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Almost feel sorry for him... (evil grin) ;)
Good Morning Californicator... Wow, I was away for the weekend and missed all the action Fri. and this morning. Did get partial fill on a GTC this morning, so I didn't miss out on the fun completely ;)
You too my friend
Couldn't have said it better Steve! Game looks to be about over.
I'm out ...time to get me a beer and jump on the tractor ;)
Cheers All!
Oh Yea Brotha!! Time to go get beerdup and turn up the music! (big ole grin)
Have a great holiday weekend!
This link tells the story. Just change the date and go back a few days. As much as 70% of daily volume has been short selling.
http://regsho.finra.org/FORFshvol20100527.txt
Most extreme case of "Bear Raid" I've seen in a while!!
Good Luck to you on those .007s ...I'll be buying there with you if they try crushing this that low!!! However, I'm betting against it!
Cheers!
Investors Hub has an inexpensive service you can try. "Non-compliant" ...I see you
Difference now Atlanta... JSUP is virtually alone in this range on the ask. I'm betting SWRS will find support here and begin moving north.
I don't blame you for worrying... Especially if you've been watching L2 for the last few days!!
Make the most of your day! Try not to worry... Life is way too precious my friend.
thanks TSUNAMI ...I plan to add all day before the long weekend. Appreciate the concern; but I'm not worried at all about this morning's .01s. I'm ready again at .008 if they try to take it lower today!
Morning!! Get you any of those .01s? They gave me a few!
I'm ready! Let's spank that Jive Turkey Brotha'!!!
Thanks Californicator for the insight here. Good to hear your take on the MM work-over. I expect ole JSUP to try smackin' it down to .01 or below at least one more time. ...also expect that to be the last ditch effort to create a panic sell-off ...that fails! Maybe tomorrow before the long weekend??
I'm ready to compete for more shares there with you ;)
Cheers!
ole JSUP has been much less aggressive today with the selling. They have the power to kill any buying interest by simply staying on low ask. If they're short, they've done a great job destroying momentum; if they're selling for someone, they ought to be fired!!
20 day MA @ .0462 that's 355% from .013. That should be first major resistance if reversal begins. ...then .055 and we're off.
This is deep oversold!
That's why I'm staying in. It'll catch everyone off guard when it does!!
Market maker for Jesup & Lamont Securities Corp.
JSUP backed off for a few minutes!
sure hope so! ...what's happened here is criminal! nearly 70% of daily volume short over the last couple days!!! ...that's absolutely insane.
Yep, this can really move when conditions are right!
It'll take more than a small bounce or some bid support to stop JSUP. SWRS needs sustained buying volume to reverse this trend!
It'll be glorious for those ready!!
Most buys were short sales... That explains the movement. Any buying pressure was absorbed quickly!
Today's Short Volume was 65.6% of Total Volume!!
Date|Symbol|ShortVolume|TotalVolume|Market
20100525|SWRS|3807421|5789245|O
This stock is literally being crushed by short sellers!! Should be criminal! Doesn't look like they have any plan to let up! Crazy!!!
hmmm.... pen name for the company's blogger I suppose.
Anyone notice the Southwest Resources website blog section today? Very interesting indeed!
http://www.southwest-resources.com/page16/page16.html
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Why would you even make reference to John Maynard Keynes on this matter?, the fact that you would certainly does further cause me to question your motives and logic.
However, I think a more suitable person to quote in this instance is Cornelius Vanderbilt.
“He who sells what isn’t hisn, must buy it back or go to prison”, when referring to a group of New York State legislators who shorted his subway stock in the mid 1860’s, go look up the story, its fascinating.
And,
“Gentlemen, you have undertaken to cheat me. I won't sue you, for the law is too slow. I'll ruin you.”
Francisco d'Anconia
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Gold’s transcendent value
Gold prices reached an all time high today at $1,249 per ounce on the COMEX exchange. This was in due in large part to the fear of further financial erosion in the European markets led by the debt crisis in Greece. This concern has led many investors to seek safety in the form of holding value in forms other than their own currencies.
Although gold has always been a safe haven in times of inflation, uncertainty, or crisis, this recent run-up is unique. What distinguishes this increase is that other currencies typically serve as an alternate store of value in times of uncertainty much the same as gold does. However, this time there is a greater reliance upon gold because only a year ago, the Euro was viewed as a good alternative to the dollar. Now the sophisticated investor looks around and says, “where do I go from here?”
Gold represents a store of value a government cannot inflate or create more of simply based on a promise to pay in the future. It is a form of scarcity and cannot be corrupted or diluted by a politician trying to give away something that he does not own. Simply put, it transcends politics and is what it is - real and scarce.
Sincerely,
Francisco d'Anconia
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
The first blog must be in reference to this PSC article:
http://pennystockchaser.com/2010/05/17/swrs-%E2%80%93-what-in-the-hell-happened-here-john-maynard-keynes-will-be-channelled-to-guide-us/
that's the most aggressive I've seen JSUP as a seller on L2. no support on the chart now ...think that was that the goal?
If this is being shorted through Jesup & Lamont Securities, the company should contact them and demand proof of shares to back the short position. If they take no action, we'll know it's the company selling in competition with shorts. Talk about a falling knife!! It'll take a while to establish an attractive buying level now.
Hard to say when shorts will cover ...goal was to break through .02 support. Volume at low levels is needed to cover profitably. Generally breaking through a support level creates some capitulation and panic selling. I think the 100K blocks going through at .0195 yesterday was some covering starting.
It's apparent the culprits are willing to short as needed to squelch buying and give the illusion of massive dilution here. ...sad!
Just don't get caught on the wrong side of this game ...accumulate only when they cover. Shorts play the "short at resistance, cover at support" game very well!!
Volatility in SWRS is wonderful ...for both sides!
Yep 69.8% of volume today was short!!! This has turned into a gravy train for short sellers ...keep spouting the Dennis McLaughlin ties and dilution (without evidence of course), while shorting it into the ground!!
http://regsho.finra.org/FORFshvol20100524.txt
Date|Symbol|ShortVolume|TotalVolume|Market|ShortPercentage
20100524|SWRS|2498559|3580502|O|69.8%
Wake up folks!
Probably so... However, chart looks like a bounce in store soon! If this level holds, we should see some movement purely off techs. Especially if we break and hold above the 20 day MA at a nickel. Any run will see some resistance there!
Good Luck All!
Turn coming ...I can feel it! ...well, maybe that's just chiggers from my brush clearin' this weekend ;) ...either way I feel somethin';)
NITE only had 5000 shares left on the ask at .0225. They're just testing the water.
That was my partial fill that knocked them off!
MMs doing what they do... walking this down on low volume to fill orders. Right now buying interest is at .02
Unfortunately, JSUP back on the ask this morning sent buyers packing.
Stay strong here ...watch JSUPs tricks! They may try a little bid whacking to kill the momentum.
Anyone watching all day knows they're a buyer now!
JSUP looks to be a joke! But I have to protect myself by never under-estimating my opponent!
I wonder if someone was shorting against those cancelled shares PSC mentioned this morning? That'd be great! Cover! Cover!
Yep ...they're really in deep!
Resistance levels are always relevant. Any good short seller uses those levels to manipulate and create volume during a covering campaign. You just have to be careful not to fall into the trap!
Very close to that nickel we talked about yesterday ...once it crosses the 20 day MA at .052, we are off! Could see a little resistance at that level!?
Thanks! Tripled up around .02 ...last night I wasn't so sure it was a good call! Turned out pretty well after all ;)