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You got that right Joe
It wouldn't take too much to move the stock.
Why if someone tomorrow were to hit the ask of .015 for $40 we would have an immediate daily increase in volume of nearly 100% and a corresponding increase in the stock price of 20%, if it held.
If you wanted to just move the price, you could buy $1 at the ask and chartists would still see that 20% increase.
Welcome Joe, but too bad about CHDO
The stock itself didn't provide you much of a welcome with trades in the first hour and a half today of FOUR DOLLARS AND 66 CENTS
In all my years in the market, I don't believe I've ever seen such a thing. Let's hope that the two trades that it took to reach this lofty pinnacle were MM signal trades preceding some major action.
However, if we look at the trading history for the past ten trading days we note 2 days with less than $50 traded and worse yet, 2 additional days with ZERO trades.
Unfortunately Bull, The CAPE stock symbol is taken
But I like your idea of posting suggestions for renaming CHDT and its stock symbol to something more in keeping with the image of the company.
The thought had crossed my mind of a name that might preserve a certain continuity with the present initials. For example, something that would rhyme with CHDT, preserve much of the present lettering, and definitely reflect the essence of the company.
I hesitate to post it publicly because any other long term stockholder might want to grab credit for this unique, but obvious, name.
Let's see if we can't get lots of loyal fans participating in "Name That Company" with other CHDT'y renaming suggestions.
Excellent Post Lucy
I'm glad to see that you are with me in "Walking Down the Stock".
Hopefully we will score some nice quantities at very low prices.
Good to see you back Hurricaneman
Remember when we were going to sell Capstone products all over Europe. We had a dedicated rep in Europe then also. Where is he now?
Truly Amazing
As of 10:30am there were 30,000 shares on the Bid at .0125 and 5000 shares on the Ask at .013.
And there had been no trades.
If someone already bidding .0125 were to raise his bid by .0005 he would take out the current 5000 share ask but he would have to pay an additional $2.50, Quelle Horreur!!! (LOL)
Whatever you may think of the company, is its stock action a joke in the eyes of the community?
Excellent Post, Running Bull
A name change could very well improve the image of the company to potential investors. "CHDT" is rather meaningless. And I notice you did not claim that this would automatically raise the price. Not the point at all.
Unfortunately the company, despite optimistic press release, continues to somehow manage to wear a cloak of invisibility.
As far as anyone being foolish enough to short a penny stock, even if they could, you are absolutely correct that it would be dirt simple to spike the price and "squeeze them shorts".
FINRA once again today showed no one shorting CHDO and FINRA is the official source for reported short sales. If any one even cares, here is today's report. I have much more faith in posts that reference a source rather than just plain dialogue.
http://regsho.finra.org/FORFshvol20120409.txt
It's really time to drop this subject and move on.
Good Afternoon CHDO, Another great announcement, another Bomb!
Zero trades for the day? Unbelievable. By now KEI might be getting the impression that CHDT is a hard company to effectively promote
How to find CHDO Short Sales
First, check FINRA
Daily shorts are standard MM trading procedures.
They do not indicate shorting by individuals!
To determine if CHDO is being shorted by individuals in anticipation of a decrease in stock price, or if it is just normal MM procedure, it is helpful to consider the data known as Days to Cover.
If it takes normal trading a day or less, to cover the amount of shares shorted, it is simply MM trading. It is neither harmful nor malicious.
This is pretty basic stuff but if any want to more deeply delve into the subjects of regular shorts and naked shorts by MM's, and the reporting thereof, a good starting place is to Google FINRA
Shorting penny stocks is technically difficult for small investors and potentially incredibly hazardous to their financial health if a stock with the parameters of CHDO is involved.
At the present time there are no open short positions for CHDO.
Oh Good Grief, The "Shorter" conspiracy is back.
Resurrected just in time for Easter, one of the most ridiculous of all the conspiracy theories arises.
Look:
No investor is shorting this stock!!!
Yes, the stock, on some days, is shorted!!!
For an investor to short a penny stock,trading erratically in the
.013 - .015 range, would be suicidal even if you could find a broker who would allow you to do so.
