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It has done a Fib 50% retracement so far. The bottom could be in, but I wouldn't bet on it. It could hit high 11's before it's done falling. I say that because the volume has been increasing last couple of days and that usually indicates weak hands are getting weaker.
chart does not show that it has ended.
What do you say about my chart reading now?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=93381932
I guess we will see if your right or Bodach...my bet is on B
Can't say I didn't tell you so.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=93381932
Dude, I hate to say this, but this ship looks to have sailed.
A hammer candle today.
We have a two day bullish formation. We have a two day matching low pattern, plus today's candle is a hammer which often times indicates a bottom has been hammered out. Yesterday and today, all prices below .0038 were rejected. We could still consolidate around this area, but most likely a bottom is in. Prices wanna go higher.
First let me get another million or so, hopefully under .003.
:o)
As far as what happened today, it was a normal pullback. We did a little more than a .618 Fib retracement. It could consolidate some or it might take off again. But, I don't think it will dip any lower than today's low due to the strength of the recovery. This could have easily closed flat. No worries here, this is a strong stock.
There are no shorts in this stock. All daily sells are classified as short sales until they clear in about 3 days. At that time, the cusip number sent by your brokerage account tells the clearing house whether the sale was a short or a regular sell. Look at the sell numbers from iHub today and compare them to that misleading OTC short report. Look at the question volume and add about half to iHub numbers.
http://otcshortreport.com/index.php?index=neca&action=view#.UnA6qvkjKCJ
http://ih.advfn.com/p.php?pid=trades&symbol=neca
Shows 0 short interest.
http://www.otcmarkets.com/stock/NECA/short-sales
http://www.nasdaq.com/symbol/neca/short-interest
I agree, doesn't seem to be a lot between the ears, does there? I'm long here, but man, way too much pumping. That could scare legit longs away.
What's your story? You here to save us? Seems like there is one on every board. Takes all kinds.
I have told you there are no shorts in this stock. In Sept. there were 9000 shares short, that's all. This month there are none.
That OTC short report is total sales for the day. I have explained to you that all sells are considered short sales until they clear at which time the code sent to the clearing house determines the actual regular sells and actual sharts. For accurate short count there are several accurate sites that show short positions or shorted shares for any stock updated every two weeks. Is that so hard to understand?
If you compare numbers on that OTC short report to that of iHub sales for the day, you will see they are usually very close to the same. Saying that's the case, then why does the iHub site call them sells and not shorts? The OTC short report is actually correct in calling them short sales because, again, ALL SELLS ARE CONSIDERED SHORT SALES UNTIL THEY CLEAR AT WHICH TIME IT IS DETERMINED WHETHER OR NOT THEY ARE NORMAL SELLS OR SHORTS. 99.9% of penny stocks are sells and not shorts. The link below is from OTC markets. Why does it say 0 shorts in this stock if there are so many shorts as you seem to think.
You need to stop blaming shorts for something that they are not involved in. The sells here are disgusted longs bailing on stock that the CEO continues to talk out his can and shows no action or proof other than a silly blog to back up any statements made. I'm starting to think either this guy is really sick or just one of the dumbest individuals to ever lead a public company. His actions have done nothing but hurt share holders and this stock.
http://www.otcmarkets.com/stock/HHSE/short-sales
Not one good reason? Have you looked at a daily chart? I can think of thousands of reasons to buy some NECA. Everyone of those reasons have pictures of American presidents on them.
I have, I think you have missed the point. Blow hard pumpers are the first to dump, get my meaning?
Great projects and looks like good business
What are the great projects? I thought they were a mining company and the latest news says they wanna open title loan businesses. What are the mining revenues, if any?
NECA will run multi penny next week.
No offense, but those are big words. Are you just a huge pumper or are you willing to post your reasoning on the above statement?
No, I did not lose money here. But this CEO, Richard, screwed a lot of people. You may think things are different, but...
