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In the last 19 trading days, we've had 35% of all shares traded shorted. Revenues are going to be strong on an early 10Q and the manipulators are out in force. Tomorrow will shine a bright light on a lot of cockroaches IMO.
May 30 32.50% NA NA NA NA 1,834,323 5,644,871
May 29 42.03% NA NA NA NA 3,110,775 7,402,168
May 25 40.83% NA NA NA NA 7,679,481 18,810,157
May 24 36.10% NA NA NA NA 8,844,544 24,498,007
May 23 33.49% NA NA NA NA 10,187,202 30,418,841
May 22 61.12% NA NA NA NA 10,643,292 17,413,987
May 21 21.84% NA NA NA NA 5,495,151 25,160,694
May 18 25.83% NA NA NA NA 6,466,579 25,030,905
May 17 32.01% NA NA NA NA 12,453,329 38,898,455
May 16 35.49% NA NA NA NA 14,791,763 41,677,915
May 15 40.12% NA NA NA NA 6,552,324 16,330,066
May 14 34.41% NA NA NA NA 12,075,051 35,086,991
May 11 38.42% NA NA NA NA 14,655,818 38,144,097
May 10 32.67% NA NA NA NA 9,219,655 28,222,825
May 09 39.41% NA NA NA NA 15,308,554 38,847,996
May 08 34.11% NA NA NA NA 11,701,795 34,308,764
May 07 26.12% NA NA NA NA 15,238,819 58,350,719
May 04 31.80% NA NA NA NA 5,210,229 16,382,443
May 03 37.26% NA NA NA NA 8,214,856 22,047,067
May 02 42.94% NA NA NA NA 9,045,821 21,067,966
May 01 32.93% NA NA NA NA 12,875,395 39,093,386
Ahh, the proverbial purveyors of panic. Not a single word in your post matches what Mr. Reid has said nor what the financials have been building toward.
What "lousy news" are you typing about, nothing has been released.
The poster who cried WOLF!
You're right. I like the OTC site because it has all those nice colors. No reading is necessary. Grin
Try this link. This is THE OTC site and it shows that ANDI is still a Pink:
http://www.otcmarkets.com/stock/andi/quote
Shorted shares were an extremely high percent the last three days. Whoever is holding this down will have to let it go at some point IMO.
May 30 100.00% NA NA NA NA 32,000 32,000
May 29 91.64% NA NA NA NA 219,300 239,300
May 25 87.08% NA NA NA NA 340,355 390,855
http://otcshortreport.com/sior
Agreed. Who knows what percent of those 150 millions shares shorted are still short. If an event, any event, gets a cover going, ANDI is going to move like Dario Franchitti, fast and hard.
One of the highest patterns of shorting I've ever seen. On one day, May 23rd, 95% of all shares traded were shorted.
In the past 19 days 149,214,271 of 212,532,344 shares traded or
over 70% were shorted.
Someone is desperately trying to hold this back IMO.
Historical Shorting
Date VolShorted High Low Close Chg ShortVol RegularVol
May 30 47.82% NA NA NA NA 4,137,784 8,652,642
May 29 57.38% NA NA NA NA 10,905,655 19,005,036
May 25 56.73% NA NA NA NA 3,416,500 6,022,489
May 24 68.57% NA NA NA NA 10,961,367 15,984,840
May 23 95.30% NA NA NA NA 12,272,000 12,877,500
May 22 64.67% NA NA NA NA 1,548,075 2,393,700
May 21 77.01% NA NA NA NA 28,102,500 36,490,754
May 18 77.97% NA NA NA NA 22,264,125 28,556,265
May 17 84.19% NA NA NA NA 372,727 442,727
May 14 0.92% NA NA NA NA 45,000 4,873,000
May 11 3.56% NA NA NA NA 100,000 2,810,000
May 10 66.91% NA NA NA NA 5,669,786 8,474,268
May 09 44.58% NA NA NA NA 565,745 1,269,080
May 08 86.28% NA NA NA NA 9,115,803 10,565,369
May 07 84.75% NA NA NA NA 9,500,661 11,209,666
May 04 55.23% NA NA NA NA 2,004,900 3,630,207
May 03 63.60% NA NA NA NA 5,517,391 8,675,000
May 01 75.02% NA NA NA NA 19,096,502 25,454,801
Apr 30 70.32% NA NA NA NA 3,617,750 5,145,000
http://otcshortreport.com/andi
OT Mods, just having some fun in off hours, thank you!
