Anxiously waiting for POSC to drop the big one!
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.
Your welcome Z-Man. If you want to learn more just google a lot of those terms or check out investorpedia.com as that is a great source of information. When we all go to Monaco you owe me a beer, or something with some gin in it lol. I am going to bed. Class dismissed.
Phantom shares my friend. In the world of electronic trading you can sell shares you do not have if are a market maker. It is called naked short selling. Naked short selling is selling shares you not only do not own but have not even borrowed from another entity. If stocks were still traded by actually having to physically deliver actual certificates than NSS would not be an issue. Stocks can still be required to be physically delivered in that manner, but you do not see a lot of that anymore as it is expensive and impractical.
Plain old short selling is borrowing shares from a broker and selling them with an agreement to buy them back at a later date. This is a popular tactic when you think a stock is going to drop. Sell high then buy low and you make $$$. Do not confuse the two as they are very different as you can see. Although the feds have cracked down and changing the rules on NSS the SEC is really only concerned with NSS on big board stocks.
The mm are short because they have not managed to scare us into selling when they brought this down all the way to .005. The only thing that happened was that we not only held strong but kept buying more! They have not covered their short position. Like one of the other posters said today once we get over .0265 and get some news then BOOM!
This is why the stock was up as high as 50% Friday on no news. They wanted to try to get you to sell. They must know or fear something big and bad is coming around the corner. Everyone just needs to be strong and not sell for a quick small profit. This is one of the rare occasions where you do not want to be a quick flipper with pennies lol (especially if we get the news we want).
If they want our shares than make them pay for it! If we get the big news we want than .10-.15 is very doable here.
It is real simple lets say NITE tells E Trade that they cannot fill an order. Big bully E-Trade says ok screw you we will go to PALC or somebody else. Then big bully E Trade remembers that and does not give NITE as much business next time. This is why NITE trades phantom shares because they do not want to piss off E-TRADE and lose future business. In turn then the MM'S screw us when they are very short. It is a very dirty business Z-Man.
That's right Peter! Do not settle with a 200-500% profit selling at .02-.05 on this one. If you stick to your guns and do not sell then we will see some real f'n action. I would also like to give a shout out to the Boston College Eagles Men's Hockey Team the new NCAA National Champions.
They do not have enough inventory from day to day. It is not like they have no shares at all. On those bigger volume days they cannot possibly have the inventory to fill all orders in a legit fashion. The problem is the retail traders are so ruthless that if you do not fill their orders they will just go to another mm. It is a very dirty and cutthroat business. This is why the mm commit dirty deeds on us. Shit rolls downhill my friend. However this will be one of those rare occasions where the good guys (us) will win.
Yes phantom shares Z-Man. The market makers sell shares they do not have in their inventory in order to keep E-Trade, Zecco, TD, Scotturd etc happy. If the mm do not fill the orders than the aforementioned retail traders will take their business elsewhere. It is all part of the game. However sometimes the mm's get caught in an unusual circumstance and end up paying through the nose for being extremely short on a stock. That is where we come in my friend he he he he.
Post Unavailable
Additional Information
Are you taking a shot at me dblue? Well are you punk lol? I am just kidding around dblue you and me are tight. Although as I said last night about .10-.15 being very doable you could be right. If the mm are as short as I suspect and enough people show some SERIOUS BALLS and do not sell than we could see some fireworks.
I have been looking at the last couple of bumps we have had where the ask has been getting slapped and the stock was allowed to move more freely and have observed the following. It looks like for every 1,000,000 shares of volume bought at the ask we are getting an approx 10%-15% rise in pps.
Lets say this can get to .02 before the merger candidates are announced (assuming that it is the Chinese hydro electric and U.S. video rental companies). If we have a volume day of 50,000,000 which is more than reasonable considering the big volume days back in Feb we could see a 500% - 750& increase in the pps. This is just a straight forward calculation and does not factor in the quality of the press release, merger details, and market reaction. I think .10-.15 is very doable here.
May 24th 1:15pm
20100409|VCTY|1788707|2884660
I agree. Please do not tip your hands everyone. We all know that the ihubbers own a very large portion of the float. There is no need to advertise it.
Trust me Darwich we hold more than 40% of the float.
Kum bay ya, my Lord, kum bay ya....
20100408|VCTY|366250|2147094
Shorts the last couple of days have been a much smaller % of the total volume.
Yes Penny they are going to go at it all night. I will make the popcorn and gather some wood for the campfire. Funny how I get pummled by some newcomers for just trying to keep everyone in good spirits here, but we have to watch this level 2 bitch slap fight for the last 90 minutes.
I sure hope so Toucan I have the day off tomorrow so I can sit by the computer with no distractions. Tomorrow would be the perfect day for news (for me anyways) .
Sorry dblue I cannot access my yahoo email from work I will not be able to see it until tonight. PM if you can if it is important.
In case you did not know this has been a running joke between me and Checker for weeks now. At this point most us that have been here for the duration do not care what others think. We will just sit here patiently waiting for our time to come. We are all trying to keep our sense of humor about this so we do not lose our minds waiting.
When you read the sticky notes make sure you read and print the post where Checker said he was going to pay for everyones hotel rooms when we go to Monanco.
Good afternoon dblue, Pacha, and Checker and the rest of the VCTY community. More of the same today. I want some action damn it!
20100407|VCTY|688905|1682670
I normally would agree with you Og, but this is in such tight hands I am not worried about any panic selling. This stock was completely tanked a while back and very few sold. However I do think it is important to get at least an update by the end of the week to keep the outsiders at least interested if not starting to buy.
Someone just smacked that ask like a porn star.
Hey Pacha I cannot access my yahoo email from work. PM if you can or I will have to wait until I get home tonight.
Post Unavailable
Additional Information
Post Unavailable
Additional Information
Good afternoon dblue, Pacha, Checker, and the rest of my VCTY friends.
20100406|VCTY|1259682|2394526
I drive a piece of crap that is why I am all in.
Yes please get lost dblue lol. At least we now know what the problem has been. I hope we finish green today and not revert all the way back to .01
I am thinking a couple of people started to hit the ask and the outsiders decided they better get in now being this close to the 9th. There is no denying that there has been a lot of people watching this one from the outside. Waiting for news is a bad idea with these type of plays, by the time the nws comes you are chasing the pps.
Good morning everyone. Talk about a quiet morning! We went almost a half hour without any action. Hopefully this is the quiet before the storm.
20100405|VCTY|655575|950909|
Hey Checker. I sure hope so. I cannot stand much more waiting lol. I was hoping that this would be closer to .02 when we get the news.
Another boring day. Ho hum.
If we get the news we want than it will be very new highs.
This is all a very good sign once there is news. This thing will explode.
Good luck to everyone this coming week. I hope we are handsomely rewarded for our perseverance and loyalty.