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Just because trading is going on doesn't mean the float isn't locked. With all the shorting, there are many more shares on the market then there are supposed to be and they aren't all held tightly. It might take some time before they are churned through and either bought up by more longs or purchased back by MMs. Once they are, and if the shorting is still as low as it is now, that's when we should really expect big moves upwards since true supply and demand will take hold.
I don't know the answers to the rest. The NOBO/OBO list and certs and such are new terms to me. We don't have any official list of the NSS count, just unofficial ones.
I'm with you. I couldn't care less about apps or PhDs or whatever. I'm holding for a lot more than $0.10 though. This is more like a negotiation and one of final steps in the process is starting the bidding out at the HOY, which is $0.72. So in the absolute worst case scenario, that should be the bare minimum anyone is willing to accept for any shares. But that's just my opinion. Larry, Curly, and Moe will have much different opinions.
I thought Nazir was from Canada, but I haven't the faintest idea where CDIV is or was located. Never really cared.
We haven't had a ton of volume, but it isn't exactly low either. NITE generally goes into their inventory of shares to fill orders first, then replaces them afterwards. They say this is what allows them to make a fluid market. So for them to only dip into their inventory for 5000 shares today, 5744 yesterday, and 1000 the day before makes me think there is a change in strategy on their part. Orders seem to still be getting filled so there must be real sellers, but NITE has not been willing to front the shares in the past three days for liquidity purposes.
KING RABBIT,
If you don't mind me inquiring, I am aware you went short on TSHO. Clearly a good call. I also know that you held that position for months. I've heard some people say that it's to expensive and to risky to short penny stocks, but they never explain why. I figure most penny stocks fail so it can't be that risky. Also, margin can't possibly be that big of a deal when you are making 10x, 20x, 50x, etc. on your investment. Would you be willing to shed some light on this subject for me? Anything you could share would be greatly appreciated.
Haha, I'm not going anywhere. My shares are held tight and will be until I'm offered a large sum of money for them.
I'm just trying to wrap my head around it. He knows so much about these scams, and has been courteous enough to help us, that this should be an easy question. This way, if he is proven correct, I'll know they were right and I should sell all my shares. But if I don't know whether he will be waiting until before or after the January Monkinar to flee the country, I'll just be stuck holding my shares. Plus, I was going to sign-up for the Vegas advanced seminar in February. I better hold off until he can tell me if Monk will be fleeing before or after that too. Hopefully it won't be until after.
Do you think he has already fled the country or will he wait until after the January Monkinar?
It seems to me the willingness to naked short has subsided substantially. In the time I've been here, I have never seen consecutive days of such low short reports across all the FLDs. Either they don't feel the need to short anymore, they don't want to, or a little of both.
That must be it. So Monk will not be moving his furniture into the house then and the office will remain vacant? He's off flying across the ocean in his new plane bought with our money? Why are they still updating the website?
Why would he buy a house though? I thought he was flying out of the country with all our money stashed in an offshore bank account that was verified by PayPal. Wouldn't buying a house and opening an office in Arizona be a waste of our hard-earned dollars?
The short report on CDIV is really low again. Only 5000. Actually, it is low on all the FLDs. It seems that whenever that short report is low, the price moves up.
So if their clearing agent is registered, Rule 3210 applies. If they aren't, Rule 3210 does not apply. Is this right?
It says it is a requirement for participants of registered clearing agencies. In the case of EIGH, who is that participant?
ctrumall, here is an interesting excerpt from RegSHO.com. I can not vouch for the accuracy of this site, but if it's true, it might shed some light on why Reg SHO isn't listing EIGH.
http://regsho.com/faq/investorquestions.php
Section 6: "Regulation SHO is limited to reporting companies because of the difficulty in obtaining accurate total shares outstanding data for non-reporting companies."
As far as I know, isn't EIGH a non-reporting company?
I don't put any stock into the SHO and FTD lists. If I did, then I most certainly would not buy into the FLD concept. I am aware that the lists are there to inform and protect us, but I simply don't think they work.
I am also aware that the market makers short as part of the process of making a market, but I firmly believe they go far beyond reasonable limits, resulting in an imbalance of supply and demand. I also do not believe there is an official record of these shorts. Plus, watching the ask get knocked out on L2 only to tick down again and again is completely baffling to me. I don't see it happen on higher exchange stocks like I do on the pink sheets.
Agreed that NSS is claimed by all sorts of companies and rarely proven to be true. However, in the past, shareholders had either jumped ship long before the point we are at now, or the company imploded on it's own. So far, neither has happened here so it's a stalemate until someone flinches. In a way, we're trailblazing because we should have bailed long ago.