For those who do not understand how shorting works, suffice to say that while the profit from a short sale is limited, the potential losses ARE UNLIMITED If you could "short" a hundred thousand shares of CHDO at .015, your maximum profit (if the company went bankrupt and CHDO fell to ZERO) would be $1500. But if the stock turned and ran up to twenty cents, you would "owe" $20,000 plus any dividends they might declare. And would $20,000 be a limit to your loss? Why no, the higher the stock climbed, the greater your loss would be regardless of the amount of your short sale, until you covered.
Contrary-wise, if you purchased $1500 of CHDO your maximum loss would be $1500.
MM's however can and do short stock on days when there is sufficient trading volume for them to have to do so to maintain an orderly market, as they are charged with doing.
On Monday and Tuesday of this week there were 224,700 and 305,530 shares shorted when volume was relatively high. These shorts were "covered" each day and Wednesday through today Finra is reporting NO SHARES SHORT!!!
If an investor was maintaining a short position it would show
Rest easy, there is no malicious shorting of CHDO.
End of discussion.
Vorticity, I'm completely in favor of a change
Both in the corporate name and stock symbol.
I don't know why anyone would think it would cause mass confusion; I certainly don't think so.
True, it might tend to obfuscate some of the blunders of recent years, but that's a good thing.
Note that a symbol change would conceal much of the available information on the dreadful performance of the stock since Wallach joined us in 2007. You'd have to dig more deeply to see it.
(As a concrete example, look for data on the previous stock symbol, "CHDT" in the "Historical" tool on this site. You won't find it because the history was born anew along with the change to CHDO back in mid-2007.)
That was a great post I3ishop
I think this line should be a "sticky" and required reading for all here:
Good Morning CHDO, Our $50 trader is active.
Well technically, 4000 shares at .012 is only $48 but we need to pump the stock for it's worth, n'est-ce pas?
Can our 5000 share trader be far behind with a suicide-save to .013?
Although that will set him back $65 + commish, he's shown us many, many times that he's willing to play at that level.
And once again, one and a half hours after the bell that 4000 solitary trade is cast, as a display of strength, into the face of the investment community.
That was an amusing quote.
So what happened today?
After all, there was a major announcement.
What's the excuse du jour?
Can't blame it on folks selling when there was nothing but buys from 11:00am on.
Roughly 375,000 shares traded and if we say that all traded at .015 we come up with a total for the day of a measly $5625.
That's pathetic!
We need 20 to 30 times that volume, 7,000,000 to 11,000,000 shares per day. That should at least double, triple, quadruple the price per share.
So what happened? (Again)
Funny, no sooner had I posted that
than our 5000 share manipulator came on board to confound me by buying just 4000 at .015. (4000 = $60)
After the announcement, CHDO hit the ground running
right into a brick wall ...........THUD!!!
300,000 shares traded in about twenty minute following the announcement but then nothing since then for four hours. That's BULLISH ???
Sounds more like a bull by-product to me.
Maybe our prolific 5000 share traders who have been attempting to manipulate the stock for the past several months will show up at the close? (Unless they have had the tweet scared out of them by the frightening calls for SEC intervention - LOL)
Damn, they did it again!
WHY did they announce NUMBERS instead of just a text announcing that new orders just received will affect future results positively, or some such statement?
Another "surprise" shattered?
The time for the "numbers" bragging would have been during the 10-Q conference call in about six weeks.
Welcome back to the Ted Mack Amateur Hour.
(By the way, somebody knew about this announcement in advance. Did anyone see the two large buys before the opening bell yesterday? Security a little lax?)
LMAO Flp, Yep, Stock Manipulation for Dummies
You mentioned "painting the tape" and I notice that a bunch of our conspiracy theorists were notably silent about yesterday afternoon's action.
Let's review:
With the stock trading last at 0.010 at mid-morning the next trade was a jump to .014 on 1000 shares at 2:17 (1000 shares = $14)
Next, 400 shares at .013 at 2:42 (400 shares = $5.20)
Then, 700 shares at .013 at 3:23 (700 shares = $9.10)
Next, 1000 shares at .013 at 3.35 (1000 shares = $13.00)
Then 5000 shares at .014 at 3:58 (5000 shares = $70.00)
Finally 5000 shares at .015 at 3:58 (5000 shares = $75.00)
Looks like obvious manipulation to sustain the price plus a tape painting at the end.
The SEC loves stuff like this.
Sorry Dsnipp, but that's illegal too.
It's called circular trading and is fraudulent and illegal.
