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Total cost should be around $20 USD or so. The trick is to get the doc in time to make it relevant to the play. An order today might not be delivered til end of next week.
Yes we have to watch every tick but really have to watch for overwhelming volume and no movement or for tricky moves that bring it down on headfakes. Too bad pinky REGDEX filings never seem to be available online.
1@ .0005 x 4@ .0006
5@ .0004 x 1@ .0009
1@ .0001 x 1 .001
---------1@ .018
10,000 went @ .0006 - was it a partial or a big spender? LOL
And yes the Long Island address threw me too. More hope here, but hoping it really means ICTY will remain MNTY free.
I think it depends on how long it has to hold. Which depends on how soon they PR merger or good pinksheets update. May also depend on the REGDEX, which could be for the merger, coulda been already dumped or could be waiting to dump into a run.
I read someone concerned about AUTO. When I put my orders in with Ameriturd, AUTO jumps for me.
Those .0005s are pretty thick this morning. Nice to see all the buying but it is a little disconcerting that it still sits on the ask after about 4.5M consecutive fills.
5@ .0004 x 1@ .0005
2@ .0001 x 3@ .0006
---------1@ .0009
---------1@ .001
---------1@ .018
Thanks. So MNTY, back when it was ECFL: 8/4/06 REGDEX resulted in run from .08 to .349 in under 3 weeks
9/1/06 REGDEX dropped it from .14 to .07 and back to a high of .16 all in about a week before it dropped to .038 and ran again to .12 There was some real good action in there.
2/6/07 REGDEX had little effect
2/16/07 REGDEX dropped it to .028 within a week before running to .051 within about 3 weeks
5/8/07 REGDEX had little effect
11/16/07 REGDEX dropped it to .0017 and ran to .0035 a few weeks later
If you're not living on the edge, your taking up too much space.
No but didn't ECFL PR merger, file REGDEX, have nice pop and then fast precipitous drop... time passed and another REGDEX filed, popped nicely and sank again before completely killing it with yet another REGDEX?
I could be remembering wrong but I kinda remember that was how it went. Give it about 3 business days if they are going to fit that pattern. And don't forget to bail on the pop!
That's a nice way to do it if you have the cashish. If you have that much control you can start the run where you want.
You are right. There is a good chance that unless they PR something really smart tomorrow the run will not start from .0005. Especially after the RegDex.
If they plan on dumping they'd better be smart enough to run it up first.
Unless they're dumb enough to think they can dump it down here in the 000s and build value from there.
If you're not living on the edge, your taking up too much space.
Not a bad few days here. PSAR @ 3.54 could flip tomorrow. Chart looks great. More of the same tomorrow and this will be primed for next week. Would like to see the volume higher still.
SMA 8 should be heading up through the SMA 20 tomorrow. Last time that happened $2.90 turned into $3.90.
SMA8 bounced off the SMA50 the other day.
If you're not living on the edge, your taking up too much space.
Why can't $5,000 at .0005 be retail?
10,421,533 shares at .0005 today in 13 prints. Probably not the work of a single institutional type seller. But hard to guess how many sellers.
I know I bought some of it so at least some of it is guaranteed to be retail buying. And there wasn't just one trader lined up to catch it. So add at least one more retailer to the equation.
Based on Dajen's posts all those .0007s this morning were buys too.
Maybe someone wanted a few extra K for a stock that was moving or was going away for a 4 day weekend and didn't want to leave it in a pink.
Why would the company sell at .0005 with a merger pump coming up?
If you're not living on the edge, your taking up too much space.
10M at .0006 is only $6K, within the reach of many retail traders. We also know; lots of buying happening at the bid. Would like for that to change. Would be at .001 if I and others bought the ask today.
Unless of course, it really is dilution or some toxic financier selling at the bid. But it is doubtful the Co would bother selling the bid at this slow a pace. There would be lots more volume and a stair stepping downwards of PPS up then dropping it, up then dropping.
That is why news works so well. It will cause people to run for the ask.
If you're not living on the edge, your taking up too much space.
Thanks for the confirmation. And WTG. It was a great buy at the time and should work out well. Now people have to stop hitting the bid and start buying off the ask. Myself included.
