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Use the iggy people, it's wonderful.
The Bollinger Bands are getting tighter too. The Volcano is rumbling folks. Could be the sign of an eruption. JMHO
Tool
Stockchart, does anyone here see the CMF or A/D dropping? No? Then how do you explain the selling? Simple, it's MMs masking their buys on the bid because some of them are covering short positions and other are buying shares at the bid to get ready for a run. IMO
Hold on to your pants folks.
http://stockcharts.com/def/servlet/SC.web?c=BKMP,uu[m,a]daclyyay[pb50!b200][vc60][iUc20!Lf]&pref...
Tool
Clouser, how has Winnick made any money? This isn't being diluted and why would he sell his stock when he bought it at .025? If you're gonna bash, know what you're talking about.
Tool
A hard shake that the smart investors will turn into a buying opportunity!
fisherman, it'll be a little bit bigger than that. ;) eom
Great post!!
Mightboss, what are you doing in that hotel room?! lol
Yes, I agree. Just won some nice football pool money yesterday. Some of it will end up in my Scottrade account and I'll be buying at the Ask.
Tool
They print .0004 on 100 shares! LMAO! eom
Analyze, you're gonna buy at the Ask? Wow, you've turned over a new leaf. ;)
Good post
Tool
kilerb, have you ever traded or invested in a stock that trades at these levels? This is a totally different world then the rest of the stock market, even pennyland. This is sub-penny or micro-penny land, and certain things must take place before the MMs will let a stock go. One of those things happened last week, it was a massive short cover at .0004.IMO Also, some of the MMs picked up legit shares at those low levels to put in their own portfolio. Generally the type of action you saw last week is preceded by a big run up in price. You'll see...
The first time I saw this type of action it worried the hell out of me too, but this will change, and soon.
Good luck,
Tool
Semi, did you mention to them the short position that TAKI posted this morning?
Tool
GoingUp, thanks for doing the research and providing that comparison. I think my point is that with the 1 billion share buyback and considering that much of the OS is restricted, we have the potential to go far without an RS.
Good work,
Tool
No trades for a while, anyone have buy orders not getting filled?
Thanks,
Tool
Yup, and I got plenty of room to fill up my iggy list. ;)
And that iggy went wee wee weeeeeeeeeeeeeeeeeeeeeeeeeeeee
Shutup about the R/S... SIRI has 1 billion OS and they're over 7 dollars. An R/S would be a quick fix and then the PPS would drop back to these levels.
Yeah, I'm saying "Why didn't you buy more shares of BKMP with your son's college fund money!!??" LOL
Neither the MACD nor the RSI are the story here, right now. The CMF and the AD are really the big story on this, which continue to be incredibly high, despite a low pps.
This stock is like a giant spring compressed to it's breaking point. The MMs will let it go soon, IMO.
T
Spencer just made my iggy list, congrats.eom
Look forward to seeing that TAKI. Some of the short position was covered last week, IMO. The MMs that didn't cover last week will probably get burned a little.
T
Yes, Iggy works just fine. GM All! Good things on the horizon, let's have some fun this week.
T
Yeah Jonah, I'm gonna try out a local ale house this weekend. I need a good micro-brew.
Tool
Yeah, that's just what she needs to hear. She already spend too much time doing pilates and running marathons. She needs to hang out with me and Marley more often. ;)
Details, details...I'm going home and I'm gonna roll me a fatty because today was a great sign that this stock is about to haul ask.
This boiler room chit is almost over. The shorts cover, then ride the pps as it rises and everybody gets to make money.
Hetty, the dividend wasn't 1 share of AMSN for each share of BKMP, it was 1 share of AMSN for every 6 shares of BKMP.
Otherwise, good post.
Tool
Nah, not a company buyback, an MM buyback. That's a cover. If anything we'll either see the same type of action Monday or we'll see the PPS rise on very low volume. Which will signal that the short cover is pretty much over and the MMs are bringing the price up to where it should be.
Remember, the MMs not only make money shorting a pink, but they also make money by buying their own shares at these levels and then letting the PPS rise to new high levels and selling their shares when a major PR hits to new buyers.
I think they're getting set up to do the latter. JMHO
Tool
I haven't lost one minute of sleep or one drop of sweat over this. I saw this happen to BCIT and TNOG. This is exactly what Vulcan said, the MMs are getting their ducks in order so they can let it go. This activity will be followed by a major breakout and these levels will be permanent history. Hang tight, the fun is about to begin. I'm thinking middle to late next week we'll above .001 pushing .002 and so on, depending on PRs.
Good luck and have a great weekend!
Tool
Major short cover occurring. Mark this post.
Thanks Vulcan for providing the time and sales.
Tool
COMPLETELY AGREE...Ask is at .0007 now. This was MM manipulation at its finest. They covering now to avoid getting raked over the coals later. Most of them are simply buying back in to cover and some lucky ones are picking up legitimate shares from the weak hands. May have to have 1 more day of this type of action before we move up. They shorted the hell out of this. IMO
Just hang on for the ride.
Tool
Nice job! They posted it as though it was a sale on the Bid but we got it moved back up to .0006. Now if we could have some landslide volume I think this would move well. JMHO
Tool
LMFAO!!! Good one!
Man, HDSN has been a jerk all day, huh?
Thanks Mike! Lunchtime! eom
Gotcha ;) Thanks!
Mimurray, what does it mean when an MM has an (*) next to their name?
Thanks,
Tool
The volume is drying up, hmmmmmmm...eom
Once HDSN moves off the Ask this will move up. But notice how every MM is on the .0004 bid. They're desperate for shares to cover their short position.
Tool
Excellent post Varok, you can also add the fact that they gave us a dividend and a name change to try and force the reconciliation of the NSS. Those things, coupled with the excellent business progress of TFN and the addition of TWN, are forcing the MMs to do what they're doing here so they don't lose their shirts.
Good Luck!
Tool