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That's interesting, thanks. Were they the ones sitting at .0395 eod? I glanced at the L2 a couple of times briefly, but really was watching a couple of other tickers. I do remember some large offers close to .04. I would bet that ARCA was trying to short, but you never know. I've seen him do it before on CERP. They must not know about the news, LOL.
I didn't see when he showed up. Bid or offer?
ARCA is a shorter on CERP. I wasn't watching much today, but I've seen him and AGIS do the majority of the shorting. He is one to watch, for sure. Also, when CERP made its move off the bottom from .01ish, ARCA was flashing fake 1M bids for a day or 2 to push CERP up. He's definitely a manipulator that likes to play games with CERP.
Well, I wasn't going to buy back unless CERP could break .048 convincingly, but due to that news, I got some .037s and will probably add tomorrow.
Opened AND closed over the 200 SMA for the first time in probably a year (My chart doesn't start drawing the 200 SMA until Oct. of last year, when it was at 7.50)! If this breaks 3.75 tomorrow, $4 should be right around the corner.
I'm holding a few at $1. Using the prior day's low as my stop loss. With good volume, this can easily get to $1.50 in a day or two. But not a long-term hold for sure, LOL.
I'm really pulling for it to be a good play, along with everyone else. The story is better than their previous couple of plays for sure. I have learned though that just because a promoter who has had some very successful plays in the past, and then has a couple of stinkers, there is definitely no guarantee that the next one won't be a stinker also. Definitely like the way this one is starting out though. Seeing it breakout on the second day is pretty bullish. Now let's see it hold .145.
BTW, can't PM you, Ken, but I completely agree with you about that other play. Too much Kool-Aid is bad for your health, LOL.
This isn't going to .35-.40 on Monday, imho. In fact, I'd be surprised if it gaps, considering it didn't gap at all today. VM plays don't really have a history of gapping much the past few plays (even PWEI didn't gap much). I kind of prefer it like that if I'm holding o/n, because there's that anxious few minutes each morning waiting to see if the gap gets filled.
.18-.20 on Monday with higher volume than today would be just awesome.
Basically, it works like this (someone please jump in and correct me if I'm off base here): You put an order in to buy 100K shares of CERP. The MM that your broker routes through doesn't have shares to sell to you, but he sells them to you anyway with the intention of buying them back from another broker later. That counts in the books as a short sale. So then he buys that 100K shares back later from another broker, hopefully (for him) at the same or lower price. That is also reported in the total short volume as a cover (buy back). So one 100K order can be reported as 200K in the total short volume for the day.
Retail shorts are fairly rare for thinly-traded OTC stocks. They happen more frequently with bigger pump and dumps from the likes of Timmy Sykes and his cohorts, but it takes a lot of money in your brokerage account (not to mention most brokers don't allow short selling of penny stocks) to cover your short in case of a margin call.
Hope that helps. I'm sure there's more to it than that, but that's the general idea.
I guess I should say that it broke MY trendline that I have drawn on MY chart, LOL. Depends on how you draw it, really.
All of those shorts were covered today, more than likely. As I have said, those are just MMs borrowing shares from somewhere else (other MMs), if they don't actually have them to sell. They then buy them back later in the day to cover. Almost all, if not all, of those short sales were NOT retail and are not significant. That being said, if I could find shares, I would have shorted CERP the past 2 days, LOL.
I'm fairly certain that shorts must cover before any split takes effect. Anyway, like I've mentioned before, short interest here is minimal. There just isn't enough demand at these prices right now.
It could be a big play, but since everyone is expecting it to be one, it might not be. Just remember to sell on the way up, LOL!
I kinda doubt that. Those kind of plays happen once a year or more. I'll be happy with .20s, LOL.
Averaging down on a penny stock is one of the worst things you can do. Trying to catch the bottom, only to see it keep sinking further, can be quite costly. I've done it in the past, but you won't catch me doing it now. The better thing to do is to just cut losses quickly and save your capital for another day. And yes, you make more money by averaging up!
CERP broke its ascending trendline today, crashed through what should have been good support at .035, and looks like it is heading back to .03 and quite possibly lower. I wish you all the best of luck here, but it looks to me like CERP is toast.
So you get in when you got your volume surge and .15s, bro? I did.
Bought some .145s today on the breakout. Glad this is showing some signs of life, unlike their last couple of pumps. Hope we see some .20s next week before the "big dip."
Noticed that the SMA 200 keeps rejecting ZNGA, but that it came fairly close to closing near it today. I'd love to see it close above it next week, since I took out some Mar $4 calls, LOL.