Betting that .0004s will be pretty solid if they don't have to hold for too long. News should easily make it a 5 bagger from there.
...picked up a few .0005s in the fray, hoping the news is real and coming soon to a streamer near you. Yes, hope-based trading! LOL
It sure is, but do the virtuous make more $$? :)
This trades very very retail. The bid dropped to .0005 because I dropped my .0006 buy order to .0005 after seeing the .0008 ask get deeper and nothing else come up on the bid after the .0007s left.
A little good news (not fluff) and this will really fly. Who knows, with all these retail traders at the helm, a little fluff might shake it up too.
Looking at T&SQ that 1.2 M@ .0007 looks more like a fill that had been going on for about 2.5 hours
1046467 @ 12:57:45
111233 @ 10:48:02
50000 @ 09:55:12
292300 @ 09:40:03
add these up to get a nice round 1,500,000
Merely speculation but it took nearly 2.5 hrs to fill - - it *could* even be a buy.
Total .0007s so far today = 2,235,000
OT - thanks. Does look stalled but bollies have been tightening and some oversold conditions are present. Channel forming with $1.38 top, or maybe more of a pennant which could be ending soon. SS just changing direction and overall it is trading pretty tight.
Also a good Q should be coming based on their mid-Q report a couple weeks ago. Debt is scary but maybe nothing to worry about for just a trade? I don't wanna make the LVLT board too much about other things, so will end it here. Thanks again!
Here comes the channel top. Good volume so far!
Level 3 Video Streaming Services Ready for Final Night of the 2008 Democratic National Convention at Invesco Field
Wednesday August 27, 6:33 pm ET
Live Online HD Video Streaming Offers Unparalleled Access to Global Audience
BROOMFIELD, Colo., Aug. 27 /PRNewswire-FirstCall/ -- Level 3 Communications, Inc. (Nasdaq: LVLT - News) today announced that the company has completed final testing of its video streaming services in preparation for the last night of the 2008 Democratic National Convention at Invesco Field on August 28. Final preparations included camera tests at the stadium with images encoded and cached over the Level 3 Content Delivery Network (CDN) -- a key behind-the-scenes step in delivering live video streaming throughout the four-day event at http://www.DemConvention.com.
"Live online video streaming in high definition (HD) offers Convention viewers a true broadcast quality experience over the Internet," said Grant van Rooyen, president of Level 3's Content Markets Group. "Over the first two days of the event, audiences from around the world have taken advantage of the opportunity to watch the Convention online. The Internet is helping to break down barriers to access the Convention and engage more people than ever before in this historic event."
As the Official Live Video and Content Delivery Services Provider, Level 3 is delivering:
-- HD and analog video feeds to national and international broadcast networks from the Pepsi Center and Invesco Field.
-- Live video streaming to provide online event access for a global audience; live video streaming in HD is a Convention first.
-- On-demand online video to enable viewers to watch Convention content according to their personal preferences.
-- Web site caching to provide a high-quality end-user experience at http://www.DemConvention.com.
In preparation for the Convention, Level 3 installed more than five miles of fiber optic cable to connect both the Pepsi Center and Invesco Field to the Level 3 network. Level 3 has also established fiber route diversity from each venue, redundant video encoding facilities and enhanced network security to ensure network performance throughout this event.
A video animation that demonstrates delivery of Convention services over the Level 3 network and additional press kit information is available for media download at http://www.Level3.com/DemConvention.
Level 3 Executives to Speak at the Jefferies Sixth Annual Communications Conference
Wednesday August 27, 8:00 am ET
BROOMFIELD, Colo., Aug. 27 /PRNewswire-FirstCall/ -- Executives from Level 3 Communications, Inc. (Nasdaq: LVLT - News) will make an investor presentation at the Jefferies Sixth Annual Communications Conference in New York City on Tuesday, September 9.
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James Q. Crowe, president and chief executive officer, and Sunit Patel, executive vice president and chief financial officer, are scheduled to present at approximately 3:45 p.m. EDT. A webcast of the presentation will be available at: http://www.wsw.com/webcast/jeff27/lvlt.
Looking for confirmation in volume breakout of about 27M+ real soon. May have to wait a few days considering this is the end of the last week in August.
