TelVue is a winner
Explore small cap ideas before they hit the headlines.
Explore small cap ideas before they hit the headlines.
It was in fact a bidwhack. The thing is, this was a totally partial fill of a larger good til cancelled order that has been in for some time. I now know who got the shares. The person that got them is to be congratulated for getting some cheap shares.
Getting cheap shares is kool. People should get as many cheap shares as they can. Since they are being sold at a discount over here, why not buy more. Even those with 50,000+ shares should buy more.
What isn't all that kool is the timing. The timing of this partial fill is absolutely deliberate. For NITE to fill 200 shares of a larger order at 2 minutes to market close is a blatant effort to trick shareholders into thinking the stock is tanking. This tactic was invented by a twelve year old. Like most of NITE's tricks they are transparent like the negligee of a centerfold.
As time goes on here, NITE is getting more and more desperate. I have to ask again is there anything illegal about filling orders 10 cents lower than the published Ask? My securities attorney has not gotten back to me about this.
Just for today's BS, I am going to add $5 per share to the price I will require NITE to pay to buy back my shares and cover his behind. I was thinking about whether any of the market makers really get it. I think VFIN is getting CLOSE with his offer of 1 share for $100.25.
Today's shorts.
20110525|CPOW|146383|0|613839|O
TEVE. 10M share float. Pullback at end of the trading day today. Cheap shares available.
It's a little early in the week for these shenanegans. I wonder what he's (NITE) up to. Probably has to cover some shorts and trying to get the tree shaking in early in the week.
As usual this is not on the I-Hub newsfeed. I will submit another ticket for this.
Meanwhile pass it along as you can.
I wonder why AUTO is suddenly at $1.40 when for weeks he has been at 30 cents. In any case it is clear the market makers are in disarray. HDSN and DOMS passing the same 9000 shares back and forth. ETMM and UBSS - who knows.
TEVE is a winner. Up 95% year to date. Holding strong at the 24-25. Headed back up to 49?
The 250 traded is a buy. It was sold at Bid to a friend.
I guess the market maker wanted my friend to have cheap shares today.
TEVE. 0.147 x 0.25
From the 2nd half of April SEC Fails to Deliver list:
20110420|87970K108|TEVE|2577|TELVUE CORP|0.15
Some I-Box updates have been made.
What, you didn't want to buy 50,000 shares?
Thank you, Qtip, for posting this.
ETMM now seems to be controlling the price action. Works with NITE often.
So be it. So we need people to buy 38,000 shares and then we move from 25 to 30 cents and they have gained whatever percentage that is on their money.
It would seem that once the 28,200 shares that NITE claims to have are purchased at 25 cents or under we will be at 29.8 cents (AUTO) and the purchaser will have immediately made money.
28,200 x 25 cents = $7,050.00
An Ask slap at AUTO at .298, say 100 shares = $29.80.
Total investment = $7079.80, becomes in minutes 8433.40 for a gain of 1353.60.
Unless I am reading this wrong.
I want to point something out that is not all that easy to see.
If you look carefully at THIS MORNING'S Level 2 kindly posted by Qtipjoe this morning, you will see HDSN is on the Ask with 9000 shares available (supposedly) at .25.
It is now 2:11 in the afternoon and at the Level 2 provided by otcmarkets.com for TelVue (TEVE) you see HDSN is now OFF the Ask and is hiding behind an Ask of 2500! a share.
However, DOMS has taken HDSN's place with exactly 9000 shares at 25 cents.
http://www.otcmarkets.com/stock/TEVE/quote
Is it just me or does it look like the 2 markets makers - DOMS and HDSN - are passing these 9000 shares back and forth between each other. Possibly to prevent a FAIL TO DELIVER?
When shares have failed to be delivered there are 13 days to cover them. To bypass this rule I have heard that market makers pass these failures between each other so that they gain another 13 days with each pass.
Could this be the case here?
Thanks for being so on top of everything.
Mike Shenher has emailed me that there will be a comprehensive reply to everyone's questions and a new website soon.
I have an email reply from the Snr VP of Sales and Marketing at TelVue.
I want to share this:
"Thanks for being a shareholder. As a rule, I can not comment on TelVue's share price but I can tell you that everyone here at TelVue is working hard for all the shareholders. As SVP of Sales and Marketing, I'm talking to customers all the time about TelVue's
products. I think TelVue has a great portfolio of products and
services which are well received and appreciated by our growing number of customers. It's an exciting time for TelVue as we enter new markets with new products."
Wanted you all to see this.
TEVE
I am honored that in 10 years as an I-Hub member you have only posted on 9 boards and this is one of them. Thanks for your interest.
TEVE. For sure yes but we are currently up 8.7% and climbing over weeks here.
Our favorite market maker is controlling the price action over here. If NITE was off the Ask this one would be at 9 cents.
TEVE. I don't see 12 cents I see 25. Stock is up 8.7% today and 80% Year to Date. Nice mover on the move.
Yes good.
A little news wouldn't help either. I asked the CEO to put out something answering all our questions.
TEVE. Up 8.7% today, up 80% year-to-date. Steady climber.
TEVE. Up 8.7% today. Stock up 80% Year to Date.
How do you know it is a sell?
You can't know even from Level II.
Could be a buy at Bid. Happens ALL THE TIME over here.
If it was an actual sell, it's pretty sad. Take away the commission and this is a handful of bucks.
TEVE. Up 8.7%. Headed back up to .49?
A limit order is the only type of order that can be placed on a stock trading under $1.00.
I have no credentials to offer investment advice and as far as I know, no one on this board does.