If it does succeed? Anyone heavily short gets the shaft. This should be market makers and hedge funds. Perhaps the market makers could somehow eek out a profit, but then they are still vulnerable to future squeezes. If it doesn't succeed, then the shareholders get the shaft.
Yes, I do believe it is still a workable real-life strategy. The volatile behavior of the stocks as far as price goes is not fun, but not unexpected. I believe the price is a result of a concerted effort to hold it down and break the will of the investors.
I'm not sure what Monk's "predictive model" is, as that's the first time I've heard that term. The investment strategy is based on volume of shares owned, not price. If shareholders own more than what is publicly available, then the strategy is intact. The covering will only happen when it is in the financial interest of the market makers to allow it to happen. Until then, we sit and wait.
I said not to long ago that fundamentals don't mean anything. Reconsidering, I realize this is not entirely true. The only fundamental part that is of concern is that they stay in business and do not dilute. Other than that, I don't care what they sell or don't sell, do or don't do. Just don't go under.
We could debate forever whether it's short manipulation or it's a pump and dump, but it's pointless. The only answer we will have is at the end of the journey and until the companies go under or a short squeeze does occur, we just aren't there yet.
No need to be sorry. I am here of my own volition and have zero regrets about following your advice. I've learned more about market forces than I could have ever hoped for. And I've learned more at the Monkinar about trading than I ever thought possible.
Yes sir, I would certainly think that anyone in a position to short overbought, over-hyped penny stocks would do it since history repeats itself over and over on the pink sheets. I believe powerful hedge funds and market makers are in that position, but that's just me.
For once, I agree with you 100%. It is the exact same reason shorting a penny stock is such a safe play. It's almost guaranteed to fail.
I never did thank you for introducing me to the Den. Definitely the best investment move I've made yet. So, thank you.
To be honest, the chart doesn't look much different than any other pink sheet stock. Rises to fast, falls to fast, same old story.
Except for the A/D line. The A/D line is not following the pattern of the price like it should be.
Don't cut us short LG. We aren't just loyal longs. We are a powerful force they've never dealt with before. History in the making right here sir.
Nice short numbers today by the way. I normally don't look at them much, but 1000 on a 500k+ day is interesting to say the least.
Thank you! I was just waiting for someone to say it. We all know what's going on here. It's only debatable to the people who don't want the truth told.
The CHF pairs are resuming their trend they were moving on this morning. Might have some nice momentum in the next couple hours.
Ha! Good luck getting your shares back. I'll see you at the finish line.
I have past examples that have worked and haven't worked. I know why EIGH is different. I also know the proof we have and why we are unconcerned with fundamentals. However, you have mistaken me for someone who is willing to help you. I know who my allies are here and you are not one of them.
Make no mistake about it, this is a war and it is not to our benefit to reveal our secret weapon. If you are short on this stock then I'm sure you'll find out in due time. If not, sit back and enjoy the show. It is only just beginning.
There you go again. You can not process the concept that we don't care about the fundamentals. It makes no difference whether they make t-shirts or toothpicks or space stations. We are here because we hold proof of the naked short selling abuses, which the SEC is now looking into.
I understand that you enjoy riding the coattails of the "scam busters", but you are doing a very poor job at making your case. I expect you won't comprehend it until you receive your buy-in notice.
Now that is a good looking chart. I like the idea of looking at twists and separations between the high low of the same EMA. Plus, when the fast tunnel is hovering in or near the slow tunnel, it's a clearer indication of indecision in the market.
Speaking of CHF/JPY, I've got my eye on all the CHF pairs. They have seemed the most stable today.
Thanks! I read where 90% of trading comes from computers in big hedge funds, banks, etc., and only 10% from us. I am convinced that the big runs we see are caused by the computers recognizing a pattern from retail and they jump on to push a huge move, then jump off when something reverses. From what I'm seeing, I think one of the points in consideration is the agreement of traders on multiple time frames. The rest will take time, but if we can identify when and why the computers kick in with the big money, we should be able to ride big move after big move.
What I would really like is to somehow get in contact with an experienced Forex broker and see if they have any insight into this.
Well, would you look at that. The SEC said, "sure, we'll take a look at your NSS concerns, as long as it's with our guy." And 8000inc said, "we would be delighted if you would do that. Here is all the information you need to get started."
The end is near, but the real game is just beginning. Once we win here and on the other notables, the powers to be can either change their corrupt ways or we can march through the OTC one stock at a time and make them pay for their wrongdoing.
I don't think I could use it as a standalone system, but so far I have seen the merit in letting all the timeframes line up before entering a position. You're essentially using all the other traders to your advantage, regardless of what timeframe they are working on. I was scalping with it but that was by accident. I meant to work a 5 minute pullback on 1 hour trend and just got excited. I have to say, the scalping was a lot of fun, but I'm not ready for it yet.
