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Are you looking at a two month chart or two year?
Sure i am. But noone knows what level that will take it to and it could pop right back before i have a chance to act. So i just put in orders at different levels and let happen what happens...
I got 5k at .61 this morning.
Some big numbers hitting the tape today.
Someone please compare these statistics and tell me if they think we are comparable. The fundamentals dont add up to the nearly same stock price. However the float and OS are going to be similar, i think.
http://finance.yahoo.com/q/ks?s=WWAT.OB
http://finance.yahoo.com/q/ks?s=DPDW.OB
Most quiet day in a long time....
Weird trading on KENS lately.
They are on the ask at .8 is what he was saying.
Probably why arca isnt pushing to much to sell it lower.
So you could say they are supporting the bid? right?
That was a good call.
Bet ARCA is wondering if it would be beneficial for them to push us any lower, i can imagine the amount of bids in the lower .6's.....
They arent using many shares in their efforts today.
We have. THey are.
Just be careful with that thinking, if this ever happens to reverse split, you be put in a position where even a good run will not be beneficial to you.
IMO, RS is just a ploy to get people to try and get a better average on their shares and probably something management sells into again.
It will happen here, its all part of the script.
ARCA sorta replaced them, cant remember the exact point or price though.
I agree, you know my theory. The easy part to see was the shorting, the toughest part to figure was how they were going to cover. I agree with Prospect being the reason this was driven down but it has still taken selling shares short to do it.
(if any MMs went naked short to facilitate PSEC's (possible) short against their block of recently converted warrants, these MMs may now be in the process of covering. as they do so, i would expect to see us rally off the bottom. )
In order to cover they have to buy the shares back... My hope is that noone will sell their shares on a dip and help them create panic selloff which i think they will attempt. If they can create a panic they could cover a huge chunk in a short amount of time.
Also, they have room to 1.22 to cover, noone knows what they hold and at what levels but we know that is where they started putting a lid on the stock. SO i think people should keep this mind when they think they can sell a pop and buy the dip. It may not dip and when you sell you will likely be helping them cover.
Dont even think about flipping or selling under 1.22, thats the line in sand in my opinion. My guess is they (mm's short) wont want to be holding a huge amount short come 9/4/08. But in the meantime anyone who sells should assume they are helping them cover.
All imo.
well as you can see it seems to be working so far.
No matter what, with the float where it is right now it would be hard to imagine that anyone could move this stock until the usual suspects get their trade.
IMO this will go down after earnings, good or bad. They will kill the morale in all retail longs and force selling. Until that capitulation day, who knows... all my theory only.
This has nothing to do with a true valuation of the stock. It has to do with the float and the games that can be played with it.
Pull your bids, quit giving them someone to sell short to.
Also not surprised, my posting history will tell you that. LOL
The way this is setup on L2 i expect them to try and push it into the .65 area.
Maybe they felt some urgency to cover, i hope so. They would be more in the know than anyone here.
Maybe your the one that should look into things a bit closer before posting....
The large seller theory didnt hold water, noone with any sense would have sold in the manner it was being sold down.
Thats the thing, noone is going to put it in an envelope and send it to you. We've been figuring this was being shorted and now we have a theory about who and why.
Explain to me how this works as far as the inventory goes for the stock. Say they sell short 2m at 1.2 from those of us who were willing to buy at 1.2, when they cover at .65 how does the inventory equal itself out?
I guess what i'm saying is technically how does this work? When they cover, who holds the shares and what kind of transaction has to occur for the shares to switch hands. Hope this makes some sense. Thanks
The huge buys at lows (intraday) should build confidence here.
Notice on the intraday chart that both big buys occured at the lows.
If you watched the open you can tell ARCA wanted it lower. If they were just out to sell their shares why would they have been selling at .72 with the next best ask of .8?
I cant explain exactly what is going on, but it clearly down because someone wants it down.
ARCA could back off for an hour and continue selling in the .8's if they wanted.... But the pattern has been to sell it lower and not higher. Even when higher was possible.
Pull your bids, let him get what he wants.
hmmmm i wonder....
Strange that ARCA sold it down all morning and is now pushing the bid.
No offense, but i think mm's were banking on this type of a reaction from many. GLTY
RVGD is sinking like a rock, your finally right about something.
Peter must not believe, he keeps on dumping on his shareholders.
Are you implying a reverse split or a drop to the quad zeros cuz that is about the only thing i see changing with the stock price.
I just think he would benefit from the feeling most here have for RVGD's management. Maybe not. But he should also know that everyone who has put money into this company is in the red.
Read the board, it shouldnt be hard to figure it out.