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Well, at least we have a guaranteed PR in the next 2 weeks (versus "soon"). Hopefully more then just date info.
Right, WTF, if there isn't a short/MM controlling this whole thing, there are some pretty crappy traders out there, at least let it close above .045 and possibly sell tomorrow .045 to .05.
This may be the most frustrating stock I've ever owned. You can see why there are so many flippers.
I tried, just bought a number of 5k blocks and 50k at close .042. Someone/MM or otherwise is trying to kill this. Even tried to paint it down even more but missed the bell (5k after hours at .0417).
500k now sitting between .0475 and .05, unless that gets pulled or a lot of volume comes in that isn't going to happen.
They just disappeared, MMs pushing it down, wthere was as a 200K ASK at .043 and 500k at .45.
To little volume too many shares, all it takes is for a couple of longs to get impatient and we drop 10%. Someone a few days ago spoke of playing god here, I know what he means, pretty sure I could get this to .03 if I had to get out now.
Hey, they barely even PR positive events (and lately not even that), why would they PR dropping Dead Moose? That stuff even with blue chips would normally come out in filings and financials (not PR'd). Once we uplist, those filings will be required.
Nice, thanks! For reference I looked up P/Es for a few big names:
TCK = 13
AUY = 18.5
MCP = 171
REE = 18.5
FCX = 8
BHP = 13.4
It still doesn't matter what the ratio is, I guess a few don't understand that? I'd prefer that the end result is under $10 per share though.
I'll take 100:1 and a IPO of $5+ at today's price, $5 is magic number for many funds and institutions, i.e. they will not invest in a stock under $5.
I guess a lot of people here have been in pump and dumps where a reverse split ended up at the same value it started at. That's not gonna happen here with an uplist to a real exchange.
Good job selling into 500k bid at .05. Geez, I just checked buy volume, its 4,300, sell volume 702,142.
My question on this is, what may be the tax implications here? SRSR if not an ADR for Hong Kong exchange will be worth a lot less post spin outs. If I sell my SRSR at .01 it looks like I just lost x amount for taxes, but really gained, fingers crossed, much much more via the spin-outs in the form of dividends. Any ideas here on how this will work?
That .003 equates to $2.5 million in market cap, isn't that sort of amazing that $15 plus commissions can do that.
Just put in an order for .0519 so it couldn't be painted down, MM bypassed my bid and hit .049. I tried. MM is definitely short.
The options expired per the last financial statement. Only ~1.5million ($30k) exercised of the 50 million.
1.5 million support now, someone did just sell 450k against it too. With SRSR big support sometimes ends in big matching sellers, but why on earth would anyone sell here though.
If 401k'rs start pulling out their money (Capitulation), all stocks will go down across the board. Check 2008 for reference.
CSTI has a ton of shares to sell apparently, CSTI has been bought into before, probably 2-4 million worth.
There are a number of possible explanations for what looks like shorting on the SHO data.
1. Normal MM pinkie trading where they skim a little off top and bottom of trades and cover within the day or a few days.
2. The financials listed how many shares have been added via private placement, issued for cash, payments for services, etc... (it's around 100 million over 3 years). The shares issued for cash (49 million) are issued to the MM to sell onto the open market, the MM payed .02, they can do whatever they want with these. They do not want to just sell and destroy the market, instead they hold them and sell into MOMO. If you look at the Accumulation Distribution indicator, you will see that since the peak of the run in 09, 60 million shares have been accumulated, yet the price has only dropped and just recently started to recover. I think the MMs cheap shares have finally dried up. The recent news of financial backing has guaranteed the MMs will not be getting any more cheap shares (and with the AS just about topped out, neither will private investors).
3. There really are shorts. The shorts would have to be MMs or large brokerage house(s) capable of executing naked shorts, as they never seem to cover, average investors would not have the ability to short in any quantity to make it worth while ($1 to 2.5 margin requirement per share short)
We will not really know until the ST dividend date has passed. My guess is mostly #2 and a little of #1.
IMO.
I personally believe 100% that this is a real $5.5-10million deal, but in pink sheets world when one claims an unverifiable company has signed on to fund that amount of money it rarely actually happens. Maybe Merle could get additional information on who HKHE is, either here, or via the next PR? IMO.