Thank you sir. Hopefully it isn't a fluke. Lots of smart people on this board so I've been trying to soak up everything I can.
Here is what I've been doing since yesterday that seems to be working. This has been baby steps for the past few months with a lot of help from everyone here. I don't have enough testing in yet to get a good handle on accuracy, but I haven't taken a loss in the last 11 trades so I'm confident something is working right.
The charts posted are USD/CHF in 1 hour and 1 minute timeframes. I'm using HA candles. Also, I'm using the HAS Bar indicator found here for my exact entry points:
http://hyiperz.com/forex-indicators/has-indicator.html
I have been using the 1 hour timeframe for my trades and to determine a trend. Everyone has their own method to seeing it so if you are already successful, no need to change. For me, I am looking at divergence between the GMMAs and movement outside the yellow EMA62s. In this case, USD/CHF retraced slightly and continued downwards, but the long-term GMMA barely crossed into the EMA62 channel (white arrow). For me, that says a downtrend is forming.
Now that I know I want to enter short on this, I go to my 1 minute chart and look to enter on a pullback. Towards the bottom, you see the 4 rows of red and green squares. This is the HAS Bar indicator. It is a snapshot of smoothed HA candles across multiple timeframes. On the 1 minute chart it shows, from bottom up, the current candles on the 1 min, 5 min, 15 min, and 30 min charts. The idea is when they all align red, you go short. When they all align green, you go long. Since we're in a downtrend, we're only using short. When they are all the same color, it means traders on multiple timeframes are in agreement on direction of price and this creates an immediate surge of momentum.
I only enter when the top 3 are red and the bottom row (1 min) changes from green to red. I am also only entering on a red HA candle, but that is entirely up to you (I'm not yet very good at reading candles). I have a 4 pip + spread stop loss. As soon as the value goes positive 2-3 pips, I immediately move my stop loss to 0.1 pips above my break even point. This way, if it falls back, I do not take a loss and just wait for the next pullback to provide another entry. I'm using the ALF line (magenta and blue) to determine my exits, but this is obviously personal preference.
So far, the most I've seen any trade go negative was 5 pips total including the spread, and it swung positive within minutes anyway. I believe that the HAS Bar has been the best factor so far for choosing my entry points once a trend is established. By really nailing that entry point at the perfect momentum point, you are creating a one way valve so to speak.
I have had a lot of help from Simple's Green Room. :) And lots of coffee, and an understanding girlfriend.
I'll post some pics of what I'm doing here very shortly.
I've scalped USD/CHF and USD/JPY for 31 pips so far this morning. Haven't taken a loss in 10 trades now which is literally a first for me since I started. I have been using the indicator described in this article to time my exact entry points for trades.
http://hyiperz.com/forex-indicators/has-indicator.html
If I can get a strong enough sample size through the rest of today to know it isn't just a fluke, I will post some annotated pictures showing how I'm using it.
Who cares if they never make money? Who cares if one or one million people purchase any of their apps? There is a massive naked short position and they are addressing it. That is all that matters. You want us to abandon our positions but you keep barking up the wrong tree. We don't care about the apps or Nazir's future plans or how the company is financed. We care about nothing until the naked short selling abuses are exposed and we make our investment back many times over when the buy-ins are forced. To continue to poke at these fundamental questions is simply a diversion from the only real issue at hand.
If these are petty attempts to break up the resolve of the team, best of luck to you. It isn't going to happen.
Good, I'm glad it worked for you. There are thousands of custom indicators out there. I'm not overly crazy about MT4 itself, but I do like how much there is from traders around the world.
It might be a pullback and the trend will continue. Hard to say yet. if it continues then I will be buying with you.
This can be a bit tricky. You have to open MT4. right click on an indicator in the navigation list, and click Create. Then it'll open up a wizard. Choose "Custom Indicator" and click Next, then name it and hit next and then I think it says Done. It'll open up an editing window for your new indicator. Erase everything in it and copy the code from the site into it instead. Click "Compile" and if you get no errors, you'll now see it listed in your custom indicators list and can drag it onto your chart.
It's a lagging indicator similar to a moving average, but is somehow calculated differently than typical MAs. On this chart, it's the aqua/magenta line. I'm currently using it as an objective entry/exit point when the price crosses it. Honestly, I doubt the experienced people here have any need for it. But for me, I've been terrible at determining when to be in and out so it's taking some stress off my back to focus on the other facets of a trade.
It's on a site that pennies showed me. I recommend the colored one over the regular.
http://m15-swinger.weebly.com/indicators.html