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what's wrong with prz now?
bustin' out of the flag pole
hey...it's back up to where i got my original capital out. not bad. took my gtc at .14 off yesterday
oh, no....i'm riding a small wagon.
O.T. i'm gonna miss pluto.....been demoted. down to 8 now. don't suppose it's shorts driving the count down.
seems citigroup has a bunch to sell. convertable? arbitrage? programmed sell? don't think it's retail.
so much for my opinion.
nice list. shoulda woulda etc.
one worked...i wasn't in it. it was up from a dime to over a dollar when i saw it. went to 13 bucks after a few days. shoulda woulda. that was when elvis presley enterprizes r/m into a shell. elvis got enough shares to give them 95% of the o/s and those lucky holders of the other 5% made out like bandits.
when calculating the value of elvis before the r/m, it was at 13 bucks a share, so that is where the shareprice went. the price was never reset. i've never seen a reset. that was the only one that i've seen work out. but then, it only worked if a sell occured at the end of the run.
oh, i forgot qbid. that one worked well for me. sold way too soon, but i'm always scared of these pennies now. i always try to sell on the way up. doesn't always work, but i try.
look where qbid is now. everything has it's season.
can't PM. i do agree and operate similarly depending on the stock
i've seen a lot of them scams too. only got mashed by one. hard lessen but every beginner has to learn. there are some here i think will be learning that lessen. i just hate to see people get burned but i have long ago stopped trying to do anything about it. i've seen people bankrupted, completely. then they sue the company.
i've seen people borrowing money in hopes of hitting the big homerun. others holding on to the dream until it's gone.
this is a mean and nasty game we are playing in, and the odds are against us.
i just found another stock (PAM) an AMEX stock that has a buy restriction at ameriturd. big volume spike a couple of days ago. we were warned several months ago that this would be happening. don't ask me where, i don't keep track of things very well, just add things to my general knowledge. first one i ran into was gvrp which post split had a total sell restriction.
just interested what you lost it all in. been there, done that. you seem familiar.
my opinion....we'll drift lower on small retail....rally late after the dip. but then, what do i know?
with the trading pattern we saw today, i think we're in good shape for a while. but i don't look for a rocket.
shem's not chasing, it's retail now.
that was what i thought yesterday. already got my first sell in at .40.
noticed that. need to see .315. didn't come up on the bid until late. looked to be patiently waiting to see how far down we go. now nudgeing and gaining a bit of a following.
ditto, but i'm not looking for a rocket. narrow margines and no glamour = more risk and little attention.
me too. in fact, i bought a few of barry's shares.
if what i read, that brokerages are borrowing shares from account holders, is true.....that is indeed bad news. there is only one reason to borrow shares and that is to make money with them. the only way to make money with shares is to sell them at a higher price than you paid for them.
maybe this won't be so bad now that we got past all those sellers at .30 (snicker)
if we don't at least doji, we are in for some bordom.
naked shorting is necessary for an orderly market. it's the rules that must be enforced. the pennies are especially vulnerable to wanton disregard of the rules.
something though that one should keep in mind. when a ceo states that this or that aquisition should substantially increase the value of the company, that doesn't mean the value of the stock. we are probably seeing a bit of that reality in the pps action too. the loi was on (uncertainty) then the loi expires (uncertainty gone). now neg's on again (uncertainty). the market doesn't like uncertainty.
not really. scottrade is only a portal. the MM's may have gotten rather short dealing with all that buying yesterday morning. they should clear that up with dips like you are seeing. that fact that the pps went down after earnings release is consistent with the pattern i see all over the market for small stocks these days.
another thing...look at it this way. if MM's were not allowed to short naked, what do you think would happen to the price with all that buying we saw. people would have been pay a buck to get any. then the tank would have busted most of those who bought. that's sorta the way it used to be, hecktic and dangerous.
they also got in hot water with that gluv fiasco. some traders made out like bandits but most lost out. i think they pulled in their horns a bit because of that one.
that's some sense, i would say. with the increasing problem of failed deliveries, i think this semi restricted trading is a new way of handling trade imbalances.
these pennies have tended to run out of control from a MM point of view. if the MM's have far fewer shares to sell than they have orders for, that creates a trade imbalance. on the big board, that creates a total halt in trading until the specialist can get a handle on it.
