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You guys are beating shorty over here because most of you refused to sell (we learned that at TEVE). This thing could well be on its way back up in a steady climb.
We're up because shorty has to cover. They have been shorting the snot out of this stock for months and cannot seem to drag it down to 1 cent which is where they want to cover. If you guys can hang in there and hold onto your shares and Mike can stop using shares to pay for things we might be on the way back up.
Cpow up 40%!
from today's RegSHO list:
20110922|CPOW|352507|0|731400|O
Half the volume
If it is down more than 10% by the close of the market it starts the clock ticking on covering shorts.
I definitely agree. Time for these folks to earn their keep, and not at shareholder expense.
I am not sure what to say about that, other than the new guy certainly has a vested interest in increasing the pps. At even 10 cents a share which is almost the average shareprice over the past year, it's 6 million dollars.
There's a lot going on there.
New company President and a move.
CPOW up 20.69%, coming off bottom.
CPOW up 20.69% today!
I would not say it is common but it does happen. Welcome to the pink sheets. The big boards are traded on another market.
At least we seem to be holding for now. Hopefully this thing will start trading again in Canada on Monday.
People on this board don't necessarily know the rules you are referring to.
As I expected:
20110915|CPOW|139950|0|193314|O
The first number is the short volume and it is the vast majority of today's shares traded.
I'm going to guess that most of this volume is short sales.
We will see when the RegSHO list comes out after 5pm.
Welcome back. No I didn't know that. Probably why the volume has been low.
Thank you for your diligence.
Has anyone else noticed that 2 days in a row we have opened at over 4 cents?
CPOW. Up 6.67% and climbing off bottom.
This stock appears to be in a short squeeze but this will only benefit valid shareholders if more buying pressure comes in. This volume is incredibly low.
Pressure coming in from the FFT exchange where short selling is illegal would be awesome about now.
Be sure to let us know what you hear back from the SEC. Very interested.
If the flippers get this down to 1 cent there may be no recover. Look at KATX sometime. Now that's an extreme example because that company sucks and has had no press releases or progresses since January. But anyways. 1 cent is flipper territory. Very hard to get out of that once it happens.
Well the thing has been held down. There is quite some built up potential there if the company pulls through with good news, good deals and good financials.
TOVC up 13%.
A full house of market makers over here.
To what do you attribute the recent gains in this stock?
Up 13% so far today.
CPOW up 13%. Has been running up from around 2 cents.
Right now we're down almost 12%. If this is down more than 10% today the shorted shares have to start being covered. My guess is that shortie will try to take it down between 8-9% today (JUST under the line) so there is no cover forced but so that folks get to look at red in their account all weekend. A typical tactic. That is, unless people keep buying and forcing the squeeze.
It would be nice but I think we would have to see another press release to make that happen, imho.
I'm sure this was already posted, but anyways:
http://www.sec.gov/news/press/2011/2011-178.htm
CPOW closed up 36% today.
Today's Reg SHO showing a short volume of about 3/4 the total volume. Continued attempts to take this down but if buying pressure keeps up, so will the squeeze.
20110908|CPOW|292469|0|408069|O
Yes it could break resistance and head into the 4s tomorrow. The fact this moved on almost nothing - that press release was not all that significant - vindicates that the thing was being shorted into non-existence and now shortie has to cover.
CPOW up 20% now.
Nice.
Up now 16% after 19% yesterday. These are good 2 day gains. Ask is now .029. Would be good to see us break back into the 3s in the last hour of trading.
Thanks for the chart Mick.
This stock has been over 50 cents in the last 52 weeks. I'd settle for getting half way back up.
Gonna get some more?