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Yes you are right the toxic lenders are like money printers. However As they print the shares they short them at the same time. Printing shares makes them a lot of money. Printing shares and shorting shares days ahead of printing fresh shares makes them exponentially more then just printing them. Its just straight logic to deduce they naked short. Add the crumbs of evidence of Regsho list as well as Yahoo Bob who knows his stuff logically with numbers thinking HMNY has 35 million shares as of Friday. Well it traded 150 million. Every share traded more then 3 times in one day. Or was it shares not issued YET being sold as a large part of that 150 million. It is what it is. They are naked shorting. They are making a killing as they always do. Im off to bed but I enjoyed the conversation. Have a good night.
Usually a stock in a toxic death spiral gets a dead cat bounce 3 to 7 days after first showing on Regsho threshold list. Ive seen one take as long as 14 days. Sometimes takes a little longer but 3 to 7 days is the norm from my experience. GBSN took 7 days in 2015 for example before its first dead cat from what I remember. As I've said before no slam dunk on that its just what ive noticed over many years.
Yep its "legal" because they are a MM. What you say is also true about failures to deliver but I'm going to stick with greed and go with the scenario which by far would net HMNYs lenders the most money. Its a no brainer, why wouldn't they? No logical reason not to naked short, makes them tons more money. I don't like the whole thing. I don't like companies that dilute like this and are horrible to shareholders and I think toxic lenders are even worse. I think personally they are greedy corrupt 2nd rate MMs that feed off of the weak. Whos worse the drug addict or the drug pusher? Companies like HMNY are the addict and lenders like HMNY has are the pusher. Most will say the drug pusher is worse. Regardless its all wrong. However because of greed HMNY's lender will give HMNY a pps boost when they so choose for the reason I explained before and then short it to death again and just like all the rest will leave it for dead once they have gotten all they can get from their addict. This is extremely predictable and frankly not very hard for a bystander who's seen the movie hundreds of times before predict whats going to happen. If the company wants to be an addict and toxic lenders want to take advantage then best thing a trader like me can do is know the process and make as accurate predictions as possible.
I've seen it a hundred times. A company with crappy financials gets a loan from a toxic lender. Toxic lender knowing there will be dilution shorts ahead of the dilution usually 3 or so days ahead of it. Process continues until either lender who is a MM decides they want to make money on upside for a short period of time stops the naked shorting or company stops diluting. Failures to deliver show up because on settlement dates the naked shorting MM doesn't have all of what they shorted days before yet to deliver. As dilution continues they deliver shares but make a killing. Here shorting at 21 and deliver shares at 6. Short at 6 and deliver at 50 cents. They'd be stupid not to do it and since they are a "MM" they get away with it because they "make a market". As a toxic lender there can be no other way to make greater money then to do this and so it is of little doubt that they do what makes them the absolute most money. Lastly they will flip a switch at some point and HMNY will run for a few days because again they make more going both ways, especially once they got their fill on downside. Rise it up, pump it up and make money up for a few days then short again with a higher pps to make gains shorting from again which is more money again. This is all about money money money and no one can tell me the toxic lenders are not going to do everything to get the most money. What I explained is how they can get the most money.
Hard to say refferring to bottom. Long term bottom no I don't think so because they will keep diluting but a short term bottom is possible. The thing has been naked shorted to death by most likely HMNY's lenders. Many will come up with all kinds of excuses why thats not happening and ask for "proof". Although not absolute proof a stock being on Regsho threshold list failures to deliver day after day from sellers not delivering shares happens from naked shorting. Why are shares not being delivered? They are selling them before they get them in reality from dilution. Selling two days or 3 days before you own the shares is naked shorting. Also Yahoo Bob who by far seems to be the most knowledgeable about this company and he has detailed knowledge of their finances and filings and is a huge bear on this stock says he thinks HMNY has 35 million issued shares. He has done tremendous DD and lays out how much and when the company does and can dilute. He says 35 million as of Friday. Well 150 million shares traded Friday. Even with HFT and everything else no stocks trades all of its issued shares in one day. This traded 3.5 times its outstanding shares. That's strong evidence of naked shorting.
