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lol...Putin already has...
Ps...the reference to Harry Boxer and XXII probably cant be substantiated...its an typical "Iceman" MO to mention and associate people, as though they, in this case HB, are/is running with it...(when they are not)...anyone know if he actually is?...just curious...it would speak volumes about recent action.
but the general point is the same...some "hot money" daytraders are following and trading in it
The real "players" came in on 3/7, only then learning of the uplisting/mj play etc., around $4.72 area,
" From: iceman081@hotmail.com
Subject: FW: Harry's Closing Boxer Brief & Charts of the Day
Date: Sat, 8 Mar 2014 00:29:23 -0500
xxiii goes on nyse on tuesday--decent pot company--watch for a 20 to 30% move similiar to onvo which we played when it went on"
We closed on Friday in the $4.30-$4.42 range (20 sma), a daytraders support/bounce signal. (We also saw the quick spike on Friday when it hit 20 sma...a typical Daytrader Platform call)
IMO...looks like many "daytraders" and "swingtraders" got into the stock on the way up...now playing it on the way down, either shorting (on NYSE)or they have been just selling out and taking profit.
...it looks like we will plateau here near or above 20 day simple moving average ...around $4.30-$4.42 range..or above (near traders entry at $4.73).
Notice a "decent pot play" was mentioned... IMHO they will want to position themselves when they see support and wait for the next move up on news (MJ news for them). Those still Short will be in peril, since they have no clue what catalysts (outside of a possible MJ) are coming.
I would anticipate that we will be around there until the real substantive news hits ...at anytime
...including MSA, triggering completion of merger, opening of plant, commencement of production, distribution agreement, and IMHO...MJ (a specific commercial medical MJ biz plan).
between now and April 12th...shorts should be biting their nails.
ps. remember British American Tobacco (BTI) has $7M and will have $14M into XXII...after already studying XXII tech for 2 years...and they are no dummies...
shorts (or TA traders, without knowledge of the Fundamentals) have no idea what is about to hit them.
Doubt it...we have filled the gap...if it holds or closes above 20sma...it will likely hold...(I know you are hoping for a plunge to buy back ...being flat)...but we will see.
they are playing with a re-test...double bottom?
filled again...but ready for more below if the opportunity arises!
should be a bottom and base around here or higher...the see gradual lift...unless news comes first. (but could also see a re-test...which if successful makes the bottom only that much stronger...
It bounced HARD off the 20 sma and NOW filled the first Gap...which really was not filled....
Now we have TA double. filled gap and nice confirmation off of 20SMA....For a TA it time for "buyers" to get safely in
The thing about TA...is it is not "folly" if enough follow and trade on it...if a large enough crowd is influenced, believe in it and they follow it...it becomes self fulfilling and then it is "in fact" and has validity...within its range of error. But of course we all know "fundamental" news will always trump TA and can blow it away at any time.
So you liquidated high and looking to drive it lower?...to reload?...but not for a while?...am I reading you correctly?
JamesK...and you fail to mention it was another Chinese "fraud" stock ... a shell game:
"Puda purports to supply metallurgical coking coal to the industrial sector in the People’s Republic of China through the Company’s indirect equity ownership in Shanxi Puda Coal Group Co., Ltd. (“Shanxi Coal”) – a PRC-based coal mining company and Puda’s sole revenue source. The Complaint alleges that Puda’s Chairman, Ming Zhao (“Zhao”) looted the Company by secretly transferring Puda’s controlling interest in Shanxi Coal to Zhao, through a series of transactions which the Company failed to disclose in its periodic financial reports. Specifically, the Complaint alleges that, in September 2009, Zhao secretly arranged for his brother to improperly authorize and cause the transfer of Puda’s 90% interest in Shanxi Coal to Zhao. As a result of this transfer, Puda lost its entire ownership interest in Shanxi Coal.
Zhao transferred 49% of the shares of Shanxi Coal that he controlled to CITIC Trust Co. (“CITIC”), the largest Chinese private equity fund and merchant bank, which is owned and controlled by the Chinese government, in exchange for 100% of the ordinary shares in the CITIC Juxinhuijin Trust Fund I (“CITIC Trust”), valued by CITIC at RMB 1.212 billion ($179 million). Just days later, Zhao pledged the other 51% of Shanxi Coal to CITIC as security to obtain a RMB 2.5 billion ($369 million) 3-year loan to Shanxi Coal at a cost of 14.5% (annual interest plus fees). In November 2010, the loan was subsequently increased to RMB 3.5 billion ($517 million) and in January 2011, the loan was further increased to RMB 5 billion ($738.55 million).
