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Canadian, not on a pink. Not ever on a pink. Your odds are much better putting it all on black on the roulette table 2 or 3 times.
RG, Hope you loaded the guns with hollow points, or exploding tips, or something nasty like that.
I could live with a .33 fill
The difference is they buys are causing upticks today. Yesterday the buys just ran through with no uptick. Shorts are watching this price action carefully, I'd think they want to exit over .05
Very small trades going off. MM's signaling?
The chart is forming a shalllow rising wedge today. Support with upward pressure. Good sign.
Chinese gravity? Does that mean that investors in China are seeing the share price rise the last few days?
Which way does the water spin in their toilets anyway?
Well, I guess if it's only $80 and it isn't breaking the bank. Still $80 would buy you a fine bottle of scotch to commiserate with, and even leave some cash left for a burger or two.
Good luck
Maybe we should just wear green, and that will be enough.
If you find the man who can accurately consistently pick the morrows stock action, let me know. I wanna buy that man a cheeseburger or two. I would gladly pay you Tuesday for a cheeseburger today.
NX. If this is really your first stock purchase don't ride it down just for the experience. Stocks at this price point can and do evaporate into nothing sometimes.
Sometimes you need to cut your losses, and try to learn what happened. Watch out for the same pattern next time.
Cheer up Gail. What was that song the Sopranos ended on last night? Don't stop believing!
As to the ending of the Sopranos in general, I won't stop believing it s**ked
Keep an eye on the charts. We are below any indicators to use so you need to be quick on your feet to see where the stock finds support. The stock held in the .04 zone today, so watch if that holds tomorrow. If it does it could be the launch point for an oversold or short covering rally. Or maybe not, but there's been three days of heavy selling, and some fat bankrolled shorts who will be looking for place to take profits.
So RG, are you saying a 4:1 split is accounting for the increase in shares? That would still put it under 1 billion shares. The major trade houses are showing 1.8 billion.
Three black crows are ideally near identicle in length. While the candles on HMIT are decidedly bearish, each candle showed a diminishing decline from the previous.
I tested the waters at .04. See if it can hold at all.
Hmmm. Almost tempting at .04
Over a million shares bought at .05 and the price drops to .049 The supply hitting the market must be massive.
500,000 off in the last minute. Someones bottom fishing.
.05 It's just ugly. Someone needs to reigh in these criminals.
The more pertinent question might not be what is wrong with this stock, but rather what is right with it. This stock was over $1/share within the last 30 days. The company announced a buyer who wished to pay 2.15/share, and it sold off to .06 cents. Does this appear to be the behavior of a winning stock?
Even if the buyout was just marginally in question it should have held in the .50 to 1.00 range. It gives every appearance of a pump an dump with mass dilution of shares.
Thanx. Found it a different way under the research, stocks, HMIT. Does show 1.8B outstanding. Unreal. Glad I'm just a spectator on this one.
Just curious, I'm on Ameritrade. What screen do you see this in?
Gitonwitit is absolutely correct in one thing he says. There is no apparent reason to pay over $2 a share in a buyout bid when Consolidated could have purchased a sizeable portion of the float in the open market at a much cheaper rate. Once they had a sizeable portion of the available float they could have negotiated for the restricted shares and those held by executives from a position of power at a lower rate than $2 I would think.
I'm sure this stock will pop some on this news, and good luck and profits to all who are in it, but I have read some posts from people who want to jump in tomorrow after a possible gap up, and that sounds like a dangerous plan to me. I am neither short or long in this stock, just trying to point out some possible dangerous waters.
GLA
Greetings all. Been lurking for a bit and grabbed one of the big blocks at .0075 towards the end of day. Looks like maybe a short term suport level. That'd be nice.
The markets got hammerred the last 2 days. Hopefully the overall market recovers. People tend to ignore the more speculative stocks when their mainstream portfolio is tanking.
GLA
Hi all:
I have mostly divested myself from this stock in lieu of some other endeavors, but I have kept an eye on the board as I really appreciate the members and their insight, and had hoped for greener pastures for those still invested.
Now I have read the poor news as of late, but technically the RSI is showing oversold, the accumulation/distribution line is showing an upturn, and the candle pattern from Monday looks like a hammer. All this suggests a short term pop may be getting ready to happen. Of course I have only followed the postings in a cursory fassion, and am not intimately informed on all the recent ins and outs, Just looking at the technicals. COmbine them with the fact that the early Tues futures on the overall market are pointing to a + 1% open and you could see a nice pop tomorrow.
I'm rooting for it.
I agree. The current opinion is they won't have positive cash flow till towards the end of the year. How does that justify a run up to $5
A company buying them out for a big premium perhaps. How'd you like to get the premium that Sirius offerred XM for example.
I agree that the share price appears weak to sideways and could be that way for some time. I also lightened a large portion of my position a week or two ago.
Good morning board. Just wanted to say hello and that I joined the CPNE party at 2.98 today.
Based on what I have seen there was a slight over run-up on speculation the last week, but earnings look to be solid.
