Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I'm beginning to almost give up on this stock. I'm seriously thinking if it ever hits above $2.00 again, I'll sell everything and take a loss and move on to other stocks. This waiting and waiting and waiting is getting tedious and I'm missing out on buying other moving up stocks.
Thanks LLUVBBS for the info. Most of it I knew already but you did shed some new light. I am currently trading in my retirement account and have suffered a few "trading restrictions" which makes me a little gunshy about "flipping" money around.
Has anyone noticed that the past few days, during the last 4-5 minutes of trading, there is always a flurry of activity?
Any clue?
that's what I thought. Best of luck to you.
Of course, it's none of my business how you trade or how much money you make (I wish you well). But how can you buy, sell, buy, sell, without incurring the 3-day waiting/settling period? It must be a margin account.
Consider yourself lucky. I've been in this stock for 3 years! I got in at .08. Still down.
But I will remain long (on the advice of a friend).
Could this be shorts covering?
Some of you may find the below, old email of mine interesting. I wrote to Peter at Amergence (the former name of Tranzbyte) back in August of 2010. Here is his response. I've kept this email just in case the price started to rise again; hopefully this is what's happening now. (The link he refers to probably doesn't work any more)
"We’re planning a lot of exciting stuff at Amergence. I don’t comment on what the stock is doing so I stay out of trouble, but I can tell you that the market makers are currently 200 million shares short on our stock. That number isn’t a typo – they have delivered over 200 million shares to buyers that they don’t currently own but intend to “buy” some day. Usually the time they decide to buy in is when the stock is at the risk of outrunning them and they get stuck having to cover their short position with more expensive stock.
Here is the link regarding AMNG’s short position.
http://finance.yahoo.com/news/BUYINSNET-Updates-Amergence-pz-662860842.html?x=0&.v=1
All we can do here is keep coming at them with great news and increasing consolidated revenue. I have been managing small public companies since 1988 and have fought this battle before and won. I’m betting on Amergence to emerge victorious in this battle.
Last, it’s not the everyday fluctuations that I care about as much as where we are week to week or even month to month. This helps me stay focused on positive stuff.
Thanks for writing.
peter"
Back to me: Any comments from anyone? Are the shorts covering now? If so, based on what news? Is Peter still with the company? Just curious.
Did you mean "woops" or "whoopee"?
What's going on? Why the runup? Any news? Anybody?
Hey there fortis: long time, no hear from you. You OK? I always look for your posts; figured you bailed and moved on. Glad you are still in. Yes, I'm still in and I would love this stock to go to $3.50, of course I'd take $4.00 also.
Do you have any new information about the company? When do you think we'll get any news; earnings, etc.?
I'm hearing and reading about China's economy getting better, so I hope that means that SGOC's sales are increasing.
Great minds trade alike. Your position(s) sounds like mine. I'm down quite a bit so I've been keeping my fingers crossed on this stock for 6-9 months.
I assume your target is to SELL, not to buy, eh?
Wow - off to a good start today. Let's hope the flippers don't come in around 2:00 or so and start selling. AND, this is all without any news from the Company.
Go figure.
Stockwhiz: Finally opened your post. I agree with your question. I'm trying to figure that out also. I've asked on this posting site all morning if anyone had knowledge of "news" and so far, there have been no responses. Just wonderment, like you and I.
Anyway, I'll take the gains but I fear the flippers will back out by the end of day, as usual.
I just saw news on Schwab. Said the company "issued an update". But it didn't say what the update was.
StockWhiz: I can't open your post. Was it private?
Notice the low volume on each buy/sell order. I'm no expert trader by any means, but do you think the MMs actually buy in lots of 100 or 200 shares? There are a few large share purchases, but the majority of buys/sells seem to be in very low amounts.
Just thinking out loud.
I hope so. but I repeat my earlier question. Is there any news to justify the price increase today?
Really? I hope so. I've watched this stock for about a year now and it seems to me that after a day like today (so far) the price goes down. Flippers doing their thing. (I could be wrong) but I hope YOU are right.
What's with this volume today? Any news? (I'm not complaining however)
Unfortunately, I got in at a high price so I'm stuck holding my shares for now. I just get the feeling that some traders are buying and flipping (which is OK with me, that's business). As a result the price swings end up lower ever so slowly day-by-day.
Thats a long wait Scandle but we longs have to "hang in" eh? I follow this stock closely and it's tough to get any kind of substantive news. The daily trading seems minimal to non-existent lately.
