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Derek,this is ground hog day 6.0, They are not done with it yet for I can feel it in my bones.Newbies will be forced to bail,than the run up, again.Always,IMVHUO,
Another "short squeeze" in the history books.more losers than winners left without their shirts on.
Looking forward to hear from all the Masters of the Universe on how they bailed at $ 7.50+ and will have re entered at the next trading low spot.
Past 4 AGMs have been total duds.Hopefully next one will provide some insight into how they plan on reviving this (now)paper tiger.
I CARE what Derek has to say. He has been bang on to date
Trust me,read the short position report published by Nasdaq,Available through google. Published monthly. The 1.7 mm was at end of OCT. Prior to the reverse split. Read the "daily volume" and days to cover portion,you will realize the numbers(and my interpretation of) are accurate.Regardless, the shorts MUST have been forced to cover,hence the belly up from $2 to $8 on over 40 million shares, 20 times the float.
Regardless,this stock is obviously hard to borrow, or impossible. Hence new "shorters" will refrain from playing.
I gather the stock is "hard to borrow", hence the artificial high minus a significant correction.Once again heaven to day traders.
You will have to read it to understand;trust me,it is self explanatory. The report also shows" average daily volume,days to cover".The last reported date is Oct 31,BEFORE the reverse split.Regardless,we are drifting away from the point at hand, at eight bucks,a far cry from two bucks,yesterdays volume being six times the reported short position,HAVE THE SHORTS TAKEN THEIR LUMPS AND COVERED?
It is there on the Nasdaq reported short positions. Since May 31,the average short position is 1.4 million shares.NOT representing 97% of the float. The clerical error is obvious.97% short would cause buy ins and repo rates of 100%. (unable to borrow). Regardless, this is a great trading stock,enjoy.
P.S when I guessed a $3-$7 trading range, I was thinking within a year,not by year end 2018 :)
All-In888,if this is public information, than please do share, who? how many shares?. It would totally confirm my suspicion that something very nefarious is going on.Such volume outbreaks,quadrupling of share price seldom occurs without reason or news.
This aint a "short squeeze" ,not at eight bucks with almost ten times the float having traded. Plus I believe the reported short position has not been adjusted for the one for eight reverso. The rally is based on anticipated bullish news,true or false? Leak or illegal accumulation,will be worthy of an investigation. Not that I believe it ever will.
Precisely CJ, happy trading and great call. We could even visit your ten dollar prediction.
Ten million shares and up 30%, five times the float. Buyers are expecting a "major" announcement.
We have seen our "7 plus",
We will also revisit "3 minus"
All, IMVHUO :)
It will take at least an year,you will see attempts at resurrection and eventual capitulation.The stock WILL revisit three bucks minus,as well as seven plus.IMHUO :)
Years ago,I considered Spiffy a day traders dream ,an investors nightmare. Momo guys should be having a ball.I no longer have the stamina,nor the "play money".
COULD BE...
The number of shorts outstanding ,still unadjusted for the 1 for 8 reverse.
Truly 97% of the float in short position, hence the rally from $two to $seven.
The past 8 days turnover of close to 10 million shares having taken care of the short position( with a nice dent to their wallets that they deserve)
Either way,do you want to be long,based on momentum,NR of the last 10 days, expected NR before year end? Or anticipation of a short squeeze? Just curious, either ways, good luck.Whether a buck, or ten? Is for the Casino players. all IMVHUO.
Sorry, than you missed the "promotions" from "current" management and overzealous newsletters. But I am not here to sway your opinion.Just posting my own.Stick to yours and good luck.
great,and good for you. I believe at $4.20, it will need further "news" to catapult towards ten bucks.But what do I know?
Question. How long have you been following ANY?
OK, the marketplace and news will decide. Still waiting for "news".Who is the new CEO?
Bang on. As I mentioned previously ( it was a hunch)there appeared to be accumulation 48 hours prior to the last NR,and continued after.My suspicion is this is either a momentum play,or "rumours" abound of a major game shifting announcement from this company.Their past history does not bode well for the future. In the meanwhile, whether a buck,or ten bucks is strictly for the day traders.
IF, there are "huge shorts" still in this lotto ticket,than they deserve whats coming to them,no different than the SAP who paid $6 or $7 yesterday.Notice there is still no news for this pop,strictly anticipation."seems" like a pump and dump scheme. I.M.H.U.O.
I have a good idea,you are pretty bang on.Also,its not the past but the "future" that they will be promising. Newcomers have no idea what these "shysters ,scoundrels and promoters"have promised and cost investors to the millions.
