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Yeah, as corrupt as these markets are, someone is probably buying at a bargain, then after that, the MMs will raise the prices. Everything is corrupt anymore. Partial treatment to some, none to others.
Patsy, TELI is asking .02 again and ALEX is on the ask again. No sells in the .01s. Looks like the same story every week.
Good luck, but I doubt you'll see .03. It seems it's lucky to get into the .02's. Must have been diluted to death. Used to move so much easier on low volume.
I'd sell toshac. It's been a POS for a long time. I owned a bunch myself, and sold on the last spike. Co. hasn't issued a PR in forever, and it seems to be nothing more than a shell anymore. The co. has no idea how to keep shareholders informed of anything.
Is bobz down? Can't get in right now.
Saw that Patsy. Bought PURE for a bounce. Bought @ 2.15, and its now 2.20 x 2.22. They actually had good news today Was 3.50 on Monday. Looks like low volume selling took it down. Only buying right now, and looks to come back.
Toshac, if I were you, I'd use a good til cancel order. Eventually, the MMs will brgin it down and fill you. That has worked for me in the past.
Toshac, looks like you're giving the MMs a run for their money on DCTG. Not one trade below .03 today, yet the bid sits at .026. Completely corrupt.
PURE: 2.10x2.18: About to bounce. Bid support building.
Bought PURE for a bounce. They had what appears to be good news today, and it has been walked down 50% or so over the last 2 ays on low volume. Thinly traded, but being down over 25%, it will hit some raar screens IMO.
http://biz.yahoo.com/bw/010404/0278.html
http://finance.yahoo.com/q?s=PURE&d=5d
IHUB sure could use a faster server. Darn thing times out half the time when trying to read 1 post.
It took me about 15 minutes to get fille for just 25K. Ridiculous how beaten these are, and the MMs can't even fill the occassional buy that comes across. Shows how manipulative the MMs are on the OTCBB IMO.
Hi Toshac. I got some at .028 and .03 over the past weekend. Severely beaten down. I agree, at these levels, this is very undervalued. Saw MMCI had news today on a spinoff, but looks like the stock may be selling off. Buy on rumor sell on news.
I've given up on trying to understand this one. I sold my silly 500 shares that the MMs filled me on yesterday. Don't trust it as ar as I could through it.
Patsy, looks like you made out on MTWV. I unfortunately, didn't buy any. Making out well with NTWK and SYNQ though.
Just bought NTWK. Down a lot with no news. Who the hell knows. I'll take my chances.
Isn't it amazing how fast some of these stocks will drop, but it takes 10 times the buying volume to move it up even an inch?
Lucent now at 6.60. Down 1/2 from where it was early last week when they announced a huge multi year multi billion dollar deal with Verizon.
Agreed Patsy. There doesn't seem to be any logic to this market anymore. Ao co. could warn that their earnings will be a penny shy of expectations, an the stock will drop70-75%. Completely unwarranted, but the shorts are what are making this market look worse than it would be if there was no such thing as shorting.
Looks like its already bounced some. I bought SYNQ yesterday, and my average is about 1.30, and so far today, it is staying above its close yesterday. These stocks down 70% + may be a way to try and make a little in this horrific market.
Hi Mack. Saw the PR regarding the LOI on DOCU. Since it is just an LOI, that's probably why there wasn't much price reaction. I used to hold DOCU, but sold once the market conitions began to erode. Will keep a watch on it. Will probably be a few months before the deal is sealed.
If we get any kind of serious rally, there will a lot of situations where the shorts will be severely squeezed, but until then, they will just keep shorting the heck out of everything. That is much of the reason why the market is down so much. Tepid buying + short sellers = down market.
Boy, what a rough day this was. There has to be some kind of end in sight somewhere. NASDAQ is now down 35% or from the beginning of the year, in a little over 3 months. That is frigthening.
Think I'll have a stiff drink when I get home. I'm sure there will be suicidies tonight at some Wall St. brokerages.
Can't imagine how stiff the brokerage houses losses will be.
Have a good night Patsy. Watch SYNQ. Down a lot today and way oversold IMO.
Patsy, look at all the trading suddenly on GPRX. Not moving much, but the trades are there. Interesting
Look at the suppost @ $1 on the bid for SYNQ. The problem is that the MM on the ask @ 1 1/32 suddenly has 251K to sell. Where in the freak did REDI get all this stock suddenly? I freaking hate these damn MMs.
Down 80% on this news? And on only 1.6M shares? This is the biggest MM ploy I've ever seen. People selling for $1? Are they nuts? Just bought more.
One idiotic sell and the MMs bring LMRI back down again. You sit unfilled for 15 minutes and the thing sits there. Manipuative isn't even the wor for this!
Bought SYNQ. own 68% on wider losses, but The company said it was still confident it could meet expectations to break even in the fourth quarter. Don't think it warranted this kind of drop. Volumeof 1.45M, but not even 1/10 of the O/S. Don't know how a stock can go down this much on such small % of O/S.
The POS MMs filled only 500 of my order that was sitting for 15 minutes. Then they raise the ask. God, I am so freaking sick of this crap!
POS MMs still haven't filled me. Order sitting for 10 minutes, then they raise the ask. Not filling anything, then suddenly out of no where, they will raise the price so no one can be filled. Biggest case of stock fruad I've ever seen!
Just bought LMRI at $1. Looks to move higher. Buys are coming in, and level II looks supportive.
PMMT, last trade 1 1/4 on 3/27. Patsy, what do you get?
Very strange, PMMT (new symbol) has a last trade of 1 1/4. PCMT has a last trade of .10. Looks too strange for me. Think I'll pass. Prboably already split if the new symbol is around already.
Gosh, I remember HDOG. Big reverse split now. That's funny. I think it's a stinky pinky.
I remember this one before. Currently .10 x .55. Does look very confusing.
RNWR, looks like time to buy a little more if the spread tightens.
Out of SLGLF at .70. .15/share profit in 40 minutes isn't bad these days. Made more than most today I guess!
Bought SLGLF at .56 and it's now over .70. Huge buying and the float is about going. Looks risky at these levels, but could be big news coming. Conference call on Thursday, and may easily run until then and beyond is news is good. Fuel alternatives are big these days.
LMRI, down again on small volume sells. A real POS for sure. WIll watch and may buy if some buying comes in.
Yeah, seems like 3-4% drops everyday lately. Wouldn't be surprised if you don't hear about brokers jumping out their windows soon on Wall St. Many of the young yuppie type brokers have never been through anything like this. Couldn't imagine being a broker right now.
Bought SYNQ @ 1 3/4. Will bounce IMO. Big sellers seem to be gone. This is one hell of a scary market. Everything is down. LU in the 7.50 range, CSCO in the low teens.