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Morning all. I have a feeling today could be a very good day.
Tomorrow we start a new week. I hate to be a pessimist here but with the SEC allowing the level of manipulation we have seen with this stock it's hard to be positive. Hockeyguy provided clear proof on Friday that the MM's were going to do everything in there power including ignoring buy orders to keep the share price down. Then we see Friday evening that almost 50% of Friday's trades were shorts. It's clear to me the MM's are going to do everything possible to take this stock down. How low only they know. And the sad news is I don't see anything we can do about it. Perhaps news but we had back to back news earlier in May and it still was held down. It should be criminal but appears the SEC isn't interested. Sad that this can occur.
Friday shorts were 47%. Unreal.
CBAI|11755856|25282692|O
I'm curious why you say that? If true, we might not get an announcement. Mr Long, do you have a view of this as it affects CBAI? I'm for sure not an insurance person.
There is always the hope the MM's will want to cover some of there shorts before the weekend?
I think most of the MM's have already gone home. Everyone have a nice Memorial Day weekend. And lets hope they get that well capped.
I'm just guessing but I think the MM's are having a hard time finding sellers at this level. We were down to .0062 earlier this week so it's unlikely they will trip many stop losses at these levels.
Pretty sure. It becomes effective that day so I would assume that is when they will PR it.
That is funny. Is the market open all day today?
That brings up a question. Does the short volume only show trades where the MM sold shares he doesn't own yet or does it include shares he bought to cover?
The point is they didn't fill the order immediately but sat on it.
They shouldn't be. Fill out a SEC complaint form. Can't hurt. The key is how many people are willing to sell at these prices. That's the only thing that will stop them. If we can hold the 7's today that should be good for Tuesday's news.
I think that is proof the MM's are manipulating this stock. They didn't want the price to go to .0080 so basically ignored your bid. Unreal.
I've kind of thought the same thing but ETMM has been sitting on the bid/ask for over a month now. If these guys have any sense they better cover today before the announcement Tuesday regarding Medicare reimbursements. They are trying hard to take it down.
Interesting. Very strange trading this morning. I think that tells me they don't want it to go up and are trying to keep it down. Let us know if you fill. Who is your MM?
Of course I knew it. That's why I said he hadn't entered the picture yet. Today could get real interesting.
And there comes ETMM. I think he is our primary shorter now.
Interesting L2 this morning. But ETMM hasn't entered the picture yet.
Hmmm. Nite has moved up to .008 on the ask. Might be some strong volume coming in this morning.
The next quarterly report is going to reflect a much better picture for CBAI. The 1st quarter numbers only had about a week of Stellacure revenue. The 2nd quarter will have a full quarter and I expect our year to year revenue to grow at least 50%. Also, Rain was almost nothing in 2Q09 so will no longer cause our growth to be hurt by that. I don't know how many people read the 10Q that came out recently but they took the hit for the purchase of Stellacure all in 1Q, $820K. That's good for us as now it won't linger on the balance sheet and hit every quarter. Good luck to all today. As I posted last night the MM's are still shorting this stock. We need to make them pay.
Good. I expect the Medicare PR Tuesday, the effective date.
I didn't watch the video but did he say anything about the new Medicare/Medicaid cord blood policy or did he save that for another PR?
I sent them a complaint. It won't do any good but I did it.
Short volume was 33% today. Unreal. Again I remind you what would the share price had been without the MM's selling 13.9M shares again today they don't own yet.
CBAI|13938921|42682183|O
I'll tell you one thing for sure Pittman, the MM's didn't sell all those shares they don't own yet expecting this stock to keep going up. Friday is normally short covering day. I'll be interested in how many shorts were sold today. We have a chance to have a very good day tomorrow IMO.
The volume has dried up since just before lunch. The MM's are having a problem finding sellers which is why the pps is staying strong or going up. When will the MM's feel they have to cover is the question here.
Market Makers. The people that trade stocks when you buy or sell. But they buy and sell too sometimes.
The Bids are stacking up. If we got the news about Medicare we could maybe get a short squeeze. The MM's should be worried IMO.
If you read my post last night the percent of sells and unknown yesterday was 11%. So the number of sells was probably 5% or 6%. The MM's know the only chance they have to take care of there short position is dilution related to the Tangiers S1. Matt is not going to do anything to help them out IMO. They will be screwed and are probably getting concerned. Especially if two or more MM's have been shorting.
Sponge, I don't know the answer to the question of what happens if a customer stops paying the monthly storage charge. There is no doubt bad debt expense will go up with this model but it's priced to cover that looking at the monthly charge if you pick that option. As for what happens to the cord blood and if it has value, I'm sure that is covered in the details but I haven't seen the details yet.
Morning all. All I know is Matt knows very well he's under a heavy short attack. 20M shares yesterday or 35% of volume. You can imagine what the PPS would have done yesterday if those 20M shares would have had to be bought from people who actually owned them. Mr Long recently disclosed the change in medicare/medicaid. That becomes effective June 1 which is next Tuesday. I would look for another PR stating what a big deal that is for CBAI. Could be today, Friday, or next Tuesday. Matt will do all he can to cause a short squeeze so we'll see what happens. There is zero question Matt wants his share price as high as possible. Good luck today.
I'm not an expert on shorting but am learning fast. Below is the volume of shorts by day for the last five trading days. A total of 57M shares. I think at least two MM's are shorting this stock and it could be three. At some point they have to buy these shares. As I understand it they have thirteen days to cover or it goes on the Failure to Deliver list. A little more good news and these guys could be in trouble. All we need is some more strong buying.
Thursday 19M
Friday 8M
Monday 4M
Tuesday 5M
Today 21M
Total 57M
The short volume today was 35%. Unreal. And if you add the buys which were 54% from Ihub, then only 11% of todays volume were sells or unknown. We need volume tomorrow but a lot of longs on this stock.
CBAI|20976822|59249176|O
Thanks Booger. I'm sure I wasn't the only one with that idea. I'm really anxious to see what the short interest was today. If it was high then you can bet the MM's are going to try to take us back down. We need large volume again tomorrow.
More than likely the MM's are selling shares into this run so the shorting probably continues. We need a lot of volume to cause s short squeeze. The key here is Stock Analyzer who is following this stock and if he alerts it today or maybe tomorrow, then the strong volume will come in and we're off to the races. Not saying it can't happen without him, but it certainly would happen with him on board.
I show the bid at .0065. If Stock Analyzer alerts it we're off to the races. He runs the largest penny stock chat room on the net. Good luck to all today. We need to smile again.
Yea, especially if you alert it. We could cause a short squeeze with your help for sure.
And if you saw my earlier post I expect our revenue to go up at least 50% in 2Q10 over 2Q09. And each quarter after that the precentage goes up even more. Each 10Q will be better than the previous from now on.
Yes. I said it wrong. But it doesn't change my opinion that Matt is somehow involved. Not at all. In fact he hired Buyins.net to try to stop it.
I agree. Our stock is being shorted, not under a short squeeze. Someone needs to create a short squeeze website where stocks that have been heavily shorted are bought heavily to create a short squeeze. Given enough buying power you could cause that it seems. Shareholders need a way to screw the MM's for a change instead of them screwing us.