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excellent news!
Dual listing(s) in the works, and a buyback, guess we know which way the pps is headed, lol!
SFMI short for April 23,
Short volume: 415,528
Total volume: 796,139
52% shorted for the day
Seems to be a Friday pattern.......all week in the 10-25-ish percent short range, and Friday its over 50%.
Obviously they are not covering, they are just moving the short around.
http://regsho.finra.org/FORFshvol20100423.txt
interesting fact:
my broker now has SFMI listed as "HTB", meaning if one was shorting this it may be 'hard-to-borrow',
lmao!
This means a very large percentage of the float is locked up or tightly held.......
fwiw
makes sense,
do the buyback first then the consider the cash dividend, as it's only paid on the Outstanding shares.
good morning all~
no doubt this is getting the daily shorting manipulation to keep a lid on it from breaking out big time, but eventually the longs will prevail here, imo.
If the company does start paying quarterly cash dividends after they start producing, then the bulk of the naked shorting will stop, and the normal day-to-day shorting by the mm's will lessen as well, there is no way they want to be short a stock that they would have to pay the cash divi on any short position they are holding open at the pay date, and I hope they keep good on that, it is the best thing they could do to stop the naked shorters.
It's nice to read as well that a couple of the longs here have been to the mines, hands on DD is the best, and thanks for sharing that 'Silver(Falcon) and gold(chaser) lol!
36.8% shorted today......
and SFMI held well, imo~
http://regsho.finra.org/FORFshvol20100415.txt
looks like
DLNY has cleaned out a few stoploss orders and has dropped back a bit to fill a larger order and his inventory, imo~
Could be an interesting close......
a Form t trade is reported after hours,
and happened earlier in the day and was 'held' for reporting, so it's an out of sequence trade, which really should be reported during the normal trading, but doesn't, and hits the L2 within a few minutes after the close~
kashai,
I forgot to put the link in the previous post,
FINRA publishes it daily, and here is todays list
http://regsho.finra.org/FORFshvol20100414.txt
and here is where you start, scroll down to 'ORF'
http://regsho.finra.org/regsho-Index.html
it's just the after hours quote,
doesn't mean much~
When the mm's open up in the AM then it will re-adjust.
SFMI daily Short:
Short volume: 2,667,133
Total volume: 7,031,087
37.9% shorted, up from 11+% yesterday
Even with a few profit takers they had to short over 1/3 of the volume to keep it from breaking out~
an ECN market maker,
electronically controlled network, they had an ask size of 30,000 before the close, they stepped ahead of DLNY, and way more than 30k went off at .148, so they were selling(shorting) to hold the price at .148, manipulation no doubt.
A .15 close would've been really bad for the last bunch of shorters that came in and after .10, but it won't matter, if this buyside volume continues then SFMI will go up regardless.
arca did all they could to close this at .148,
they did not want a .15 close, must be the 50% in the red mark from their .10 shorts, lol~
This will hit some radars tonite for sure.
nice volume today,
those margin calls hurt don't they shorty?!?!
arca trying to hold the line before the close.....
thanks for sharing!
All systems go for SFMI, back up the truck haha!
blue skies after that, lol!
new HOD, .148 up 37.67%
b/a moving up~
.14's printed~
yes, holding as well, and buying on the dips.
No need to leave when they are just getting started producing.
Let your runners run, and that be that, lol!
SFMI looking real good..........
gotta love green!
Where is the peanunt gallery during this pop?!?!
Looks like that big buyer did step up to the plate this AM.
Will be interesting to see the short report this afternoon~
I saw that too Orca,
for the three previous days SFMI had 23%, 23%, then 24% shorted, now the shorts say all over the hub that in 3 days all shorts get covered, well if 50+% got shorted Friday then there is no way that any of those previous days naked shorts got covered, in fact, they dug their hole deeper.
I would suggest those that hold SFMI long in margin accounts call their respective brokers and tell them to place a "Do Not Lend" on your shares, as this will prevent them from being lent out to another broker or broker's mm to carry the short position forward. If you hold SFMI long in a cash account you supposedly don't have to worry about your broker lending them out behind your back, but just in case, put them up in GTC sell orders for either what you want for them or even higher up out of the trading range as far as possible, this locks them up.
This is one way to combat the shorts, and it does work, and all it takes is a phone call.
imo
fwiw, about that clearing agency......
I had heard they pulled their efforts to open up a competing clearing agency to the monopolistic DTCC, and I saw this post earlier this week. I then sent an email to NasdaqOMX and this is the reply I got in return:
We announced our plans to enter the equity clearing business in 2008; however these plans are presently being reevaluated. As such, there are no immediate plans to enter this business.