....defendants did not disclose any of these transactions to investors, and further alleges that in 2010 Puda conducted two public offerings – purportedly to raise capital for Shanxi Coal – without disclosing that Puda no longer had any ownership stake in Shanxi Coal. At the same time CITIC Trust was selling interests in Shanxi Coal to Chinese investors, the defendants were misrepresenting to U.S. investors that Puda still owned a 90% stake in Shanxi Coal. Puda raised more than $100 million from investors by selling shares in an empty shell company, netting roughly $14.5 million from the sale of 2.9 million shares of Puda stock in a February 2010 offering, and another $108 million from the sale of 9 million shares in a December 2010 secondary offering of common stock. The December 2010 secondary offering was underwritten by Macquarie Capital (USA) Inc. and Brean Murray, Carret & Co., LLC."
They are sitting with over $5m...company needs NO additional money to move forward with its biz plan
You state:
"The thing with illiquid stocks is they fall quickly when paniced sheep rush to be the first to take their profits. "
What you dont get (and it is obvious, you are a novice to investing) is that when you know what you own and why you own it...you dont panic with intermittent price movements...
Prime example is another stock covered in the newsletter XXI*...it went from 2 to over 6 in a few short months....when it uplisted yesterday it got beaten up, again this AM...investors like you believed they could cause a wholesale panic...DID NOT HAPPEN....
Very few SUB investors sold ANY stock...in fact, when it hit a bottom today the buying was fast and furious...SUB's buying and shorts covering...
Great buys (including myself) thanks to the uninformed being eaten up by the informed...it closed at $5.74...those informed knew it was an excellent consolidation and buying opportunity...which made the chart only stronger....
If you want to learn how to make real money...I would suggest keeping quiet and not embarrass yourself and listen....
and perhaps even buying HTFBS newsletter to be ahead of the curve.
(ps...cheap now at $150 for the year...should probably go up to $1,500 a year which I am sure will lock you out)
lol...TIME TO LOAD UP...with any "weak hand" (and weak heads) dip...if it were to occur...
So how many SPIHF and OVRL conferences have you gone to?... What questions have you asked management at these conferences? If you answer is none...you have no basis for your "speculative" dumps on the stock, business plan.
ps..I have gone twice and heard SPIHF's and OVRl's presentation and spoken to their teams...margins are huge for SPIHF, which affords them the opportunity to reward and motivate OVRL...and results will be coming in soon for an exquisite business plan and execution...
obviously you have never read the newsletter...it recommended another disruptive tech stock and when management did not perform the Newsletter raised the yellow flag then red flag then dropped coverage... subscribers intelligent enough to listen left with good profits...I for one walked out with $100k...and have turned it into another $200k between this and another "covered" stock...so far.
If "freed up" stock was going to be liquidated...they would have started today!....they are long term holders...looking for 100's not single dollars...
This stock has a strong base 5 to 7 and many if not most on this board (via newsletter alert) came in between low $1's to $3's ...so they are going to be scared out of their stock by your rhetoric? Not a chance....
so again, you speak and make statements without knowing the facts.
Believe it would be very healthy to base here for a few days ...between $5.60-$6.00...build a nice base on this volume for next leg up through previous high...
not really answering your question...but think that could happen.
the real fun will come in when CBOE...authorizes options...
My account shows a ton of Margin (4 times my equity for daytrading)...but that is automatically reflected...(because they haven't figured out how to segregate the "concentration rule" exclusion). So I called up before I used it because I got caught in it once before. I would suggest doing the same before you use it.
ThinkorSwim, which is now part of TD Ameritrade (unfortunately)has the rule I articulated. Other brokers have similar rules but not exactly the same.
regarding: "Are you a former MM or hedge fund manager or what ? "...no
...but lets just say I have been deeply involved in all these issues over the years both from my professional involvement and former business positions with public companies.
streak..cant have two margin accounts with same broker...but can have two margin accounts with 2 different brokers...but I like my trading platform too much to switch...and would have to liquidate one of my accounts (incur taxes) to transfer funds.
Yes can transfer entire funds "in kind" (stock), but new account would have a zero basis (as far as the new broker's reporting). So you would have to "prove" your basis in old account (difficult accounting issue) and not declare gain in new account...which would prompt an Audit...to explain.
If you want a guaranteed audit...go for it!
Streak...Some of us have a Margin Dilemma Problem:
I have a gazzilion shares of XXII and I have a margin account, but cannot use it with XXII because my concentration in XXII is over 70% of my portfolio.
No margin on XXII, until I drop below 70%, then only 30% Margin. Once I get to 49.5% of value in XXII then I can get 50% margin.