Nice to have another river rat on board.
Sixteen days from Lee's Ferry to Whitmore Wash. The side Canyons were what surprised and amazed me. Clear Creek, Elves Chasm, Nankoweap, Black Dragon, Matcatamiba, Deer Creek, Havasupai, Bridle Veil and a dozen others.
Come on WGAS, move that boat!!!
WGAS.QB according to OTC Markets.com which is the equivalent of OB.
http://www.otcmarkets.com/stock/WGAS/quote
Grand Canyon float trip pic? Ran it in 07' and loved it. WGAS earnings will fund another trip!!
You promised that KMAG would show net losses for Q1, even after earning net gains for the 4th quarter. Just over 40 hours and you'll be proven WRONG.
KMAG poster Duelittle provided this gem yesterday pertaining to growth:
Post #53162
From Me :
"I'd also like to ask You, How common place will a $4 Million Order be in the future?!...Was that last news release a Fluke
or One that you expect to be able to Repeat, and if so @ what frequency??!"
From Jeff :
"Orders of the magnitude of $4 million we anticipate to become common place based in the successes of our new solutions.
Our latest product is based on only one retailer using it; once we get it into the market we believe it will explode"
And one more day to see if you were also lying:
Plague Post #46795 May 16th
More losses coming with the next 10q I bet, even though they said they were profitable, LOL
we'll see, then you need to wait 3 more months for more losses, sounds like a fun investment!
You're spot on. The daily shorts have decreased dramatically since the ridiculous 80% on May 18th. Criminal MM's.
http://otcshortreport.com/wgas
May 29 8.87% 0.01 0.01 0.01 0.00% 145,100 1,635,432
May 25 17.96% 0.01 0.01 0.01 0.00% 301,900 1,681,400
May 24 17.11% 0.01 0.01 0.01 0.00% 280,636 1,640,272
May 23 13.24% 0.02 0.01 0.01 0.00% 132,385 1,000,165
May 22 18.30% 0.02 0.01 0.01 0.00% 195,000 1,065,332
May 21 3.04% 0.02 0.01 0.01 -50.00% 15,000 493,436
May 18 80.06% 0.02 0.01 0.02 0.00% 754,224 942,024
Yup, let the company and it's performance do the talking. There is some major disconnect from reality with those posts. You can't argue with crazy.
It does have a different "feel" today. Two 700K blocks dumped yesterday along with quite a few 1-200K jobs.
One of the hardest things to learn when dealing with these d*&*% pennies is realizing the actions of the price don't necessarily align with the the actions of the company. That is certainly the case here.
The upside of the risk to reward here is enormous.
IMO shorting depends on what parts of the day and the percentage of overall shares shorted and the intent of those shorting.
If they are really trying to create a market, fine that's legit. If they are shorting to manipulate the price down or to stall runs, not so fine. The 64% last week was a bit much IMO. Still not real trusting of the men/women behind the mask.
42% of shares shorted today.
http://otcshortreport.com/kmag
How is believing KMAG will come out early with Q1's 10 and have about 30 times the prior quarters net earnings, "blind faith"?
Name something Mr. Jeff Reid hasn't done that he has said he would do. Just one thing in which he hasn't kept his promise.
Is it the market segment you dislike? KMAG's in a rapid growth segment. Plow horse harnesses might hold some attraction.
Is it the net earnings from the last 10K you dislike? There are thousands of Pinkies to pick from that don't have net income.
