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.
This is actually kind of fun tonight. Bring it on!!! Next!!
Hmmm...except for the letter saying that they have no beef with SPNG or their accounting practices. Try another angle.
Just found this...SPNG is in the 10 top-searched symbols on the foxbusiness website. Hit the link below and go to the right side, about half way down in the Fox Translator. Hit the "most searched symbols" tab. Look at the company we are in, FWIW.
Interesting. Should rock today.
http://www.foxbusiness.com/index.html
I'll take a stab at it. The SHO listing occurs when short sales have failed to deliver (or failed to obtain borrowed shares required for a short sale), which is naked short selling by definition. The SEC now requires (since last year) the brokers who had the short sales to cover the "failed to deliver" shares within a certain period of time. If there is a significant number of FTD shares, the result of the forced covering is a short squeeze. The magnitude of the short squeeze is dependent on the number of shares that failed to deliver. Most of us here think there's a huge naked short position, mostly from last year before the new rule went into effect.
Hope that helps. And I have TD Ameritrade, so I can't help with the scottrade question. GLTY
OTCBB.com puts both trades at 1629 and 1633 hours. T-trades like this happen all the time. They were trades that did happen during trading hours but were posted late. There's all sorts of theories why these occur, and most likely none of the theories are correct. All IMO, of course.
I'm not entirely sure...NASD would be a good guess. They're industry-wide numbers, posted twice a month. The link that was posted earlier shows what I saw before (shortsqueeze.com)...Other than checking a bunch of different sources, I don't really have a good answer for you. Sorry
http://www.shortsqueeze.com/?symbol=spng&submit=Short+Quote%99
I pulled it up the other day and it was at 500,000 or so shares for the 7/24 reported figures. When I pulled it up on Sunday, it had the repeat figures from earlier in the month. I think it's a glitch. I believe the 500,000 (ish) that was in there the first time is correct.
There's a couple of extra characters when you pull it up straight from the link. Remove those so it just shows "SPNG" in the symbol box and it will work...
If that's the case, major MOASS in the works. We'll certainly know when that happens!!
p.s. - Thanks for the reply..
Just thinking out loud here. Is there a chance that the current SHO cover order would trigger a forced cover of all the previous FTD's? They were on the SHO list pretty solid last August and September, but I doubt all these were ever covered. Or does the current order just cover the current FTD's?
The SHO listing is interesting...I don't know enough about all the mechanisms that bump up the FTD numbers, but would a bunch of margin calls due to the share price increase cause this? If that's the case, there could be a massive squeeze. But I'm just speculating since I don't know all the ins and outs of FTD's. Just a thought...Any ideas?
Thanks for the info. It would be nice if that data was available daily, but I guess we'll take what they give us.
And thanks for your past insight into TA with an astrology twist (forgive me if that's not what it's called). Never heard of anyone using the two in combination...you might just be on to something!!
SPNG is set to rock and roll today...things are definitely falling into place.
Well, maybe it wasn't that interesting...just a frequent poster here with an interesting statement about shorting.
But if you say it with conviction, and over and over and over and over, it's gotta be true, right? Maybe not.
Ok, guess I'd like to see proof then. Anybody got any proof of the OS at 2.2 billion? If so, I'd really really really really like to see it (said with conviction and repetition, of course).
Chart looks good...SAR finally turned, MACD crossed over, and GG gave birth (or something). What's not to like.
yep...need some oomph to get over the .126 level. Then it's up to .13, like GG said.
Yep, me too. Chart looks good, so let's see some more green tomorrow.
I know how you feel...pinkies and BB stocks are a completely different animal!! It truly is the wild west down here in the muck!! SPNG seems to be many times less mucky than the rest, though IMO. But out of the muck there is the occasional diamond. Most of us (or at least some of us) on here believe SPNG might just be that one. GLTY
Here's one that's trying it now...Puda Coal. Reincorporating and completing a reverse split to get there.
Hopefully the link will work...I'm not saying that's what SPNG is going to do, just that it does happen. Just my two cents.
Edit: The link didn't work...I'll try pasting in the PR:
Puda Coal Announces Plans to Reincorporate to Delaware and Complete Reverse Stock Split
--TAIYUAN,
TAIYUAN, Shanxi, China, July 8, 2009 /PRNewswire-Asia-FirstCall via COMTEX/ -- Puda Coal, Inc. (OTC Bulletin Board: PUDC) ("Puda Coal" or the "Company"), a supplier of China's high grade metallurgical coking coal used to make coke for the purposes of steel manufacturing, today announced that it will reincorporate from Florida to Delaware and convert shares of the Florida company's common stock into shares of the Delaware company's common stock at a 7-to-1 ratio.
On July 1, 2009, the requisite majority of shareholders of Puda Coal approved a Plan of Conversion in written consent whereby Puda Coal will reincorporate from the State of Florida to the State of Delaware on or about July 31, 2009. Pursuant to the Plan of Conversion, each issued and outstanding share of common stock, par value $0.001 per share, of the Florida-incorporated Company will automatically convert into 0.142857 issued and outstanding share of common stock, par value $0.001 per share, of the Delaware-incorporated Company. No fractional shares will be issued in connection with the conversion; instead, Puda Coal will round up the fractional share to the nearest whole number. Because of the round-up treatment, no smaller shareholders will be "freezed out" as a result of the 7-to-1 conversion. For more information about the Plan of Conversion, please see the Form 8-K filed with the US Securities and Exchange Commission on July 7, 2009.
In connection with the reincorporation, the Company will be governed by the corporate laws of Delaware. The reincorporation will neither change the trading status of Puda Coal's common stock nor modify any of the Company's material contracts with any third parties.