Can we assume that the IPO will have a dual listing, one in HK and an OTCBB/PINK/NASDAQ one in the US/Canada? My brokerage would be able to handle HK exchange (for a monthly fee), but I assume most do not.
$10Million is the equivalent of 500 million shares (assuming .02). That many shares would destroy the share price. This is a much better deal for all of us and will greatly accelerate the project, awesome news.
If we can get this over .07, volume will come in, not much volume for the news right now. All of the big ASKs have been pulled, so it shouldn't take much to get this to new 52s.
On a side note, 10 million for 25% of the Nemegosenda values the property at $40 million, of course this too could be considered a sweet deal for HKHE (they are also assuming 10 million in risk).
Right, yesterday CSTI put up 500k at .06. They seem to be willing to let it go higher today. If this can get back into .06s, MOMO buyers may come back and take out CSTI even if they put up that 500k again.
50K from .06 break, 200k from .066. I just bought 54k at ask.
Come on SRSR, PRs are only around $1k to put out, I know you're frugal but we are willing to absorb the costs :) At this point the PR will be a block buster with all of the news they have queued up that has not been released to general public... I think I just need to take a few days off from watching L2 like a hawk and reading every post within minutes of being posted.
Not everyone reads iHub and checks financials everyday like us
PR tomorrow sounds good (Holiday in Canada today).
Remember that this is just an option to buy, the actual amount required to buy is most likely more then $1 million, up to $4 million. SRSR/Nio-star would have needed to earn/ forecasted to earn, $70 million + before it made sense to buy out this option (after ~$70 million they would be paying out more then it would cost them just to buy it out). At that point do they care about 1.5% ?
Obviously if this all goes as planned, whomever bought that option could make millions. ... If all goes as planned, someone whom invests $175k in SRSR stock this year could also make millions.
I'd be surprised if we do not get a PR tomorrow morning. They delayed the financials by 1 month. Since they are still unaudited I see no reason for the delay other than to coincide with news they did not want released until now.
Gold at all time highs today (GLD). Shinning Tree spin-off may come at just the right time :)
Wow at least her english writing skills are getting better. Check out some of the old bashes. Pretty sure everyone knows the deficiencies that were pointed out. Of course she omitted and/or did not research anything beyond the obvious. I'll make sure to update the comments section when we hit .20 and .30 ...
People are impatient even when we break out, why sell at .044 here, easily could sell at .046 -.047, or it's just those trying to hold it down. Whomever will be regretting that on Monday :)
Because there a varying sizes of sellers (ASK), You need Level 2 quotes to see them. Even with L2 the actual size does not show up sometimes (although this is getting better then it used to be). Then only the lowest ask per broker shows up, so there may be more hidden behind current ASKs on each broker. Right now this it what it looks like:
100k x .0459
20k x .046
12.6k x .0462
105k x .047
400k x .05
If there are no hidden sellers, we are ~250k from .05 (probably more like .75 - 1 million to .05).
Nice. Buy the dip, hope some of you were able to get a few this morning, that may be the last one. I was able to get another 60k at .043 :)
Haven't these people ever looked at a chart or fundamentals? When it breaks .047 it will be at .054 in no time, when it breaks .054, look out. We just need a little buying at the ask. Those PR(s) we've been waiting for would be nice this week, early next. The flippers are getting impatient.
200k more shares and we are at .05 (according to L2, probably some hidden in there)
I like seeing .045 at the bid instead of ask :)
Try doing some research before blasting people:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=20661689
I'm not saying don't trade this, It'll probably copy their last pump and get somewhere between .10 and .20. I'd wait for a pull back tomorrow if it doesn't gap up. Although adding 37 million shares to float may kill the run if new investors spot that. I'm just stating my opinions.
Right, so a few longs/bag holders with .30 averages just sold 50 million shares at .06.... There has been ~7 million shares traded since reverse split. Any other shares would have been bought at .3 or above (post split price).
They are not after hours trades, they are new shares added to the float. They have to pay for that for the $1 million pump. 37 Million shares now x .0467 = $1.7 million, I guess the pump is paid in full now, + someone made $700k so far.