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the person w/ 20 mil wants the stock to go up...he's spoofing and hoping to create fear and load some more on the cheap bids..at least that is the norm..
thinking next week this resumes the march north..all imho
so you're right..he doesn't want to actually get hit on ask..only buys on bid
no, don't like as much...i just did quick flip there, it's tough..and finally catching up to btc but kind of doing its own thing..
gbtc - on watch
oops..
coming from a 20 year full time trader, amen to that - i've found once i'm in my position, L2 is the enemy of big gains..the noise usually fools me if i let it..
excellent paper trading!
he makes money the old fashioned way...he earrrrrrrrrns it!
to be honest i'm more of a technical trader, i'm not good with filings..totally confused on how this plays out...
can you give us a quick summary of the back 9 today, what were the feelings of the execs as the filing dropped? latest buyout discussions..tia
wish people would feel free to just speak up and not beat around the bush..
it's hard enough to trade when it is - well i should say hard to fill - when arca bid crosses 30pts over ask, if you're not in beforehand, you're not getting in good price ha
GBTC die pig..not sure how this isn't 1100 or 900 or something..maybe the upcoming f/s keeping a bid on it..
watching..
rotf..post a screen shot of that..
i'll pay you to do it..
not sure why it bothers me when faceless posters lie but it still gets to me..
your margin requirement for that would have been in the $ millions..your carrying costs would have destroyed your profit, and no short on earth holds a stock down 99.5% with very little downside and horrific upside if wrong...it would be the worst money management in the history of trading..
not only are you not short, you don't even know how to short it and thru which brokerage..
ok back to your regularly scheduled program..everyone can play make believe again
unless the news were so big it created 100 million volume, not sure it really matters at this point..it's all about getting the shares sold..would love an 8k o/s update right about now..see where we stand
absolutely not..
i retook a position today .037's, but only like 20%...would love to load lower and have a few more high volume days..good chance that happens but wanted to be in some jic..
we need an o/s update from company to determine what is left to be dumped..that makes it much more "predictable"...
he's not short..just plays one online..
let's see:
we have the resident fake short.. check
we have the .0002 coming post...check
now we just need the that one dude to show up and say he's back on golf course w/ ceo and bad news, it went from bk to buy out to bk again between the front nine and back nine lol
yup, usually they just dump and take the money and run in my experience..sometimes i'll see them show up 300% higher selling some last few shares but i'd prefer they just release them all..
.02's on huge volume would be where i'd like to load huge..nice duck dive
i'm not sure why i would waste my energy posting to you since every thread has the same guy on it, but here goes..
a) you are not destroying anything..that is maxm's job
b) you are not short any cheap otc stock other than perhaps intraday, and there are 500 better stocks to short that have run up huge intraday..
c) i have shorted 100's of pennies, and the margin requirements are huge, so you would not tie up that kind of money on a stock down 99.99% unless you are suicidal
d) the carrying costs of holding said short for weeks as you claim would kill any gains
e) a screen shot post of your position and dates would shut me up forever..but that will never happen
ok - a totally wasted post but had to do it..
this is my basic understanding, and i'm not going back to look at the exact numbers so excuse my rounding off of numbers:
dcth did convertible financing for $10 or $11 million...the financiers were able to sell stock they received at about a 20% discount..they sold and sold as the o/s went from a few million to 114 million (and the stock from $10 + down to .03 after r/s) once the financiers were owed about $2 million, a new deal was put in place..they were given 120 million shares to pay them off..they receive those shares at a % to the o/s in order to not have to create filing issues etc..so imho they are using maxm to slowly sell off the last 120 million shares..or perhaps if they like what they see keep some for higher prices..
the higher the volume the better - as they can release more quicker...
i'm not a good dd guy so people can correct me..i just trade the charts and what i see in front of me..but this one has me intrigued ha
i'm sure a noteholder w/ 120 million shares .02 b/e would love to sell them at $1..but normally they just want their money back with profits and move along..so i'm hoping they got impatient and gave directive to maxm to dump away w/ maybe a limit of .03 or .025 -still a great % return...perhaps they said sell 1/2 or 75% and keep some to release slowly later on - on the way up..
who knows...
we all just guess...
but regardless, i love huge volume...when the stock did this months ago in the .02 range, when everyone was giving up and crying that .0001 was coming, it was the load moment before the 1,500% rebound..
we'll see if they give us a similar play soon..
g/l
who knows, perhaps someday..but right now plenty of room in the share count..no need currently imho
but the difference is, they are no longer getting a discount to vwap to dump their shares, they have a certain # of shares to sell regardless now..so the higher the volume the better..
just mho, but thinking that there was a lot of .04 bid support and when that finally cracked a lot of volume kicked in...the financiers are good with anything over .02, so perhaps they gave maxm permission to sell down to .03..i hope so...want much higher volume days and get this over with for the real bounce when they're done ( hopefully ha)
dump 'em out maxm, dump 'em out..
do they only put out an 8k with o/s update when we hound them? or is it on a schedule..
would love to know where we are at in the next couple days..
amen..
don't think even close, but would be nice to get updates..
he usually takes small potty breaks..
the thing is, we really shouldn't want him to go away..we know the shares need to be dumped..i'm rooting for sub .04 and huge volume in .03's to clean it up in coming days..but we'll see..
yes, i'm loving the increasing volume..let's get this over with..
would your lesson come w/ a free stock pick also?
ha ha..yup
did MAXM forget to come to work today..early new years holiday? nice..
knock on wood..
same to ya!
bought a few cheap that i sold at 1860's..but have a bunch still, hoping for the bigger bounce...that can't seem to happen ha..
i bounced it this am but tougher w/ no big normal v bounce..
but just went back in 1860 and 1811 and already in pain lol..amazing
LFIN outdid DRYS lol sick..
i'm already scared for the bounces on way down...weird hasn't resumed yet after this last volatility halt..