Regards,
Vincent Palmiere
NASDAQ OMX
Direct: 301.978.5242
Mobile: 202.365.8525
From:xxxxxxx xxxxxxxxxxxxxx
Sent: Wednesday, April 07, 2010 12:17 PM
To: Vincent Palmiere
Subject: clearing agency
Dear Mr. Palmiere:
Is the Nasdaq OMX Group going to be opening up the clearing agency to compete with the DTCC this year?
no problem sprattnikie,
I can do the same too, lol~
It's a complex set of issues that is worthy of a lot of discussion, but we better keep it on SFMI topic as much as we can,on this board anyways, and speaking of that here's today figues, we gained a short percentage point:
short volume 394,478
total volume 1,630,260
appx 24% shorted today
http://regsho.finra.org/FORFshvol20100408.txt
And to answer Bahama Pete, got your pm, and will check it out in the AM~
Have a great evening all longs :)
good stuff there spratt,
I especially agree with your statement, "he who holds physical will win" as it pertains to all and SFMI in particular, the producers will inevitably get properly valued and trade at higher p/e multiple's than they do now.
I won't go into a lengthy discussion of my opinion on the various points you make, but will say while we're in this recession with low interests rates the price of gold will sustain it's current levels and if the economy doesn't turnaround and grow big time then hyperinflation is on the way and the inverse dollar/gold relationship goes out the trading door, enough from me on that, lol~
SFMI holding well today closing even, and for those wanting the short report from FINRA it comes out around 5:30-ish EST. Here's the link, scroll down to where it says ORF and they will update it here in about another hour.
http://regsho.finra.org/regsho-Index.html
gm all~
no, didn't check out that other stock, just keeping an eye on the SFMI daily short.
It doesn't surprise me that the other one is getting overly shorted, just about all OTC/OTCBB stocks get manipulated daily here in the US, and all we get is a list from FINRA telling us how bad we as shareholders got screwed each day, lol!
I trade and follow the gold trade in the forex, the XAU/USD trade, and the articles that spratnikie and others are referencing interest me alot. So far the fed has kept interest rates below 1%, when and if they decide to finally raise the rates we'll see a rise in the value of the dollar and a slipping of the gold price, as they basically trade inverse to each other, and it will be manipulated to the downside as much as the central bankers can push it. The fed meets every 6 weeks, and they set the rates or leave them unchanged, and have wording in their 'minutes' (the FOMC) that tell whether they expect to raise interest rates or not by the next meeting.
If they do start a raising of rates, and gold correspondingly starts to move lower, SFMI share price may not get affected as say some of the larger ones like Goldcorp (GG), and the gold ETF 'GLD' as SFMI will be doing a buyback of shares and are in the 'growth' stage at this time.
SFMI is in a good position now to take advantage of high prices once they start producing gold from the mill, and 15% of that is to be used to buyback shares, when that bid support comes in the shorts won't be able to drive it lower as the company will be setting there buying whatever is sold, and demanding delivery, lol.
Once they buy what they want, then we can use the adjusted OS numbers and come up with a more specific Book Value for the stock, even at this point though I'd say they are 'undervalued', imo.
Looks to be a good year for SFMI
SFMI daily short volume,
Looks like this, according to FINRA:
Short sales 421,538
Total volume 1,804,496
giving us appx 23+%, just like yesterday, they (the shorts) must not want to go above a certain level so as not to set off any red flags to the regulators
So almost a fourth of all sales are shorts, done to cap any move up imo.
http://regsho.finra.org/FORFshvol20100407.txt
nice, .091 close, up 13.75%,
and another day closer to the mill opening up~
RB,
it's showing and trading as SFMI on my L2, since the 10k came out just before the open today and the "e" designation was supposed to be there your broker might have a glitch with it for today, should be straightened out by tomorrow.
Just over a million shares traded and up 15% at .092 at the moment.
Todays daily short on SFMI:
According to FINRA
Shares shorted: 1,354,782
Share volume: 5,834,504
Apx, 23+% of todays volume was shorted.
And that be that folks, so no wonder the shorts are upset today, it was about to get away from them, so they had to attack it again while there was some daytrader profit takers exiting by days end.
My last post of the day and have a great evening all, except shorty of course, who felt they had to send me threatening pms, won't work shorty, just so ya know, iggy for you, lol! (must've been something I said haha!)
Any dips and we'll be buying.
http://regsho.finra.org/FORFshvol20100406.txt
oh look, shorty painted it down at the close to
.08, that margin call he got earlier must've made him mad lol~
Nice run up, and then some profit taking, and the mm's backed down to soak up what they could get, looking forward to seeing the daily short numbers from FINRA in a bit.
nice!
up 25% on 3+million volume, not too shabby imo.
oops edit: up 31.25% at .105 :)
so close to .10 now,
must be the capitulation point for shorty lol!
Nice move up today, like to see it continue until the opening of the mill and beyond~
there's .0979.....
well whoevers L2 is right,
it sure is nice to see SFMI break out above the .07 range and hold it, imo~
Green is good!
And gold is even better, lol ;)
yes the high was .0965,
but for a few brief moments the best ask was .12 on my screen, but no trades went thru at that pps.......yet.
DLNY is the market maker
that filed the 15c-211 to take this company off of the pinks, and ARCA is an "ECN" electronically controlled network", that the big players such as institutions use to send orders to the market anonymously.
It's been about 30 days since DLNY started so I assume the other mm's can now 'piggyback' onto his 15c-211 and that's why we are seeing ARCA today, imo~
from my brokers L2,
you may be seeing other mm's that are routing orders thru DLNY and ARCA, on your L2~
DLNY just opened back up, .091x.101....