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Not too shabby today. A definite uptrend is developing in the daily and weekly charts. I'm not a great 'chartologist' but, it's pretty plain to see. I am going to have to disagree with 'futures' though on retesting the bottom at .026. The reason I believe that we won't see that happen is because the pps started a backslide after the dilution of shares...therefore I believe that the bottom of .026 was artificially induced and not a true barometer of SSPE's performance. Those are two dots that can be definitively be connected. The dilution and .026 pps directly correspond with eachother. Do we all agree on that? I am not at all taking anything away from 'futures', I think his analysis thus far has been just short of brilliant and fundamentally very sound. It's just something that kind of hit me today. I have come to believe that part of the purpose of this board is to share information and find different perspectives, that's all I'm doing is throwing another perspective out there. I would love your feedback. Another thing that hit me today is the way the pps has methodically opened at one level higher than the previous day. Not perfectly but, close enough. Therefore I believe that tomorrow we will see an open of .033 and friday an open of .034. What happens after friday's open is anyone's guess. That's just my belief and it is purely speculation based on what I have seen so far in the last 5 days. I have also noticed how NITE seems to hop in and undercut the ask everytime things start to heat up. There is a reason for this also...we can speculate until we are blue in the face, but, we really can't know, although, we are all pretty much in agreement that he is holding out on covering his naked shorts until the last possible moment. This will become harder and harder to do for NITE IMO..I haven't seen the MM's jump around and readjust their positions like they did today in quite sometime. That tells me something is up and I believe that 'something' is the pps..going up! One thing I liked and that made me feel better is the way the MM's (other than NITE) would reposition on the ask fairly higher than they were previously before filling their bid orders. As far as MM's go...watch NITE and especially watch TEJS..I still think TEJS is the TRUE hammer on this one. When TEJS filled his bid at .028 the other day he retreated right back to his original ask of 2.00. 2.00 pps is going to be the TRUE ceiling in the midterm. JMO. Another thing that hit me today is, are we placing too much emphasis on this weekend's event? Is it a benchmark? Yes. Is it the beginning and the end of this stock and the company? No. Can the last spike to .35 be attributed directly to AOW II? No. Is it possible? entirely. We have no true way of knowing. As I posted previously...this stock is in it's infancy, until it get's at least a year under it's belt we really will have no true history and defined benchmarks. The reason I make this point is I don't want any of us to become discouraged should it not blast off to the moon next week. We have no real knowledge of the company's future plans and what impact those plans will have on the pps. That's why my mindset is unchanged. As I posted earlier, even if I have to wait several months for the payoff I am expecting...it's a drop in the bucket when compared to the bigger picture. This is a great company with a great product to offer. Keep the faith and buy the shares of the weak hands....speaking of weak hands..'fine' why in the world would you buy at .21 and hold till the current pps if you had no intention of averaging down? Remember the golden rule of investing...'limit your losses' I wish you would have come to us for help sooner. And I apologize for some of the things that may have been posted to you today but, don't come on this board and bash this stock. It's the equivalent of breaking down in a bad neighborhood. You are dealing with hardcore SSPE shareholders and IMO visionary investors. I've only been here a few weeks and I've figured that out. Good luck to you and I reeeally hope you didn't sell today. A month from now you will deeply regret it. Looking forward to another day tomorrow and I can't wait to see NITE scramble for the door! Good luck you guys.
-Dave-
Thanks for the answer...that's kind of what I thought. What was strange to me was that it happened twice today and each time it did the pps went lower.
I don't think you were overly excited..why wouldn't you be? If it caused a stir last time chances are good that it would cause a stir this time as well. My personal opinion is that the 'A List' celebrities etc. are being brought in as potential investors. Think about it, these people I am sure all have professional brokers at their disposal. What a better way to get large investment firms to start covering this stock. I don't know about you but, if my movie star client who has millions invested with my firm tells me "I want SSPE stock" I'm gonna find a way to get it, whether my firm trades "penny stocks" or not. Once major investment companies become interested in this stock you will see some explosive growth. I don't know if the SSPE team has thought of this but, if I were them I would treat them all like kings and queens, give them a great show, and shove a prospectus in their hands on their way out of town. You have to remember for them to buy several million shares a piece at the current pps is nothing to these people. Their buying power will move this stock higher exponentially. This is a great company with a great product and we are in at the bottom, I believe that the majority of the 'A List' will recognize this and want in also. Over all I'm pretty happy with today's performance at least until it began being manipulated again towards close. I love the company but hate the MM's. I'm really getting tired of them. It just seems to me that they would want to let the stock run rather than holding it down. Unless, there is some seeeeeerious naked shorting going on. They can only keep it down for so long though. IMO the buying pressure will increase and become to great to hold back. This is gonna be a good week with more to come in the future.
