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How much AYME buy today? Looks like maybe 3M at least in last 8 minutes?
'wadirum1' I agree they could pull their bid and add cheaper, however they started buying in around .13? Say they got an average of .17 for all their shares, they clearly know SPNG is worth alot more. Would it be worth it for them to allow SPNG to tank, now turning their investment into a loser? So by holding a floor they get to add and keep their position in the green. Perhaps by keeping a floor, and limiting the downside volatility, does the stock look better for getting on NASDAQ? Nasdaq probably would frown on stocks having 50% downdays? 50% downdays also scare away institutional holders? If they, like us, are looking for dollars in this stock, do they really care that much about buying it a nickle cheaper, at the expense of things I said above?
I don't want to get into an argument about it, just saying invest might be a better word than spent. I "spent" $100 on a pair of shoes, or I invested more in the company to keep my investment in the green and make the stock look more desireable to both other buyers and perhaps the NASDAQ.
invested might be a better way to put it, invested millions
izzylib, they have not been given that opportunity, in order for them to fly right as you put it, they would need to cover their position and that we have not seen. There is no free pass for the shorts, its not like the SEC can wipe they're short position clean, and let them start fresh. They are going to get their punishment in the market. If fair market value for this stock is between $1.3 -$1.5 they are going to be paying way above that as they get out, I see $10-$20 in the cards. Lets say they are short 500m which has been confirmed, although most speculate its double that. But lets say the shorts cover their whole position, 500m, at and average price of $5, conservative est, that is a 2.5B loss. I think they will lose alot more, but as far as being punished, I welcome that alot more than any petty fine the SEC could give them. To be honest, that isn't even enough; think about all the start up companies that have gone bust because of these people? How many dreams and great companies have been ruined? How about the people who put their lives into starting a company, and it was ruined by NSS. Its actually really sad, and I agree these people need to be punished. Hopefully they will lose everything and go out of business; I think that would be a great thing for America.
'rdailey4' XDREW, Watching L2, havn't seen something like this, 16MM's on the buy side within 1%, most i've seen maybe 6. What if these firms got notice they have to cover their shorts? Maybe the SEC got involved? I was thinking about when they are forced to cover, they have a certain amount of time to cover. You take their short position, divide it by average volume for the month. That is how many days they have. Now I'll bet at first they're going to start to cover at a slow pace, as if not to tip anyone off. Then as we get closer to the day when they have to cover all their shorts, it starts to get wild. Is this the first day they have to cover? Why else would we see such a large bid base at here? What do you think?
AYME soaking up some good sell orders, 700k
The Luchese Crime family and a couple german banks are the ones most likley involved in the illegal naked shorting of spongetech. GLTA
Why I never would hope for a shake out like black friday, I do enjoy the weaks puking, its so bothersome to hear newbies onboard one minute, then screaming sell the next. Enough is enough with your constant flipping and verbal assaults against MGMT
I personally spoke with bill young a couple weeks ago, and I take offense to you calling him an idiot. If you knew a little more about him, and some of the other deals he's been a part of, maybe you, like myself, would feel lucky, and glad we have him on our team.
Airshares, they can print as many as they want to squash every rally, the fun will begin when they can't anymore and have to cover. I feel very strongly that each wave of new buying has been overwhelmed by airshares, that is why we have yet to have any decent push towards fair value above $1. If the shorts are short 500m-1.5B they have basically added 100-300% shares outstanding. This thing would go higher if they just stoped with the air shares, but they havn't. Our time will come.
on the positive side, we shake out the weak hands, and honestly those people have been kinda driving me nuts latley.
yes, they did. Just another 13m shorty will have to cover, no biggie, another $13m when this hits a buck by next week. Can't wait.
wow just checked, and yes, 13m+ traded after close.
Bearish Implies the trend has changed from up, to down. Why in the world would 1 red close, after previous 5 up days, make for a bearish case? Maybe if we closed at .13 today I'd give your statment some weight, but saying a red close will change the trend from up, to down, is silly.
The audacity of the MM's and shorts to try to walk this thing into the red is mind blowing. They should release the 10k right now, have stock halted for a brief amount of time, and on its reopen today let those greedy crooks have it. This gives them zero time to prepare and would do some serious damage to shorty on such short notice. These crooks should be trying to cover before 10k but instead continue they’re criminal antics. And to think of all the start up companies that have been ruined by these shorts, its disgusting, LET EM HAVE IT SM and MM!!!!
I've been thinking about taking a 2 week vacation and not even looking at the screen. Got my GTC's working to get out far above these levels, no real need to get worked up over the price action, our day is coming.
Relax. The short squeeze is going to take a week+ to pan out, I'd turn it back on when your feeling better.
Well there was alot of new longs today, who's left to buy and keep her afloat? Its been like this since i started watching 6 months ago. As soon as we have the news that blows shorty out things will change big time. No more walk downs, shakouts, ect. They are doomed as it is, why not sell another 50m airshares and try to get it down close to unch to avoid having to caugh up more margin. THink about it, if they are really short 1B plus, they are toast, why not continue with their antics and delay dooms day.
these arn't people getting out, its shorty selling more naked shares, airshares, trying to avoid having to caugh up more money for margin. If they can get it back to UNCH that would be huge for shorty.
AYME up on the BID!!!
.235 looks to be the highest close, back on june 11th. Would love to see a close above it today.
Watch out today, shortys last day. looks like we might be opening lower. For newbies, I would remove all your stops and turn the computer off for today if this thing starts to break. This could be shorty's last day before he gets blown out, so I wouldn't be suprised if they tried to replicate black friday.
Watch out today, shortys last day. looks like we might be opening lower. For newbies, I would remove all your stops and turn the computer off for today if this thing starts to break. This could be shorty's last day before he gets blown out, so I wouldn't be suprised if they tried to replicate black friday.
Thanks, 'ABrowns' so it seems settled, monday. Tuesday we blow shorty out!
I agree monday after close. Rather than give the shorts the weekend to have a game plan, suprise them monday night. Sept 1 things get wild, I'd love to gap open 50% higher, then watch the helpless shorts start to cover. Should be an awesome sept.
20's gonna be gone soon!!!!
nite @ .204, and on the best bid at .1994, this is good news.
Massive size trading, someone buying 250k clips.
HAHAH, hillarious, I wonder if license plates SPNG are taken already.
its interesting, you watch AYME match anyone on the bid who betters them, meanwhile they don't get much bought, I've maybe counted 200k stuff since 2:40. This is great.
ayme scaled up, hopefully this ignites the run
only 1900 have traded at .1923, ayme's bid.
ayme on the bid,
Here comes the rally, last 30 to 40 minutes yesterday we finished real strong. I think I remember that to be the theme in early june, late day big rallys during our june leg up.
Yeah great work soapy
drew we fell down to .075 on black friday, but wait I do think I remember us sitting at .1911 for a while soaking up shares, before finally breaking through. I just remember thinknig how odd it was we were sitting at that price, thinking it for sure was a bottom. Is that what your talking about?
I have friends working bids from 10cents down to a penny, none where filled, either a bad print or MM's might be playing games. I wonder if anyone working say, a .10 stop, maybe stoped out?
1.9m@ .1575!!! after hours