Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
It's worse than "hosed". Given the volume traded so far today, I'm going to raise my estimate of the Reverse Split from 100,000-into-1 to at least 250,000-into-1.
They could wallpaper all of Planet Earth with the shares there must be out there now. Owwwww.... owwwwwwwwwwwww.... owwwwwwwwwwwwwwwwwww .... mommy ! Make it stop hurting !
TRIP-ZERO-ONE tomorrow, for sure. If the SEC doesn't just pull the trigger and put this already-half-dead horse out of its misery completely, that is.
This is getting uglier than a Lindsay Lohan mug shot.
There go the $.0005's. Wouldn't surprise me to see the TRIP-ZERO-ONE by EOD.
This is about the ugliest slo-mo train wreck this stock has ever put on. Oww.... owww..... owwww.. !
Sure is trading as though a Reverse Split is on its way, any time now. I'll guess it'll be a WHOPPER, too, probably 10,000-into-1, maybe even 100,000-into-1.
The stock has now traded the highest volume of the last four years, and is clearly going nowhere fast.
This is always - always! - the classic symptom of the dreaded R/S.
Sorry, "bigone"... this is nothing but a SCAM.... it's never been anything but a SCAM... it will never be anything but a SCAM.
If you insist on giving your money away, do it to a worthwhile charity.
Heads UP! The Perps are front-loading for the next Whiz_Bang Pump_And_Dump !
The Perps are front-loading for the next P&D. Simple as that.
Relax; Rome wasn't built in a day, either.
No, "The Perps" are whomever is behind these occasional P&D's, and with this little arf-er, it's definitely not the MM's, they don't waste their time trying to play the once-in-a-while P&D's such as this one, they just accomodate them when they happen.
The notion this stock will ever reach $.01 without the dreaded "R"-word is a laughable dream and a risable joke.
That said, it's still playable as the cheap violin that it is; one just has to watch for the telltale clues of The Perps front-loading for the next P&D. They always tip it, one just has to watch closely.
What's happening ? Glad you asked. For the second day in a row, another large block of shares was taken away at the ask and late in the trading day. This is the classic "signature" of smart money accumulating.
Here's the Time & Sales Logs from today and Friday, the pertinent trades highlighted:
BLTA 07-25-2011
Indicator,Tick,Price,Size,Time,Exchange
Trade,,0.048,160000,15:21:08,NASDAQ OTC Bulletin Board
Trade,,0.047,800,14:58:06,NASDAQ OTC Bulletin Board
Trade,,0.046,19000,14:54:04,NASDAQ OTC Bulletin Board
Trade,,0.046,25000,14:42:28,NASDAQ OTC Bulletin Board
Trade,,0.046,1000,14:42:24,NASDAQ OTC Bulletin Board
Trade,,0.046,1200,13:27:46,NASDAQ OTC Bulletin Board
Trade,,0.046,53000,13:25:14,NASDAQ OTC Bulletin Board
Trade,,0.048,2000,13:23:26,NASDAQ OTC Bulletin Board
Trade,,0.048,5000,12:29:44,NASDAQ OTC Bulletin Board
Trade,,0.048,8000,12:08:27,NASDAQ OTC Bulletin Board
Trade,,0.048,5000,11:37:26,NASDAQ OTC Bulletin Board
Trade,,0.048,10000,11:19:15,NASDAQ OTC Bulletin Board
Trade,,0.0495,10000,10:47:39,NASDAQ OTC Bulletin Board
Trade,,0.0495,10000,10:43:36,NASDAQ OTC Bulletin Board
Trade,,0.0485,10000,10:13:47,NASDAQ OTC Bulletin Board
Trade,,0.0485,2400,09:30:52,NASDAQ OTC Bulletin Board
Trade,,0.0485,7200,09:30:18,NASDAQ OTC Bulletin Board
Trade,,0.0485,12100,09:30:14,NASDAQ OTC Bulletin Board
BLTA 07-22-2011
Indicator,Tick,Price,Size,Time,Exchange
Trade,,0.0485,50000,15:15:43,NASDAQ OTC Bulletin Board
Trade,,0.04,3800,14:55:09,NASDAQ OTC Bulletin Board
Trade,,0.0475,6100,14:47:01,NASDAQ OTC Bulletin Board
Trade,,0.0475,1400,14:44:07,NASDAQ OTC Bulletin Board
Trade,,0.0475,67500,14:43:54,NASDAQ OTC Bulletin Board
Trade,,0.0465,100000,14:43:16,NASDAQ OTC Bulletin Board
Trade,,0.0474,72500,14:43:03,NASDAQ OTC Bulletin Board
Trade,,0.047,14000,14:18:22,NASDAQ OTC Bulletin Board
Trade,,0.047,36000,14:18:20,NASDAQ OTC Bulletin Board
Trade,,0.0475,10000,13:57:25,NASDAQ OTC Bulletin Board
Trade,,0.0475,40000,13:27:57,NASDAQ OTC Bulletin Board
Trade,,0.045,25000,13:24:17,NASDAQ OTC Bulletin Board
Trade,,0.04,14000,11:24:17,NASDAQ OTC Bulletin Board