-Dave-
can anyone explain the double 238 share lots 1 @.0306 and 1 @.03 it happened earlier today but the lot sizes were 138 shares..what's that all about?
I hate it when NITE gets on the top bid and ask at the same time!
Fin, Please don't tease us like that, hahaha...can you give us a hint? Or at least point us in the direction where we can find the information ourselves if you are unable to outright say what the information is. In any case, I believe you...that's sticking your neck out pretty far for nothing to happen. We'll see.
I think thats an understatement! I dont think I've ever seen volume this low and I really don't think that it will be this low until the event. Something is afoot and I believe this afternoon could hold a few surprises...calm before the storm??
I was just thinking the same thing...we need a higher than open close today baaaaad IMO
I've thought about that too and they probably will. They will only be able to do it though until the buying pressure from new investors begins to squeeze them to cover their naked shorts. As the brand gains more exposure and a larger following that pressure should start to increase. I just wish SSPE would start pushing their symbol a little harder and market the investment as a ground floor opportunity. If it was me I would put the SSPE ticker and investment info on every program, ticket, drink cup, etc. With every event you would gain more and more individual investors which, in turn would start cranking up that buying pressure and squeeze the MM's out of the game...or at least force them to play by the rules. I think that's all anyone here is asking for anyway. I hope we all have a good day today..all I want is a close higher than the open. That's not too much to ask is it?? Hahaha!! GLTA
-Dave-
.026...wow..I definitely thought that we would see some upward moves today..however slight. Personally I think that's gonna end up being late next week. I am extreeeemely unhappy but, not nervous. I am not nervous because I think we all know what is going on here and it will take a little time to play out and regain some momentum. I have to second what 'futures' said, we've done our DD and everything with the company is still intact. Not one negative piece of news has come out about this company since I started following it, NOT ONE PIECE. We just have to go into bunker mode and ride this one out. This too will pass. Therefore, I am still very long...I've waited for payoffs before on other stocks and banked some big ones, on the other hand I've gotten impatient and lost some big opportunities..this one will be different. I'm a little more experienced and a little wiser and in a little better financial situation. IMO this stock is just now getting it's feet under it. We need to keep it in perspective..this is a BRAND NEW company with an excellent product and a very, very, focused team in place to make their product the best of the best. Who wouldn't want to be where we are sitting right now?? Be forward thinking and stay focused, this pain is temporary. I am still behind this company and their stock and I haven't sold one share and I don't plan on it anytime soon. JMO GLTA
-Dave-
Findawg, thanks for stopping by. I've enjoyed reading your posts on traders lounge...thanks for the compliments and credit on my posts over there. Anyway, I agree with you in every way. It would be extremely boneheaded to sell right now. I don't think any of us can form an educated opinion on this stock right now due to it's relative newness in the market. Simply, there isn't much historical performance to follow on this stock. Honestly, I'm not even banking that big on this upcoming event..my time window on this stock is 6-18mos. If SSPE pops in the coming weeks will I scale some off and take some profits? Of course I will..I learned long ago not to look a gift horse in the mouth...but, the majority of my position will remain on the table for future gains which, I believe will be rather large. I worked in a corporate environment for 10yrs in a very dynamic company before becoming a cop. One of the driving forces of our company's success was the focus on being successful and being the best at what we did. This company drips with 'focus' and it jumped out at me from almost the get-go. They are 'focused' on being the best in their profession. If their stock isn't destroyed by the market manipulators on the pinkies I fully believe they can be the best. That's why I believe it's imperitive that they list on a major exchange in the very near future. Full transparency will be to their benifit and ours. I'm very very long on this and the last few days have definitely been painful but, because I am rather sure of the reasons for the price drops I'm not too worried. The company is not damaged..just the stock. JMO/GLTA
-Dave-
Also, I think it's important to remember that last time we were in the .03 range we ramped up to .135 within 3 days of dropping to .031, then sagged again before the last event...IMO looks like it's setting up to do that again.
