Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yeah, that too
Absolutely. They let it rise then they chop it down. Just like corn in Iowa .
Pumpers? We don't need no stinking pumpers!!
Two convicted murderers let out of prison because of fake release papers this last weekend. A little plant DNA could have helped prevent that. Murderers were caught btw.
Go to their website, it might have info for you there. Yes they have patents, but apparently no money.
Buzzards!
They are letting it rise
Does it have a helicopter
Agreed, need 20million plus days to get out of jail.
Ever since the invention of online trading people have figured out how to game the system. They are getting better and better at it. Sad part is A lot of it is within the rule of law. Something needs to be done.
These are logarithmic computers, not humans. They look to exploit weakness. They operate with a different logic than the small guy. Can't stand them!
The entire marketplace is full of bad guys. Article from cnbc
Gold dropped $25 in two minutes Friday morning following what appeared to be a single massive sell order, and professional traders are now pronouncing the sale a deliberate attempt to manipulate the market.
At 8:42 a.m. ET Friday morning, a firm appeared to sell 5,000 gold futures contracts "at the market," meaning at whatever price was available. The massive order was more than the market could take at once and led the CME to automatically halt trading for 10 seconds.
Eric Hunsader of Nanex told CNBC.com on Friday that 2,700 contracts were sold, which triggered the halt, and that the remaining 2,300 were sold once the market resumed trading.
(Read more: Gold's plunge blamed on one massive sell order)
Since one futures contract controls 100 troy ounces of gold, and each troy ounce was worth $1,285 at the time of the sale, this party was selling some $640 million worth of gold in one shot. And it overwhelmed the liquidity in the market.
"Anyone with knowledge of the size and volume in the market would absolutely never, ever place a 5,000 [contract] sell [order] at market, because you could not estimate the offset price," said iiTrader CEO Rich Ilczyszyn.
If Ilczyszyn's firm were placing the order, he said, "we generally would piece the order in to work a better price." That's why he believes the trade was "an error."
But Euro Pacific Capital CEO Peter Schiff, a longtime gold fan, infers darker motives.
"Someone's obviously trying to move the market lower," he told CNBC.com. "A legitimate seller would work a limit over time to get a good price."
Jim Iuorio, managing director at TJM Institutional Services, sees similarities between what happened to gold Friday and what happened Sept. 12, when a big gold sale at 2:54 a.m. ET similarly caused a trading halt and hurt the market.
"There is only one conclusion that seems logical regarding Friday's gold trade and the one from a month ago, and that's that they were designed to manipulate prices," Iuorio said. "They were slightly different, in that the one from a month ago was done when the market was illiquid in order to get the biggest prices movement. Friday's was done around the opening to ensure that there was maximum visibility."
PLAY VIDEO Gold is down 25 percent year-to-date and has fallen through a key technical level. With CNBC's Melissa Lee and the "Options Action" traders.
Jeff Kilburg of KKM Financial noted that the trade was done when gold was at $1,285.
"If you look at the last few explosive moves in gold [to the downside as well as the upside], you can see as we approach significant levels that algos come alive," Kilburg said, referring to trading algorithms. "I think it was a predatory high-frequency trading algo that knew it could force a [boatload] of stops under $1,280."
But not everyone is on the conspiracy train.
George Gero of RBC Capital Markets, precious metals strategist and a veteran of the gold market, says what we saw could have simply have been a fund changing its mind.
"Gold has been a market hedge for some big funds, and of course you've had big ups in the stock market all week," Gero said. "As soon as they felt there would be a compromise in D.C. [on the shutdown and debt ceiling], they felt they had to cash in right away to get into stocks."
(Read more: The gold market's big question: Deal or no deal?)
So is that how Gero would have sold $640 million worth of gold?
"Absolutely not," he said with a laugh. "But I don't know who the fund was, and I don't know who managed their order room."
—By CNBC's Alex Rosenberg. Follow him on Twitter: @CNBCAlex.
Short covering
Shares covering should make the stock go up, not down. Seems to me they are still putting on new short positions.
You are absolutely correct. We must attract new investors. Earnings will dictate our direction.
They are equipped with high speed trading programs to stay ahead of the crowd. Only intention and design is to take money from the small guy. They do not invest in the company story.
I agree. Watched my Fidelity trader pro like a hawk today and was amazed at how they move the stock at their will . Simply not enough buying strength to overcome the manipulation. We need 20+ million share days to fight them. That's not coming until a big big announcement .
If they received 30 million shares for nothing then selling from .20 down to .10 is a great return if in fact that is what is happening.
Mm's don't care about the company or its' story. Their logarithmic computers only look for weakness and exploitation to make money today, not tomorrow . I'm going to ask Santa to bring me one for Christmas. We are dealing with a machine that has no morals or emotions.
The stock price and the story may be disconnected at this point in time. Only a flood of new money will chase these varmints out of town. Somebody needs to take a significant new position otherwise this is where we sit. On the other hand we have to ask the question; were we overvalued at .20?
We need Carl Icahn to take a position. Let's suggest that to his website or tweet him. Worth a try.
Buzzards!!
Patience, the company is beginning to bloom. Hard work and a very useful product will prevail in the end.
The only thing that will drive us higher I'm afraid is a very significant announcement . Until then this is the market value we have been assigned.
Patrick Cox has left the building and the air has been let out. Progress is taking place even as we speak however. Gotta get the U.S. market to embrace this product. Hopefully sooner rather than later.
We live with hope
MM's are filthy rich. They let the interns run the office on Friday while they play golf and sail in their yachts.
Let's just land some very large contracts and get listed in a different place where 20% swings can't happen every 15 minutes. What a joke the OTC market is. Truly a casino. Rigged so the house wins. Why would a company even want to be listed on such an unethical exchange. I want to wring someone's neck but I don't know who they are. Time for a posse to form. Who's riding with me?
Ah yes, I remember that. I think I tried to make the point that Crede was a different kind of investment. These companies did not involve any type of dilution while Crede did.
Shouldn't Crede be on this list?
You cannot outsmart the logarithmic trading computers. Just hold out for two bucks or higher. The shorts will get caught one of these days with a big announcement that blindsides them.
Good article. Thanks for posting. Nothing like a dose of reality to throw cold water on our dreams. The story is intact. Counterfeit industry needs a solution . We have it. We press on with hard work. That's how real money is made.
I'm close with someone high up at the DLA. That person assures me APDN is in the mix of their plans.
Does the dysfunctional in Washington have anything to do with APDN woes? Thoughts anyone?
Just fed up with all the dishonesty and crap. I have an entire house wrapped up in this stock. I thought they were different. I should have known better. Patrick Cox should be tarred and feathered by all the people he scammed. It's all a big casino and the house always wins.
Typical Friday. Let it rise so they can bash it on Monday to Thursday.
Another day of limbo. Back is getting sore.
Zzzzzzzzzzzzzzzzzzz
Land of the free and the home of the crooks and thieves.