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Sputnik, you say MM's don't short sub penny stocks,OK. It makes even less sense that Hemi would be diluting their stock at sub penny when we know they have the funds to operate the company at this time. Sorry, but the dilution theory just doesn't hold water.It has been stated by Hemi management that they wished they hadn't gone public, so for Hemi to sell shares at sub penny would be like them giving the company away, no, I can't believe they would do that. If the o/s has remained unchanged what puzzles me is why haven't they posted it, I think that is the question that needs to be answered.
Every time that I held a stock that had a reverse split I lost money, why do you think this one will be any different?
REAZO, People come to the board and say the A/H sells are the company diluting ,selling shares, how do they explain the large after hour buying?? With the buying volume what it was today why did't we move back-up to.009?? Your right tho, nothing makes sense. Hemi needs to address these problems. If nothing else they need to give the current O/S.
What interest me is the large A/H BUYS NOT SELLS LATELY.
Can you say PUMP & DUMP
EXCELLENT ARTICLE FOR WHOLE BOARD;
More and more investors are winning the game
nowadays despite all bashers that float through the
Internet that has become part of the game. Floor
traders of market makers often watch CNBC, news
wires and bulletin boards in order to follow the
market during trading session. OTC BB market makers
(MMs) don't use fundamental and technical analysis.
However, what they do realize is a lot of dumb
money does use this newest niche charting or TA
(Technical Analysis) to run a stock either up or
down. To the MMs this is like taking candy from a
baby. Simply they will paint the tape and use
whatever tactic to affect the charting bands. Thus
the public and dumb money they will have eating out
of their hands. Effectively the MMs can show a
strong stock growing weak by manipulating the close
price in order to generate selling volume, delaying
trading time to manipulate trading activities, or
even stalling the ask without honoring orders to
hold a stock price.
MMs follow a simple code of business when making a
market in a stock especially an OTC BB / PS. That is the
level that stocks will seek that yields the most
volume. Now this is very important because they
make money on the volume buying at the bid and
selling at the ask. In other words, by making the
market they are buying low and selling high. Now
smart money adheres to that rule, so do all the
market makers. They could careless whether the
stock is at $22 or at $0.0002. All they care about
is the action thus being able to sell stock at the
offer (The high) and buy stock at the bid (The
low). To increase their profitability, they make
the spread as great as possible on as many shares
as they can especially if the volume falls off.
When they have mostly all "buy" orders, that's not
the price that's going to yield the most volume.
They need both buy and sells to get the maximum
action. Remember, MMs play the volume. If the
volume decreases and there are mostly Buys that
become a one way volume, Buy volume. So what they
do is let the stock run up to a price where it runs
out of steam. They fill all the buy orders there
that they can and then comes the pullback one way
or another naturally or induced. During the pull
back they can buy tons of shares and flip them to
those averaging down or trying to catch the bounce.
At some price, the stock will be relatively stable
and yield the most volume. Now that is the average
price you will see
The average price is the point where a stock seeks
a level where MMs can profit on the most volume.
So during the day that is the price that MMs and
momentum/day traders want to see the stock at. Why?
Because they know the public and dumb money was
chasing the price thing up. Most of the time, the
MMs love a flurry of Market Orders which is a dead
sign of an artificial run or momentum. Merely it
is money in the bank for them. Most get hung in a
momentum or day trade or by the tactics of Market
makers, who are in the business to screw the public
every chance they get. They are merely making the
market liquid is their reasoning.
The market makers have created an added
complication to the OTCBB's /PS chaos of the already
volatile intra-day price movements created by dumb
money, momentum and day-traders. MMs can not relate
to long-term holders in the OTC BB / PS. That makes
absolutely no sense what so ever. They feel a large
percentage of trades in the OTC BB / PS market consist
of short-term or day-trades, MMs merely view the
barrage of buy and sell orders as relatively
neutral to the market. How they figure it is when
the average dumb money buys shares in a company,
the MMs feel or rather know with some certainty it
is very likely that dumb money will want to sell
back those shares relatively quick on the slightest
drop.
Now somewhat comfortable with this logic the MMs
merely short sells into the buying and attempts to
take the stock down in an effort to "shake out" the
weak. Since it is tough to know for sure whether a
move is the beginning of a trend, or a routine
shake out, this type of deception works quite well
for the MMs. What the long-termers do to a stock
is surprise the MMs because instead of falling, the
shorting has no effect and the price goes up. Now
that puts the MM at selling low through shorting
and thus having to buy high in order to cover.
Boy, when this happens, the MMs are not very happy
campers. The investors and traders aren't supposed to
be doing that to them. Now it becomes time to pull
out every trick and tactic in the book in order to
attempt to get a Bear Raid at every dollar/cent mark or
percent from where the stock started. Could be a
fraction of a penny in smaller priced securities.
What MMs do is give you a chance to make a small amount
of money for your momentum and day trading style by
shorting it at these levels and trying to get a bear raid
each time. Each failure is compounding the MMs
short position so they let it go to the next level.
