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Bottom is steadily being pushed up, squeezing the trading range. The top isn't rising because we don't have any outside money coming in. But, that bottom means that we are holding and not selling. That foretells a spike when outside money comes in. The MM have been twinkling off their shares to make a market. Then it becomes a market controlled by the holders.
But it has gone from floors of 3s and 4s to mid5s and 6s. That's a pretty good gain 50-100% since the middle of June.
On news of contract or merger. Pick them up now while they're cheap.
GTSM and NITE really wanted to set the last at 58 for some reason. :/ hmmm
Level 2 is interesting. NITE, ETRF, and CTSI are at 74, 81, and 83, respectively. No one is selling.
It's called "pride in work". For professionals like Glenn, there is more to work for than greed.
Actually, I've had several speeding tickets dismissed. So, in point of fact, yes, judges do look at intent.
There is a show about a judge in Providence, RI. One can see this all of the time.
"I did not intend to speed, officer, and I have only killed one deer, never having harmed a single human being. Therefore, Judge, because I did not intend to go over the speed limit, you cannot find me guilty of such."
After being such an expert in Trading and having apointed himself as CEO since 2014, one would think the CEO would know the two business day law.
Trust dissolving and winding up affairs.
As described in the Trust’s annual and quarterly reports filed with the Securities and Exchange Commission (the “SEC”), the trust agreement governing the Trust requires the Trust to dissolve and commence winding up of its business and affairs if cash available for distribution for any four consecutive quarters, on a cumulative basis, is less than $5.0 million. As cash available for distribution for the four consecutive quarters ended December 31, 2019, on a cumulative basis, was approximately $4.392 million, the Trust commenced its winding up procedures beginning at the close of business on February 14, 2020. Accordingly, the Trustee will be required to sell all of the Trust’s assets, either by private sale or public auction, and distribute the net proceeds of the sale to the Trust unitholders after payment, or reasonable provision for payment, of all Trust liabilities
No Quarterly Distribution
SandRidge Mississippian Trust II Press Release
It's obvious that Glenn is trying to follow procedures and falling afoul of minutiae such as having his daughter input the data instead of himself.
I'm not worried when an Insider purchases about $60 or less worth of the stock and doesn't tell us in 2 days. IANAL, but, maybe, there is a clause that allows small transactions such as these to accumulated.
"All of our financials are complete including our 2nd quarter numbers which are quite impressive." - Glenn Laken on
CMG Holdings website
Where does one find an Insider Roster for OTC stocks?
Hopefully, at a profit albeit not this much profit.
He's been busy saving the company during a pandemic. Did you see those news announcements about JV and merger? THOSE are what he's been doing.
Don't you wished you had TWO shares? ;)
What do you think of announcement by the CMGO CEO on Twitter?
CEO John Campo DOESN'T DELIVER and that's all that matters.
VSYM will NEVER complete it's filings under John Campo. He's a scam artist. Look over at the NEWC board to see how he works. They have been delisted for 3 years now because he failed to do the paperwork.
fka NEWC board
The shorty who sold 500k yesterday at 62, covered today at 51. While this causes many here some trepidation, it only earned the shorty $550.
MLang, if you wonder if the stock is worth, consider this. The main opponent today made just $550, gross. If one had margin enough to trade sub-pennies, there were a lot of other places to make a lot more that in the market today. That's not bad for a hobbyist, But, given they made nothing the previous 3 days, equates to about $50k as a full-time trader. That's not pro level.
Someone is trying to manipulate this stock. But, other than upsetting us, it's not working very well, CMGO is still up over 30% in a couple weeks. If one is a technical trader, the last two weeks are just inside days for July 7th. For a manipulator, that's failure.
All of this leads me to the conclusion that the manipulator is either an algorithm in which case it doesn't care how much money it makes or this is a personal on some level.
Justice moves slow in the best of times. In this case, do you think they have "More than enough" to convict in a court of law?
That's in the best of times. The current SEC is not driven to prosecute big players. Don't know if you've noticed that Federal Prosecutors are being releaved of their posts if they irritate someont. They will when they have a slam-dunk case.
I downloaded yesterday txt file. Searched for CGMO but couldn't find anything.
I don't think bid support has been scared off. It's simply a matter that we don't have infinite money. The shorts on the other hand, have 410M shares that they can sell. While that's not infinite, it does equate to more money than we have.