The problem?...XXII keeps going up, so it continuously causes me to be over 70% of my portfolio. *
Solution?...Sell XXII until I get down to 70% of value...
Problem?...I dont want to sell ANY XXII...until it matures in price.
What Price? Way above where it is now....maybe start nibbling at $20?
LOOKING FOR LONG TERM CAPITAL GAINS...anyway...and I beefed up within the past year...selling down to 70% I would incur Ordinary Income. You say so what, sell down and get $ to buy more on Margin. Well...Now I am grossing up my $ value in XXII and will reach a margin call very quickly...and around and around you go. Only solution there is to buy OTHER Big Stock and hopes it goes up in tandem with XXII, so XXII doesn't become more than 70% again.
* Additional Problem: Even if I got to 70%...once XXII goes up I will have a margin call and would have to sell down XXII until I get to 70% again...then same problem all over again.
ps. I assume Ryboii has similar issues as do others...XXII has been too good to us...
No... they dont show "orders"...once order is filled it is a trade and they must show their "trades"...sometimes within 10 minutes of close of trading...when they adjust and balance their trades.
no, not human error...some MM wont show orders or scalp just under the ask or above the bid...more noticeable when larger spread and suddenly they step in and you see a fill in between.
Nice, a reverse dump...
Ok Princess...time for the Prediction!
she is still "in make-up" ... and will be out in a few with her "honest" prediction...bell anyone?
looks like the shorts are pulling their tails in...finding our its tough to cover...
somebody want this stock now and they seem to want it now!
Timorr...you must be dyslexic ...it was a 4.54 buy...lol
but who is counting pennies...he's up almost a clean $1...good for the spirits..
you must have a crystal ball like Pinkie...
picked up another 11,200 4.56 - 4.95...happy with partial fill.
Looks like Volatility will remain.
Jock...they sure did...and give us some more today...picked up another 9.6k...I would consider...on the cheap...
JB...That is what I recalled something over 4m shares...including Affiliate, Hal Mintz...
...so makes perfect sense that Sabby could be taking another slice off the table as they did before ...and were waiting until uplisting to go through...
...again, makes for great buying opportunity for those who understand ALL the opportunities in front of XXII.
(perhaps they are liquidating one of their funds...or a little from each)
I do not believe Sabby affilate did sell...principal of Sabby holding in own name....
when liquidating a PE never uses just one MM...they are going to give order to liquidate x number of shares by the close in a range.
Very confident that this is, to a great degree, Sabby again...they will sell down to 4.50 but they may want to to reach $5 at close ....
they will probably sell 1/2 of their position and hold the rest for next new run that plateaus ...probably 8
frankly, I am very surprised they didnt show up between 3 and 4's, but I guess they wanted the uplisting...after all, they are investors, albeit, short term ones.
didnt get enough...but still keeping order lower in case I get lucky.
...bought more at $4.56...ready for more if opportunity presents itself below...
dont quote me ...but as I recall 4M +
This could all be Sabby liquidating again...taking a good chunk of their money from 6 to 4.50...hey, why not?...they did it before...and they have the number of shares to do it.
Bet your sweet butt, they are not sitting on the side lines....but I do not believe they would drive it below here...they still have a good chunk...
ps. Remember it was Sabby who gave us that last great buying opportunity!
noted the same
Steak...my reference to "naked" short was to the MM, not investors, retail or otherwise. S.E.C prohibits naked shorting except MM intra-day to "keep orderly markets"...but they abuse it. An Exchange and broker who violates and trades on behalf of an investor without first finding the stock to borrow (and taking delivery within 3 days) in order to short is subject to sanctions. See below:
"The Securities and Exchange Commission widened its crackdown on a controversial practice known as "naked shorting" by charging the Chicago Board Options Exchange with "systemic breakdowns" in the exchange's regulatory and compliance functions.
The CBOE agreed to pay a $6 million fine and implement major reforms to settle the SEC's charges. This is the first time an exchange has been assessed a fine for violations related to its regulatory oversight role, according to the SEC. (You can read the SEC's press release here.)
The settlement follows a decision Monday by an SEC judge to fine a former Maryland banker accused by the SEC of engaging in billions of dollars in naked short trades. The Charles Schwab owned brokerage optionsXpress and its former chief financial officer were also penalized for violating laws aimed at banning naked shorting.
A naked short trade occurs when a trader sells a stock he does not own and does not intend to borrow to deliver to the buyer. An SEC rule known as Reg SHO is meant to ban the practice, which the SEC regards as abusive and harmful to markets."
http://www.cnbc.com/id/100806985