Lots of MM's stacked up at .03 on the ask...is this good, bad, or does it mean nothing? I know when I work my listed stocks when there are more sellers than buyers inside the market it's not a very good thing...didn't know if it's any different with a pinkie. Any help would be appreciated.
-Dave-
I think TEJS is off the bid because they got all they wanted..to see them sit on the bid at .038 for weeks and then disappear altogether after they were filled is reassuring to me being that they stayed at their 2.00 ask price after they were filled. I still think they know something that we don't. And yes NITE acted very strangely today, and that makes sense that they are covered now. Could we possibly see a little breathing room now? Personally I thought today was a pretty strong close in comparison to the last several days.
I added 75k today...I'm not selling anything! Tryin' for a million shares by 9/1 as long as the price stays right.
IMO I believe at this point, the company may not have much control over the PPS...From what I can tell I believe the radio adds value by increasing the overall experience of the live event..i.e. 'surround sound' of the event while you watch it in the arena. IMO that's pretty powerful..I don't know of any others that are doing that. SUN is attractive to investors, if you have followed the company for any length of time you would find that SUN is building their company and product block by block and piece by piece and, that whatever spare capital they have is being re-invested directly into the company. That in itself is attractive to speculative investors. Rather than concentrating on profit margins and lining their pockets, SUN is obviously growing and nurturing their product in order to provide the best MMA event out there. I don't have a problem with that. It's not like the SUN mgt. team is splitting up their money, locking their doors and laughing all the way to the bank, ya know? Once the company gets a few events under their belt and the 'art of war' brand gains exposure, then we will all get a better grasp of what it's true value is and I believe the value will be there. You must remember, SUN as we know it is only several months old...I know when I was several months old I was barely walking and far from 'running'. I may at some point be eating crow but, I doubt it. JMHO. Buy if you want or sell if you want. I know what I'm doing.
-Dave-
I didn't think that pinkies could be shorted..unless they're naked shorting...we could screw them all up and ask for our stock certificates! Hahaha
10k filled at .032 10k at .03 GTC...I told u I'm not selling today!!
"The transaction was completed through a tax-free exchange of stock". Could that explain some of the share dilution over the last couple of weeks?? Hmmmmmm.......In any case it's good news, now let's see what it brings to the day..I'm in for 50k today if the price is right. I want to see a climb back to .04-.045 today...looking at SSPE's past performance after dips I believe that is entirely possible if not higher. GLTA
I now know how they felt at the Alamo! When you are in as heavy as I am (850k at .038) all you can do is stand your ground and take the pain. And today was definitely painful. But, what kept me grounded was the knowledge that I AM sitting on a true winner and regardless of how painful today was I am much safer sitting on this stock than on anything trading on the NYSE or NASDAQ right now...I don't care what the market high was today..it was artificially induced..the pain isn't over there either IMO. So what if they dumped 30-36 million(or whatever it was)shares into the market this week....the money will enable SSPE to pull off a top notch event and to grow the company, which, will increase the value of the company and in turn increase the value of the share prices. That puts money in my pocket. So what if I have to wait even a few months for the kind of return I'm betting on..I won't have to trade again all year long!Like I said earlier today..the fundamentals are the same if not better than ever. We are all here because we know what we have..we have a winner, don't bash the stock because it's having a bad day, I'm as frustrated as anyone right now...we all know it is being manipulated in order for others to make alot of money..when they make theirs we will make ours. Personally, I was glad to see some volatility, I was getting rather tired of the same old .039-.04,.041,.043 every friggin' day! Volatility equals interest and price movement..more often than not it is usually to the upside. I don't think this will be any different. I can't wait till monday to trade some more SSPE..and I can promise you I won't be on the sell side! "Fortune favors the bold!!" GLTA and keep the faith guys. Just my opinion.
-Dave-
Blood in the water!!
Remember the last low at .031 on 4/23...this stock opened at .05 that day had a low of .031 then closed at .04..the next day it closed at it's high of .05 and then continued to ramp up from there preceding the event on 5/11. Being that none of the fundamentals have changed, (other than the share dilution)actually the fundamentals have improved since the last event..I have no reason to believe that it won't do the same thing this time. I'm viewing all this as a combination of a shakeout, share dilution, and a set up to a better position for the long term. The sharks will show up soon and we will benifit from them. That's just my opininon.
