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I think screen glue will be strong here today...
This was yesterday with ETYN, a slow moving stock where it was very visible. It's always worse with low volume, of course.
I didn't try to sell or buy SLJB yesterday. Different people here posted different experiences...I can't say from personal experience how difficult it was
MMs walked that one down 20%, and we did controlled experiments, where one would have a bid in at .17 (the ask) and not get filled
Another would try to sell at .16,(the bid) and also not get filled, Any limit sale at .16 wouldn't get sold despite the fact it was the bid.
But a market order would get filled for 15.5, then quickly appear as a .18 sale. Meanwhile the patient buyer with the .17 bid at ask still wasn't getting filled. It's always easier to see with a very slow moving stock.
I know this is the job of a MM, but sometimes you're just not in the mood for it.
Why bother having bid /ask numbers at all, if they won't get filled...? Why not just play "guess my number"?
Morning all...looking forward to today!
I know what you're saying. I've been in another stock, ETYN, where the MMs were clearly out of stock on Friday. Monday, any sell that went through immediately showed up as a purchase two cents higher (by the MM)
How weird is that?
Somebody was dumping today as well. Others on this board noted at least 4 blocks of a million plus shares go by. This is in addition to last week's selling.
I want to know when it's safe to go back in the water, without getting hit by another boatload of shares being dumped on my position...lol!
Are they done dumping...is the second question I have
Angela, respectfully, I cannot go on anyone's word alone on this.
I've been burnt, before, as have many others, when asked to go on faith.
I understand this is the penny world, and the rules are looser, but judging by the past few days, I suspect a few others are waiting for confirmation as well
I happen not to be playing with monpoloy money, or even play quantities of shares. I actually invest fairly large numbers into these pennny plays, because I know that the rewards are greater in the volatile world of pinks and OTCBB than elsewhere.
At least I'm still here gathering DD. There are others who may have just left, rather than get into an argument about it.
I think SLJB has good upward potential. I don't want to speculate about dollars, however, when we are having a hard time holding double digits. Some of the overly enthusiastic posting may have led some to buy last week expecting instant returns, and that in turn, led to panic selling when the easy profits didn't materialize.
Right now, better to take things one step at a time, re-establish credibility and focus on more realistic numbers, in a realistic time frame.
Most investors I speak to say that is a risk they're willing to take, on this stock and any other.
The way they see it, if they're going to plunk down $40-$60k on a penny, they'd rather see volume and upward momentum, and miss some of the run.
In their mind, missing a possible 75% spike up is better than taking the risk of a 50% spike down, all else being equal...(which I know it rarely is)
It all depends on one's trading strategy...but the majority of bigger (in penny terms) investors I have met are not gunslingers.
Give them something meaty to chew on, though, and the scenario changes.
It's a little like that joke about there being old pilots, bold pilots, but no old bold pilots....
You can't stop people from protecting their profits, bro. It's human nature, and in the pink world, it's smart policy.
I think the consensus is that considerable money is now waiting on the sidelines, waiting for audited financials to be filed. Like it or not, that seems to be our reality.
Faith is for churches...investors want numbers.
I seem to be your first customer twice today. This one actually intrigues me more. Do you have any information for the I-Box? Again, why did you chose to moderate this board.
I'm full of questions today...sorry
Thanks..that helps.
Good idea. I'll try. Look at what news of imminent financials, along with an auditor's name attached, did for ATWT today...
I believe this kind of news might help SLJB PPS as well:
_____________________________________________________
ATWEC BEGINS AUDIT OF COMPANY FINANCIALS
MEMPHIS, TN – Aug 02, 2006 (MARKET WIRE via COMTEX) – ATWEC Technologies, Inc. (ATWT) Board of Directors has voted to begin a complete audit of company financials. Rotenberg and Company, of Rochester, NY, has been hired to perform accounting services for the Company, and will immediately begin auditing the financial statements for fiscal years 2002-2005.
"This audit will enhance dissemination of the company's financial records to our shareholders and potential new investors, and, importantly, we are setting the stage to file application for the OTC QX. Our current corporate attorney will be working diligently to represent us in this process with the pink sheets, and we are very proud to have such a well-respected firm moving the process along quickly. This decision only further demonstrates our ongoing efforts to be fully transparent to the investment community.
Releasing the name of the third party accountant would be enormously helpful, if at all possible.
It's all a crap shoot, to some extent. Slightly better odds than Lotto or slots...LOL!
I just don't understand why all the pinks, who know the game, drag their feet on releasing audited financials. They know its the only thing that really changes the fundamentals for a stock. Just look at what mere news of an auditor did for ATWT..
So, why the hesitation? If you say you want a higher PPS, and truly want to reach NASDAQ or even the OTCBB, try spending less on PR, and splurge on a decent auditor...and release the name of the firm to the public.
Seems simple enough....
or am I missing something?
I like this post. I just do.
Please let it be another bold statement of things to come imminently, like allinone's other revelations, and I will go quietly back into my lobster hole and stop asking all these questions.
I would like to have no reservations about this, I really would.
Broken record here: audited financials, audited financials, audited financials.
Apart from that, all other PR actually clouds the picture, and may do more harm than good...imho!
The only exception would be one clarifying share structure and current o/s
File with the SEC, and get it over with. Then, let the upticks resume.
Personally, I wouldn't stand up waiting for dividend news. That's just me.
Oh, I know about the fax...just didn't know who AQFS were.
There are getting to be so many players in this saga..sheesh!
Excuse my ignorance, but who are Market Sine and AQFS?
Large offshore shorting operations by any chance?
Any response to the chartists and T/A analysts who see technical damage, negative SAR and .04 and .05 gap filling ahead?
Many rely on technicals for information
Still in, liked the fact it held Friday's levels.
Was playing over at ATWT today. Will come back with more chips.
In, and loving it! Once again, a hunch decision, turns out to be the right decision...! News is great, look forward to more.
It goes up. Does that count?
VYGO is one crazy little stock. Who'da thunkit?
I'm thinking they may reset their exits, after looking at today's close, if they have any sense.
Ronnie, any idea what our target destination looks like? I haven't heard even an estimated PPS when all is completed.
Guesses?
Captn, set course for the higher latitudes!
Doubled my position today.
What a nice trading stock. Doesn't rocket parabolically, but rises slowly, steadily and relentlessly.
I like those nice big hops, too.
Not a quick fill, either, that always worries me.
Very very nice find! I wonder when the rest will "discover" this one?
Very nice! This should provide a nice base for tomorrow's open, imho...
Cool!
Looks like someone messed up my painting job!!
What was the official close?
I'm hitting that ask...like to see it close in the .009s
Couldn't seem to get the .009s to roll over. But there, looks like it's finally happening!
At least one of them was me...thought I'd help out the cause. Seems worthy enough.
Now what about those PRs? When are they due again?
Jim, any guesses for who might be unloading so many big blocks?
Thanks all..I'll pick up some more before days end.
Forgive my question...what is the news we are awaiting now?
I'm watching to see how the last half hour trades go. The last 15 minutes always tell alot.
I'm looking forward to more exciting times...guess it's getting a little tired from the run so far.
Let's see how we do tomorrow!
Ask hit..for 1000, but it kept retreating.
What can I do? I tried.