Influencing the market? tl;dr Maybe, we are focused on the wrong action. I'm going back to Stock Market 101. Please don't be offended. I'm just checking assumptions.
Buying pressure increases the High for the day. In general, it doesn't increase the low for the day. The low is controlled by sellers, whether they be a holder exiting a position or shorts. If EVERYONE refuses to sell, regardless of the buying pressure or lack thereof, the price will not fall. In a natural market, holders control everything and could cause near infinite prices (How much did the Da Vinci manuscript sell for? $304M!!) In a natural market, prices won't fall unless some holder wants it to. But, we are not in a natural market. What if it's not a holder that is selling? The short sellers sell something they don't own. Which is entirely why they are allowed nee, encouraged, in the stock market. They are the ones that create an active market. A short could sell at say 6 when no holder wants to sell at that price. Yes, they are taking the gamble that the price will be lower in the future. (Longs take the same future risk.) But, without outside interest, shorts have the advantage, prices tend to fall.
In a nutshell, in the absence of buzz prices fall. ONLY when there is buzz do prices rise.
I know this is stock basics 101 but, I think the point is missed that without NEWS and NEW buyers, the LOW price won't move because the Shorts control that not the Longs. Buying pressure doesn't necessarily discourage shorts because they are simply betting that the buying pressure won't last. The big difference is that longs hold something of intrinsic value and may never be forced to act e.g. sell. Sadly, I own a couple of stocks worth only the value of the paper they are printed on. BUT, I never have to sell them. I can wait an infinite amount of time. Unlike the longs, the shorts are required to act at some time in the future.
To drive up the low, we need to discourage the shorts. The way to do that is to make it unprofitable or risky. Driving up the high of the day does neither of those things unless it breaks through the market. Moving the trading range doesn't discourage the shorts. It may actually encourage them if the trading range expands.
Historical Individual trades.
If one wanted to find a LISTING of all of the given trades on a past day, where would one find this? I know we can see the trades on the current day, but I'm looking for individual trades for 10 days ago.
Historical Individual trades.
If one wanted to find a LISTING of all of the given trades on a past day, where would one find this? I know we can see the trades on the current day, but I'm looking for individual trades for 10 days ago.
Help me understand. Is Short Trade Cover (STC) the amount of shares that were PURCHASED to cover existing shorts or is it the amount NEEDED to cover existing shorts? My confusion is that if the shorts have been 0 for the last two days, why is any amount NEEDED?
Or, is it Covered Shorts? If it is covered shorts, then Covered+Naked (1,406,434 + 821,934 = 2,228,368) is greater than the trading volume (2,100,403). Or, does STC include Naked?
StockScout1, Another zero short interest day, if I read the file right.
62 at the close. Good Job!
Are you asking me to prove he has done this?
TSLA is working for cintrix. ;)
Almost made 64. Someone slipped in the 62 in the last 10 seconds. A couple more people with standing orders would have prevented that.
19 trades until 1pm. That was probably the real trades for the day. The manipulators came in for a quick 10min and the silence until. 3PM Witching Hour. 14 Trades to fight 'em back. We ended the day and the week on a high. Only one tick but that was one tick on our side.
Now we are setup for news. In the past, Glenn gave us great news but the manipulators were in control so the news just died on the vine. Not so now. If they had them, CSTI could have hurt us with that 1M order in the upper 5s. Instead, they capped the rally.
Yeah, there was that nominal 20k@58. Woohoo, but it was just a $10 placeholder. jfran stopped that cold.
At the end of the day, they don't want to lose money either. Our efforts are making it unprofitable for them to drive it down. Now, we have a very nice bottom line established.
Play smart everyone. Let's all make some real money.
Everybody on vacation today? I miss reading your posts.
^5 jfran. I helped as I could but not even half what you did.
He won't EVER do what he's supposed to. What he will do is sucker you along and then disappear for a year.
No, it's not. And, not the week or the year after that.
Confirmed 10Q coming next week
John Campo had "his chance" twice before. The NEWC board is still active if you want to go see his 5 YEARS of failed promises. Don't believe his fake paperwork from Columbia. It's amazing what "official documents" one can buy down there.
Way to go guys. Best they could do was slip it a point to 62 at the bell.