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It's just the actual docs that Butler was referring to when they posted the last Q. The market already fully digested that on our last trip down, and IMO, the market stupidly over-reacted to what it stupidly perceived as an unremarkable Q. IMO, the reason we are going up right now is the market realized how badly it misread it, along with anticipation of news, of course.
14 cents today. not bad atall;)
brikk, what's the close?
honey you! are my shining star, don't you go away.
thank you. btw, how do you arrive at 1.40 as being so significant? tia.
roger that.
by "lose it," i assume you mean taxed as profit?
amen to that. i wonder if any of all that money that fled the dow today will find its way over here . . . hmmmmm.
sage, as you can see, i loan my boat out alot! i must say, you're quite the DD hound!
welcome again zeyank! clay's the guy for you with the charts! brikk's the guy for you with the market makers (MM), and their manipulations (MMM)!
welcome aboard clay! great to have you!;)
true, yet another reason this quarter could look much better than last.
your point about running out the budget may be true, but it's more valid in government, where leftover budget money puts you in the crosshairs for a budget cut the following year. however, the same principal may hold true interdepartmentally in big firms, where individual departments don't want to show leftover cash for fear of being cut the following year. i think what drives most private sector end of year spending is the desire to not pay taxes, and instead spend that money on business expenses that can be written off on taxes. jmho. which ever reason you choose, it is safe to say that the oil industry does not slow down for the holidays.
then surely we prepared you well . . . ;)
as Sam and Dave would say, "Hold on I'm coming!" Seriously, with each passing day, i would think chances are better by eow rather than eoy, jmho.
sounds like it's my ship, no? lol;)
nice. keep it up.
mk
good to have you here.
I sure miss days like, oh, Oct. 6th or so. Looking at your chart, what a day that was. Maybe we'll get one of those again soon. Maybe tomorrow. Who knows. BTW, was that a PR day, or just a regular great day like ddi normally produces when it gets going?
--nevermind, i went back and checked. Oct. 5 was a 3 PR day!
thanks ickyy. i was wondering more about what the resistance would be after actually surpassing 2 again.
Brikk, I especially like these numbers from your last link:
Price and Volume Performance
30 Day Percent Change -39.18
50 Day Percent Change 47.50
100 Day Percent Change 78.79
200 Day Percent Change 353.85
Ytd Percent Change 490.00
As for all the bottom, support, resistance and gap talk, you know what I really want to know? What's the resistance going to be when this thing shoots back up to 2 bucks. Now that is an interesting topic;)
skid, i agree. as for last year and rig, that was then and this is now. imo, we're in a different mindset, not to mention a different oil market. and speaking of rig, look what it did this week in relation to oil. roughly speaking, oil dropped about 10 and rig gained about 10. we both agree there's still room for more of that.
Brikk, great stuff from you, as usual. If I'm hearing you right, we'll likely uplist around the next acquisition after Mako. As for my "doomsday scenario," I think your characterization of my tongue-in-cheek post is a bit harsh, though I'm sure you're being tongue-in-cheek too. As for MMs, I don't begrudge them making money. But the manipulations they've been accused of on this board, by you and everyone else, doesn't leave them in an exactly innocent light. If institutional investment has brought this stock beyond their ability to manipulate it, great. If they can't turn a few simple downticks into something that appears to be more than it really is, great. If they can, some would define that as unethical if not criminal -- not just them making money. I don't even claim to know. That's why I ask ignorant questions that get taken the wrong way. And if all they really are doing is just making money, then I'm sure they don't want to lose the stock to a bigger board (which is all I was attempting to say). Maybe they don't care, and they'll just have another one take our place. They won't have me as an investor though. I'm sticking with this one.
i'll go out on a limb here and guess that the MMs will do everything they can to prevent us from uplisting!
thanks brikk. great post, too.
chev, do you know whether we would have to remain above 3 for a certain period of time -- a certain average? or do we just have to hit it once? tia.
thanks chev. i knew one of you guys were on top of the uplist issue, i just couldn't remember who! thanks again.
skid, i agree with you to a point. where i disagree is with your blanket statement that this sector will retreat along with oil prices. as i have stated ad nauseum, and it sounds like you agree, oil is so high that even a good sized retreat won't discourage exploration. even if oil retreats to $70, that is still mega profit for this sector. imo, if that happened, everyone would benefit, and inflation and recession would be averted, and the whole economy would be buoyed higher. you might cook out some speculation in that event, but fundamentally the sector would still be on fire.
