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We do have buying pressure just not as high a volume as you want. If the shorts had won today this would be at or below .01. We did trade there but came back to .02. I think they will bail soon on this and cover to take profits. With the low float this should shoot up nicely. At least thats what I keep telling myself after averaging down for the third time now.
.21! Funny how those old gaps tend to close. Hey ASW How about adjusting the posted market cap, it's under $10 million now. If you love this stock come buy some SMEV. Misery love company. However, I think it is at it's bottom after today and CJGH is getting near but breaking under the lower BB is not good. Do not sell out for a song. That is the goal of those that short these stocks. Hang in there and you should get a nice bounce at some point.
All right you bargain basement shoppers, at the risk of losing my high paying job as moderator of this Ibox, I again think we have a bottom. Those of you that use candle stick charts will note the dragonfly doji which is sitting atop the lower BB.
The shorts got us down to .01 today and we fought back to .02 with the closing bid at .019. The way this fight has been going I will take that as a victory however minor. So hold your breath if you want but I still do not see sub-penny on this one.
You know it is manipulation by the shorts. Same thing as happened in UHCR and is still going on in SMEV. Look for the gap at .20 to be filled. That MAY be the bottom but at the very least is where I would start looking for it.
You might be right but the MM's do not seem too eager to lower the offer much less than .02 which is where I reloaded. It is more than obvious that there are large shorts out there that are manipulating this stock. They are placing large blocks for sale to keep the price from making any move forward. This stock has been under accumulation for weeks and the price goes nowhere or down.
Look at the small qty of sells today (as of noon) and then tell me that is going to lower the bid to .01 after many days of buys over sells at 7 to 1 or better and volume in the hundreds of thousands. This is what should piss people off. They do this to get people to hand over what is left of their investment for nothing so that they can reap a huge gain. I hope money keeps flowing in here to put an end to the bear run these guys have had but it's hard to beat big money when it comes to manipulating pinky prices. These guys are good at what they do. That is why the vast majority of bull runs start at .02 or less. The shorts get out and take their profits and the bargain hunters start to buy. This is especially true for company's like the one I believe SMEV is where there is a good chance of making a profit.
If you have not seen it, check out yesterday's PR by UHCR. The same kind of crap that is going on here took place there. The company CEO finally had enough of it and called out the people doing it by starting an investigative audit. The share price had a huge rally the same day. Might be some difference there because it did involve a forward split but the shorts are playing out the same game here. I'm not saying that I know anything illegal is going on, just that the price manipulation is obvious.
While all this drama involving the so called investigative reporting and possible lawsuits regarding the validity of the info is interesting, the real questions for investors regarding this company are:
1. Will any bank in the current tight money climate loan money to finance this venture which as stated by Thrush is to expand production?
2. Would any group of investors or bank considering committing funds to a business named in a lawsuit such as is the case with IAHL regardless of how frivolous be approved until such lawsuit is resolved?
3. What impact would the current economic downturn in addition to the collapse of the U.S. dollar have on any business seeking to expand production for current products and to launch new products during such conditions?
I took heat for saying long ago that the gap at .20 was going to be filled. I still think it is. Don't feel too bad, instead of buying this one I loaded up on SMEV. Trust me, the chart is much worse than this one. I will buy in around .22 which by the looks of thing isn't all that far away. I called it on Jan 16, post #2490.
Buyers way over sellers again today, picked up another 12k myself; bid up to .02. Might be getting closer to a real move here.
Well we know the company is feeling pressure to get out some PR's to help us stockholders at least feel at bit better since the price seems to have fallen into a bottomless pit.
Anyone familiar with a chart formation called a crack and snap? Just a thought, if it is we should soon find out.
But the time and sales show nearly all the trades going thru at the ask and they still lower the bid and ask. Who gives a flip what the negative folks say here? Makes no sense to me. There will always be shorts who try their best to talk down a stock. The only difference here is that some of them may have escaped from their padded cells.
Yup, why do you think this thing is tanking when the buy volume is way higher than the sell? 12 to 1 buyers over sellers today alone. MM's shorting to cause a liquidation of disheartened shareholders to cover shorts? Volume has been way up in the past few weeks and higher on the up days.
Yup, he gave me some possible answers, thanks
Makes no sense, buying has been steady. Look at T&S for today. Been like that for 2 weeks. I am still buying, have been all the way down. looked like a base was forming at .03.
Company has a neat product and claims to be making a profit. Just went public, did have significant fallout from 1 for 100 RS for shares inherited from old shell FAVE.
No, several
SMEV. has been basing at .03. Today buys 12 to 1 over sells and bid drops from .03 to .011. Day after day many more buys than sells and no upward movement.
Even if no trades are going thru at the bid price?
