Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Lol she should have done what this guy did... Would have proven to be a much cooler video...
Oh I'm sorry stinky stock boy... what did he tell you?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37569136
Hey moe speeks what ever happened with the SEC and your website? tia
ie did they ask you for more info? did they ever come back to do more dd on SPNG... what happened?
Ha I'm not worried about the near term... lol and I don't have enough shares to worry about this position anyways...
I hear ya on the market correction though... and I think this might send ripples through the nasdaq tmr...
I think the overall market is needing a correction and getting one...
To be honest I'm very worried about the market... hence the reason I have little exposure to equities.. I am happy with my profits from the bottom, and would rather not lose a chunk, which is very possible imo...
I have the sinking feeling we are going to get a double dip
Lions fan Fail.... Possible win for the guy in the white stripped polo shirt at 1:58??? you decide...
ha ya that's a better way of explaining it... the ponzi scheme of FTD's lmao
Lol that's like saying...
well there were a string of bank robberies... but they got some of the money back from the first robbery... and hope to get more...
this isn't normal action Janice... It is malicious... and as if someone is gaming the system.
The SEC gives the person who creates the FTD a time frame..
First they get T+3
ok some might not be able to meet that for legit concerns... Many of which are very old and no longer an issue but none the less, they give you another buffer...
5 days...
once that 5 day buffer is over... they give you 13 days to deliver the shares... and if it is above a level the stock goes Reg sho...
Now that 13 day period is the important one... within that time period the FTD has to be rectified... period or the individual is forced to buy in...
Now SPNG has been on the list longer than 13 days.... Meaning someone or some group some how is gaming the system... and doing more than just say 5 million fails at once... new fails are being created... not only are they failing to deliver but they are also doing the same thing more than once....
I think I understand your point very well.. see my recent reply to happy.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41863168
I think what she is trying to say is that FTD's are normal which they are... and because she assumes the OS is really higher... this normal activity is causing the reg sho listing...
The issue is FTD's are normal. However FTD's that go beyond the T+3 period are not normal... and further FTD's can't go beyond the 13 days on the reg sho... So really this isn't normal behavior.
It's confusing as many assume this is a right given so it is a normal act... and they assume it then wouldn't be detected if the OS was higher... however the act is not normal if they aren't delivering their shares in T+3 ...
What is worse than finding a worm in your apple??? that's right finding half a worm in your apple...
FML Gonna go puke now... and wash my mouth out with some alcohol...
you are missing my point...
first these fails have to fail for an extended period of time... it makes no difference how high or low the threshold is...
It is a system put in place to stop people from gaming the system...
And further this is not the first time or the second time this has taken place... but the third time...
very odd huh???
Why would someone be trying to game the system so often?
no a FTD first has to not be delivered for T+3 and the 5 more days... and then if it is enough to hit the threshold it causes the stock to go sho...
And at that point the FTD is flagged and the individual or market maker who created the fail has 13 days to cover or deliver the share...
Like I said I am aware of individuals who got out, in and out again...
Further you have to remember this is a traders stock... people were buying and selling and buying and selling all day...
1 million shares could easily generate 5-10 million shares in volume with all of the traders and flippers... So what appears to be 500 million could be 50-100...
I do not understand your point...
yes but a the clock starts new for every FTD...
Just because a FTD is in the system doesn't mean the stock is going to show up reg sho...
and further just because a new FTD is created doesn't mean the stock will remain on the reg sho list...
So for example lets say I am a market maker and I need to create a FTD because there isn't enough liquidity... and the stock is about to go off the reg sho list... me doing this so long as I haven't violated T+3 will not cause the stock to stay on Reg sho..
Further, this is a very rare and obscure case that rarely ever happens... the MM's don't create FTD's which they can't cover... And the liquidity is clearly not an issue, there are enough shares to go around... without need of the MM's creating shares..
There is nothing I don't understand about your statement. I just thought it was important to note it was on the list prior to this time as well..
and I am aware of individuals who sold, bought and sold again...