Problem is its done by market makers who are probably HMNYs lenders so they have full control. The naked shorting only stops if regulators stop it which they wont because they only stop stocks going up, never down, or it stops when the MMs decide they want to pump and make some money going the other way for a period of time. Which at some point they will because more money can always been made going both directions. This will get some 3 day runs or whatever from time to time. Also give a higher pps to short again which again is more money. MMs will flip a switch eventually, good luck on timing though. Ive been flipping last couple days and have done pretty well so far.
Got 5 percent.
Yea I'm also watching for next flip. Right here mid 7s might be 1 for 10-20 percent
That's different. Took over an hour today to go red. I hit on a flip at open. Bought 10.8 cents sold for 13.
I went ahead and flipped this 3 times yesterday. Made 5 to 10 percent each time. I feel comfortable enough to get in with 1/4 positions for flips at this time. For those who have asked me when is the time to get in for now I'm only comfortable flipping for day trades in this. This is a total repeat of GBSN which I made pretty good money in. A company with an interesting idea but terrible management and in bed with naked short selling loan sharks. GBSN was good for day flips and twice a year or so would have a 2 to 4 day run of over 100 percent gain. HMNY will have those too but I'm not comfortable trying for one of those here yet.
Well I'm not in yet so it doesn't hurt me one bit if it does.
The last time I saw a ticker on both Regsho threshold and circuit breaker was LINC in 2015. It ran from 20 cents to 3 bucks HOWEVER they were not diluting. They were on lists for 2 days. Another as I have said was GBSN ran from 7 cents to 14 cents also in 2015. They were diluting massively and were on lists for 7 days. As the examples show the dilution makes all the difference in how long it takes before it runs and how high it goes. Final thought for the night is if even the worst stock ever GBSN which diluted even worse then HMNY got dead cat bounces from time to time then HMNY will as well. Just have to time it right. I got it right with GBSN back then and I plan to get it right here.
that doesn't suprise me at all about that letter. This is very similar to GBSN in 2015. Just remember when this bounces get out because the dilution will continue as this company bleeds money but for now HMNY is setup imo. It could take another few days but I believe dead cat bounce coming soon. And circuit breaker btw means regulators have now placed a shorting restriction on HMNY which will help.
Ok so ticker made Regsho 2 day in a row. Thanks for having a look. Remember now the mms are not dumb so if they naked short one day they must be pretty sure there will be dilution the next. However sometimes they go overboard and go way beyond even what the dilution has and will provide as oxygen for their naked short fire as I believe that's happening here. The imbalance of shares here is massive if dumb ol HMNY can take it easy on dilution for a few days then naked shorts are setup. Only way this doesn't happen is if HMNY does massive dilution to match the massive naked selling as the dilution provides the cover for the nakeds.
The most similar case to this one was GBSN in 2015. I remember it went down 20 days in a row and from I think it was 5 bucks down to 7 cents. It was on Regsho I believe for 7 straight days before it had a strong dead cat bounce. This looks similar. The more HMNY dilutes the longer it will take for the naked squeeze. The less HMNY dilutes then the shorter it will take before the squeeze. HMNY is now in position imo for a big dead cat bounce. I plan to enter but I will do so with 4 different buys. With the beginning of the month I would think HMNY at least got some subscriber dues so maybe just maybe they can stay off the dilution for a few days.
If not then my 4 buys will help as I don't over commit at any one time as the Regsho clock ticks daily. HMNY is close though to a very big dead cat bounce and it could start as soon as tomorrow. Good night everyone and think chess and good luck.
Yep that is exactly whats happening.
interesting so HMNY is already on which? Regsho threshold (failures to deliver) or circuit breaker? Again it isn't a slam dunk once a ticker appears on the list but it does mean naked shorting is happening, failures to deliver sold shares to clearing house is happening and what it basically all means is they have well over extended their naked position.
Concerning your dilution question I aswered that in a follow up but basically dilution feeds the nakeds. Turn off dilution and nakeds get destroyed. The dilution is the oxygen to their fire.
