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Answer: .002 share price (apparently)
Question: "What is his motivation to stop printing shares?"
Which begs the next question:
How many more fluff PR's does this guy have up his sleeve that will pump up the PPS .0002?
Cleverly put, when the PPS hits .002, he stops printing shares and starts printing PR's.
Sad.
I'm out from .0028. Not liking this one bit.
No regrets.
From watching the L2 for this sucker for the past 2 months.
Observation.
See that? 25M shares late print at 16:02.
Every time we see those 25M shares go, the PPS usually moves up right afterward. My guess is tomorrow will be an up day since that occured right at the end of the day.
True, not all manipulation is MM manipulation.
However, in this case (and in many cases I've seen with NVMG) if MM's don't show my AON orders on the L2, and they take actions to move the ASK up IMMEDIATELY based on a retail AON order like mine, then it can't be a retail reaction to my order, because retail *never saw* my order get posted to begin with. The only ones that saw my AON order were MM's on L3. And FWIW, in the last 10 mins, I moved my AON order to hit the ASK at .0035, and they still didn't fill it, and didn't show it on the bid.
MM games.
Period.
Bottom line, any perceived selling pressure on NVMG at these levels is probably more bogus than real.
It just shows me that UBSS's ask at .0033 was one of those bogus tester ASKS. You know, the kind where you try to buy at the ask, and they give you 5000 shares, and move the ask up, and take your commission and never give you a real fill.
A move like that also shows that it's purely the MM on the ASK, and not a retail order, because no retail seller who wanted to sell a real quantity of shares would yank the ASK up at the first tiny sign of buying pressure. So it definitely verifies MM games.
That move I did ended up causing someone to get excited and pay .0034 for some shares a mere seconds later from CLYP. Needless to say, it's a way to make the game playing MM's move the ASK up without paying commission, rather than all of us sitting there watching the MM's try to psyche people out into selling their shares for dirt by artifically lowering the ask on $20 orders, making it seem like people really wanted out.
At this point, the best buying pressure we're going to see is going to come when we start seeing some upward PPS movement. Also, the last thing I want to see is the PPS move upward fast on low volume with news. I'd rather see the PPS slowly move up every day before the great news hits, and calling the MM's out on their games just might be one way to achieve that.
And yeah, I know AON orders are tough fills in pennyland. My point is, they can have specific value if used right. I didn't really want the fill (much less a partial fill), since I already bought plenty this week, and will continue to buy more next week from fools that like to sell for dirt.
Fun and games. READ THIS.
So UBSS was sitting at .0033 on the ask. and the next MM was at .0038.
The top bid at the time was .003.
I put in an AON order for 20K at .0033, ($66) just to see what would happen.
#1, my MM won't show the bid at .0033.
#2, UBSS immediately backed off to .0035, and CLYP jumped in front of him at .0034.
#3 CLYP also jumped up to the top of the BID to .0031 at the same moment.
GAMES? I'd say so.
and my order didn't fill.... So then, I changed the order to .0031 (AON) to match CLYP on the bid. And AGAIN, the MM won't show my bid, and I haven't been filled yet.
More games? I'd say so.
Guys, it would appear to me that AON orders at the ASK make the MM's move the ASK up and freaks them out.
Try it yourselves, see what happens. Goes to show, we can mess with them too.
Perfect 38% bullish retrace, bidwhacking has pretty much ceased.
Needed to consolidate exactly where it is, bollies tightening.
Planner5, I completely disagree, and expect to see a nice move real soon.
We've already traded more than 1/2 of the 10d avg volume and it's not even 10am yet! Go BANY!
Exactly lowman, I should have qualified that further with that point. This thing has 1/5th the float of BANY. With any real volume, NVMG will explode.
I'll just keep adding if it's going to keep creeping down like this, like I did today at .0027. Float seems so tight, with the right news, I would imagine a bigger run than last time. It's seems really ridiculous how oversold this is. PPS pretty much just like BANY became, and look where that is today.
Bring it on!
"added to UWNK..."
Roger that, ditto.
OK, I just picked up 100K more at .0029.
Right before I got filled (7 secs before me) an order went through for 90K shares. I was the only one on the BID at .0029.
Who got those 90K shares? The MM? (SBSH?)
I think the MM's are stocking up... that's my guess.
Unless someone here takes ownership for the 90K.
Short position wonderment...
Here's my guess on that, and why it might have relevance here.