"The reincorporation to Delaware and the reverse stock split represent strategic steps in our near-term goal to list our stock on a senior stock exchange and reduce our legal costs in the long term," said Mr. Liping Zhu, President and CEO of Puda Coal, Inc. "We strongly believe these actions are in the best interests of the Company and its shareholders. We look forward to communicating additional details concerning our pursuit of a stock exchange upgrade."
About Puda Coal, Inc.
Puda Coal, through its subsidiaries, supplies premium grade coking coal to the steel making industry in China for use in making coke. The Company currently possesses 3.5 million metric tons of annual coking coal cleaning capacity. Shanxi Province provides 20-25% of China's coal output and supplies nearly 50% of China's coke. For more information, please visit http://www.pudacoalinc.com/
I absolutely agree. And I like the timing of the fake OS count...If this information was so incredibly important, why wait over a month to post it? Unless you want to throw some FUD into an almost certain uptrend, that is. Lame, Lame, Lame!!!
This week will be interesting, folks. By the way, I read a lot, but don't post a whole lot...
Hi. Here's what I see with SPNG...
I break stocks down into time frames. My short time frame covers the next 2-4 weeks, where technicals and news (significant news, either good or bad) rule the land, with fundamentals weighted less. My long time frame looks forward about six months, where I look at fundamentals weighted much more than news and technicals (in that order). Then I weigh intangibles / potential upside and downside to both of these after my analysis.
My short term view is this:
After the stock peaked and sharply sold off, technicals show it in a consolidation with a relatively slow downward trend. BUT there was (IMO) significant news about sales released during this time. I think the news prevented the downtrend from being worse (steeper). I see this bouncing a small amount (to .15 or .16) followed by a downturn possibly bouncing off the 200 dma (in the absence of significant news of course!!). The intangibles are that this is a BB stock (better info than a pink sheet, but not nearly as predictible as the big boards), and the increase in AS, which I don't know how to interpret at this point. Fundamentals are very good, but the share structure uncertainty is troubling. There is also concern about the manipulation theories going around, but all OTC stocks have these. And there's the possible uplisting as well. With BB stocks, I don't factor uplistings in until there is an SEC filing.
After this bounces off its bottom, it may very well run up again in the next month after that.
Long term:
Fundamentals are strong, and when the share structure thing gets straightened out, I see the fundamentals driving the stock price up (assuming sales and earnings keep progressing). How far will it go up? Nobody knows. That's where the short term analysis comes into play, for those of you who lean toward trades.
I don't day trade, so that's why I focus on the 2-4 week short term. I use a number of technical indicators combined with wave analysis. For those wavers out there, this stock really seems to follow the wave theory.
All my opionion, of course. I may or may not be wrong. By the way, I don't post much but do read a lot.
Now, let's see this thing get through this period and jump back up!!
No problem. I edited my post with another link...
Give this one a try...I don't see spng on it for today.
http://www.nasdaqtrader.com/Trader.aspx?id=RegSHOThreshold
Edit: You can also look at Pinksheets...
http://pinksheets.com/pink/quote/quote.jsp?symbol=spng
Hit the short interest tab...Hope this helps.
I'm not a negative one, so I got nothin....
YES!!! You've now passed skeptic math 101. Congrats!!
To those who sent the PM's, thanks. I agree. I'm cheap, so I have a free account.
Thanks Firebag...I'll try to be careful. I've been following this for a couple months, bought in a few weeks ago. Looks like it's ready to rumble. I actually looked at it when it was in the trips...wish I would have bought it then. Good luck to you.
Hi everyone. I'm new to the board, but have been following along for quite a while, just don't post much.
Many many green flags here, especially after the CC!! In fact so many green flags that there's a red flag on the end, making the whole bunch kind of an olive color. Now I'm just confused. What do I do with OLIVE! Guess I'll just start drinking.
BOLT All...
Later
Here's one...this was one of the ones from before. I'm still looking.
http://www.brightbeginningschildren.com/index.html
Edit: Here's the other one located before.
http://www.tippietoeschildcare.com/enrichment.html
Thanks. I'll try it.
You're most likely right...searching by name or text is at best hit and miss on patent applications (probably more like needle in a haystack!!). I have managed to find applications by this process in the past, but it may have been more by luck than anything. Thanks for the analysis.
Edit: This is the site I've been trying:
http://patft.uspto.gov/
Doh!!! You're right. I guess it was the exact same name and address that threw me off. Or the massive cranial / rectal inversion. One of the two.
Who'd have thought?!!!
I've tried the patent databases under Clayton Young, securenetview, kinderview, ulysses, Bob Beverly, etc., and have not found any applications (at least as of last week).
And for those of you searching for kinderview, I found both the links I posted on Yahoo search, but came up empty on Google, for what that's worth. It's kind of tedious because you have to discount the zillions of hits you get from early in the company's history (tons of stuff from 1999-2005).
But it's a start.
And another bright beginnings daycare...
http://www.brightbeginningschildren.com/
Here's another one. I couldn't find a date anywhere on the website, but it looks like it just opened. They also don't talk too much about Kinderview, so this is limited information.
http://www.tippietoeschildcare.com/enrichment.html
My crystal ball says, "You will see great fortunes in the months ahead. Thanks for eating at the Panda King." Oh wait, that was my fortune cookie (my usual stock predictor). The crystal ball says the selling might actually be over for a short time.
At least the T/A numbers match what the company says. I don't remember that being the case in the past.
224,000. Still holding and holding and holding and holding...BTW thanks for doing another share count for us.