Bounced off 200SMA a few days ago
Nice SS cross a few days ago
MACD about to cross and turn positive
Looking good.
OT - any opinion on SIX? ...getting mixed signal but seems due for a move soon.
If you're not living on the edge, your taking up too much space.
Here's the water! They make 3 kinds now.
glta
(images from failblog.com)
If you're not living on the edge, your taking up too much space.
Hey when did SBSH drop off the L2? I swear I used to move them around here with my orders and now I don't see them.
Not saying this is the case but a lot of these RMs love to PR before the weekend and give shareholders something to think about. They will PR it again when the next week begins. Esp if they decide to pump this.
If a PR comes out over the weekend, or AH, you will not see .0008 on the ask again until the run is done. Unless it is a lame PR, but if it is a good merger or filings PR that shows on pinksheets filings page, then whammy - look out!
If 3.25 holds I'd say it has broken out of the triangle. Based on yesterday's candle and today's candle (at 3.25 or better close), the bulls are back at least for a bit. Maybe enough to get us to the top of the channel, which is the next resistance it needs to break.
Chart looks good and all indicators previously suppressed by the triangle are breaking their resistance levels.
Seemed that everyone thought it possible since this wis a pink but based on trading volume, buys, sells and price action it didn't seem very likely. At least that is what I remember reading (and thinking). It still looks like normal pinky selling pressure based on a big run up and lack of news from the company. Accumulation/Distribution and MFI are down too, making it all look pretty normal.
Well over 300,000,000 traded below .001 in the weeks preceding the run to .002. Much of that was below .0008 and some as low as .0002 . Meaning that even today, you are up nicely if you got in at .0005 or less...
That makes for a lot of profit-taking volume to bring PPS down. When (if) more excitement comes, when (if) news comes, when (if) the Co. removes the STOP from pinksheets, buying will (should) take over again.
Still riding that triangle down. Got to break yesterday's high for the beginning of what could be a breakout. Chart says it is possible, downtrend weakening, but so is uptrend.
1@ .0011 x 2@ .0013
1@ .001 x 1@ .0016
1@ .0009 x 1@ .0017
2@ .0007 x 1@ .0018
1@ .0004 x 1@ .01
1@ .0001 x 1@ .018
If the L2 is stacked like this, you can say there is only 1 MM left at .30
1@ .29 x 1@ .30
2@ .28 x 1@ .31
1@ .27 x 2@ .32
You would usually only say that if earlier in the day there were more at .30 like so
1@ .29 x 3@ .30
2@ .28 x 1@ .31
1@ .27 x 1@ .32
That means that, if there is a lot of buying going on, when .30 is taken out, the MM at .31 will be inside the ask and the next buyer will have to pay .31
Of course that could all change in a split second.
If it is a security on an exchange that trades AH (after hours) it means they weren't really trading before, but now they are.
If that security doesn't trade AH, it means nothing. Maybe the other MMs closed and this one didn't bother, maybe they have the best offer of MMs still open etc.
It means the move that MM made from it's previous price to the price currently quoted was in the direction of the arrow.
Chart guy should pick a few up here too. He can sell most of em when they move up, and give the rest to fundamental guy as more free shares. Unless chart guy has to sell first because the bottom fell out below his 3.07 based stop. If he doesn't, will fundamental guy kick his butt?
It trades pretty well though. Accumulation/Distribution, MFI, PPS and volume, it doesn't move like it is being diluted. Not saying that it isn't or won't be, but right now it doesn't appear to be.
Getting close. Watch for $3.07 break or bounce.
Took 5,040,000 shares (25% of today's volume prior to the trade) at .0012 to drop the bid from .0012 to .0011.
1,600,000 at .0011 and the bid is back to .0012
L2 now:
1 .0012 x 2@ .0014
2@ .0011 x 1@ .0015
3@ .001 x 2@ .0018
1@ .0001 x 1@ .01
-------- 1@ .018
Lots of people in here cheap and looking for more momo on a Friday in August.
GLTA
1@ .0015 x 1@ .0017
1@ .0011 x 3@ .0018
3@ .001 x 1@ .002
1@ .0007 x 1@ .01
1@ .0001 x 1@ .018
Looking a whole lot better than yesterday when 3@ .0015 was 2 deep on the ask.
