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TSSP and PMED look good though I like the Accum/Dist characteristics of PMED more. A better defined uptrend with TSSP is in place than PMED at the moment.
Much better buying volume today
Well - I guess that is a nice attempt at a bid boosting P.R.
Looks like we will consolidate in the .0020 - .0022 area which is good. Sets base for next advance
Newtrader - Thanks, none taken. My concern is the A/D line, it is still showing distribution (selling). That needs to turn up for the trend to gather more strength and momentum. The last 2 days have shown good positive opening volume, which quickly gets hit with sells.
It went off as red on my screen, so I interpreted it as a sell vs. a buy
doesn't work that way unless you are doing small amounts. MM's won't give it to you that way
How do you call that at buy when it was at the bid?
Well that was a nice little 5mm share dump to get us red. Was that UBSS again?
3.4 billion down, 346 BILLION to go.....
The spread is ridiculous 1.31 x 1.75
Mass run for the exits
Can't change the stripes on the cat, the Insurance companies will do their best to screw over those that lost their homes. They are all about taking your premiums and figuring out ways to not pay.
It happened 4 years ago after the fires, and unfortunately it will happen again
Jim-v - For the most part I would say yes. There were 5 trades of 2.5mm or more. Most registered black the rest red. Red is definitely selling, black I don't know. Just from watching the price and how volume was moving against it, your largest volume changes occurred at the bid.
The opening 15-20min this morning was definitely positive volume.
Technically I think we are still good, because we closed on an uptick to .0021 AND the upward trend is still intact because we still managed to close at a higher low.
Lots of volume at the bid today
Man what carnage. Thought things were going to be great with the 8-k filing; what happened?
you left out watching snail races
JakJak - I can't find the site that you are referring to that tracks buys vs. sells. I will tell you that the one indicator that has not turned positive yet is the Accum/Distr. line which is the truest indicator of what is going on behind the curtain so to speak.
Once that indicator turns positive, our uptrends will have sustaining momentum, which is not the case at the moment.
brute - thx on that point. I am out of posts for today, you may hear from me tomorrow.
As each day passes, more shares are being traded which only makes the delivery commitment through the T/A that much more challenging since folks are buying the shares that are being sold that are not registered.
Like mine.....
Brute - By doing the 50,000 - 1 reverse split, you create the artificial value for the new CPPC stock. For all intensive purposes it could still be QBID stock for that matter.
Initially, CPPC shares were valued at $5.00 per share on 10/05/07. Obviously, anyone who sold that day was not going to get that price. Nonetheless, a playground has been built to allow open selling into this to attempt to get maximum return on this new U.S. shell. The challenge with them, is that they have to be discreet until they get enough fish into the barrel.
The pump P.R.'s are designed to trick niave buyers into this and from those, they will sell.
Brute - One other thing; the WAS SOS has filings in place correct? If so, that would indicate that shares should be delivered to the brokerage accounts? The question is when, correct?
Could there be a default and failure to deliver by Cinemax on these shares to the common???
Brute - To your point about the transferred shares to brokerage accounts, I at the moment, a current victim of this situation.
I sold my shares the next day after the conversion, not knowing that the DTCC has not received transfer shares. Bet you can't guess what I am currently dealing with at the moment??
brute - One other thing; the 25MM preferred is probably the key to the $31MM that you have been referring to. The Preferred convert into some ratio of common and that will also contribute to the dilution going forward with CPPC.
brute force - Thanks, kind of what I summized as to what is going on. So within the covenants of this agreement is a share price that will allow Able to sell stock in the open market. I wouldn't be surprised if it is around where we are currently trading at. I don't know how we can figure that out, especialy with a Canadian company. It's hard enough with U.S. based ones that typcially get involved with Cornell. The lower it goes, the more shares that Able will dump into it since their is a factoring mechanism that increases the amount of shares relative to the price.
Able will have this structured to allow them to get the bridge financing funds back quickly and then have what we longs call "free shares" to dump into the market and hence their ability to get massive returns for their clients.
There is also a time lockup period before they can commence their activity, which gives the insiders time to dump as well.
There isn't much volume at the moment, but soon it should pick up with slow decreases in price. They probably will have some kickback schemes in place with the MM's so they can get their cut to keep the price as high for as long as possible.
Since I am writing a "calling out post" anyone want to bet to see how long this post stays out there before it is deleted??
I doubt 3's tomorrow, but slow and steady through the 2's
I've had to come back to the board and figure out what the heck is going on with this scam stock. The Able Group has been brought on for financiing of the upcoming pictures for Cinemax.
What is the history with respect to financing deals? If they are like Cornell, then I know what it is and it involves stock. Are they similar?
IN fact as many have probably done, there is finally an ihub board established today with one post, and what does he post..."hey, what's up with the stock?"
I just went and looked at GBNW. That shows what is SO wrong with this market. No news, nothing but a MM scam move period. Some folks appear to have been tipped off on this and you had 60k shares purchased at 11:00 a.m., and another 110k just after 2:00. There was NO follow through volume to drive the price to at one point $4!!
No one who didn't have inside knowledge would have caught this move with technical indicators.
The only technical indicator that has not turned positive is the Accum/Dist line. What I have found though that is positive regarding this is that for the last 5 days the indicator IS positive. That confirms what JakJak posted regarding UBSS and the companies dilution.
They may well in fact be over.
Does their quarter close on Oct. 31st or did it close in September?
thx
Etrade
I still show my QBID's as well. I sold my cppc on the 5th, and I am being told that I have a short position until the Transfer Agent delivers the shares.
Why does my gut tell me that I am smelling a rat here???
Has anyone sold their CPPC shares after conversion, and then been told that they have a short position?
Must be some good news tomorrow
There we go; only took 4 hours to put me in a bad mood with this stock!!!!!!!!!
Now I feel better, company acting like it has in the past.
Sounds just like what was said on Friday, and the Friday before that, and the Friday before that, and the Friday before that.
I use Etrade and SIMU is recognized as the symbol. No volume or course, but it is there.
And not a single share traded..
TSSP on the move +23% .0021
well that makes me feel better.