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I know I watch a lot of oil stocks and they are all red maybe because of that article about Saudi? I do know that gap is there and I would rather it fill now than later get everything behind us so we can get back up where we belong.
I wish short selling didn't exist I hate what it does to stocks. Makes it hard on people who have stocks in a retirement portfolio and have the stop loss triggered it can be costly. I am riding it out so I am buckled up for the ride
The gap is going to fill and I wish it would fill today so we can put that behind us. Technically gaps always fill it is at 3.76. When it gaps up it seems to be short sellers causing it and seems to throw a chart off balance.
Once this is done we should turn around and head back up. JMHO I believe we will be fine, I only wish I would have sold at 7 and averaged down.
Thank you so much for the information I appreciate it and your knowledge on this stock makes me feel much better. I bought this at 2.30 heard a lot of bad news and bailed at 2.20. I decided this time I would wait it out. I wish I would have flipped and got in lower too. Many are in @ the 7+ range I am in at 6 and feel safe here.
I bought UPL before earnings I knew it would probably go into bk but I like to gamble I only bought a few hundred shares at .40 it dropped to .13 that stock is so shorted and it will emerge with value to shareholders now they must cover. Wish I would have bought at 13 its at 40 now a week later. If anyone thinks a company is in trouble they will short it into the ground makes me sick what they do.
I'm not listening to them at all just like to hear what others are saying. What is your take on the article about Saudi? That is the only thing that concerns me at this point. I know this stock will be fine as soon as the dust settles and articles stop spreading doom
Me Too! You should hear the message board on yahoo calling for 10 & 15 a barrel oil which is scary with the Saudi news. Then all of this mess they are screaming BK all over there must be a lot of shorts on that board. Not sure how to take the news just yet you can't trust anything you read these days.
Take a look at why they had to drive it down when we got better than expected report on earnings
http://nakedshortreport.com/index.php?index=CHK
May 06 43.67%
May 05 63.00%
They did cover some of the short but still have a ways to go and they will do whatever it takes to drop this. All they need to do is sell low to trigger it. God I hope it backfires on them Monday!
"Jim Cramer marked the sixth anniversary of the Flash Crash with a stark reality check nothing has changed." This is very interesting and shows in the beginning the short sellers running the stock of P&G back 6 years ago. The SEC needs to start regulating this before we have a crash again.
http://finance.yahoo.com/video/cramer-memo-sec-start-doing-221500534.html
Thank you for that information. I did miss it and that is great news! One question maybe you can help me with. I like using charts and honestly see we are sitting on support right now not going by moving averages just lines of support. With that said I see a gap at 3.76 I know they usually fill what are your thoughts on this?
Steve Wynn has had enough!
http://www.apppro.net/index.htm
I agree there is a gap in that area that needs to fill. After that is done I believe it will recover back to the level it belongs in the 6 to 7 range.
You too Axle. Good Luck!
Neither have I but some people do it daily sometimes they get caught but usually they do quiet well at it especially if they have the power that the hedge funds have. Like damage control today with the article it will be brutal Monday with more stop losses, it will recover but who knows how long it will take.
Honestly it does happen all the time I have been caught in it more than once. It can be brutal the ones who buy at high prices end up selling at a loss and the shorts cover therefore you just handed them the money you lost. It should not be legal today was complete manipulation at its finest
Let me try to explain this to you. If the stock starts rises they could call the shorts to cover when the good ER and oil was up they got worried put out an article causing the nose dive. Do you follow that?
Next people begin to sell on this news price starts falling People not machine set stop losses so if the stock starts to fall it triggers a sell at a certain price not a machine but the computer does trigger this. Does this make sense because it happens all the time?
In fact groups that trade will go around pumping stock for people to buy and they know that stock will not hold they sell to you short when the stock begins to fall they cover go to stocktwits and twitter they do it all the time.
