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Believe there is considerable daytrading -
DOW minus 40+ and top China screen all green -
Maybe people think 9% GDP growth means something. Dah !
Company trader can just sit back with this news.
Headly, the trader can go to his dental appointment today.
Failure to deliver - how it works -
This is how it works: Once the allotted time for the goods to be delivered is past overdue (usually 10 days), then the unsatisfied buyer will notify the exchange about this issue, requesting a 'buy-in'. During this time, a 'buy-in' notice will be sent to the seller of the borrowed securities who failed to deliver. If the seller fails to answer, then the broker will have to pay on their behalf. The seller will have to pay the broker back at whatever the shares are then worth.
Or shorts ????
My mistake. Sorry. Still would be of great interest to see when shorts start down versus up. That is if it ever happens.
He declined.
Anyone have a subscription to www.nasdaqtrader.com like pmony5 so we can track on a daily basis rather than bi-weekly what the short level might be?
While the IHub 'Trades' board is 15 minutes behind, and only records buys at the ask and sells at the bid (doesn't attempt to evaluate those between bid and ask), it does give an indication of the forces that are driving the stock up or down. 475,000 buy and 280,000 sell. Definite up trend.
It appears, and I hope, our company trader doesn't know of the 'last 30 minutes' rule.
JoeN could be right, a big US drop. Why not. I don't have any faith in US stocks except those with strong overseas investments. But what we need is a disconnect between China (Aisa in general) and the US market. After all, is there a difference in economies growing at 9% and those at 1.4%. Dah, I think so. Want to see those discouraged investors to start chasing the real winners like our with PEs of 3-5.
Looks like selling was due to daytraders and shorts are not in the game anymore. Except of course as dissapointed buyers.
Just want to see intitutional holdings go up and shorts going down. Then retail comes in and up we go.
Also waiting for the latest short number - EOM
Think the shorts are thinking hard.
Beleive that they have already sunk ~ $25M in their attempt to drive this down. The attack which went to 7.72 recently was their last gasp since it failed to hold due to the buyback cash available and they still face almost $30M of buyback cash.
Now what to do? Since they know it will go up based on fundementals (they never believed their own statements), and it will rise based on their required covering. So the shorts might say; Hell - let's go long.
So we have ~ 46% of the float in shorts and rising. JoeN say that is the same as RINO (true). So what? Rino has a PE of 7.71 and a Rames Hold rating of 3. CCME has a PE of 3.26 and a Rames buy rating of 17.
Even a concentrated 'bash attack' won't get much attention. I think we are home free on the uptick except for an overall market collapse which is what JoeN says he fears. Of course that was last week and he seem to be changing his mind lately.
WE aren't big enough - EOM
KNDI - yes, Corstrat got his four part article posted on SA.
Oops - Never mind !
Seems clear now -
Our trader is satisfied to let the price sit here in the low 8s and no lower. The shorts can either cover here or wait until later. Their choise.
Don't care what the 'no company trading in the last 30 minutes' rule might be. Our trader forgot to read the rule.
Now that we have a buyback in process to defeat the shorts and hold the price level from collapsing I should feel better. Why am I looking at 8.35 and not feeling that good?
I don't think that is a good idea.
Don't let your advesary know how much ammunition you have remaining. Let them think that retail traders and institutions are also against him and at an unknown level.
Either our 'company trader' is a very clever fellow or he has a dental appointment today.
Sucker in some more shorts.
That was quite a squeeze -
"Porsche SE announced plans to raise its stake in the German carmaker to 75 percent, triggering demand from short-sellers.
Volkswagen rose as much as 485.01 euros, or 93 percent, to 1,005.01 euros and was up 55 percent as of 11:10 a.m. in Frankfurt trading. "
I think a dual listing is best -
The PEs on HK or Shanghi are based on China investors and they have three things going for them. First, they believe in their Chinese companies (sometimes incorrectly), and with other than 'connections' outside of the country they can't invest outside China, and third that they save 20%+ of their earnings (lots of money). I welcome dual listing. Of course the initial listing in the US was an appropriate move initially for CCME, but now it's appropriate to do otherwise.
I believe our 'company trader' complied with the 'no trading in the last 30 minutes' rule to the same degree as the shorts comply with 'naked shorting is illegal' and 'spreading known false rumors can be prosecuted'.
CCME - So what do you think is happening now?
I think the shorts are watching the 'company trader' to see what his strategy might be. It appeard that it MIGHT BE to just hold 8.10+ until other buyers lift it to another level and then reestablish a new higher floor. At least that would be my strategy. If that goes on the shorts will ten need a conference call to see what they will do and how much loss they are willing to make.
So what do you think is happening now?
I think the shorts are watching the 'company trader' to see what his strategy might be. It appeard that it MIGHT BE to just hold 8.10+ until other buyers lift it to another level and then reestablish a new higher floor. At least that would be my strategy. If that goes on the shorts will ten need a conference call to see what they will do and how much loss they are willing to make.
Buy it all back, and then? The shorts will just short it further, they have endlessly deep pockets it seems.
Oh my god what a thought. This could go on, and on, and on .....
Trading? Swampmonkey might be able to tell us 'indirectly' but the only official method is the required reports in the 10Q.
Yep, we ignored the rule. Good.
I am not a trader and only have a casual opinion. But for our trader, establishing a narrow floor range gets rid of the daytraders. Then let the shorts try to slam it down and jump in to hold the price. Then wait for the ultimate. Their attack, the nervous retail guys start to sell and buy all of their shares.
All they need to do is convince a lot of nervous people that they are fake.
Well, if we are actually complying with the rule, someone else is doing the job now. But as I said before:
"Oh, we wouldn't want to do anything illegal and manipulate. I'd ignore that rule in a NY second. What are the rules for false rumors and illegal naked shorting.
But I'm sure if we did something bad the SEC, with their vast vision, would catch us just like Bernie."
Oh, we wouldn't want to do anything illegal and manipulate. I'd ignore that rule in a NY second. What are the rules for false rumors and illegal naked shorting.
But I'm sure if we did something bad the SEC, with their vast vision, would catch us just like Bernie.
I know. There is always the long run. I should have gone outside and cut my grass.
I see now way from the pattern that our trader is not in on the game now. Institutions would be waiting. General retail are scared. As for the last drop, our trader let it happen to milk the shorts. Wish I knew though if we were actually in the game and not just guessing.
Question who is doing the holding. Retail, think not. Company with a floor? Our trader trying to get all they can cheap and forgetting about any floor?
So this is a good test to se if they listen.