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yep, that's right. Been in positions in MET before where the spread all of a sudden goes from .07 to .20 right be before 10:00 new is released. even more prevalent with NASDAQ stocks.
same here. Other communications they made stated that it was planned to be finished (and operating?) in 09/2010. Because of that estimated date I was/am expecting 2011 to be a big year and am glad I got my shares while the price was relatively low. Well, we'll see (of course).
very good, that's why you need to use liquid route (oh no, that's a dreaded market marker! they're the bad guys right?!?! haha, no. that's the misconception on this board, market makers are the routes you use (or your broker if you are not using direct access to execute your orders) to execute your stop loss. You're right, you will get raped if you set up your stop loss order as a market order, so you need to set it up as a limit order if you can. Can meaning there is enough liquidity in the stock. That's the problem with OTC.OB/Pink Sheet stocks. Many times the stock is illiquid, so because you were able to get them on the cheap, you got a million share position for about $1000-$4000 depended on how you built your position, and then if you need to get out, you're in a bind.
any thoughts on the 10-Q?
post 4709 does not infringe on TOS
Okay, just taking things from a pure trading perspective, I'm guessing you bought it on the pop; the amateur way to go about it is to hold on and wait for the next pop to get out. the extra amateur way to go about it is to average down and wait for a smaller pop (we can go into it if you don't understand why averaging down is the worst thing you can do). The professional way to go about it is establish a stop loss and obey it. That somewhat is determined by where exactly you got in, but just technically you shouldn't be holding this if it CLOSES below .002, you can give yourself a little breathing room and wait for two consecutive closes below .002, but if you are waiting beyond that you are not actually trading anymore, but forcing yourself to become an investor, which is a big discipline no-no.
happy to see you got my joke. as far as my position, reference here: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53191961
why, you need some?
we closed down; must be manipulation!
okay, interesting statement, but what are you basing it on? seems like .002's have become a solid support level. If it gets a strong push above .003 I'm thinking a test of .005 will occur. In terms of risk management though, a close below .002 and a retest of .001 will become probable. Pretty good risk reward. risking .001 to make .003, 3:1 very good risk reward ratio, worth putting money into it.
Okay, take several things first into consideration. First, all of the quotes you see on level 2 are listings through market makers. A portion of them will be client's orders, (you, me, or an institution (such as USB or any other big bank) which I don't feel is the case yet), and a portion of them will shares that the market maker is looking to take for themselves. Additionally, take into consideration that a market maker is required by law to have a quote listed for every stock that they are contracted to list. This is the reason why you see quotes of .01 and 999.99 before and after the bell, the market maker is simply fulfilling that requirement. The thing is, your addressing a specific issue, which is valid, but you are attributing the wrong ideas to the situation. You want the stock to go up, okay great, we want the same thing, but blaming smart traders for being smart and waiting for a pull-back is wrong. Blaming people for trying to get filled passively at the price they want is incorrect. If there is real buying pressure, the stock will go up, a market maker can't fight it, and they will switch sides when they see the direction orders are coming in on. There will always be a bid and an ask. If there wasn't then the stock wouldn't be able to trade. Someone has to represent the bid and the ask. Therefore traders being on the bid and the ask is necessary. It's much better to wait for a pullback and get filled passively then be a knucklehead that chases a stock price. Basically you are asking individuals to do the 'heavy lifting'. This isn't the place of individuals, but institutions. I very much recommend you (and 99% of people who post on boards) to join a prop firm so you can gain a fundamental understanding of how market makers, floor specialists, institutions operate, and how back office operations of firms operate,or at the very least make friends with a specialist/market maker. It will alleviate a lot of confusion you have when you 'just can't figure out what the heck is going on with a stock'. Cheers. Oh by the way, being able to converse with someone in the industry may be closer than you might expect ;)
attributing slow price movement to bids being present doesn't make any sense. If that was true then shorts would start blaming each other for the stock not going down quickly because some of them are selling at the ask instead of the bid. Earlier you attributed this same logic to the behavior of market makers. Just because a MM see's a passive order doesn't obligate them to fill it. If they were required to fill all passive orders then they would be filling the ask, not just the bid.
if you really are looking for a good spec play that is legitimate, take a look at CTDH.ob; It's a not a financial distress/comeback story like ANDR. Has an easy to understand business model, business isn't based on foreign markets which are hard to verify, is mentioned in the Wall Street Journal multiple times, is been approved by the FDA to receive Orphan Drug status, just recently acquired their own chemical producing furnace so they don't have to purchase materials anymore (production starts in Sept.), has multiple patents on it's value-added products, and has a low float. That's the real gem.
you're funny, seriously
got my 2's, yes
Received an interesting private message from someone on this board regarding stock manipulation. Sometimes people don't like the message and opinions of other posters, but please keep in mind that just because the opinion is not shared by you, it does not mean it is bashing/manipulation. One form of manipulation is intentionally spreading false information to influence the price of the stock. It's difficult to prove an opinion is actually manipulation because you cannot be 100% sure of the poster's position, so take care not to make false accusations; which do have legal consequences.
