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Even if someone or an MM was short on this stock...that does not make it right for their cover to go through by bypassing several orders...I cannot see it as anything other than illegal.
I simply cannot explain wtf is going on...this happened yesterday with the 10 cents deal...now the 2.9 cents deal? I'm completely astonished that this is even allowed and who the hell would sell at such a low price?
Mistake? I think not...especially after yesterday.
talk about manipulation...wtf is going on jeez.
I am about to call the SEC on this one...this is completely ridiculous...essentially someone is blowing past hundreds of orders on the bid to screw someone....really?
Some people or MM's do that to test out if there is an auto-trader hiding in the shadows...sometimes ya buy some stock at a certain price only to have another MM undercut that so you are now able to get cheaper shares without necessarily wasting all of your money on higher prices.
wow...someone must have had a fat finger or something...bypassed 6 MM's and had a sell at 10 cents?
Either that or serious manipulation is happening that should be completely illegal at this point...makes you wonder.
I'm watching the L2 and don't see much happening and if you are doing what you are saying, someone is attempting to really screw around with your order and starting to fudge it all over the place...you might even get pieces of shares available that aren't even on the L2 since they won't show under 5,000....
I am calling immediate shenanigans for the day.
GO QSGI...if the MM's let it.
nvm...saw it go through lol...along with someone else's.
looks like you were fighting it out with someone else's order and you got there first :)
I completely agree...
If someone woke up this morning and just looked around at stocks, they wouldn't even know what happened because there is no news anywhere of the change except a small excerpt on the OTCBB website stating the change.
A PR should be coming today if they are smart, but who knows...at least they are following the business plan they set out to accomplish...even if it has been mostly done in the shadows.
As far as I have seen, at least E-Trade and TD Ameritrade have had theirs converted so I don't know why yours haven't besides it being a broker issue.
Some people are just too lazy to do their own DD on a daily basis so even though it might not take a PR, it might take them a couple days to even realize a company came out of bankruptcy and/or need to be told by word of mouth.
really thin...
.21 x .22 (5,000 x 9,000)
8,018 shares bought on ask so far.
so...about 2k shares per minute thus far.
asks showing are .22, .245, .25, .269, .27, etc.
UPDATE: .22's gone and .245's bought
27.4k shares exchanged (3,914 shares per minute)
Some bid-whacker sold 1k at .219 afterward (really? sad people lol)
Sometimes it happens when they do symbol changes.
I've seen some stocks show 99.9% in the red pre-market on false quote grabs on random websites...if you want the real quote, just use the OTCBB website.
Ya my TDA account hasn't updated either...
but I do love how the symbol change really hasn't reached any news wire that I can find besides the one at the OTCBB that was notified by QSGI of the change they requested.
If any other website has it up right now, I apologize for my ignorance of such information...really haven't been paying attention.
GO QSGI!!!!
for real this time ;)
I am not sure why everyone keeps saying it is "postponed" when in reality it is a continuation...there WAS already a hearing on the 7th and the pacer states that September will be a 10 minute continuation meeting on the same subject matter. So no, it was NOT postponed and as I stated before, the Q may come off to test the waters of how the company will be seen in the publics eyes.
I can only guess, but...
This might mean that they are going to drop the Q and there will be a 10 minute meeting in September to see how everything is proceeding without having the bankruptcy status being held over their heads.
No idea, but as soon as it came out, NITE moved the ask up a tick and UBSS came on...no idea if the MM's know something we don't yet.
This could be awesome if the mentality for another conference is as I believe.
GO QSGI!!!
Funny how CSTI puts a close ask in and NITE happens to come on the bid at the exact same time lol...auto-bidder I presume.
Apparently...somebody just did.
I'm hoping that the MM's got the news of the Cusip Change and all of the people willing to buy and sell are just retail.
You never know...
Waiting and watching now ;)
Would like to say congratulations to all the nut-nuggets letting CSTI cover their short >.>
Probably just other MMs swapping securities to boost the volume though...
??? I see 4,600 shares go through on a bid of 7,100 shares and it knocks it out.
I call shenanigans.
I love watching people...
get filled at the bid for 100 shares...makes them pay their brokerage fee for the day lol and they didn't even get enough shares to sell to cover it.
News should be coming sometime today AH or tomorrow AH...unless they pull some mid-day miracle for some reason.