Any thoughts as to what might be in that 10-K?
Also, this being a Chinese company which makes top of the line video screens, I wonder if anyone knows if SGOC has made any kind of overtures to Apple, with respect to the iphone and ipad screens. Just curious. And I'm just thinking out loud.
This is a general question for anybody and everybody. As of yesterday, apparently CNBC.com's webpage has discontinued a feature which I regularly checked. If you go there, and click on the "markets" tab; it used to show the top 10 "winners" and top 10 "losers" during the trading day for the Dow, S&P and Nasdaq. Now, the "markets" tab has been changed in total appearance and those winners/losers things are gone. Does anybody know why? If not, can anybody recommend another webpage where I can track that info during the course of the day? I tried Fox Business website and they don't have anything that. I called CNBC and got a machine - yeck.
agree - I'm out
I envy you. I got in at way over a $1.00. Yes, you saw that right; back in the summer of 2010 when the stock was Speech Switch.
Don't cry for me however, I'm a tough old nut. I can handle my losses (though I don't want to)
short & sweet Veterantrader (well, maybe not too sweet)
Does the name "Speech Switch" ring a bell on this board?
Careful out there.
Agree. I bought one of those solar flashlights (silver) about 2 years ago. It's dead now. I left it in a sun-lit room on the window sill daily but it gradually died.
Now, I don't know much about solar products but I figured it would last longer than 2 years.
What's your take on Monday's opening? Down or up?
You were right about all this activity the past few days. Somebody somewhere knew about this earnings report coming out and tried to take advantage of it.
thanks much.
Thanks. I wasn't kidding. We're all here to learn my friend.
Do you have a margin account? How can you keep buying/selling on the same day without incurring a penalty?
It's a personal question - you don't have to answer I suppose
I'll give you ONE good reason. Every "incremental" trade you talk about costs $8-$9.
Good enough reason?
Howdy! How long have you been following this stock? A few of us on this board are big fans of SGOC and are betting it is a huge success story. Have you done any research that might shed some more light on the company? Have you notice the huge jump in trading volume today?
Forget: I wish I could, but I didn't make a note of it at the time. Thinking about it though, the reference could have been one of those articles one sees on CNBC, or some of those financial newsletter articles we all get online. If memory serves, seems like it was back in the Spring (BEFORE the bottom fell out of the stock)
BUT
Something is definitely going on today. Look at the volume, and a majority of the buys are of small amounts, which I find intriguing.
Thanks again for that link to the buys update thingie. I only thought that Level 2 investors could see that kind of thing. (I'm still learning this trading business).
And another thought: Remember before the bottom fell out and this board had numerous posters talking up the stock - now they seem to have disappeared. I don't know what to imply from that but it is interesting nonetheless.
I've seen on some other sites that there may be a buyout or some kind of merger; because the quality of SGOC's product is of such a high standard, notably for tablet hardware. We'll see.
I've also heard that most (not all and no offense to our Chinese friends) Chinese companies are very secretive about releasing information about their business(es). Which makes it hard to find out useful quality information about their business operations (as opposed to U.S. companies).
So, I'm holding also.
Thanks much Forget:
But something is going on right now. Lots of buying and the bid keeps rising. I see no news anywhere. Insider buying???
Do we have a rally going on here? Let's hope!!!! Keep holding shares everybody.
Howdy Forget! Long time to hear from you.
Do you still think that SGOC will post earnings on Nov. 26 as you wrote earlier on this board?
To follow up on my earlier post, have you also noticed that all the buying and selling are for small lots of shares? No big buys. I'm still holding my shares, with fingers crossed.
To Everyone: I'm not a big-time trader, I sorta "dabble". But I've been following SGOC for a few months now and after the SEC renewed their ability to trade, I've noticed a trend. If I'm wrong, someone correct me.
It seems that the price varies almost every day somewhere between $.80 and $1.20. This has been consistent for weeks. Also, the bid/ask spread is consistenly large. Could it be that someone (or someones) is/are buying at, say $.80, waiting a few days, then selling at a higher price, then waiting, selling at that higher price, then waiting for the stock to go back to $.80, then buying again? (Is this called flipping?) I may be wrong, and this practice certainly isn't illegal but that's the only thing I can come up with regarding these strange variances in pricing. And, furthermore, most of the wide gaps, buys, and sells occur in the late minutes of trading.
Any clues? I'm all ears.