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Why do you believe we would have to wait all summer if it doesn't pop in May?
I have never seen one single movie where someone stabs a person and blames it on a mosquito. :)
It's finally starting to click now. We're not sitting tight waiting for the process to start. The process has already started and is well beyond the go/no-go point.
It's slowly starting to make sense for me. A massive increase in buying pressure will set this rocket off. So many orders will be coming in that they will have to be filled using different MM's, MM's who have no naked short interest in the stock and thus no incentive to keep the PPS down. They will jump over the usual suspects on L2 and the PPS will skyrocket. The usual suspects will have no choice at this point but to keep up, further driving the momentum upwards at a ludicrous speed. Meanwhile, although there will be selling as it goes up, there will be people buying in to ride the wave, which will negate any selling effects. All the while, the volume is acting like a solid state rocket fuel that can't be turned off until it is completely done burning.
We aren't waiting for the MM's to "give up." They don't have that kind of control. They are just trying to knock this down as low as possible and hope that when the rocket is lit, it will shaves some pennies off the peak PPS.
"The ultimate short squeeze occurs when some savy investor manages to corner the market in that security making it impossible to cover the short position. Short sellers can take unlimited losses, because theoretically the market value of the stock becomes infinite. Stories are told of famous investors who managed to corner various markets from time to time. The risk of this development is not very high in modern times, but shorts should not sleep too soundly."
The Den is savvy!
As long as the price stays down in this range, the buying pressure is not going to relent. People are making money at work or daytrading and they just keep adding the money to their positions in CDIV. On the other hand, if they raise the price, it might slow those who are adding but it will attract other investors. They (the MMs) have a very tough decision to make on how to handle this going forward, and it feels as though they will be making that decision soon.
Yes, your wording makes more sense. However, I have a hard time believing there isn't buying pressure going on right now. Maybe not as much as there was a few months ago, but there must be more than they are trying to portray. I also wonder what it signifies when I hear that orders are being cancelled by their brokers. Whatever stage this is in, it's been going on for a month now.
Since April 19, volume has been consistently lower than any other period in the past year. They have been holding back the buying for a month now.
I actually had no intention of buying more shares of this stock for quite a while. Then it dipped under 0.30 and I couldn't help myself. If the MM's intention is to entice me into buying more shares at bargain prices, it worked. :)
I sort of suspected this would slowly walk down. There are only 3 market makers interested in this stock: ETMM, NITE, and HDSN. Without competition from more MM's, they have an obscene amount of control. Until some more activity and more MM's are involved, the roller coaster is going to continue.
Not that we aren't used to that, but I thought I'd share a bit of what I learned about MM's over the past 8 months.
One in a million, perhaps less.
Hmm...it's a political move and not because someone fundamentally believes short-selling is wrong.
It is safe because each one cancels the other out. You just have to be doing an even number of things.
What would be the incentive to buy back shares? To eventually go private? They only have about 19 million or so in the float so it isn't like dilution is an issue. I do think getting more products, hiring an accounting firm, and uplisting are in the future. If not, then we are heading nowhere. But that's not the case.
I am using the iHub service. It was really odd. I definitely saw it and it sat like that for most of the day. Yet orders were filling below both. I guess I should never be surprised by anything I see in MM land.
How does the bid sit at $1.20, the ask at $1.12, and the price at $1.10? Something is all fouled up over in MM land.
They can just cancel orders? Do they give an explanation why? That would warrant a call to the broker.
The bid is $1.20, the ask is $1.14. Weird.
If nobody is selling the stock, then nobody would be able to buy, not considering naked short shares. So if the volume is this low and we have buy orders lined up, can I make the assumption that they are not creating air shares today?
Those were theoretical situations with one or multiple products. That's all it was. To think that they are hanging their hat on the Ultimate Squeegee is ridiculous. It's a fancier squeegee and nothing more than that for retail. However, from an operations standpoint, it is much much more. It is to develop a start to finish process of choosing a product, making the commercial, creating a call center, creating a fulfillment process, determining the best air times and channels, generating revenue to fund other products.
There will be much better products down the road. If you truly believe that the Ultimate Squeegee is supposed to be their best product, then you should have sold your shares a while ago.
The company is The Tradeshow Marketing Company, not The Tradeshow Squeegee Company.
Doesn't matter one bit. TSHO is not the Ultimate Squeegee. The Ultimate Squeegee is the test product for them to hone their campaign strategy and operations. They are a marketing and sales company. It is simply the first of many products they will be selling.
Often, the sign of a good market is that there is worthy competition. However, by my logic defined above, it still doesn't matter at all for TSHO right now.
