You mean these guys?
http://en.wikipedia.org/wiki/Interactive_Brokers

I don't think it's hard. Just requires the right knowledge, emotional control, planning, and balance between impulses and patience.

Thing about block orders, is that, the larger they are, the more potentially profitable, but more cumbersome.

So while we put in our tiny little orders, like extremely maneuverable PT boats, the aircraft carrier that is SUNR has to deliberate on where it's going to go next.

I have a feeling that it's probably 20 mil shares or so, and, after enough clearance-- say 10 mil shares-- it'll crush all remaining bids. I've seen that over and over again.

Then the people like me, with our PT boats will swipe them at or very close to the absolute bottom. Buying at today's HOD might be buying at the high for the next 30 days. Not too bright, imo.

Oh definitely. It even happens on the Nasdaq/NYSE/Amex stocks, regularly. I guess because they're market makers, cornering the market and insider trading are okay? Lol. No idea.

Maybe it's a case of, innocent until proven guilty. You have to prove their intention was cornering the market or that they new about the news before everyone else...

Also, I didn't say there was no short position. I was just saying we don't really know why SUNR is there. We just know it's there. It's like trying to figure out the name of someone based on the ip of a proxy they're using.

Hehe, not really luck. I just try to avoid wasting energy on internet conflicts. I have a really large number of stocks to keep track of and don't have time to get into flamewars with company fanboys. I just let them lose money and try to help the 1% of retail investors that will listen and are willing to learn.

Thing is, if an investor loses money because of obvious signals and then quits, that's 1 less person adding money to the market. So if I can help even 1% of people realize how to not ruin their accounts, that's 1% who contribute to the correct trend and whom add volume. That's why I'm here.

I hate when people lose money doing blatantly avoidable things-- like buying at .0014, for example. SUNR is right there! Derp.

Because http://otcshortreport.com/ makes crap up based on float or something like that. It's not a website I trust.

If http://www.otcmarkets.com or http://www.otcbb.com could confirm their numbers, I'd consider them a little more credible, but right now I consider them to be just like ihub. Opinions.

Hell, http://www.mywot.com doesn't even have a rating for them because they're so unknown.

As far as I can tell, only institutions short and they use something like $2 for every 1 cent borrowed or some insane reverse-margin rule like that (at least that's what people on ihub have told me and-- well, yeah, it's ihub).

It's usually more profitable to just short over-rated blue chips. Hell, I'm sure some genius shorted OSH a year ago. Imagine how happy he is.

One thing you'll notice on ihub is that people claim "it's a short!", usually without foundation. I've been called a short like 5 times in 5 months and, last time I checked, none of the brokerages I have ever talked to allow me to short pennies.

SUNR could be anything. A short, a diluter or just some rich guy who told his microcap firm that he wants them to cut this one loose either partially (risk management) or fully (thinks it's not worth it).

SUNR's going to do this all day. Just a heads up to anyone new to this.

I can't short. My brokerage doesn't allow it.
I'm not going to argue with you or your inexperience in this market.
I'm just going to ask you if you even know what VNDM is or how a penny stock gaps up without insider movement.
If you can answer those two, we can continue this discussion. Otherwise, I have a watch list of about 400 stocks that I need to attend to.

Man, this is going to hurt a lot of people. I'm amazed that people are this stupid. You do realize that all the people that bought these VNDM and SUNR shares are going to have to sell them at some point? What exactly is that going to look like? And you know not everyone will get out safely. There's always that huge mass of retail that insists that it'll come back, even when they're down 90%.

Did you even read half of the comment chain?
He claimed TD Waterhouse allowed retail investors to short and I pointed out that it really doesn't look that way.
I'm aware of what institutions are allowed to do. That's not the topic of this discussion.

I was hoping he'd refute what I pointed out so I could learn something new (he know something I don't?), but he hasn't done so, leading me to believe that he was just plain wrong.

That's pretty damn silly. It's the information age. All you have to do is Google "stock market holidays" to see when it's closed.

Careful. I got temp-banned awhile back for telling the truth. Honesty is against the TOS.

Straight off of:
https://www.tdwaterhouse.ca/webbroker/help/shortselldef.htm

The following securities cannot be shorted:
Securities trading under $ 1.00

NASDAQ Bulletin Board and Pink sheet Securities.

Any Canadian over-the-counter securities.
Securities which have had their margin eligibility removed by TD Waterhouse.

tl;dr

What? I didn't attack anyone. I just stated how futile it is to warn retail investors about not being emotional train wrecks. I only still do it because maybe 1-2% of them might take heed and learn how to do actual analysis (you know, that thing they never, ever, ever do).