Uplist please! Lead us not into temptation, and deliver us from this evil, amen! I know some folks have put us some good posts about what it takes for us to uplist, but I haven't heard much on the fundamentals of that in awhile. Brikk, what is your take on a possible uplisting in our near future? Do we have all the variables in place to do so? With this management team and the goals they have set, I know this must be one of their important short term goals. Meeting that goal would obviously, tremendously help with their long term goals. Is it yet within our reach?
excellent post. i wish it could be condensed and placed in the ibox!lol
agreed
yw. i think that may explain the main reason why this pullback has been so deep. after reading brikk's post, it's plausible that when we jumped from .70 to 2.00 it hurt some MMs. and when the momo stopped, they needed to bring it back this far to recoup losses. once that momo stopped, they helped the stampede downward every chance they could. i say this because to me it seems they could have found a healthy equilibrium with good volume for them to make their buy/sell fees at around 1.70 or so. we had great play and volume at that stage, but yet here we are today. the only thing that makes sense is they got caught with their shorts way out in the breeze on the run up. i think they've settled in this 1.25-1.35 area because this is simply how low it had to go for them to recoup. i think whatever MMM is going on now is a) catering for their cronnies, and b) positioning themselves for the next inevitible run up. perhaps next time, they won't be so shorted and they will leave us alone up there. hell, maybe some of the will have long positions next time. would't that be great, having MMs wanting to manipulate it higher in order to cover! none of us would bitch about that kind of manipulation. That's probably a rare thing, since MMs can't control PRs and such to drive it higher . . . as opposed to the control they can exert to force it lower. i'm sure i'll get whacked in here for being a cheerleader, ignoramus, etc., and i know my analysis (if you care to even call it that) is neither FA nor TA. but i think the above explains why were at our current PPS better than some supposed bad earnings report or someone's ominous chart with 80000 lines, wedges, candles and ju ju beads (i still can't figure out how so many people can believe their charting theories apply in such an inefficient, overtly manipulated marketplace like the one we're all in here together)! Take care of yourselves, and take care of each other.
MK
brikk posted this excellent piece awhile back. i thought it was time to dust it off. maybe i'm even a bit late . . .
OT: Weekly Thoughts: Learn How to Play the Game: Invest Wisely and Trade Smartly
The savvy long-term investors never chase stocks up. For the most part that is
momentum players and daytraders where most of it or what follows is dumb
money. Instead the long-term investors use a couple of simple strategies in
order to position themselves. One is to find a stock no one immediately sees
has huge potential and accumulate. Long-term investors are not interested in
trading against the public mind or the dumb money. That's where the majority
of the money can be made but even more can be made if the base of a stock is
held extremely strong by investors. However the second is not to doubt the
research which is the underlying basis for going long and holding.
More and more investors are winning the game nowadays despite all bashers that
float through the Internet that has become part of the game. Floor traders of
market makers often watch CNBC, news wires and bulletin boards in order to
follow the market during trading session. OTC BB market makers (MMs) don't use
fundamental and technical analysis. However, what they do realize is a lot of
dumb money does use this newest nitch charting or TA (Technical Analysis) to
run a stock either up or down. To the MMs this is like taking candy from a
baby. Simply they will paint the tape and use whatever tactic to affect the
charting bands. Thus the public and dumb money they will have eating out of
their hands. Effectively the MMs can show a strong stock growing weak by
manipulating the close price in order to generate selling volume, delaying
trading time to manipulate trading activities, or even stalling the ask
without honoring orders to hold a stock price.
MMs follow a simple code of business when making a market in a stock
especially an OTC BB. That is the level that stocks will seek that yields the
most volume. Now this is very important because they make money on the volume
buying at the bid and selling at the ask. In other words, by making the market
they are buying low and selling high. Now smart money adheres to that rule, so
do all the market makers. They could careless whether the stock is at $83 or
at $0.23. All they care about is the action thus being able to sell stock at
the offer (The high) and buy stock at the bid (The low). To increase their
profitability, they make the spread as great as possible on as many shares as
they can especially if the volume falls off.
When they have mostly all "buy" orders, that's not the price that's going to
yield the most volume. They need both buy and sells to get the maximum action.
Remember, MMs play the volume. If the volume decreases and there are mostly
Buys that become a one way volume, Buy volume. So what they do is let the
stock run up to a price where it runs out of steam. They fill all the buy
orders there that they can and then comes the pullback one way or another
naturally or induced. During the pull back they can buy tons of shares and
flip them to those averaging down or trying to catch the bounce. At some
price, the stock will be relatively stable and yield the most volume. Now that
is the average price you will see
The average price is the point where a stock seeks a level where MMs can
profit on the most volume. So during the day that is the price that MMs and
momentum/day traders want to see the stock at. Why? Because they know the
public and dumb money was chasing the price thing up. Most of the time, the
MMs love a flurry of Market Orders which is a dead sign of an artificial run
or momentum. Merely it is money in the bank for them. Most get hung in a
momentum or day trade or by the tactics of Market makers, who are in the
business to screw the public every chance they get and the NASD is not going
to do anything about it. They are merely making the market liquid is there
reasoning.