Maybe no change for now, but you know this crooked CEO loves to dilute. That's what drove this down to the trips to begin with. He likes to pay expenses with shareholder money.
Next week will be great.... I hope, LOL..
What you do not understand is that every sell is considered a short sale until they clear about 3 days later. When you put in an order to short any stock, your broker has to borrow those shares. The cusip number contains the info that tells the clearing house whether the sale was a short or a regular sell. All short sale info is sent to that stocks exchange where it is kept track of.
Now to prove my point, look at the actual numbers of shorts on that report. It is 4,404,000 shorts, right? But they are just normal sells. Now look at iHub numbers. What were the sell numbers from today? They were 4,439,000, close enough to call exact. Some iHub numbers that sell in between the bid and the ask can end up on either the buy or sell list. I will post links to back up this post.
http://ih.advfn.com/p.php?pid=trades&symbol=NB%5ENECA
http://otcshortreport.com/index.php?index=NECA&action=view#.Umr2T_kjKCJ
The next two links prove there are no shorts in this stock.
http://www.otcmarkets.com/stock/NECA/short-sales
http://www.nasdaq.com/symbol/neca/short-interest
Here's a link to a very accurate site that says there are 13K shares short. Almost nothing.
http://shortsqueeze.com/?symbol=neca&submit=Short+Quote%99
There are no shorts in this stock, I've proved that. But, that doesn't mean I'm always right either. It just means I'm always stubborn in my opinion.
I would love it if you were right. Shorts covering could drive this low floater to the moon.
Monday should be good, but no gaps!! They always get filled and cause a big drop from higher prices. Most traders know that.
Please, no gaps. They always get filled.
The news is always very good. I continue to hold my shares but it is getting more painful every day. We need that audit. By the way it sounded, the firm they hired to come in and audit was a part time thing and towards the end it was a no time thing. I hope they hire this new accountant soon and GET THE DAMN AUDIT DONE AND OVER WITH. Once that happens we will break to new highs.
Low outstanding and low float too. Insiders own a big chunk of this stock. It's up 78% today on 5.6 million shares traded. That proves the share count has to be low.
I have also been around awhile. It doesn't matter if it is an offshore account, they still have to use our system, our M&M's and clearing houses so there is no difference. The shares still have to clear. If they wanna short our stocks they must borrow the shares from someone.
As far as the $2 per share collateral, I can't see any broker that would risk shorting any penny stock for less than that. If you are not charged at least that amount and you short a penny stock that skyrockets, you will lose your butt. If you do not have the cash to cover then that puts the broker holding the bag and they will not do that. You can think what you want, but I have sat at the bar several times with my friend who worked as an M&M with CINN and he filled me in on a lot of details. The room where they trade is like a war room, it is guarded and only trading personnel are allowed in.
Anyway, I've said all I am on the subject. I posted two links that show 0 short interest and they are updated every two weeks.
Now, I just wanted to say that I bought in today at .0035.
Go NECA, the low float will take us higher and higher!!
Go to each day and add up the short positions for that day and you will get a real view of what is happening. And yes it is accumulative. Remember, these are FAILS-TO-DELIVER! They do not show up on the short sale list!!!
I'm not sure you are figuring this short stuff out correctly. I knew a Nasdaq market maker after he retired and he filled me in on a lot of facts and goings on. He worked for CINN. First of all, every sell order is considered a short sale until the cusip number is cleared in about three market days after the sell takes place. That number tells the clearing house if the shares were borrowed or not. The clearing house then sends the info to Nasdaq or what ever exchange that stock trades on. That is because only your broker knows if your sell order is a sell or a short. The M&M's only see a sell order, not a short order. The reason is because the broker must legally borrow the needed short shares and then he puts them up as a normal sell order.
I'm not sure what that OTC short report is, but there are entities, including OTC that keep accurate short numbers on every stock, see links. There is currently 0 short interest in NECA.