You don't like Mr. Reids confidence that this Q's revenue will equal last years revenue or that he's giving shareholders the Q early? There's a bunch of Stop Signed Pinkies that don't provide so much transparency.
Is it the reduction in A/S that bother you? There are a bunch of stocks with billions and billions. Great selection.
Not a share buy back proponent? Yea, it will make shares more expensive.
It isn't "blind faith" some have here if the CEO keeps doing what he promises to do and he has so far. Call me cool aid guy because to this point, Mr. Reid is a performer. Oh and heavy on the Mr.
Well, I told you this post of yours was marked and just two more days to see if this was a complete distortion of facts:
Plague Post #46795 May 16th
More losses coming with the next 10q I bet, even though they said they were profitable, LOL
we'll see, then you need to wait 3 more months for more losses, sounds like a fun investment!
There's a famous saying concerning shorting and companies. "Good companies kill shorts" or in the accent of Achmed the puppet, "keel". Mr. Reid is obviously letting KMAG's earnings do the work of handling shorts.
Perhaps you could regale the board with tales of where it states KMAG attorneys are going to stop firms from shorting KMAG shares.
Here is a blurb from the May 10 press release you have twisted stating firmly that the firms never consummated an agreement. Please note that it says nothing with regard to KMAG attorneys dealing with "them". If the attorneys aren't dealing with them, how could they as you intimate, "be powerless":
KMAG "has received numerous questions involving false statements from M*** M** Marketing Group. In late 2009 M*** M** met with Jeffrey Reid and discussed potential business transactions. No transaction was ever consummated and M*** M** Marketing Group received a letter to confirm the cancellation of any further discussions. In October of 2010 a statement was released to the shareholders of KMAG updating the company's status and included the following disclosure.
I am aware of messages on investorshub.com to the effect that M*** M** Marketing Group has some sort of agreement with the Company to find an acquisition for the Company, and that M*** M** has been listed as the Company's "investor relations firm" under the "Company Info" tab on OTCMarkets.com. The facts are that there are no effective or pending agreements or understandings between the Company and M*** M** that either will do anything, and M*** M** is not the Company's investor relations firm - or anything else.
SIOR short report, highest percent of shorts in a day that I've ever seen. I keep track of several other junior oilers and they're all high today fwiw:
http://otcshortreport.com/sior
40% of shares shorted at one time or another today:
http://otcshortreport.com/kmag
Nice graphic. 3K isn't enough income to really grab attention. A 30 to 50 fold Q over Q increase would be.
Mere speculation of earnings becoming a reality will change some readers to owners and some short termers to longer term. It'll keep gaining momentum so long as KMAG keeps performing.
It'll be interesting to see what the new COO Scott Dixon brings to KMAG. He's been on a month and we should start seeing what he can do for growth.
Looking for a great week next week.
Have a great Holiday!
In Money Magazine today, Kansas farmers boomtown:
http://money.cnn.com/2012/05/25/pf/kansas-farmers-america-boomtown/index.htm
We must be caught up with the "Sell in May and go away" crowd exiting. What logical reason is there for this to be at this price level? Next month, we should be hearing of black gold being served by WGAS at Mustang Island from a trinity of holes and people are moving on. It's like going to the movie, watching the pre-mericals and then leaving right before the movie begins.
Buying more shares, next week!
Thanks for the background info p-O-p. So, KMAG ran for a couple of weeks upon reporting $3k net.
First Quarter revenues will be roughly the equivalent of last years revenues. The new hires won't be on payroll until Q2 so expenses should be relatively low. Potential for $1-200K in net for Q1. That would get investors attention.
VNDM = Vandham Securities out of New York. Their approach is to offer "soft dollar" trading. Wonder what they're doing trying to buy little ole' KMAG?
