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.
Thanks for the explanation 4God.
I never knew what the white line indicated on the ADX, so I was not able to reap the full benefit of it as an indicator. From your response, it would appear at first glance, looking at only the ADX, that this would be a time to avoid this stock because buyers are decreasing and sellers increasing, with an uptrend weakening. However, this points out the importance of not just taking a first glance, but rather look at the entire picture. When you look deeper into the patterns and look at price movements and other indicators, (like the ones sharpimage was so kind to point out), it is apparent that the stock is on the verge of reversing and adding strength to the weakening but longer uptrend that has stayed in place.
Thanks again for your reply, and to the rest of the posters who added their input - very helpful.
4Godnwv, would you mind explaining what to look at in the ADX to ascertain this?
NWOG
Thanks hiphop for providing that info.
ASWD
Capitalist, In what state/city do you live?
Is this true, or a typo of some sort?
"The Total Short Interest as of November 10th, 2006 was 202,495 shares and only reflects shares shorted that have not yet been covered on November 10th."
I thought there was supposed to be over 100 MILLION shares short.
Heck, 202,495 shares is NOTHING, and there evidently is NO SHHORT INTEREST in this company anymore. From what this says, the shorts have all covered, unless that is a typo.
That is because your sell order became the ask once you placed it. They are merely displaying your ask, which is what they are supposed to do unless you have an extremely large sell order, then they have the right to NOT DISPLAY your order, which I do not like.
Thanks for the info.
I'll start checking into it.
That is exactly what I have been thinking. Who in the world announces they are starting a huge buying spree??? Only if you want to pay MUCH more than you need to for your shares. They want to get the stock cheap just like everyone else; and us shareholders want them to get it cheap also - money on the books for a better bottom line when the share price appreciates. That leads to stonger fundamentals and another reason for our investment to appreciate.
They are likely providing support for the share price right now, letting those scoundrel MMs know that they are not getting the shares any cheaper than somewhere in the .04s.
We are probably watching the MM vs Company tug of war going on the last week or so, and for the next few weeks to come. Once that is done, THAT is when this share price will move.
It may be done tomorrow or maybe two weeks from now, but it is not far off, as far as I can tell.
Problem is: WE are not the ones helping them, Philip Verges is the one that gives them the continual boost to be able to make more and more profits by shorting the heck out of a company whose CEO cannot ever seem to get one of his goals accomplished.
THAT is the problem here, pure and simple. Shorters would be in a world of hurt if only PV could achieve a few of his promises/inuendos.
Oh MAN, I have NO IDEA how that FOREX works, but everybody seems to be going into it.
I have not looked into it.
What would you suggest as a good starter book or two before one would put their toes in the water?
Is it as manipulated as the stocks, or does it tend to run pretty much along the political and economic financial trends?
SKNN
SMTR
CBAY
When do you all think we will find out how the vote went?
Yes, "Failed to Deliver" shares are Naked Shorted shares. The Failure to Deliver the shares when requested is what makes them NAKED short shares. They do not get covered (delivered), thus the term "Naked", as in uncovered.
Regular shorted shares are shares that are LOCATED and BORROWED to sell short. Technically, the sells are supposed to be matched up to shares that get borrowed against, and the seller should be able to present documentation of their existence within three settlement days of selling the shares they do not actually own (legal shorting). But, if the original share owner decides they want those shares for some reason, (like to sell, to get a dividend, to vote, to exchange for new shares offered in an exchange agreement or merger agreement, etc.), those MMs have to give those shares back to the original owner, and then go out and cover their short position by finding other shares to borrow or just buy back shares to cover their short position.
However, the MMs do not like having to cover when the stock is going down, because they see more money-making potential every penny lower the stock goes; and they DESPISE covering when the stock is going up because they refuse to take a losing trade. So, the MMs have just decided to forget about tracking which shares they are borrowing, and ignore delivering the shares when required to deliver. They just short with no regard being paid as to whether there are shares available to borrow to cover their short position, Thus the NAKED SHORT position was created. They have no shares available in the market to cover their position so they just FAIL TO DELIVER those shares when the 3 day settlement day comes up, and then 10 days, then 20 days, then 50 days, on and on. Technically, they are selling shares that do not exist, and just create a counterfeiting paper trail that absolutely noone can make sense out of. And since noone tries (our good ol SEC at work) to track down the counterfeited shares logged in this paper maze, the crooks just keep selling these counterfeited shares in their NAKED SHORT positions, and stealing the equity from the companies from which legitimate investors are invested.