Now come more deliberate tactics MMs use to coerce
Bear Raid or panic selling.
Once the MM is caught short and the strength of the
buy is overpowering the MM will want to cover his
short position. So the MMs call up one of his
friendly MMs and says some like "the weather is
sure rough today." The MM along with the other
"friendly MM initiates a down tick about the same
time. Now this can also be done with a certain
amount of shares such as an infamous 100 shares
flag. This down tick gives the illusion of weakness
designed to hopefully begin the bear raid of
selling. The fickle, fearful, day trader, momentum
and short term begin to sell out allowing the MM
to cover his short position at lower prices. They
will move it down quickly to get it to a price of
least financial damage. Problem they have is
long-term investors in the OTC BB / PS. They start
accumulating and buying comes flying in when they
take it too far thus the MMs took it to the point
of volume again and not only investors the other
MMs step in the make money on the spread.
Alas the poor MM does not get to cover. Now comes
various tactics like stalling, boxing, or even
locking the Bid and Ask for a while.
Of course, MMs aggressively deny any sort of
collusion designed to fix quotes or spreads.
MMs have a vast resource of tactics and it would
take probably more than a lifetime to figure them
all out.
So how do investors somehow manage to overcome the
obvious deception in OTCBB arena? One answer is
indirection trading style by going long which the
MMs do not expect. In the war between investors and
public companies on the OTC BB / PS vs the MMs, if the
MMs have all the advantages due to position or
other factors, direct confrontation such as
momentum or day trading hitting the stock is a
definite death sentence.
However, an indirect approach tends to weaken the
path of least resistance before slowly overcoming
it. The most effective way is long-term investors
slowly accumulating and holding thus drawing the
MMs out of its defenses making them as naked as
their short position. This is war so this slow
accumulation and holding for the long term easily
achieves the desired effect to force MMs to cover
and knock off the tactics or bury themselves
deeper.
The MMs when caught will especially use every trick
and tactic in the book to get a Bear Raid thus
playing on the individual fear of most people. The
MMs feel they have information and position
advantages over the investors as long as the
holding of the stock is in weak hands or short term
holders. Since they are OTC BB MMs who believe all
OTCBB companies are not worth investing and
management is ineffective regardless what is
happening within the company. Furthermore, MMs know
they are in the position to impose a great deal of
influence in OTC BB stocks trading when it suits
their needs.
This inherent power of position enables the MMs to
move the markets at any time up or down. As a
result, the only way to draw them out of their
favorable position is going long. Now this does not
mean just any company but to effectively nail the
MMs, Longs must find the great company on the floor
and accumulate long before the MM tactics and games
begin.
Today, our corporate structure is approximately 1,968,387 shares issued and outstanding and approximately 400,000 in the public float.
Perhaps some one could explain the trading action today to me. We have sell volume at 960,000, buys at 115,000, but the sp goes from .008 to .009. Now I know I'm not the sharpest knife in the draw but none of this makes any sense to me , please explain if you have the time to reply.
I see by your posting CGRenk is the alias you use when posting on this board and Hemi, what are your many other alases? Your a smart guy but not that smart, you have an agenda here and it is plain to see. Oil is down, Larry is using good business sense to cut back until the prices rise but ofcourse you know that.
Reazo, that was an excellent summary on Hemi and I agree with all that was said. This will probably be my last post here on this board. I am not a well spoken person and many of my posts get deleted anyway, so as long as people like yourself, Big Mur, Kels,and zguy are here to defend Hemi from unwarranted attacks I will just read the board. GLTA
You have your opinions and I have mine.
I got the response from you that I expected. Being a good CEO is a learning experience,he has made mistakes,but what CEO hasn't. My point is that he learned from his past mistakes. Hemi is a small O&G start-up company, there will be disappointments, they are to be expected. I believe the fundamentals of Hemi from all that I have been able to gather over the last couple of years tell me this is one company that I want to be invested in. You don't have the stomach to be able to hold this stock, I understand, most don't. Again, I believe the fundamentals are sound, progress is moving forward, for those that have the patience. Good luck in your investing.
Lazyeye, I have read thru many of Keith's postings of the past and I am very impressed by the intelligence of our CEO. Kels is right when he says that we need to be concerned about the present day Hemi and all that is happening. I am greatful for you showing me the postings for now I have an increased respect for the man at the helm of Hemi.
And just where do you find lease 2000 posts made by the CEO OF Hemi??
300000 at .009, yes a very good day indeed, last trade has not shown up yet.
I do believe there are probably about 30 people here that own most of the float and if we can hang tight til late Spring we well be rewarded. imo
200,000 at .009, not bad, fire sale. Maybe we can keep Hemi positive for the new year.
Ok, so what's your point? There are a lot of other small O&G companies that could go out of business before Hemi does and what do you think that is going to do for the price of oil? It may take awhile but all that is going on now will just make oil MORE expensive in the future when there are less companies producing. All Hemi has to do is stay debt free and wait until that day comes and I believe they are in a position to do just that. Good luck in all your investing as I know you are wishing all the best of luck for the people that have invested in Hemi.