The link that you posted is for the daily short numbers, which consist of MMs basically selling shares to each other before they actually have possession of them, then buying them back later. It isn't indicative of the real short sale interest. I'm not sure where you are getting this astronomical number of 50M fail to deliver from. Can you provide a link to that please?
Those number don't represent the actual short interest in CERP. They are intraday shorts by the MMs, and are normal in daily trading. The true short sale numbers can be found here: http://www.otcmarkets.com/stock/CERP/short-sales
So for the last 2 week period reported, a total of 625,729 shares were shorted. That's completely insignificant.
I've made more money on CERP than any other ticker this year, but I won't be buying back until it breaks .048ish on heavy volume. I'd rather buy the breakout than try buying the dip and watching it bleed lower. Hope for everyone invested here that it does break out. I honestly think this last run may have just been a dead cat bounce. Volume has died off a whole bunch since they announced the R/S and A/S increase proposal in April. Nobody likes to hear that kind of news, and traders/investors tend to shy away from stocks with that news. Just my opinion. Good luck.
Yep. Today's PR was to sucker some more people in right before a R/S. Seen it too many times.
I've never been a buy and hold kind of guy, LOL. I'm in and out of these promos like a cowboy in a whorehouse. I like seeing realized profits in my account!
Nice that CERP closed lower on low volume. I expect a red day tomorrow as well, somewhere around .035-.036 and to consolidate between there and .04 for a few days. If it can't hold .035, back down to .03, imho. Good luck to all.
Because I don't trust this bounce just yet. Ideally, I'd like to sell around 1.15 or so in the morning if GNIN gets there. If it looks like it can close over 1.20, which is right around the 20 SMA, I'll re-enter. I expect some heavy resistance around 1.20. Why not sell and take profits? I'm curious to see if the promoters are still on this. The volume today was really nice, so looks like the pump might still be on. It would be nice to see an email from them.
It's ALIVE!!! I wonder what the plan is here from the promoters. I never got one more email after the first one from Brighton. All the same, I bought in today towards the close and will sell on the first nice pop in the morning. I'm curious about that 1.20 level. If GNIN can close over 1.20, this could get really interesting. Increasing volume and increasing price looks good for now!
Managed to sell this at .49 from .45 yesterday because volume and liquidity had completely dried up, and then of course it pops today. LOL. I think I'll wait and see how it trades for a few days before taking a position again. It would be nice to see some consistency here.
On bounce watch.
That's because everyone on ihub knows that it is the biggest pos in the OTC market, LOL.
Wow, SAPX is still the biggest pos on the OTC market. When's the next R/S? LOL.
And it is trading as I expected also. Like I said, the lower volume and close well off the highs were both bearish signs. Needs to consolidate above .036 for a few days, then hopefully move higher.
That's not what you want, to go up on light volume. That means that you can come down on just as light volume. You want to go up with increasing volume.
Ideally, CERP would consolidate in the .04 range for a few days before making another big move. A large move up on lower volume would mean another big move down, imho.
Did I mention volume? LOL. Probably the single biggest indicator that I use.
Note-holders are willing to sell at almost any price. If volume doesn't pick back up to the upside, they can crush bids back down to .03 or lower.
I've seen some shorting by MMs (AGIS and ARCA the main two), but I wouldn't call it a ridiculous amount.
Still waiting on this to settle out before I buy back in. Should have bought some of those .135s the other day before it bounced, but was busy with other stocks instead.
Try PBCWE.
We can just agree to disagree. I think that a close today at or near .048 on heavier volume would have caused a small gap up over resistance and a flood of new buyers tomorrow. Right now, traders are looking at a close well off of the highs on lighter volume than yesterday...both bearish signs, imho. We shall see tomorrow. I hope volume is higher and it breaks resistance and flies.
Today's volume was lower than yesterday's volume, and CERP closed well off the highs...and even almost went red late in the day. That tells me that demand between .041-.048 is low. You want to see increasing volume with increasing price.
OK, maybe not 40-50M volume, but I think at least 25-30M volume is going to be necessary in order to break that resistance and go higher. CERP wasn't really very liquid today. At times the spread was pretty bad (5% or more). I guarantee that there are many, many traders just sitting and waiting for CERP to break above that .048-.049 resistance to take a position. Buying at support can be kinda risky if you're trying to buy over .03. I'd much rather buy a high volume breakout than try and catch a falling knife.
In at $1 for a bounce today. FREE looks way oversold and due for a bounce!