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As hard as the trading since about 1 yesterday has been to watch, I think looking at the past few days is a good indicator of how well off we are. Just like on black friday on that dump,we still finished up for the week. Just like this week we will still be up. Well we should be. It's just good to put things in perspective when the trading appears to be in the the doldrums a bit.
If you go back to one of my posts. Institutions, Mutual Funds, and the newly formed CSA hold about 49% of the shares. Thats not including the employee stock fund which is another 5%. In essence we know of 55% of the company is being held, so not much volume will be necessary to move it.
247000 share buy at the ask. then the bid dropped. it was kind of like the MMs didnt want people to see it in the trades because they sent a bunch of 500 share blocks through to make it go down from the last 15 trades.
Well whatever it is it looks like they are trying to close us at 1.36
100,000 above the ask at 1.39. Why are people still selling at the bid.
Institutions own 75,332,666 shares for 31.1%
Mutual Funds own 13,330,785 for 5.5%
Chemtura Stockholder Alliance owns approximately 30,000,000 shares for 12.4%
Add these up and 49% is held by mutual funds and institutions, I'm considering CSA a institution for the sake of math. Once a few more institutions jump in. We will be golden.
hopefully a fake wall at 1.35 with 12 MMs
CEMJQ...was on your watchlist. It is smoking right now. This stock is a monster.
Biggest wall Ive seen yet. 10 MMs at 1.25 and down it fell almost immediately. On such low volume!
Hopefully a fake wall about to fall. 7 MMs at 1.21
EPIC Could call on ZENG. This looks poised to take off the next couple days.
Haha. Sorry. I wasn't trying to act offended. That's just something we say on my baseball team. I do accept your apology but I really was just kidding around.
I think what you wrote was awesome. The emotion driven we can get in regards to forming this EC the better.
You and Wall have done more than your fair share of work and the least the rest of us can do is send in our letters.
Thanks again JAX and I really did like what you wrote.
Why don't you tell us how you really feel?
I do partially agree with you though. He has less than $600 in here and isnt feeling the need to take the time but maybe I'll show him your post.
Wally,
The way you guys talk it seems as if those who haven't sent in letters could be left out. Is that the case? Mine have already been sent in but I have a small shareholder friend and could he be left out if he doesn't send in the letters or is this more of a thing of the more representation the better?
Even though the trading was slow today, the posting on here has been even slower. Very dead day, hopefully the calm before the storm.
ZENG looking great here.
ZENG is going to break out. L2 looks great.
It stayed the same through the big buys.
Then 4 dropped off with the small buys that went through in the last 4 minutes.
We've got 4 on the bid @1.17
4 on the ask @1.18 and another 4 @1.19
I think its going to take a spurt of heavy buying to get past this wall. We've got 8 MMs at 1.18. They have all been there for about 15 minutes. Not much shuffling around like there was earlier.
IIt was weird watching L2. There were buys that were jumping over the ask. 200,000@ 1.18 and 100,000 @ 1.19 and 1.20 When these buys when through the ask was a penny lower than the price bought at.
L2is crazy right now.
We had a fake wal @ 1.15. There were 10 MMs. All gone now. This is really moving. Thank you Victor. haha.
Thats what I thought but there are a few with offers of 5000, so I didn't quite know what to make of it.
More importantly,
We have had DOMS, JEFF, and CANT on the bid and swallowing tons of shares.
I forget why Cantor has come up before but the name sounds very familiar.
Not quite sure how I feel about this subject, but it will be interesting to see what happens. The first 10 MMs on the ask have orders in of 500. According to this site, http://www.thepennystockblog.com/signals.html , it says that they are trying to make this gap up. Again, I don't know if I buy into this line of thinking but something to look at I guess.
Also JEFF was holding this at 1.00 for about 30 minutes earlier and now its been DOMS for about the past 20. They are swallowing a ton of shares. He just got off though.
Just got back from therapy to a great surprise
We Have:
BID
ETMM-1.01
JEFF, NITE, HDSN- 1
ASK
7 MMs at 1.02
Lets hope for this to be a fake wall!
Hey. I apologize. YOu were right this time on the bearish call. I'll admit when I'm wrong. I bailed at .078 looking to get back in when this is done
And dont forget the 800 lb gorilla NITE sitting at .939. Hes usually a wall all by himself.
2@.94 1@.95 3@.97 NITE keeps switching. Hes on the ask right now.
This is going to run. MMs are dropping quickly.
And they just lined up again I typed this. We've got 6MMs at .925. Hoping for a fake wall.
EDIT: Many small block buys, (10,000-25,000) peppering the ask. Next big wall of MMs .95.
I don't get why people are saying this is dumping. They need to look at the volume the past 4 days before they can call it that.
I firmly believe we move up by the EOD and if not def. by Thursday. Bearish? hah.
1MM left at .9 1@.905 3@.91
You must be looking at a different L2. It's turned bullish after 11:30 EST.
You are right we set up for a dip this morning on L2 but we are looking to run from here.
We've got a firm base here in the .08s and what looks to possibly be a fake wall up at .085. This looks good.
Run4It:
I like your analysis people are going to buy this game, however, as a Christian you are a bit wrong. One poster mentioned that this appeals more to the Pentecostal, which is wrong. Most Christians, if not all believe that Christ will come again. Also, the debate with the Left Behind series when the books came out, my parents used to own a Christian Bookstore, was about the series of events that takes place regarding the rapture.
There are 3 main beliefs.
1) Christ will come and rapture the Christians before the tribulation
2) Christ will come and rapture the Christians during the tribulation
3) Christ will come and rapture the Christians after the tribulation
Mainline Christian thinking is choice #1 which is the position that the Left Behind books take. Because of that, many Christians will purchase these games, and hopefully many non-Christians will buy as well.
It's a t trade. It was a trade that happened earlier in the day that was posted afterhours. There are no afterhours trading on OTC. Close was at .95.
We still have 5 MMs at .90
Like the enthusiasm but you clearly did not read my post. I said they are trying to keep it from crossing. Which they are right now. So its not too late.
200k hit the ask at a dime and then they dropped it. they do not want this crossing.
800k+ at .0999
Actually...no. there are still 6 @.90
6 MMs at .90 on the ask.
Fake wall taken down a .086
We pass 9 and theres little resistance to 10 at this point. Looking very good.