Here comes the pain guys....try not to turn your knuckles too white and stock up on the pepto! BTW..How can u tell if it is a buy or a sale...all I get on my Level II is a zero plus tick..I just bought and it didn't indicate what the trade was one way or the other. GLTA
I put in a buy order for 10k at .032..only got filled on 7k and they jacked the ask up to .033. Put in another buy for 10k and got filled all the way at .032 then it dropped to .031..can someone explain that for me. I am fairly good at reading into a Level II but this is really puzzling me. What's going on here?
This thing will hit .03 today. Look at the bids stacked up at that level, it's the beginning of a feeding frenzy. IMO after those bids are filled we should start seeing some movement to the upside. I'm still sticking by my prediction that after this dip it will spike...dip again and then ramp up after the event. Of course I was dead wrong on my bottom call, (.038) baaad dead wrong :) Anyway, I'm sitting tight and taking the pain. The fundamentals of the company have not changed..so I'm ok with all this..picked up 250k at .035 yesterday..should've waited till today I guess.
Buy people buy!! Down with the MM's!:)We all know what's going on with this, take advantage of it! added 150k today and plan on more...don't think this opportunity will come around again. We're almost there!The way I look at it is that there is NOTHING in the market right now that I would touch with a 10 foot pole. So, I might as well put my money on something that has a better than good chance of an outstanding return.
Me personally? I'm pretty skeptical of this little pop...looks to me they are trying to draw sellers in..It's not gonna be me, this is nowhere near my sell point. I'm sittin' on 500k w/cost average of .041. I can wait till H*** freezes over.As I said earlier I am definitely very long on this one!
Buying before the open!! Also, interestingly enough the buy was at .043..above NITE's .042 which is sitting at the top of the ask. I have been in since march and can't remember seeing this setup...what's going on?
U didn't...tomorrow should be reeeeally interesting dont you think? Thx for the link on LII's...most helpful info I've read to date. So what happens now? Does NITE run it up after buying on the bid for the last few sessions or do they keep it down? or even meet the TEJS bid?
TEJS is on the ask side at $2.00...I posted on that the other day (#184). Check it out if you haven't already and tell me what you think. In any case you are right..for whatever reason this stock is definitely being manipulated and held down. That's ok though, I'm in for the long haul too. It'll run before long. BTW..what is S-8 selling?
Hahaha!! If indeed it was you...go on with your bad self!! Good job.
I may be off the mark but, the lot that was traded at close is extremely close to the lot that was traded at close yesterday, therefore, I am assuming that both trades were put on by the same person/MM etc. I'm a cop and in 14yrs I have learned that coincidences rarely occur and if it doesnt make sense well, it doesnt make sense. This one has my 'spidey senses' going bonkers...a sale at the same price it was bought for doesnt make much sense. Someone help me figure this one out. I do believe that we are in the home stretch though!
334,300 after close?? Can u tell on Level II if it is a buy or sale? Something is going on here folks but, I think it's a positive. Any thoughts?
Ok...who scooped up the 375k?? That is the biggest block I think I have ever seen since I've followed SSPE. Im in for another 50k tomorrow, brings me to 450k shares...someone knows something I don't and I plan on taking full adantage of their knowledge!! Haha!! GLTA..it won't be long folks!
I'm pretty sure they are raising capital for the event..that's one of the cornerstones of my theory...I think you will see a pretty good spike just prior to the event,(for capital) another dip, and then a steady ramp up after the event..I'm really looking forward to this one...I love speccin' on companies and this one has potential like I've never seen. By the way, what are 'convertible debentures'?
Hey bizzle, and all the other SSPE nuts like me...I've been a sspe shareholder since april '07, and camping on about 400k shares right now. I plan on adding another 100k if it stays around .04ps. You are right on the money...the two press releases that came out this week should have pushed it up at least a little and it didn't, actually it went down just a little if I'm not mistaken. What interested me is that out of all of the press releases they've had those two actually had $$$ attatched to them..doesn't make sense, which tells me something is going on..in a positive way! Someone is trying to scoop up a bunch and quickly..keep your eye on MM "TEJS"...on the level II they are on the buy side at .038 and also on the sell side at $2.00..they are based in Austin TX which is pretty close to SSPE HQ...in one of the interviews I listened to it said that SSPE was formed by using venture capital and an anonymous investment company (TEJS)..my point is I think the bottom is .038 and when it hits that it will ramp up from there. Does anyone else have anything to add to this theory or am I seeing more than what is really there? Good luck all.