What would I (me, myself) do? I would place limit orders Good Until Cancelled at the 15-18 cent range, All or Nothing, routed to AUTO by special request of my broker. AUTO can get them from NITE's unlimited storehouse of shares -- since "everyone is dumping" NITE has tons of shares but still has to short 6000 from yesterday. Of course I am being sarcastic. Evil people like that creep at the OTC desk over at Knight bring out sarcasm and other unpleasant emotions in me. In fact no one is selling their shares and NITE has none so just get them as cheap as you can and hold them, IMHO. Let him dig the hole deeper. He's already in China so the next stop is Venus.
A Good Til Cancelled order lasts 30 days but chances are they would get filled this week with shorted shares, I'm just sayin'.
I still have to wonder what would happen if this stock ever got some real volume buying. Actually I don't have to wonder at all.
And you forgot to mention that he still gets his commission on the trade. It's a win, win for Knight Capital no wonder they can tout they have 85% market share in the OTC/Pinks. Just criminal, absolutely criminal.
I have to chuckle a little, except this is totally criminal. So someone gets shares at 12 cents (a freakin' bargain) and then the next guy in line gets them at 25 cents. The first guy has already DOUBLED his money. My guess is NITE sold the first 250 and the next 100 came from an order via AUTO or one of the other market makers.
God bless the 12 cent guy. There's not many games in town where you can double your money so fast - what did it take about 10 minutes?
Thanks, Qtip.
The easiest play in the world for Mr. NITE. Just say the Ask price dropped a little overnight and the first buy takes it down.
CPOW.
TEVE. Up 8.7% today. Has been trending back up since pop and drop around 49 cents. Will this momentum continue?
TEVE. Up 8.7% to .25. On the way back up to .49? Improvement in the Quarter over last Quarter. Billionaire for a Chairman of the Board. Company in place for 11 years and growing in the TV market with 1000 PEG TV stations nationwide.
Welcome back to the board.
Share with us, if you will, more of your ideas/concerns about this stock.
MY GOD.
If we weren't talking about people's hard earned money here this would be almost laughable.
Are you SERIOUS????? People buy 6450 shares and the (bleep) market maker -- that says he's got 5000 shares (see Level 2) for sale at 23 cents (1 cent cheaper than yesterday) -- shorts ALL of them except 450 shares? You can't fill 6000 shares without shorting, Mr. OTC desk guy over at NITE?
HELLO SEC?! Do you see this?
GET OFF THE ASK IF YOU DON'T HAVE SHARES NITE. STOP PRETENDING YOU HAVE SHARES AND BEING 5-10 CENTS CHEAPER THAN THE NEXT GUY IN THE LINE. IF YOU JUST OWNED UP TO NOT HAVING SHARES AND GOT OFF THE ASK WE'D BE AT 25 OR 30 CENTS, SINCE HDSN AND AUTO SAY THEY HAVE SOME. I'LL BUY T-H-O-S-E NOT YOUR VAPOR SHARES. When HDSN has sold the 9000 he says he has and AUTO fills the 5000 he says he has, what's next? ETMM says he has 7000 and UBSS says 13,000. So what does this mean exactly? 9000+5000+7000+13000 = 34,000. Does it mean if someone buys 35,000 shares tomorrow we can buy 1 share from VFIN at $100.25? I really have to wonder. Do any of these market makers actually have shares?
ANY OTHER STOCK IN THE OTC AND 35,000 SHARES VOLUME WOULD BE LOW. HOW LONG ARE WE GOING TO FLY UNDER THE RADAR BEFORE MR. BIG REALIZES HOW MUCH THERE IS TO BE MADE HERE.
Keep it up, NITE. No really, I want you to keep it up. Dig deeper and deeper it just means you will have more to cover. Enough angry shareholders and someone greedy looking to capitalize on your stupidity and you are gonna wish you never shorted a single share.
Maybe you already do.
Suffice to say we need more data.
When he says "we" have been having investors accumulate it could be colloquial, like when you are talking about the Yankees and you say "we really beat the White Sox". The "we" could mean CPOW or it could be IBA. It could be a grammatical error. Or maybe IBA WAS retained months ago. I am not sure.
Michael Shenher owes us a lot of data. There is timetable data needed. Data about Montana and Alabama, etc. And I want the (bleep) new website up.
I am going to assume that 250 share transaction at 12 cents was a little trick from NITE or one of his henchmen helping take the stock down.
I seriously doubt someone sold 250 shares for 12 cents = 30.00 which less the commission is probably about $23.00. No one is that desperate for cash, not even me (and the 1st of the month is coming soon with all its attendant bills).
This is either a buy at Bid or it was a very willful effort to drop the stock that lasted about 3 minutes. I will be there to buy shares with every penny I can muster if need be. It sure would be good to have some more help though. I've got a few friends that many here can thank for buying when no one else will.
Imagine if everyone stood up to the BULLY named NITE. A few REAL whacks at that Ask and I bet he runs and hides behind HDSN and AUTO and we're at 30 cents.
Either way it is quite clear the only thing left in the bag of tricks is cheap shots.
I really wonder what goes on over there at NITE. Does the guy at the OTC desk have to clear everything he does with TelVue with his superior or what goes on? I don't think they have this set up as a computer program because what computer is going to decide to sell my friend stock at 18 cents when the Ask is 23? 250 at 12. Now that's something I don't think a computer could come up with. This guy has a pair of brass ones.
I am not sure he realizes the dangerous game this is, however. A really smart guy with DEEP POCKETS could buy up shares SLOWLY accumulating at the 15-18 cent level. And then WHAM slap the Ask.
Don't think it can't/won't happen.