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.
IDGE getting active on level 2, could be time
You did better than my early entry of .0085 the other day. LOL We'll all be happy in the end.
Still a good entry, IDGE starting to show some life here. Triangle coming to the apex. .0077 x .008
QMCI in the process of forming a perfect morning dogi star formation that should confirm a trend reversal. Picked up some Friday at .33
Man, that's a perfect ascending triangle too. Come on bb, get on the ball. Just kidding. LOL
Agree, been a long time coming but it's starting to move. 'jlhy'
That wasn't me. Think it was ditka.
You did very well from .25, I've just had this one for a while and it's kind of a long term hold for me. Will definately sell some soon though. lol
PAYDV asking .50
PAYDV: Will see .50+ today easy
That sounds great bb.
Snowing there yet? Still sleeting heavy here in NC, you guys should get dumped on pretty good. Good luck.
Spill, looks to be a breakout from a nice triangle formation. Got that one on watch myself.
Enjoy, well worth the money IMO.
dude, try this board and replly to one of Matt's posts. He should get back to you very quickly. http://investorshub.com/boards/board.asp?board_id=504
True bb, I see the IHS clearly, and when it broke the neck line around .15 it ran to .45, been nice to have seen it then. LOL
True Mosby, I thought they both could be considered. Think I'll stick to the triangles though. Easier for me to see and to know what to expect. Thanks.
Thanks bb, I see what your talking about.
I don't see it, but I've never really been very good with those or the cup and handle for that matter. LOL
Check out this cup and handle on a weekly chart. Don't know if it means anything or not, just looked perfect. 'vtsi'
bb was talking about a way to save charts. Have you thought about doing that on the site?
Thanks, just wish we could get some volume. Started to come in a little Friday. May be time. 'jlhy'
JLHY: Broke out Friday from a decending triangle and closed above the upper bollie. Low volume though. Opinions on this one?
I try to listen every day. Really nice when Lance is on there. I could sit and listen to him talk stocks and trading styles all day long.
Same here, nice to hear Omni mention it on the show the other day.
Looking at that chart Dee, there seems to be tremendous support in the low .02's, seems to me accumulating in that range is a smart move. IMO
Anyone else holding any. I've had 150,000 for awhile now. May add.
Also bb, I guess you could look at that as a double bottom. Ya think? 'tall'
Thanks Churak, I thought it should be much higher than that.
Yea, I think we should see .50 very early come Monday morning. This stock is just starting to get investors interested as the technicals are looking better than ever and, well, we know the fundimentals (patent) are great. I picked up 10,000 more last week at .40 as in my opinion this is still a huge bargin. Good luck.
Thanks DeeDee, 128,000,000 shares of which 45 mil are held between the 3 officers mentioned there. 15 mil each. 83 mil float. Well, not nearly as high as some.
While on the subject of TALL, does anyone have an opinion, I feel that it is really a safe play in this price range but have no clue when it may move. 50 and 200 will be coming into the picture shortly, that may help. Opinions appriciated.
Question: I'm trying to find out what the O/S for TALL. Anyone know of a good site where you can find info on these very small POS companies. TIA
I have heard that too but don't know if it's accurate. Where did this info come from. Let's hope so because that would really drive the price bigtime.
I was also thinking that if it's true and tons of shares poured into the market just over .50, it would be a great oppertunity for the shorts to cover. Ya know.
NASD takes step to eliminate naked shorting
IN THE MONEY: NASD Tightens Short Selling/Delivery Rule
By Carol S. Remond
A Dow Jones Newswires Column
NEW YORK (Dow Jones)--Taking most market participants by surprise, the
National Association of Securities Dealers has drastically tightened one of
its rules governing short selling.
Known as affirmative determination, the NASD rule stipulates that brokers
and dealers engaged in a short sale transaction must make sure that shares
can be delivered by settlement time, three days later.
"We closed a loophole," said Steve Luparello, executive vice president of
Market Regulation at NASD.
Until now, non-NASD members, like specialists, option markets and foreign
brokers, weren't covered under the affirmative determination rule. That
means that non-NASD members didn't have to represent to the NASD broker
through which they conducted a short sale order that they would be able to
deliver the stock by settlement date.
A short seller typically borrows stock from a broker to sell it into the
market, betting that the share price will fall so that he can buy the stock
back at a lower price and pocket the difference.
