe even .11 to .115. Volume is back to the most recent pre pop level.
You guys all watch The Daily Show yesterday? I hope that everyone watching makes a big deal of the ease of manipulation by hedge funds and crooked MMs and that government regulates the shit out of them.
The faster the MMs cover, the sooner we go up. I think they wanted to pile drive it into the single digits by selling short at .11 before the Obama EO. Hopefully, they just want to cover at .11 and then let it pop OR really really really good news forces the MMs to eat huge losses. That would be wonderful.
MMs are crooks. They've dug such a deep hole trying to keep this capped....we will be here longer than I thought originally. Either great news comes and forces the stick up MMs bunghole or a drawn out period of shakes until they've got their fill.
A possible good case:
Some of the previously issued convertible debt is owned by an investor in cahoots with the MM. MM will cover their massive short position with these convertibles and then let the price explode to an honest level.
Plan to be stood up. lol.
They have a pool of shares they keep on hand to keep the market liquid. And they also short sell. I am sure they also engage in NSS.
Anyway, so lets say ask is .15 and bid is .14. They can feed the .14 using their reserves/short selling/NSS until it drops. Retail investors see the bid dropping and drop their ask. MMs keep doing this to drive the PPS lower to their cover target. Then once they've changed the retail investor sentiment from bullish to hold, they cover their shares. So long as they (MMs) don't see a big bull wanting to buy a big block of shares at the true ask, the can continue this game. If not, they have to let the run happen and wait for the momentum to wane before playing their games again.
Its obvious to me MMs in the middle of a big short when Obama EO news hit. They killed it quick. The speed with which they killed the momentum helped them today since it made many investors on the sideline tentative in their decision to buy.
MMs won't let this run unless they have covered their positions AND accumulated enough shares to make big profits. So let them accumulate here at .11-.13. Sooner they do it the better. Too bad it will come at the expense of unseasoned/nervous/stressed shareholders.
The whole stock market is gamed in the short term. If you're not a trader, just stick with longer term expectations. Of course, always be aware of new info because it may change your expectations.
ACTC one of the few SC stocks that are positive today. Gern keeps getting hammered by negative news.
Is The Street employing Cramer's admitted manipulation of the market to drive share prices down so they can pick up on the cheap? I think so.
Looks like the MMs sold too many shares at .11 and need to get them back. We won't lift off until they are done recovering their shares. Idiot MM made stupid move betting against ACTC and now we all have to suffer.
I'm still up so no crap for me.
All the anticipation of a huge run over the weekend was apparently self-defeating. Big money is smart money and they would not have chased it up. Now that PPS is settling back down, big money will start to accumulate slowly. Hope a PR comes out sooner than later forcing big money to make their moves faster.
So you didnt buy and you are bashing....
Well, that's what you get for buying today instead of Friday like I did. I understand you feel bad about your bad timing, but don't take it out on me.
its up 30%. you're strange.
up on strong volume forebodes further price appreciation.
I'm betting ACT puts out a PR soon about additional funding.
Even if it is years later, Samndy will not be able to generate interest for anyone currently holding to want to continue holding. We are all stuck in a dungeon with one way out and that way out is one that blinks on and off with ever increasing time between.
From the same article:
Dr. Robert Lanza, chief scientific officer of the beleaguered Worcester stem cell company Advanced Cell Technology, said ever since Obama was elected, it has been easier to raise money, and predicted that a reversal of the restrictions would help research outside academia, too.
Isn't there a lot of shares on the ask at .0001? Are you saying these NSSers are hoping to cover under this?
Anyone know what's being talked about at the health conference right now?
Is it confirmed that there are still NSS that are active?
LOL. Good to see you in good spirits.
Hi guys. So what's cooking? Sanmai gonna give me back my shirt?
Have you guys seen this thread on Yahoo MB?
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_A/threadview?m=tm&bn=44143&tid=74004&mid=74004&tof=6&frt=2
Nice pope coming...
What's new?
Have you read this article? Nice....
http://mtbeurope.info/news/2009/902042.htm
Seems like the pressure is building again. This time, it pops to ???
Not sure if you've all seen this
http://www.reuters.com/article/domesticNews/idUSTRE51E12220090215