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UBS sat on the bid at 3.00 and the ask at 3.05 all afternoon..
Thanks atl...
and to secfans point, we're not talking about alot of shares on the institutional side for Torvec, however, it's an additional item to add to the list interesting things surrounding Torvec these last few weeks..
Hi atl...
It shows 11% institutional for today's trading...
Interesting find...link below
I-Watch is showing that 11% of today's activity on Torvec is institutional...
http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?ticker=TOVC
Another 10,000 traded courtesy of our favorite MM..
Would anyone like to guess why UBS is so eager to sell as much as the demand will allow to keep the share price from increasing past these levels over and over ....?
30,000 shares over ten minutes...
Roughly 30,000 shares of TOVC traded over ten minutes this afternoon with what looks to be all of the shares supplied to the buyers coming from...guess who...?
Those of you who guessed UBS will recieve an all expenses paid trip to ride through Powder Mill Park in the Iso equipped Nissan at speeds only an Iso could control, with dyna at the helm..!(Plastic pants not included)
Next question..why always UBS...?
There's nothing like a few black and tans to take the edge off a rough week...
dread...
I would recommend some weight training so your body can grow into the proportionate size for the head...
Congratulations dyna...!
You have been entered into the final drawing for consideration as the next moderator of this forum when dread decides to retire...should you decide to accept, you will also be entitled to drive the Iso equipped Nissan through Powder Mill Park at roughly 120 mph...!(Depends not included)..
LOL.!!..
The eyes are haunting...they remind me of someone..cant quite place it though...
not limit orders...
Those arrows indicate that the MM has just moved there bid or ask up or down...red down...green up...
I have said for a number of months now that I believe that alot was covered extremely slowly over a period of several months while the stock was in the 1's...because the volume was so low, it had to be done very slowly and deliberately so that the share price didnot rise dramatically....
every time the price started to hit the hit the $2 level it got hammered back down some...the low volume allowed it to be done very easily...
Now what has happened is investors have accelerated the buying due to recent events causing the share price to rise beyond what I believe was the breakeven point on the short position somewhere in the mid to high 2's....i can only hope that a margin call on that position triggered additional buying to cover more of the short position into what was already a rising price fueling it even more...my opinion is that alot has been covered but not all..
Also, as you know, i have never have said conspiracy...just a OTC bulleting board stock that gets abused by the system like many of them do...it happended because it can...My opinion is that Torvec is heading torward some type of event that will be a game changer .....
I think it depends on what level II you are using..
Can you click on the abreviated name...? if so, the name should come up...
Now is there anyone left monitoring this forum that thinks this stock hasnot been manipulated by the market makers...?
Personally, I believe that whom ever is the player or players behind the short position has a connection to a few of the MM's and they are trying to keep the stock price down or lower.... not to dump more..they are doing it because their position hasnot been covered yet..the more it goes up, the more that remaining position is underwater....alot has been covered in my opinion, but it ain't over yet...My hope is that there was a margin call last week........
as i write this...our favorite MM, UBS is sitting on the ask....
My time and sales indicator on torvec shows a trade of 5700 shares at 6 minutes after the close at $3.30....
Does anyone else see the same thing..some quote screens show it and some don't...watch at the opening in the morning.... that trade will show as the open at $3.30...
If a stock is moving very fast in either direction with heavy volume, the stops , buys or sells, would be run over....
Another note to ponder....
I think there was some short covering in last weeks volume..
I also think that there is more shorting mixed in with today's back fill volume......
The company has operated on thin cash since inception...
The fact that the copmay has remained basically debt free is an "asset" to us as shraeholders....they arenot using cash to service debt...
given the recent events, I feel that Torvec is approaching a commercializing event of some type...too many things make me feel that..."quiet period", insider buying, director gifting, now additional preferred buyers, the recent run up in the stock price...and from the recent PR/update/8k.... "Our July meetings, including a meeting with a major U.S. automotive company, were highly successful"..."our discussions with the companies which visited us in May and June of this year are intensifying."....add to it the ongoing refinement of all of the technology...the Iso going to Nissan, SAIC, etc, etc etc,,
In my opinion, when I add all of this together, I come up with a company approaching a break out event....I still dont really care what the stock price does now, I care about the end game numbers...
I think what you are seeing today is normal back filling when a stock runs up quickly....
The preferred sales with warrants sold to what is now multiple accredited investors is a positive....those shares and warrants are restricted for 1 year..it's not like those are being dumped into the market. Also, if you look at what Torvec spends in cash based on the filings, the cash generated by these preferred sales just gave Torvec an additonal several months more of operating capital on top of what they already had...this method of raising capital until a revenue producing event occurs has actually kept dilution to an absolute minimum vs. the rape and pillage that an investment banker would be looking for..I applaud the company for this action...
The fact that there are multiple preferred investors is a positive to me...
As I write this, UBS is sitting on both the bid and ask yet again....
Are you now beginning to understand, by way of watching it yourself, why I have been talking for months about UBS trying to control the price ...? The question remains why..?
I like all 3 of those theories...
You are not listening...
If there were indeed 5 mill short, I strongly believe that alot of it was covered very slowly and methodically over the last year while the stock was in the 1's...
This action we are seeing on the stock may iclude some covering of the remaining position, but its also fueled by new money coming into the stock...thats my opinion...
Hi dig...
We've been at this for a while...I feel that the time is approaching for the payoff...No matter what combination of takeover prices or single deals or multiple deals, I cant see this ending in single digits for investors in Torvec. This is a double digit play..making even this mornings $3.00 a very good deal...
yesterday was interesting action .....enjoy the moment..
This might help Truck..
http://daytrading.about.com/cs/nasdaqlevelii/a/level_ii.htm
Thats the problem...