They continue this until they eventually overload the supply portion of the supply/demand equation until the company's shares become worth almost nothing, and then the companies cannot get decent funding to fund growth, and they go out of business. In essence, the shareholders and the company are just blantently stolen from, and the SEC turns a blind eye to it, day after day.
Hey Cap,
You probably don't remember me, but I still lurk your board. You helped out a whole bunch of posters a long time ago with your suggestions and spreadsheets.
LOL, Jen, You are sooo right!!!
It's probably a good gamble, I hate to say.
I appreciate all the comments/feedback on the margins. I probably was being too optimistic from some of the other companies, like CHDT, that keep saying they will have UNBELIEVABLE margins of like >50%, LOL. And then they come out with ZERO sales on that line of product. Go figure, maybe the margins were too high? Ya think?
Now I did not believe that they would achieve those 50% margins either, but I figured 10 to 25% was achieveable. And I tend to then transfer those expectations from other companies with revs growing at a good pace over to companies like NMKT.
Your posts have brought me back down to earth a bit, thanks. My expectations just become too high when I see revenues soaring, and then I get disgusted (sorry Digi, but I was sooooo disappointed) when I only see $2MM in earnings when they had revs of over $50MM for the 9 months.
It was MY BAD, and uneducated expectation - I was looking for about $4 or 5MM in earnings. Your posts have educated me a bit to be more realistic with my expectations.
I will now apologize for the "disgusted" that you dislike so much, DigiTech.
I'm walking away from the computer for a few days, have to keep that ol DISGUST in check, you know, LOL.
Happy Thanksgiving to those for whom this is a Holiday your culture celebrates.
To others, have a nice weekend.
Not good enough for me to invest my money in. I'm looking for 15 to 25% margins or better, not margins less than 10%.
I'm disgusted with <10%.
I will be selling what I have.
I agree totally with what you post here Claymolly.
Heck, with over $50MM in revenue and they can only eek out $1 or $2 million in profits? - That's despicable!!! Where in the world is all this revenue money going to? It certainly has a very hard time making it down to the bottom line. This only tells me that this company is totally inefficient and is paying wayyyyy too much to get the job done. This is a company that exists merely for the employees/executives to be able to have a job and the financiers to have a vehicle from which to draw money. It does nothing for shareholders.
You tell me what companies you are interested in investing in when someone describes their main property as inefficiency. Most investors I know RUN AWAY form a company that has such inefficiency, and that is what you see here in the share price of NMKT. The only thing naked shorting has to do with it is that they see the blatent inefficiencies and they know it is excellent fodder for the shorting machine, because they know that no shareholder mass would jump up and cause them much pressure with share price appreciation - they can overcome any interest that retail investing might put on this company.
And then the company gives them an even more open freeeway for shorting, with all the dilution, and adds one more HUGE BOOST to the mix in shorters favor with more broken promises than one could immagine.
I'm disgusted with the minimal profits from a company having such high revenues, just downright disgusted.
Gotcha. Thanks for the info.
I will study up a bit on NTWK next week after I get back from family fun in Dallas.
From looking at the charts right now, I say it goes and tests that $1.38 and lingers a tad between that and $1.50, a 10% pop here and there and then all of a sudden someone will take notice and it will move up to better valuation. It may be getting very, VERY close to time to start putting some money back into NTWK.
Good luck, Evans.
GREAT to hear from you.
I see this happening all the time on OTCBB stocks. I'm not one that tends to use "naked short selling" as my excuse for all that is wrong in the stocks I am in, but, when I see this happening for months on end, I cannot for the life of me figure out any other reason than NSS and/or company dilution that causes there to be an endless supply of shares on the ask.
These are just my opinions, but that is what I think. I think this company in particular, gives the shorters a major endless opportunity by having to continually dilute our shares with all those preferred shares they gave out in their incessant merger deals several years ago. We are paying the price now, and have been for a couple of years.
The shorters are having a hey day with it - the company just handed them these opportunities on a silver platter and invited them to target their company.
Test:
Charts:
We are priming up for a move, IMO
ROFLMAO!!!!
Scov, that is hillarious!! I just love your sense of humor.
I never thought of the numbers in my moniker in that way.
I chose those for the typical lengths that a swing trader will play a move in a stock (3, 5, or 7 days), depending on the strength of the run.
But then again, I could also think of it as when I need a little protection afforded by my trusty little 357, LOL.
