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Well with NITE and some friends building a wall at .002, I guess the EOD was a wilt... decent volume at the end of 2.5M or so... but with the broader markets getting killed again today, I can't blame a few folks for taking their money and running. Lets hope we repeat tomorrow and EOD at .004.
Ok sports fans... Time for the EOD prediciton... we have 20.5M in volume and .0021 pps...
Where will this be EOD.. will there be a run a wilt or wimper.
I think it will run to .0025 and end with 25M..... what says the rest of you experts.
I think there is a bit of a psychological barrier when folks see the price up 100% or more. Get a close about .002 and I'll be happy, then with the very high volume we will be set for another 100% gain which would get us to the next resistance...
Isn't the Redchip meeting on 17 August.. Like Friday.. Would SFNN even be invited to it.. I thought they halted their relationship.
That is why I use Choice trade for the pennys. It does not have all the bells and whistles of Etrade or Scottrade, but it is perfect for the pennys. Never had a problem. and the commissions are cheaper only 5.00
Lucy or anyone
At what poing does the short squeeze start to kick in. I have lost the bubble on how many shorts there are and where the squeeze point is.
who was the spoil sport who dumped the 675K this was rocking up to a one bagger.
Hurray!!!!!!
SFNN is now making me less poor than when they made me poor two months ago.
Though it is pretty sad when I cheer .0014 when I cursed it at that level a couple of weeks or so ago. I need this to go onward and upward to at least .005.
Max
If you are down 99.99999999999% or so in two years, then you may be in luck. There is a good chance this will move to the next resistance at .002 and it will be up 99.99999999999% in two days... So you should break even... LOL
That is what I keyed in on. Profit of 180K or 18% of market cap.
I am trying to find the bad news in this posting. Things looked good and improving with the exception of net income, but none-the-les, there was net gain of about 18% of market cap. That has got to account for something. The Market is getting killed again and is threatening to drop below 13K. Maybe buyers are just being a little cautious and want a day to digest the information. I think it looks good, and it justifies the heavy volume from yesterday. I think someone knew what was in the report. IMO
So what am I missing?
Is the voting before or after the next quarterly report/
I am cautiously optimistic, I was hoping they would turn a one cent profit in this upcoming earnings report, though now I seriously doubt it. I have not been convinced they are sheisters so I am hopeful that perhaps histroy will repeat and there will be another Novemeber run up. If there is a silver lining, it is that despite the Market getting killed today -325 points, based mostly on continued weak housing reports, SFNN has stayed strong on volume that definitely is in the peanuts range. Maybe this is a bottom, and maybe if earnings even though a loss are not considered a big loss, this will rebound a little and get the market cap on the good side of 1M.
True, but look at in the context of the market cap of the company. 15% of market cap being traded still seems like a lot to me, or at least a little more than just peanuts. Especially since I do not see this activity being institutional buying and selling.
Am I wrong?
If 100K is peanuts, I have been going to the wrong circus.
How about a stipulation that says MB must first use 50% of his salary to buy back a minimum of 50Million shares.
Now that would be a short trap!!
the pessimist says MB is a sheister and the reverse split will just allow the stock to get shorted all the way down to sub penny again and we lose everything.
The optimist says.... The stock was about as low as it could go anyways so there is not much more to lose.
They may have gotten some feedback from institutions that said they liked the company and business plan but not the share price, and they may have recommended that if thier 16 August sales pitch and release of earnings were to have any impact they need the share price on the positice side of a nickle.
If this is what it takes for RedChip to bring in the institutions then I understand it, but there is so much guess work right now... due to lack of information it is like putting a chip down on the Wheel of fortune.
a 200:1 RS gets us to about 25 cents per share. I am not sure how that makes a huge dent in the ability to qualify for Nasdaq.
I wish I knew why if they want to make this move did they not consider the consequences of their last move. And if they failed with that analysis why are they confident that this will not fail as well.
What happened to dollar...
When will they produce a press release....
How much longer will they make me endure this pain.
Why would this be a short trap, rather than the ability to continue to short but at a much higher starting point.
Not that I have a clue what will happen, it just does not make sense to higher Redchip, and attend an investors meeting on 16 august if they plan to go private.