I think imo and as a guesstimate there might be as much as 50 million shares naked shorted. 3 days is correct 3 days from a trading day so each day of the chart look at volume and 3 days later of any given day thats when failures to deliver occur if there was naked shares sold that had not been given to clearing house yet. Ine scam nakeds do is they pick on a company that is diluting because they naked short sales a day or two in advance of what will be diluted and if dilution goes on day after day they keep getting to cover with diluted shares what they naked sold the day before. Which then avoides the failures to deliver because they deliver by the settlement date. Volume started to really surge starting Monday Tuesday so thats when its possible 3 days from then that failures to deliver might start happening so yes Friday Monday. Its dependant as I just explained though on how much the company is diluting everyday. Dilution gives the nakeds cover. The more dilution the easier for the nakeds the less dilution the harder for the nakeds. If no dilution even for a few days then nakeds are in deep trouble but unfortunately this is a very badly ran company so I don't know if they can even go a few days without dilution. If dilution at least is not rampant with how much shares have been traded and obviously naked shortes then there is still a decent chance nakeds can be hurt and they have well over extended their position.
Regsho was supposed to eliviate it but market makers abuse their special powers ( yes a market maker gets to do special things others can't ) as they "make a market". The idea is basically market makers are tasked with keeping a balance of shares traded and and to keep things smooth so if there is massive selling or buying they basically can use their powers to level out things to keep a fair and proper running market. However there are bad market makers that abuse their power and naked short sale to their gain without any interest to what is good and proper for the market.
Keep an eye on the Regsho list. Google it to find it. Its usually posted daily on Nasdaq website. Two lists. Regsho failures to deliver and other one is circuit breaker. Read the explinations and definitions provided on that website and also google more about what both of those are and understand them in full meaning and depth. When ticker shows up on either list and in rare occasion both lists then the nakeds are on the ropes. It doesn't mean though its a slam dunk. They do have tricks up their sleeves though and sometimes can wiggle out of a situation where they have caused a massive imbalance in shares traded/sold. One help for nakeds in a situation like this is if the company is diluting. Which is happening here so it makes this far from a slam dunk but I like the risk enough because I think looking at the numbers they took it way too far. Ticker might already be on lists. I don't know I haven't checked yet. I got interested in this just a couple of hours ago and have been researching filings charts and offerings. Price doesn't matter so much its more of a timing thing then a price thing.
It isn't about how low the pps can go. Its more about settlement days and how long naked shorts can carry failures to deliver and when the clearing house reports them to regulators and regulators step in and force nakeds to deliver shares they sold but did not possess. This was supposed to be against the law but regulators do a horrible job of enforcement. Typically it takes 3 days from when a naked shorts to when the clearing house reports them with failures to deliver. The chart says the naked selling started to amp up and become massive 2 days ago. I have to go to bed, hope you do well.
There is a way to know. 6.7 million shares as of Tuesday per SEC filing. Total shares issued period no matter who's hands they are in. Sure there was probably dilution today but in no way does it account for 50 million shares traded today. Its naked shorting end of story. No other evidence points to this amount of volume.The company does not have 100 million shares issued, probably more like 10 million as of close today. You guys can do what you want but I know what I plan to do. Have a good night I'm going to bed.
Maybe but one thought of caustion is understand that market makers are involved in this naked shorting. Impossible to naked short without market makers. Its likely the same ones that gave this company a loan and helps them do their diluting. The naked shorts are market makers and they have a ton of tricks up their sleeves. This has all the makings of a massive naked short sale squeeze but I warn there is risk because of who the naked shorts are. I think the risk is worth it and so I intend to enter soon.
Please if you can explain how any part of the numbers and math and what I speak about settlement days and failures to deliver and how they happen are incorrect? What part of anything in my post was incorrect? "Only a fool will buy this stock" is not a good answer to explaining anything I pointed out about settlement days, failures to deliver, Regsho, 44 million shares traded in one day yesterday with less then 7 million outstanding. The case is closed. This has been naked storted to a massive degree. The evidence is bountiful that it has been. Please provide evidence that it has not been massively naked shorted if you disagree. I plan to enter this stock soon as naked shorts should have IOUs coming due very soon.