In order to close out your short position and eliminate stock borrowing fees, you have to buy your shares back. In order to buy your shares back on the open market, you need willing sellers, and you need a market that is both liquid and NOT temporarily halted.
Otherwise, your short position is still open, and you're still being charged the interest/fees on the original borrowed shares.
My understanding of the only other way out of the short position is to have the stock completely delisted and permanently no longer trading.
I'm curious.... if there's a Canada-based broker that allows shorting of a stock, and that stock is temporarily halted only in Canada but continues to trade in the US, then are those traders with short positions prevented from covering until the halt is lifted? It would seem to me that the only way around that situation would be to hedge by having another account in the US with an equal sized long position.... just in case the stock goes up while it continues to be halted in Canada. Makes me think this limbo state that SLJB is already in might be cause for some serious panic on *both* sides... short and long.
Might explain the sudden rise of bashing posts from suspected shorters recently.
Finally, my last thought on this is that there is no question that the "legitimate short list" is totally worthless, and never reveals the true short position (naked or otherwise) many might have on any stock. The reason being is that just as there are many longs that would like to believe this stock is coming back, there *HAS* to be a decent number of folk that think a short position would be wise at this time. After all, anyone who believes this stock is a complete scam would be a *fool* not to short it if they could. And with certain known brokerages, yes, it's possible to borrow SLJB shares to short.
Oh, the wonderment.
LOL, the best thing about this basher/short situation on SLJB is it keeps them occupied and distracted from posting about other stocks.
Why is it that nobody wants to see the same movie played over and over again?
There's nothing anyone can say here that hasn't already been said 1000 times.
Diversionary tactic.... <yawn>
No complaints about anonymity. It's the name of the game here. Give it up.
<YAWN>
Nighty nite.
Hahahah... JS says....
"Perhaps what seems "obvious" to you doesn't always have any connection to reality. Did it seem "obvious" to you that SLJB was a for-sure winner?"
NO, Janice. It was never "obvious" that SLJB was a for-sure winner. And there's not a post I have ever made that has ever implied that. It's called speculation. Perhaps you've heard of it.
And what my real name is has nothing to do with anything.
Nice try.
JS continues to waste our time with...
"Obviously I'm interested in seeing how the story plays out."
I was one of the people who was right about this company. Why are you attacking me?"
WELL.... now, isn't that special.
People who are [merely] interested in how the story plays out can sit back and watch how the story plays out.
You would have us believe that you are right. You're already soooo sure that you're right. If you're that sure, then there would be no need to post 50 times a day saying how right you are.
There is no question in our mind that you're not just here posting all night long, 50 times a day, because you're simply "interested in how the story plays out." We're *all* interested in how the story plays out. You can read it in the paper on Tuesday in 5 minutes or less. There's no question that you're ONLY interested in *HAVING AN INFLUENCE in how this plays out*. THAT'S what's obvious to me. My my my, what a *huge* short position you and your pals must have.
Sorry, but you can't have it both ways.
You're not here to save anyone, because that's always a crock.
You're not here posting 50 times a day because you don't have anything to gain from it.
There is nothing in your posts or in your obvious intentions that maintains a shred of nobility, any more than excessive pumping exhibits nobility.
Being a good stock trader requires significant time and effort. Many hours need to be spent doing DD, reading charts, looking for good plays, research.... etc..... There is no professional stock trader that will tell you that you don't have to do your homework to be good, and there's no pro that will suggest that your time is best spent posting hour after hour on a message board on a stock that you don't have a position in.
If you want to insist that you are a good stock trader, and that people should take your advice, then we can only surmise that you are really great at shorting stocks, because it couldn't be more obvious that you spend day and night doing your "homework," which is finding new ways to bash SLJB ad infinitum.
If you want to pretend that you're just spending all your time here for the good of all mankind, then you are just as big a con artist as what you claim the SLJB management to be.
I would defend such narcissistic behavior here no more than I would defend SLJB management against the stated allegations.
It's that simple. Nothing personal... No attacking....
Just an observation of what's OBVIOUS to me.
I call them like I see them.
Bring some real, ACCURATE DD to the table about this situation, show some restraint in your posts and in the number of them, and maybe you'll find the level of respect you would like to believe you deserve.
Finally, in this country, people are innocent until proven guilty. We have a justice system that I must believe in. The people in the justice system are professionals. I don't always agree with them, the decisions they ultimately may make, or the related outcome.... But they will always garner more respect in the legal world than someone with an obvious obsession/special interest in spending all day and night posting virtually anonymously on a message board.
