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I am not sure its a fake wall. Hes held it there for quite a while and has soaked up a number of shares at that level. I think he will be there for a bit longer. I hope youre right though.
We also have 4 on the bid at .0006
proof or a completely opinionated statement?
haha. i was just kidding. but great news on two fronts yesterday. Perhaps I need to step away for the day more often.
Ah. Thanks. I was busy yesterday and wasnt able to watch L2. Im an idiot! :)
New MM on the bid....AFCO.
Albert Fried & Company
Founded in 1919, Albert Fried & Company established itself as a Specialist Firm on the New York Stock Exchange while Wall Street was slowly emerging as the investment capital of the world.
Since then Albert Fried & Company (AFCO) has evolved into a premier "Institutional Centric" financial services organization, providing execution and trading services, trading technology, prime brokerage & clearing, commission management and other value-added services to select buy-side and sell-side clients globally.
That is very surprising. They were constantly on the bid for weeks and thats all they did? Very strange.
Just some more confirmation in what Pilot researched. Not nearly as thorough though.
http://www.lead411.com/company_PacificapEntertainmentHoldingsInc_Litwak_366689.html
Pilot- I really like what I see with this. Speculative...yes. But it all seems to fit and could be a huge pay off in the end.
CHDN is back.
What stock are you guys talking about?
Excited for the next big pick! I have a feeling this is going to be huge.
Unless I am overlooking them CHDN is off L2...finally.
Nope. I emailed them trying to find out what their agenda was. Took a shot in the dark and didn't really expect an answer. My expectations turned out correct.
They havent traded many Q stocks or many OTC stocks for that matter. They did trade shares in LEHMQ and another Q stock if I remember correctly.
No CHDN is the one bringing this down. They have been for sometime now.
I have a question about the chart, I am trying to learn charting and think I have taken some strides towards becoming better. But what does it mean that we closed above the 20DMA but we seem to be bouncing off of our old rising trend line. That trendline instead of being a support now seems to be resistance.
Just curious if that is what has actually happened and if anyone of you chartist can shed some light on that.
Thanks and happy friday to everyone. We reversed today!
Looking at the L2 this thing has no resistance to .03. Some buying and up we go.
The only thing that makes me think this isnt over is the fact that CHDN is still just sitting down there. Perhaps their buying is over? That'd be great news.
hahah. I honestly wouldn't doubt that he does work at Chemtura, I hinted at working at Castle Metals in a previous post one summer, and some of those workers were much less intelligent than chemic. The things that went on there were unbelievable. I almost got my head taken off by an overhead crane because the operator forgot he was supposed to honk the crane bell. That coupled with many other things, including workers watching por* during lunch breaks led me to realize, I want a real job. Not that all factory jobs are bad, or workers are non intelligent, but this place was the dumps.
haha the only thing thats kept me in here is you big boys with over a million shares holding. I have a measly 25000 but for a college student that was everything I can afford. so while I was up to around 40k on the last peak and now have dropped to well 25k and it means a ton to me, i couldnt ever imagine having the swings you guys are. Steel cajones I guess. haha
Wasnt there a 2,000,000 share buy on our runup? what price was that at? in the 1.30s?
That is interesting. I did not see that before. Should I email her and ask?
Yeah. They've been on the bid almost all day. I've seen NITE jump over them a couple times and they quickly jump as well.
Yep ive held my shares since .04 so I've seen this all happen before.....unfortunately
Something I was just looking at is when we had our last run up to 1.14, it occurred when SVP was buying.
Take a look at it SVP bought between Sept. 10th and Oct. 5th. They did not buy shares from 9/16 to 9/20. And appear to have resumed their buying on the 21st, the trading day after the dump on that Friday. So we were walking up, most likely because they were buying, they stopped and we hit a peak a couple days later and then they waiting for us to fall back into their range and we started moving again.
Perhaps this is the same thing that happened here, we ran too much and now they are bringing it back down to get filled. While there are a number of indicators that a fund started buying (due to CHDN's emergence), perhaps this is another thing we can look at.
We are about to touch the trendline and the 20DMA, so lets see what happens. 11 MMs here at 1.10.
EDIT: Now theres 6 @1.09. This is getting to be a bit much. No volume and they keep moving it down
Did you get filled on the rest of that 11k order?
Same thing when I worked at Castle Metals. That factory was dirty as can be and when the Execs. came in, well it look pretty clean. People were working (not the usual there), things were painted it looked great.
Haha. I remember one time there was a surprise appearance by one of them and they had me and my partner quickly sweep the path that they were going to take them through the warehouse. A tad ridiculous if you ask me but I am sure it happens everywhere.
If I recall you are an employee correct? hows the general feel? as strong as it is on this board.
This is really setting up beautifully. We just have to wait and soon enough we will be seeing our next pop. There 20 DMA is at about 1.05 and my trendline is at about 1.08. Once those catch up by the end of this week or sometime next week, we could see or next leg. But who knows. Of course if CHDN decides they are done buying, we will move up even faster.
BOTTOM LINE: we will move up and erase those 1.48 highs.
ZENG!
SK: I think it was referring to how many letters the received on that particular day.
do you use zecco?
Zecco.
Has anyone else not gotten the Fwd Split shares? I bought on 10/7/ so I held them long enough to get my shares, just wondering where they are.
I really couldnt tell you. I am not a big fan of predicting short term prices.
Looking at the L2 movement, I think its pretty clear that its being held down for CHDN
CHDN is brand new. They traded no shares of CEMJQ in Sept. BTIG traded a bit more than 5 mil. in Sept. The link is in a past post of mine. It incorporates buys and sells by the MMs.
I just found this on another board and really serves no purpose yet. But it will be interesting to see how many shares are new market maker friend CHDN have traded. They report at the end of every month but they traded no shares in Sept. Or year to date for CEMJQ, so it will be interesting to see how involved they are now. It probably wont help us out in the grand scheme of things but oh well. Its interesting because CHDN doesn't seem to be all that active in the US markets, so I think its good that they are starting in CEMJQ.
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=mp&Issue=chdn&SortBy=volume&Month=9-1-2009&IMAGE1.x=0&IMAGE1.y=0
Also if you have ever doubted the power of NITE look at how many companies they are market making for. 161 pages of 50 companies.
I havent located CEMJQ yet but Im looking.
http://www.otcbb.com/asp/tradeact_mv.asp?Issue=NITE&SortBy=volume&SearchBy=mp&Month=9-1-2009&MultRow=True&PageCount=161&NEW_PAGE=1&x=0&y=0
Here is a list of all the MMs and there trading activity in CEMJQ
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=cemjq&SortBy=volume&Month=9-1-2009&IMAGE1.x=0&IMAGE1.y=0
Yeah..just look at SVP. No real huge purchases, just slow accumulation with an occasional big buy, and then it came out they had 20 million shares. So that could very well be the case here as well.
I'd be ok with that. If an institution is loading up here, by all means keep it here until they've had their fill. hah