MM's are allowed to sell nonexestent shares to fill orders as long as they deliver within 3 days i think. the abuse of delevery regs is where the problem is. with a trading restriction like we've seen of several stocks recently that were trying to run, the MM's are less vulnerable to accumulating an unmanageble naked short.
in a nutshell...we want the stock to run fast, MM's don't. they are in the market to make money, and a fast runner, without an adequate inventory of shares increases their risk of having to deliver higher priced shares than they sold.
i think we just saw a bunch of selling into strength. typical of a sour market. i recently had a stock (still have it) that reported earnings at top of guidance range, upped their guidance and still sold off.
remember, this stock has come from way down and souring opinions on the market lead many to pair their holdings, selling into earning strength seems to be an opportune time.
this is an extremely low margine business. the slightest hickup can have big consequenses on the bottom line. this gives pause.
also, if you look at it on the surface, sequencially earnings were way down. true excluding ex-items it was not down, but that smaller bottom line number also has an effect.
i've been trading this for several months, it is a turnaround situation, and the market will judge it as that. perhaps 2 quarters does not necessarily convince some. maybe 3 quarters of consistency would be more convincing.
good boards? any board that is dedicated to a particular stock, especially one that has run big on a story, is not a good place to be. group psychology ruins your ability to make judgements. i've seen a lot of boards like this. look at the board of any stock that has soared and then come back down. they are all the same. same fights, same b.s., same patterns. same posts but with different names.
the human mind works somewhat unpredictably when alone, but in a group, it becomes fairly predictable. it's in our nature as social animals. people do in groups what they cannot or would not do on their own.
in my industry it's called "dead-nuts"
the SEC is secretive regarding investigations. they are not charged with protecting the retail investor. they are charged with protecting the market and enforcing an orderly market. if there is something to investigate, they do that secretly and when they think have a case, they halt trading. then they investigate for charges to file.
i've seen quite a few halts, and many times, the damage has already been done to the small guy. if not, when the sec steps in, the damage is complete.
the SEC is slow to move on any complaint. just because they haven't acted yet is no indication of the nature of the situation. they act the fastest when there is confusion in the the market (MM's, DTC, etc.). scams can go on for weeks. whether this is a scam or not, don't look to the SEC to potect the retail trader.
RIG, who is MM BNCH? they seem to be selling a big bunch just as SACM. messers stearn, agee, and leach i know handle institurional and company sales, and look as though they are selling, but i don't know who BNCH is. both seem to be rather uninhibited as to letting the ask rise a bit.
flipped out of ALLI about 15 min. before the lawsuit hit. today has been my lucky day except i didn't have a gtc set to sell my .58 shares of pam up there at .75 (30%). i guess it wasn't all that lucky, all things considered.
i think someone just wanted to fill that gap back at the begining of april.
hey....saw that bounce from .54 too late. actually tried to get in today for a scalp but went to fast.
remember you from your old RB pub. IBCS and ADZR come to mind. that ADZR was a good one.
i've never seen a r/m configured exactly like this is said to be. i've seen a lot of variations. folks are alway figuring out new approaches in this game. they are all different. a few times i've seen (made big and holding bag too) merger and split where some post forward split shares get sold into the market before the split happens. one had a short possision of over a trillion shares. everyone thought "short squeeze". what happend was the sec let the company reverse everyone into oblivion and reissure different shares. my 600 bucks went to 60,000 over night. for a short time i would have been able to sell but ameriturd was saying that i might be short so i didn't.
look up MAMG and see what it's worth.
not in....too late. wasn't watching yesterday on that technical bounce or i sure would have made some bank on this one.
i can't trade based on that sort of expectation. if i'm wrong, i missed out. i just play the odds. i've been around for long enough to just stick with the odds and let the choips fall where they will.