Trade,,0.04,11000,11:24:15,NASDAQ OTC Bulletin Board
Trade,,0.04,10000,11:24:14,NASDAQ OTC Bulletin Board
Trade,,0.0425,15000,11:24:12,NASDAQ OTC Bulletin Board
Trade,,0.0425,5000,11:13:14,NASDAQ OTC Bulletin Board
Trade,,0.0425,6300,11:02:05,NASDAQ OTC Bulletin Board
Trade,,0.041,20000,10:58:56,NASDAQ OTC Bulletin Board
Trade,,0.0425,13900,10:55:57,NASDAQ OTC Bulletin Board
Trade,,0.0425,2100,10:55:55,NASDAQ OTC Bulletin Board
Trade,,0.0425,5000,10:23:16,NASDAQ OTC Bulletin Board
Trade,,0.0425,13900,09:46:02,NASDAQ OTC Bulletin Board
Trade,,0.0425,1263,09:46:01,NASDAQ OTC Bulletin Board
Trade,,0.0425,8637,09:45:42,NASDAQ OTC Bulletin Board
Trade,,0.045,9200,09:45:12,NASDAQ OTC Bulletin Board
Trade,,0.047,28000,09:43:36,NASDAQ OTC Bulletin Board
Trade,,0.05,5545,09:40:53,NASDAQ OTC Bulletin Board
Trade,,0.0499,7155,09:40:53,NASDAQ OTC Bulletin Board
Trade,,0.048,5000,09:40:45,NASDAQ OTC Bulletin Board
Trade,,0.047,10000,09:35:59,NASDAQ OTC Bulletin Board
And then on Thursday, 07-21-2011
BLTA 07-21-2011
Indicator,Tick,Price,Size,Time,Exchange
Trade,,0.047,100,15:34:43,NASDAQ OTC Bulletin Board
Trade,,0.047,100,15:34:34,NASDAQ OTC Bulletin Board
Trade,,0.047,10000,15:14:12,NASDAQ OTC Bulletin Board
Trade,,0.047,300,15:06:43,NASDAQ OTC Bulletin Board
Trade,,0.047,10000,14:59:07,NASDAQ OTC Bulletin Board
Trade,,0.047,56500,14:59:04,NASDAQ OTC Bulletin Board
Trade,,0.045,6200,14:11:44,NASDAQ OTC Bulletin Board
Trade,,0.042,10000,14:10:35,NASDAQ OTC Bulletin Board
Trade,,0.047,12000,13:52:15,NASDAQ OTC Bulletin Board
Trade,,0.047,86800,13:23:02,NASDAQ OTC Bulletin Board
Trade,,0.047,5200,12:30:16,NASDAQ OTC Bulletin Board
Trade,,0.047,8000,12:29:24,NASDAQ OTC Bulletin Board
Trade,,0.043,10000,12:22:11,NASDAQ OTC Bulletin Board
Trade,,0.048,7980,12:19:09,NASDAQ OTC Bulletin Board
Trade,,0.046,17000,12:10:06,NASDAQ OTC Bulletin Board
Trade,,0.043,30000,12:07:40,NASDAQ OTC Bulletin Board
Trade,,0.046,21500,09:30:14,NASDAQ OTC Bulletin Board
there was that 86,800 share block.
Even at under $.05, these aren't "chump change" buyers. They also aren't part of any sort of coordinated "buy campaign" being run by some newsletter or some other sort of P&D artist.
This is "anticipation" buying; and as the blocks get larger, the anticipation clearly is growing.
That's the way The Perps want it. Sudden price / volume spikes and then wear out the impatient with paint-drying boredom in-between those spikes. That's how this stock has always behaved, and unless some Paradigm Shift takes place in the mind of management, that's probably how it's always going to behave. But play it like the cheap violin that it is, and that means watching the chart and waiting for The Moment(s).
As for the chart
JCDS - Daily Candlesticks
it's still looking great, unless... $.0008 is broken on more than about 750,000 shares.
Notice how CMF has remained green even during this lethargy, and how both Stochs and MACD are making the classic "hook turn" from oversold levels, MACD more so than Stochs.
But in the meantime, THIS stock is a SCAM.... always HAS BEEN a SCAM... and ALWAYS WILL BE a SCAM, run solely for the benefit of Catherine And Her Connected Cronies.
I live in Dallas where Penson is headquartered, and as an IT professional I know some of their IT people.
Penson is facing an ABSOLUTE MUTINY from the firms for whom they clear over this matter and will, I'm told, be quietly letting the matter die a quiet, well-deserved death. After their recent illiquid-bond debacle, they don't need any more grief than they've already brought down on themselves with that little gaffe.
Another example of some idiot at the top not taking The Law of Unintended Consequences into consideration when making some stupid decision.
SCAMS never answer... ever !
Nor will there be one..... ever !
Uh.... "louijohn" ? You seem like a reasonably intelligent individual, your investment in this SCAM notwithstanding.
So.. the question before the house, then, is this:
What's it going to take, "louijohn", for you to realise that this is a SCAM.... it's always BEEN a SCAM..... it will ALWAYS WILL BE a SCAM... ?