I'm ready for this puppy to make a move, and I KNOW Augie is also.
Augie, I hope it's time for you to get another chance for booking some profits.
I bought in at .063. Tried to buy 100,000, but they moved the ask up after only giving me 65000. Looks like they do not want to give me the other 35,000.
I still think you might be a little early here. I think it stays here for a while or goes even lower before you get anything more than an intermittent 10% pop above $1.50 now and then.
DD= Due Diligence
MM= Market Maker
IOM = ? Not heard that one.
I agree with those that are not too concerned with possible addition of the "E".
Thank you Weo for clarifying how long they have to file before the "E" is added.
Regardless, I do not think the "E" will impact share price much at all, esp. since this is not an actively traded stock. My question was more to just know what to expect regarding where to look for quotes, and possibly a little short-term flack that the company will have to put up with.
What IS going to affect the share price here, is when we see that dreaded OLMP MM on the ask again. That will be another 3 days to a week's worth of pressure, depending on how much fighting stamina the 3rd Q 10Q will provide. I think we all expect that to be refreshingly positive, so it may be a decent fight, and share price may not suffer as much as I am thinking it might. Time will tell.
Let round 2 begin.
Well, Like I posted, I flipped it for more shares. I sold all of mine at .073, and then I bought back more shares at .067. Stupid move, LOL.
Like I also posted, I am now saying, Uh - Ohhhhhh!!!!!
I don't know, but just to Whiz's credit, I have to tell you he was the one that got me into CHDT about two months before the rise to the .20s. There was another stock we were in, and for 6 months prior to CHDT's rise, he kept telling the posters on that board that CHDT was going to move to at least .10 within the next several months, and move it did.
He was shocked when it moved to above .20. He was quite pleased, but then, when Howard went on vacation and did not say much more about tile sales, he got a bad feeling about the stock and the way it was moving; it told him that it was not going to be good for a long, long time.
He does not use indicators and he cannot tell you why he feels the way he does about a stock, but he is correct more than any other person I have ever seen post. I just wish he wasn't so abrasive; it would be nice to have the benefit of his isight without all the fighting.
He just gets frustrated that the people do not pay attention to the warning signs and then goes off on them.
But he is pure crystal ball - which EVERYONE HATES, but his ball works, LOL.
Actually, I do not remember Whiz saying it would go down when it was "setting records with revenues".
Maybe he was, when the share price was going down in spite of the records with revenues; but really all that matters is whether the share price appreciates or depreciates, so he would have been right on again, in that case.
He has called it correctly regarding the share price movement every time that I have seen his posts.
He called it correctly when he continually posted that there was something very wrong with the company/stock all of a sudden and the consequences of such would be a very long-term continual drop in share price.
He was correct when he posted that there were no tile sales and that generator sales were not moving that well either.
So, I think you gotta give him the credit he is due.
Others here that have been praising this company and touting its potential for share price appreciation week after week have been much more wrong than Mr. Whiz.
Whiz has been more correct than almost any other poster on this board, he just has an offensive way of trying to bash that into our heads.
You have to decide, which do you value more - your ego or your hard earned, invested money.
He definitely has a plan for expansion - It will just take some time, and he implies that it will be gradual - be patient, is the gist.
Let share price follow as growth comes along, he's obviously not gonna worry about pushing this issue. Sounds appropriate.
He notes the growth achieved in the last year.
Q3 is normally the slowest Quarter.
Good explanation of the reclassifications that impact the cost of sales, G&A,
Cost of sales higher and lower G&A expenses.
Total operating expense of 1.5MM
on avg should be an Avg 125,000/Q
Corrections welcome, I was typing as I was listening.
But I like his explanation here.
Are we now going to trade with an E added to the symbol for a period?
I thought the 10Q was supposed to be filed today.
Wassup guys? Are you dropping the ball already?
This does not look good.
Why are you always so invested in telling other people how to trade?
Don't you have enough to do managing your own trades?
Interesting that Steven and the gang are not posting Whiz's posts tonight.
As abrasive as he can be - he was right all along, and noone wanted to listen.
http://www.investorshub.com/boards/read_msg.asp?message_id=14831200
Looks like everybody is gettin a laugh out of this mess.
But Whiz, I don't think ANYthing will get you out of jail. I have NO IDEA how you will ever be released. I will be just as shocked about you getting out of jail as I am shocked by Howard's dismal performance since his major pumping scheme 5 months ago.