I doubt coming out with any news during the current market conditions and oil at $45 would do little to help the share price. If I were Keith I'd hold all news until this Spring after the well was completed and the reserves report was ready to give to the shareholders. Hemi doesn't care what the sp is right now, their not selling shares imo at this level, so let the flippers complain all they want. Hemi has plenty of money til this summer and just maybe the insurance check might come thru. Thats the nice thing about Hemi, they have a lot of irons in the fire and the business plan is coming along just like clockwork. GLTA
We have one trade at 5000 share buy and the share price drops to .01 . Nothing makes any sense when it comes to the trading in Hemi.
Jagman, I also have been " out of the markets" and in cash since last year in the overall markets, however, like all gamblers I enjoy a little risk. You may not agree with the risk reward in Hemi, your opinion. The only problem I have with investing in energy companies at this time is I believe the dollar will grow stronger from here. With all that is going on with Hemi and at the current share price this is a buy imo.
It appears yesterday we had 328000 at the ask than A/H about 195000. We never moved up with all those buys at the ask. MM's want to keep this down.
Kels, thanks for the post, again Keith is following thru with what he has pr'ed.
Even at the ask they will not give you all the shares you want.
I'm with you there, expecting them to put the Web Site back up next year and put out more prs like last year, there might be a good trade at that time.GLTA
Pizza, I mean Goldbuster1, is one of us ever going to find a good solid investment to get into? I think ALRY will come alive,but this one is going to take awhile. Hey, what do you think oil was up big today, is it about to make it's big come-back soon?
Pizza, you know me, I'm always sneak'en around.
I see you make your rounds to make people feel good about their investments. The money I have in penny stocks is play money and yes most are down for now, oh well. A person likes to be a winner even if they don't really need the money, like myself, but you know that don't you, that is why you enjoy going from board to board where the stock is down to let the good hard working people that are only trying to make a few extra bucks know what a bad investment they made. Your the kind of guy that most people hope their kids never grow-up to be like.
The last few months in the markets have been all bad news, nothing has gone my way and I'm sure I'm not alone. I just want to thank Kels for sharing this DD with us because it is like a breath of fresh air. We all know what they say about hanging-on to a penny stock long term, the percentages are not good, but I believe that Keith's business plan for Hemi will succeed. A lot has gone against most all O&G companies lately but imo Keith has positioned Hemi to ride out these hard times.
Oh how nice, great DD Kels. The future for NG is looking good from what I read.
I'm going to put Allenergy and my other energy stocks on the back -burner and forget about them for awhile. No reason to get up-set about what I can't control and do something stupid like sell them for a loss. They will be back but not for awhile.
My read is it is at .007 , everything is down in the markets, come back in 6 months and take another look.
I reread zguys post of the day in the ibox, some very good points were brought up about Hemi and I agree with all of them. I still feel I have a good investment with Hemi and will continue to hold all my shares.
I like the chart Kels, looks to me like if we have a good Monday we could breakout and go higher. You see all I have to do is leave for a few days and everything gets better, somebody will probably ask me to take a long vacation.
I'll second the sour grapes comment. Won't be around this coming week, got to drive up north of here to help my 86 year old father -in-law catch up on some work around his place, I know it will be tough but you will just have to manage without me.lol I am`expecting a pr this week and maybe Keith can clear-up a few details for us poor suffering shareholders.GLTA
How much of a share purchase do you think it would take to get rid of the naked shorting in Hemi? Keep in mind that MM's are not willing to give you all the shares you want at the bid. Tryed that a couple of times, doesn't work. They just give you a few shares and move the bid up. I do believe they would give you a few shares at each bid and when you were done buying drop it back down again.
Keith could clear the air with one simple PR stating the present O/S, we are due a PR for the month. Would it be asking to much for someone that is able to get in contact with him to Please do this for the shareholders? I believe in the company and their plan but am really tired of reading all the negative posts as of late. As a supporter of the company, not with just talk, but buying frequently to help the shareprice from sinking, I believe it is a small favor to ask.
There are a lot of pink stocks you can invest in that have nothing but debt, Hemi is producing oil,they have some good leases and equip., they are debt free and operate in a community that likes to deal with them. Hemi has good reserves that show value to the company, this is why I will continue to purchase shares in Hemi.
If the MM's want to give me shares at these prices , I'll take'em.
I believe you expressed your opinion about Hemi very well and probably the opinion of a lot of others that hold Hemi shares. My only regret is that I found Hemi a couple of years to early. My stake in the company would be much greater at these prices, and yes, I also will continue to buy. Big Mur, I think it is time to change the " Post of the Month" and place your post there, for it pretty well says it all for the ones who continue to believe in the Hemi business plan. Penny stocks are a big gamble for anyone who ventures here and you must be willing to lose a large part of your bet.