They specialize in "soft dollar deals" meaning they provide research or some other service, in exchange for clients using them for trading. It also means they aren't looking for small time clients, they're seeking out the whales who will provide enough money simply on trades. http://www.vandham.com/Soft-Dollar.asp
http://www.vandham.com/Research-Partners.asp
They specifically point to the use of Gray, Pinks and OTCBB markets, left hand column. http://www.vandham.com/Third-Party-Services.asp
They also point out short sales as part of their strategy:
http://www.vandham.com/aboutus.asp
Very interesting that they're bid sitting.
You are correct IRA shares can only be held in a CASH account and cannot borrow shares or be borrowed against for shorting.
We covered the fallacy of keeping your shares from being shorted with a GTC back on May 4th. Please do some reading. Here's a copy of post KMAG Board Post #40148.
Shareholders here that are putting KMAG shares up for sale to keep them from being "shorted" are "pissing in the wind". It's an old wives tale that is absolutely false.
If you have a margin account, you can borrow funds to buy more shares than your funding would normally allow. By the same token, the brokerage can borrow against your shares, EVEN IF THEY ARE UP FOR SALE. Most brokerages won't borrow against your shares unless you are actually using margin.
TD Ameritrade recently sent out documentation stating that they would notify their customers if their shares were being shorted. Their policy is typically to only short against those utilizing their margin.
If you want to absolutely lock up shares and make them unavailable for shorting against, you need a Cash Account. No shares can be borrowed from a Cash Account to short against. The negative to a Cash Account is after a trade has been completed, the funds from the trade aren't usable for three trading days or until the trade has cleared.
You didn't know that KMAG has product being sold.
You don't know what earnings are projected in 2012 by KMAG.
You don't know of the fairly recent PR's citing quality VP's hired.
Yet
You claim to own shares and you have strong opinions regarding the future of KMAG.
Pretty funny.
Solid update SparkyWells, thank you for sharing. Sounds like the new IR firm is working hand in hand with LGHS to solve about the only problem this company seems to have, share price.
KMAG Short Share report for 5/23:
http://otcshortreport.com/KMAg
If KMAG price was an engine, it wouldn't even be warmed up yet. We could run hard for days and not be overheated. The three leading indicators on the chart are all pointing firmly up but are all still very cool.
RSI is still below the 50 midpoint and far below overheated at 70 and is saying buy
The Stochastic crossed several days back, a strong positive and the three day is almost ready to move above 20 saying buy.
The Williams%R just nosed above -80 today and is saying buy.
The Keltner Channel shows us almost to the middle after touching bottom last week and the bottom line has turned up.
Bastages!! Grin.
Money Flow and Accum/Dist were beginning to move up before the last couple of days. On May 18th, we had 80%, or almost 800,000 shares shorted out of about 1 million traded and indicators trended down hard. Hope someone pays soon for their bet that WGAS has no value.
http://otcshortreport.com/wgas
Edit: Actually, I think someone shorted WGAS to move the SP down so they could load up. Very few shorts the last two days. Only 3% on Monday and 18% on Tuesday.
May 22 18.30% 0.02 0.01 0.01 0.00% 195,000 1,065,332
May 21 3.04% 0.02 0.01 0.01 -50.00% 15,000 493,436
On the NASDAQ, OTC and BB, Market Makers are supposed to keep trades going, creating what's called "making a market".
If they have a buyer and a seller both with the same amount of shares, they'll do a cross and trades shares from the buyer and seller.
Mostly though they end up holding their own inventory whenever possible because they then can make the profit on the margin between the buy and sell price.
When they have no inventory and perhaps they are already lacking shares, they will sell shares they don't have, they sell short shares to make a market. If they are already short, they try to hold the price in range so it doesn't run away from them and they end up losing money on trades. My guess is that is what happened today.
I'm gone for the evening, good luck learning this stuff.
Holdforsteak, more than 3 of every 5 shares traded today was short.
If a MM covers shorted shares, it shows up in the trade totals for the day. If the MM sits a bid and gets shares sold to them, the short is covered with a sell. If the MM for some odd reason has to buy at the ask, it shows as a buy. They have 5 days to cover shorts but can concurrently short additional shares while covering the old shorts. All this crap "while making a market".