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Future tax write-off? Lmao
Einstein, that doesn't mean it can't be shorted if you are part of the book of a Market Maker........it just keeps regular guys from making the same $$$....
LT
You obviously don't know how market makers work. They don't follow the same rules as individuals. I was part of an MM book for years so I'll leave you to your thoughts....
LT
Kenegan, IF MM's were not allowed to short stock, there would absolutely be no market here what-so-ever. They don't hold inventory unless they are given orders to move. MM shorting is not illegal, it's part of the play. The big mm's don't stay short for very long if they can help it but all they have to show is a balanced book between long and short positions, not individual stocks. Do I like it? No, but there's no other way to have a market. If you had to match up individual buys with sells, you couldn't ever get out of one of these small stocks.....
LT
If MM's couldn't short stock, there would be NO market in stocks at this level. They do not keep inventory on hand unless they get caught. They short all these type stocks on the way up and work to even their positions and when they don't, they know the volume will eventually slow and they will be able to entice sellers as the price drops. It's the way it works at this level, always has and always will.
That said, I like LLLI as a play longer term and will maintain a core position until the scenario changes or the price runs hard.
GLTA,
LT
B9, I agree and I'm hoping GE is the buyer.....LoL
LT
It is looking more and more like those large blocks from late yesterday were our MM's swapping shares helping each other cover their positions and get back neutral. Don't know or care where they got the shares from but I have a guess....LoL
GLTA
LT
Ksuave,
I sure wish they had a like button like FB.....that cracked me up.... LoL
Orders from police depts and stock buying is what get this one moving. I picked up 25k today at .049 and .05 with NITE never moving their 10k off the ask which means they have quite a few shares. I think I could have gotten them at .045 but NITE jumped me to see if I would move, which I did. .005 on only 25k isn't enough to argue about....LoL
GLTA,
LT
It really does and I think it's going to look even gooder soon. This overhead in the 1 area needs to be cleaned out which is what a 2x rollover will achieve. I really like how all this is coming together as a company and think we really have a nice one here...
LT
I've owned this one, IMSC, CTDH, VODG for years now. If someone has a large position, a big news day like this one is the one they will pick to be a seller. Can you imagine where this would be with this much stock for sale on a low volume day? LoL
I've always said that a stock has to churn the float 2x to truly get the price moving and this one is working its way toward that number. When it get there, things will really get interesting....
GLT us all...
LT
I'm curious about what makes you think it's a short and not well organized selling from someone that bought a ton of shares at .10?
The push down has started in earnest. We'll see who has the most stamina now....
LT
I can't believe how long that has taken, b9.....LoL I've had all those with another agenda on ignore forever and it just works. I love an intelligent devil's advocate but that's not the case here.
GLTA as the battle rages at 1.20, then 1.25 and now 1.30...we shall see where it winds up today....
Lou
I'm so old they named dirt after me....LOL I was running a different Prodigy board when I first met Gary G many moons ago. I've enjoyed and unenjoyed playing these type stocks for years. Hope this one runs as a % as much as some of my others have lately...GLTA
LT
I've been a holder for years as well but I do enjoy watching a battle go on when there's size on both sides....
Somebody/somebodies are soaking up shares today. There are still pretty large numbers on the ask as it moves up but a big group has been taken out so far today....
LT
52800 bid at .0081
101000 bid at .0056
All asks show 10k up to a penny.....
LT
Ksuave, I was just fittin' to post that to you....Somebody long just put his money where his mouth is.....LOL
Take care,
LT
VODG has done a goodest job keeping their share count down. IMSC was another runner until they lost control of that fact....There's a seller out there but he/she seems pretty orderly so we shall see what develops.....GLTA
Lou
Yes, I've been picking up more VODG along the way hoping this one makes it a 3 way....LOL
Lou
CT_DH, CT_EI and VODG are all Gary Grobbel plays from years back that have come to life recently. Gary passed away but some of his picks still have a lot of life in them...
Lou
Mine as well....it's why I put the bid in. It never ceases to amaze me how many people buy these type stocks by hitting the ask to buy and killing the bid to sell.....oh well, that's where the extra money is to be made.....LOL
Lou
Ksuave, don't talk about my bid like that.....LOL When they kept hitting it today, I put in a lowball.....didn't pick up any but I tried...LOL
I wish they had a LIKE button on these boards.....LOL
15k was mine at 1.01 just to clean my position price, pay for another loser and take a nice trip......still got the big chunk....
LT
It's getting ready to blow.....it's getting ready to blow....wait... it already blows......LOL
Years ago we used to abide by the "3 day" rule.....that it took 3 days for the market to find and catch up to the news which was why we didn't want news piled on day after day...let the market digest the news and then hit'em again.....we shall see....
The wall at 1.10 seems to be rather high. It would be interesting to see what happens when(and if)it relents....
That's what happens when the volume isn't real with ANY stock, not just LLLI. Low volume drops means MM control which is how they make their money.....if they couldn't control low volume pricing, they couldn't make a market period.......then where would we be?
Why would roughly $7500 worth of action move any stock? MM's are not afraid of that action in any way make shape or form. You need to turn the float over in a stock 2 to 3 times to have a chance to double the price and hold it. When and if that happens, this stock will start to move. Any move of significance without that volume will be shorted off and the price will drop hard once the buyer(s) are gone........