There is always some isane person dropping their ask to step in front of a run...UBS in your eaxample might fill the whole 4500 at 2.80...thats what I mean when I say that the 500 # is kind of like a default number not representing the true size of the bid or ask for each MM...
In higher volume runs, the MM's are backing their asks up continously so they dont leave anything on the table so to speak..its a moving puzzle...
That number is 500, but it's pretty much always at that as a default # regardless of what size trade a MM is sitting on...
Interesting action for sure...I hope people watching this stock get a feeling for how fast it would move in the event of an annoucement of even moderate magnitide...
PS ..you're way more fun than you used to be...LOL
Level II is showing UBS trying to control both ends of the bid and ask again....that has continued to occur alot over the last several months..when this stock starts to run..it seems they are always the market maker slowing it down..why is that? I have my own theory on it..
On another topic, you brought up the 5,000,000 short position topic a few posts ago..as I have stated a few months back, I think that alot of that was quietly covered(ie- done in a maanner that was slow and steady and would not cause a run up in TOVC share price) over the last year while the stock has traded between 1.50 and 2.50...I do think there is still a short position outstanding but I would guess it is below 1,000,000 by now...thats just an educated guess..I could be off by 5 or 10 million in either direction..LOL
LOL...
You are deleting your own posts..if that isnot a sign of a life-time moderator committment I dont know what is..!
Congratulations...
7000 posts..you have just won, for the second time, the opportunity to moderate this venue for the next 5 years...!
Way to go...I couldn't be happier for you...!
good morning........
In terms of theprice rise on a deal tender offer, I am talking absolute minimums in my comment from yesterday...I agree that we could see some nice , juicy number depending on the type and magnitude of a deal......
In observing the recent events, there seems to be a few out of the ordinary things going on in addition to the flurry of activitythat appears to be going on behind the scenes...not trying to jinx the guy having a career round sheriff..LOL..but I know what you mean...it just seems like something is up more than usual...
Isn't that what officers and directors sometimes do before
an "event" occurs..?
Very thought provoking info dyna...my imagination is in overdrive...
Good points zendo..
I can't help but wonder...when you add it all up it's a very attractive package for a big company to buy outrightvia a stock swap or cash and stock... The tech is much more refined now, the interest in Torvec's products seems to be gaining momentum very quickly. I'm not sure that Torvec will have a chance to move to another exchange....it wouldn't suprise me to see a buyer step up with a reasonable tender for the whole company...if something like that does occur, the share price will be instantly back to at least the historic highs for TOVC...
Quiet periods get me to start thinking that something is brewing beyond the commercialization of one or 2 Torvec technoligies...I bet there will be alot of people that will miss the ride either way because they wanted to wait till a deal was done before buying the stock in this $2.00 range...my gut tells me something different is brewing..many will be smacking themselves in the forehead for not buying now...
Sooooo....
Who is selling..?
The last 2 minutes of the market were busy for TOVC..Someone bought a block of 10,000 right at the buzzer @ 1.95 which was in between the spread of 1.91 and 1.97, only to see it close @1.91 with a trade registered at 4:04 Pm..
Where are the shares coming from....? 77,800 today...
Interesting for me at least..
Whenever something happens with Torvec that results in the buying of shares and an upward movement in the share price, UBSS is almost always the MM trying to keep a lid on it from running up. They have have been on the ask for the better part of the morning as if to keep the price from breaking through the $2.00 level...Knight Equity has also been an active MM in the last month or so..
Good morning..
I think a couple of things are at work here....during the low volume trading phases, the market makers can basically do whatever they feel like doing to a stock like this...another thing at work here is that with 3500 hundred shareholders, you may see the weariest of them sell some shares into low volume and take out the bid...on the flip side, small amounts of buying at the ask can move it up the same amount...
As for today's release by the company....nothing makes me feel warmer or fuzzier than seeing the phrase "quiet period" in the release...the "quiet period" is typically associated with the 90 day period prior to an IPO where all lips are sealed....it is also commonly used when there are negotiiations on a deal in play...
While it has been a long wait for Torvec investors, as a very long term holder, I think the elapsed time has allowed the company to position itself for what may be a deal or two at the perfect time...the tech has been continuosly refined and perfected to a point where there are now multiple parties in the mix....this is a way different scenario than 3 or 4 years ago....I believe Torvec is now in the game...you may be correct sheriff on the price hanging at $2.00 until an event is announced...when it happens, the chance to get it at $2.00 will be gone forever...it's actually at $1.75 as I write this..so maybe some prospective TOVC investors maybe waiting for a deal before buying, but why , after all this time, would anyone sell with what we see now....?
One more point, I still beleive there in some uncovered short position on Torvec....
Hi fifty...
In the past, I have tried to buy TOVC on limit...it's rare that you will get filled in between the spread...not enough sellers ... you have to hit the ask on TOVC for a buy fill....
Here's a brain teaser....
I recall from filings that there are now around 3500 Torvec shareholders (I may be off slightly on the number, but think it was 3500). Given the amount of activity that Torvec appears to be engaged in, what would happen should it yield an event that would cause all 3500 shareholders to buy 1000 more shares. We're not talking about a lot of shares per person here..only 1000...that's 3.5 million shares....what would that do to the share price of Torvec..? How much could anyone really expect to buy at the $2.00 level..? Where would the shares come from...?
I would suspect there would be a number of shareholders that may right now even have an "exit" number at which they think they will sell when that share price is attained. But will they really sell.....with the thought being that now that one deal is done, what is coming behind it, not to mention the revenue aspect and multiples from the first deal...it's an interesting exercise to ponder....
I agree with everything you just said...
Touche....!