They can do it, and go to jail
It's called wash trading and is highly illegal. (Don't confuse this with wash sales which are quite legal but have potential tax pitfalls.)
You can probably Google wash trading and get a bunch of information.
Thanks to everyone for playing this morning
We have some nice volume today but not nearly enough to get the stock noticed.
BTW - That was not my bid at .012 before the opening. I did have one in but it was below .012 and it's still open for several hundred thousand shares.
If you actually know how to use an L2, you'll see it there among some others.
Last trade was at .010, down 33.33%, right on the line of sub-penny.
FEED ME!!!
And by the close the volume tripled!
Yessir, we jumped from 5000 shares traded to 15,000.
All of them at .015 for total sales today of <ta-da> $225.
I'll bet the investment community is going wild over this show of force,,,,,,,,,,or not.
Not so much very bullish
But I do think at these levels there is a chance of turning a profit eventually - if we can do it before Wallach gives away the rest of the store.
Lucy just mentioned not expecting too much until the close of the 2nd quarter which is reasonable considering that's the quarter when ordering for the Black Friday sales period usually begins.
Remember that the second quarter 10-Q usually is published in mid-August; we've got a while to wait to see those results.
Hopefully KEI will be able to keep Wallach from blabbing the results this time before the official release so that any good gains can be treated as somewhat of a surprise. Jeez!
Yes, the low volume is surely a major concern to everyone. I'm offering an opportunity for those who have had it with the inability of both the company and KEI so far to generate any interest in the stock, to sell their shares to me.
Frankly, I don't much give a damn if they sell or buy, I expect to make money either way if they'll just get off the pot and do something
By 2PM on a Friday we have traded just 5000 shares for a total of $75.00
Wheeeeeeee!
The Idiots Illustrated Guide to Penny Stock Trading
Yes folks, right out of the gate this morning we have a crisp illustration of what is destroying this stock.
I have no idea whether or not the trader who bought 5000 shares of the stock at the ask is a reader of this board or not but he/she and others like him/her are out there.
Do the math, this character bought 5000 @ 0.015. Assuming $7 commissions in and out, to break even he would have to sell the stock at .0178, very close to recent highs.
Ninety minutes after the opening, this was the only trade of the day. However, if the recent trend holds true, our character's doppelganger will show up later with a 5000 share sell at .013.
Now imagine what a potential investor in CHDO sees when he looks at these ridiculous trades on this stock. It doesn't matter if he reads any stock boards or not because the empirical data screams WHOA!!!
So if our 5000 share buying hero thinks he is hurling himself against the barricades while frantically waving the CHDT flag, he
should consider that, far from supporting the stock, he is contributing to its ridicule.
Anybody want out quick and clean?
I've put in another day order for 500K at .012. I'm BUYING folks so if you're trying to cash in reasonable quantities without worrying about the feather merchants who are destroying the reputation of this stock with $50 trades, let's roll.
Lucy, did you make this up?
Thanks Lucy, NITE confirmed my 500,000 share bid.
Actually looking at that L2 you posted we can see that NITE had a total of 568,000 on the bid at .012, FANC had 5000 and PERT had another 84,000 for a total of 657,000 shares at that level at that time.
UBSS had offer(s)to buy 300,000 at .0124.
And AUTO had the high bid at .013 for a slim 81,000 shares (about a thousand dollars worth
I'm sure you realize that the number of shares at the Bid or Ask are quoted in hundreds but others may not be so knowledgeable.
So some might get the false impression from this screen shot's apparently lower numbers that others had exaggerated their positions relative to Bid/Ask volumes.
We wouldn't want that.
500,000 shares, yes that's 500,000 wanted
Don't miss this opportunity to sell 500,000 shares of your losing CHDO stock at a guaranteed price of .012
Offer may not last !!!
Sorry about that, here's the explanation:
I believe in making money in the market, hence the sobriquet Salve Lucrum. To do this I obviously have to purchase stock at a level below where I expect to sell it.
This stock is, again, in the doldrums. Look at today's volume; four trades totaling just over $500 by noontime.
Look at the volume for Monday and Tuesday of this week - equally pathetic.
As you can see, it is almost impossible for anyone to get out of this stock utilizing any sizable trade without dropping the price, and that mean that investors are reluctant to buy into the stock for fear of having their investment "trapped".