It's a thankless hobby and one that rarely ever does anything (because you really can't fix stupid), but I do it when I feel like it.

Good for you. It's not .0008. That's all I care about. I don't care about your agenda. I care about what this will do and I think it'll do a lot lower than .0025.

There are about 350 other stocks I have in my view. This is nothing special to me. None of them are. I rather miss 15% gain than lose 50% in a matter of hours.

You're right, we're all here to win. Many will enter, few will win. I'm only here to warn you people that this thing is still in it's dump phase and that no professional would be stupid enough to buy it at this price.

If you want to hold for 10 years, that's your prerogative and my words don't apply to you, since you're in an entirely different boat. My words apply to those who actually value their money and time.

Sell all your assets, pull out cash advances and loans and put all that into this thing, too. That's how.

Chances are, I'll either be there to sell it to you or to buy it from you. The timing we have is probably exactly the opposite.

Some people are just really good at buying high and selling low and while I shouldn't try to educate them, I can't help myself.

Anything could dump. They're just proxies (even if they're proxying for themselves). Who ever did the dumping and for whatever reason they chose to-- they could just change to PERT or SUNR and it'd still be same deal. Someone doesn't want this thing at this price and they'll want it once it's done getting branded, beaten and drawn and quartered. Doesn't matter if it's the ****ing CEO, Warren Buffet or just some guy with a net worth of $50k who sunk it all into this thing. It's the same mechanism. They didn't want the shares at this price.

I sure don't. Poisonous well needs to be cleaned before I'm sipping anything from it.

First, that doesn't mean a thing. I've seen these guys (which ever MM is the axe is for the day) come and go before.

Second, no one with half a brain will buy this at this price if they even half-know how to use a chart.

The implied volatility and the lows of the past show that this thing isn't finished, it's only gotten started.

This stock is over-bought, pumper left, will watch train wreck ensue.

Inb4 all the bag holders tell me I'm wrong. If you're in the +25% to +50% range (if you bought at .005), get out before they do. If you haven't made any money on this, you're probably the sucker. Sucks to be you.

Good luck to the smart and enjoy the drop. It's a good view from up here.

Bag holders will be bag holders.

It moved so fast it looked invisible to the naked eye.

Thing is, it does look a lot like a short attack. All that volume out of no where, prior to the freeze. It's perfectly reasonable that someone might try to beat the stock down further, using the 10-K as a catalyst to run their dump and pump (exactly what it sounds like).

Also, I don't check P&D. First off, every single stock in the world is a pump and dump. A university conducted a study showing that all charts wind up being the same. Up, down, rinse, repeat.

Only exception seems to be stocks that are going bankrupt or have been proven to be a fraud (not the same as speculation).

Half the things on P&D are easily profitable for flippers. P&D is run by some moron who probably got burned excessively bad, pulling out a second mortgage trying to do what I do. He either didn't have the technology, the gumption or the intelligence for it, so now he runs a very questionable, highly biased anti-penny site.

I could type anything I wanted into HTML, too. Doesn't make me special or my opinions verifiable. It's $10 to get a URL. Remember that, guys.

"This boards are informational".
I heartily lol'd.

They are technically informational, but do we really trust anything said on here? If so, did we eat lead paint chips as a kid?

I treat this place more like YouTube. It's an entertainment site.

Suit yourself. How long have you been trading? Just curious.

I wouldn't touch this thing until it's near .003.

1) It breached .004, already.
2) Way too much selling pressure. No one's in this to see a .0005 "rebound". That means it's going down. It won't go up, so it must come down, first. That's how bounce-plays work.
3) Negative trend. (Albeit, a very infrequently updated one.)

He's not always right. I saw him call .0004 on BMSN, (or some other stock*), awhile ago and I stopped taking him seriously at all, ever since then.

* = Not sure because I burn move through stocks faster than Bill Clinton moves through women.

Depends on your strategy. I never invest in pennies. I just trade. For this, I didn't even want to intra-day trade. For most, I usually like to swing trade, looking for those 50-100% ROI pops (but this takes timing and even I get the exit wrong by 20% more often than not). The idea is to consistently pull a profit. I also never go all-in, these days, unless there's a clear-cut winner (again, complicated set of rules for that) and it has the volume for an all-in. For most days, I revolve orders, so I'll have 1/3 of the cash poised for stock 1 strike 1, 1/3 for stock 1 strike 2, and 1/3 for stock 2 strike 1, or any other combination of account splits.

I don't really focus on splits, reverse splits, promos, etc. I just look for whatever is most volatile and voluminous at the time.