I think the 25MM order actually causes the PPS artifically to go down. After every time we've seen that order go through, the PPS has ALWAYS gone back up, to the best of my knowledge. This time, I'm loading up. Let's go BANY!
Always laughable that some people who claim to have decided to come to terms with their mistakes, sell their position, and claim to have moved on... but continue to waste time and effort revisiting their mistakes. Such behavior couldn't be more contradictory to the implied intention of "moving on." Furthermore, any truly professional trader will tell you that any time wasted looking back at past mistakes takes valuable time away from research on your current and future trades/investments.
Jannie, your need for emotional satisfaction now comes at the expense of other current shareholders. Selfish at best. Thanks. Perhaps if you learned to take emotion out of your trading to begin with, you'd make the progress you claim to seek. Instead, and in the meantime, I choose to take your comments here, as well as of others who post in kind, with the hugest grain of salt--they being merely the unprofessional emotional ramblings of folk who have yet to learn the value of emotionless trading and time/effort/money management.
I would ask that you please be sure that the *results* of any aggression you may continue to hold toward SLJB at this time is 100% directed toward the responsible *principals* of SLJB, of which we as retail shareholders are quite notably not. Whining on a message board about how your trades didn't meet your expectations serves *nobody.* Furthermore, I suggest that you kindly join the many who have already taken true personal responsibility for past trading/investment decisions, pack your ego in your suitcase, and learn from it by *really* moving on.
For now, I continue to hold SLJB. My decisions to hold are NOT because I'm emotionally involved with the trade, but rather the idea that current risk/reward ratio works for me. And when I decide to sell SLJB shares, everyone here can rest assured that my time and effort is far more valuable than to waste many hours posting on a message board about a pennystock trade that may or may not have worked out to my expectations.
A tip of the hat to the great post by 12ring.
-m0m0mey0
Welcome amigo. This sucker does move quite well with any buying pressure. Until the last 2 weeks, it held its PPS for many weeks. This selling pressure lately is nothing but a tax-selloff, IMO. There's been no other reason for the recent selling, and I think it's pretty stupid in light of the low float, no dilution, clean financing, forward-looking events, and general mojo.
I'm holding a decent pile of this sucker for a much higher PPS, and I believe I know a good thing when I see it. Plenty of DD been done on this board, start digging.
I think you made the right choice. Don't be put off by the lack of posts on the board. It's been a shhhhhhhh-tock for a while.
No way anyone's getting any of my shares here.
If I had more powder, I'd be buying a boatload more to add to tbe boatload I already have.
A little patience and I'm sure we'll all be quite happy soon.
I don't know of very many stocks I've ever seen CLYP at the top of the BID. That has to mean something to the smart folk out there.
Short covering if you ask me.
Ask yourself why they're so eager to cover here, and you'll know where the deal is.
someone needs to paint the close .004 now.
CLYP on the bid, that's new....
There's that same 25M shares dumped at the bid again.
"The question I have though is how does someone know which MM a pinkie CEO dilutes through in the first place? VFIN is suspicious for sure since their activity has suddenly ramped up quite a bit, but how does one know who they really represent?"
Well for one thing, the 21M is certainly a nice round number.
Secondly, other posters here on the board have mentioned specifically talking with Larry, who supposedly admitted having VFIN selling on his behalf.
Third, I could not find a post here where anyone said that VFIN was on the bid at any time.
No question in my mind who VFIN represents.
Only question now is, why is VFIN selling HERE? At "support" around .006?
Serious reservations about this situation... VFIN.
Yes, I have a long position. No, it's not huge....
But I did some research on EQBM yesterday, regarding monthly MM transaction counts over the past year.
I don't have the #'s in front of me at the present moment, so keep in mind, I'm going from last night's memory. It appears that there is no question that VFIN is selling shares for the company. VFIN has sold 21M shares this year so far (not including the past month). I compared the months and dates people mentioned VFIN in past posts with the occurances on the charts, to try to get a sense as to exactly when VFIN was doing all of the selling.
Here's my concern. In the past, VFIN sold when there is significant buying pressure. VFIN sold into runs. I don't get the sense that VFIN accumulated any shares this year, but rather, only sold. Often in the past, VFIN let stocks run, and then sold into the run. Makes sense. If Larry wanted cash, that's the way to get it. I'm going to continue to assume that VFIN is representing dilution.