So I offer folks a chance to sell off a guaranteed amount at a guaranteed price. Yes, if they are some of the poor souls who were conned into buying this overinflated stock back in mid-2006 through the first half of 2007, it's going to hurt but at least it's a way out.
You said:
Don't know where you got that information Lucy
but it was wrong. The underlying .012 bid remained throughout the afternoon at around half a million, and I know because over 482,000 of the remaining bid was mine on a day order for 600,000 shares.
Anyway, I filled 117,500 shares at .012 and never raised my bid above .012.
Thanks to everyone who played today.
Depends on your viewpoint Gerard
Frankly, based on KEI's performance to date it seemed like a perfect time to lower the price a bit since there is nothing apparent so far from KEI stopping or retarding such a move.
So I threw in a little .012 bid for 600,000 shares at the open today and have picked up some partial fills. If I can walk it down sub-penny I may pick up another chunk.
Thanks KEI.
And thus ends another trading day
Not with a bang, but with a particularly pitiful and painful whimper.
Have we hit a new low in CHDO excitement? Perhaps even worse than no trades at all?
Yes we had two trades today:
One in the morning for $130.
Another in the afternoon for $34.83.
Reality check?
Has the well been pumped dry over the past 6 years as we have plummeted from highs in the twenty cent range with millions of shares traded daily down to this debacle?
Well let's not let a little negative information interfere with our long lived spinfest. Everybody shout after me:
"Good Afternoon CHDO - Stock closed UP 15% at .015"
Wheeeeeeee
Right on RVD!!!
Bull, I think we all appreciate your efforts
In pushing hard for the company to take on a qualified, professional IR/PR firm which they so sorely and obviously need.
Now let's just hope it wasn't a case of "be careful what you wish for". <grin>
Actually I still hope that, after a not too propitious introduction, KEI will get off their own ass and go out and kick some.
Home Depot was a surprise to me.
That was a nice coup for the company to announce and one I didn't expect. I had previously posted that I didn't think the mystery outlet could be Home Depot because they have their "own" line of CE Tech lighting products that, to some degree, mirror the Capstone line.
Well, I was wrong and happy to be so.
Vorticity- I agree with most of your post.
(Our messages crossed, I didn't see yours before posting mine)
The transparency issue is our point of contention. Two immediate problems jump to mind. The first and most egregious was the attempt by Wallach to subvert the rights of minority shareholders through his stealth mailing to only selected shareholders of a request to grant him (and Postal) unlimited voting authority over all outstanding shares plus a $17,000,000 preference in the event of dissolution of the company. Nice, huh? Transparent - Not so much!
Another is the still outstanding question of how a wholly owned subsidiary, Black Box Innovations, has mysteriously disappeared from the purview of CHDTcorp. only to surface, virtually unchanged (and complete with its president) under the auspices of a private LLC 60% owned by our own Stewart Wallach?
There is also a question about the number of outlets. We have been informed about a nice increase in the number of new outlets plus even a recent addendum to those numbers however I'm not sure we're seeing the full story. Are these new outlets "in addition to" or "replacing" the 2011 count of outlets. For example, how are Target stores being accounted for if they are still on the inactive list? I don't really care, it just goes to the transparency question.
OK, this is trending toward the absurd.
By noon today there has been only one pathetic trade of $130 at the bid.
Shareholders are becalmed in the same deadly doldrums of a weak and erratic stock price coupled with truly insipid volume!
At this point, making excuses for KEI's "failure to launch" just ain't cutting it.
Angel, that was a thoughtful post!
There is a lack of transparency in this company. Your support of twice a quarter PR releases consisting of (1) a primary guidance and (2) a final scorecard is certainly preferable to a plethora of fluff.
I would add that material events occurring during the quarter, and not covered by guidance, must be covered by the requisite 8-K.
In any case, We need empirical data, numbers, not just vague promises from a company with an unfortunate history of failed endeavors. (Remember, that history is what potential investors doing thorough DD may see.)
Here is where I feel we need add to your menu. Essentially what you have suggested still amounts to "preaching to the choir". Using KEI to keep current shareholders informed is certainly one of the more important aspects of their employment. On this I agree with you 100%, my being a member of the choir and all that.
But where we are lacking is attracting new investors. This 10-K was a perfect opportunity for KEI to BLAST the media with the news of a small company turning profitable. Good Grief, that's the kind of news that can make potential investors salivate!
What happened?