So what's the point about 500 million shares?
someone could have gotten in and out of the stock 10 times for all we know...
but for 44 days? a FTD created by a mm is covered in T +3
I don't understand where they are coming from...
I'm not trying to twist anything, just pointing out that it's been reg sho prior to this period.
start clicking back on the reg sho history from here... (go to short interest and it is listed as sho history... go to page 5 and further)
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=SPNGE
RE: "SPNG did not hit the SHO list in 2009 until late July"
I must have missed it what was the reason you suggested that there are Fails to deliver? I know what you believe causes the threshold to be larger or smaller and that you don't think it's the market makers naked shorting to fill orders...
So what does that leave us with. Tia
ha I was nearly going to sell at 87... but I didn't lol oh well..
I think the AH market was brutal lol... But they will get over it... and the smart phone world will live on...
Ok well then where do the FTD's come from...
I understand how FTD's are formed... however where do you think they are from?
Do you find it odd that SPNG has been on REG sho?
And further that there has been any short interest what so ever...
And even further that the short interest does not cause a reg sho listing.. which leads us to go back to how the reg sho listing came about...
Any ideas on why the stock has been sho what I think I counted 3 times.
That doesn't answer my question...
why does selling stock cause a REG sho listing?
EDIT A simpler question but similar question is how does a company issuing stock cause FTD's
if that's the case, why isn't every pink sheet and OTCBB stock that sells stock on the REG sho list?
so I guess we should just wait and see huh? I mean clearly there isn't much we can do in the mean time is there?
RE: "For the sake of argument, this stock could end up on the SHO list if the o/s is much higher than the company claims."
please explain how, and further how you know that to be the case.
huh? You don't have to buy to go short...
And if the stock is going to go down... and you are pretty sure it's going to go down to what 2 cents? isn't that the logical trade??
lol we shall see...
Ha well clearly the health insurance industry and sector has been taking a weird hit... A public option will slowly put them (the insurance companies) out of business and even if it doesn't the stocks will tank... as they won't profit any longer, the government doesn't want them too...
But this isn't a health insurance company... they are a broker if you will... An online broker..
http://www.ehealthinsurance.com/
It's like when we changed from having a stock broker to an online broker like e-trade or scottrade...
Ok yes but there has to be a play... you don't think that going short would be smart?... I mean you have your doubts. clearly if your theory is right it'd be smart to take on a short position wouldn't it? And at least then you could profit off the stock as you wait couldn't you? rather than let this opportunity go by...
how do you know soo much about this guy??
When I called him and asked him about it, he hung up on me...
So there is no play to make money short or long in your view? tia
so great. What's the trade to make money on it then? and are you going to play that trade? tia
ya love this play... No matter what happens with health care they win IMHO... Great way to play health care...
Nice call.
great if you don't like how they act or what they are doing, you are more then welcome to act upon that. ie sell or go short.
it is not productive to only speculate... imo I mean what do we get out of coming up with a theory if we don't act? Other than wasting our time....
Now it would appear by your theory that it is a good short...
if you weren't aware there are 800,000 shares you can short at interactive brokers...
http://www.interactivebrokers.com/en/trading/ViewShortableStocks.php?key=spnge&cntry=usa&tag=United+States&ib_entity=llc&ln=
hope that helps good luck to ya
When do mutual funds report their holdings?
further there are institutional investors as well, can you speak to their reporting requirements.. tia
and it isn't necessarily a bad thing.. what's your point...
many business deals are broken up every day... that doesn't prove anything... one way or the other.
considering the fact that people are saying the world is going to end in terms of the SPNG stock I think it's holding up rather well...
I mean if you look at the dollar volume and the retail share holders running for the exits...
Oh but I'm sure you will say retail is buying.. or naive investors roped in by penny promoters...
But if that's the case, where is retail getting 10's of millions of dollars??? I'm sorry but if the penny stock guys can rope in this much money, on the negative news we have in SPNG why isn't every penny stock worth a dollar right now that is getting these email alerts?
and further why are mutual funds now buying millions of shares as well? Don't they do DD?