Charts look nice too
It doesn't look that way. But it is a pink so you can't really rule it out.
In fact, you pretty much have to rule it in, as at least a possibility.
Nice move in L2 just now. Got .001 bid covered up and 1 less on the ask at .0013. Watching for how the .0015s thin out...
1@ .0011 x 1@ .0013
5@ .001 x 1@ .0014
1@ .0001 x 3@ .0015
--------- 1@.01
If you're not living on the edge, your taking up too much space.
Aww shucks. :) Thanks. Just trying to make a buck. No one system works on its own, as you pointed out, it is always made more reliable by taking as many factors into account as possible.
Did you notice the triangle on the weekly chart? Symmetrical... the kind that could break in either direction. I still think the overall picture here is good, even though the short term picture might get ugly.
Yes but unless we are seeing different things, it's the scary kind. I see a descending triangle made with the support from the new channel (about $3.08) as the base of the triangle. These tend to go to the downside when the break. Right now I'd give it about $2.70 if it goes that way. This would be due to less interest and lower lows until support fails. It has to hold that support until September when the lines of the triangle converge or until it breaks out of the sloping resistance line.
At the same time, it has been trading in a rectangle/ channel. That has been narrowing for the last few days so it could begin to be seen as a pennant. I'd give the pennant $3.75 if it breaks to the upside but needs about 3.40 to being the upward break. Breaking the resistance of the triangle could help that upward momo too. Pennants can be a tough call. This one is within an uptrend begun 7/15 but also within a downtrend begun 6/6. Which trend would a breakout favor? Some indicators are oversold, others still point down.
Too many mixed signals.
The channel support could help prevent the downside breakout of the triangle. Rectangles and pennants can break either way but this triangle has a stronger tendency to break down. Any catalyst in the pipeline or is it time for Oppenheimer to start collecting on it's downgrade? A big run in the markets overall would help.
L2? What's happening here? News coming? Went from .0039 last trade, to .005, bid moved up to .004, ask now .045
... all with no trades and after 2 hrs of trading down from .006 ...
Ford to sell $500 mln of shares to buy back debt
Thu Aug 14, 2008 11:10pm EDT
TRAVERSE CITY, Mich., Aug 14 (Reuters) - Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz) will sell up to $500 million of shares to buy back debt from its Ford Motor Credit Co LLC subsidiary, the automaker said on Thursday in a federal regulatory filing.
Ford, which posted an $8.7 billion net loss in its second quarter, has said that improving its balance sheet is one of the four pillars of its turnaround strategy. Goldman Sachs & Co is acting as sales agent for the deal.
"We are selling the common stock on the open market and buying back debt to strengthen the balance sheet," Ford spokesman Bill Collins said.
Earlier this year, Ford abandoned a longstanding goal of returning to profitability in 2009 and has accelerated plans to restructure its North American operations to produce more cars and cut back on slower-selling trucks and SUVs as fuel prices climbed.
Ford and other automakers have been reeling from slumping U.S. auto sales, which hit a 16-year low rate in July, weighted most heavily to the larger trucks and SUVs that had once produced strong profits.
Ford took a $2.1-billion charge in the second quarter to write down the value of leases written by its Ford Motor Credit finance unit, mainly due to a sharper-than-projected decline in the resale values of light trucks.
Ford ended the second quarter with a cash position of $26.6 billion, down $2.1 billion from the first quarter, but executives have said they are confident the automaker has enough liquidity to make it through the downturn.
In the last 12 months, Ford has bought back about $927 million of debt in exchange for equity, Collins said.
Ford had about 2.17 billion shares of common stock and nearly 71 million shares of class B stock as of May 1. The dilutive impact of the move varies depending on the stock and bond prices, but is expected to be in the range of 4 percent.
According to a prospectus filed on Thursday, Ford plans to buy back debt with maturity dates before Jan. 1, 2012 with fixed rates of 5.625 percent to 9.875 percent, or that have floating interest rates.
Ford Credit has outstanding about 14 series of those debt securities totalling about $24.4 billion. (Reporting by David Bailey; Editing by Kim Coghill)
Nice sideways movement. SS crossed itself up, other indicators got the chance to cool off a bit and some are beginning to break out of the downtrends they have been in.