People on stock bulletin boards sometimes focus on all the wrong things that don't actually impact the price of the stock significantly; be it 'evil shorters' or 'evil bashers' on message boards, instead of focusing on real issues such as price manipulation through large volume buy transactions that can be accomplished easily with little money due the low price of the stock, which draws unsophisticated investors into the stock (pump and dump), which I'm suspicious is done through companies that advertise stock picks by sending them to your e-mail for free. They already have a position. They spam the stock out, buy a little more themselves to simulate large trading activity, the rest of the buys are facilitated by people who received the e-mail, they watch the stock pop, then sell it off at the end of the day or the beginning of the next day. I feel this is a bigger problem than being scared of 'evil shorts' or 'evil bashers' who simply do not share the same opinion of the stock or its related topics.
brokers are not willing to loan out all of their listings of stock. Generally brokers prefer to allow stocks of $5.00 and above to be borrowed. If brokers receive requests from clients to borrow a stock that they do not have an inventory of, or are not willing to loan out to their customers themselves, they will go through a stock loan firm, which will generally charge a high interest rate of 17% and upwards and will pass that fee on to their clients.
by the way, if you can prove that the stock can be borrowed, it doesn't prove that it is being shorted. I'm seeing some posters point to https://www.otcbb.com/asp/OTCE_Short_Interest_popup.asp?Symbol=otow&StlmtDt=07/15/2010
, which is great, but I'm wondering how that site is collecting its data and why/how they are able to interpret that data as 'short' transactions.
What can't be borrowed can't be shorted, and as far as I know, this stock can't be borrowed, so therefore it can't be shorted. Please speak up, anyone, if you can prove that shares of this stock can be borrowed, it would then prove that the stock can be shorted.
I know the question wasn't directed to me, but, I know that shares are being sold, what I don't know is whether or not those shares are owned by the seller or being borrowed through the broker for purposes of selling only (shorting). If you can provide some valid method of distinguishing between the two it would be most appreciated.
how is that data is being collected and from where?
this report interprets all active 'sell' orders (meaning a sell order selling to the bid) as 'short' orders, which is why it is not useful. It doesn't distinguish between which accounts were selling shares they owned and which ones were selling shares borrowed through their broker.
WSJ had an article about how Weil, Gotshal & Manges is doubling down on Lehman's commercial real estate posistions. Had to buy out Prudential's bond in one of the companies that Lehman also had bonds in due to the fact that Prudential's bond would get paid first in the event of the real estate company's bankruptcy, and would probably prevent Lehman's bonds from getting paid due to the size of Prudential's bond. Weil, Gotshal & Manges also mentioned they plan to finish the liquidation process within 3-5 years, so be prepared to hold onto lehmq.pk for a while...
where are you getting a $1 price target?
Got some upticks, anyone know of any news (regarding allp)?
bid-ask size has been less relevant since the 90's after institutions stopped showing their full order.
who is 'we'?
"Lehman Brothers Holdings Inc. announced delayed 10-Q filing." Interesting how none of the free sites are posting this article.
the real money maker for the iPhone4 will be a truth serum for its antenna.
"it didn't phase me because most people here have an ability to take it"
are you talking about yourself or other people here? choose one or the other because the statement doesn't agree with itself
"all here should be able to accept criticism without crying foul imo"
continuation of making excuses for bad behavior
respect everyone
Be respectful to everyone.
"Then I will put it more plainly ... who cares other than you"
This is not respectful.
When I first responded to him it was in reference to how many shares of the spinn off will be awarded per share of CTDH, which I stated very plainly as "very curious what the share dividend ratio distribution will be...". His response "Very curious that of all the things going on with Orphan Drugs, new subsidiaries articles coming out, European trips, manufacturing plant, that you are curious about what I think is a immaterial event." is mocking in tone and condescending, and I made him aware of this. You are in control of being able to understand this.
be respectful of everyone here.
no, not curious about what you think, curious what the ratio of dividend shares of the spin off will be to CTDH shares.
very curious what the share dividend ratio distribution will be...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51800321 first you went on about .08, now .07, what you are actually pointing out are lower lowers, which = downtrend
good news then; he see's a bright future for the company, especially since at the time of this posting the stock is back to .10 per share.
may not be applicable at this moment, but from my experience at trading firms, large bids at times are a attempt to create false strength in a stock, thus luring others to push the stock up, so that they are able to exit their position at a higher price.