I have been involved with Spiffy since 2013. My opinions are well documented.Am mighty proud of my track record,including that of recent.Feel free to read them,plus that of 401k,Oiledgears, hugo ,Derek.I am not in the mood to play Ground Hog Day. happy Trading.
Oiled, we totally agree,however, you cant ignore the volume ,these shysters are working on another promo. Hail Mary, Pump and dump, GW in Tesla, lol ,whatever. :)
In this case,it is more like "How to repeatedly find dummies to sell a bill of goods"to.
At least one more in the offing, I CAN SMELL It. :)
I respect your views 401,Oilman,Hugo,Derek et all.At these levels,there is accumulation,the stocks entire market cap is turning over daily.Scounderels are feeding off illegal inside information.(needless, hard to prove).This is a public service message to the daredevil shorters.We could be at a buck ,or 3 bucks on a moments notice.I do believe we see 3 before 1.
BUT WE SHOULDNT CARE, WE HAVE BEEN RIGHT,Congratulations and a Pat on the back to the above mentioned,myself included. :)
More interestingly,this is now a 5million dollar company,it could attain one or ten million market cap on a toothless news release.Casino trip or lotto tickets are a better proposition. Spiffy is dead, long live Spiffy.
I cannot believe I guessed(totally by accident) the 50% jump less than 48 hours before it happened. Heres one more. a mere speculation on my part.The hail Mary resulted in touchdown,SOMEONE bot 10 million old shares,prior, turned over 70 million shares post NR.
They will repeat, this Shellco will redefine itself into something different,morph into another ubiquitous game changer.
Stocktwit will be abuzz,newfound bulls will resurface.P.T. Barnum allegedly said... :)
derek,i don't have your number anymore.sorry bud
Yes indeed,it means there is a sucker born by the minute,greed is dangerous for one,s wealth.
I have said it before,I will say it again....
Perhaps I should publish a newsletter, for Sphere shareholders only. :)
NO
Disclosure,I am wearing my 20/20 hindsight glasses .12.37 pm Thursday. :)
Ask the SAP who shorted around a toony yesterday,or paid four bucks today. You wanna have a blast while donating your hard earned money?Visit a Casino,buy five thousand dollars worth of lotto tickets.Scoundrels got away with it again..Another round of suckers surfaced today.Stocktwit must be buzzing.. AS PREDICTED.. :)
P.S,It has paid to sell every pop connected to a Spiffy NR,that is what longs have been doing, I.M. H.U.O
It could bounce 50% and the stock twit fan club will be back rejoicing. Ignoring the fact it would merely bring prices to levels touched post labor day.
I said it once, I will say it again,these hypsters are setting things up for one ,possibly last, hail Mary...Weed, (GRASSware).. Crypto.. GW in driverless cars(LOL) This promo will bring it up a buck before down a buck.
Strictly based on my uneducated presumption, there is a sucker born every minute and that greed surpasses lessons learned.
Am I mistaken or was the 1 for 8 reverse "sprung" on Johnny Retail with less than 48 business hours notice?I for one noticed it by the share price on monday
The twits on stocktwits are mighty silent. NOT that I post there.
In which case,some Poor Simple SAP is still paying two bucks too much for this behemoth once touted as killer of the Apple tollbooth.
I.M.U.O
A simpler math with due respect, market cap,5-$10 million.
Debt ,$25-35 million.
Probability of one last hail Mary... 80%.
A Cat with nine lives, he DID serve on the President's economic Council, stayed at a Holiday Inn one night...
keeping it "alive" prolongs the agony of having to write off debt to Nada...Try Mexico, Russian cities,Argentina Greece Iceland for example.
Throw in attempts to revive the company with a new improved gameplan...and you have the stock still hovering around two bucks..
Adjusted for a BILLION to one in reverse splits. :)
My only point being,When a $10,000 investment barely fetches you pennies, it already has collapsed. The only reason it still trades at 30 cents,those in the know(plus perpetual bottom fishers) believe there lies the possibility of another resurrection,a double? a triple? but no home run in the cards..
In the interim,these pops will continue,cheerleaders will resurface,predictions of a dollar plus, etc etc. Based on past experience,I keep wondering what the next hype "could" be? Crypto currency? Weed? GW in driverless cars? a million bucks invested in OVRL since inception today fetches ten bucks,ten bucks invested in Apple, Amazon during the same period ,and today one is a millionaire . Food for thought.