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Heading into the lunch hour, shorts will be crapping themselves when they check their ticker.
Short interest up another 5%, I see them crying on Yahoo already, time for a massive short squeeze.
Short Interest (Shares Short) 5,800,000
Days To Cover (Short Interest Ratio) 0.8
Short Percent of Float 7.73 %
Short Interest - Prior 5,488,800
Short % Increase / Decrease 5.67 %
Short Squeeze Ranking™ -6
Seen $1.95 so far, keep moving up. AXL up over +1.12 so far after it got an upgrade to around $9.00 on CNBC just a few minutes ago, hopefully the good news spills over to us.
Would love to take profits, if it can get high enough to actually make some. I need $1.59 to break even and make $2 profit after commissions. Hopefully tomorrow I can take some profits, looks like today is finally a break even again day.
That news story came out 20 minutes after the plunge, so that can't be it.
You think this one is crazy, look at the chart for HEB, for absolutely no reason the stock went from around $4.50 to about $2.30 in about 3 minutes, even though buying and selling where about even, and there was no news at all out.
http://ih.advfn.com/p.php?pid=webchart&cb=1244222608&symbol=A%5EHEB&period=0&size=19&volume=1
Thanks Sheff, at least I don't feel like I'm crazy anymore. I could see panic selling or taking profits off the table, but why would anyone decide to just throw away potentially a 50% profit at the drop of a hat like that. The Master Manipulators never fail to amaze me these days.
HEB
I understand the shorts, but if you look at the chart with the BUY/SELLs, the drop was instant, straight down in less than 3 minutes. I also understand triggering stop losses, but if the buys are equal with the sells, then why such a gigantic share price drop? Thanks Sheff
http://ih.advfn.com/p.php?pid=webchart&cb=1244221233&symbol=A%5EHEB&period=0&size=19&volume=1
Anyone find out why HEB dropped 50% all of a sudden? I haven't seen any story or reason why there was a massive 3 million share dump yet. Even the chart shows that heavy buying was happening the same time of the dumping. Right now buys and sells are only off by 140K shares, with 10 million in the ? column on the trades tracker, and those are probably mostly buys. The only filing I see is an initial Form 3 at 10:44am with no information except name and rank.
They are not ADDING millions of shares, that just shows how many shares have been traded by them, both buys and sells. Your pointing to trading volume which doesn't mean a damn thing.
All I want to know is WTF is going on with this stock. Even Visteon and Delphi, both in bankruptcy are up over 40% the last couple of days. We saw almost 5 million shares go in the 1.17-1.18 range the last 3 1/2 hours of trading. It was sickening watching the L2 1.17 buy block just build over an over in the 15K to 30K range for the last 3 1/2 hours, yet the PPS didn't budge. We keep getting good news about auto sales being up, yet we keep moving in the down direction for no reason. How many more up days on the market is it going to take to get this to start moving in the same direction. ISEG is all over this stock, just like they were all over HAYZ, and we saw how that turned out.
I noticed that, AXL has way more dependence on GM and less cash on hand, yet they seem to stay up, while LEA just can't get out of it's own way. Seems a .20 to .25 swing every single day, up one day, down the next. It tries to run in the morning and they wrestle and stall it every day. I'll play the swings once it gets back up to where I bought in, which was $1.55. It's driving me nuts.
The date on that is March 27th, that was around the time of the aggressive acquisition announcement.
I just gave you a link in that last post for a free L2 viewer.
That still doesn't explain the violent movements this stock makes. You usually get mini runs in the morning up to about 10 or 10:30, then it dive bombs on most days. I watch the L2 along with this, the sell orders aren't even there to support these wild price swings. Every time this tries to go up, someone piles up SELL orders on whatever the ASK is at the time, then when th PPS drops, then they pile on that ASK price keeping it down. Just watch the L2 here on the ASK side, there is no real sell order until $1.43. Watch the top of the ASK list, you'll see the shares get taken out and refilled as fast as they are being bought. Yet the share count of the higher PPS that just got taken out will drop to a few hundred shares.
http://www.level2stockquotes.com/level-ii-quotes.html
WTF is going on with this stock, this seems to move so violently compared to the rest of the suppliers. The rest are down only 2 or 3%, this one is always up or down 10% or more on crap for volume. When we have 2million more buys than sells, this goes up a nickel, if there are 500K more sells, it's down 10%. Even AXL which is tied to the hip of the big 3 is trading higher than this, and they only have $100 million cash on hand and are way more likely to go bankrupt.
The ASK of .0004 was after hours, it wasn't real, there is no after hour pink sheet or after hour OTCBB trading. That just means one of the MM's that had the .0004 ASK setup just never logged out after 4pm and thats whats left showing on the ticker.
Looks like another 53 million shares just dumped around 2:45pm, only took 16 minutes.
Did you even bother looking at the CC slide show, GM is not Lears only customer. GM going bankrupt will not keep them from getting paid either. They are getting cash from the bailout funds this week from both GM and Chrysler, they have $1.2 billion cash on hand. Cars will always require seats and the electronics that Lear manufactures. The stock may get hit anyways, but the company is not going to die. It will eventually recover also, so you may just need to hold the stock for a longer period of time for it to recover. Lenders are getting to the point that they know forcing everyone and everything into bankruptcy is not a good solution to fixing the problems out there. Too many companies out there are too interconnected, and if you kill on off, you damage the entire industry. Not many companies are in a great cash position either, so mergers and acquisitions are off the table right now. No one is spending money right now, and no one is willing to cause more Armageddons on the markets.
http://sec.gov/Archives/edgar/data/842162/000095015209005503/k47903exv99w1.htm
The link you provide has ZERO to do with UVSE, it is a completely different company that has been in operation LONGER then UVSE. The only one who keeps coming up with far fetch conspiracy theories is you eddy. Thats why your posts keep getting removed. Not because anyone is trying hide anything, but because it's off topic. Also you have a tendency to attack people by calling them greedy or other names, this is against the posting guideline rules, read them, learn them, then your posts will stop being removed.