Anyone figuring differently is just flat wrong. It is hard to short a penny stock. It costs at least $2 a share and up collateral for each share shorted. Not many people willing to part with that kind of risk money on a penny stock. Also, short interest is published every two weeks and not every month like it used to be.
Market makers them selves can naked short any stock that there are not enough available shares due to high demand but they must keep accurate records and cover those shares when buy volume subsides and they can start buying back shorted shares.
Again, there is no short interest in this stock.
There is no short position in this stock. There are two very reliable sites that follow short positions. See links below.
http://www.otcmarkets.com/stock/NECA/short-sales
http://www.nasdaq.com/symbol/neca/short-interest
I see you've been around a long time. Keep reading charts, it takes a lot of practice and no one is right every time, not even me.
That post was not my opinion. I just do the math and read the charts. The stock must break above .1745 today and close above that in order to continue upward. But, the stock is putting in a major top and probably will not close over today's high. It could take several days for NTEK to retrace to .13 or lower. The numbers are in the charts and the Fibs.
NTEK is in the process of putting in a major top. The run started at .091 and ended today at .1745. A 50% Fib pullback takes this back to .132, and a .618 Fib retracement takes this back to .123.
Watch for a newswire release this afternoon covering a long-term agreement signed between Hannover House and VUDU (the Walmart-owned streaming site).
They already announced that partnership in Sept.
http://finance.yahoo.com/news/hannover-house-pacts-vudu-v-185000709.html
They are self sufficient and I believe are much more likely to buy back stock then to sell more.
I can see by your totals that you haven't been around very long. As far as this company buying back shares, aint gonna happen!
Pink sheet companies rarely buy back shares. Instead they dilute and then reverse split. No incentive for them to buy back shares. They could care less about the share holder, they just proved that. Also, they are chinkneese, and they pretty much wanna steal all they can.
I know, I bought in today and lost about $1400. Talk about timing. This isn't the first time I have gotten burned same day. It's so hard to make any money in such a dishonest market.
I just emailed them to ask if they will list on the pinks.
No, they would have said that. Read this:
The co is eligible to deregister its common stock because it has fewer than 300 stockholders of record. Accordingly, the co intends to file on or about November 1, 2013 a Form 25 with the Securities and Exchange Commission to voluntarily delist its common stock from the NYSE MKT and to deregister its common stock from Section 12(b) of the Exchange Act.
They said they were going dark. That means no trading on any exchange. They can do so because they had less than 300 share holders.
I don't think so, they are going dark.
I'm not sure you guys are figuring this short stuff out correctly. I knew a Nasdaq market maker after he retired and he filled me in on a lot of facts and goings on. He worked for CINN. First of all, every sell order is considered a short sale until the cusip number is cleared in about three market days after the sell takes place. That number tells the clearing house if the shares were borrowed or not. The clearing house then sends the info to Nasdaq or what ever exchange that stock trades on. That is because only your broker knows if your sell order is a sell or a short. The M&M's only see a sell order, not a short order. The reason is because the broker must legally borrow the needed short shares and then he puts them up as a normal sell order.
I'm not sure what that OTC short report is, but there are entities, including OTC that keep accurate short numbers on every stock, see links. There is currently 0 short interest in HHSE. Anyone figuring differently is just flat wrong. It is hard to short a penny stock. It costs at least $2 a share and up collateral for each share shorted. Not many people willing to part with that kind of risk money on a penny stock.
Market makers them selves can naked short any stock that there are not enough available shares due to high demand but they must keep accurate records and cover those shares when buy volume subsides and they can start buying back shorted shares.
http://www.otcmarkets.com/stock/HHSE/short-sales
http://www.nasdaq.com/symbol/hhse/short-interest
It looked like it was gonna roll over so I sold soon after the bell. Looking to reenter later.
I think it was your girlfriend that snuck on this board late one night and told us how short you are. I told her I could understand her frustration.
:o)
It is running for the gap. $2.25 is the first target, but it could pull back before that, or not. Time will tell.