However, now we're seeing something completely different. VFIN is selling at progressively lower levels every day. One would think that if Larry knew that his price would be that much higher soon, he wouldn't be selling at such low prices. I can only assume that VFIN is dumping shares for the company now because he *doesn't* think he'll be able to sell them higher soon.
I ask myself why. I'm still holding shares from much higher PPS, but my expectations are dwindling rapidly. My intention is not to bash. I don't want any more shares of this given what I'm seeing, believe me. What I'm hoping is that someone can come up with a logical explanation for this scenario that will encourage me to buy more of VFIN's shares in hope of that inevitable short squeeze.
And no, I don't think VFIN is shorting. The only thing I can up with is that VFIN is singlehandedly giving UBSS, NITE, and SBSH (the 3 retail MM's who have been doing all of the buying ALL year long, along with ETRD, which is nowhere to be found right now) a chance to cover some shorts... Why on earth would Larry make it easy for shorts to cover? There are no other MM's depressing the PPS on the ask.
OK, now, I'm ready for some news
(already)
I guess this is the amended one.
Nobody is mentioning the 10QSB that is out???
I made no predictions about EOD.
Don't have the slightest clue what you're talking about.
It couldn't be more obvious to me, IMO, that NITE is consistently trying to cover shorts at .007. Sad to see some retail weak hands just don't see this.
BANY is on the naked short list this week, REMEMBER????
Stupid to let MM's cover here.
If fools stop making it easy for them, I think we'll all be rewarded.
Silly allowing NITE to cover at these levels, IMO.
This is a very low volume shake.
Nobody's getting my shares here.
So far what I'm getting out of this S8 is that it only makes up 10% of the float, and IMO, there's every reason to indicate that this 10% is not just going to be dumped into the market all at once... But rather, I'm guessing, on an as needed basis to cover costs. BANY has been trading much greater volume than that lately for a few million shares at a time to make a difference.
Certainly not going to stop me from buying more on the dips tomorrow.
Clarification: I said "The last time it ran big, it was definitely a retail pump. This time, I don't see it at all."
What I meant was, this time I don't see it running because of a pump. I see it running now because it fundamentally deserves to run.
Here's the way I see today's BANY action.
If you look at where it took off from yesterday, to the peak this morning, then you'll notice 2 things. 1) it held the 50% rule all day today from this run, until the end of the day (on a Friday when EOD selloff is normal and to be expected), and 2) The move this morning went so high, so fast, that many who chased it in that first half hour might have been freaked out and sold at the end of the day when it started to go below from when the run continued this morning.
The run really began yesterday, so my fib #'s from that bottom, and huge volume today at or above .006 tell me that BANY stock is PLENTY strong, and is unlikely to dump like that last big run. (which also happened too fast like this morning).
And then there's all of that smart $ buying up the float like no tomorrow. THAT'S what you can't ignore.
Anyone got the MM buying totals for today and yesterday? PLEASE post them if you do.
ETRD and SBSH did far more selling than any other MM today, from what I can tell. DOMS only sold, like ARCA, when impatient Friday flippers dumped and drove the PPS down. This is totally to be expected, IMO. Retail dumps, and smart money buys. It's been happening all day. What's been very encouraging, even today, is that retail has been buying too at every opportunity.
The float is in much stronger hands now, and I expect good support next week.
The last time it ran big, it was definitely a retail pump. This time, I don't see it at all.
Low volume Friday selloff is all.
Pretty pathetic if you think about it.
Anyone that has been watching the L2 for the past 3 days would realize that ARCA will buy every share that fools dump, and only rarely will they sell.... ARCA only sells when others sell too much. Same goes for DOMS. (Notice DOMS is on the BID right now, buying out the weak hands).
This in NO way indicates dilution, IMO.
On the contrary, it looks to me like a buyback, or at least smart money buying up the float.
There has not been a single MM dumping all day that would indicate dilution.
If all of these whiney flippers would just hold for 5 minutes, everything would be fine.
There's no question in my mind that a serious base at .006 was established today, and everyone should be tolerant of the normal dips, rather than panic. NO reason to panic.
This is a miniscule walkdown to let the daytrading flippers out.
Nothing more, IMO.
#1) The order in which trades print is not necessarily the order in which they take place.
#2) An MM making $ on the spread in this manner does not inherently hold anything down.
huh?
"Also MM mirror trades, keeping her down."
Please elaborate how what you call "mirror trades" keep anything down.