Can anyone tell me what is going on when day after day the buys out number sells by a wide margin but the bid/ask keeps on falling? My guess is MM manipulation. Is this what they do when they know a stock is about to rise but want to cover shorts? Also, is there any truth to the MM signals listed above? I saw several 411 trades yesterday and have also seen some 911's. TIA
Can anyone tell me what is going on when day after day the buys out number sells by a wide margin but the bid/ask keeps on falling? My guess is MM manipulation. Is this what they do when they know a stock is about to rise but want to cover shorts? TIA
Can anyone tell me what is going on when day after day the buys out number sells by a wide margin but the bid/ask keeps on falling? My guess is MM manipulation. Is this what they do when they know a stock is about to rise but want to cover shorts? TIA
Market makers must be short this stock. Buys outnumbered sells more than 12 to 1 today and the bid drops to .011 from .03? Something fishy going on here. I think someone wants to buy back short shares for nothing. Buys have been way way over sells in the past 2 weeks. I do NOT think they would have many takers at the bid. Hope they get burned real bad!
I like the year plan
Nice, I'll have to keep an eye on you. Could use the help. I have a small amount of UHCR but also have a bit of IAHL, SMEV and VSTR. have you looked at any of those? I wish I had taken a larger position here. I would guess it is not too late to add here?
What is a realistic target price on this one?
You seem like an all your eggs in one basket kind of guy. How does that work out for you? Scored any big wins on other penny stocks?
Back to .036 now some cad just dumped 61900 @ .036
Nice base forming on SMEV with increasing volume. Ready for run IMO.
Price continues to firm at .03 area forming good base for a strong rally. Volume continues to be strong with increases on up days. Buying pressure is increasing without any news at all. There may be some trying to short this but when they are forced to buy back there will be hell to pay.
For those of you that still have doubt compare the volume all the way down on the decline to the volume levels we have now. What do you make of it?
Yeah, but from what or whom?
It seems that they only issues PR's when instructed to by the company. As far at the stock goes it still looks bullish to me. We have been building a base at the .03 level. It is said that volume goes in the direction of the major price trend. If you note the recent higher volume has been at this low around .03 and increases on up days while decreasing on the down days. This would tend to indicate that the direction of the share price would be up from here.
I would be surprised to see this stock go sub-penny. I think that there are far more people watching it than the boardmarks indicate.
I'm holding my breath but .03 looks seems to be shaping up as the bottom. If we hold today and it looks like we will that will be 8 days without closing below it. I don't know about the rest of ya but I just added another 10,000 at .03 and they raised the ask to .035. Let's hope some news comes out next week. Anyone besides me looking at that gap up around .11?
Check it out:
http://ih.advfn.com/p.php?pid=webchart&btn=s_ok&s_symbol_select=PINK%3ASMEV&symbol=PINK%3ASMEV&s_ok=OK&period=1&drawmode=2&size=19&volume=1
Thanks alot, all I wanted was to get em at .038
One more sell and the bid will be .025, only 5k bid now at .03. Ask at .049. May get my .038 order yet, and I raised from .034 this morn.
Naw, good support at .05. Candles say bounce in works, then again candles are made to melt.
For you and some of the other disenchanted here:
Think this is about our CEO Mr. PVD?
Since the PPS has taken such a beating, would this not be a good time to buy shares? If the price adjustment you predicted has already taken place and I can buy today and have twice the number shares next week, would that not be a nice gain? Or is it the case that you still see further decline from here? I would have to say that it does look due for a nice rebound and would not be surprised to see the gap at .10 filled before too long.
Wish I had some cash to buy this stock today. I think it will rebound from here and fill that GAP at .10. Just looking at the charts and I don't think its going lower than .03. Candle sticks anyone? .03 is the very bottom of the BB and there is plenty of support at the bid based on the level II.
All but one of the deletions here were done by Admin and not me. That means either your language was a violation of the TOU or it was seen as a personal attack. I think the use of certain words flags them to review. You can appeal the deletion and have it restored if it was not justified. They will also explain why it was deleted. I am not sure of the exact semantics that merit a deletion, but from your posts we have learned that calling a poster a liar is cause, accusing them of putting on a charade is not.
You need to understand that Ihub is a place for the free exchange of ideas both pro and con. If that offends you then please go elsewhere. If you disagree with another poster then state your reasons but personnel attacks are a violation of the terms of use. They will be deleted and those doing so repeatedly my be banned from making additional posts.
As far as SMEV goes, if you hadn't noticed it is a different company with a completely different product. They bought the shell from FAVE. What happened to the assets of FAVE I do not know and like people who became shareholders after the change do not really care.
If you want to start your own board to discuss your investigation of FAVE then you can do so. You can even discuss it here but please refrain from personal attacks and accusations. You can not question posters motives but you can debate the merit of thier message.