I looked at this one a while ago. I think the biggest question with them was how exactly they were going to make any substantial revenue. They could probably sustain operations just fine with their current business, but didn't have a strong plan for a long-term direction.
Last thing I saw was they were a company dealing with aircraft, yet they were getting into the land mine removal business. Smart financial pivot or lack of direction?
That accum/dist line is making a pretty sharp curve upwards :)
Aside from the FLD's, is there anything else that's catching anyone's eye? My favorite penny land stock, as always, is TSHO, but I think it will be about three months before we see a major upwards movement of the stock. That doesn't take into account any potential manipulation. I am looking at any others people might suggest.
Wow, very cool. My friend lives in Boulder and I spent a couple days there. Went out to the CU campus for a night which was a lot of fun. I'm actually heading out to Steamboat Springs this summer for work and will be stopping in Boulder and Ft. Collins again.
Wow! What part of CO are you in? Also, with the resorts closed, do you skin yours skis and hike up?
For those of you looking for a mobile trading station, you ought to look at this beast of a laptop:
http://shop.lenovo.com/SEUILibrary/controller/e/web/LenovoPortal/en_US/catalog.workflow:category.details?current-catalog-id=12F0696583E04D86B9B79B0FEC01C087¤t-category-id=3B10ECA8EB78454180D484668504D02E
It has a 17" screen plus a second pull-out screen to the right, full number pad, and power. I think it can also take a Verizon or AT&T internal card for cellular data service. Not cheap or light, but it might be a great way to trade and travel at the same time.
It's pretty amazing. It's so small and the downtown are is real nice. Lot's of tree skiing there. As I was leaving I stopped in Boulder, Denver, and Ft. Collins as well, but none were as nice as Steamboat Springs. If all goes well, I intend to spend most of my winters in CO from now on. I had no idea that state was so nice.
I spent the entire winter in Steamboat Springs this year. First time ever snowboarding, let alone for three months. It was incredible.
I'm assuming that's a good sign. People holding on tight. For whatever reason they dropped the bid on it, but if everyone is buying at the ask, it doesn't matter.
If people here are trying to buy, it looks like no one is selling.
Do the fireworks start in 15 minutes? :)
Pretty easy to disseminate that rumor really. It's all about the share count, not the chart. No squeeze as long as we own the shares.
I didn't even think about the 60% shorts. Today was a pretty significant moral victory. It wasn't last second slap to change the price either. The PPS had been powering back up all afternoon.
Even if we don't close that high, who cares. We're talking the difference of pennies right now.
From the quarterly report:
PV Solar Electricity
According to a report released in July, 2009, by IntertechPira, a market research firm in the UK, the global photovoltaic (PV) market is expected to double within the next five years, reaching US$48 billion by 2014. Wafer-based silicon will continue as the dominant technology, but amorphous thin-film and cadmium telluride (CdTe) technologies will gain ground, and are expected to account for a combined 22% of the market by 2014.
Wind Power
There is huge and growing global demand for emissions-free wind power, which can be installed quickly, virtually everywhere in the world. Wind energy has grown into an important player in the world’s energy markets, with the 2008 market for turbine installations worth about $56.5 billion. Over the past ten years, global wind power capacity has continued to grow at an average cumulative rate of over 30%, and 2008 was another record year with more than 27 GW of new installations, bringing the total up to over 120 GW. The United States passed Germany to become the number one market in wind power, and China’s total capacity doubled for the fourth year in a row.
The PPS changes are also playing on a psychological factor that traders have when something goes from one range to another, because we always calculate in ranges. I.E. 0.40s-0.30s, or 0.90-1.00s. The penny difference between 0.39 and 0.40 is no different than a penny difference between 0.47 and 0.48, yet it weighs heavier on the mind for completely arbitrary reasons.
So no one should think about 0.39 or 0.49 or 0.99, etc., because they are a penny with no more significance than any other one.
Unless you are SIRI, in which case, 0.99 can cause a delisting :)
Yeah, the volume was still low overall. I will keep my eye on it and see what it does as things go forward. I don't know if it even signifies anything. If it does, then I'm not experienced enough to know what it is. I think it mostly means that the sharks are nearby but not attacking. At some point TSHO will be strong enough to withstand major manipulation.
I don't really know to be honest. I don't think short-sellers really look at fundamentals like that very much. They see trends and characteristics and then go after those stocks which best match a profile.
I believe that our rapid rise to the $1.60s and then the subsequent fall all had to do with short-selling. Yesterday probably means nothing except that there are short-sellers still hanging around with interest.