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The only place its bouncing is down to .05
Is the float 750,000,000 yet?
MJNA should be able to buy out the entire industry with the diluted shares now.
He said he has to pull half his money out and has a sell order. Does that sound long to you?
Thank you for clearing that up. Now that explains the 100 share buys.
You beat me to it. The only way we see 200 dma before 30 rsi is if we see a few green days before the retrace, which is why rsi is the best current indicator. .06s will see some volume velo, will be interesting.
100 would actually make it only $8.
It could be a partial fill. And I bet some people do buy small, even though it makes little sense.
But to say they are signaling for the lack of better explanation is reaching.
And if this trick worked, it wouldnt work anymore. Its called market efficiency, you cant trick it unless you have inside info or a ponzi firm.
oldie but goodie:
http://shockertrades.blogspot.com/2011/05/market-maker-speaks-out-ways-of-market.html?m=1
And yes, MJNA products are kicking butt, MJNA the stock is not...
Im sure they signaled at some point but traders used to receive certificates as well, now I get instant confirmation on my Fidelity platform and an email.
Its traders playing games. I have never seen a 'signal' to actually hold true to its assumed meaning. 911, 100, 420 its all a myth imo.
I disagree. I have no position. Looking at the chart we are headed to 200 dma (.05-.06), and I believe this is where the MMs are taking it. As long as the share structure stays a secret and ML keeps signing the fins things are not going to get better. imo.
Your exuberance is refreshing but look at the chart and the L2. I dont feel the same way yet.
typo, 50%
MMs were signalling that they were all out of MJNA shares which is down 50% for the month, 20% for the week and 5% for the day. Oh yea, they are signalling ok, slapping high fives maybe. geeezzzz....
What big news? Ted is going to announce the float finally or are they getting bought out by big tobacco? or big pharma?
MMs now have cell phones, email, text messaging, skype and other means of communication. Nobody signalling nobody on L2.
Quick, MMs running out of MJNA shares! lol
I used to flip into the morning impulse here but its impossible to do anymore. My ask gets skipped and mms are selling their own shares above my ask. Too much manipulation right now...
Even so, 380k is not solid support or even worthy of discussion. This stock needs buying pressure, not bid sitters. The walls appear and disappear faster than the trades come in.
look now, the support is gone... do you still trust what you see on mjna L2? Its deceiving imo for a reason...
10s and 9s had the same ridiculous support
there goes the 50 dma
Breakout!
Loaded 6.50sss. Looking for 200 dma
NKTR breakout.
Bouncing off 52 lows
I think everyone knows what the deal is regardless of what Stue told bab. At least the courts are transparent. Would be nice if the judge had the float numbers as well, since the company suspiciously wont release the current ss...
I was not shooting the messenger. Apologize if it came off that way.
LOL at denials. you gotta admit its a little funny.
Yesterday Stew said there was no dilution.
Today he said ML is not indicted?
What will we learn tomorrow?
Investor relations lol...
I agree with everything you stated. I will watch the chart and may start buying the .06s as well.
My gut says .055 before we learn of the float.
Everyday which passes without the float numbers is going to cast more skepticism. It was a no brainer in the .02s heading into election times but the market is different now.
Looking for ted to say the word float on the 5th. The 6th could see a pop or a down trend imo, depending on what Ted is selling.
The company is excellent but the stock has some issues at the time. I hope they dont throw away this opportunity to get it right and show the shareholders value. But the wait on ML case and the float are nerve wracking for most. At this rate I dont see how they uplist any time soon. aimo.
Thats where the 200 ma is at. 05-06.
This is exactly where they are taking it to imo. Throw in all the gains and losses bailing out in december and the 200 day ma target looks even better.
50 day ma has failed. Unless something crazy, unexpected happens, there is no reason to bounce before January...
it sure looks good under .03 but the seller is relentless... My plan is to load all December long while gains and losses close out positions. january should be lights out imo. The bottom is near .02 I believe. gl
50 ma is .021 now.
Going to load the boat there. Possibly today or tomorrow?
Oh yes I will, dry powder waiting....
Preach it Jack! Old fashion way to get cheaper shares, Im looking for .05s too buddy!
That is pretty funny actually!
In a perfect world you would look at the q and figure out for yourself but since we are guessing here the pps keeps reflecting it. Now that most of the blowhards and the momos are all out the true longs want answers and they aint getting them.
Considering the trading pattern here, it sure looks like they are selling shares. aimo.
There is always tomorrow my friend.
The only thing that matters is the float. AS and OS is important in contrast. The float listed in Q3 is from March. Unless we assume the OS is maxed... that would not be good...
.03 is the 50 day ma.
Imo it should bounce from there.
imo they are not covering anything here. They know where the 200 day ma is as well as we do. They will cover then. How many "scared" and "stupid" investors are out there? Enough to dump millions of shares daily?
They are the only ones who can print new shares.
Daily short volume is around 25% everyday. So they are not shorting them all. Someone is selling, any idea who that could be? With this volume its hard to blame the shorts.
I think many are eyeing it. Throw in the fact we are nearing year end, people exiting positions, taking realized profits to pay taxes or selling bags to write off taxes, .05s look to be there at some point. Todays inability to bounce off 50 day ma was a signal for me to wait out the .05s.... gl, jmo.