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margin call selling ...couple of desperation dumps...to satify margin and profit takes after 2 day bounce...expected..
The Shorts got greedy...they were aiming for $1.72 200SMA...and we now bounced off MAJOR support...I do not doubt that there was lots of shorting in the $3's and low 3s ...now they are toast and "hoping" for a miracle ...
bet there are still a ton needing to cover...and probably more squeeze to come...
there are more shares behind those 4's, 3's 7's then you might think...on the bid...MM are shopping on behalf of shorts and not trying to bid up...
Hey...where's Folly and GIO today?
after all $4 is coming up ...might be a good time to cover.
IMHO..no doubt...it went up to 1 Million short from 14th to 18th...not unreasonable based on the volume only another 600K when they thought they smelled blood...(it was really a fart in their face!)
check you option quotes...what I quoted is correct.
right...it was the post after yours..
right...it was the post after yours..referred to the .15... but they were Apr5
Last trade at .15 was Apr 5...not Oct 5 (which was $1.05 not .15)....and probably when SP was 2.72...the 1023 was cumulative buying (open interest) so it was not one purchase. Wide spread, of .05 to .45 on bid/ask unlikely available at .15...more like at best .35 or .40...and that's if no rise in SP.
LOL...hey...I made money on my last minute purchase of $3.21 on Tuesday!...
Hey Folly and GIO...dont worry, plenty of time to buy in at $4...
"advantage"...XXII (at least in Canada)
GIO...again FACTUALLY WRONG...they did just start investigating "patents" (as though they might be questionable)...NO company invests $14M into a company with patents without first investigating and verifying the validity of those patents...which BTI did.
What they doing is "using" those patents to further develop the application of the patents. (which would benefit both XXII and BTI ...on BTI's dime)...
just cover and you wont have to embarrass yourself with misstatements and inaccurate statements of fact to try to push XXII down.
When you come to the April 12th meeting...you can ask the question...woops...forgot you are short.
Ha...now you are becoming irrational. How can you even make such as factual statement? What public company makes "public" their marketing plan? Do you really think they or ANY OTHER public company is going to telegraph their approach to their competition?
So Mr Folly...what is AAPL's marketing plan ... please post it when you acquire it...so you can prove your point (which we know you cannot!)
The name really fits.
Yes. Jock...SOP stuff Folly is trying to mislead investors with...
Folly...That letter was a year ago ...when everyone was doing their DD.... SO IN FACT THE SEC HAS DONE ITS DD... and XXII is GOOD TO GO!...
you are so full of garbage...one those raising "Bogus" issues...as if something is at issue. NYSE MKT would not have listed this company with any issues with SEC and with out a thorough venting...and you as a "former" broker know that...
So exactly how many share short are you?
there is speculation...with substance and without substance...that is why you do DD, to determine which is which, and if there is a high or low degree of probable success.
The one thing Brokers/Professional Traders generally dont possess is instinctive understanding of business operations...it is a sp numbers game to them.
They sound feeble when trying to knock the substantive achievements (when they switch form Long to Short or Flat), because they dont understand what each accomplishment represents in building a successful business...(no less understand the underlying dynamics of how they get there).
XXII has assembled an A-1 team, partnered with on or the Titans in its industry, having Regulatory authorities asking them for assistance (and paying for it)...working with a Titan in pharma etc etc etc...
Yes when they try to knock the company...they sound lame...and are very transparent in their motives.
Now I know why certain posters were giving a lot of Blow Back on MMJ...they either sold out and wanted to buy lower...or went short....
Between your post showing same research group for XXII involved in MJ research, HTFBS hinting at possible imminent announcement in the area...and little PERKie putting his ears to the ground...
APRIL 12th should result in a New "HIGH"...
Short have certainly overstayed their welcome...as evidenced by todays rebound...
Time to cover GIO!
(one thing worse than margin...shorting...the flip side of margin)
XXII...Med Marijuana play...will be huge of SP...IMHO to be announced at Annual SH meeting ...April 12th...
Hiring an IR/PR agency IS managing IR/PR...the agency doesn't wake up and say "Gee lets put out this today"...they take their direction and guidance from management who is responsible for what the agency transmits and responds to inquiries.
I believe what Peter said is that xxii could list nicotine level on cigarette pack (as you do in full disclosure of any food product), but not refer to it as "VERY LOW NICOTINE" which the FDA would have to approve.
Currently no company can, because the FDA hasn't concluded what they want to designate as VLN..ergo..the FDA study with XXII product.
There is nothing deceptive in labeling the truth of its content.
Marketing in Cigarettes is limited anyway...and how do you conclude xxii does not have budget big enough for "real marketing plan"?
They many not be "marketing" VLN and VLT as such in the U.S., but that does not mean they cannot "sell" vln or vlt in U.S.
... VLN will be sold in EU how long would it take for U.S to learn that the VLN in EU is the same as XXII brands in U.S.?
Don't you think "word" will get around immediately that XXII brands are VLN or VLT?...word will travel and be known without it being on the packaging.
one point in your "critical" thinking you are not adding into the equation...most of the float appears to be non-institutional...ie retailers...with most large gains, thin nerves and easily fleeced of their position...MM know that and they are trying hard and with great success so far to separate stock from stockholders...
Philip Morris study: "90% of smokers would try a VLN or VLT cigarette" That is tremendous marketing strength.
you forgot British Tobacco and its $14m...and might as well add NYSE who believe they were worthy enough to uplist.
how was your coffee with the secretary?
James...sure their has been plenty of that too.
It really doesnt matter at what price you bought it...if you over-margined a stock you bought at $4...the quicker you are going to have to cover it...and force you to sell below $4
I am anticipating MM will keep the sp down below 3 for 3 days to flush out the remaining shares held on margin...then we will be done with "forced sales"...(and margin calls)...
dont bother...I did it to see if it would mark as the close to frustrate the MM...what the hell...we should have a little fun too...(it was a great price this AM) ... lol..
after all they are jambing us for sub $3 to trigger the last of the margin calls...
that would be dandy!...bring a box of chocolate to the secretary some coffee too...warm her up
next time ...someone ask Wallstreet not to do us the favor...best they could come up with the company is net proceeds of sale of equipment for $640,000 .... lol...
heavy heavy DD on their part...hey guys...think you forgot $14M from British American Tobacco among other things! lol
number of shares short?...has to be mucho...
that would be the fuse to light!
(if you hadn't covered margin before today...it was probably covered for you...very clever MMs)
it also means there are a hell of a lot of shorts out there!
not with the right news...
how are the big boys supposed to make money?...not buying at the highs...lol
come on weak hands...someone has to fill the 45k bid...he has to move it up from $3.17 to $3.18...begging for it .....
no hope in investment...just know the fundamentals.
they are on the bid...the cheaper you want to give it to them the cheaper they will buy it...If you dont believe in the company...sell the stock..as easy as that. I am a long term holder...waiting for opportunity on both ends )
patient smart buyers...sit at the bid...they dont buy at the ask...when weak sellers are around.
Smart money just waiting for investors like you!
sell it then...plenty of buyers down here...wanting cheap shares...