The market makers have created an added complication to the OTCBB's chaos of
the already volatile intra-day price movements created by dumb money, momentum
and day-traders. MMs can not relate to long-term holders in the OTC BB. That
makes absolutely no sense what so ever. They feel a large percentage of trades
in the OTC BB market consist of short-term or day-trades, MMs merely view the
barrage of buy and sell orders as relatively neutral to the market. How they
figure it is when the average dumb money buys shares in a company, the MMs
feel or rather know with some certainty it is very likely that dumb money will
want to sell back those shares relatively quick on the slightest drop.
Now somewhat comfortable with this logic the MMs merely short sells into the
buying and attempts to take the stock down in an effort to "shake out" the
weak. Since it is tough to know for sure whether a move is the beginning of a
trend, or a routine shake out, this type of deception works quite well for the
MMs. What the long-termers do to a stock is surprise the MMs because instead
of falling the shorting has no effect and the price goes up. Now that puts the
MM at selling low through shorting and thus having to buy high in order to
cover.
Boy, when this happens, the MMs are not very happy campers. The investors and
traders are supposed to be doing that no them. Now it becomes time to pull out
every trick and tactic in the book in order to attempt to get a Bear Raid at
every dollar mark or percent from where the stock started. Could be a penny in
smaller priced securities? What MMs do is give you a chance to make a small
amount of money for your momentum and day trading style by shorting it at
these levels and trying to get a bear raid each time. Each failure is
compounding the MMs short position so they let it go to the next level. Now
come more deliberate tactics MMs use to coerce Bear Raid or panic selling.
Once the MM is caught short and the strength of the buy is overpowering the MM
will want to cover his short position. So the MMs call up one of his friendly
MMs and says some like "the weather is sure rough today." The MM along with
the other "friendly MM initiates a down tick about the same time. Now this can
also be done with a certain amount of shares such as an infamous 100 shares
flag. This down tick gives the illusion of weakness designed to hopefully
begin the bear raid of selling. The fickle, fearful, day trader, momentum and
short term begin to sell out allowing the MM to cover his short position at
lower prices. They will move it down quickly to get it to a price of least
financial damage. Problem they have is long-term investors in the OTC BB. They
start accumulating and buying comes flying in when they take it too far thus
the MMs took it to the point of volume again and not only investors the other
MMs step in the make money on the spread.
Alas the poor MM does not get to cover. Now comes various tactics like
stalling, boxing, or even locking the Bid and Ask for a while.
Of course, MMs aggressively deny any sort of collusion designed to fix quotes
or spreads, but a recent SEC investigation tells another story.
MMs have a vast resource of tactics and it would take probably more than my
lifetime to figure them all out.
So how do investors somehow manage to overcome the obvious deception in OTCBB
arena? One answer is indirection trading style by going long which the MMs do
not expect. In the war between investors and public companies on the OTC BB vs
the MMs, if the MMs have all the advantages due to position or other factors,
direct confrontation such as momentum or day trading hitting the stock is a
definite death sentence.
However, an indirect approach tends to weaken the path of least resistance
before slowly overcoming it. The most effective way is long-term investors
slowly accumulating and holding thus drawing the MMs out of its defenses
making them as naked as their short position. This is war so this slow
accumulation and holding for the long term easily achieves the desired effect
to force MMs to cover and knock off the tactics or bury themselves deeper.
The MMs when caught will especially use every trick and tactic in the book to
get a Bear Raid thus playing on the individual fear of most people. The MMs
feel they have information and position advantages over the investors as long
as the holding of the stock is in weak hands or short term holders. Since they
are OTC BB MMs who believe all OTCBB companies are not worth investing and
management is ineffective regardless what is happening within the company.
Furthermore, MMs know they are in the position to impose a great deal of
influence in OTC BB stocks trading when it suits their needs.
This inherent power of position enables the MMs to move the markets at any
time up or down. As a result, the only way to draw them out of their favorable
position is going long. Now this does not mean just any company but to
effectively nail the MMs, Longs must find the great company on the floor and
accumulate long before the MM tactics and games begin.
who knows? maybe we are underestimating demand for Proteus . . . or maybe it is relatively limited to subsea applications. certainly the idea (and therefore the patent?) could be extended to other applications.
tothe, we've been speculating for awhile now that Proteus could have many applications like the one you mentioned, helicopter loadings, etc. someone awhile back put it this way: it's possible that it can have applications anywhere there is a terminal end to a cable where movement must be compensated for. imagine that.
pardon this ignorant question, but can anyone other than MMs have a short position in DPDW?
whatever happened to psychobilly??
(mk scans the bar, notices pb passed out in a corner);)
Hi all. Just checking in and my old clunker show us at 1.29. I'm 15 minutes behind you guys. Did they gap us down or did they walk us down this morning? Are we coming up yet?
HOD close too! AJ, i know you're a candle reader, so tell us what today's candle means. Looking back, it seems we rose after that kind of candle. . . but i only see what i want;) looks like a fuse!
thanks. very nice locustsuc!