But at this point, what do I know.
am I missing something??? no trades in the first 1 hour and 45 minutes.
what's the deal??
Given that balance sheet then why is the Market cap about 25% of the value of the company. Doesn't that normally indicate a potential buy out or merger???
SMOKIN ?????
With only about 1500 dollars worth of trading, smokin is not the adverb I would use, unless you meant it as a verb to describe your activity when you wrote that comment. :)
No sooner then I send my post about unusual low volume, bam, 1.5M in shares trades. The key is that the Ask was whacked in order to get those shares. I go back to my theory that Buyers are skittish and just need a little encouragement. the 800K was a nice bit of testing the waters.
I find it curious that with the spread finally tight, a rarity in the past couple of weeks volume is so low. We have not even eclipsed 1M and we normally do that within the first hour. I would be interested in some sage rational as to why that may be. My optimism tells me that is just one more clue that the reversal is at hand.
Buyers are still skittish which is understandable, but sellers are in no hurry to liquidate. A small waiting game before confidence returns and buyers determine this is an acceptable entry point.
I still beleive there is something in the works. The company has been doing well with acquisitions, boosts revenue in the last quarter, gets the new PR firm, the stock splits, I doubt all of these are a series of unrelated or unfortuante events. So Smart guys... Connect the dots. I for one am interested in your thoughts.
Here is a third option. As I recall about 1M in shares was purchased at .002 earlier today. Those could have been purchased by a day trader who got the "buy signal".. When the price did not move the day trader dumped the shares at .0022 for a nice 10% gain.
Quick, Someone needs to send them the memo that there is a buy signal out there !!
It seems to me the last couple of days where the trading turned green, there was more than normal volume. On Thursday I think it was, the total volume fizzled at EOD and did not even break 8M. Today with time left we are already over that hurdle. The key is whether the buying can be sustained or if the MMs will whack it back down tomorrow or the thursday and try and break some of these new buyers.
A little news to bolster some waivering investers will go a long way to building confidence for a buy and Hold strategy.
Can someone explain the rational behind all of the mirror trades. I thought I understood what the MMs were trying to do, but now I have my doubts. Just about every trade today was a mirrored trade to include the last one to get us to close at the open.
I got my shares.... Seems I started a fizzle.... The opposite of a Rally.
Although, a little intersting that they used my trade as part of a Mirror trade. I had the 325K trade at 11:16
I bumped the Bid, but of course it does not show on my L2... Lets see if we can shake these guys out. If they want to sell shares at a discount, then I'll buy them...I put in a bid at .0024.
The fact that they have twice tried to get this to drop with no action is a good sign. I think the average investor who could have been shaken has been shaken. We'll see, but I am willing to pick up more shares sub .0025, if the MMs want to keep shorting them.
Little disappointed that there were no prints the last 25 minutes of the session. It was kind of an EOD fizzle. Still, I'll take the .003 close with a lot of hits on the ask, and the candles are really signally a strong rebound. The stoch's ought to be crossing over as well. Lets see what happens tomorrow. If the MM's have been shorting another run above .035 should start getting them a little nervous.
it went up on 1.5M in Volume in a 30 minute span. Not a lot of volume to get the 20% spike. Sure would be nice if we could get an EOD run of another 2-3M and end the day at .037 with a nice volume spike and 30% gain to get folks interested before the end of month/end of week trading day tomorrow.
After reading where some folks are averaged, I should not complain too much. I am at .005, but I was betting (hoping) that the 2Q in August would report earnings as turning positive based on the revenue growth from 1Q. Am I being overly optimistic with that assessment?
This is what I am talking about, I have a partially filled order at .0025, the bid does not reflect I am the highest bid, and then two more prints for 250K jump my order for a lower bid. How can that be??????
Then I get another partial fill, but the bid still does not reflect my price. In the words of Vince Lombardi... "What the hell is goin on out there!!"
Interesting.... I have an open bid in for .0025, yet the bid reads as .0024. Why would my bid not be listed since it is the higher bid??? I trade with Choice trade..
For the record, I am cool with averaging down. I have been with SFNN for three months, flipped a couple of times, and I am averaging down to make the red ink seem more palatable by reducing my average. Sure could use an uptick or two or three.