That said, one certainly has to admire your bravery, if not your intelligence, by your apparent willingness to ride this SCAM to the TRIP-ZERO-ONE commode... were you a Kamikazi in a previous life, by any chance ?
At this point, one of two things are at work:
The proverbial "somebody" knows / learned the proverbial "something" and was doing some front-loading at about 10:30ET; OR
Somebody tried to jump-start a Whiz_Bang P&D at about 10:30ET and it didn't catch on.
The fact it still has good bid support above yesterday's Close supports the former theory. If the "somebody" comes back this afternoon and starts clearing the $.0005's that'll be a good sign.
Ok..... nobody takes down 86,800 shares on the offer all at once unless they're awfully sure of something.
Unquestionably, "something up". CrimNake Short Stooge AUTO just got on the bid for huge size. If CNSS's HDSN and / or VFIN join them.... Party Time.
"Real" ? "Huge" ? Har, de-har-har-har! ( and -har! ) Nothing of the sort. What that article does demonstrate is the poor quality of journalism as practiced today.
"Canadian pellet producer Biomass Secure Power "
Huh ? They're not a producer. Never will be ! Not of anything resembling wood pellets, anyway. Perhaps some other kind of softer, more odiferous pellets, but not wood pellets.
Had the writer even bothered to check the simplest of facts, they would have discovered BMSPF is most assuredly not a producer of wood pellets, just hot-air PR's and ludicrous claims of having some nebulous "contract" with a Korean company that has probably never heard of BMSPF, and wouldn't know them from Adam if asked.
See, "Pipa", that's why you'll never be a very successful investor, you insist on painting everything and everybody with the same brush, and leaping to erroneous conclusions based on insufficient facts, without bothering to investigate the circumstances surrounding each individual sitution.
The stock in question there was a no-questions-about-it Pump_And_Dump, of which I happily took advantage.
Totally DIFFERENT from the Baltia story. A REAL company, with a REAL plane, and a REAL plan. ( I love it when a plan and a plane comes together, don't you ? )
Now... buy every share you can find the funds to do so... or wish that you had. Your choice.
Ok... everything's about as ready as it's going to get... the CrimNakes are painting 100k buys as sells...
See.. that's your problem.... you're looking at the wrong things.... moving averages are next to worthless in anticipating a move... you have to watch things such as MACD, CMF and other price / volume indicators to judge when a stock is being accumulated for the move.
"Ooops", nothing, 'Sparky. In fact, the chart is even more bullish than it already was when I made the previous post...
JCDS - Daily Candlesticks
Now... go take some chart-reading lessons so you won't make yourself look even more ridiculous than you already do.
http://stockcharts.com/school/doku.php?id=chart_school
You're welcome !
Pssssstt! Guess what ? That's right... the Dirty Little Whiz-Bang Pump-And-Dump is already over .
Sure sandbagged a load of NewBOBs*, though, didn't it ?
And The Perps say...
"Thank$ for the C A $ H, BUNGWAD$! "
*NewBOBs = New Bunch Of Bagholders
Wow... the wheels are coming off this ScamWagon Pump_And_Dump, already. Could be an ugly afternoon back to the Trip-Zero-One Abyss.
Timberrrrrrrrrrrrrrrrrrrrrrrrrrrrr............ !
The Perps are front-loading for the next Whiz_Bang_Dirty_Little_Pump_And_Dump
Nothing mysterious about this; it's time for the Semi-Annual JCDS Pump_And_Dump, playing now at a quote screen near you.
Best volume of 2011 by over a million already; 18th best of the last THREE years.
Play it like the cheap violin it is and always will be and have your chair bought and paid for when the music stops. Because it will. Again. Like every other time before this one.
There's more going on here than just a quickie, Whiz-Bang P&D. Some of you who've been around a while might recognise the name "Stan Weinstein". The past three days have Stan's "Big move before the BIG MOVE!" look to them.
Acting as though Pinocchio Joe is about to spring one of his boffo Big Lie PR's. The Perps appear to be front-loading and aren't even being subtle about it.
You want to be in this one because this is where the leverage is.
Frank will act if it makes sense for him to do so; if not, no.
Just a couple more days of wash sales and ratio trades to get the Chumps good and buttered up thinking "Something's gonna happen!" ( eyeroll ) and it'll be ready to get dumped back into the Sub-Penny Abyss until Jim can come up with the next Pack Of Lies.
Waaaaaaaaay too predictable.
It's on Edgar, where every SEC filing is made.
Heads up ! Might be a P&D on the way. Believe it or not, they've filed a 10-K ! ( yeah, yeah... probably a Pack Of Lies, but let's see what they've got up their sleeves this time )
Obviously, you have no idea of the many forms "dilution" can take. Ok, learn the hard way. Shrug. Here's a hint, though: ask yourself why the stock has taken a 50% haircut since the announcement of this supposedly "non-dilutive" financing.
@JOHN11 : Imperative that you communicate to Mr. Bourque the imperative need for a 2-for-1 Forward Split. ASAP !
Along with other matters of concern.