Sirius. I mostly get into the technical and math side of things. Most of what I know of the SEC and such is things I've read fairly recently.
There is an old eastern saying. "The words I don't know are the beginnings of wisdom"
Well, as to your last question, I don't know. There, I feel wiser already
The world that MM's, hedge funds, and big ticket brokers operate in is shrouded with mystery on some levels. Sort of a good ole boy network with the good ole boys being the extremely wealthy. The same rules have never applied to them.
I will post a link I posted here a couple weeks ago. It is a good read, and written by the CEO of overstock.com Now obviously he has some bias, but he also has a docturate degree and is well thought out and well written. he has some hypotheses on some possible hows and whys.
http://www.ncans.net/byrneshort.htm
Sirius. I am not an expert on the rules here by any means. It seems to me you would be in violation of SEC rules. Your big broker, and possibly a friendly market maker would have to bend some rules. You would absolutely end up with that transaction on the failure to deliver list.
After all, with all the funding cuts the space program has seen over the last decade or so, how could one be sure your friend was going to arrive safely from mars.
I get that you are looking for some sort of above the line reason for the Reg Sho listing, I'm just not sure there is one. As I posted several days ago based on my reading the only time it is ever OK to naked short is during times of unusual volume when a market maker needs to maintain liquidity. Seems to me there has been plently of volume and opportunity for any such individuals since then to borrow or buy the required shares.
For the moment, the Reg Sho listing, along with other neutral to negative factors must be factored into your overall opinion of this stock.
I saw you posted earlier about all the research you had done. Trust your research, you are rather thorough at it. It is telling you something, and so is recent stock action. The race is under a caution flag at the moment.
Yes Lakingsphan. I show the 2.25 as the last trade also, although i don't see it on the extended hours chart. Current bid/ask 1.61 -1.69
Someone may have gotten snookered with a market order that they listed to be filled in regular or extended market.
I noticed it a couple times during the afternoon sell off. First I saw his 100M order at 1.80 but after a couple times the stock bounced from 1.82 he pulled it. That left a couple 500 share orders there which were easily overcome breaking the 1.80 area. Then I saw the 100m and 50M at 1.70 and it looked about like it happened the same way. His order disappeared after a couple times at 1.71-1.72 then the stock fell further.
I will often watch for strong buy interest areas to come into a position, but something didn't smell right about his 100M order so I stayed on the sidelines.
I did not see him chase the price, but I only watched on and off. All the stuff I saw was late afternoon.
Hard to pick a solid support level here as all recent action appears to be short term traders, and they exited in droves this afternoon.
I think in the short term the 1.40 - 1.50 area may lend support, but I'll use tight stops if I come in.
Wait, let me make some popcorn and get comfy on the recliner. I haven't seen a good drama in a while, this sounds like it could be interesting.
Could be a blip in the system.
Could have been a direct routed order.
Could just have been some poor dumb bunny who accidentally typed an incorrect price or placed a market order to buy.
GLL. I'm assuming you were not referring to the 8K filing today.
Something else then?
Be wary of watching VERT on level II. Several times today he had very large buy orders showing. Like 50,000 shares or more, but the order disappeared when the stock approaced that price.
It looked a lot like he wanted the market to think there was support there, but then the price would get there and the sell orders would disappear.
Yes, I watched UPBS this afternoon. Nasty profit taking sell off. I had a buy order in at 1.50 but it didn't get down that far. It sure looked like it was going to the last 5 minutes.
TKO held right about the 50/200 day MA, but it still is showing a complete lack of enthusiasm to rally. The market usually looks forward about 6 months, sometimes a year. I am not sure based on the letter to shareholders they issued that 6 months down the road is exiting anybody. I certainly wasn't bowled over.
Hi Sonny. I watched this one this afternoon. I hope you didn't get hurt too bad. Speculators pulling money out. I had a buy order in at 1.50 but it didn't get down there. It sure looked like it might the last 5 minutes.
Yesterday was the day the 50 day MA (simple) crossed the 200 day MA. however the stock is flirting with a close below the both currently both right about 2.90
The fact that there is not a strong technical reaction to the crossover further shows the markets dislike of the news.
This area is significant because the close on the big runup day in DEC was 2.90
wow, yeah that's crazy in play for sure. Feel sorry for anyone who bought in on the open today.
Sonny. Nice job on the UPBS find. It is tempting but I am concerned by the recent runup that this may not be the best entry point for new money. The large runup invites a bit of profit taking here I would think. Any thoughts?
I think the speculative money that came in, especially on the GE announcement was looking for a much greater revenue figure. Considering the additional shares that have enterred the pool in the last several weeks the market reaction does not surprise me at all.
Just several weeks ago we were speculating and dreaming of figures like 40 million for the GE work alone. That number may come some day, but it does not appear it will anytime soon.
Stock going under the 200 day MA is not a great sign technically. The next couple days will tell just how unhappy recent investors are with that figure.
The 25 million (projected) is a good number, and if they hadn't just issued all those additional shares it would probably be a different story.