Here's the slide show from the meeting. Nothing new here that wasn't already mentioned in the 10K and prior news. Just another baloney WSJ article to confuse and cloud the issues.
http://sec.gov/Archives/edgar/data/842162/000095015209005503/k47903exv99w1.htm
There was no reason for the stock to be down .20 at the open on only 150K worth of shares, the MM's are probably helping their buddies cover their short positions. You can see the crap sell orders all the way up to 1.80, their all 100-200-300 blocks. The buy/sell volume doesn't justify the PPS moves.
That doesn't change anything, it's after 4pm, markets are closed. Most of the MM's log out of the system at 4pm so their ASK and BIDS disappear from the trackers. When they get back in the morning, they set their trades back up and they will reappear on the trackers, same thing happens everyday.
Nice close today, nice 1.87 in AH. So where do we go from here, whats the next stop?
I'm getting sea sick watching the chart today, its a roller coaster today.
I ran out of edit time, so I have to repost:
Looks like another 24K block just popped up on the bid at 1.66, I guess the MM's buddies need another favor to cover their short position, I see this getting dragged back again to fill the order.
EDIT:
Looks like that 24.1K block keeps moving around, I've seen it pop up at 1.60, 1.61, 1.64, and 1.66. They keep lowering it as the PPS drops. I hope the MM's aren't playing the chase the BID game.
Looks like another 24K block just popped up on the bid at 1.66, I guess the MM's buddies need another favor to cover their short position, I see this getting dragged back again to fill the order.
It'll probably do the same thing it's done for 5 days now, go up in the morning to just be dragged right back down by the MM's, like they already started doing. I know there were 3 million short last week, not sure where we stand today.
Well that was a load of crap to close out th day. Nice how it took only about 50K worth of sells to take 40% of the gains off the ticker in the last 30 minutes. I saw that coming when I saw the 11K buy block for 1.44, so of course the MM's obliged to pull it back to fill a friends order. But I'll take a green day any day over a red day.
Bored, you don't have to be a paid member to post, you just click on Public Reply, that replies to who you are responding to.
Actually the Ness situation came from a posting on the Google board:
http://finance.google.com/group/google.finance.6608704/browse_thread/thread/c7812dd41e3bbe7d?hl=en#
I called OKT Resources, LLC at telephone number (405) 285-1140
and they cofirmedthat they bought NESS as the NESS site says...
I, just like you, have done my DD, no maybe I haven't spoken with Raley directly on the phone like you, but I also have seen first hand that nothing Raley has said had come true. I am sharing my opinion of what I see going on with the company, it's only fair to everyone else who frequents this board to have the facts. People have asked you what your basis is for continuing to hold or whats coming up, and you haven't shared that with anyone, just that you've done your DD. We all have from what publicly available information is out there.
I see no way to avoid more dilution. There has been no updates on any new production. The only way revenue can rise is if the price of NG goes up. I and others here have been waiting 10 months for the company to do something, and the only thing we have seen is 2 A/S increases and a growing O/S and a dropping PPS. I'm sorry, that does not inspire any confidence. The company is prohibited in finding other sources of funding until the CD's are retired. How can you look at that situation and feel comfortable with it?
Needs to be filed by 5:30pm.
I did so after being nice, and he didn't respond to those questions either. Why should it matter what I said, I was a legitimate share holder at the time and I watched my money get flushed down the drain. You told me yourself months ago that if Raley pulls another A/S increase that this stock is done, now all of a sudden it doesn't matter to you.
Even looking at the intraday chart shows you the buying was heavier then the selling, for those that haven't looked at this, the blue bars are the buys, the red are sells, and the green are between the ask and bid prices, but usually buys.
http://ih.advfn.com/p.php?pid=webchart&cb=1242677679&symbol=NY%5ELEA&period=0&size=19&volume=1
I have multiple times, Raley refuses to answer my questions or even respond to my e-mails, but thanks for telling me the obvious. If you play stupid, then Raley responds, if you ask real questions, you get silence.
Only if the MM's stop with their fake walls and the stalling routine, we had 1.9 million more buys than sells, and they held this down to a .02 gain.
The company is sitting on $1.2 billion in cash, Chrysler and GM are paying early from the bailout funds, and their creditors already gave them an extension. This is just being manipulated/held down so the shorts can cover. Same MM, ISEG, that was holding HAYZ back is now sitting on this.
This should be moving up, I'm seeing almost 1.5 million more buys than sells, the MM's must be the ones holding the 3 million short on this stock. 3 days in a row now this should have moved higher and kept climbing, and 3 days in a row they dragged this right back down.
Th rules are the rules, the SEC has nothing to do with where the stock is listed. The rules of the OTC market are if you are delisted, to regain listing status you need to remain in compliance for 1 full year. As for the SEC audit, thats what Raley says, has anyone verified the story through the SEC yet if this audit actually really happened? I can tell you I've become the Pope, that doesn't mean it actually happened. The Ness story fell apart, we'd never use 1.25 billion shares, we'd never use the 6.5 billion shares.
I know you want to believe him Mike, but many people just don't trust his words anymore. The company hasn't done anything in the last 10 months to increase production or revenues. Even if the CD holders are careful, your still looking at another 17.6 billion shares, and thats only if the bid stays at .0003, and you know even if the CD holders only add 500 million a month, the PPS will drop. There is no take it easy no matter how you look at it, dilution is still dilution. As long as there is no revenue growth, the PPS will continue falling. Th CD holders aren't going to dilute slowly over 4 years to get repaid.