waiting game.
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9's on ask
8's up
UT, 2 @ & on Bid, 3 at 8 on Ask
Short Activity
20100330|MDIN|17,503,043|58,639,591|O
29% short today. Not bad considering we were in the 40's for the last run. Shorts may be less confident for pending news tomorrow!
They have released a PR on Wednesday the last two weeks in a row...here is to hoping a SEC filling + PR comes
I'm concerned that they are going to waste money on a buyback and I say waste because there is absolutely no guarantee of a buyback building investor confidence. Invest the money in the company and the PPS will improve as the company does.
hasta la pasta
6.1 miln buys vs 41 miln sells...but ask is holding. (28 trades today)
BIZBROKERSCHOOL.com rank has gone up to 7,937,087 from 15 million in Alexa rankings.
In comparison the #1 result for "business broker" on Google is ranked 236,795
MDIN - Short Activity
Date|Symbol|ShortVolume|TotalVolume|Market
20100329|MDIN|36,059,216|196,181,250|O
Short down to 18%! Looks like they are preparing for another run as well.
So there is a bit of talk about a run-up pattern. I think its important to note that the run-up was mostly on promises and a 8K filling is a little more concrete about operations.
I'd also be expecting a name change for the company to reflect current operations.
I'm confused by this as well. Sell their US position? They just bought their US position in January..
I pretty much assume most people who say they buy at Ask, buy at bid. Most people who say they are holding just say that so they can sell their shares before you.
Money does not equal morals :P
They are on the ask at .0007, so they should be selling for that...
1 miln at askm, hasn't been filled
Yeah I dunno what's going on. My chart is still messed up on etrade.
I've got an order in at ask to double my position...waiting for fill. Something tells me Wednesday is going to be the day to watch. That is what the previous two PRs came out.
ONCP hit bottom today. .0001
If news comes, I'll add tomorrow. If not I have some other day plays and I'll add up later in the week.
Most of my dreams involve drowning in DD ;)
I suppose I would need to learn Mandarin :P
I'm going off their balance sheet which is much better than anything SITG has.
If you are proposing that the entire merger is a sham, well that's quite a tall order. A con-artist/scammer wants to pull the scam off....not do something so blatantly obvious as to get them in deep trouble with the SEC. I'm a person of principle, if they actually did something like that; I would sue them if the SEC didn't and I have the resources to wait them out :P
Well like I said, fillings make things official. That will build a lot of confidence in investors.
Sanhe is an excellent company with a proven track record of success. SITG is not. There are certainly exceptions to this but SITG just sounds like another "as seen on TV" product that gets relegated to an "as seen on TV" shop in a run down mall 5 years from now. Sanhe does not operate the same way SITG does or will.
Yes, I think SITG may net them quite a bit of money but its not by any means going to be the base of this company.
Sanhe + SITG = 6-12 month long term investment
Sanhe + SITG + Steel company = 2+ years investment
I think once they file the documents with the SEC confirming a merger you will see a recovery of the PPS and these days will be behind.
imo SKGO will be a long term company when they file the appropriate forms with the SEC to confirm the merger and establish a new direction of the company. Until then, my stock certificates are staying where they can readily be handed off if necessary.
No offense, I want to stop shorting as much as the next guy but unless I was a long term investor in a STABLE company, if such a term can be applied to the OTC.....there is no way I would feel comfortable having that long of a lag time to be able to sell.
I mean once the 7s fall they are going to go to 8 lol.
Pinksheets and OTCBB are having problems today. All the MM's dropped off the bid this morning and not all made it back.
In all fairness the OTCBB and pinksheets are having technical errors. Several brokers are unable to place orders.
I had an order at ask for a stock and other orders were being filled at bid.. and mine sat there all day.
Date|Symbol|ShortVolume|TotalVolume|Market
20100326|MDIN|4,500,000|115,860,154|O
38% short today, down from 45.
I don't know about you but if someone is going to sell me their shares on the bid....well. Thanks. :P
I would just be happy if they reduced the authorized shares. Assuming the outstanding isn't close to the A/S
I'm not sure whats up, very strange indeed. My chart from etrade is all kinds of messed up as well. It shows the current price at .178
I don't understand why there are no buys and only sells. Especially since people have posted their 7 orders aren't being filled?
5 miln buys vs 37 miln sells.
=(
I wouldn't be trying to trade during technical errors. Yes your orders may be filling but you may find an unpleasant adjustment when everything goes back online.
Yes I think you are right. I'm looking at a stock that always has big volume and we trade more.
It almost looks like some of the MM's are disconnected and the only thing getting through are retail trades. Man that would be fun if everyone realized that at once haha. MM free friday ;)
SLow moving today. Looks like we are going to sleep until some news.....
It happened around pink sheets.