I practically ignore everything said on here, especially hype (hurr, be scared, hurr be greedy).

Good luck and make sure you know exactly exactly how you're trying to make money before putting money on it.

Oh look the BMSN cult is still defending this thing. Color me surprised. *rollseyes*

It's a shit stock with no trading potential as of current, hence the price reflects the demand.

Demand = ZERO. Deal with it. Don't get butt mad at me.



"2 years of experience". You mean you've consistently lost money for two years and like blaming the MMs. FTFY.

Totally up to you. Personally, I'm usually pretty dang ballsy, but I'm giving this one the silent treatment. Looking at MJNA @ .1 or .08, instead. ABKFQ is poison, imo. Plenty of other fish in the sea.

I'm also diversified, right now, because there aren't any clear-cut winners, today (from my POV, anyway).

They don't have time to do manual control on microscopic stocks. They use algos (some of which can get quite complicated, when they take into account certain risk-control algos, etc).

The people I played with were 90% traders (rival traders in this case), not algo block orders.

I know an algo when I see it. People underestimate the appeal of penny stocks to entrepreneurs. They just assume everything is a robot. Not the case. The price came down because this stock is boring. Scared all the intra-days away. No manipulation, just honest disinterest in such a slow and boring P.O.S. Welcome to reality.

I usually flip, but man, I wouldn't touch this thing with a 20-inch stick. It's an outlier. -80% is outside my threshold for acceptable trading and the chances of timing this properly are pretty dang minimal.

Happy winnings to those who did, today, though.
I just think the odds on this one are really tilted against the trader. There will be no 100%-200% ROI pop on this one.
There's just tiny little gains on tiny little orders and that's that. Not worth the money put on the table, imo.

It's like trying to count the cards in a game of blackjack that doesn't have any face cards in it.

So it'll probably MM algo time-decay before then, I would guess. Like a really bad option that's about to expire, lol.

Would you agree with that assessment?

So the canceled shares just... Poof? I'm not familiar with this side of the market (I'm a technical trader).

I feel the need to warn you guys (mainly because halted money is money that hurts the market), that this thing is at extremely high risk for getting halted indefinitely and then sent to the grey sheet graveyard, never to be seen again.

Don't say I didn't warn you. I'm not even sure I want to intra-day trade this ugly thing.

Never bet against the IRS. This company is fried. I would not be the least bit surprised to see the L2 get cleared out today by a halt.

Good luck to all, and again, be very careful around this one. That is the worst news I've seen in a very long time for any company, penny stock or not. Worse than a promo, worse than BOPT shorting, worse than chapter 11. It's chapter 11 with the IRS out for blood. Effin' poisonous.

Just my prognosis. I've been wrong before, but I'd never bet against the IRS. They have an infallible and ruthless track record.

Stick a fork in this one.

Of course. I just did one of those, yesterday. Breach the thin trades while having an order resting at a lower level. When that order clears, you stop dumping and let it run back up on it's own accord (or pump if you so desire). Happens all the time.

Helps drastically if you can convince people it's trash while you load up at the bottom, hence all the spam on here.

That could be considered someone having fun, don't you think?

Anyway, the volatility is what I was referring too. Whatever you want to call it, it's still holding a channel. I don't really trust what anyone says on here, I just watch stuff on my software.

It's interesting, regardless of whatever you want to call it. To say it's not means you probably shouldn't be in the OTC market.

Pretty unusual stock, for sure. Someone's having fun with this one.

I was at my prime that day. I lost extremely minimal amounts on this and that day was boring, i.e. no other stocks had any volume or were fully pumped to the point I didn't want to touch them.

I made my losses back AND some by EOD. The numbers tell me that, even when I'm wrong I can be right.

I don't marry stocks. That is one of my greatest strengths. My weakness is that my ambition can kill my account. I balance this with quick exits on poor stocks. At .0028, this was a poor stock. I'm not even sure it's worth .0024, now.

Look, I know you guys have this little cult, here and that's all great, but you should NOT go all in.
I can tell 90% of you don't have the manual control skills to handle an all-in position.

It's not meant to be insulting. It's meant to be the truth. I shouldn't even go all-in, but at least when I do, I am fast to spot a mistake and exit fast. At 5:30 in the morning, I had decided that if this thing clears a single block order at .0028, I would bail ASAP! That's the level of dedication required to play as psychotically as, "all-in". I still don't recommend it, even for a so-called "pro". My damn business teacher doesn't recommend it! The experts all over the world, the billionaires, etc...

They don't recommend it, either. At your own risk. Don't say I didn't warn you.