No there has been 100 million shares traded since split and 5.5 million shares added through dilution as of yesterday. Flippers and traders are doing what they do and that adds some of the volume. However considering stock has gone straight down from 21 dollars the majority of the volume can't be flippers because flippers buy and sell. They don't cause falls from 21 dollars to 25 cents in 5 days. Dilution as of yesterday added 5.5 million shares since split. Say including today that even doubled so that would be 11 million shares. There has been panic selling also but one only sells one time once they panic and get out so there can't be anymore panic selling then shares that actually exist so at most add another 6.7 million shares. There is just not enough dilution and panic selling and flipping shares happening to even account for even half of the volume since the reverse split. This has been massively naked shorted and to even attempt to think it hasn't been ignored numbers and evidence that is blatenly obvious.
After more time and research I have become interested in HMNY as a trade. SEC filing states less then 7 million shares outstanding as of yesterday yet yesterday alone 40 million shares traded. Stock down from 21 dollars to 25 cents since split. Increase of 5.5 million shares added through dilution since split but 100 million shares traded. My conclusion is there is massive naked shorting happening.
Panic selling isn't a logical explanation for this size drop this fast with this volume. The amount of dilution also doesn't cut it even though the dilution is a lot but not near enough for 100 million shares to have been traded since split.
My plan is to buy some just ahead of settlement dates of clearing house. Naked shorts won't cover until forced from failures to deliver which there definitely will be massive amounts of those. The first couple of days after split was some dilution a lot of panic selling and naked shorting. The last 3 days is some panic selling, heafty dilution and massive massive naked shorting. Settlement days will be coming soon for those days and nakeds might have been reckless according to the numbers I'm looking at. Will know within a few days.
Only way nakeds could wiggle out of this without a huge dead cat bounce and squeeze is they cover failures to deliver as they come from clearing house on settlement days for shares that settle that day yet naked short new trades daily as they do so. However if HMNY shows up on Regsho threshold list and or circuit breaker list regulators will step in and make settlements properly happen which will stop the naked shorting for a period of time. Also nakeds will have to have the company continue diluting which helps the nakeds. I think though nakeds have gone way too far and I think they are setup now for a trap. I think they might be in trouble soon and I think I might actually buy some of this horrible stock.
That's what I've been trying to figure out. Has there been dilution since the reverse split. I'm just a watcher and really not all that interested in this stock. However if there hasn't been dilution since the split then the stock is naked shorted at least twice the outstanding shares. It only has 1.6 million shares and has traded over 10 million last 3 days. It can not trade that much without heavy dilution unless there was massive naked shorting and if the price decline is due to naked shorting there there will be a huge dead cat bounce simply because of the imbalance of shares that would have been caused. If that is the case then I would be interested for a short term play here. I however believe they have been diluting since reverse split.
As much as I like NUGT and JNUG here gold itself is much more oversold then even NUGT and JNUG. I loaded UGLD heavily this morning at $8.45. Imo they are giving out free money at this point.
Gold is going to bounce pretty big within a few days imo. I loaded UGLD heavily this morning but I think NuGT and JNUG are good plays at this time also. I haven't seen gold this oversold in awhile. Looks like everyone went on a shorting spree a couple months back which I get but its gotten far too excessive now. Imo anyone shorting now is asking for trouble.
Gold is pinched hard. I've bought into UGLD this morning heavily.
RIOT, wanted to buy at $4.50, missed it.
AVP looks interesting. Watching it.
Bought more AAL at 36. Target is 40-42 on it.
I bought this morning (0013), back in looking for dead cat bounce #2.
Sold LPL at 8.27 on Friday
I tried telling people for a week on here a QB is required to do a process that usually takes minimum 2 weeks before effecting a reverse split. Many just refuse to listen. I even gave the supporting documentation FINRA rule 6490. There are many here actually trying to learn though so I was happy to share.
Im not done here. This thing hasn't even had its real run yet imo. For now though I'm out, I hold no shares. I saw low hanging fruit this morning so I took it.
Thank you.
Sold for 0026. Made $1000 in 10 minutes. Have a great day everyone.
Back in at 0021. For a day trade.
LG Electronics LPL. Vastly oversold pinch job. I'm in at 7.80
American Airlines AAL. In the middle of what I call a re-pinch. I'm in at 37.50