Oh God! If you have a margin acct you can sell shares short anyone can do it! People pushing buttons do it wake up not a machine I never said that! You need to understand the market why do they post the count on shares that are shorted? Please enlighten me on this since you know so much
Are you serious? What do you think hedge funds and traders do? The stop losses were triggered causing a massive sell off triggering more stop losses further driving the price down making it possible for them to cover. In the end they will be buying when the prices are at the bottom.
According to TDAmeritrade the short position the end of Feb was 31.15% so its not as high now as you can see below. The people shorted it much lower and don't plan on covering at the highs they have the ability to drive it down with a worthless article that said much of nothing. When the ER came out and it was good they took action to stop it believe that! All those stop losses and peoples shares were sold at a huge discount.
Also Charts do fill gaps can't explain it but they do every time.
19.7% of float Is SHORT
131,925,248 shares are shorted as of 4/15/16
http://www.wsj.com/mdc/public/page/2_3062-shtnyse_C-listing.html
Quote
"I honestly don't believe in the short theory. although this is still big board stock. but to be down 20% even after hours???"
This stock had a huge short position on it. I am sure with the BK and symbol changed they had to cover
The office is in Sarasota not sure where your at
I think its in Orlando
Oil is up and honestly this stock will be a day traders dream
Oh I surely will. I wish I would have bought more when it hit below .20 looking good today
I don't think people understand what they have put together here and the value they have this is huge!!
Yes it sure is
If I only still lived in FL would love to go to the convention and check this out
It takes a while to achieve success and I believe this upcoming convention will prove very successful. The patents they hold alone are worth a small fortune and this system is going to go over huge with emergency management and the military!
I have news on my platform news feed not yet showing on the main page of TDAmeritrade
TDAmeritrade says different.., Show me proof I would welcome it problem is you do not have any proof. How pathetic resorting to making up lies about XGTI. Go troll on elsewhere you are not needed here to spew lies.
That is NOT true at all! They did one in July 2015 1:10 period stop making things up
I am sure this won't be that quick. Hopefully we hear something in a month or so. I am waiting and hopefully one day I will wake up to this going up over a 1.00 and off the pink board
Yes it is. Would be nice to have more bid support the news today was just about the meeting nothing major. Would love to see them post contracts and orders with financials showing profits
I have the form in front of me there are several and they are buys with the amount paid and amount of shares I don't understand why you keep insisting they are an incentive. They are not this is part of one of them. Read the form 4's
Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 04/11/2016 A 39,474(1) A $0.095 67,402 D
I just copied the link. Here is another article it is from April 19th but may show how big this really is. This has taken them awhile to put together and they have some amazing products I really believe this is completely undervalued
http://www.xgtechnology.com/xg-technology-receives-sole-source-award-supply-xmax-cognitive-networking-equipment-u-s-army-intelligence-electronic-warfare-test-directorate/
Nice read here.., the last paragraph and link below, several insiders buying through out this past month. Not sure if they are being bought out or if there are more contracts coming in so much speculation.
The Company has made earnings of -$20.90M and derived $0.90M sales in the last twelve months. It has 44.71M of outstanding shares and its shares float measured at 41.65M. Analyst Recommendations; The current consensus among 1 polled investment analysts is to buy stock in xG Technology Inc. This rating has held steady since April, when it was unchanged from a buy rating, according to CNN money.
http://www.isstories.com/sizzling-stocks-to-focus-xg-technology-inc-nasdaqxgti-hewlett-packard-enterprise-nysehpe/875991/
Might want to watch this today on radar way oversold should have a lot further to go after yesterday hoping for 50% today. Might help some get out that have been stuck here.
Its purely a technical play was over sold on the chart should continue tomorrow.
Thank you for the input on this. BK can be so varied each circumstance is completely different. I have seen much worse than this one. I believe it will be fairly simple compared to SUNEQ that one is a nightmare, the shareholders will more than likely lose everything they made that clear.., unless it changed. It might take a while but I think we will be in much better shape once its complete. I hope I'm right