The amended NASD affirmative determination rule, which was recently approved
by the Securities and Exchange Commission, will particularly affect short
sales conducted through foreign brokers, most specifically Canadian brokers
which have often been used by investors to sell short the stock of small
U.S. companies trading on the Over-the-counter Bulletin Board or OTCBB.
Because it's often impossible to borrow the shares of companies trading on
the OTCBB, investors and hedge funds looking to take negative bets on these
often-overvalued development-stage companies have traditionally been trading
through Canada where it's not required to borrow stock before selling it
short. The practice is known as naked shorting.
That trading avenue has now been effectively closed.
The new NASD rule doesn't cover Canadian brokers, since most are not members
of the association, instead it makes it the responsibility of U.S. brokers
trading with non-members to make sure that their counterparts will be able
to settle a transaction before completing a short sale.
"It's part of (a broker's) supervisory responsibilities," NASD's Luparello
said, adding that a non-member's previous failures to deliver should be a
good indication of whether or not it will in fact be able to complete the
transaction by the settlement date.
Market makers engaged in bone fide market making activities will continue to
be exempt from affirmative determination.
Luparello said that, unlike a parallel SEC initiative to tighten short
selling rules on the small-cap markets, the new NASD rules did not originate
from worries over mounting failures to deliver stock into the national
clearing system. But Luparello said the amended NASD rule fits nicely with
the new short selling regulations now under consideration by the SEC.
"I think it addresses a gap and (shows) that we, like the SEC, are looking
at a variety of things in this area," Luparello said.
The NASD proposal was first submitted to the SEC in November 2001, well
before alleged abuses of naked shorting became the focal point of a campaign
lead by some OTCBB companies in the U.S that say they have been victimized
by the practice.
While some investors argue that short sellers provide a needed service to
the markets, others have called for the complete abolition of short selling
because of the undue pressure its puts on the shares of companies.
While market participants in the U.S. and abroad are well aware of the new
short selling regulations being put forward by the SEC, known as Regulation
SHO, most said they knew nothing of the NASD's plan before it became final.
"It's taken us by surprise," said Richard Thomas, head of compliance at
Canadian brokerage firm Pacific International.
Although separate from it, the amended NASD rule fits tightly within the
SEC's SHO which is now under review by the SEC staff after a period during
which market participants were invited to comment on it.
As it stands, the new SEC short selling rules will make it easier to short
large-cap stocks since they would do away with the "uptick" rule, which bans
short selling on a stock when the price is falling.
But it when it comes to the small-cap markets, where it's often impossible
to borrow stock, the impact of SHO will be the opposite, making it harder to
short sale stock.
The new SEC rule sets a predetermined level of so-called clearing fails -
cases in which a broker or investor cannot deliver stock within two days
after settlement - which will trigger a 90-day blackout whereby the customer
will not be allowed to short sell that security. That 90-day exemption would
affect trading of U.S. securities in and outside the U.S.
The new NASD affirmative determination rule will take effect on Feb. 20.
(Carol S. Remond is one of four "In The Money" columnists who take a
sophisticated look at the value of companies and their securities and
explores unique trading strategies.)
-By Carol S. Remond; Dow Jones Newswires; 201 938 2074;
carol.remond@dowjones
kimfay, I put the link in the information box at the top of the board. Feel free to post and mention the importance of signing it as much as you would like. Thanks.
JLHY: Low volume stock, but started a nice breakout of decending triangle. Watch Monday.
From what I hear, some new laws and regulations are going into effect somewhere around the middle of Feb. that should be able to keep this from getting out of control as it has in the past. What PAYD is doing is probably going to be followed up by dozens of other small companies in similiar situations. This is the tip of the ice burg and in my opinion a huge oppertunity as the market makers and some brokerage houses are in a bind that they never expected.
Bucky, surely you have time to drop a line on more than one board. Go PAYD.
For anyone who has not seen this post about JNOT and naked shorting, it explains alot about the situation that we are presently in. http://www.investorshub.com/boards/read_msg.asp?message_id=574975&txt2find=jnot+
Question: I have been trading for a few years now but never have taken it upon myself to try to learn or understand how puts and calls work. If there is an easy explanation and you have the time I would appriciate it. Thanks and good luck with the board.