Everything is in my honest opinion and should never be taken as fact.
GO QSGI!!!
They aren't...
If you noticed...someone hits the bid, then the bid rises so basically some broker is covering their short by slowly raising the bid while slightly increasing the price as well so that some other broker will never get ahead of them.
News on Reuters out at 2:12 PM
www.reuters.com/article/2011/07/07/us-terrestar-confirmation-idUSTRE7665VY20110707
I believe the price fluctuated a little bit, but not crazy high...mostly because nobody knew anything about Krusecom except what they did as a business.
As a private company, they weren't required to publish any financials so nobody knew anything about how much their business was worth.
Now we will get to publicly see what revenue they have, will possibly have, and any other pertinent information because they are technically public now due to the merger.
The company stated that it was suppose to start at $45, but apparently within literally seconds...it was already at $80 as a start and boomed through $120 I think. People literally had orders in far before market and ate the IPO before before everyone could get a piece of it.
On another note, more importantly pertaining to this stock, something similar might happen percentage-wise :) IMHO of course.
Saw .22's go up...
Then they disappeared when someone bought them all lol.
This stock is ready to skyrocket...just waiting for that spectacular news that should be coming.
:) GO QSGI/Krusecom!!!
I have been holding/accumulating...
All I can say is that QSGI/Krusecom have done nothing but held up their end of the bargain including, but not limited to, pushing toward the Q-drop, instating their recovery plan, continuing to acquire business, and even attempting to acquire new subsidiaries.
Really...what more could you ask for from of a company coming out of bankruptcy?
GLTYA and GO QSGI!!!
I've just stopped reading his posts.
...and for the record, no matter how much revenue they actually bring in, just like any other pinksheet company, it is going to trade where it is going to trade.
Most people trade on psychology and momo more than on a fundamental basis these days so he can do whatever he wants, write whatever he wants, blah blah blah...it's gonna do what it's gonna do no matter what.
QSGI is going to go up significantly very soon in my honest opinion.
QSGI FTMFW!!!
I know most people are going crazy right now...
but I must say, I like this under-the-radar type stuff, especially knowing what is ahead.
Allows for high volatility in the upward direction when the Q drops and will catch people off-guard...awesome for those already in now.
Our time is coming... 1 week left until huge BOOM!!! IMHO
GO QSGIQ!!!
>.>
Almost all of the business they PR have no name of the company they did the business with as a courtesy to the company to protect their identity. Basically, it is the only legal way for them to let everyone know that they are still running a business without getting permission from each and every company to use their company's name in it.
Otherwise, you would get no PRs whatsoever or very sparingly and would just assume they are doing business in silence.
It also makes it so that other server and mainframe sellers (IBM, HP) won't have the ability to contact the company to attempt to take business away from QSGI/Krusecom.
NITE...what a loser.
Always has to step in even with a .0001 take down on the ask just to be the first to sell...wish they would get shut down by the SEC.
QSGI going in the right general direction at least...choo choo!!!
;)
Goes to show...
You never know when even a little bit of news will come out.
Randomly, it comes out at 2 PM on a Wednesday...who knew? lol
Just saw the awesome news from Krusecom that made it to the wire :)
Real company, real profit, contracts still coming in...Booyaaaaa!!!
Good job for everyone holding their shares...it will be well worth it very soon...just keep the faith ;)
GO QSGI/Krusecom!!!!!
Yep...last second 100 share paint at .1877 >.>
w...t...f >.>
Some very special people around here...wow.
...and there goes NITE walking this down like usual >.>
Someone big is playing around with this on a daily basis.
Either way, at least this is going in the right direction in the long run unlike some of the other plays I have seen on the hub.
GO QSGI!!!
Well...either that or people are going to do some buying or selling last minute by waiting to see how low the MMs are willing to put this thing before EOD...
Ya never know what others are thinking until they put that thinking into actions and you get to see the results.
About 15 minutes left on the day...just waiting to see what happens.
Same L2 as before except NITE is now on ask at .215 with 20k shares.
The thing is that most people are smart enough to know that if they don't have the cash to push through those shares on the ask to get back to where it already is which is at .23, they aren't going to ruin the run by walking the price down because some people are too dumb to just sell at or above the current ask price.
Did I miss something lol...
Nothing, then BOOM...straight to .23
Dang...someone or a group of someones wants in now :)
GO QSGI!!!!